2021-03-31-accounts

Registered number: 02164150 Charity number.. 0297806 HOMELESS OXFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) CONTENTS Page Refgrencg and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Auditors. Report on the Financial Ststements 10-12 Statement of Financial Activities 13 Balance Sheet 14-15 Statement of Cash Flows 16 Notss to the Financial Ststements 17-41

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Mr William Downing, Trustee (resigned 18 November 20201 Mr Robert Ailken, Trustee (resigned 4 November 2020} Ms Isabelle Pitt, Trustee Mr Graham Beith, Trustee Ms Karen Simeons, Trustee Ms Anne Clarke, Trustee Ms Penny Budgen, Trustee Ms Hannah Lock, Trustee Mr Jon Bright, Trustee lappointed 28 May 2021) Mr Ryan Cooke, Trustee (appointed 28 May 2021) Mrs Kale Hood, Trustee lappoinled 28 May 20211 Mr Frank Webster, Trustee {appointed 28 May 20211 Company registered number 02164150 Charity registered number 0297806 Registered office O'Hanlon House Luther Street Oxford Oxfordshire OX1 1UL Company secretary Ms Claire Dowan (resigned 21 May 20201 Chief executive officer Ms Claire Dowan (resigned 21 May 20201 Independent auditors James Cowper Kreston Chartered Accountants and Statutory Auditor 2 Chawley Park Cumnor Hill Oxford Oxfordshire OX2 9GG Investment managers Cazenove Capital Management Limited 6 Worcester Street Oxford OX12BX Page 1

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees (who are also directors of the charity for the purposes of the Companies Act 20061 present their annual report together with the audited financial statements of Homeless Oxfordshire Limited for the year ended 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current stalulory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT Homeless Oxfordshire Ltd I the charity'l is a registered charity (charity number 2978061 and a company limited by guamnlee (company number 021641501. The charity was incorporated on 15th September 1987 as Oxford Night Shelter Limited. On the 4th November 2009 the name changed to Oxford Homeless Pathways Limited by special resolution. On 22nd November a subsequent special resolution was passed to confirm the current operating name of Homeless Oxfordshire Ltd. Reconnect Oxfordshire Ltd 10788419 was incorporated on 25th 2017 as a wholly owned subsidiary of Homeless Oxfordshire Ltd for the purposes of trading and supporting the development of social enterprise activities. The goveming documents are the Memorandum and Articles of Association. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Informal skills audit processes govern the selection of Trustees and appointments are made in accordance with the Articles of Association by receipt and approval of an application for membership. Trustees are ￿qUired lo sign documentation confimiing their eligibility lo act in such a capacity. Trustees receive an induction from the CEO and Chair of Homeless Oxfordshire and meet key personnel as part of this induction. The Trustees meet as the Board of Trustees, which also comprises observers and advisors provided by Oxford City Council from lime to lime. ORGANISATIONAL STRUCTURE AND DECISION MAKING The overall responsibility for the charity rests with the Board of Trustees, who are also appointed as directors of the charitable company. Authority from the Trustees is delegated to the Chief Executive Officer, who is also the company secretary, and is responsible for the day to day running of the charity. RELATED PARTY RELATIONSHIPS The Charity has no related party relationships to disclose. RISK MANAGEMENT COVID-19 Homeless Oxfordshire continues to adapt the delivery of services lo the pandemic situation. Frontline staff have been working with clients in O'Hanlon House and in community properties throughout the year, following protocols to limit the spread of the coronavirus and protect our staff, our clients and their families. We were able lo take advantage of a local NHS Trusts, surplus vaccines and, between mid-January and mid-march, all our staff were offered their first vaccine, with second vaccines booked in where possible. All our clients have been offered vaccines, and instances of infection in the charity remain low. We continue to benefit from the planning of home-working and office-working rolas, with an increased focus on supporting staff lo return to on sile working, when they feel ready and when government guidelines permit. Governance meetings have moved online. Page 2

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Following government guidelines, we continue to run the hostel al reduced capacity, to ensure that clients and staff have adequate space and can maintain social distancing. Al the time of writing (July 20211, the charity is still working lo these guidelines, which means that for 16 months there have been a number of long term vacancies in the hostel and in the community houses. While some grant income was able to mitigate this, and we are hopeful that the restrictions are short term and confident that they are effective, we have seen a slight fall in our rental income, from £2.42m in 2020 to £2.12m in 2021. We are hopeful that as restrictions ease we are able lo offer a higher percentage of our bed spaces lo clients, while taking steps to keep everybody safe. As a people business we retained our staff during the period in order continue the important work of serving the needs of our clients. We were not able lo make use of the Government Fudough scheme to assist our cashflow in the way many other charities and businesses have. The coronavirus pandemic has also had an impact on our fundraising activities (down from £477k in 2020 10 £295k in 20211, and on the development of plans to achieve financial stability through the remodelling of the charity's property portfolio. We continue lo explore alternative finan￿ structures that have the potential lo diversify our income streams and increase our resilience in the face of continued cuts lo public sector spending. Looking at the homelessness sector in Oxfordshire more broadly, 20121 will be marked by commissioners, move away from multiple contracts with multiple Servi￿ providers, to an alliance model. Organisations have been invited lo form an alliance lo bid for a single contract to deliver the majority of commissioned services for homelessness support, with the decision on how ServI￿S are delivered land which organisalions lead on delivery) made within the allian￿ itself. Homeless Oxfordshire looks forward to working wrth partner organisalions to continue to deliver high qualrty, fit-for-purpose services for the most vulnerable across the county. Other risk areas The Charity is aware of non-financial risks presented by events and their outcomes that may have a significant effect on.. Operational performance Achievement of aims and objectives Meeting expectations of stakeholders The organisation has considered those major risks to which it is exposed and systems have been designed lo mitigate those risks. Regular reports are brought to the Board of Trustees. Close review of the finances and reserves are undertaken. All operational and building risk assessments are reviewed annually, with routine regular inspections at frequent intervals. Specific staff members have been identified as having health and safety and safeguarding responsibilities. All monitoring requirements are adhered to, with quarterty reports submitted to funders as per specific individual arrangements. A Business Conlinuily Plan is in place. Our fixed assets relate to ownership and lease arrangements on accommodation for clients and the provision of Luther Street Medical Centre. Our balance sheet reflects the value of these property assets but these funds are not available for general charitable expenditure. The Trustees also note that rts fixed assets generate ongoing maintenance and repairs cost for the Charity. There is a notice period built into each funding agreement (usually minimum three months) which would allow lime to wind down services. This serves as protection against Homeless Oxfordshire becoming insolvent," in addition, insurance provides cover against inability to provide services because of damage to buildings etc. The risk to service charge income {from voids and bad debts) is covered by a cautious estimate of occupancy levels and bad debts in each yearfs budget," in addition, these statistics are closely monitored on an ongoing basis. A cash flow forecast and budget Varian￿ monitoring procedure is also maintained. Page 3

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 POLICIES AND OBJECTIVES The Charity continued lo be governed by its agreed Mission, Aims and Objectives during the year. These are as follows.. Our mission.. To provide short term accommodation with access to high quality support and initiatives that enable homeless people to have a safe space in which they can begin lo take control of their own lives. Our aim.. The Charills aim is through the provision of a wide range of different types of accommodation. homeless people will learn how to manage a tenancy, have improved self-esteem, a more positive self-identity and gain the skills that will enable them to move on, live and succeed with greater independence. Our objectives: Swift, effective, creative and lasting responses that support single people who find themselves homeless, including.. Providing a range of housing with high quality support, creating individual solutions to individual needs. Encouraging and supporting homeless people lo lake up training, education and activities. The provision of a facility for the work of the Luther Street Medical Practice. Influencing public provision and policy by highlighting the social impact of our work. Working in partnership to best meet the needs of homeless people. Raising awareness and reducing the stigma of homelessness and becoming the Charity of choice of local people. These objectives were achieved principally through the provision of O'Hanlon House Hostel and through a range of projects in our community based accommodation. We provide a total of 220 beds throughout our organisation. VALUE STATEMENT Homeless Oxfordshire is a value led Charity. Values drive our work- they guide the way we work with our clients, within our communities and with each other. We strive lo be effective and to challenge perceptions and systems. We inspire clients, our partners and each other. We are responsive lo need and compassionate. Above all we are brave and will not give up on people that society may have left behind. PUBLIC BENEFIT The Trustees take into account the Charity Commission guidance on public benefit and believe that the activities of the Charity are in line with that guidance. REVIEW OF ACTIVITIES With over 30 years, experien￿, Homeless Oxfordshire is a successful organisation that has developed a considerable understanding of the specific needs of single, homeless and vulnerable adults. The Charity has a strong track record of providing a range of specialist services within a psychologically informed environment and managing a significant portfolio of accommodation to meet these needs. All of our charitable activities focus on supporting single homeless people lo develop the skills and resilience lo bring about change in their lives. As the largest provider of accommodation for single homeless people in Oxfordshire, each night we provide beds for 220 people. Through 11 innovative housing projects, we provide a range of support to help people re-build their lives. Page 4

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Our projects include.. Houslng Flrst: Commissioned by the City Council this project provides 5 self-conlained studios or flats for people who have been entrenched rough sleepers using the Housing First principles in relation to support. Sapllng.. Commissioned by Public Health this project provides 7 bed spaces for clients who are in recovery from drug andlor alcohol dependency and have completed a period of residential detox treatment or rehabilitation. Vlneyard.. Commissioned by the County Council this project provides 14 bed spa￿S for clients in the South & Vale District. The provision caters for a variety of needs. Project 41.. Commissioned by the City Council this project provides 41 rooms over 8 houses. Thirteen rooms are allocated to clients with low-medium support needs and 28 to those with medium-high support needs. Women's Project: A supported housing project for women only, providing 5 rooms in a shared house. O'Hanlon House Hostel: a 56 bed hostel for clients that may have been rough sleeping and who have complex needs. Reconnect servlce. Our Reconnect accommodation offers stability to clients that are working or ready lo work but need support lo be able to slabilise and reduce their risk of either becoming homeless in the first Instan￿ or returning lo homelessness. The project provides clients with opportunities to develop work based skills and increase their capacity to move on to and maintain private sector accommodation. This project is open lo clients that are capable of managing their tenancy. Homeless Oxfordshire has 19 rooms of Reconnect accommodation. Some feedback from our clients.. I can't put it into words really. Il's such a just incredible place full of such staff who are... just so understanding and supportive. And I don't think Oxford could really run wilhoul them. I know they couldn't because you couldn't find this kind of team anywhere else. Thelve got such passion for people, that you couldn't beat them at all. They opened doors for people, they really do. And they make things achievable and possible, and they point you in the right direction, and Ihelve never left me just to my own devices, as rt were. Not that I'm not capable, or well hopefully one day I will, but you know, l always know that I can come back even when I'm not living here, just lo be reassured that I'm still a proper person inside. So lo be homeless you just need somewhere like Homeless Oxfordshire to give you that support and give you that hope, because I know it's cheesy, bul hope, means pain ends. And il's that that this place gives. FUTURE DEVELOPMENTS Homeless Oxfordshire has maintained its central position as a provider of services lo homeless people in the City of Oxford and Oxfordshire, including Cherwell and Vale of White Horse and South Oxfordshire Districts. It has been a challenging year for Homeless Oxfordshire, as il has for many charities, but, thanks lo our ex￿lIent and dedicated staff, we remain resilient and continue to provide excellent services for those most in need. 2020 has seen a continued exploration of our key strategic aim.. lo widen our reach and bring services into the Cherwell District of Oxfordshire. We have developed strong relations with commissioners, and also with providers of social capital, and we've continued our work to gel HO 'fulure ready, and 'future proofed,. Our relationships with social property investors means that we are closer to realizing our aim of accessing capital that will enable us to acquire new property. This will be owned by the charity and will transfomi our existing portfolio, which is mainly rented through private sector landlords. This will not only add lo our asset base bul it will give our organization the ability lo accommodate clients in new geographical areas in properties that cater for a variety of needs. Page 5

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Homeless Oxfordshire's longer term strategic aim is lo maintain and develop a charity that is: Reslllent: By continuing to meet the needs of some of the most vulnerable members of our community al a time of change and financial insecurity. Outcome & Impact focused: In an outcome driven culture it is imperative that Homeless Oxfordshire can highlight its positive contribution lo the lives of vulnerable homeless people in an authentic and appropriate way. Evidencing our value and impact will enable us lo be both competitive for funding and raise our profile within our communities. Able to meet the need: We will continue to understand and respond lo need through collaboration with service- users, engagement with other providers and researching the scale of the need in our locality. Effective at Housing Management and property focused.. Ensuring that we have the right properties in the right location to meet the need and seeking opportunities for social property investment, extending our reach outside of Oxford City. INVESTMENT ACTIVITIES Surplus monies are invested in line wfch the Charitls investment policy with Cazenove Capital Management. Market value of the investments at 31 March 2021 is £553,049. FACTORS IN AND OUT OF CHARITY'S CONTROL The financial climate remains very insecure for on-going and sustainable public authority funding. We do not yet know the full impact of the coronavirus in terms of client need or in terms of a changed financial landscape. RESERVES POLICY The Charity segregates ils funds into reslricled and unrestricted funds. The fixed asset fund has been retained as this reflects the Charity's investment in properties. The pension reserve reflects the accounting valuation deficit on the Charity's defined benefit pension scheme. On a funding basis the scheme is not in deficit and therefore no assets are held against the pension reserve. PAY & REWARD Homeless Oxfordshire is committed to transparency and legal compliance. The Charity aims lo pay its staff in an equitable and consistent manner al a level which promotes recruitment and retention in a high cost area. Homeless Oxfordshire provides a supportive and caring environment for its staff together with opportunities for personal and professional development. The comparator markets for Homeless Oxfordshire are the local and national homeless hostels, floating support services and supported housing projects. The values of Homeless Oxfordshire are reflected in Job Descriptions and Person Specifications for all roles within the organisalion. As such, il is clear to all employees what skills, experiences, behaviours and culture are valued. INCOME, EXPENDITURE AND RESULTS It has been a successful year for the charity, despite the challenges of the Covid pandemic. which has resulted in only a small deficit for the year of £1,093. Page 6

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 GOING CONCERN After making appropriate enquiries and with income improving and a reduction in costs, the Trustees have a reasonable expectation that the Charity has adequate funds and future income lo continue for the foreseeable future. For this reason they continue lo adopt the going concern basis in preparing the financial statements. PRINCIPAL FUNDING Main sources of funding for the Charity are.. Housing Benefit Oxfordshire County Council l Oxford City Council joint commissioning Oxford City Council, through the Prevention of Homelessness Grants General fundraising All money received by the Charity from these income sources is spent on fulfilling the Charity's objectives. The largest percentage of income is spent on staff salaries, though a significant amount is also spent on the running of properties from which il operates IO'Hanlon House and various community properties) which are used lo house homeless people and thus fulfil the objectives of the Charity. FUNDRAISING ACTIVITIES Fundraising activities in 20121 saw Homeless Oxfordshire achieve £328,008 through donations and legacies, with a further £26,122 from grants. Our fundraising events did not raise any money.. all events were cancelled due to the pandemic. The Charity has invested in additional personnel lo increase capacity and to continue lo drive forward our profile and income generation abilities in Oxfordshire. Homeless Oxfordshire has never carried out any of the invasive fundraising practices that have been reported in the media as causing annoyance and distress lo many, such as fundraising by telephone or door to door. We have never employed third party fundraisers nor engaged with commercial participators, bought or sold lists of personal data or mailing lists from any source. Homeless Oxfordshire has not shared the personal data of any of our supporters and members with third parties. We have always tried to be open and honest in all our fundraising and never to apply undue pressure when requesting support from our donors. Fundraising activities are undertaken by employees and volunteers. Fundraising communications to individuals are limited lo known supporters. The frequency of communication is also monitored internally. The maximum number of fundraising communications is four per year but is often less in practice. Such communications are normally by direct personally addressed email with clear communication of the opportunity to opt out of future mailings. We have not run any volunteering activities this year, due to the pandemic We received no formal complaints. INVESTMENT POLICY Surplus monies are invested in line with the Charills investment policy. The objective is lo maximise returns whilst ensuring that access to funds is simplified and as far as possible funds are adequately safeguarded. Page 7

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 DONATIONS IN KIND The Charity acknowledges the contribution of donations and gifts in kind from local businesses, community groups, and members of the public. Donations of food and practical items are passed on to service users in the project or to those who have been recently resellled and are being supported in their own accommodation. FUNDS HELD AS CUSTODIAN Homeless Oxfordshire on occasion acts as custodian trustees, holding small amounts of clients, monies for safekeeping, on request. Such money, totalling no more that £500 at any one lime, is held in a safe and is subject to rigorous recording processes. DISCLOSURE OF INFORMATION TO AUDITOR Each of the persons who are Trustees at the lime when this Trustees, Report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audit information of which the Charity's auditor is unaware., and, that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any infomialion needed by the Charity's auditor in connection with preparing its report and to establish that the Charills auditor is aware of that infomialion. Page 8

HOMELESS OXFORDSHIRE LIMITED IA Company Llmltod by Guaranteo) TRUSTEES, REPORT ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also directors of Homeless oxfordshi￿ Limited for the purpose5 of company lawl are responsible for preparing the Trustee5' Report and the financial statements in accordance wrth applicable law and United Kirsgdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law ￿qUireS the Trustees lo prepare financial statements for each financial year. Under company law the Trustees musl not approve the financial stalemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable oompany and of the incomlng resources and appllcatlon of resource$, including the income and expenditure, of the charitable Company for that period. In preparing these financial ststemenls, the Trustees are required to.. select suitable accounting policies and then apply them consisteftlty-, obsetve the methods and principles in the Charities SORP., make judgements and accounting eslimales that are reasonable and prudenL state whether applieable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., prepare the financial statements oft the going concem basis unless it is inappropriat8 lo presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting record5 that are sufficient lo show and explain the charitable company's transactions and disclose with reasonable accuracy al any lime the linancial posillon of the charitsble company and enable them Its ensure that the financial statements wmply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for laklng reasonable steps for the prevention and detection of fraud and other iffegularilies. This report was approved by the Trustees on and signed on their bèhalf by.. Isabell Chair Date.. Page 9

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED Opinion We have audited the financial statements of Homeless Oxfordshire Limited Ithe 'charilable companll for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balan￿ Sheet, the Statement of Cash Flows and the related notes, induding a summary of significant accoLJnling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Awepled Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stale of the charitable companls affairs as at 31 March 2021 and of ils incoming resources and application of resour￿8, including ils income and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKI} and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable companls ability lo continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 10

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED ICONTINUEDI Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the exlenl otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which we arg rgquirgd to rgport by excgption We have nothing to report in respect of the following matters where the Charities {Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, Report is inconsislenl in any material respect with the financial stalemenls., or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is ne￿SSary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable companls ability lo continue as a going COn￿rn, disclosing, as applicable, mallers related lo going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative bul to do so. Page11

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED ICONTINUEDI Auditors. responsibilities for tho audit of the financial ststgmgnts Our objectives are lo obtain reasonable assurance about whether the financial slatemenls as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that inclLJdes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misslatemenl in the financial statements or non-complian￿ with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The specific prO￿dureS for this engagement that we designed and performed lo detect material misstatements in respect of irregularities, including fraud, were as follows.. Enquiry of management and the Trustees around actual and potential liligalion and claims., Enquiry of entity staff in housing and compliance functions lo identify any InStan￿S of non-compliance with laws and regulations., Reviewing minutes of meetings of the Trustees., Reviewing financial statement disclosures and lesling to supporting documentation lo assess compliance with applicable laws and regulations., Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for bias. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibilities. This description forms part of our Auditors, Report. Use of our report Our audit work has been undertaken so that we might state lo the charitable companls trustees those matters we are required lo stale lo them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Michael Farwell MA FCA DChA James Cowper Kreston Chartered Accounlanls and Statutory Aud(£or 2 Chawley Park Cumnor Hill Oxford Oxfordshire OX2 9GG Dale.. 0210812021 Page 12

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies Charitable activities other trading activities Investments 328,008 2.769.593 328,008 3.291.074 536,572 3,685,503 15,966 15,147 521.481 11.574 11.574 Total income 521,481 3,109,175 3,630,656 4,253,188 Expenditure on: Raising funds Charitable activities 163.879 3,013,403 163.879 3,540,797 177,087 3,824,871 527,394 Total expenditure 527.394 3,177.282 3,704.676 4,001,958 Nel gainslllossesl on investments 72,927 72,927 155,6291 Net movement in funds before other recognised gainslllossesl Actuarial {losses}Igains on defined benefit pension schemes 15.9131 4.820 11.0931 195,601 22 {226.0001 {226.0001 349,000 Net movement in funds 15,9131 {221,1801 {227,0931 544,601 Reconciliation of funds.. Total funds brought forward 191.397 1.597.403 1.788.800 1,244,199 Totsl funds Carri￿ foThvard 185,484 1,376,223 1,561,707 1,788,800 The notes on pages 17 to 41 fomi part of these financial stalemenls. Page 13

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) REGISTERED NUMBER: 02164150 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets Investments 11 1,098,270 553,049 1,216,082 483,189 12 1,651.319 1,699,271 Current assets Debtors Cash at bank and in hand 13 219.701 576,635 296,020 458,906 796.336 754,926 Creditors.. amounts falling due within one year 14 1104,9731 1191,3971 Net current assets 691.363 563,529 Total assets less current Ilabllltles 2.342,682 2,262,800 Provisions for liabilities 162.9751 Net assets excluding pension liability Defined benefit pension scheme liability 2,279.707 2,262,800 22 {718,0001 1474,0001 Total net assets 1,561,707 1,788,800 Charity funds Restricted funds 16 185,484 191,397 Unreslricled funds Unreslricled funds excluding pension liability Pension reserve 16 16 2.094.223 1718,0001 2,071,403 1474,0001 Total unrestricted funds 16 1,376,223 1,597,403 Totsl funds 1,561.707 1,788,800 Page 14

HOMELESS OXFORDSHIRE LIMITED (A Company Llmltgd by Guarantee) REGISTERED NUMBER: 02164150 BALANCE SHEET ICONTINUEOI AS AT 31 MARCH 2021 The financial statements have been prepared in accordance with the provisions applicable to entibes subject to the small companies regime. The financial stslements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Isabejl Chair Date". zf 7-2( The notes on pages 17 10 41 form part of these financial statement5. Page15

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notg Cash flows from operating activities Nel cash used in operating activities 19 173,572 305,738 Cash flov￿ from investing activities Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments 11 {60,2591 153.686 1149.2701 179,7511 72,411 164,1271 12 12 Net cash used In Investlng actlvltles 155,8431 171.4671 Cash flows from financing activities Net cash provided by financing activities Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 117,729 234,271 458.906 224,635 Cash and cash equivalents at the end ofthe year 20 576,635 458,906 The notes on pages 17 to 41 fomi part of these financial statements Page 16

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policios 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Homeless Oxfordshire Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. The financial statements are presented in Sterling, the function81 currency of the Charity, and are rounded to the nearest pound Sterling. 1.2 Company status The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. Homeless Oxfordshire Limited is a charity incorporated and domieiled in England and W8les with registered number 02164150 and charity number 0297806. The Charitys registered office is O'Hanlon House, Luther Street, Oxford, Oxfordshire, OX1 1 UL. 1.3 Going concern In the year to 31 March 2021 the Charity incurred a net deficit, had total funds at 31 March 2021 of £1,561,707 12020.. £1,788,800), unrestricted funds excluding the pension liability of £2,094,223 12020.. £2,071,403) and cash and cash equivalents 8t 31 March 2021 of £576,635 (2020.. £458,906). The Trustees have considered the ability of the Charity to continue as a going concern and this is considered lo be the most significant estimate made by the Trustees in preparing the financi81 statements. The Trustees have prepared forecasts for Homeless Oxfordshire Limited for a period covering at least 12 months from the dale of their approval of these financial statements. The Trustees have reviewed the assumptions made in respect of the expected timing and realisation of donations and other fundraising activities and grants received from Oxfordshire council. The Charity has reviewed the services that il is able lo continue to provide during the period that may continue lo be impacted by COVID-19 and has successfully applied for new grants to support its ongoing activities. The Trustees have made assumptions that they consider to be appropriate in respect of going concern. The Trustees are reviewing the UK Government's approach lo long-lerm solutions for homelessness and the easing of COVID-19 restrictions and consider the Charity to be well placed lo provide ongoing support to encouraging independent living in the long-term for homeless individu81s. Based on these forecasts, the Trustees consider that the Charity has adequate resources to continue in operational existence for the foreseeable future. Therefore, the Trustees continue to adopt the going concern basis in preparing these financial statements. Page 17

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinugdl 1.4 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial statements. Reslricled funds are funds which are to be used in accordan￿ with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial stalemenls. 1.5 Income All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the dale on which either the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor{sl to the Trust that a distribution will be made, or when a distribution is re￿iVed from the estate. Receipt of legacy, in whole or in part is only considered probable when the amoLJnl can be measLJred reliably and the Charity has been notified of the executor's intention lo make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income re¢ognilion have not been met, then the legacy is treated as a contingent asset and disdosed if material. Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the re¢eipl of economic benefit from the use of the Charity of the item is probable and Ihal economic benefit can be measured reliably. On re￿ipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount il would have been willing lo pay to obtain servi￿8 or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Income lax recoverable in relation lo investment income is recognised at the lime the investment income is re￿ivable. Other income is recognised in the period in which il is receivable and to the extent the goods have been provided or on completion of the servi￿. Page 18

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinugdl 1.6 Expgnditurg Expenditure is recognised once there is a legal or Constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation be measLJred reliably. Expenditure is Classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Governan￿ costs are those incurred in connection with adminislralion of the Charity and compliance with constitutional and statutory requirements. Costs of generating funds are costs incurred in allracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are Costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned lo charitable activities. No amounts are included in the financial statements for services donated by volunteers. All expenditure is inclusive of irrecoverable VAT. 1.7 Tangible fixod assets and depreciation A review for impairment of a fixed asset is carried out if events or changes in circumstan￿8 indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure A¢counl. Tangible fixed assets are carried al cost, net of depreciation and any provision for impairment. Depreciation is provided al rates calculated lo write off the cost of fixed assets, less their estimated residual value, over their expected useful lives. Tangible fixed assets are initially recognised al cost. After recognition, under the revaluation model, tsngible fixed assets whose fair value be measured reliably shall be carried al a revalued amount, being their fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Page 19

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinugdl 1.7 Tangible fixod assets and depreciation Icontinugdl Depreciation is provided on the following basis.. Land and buildings freehold and long leasehold Leasehold improvements Motor vehicles Fixtures and fittings Computer equipment 2,/0 slraighl line 10'/o slraighl line 33,/0 slraighl line 33,/0 slraighl line 33'/o slraighl line Certain freehold land and buildings are not depreciated as, in the opinion of the Trustees, the property is worth more than its net book value, and as such, any depreciation charge would be immaterial. Although this treatment is contrary lo the Companies Act 2006 which slates that fixed assets should be depreciated this is, in the opinion of the Trustees, ne￿SSarY in order lo give a true and fair view of the asset's true value. 1.8 Investmgnts Fixed assel investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the Balance Sheet dale, unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses} on investments, in the Statement of Financial Activities incorporating Income and Expenditure A￿Ount. Investments in subsidiaries are valued al cost less provision for impairment. The investment in the subsidiary Reconnect Oxfordshire Limited is not material to these financial statements and as such is not recognised on the Balance Sheet. The results of the subsidiary are not material to the Charity and the Charity has therefore not prepared consolidated financial slatemenls. Reconnect Oxfordshire Limited has the company registered number 10788419 and Homeless Oxfordshire Limited holds 100'/o of the issued share capital of Reconnect Oxfordshire Limited. 1.9 Operatinglgasos Rentals paid under operating leases are charged lo the Statement of Financial Activities on a straight line basis over the lease term. 1.10 Interest recoivablo Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity- This is normally upon notification of the interest paid or payable by the Bank. 1.11 Dgbtors Trade and other debtors are recognised al the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Page 20

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinugdl 1.12 Provisions Liabilities and provisions are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be reqLJired in settlement, and the amount of the settlement can be estimated reliably. Liabilities are rewgnised al the amount that the Charity anticipates il will pay lo sellle the debt or the amount it has received as adVan￿d payments for the goods or servi￿$ il must provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where 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-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 1.13 Pension$ The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. The Charity operates a defined benefit pension scheme and the pension charge is based on an actuarial valuation dated 31 March 2021. The Local Government Pension Scheme is a funded scheme and the assets are held separately from those of the Charity in separate trustee administered fLJnds. Pension scheme assets are measLJred al fair value and liabilities are measured on an actuarial basis using the projected unit credit method and discounted al a rale equivalent lo the current rale of return on a high quality corporate bond of equivalent term and currency to the liabilities. The aeluarial valuations are obtained al least triennially and are updated at each Balance Sheet dale. The amounts charged lo operating surplus are the current service costs and the costs of scheme introductions, benefit changes, settlements and curtailments. They are included as part of staff costs as incurred. Nel interest on the net defined benefit liabilitylasset is also recognised in the Statement of Finanual Activities lincorporaling an Income and Expenditure Account) and comprises the interest cost on the defined benefit obligation and interest income on the scheme assets, calculated by multiplying the fair value of the scheme assets al the beginning of the period by the rate used to discount the benefit obligations. The difference between the interest income on the scheme assets and the actual return on the scheme assets is recognised in other recognised gains and losses. Actuarial gains and losses are recognised immediately in other recognised gains and losses. 1.14 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.15 Financial in$twmgnts The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measLJred al their settlement valLJe with the eX￿pIlOn of bank loans which are subsequently measured al amortised cost using the effective interest method. Page 21

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Judggmgnts in applying accounting poli¢ig$ and key sources of estimation uncgrtainty Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Charity makes estimates and assumptions con¢eming the future. The resutting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amoLJnls of assets and liabilities within the next financial year are discussed below. Pensions The present value of the Local Government Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost lincomel for pensions include the discount rate. Any Changes in these assumptions, which are disclosed in note 22, will impact the carrying amount of the pension liability. Furthermore, a roll forward approach which projects results from the latest full actuarial valuation performed at 31 March 2019 has been used by the actuary in valuing the pensions liability al 31 March 2021. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability- Tangible fixgd assgts Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values. Provisions The Trustees review the valLJe of the liability in respect of the dilapidations required, following the end of the operating lease commitments using their knowledge of the amendments made lo the structure of the buildings and the dilapidation rates in the market. Page 22

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from donations and 1oga¢ies Unrestricted funds 2021 Totsl funds 2021 Total funds 2020 Donations Legacies Grants 295,240 6,646 26,122 295.240 477,793 1,000 57,779 26.122 Total donations and legacies 328,008 328.008 536,572 Total 2020 536,572 536,572 Fundraising income Income from fundraising events Unrestricted funds 2021 Totsl funds 2021 Total funds 2020 Fundraising 15,966 Total 2020 15,966 15,966 Investment income Unrestricted funds 2021 Total funds 2021 Total funds 2020 Investment income 11,399 175 11,399 175 15,136 Bank interest Total 2021 11,574 11,574 15,147 Total 2020 15,147 15,147 Page 23

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from charitsblg activities R&strictod Unrestricted funds funds 2021 2021 Totsl funds 2021 Total funds 2020 Rent and housing benefits Public authority funding Rental income 2,127,634 582,037 59,922 2.127.634 1.103.518 59,922 2,420,859 1,171,535 93,109 521,481 521,481 2,769,593 3.291.074 3,685,503 Total 2020 796,519 2,888,984 3,685,503 Analysis of expenditure by activities Rent and supporting people 2021 Support costs 2021 Total funds 2021 Total funds 2020 Total expenditure 1,824,687 1,716,110 3.540,797 3,824,871 Total 2020 2,122,075 1,702,796 3,824,871 Page 24

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expgndituro by activities Icontinuedl SeNicg costs Rent and Supporting People 2021 Total funds 2021 Total funds 2020 Nel interest on pension scheme liability under FRS 102 Laundry and cleaning Food and household 11,000 114,832 122,479 95,205 27,974 12,676 1,418,203 22,318 11.000 114.832 122,479 95.205 27.974 12.676 1,418,203 22.318 19,000 100,457 143,815 90,070 38,828 305,679 1,424,226 Heat and light Welfare activities Agency costs Wages and salaries Donations in kind Total 2021 1,824,687 1,824.687 2,122,075 Total 2020 2,122,075 2,122,075 Page 25

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expgndituro by activities Icontinuedl Analysis ofsupport costs Othgr support costs 2021 Total funds 2021 Total funds 2020 Depreciation Property management costs Staff training Travelling Rent and rates 178,071 120,540 7,904 12,511 718,124 178.071 120.540 7,904 12.511 718.124 212,178 118,845 16,769 23,101 796,467 L iii Repairs and maintenan Insurance 372,105 31,202 34,379 1,829 99,490 26,237 6,492 25,155 71,812 10,259 372.105 31,202 34.379 1.829 99.490 26,237 6.492 25.155 71.812 10,259 211,467 24,387 49,166 7,805 95,825 27,808 6,612 22,109 80,227 10,030 Telephone Sundry and adminislralion charges Legal and professional Recruitment Bank and investment charges Printing & stationery Computer consumables Governance costs- auditoVs remuneration Total 2021 1,716,110 1,716.110 1,702,796 Total 2020 1,702,796 1,702,796 Fundraising costs 2021 2020 Wages and salaries National insuran 125.443 4,127 1,161 33,148 125,000 4,052 1,140 46,895 Pension costs Other fundraising costs 163.879 177,087 Page 26

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Auditors. remuneration 2021 2020 Fees payable lo the Charills auditor for the audit of the Charitls annual accounts 10,259 10,030 10. Staff costs 2021 2020 Wages and salaries Social security costs other pension costs (Note 221 1,373,393 126,880 48,661 1,388,877 125,901 39,640 1.548.934 1,554,418 During the year ended 31 March 2021, the Charity incurred expenditure in respect of redundancies lotaling £nil 12020.. £10,0001- These were to compensate for loss of jobs arising from a restructuring of the Charity. The Charity recognises the costs for redundancy payments once it is contractually committed lo the transfer of economic benefits lo the third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the redundancy payment can be measured reliably. There are no amounts payable at 31 March 2021 12020.. £Nill. The average number of persons employed by the Charity during the year was as follows= 2021 No. 2020 No. Total 66 60 No employee re￿iVed remuneration amounting to more than £60,000 in either year. The key management personnel of the Charity comprise the Trustees, the Chief Executive Offi￿r, the Head of Finance, the Head of Services, the Head of Fundraising and the Head of Housing and Innovation. The total employee benefits of the key management personnel of the Charity were £255,331 12020.. £251,353}. Page 27

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Tangible fixgd assgts Freehold and leasehold property Motor Flxtures and vehicles fittings Computer equipment Total Cost or valuation At 1 April 2020 Additions 2,235,053 5,500 767.612 48,024 137.427 12,235 3,145,592 60,259 At 31 March 2021 2.235.053 5,500 815.636 149.662 3.205.851 Depreciation At 1 April 2020 Charge for the year 1.196.918 55,840 1,528 1,833 608.778 109.173 122.286 11.225 1.929.510 178,071 At 31 March 2021 1,252,758 3,361 717,951 133,511 2,107,581 Net book value At 31 March 2021 982,295 2,139 97,685 16.151 1,098,270 At 31 March 2020 1,038,135 3,972 158,834 15,141 1,216,082 The net book value of land and buildings comprises freehold and leasehold properties as follows.. 2021 2020 Freehold property Long-lerm leasehold property 304,921 677,374 304,921 733,214 982.295 1,038,135 Page 28

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. Fixed assgt invg$lments Llsted securities Market value At 1 April 2020 Additions 483,189 149,270 {153.6861 74.276 Disposals Revaluations At 31 March 2021 553,049 At 31 March 2021 553,049 At31 Ma￿h 2020 483,189 Listed investments as at 31 March 2021 are represented by equities of £281,58212020.. £215,829), fixed interest securities of £129,228 {2020.. £135,167), portfolio funds of £24,000 12020.. £32,508), alternative funds of £70,02412020.. £52,599), cash of £47,41612020.. £46,050) and accruals of £800 (2020.. £1,036}. 13. Debtors 2021 2020 Due within one year Trade debtors 111,037 20,908 87,756 70,563 12,514 212,943 Other debtors Prepayments and accrued income 219.701 296,020 Page 29

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Crgditors: Amounts falling dug within one year 2021 2020 Trade creditors Other taxation and social security Other creditors 35,033 28.892 12.024 29.024 131,653 30,189 3,182 26,373 Accruals and deferred income 104,973 191,397 2021 2020 Deferred income Deferred income al 1 April 2020 ReSoUr￿S deferred during the year Amounts released from previous periods 4,173 7,477 14,1731 6,734 4,173 16,7341 7.477 4,173 Provisions Dilapidation provision Additions 62.975 62.975 The Charity has recognised a provision for the expected future cost to retum properties held under operating leases to their original slate. The provision is expected to be ulilised upon temination of the respective leases in the next financial year. Page 30

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. ststgmgnt of funds ststomont offunds - curront ygar Balance at 31 March 2021 Balance at 1 April 2020 Gainsl (Losses) Income Expgnditure Designatgd funds Fixed asset fund Luther Street Medical Fund 1.035.734 46.300 60.260 {172.1581 923.836 46.300 General funds Operating Fund Pension resetve 989.369 {474.0001 3.048,915 12,987.1241 118.0001 72,927 1226.0001 1.124.087 {718.0001 Total Unrestrlcted funds 1,597,403 3,109,175 13,177,282) 1153,0731 1,376,223 Restricted funds Medical Fund (Building) Housing First Bernard Sunley grant Sapling Vineyard Project 41 Pre-recovery Women's Project Cherwell Winter Beds 180.348 15.9131 147.8501 15,0001 158.0361 183.5741 {150.0001 139,5191 136.0381 186.4201 115,0441 174.435 47,850 5,000 58,036 83.574 150,000 39,519 36,038 86.420 15,044 Oxford House Oxfordshire Co-operative Training Scheme 11,049 11,049 191.397 521.481 {527.3941 185,484 Totsl offunds 1.788,800 3.630.656 13,704.6761 1153,0731 1.561,707 Page 31

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. ststgmgnt of funds Icontinuedl ststomont of funds - prior year Balance at 31 March 2020 Balance at 1 April 2019 Gainsl (Losses) Income Expenditure Designatgd funds Fixed asset fund Luther Street Medical Fund 46,300 1,162,248 46,300 1,035,734 79,751 1206,2651 General funds Operating Fund Pension resetve 635,341 1797,0001 3,376,918 12,967,261) 126,0001 155,6291 349,000 989,369 1474,0001 Total Unrestrlcted funds 1,046,889 3,456,669 13,199,526) 293,371 1,597,403 Page 32

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. ststgmgnt of funds Icontinuedl ststomont of funds - prior ygar Icontinugdl Balance at 31 March 2020 Balance at 1 April 2019 Gainsl (Losses) Income Expenditure Restricted funds Medical Fund (Building) Day Services Housing First Sit-up Acacia Management Sapling Vineyard Project 41 Pre-recovery Women's Project Winter Weather Workers Move on Cherwell Winter Beds Oxford House 186,261 15,9131 182,7781 147,8501 1112,6031 180,7471 158,0361 183,5741 1150,0001 139,5191 134,0381 111,7701 117,2731 153,2101 125,1211 180,348 82,778 47,850 112,603 80,747 58,036 83,574 150,000 39,519 34,038 11,770 17,273 53,210 25,121 Oxfordshire Co-operative Training Scheme 11,049 11,049 197,310 796,519 1802,4321 191,397 Totsl offunds 1,244,199 4,253,188 14,001,958) 293,371 1,788,800 Page 33

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ststgmgnt of funds Icontinuedl Designatgd Funds Luther Street Medical Fund This represented monies designated lo support the Oxford Homeless Medical Fund lo provide medical care, counselling and welfare for the homeless in Oxfordshire and their families. Fixgd 0$$gts fund These are unreslricled funds representing the assets of the Charity and are therefore not available for general charitable expendilLJre. This fund was created lo provide a new service for the homeless in Oxfordshire. The funds were for the purchase and refurbishment of accommodation for this project. The list of properties which have been purchased using this fund and disclosed in note 11 are.. 28 Bamplon Close 76 Hockmore Tower 41 Bartlemas Road 23 St Nicholas Street General Funds Opgrating fund This represents three months operating costs to cover shortfalls in income against plan, loss of funding and working capital funding. Pension Reservg This represents the Local Government Pension Scheme deficit. Restricted Funds Medical Fund IBuilding} This represents the capitalised value of the Luther Street Medical Centre. A professional valuation was Carried out in the year ended 31 March 2014 to form an opinion over the long leasehold value of the Luther Street Medical ¢entre investment. Preventing Homelessness - Day SeNice for Rough Sleepers This is funded by Oxford City Council for the purpose of providing support lo rough sleepers a¢￿SSing the service during the day only. Preventing Homo1g$snes$ - Housing First Oxford City Council provided a grant in 2014 to fund support workers as part of the Housing First project. The project continued during the year ended 31 March 2019. Preventing Homelessness - Sit-up Oxford City Council provided a grant lo fund support workers as part of the Sit-up project. Acacia Management The purpose of this grant is to provide six flats for Clients with complex needs, including mental health support. This is a joint project working with Response. Page 34

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ststgmgnt of funds Icontinuedl Sapling The Sapling grant provides 5 beds for dienls who are in recovery from drug andlor alcohol dependency and have completed a period of residential detox treatment or rehabilitation. This project is funded through Public Health. Vinayard A 14 bed hostel in South Oxfordshire. Provides one bedroom flats, part of the adult homeless pathway, supporting clients on their journey to independent living. Projgct 41 This is an Oxford City Council funded project to provide 41 accommodation unils for clients with low- medium and medium-high support needs. Pre-recovery This grant provided 7 beds for clients working towards recovery from drug or alcohol abuse in conjunction with Turning Point. Women's Project A 5 bed shared house providing peer-support group work, a programme of activities and a safe and secure environment supporting women lo recover from their eXperIen￿S of trauma and homelessness. Winter Woathar Workgrs This grant provided accommodation and staffing for the Winter Shelter initialives lo support rough sleepers in Winter. Move On An initiative to support homeless individuals to transition from short-lerm accommodation lo long-term housing and other forms of supported accommodation and independen￿. Chorwoll Winter Beds Providing 10 beds in a mix of shared and single unit accommodation for Cherwell District Council. This grant supports clients on their journey to independent living. Bernard Sunley grant This grant was provided towards the costs of updating 44 kitchenettes in 18 properties. Oxford House This grant provides intensive, flexible and personalised support to help clients with low to medium general needs to maintain a￿0mmOdatIOn and improve their health and wellbeing. Oxford$hire Co-opgrative Training Schomo The purpose of this restricted fund is to fund the provision of training lo front line staff within the homeless voluntary, residential sector. Page 35

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Summary offunds Summary offunds - curront year Balance at 31 March 2021 Balance at 1 April 2020 Gainsl (Losses) Income Expgnditure Designated funds General funds Restricted funds 1,082,034 515,369 191.397 60,260 3,048,915 521,481 {172.1 $81 13,005,124) 1153,0731 {527.3941 970,136 406,087 185.484 1,788,800 3,630,656 13,704.6761 1153,0731 1,561,707 Summary offunds - prior year Balance at 31 March 2020 Balance at 1 April 2019 Gainsl (Losses) Income Expenditure Designated funds General funds Restricted funds 1,208,548 1161,6591 197,310 79,751 1206,2651 3,376,918 12,993,261) 796,519 1802,4321 1,082,034 515,369 191,397 293,371 1,244,199 4,253,188 14,001,958) 293,371 1,788,800 18. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset investments 174,435 923,835 1,098,270 553,049 553.049 785,287 796.336 1104,9731 {104.9731 1780,9751 {780,9751 Current assets 11,049 Creditors due within one year Provisions for liabilities and charges Total 185,484 1,376,223 1.561.707 Page 36

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of ngt a$$gt$ betwegn funds lcontinuedl Analysis of net assgts betwggn funds - prior ygar Restricted Unrestricled funds funds 2020 2020 Total funds 2020 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Provisions for liabilities and charges 180,348 1,035,734 1,216,082 483,189 483,189 743,877 754,926 1191,3971 1191,3971 1474,0001 1474,0001 11,049 Total 191,397 1,597,403 1,788,800 19. Reconciliation of net movement in funds to net cash flow from operating activities 2021 2020 Nel incomelexpenditure for the year las per Statement of Financial Acliviliesl 11,0931 195,601 Adjustments for- Depreciation charges Gainslllossesl on investments Decreasellincreasel in debtors Increasel(decreasel in creditors Increase in provisions Defined benefit pension scheme Cost less contributions payable 178,071 {74,2761 76.319 {86,4241 62,975 18,000 212,178 55,629 1196,0301 12,360 26,000 Net cash provided by operating activities 173.572 305,738 20. Analysis ofcash and cash equivalents 2021 2020 Cash in hand 576.635 458,906 Total cash and cash equlvalents 576.635 458,906 Page 37

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. Analysis of Changes in ngt debt At 1 April 2020 Cash flows At 31 March 2021 Cash at bank and in hand 458,906 117,729 576,635 22. Pension commitments The Charity participates in the Local Government Pension Scheme ILGPSI ladminislered by Oxfordshire County Council}, which is now closed to new members. The scheme is contributory, contracted out from the Slate Earnings Related Pension Scheme and provides benefits based on length of service and final pensionable salary. The LGPS is a funded defined benefit scheme, with assets held in separate Irusleea dminislered funds. Contributions to the scheme were made in accordance with advice from the actuary and in accordance with the Schedule of Contributions in pla￿ during the year. The scheme is valued on a triennial basis by qualified actuaries using the projected unit method. The levels of contribution take account of any actuarial surpluses or deficiencies in each scheme. The last actuarial value of the scheme assets was undertaken at 31 March 2019 and has been updated to 31 March 2021 by a qualified independent actuary. The value of the scheme assets was £1,825,000 compared lo a funding target of £2,543,000. The shortfall of the assets relative lo the funding target is therefore £718,000. For figures as al 31 March 2021, any new early reliremenls in the period that have been paid out on an unreduced basis have been factored in. A recovery plan has been agreed to deal with the deficit on the scheme. The Charity is to pay additional annual conlribulions, which ComMen￿d with effect from 1 April 2014. The total payments made by the Charity during the year ended 31 March 2021 were £5,000, which are included with the total pension charge for the year. The expected level of additional contribution payments for the year ending 31 March 2022 is £5,000. As at 31 March 2021, a number of the Charills staff participated in a pension scheme operated by the Pension Trust. This is a defined contribution scheme offered to staff under the aulo-enrolmenl rules. Employee contributions vary in line with the scheme rules and Homeless Oxfordshire Limited as the employer contributes an additional 10A above that which the staff member contributes, up to a maximum During the year ended 31 March 2021, contributions payable by the employer amounted lo £37,75912020.' £31,500). The Trustees acknowledge that the COVID-19 pandemic has created an inherent level of Un￿rtaInty regarding the future valuation of financial market investments and the life expectancy of participants in the defined benefit pension scheme. Due to these uncertainties, the Trustees have not included any specific COVID-19 adjuslmenls or allowances in the valuation of the scheme al 31 March 2021. Principal actuarial assumptions at the Balance Sheet dale (expressed as weighted averages).. At 31 March At 31 March 2021 2020 Discount rate Future salary increases Future pension increases 2.00 2.85 2.30 1.90 2.85 1.90 Page 38

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 22. Pension commitmgnts Icontinugdl At 31 March At 31 March 2021 2020 Years Years Mortality rates lin years) - for a male aged 65 now al 65 for a male aged 45 now for a female aged 65 now al 65 for a female aged 45 now 22.4 23.4 22.2 22.9 24.7 24.3 25.6 26.3 The assets in the scheme and the expected rates of retum were= Fair value at Fair value at 31 March 31 March 2021 2020 Equities Gills Corporate bonds Cash 1.296,000 347.000 110,000 72,000 1,034,000 334,000 106,000 46,000 Total market value of assets 1.825,000 1,520,000 The actual return on scheme assets was £318,000 (2029- £1175,OOOJ). The amounts recognised in the Slalement of Financial Activities are as follows.. 2021 2020 Current service cosl and administration expenses Past seryice cost- Mccloud judgement Expected return on scheme assets Interest on obligation {12,0001 111,0001 11,0001 40,000 159,0001 34,000 {45,0001 Total 123,0001 131,0001 Page 39

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 22. Pension commitmgnts Icontinugdl Movements in the present value of the defined benefil obligation were as follows.. 2021 2020 Opening defined benefit obligation cu￿ent service cost 1.994.000 12,000 2,457,000 11,000 1,000 59,000 2,000 1215,0001 112,0001 1309,0001 Past service costs Interest cost Contributions by scheme participants Changes in financial assumptions Benefits paid Changes in demographic and other assumptions 45,000 2,000 541,000 (54,0001 3.000 Closing defined benefit obligation 2.543.000 1,994,000 Changes in the fair valLJe of scheme assets were as follows.. 2021 2020 Opening fair value of scheme assets Expected return on assets Actuarial gainsl{lossesl Contributions by employer Contributions by scheme participants Benefits paid 1.520.000 34,000 318,000 5,000 2.000 {54,0001 1,660,000 40,000 1175,0001 5,000 2,000 112,0001 Closing fair value of scheme assets 1,825,000 1,520,000 Amounts for the current and previous period are as follows.. Defined benefit pension schemes 2021 2020 Defined benefit obligation Scheme assets 12.543,0001 11,994,000) 1,825,000 1,520,000 Deficit 1718,0001 1474,0001 Page 40

HOMELESS OXFORDSHIRE LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 23. Opgrating lease commitmonts At 31 March 2021 the Charity had commitments to make future minimum lease payments under non- Can￿lIable operating leases as follows.. 2021 2020 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 313.672 416,807 58.889 366,669 376,041 789.368 742,710 24. Related party transactions The Charity has not entered into any related party transaction during the current or prior year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2021 or 31 March 2020. 25. Controlling party The Charity Is under the joint control of the Trustees who oversee all administration and operations that the Charity undertakes. Page 41