REGisfKRED COMPLNY NUMBEJL. 01041946 (ERglaDd and Ivaies REGisfERED CHARITY NUMBER: 501556 •A# GLE HOUSING IMITED
Pale Report of the TnMI¢ Reportof th¢ IDdep¢ndent Audlto 10 to 12 Stst¢ment of FIDA•elAI Aetfvll 13 Bl•n¢¢ Sheet 14 Cuh Flow S¢•l¢rn¢nt 15 Notm to the Cmh Flow Siitemenl 16 17 to 27 DelH•d St*temtAt of FlnaAcW A¢¢lvl¢k• 28
•J fth The trustees who are also dirtorS of the charity t.or the purposes of the Companie¥ Act 2(. present theii report with th¢ finaniial stsi¢ment¥ of the chaTily for the year Lnded 31 MurLh 2025. Thc In¢S have adopted Ihc pruvi5ion5 or AecountlnB and Repoty by Ch8rities: Statement of Re¢ommendcd PrACtiee llpplicxble lo charities prepArin8 their acwunts in accordance with the Finla1 Reportin% Stsndard uppli¢able in the UK and Republic of Ireland {FRS 102) (effective l Jonuary 2019). Objeodvts and aedvltl Objertlvm Ind ilmi Durham A WI atE C on on Single HoIng Lirnited IDASH) a chArity thai prDvides accommodation wilh 5UPPOrt to people er hOnleSS or ore about to beeome homeless. We provide N sm1 amouDI of UTh8UPFK)rted housing ai affordable through our Kepicr Homes brfjrMI and wovtde a prcventalive sUrt $ervTCC offering Counly-wid¢ We ¢8n aceomThMtht¢ UP ¢0 55 people in our 8upporte4J prop¢rtiey for up to eigh¢n month& Our aim is io provide supgx)rtive and &labl¢ envimnment in ord¢r lo w'v¢ people the best chan¢e of addres8thg the problems that cauyed their h¢)m¢l¢sJTKSS and thereby an opportunity lo move forward into ind¢p¢nd¢nee. Our ¢haritsbl¢ objectives ire: l ) The relief of pov¢rty. in pArti¢uJ•r by the provi5i0n of¢harttable so¢il housin8 to Feople in necessitous 2) To pr(ffKrte the caTr. edu¢atioo and trainin8 of peopl¢ with A meN•l or phy8icAI di5thillty. We r*hi¢v¢ thi8 throush the folk)win8 a¢tiviti¢S: I'he provi¥ion of supported housin8• A m)j+Xt spIfiCallY forwomen facin8 muliiple complex needs; Enhpncal housing mana8emonl services: and A pveventstive Suprt Iffvice ptoviding dropins, virttill support and outr¢aih Suprt. (kn misslon: EveryoD¢, r¢8ordless of c4fcumJthrw. should hav¢ a fundAmentAI right to a pl¢ of ih¢li¢r. help to rebulld Ilieir life. Publk benellt In sh4ping our objeL4iva for the ye4r md planning our activilie%. th¢ Irustees hove considered th¢ Chorily Commiysioii's 8Utdance on public benefit, includin8 the 8uidance 'publi¢ benefit: rnnning a charity IPB2)'. Page I
StrnteO¢ report Achlevemont •nd perforrnM¢¢ Charft•ble A¢tlvlth% Perform•n¢e During the 2024r25 financial year DASH rtrtived and accepitd a iotal of 483 r¢furnJs. a Significant de¢regse over the 1.132 referrals received lasi y¢ar. Th¢ majority of fTrKse wcrc for our Hary MeaTr How rcc¢iving 156, Autor8 received 80 with Orion [e1VIng 140. All Tefertals for these SeTViCCS now refrJd Ihtough the Gateway qJerad by Ihe l)utham Mgntsl W¢llbeill8 Allia. which may gccount for the decrease in referrnl numl>ern The pilot scheme. LUCK receiving refeffals dirty Iwl 107 [erIals. 330h of refeTrals wat rettived from the Hryitsl DiKh8e Tw wilh a futh 21Ph from Ik4sin8 solutio the Durham County Council Homelcssncss TeallL •1 IO% aq self-eTh The remai8 3Ph wat from a mix of awKies. Mentsl Health Teams and knial Prucn The He41tl H(wing and Well1n8 FI(1 8ctive fr(xn 15 JBThuary 2025. reL%ived 579 referrnl of whi¢h 505 wae The lllliOTity of thEs< 63 self-fffenab vi• lekpTrKMK or with 35% from 3dvi¢¢ 498n¢ies and 14% ftom HealtClaIr4 Is¢1 Resour¢ T] Hospi1 Di schen Ills be exteth to include ofi add11i 5 prepthes and will now run until Janwy 2027. Flb#ck from Durham County COU11 the scheme so far has bee 8( and we htye the scheme will bc extended from a pilot into a fvlly fiu¥tsa a)MnOned 5eryiLr. lith the ststTing review compltsuL w¢ wur in a bid for a Housin& Health & WdlbeÉn8 Floatin8 Support Seryi¢e, n8med the Wel]Nest Servic& The eontraw weat live in JanuAry 2025. imlving a TUPE of st8ff. and was very quickly fvlly operntionaL This involv&q operaiing a numbcr of dwin sessions acmss Counry Durham and providin8 CVtii)ns for vitti] alld outreach siipwrt Assistanr¢ ¢an be sY0vid 4r(wnd forn) fillin& th(y. help claiming apprnpria wclfore benefiLq and lping to achieve and ambilions in trainin& employnxnl or volunlruing. During the ye4r we contin1 to review w syans this led the de¢ision to Wade thE Clicni Rec(Yd Mw8ement sysm. The miwtion t0 the Dew systh w45 completed befttt th¢ of the year And #ll staff hive r¢1Ved trAining on this Jysm As as I1511n8 to maittlwn utilising ¢tsrr SLYUrity featrjrcs. we to bc abk to more acantcly ou¢Lrn residents have achieve414ThJ the s•rt time that each resident bas received. Fundrtsln8 Ind do•4do oniinued kn SF<nd fimds fTrxn Bathmr aTrl Hedky Founda In wl we receiv&1 £6,464 in th)nall 1knall were Teceivcd fr(xn lknlwn Univ¢Trity. in¢luding a numbw of ev¢nts and coll¢ges plus Full se St Bran&Ms CIMJfL and St John4 CIMuch Ncville¥ along with a nurnber of LE1VIduAls.
StrAt rqmbrt FlnAaclal revlew Prln¢lpAI fuDdlog Urt The charity has two pTIm sThwces ofrevenue income. FiTStly. the and scrvice Char which w¢ ¢harg¢ th¢ residents of both ow Sup aUmm(x1tiO11, and our accommodlltion. As most of our provision is s•. the majority of our lEnl ITILvme 18 via Housing BenefiL Tr remaiNler is t4NJ direct by Sidents or via Universal Cre41ii. Secondly, we receive ing from Ihham Cow)ty Coun¢il, through COmn(lg Serlices relDlin8 lo Adult Servi¢e& which helps us to wovide tsilored Sup1 io our vulnerable residcn Flmntlal Rlsk (kn Durham CouDty Cou1] fundin8 for our IwiD8 ¢traC(S h8s been renewed uniil 31 MaTch 20?6. Beyond ihis il is not ya known whai LontracL¥ moy be on offtr. which ffttially has a siBnificAni impart on Ihe level ur gUPPOrt thit we would abl¢ w provide. We algo h¥v¢ k the-year c(mtrxa to provide A Housin8. H¢alth & W¢llbciny Floatin8 Support S1¢¢ with owions to extend f(Y i further ¢wo years. pwovidin8 a level of su4rJnt¢cd income for th¢ n¢xl few y¢vs. Support ij off¢ffd w our Mmlents to moke Yments ¢owarth their Mi and sThice ch4rBe& however ihert will inevitybly be LKca6ions WhebY a Mldent leave6 whilm in •Yeart A PTqknion of bld debts ar¢ written our business plan itt t0810 that money ij • fr4u¢nt WPPM Deed lor pwple WI arc unable to manw In unsupwtcd trnay: this will coniinue be caTefidly mtinitorrAI to ensure fi8ure¥ Mnain at a mana8eAble level. IvaemtAi Poury and obJ¢eifves Th¢ Charity re15 its surplus fvnds on de1( wlih a numir of bkS and or8an1%io. The •im is to spreAd fid8 across institutions to mtnimix the ri8k¥ from Y U1VIduAl or8&nisati<m. Alth8h some money is held within fixed rni invcslmcnts. we ensure thai enough r¢smics are availb]e al relatively shLYr nrtiee so that the clwity take thanthge of•ny withble opp)rnwilies should Irise. including the purehase of further rental I0mM0110ll expwxl our ¢Xiin8 pmfolio. The mana8¢mcnl CmilIe¢ hts exwn11 Il Ch118 fvndio8 wuirthwits for working cqpital and in the ev¢nl Ihol li uld not Continue its activities, it ¢onsidff5 that UfftstrKied fre¢ re5erv¢s, Telaiin8 to six months runninB Co$ or £1,052.136 need be set aside th covw ¢XiSlin8 ijbli841i0Th5 on a forced ckksute t45iY. Although the res¢rvcJ WTrently stsnd Q048.093 1 prryjnion of this rela to freelKld prnpety. The nei book value of fr¢ehold prqjerty as al 31 March 2025 £l.(Nl.$94 which would not be easily convertiblc inlo ¢ash kn pay ihe operntin8 ¢osts for the clwity in the short trmi. Value for Money We rwis¢ thpt if we want lo deliv(t our Jtyafwc ainu w¢ need to crcate a balancc of ¢os( quality and benetit lo our residents alkl busineL8 xro&% all our 8erYiees. By ¢nsurin8 that everythin8 we do is &8 ¢ITective elTicient rLssible. any L•PaLity within our can ir reinv1 into xrvK%S tt) fiffiher our clwitsble thiectiVV4 klpin¥ addilioNI people in need.
StrAt¢gk reporl FIDIDCIAI revlew Benchmarking is imtK>rtani to any busirn li provides key compwis0 with Simil organItIOnS. lbling understarKlin8 of 5tr¢ngth and weaknew and undttpinninB an evidetitt b¢d aPprh to Te50urce allocation, cost r¢du¢tion and target settin8. Thc or8Jni58ti,S operating costs a1 kry firw)eial indicators will be benchmaed annually using a varicty of sourLw including fft)m the R¢SuIOr for Socia] Housing (RSH) Global Acwmts. We huve alw LarTied oul a Teview of the Housing Se¢ior sird and whthe we nd in io the mlts for 21124r25. This scorecard is split up into fNc thens: Bu8in¢&q Health . Thi5 dern0 how meetin8 the chollry of runnin8 successful IxL8ineJw while fulfilling our social missio Development. CaPlty #Th4 Supply. Thi5 1kmory the ¢•PilY of the Wi¥JliLm lo dcvelop new 1me$. Out¢omes Delivered. This ffleasm the %rvices delivered w existin8 tailnts. Effective As8¢1 manageff. This is IKIW the looks after the sets we mw. Op¢ratin8 . This how deliver Val for ny)nry throuth our stsalw Md operational choices. In April 2018 a new Value for Mow StsrAknI intivthed by the Rewkn. with a yectw with get of metrics which aid5 direct comwis b¢twKn hLwJin8 providen. These metrics are included wiihio our kry perfornItre indiL'alorn btlow and deno¢¢d with a Buslnem Health (>rillt Medkni Qrtlle Qurtlk P¢rforman¢e Op¢rntin8 rn1n (ov¢rnll)' Opu3lTn8 maT8in (xKi•l hou5in¥ lettin85)' EBITDA MRI (as% interE5tI' -64.16% 4.11% 12.(XPA 18.20% -64.16% 4.11% 14JO% 19.81H 25JIYA UA NIA 128.4% 169.3% NIA EBITDA MRI . Earniny before Int¢ TaK IkwecialTon and AnKYtIgaii- M•iw RVITS Iluthd As a sm411 spxiili$l SupptEd housin8 provi&r expea to iw highry thon other providcrs and therefore Mttain A lower oFrntsn8 We rnmped up our Fyow of n>inten last yejr, followin8 sorDe eovid rel#ted dellys lo plannfyl Dintenance re01n8 Iwr oWional for yw. This yf4r io mole usual Icvels. A8 we do n¢A have my cunenlly the EBITDA TKtriC 18 MTrowabl DeYelopm¢nt (Capdry & Suppty) 2023114 2•24QS T11 Medl•o Qlllrtlle Qujrtlle P¢rf•rni••¢e Units developed {JlMolute) New supply delivered % GeariDB %• We wY¢ha8ed • PTOW 1&st ye8r. which small in •bSole tern 13 prI)ort]y siwfic8nt for 8. We do noi awrcntly have any lo$ and as •n trfefcr to finance thl0]x) thrEb other xw¢es of fundiD8 wh¢re possible arml apwipriate. As a small .specialirt SuPrtaI h(Mlg provider. we have a $MleT •5set i)L to set agyimt any loans atsd a lower opernting marBin than othets within the iodllity nni$ •ry loan would be of A higher risk to uy. 16.(MP NIA O.(KP/4 PUA 2.21P/• s4j/ 34.10% 45.6(PA NIA
StrAtegle report Fknb#nc1 revtew Oyteomes Dellvered 2023124 2024n5 Quarille I Medi4n Quirtlle Qu4rtile Performance Bottom Reinvesttnent V6. 18.08Yo 5.20% 7.71FA As a very small provider the reinvestment metric will be subjected io massive peaks 2nd troughs dynding on the st#ge any development5 hav¢ r¢a¢h¢d. The refiwbishment of three of our properties has had a sigoificanl imp¥¢t on our mcti7c¥18St y¢ar. despi Ill8 small in'real, trrn Effe¢tlv¢ Ass¥¢ 2023124 2024125 Qllartlle Medlan Quartlle QartI1¢ PerformAnte Return on Capital employed (ROCE) OA * Oc¢upan¢y -28.05Y 87.tMYA 2.48/0 82.(W/(t 2.20 /• 98.90% 2.800/ 99.50Y 3.4(P/. 99,9/0 Sec(md As a small provid¢r a void property has a large impact on the percenthge of occupancy. With some prop¢rties Un&4118b1e at tim¢s due to rnaintetw)C¢ WOts, ttnd a new pilot sch¢m¢ ing 8¢t up and expaNled after 6 rttonths. occupaY waj lower than anliFipateiL bui should iniprov¢ next year. Operatlng Effl¢lendes 2023n4 2024125 Quartile I Medlgn Quartu Quartile Performnee Hcadlinc social housing cost per unit £ Overhead5 8s Vo adj$ted £24.885 £23,117 £4,495 £5.136 £A350 Top NIA NIA 10.4Vh 13.35Y• NIA WTth the addition of a pilot schane. ¢urrently. 5V/¥ of our knusing wision is SLwponed. significantly more thutt the majoriry of other suppirted housing PfDviders. As a sittall provider the increase tn cosls due to iiiflation h&4 liAd a significani impact on the cosi p¢r unil wiihoui any significant change in how lye owdtc. We also coMpled some pled maintenance that had been disrupted due to knk¥On Cffecis of covid di5n4)tioa, increasing our exp¢nditure last year, and continued ¢0 improve Ihe condiiion ofall of our strKk this year. Key to Quartue Perforjnuce Top: the top 25Y• of ossociions Third quartile . above median but n(X top Sccond quartile: below median but not tx)ttom Boll<)m '. the bouorn 25% of a5SOCi&ions Telloucy Sathfa¢tlon Measure• Tenant satisfaction measur¢s were introduced from ApTiI 2023 as part of The Regulawr of Social t)ew conSur standath to provide custom¢Th with greater transparency about how their landlord is perforniing, SUPPOffing t¢nAnl led scnAiny. focus ¢)n our own rroM13ncc infomialion. diese arc known Technicel Mcawres. Twclve comc from survey Tesponses where Txte things includin8 repaits. home and neighbourhood quality. Thcs¢ Mr¢ known as Perceplion Measure5. As a small provider, we hRve Eak¢n o census approach, and all peiteption m¢asuTrs are calculated ditlY from those tume¢L Our aim 1$ to conduct two a y&tr, approximately Six n)oniFk8 apatL lo gain a widc consensus of our resid¢nis a¢TOSS the year as a provadcr of primarily short-t¢rnl aC¥ommLKtstion. We aim to report th¢ results annually, a small pmidcr. we are olllyrequed lo rqrt evcry Iwo yea.
ON Str#tegk report FIn1nd revlew A% the second year of collating and re&ing thue it is enLxwTrgin8 Ihot 11$faCtion with the indi(xds llpprOh lo handling complaints h89 imNDvcd significY. Many of are Similar across the two year aliliougli il 15 difficult to &scenain trends as yrt Satisfa¢tioo with Tepits drwd although time taken to ¢ornpltte IhL' rcpair ha8 impTovcd, It is worth noling that as a SUPFKfflcd ho$$n8 wovidcr. offLYiftg accom()n for up to 18 months, most of the 5urffjs will be completcd by individuA15 wJx> havc nL compjthl 0 pmiously. Thi5 makes il more challen¥in8 lo compatt BCTOts xllrvty5 dirrereni indlviduals will have dilTeThl p¢claInY 5]m)lL mmy be dirrftly related lo incidenK I18h the dat• slM)uld srill provide 881 trends. Thiy 18 the firsl lime we oblc b¢hMark (Mr rt5uIts with i)ther 1181g 4sxKiali(Th The RSH have b]iSta thc mediati dth from Noviders with OVCT I(KKI units. Pnm•rily DASH is orin8 consi#Y bi8ber the mediaTh With a couple of exccplions: notsbly comp]aint& It ij worth mnuthrin8 th•i DASH is ¢(KtivelY sDull. and whillt the Iculation facto it to o of l(MY) unil& I wyujlaini will alm1 si8nifi¢•rt becauK of our $i2¢ It wi)uid be uorn11lc lo exFttI not to receive any eomptsinty viev conylaiots valuabl¢ OPtieS for learnillg ond providing ins1O inkn weas whcT¢ moy ¢nhontt w poli¢1 or standll prnclic TeM•t $4tlrfs¢tlon M¢•Mrn. Medl•n TPOI T12 TPU3 Overnll 5Dtisfxtion Satisfa10 with Tepairs SAiisfaciion with tim¢ thkcn to ¢onwle nwst rttent replT SaliJfa¢lioD Ihpi the IM)me ix well maintAined Satisfaction thai the home 1$ loft Sotisfaction that th¢ landlord liM¢ll8 to tenant views aN4 acts upon them Sgtisf8Ction Ihat the laNllord keep5 tenants inf0md oboul ihin8s that m•n¢r io th¢m TP08 ABrent thot the landlord rairly And with reap1 SAtiSf10 with Ihe larmllord'i apwh lo handling Complaints TPIO S#iisfxYion the laTrJloTd kttps commuMI artas clean I1 well 71.31 72.30% 67.40% 94°A 81% 85% 95Yo 93% 70.80% 95% 85% 89% 76.7CP/• 60.41P/• TP06 TP07 95% 93% 70.3(P/• 95% 93% 76.81fh TP(19 63% 34.50Y• 82% 71% 8otiJfaction that the landlord mAkex
silive cryktribution to nei8bix)urlMxM15 Satisfaction with the larMllord'$ appnxeh io hjndling anti-social behaviour 63% 115% 63.1( TP12 S7.81PA Tellt S•thf¢tioA Mewrtt- TechDl¢l Compltiints latIve to the size of the 18ndlord. Stsge l (per i.IKJ) hom¢s) Complaints TelHtiv¢ the size uf th¢ lindlord; Stsge 2 Iw I,IXMI homes) C.omplAints re5K)nded to wilh Complint HoTKllin8 Code iinKxales: Sw I CH02 Complaints io with ConWAint Handling Cod¢ iimescaks: Stsg¢ 2 NMOI Allti.gocial iKh&viourcnses rekn11 w the sixe ofth l.(KK) I5> Anti-511 beh*viour¢gses that involve 8 hate illcidt ftkntiv¢ to the size of the l•ndknd Iper I.( knn¢s) CHOI 67 91 42.5 CHOI C.H02 %2.3 83.6 36 35.5 NMOI
ON HO G LIMI Stratryk r91 Fknnclai revl¢w RPOI Homes th81 do not meet the Det• Homes Stsndayd RP02 Ryirn ¢ompktcd witb laryct limc (nonTKrgency) 0.50V. 81.31P/ty 95.3Wo {emer8ency) (ias S8fety ChKk8 Fire Safety Checks BS03 Asbesto8 fety a BS04 Wattr Safety Checks BSOS Lift Safty Ch IIMP/ty 651AI 9).9tP/• l(M)Y• NIA NIA KIA I (KPA The wo¥rnmme of fteshmcnl continue& All the work iniiyally identifKd has bcen completed. leavin¥ u rollin8 Pfogramm¢ of planned maintenan¢e. Minor refurbishments will ¢4)ntinue to each pmperty in4)etwcen resi¢J¢nts TO maiTh1n all prnpertie5 to a hi8h standard We will atso review our existing pmvision to d¢Eerniine ils sulfabiliry moving forward in a chs1n8 mwkd and wjthef we need to s¢¢k addiiionll or alrnaiive properties io provide We will ¢(rtinue to look at wwj explore &¥tlopmi and eX10ft (yportrjnities in 4 variety of fufmats which may be phasin8 or Ee85in8 exithing housinw, slI0n 106 ry4weni¢s wiibin new IlId ¢¥ts14 or exisiin ildings %h u pubs orchurth buildin85. Thc twYear pilol HospitAI Dix'tw Schcme hu bccn very yucc¢ssfut ond olrndy been expanded and exlcndLId. The next st¢p is to exiend the 6chem¢ kyord a piloi INO • fully fvnd¢d scrvice. W¢ will also rontsnuc io explctrre othcr contr¥t or pilol opF¥Munilie5 a% they arise. Strnclur& %¢)vtrnance miM8ement Governln8 doeumtnt Durham Adion on Sin8Je Howin8 Limitrd is a Chori14bl¢ Company limid by guarn0. incorpDrgi¢d on lthh F¢thry 1972 (under tk of 1hIM CyMi¥n5 Limilcd) Tryiered 8$ a charity on lh¢ same day. ThL eomtw Wa8 eKabli5h¢d under a Memorandum of which set oth the cbieas knd wers of 4 ¢hArithble ¢OrnFwny 4nd is governed under its Articles of A3xKiaiiLm. In the ev¢nl of the compxny being wowMI members ar¢ rquiTed 10 contnknts •mOUDt not exceedin8 £10. The ASl110n regiered with tk Hrn r.n8land a Re81CTed Provider of affonlabk and so¢iJl Fwsing under the Housin8 Act 1996 on the 21Ih Mrcb 2020. Tnte¢S ole •lllomiI1lY fEtiYed by rotstion every thre¢ it Ihe anmwl gencrnl rne¢ting bui are eligible for re t1110n wh¢re ap0p[lI1e, Annually a skills a111 is conducled by the ¥s11n8 Trustee& which id¢nlilies g4ps in knowled8e within the Bo•rd Anyone thinking ofjoining the Bomt ot Tru will k invitcd io attend meIng5 Us an obsttver before fornully jtiilling the boanl. Training is provi(knl 10 811 BO4 lexisiin¥ or new) where ilie annuol skill¥ Iw xlentifid a Bp iti knowledge or new lewsl&ion has (Kcurred The ¢haTity has i Tntsle¢ B(rd wilh our Jthnding orders allowing for up lo 12 members. currcnLly owaun8 with X membery who nxet on a bi-monthly b&81& In altI0 stsff. includin8 the Dirttknr. th¢ olon$ Manager. and thc FInae and Admin Man•8er atleod the trfjard mcetin The Goveman¢e documetsts coMinu¢ to be reV1¢w on 8 rpllit)g progrrn with the Board. In January 21 Ihe Board i¢d the 2020 NHF Co(k of GovernAe WMI NHF Code OT Conduci {?0121. Th¢ Governance and Financiol Viability Stsndayd ¥nd the other LxonLYnic std& sclf-asses*l •s conyliant in May ?025. Pa8e 7
The Bovd of Tn¢¢¢5 15 8180 clmvnilted miintaining re8ulu dialog with Hofftt England and the Repdator for Social Housin8 (RSH) lo charity to thc sthn&1OId down for Rcwsla&l PrOth. A bu5in¢5S It¢v¢lwxnt plan i¥ Maint un Jn onBoin8 given i full UpWrtiti and thwats (SWOTI anAlysi& Th¢ BlnesS Coniinuity Pkn and ts Ri& Register will be reviewed by the manag¢rnent l¢am a5 Fffjrt of the review of all JCTVi¢C provisi(m. Key m•ngement rem•A¢rnti•o Remunerniion 15 reviewed annwlly by the Board of Te¢S by rcvicwin8 of infiatiiML iNlustry f<%5 the Real Livin8 Wa8e. Any py awuds for 811 statT ilUdIng ue apNoved by the Bord of TAwie¢s. The B( remains commitd w offerin& as a Minimu the Real Living Wage. Reference •nd dmlnhtrativt detli• Rtglslered Company ttumber 01041946 (England and Wales) RtRtst¢r¢d Chrlty Btsmber 501556 Regts¢ered olll¢e Hudw Hous¢ Gort Place DUdrn L.ounty fJurh4m DHI IEY Truste C J Clry (ChaiT) (Tesi8ned 20112r24} V Hulliday W Manners B Crnven {Chair} (appointed 2711 In4) C Ri>ok (r¢5i8n¢d 9nr25) M Costello (resid 3(Y1125) P Samuel (Tteasur¢r) C Ti8h¢ A Toes M M¢Gui8an {rtsiBned 516r24) S Henderynn (4pkK)inled 2(YYU) Senlor Stlttytory Audltor S Daviffj MMail4 FCA Audlto Miichell Gordon LLP Awountan15 and Siatulory Auditor 43 ConisclilTe Ro Darlingion Lo. Durham DL3 7EH Mark PrinD. Dire¢b)r Louise Ridsdale. Offtions Mamger Hcathcr Withun. Filla & Admin Man 5087
DU TED The tr[ceS (wlk) are also the d1Clo of thwham AC11 On Single H(wing Limited for the ofcompany law) atr rwiblc for pwg the R9 of thc TTuAtts the sents in accordance with &ppl?cable lilw and Unid Kingtkn Aw)unltng (United KIN&¥n Generdlly Awed Acllnting Prnctice). Compony law Ihc trthstees to prqw¢ f]la1 stats for e&h financi y¢4r which give a true )d fair view of the stste of affairs of the ¢harithble company of the incoming ruOUr and appli¢atioD of ftsourcc& including the Inc 8nd ex11(Urt, of the charitable compw that tn pr¢pariti8 those financial staternents, thc seled suitable accounting licIeS and th apply thcm consisnily. . ob5eryc the mcthods and wnKiples in the Chariry SORP: . slate whether applicable Ac(lIng sil1 have E¢en foll4NaL sthject to any material deprttnu disc105ed and explained iti th¢ finaDri81 staicmen cryany will continue in Imsi Tr WE k for krying twpcr rttLMth whKth disclose with rnxThbk al ¥ny time the fitWlCi81 position of ts ctharitsble ¢onw and lo enable them io that the statements comply with the Compani¢8 Art 2fKh5. also respcmsil>k for safeguarding the &ssets of the Gharitable company aNI h¢nc¢ for tsking reawnable 8t¢ps prev¥)tiw detection of fizud and other iwlartli¢& In so far as (he trustres are awlrc: th¢ is no relevlnt aj11 infom1< ofwhich the charilabl¢ audiU)ts at¢ unaware. and the trusttts have taken 811 sty thai tky ought to tsken io make thVeS awaff of ony tElevant audii infornmtion ar to esrablish that the audilorn arc aware of that iDfmtiOEL A•dlton audtwr4 Mii¢hell Gorth LLP. wiu wop)sed for ft4pp)iNmellt at the forthcoming Annual Genernl Meeting. Report of the trus¢ee& incorwahn8 a strat¢gi¢ rem aKYroV by of the iwrd of tswiee& as the company directory on 25 Sepknnber 2025 and sipKd on the bowd% iyhlf ty. B Cravffi -Tn
udltOT8 to the Mtmben of Opllllo Wc have audikd the fmancial St•ten of Action On Sin8k Housing Limit4 (the 'chllTitable a)mrAnl) for the yew ended 31 March 2025 which comwise Ihc StstewKnl of Financi Athilie4 the Balance ShL the Cash Flow Statement 8nd the fill111 stateiW ild8 a of significant cOting plicie& The finkrKial reportirtg frarnework th81 hD5 been applied in their preparation 13 awlicoble law arml Uniied Kingthm ALwuntin8 StsuKtsril¥ (Unitcd KInn Generally Accepted Ac£ouniin¥ PrlICe). In our opinion the finAncial sthtcments: give a true arKJ fair view of the sw¢ of the dwit•bk affaiTh as 31 M•rch 2025 and of its Iom re50urrts and 4wliuti(m of vesouvca its irK4)Th and aPUKlittra for the year then ere¢l. been pmperly pred in accordw with Unid KiD8&Kn Gcnerally Acceplcd Accounting Prndice: ond . huve been prpad in accorda¢ with the Tequirn of the Comwiu Ad 2(X¥). BAJIS for oplmlon We ¢ondu¢red our 8udii in acc with IntenJatiLMwI Stsndarth oft AlitIng (UKI (ISAS (UK)) a1 applicable law. Our ff5wJn5ibililies tsnder thosc Sts1 further dC5ffild in the ALKli1015' wnSibIlItieS for the audil of the fin8ncial statements seciion of our rewt. We aff (Xknt of th clwitsble ¢omwy in actordance with the ethical requir¢ments thai aTe relevani to our audii of The financial statcmcnts in the UK. ilUding the FRC$ Ethi¢81 Stsndud. ond we hove fulfilled our other #hical r¢4x)fisibilities in ¥COTdance with thes¢ requirn1fy. We believe thit th¢ audit eviden¢¢ we have obtsitied is sufficient Arrfl appn)PTiA¢e k) provide i basis for our (yinion. Conel¥OoDi Ytltln8 to gokng emcern In auditins the finI1a1 Matemenffj we lfft ¢(w1U¢L the ffityte¢s' of th# 8oiD8 cthKern buil of UnThn8 in Ihe Pwlion of the financial sillements is 44lrlv. Boged on the WO wc have [rfne1 we haye identified my mwuiil unCatsInti rekntin8 to ents or wndiiiLW Ihal. iThITviduolly or wIltly¢]Y. may si8nificml thuln on the charil¥ble compan% #bility to conlinu¢ a 8uin8 corJc¢m for a kwiod of at kwt twelv¢ monib from when the finwKial StsteM aTe authorised for isMe. Our respoo¥ibililies aThl the rewuibilities of the ttustees with rw to 8oin8 described in the rrkvlnt xriioll5 of Ihis r¢pvl. Oth¢r Infomtlo• Th¢ trus5 Are responsible fcr the other infonmtion. The other infemwtion comprises the infornmtion included in t Annual R¢port, other than the fimncial st#tmKnts our Rqm of the Indepeth Auditors thue(m. Our opinion on finKIal sthtemenis doe5 nol cover Ihe otlr tnf(ym1t exLrM to the exlent (therwi explicitly in our rem do apre5s any f¢)nn of •$sur Concl1 thereon. In connection with our audit of the financiil Trr rwibility i¥ lo rtJ the other inf0mtic in doin8 nht4intd in the audil ftr ¢rthei lo be m4wi8lly miAststtd. If idu)tify Mer1#1 IonI1$1eTrC1es or financial Stants th¢mxlv¢& If, based on th¢ w07k we hve wfomK4t we corKlude ih•l there is 4 maleriol misstateynent of this other informatw w¢ •r¢ TwuirrAI to r tTrAt fAcL Wt ve )ng lo in this regard. QplnloDS oft other m•tten praerlbed by the Compnltt Aet 21106 In vur opinion, basE41 on the wurl undaluken in the fOUT5C ofthe Mudil." the infonnarion 8iven iti th¢ RepLYf of ihe Tree$ f¢x the ful#n¢i year for whicb the fllMn¢ial SlatfflDts prepared 15 co815nI wtth the financial 818meDLS: •NI Pa8c 10
Om Sln Ho• MAtters on which we are requlred to report by ex¢eption In thc lighi of th¢ knowlcdgc al Undending of the chritsbl¢ ¢ompany and ils cnvironmcni obtaincd in ihc couw ol. the audil we have not identified materid mi4slatements in the Report of Ihe Trustees. We have nothing to report in respect of the following matters where the Companies Ad 2006 requirts U5 10 report w you if, in our opinion., athqua ac¢ounling yedS have nol been kept or returns adequ&te for our Uudit hav¢ I1 bKn r¢ceiv¢d from branches noi visited by us. or the flnanciai ststements we nol in 48reem¢nt with the acaJuntiT)g rtords and re. or ¢ertain dis¢loguffg of thItt$, remunernlion specified by law are nor made; or we have not received all the inforniation and explanations w¢ require for our oudit. As expl4ift more fully in the Statemenl of Tts, Responsibklilie4 the INstees (who are also the directors of the ¢harilablc compony for the purFKWS of company law) are responsible for lh¢ preparation of th¢ financial slaiements and for being satisfied that they 8ive a true and fair view. and for sh internal Control AS the tNstees detrrmine is necessary to •wbl¢ the prerAration of fm4n¢iol Sments ore fne from material misstatem¢nl wheih¢r du¢ w flaud or em>r. In the fu181 statement& the trtEe9 are rwnsible ftir &18ek8in8 tIK ¢h4rit&blo ¢oMpan$ ability lo continue ay a ¥oin¥ conm disL'losinB. u upplirthlc. maith relatcd t(> ¥viny LollLfrn and using the going L1mL'em basis of accounting unl¢ss the Iruslees either intend to liquidaie the charitable company or io cease opernions, or hJve no realisti¢ alkmativ¢ but to (to so. 04r re31b11l for the audlt of the flnAlldAI Siitemtnts Our objeclive5 are ubtsin reasonable assurance aL)Ut whether Ihe rtnan¥ial stamenLs as a whole are free fn)m material missta¢emenL whether due to fraud or ¢Tror. and to issue a Rewn of the Independent Aiidttors thai includes uiir XniOfL ReasoOble &wllall is a high level of a5suranc4 but is not a guarantee that an audit conducted in ¥cordance with ISA¥ (UK) will always detect a material mi&slalemenl when it CXiSLs. Mi&slaieinenls can arise fmm fraud or em)r a1 are considtted Materi if, individually or in the a88regate, they could reasonably b¢ expected lo intluence the Jntsmic deL'isions of users taken on ihe basis of ihese funCIal sla1entS. The cxt¢nt ¢0 whtch our proce(hw are ¢4ble of detectin8 wregularitic& including fr8ud is detailed below.. Our approa¢h to identifying and assessing the risks ol material misststement in reswt of irT¢8ularilie& includu)8 frnl and non-compliancc with laws and regulations, follow4: the ¢ng4¢ment partner uisur¢d thai Ihe engagement tearn collcctiv¢ly the appmpriaie compelLmc capabilities and skills to idenilfy or re0)58¢ non40mpllance with appli¢able laws ond regulations; we identified the law8 and re8ulaUons applicabl¢ to the company through discussions with dir10 and other man4emenl, and from our coulln¢rcial knowled8e aod experience otthe sectors iu which the conwDny oFKrntes' we focw*l on specific laws regulations whieh we considered may have a dir¢¢i matrrial effed on the financial stst¢ments or the OPL7ations of the charitsble company. includiny Ihv Comp4nies Acl 2(M)6. Charill¢¥ Act 2011. Homes En8laDd Regulator of Social housin& tsx&iion lryi$latiO dats Nelon compliance. gDti-bnkn. employmeni, envirL)nmcntsl and health and safety legislaiion: w¢ a$s¢ed extrth ofcompli8nce with the laws and regulations identified abov¢ through making enquiries of management and in5Fwling legal ¢orre5p(mdenc¢: and i(knlified 18W5 and regu14tions were comTnuniut¢d within Ihe audii team 8UlarlY arKI th¢ l¢am Mlned alert to insthnces of non<ompliance ihrou8hou¢ the audii. These procedures did not identify any poienlially mat¢rial actual or $iispe¢ied [n-¢0Mpli8nce. We a5se5sed ts SUSCePiibility of the ¢ompany'$ finan¢iAI stalemenLI lo rnat¢rial misslatem¢nl. in¢luding obtainin8 an understrnding of how fraud mighi o¢cur. by: making wuiries of mMa8emeat A5 to whcre they considered ihere was susceptibility to fraud, th¢ir knowledge of 4cw41. suspected and alleged fraud: nsidering the internal controls in place to miti8are risks of fraud ond non-complice with laws ]d gulation8. P88ell
bers of To thITe¥y the riyk offrnud ihrnugh bi& and OYaTidc ofcontrol¥ we. perfornied ana]iCal pr(Kedures to identify any UnUal OT UneXpted xitential b invcsti8ated the rnlionale ixhit)d SI1r1 or unusual DansxtiL included. but were no¢ 11rnia kn: gre¢ing financial sthtem¢nt dijclomtrrs to wthdyin8 S5n8 d0cumtst1. reading the niinutes of net1 of those Charged with 80Vern#t. enquiring ofminaBemeni 10 actual and POnlial liltgation and clai revi¢win8 cownden¢e with HMRC and the ¢ompany¥ legal advix)Th. Owini 10 the inh¢r¢nl limithli(xty of JwtiL there ti unawidable risk w¢ m•y not hve detected some matcrinj miqsiatemmts in the finw)cial Staten evm though hvc pyoputy planned and wrO¢d our audit in accudotte wilh I1[11¥ stgnd4rdg. For u•mpie, tht further K)Ved with I¥ I1 rexulatKW 1$ from the eva and transactions retlected in firwKiAI stst¢ftw the kss likely the inhewently limitcd prncth requirnl by auditing thndard$ would identify IL In addilioN as with •ny audiL tlre a higkn risk of of fra as these miy involve collusion. for¥cry. iolenii¢J741 om1w1() mI¥wrnenl4ti(N, or the UTTide uf intrrnal ¢ontrol%. Our Wmlil pnKY4IU are design to d¢ie¢r rnrial misatuwt. We art wible for wevcntin8 MwliorKe of fraud and be ex1 to dete¢1 n(trwlian¢¢ with laws & re8ulaii C.ouncil's wd>5ite al %Vww.fr&(ryUkl#1IomwblIItie& This dCKri0i forny pn of ow Rep of the ]ndql Auditix& U ofovr rert This repon is made solely u) th¢ ¢haritsbk ¢onynrfs nKmb¢rn, 48 I body. in &aMlance with Chapter 3 of Pth 16 of th¢ Conwantes Act 2(N)6. Our iudit work been undthell that we mi8 swe the ¢b4ri¥able compn mcmberx ihose mattern we are required to Sthte to them in 4n I1)¢0, TeF4Mt and for no other pwpo•e. To the fullest extent permitted by law, w¢ do Accept or wurne respnsibility U) wone other th•n the cbaritable compAny aDd the ¢harilobl¢ comptyngs m¢mbffs as a by. forour aAll worK this rq)ort or for the Iyinions w¢ have fomxd. S Davies. Mmath FCA (Senior Swuw AlItOr) fur and on behilf of Milchell (iorth)n LLP A¢¢owts•nts 8nd Statuw Audi 43 C¢)niscliffe Ro8d DadInOrt Co. Dutham DL3 7EH P4e 12
DU GLI l Mareh 3113125 Total 3113ll4 Tothl IAeom¢ and endownKnts frnm tknnali08 and le8acies 6.464 10.117 16&485 .102.970 1271.455 707.796 32.502 32.502 19.075 Total 207,451 I.102.970 IJIO.421 736,98g Expettdltsre OB Charltblt ttirftl Charitsbk ¥tiviiies 214.2 1.042.595 1256J97 .119.828 NET INCOMFJ(EXPENDrruRE) Transfers betweeH fund8 (6.551 (432) 60J75 4321J) 53.824 {3¥114401 20 G81Th(lO} on reva]uation of red 308.750 308.750 190.IX)Q) movemeat In funds 258.999 103,575 362,J74 (472.840) Reton¢lllxdon of funds Total funds bTought forward 1.681.167 4,352 1.685.519 2.158.359 Tot81 urrled forw•rd 1,940.If 107.927 1048,093 1,685,519 Page 13
Ll 3113r25 Total 3113124 Totsl runds Unre5tri¢trd Rcsttithed funds N4)tes Flied assets Tangible assets 14 1.111.125 787,186 Curmt assets StoL.ks Deblors Cash at bank ond in halld 15 16 476 155221 868.520 476 155221 976.447 236 61.079 944,786 107,927 1.024,217 107,927 1,132.144 I,1))6,101 Credlton Amounts falling due within one yeor 17 {72.7261 (72,726) (46,M) Ntl eurr¢Dt au¢ts 951.491 107,927 1,059,418 959,111 I'ot#l #M¢ts lui Qnrrent U•bllld 2,062.616 107.927 2.170J43 1,746.297 Deferred Income 19 (122.4301 (122,450) (60,778) NET ASSETS I.¢MO.166 107.927 2.048,093 1,685J19 Funds Unrlltricted funds Restricted tiinds 20 1.940.166 107,927 1,681.167 4.352 To¢•1 fvndi 2.(M8,093 1.685.519 Tile financial staiement8 were Approved by th¢ Bonrd of Tru81ees #nd thuthoriscd for is8 on 25 Sew¢mb¢r 2025 and We yi8ncd on ils hll1f by: B Craven- Truste¢ The notes forn) part of these fin8ncial stat¢m¢nts Page 14
en 3113n5 3113124 Notes Ch flows from operatlnR ¢dvltl Cash genernted from operntions 17269 (185.846) Net LM8h provided byl{u8&J in) Olmtin8 activiti¢s 17269 (185.846) Cih flo from Inve8do8 led1141 Pur¢has¢ of tAtt8ibl• fixed Inrc51 received {18,1101 32.502 (102.0¥1) 19.075 provided byl{used ift) investin% a¢tivities 14.392 (83,006) Chamy In awd ¢ash equlvwl¢nts In the Yeportlni rfd Cash •lld ¢g•h ¢quIvents at th¢ b¢¢Mnl#g of tb4 reportln% p¢rlod 31.661 (2611,852) 944,7%6 1.213,6.18 CAth Dd c•th equlv•lents at tkn end of th¢ reportlM8 p¢rlod 976.447 944.7x6 The note5 forni Pdrt of these financial statemen15 Page15
ING LI RECONCALIATION OF NET INCOMEI(EXPENDITiJRE) TO NET CASH FLOW FROM OPERATING A1VITIEs 3113ll5 3113r24 Net Incorn*l(expendltsre) for tbt r¢portlng perlod (as ptr the Statement of Flnxnelil Aetmlles) AdJu5tments for: DeplatiOtt charge5 Internt rec¢iv¢d Impairnknl of fixed asse Incr¢ase in stocks 53,824 (382.840) 2.921 (31502) 1.493 {19.075) 159,407 (112) ISS2 5J.729 (240) (94,142) 517.41)8 In¢ff3se in cr&liK Net Usb provlded byl(u8ed ID) operatloni 17269 (185,846) ANALYSIS OF CHANGES IN NET FUNDS At 114r24 Cash tknv At 3113r25 Net cash Cash al Imnk and in hand 944,786 31.661 976.447 944,786 31.661 976.447 Totsl 944.786 31.661 976.447 The notes forn1 part of thtte financial Sments Page 16
STATUTORY INFORMATION The ctrAritsble company. a publiL b¢nefit cnliry, is limitrd by and is registered in Englwxt 4nd W41¢>. Thc members of the eharitable comwdny arc thc Trustees named on page B. In the eveni of the charitable compw being wound up. the liability of the 8uarantee is limit to £10 per tnemb¢r. The tegisred office of the Gljaritable compony is Hlldn House. Gort Plac4 Durha DH I IEY. The pretIOn cwytw of the finan¢•al ststements 15 the Pound SterlAn8 (£). ACCOUNTING POLICIES B•sts of prepmrfng the Ilmndal st•tements Thc financial st#l¢menls of the vh8ritable company which is a public benefit ¢ntily undLr FRS 102, have b¢en prepared in 0rdae with the Charities SORP (FRS 102) 'AOUntIng and Ryrting by Charities.. Statement of Recommended Practic¢ applicable io charilies prep&ing their a¢¢oun15 in accoTdancc with th¢ Financial Reporting St8ndKd 8ppli¢able in th¢ UK and Republic of ITeiand (FRS 1021 (eftective l J8nu#ry 2019),. Financial Reporting Standanl 102 The Financial Rcportin% Stsndard applictsbl¢ in the UK 4nd Republic vf Ireland, and the CAJmpanies Ath 21kn. The firwncial statements have been pryred under the historical c(>st convention, as modified by the revaluaffton of cenain Assets. Income is reM8uiJcd wh¢n the chArity h&8 entitknmt to the funds, any [rf0Mle¢ conditions attached to Ihe item(s) of income hv¢ been m¢ it is probRble thai the income will be rtteived and the amount can be rne&8ured r¢liubly. Inme from Governm¢nt and othu 8rry whether 'capital' grants or 'revenue' 8fdnty is reco8nis¢d when lh¢ Charity has entitl¢m¢nt to th¢ funds any perforn1e conditions attaohed lo the graats hav¢ trten mei. li is probable thal the income will be rLeiYed and the amount can be Incasurd reliably and is not (kferre<L Income received in advanee of the renthl period due or provision of other splfIed service li is defetred uniil th¢ ritctia for income rewgnilion are rn. Interest on funds held on dysil is included when receivable and the 4mouni cnn be measurd r¢liably by Ihe chiW. thi5 is nonnally upon nolification of ihe int¢S1 paid orpayable by the Batt Exp¢ndlturn Liabilities are recow)ised 4$ exIditUre as bx)on as there is a legal or ccLstructive obh'gation committing the chariry to that expenditsjrn. it is probable that a tran8fer of eeon¢Jmic beneFIts will be required in seiilemenl and the amouni of th¢ obliwion con be measured reliably. Fxpd1rllrC 1$ 8rwuntvJ tor ¢m an a¢¢ruals batsis and ha¥ been classifled under headins$ that aggre1¢ all ¢osl reloted to the cal¢gory. Where costs cannoi be dittcily attr11led io panicular Iwlings they have b¢en allocatd to actiVi(ies on a basis consi51tnt wilh the use or Alloeatlop and appnrtiDnment of costs Com allocation includes an element of judgement ond the chartry h¥s' lo ¢onsider the cost benefji of demilttl Iculations a1 record keepiii& To ensuw full cosi recovery projects Ihe chkrtty adopLS a policy of allocating costs to the Its1ve $t headings through thc year, The In have 411ocaled the supwrt cost& on a head¢oLinl and p¢rLrntage of income basis which Ihcy dcem Ix th¢ m05t accurnte. Tan%lble fixed assets D¢preciatiDn is provided al the following annual t*s in ord¢r to write off ¢ach asset over its estimated uselul life. Freehold property Motor vehicle5 Flxturo fittings and equipm¢ni noi provided 25Yo on cost at varying rnies on cosl Page 17 ymtinued...
nued ACCOUNTING POLICIES- contlnd Tanglble flxed 2sJetS Ton8ible f¢d auers are stated at cosl or valuaiion less ultl depreciation ATKI 4ccumula¢ed impalmnI losses. Cost includes ¢osts dire¢fly attributable to makin8 the ass (wble of pratIng as intended. No dcprccialion ix chorycd on fr0]d proFrty or Bocial housing propcrtics Ih¢ r¢sidual values arc 30 f8r in excess of CJEryill8 values as lo ujokn any dwttifttion amount immaterial. Stoeks Stocks Are valued at the lower of cosi and realisabje valu4 after mikfing due low4n¢e for obsolete slow movin¥ itcms. TaJatlon The charity is ¢xempl from coryTh¢ion lax on Its charithbl¢ Kilvili¢5. Fund •ecountln8 Unr¢stricled fiuKls can be used in accord•n¢¢ with the th¥1ble obj¢c¢iv¢8 It th¢ di8¢fftion ofthe tru¢¢3. D¢si8nat¢d fiujds ore unTeBtried funds thot hove beeo eamwked by the Tnyte¢s for ft Pthicu18T purpose. Restricted jj1$ Can only b¢ uwd for prticulor n4stri¢ted purwses within th¢ objeeta of th¢ ¢hority. Restrictio ariJ¢ when 5pecifi¢d by ihe donor or whm fund8 ar¢ rni8¢d l¢x pArticular restrickd purp)5¢5. PtDilon colts and other P1-Ye11rrntt benefits The ¢haritable company ow¥teB a d¢fined contribution pension xheme. Contribution8 payable to the choTiwbl¢ mpany's pension scheme ore choryed io the SMt¢mcN of Finftncial Activiliu in th¢ p¢riod to which they relate. FlnAn¢lwl Initruments The charity only has fin4nclal 45sets bnd fiNncl#l li8bilities of a kind thai qualify u blC finThcial Instnunents. Baslc fln4nc&AI iDstrum¢nts are initimlly recognised #i transaction value and $ub8equMtly me08ur¢ at their Settlement vAIu¢. CRITICAL AccouNfiNC JUDGEMENTS AND KEY SOURCES OF EsfiMATION UNCERTAIKrY In Ihe appltcgtion of the company's accountin8 policies. the directi)rn wulrtd ¢0 make judgements. esthnates and usumptions abo the ¢arryin¥ 4mounl of and liabilities that are not Teadily PPTwent from other sources. Th¢ ¢stimate8 and wo¢iatcd auml05 based on histori1 cxpwien¢e find othcr tactors thal arc considered to bc Televanl, Actual Tesulls MAY diff¢T ftom these &8titiutu. The ¢stim&tes and UDd¢rlying assumwi1K #re revi•ved on an on80in8 b1&. Revi¥ions to oecounting estim8ies are r¢cognixd in lh¢ PCriLKI in which ihc e5timat¢ ts revised where thc revision affects only that period, or in the PCTiod of the revijion and future wiods where the rcvision affe¢ts both Current and lute Friods. As described in note 14 the finan¢il Itstemen Fr¢¢hold And Houling properti¢s aR slated at fair value based on the valullrion perfonml by independ¢nt proftssional Valra with exFeri¢nce in the lo¢ation and c8tcsory of properties valued. The valuers used observable market prices adjusted necesw for any diffwrnee in the futur¢. lOli0n or candilion of the specific a.vd. Howevcr. the rise in intUCSl ratu and infl811on has c4u%d 5i8TAifieant disnwioti artd ID the UK pro[ which hts inevitsbly increo*l the dee ofjudgement involved in the propeny ValU10ft at JI March 2025, Pw18 eontinued...
DONATIONS AND LEGACILS 3113125 3113Q4 10,117 INVESTMENT INCOME 3113r25 J I lJ124 De1¢ account inluest 32J02 19,075 INCOME FROM CHARrrABLE Acrivrri 3113125 Charilable a¢tivities 3113124 Tothl ciivities Rcnls Ytteivable Service chvges Supporting p¢¢ple fiywJin8 Grts Sundry invjmc 549.1115 23.551 64)8.445 319.469 22.X54 358.181 7.040 252 264 1.271,455 707.796 GrMts receiv4 included in ihe aboK IT¢ w follo. 3113125 3113124 Hedley Found4iAon 3,84Q 2,2LX) Moio FoundAlion Dir¢cl Costs (See D¢ 8) Supyort Costs (see noie 9) Total$ Charitabl¢ activities 1248.387 8.210 1.256,597 P•8e 19 coniinued...
DIREcf COSTS OF CHAIUTABLE AcrivrriES 3 IrJr25 3113r24 666.268 279,968 98.993 27.614 173.893 1.651 496.030 269.IXM 64,545 27,IW 89.696 6J22 159.407 Housing mMna8emenl Hou51n8 servic&% Personal services AdminiJtsiiAve costs Oiher costs Impainen[ losses 1248.387 1.112268 SUPPORT COSTS GoVernce 05ts Ch7tbIe activities 8.210 Support C051S, iixlulkd in the di follows: 31nn5 Clwithble artivilies 3 IrJr24 Total Ali[¢r¥. r¢muneraiton 8210 7,5tlJ io. NET INCOMFJ(EXPENDITURE) Net itie0nw(exd1Irt) is sthtthl ill¢r dwginW(atsJthr4): 31rJr25 3113r24 Audiiors, rtmunerntion Depreciation. owned ets 8210 2.921 .493 11. TRUSTEES, REMUNERATION AND BENEFTrs 31 ma 2024. Trust¢tt' expen During the year. £95 w•s reimbwsed to TelwiD8 to a lavin8 8ift and mAiOtenance loois for volun work No expse$ were paid dwing the wior yew. contitiufyl...
STAFF COSTS 3113125 3113124 Wages and salari44 Soci81 security ¢osts 611.657 47.203 7.408 455.944 9.163 6(268 496.030 The average monthly number of employees duTin8 the year w&% follows: 3113125 21 3113124 15 awithble aclivities 24 i¥ The DUTnber of en4Jloyees whose eryioy¢e benefits {excludin8 employer petssioa ¢osts) eeJ¢d £60.(KK) was., 3113125 3113124 £frf).001- £70.(XKI 13. COMPARATIVL8 FOR THE sfATEMENf OF FINANCIAL ACTIVITILS Unrcstricted fund5 R¢stric(ed TIXal fund5 Income •nd ¢ndowmeJts fro Donotions atMI1¢8acies 10,117 Ch•r£t•ble a¢tlvldes Charitthle ¥tivilias 51.04.5 656.751 707.796 19.075 19.075 Total 237 656.751 736.988 Expendltsre ou CbArlt•bk tIVItIeS Charilable ¥tivities 205,1 914.827 NET INCOMEI(EXPENDITURE) Trangftrs behveon fwllds Other re¢ogMlwl yln51Oow) Gain(lOsSes} on rcvaluation of fix &sts (124.764) 1239.455) (258,076) 239.455 1382.8401 (w.rKx) I (Yll.O(Ml) Net m0vMnI l• funth 1454219> (18.6211 (472.8401 Recondllitlon of funds Tolal brou8hi f¢rwA 1135.386 22.973 2,1 $8.J59 Totsl fuAds cvrfed fornard 1,681.167 4.352 1.685,519 Page 21 continued,..
14. TANGIBLE FIXED ASSETS Fixtyte fitting8 Social housing Fr¢ehol properties pro Mutvr vehicles Tots15 COST OR VALUATION At l April 2024 Addilions Disposals Revaluatio8 Impaimwi 672,844 I10.0 14,020 19.474 18.110 (350) 816J311 18,110 (350) 324,950 (162fK)) 324,950 {162001 At 31 Mar¢h 2025 981.594 110.orx) 14.020 37334 1.142.848 DEPRECIATION Ai l April 2024 CIw8e for year Eliminated on di4Josal 14.020 15.132 2.921 (350) 29.152 2921 (350) At 31 March 2025 14,020 17,703 31.723 NET BOOK VALUK At 31 Marrh 2025 981.594 I10.IxJ) 19,531 1.111.125 At31 Mawh 2024 672. I i o,(xJ) 4.342 787,186 Cost <K valuation at 31 MkTeh 2025 is represented by.. Fixtur finin8S S1&1 housing propertie5 FehOld proi Mrfor vebi¢le8 ¢quipmenl Totsls Valuation in 2024 Valuation in 2025 Cosi (159,407) 308,750 832.251 (90.(MJ)) (249,407) 308,750 1.083505 200.(WJ 14.020 37234 981,594 I10,) 14.020 37234 1,142.848 If free1ld and Sla1 woperty hkd not been revalued they wuld have been included llt the fdlowing histori¢al cost.. 3113125 3113f24 .a32.231 .031251 Fhold prop•ty WAS valL1 an open market basi5 on 19 September 2024 by R.A. hckson & Son LLP, Th¢ social IvS18 propety POTrfolio wa5 vlllued on #D mazket b&sis on 21 January 2025 by J.W. W(MJd Limiled Chartered Surveyors. Page 22
•Ji 15. STOCKS 3113125 3113124 476 236 DEBTORS: AMOUNTS FALLING DUE WITHIY ONE YEAR 3113125 Tjxde debtors 12,023 143.198 1581 59.498 155,221 61.079 17. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 3113125 3113r24 Trnde creditors Social securily and other tues Othu creditors 35,035 17.556 3.048 17.087 22,678 9.015 .65? 13.645 72.726 46.990 I& LL4SING AGREEMENTS Miuimum lease payments uNleT nonn¢tl8b1t opernlin8 fall due as follows.. 3113125 3113124 Within one y¢ar B¢twceD one five y¢ar5 123.603 21.024 52.111 27.5(M) 144.627 79.611 19. DF.FERRED INCOME 3113.125 3113124 122.450 60.77 3113124 3113123 As at l April Addiiions during the year AMOUntsled during Ihe year 5.685 60.778 {5.6851 25.372 5.6¥5 {25.372 } %Ot31 Mawch 60.778 5,685 Incotoe h83 b¢¢u thf¢red for income received in advance Klating to future periods. Pfigc 23 continued...
ON 20. MOVEMENT IN FUIYDS Net movcmcnt in fimds. Transfets At 3113125 At 114r24 Unr¢strlcted funds (i¢ncral fund Ftxed As5el Designated Fund Pruperty Revalualion Reserve lJ81,167 (6.551 > {432lX)} 1.331.416 31YI.IXN) 308,750 308.750 1.681.167 302.199 {432() 1.940.166 Restricted funds Harry Mcars House Vulnerable Womens Project Private Landlord PartneTrhip Volunteer cOrdInatOr Durttam Police Fund Wel¢om¢ Packs Hospital Discharge Sclieme Floaiin8 Supp OrAoD (6,538) (9,624) (24.420) 6538 9.624 24.420 140 4.455 547 28284 74301 3.680 532 775 15 28.284 74.501 (2,618) 2,618 4,352 60,375 43.2(M) 107.927 TOTAL FUNDS 1.685.519 362.574 2,048.093 Ncl Inovcmcnt in fund8. in¢ludLYI in th¢ #bove are as follows: Gains and 105ses Moveme in fuThls expended Unrestrlded funds General fund Propety Revaluation Reser4e 207.451 {214.(X)2) (&551) 308.750 308.750 207.451 1214,IX12) 308,750 302.199 Rejtrkted fund$ Harry McaTS House Vuli)erable Womens Projeet PTivaie L4ndlord Partnernhip Durham Police Fund Welcome P&cks Hospital Distharge Scheme Floating Support Orion 160.912 349.210 20.197 (167.450) (358.840} (44.617> 775 (14) (226.773) (137.525) (10&151) (6538) (9.624) (24,420) 775 15 28284 74,501 {2.6l8) 29 255.057 212,026 105533 i.iQ970 (1.041595 } fA)J75 TOTAL FUNDS }JlQ,421 (1.256.5971 3(IX,750 362.574 Page 24 continued...
G LIMtTED MOVEMENT IN FUNDS- tonilnoed Comparntlves for movewent IB Net Transfers At114f23 itt fiuK15 31.13r24 General fimd 1.835.386 (214.764) (239.455) 1.381,167 3iX),000 1135386 (214,764) (239.455) 1.681.167 Harry Mears Ho Vulnerable Worn8 PrOjt Private landlord ParttteEthip Lfjng Tenn SuiyKI and Oiher Vohwleu CldiD I>Jrtwn Police Fund welL Packs Health and W¢llbcin8 Hospital DisdMr8r SdKme 10.136 (94,952) 6,488 (144.186) (18,094) (270) 142) (1405) 114.751) (10.136) 94.952 (6.488) 144.186 J.950 574 215 3.680 532 119) 14.751 21973 (25&0761 239.455 4J52 TOTAL FUNDS 11511.359 (472.840) 1.6115.519 Comparntive r moi¥Yment in fid iticluded in the above are as follows: in funds 80237 (205,(XIl ) (90,)} (214.764) RHtrlettl funds Harry M¢8rs H(#Jse Vuln¢r4ble worn5 Proje Private Landlord Parlnerslup L¥)ng Term Supp)rt and Other Propffiies Volunte¥Ctrordi Durham Police FuThl Welcome Packs Health arKI WellbeiD8 HospitAI Dihary¢ SCIll 141214 265.976 76.44l 144,655 (132.078) (360,928) 169,953) (288.841) (18.094) (270) (42) (2.405) 142216) 10.136 (94.952) 6,4118 (144.IX6) (18.094) 1270) (4?) (2.405) 114.7511 27.465 65&751 (914,827) (258,076) TOTAL FUNDS 736,988 (1.119.828) (9).() (472.840) coniinued...
DURI A1 MOVEMEIYT IN FUNDS- contlnued Dignated developinent fvnd for fvture developnMts. eserve l)¢siwMted fund which holds the unrealised gain5 frDm th¢ prop¢ty value increases 85 disclosed in note 14. Thi8 fund is not restricted however it is hcld J¢parnt¢fy Mythin a (k5isnat¢d fund wilil the point in which the prortrty is 501d. Restrl¢ted funds Th¢ ¢hariiablc company As currentty fiJnd¢d by SupNYllli8 People (Ihvlwm County Coutt¢il) to provide diff levels of support in our #cLMModa1]0n lo stngl¢ homeless a¥ed 16ffj5. to enabk them to Bain stability and Indepdent living. It 5UPPOrts followtng pro Harry. Mearn Hose Providcs affordable sbared housing for honKless p¢ople and people in housing need Provides accommodation a supportive environment k> vulnerable Wortn who hav¢ rnultiple and complex needs. an Prvvide¥ affordable housin¥ for homeless peopl¢ 4nd Eeople with malium to high-level 5UPPUrt nccds in partnezthp with private landlords. Provides affordable shared housing for home]e&s le and tn housing neaL ice Pmvide5 aecommodaiion and a wpithive ¢nvironnMi fw vulnmbk people leaving hospilal. To provide housing, health ond wellbeing SUprt to those aged over 26 in the local area.with the oim enable users of the seThice to live inthpendently. Other restricted fimds iDclude: Ptoyides fuEkds to supp)rt Ihe c051 ofemployin8 • voiuttieer inatOr. Provid¢s 8ssisiance with the prev¢nlion ofKxual ¢xpk)itstion of wom. Wel Proyidu a slarter PW•k of b•si¢ fod cleaning ilems to All new residmt& Hea.Ith )d Wel&in8 To encourdg¢ residents to engage in adivili¢8 that have a wsitive inwi on mental or physical health. Trnnlfen between fulldj During the year a tolal of £433 (2024: £239.455) was n¥n5ferrcd from unrestrictcd fimds to re5tri¢id fimds in order to maintain the lev¢1 of rc5tricted fimd¥ held within the charitable compkny. Page 26 eontinued..
nt 21. CONTINGENf LIABLLITIES So¢i&l houying proFty include5 iwo propertiw wilh valualion of £281,048 {2024 £113,098). There is no intention 10 sell these prortIeS in the foreseeable futLwe however if ihey are sold. a propoTlion of proc¢¢ds nMy be ttpayable to a third party. RELATED PARTY DRSCIA)SURES Key Managenn¢ personnel are deemed w be Ihe Trusiee5 and the managem1 leanL Key perso1 remunerntion #mounted to £152.500 (2024 .. £136.63]). ULTIMATE coKfROLLING PARTY Th¢ ¢lwitsble company is controlled by the lth of trustees. Pag¢ 27
LIMfIED 311312S 3113r24 Incomt and endonents Dovlloll$ nd l¢g¢l Donation8 10.117 ITrvo8tment Ineome Deposii aulli iolerE51 32.502 19,075 Chthtlble Acthrflles Rents receivable Senlice ¢harg Supporting people fUlIng Grants Siindry income 549.195 23.551 698.H5 319,469 22.854 358,181 7.040 252 1271,455 707.796 Total lft¢omln8 reMur¢a IJIO,421 736,988 Expendliure Ch•rltsble A¢thlt114 Wages Socitsl security Pensions Hoiisin8 managenl Housin8 servi$ Perwnal servi3 Adminislr81ive co 611,657 47203 7.408 279.968 98.993 27.614 173.893 l.651 455.944 30.923 9.163 269. 64yS 27,IYA 89.696 6.522 159.407 lThpAimJenl for tn8ible fixed 1248,387 1.112268 suPt Govrn¥n¢e costs AlitorS remunerntil 8210 7J60 1256.597 1.119.8211 Net ID¢omel(expendhurn) 53,824 (382,840) This page (kn5 nol form of thexamt(ry fmancial 3tsmcnts Pa8e 28