2022-03-31-accounts

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..(Y&GMT (UTC 4OID IM P 1M4 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 2022

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..10 GMT (UTC 4OID IM P2M4 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) CONTENTS Page Roference and administralive details of tho Charity. its Trusteos and advisers Trustees, report Indepeiideiit auditors. report on the financial statsments 10-12 Statement of financial activities 13 Balance shaet 14-15 Statement of cash flows 16 Notes to the financial staternents 17-42

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..10 GMT (UTC 4OID IM P HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees Ms Isabelle Pitt, Trustee {resigned 14 September 20221 Mr Graham Beith, Trustee {resigned 17 November 2021 } Ms Karen Simeons. Trustee (resigned 15 September 2021) Ms Anne Clarke, Trustee Ms Penny Budgen. Trustee Ms Hannah Lock, Trustee (resigned 16 March 2022} Mr Jon Bright, Tru51ee {appointed 28 May 2021. resigned 12 August 2021) Mr Ryan Cooke, TNslee {appointed 28 May 20211 Mrs Kate Hood, Trustee (appointed 28 May 20211 Mr Frank Webster, Trustee {appointed 28 May 20211 Mr Anthony Aexander, Trustee (appointed 16 March 2022} Mr Robin Rogers, Trustee lappointed 16 March 20221 Ms Endah Paton. TTUStee (appointed 16 March 20221 Dr David-Huw Owen, Trustee lappoinled 16 March 2022) Mr John Cryer, Trustee lappoinled 16 March 20221 Ms Anne Cooper, Trustee lappointed 16 March 20221 Company registered number 02164150 Charity register￿ numbèr 0297806 Registered office O'Hanlon House, Luther StreeL Oxford, Oxfordshire, OX1 1 UL Company secretary Ms Claire Dowan (resigned 21 May 20211 Ms Linda O'sullivan lappointed 9 June 2021. resigned 3 September 20211 Mr Bill Feeney (appointed 27 September 2021) Chief executive officer M5 Claire Dowan (resigned 21 May 20211 Interim CEO.. Mr Bill Feeney (appointed 27 September 20211 Independent auditors James Cowper Kreston, 2 Chawley Park, Cumnor Hill, Oxford, Oxfordshire, OX2 9GG Investsnent managers Cazenove Caprtal Management Limited, 6 Worcester Street. Oxford. OX12BX Page 1

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..10 GMT (UTC 4OID IM P4M4 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The TNstees (who are also directors of the charity for the purposes of the Companies Act 20061 present their annual report together wrth the audited financial statements of Homeless Oxfordshire Limited for the year ended 31 March 2022. The Trustees confim) that the Annual Report and financial statements of the charity comply wth the CLtrrent statutory requirements, the requirements of the charitrfs goveming document and the provisions of the Statement of Recommended Practice ISORPI Accounting and Reporting by Charities" issued in October 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT Homeles5 Oxford5hire Ltd I'lhe chaTiWI is a registered charity Icharity number 2978061 and a company limited by guarantee Icompany number 021641501. The charity was incorporated on 15th September 1987 a5 Oxford Night Shelter Limited. On the 4th November 2009 the name changed to Oxford Homeless Pathways Limited by special resol¥Jtion. On 22nd November a subsequent special resolution was passed to confirm the current operab.ng name of Homeless Oxfordshire Ltd. The company has two wholly owned subsidiaries. Reconnect Oxfordshire Ltd 10788419 incorporated on 25th May 2017 and Hox Shop Ltd 13559343 incorporated on 11th August 2021. which aTe used for training and social enterprise activitses respectively. The governing documents are the Memorandum and Articles of Association. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Infomial skn115 audit processes govern the selection of Trustees and appointments are made in accordan￿ with the Articles of Association by re￿ipt and approval of an application for membership. Trustees are required to sign documentation confimiing their eligibilty to 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 comprise5 observer5 and advisots provided by Oxford City Council from time to lime. ORGANISATIONAL STRUCTURE AND DECISION MAKING The overall responsibility for the charity rests wrth the Board of Trustees, who are also appointed as directors of the charitable company. AuthTrity 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 lo monitor the ongoing Covid 19 position both intemalty and extemally and update our risk profile and procedures accordingly. As a provider of front-line services, we will always need to work on site. Stawng vigilant lo the ongoing challenges of the changing Covid landscape is key, and we offer hybrid working environment to those roles who do not deliver front line service, as we've clearly seen the benefits of retuming to fa￿ to face work. Page 2

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..11 GMT (UTC 4OID IM P SM4 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 other Risk Areas The charity is aware of non-financial risks presented by events and their ouicomes that may have a significant effect on.. Operational perfomian Achievement of aims and objectives Meeting expectations of stakeholders The organization has considered those majoT risks lo which it is exposed and systems have been designed to mitigate those risks. Regular reports are brought lo Ihe Board of Trustees. Close review of the finances and reseNes are undertaken. Al operational and building risk assessments are reviewed annually, with routine regular inspections al frequent Inte￿al$. Specific staff members have been identified as having health and safety and safeguarding responsibilities. Al monitoring requirernenls are adhered to, wÉlh quarterly reports submitted to funders as per specific individual arrangements. A Busines5 Continuity 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 propety assets but these funds are not available for general charitable expenditure. The Trustees also note that its fixed assets generate ongoing maintenance and repairs cost for the charity. There is a nolice period built into each funding agTeemenl Iusually rninirnuTn three months) whith would allow time to wnd down services. Thi5 serves as proteclion against Homeless Oxford5hire becoming insolvent,. in addition, insurance provides cover against inability to provide services because of damage to buildings elc. The risk lo 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 variance monitoring procedure is also mainlained. POLICIES AND OBJECTIVES The charity continued to be govemed by its agreed Mission, Mms and Objectives during the year. These are as follows.. Our mission- To provide short temi accommodation th access lo high qualty support and initiatives that enable homeless people to have a safe space in which they can begin to take control of their own lives. Ouraim: The tharit￿5 aitn is through the PFQVlSiQn of a wide lange of different type5 of acwmtnrjdalion homeless people will learn how lo manage a tenancy, have improved seifesteem. a more positive self-identity and gain the skills that wqll enable them to move on. live and succeed wth greater independence. Our objeclivas: Swft. effective. creative and lasting responses that support single people who find themselves homeless. induding.. Providing a range of housing with high quality support. creating individual solutions to individual needs. Encouraging and supporting homeless people to take up training, education and activities. The provision of a facility for the work of the Luther Street Medical Practice. Inlluencing public provision and wlicy by highlighting the social impact of our work. Working in partnership to best meet the needs of homeless people. Page 3

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..11 GMT (UTC 4OID IM P6M4 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Raising awareness and reducing the stigma of homelessness and becoming the charity of chThce 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 173 beds throughout our organization. VALUE STATEMENT Homeless Oxfordshire is a value led charity. Values drive our work- they guide the way we work wth our clients. wthin our communities and Moth each other. We strive to be effective, to challenge per￿ptionS and systems. We inspire dients. our partner5 and each other. We are responsive lo need and compassionate. Above all we are brave and wll not give up on people that society may have left behind. PUBLIC BENEFIT The Trustees take into account the Charity Commission guidance on public benefft and believe that the activities of the charity are in line with that guidance. REVIEW OF ACTIVITIES With 35 years, experience, 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 strong track record of providing a range of specialist services within a psychologically infom)ed environment and managing a significant portfolio of accommodation to meet these needs. All of our charitable activiknes focus on supporting single homeless people to develop the skills and resilience to bring about change in their lives. As the largest provider of accommodation for single homele55 people in Oxfordshire each night we provide beds for 173 people. Through 11 innovative housing projects, we provide a range of support to help people re-build their lives. Our projects indude.. Housing First. Commissioned by the City Council this project provides 5 self-contained studios or flats for people who have been entrenched rough sleepers using the Housing First principles in relation to support. Sapling. Commissioned by Public Health this project provides 7 bed spaces for dients who are in recovery from drug andlor alcohol dependency and have completed a peric￿ of residential detox treatment or rehabilitation. Vineyard. Commissi¢xed by the County Counal this project provides 14 bed spaces for clients in the Soulh & 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 wth 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 dients that may have been rough sleeping and who have complex needs. Due to the ongoing effects of the Covid pandemic, however. we are now operating this as a 50 bed unit by reducing our double occupancy rooms to single use only Mawle Court. This is a new project based in Banbury Mthich we took over in late 2021. CheNell District Council commission 10 of the 28 beds at this site, with a further 4 being move-on. There are an additional 14 beds which are not currently commissioned. Page 4

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..12 GMT (UTC 4OID IM P7144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 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 Chenvell and Vale of While Horse and South Oxfordshire Districts. It has been a challenging year for HO, as it has for many charities, but, thanks to our excellent and dedicated staff, we remain resilient and continue lo provide excellent services for those most in need_ During 202112022 we spent considerable time and effort preparing for the launch of the Oxfordshire Homelessness Alliance, a new commissioning arrangement throughout the County. Homeless Oxfordshire is one of six SeN1￿ providers, along with the LNed Experience Advisory Forum to make up this Aliance. The Alliance officially began on 1st April 2022, and represents a strategic shift in the approach to supporting vulnerable aduhs witlKXrt a home throug1￿￿1 the County of Oxfordshire. During this year. we have continued to explore one of our key strategic aims.. to wden our reach and bring services into the ChepNell District of Oxfordshire. We were able to take a significant step towards this by becoming managing agents of a former youth provision Sile in central Banbury. This 28-bed unil represents an opporiunity to further develop our service reach and establish new partnerships with commissioners. Whilst the proiect is still being established. it deady represents a significant opportunity to support more clients across the entire County. Another of our strategic priorities focusses on increasing the number of properties we own. We have developed relationships wth soctal propety investors which wll enable us to access capital in order to acquire new property. This new propety wll be owned by the charity, and will transform our existing portfolio. which is mainly rented through private sector landlords. This ￿￿11 not only add to our asset base. but it ￿111 give our Organization the ability lo accommodate clients in new geographical areas in properties that cater for a variety of needs. This year we continued our search for viable properties. The pandemic's impact on the housing market has been significant. house prices have risen sharpty, making acquisitions more difficult and less valuable operationally, as the same budget as two years ago now buys smaller units and less bed space. However, our worf( this year has made it clear we will abNays need a variety of houswig options, and the deasion to hand back several privately rented properties has lowered our rental costs with¢xrt any resulting operational issues. making it clear acquiring more of our own properties is the right approach. Homeless Oxfordshire's longer temi strategic aim is to maintain and develop a charity that is- Resilient: By continuing to meet the needs of some of the m05t vulnerable members of our communty at a time of change and financial insecurity. Outcome and impact focused: In an outcome driven culture il is Imperab"ve that Homeless Oxfordshire can highlight its posib've contribution to the lives of vulnerable homeless people in an authentic and appropriate way. EvIden￿ng our value and impact will enable us to be both competitive ft)r fur¢ding and raise our profile wthin our communities. Able lo meet the need: We will continue lo understand and respond to need through collaboration with se¥vice- 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 opportunitses for social property investment. extending our reach outside of Oxford City. INVESTMENT ACTIVITIES Surplus monies are invested in line wth the Charity's investment policy wth Cazenove Capital Management. Market value of the investments at 31 March 2022 is £555,S4912021.. £505,634). Page 5

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..12 GMT (UTC 4OID IM PW44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 FACTORS IN AND OUT OF CHARITYS CONTROL The financial climate remains very insecure for on%oing and sustainable public authority funding. We do not yet know the fvll impact of the coronavirus in temis of client need or in temis of a changed financial landscaFe. RESERVES POLICY The charity segregates its fvnds into restricted and unrestricted funds. The fixed asset fiJnd refiects the chariV$ investment in properties. The general fvnd and fixed assets fund provide sufficient assets to safeguard the future of the charity duiing this period of restructuring. The pension resetve reflects the accounting valuation deficit on the chariws defined benefit pension scheme. On a funding basis the scheme is not in deficit and therefore no assets are held against the pension reseNe. Total funds of the charity as at 31 March 2022 were £1.891,310 being £180,214 restricted fiJnd5 and £1,711,096 unrestricted funds. Within unrestricted funds are designated funds of £897,982. including a fixed asset fund of £851,682 which reflects the charitys investment in properties to safeguard the future of the charity- Aso wthin unrestricted funds is a pension reserve of £416,000 which refiects the accounting valuab.on on the charitys defined benefit pension scheme. The balance of unrestrFCted reserves is £397,114 which can be considered to be free reserves. The charity is updating its reserves policy against which this figure will be compared. The Board considers the value of free reserves to be a reasonable burrer against adverse operating conditions albert potentially insufficient in an extreme event. The finance committee has recommended a number of remedial actions to lake, and these can be enacted once the policy has been formalised. PAY AND REWARD Homeless Oxfordshire is committed to transparency and legal compliance. The Charity aims to pay ils staff in an equitable and consislenl manner al a level which promotes recruitment and retention in a high cost area. A benchmarking exercise was carried out during the year resulting in a minimum pay increase of 5% across the board. Addilionally it was agreed that Homeless Oxfordshire is now an Oxford Living Wage employer and so all staff are paid at this rate or higher. Homeless Oxfordshire provides a supportive and ￿ring environment for its staff together with opportunities for personal and professional development. During the year we have continued to invest in staff by introducing new reflective practice for frontline staff, launching an online Human Resources platform, begun to reviewng job descriptions across the organiL￿1On, and conducted a series of wellbeing survey3. The comparator markets for Homeless Oxfordshire are the local and national homeless hostels, loating support services and supported housing Projects. The values of Homeless Oxfordshire are reflected in Job Descriptions and Person Speaficalions lor all roles within the organization. As such, it is dear lo 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 ongoing challenges of the Covid pandemic, which has resulted in a small surplus for the year of £3.603 12021= loss of £1,093). We have also recognised an actuarial gain of £326,00012021.. loss of £226,000) on the deffined benefit pension scheme. This resulted in a total surplus for the year of £329,60312021: loss of £227,093). Page 6

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..13 GMT (UTC 4OID IM P 9M4 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 GOING CONCERN After making appropriate enquiries and with income improving and a reduction in costs, the Trustees have reasonable expectation that the charity has adequate funds and future income to continue for the foreseeable fijture. For this reason they ￿ntinue to adopt the going concem basis in preparing the financial statements. PRINCIPAL FUNDING Main sources of funding for the charity are.. Housing 8enefit Oxford5hire County CouncAI l Oxford City Council commissioned income Oxford City Council, through the Prevention of Homelessness Grants General fundraising All money received by the charity from these income sources is spenl on fulThlling the charivs objectives. The largest per￿ntage of income is spent on support staff salaries, though a significant amount is also spent on the running of properties from which it operates {O'Hanlon House and various community properties) which are used to house homeless people and thus fulfil the objectives of the charity. FUNDRAISING ACTIVITIES As we continue to emerge and adjust from the pandemic, fundraising remairbed drfficutt in 2021-22 raising respectable £323,53512021= £328,008) wth Individual Giving continuing to be the strongest Income stream. The 2021-22 fiscal year was challenging due to ongoing internal changes combined with an increasing uncertain extemal environment. Another factor was the Fundraising team's reduced resources due to intemal promotions. matemity leave, and staff lumover. 2022-23 Fundraising strategic aim5 include= Rebuilding the fundraising team wth a focus on key areas such as Individual Giving. Corporate Partnerships. Major Gifts, and Grants and Trust. Raising £500,000 through the development of the aforementioned In￿Me streams Improving communications, edu&ition, and brand recognition Providing homeless people wth a voice through storytelling and impact Brand awareness and communication across all platfomis is growng and strengthening. and benchmarking and analWics allow us to disseminate clear and engaging organisational messaging. Volunteering has been drastically reduced as a resuh of Covid- however, during 2022-23, we wll be introducing new volunteering opportunities in collaboration wlh the Client Engagement Coordinator. with a focus on coproduction wth our residents. Homeless Oxfordshire is now a member of the Fundraising Regulator, and we follow the standards outlined in their fvndraising code of practice. Homeless Oxfordshire has never engaged in any of the invasive fundraising practises that have been reported in the media as causing annoyance and distress lo many people, such as phone or door-to-door fundraising. We have never used Ihird-paty fundraisers or commeraal participants, nor have we purchased or sold personal data or mailing lists from any source. Homeless Oxfordshire has not shared any of our supporters. or members. ￿rsonal infomation with third parties. We have aNvays tried to be open and honest in all of our fundraising. never putting undue pressure on our donors. Page 7

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..13 GMT (UTC 4OID IM P 11%44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Employees and volunteers work together to raise fijnds. Individual fundraising communications are limited to known supporters. Internally, the frequency of communication is also monitored. The maximum number of fijndraising communications per year is four, bul in practice, this number is frequently lower. Such communications are typicalty sent via direct, personally addressed email, wrth dear instructions on how to opt out of future mailings. There were no formal complaints. INVESTMENT POLICY Surplus monies are invested in line wth the charitys 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. DONATIONS IN KIND The charity aCkno￿edge5 the contribution of donation5 and gifts in kind from local businesses, communty groups. and members of the public. Donations of food and practical rtems are passed on lo service users in the project CK to those who have been recently resettled and are being supported in their own accomnTr)dation. FUNDS HELD AS CUSTODIAN Homeless Oxfordshire on occasion acts as custodian trustee, holding small amounts of dients. monies for safekeeping, on request. Such money, totaling no moTe that £5CH) at any one time. 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 time when this Trustees. Report is approved has confirmed that.. so far as that Trustees are aware, there is no relevant audrt inlornation of ￿lch the charitys auditor is unaware, and Trustees have taken all the steps that ought lo have been taken as Truslees in order to be aware of any informats'on needed by the charitys auditor in connection with preparing ils report and lo establish that the charitys auditor is aware of that infomiation. TRUSTEES, RESPONSIBILITIES STATEMENT The Tnjslees (who are also directors of Homeless Oxfordshire Limited for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United ￿ngdoM Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charitsble company and of the incoming resources and application of resources. including the income and expenditure. of the charitable company that period. In preparing these financial statements, the Tnjstees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the finanual statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. Page 8

VkiuaBunatLnTrarffjxlvM Ref. OCH&GVG34W8K 31 Crt2022 15..16..14 GMT (UTC +O}D 1M P 11144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable compan￿$ transactions and disclose vdth reasonable accuracy al any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Ryan Cooke Chair Dale= 31 Oclober 2022 Page 9

VrbJJkgunurvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..14 GMT (UTC 4OID IM P 12144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED Opinion We have audited the finanual statements of Homeless Oxfordshire Limited Ilhe 'chariWI for the year ended 31 March 2022 which comprise the Statement of financial activities. the Balance sheet, the Statement of cash flows and the related notes. including a summary of signifficanl accounting policie5. The financial reporting framework that ha5 been applied in their preparation 15 appliGa14e law and United Kingdoni AGCOUtrting Standard5, inGluding Financial Repottng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdcn Generally Accepted Accounting Practice). In our opinion the financial staternents= give a true and fair view of the slate of the charitable companys affairs as at 31 March 2022 and of rts incoming resources and application of resources, including its income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirement5 of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wth Intemalional Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther 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 requirement5 that are relevant to our audit of the financial statements in the United lthngdom. including the Financial Reporting Counal's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our cpinion. Conclusions relating to going concern In auditing the financial slatements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the ffinan￿al statements is appropriate. Based on the woth we have perfom)ed. we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least trNelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wth respect to going concem are described in the relevant sections of this rewL Page 10

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..15GMT (UTC 4OID IM P 13144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED {CONTINUED) Other information The other infomiation comwises the infomation included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other infomalion ts)ntained within the Annual report. Our opinion on the finanGial 5tatenients does nol Gover the other infortnation and. except to the extent othetwse explicilly slated in our report. we do not express any fomi of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be malerrally misstated. If we identrfy such material inconsistencies or apparent material misstatements. we are required to detemiine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we condude that there is a material misstatement of this other informats"on, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion. based on the wort undertaken in the course of the audit.. the infomiation given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Tru5tee5' Rewrt has been PTepared in ac(L)rdance with applicable legal requiTernents. Matters on which we are required to report by exception In the light of our kno￿edge and understanding of the charitable company and its environment obtained in the COUTse of the audit. we have not identified material misstatements in the Trustees. Report. We have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires us lo report to you if. in our opinion- adequate accounting records have not been kept, or retLtrns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement wth the accounting records and retums" or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit- or the Trustees were not entitled to prepare the financial statements in accordance wqth the small companies regime and take advantage of the small cornpanies. exemptions in preparing the Trustees. Report and from the requirement to prepare a Strategic Report. Responsibilities of trustee5 As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the Purposes of company lawl are responsible for the preparats.on of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees delemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial stalemenls, the Trustees are responsible for assessing Ihe charitable companys ability to continue as a going concem. disclosing, as applicable. matters related lo going concem and using the going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Page 11

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..15GMT (UTC 4OID IM P 14144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED {CONTINUED) Auditors. rosponsibilities for the audit of tha financial ststem6nis Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an Auditors. report that includes our opinion. Rea50nable assuran￿ is a high level of a55uranGe, but 15 not a guarantee Ihat an audit conduGted in accordance ISAS {UK) will apways detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually OT in Ihe aggregate, they could reasonably expected to influence the economic decisions of users taken on the basis of these financial 5ts1ements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line wth our responsibilib"es, outlined above, to detect material misstatements in respect of irregularib"es, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Enquiry of management and the Trustees around actual and potential lrtigation and claims,. Enquiry of entity staff in housing and compliance functions to identify any instances of non-compliance with laws and regulations- Reviewng minutes of meetings of the Trustees- Reviewing financial statement disclosures and lesting to supporting documentation to assess compliance th applicable laws and regulations., Perfomiing audit work over the risk of management ovefride of controls, inc4uding testing of ioumal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the nolmal course of bu5ine55 and revi•ving ar￿Unting e5tirnates for bias. A further descripts'on of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. wfvw.frc.o -ukJaudilorsres n￿bIlIties. This description foms part of our Auditors. report. Usa of our report This report is made solely to the charitable compan15 members. as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companls members those matters we are required lo state to them in an Auditors. report and for no other purpose. To the fvllest 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 audii work, for this report, or for the opinions we have formed. Mike Bath MA FCA DChA (Senior statutory auditor) for and on behalf of James Cowper Kreston Chartered Accountants and Statutory Auditor 2 Chawley Park Cumnor Hill Oxfoid Oxfordshire OX2 9GG Dale= 1 November 2022 Page 12

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..16 GMT (UTC 4OID IM P 1&44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitable activities 323,535 2,588.432 11,420 323,535 3,237,182 11,420 328,008 3,291,074 11,574 648,750 Investments Total income 648.750 2,923,387 3.572,137 3,630.656 Expenditure on: Raising funds Charitable ath"vities 133,760 2,810.378 133,760 3,464,398 163,879 3,540,797 654,020 Total expenditure 654.020 2,944,138 3,598,158 3,704,676 Net expenditure before net gains on investments Net gains on investments Net movement in funds before other recogni$ed gain$l{losses) (5,2701 120,751) 29.624 {26,0211 29,624 174,020) 72.927 (5,2701 8.873 3,603 (1,093) Other recognised gainslllosses): Actuarial gainslllossesl on defined benefit pension schemes 21 326.000 326,000 1226.000) Net movement in funds (5,2701 334.873 329,603 1227,093) Reconciliation of funds: Total funds brought fotward Net movement in fvnds 185.484 (5,2701 1.376.223 334.873 1.561,707 329,603 1.788.800 1227.093) Total funds carried forward 180,214 1,711.096 1,891,310 1,561,707 The notes on pages 17 to 42 fom part of these finan￿al statements. Page 13

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..16 GMT (UTC 4OID IM P 1&44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) REGISTERED NUMBER: 02164150 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Fixed assets Tangible assets Investments 10 1,020,202 555,549 1,098,270 505,634 1,575.751 1,603,904 Current assets Debtors 12 362,528 574,834 219.701 624,050 Cash at bank and in hand 937,362 843,751 Creditor5.' amounts falling due wthin one year 13 {172,2431 1104.9731 Net current assets 765,119 738.778 Total assets less current liabilities 2,340,870 133,560) 2,342,682 162,9751 Provisions for liabilities 14 Net assets excluding pension liability 2,307,310 2,279,707 Defined benefit pension scheme liability 21 (416.000) 1718.000) Total net assets 1,891,310 1,561.707 Charity funds Restricted funds 15 180.214 185.484 Unrestricted funds Unrestricted funds exduding pension liabilty Pension reserve 15 15 2,127,096 1416,0001 2,094,223 1718.0001 Total unrestricted funds 1,711.096 1,376.223 Total funds 1,891,310 1,561.707 Page 14

VkiuaBunatLnTrarffjxlvM Ref. OCH&GVG34W8K 31 Crt2022 15..16..17GMT (UTC +O}D 1M P 17144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) REGISTERED NUMBER: 02164150 BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2022 The financial statements have been prepared in accordance wth the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Ryan Cooke Dale= 31 October 2022 The notes on pages 17 to 42 fomi part of these financial statements. Page 15

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..17GMT (UTC 4OID IM P 18144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Noi8 Cash flows from operating activitios Nel cash used in operating activities 18 (5,729) 163,362 Cash flows from investing activities Dividends and interests from investments 11,420 134,615) 65.845 186.137} 11,574 160,259) 153,686 1149.270) Tangible fixed asset additions Proceeds from sale of inve5trnents Purchase of investments Not cash used in investing activitios 143.487} 144,2691 Cash flows from financing activities Net cash provided by financing activities Change in eash and cash equivalents in the year 149.216) 119.093 Cash and cash equivalents at the beginning of the year 624.050 504.957 Cash and cash equivalent$ at the end of the year 19 574,834 624,050 The notes on pages 17 to 42 fom part of these )Inancial statements Page 16

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..18 GMT (UTC 4OID IM P 19144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polieies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 2019}, the Finanaal 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 inf(ially recognised at historical cost or transaction value unless othetwsse stated in the relevant accounting policy. The financial statements are presented in Sterfing, the functional currency of the Charity. and are rounded to the nearest pound Steding. 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 oXf￿dShire Liinited is a cliarity incorporated and domi(#led in England and Wales with registered number 02164150 and charity number 0297806. The chari￿s registered office is O'Hanlon House. Luther Street. Oxford. Oxfordshire. OX1 1 UL. 1.3 Fund accounting General funds are unrestricted funds Nthich 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 set out in the notes to the financial statements. Restricted funds are fvnds which are to be used in accordance with specific restrictÈon$ 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 SFecific fvnd. The aim and use of each restricled fund is set out in the notes lo the financial slalemenls. Page 17

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..18 GMT (UTC 4OID IM PW44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polieies {continuodl 1.4 Income AJI income is re￿nISed once the Charity has entitlement to the income, it is probable that the inconie wll be ￿e￿l¥ed and the atnount of iTrGome reGeivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlitlemenl, the probability of receipt and the ability to estimate with sufficient accuracy the amount r￿1vable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gfft has been left to them (through knomdedge of the existence of a valid wkll and the death of the benefactor} and the executor is satisfied that the propety in question wll not be required to satisfy daims in the estate. Receipt of a legacy must be recognised '¢then it is probable that it wll be received and the fair value of the amount receivable. which will generally be the expected cash amount lo be distributed to the Charity, can be reliably measured. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during Ihe period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt. its recognitson is deferred and included in creditors as deferred income. Where entitlement occurs before income is received. the income is accrued. Donated services or faalities are recojnised when the Charity has control over the item. any conditions assoaated wth the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain service5 or facilitie5 of equlvalent economic benefft on the open market" a corresponding amount is then recognised in expenditure in the period ol receipt. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. other income is recognised in the period in which it is receivable and to the extent the gcx)ds have been provided or on completion of the service. Rental income, including Housing and other benefits. is accounted for on a receivable basis in line with nights. accomodation provided. Page 18

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..19GMT (UTC 4OID IM P 21144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polieies {continuodl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party, it 15 probable thal a transfer of eGOllOtniG benefits will be required in 5ettletnent and the amounl of the obligation can be measured reliably. Expenditure is classified by activity. 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 cost5 which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned betrween those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciab.on charges allocated on the porb.on of the assefs use. Govemance costs are those incurred in connects'on wth administrats'on of the Charity and compliance ith constitutional and sta￿tOry requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Govemance costs are costs incurred on the Chartvs educational operations, including support costs and cost5 relating to the governance of the Charity apportioned to charitable activities. No amounts are included in the financial statements for services donated by volunteers. AJI expenditure is indusive of Irrecoverab￿ VAT. 1.6 Tangible fixed a558ts and depreciation A review for impaiTment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls betsveen the carryng value of fixed assets and their recoverable amounts are recognised as impaimienls. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account. Tangible fixed assets are carried al cost, net of depreciation and any provision impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value. over their expected useful lives. Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible fixed a5set5 are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of c05t. Page 19

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..19GMT (UTC 4OID IM P22144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polieies {continuodl 1.6 Tangible fixed assets and depreciation {cominued) Depreciation is provided on the following bases= Land and buildings- freehold and long leasehold Leasehold improvement5 Motor vehicles Fixtures and fitbngs Computer equipment 2% straight line 10% straight line 33% straight line 33% straight line 33% straight line Certain freehold land and buildings are not depreciated as, in the opinion of the Trustees, the property is worth more than ils nel book value, and as such. any depreaation charge would be immaterial. Although this treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated this is. in the opinion of the Trustees. necessary in order to give a true and fair view of the asset's true value. 1.7 Invesimants Fixed asset investment5 are a fom of financial instrument and are initially recognised al their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impaimient. Investment gains and losses. whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial activities. Investments in 5ub5idiarie5 are valued al c05t less provision for impairment. The investments in the subsidiaries Reconnect Oxfordshire Limited and Hox Shop Ltd ares not material to these financial statements and as such are not recognised on the Balance Sheet. The results of the subsidiaries are not material lo the Charity and the Charity has therefore not prepared consolidated financial statements. Reconnect Oxfordshire Limited has the company registered number 10788419 and Homeless Oxfordshire Limited holds 1CQQA of the issued share capital of Reconnect Oxfordshire Limited. Hox Shop Ltd has the company registered number 13559343 and Homeless Oxft)rdshire Limited holds 100% of the issued share capital of Hox Shop Ltd. 1.8 Oporating leases Rentals paid under operating leases are charged to the Statement of financial activities on a slraight line basis over the lease lem. 1.9 Interest receivable Interest on fijnds held on dep051t is included when receivable and the amount can be measured reliably by the Charity. This is nomially upon notrfication of the interest paid or payable by the Bank. 1.10 Debtors Trade and other debtors are recognised at the settlemenl amount after any trade discount offered. Prepayrnents are valued al the amount prepaid nel of any trade discounts due. Page 20

VrbJJkgunurvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..20 GMT (UTC 4OID IM P23144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polieies {continuodl 1.11 Liabilitias Liabilities and provisions are Tecognised Mthen there is an obligation at the Balance Sheet dale as a result of a past evetrt. it is probable that a transfer of eGC￿0[niG benefit wll be required in setuement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime 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 swfic to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 1.12 Pensions The Charity operates a defined benefrt pension scheme and the pension charge is based on an actuarial valuation dated 31 March 2022. The Local Govemmenl Pension Schemè is a funded scheme and the assets are held separately from those of the Charity in separate trustee administered funds. Pension scheme a55ets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit methcJ and discounted at a rate equivalent to the current rale of retum on a high quality corFX)rate bond of equivalent term and currency lo the liabilities. The actuarial valuations are obtained at least triennially and are updated al each Balance Sheet dale. The amounts charged to operating surplus are the current 5eTvice costs and the ￿515 of scheme introduction5, benefit changes. settlements and curtailments. They are included as part of staff costs as incurred. Net interest on Ihe net defined benefit liabilitylassel is also recognised in the Statement of Financial Activities (incorporating an Income and Expenditure Account) and comprises the interest cost on the defined benefit obligation and interest income on the scheme assets, calculated by muttiplyng the fair value of the scheme assets at 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 retum 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. 1.13 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highly liquid investments wth a short maturity of three monlh5 or less from the date of acquisition or opening of the deposit or similar account. 1.14 Financial instrurnents 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 subsequenlty measured at their settlement value wth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 21

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..20 GMT (UTC 4OID IM P 24144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Judgements in applying accounting policies and key sources of estimation uneertainty Estimates and judgments are continually evaluat￿4 and are based on historical experience and other factors. including expectstions of future events that are believed to be reasonable under the Circumstances. Critical accounting estimates and assumptions.. The Charity makes estimate5 and assumptions conceming the future. The resuhing accounting estimates and assumptions will, by definition. seldom equal the related actual results. The e5timale5 and assumptions that have a significant risk of causing a material adjustment to the carrwng amounts of assets and liabilities wqthin the next financial year are discussed below. Pensions The present value of the Local Govemment Pension Scheme defined benefrt liabilty depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the nel cost (income) for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 21. will impact the carrwng amount of the pension liability. Furthemiore. a roll fopNard approach Mthich projects results from the lalesl full actuarial valuation perfom)ed at 31 March 2021 has been used by the actuary in valuing the pensions liability at 31 March 2022. Any difference5 betrween the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrwr¥J amount of the pension liability. Tanaible fixed assets Tangible fixed assets are depre￿ated over their useful lives taking into account residual values. where appropriate. The actual lives of the assets and residual values are a5se5sed 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 value of the liabilty In respect of the dilapidations required, following the end of the operating lease commitrnenls using their knoNrfedge of the amendments made to the structure of the buildings and the dilapidation rates in the mathet. Page 22

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..21 GMT (UTC 4OID IM P2&44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Ineoma from donations and legacies Unrestricied funds 2022 Total funds 2022 Total funds 2021 Donations 279,223 279.223 295.240 6.646 26.122 Legacies Grants 44,312 44.312 Total donations andlegaeies 323,535 323,535 328,008 Total 2021 328,008 328,008 Income from charitable activitios Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Rent and housing benefrts Public authority funding Rental income 2.175,042 367,190 46,200 2,175.042 1.015.940 46.200 2.127.634 1.103,518 59.922 648,750 Total 2022 648,750 2,588,432 3,237,182 3,291,074 Total 2021 521,481 2,769,593 3,291.074 Page 23

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..21 GMT (UTC 4OID IM P2W44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Investmenl income Unrestricied funds 2022 Total funds 2022 Total funds 2021 Investment income 11,257 163 11.257 163 11.399 175 Bank interest Total 2022 11,420 11,420 11,574 Total 2021 11.574 11,574 Analysis of oxponditure by activities Support costs 2022 Total funds 2022 Total funds 2021 Direct costs 2022 Total expenditure on charitable activities 1,977,883 1.486.515 3,464.398 3.540.797 Total 2021 1,824,687 1,716,110 3,540,797 Page 24

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..21 GMT (UTC 4OID IM P27144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of oxponditure by activities (continued) Analysis of direct cosis Total funds 2022 Total funds 2021 Activities 2022 Pension finance costs 15,000 1,540,091 139,545 99,811 88,310 14,559 35,287 21,945 23.335 15.000 1.540.091 139.545 99.811 88,310 14,559 35.287 21.945 23.335 11,000 1.418.203 122.479 114,832 95,205 27,974 12,676 22.318 Staff costs Fcrf)d and household Laundry and cleaning Heat and light Welfare activities Agency c051s Donations in kind Legal and professional Total 2022 1,977,883 1,977.883 1,824.687 Total 2021 1,824,687 1,824.687 Page 25

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..22 GMT (UTC 4OID IM P28144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of oxponditure by activities (continued) Analysis of support costs Total funds 2022 Total funds 2021 Activities 2022 Depreciation Property management costs Stsff training Travelling Rent and rates 112,681 101,951 20,151 14,435 562,651 299,046 112.681 101.951 20.151 14.435 562,651 299,046 178,071 120.540 7.904 12,511 718,124 372,105 Repairs and maintenance k iii Insurance 27,906 33,701 1,811 161,088 23,572 3,113 2,880 36,652 74.296 10.581 27.906 33.701 1.811 161.088 23.572 3.113 2.880 36.652 74.296 10,581 31,202 34.379 1.829 99,490 26.237 3.901 2.591 25,155 71,812 10,259 Telephone Sundry and administration charges Legal and professional Recruitment Bank and investment charge Printing and stationery Computer consumables Oxford Homeless Medical Fund Governance costs Total 2022 1,486,515 1.486.515 1,716.110 Total 2021 1,716.110 1,716.110 Fundraising costs 2022 2021 Wages and salaries National insurance 67,795 6.277 2.034 57.654 125,443 4,127 1,161 33.148 Pension costs Other fundraising costs 133.760 163.879 Page 26

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..22 GMT (UTC 4OID IM P29144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Auditors. romuneration 2022 2021 Fees payable to the Charitys auditor for the audit of the Charitys annual accounts 9,000 6,500 Staff costs 2022 2021 Wages and salaries Soaal security costs Contribution to defined contribution pension schemes Operating costs of defined benefit pension schemes 1.439.512 128,306 35,379 13.000 1.373.393 126,880 36,661 12.000 1,616.197 1,548.934 The average number of persons employed by the Charity during the year wa5 a5 follows.. 2022 No. 2021 No. Total 61 66 No employee received remunerakn.on amounting to more than £60,000 in either year. The key management personnel of the Charity comprise of the Trustees, the Chief Executive Officer. the Head of Finan￿. the Head of SeNices, the Head of Fundraising and the Head of Facilities. The total employee beneffts of the key management personnel of the Charity were £278,60612021= £255,331). Page 27

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..YJ GMT (UTC 4OID IM P W44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Tangible fixod assets Land and buildings Motor Fixtures and vehicles fittings Computer equipment Total Cost or valuation At 1 April 2021 Additions 2.235.053 5.500 815.636 149.662 34.615 3.205,851 34,615 At 31 March 2022 2,235,053 5,500 815,636 184,277 3,240,466 Depreciation At 1 April 2021 Charge for the year 1.252,758 34,378 3.361 1,833 717,951 61,428 133.511 15,044 2.10T,581 112,683 At 31 March 2022 1,287,136 5,194 779,379 148,555 2,220,264 Net book value At 31 March 2022 947,917 306 36,257 35,722 1.020,202 At 31 March 2021 982.295 2.139 97.685 16.151 1.098.270 The nel book value of land and buildings comprises freehold and leasehold properties as follow5.. 2022 2021 Freehold property Long-tem) leasehold propety 304.921 642.996 304.921 677.374 947.917 982,295 Page 28

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..YJ GMT (UTC 4OID IM P 31144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Fixed asset investments Listed investments Market val At 1 April 2021 Additions 505,634 86,137 165,2651 Disposals Revaluations At 31 March 2022 555.549 Listed investments as al 31 March 2022 are represented by equities of £303.21412021.. £282,162), fixed interest securities of £122,003 12021.. £129,448), portfolio funds of £25,685 12021.. £24,000) and altemative funds of £104,64712021'. £70,024). 12. Debtors 2022 2021 Due within one yoar Trade debtors 158.703 34,924 168,901 111,037 20,908 87,756 other debtors Prepayments and accrued income 362,528 219,701 Page 29

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..24 GMT (UTC 4OID IM P 52144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Craditors: Amounts falling due wilhin one year 2022 2021 Trade creditors Other taxation and social security Other credit￿$ 68,853 37.853 19.057 46.480 35,033 28.892 12.024 29.024 Accwals and deferred income 172.243 104.973 2022 2021 Deferred income at 1 April 2021 Resources deferred during the year Amounts released from previous periods 3.304 7,477 14,173) (3,304) 3,304 14. Provisions Dilapidation provision At 1 April 2021 Additions 62,975 33,560 {62,9751 Amounts used 33,560 The Charity has recognised a provision for the expected fvture cost to retum properties held under operats'ng leases to their original stale. The provision is expected to be ulilised upon temiination of the respective lea3es In the next financial year. Page 30

VrbJJkgunurvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..24 GMT (UTC 4OID IM P 544 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. stsiemeni of funds Staiement of funds - Current year Balance at 31 March 2022 Balance at 1 April 2021 Gainsl (Losses) Income Expenditur8 Unrestricted funds Designated funds Fixed asset fund Luther Street Medical Fund 923.836 46.300 34,615 (106,769) 851.682 46.300 970,136 34,615 (106.769) 897,982 Gen8ral funds Operating fijnd Pension reserve 1.124,087 1718,0001 2,888,772 12,813,369) 124.000) 29,624 326.000 1.229,114 1416,0001 406,087 2,888,T72 12,837,369) 355,624 813,114 Total Unrastricted funds 1.376,223 2,923,387 12,944.138) 355.624 1.711,096 Page 31

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..￿cMT (UTC 4OID IM P 34144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. stsiemeni of funds {continuad) Balanea at 31 March 2022 Balance at 1 April 2021 Gainsl IL05sesl Income Expenditure Restricted funds Medical Fund (Building) OCC Infection Control Grant 174.435 {5.913) (22.704) 135n (47,850) 115,950) 158,036) 183,574) (150,000) (39.518) (61.245) 112,150) 196.723) 120.000) (40.000) 168.522 22,704 1,000 47,850 15,950 58,036 83,574 150,000 39,518 61,245 12,150 96,723 20,000 40,000 Teresa Lane Donation Housing first Acacia Management Sapling Vineyard Project 41 Pre-recovery Women's Project SWEP Cherwell Oxford House Sanctuary Project Oxfordshire Co-operative Training Scheme 11.049 11.049 185,484 648,750 (654,020) 180,214 Total of fund5 1.561.707 3.572,137 13,598.158) 355.624 1.891.310 Page 32

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..￿cMT (UTC 4OID IM P 3Y44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. stsiemeni of funds {continuad) Staiement of funds - prior year Balance at 31 March 2021 Balance at 1 April 2020 Gainsl (Losses) Income Expenditure Unrestricted funds Designated funds Fixed asset fund Luther Street Medical Fund 1.035,734 46.300 60.260 (172,1581 923.836 46.300 1,082,034 60,260 {172,1581 970,136 Gen8ral funds Operating fijnd Pension reserve 989,369 I474.￿0) 3,048,915 12,987,124) 118.0001 72,927 1226.0001 1,124,087 1718,000) 515,369 3,048,915 13,005,124) 1153,0731 406,087 Total Unrastricted funds 1.597.403 3,109,175 13,177.2821 1153.0731 1.376.223 Page 33

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..26 GMT (UTC 4OID IM P W44 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. stsiemeni of funds {continuad) Balance at 31 March 2021 Balance at 1 April 2020 Gainsl (Losses) Income Expenditure Rostrictod funds Medi￿1 Fund (Building} Housing First Bemard 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 Oxforshire Ctroperalive Training Scheme 11,049 11,049 191,397 521,481 1527,3941 185,484 Total of funds 1.788.800 3,630,656 13,704.6761 (153.0731 1.561.707 Page 34

VrbJJkgunurvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..26 GMT (UTC 4OID IM P 37144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. stsiemeni of funds {continuad) Designat8d Funds Luther Str8et Medical Fund This represented monies designated to support the Oxford Homeless Medical Fund to provide medical care, counselling and welfare for the homeless in Oxfordshire and their families. Fixed assets fund These are unrestricted fund5 representing the assets of the Charity and are therefore not available for general charitable expenditure. This fund was created to prowde 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 fvnd and disclosed in note 10 are: 28 Bampton Close 76 Hockmore Tower 41 Ba￿eMaS Road 23 St Nicholas Street General Funds Operatino fund This represents three months operating costs to cover shortfalls in income againsl plan. loss of funding and working capital funding. Pension Reserve This represents the Local Govemment Pension Scheme defictt. Restricted Funds Medical Fund (Building) 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 centre investment. Oxford County Council IOCC) Infection Control Grant Providing personal protective equipment and other supplies to prevent and control the spread of the Covid-19 virus. Teresa Lane Donation To provide a Christmas thank you event for staff. Preventing Homelessness - Housing First Oxford City Council provided a grant in 2014 to fund support workers as part of the Housing First project. The projec continued during the year ended 31 March 2019. Acacia Management The purpose of this grant is to provide six flats for dients with complex needs. including mental health support. This is a joint project working wqth Response. Sapling The Sapling grant provides 5 beds for clients who are in re￿Very from drug andlor alcohol dependency and have completed a period of residential detox treatment or rehabililation. This project is funded through Public Health. Page 35

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..27 GMT (UTC 4OID IM P 38144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. stsiemeni of funds {continuad) Vineyard A 14 bed hostel in South Oxfordshire. Provides one bedrth)m flats. part of the adult homeless pathway. supporting clients on theirjoumey to independènt living. Project 41 This is an Oxford City Council funded project to provide 41 accommodation units for clients wth low- medium and medium-high 5UPPOrt 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-supwt group work, a programme of activities and a safe and secure environment supporting women to recover from their experiences of trauma and homelessness. Sovere Weathor Emorgoncy Protocol ISWEP) This grant provided accommodation and stsffing for the Winter Shelter initiatives to support rough sleepers in Winter. Cherwell Providing accomodation and support for Cherwell based dients. Oxford House This grant provides intensive. flexible and personalised support to help clients wth low to medium general need5 to maintain accommodation and improve their health and wellbeing. Sanctuary Project Transition funds for successful rel¢)cation of Cherwell dients into supported accommodation in Banbury. Oxfordshire Cowoperative Training Scheme The purwse of this restricted fvnd is lo fund the provision of training to front line staff within the homeless voluntary. residential sector. Bemard Sunley grant This grant was provided towards the costs of UFyJating 44 kitchenettes in 18 properties. 16. Summary of funds Summary of funds - current year Balance at 31 March 2022 Balance at 1 April 2021 Gainsl (Losses) Income Expenditure Designated funds General funds 970.136 406,087 185.484 34,615 (106,769) 2,888,772 12,837,369) 648,750 (654.020) 897.982 813.114 180.214 355.624 Restricted funds 1.561,707 3,572,137 13,598,158) 355,624 1,891,310 Page 36

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..27 GMT (UTC 4OID IM P 39144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Summary of funds {continuadl Summary of funds - prior year Balance at 31 March 2021 Balance at 1 April 2020 Gainsl (Losses) Income Expenditure Designated funds General fvnds Restricted funds 1.082,034 515,369 191,397 60,260 (172,1581 3,048,915 13,005,124) 521,481 1527,3941 970,136 406,087 185,484 1153,0731 1.788,800 3,630,656 13,704,676) 1153.0731 1,561,707 17. Analysis of net assets between funds Analysis of net assets between funds- current year Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investments 168.522 851,680 555,549 925,803 1172,3761 1449.5601 1.020.202 555,549 937,495 1172,3761 1449.5601 Current assets 11,692 Credrtors due wrthin one year Provisions for liabilities and charges Total 180,214 1,711,096 1.891.310 Analysis of net assets between funds - prior year Endowment fijnds 2021 Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset investments 174,435 923,835 553,049 785,287 1104.9731 1780.9751 1,098,270 505,634 843,751 1104.973) 1780.975) 47,415) 47,415 Current assets 11,049 Creditor5 due within one year Provisions for liabilities and charges Total 185,484 1,376,223 1,561.707 Page 37

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..27 GMT (UTC 4OID IM P￿41 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 18. Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Not incomoloxponditura for tho yoar las por Statemont of Financial Activities) 3.603 (1.093) Adjustments for: Depreciation charges Dividend5 and interest from inve5tment5 112,683 111,420} 129.624) (142.827) 67.271 24.000 129,415) 178,071 111,574) 172,612) 76.319 186,424) 18,000 62,675 Gains on investments {Increaseydecrease in debtors Increaselldecreasel in creditors Defined benefit pension scheme cost less contiiiwlions payable {Decreaseylncrease in provisions Net cash provided byl{used inl operating activities (5,729) 163,362 19. Anatysis of cash and cash equivalents 2022 2021 Cash in hand 574,834 624,050 Analysis of changes in net debt At 1 April 2021 Cash flows Al 31 March 2022 Cash at bank and in hand 624,050 149,216) 574,834 Page 38

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..28 GMT (UTC 4OID IM P41144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Pension commitments The Charity operates a defined benefit pension scheme. The Charity participates in the Local Government Pension Scheme ILGPSI ladminislered by Oxfordshire County Council), which 15 now closed to new members. The scheme is contributory. contracted out from the State Eamings Related Pension Scheme and provides benefits based on length of service and final pensionable salary. The LGPS is a funded defined benefit scheme. wth assets held in separate truslee administered funds. Contributions to the scheme were made in accordance wth advice from the actuary and in accordan with the Schedule of Contributions in place during the year. The scheme is valued on a triennial basis by qualified actuaries using the projected unil method. The levels of contribution take account of any actuarial surpluses or defiaencies in each scheme. The last actuarial value of the scheme assets was undertaken at 31 March 2021 and has been updated lo 31 March 2022 by a qualified independent actuary_ The value of the scheme assets was £1,997,000 compared to a fvnding target of £2.413,000. The shortfall of the assets relative to the funding target is therefore £416,000. For figures as al 31 March 2022, any new earfy retirements 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 contributions. which commenced with effect from 1 April 2014. The total payments made by the Charity during the year ended 31 March 2022 were £4,000, which are included with the total pension charge for the year. The expected level of additional contribution payments for the year ending 31 March 2023 is £nil. As at 31 March 2022, a number of the Charit￿$ staff participated in a pension scheme operated by the Pension Trust. This is a defined contribution scheme offered to staff under the aulo-enrolment njles. Employee conlribLrtions vary in line with the scheme rules and Homeless Oxfordshire Limited as the employer contributes an additional 10A above that which the staff rnember contribute5, UP to a maximum of 7%. During the year ended 31 March 2022. contributions payable by the employer amounted to £48,37912021: £37,7S9}. Prin￿paI actuarial assumplions at the Balance sheet dale (expressed as weighted averages).. At 31 March At 31 March 2022 2021 Discount rate 2.00 Future salary increases Future pension increases 2.85 2.85 At 31 March At 31 March 2022 2021 Years Years Mortalty rates lin years) - for a male aged 65 now - at 65 for a male aged 45 now - for a female aged 65 now - at 65 for a fernale aged 45 now 22.2 23.1 23.4 24.5 24.7 26.1 26.3 Page 39

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..28 GMT (UTC 4OID IM P42144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Pension commitments (eontinuadl The Charitys share of the assets in the scherre was: At 31 March At 31 Marth 2022 2021 Equities Gilts Corporate tonds Cash 1,457.000 340.000 160.000 40.000 1,296.000 347.000 110.000 72,000 Total fair value of assets 1,997,000 1,825,000 The actual retum on scheme assets was £153,OC4J (2021 - £318,￿)0). The amounts recognised in the Statement of Finan￿al Activities are as follows: 2022 2021 Current seNice cost 113,000) 36.000 151.000} 112,000) 34,000 145.000) Interest income Interest cost Total amount recognised in the Statement of Financial Activities 128.000} 123,000) Movements in the present value of the defined benefit obligation were as follows.. 2022 2021 Opening defined benefit obligation Current seryice cost Interest cost Changes in financial assumptions Conlribution5 by SGheme participants Benefits paid 2.543.000 13.000 51,000 (173,000) 1.000 122.000} 1.994.000 12.000 45,000 544,000 2.000 154,000) Closing defined benefit obligation 2,413.000 2,543,000 Page 40

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..29GMT (UTC 4OID IM P4￿41 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Pension commitments (eontinuadl Movements in the fair value of the Chariws share of scheme assets were as follows- 2022 2021 Opening fair value of scheme assets Expected return on assets Actuarial gain5 Contributions by employer Contributsons by scheme partiapants Benefits paid 1.825,000 36,000 153.000 4.000 1.000 122.000} 1,520,000 34,000 318,000 5,000 2.000 154,000) Closing fair value of scheme assets 1,997,000 1,825,000 2022 2021 Changes in financial assumptions Actuarial gain5 173.000 153,000 1544,000) 318,000 Actuaial gainslllosses) 326,000 1226,000) Oparatingloase commitments At 31 March 2022 the Chartty had commitments to make future minimum lease payments under r￿n- cancellable operating lease5 a5 follows= 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 263.367 274.559 313,672 416.807 58.889 537,926 789,368 23. Related party transactions The Charity has not entered into any related paty transaction during the year. n(￿ are there any outstanding balances owing btheen related parties and the Charity al 31 Mard) 2022 or 31 March 2021. Page 41

VrbJJkgun*urvTrarwoCbc￿ Ref. DCH64VG34W8K 31 Ckt2022 15..16..29GMT (UTC 4OID IM P44144 HOMELESS OXFORDSHIRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 24. Controlling party The Charity is under the joint control of the Trustees oversee all administration and operations that the Charity undertakes. Page 42