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