Charlty roglstratlon number 0297806
Company registration number 02164150 IEn9land and Wales)
HOMELESS OXFORDSHIRE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

HOMELESS OXFORDSHIRE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Kale Hood
Frank Webster
Anthony Al8x8nder
Robin Rogers
David-Huw Owen
David Cryer
Pamela Roberts
Clare Perilon
Carol Sweelènham
(Appointed 29 November 20231
(Appointed 13 March 20241
Chlof ex•cutive offi¢¢r
Simon H8Wetl-Avison
Charlty numbgr
0297806
Company number
02164150
Rt9bStered office
O'Hanlon House
Luther Slre8t
Oxford
OX1 1UL
Auditor
Critohleys Audit LLP
Beaver Hous8
23-38 Hylhe Bridge Street
Oxford
OX12EP
Invèstment managers
Cazenove Capital Management Limited
6 Wor¢esler Street
Oxford
OX1 2BX

HOMELESS OXFORDSHIRE LIMITED
CONTENTS
Page
Trustees, report
Slalement ol Trustees. respollsibililies
Independent auditor'5 r8POrt
9-12
Staternenl of financial activities
13
Balance sheet
14
St8t8m8nt of cash flows
Is
Notes to the financial stalements
16-37

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES. REPORT {INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Truste85 present their annual rgport and financial statements lor the year ended 31 March 2024.
Tho financial slalements have been prepared acc£Yd8nce with the accounting policies set out in note 1 to the
financial slalemenls and cotnply with the Charity's governing documeni, the Companies Act 2006 and "Accounting
and Reporting by Charit￿$.. Slatemenl ol Recolnmended Practice applicable to charities p￿parIng their accounts in
accordance with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021"
(effective 1 January 20191.
Objectives and activities
The charity continued to be governed by its agre8d Mission, Aims and Objectives during the year, These are as
follows..
Our mlsslon..
To provide short term aceomrnodalion with access to high qualily support and initiatives that enablo homeless
P60pI8 to have a sale space in which they can begin to t8ke control ol their own lives.
Our aim..
The charity's aim is through the provision of a wide rangè of different types of a¢comrnodation homele5S People will
earn how lo m8nage a tenancy. h8ve improved sell-e5teem, a MO￿ positive s611-id8ntity and gain the skills that will
enable Ih8m lo move on. live and succged wilh greater independen￿.
Our objeotlves..
Swift. effeclive, creative and lasting ￿SponSe8 that support sin9le p80ple who find themselves horreless, including..
Providing a range ol housing with high quality support. creating individual solutions lo individual needs.
Encouraging and supporting homeless people to lake up training, education and activities.
The provision of a facility lor the work of the Luther Street Medical Practice.
Influencing Put￿lC provision and policy by highlighting the soeial impact ol our work.
Working in partnership lo best meet the ne8ds of homeless peoplè.
Raising awareness and ￿dUcIng the stigma ol hornelessness and beeomillg the charity ol chole9 of local
peopl8.
These objectives were achieved principally through the provision ol O'Hanlon House Hostel and through a range ol
projects in our communily-based accommodation. We provide a total 01173 beds throughout our oroanisation.
Valuè Statem8nt
Homeless Oxfordshire is driven by a Sel of values and firm beliefs.
We are bold. There is always the potential for things tr> be different. We lake risks and challenge stigma.
systems, and discrimination.
We are inclusive. Everyone deserves a chance. We don't give up on people and always rèspond lo their
needs.
We care. We can make a difference. We use kindness and compassion when it is needed most.
Public Bgngflt
The Trust8es have paid due ￿9&r￿ to guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT> (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Review of Actlvlties
With ovèr 35 years. experien￿, Hom&less Oxfordshire 15 a successful organisation that has developed a
con5id8rable understanding of the specific needs ol single. homeless and vulnerable adult5. The charity ha5
strong track record of providing a raHg8 of specialist servic85 Wlthin a psychologically informed environment and
managing a significant portftslio of accommodation to meet these needs.
All ol our charitable activib'es focus on supporb'ng single hoMe￿sS people to develop the skills and resilience lo
bring about change in their live5.
As the largest provider ol accommodation fc>r single homeless peO￿e in Oxfordshire each night we prowde beds for
173 people. Through 8 range of innov8liv8 housing projects, we provide support lo help people re-build their lives.
Our projects include..
Housing First. Comrnissiongd by the City Council this project provides 5 sell-conlained studios or flats lor
people who have been enlrenched rough sleeper5 using the Housing Flrst principles in relation lo support.
Sapling. 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.
Vineyard. Comrnissioned by the County Council this project provides 14 bed spa￿S lor cli8nt5 in the South & Vale
District. The provision eaters for a variety of needs.
Project 41. Commissioned by the City Council this p¥ojecl provides 41 rooms over 8 houses. Thirteen rooms are
allocated lo clients wilh low-medium support needs and 28 to those with medium-high support needs.
Women's Proje¢L A supported housing project lor wornen only, providing 5 rooms in 8 sha￿d house.
O'Hanlon House Hostel. a 54 bed hostel for clients that may have been rough sleeping and whts have cornplex
needs. Due lo the Ong￿ng effects of the Covid pandemic. however, we are now operating this as a 51 bed unit by
reducing our double occupancy rooms to Single use only
Mawle Court. This is a projecl based in Banbury which we look over in late 2021. Chefwell District Counal
commission 10 of the 28 beds al thi5 Slte, with a further 4 being mov8-on. The￿ are an addllional 14 beds which
are being used for people within our Step-Down project.
Step-up and Step.down. These projects work with people either leaving hospital to provide 8 safe space lo slay
whilst working Dn a longer-l&rm move on plan. or working with p80ple to try and reduce hospitals admissions.

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES, REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
Future Developments
Across the county wa continue lo see Ihe number of people rough sleeping, using lempoiary accommodation and
facing homelessness increase. This puts a gr8ater pressure on the demand for our s¢rvices and makes It
challenging to meet the needs ol our resident5. Our passionate and committed staff team continu& lo go above and
beyond in these difficult lirnes.
We hav8 spent lime this year looking to the future, making sure we are doing the best we can lor our residents.
working well in partnership and rnaking the most ol our valuable bul finite resources. We have launched a new
stfa18gy and have three arèas of focus from 2024-2027.,
Speclallsad Housing and Support - Putting lived experience at the heart ol all we do, we will be the experts in
delivering high quality Iraurna informed support for people lacing multiple disadvantag8 across Oxlordshire.
Home5 and proporty- In collaboration with local authoribes. registe￿d providers and private landlord5 we will give
people the opportunity to live ill a place they feel sale arid secure, and which provides the stability th8y need to take
their next sleps.
Resilience and 5UStainability- We will bLJild 8 brilliant organisation with strong leadership and govemance. W8 will
grow and diversify our income whilst managing our costs and minimising our impact on the environrnent.
It is no doubl Ihat the ctstlling year with many uncertainties will provide further challenge bul we are in a good
rKJsition lo react and eontinue to provide vital housing and support lo many of the most vulnerable people in
Oxlordshire.
In¥85tment Activltles
Surplus moni8s 3re invested in line wth the Charity's investrnent policy wilh Cazenove Capital Management.
Market value of the investments at 31 March 2024 is £571,902.
Factors in and out of Charlty's Control
The financial climate remains very insecure lor on-going and sustainable public aulhorily funding. The 2024 UK
General election is likely lo influence future levels ol financial support for Ihe homeloss. and there will be Impacts in
terms of client need or In letms of a changed financial land5¢ape due lo the continued uncerlainlies regarding
Brexit, the war in Ukraine and the continuing cost ol living crisis.
Reserves Policy
The charily's funds are meant lo be spent on charitable activity lo the benefit ol people experiencing homelessne5S
across Oxlordshire. The Reserves Policy aims to ensure the charily's work is protected frorn the risk ol disruption
due to lack of funds whilst al the same lime ensuring surplus income is nol retained lor longer than required.
Th8 Qharity segregates its funds into restricted and unrestricted funds. Within unreslricled funds certain designated
funds are sel aside for specific purposes. There are currently 2 designated fvnds.. A fixed asset fund and a Luther
Street Medical Fund. Unreslricled funds excluding the Designated lund5 are ¢la$5ed as'Free Reserves..
Homeless Oxfordshire lakes a risk-bas8d approach lo selting it5 Reserves Policy and 18views this al least annually.
Based on th8 latest risk assessment the Trustees have concluded the organisatiori should hold Free Reserves In a
range of £900,000 to £1.200,000. This equates to 2-3 months 8xpenditure. The charity's income and expenditure
are closely Iillked and therefo￿ this is deemed sufficient lo salegkjard the organisalion. More details can be found in
the Homeless Oxfordshire Reserves Policy The Iruslees are going lo review Ihe ￿SerVeS policy in the second half
012024.
Free Reserves as at 31 March 2024 were £1,505, 178, c£300.000 above the policy range. The charity expects lo
utilise these excess reserves on charitable activities over the next 1-2 year5.

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Pay and Reward
Homdess Oxlordshire is comrnitted to tr8nsparency and legal compliance.
The Charity aims to pay its staff in an equitabl8 and eonsistenl mannèr at a level which promotes recruitment and
retention in a high cosl area. Homeless Oxfordshire is an Oxford LNin9 Wage employer and so all staff 8re pald al
this rate or higher.
Homeless Oxfordshire provides a supportive and caring environrnenl for it5 Staff together with opportunities lor
personal and professional developrnent. During the y8ar we have continued lo invest in staff by introducing a new
r8fleclive practice lor Ironlline staff, launching an online Human Resources platform, reviewing job descriptions
across the organization, and conducting a series of wellbeing surveys.
The comparator markets for Homeless Oxfordshire are the local and national horn8185s hostels. fl08ting support
serVi(￿S and supported housing projects.
The values of Homeless Oxlordshire are reflected in Job Descriptions and Person Specifications lor a11 roles within
the organizalion. As such. il is clear to all employees what skills, experiences, behaviours and culture are v8lued.
Income. Expenditure and Results
Thè charity ach18V8d a delicil of £101.191 in the year.
We have nol needed to recogni5e any actuarial gain or loss in 2024-25 123-24 gain of £427,000) on the defined
benefit pension scheme.
Going Concern
After making appropriat8 enquiries and w￿th income improving and a redvotion in costs. the Trustees have 8
r8asonable expectation that the charity has adequate funds and luture income to continue for the foreseeable
future. For this reason they continue to adopt the going concern basis in preparing the financial st8t8menls.
Principal Funding
Main sources ol funding for thè charity are.,
Housing Benelil
Oxfordshire County Council l Oxford City Council eommissioned incomo
Oxford City Council, through the Prevenlion of Homelessness Grants
General fundraising
All money received by the charity from these income sources is spent on fulfilling the charitys objectives. The
largest percentaoe of income is spent on support staff salaries, though a significant amount 15 also spent on the
running ol properties from which il operates IO'Hanlon House and various cornmunity propertiesl, which are used to
housÉ homeless people and thus lulfil the objectives ol the charity.

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Fundraising Activities
Fundraising remained Challenging in early 2023-24 with two interim part-time staff mernbers and new team
members joining in the summer. A permanent Head of Fundraising and Comrnunicalions joined in October with a
team of live in place by January. leading lo an increase in activity lor the last two quarters.
Incorne (excluding legacies) finished at £351,934, with IndividLJal Giving continuing lo be the major income stream
1£173.0151.
2024-25 strategie fundraising aims include..
Increase gross income (excluding legaciesl lo over £440.000 in 2024-25 Ir8turning lo &year averagèl.
Develop supporter journeys and a programrne ol stewardship to grow income acr055 all streams.
Deliver proactive communications to donors and the public and dev8lop a social media 5tral8gy to engage
more followers.
Pul forward busilless cases for future Incorn8 streams lo be grownldev8loped after 2024125.
Develop good ￿latIOnShipS with other teams aeross the organisation.
Horneless Oxfordshire is a member of the Fundraising Regulator, and we follow the slandards outlined In their
fundraising code of practice. We have received no formal complaints.
Investment Policy
Surplus monies are inv8sled in line with the charity's investment policy. The objective is lo maximise retums whilst
ollsuring that access to funds is simplified and as lar a5 possible funds a￿ adequately safeguarded.
Donations In Kind
The charity acknowledge the coritribution ol donations and gifts in kind from local businesses, community groups.
and members ol the public. Donations ol food and practical Items are passed on to service users in the project or lo
those who have be&n r8c8ntly resellled and are b8ing supported in their own accommodation.
Funds Held as Custodian
Homeless Oxfordshire on occasion acts as custodian Iruslee, holding small amounts ol clients, monies for
safekeeping, on request. Such money, totalling llo more than E500 at any one lime, is held in a safe and is subject
lo rigorous recording processes.
Structu￿, governance and managemènt
Homeless Oxfordshire Lld I'lhe charily'l is a reg15tered charity Icharily numbèr 2978061 and a company limited by
guaranlee (company number 021641501. The charity wa5 incorporated on 15th September 1987 as Oxford Night
Shelter Limited. Oll the 4th Novernber 2009 the natn8 changed lo Oxford Hotneless Pathways Limited by special
rgsolulion. On 22nd November a subsequent special resolution was passed to confirm the currenl operating name
of Homeless Oxlordshire Ltd.
The company has two wholly owned sub5idi8ries. Reconnect Oxford5hire Ltd 10788419 Incorporated on 25th May
2017 and Hox Shop Ltd 13559343 incorporated on 11th Augusl 2021. which are used for training and social
enterpnse activities respectively.
Th8 goveming documents are the Memorandum and Articles ofAssociation.

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The TrLJSt8ès, who a￿ also the directors for the purpose of wmpany law. and who served during th8 yaar and up lo
the dat8 of signature of the financial statements Were".
Anne Clarke
Penny Budgen
Ryan Cooke
Kate Hood
Frank Webster
Anthony Aex3nder
Robin Rogèrs
Endah Paton
David-Huw Owfrn
David Cryer
Anne Cooper
Pamela Roberts
Clare Perilon
Carol Sweetenham
(Resigned 5 July 20231
(Resigned 5 July 20231
(Rgsigned 29 December 20231
(Resigned 10 May 20231
(Resigned 17 July 20231
(Appointed 29 November 20231
(Appointed 13 March 20241
Method of Appointment or Ele¢tion of Trustees
Inftsrmal skills audii processes govern the selection of Trustees and appointments are made in 3ccordance wth the
Articles ol Asso¢ialion by receipl and approval ol an application for membership. Truslee5 are ￿QuIred to sign
documentation confiTmino their eligibilily to act in such 8 capacity. Trustee5 receive an induction from the CEO and
Chair ol Homele55 Oxfordshire and rneet key personnel a5 part ol this illduetion. The Trustees meet as the Board
of Trustees, which also comprises observers and advisors provided by Oxford City Council from time lo lime.
Organisational Structure and Decision Making
The overall responsibility for the charily rests with the Board ol Trustees. who 8re alsD appoint9d as directors of th8
charitable company.
Authority from the Trusiees is delegated to the Chief Executive Offioer, and is responsib18 lor the day lo day running
ol the charity.

HOMELESS OXFORDSHIRE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Rlsk Managgment
Risk Araas
The charity is aware of non-financial risk5 presenied by events and their outcomes that tTTray h8ve a significant effect
on..
Operational performance
Achievement of aims and objectives
Meeting expectations of stakeholders
The organizalion has considered those major fisks to which it is exposed and sysl8ms have been design8d to
miligale Ih05e risks. Regular reports are brought lo the 8oard of Trustees. Close review of the finance5 and
reserves are undertaken. All operational and building ii5k ass8ssmenls are reviewed annually, with routine r8gul8r
inspections at Ir8quent interwals. Speufic staff members have been idenlsfied as having health and safely and
safeguarding re5ponsibililies.
All tnofiitoring requirements are adhered lo, with quarterly reports submitled to funders as per specifi¢ individual
arrang8menis. A Business Continuity Plan is in place.
Our fixed assets relate lo owr)ership and lease affangements on accommodation lor clients and the provision of
Luther st￿et Medical Cent￿. Our balance sh89t reflects the valu6 of these property asset5 but these funds are not
available for general charitable expenditure. The Trustees also note that ils fixed assets generate ongoing
m8inlenance and repairs cosl lor the charity.
There 15 a notice period built into each funding agreement (usually minimum three months) which would allow time
lo wind dowll services. This serves as prole¢lion against Homeless Oxlordshire becoming insolvent", In addition.
insuranTr provides cover against inability lo provide services because ol damage lo buildings ete. Th8 risk lo
service charge income Ifrom voids and b8d deblsl is covered by a cautious estitnale of occupancy levels and bad
debls in each year's budoel.. in addition, these statistic5 are closely monitored on an ongoing basis. A cash now
Iorecasl and budget variance moniloring procedure is also tM8int8ined.
Related Party Relatlonshlps
The Chanly has no rdaled party relationships lo disclose.
Dlselosure of information to auditor
Each of the persons who are Trustees at the time when this Trustee5' Repori is approved has confirmed that..
So far as that Trustees aro aware. there is no relevant audit information of which the charitls auditor is
unaware, and
Trustees have taken all the steps that ought lo have been taken as Tiuslees in order lo be aware ol any
information needed by the oharity's auditor In connection with prepafing ils report and lo establish that the
charity's auditor is aware of that information.
The Trustees, report was approved by thè Board ol Trustees.
Carol Sweelenham
Date..

HOMELESS OXFORDSHIRE LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who ale also directors of Homeless Oxfordshire Limited for the purposes of company lawl
are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with
applicable law and United Kingdom Accounting Slandards Iunited Kingdorn Generally A¢￿pIed Accounting
Prac11cel.
Company law requires Ihe Trustees lo prepare financial sialernenls for each financial year. Under company
law the Truslees rnu51 not approve the financial statements unless they are satisfied that they give a true
nd lair view of the state ol affairs of the charitable Company and ol the incoming resour￿$ and application
of resources. includirig the Income and expenditure, of the charitable company for thal period.
In preparing these financial statements. the Trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP..
make judgments and accounting eslimale5 that are reasonable and prudent.,
stale whether applicable UK Accounting Standard5 have beeri followed. subjecl to any materia
dep8rtures disclosed and explained in the financial slalemenls,.
prepare Ihe financial slalements on the going concern b8sis unless it is inappropriate lo presume
that the charitable company will con11nue in operation.
Th8 Tru51ees a￿ responsible ltsr keeping adequate accountin9 records that ar8 sufficient lo show and
explain the charitable company's Ifansaction5 and disclose with reasonable accuracy at any lirne the
financial position ol the charitable company and enable them lo ensure thal the financial slalemenls cornply
with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe chanlable
company and hence for taking reasonable Steps lor the prevention and detgclion ol Iraud and other

HOMELESS OXFORDSHIRE LIMITED
CRITCHLEYS
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED
Opinion
We have audited the financial statements ol Homeless Oxfordshire Limited Ilhe 'Charity I for the year ended 31
March 2024 which compr15e the slalernent of financial activities. the balance sheet, the slalerrent ol cash flows and
noies to the financial statemellls, including signifieant acoovnting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Firianrial Reporting Standard 102 The Financial Report￿￿9 StancIa￿ applicèble in lh8 UK and Republic of Ir8land
(United Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial slalemenls-.
give a true and fair view of the state ol the charitable Company's affairs 8s al 31 March 2024 and of it$
incoming ￿sOurceS and application of restsurees, including its income and expenditure, lor the year then
ended.,
have been properly prepared In awordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements ol the Companies Acl 2006.
Basls for opinion
W8 eA)nducled our audit in accordance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicable
18w. Our responsibililies under those standards aro furth8r described in the Aiiditorts r8sponsibilities for thE audil of
the financial statements Section of our report. We are independent ol the Charity in acoordance with th8 @lhical
requir8menls Ihal are relevant to our audit ol the financial statements in the UK, including the FRC's Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit ev1dern￿ we have obtained is suffiaent 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 ol the g0Sng concern basis of
accounlsng in the preparation of the financial stalemenls is appropriate.
Based on th& work we have performed. we have not identified any material uncertainties r8lating lo events or
condits'ons that. individually or collectively, may cast significant doubt on the Charity's ability to continue as a going
con￿rn lor a period of at least twelve months from when the financial stalements are authorised for issue.
Our responsibilities and the responsibilits.es of the Trustees with respect lo going concern are described in the
relevant section5 of Ihis report.
Other irrformation
The other inlorrnation comprises the information included in the annual report olh8r than the financial statements
and our audito¢s report thereon. The Trustees are responsible for the other inforrnation contained within the annual
report. Our opin￿￿ on the financial slalements does not cover the other Information and, except lo th& extent
otherwise explicitly s18ted in our report. we do not express any forTn ol assurance conclusion Ih8reon. Our
responsibility is to r88d the other information and, In doing so. consider whether the other infom)atlOll 15 materially
inconsistent with the financial statements or our know18dge obtained In the course of the aud￿1, or othe￿15& 8ppears
lo be materially m155tat8d. If we identify such rnaterial in¢onsistencies or apparent material misstatements, we are
required lo detertnine whether this gives rise to a rmaterial rrisstalement in the financial slalements Ihetnselves. 11.
based on the work we have performed, we Conclude that the￿ is a material missiatemenl ol this other information.
we are ￿qUired lo r8pori that fact.
We have nothing lo report in this regard.

HOMELESS OXFORDSHIRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED
Opin40ns on other mattèrs pr85cribgd by the Companies Act 2006
In our opinion. bas8d on the work undertak8n in the course of our aLJdit..
the information given in the Trustees, report for the financial year lor which ihe finanrial statements are
prepared, which indudes the directors, report prepared for the purposes ol company law, 15 consistent with th8
financial stalemenls., 8nd
the directors, report Included within the Trustees, report has b88n prepared in accordance with applicable legal
requirements.
Matters on which we ar8 required to report by 8xception
In the light of the knovledge and understanding of the Charity and ils environrnent obtained in the course ol the
audit, we hav8 not identified maierial misstatements in the directois, report included within the Trustees, repori.
We have nothing to report in respecl of th8 following matter5 In relation lo which the Companies Act 2006 requires
us lo report to you il, In our opinion..
adequate accounting records have not been kept. or returns adequate lor our audil have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and r8iurns', or
certain disclosures of trustees, remuneration specified by law are nol tnade", or
we have not received all the information and explanations we require for our audit,. or
the Trust885 were not entitled to prepare the financial statements in accordan￿ with the small companies
regime and take advantage of the small cornpanies. eX8mplions in preparing the Trustees, report and from the
requiremenl to p￿pare a slr8tegi¢ report.
Responsibilitie5 of Trustees
As explained more lully in the statement of Trustees, resrK)nsibilities. Ihe Trustees, who are 81so the directors of the
Charity for the purpose of wmpany law, are responsible lor the preparation of the financial ststements and for being
satisfied Ihal they give a true and fair wew, and for such internal control as the Trustees delerrnine is necessary to
enable the preparation of financial statements that are free from materi81 misstatement, whether due lo fraud or
error. In pieparing the fi'nanci31 staternenls, the Trkjstees are responsible lor assessing the Ch3rily's ability to
continue as a going concern. disGlosin9, as applicab18. matters related to going concern and u51ng the going
concern basis of accounting un185S the Trustees eith8r intelld to liquidate the charitable ¢ornpany or lo cease
operabons, or have no realistic altemative but to do so.
Audltor's responsibilities for the audit of the financial statements
Our obj8ctives are to obtain reasonabSe assurance about whether the fin8nCi21 statements as a whole are free fro
rnalerial m155tatement, whether due tts fraud or error, and to issue an auditor's ￿port thal includes our opinion.
Reasonable assurance is a high 18vel ol assuranc8 bul is not a guarantee that an audit Conducted In accordance
with ISAS IUKI will always detect a material misstaternent when it exists. Misstatements Can arise from fraud or
error and are considered rnaterial if, individually oir in the aggregate, they could reasonably be expected to influence
the econotnic decisions ol users taken on the basis of these financial slalements.
As part of an audit in accordance with ISAS IUKI, the auditor exercises profe5510nal judgment and maintains
professional skeplici5m throughout the audit.
Th6 extent to which our proc8dures are capable of detecting irregulanlie5, including fraud, is detailed below.
10

HOMELESS OXFORDSHIRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED
the engagernent p8rlner en$U￿d that the engagement team collecltvely had the appropriatB competence.
capabilities and skills lo identify or r8cognise non-compliance with 8pplicable laws and regulations,.
we identified the laws and regulations applicable to the company through discussions with diréctor5 and
other manag8rnenl. and from our kno￿￿edge and experients",
we focused on specifio laws and regulatsons which we considered may h8ve a direct material effect on the
financial staternenls or the operations of the cornpany..
we assessed th8 extent of compliance with the laws and regulation5 Identified above thrtsugh making
enouiries of m8nagernent and inspecling leg31 correspondence where applicable., and
identified laws and regUla￿'On$ We￿ cc>mmuni¢aled within the audit team regularly and the team r&rnained
alert lo instanc85 of non-¢ornpliance throughout the audit.
We assessed the susceptibility of the company's financial st8tements to material rnissialernenl. including obtaining
an understanding ol how IiaLJd might occur, by..
making enquiries ol rnanagernent as lo where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud., and
considering the internal controls in place to miti'gate risks of fraud and ncin-complianc8 Wlth laws and
règul8lion5.
To address th9 risk of fraud through tllanagement bias and overrid& of controls, we..
perfoirn8d analylical procedures to id8nlify any unusual or unexpected relationships.,
lesled journal entries lo identify unusual Iransactions..
assessed whether judgements and assumptions made in delemining the 8ccounting estimates were
indicative ol potential bias., and
investigated the rationale behind significant or unusual Irans8clions.
In response lo the risk ol irregularili8s and non-compliance with laws and regulations, we d8signed procedures
which included, bul were not limited to..
agreeing financial statement disclosur8S to underlying supporting documentation..
reading the minutes of meetings of those charged with governance.,
enquiring ol manag8m8nt as to actual and potential litigation anij claims,
reviewing ￿levant correspondence.
Th8f8 are inherent lirnitations in our audit proTrdure5 described above. The more rernoved that law5 and
regulab'ons are from financial transactions, the less likely it is that we would become aware of non-compliante.
Auditing slan(Jards also limit the audit proCedU￿S ￿qUIred lo Identify non-complian￿ with 18ws and regulations to
8nqLJiry of the directors and other Tnanagemenl and the inspection of regulatory and legal correspondence, il any.
Material rnisslalemenls that arise due lo fraud can be harder lo detect than those that arise frotn error as they may
Involve d81iberale concealment or collusion.
A fLJrther description ol our responsibilities is available on the Financial Reporting Council's website at.. hltps'.11
www.frc.org.uklauditorsresponsibililies. This descriptic)n foms p8rt ol our audilorfs reptsrt.
11

HOMELESS OXFORDSHIRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOMELESS OXFORDSHIRE LIMITED
Use of our report
This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 01 Part 16
of the Coimpanies Aet 2006. Our audit work has been underlak8ll so that we might slate to the charitable companrfs
members thos8 rnatlers we are required to slate to them in an auditor's report and for no other purpose. To the
fullest exlenl permitted by law, we do not accept or assum8 responsibility to anyone other than the charitable
company and the eharitable company's rnembers as a body. for our audit work. for this report. or for the oplnions we
have formed.
/[/•
Robert Kirtland Isenlor statutory Audltorl
lor and on behalf of Critchleys Audit LLP
11812024
Chartered Accountants
Statutory Auditor
Beaver House
23-38 Hythe Bridg8 Street
Oxford
OX1 2EP
12

HOMELESS OXFORDSHIRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
fund
funds
2024
2024
Total Unr•striet•d Re$tri¢¢ed
funds
funds
2023
2023
Total
2024
2023
Notès
Income from:
Donations and legacies
Charitable activities
Investments
506,635
3,156,716
20.809
506,635
1,391.482 4,548, 198
20,809
965,818
2.940,037
16,514
965.818
3,747.985
16,514
807,948
Total income
3,684,160
1,391,482 5.075,642
3,922,369
807,948 4,730,317
Expenditurè on..
Raising funds
Charitable activities
Other expenditure
166.961
3,606,018
31,716
166.961
1.408,444 5,014,462
31,716
119,364
3.590,303
3,270
119,364
814,504 4,404.807
3,270
Total expenditure
3,804,695
1,408,444 5,213,139
3,712,937
614,504 4,527.441
Nel gainslllossesl on
investments
12
36.306
36.306
132,2001
132.21X)I
Net ineomellexpenditurel
184,2291
116,9621 1101.19tI
177.232
16,5561
170.676
Other rgcognisod
gains and losses..
Actuarial gains on
defined benefit pension
schemes
427.000
427,000
Net movemont
funds
184,2291
116,9621 1101,1911
604.232
16,5561
597.676
R•conciliation of funds..
Fund balances at 1 April 2023
2.315,328
173,658 2.488,986
1,711,096
180,214
1,891,310
Fund balanc•s #t 31 March
2024
2,231,099
156.696 2.387,795
2,315.328
173,658 2,488.986
The slalernenl of Ilnancial a¢tivities includes all gains and1055es recognised in the year. All income and expenditur8
derive from continuing activities.
13

HOMELESS OXFORDSHIRE LIMITED
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Note$
Fixed assets
Tangible as58t5
Inv8stmenls
1,743,179
571.902
1,820,511
533,796
14
2,315.081
2,354,307
Current assets
Debtor5
Cash at bank and in hand
15
615,444
808,510
890,794
381,430
1,423.954
1,272,224
Credltors.. amount5 falling due within
one year
16
1451,2401
1198.9351
Net current assets
972,714
1,073.289
Total assets less current liabillties
3,287.795
3,427,596
Cr¢ditors= amounts falling dug aftor
more than on& year
17
1900.0001
Igoo,0001
Provisions for Ilabllities
18
138,6101
Net assets ex¢ludlng penslon liability
2.387,795
2.488,986
Defined benefit pension liability
19
Nat assets
2.387.795
2,488,986
The funds of the Charity
Restricted Income funds
Unrestricted funds
156,696
2,231.099
173,658
2,315,328
21
2.387,795
2,488.986
The financial slalements were appmed by the Trustees on .
Caro
weetenham
Company registration number 02164150 (England and Wales)
14

HOMELESS OXFORDSHIRE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Not05
Cash flow$ from operating activities
Cash gen8rated Iromllabsorbed byl
operations
26
419.319
1208,8431
Investing activities
Purchase of tangible fixed assels
Purchase of investtn8nts
Proc8ed5 frorn disposal of investments
Investment Incorne received
111,2481
138,4761
36.676
20.809
1890,6281
1175,2001
164,753
16,514
Net eash yen¢ra¢ed fromllusad inl
Invostlng activities
7,761
1884,5611
Flnancing actlvlties
Receipt ol loans
900,000
Net cash (used inllgenerated from
Ilnanclng activitios
900,000
Net Iner$asglldecreasel In cash and cash
equivalents
421,080
1193,4041
Cash and tash equivalents at beginning of year
381,430
574,834
Cash and cash equivalents at end of year
808,510
381.430
15-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
AeeountSng polbcies
Charlly Infomiation
Homeles5 Oxfordshire Limited is 8 private company limited by guaran18e Incorporated in England and Wales.
The registe18d office is O'Hanlon House, Luther Slreel, Oxford, OX1 IUL.
1.1 Accountin9 conventlon
The financial statements have been prepared in accordance with the Charity's governing document. which Is
the Memorandtsm and Artide5 of Associ8tion, the Companies Act 2006, FRS 102 "The Financial R8porting
Standard applicable in the UK and Republio of Ireland. l FRS 102,1 and the Charities SORP 'Accounting and
R8POrting by Charities. Staletnent ol Recommended Practi￿ applicable to charities preparing their accounts
ill accoidance with the Financia1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"
leffective 1 January 20191. The Charily is a Public Benefit Entity as defined by FRS 102.
The financial slalemenls a￿ prepared in slerflng, which is the functional currency of the Charity. Monetary
arnounls in these financial statements are rounded to the nearest £.
Th¢ financial slalements have been prepared under the historical cost convention, rnodilied lo indudo the
revaluation ol freehold properties and lo include Investment properties and certain r￿n9￿ClaI instruments at lair
value. The principal accounting polioes adopted are sel out below.
The Charity is a company limited by guarantee. The members of the company ar8 th8 Trustees named o
page 1. In the event ol the Charity being wound up, the liability in r8spect ol the guor8nlee Is limited to £1 per
member ol the Charity.
1.2 Going concern
At Ihe time of approving the financial statements, the Trustees hÈve a reasonable expectation that the Charity
has adequate resources lo continue in operational existellc& for Ihe foreseeable futu￿. Thus the Trustees
continue to adopt the going ctsncern basis ol accounting in preparing the financial statements.
1.3 Charitable fund5
Unrestricted funds are available for use at th8 discretion ol the Trustees in furtherance ol their charitable
obj8CtiV8S.
Designated funds cornprise un￿strICted funds thal have been set aside by the Trustees for particular
purposes. The aim and us8 of each designated fund is set out in the notes lo the fin8nei31 slalements.
Reslricled funds are subject lo speoific conditions by dollors or grantors as to how they may be used. The
purposes and uses ol lh8 restricted funds are sel out in the note5 to the financial statements.
1.4 Income
All income is recognised once the Charity has entitlement lo the income, it is probable that the income will be
receiv8d and the amount of income re￿1vable be measured reliably.
The recognition of income from legacies is dependent on establishing entillemenl, the probability of receipt
and the abilily lo estimate with sufficient accuracy the amount receivable. Evidence of enlillemenl lo a legacy
ex15t5 when the Charity has sufficient evidence that a gift has been lell to them (through knowledge ol the
existance of a valid will and the dealh of the benelactorl and the executor is satisfied that the properly in
qLJeslion will not be required to satisfy clairns in the estate. Receipt ol a legacy must be recognised whell it is
probab￿ that it will be received and the fair value ol the amount ￿￿1vable. which wll generally be the
eXP8dad cash amount to be distributed lo the Charrty, can be reliably measured.
16

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontlnuedl
Grants are included in the Statement of financial activitiès on receivable basis. Tho balance of income
ceived for Specific purposes but not expended during the period is shown in the re18vanl funds on the
Balance 5h88t. Where income is rec8iv8d in advance Of entit18tnenl ol re￿ipl, its recognition is deferred and
included In creditors as deferred Income. Where enlitlemenl occurs befo￿ income Is received. Ihe income ￿9
accrued.
Donated service5 or facilities are recognised when the Charity has control over the Ilern, any condilions
associated with the donated item have been rnet. the receipt ol economic benelil Irotn the use of the Charity
of Ihe item is probable and that econotllic b8nefil can tie measured reliably.
On receipt, donate(I professional services and faeilities a￿ recognised on the basis ol the value of the gift lo
the Charity which Is amount il would have be8n willin9 to pay to obtain services or facilities of 8quivalent
8conomic benefit on lh8 opell market," a corresponding amount is then recognised in expenditure in the period
of receipt.
Income lax recoverable in relation to Investment income is recognised at the lime the Investment income Is
receivable.
Other income is reco9nised in the period In which it is receivat>le and to the extent the goods have been
provided or on completion of the service.
Rental income, including Housing and other benefits, is accounted for on a receivable b8sis in line with night5.
accommodation provided.
1.5 Expenditure
Expenditure is recognised onc8 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 aTnOLJnl or
the obligation can be meastjred reliably.
Expenditure is classified by activity. The costs ol each activity are made up ol the lolal of direct costs and
shared costs. including suppori costs involved in undeilaking each activity. Direct costs atlribulable to a sin9le
activity are allocated d1￿ctlY to that activity. Shared c051s which conlribule to trore than one activity and
support costs which a￿ not attributable to a single activity 8ro apportioned between those activities on a basis
consistent with the use ol resources. Central staff costs are allocated on the basis ol time spent, and
epreciation charges are allocated on the portion ol the asset's use.
1.6 Tangible flxtd assets
Tangible fixed assets ar8 initially measured at cost and subseouently mèasured al cosl or valuation. net of
d8preciation and any imp8irrnent losses.
Depreci8tlOll 15 recognise¢J so a5 to write off the cost or valualioll of assets less their residual values over their
useful Iiv8S On the following bas8S'.
Land and buildings
Leasehold improvements
Fixtures and Iitbngs
Computers
Motor vehicl8s
2¥¢ slraighl line
10 /ts Straight line
33Q/D Straight lin8
33¢/o straight line
33.fi straight line
The gain or loss arising on the disposal of an a55et is determined as the difference between the sale proceeds
and the carrying value of th8 asset, and is ￿CogniSed in the statement of financial activities.
17.

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcl•s
(Continued)
Certain fr8ehold land and buildings are not dep￿Ciated 85, In the option of the Tfuslees, the property 15 Worth
more than its nel book value. and as such, any depreciation charge would be Immaterial. AlthoLJgh this
treatment 15 contrary to the Companie5 Act 2006 which slates that fixed asset5 should be depfecialed this is.
in the opiriion ol the Trustees. nece55Ary In order to give a true and fair view ol the asset's true value.
1.7 Fix8d asset investrnents
Fixed asset Investments are initially rneasured al trans8Ction priTr excluding transaction costs, and are
subsequently measured al lair value 81 each reporting dat¢. Changes in fair value are recogni5ed in nel
incomellexp8nditurel lor the year. Trallsaction costs are exp8nsed as incurred.
Investments in subsidiaries are valued at cost less provision lor impairment. The investments in the
subsidiaries R8eonnecl Oxlordshire Limited and Hox Shcip Ltd are not rnaterial to these financial stalernents
and as such are not recognised on the Balance Sheet. Th8 results il the subsidiaries are not material to the
Charity and the Charity has Iherefore not prepared Consolidated financial stalernents. Reconnecl Oxfordshire
Limiled has the company registered number 10788419 and Homeless Oxford5hire Limited holds 100Q/ts of the
issued share capital ol Reconnect oxfordshi￿ Limited Hox Shop Ltd has the company registered nLJmber
13559343 and Homeless Oxfordshire Litnited holds 100% of the issued share capital of Hox Shop Ltd.
1.8 Impalrmont of flxed assets
At each reporling end date. the Charity reviews the carrying amounls of its tangible assets to determine
whether there is any indication that those assets have suftered an Impairment Ios5. 11 any such indication
exists, the re¢overhble arnounl ol the a8set Is ests'mated in order to ¢Jetermine thg exlenl ol the impairTnenl
loss lif anyl.
1.9 Cash and cèsh equlvalents
Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-term liquid
inveslrnents with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Flnanclal Instruments
The Charity has 81ecled tr) apply the provisions ol Section 11 '8asic Financial Inslrurnents, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the Charitys balance sheet when the Charity b8eomes party to the
contractual provisions of the instrument.
Financial assets and 118bilities are offset. with the net amounts presented in the financial 51alements, when
there Is a legally enforceable right to sel oft Ihe r8cognised amounts and there is an intention to settle on a net
basis or to reallse the ass8t and settle the liability simultaneously.
8asiG financial assets
Basic financial assets. which include debtors and cash and bank balances. are initially measured al
transacts.on pri￿ including transaction cosls and are subsequently Carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing Iran5aclion. where the Iransaclion is
measured at the presenl valu9 01 the futu￿ receipts discounted at a market r8le of interesl. Financial assets
cla55ified as receivable within one year are not amortised.
18-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcie
(Continuedl
8asi¢ Ainanclal Ilabllities
Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless
the arr8ngemenl constilules a financing transaction. wh8r8 the debl instrument Is me8sured at the present
value of the future payments discounled at a market rale of interest. Financial liabili118s classified as payable
withiTI one year are not amorlised.
D8bl instruments are subsequently carried at amortised ¢ost, using the effective interest rale method.
Trade creditors are obligations lo pay lor goods or Services that have been acquir&d in the ordinary cours8 of
operations from suppliers. Arnounls payable are classified as current liabilitie5 if payment is due within one
year or less. 11 not. they are presented as non-current liabilities. Trade creditors are recognised initially al
Iransaotion price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of linan¢tial liabilitles
Financial liabilities are derecognised when the Charity'5 Contractual obligations expire or are dischargèd or
canc8lled.
1.11 Pfovisions
Provisions are recognised whell the Charity has a legal or constructive present obligation as a result of a past
event, Il Is probable that the Charity will be required to settle that obligation an(J a reliable estimate can be
made of the amount of the obligation.
The amount recognised as a provision is th8 best estimate ol the consideration requi￿￿ tts S8tlle the p￿sent
obligation al the reporting end dale, taking into account the risk5 and uncertainties surrounding th8 obligation.
Where the effect of the lime value ol mon8y is material. the amount expected to be ￿qUired to settle the
obligation Is recognised at present value. When a provision is measured al present value, the unwinding of
the discount is iecognised as a finance cost in net in¢omellexpenditurel in ihe period in which Il arises.
1.12 Employ8e bgnefits
The cost of any unused holiday enlillement is reco9nised in the period ill which the employee's sèrvices are
received.
Termirialion benefits are recognised immediately as an expense when the Charity is demonstrably comrnitted
to lerminale the employment of an employee or lo provide termination benellls.
1.13 Retirement benefits
Payrnents to defined contribution retirement benefit schemes ar¢ charged as an expense as they fall due.
19-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accountlng estirnat05 and judgements
In the applscation ol the Ch8rity's accounting policiès, the Trustees ar8 required lo make judgements.
slima1&5 and assumptions about the carrying amoLJnt ol assets and liabilities that are not readily apparenl
from other Sour￿$. The eslirnates And associated 8ssump110ns are bas8d on historical experience and other
f8clois that are considered lo bè relevanl. Actual results may differ from these estimates.
The eslimales and underlying assumptions ar& reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in whi¢h the estimate is revised Whe￿ the revision affects only that
period. or in the period of the revision and future periods where the r8vi510n affects both current and future
periods.
Criti¢al judgements
D8preciation
Fixed ass8ts are deprecialed over their useful economic lives. Depreciation during the year ended 31 March
2024 was £86,42912023.' £90,319).
Defined benetit pènsion
The value ol the defined benefit plan is estimated based upon the report Issued by an actuary. After the
application of an assel ceiling, thè value at 31 March 2024 was eslimat8d to be £Nil12023.. liability of £NIll.
Dilapidations provision
Management has estimated the dilapidations costs expected. The dilapidations provision included at 31 March
2024 lolalled £Nil12023-. £38,610).
-20-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Donations and legacies
Unrestri¢led Unrestrlcted
funds
funds
2024
2023
Donations and legacies
Grants
461,643
44.992
950,814
15,004
506,635
965.818
Income from Charitabl8 activities
2024
2023
Rent and housing benBfits
Public authofily funding
Rental income
2,616.598 2,521,926
1,885,400
1,179.859
46.200
46,200
4,548.198 3,747,985
Analy515 by fund
Un￿$triC1ed funds
Restric18d fund$
3, 156.716 2,940,037
1,391.482
807.948
4,548,198 3,747,985
Income from investmÈnts
Unrestricted Unrestrl¢ted
funds
funds
2024
2023
Inveslmenl incorTre
Interest receivable
11.345
9,464
12,863
3.651
20,809
16,514
21

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on Raising Funds
Unrestrlcted Unr•strlcted
fund5
funds
2024
2023
staff costs
Other fundraising costs
103.624
63.337
68.093
51,271
166,961
119,364
Expenditure on Charitable Activlties
2024
2023
Staff costs
Pension fIrnan￿ costs
Food and household
Laundry and cleaning
Heal and light
W8lfare activities
Agency cosls
Donations in kind
Legal and professional
1,803,526
1,613,774
11.000
169,792
139,728
125,274
23.306
217.209
26,971
108,450
187,559
146.878
208,322
32,514
394,962
5,200
168.204
2,947,165 2,435,504
Share ol support costs (see noie 81
Share of govemance costs Ise8 note 81
2,043.255 1,958,503
24,042
10.800
5,014,462 4,404,807
Analysis by fund
Uniestricted lunds
Restricted funds
3.606,018
1.408,444
3,590.303
814.504
5.014.462
4,404,807
22-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Support and governance costs
Support Govornance
costs
COSt$
Total
2024
Total
2023
Support Governance
costs
costs
Depr¢cialion
Prtsperty rnanagement
costs
Staff training
Travelling
Rent and rale5
Repairs and
rnaintenance
Insurance
Telephone
Sundry and
adminislralion charges
Legal alld professional
Recruitment
Bank arid investrnent
charg8
Printing and stationery
Cotnpuler consumables
Oxford Homele55
Medical Fund
Loss on disposal ol
tarigible fixed assets
86.428
86.428
90,319
90,319
510,782
21,408
32.418
645,202
510,782
21,408
32.418
645,202
343,005
29,512
26,606
641,398
343,005
29,512
26,606
641.398
302,674
63,905
51,009
302,874
63.905
51,009
337.195
40,727
28.548
337. 195
40,727
28.548
4,444
125,816
86,079
4.444
125.816
86.079
32,612
222,452
78,530
32,612
222,452
78,530
5,947
70,831
28,339
5.947
70,831
28,339
5,848
51.131
3(1.620
5,848
51.131
30,620
5,621
5,621
2.152
2,152
Audit fees
24,042
24.042
10.800
10.800
2.043.255
24,042
2.067,297
1,958.503
10,800
1.969.303
Analysed between
haritable activities
2,043.255
24,042
2.067.297
1,958,503
10,800
1,969.303
Net rnovement in funds
2024
2023
The nel movement in funds is stated after chargingllcrfjdilingl..
Dep￿ciatIOn of owned tangible fixed assets
86,428
90.319
10 Trustees
None of the Trustees lor any persons connected wlh them) received any remuneration or benefits frorn the
Charily during the year.
-23-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11
Employees
The average monthly number ol ernployees during the year was..
2024
Number
2023
Numbar
65
58
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
1,699.055
162,597
45.498
1,500,208
144,517
37,142
1.907,150
1,681.867
The number of employees whos¢ annual femuneration wag more than £60.000
is as follows..
2024
Number
2023
Number
£60,000 lo £70,000
£80,001 10 £90,000
The kéy managemenl p8r50nnel ol the Charity comprise of Ihe Trustees, the Chief Executive Officer, the
Head ol Finance, the Head of Housing and Support Services. the Head ol Fundraisin9 and Communications.
the Head of Property and Development, and the HR Manager.
The total employee benefits ol the key management personnel of the Charity were £353,298 12023..
£322,263).
The 2023 figures lor key management personnel employee benefits have been restated lo indude all of their
wage5. employers Nl conlributions, and employers pensitsn coniribvlions. The effecl on the profit and loss is
£Nil.
12 Net Ilos58sllgalns on invgstmants
Unrestricted Unrestricted
fun(Is
funds
2024
2023
Revaluation of investments
36,306
132,2001
-24-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Tangible fixed assets
Land and Flxtur88 and
bulldlngs
Ccmput•r$ Motor ￿h1¢10S
Total
Cost
At 1 April 2023
Addition5
Disposals
3,095,053
834,673
195,868
11,248
1699,2951 1137.5551
5,500
4,131,094
11,248
1836,8501
At 31 Ma￿h 2024
3.095,053
135.378
69,561
5.500
3,305,492
Dtrpreciation and impairm•nt
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of dispos81s
1,334,413
49.483
804,522
166.148
18,145
18,800
1697,3571 1137,3411
5.500
2,310,583
86,428
1834,6981
At 31 March 2024
1,383.896
125,310
47,607
5,500
1,562.313
Carrying amount
Al 31 March 2024
1,711,157
10,068
21,954
1,743,179
Al 31 March 2023
1,760,640
30,151
29.720
1,820,511
The carrying value ol land and buildings comprises..
Restated
2023
2024
Freehold propety
Long leasehold
1,284,140
427,017
1.304.952
455.688
1,711,157
1.760.640
The 2023 figures have bo8n reslaled lo correctly recognise the split between freehold and lea5ehoSd
properties. The effect on th8 b818nce sheet is £Nil.
-25-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14 Fixèd as8e¢ investrnents
Llsted
Inv•stment$
Cost or valuatlon
At 1 April 2023
Additions
Valuatitsn changes
Disposals
533.796
38,476
36.306
136,6761
At 31 March 2024
571,902
-26-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Debtors
2024
2023
Amounts falling due within one year..
Trade debtors
Other debtors
Prepaymenis and acetued income
361,629
34,799
219,016
89,111
54.570
747,113
615,444
890.794
16 CredStors.' amounis falling due within on8 y8ar
2024
2023
Other taxation and social security
Trade creditors
Other creditors
Accruals and def8rr8d income
37,443
169,751
14,734
229,312
36.534
105.975
14,718
41.708
451,240
198.935
17 Creditors.. amount5 falling due after mor& than one year
2024
2023
Bank loans
900,000
900.000
18 Provisions for liabilities
2024
2023
Dilapidation provisions
38,610
19 Retlrement benefit schemes
2024
2023
Dèfined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
45.498
37,142
27-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO)
FOR THE YEAR ENDED 31 MARCH 2024
19 Retirement benefit schemej
Icontinuedl
Defined ben•flt schemes
The Charity operatgs a defined benefit pansion scheme and the pension charge is based on an actuarial
valuation dated 17 May 2024.
The Local Goverllrnent Pension Scheme Oxlordshire County Council Pension Fund" is a funded scheme and
the assels are held separately from those of the Charity in separate trkjstee administer8d furids. Pension
scheme assets are measured al fair value and liabilities are measured oll an actuarial basis using the
projected unit credit method and discoLJriled al a rate equivalent lo the current rate of return on a high quality
corporate bond of equivalent lerffl and ¢Ulfency to the liabilities. The actuarial valuations are obtained at least
triennially and are updated at each Balance Sheet date. The amounts charged to operating svrplus are the
cUr￿n1 service c05t5 and the costs of the scheme introductions, benefit changes. settlements and
eurtailmenls. Thoy are Includecl as parl ol staff costs as Incurred. Nel interest on the net defined benefil
liabilitylassel is also recognised in the Statement of Financial Activiti&s (incorporating all Income and
Expenditure Account). and comprises the interest cost on the defined benefit obligation and the Interest
Income on the scheme assets calcul8ted by multiplying the lair value of the scheme assets at the beginning of
the period by the rale used lo discount the benefit obligations. The difference between the interest Income on
the scheme assets and the actual return on the scherne assets is recognised as a gain tsr loss in the
statement of financial activities.
Key assumplions
2024
2023
Discount rate
Expected raie of increase ol pensions in payment
Expected rale ol salary increases
4.85
2.75
2.75
4.75
2.95
2.95
Mortality assumptions
The assumed lif& expectats.tsns on relirgmenl at age 65 are..
2024
Years
2023
Y•ars
Retiring today
Males
Females
21.1
24.8
21.2
24.9
Retiring in 20 years
Males
Females
23.1
25.6
23.3
25,8
Amounts reGognised in the profil and loss account
Coslsl(Income)."
2024
2023
Nel interest ori defined benefit liabilityllassetl
14,0001
11,000
-28-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
19 Retirement b•nefit s¢h8mes
Icontinuedl
Amounls ￿¢0￿￿15&d in other compffthen51V8 inGome
cost￿{1￿¢0Mej.'
2024
2023
Actual return on schème assets
Less." calculated inieresl element
1206,0001
86.000
86,000
53,000
Return on scheme assets excluding interest incom&
Actuarial changes relaled to obligations
Exchange differences
1120,0001
125.0001
149,000
139,000
1657,0001
91,000
Total c051sllincom81
4,000
1427,0001
The amounts includ8d in the balance sheet arisino from the Charity's
obligations in respect of defined benefit plan5 are as follows..
2024
2023
Liabilitiesllasselsl..
Present value of defined benefit obligations
Fair value of plan assets
1,753,000
1,738,000
11,753,000) 11.738.000>
Defi'cit in scheme
2024
Movements Ihe p￿sent value of rjefined benefit obligations
Liabilities al 1 April 2023
Beneflls paid
Actuarial gains and 1055es
Interest COSt
1,738.000
142.0001
125.0001
82.000
At 31 March 2024
1,753.000
The defined benefit obligations arise from plans which are wholly or partly fLJnded.
2024
Movements in the fair value of plan ass81s
Fair value of assets at 1 April 2023
Interest income
Return on plan assets (excluding amounts included in nel inte￿$t)
Benefits paid
A5sel ceiling applied
1.738.000
86,000
120,000
142,0001
1149,0001
At 31 March 2024
1,753,000
The actual return on plan assets was £206,00012023 - £86,000).
-29-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Retiretn8nt b•neflt $¢hemes
IContinu8dl
2024
2023
Fair value of plan assets
EqLJity instruments
Debt instruments
Prop8rty
Bonds
Cash
Asset Ceiling applied
1.335.000
1,335,000
165.000
179,000
439.000
40.000
1240.0001
293,000
36.000
191,0001
1,753.000
1,738,000
-30-

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HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21
un￿strICted funds
The unrestricted funds of the charity comprise the unexpended balancès ol donations and grants which are
not subject lo specific conditions by donors and grantors as lo how they may be used. These include
designaled funds which have been set aside out of unrestricted funds by the Iruslees lor specifie purposes.
At 1 April
2023
Incoming
sources
Resources
èxpendèd
Gains and At 31 March
losse5
2024
Fixed ass8t fund
Luther Slreel Medical Fund
General funds
757,902
46,300
1.511.126
11.248
1,200
3,671.712
{82.6681
18.0611
13,713,966)
686,482
39.439
1,505,178
36.306
2.315.328
3,684,160
13,804,695)
36.306
2,231,099
Pension fund
2,315.328
3.684.160
13,804.6951
36,306
2,231.099
Previou5 year..
At 1 Aprll
2022
In¢oming
resourc85
Resource5
expended
Galns and At 31 March
losses
2023
Fixed asset fund
Luther Street Medical Fund
General funds
851,682
46,300
1,229,114
890,628
1984,4081
757.902
46,300
1.511,126
3,031.741
12,717,529)
132,2001
2,127,096
1416,0001
3,922,369
13,701,937)
111,0001
132.2001
427,000
2,315,328
Pension fund
1.711,096
3,922,369
13.712,9371
394,800
2,315.328
-34-

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2> th V
¢y

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Operating lease commitm8nt5
Lossee
Al the reportillg end dale the Charity had outstandino cornmitments lor future minimLJm lease payments under
non-canc811abl8 operating leases. which fall due as follows..
Restated
2023
2024
Within on8 year
Between two and live years
In over fi've year5
679,770
1,109,150
20,923
524,723
624,733
54,401
1,809,843
1.203.857
The 2023 figure has been restated to include leases signed before 31 March 2023 which were not induded In
the previous year.
24 Relatèd party transaction5
Ouring the year no tru5tges made donations,12023- four trustees - £2251.
25 Controlling party
Thg Charity is under the joint control ol the Trustees who oversee all administratson and operab'ons that the
Charity undertakes.
26 Cash generated from operallons
2024
2023
(Deficitllsurplus lor the year
1101,1911
170,676
Adjustments for..
Investment income recognised in statement of fin8Ticial activities
Loss on disposal of tangible fixed assets
Fair valu8 gains and losses on inveslmernts
D8precialion and impairment of tangible fixed assets
Difference betW88ll P8nsion charge and cash contributions
120.8091
2.152
136,3061
86.428
116,5141
32,200
90,319
11.000
Mtsvemenls in working capital..
Decreasellincreasel in deblors
Increase In creditors
Increa5elldecreasel in provisions
275,350
252,305
138,6101
1528,2661
26.692
5.050
Cash 9&neratod fromllabsorbed by) optrrations
419,319
1208,8431
-36-

HOMELESS OXFORDSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
27 Analysis of chan9e5 in net Idebtllfunds
At l April 2023
Cash flowsAt 31 March 2024
Cash al bank and in hand
381,430
427,080
808,510
Loans falling due after more than one year
1900.0001
1900,0001
Net debt
1518.5101
427.080
191,4901
-37-