REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
COVENTRY CYRENIANS LIMITED
FOR THE YEAR ENDED 31 MARCH 2025
HB&O Ltd
Chartered A(v)untants and Statutory Au(thtor
Highdown House
11 Highdown Road
Leamington Spa
Warwid(shire
CV31 1XT
Ch8rity no. S￿421
Company no. 01098794

Coventry Cyrenlans Llmlled
Financial Stalemenls for Ihe year erKled 31 March 2025
Company intormation
Company reglstrallon number
01098794
Charity number
502421
Registered off ice
McRaye House
98-101 Far Gosford Street
Covenlry
CV1 SEA
Bankers
Lloyds Bank
30 High Street
Covenlry
CV1 5RE
Solicitors
Band Halton Button
53-55 Butls Road
Covenlry
CV1 3BH
Keelys LLP
28 Darn Street
Lichlield
WS13 6AA
Auditors
HB&O Lid
Highdown House
11 Highdown Road
Leaminglon Spa
Warwickshire
CV31 1XT

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Index to the tinancial stalernenls
Report of the Iruslees
4-17
Report of the independenl audilor
18-20
Statement of financial aclivilies
21-22
Statement of cash flows
23-24
Balance sheet
25
Notes to the financial slalements
26-33

Coventry Cyrenians Limited
Financial Statements for the year erKled 31 March 2025
Trustees. report 2024-25
Chair's introduction
This year, Covenlry Cyrenians locussed on stability in an uncertain world. We replaced and modemised
our accommodation capacity. We have expanded capactty lo 171 units which represents a 3201.
increase on the prior year 1130 unilsl and were selecled by Coventry City Council lo a 14-month
contract lo supply specialist accommodation lo people wrthout resource to public funds. This supported
our ongoing mission to provide accommodation and enabling support lo Ihose experiencing
homelessness and housing insecurity.
Despite the challenges lacing our communities. including rising living costs and increased demand lor
services. I have been inspired by our dedicated staff: volunteers and supporter5. They have remained
committed to the empowerment of individuals through safe accommodation, personal development,
and practical support. Their help and support has been invaluable and this when combined with our
accommodation capacity growth has allowed us lo grow our impacl and strengthen our ability lo provide
inclusive, person-cenlred services.
In addition lo building new landlord relationships which has enabled us to ofler beller standards of
accommodation lor our clienls. we have continued our strategy of investing funds into buying new
properties. We acquired two six-bedroomed houses during the year. This allows us to reduce our
reliance on others in an unstable market and helps lo guarantee supply of allordable accommodation
for people. Finally, Ihis allows us to offer value to funders and maximise the value we can provide to
Housing Benefit and Ihe Local Authority.
As we look ahead, Coventry Cyrenians is commilled to embracing technology as a vital lool in
enhancing OLJr setvices and improving operational efficiency. By investing in digit￿ systems and smarter
pr￿eSses. we aim lo reduce administrative burdens, improve data accuracy, and free up more time for
direct support work with our clients. In the year ahead. we will upgrade our internal systems to Pyramid
G2. an established housing management system. which will expand our use of secure cloud-based
lools, and provide digttal solutions that support client engagement and wellbeing, ensuring we remain
responsive, efficient, and lUtU￿-readY.
Our excellent financial results this year reflect not only the generosity of our supporters and partners
bul also Ihe strength of our financial management and organisational discipline. Through careful
budgeting, effective cost control, and prudent use ol resources. we have maintained a strong and stable
financial position. This level ol financial control underscores our capability as a well-managed,
accountable organisalion. 11 places us in a robust position to respond to fLrture challenges. invest in
accommodation and inlraslruclure, and continue delivering high-quality support to those who need us
most. It also strengthens our credibility wilh funders: enabling us lo plan for growth and long-lerm
sustainability with confidence.
In summary, we have had an excellent year for the charity ol which l am extremely proud to be the
Ghair.
Jonathan Price-marlow
Chair of Trustees

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
About Coventry Cyrenlans
Constituted in 1973 as the resutt ol a Coventry Ctty Council commissioned report on the plight of
homeless men living in Hillfields Coventry. Coventry Cyrenians have been responding to the challenges
of homelessness that lace Coventry and Warwickshire lor the last 52 Years.
Over those 52 years Coventry Cyrenians has predominantly focussed on supporting single people.
Acting as a landlord, we offer licenced accommc(lalion in sell-conlained units and in small and medium
sized houses of multiple occupation. All people who access our accommcxjation have a housing related
supwrt need and are unable lo successfully manage a tenancy at the point they enter service.
Proud ol our accommodation we have locussed on increasing both the quality and capability of our
accommodation. We have spent the last few years steadily increasing roorns sizes and improving
lacilities for people who need to be accommodated. All these properties are managed and maintained
lo a good standard. The next seclions will describe rnore aiK)ul the supwrt we provide lo our clients.
At year end. our property portlolio was as follows:
2024-25
rties
2023-24
Pro
erties
27.
Place
Govenl
Warwick
Kenilworth
Leamin
tons
TOTALS
Pro
38.
Units
153
Untts
112
43
171
130
he charity owned 11 residential Properties in 2024-2512023-24= 9)
Our Se￿1￿ in 202¥25
Covent
SuptX)rted Exempl Accommodation - lemporary housing with housing related supwrt delivered from
HMO'S. studios and sell-conlained accommodalion for single aduhs.
Intensive Housing Management- Providing 15 units of fully managed accommodation for people wilh
no recourse lo public funds, on behall of Coventy City Council.
Wa￿iCk District
Supwrted Exempt Accommodalion - Commissioned support service for m(yJerate to medium risk
single indivKluals suitable lo be accommodated in houses of multiple occupation.
Accommodation is just one part of the story. We want to emwwer those we support lo live as
independently as possible, by enabling them to rebuild their lives.
Our experienced team are skilled in working with people to help identity their needs, developing and
reviewing solutions that are right lor them.
We provide a range ol support for our residents while they are with us, including..
Finding training and ￿lUCatIon opportunities.
Supwrting people to deal with their substance misuse issues.
Supwrting people to recover from periods of mental ill hearth.
Supwrt wtth managing debls and other money issues.
Help with rnoving on from our service into independent tenancies, using links we have with
private and registered so￿la1 landlords.
Who uses our support services?
For the year ending March 31. 2025. Coventry Cyrenians provided Iwo separate types of seNices',
intensively managed accommodation lor a Iccal authority and accommodation with support directly to
people who are homeless which is designated as Supported Exempl AccommoKlation.
Our offer of managed accommodation lo the local authority supwrts Coventry City Council ICCCI'S
Rough Sleeper Team lo provide a housing service direcuy to people with no recourse to public funds.

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Working out from a Covenlry Cyrenians building wth high qualty self-contained facilities, the CCC
Rough Sleeper Team arrange accommodalion lor people amongst the most vulnerable of homeless
people since they are sleeping on the streets. Wtth no access lo any form of benefit or public funding.
Hosting CCC seNices in this way was a new venture for us and allows Covenlry Cyrenians lo provide
a support service lor people who require 24-hour support and supervision, which exceeds our standard
service offer.
The accommodation provided directly by us lo our own clients is a Supported Exempt Accommodation
SeNice which is designed lor vulnerable of people who do have a housing and support need but not
for a 24-hour period. People who enter our accommodalion have been assessed and their support
needs and risks established as sufficient to secure Housing Benefit under Supported Exempl guidance.
In England rough sleeping and being Street homeless is nol classed in of itself as an eligible support
need. The harm people come lo on the slTeels is not assumed lo be universal by funders and evidence
is required of all challenges Ihal might arise from lime spent on the streets. 11 people do nol choose to
share their experiences with us and we are unable to evidence a persons, support need, we are not
able to house them. This surprises people atMI jusl as the resources avalable to support people has
changed, the threshold lor entry inlo our services has altered over the 52 years the organisalion has
been providing accommodalion.
Coventry Cyrenians slarted as a provider Ihal supported men with Telalionship challenges, debl issues
and substance misuse challenges. Yel as a charity embedded within OLJr communities, we respond to
Ihe changes in our communities which have seen changes both in Ihe numbers of people who are
homeless and in the needs of Ihose single homeless people.
Housing Benefit is most Irequenlly allocaled to people needing supported accommodation who have
compromised mental health. Mentally unwell people may not only struggle lo deal with basic household
chores and tasks bul may have additional issues of debt thai develop as a consequence of being unwell.
The support Coventry Gyrenians offers to people, helps people to m&ntain accommodation during
periods of ill health and provides a safe place for recovery post illness.
In addition, many of OUT residents are in contact with criminal justice services and have a history of
offending. Others have drug andlor alcohol dependencies. are escaping domestic violence, or have
suffered childhood neglect. A significant number are alfecled by more than one ol these issues.
In Coventry we support people who are displaced arriving frorn overseas and in need of help with
eslablishing Iheir slalus and place in local communities. and we offer femal￿nlY accommodation. as
Ihe city has an above average number of women with complex needs who donl have access to safe
housing.
Those using our services often feel safer and more comfortable accessing help in their temporary
homes. Our housing support workers visil them there to help and guide on a range of issues. in
particular money management, social isolation, and non-engagernent with health and social care
services. We have well-eslablished relalionships with many statutory and voluntary agencies. which
offer a wide range ol specialist supwrt to compliment ours.
Our people-
Chief Executive, Caron Williams
Finance Director, John Bailey
Operations Lead Manager, Waqas Ali
Building OFeralions Manager. Richard Read
Information about our Trustees can be found in the section on 'Our Governance,.

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Our key slakeholders Ihal worked wlth us In support of Ihe homeless:
Covenlry City Council. and Warwid( District Council
Cenlral England Law Centre Icovenlry)
Charity Bank
Kairos Women Working Together. St Basils, YMCA: Salvation Amiy
Coventry Open Christmas. Axholm House, Valley House
Central Melhodist Hall. Coventry Food Banks
The Relugee and Migrant Centre,
Coventry Probation services
Wesl Midlands and war￿￿cKSh1re Poli￿ services
Donors to whom we are exlremely grateful:
29 May 1961 Charitable Trust
Howdens
Insight
Charity Bank
Church organisalions
Primary and Secondary Coventry Schools
Coventry Schools Trust
Local businesses
A huge thank you goes lo Loveitts Eslate Agents who chose Coventry Cyrenians lo be their charity of
the year lor a second year. The fundraising, friendships and wsitive business connections that have
developed because of this relationship have been tremendously supportive lo the aims of the charity.
Review of the year
The year ending 31 March 2025, was a busy year. governmenl led benelits reviews effected publicly
available resource and there was a national consultation on the nature of Supported Exempt
Accommodation. The national consultation questions largely rellect&J the changes that Coventry City
Council had already made in ihe management of providers and local accommodation. The actions that
Coventry Cyrenians undertook in 2024 -24 to comply with those changes slood us in good stead to
enter Ihe new financial year with complianl and robusl accommodation solutions- bul the impact ol our
accommodation capacity reduction in December 2023 generated several operating challenges that
required rapid resolution. Al Coventry Cyrenians we resolved those challenges by focusing on three
main types of business activity-
Consolidating and securing the correct housing capacty
Ensuring our wlicies and procedures malch the changing needs of our communty
Securing and diversifying income to maxitnise organisation stability
We progressed significantly in all three areas ending ihe year in a significantly improved position and
generating exceptional results lor the otganisation. A brief overview ol our activities in these areas is
described below.
Consolidating and securing Ihe correct housing capacity
Goventry Cyrenians entered the year ending 31 March 2025, wth an ￿¢upanCY level of 95.80/.. This
excellent headline figure had a more challenging underlying reality in thal the budgeted level of 9￿/.
was exceeded bul on a smaller denominator, wilh December 2023 seeing a reduction of 35 units of
accommodation.
The resultant level ol accommodalion: 114 unils, impacted the organisalions financial run rate and our
ability lo accommodale people in need. In Coventry there was a shortage of Supported Exempt

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Accommodation available, and Coventy Cyrenians had approximate￿ 400 people on our
accommodation referral Iisl
As a result, significant attention was applied to increasing the number of available units of
accommodation. Between January and April 2024 16 unils of accommc#Jation were added to the
portfolio Irom 4 additional properties. Extension leases were secured from Coventry City Council for Ihe
4 properties we rent from them. The lolal 01130 units this created generated a stable financial operaling
position for Coventry Cyrenians al the income levels per unit we had secured for the financial year
2024-25.
11 did not however, provide sufficient accommodation for the people TequiTing supported housing who
were on our referral and wail lists. After checking with CCC commissioners that additional capacity was
required, we sel about securing high quality properties that would posrtwely contribute lo solving local
capacity challenges.
The typical way for a provider of Supported Exempt Accommixlation to respond to a capacity challenge
such as the one laced by Covenlry is lo increase capacity Ihrough renting more accommodation. We
rapidly came to the conclusion that following such a course of action in this complex environment offered
us lrtlle cost control and although templing in the short term would ultimately lead to a failure to play our
part in supporting the system through ils strategic challenges and would not assist should the discussion
we had commenced about becoming a registered provider lead to the decision lo pursue an application
in earnest
As a result, we rented some large well mainlained affordable properties bul ensured we purchased Iwo
new properties with Ihe purpose of increasing our slock, demonslraling our commilment lo the local
housing system whilst mainlaining our excellent margins.
One purchase delivered 6 studio Isem-contained lacililies and the other 6 large airy, bright and modern
rooms in a propety designed lo improved shared living wth ils huge kitchen diner and lots ol shared
leisure space. These modern properties represent Ihe slandards we had sel ourselves. This approach
saw us sleadity increased our capacity of accotnmodalion ending Ihe year wilh 171 units of
accommodation in lolal. We achieved an occupancy level o192¥0 at year-end, but without the underlying
complexity of Ihe start position tor the yeaT. Stabilising the portfolio in this way helped us deliver a
better ability to manage our service demand in an improved property portfolio.
Ensurlng our pollcles and procedures match the changlng needs of our communlty
Coventry Cyrenians prides ilself on being a local provider embedded in our community. As an
organisation our aim is lo meel the demands placed on us by our community, offer the suptK)rt Ihal
people need to remain safe and well in the accommodalion we provide, and to ensure the best standard
of accommodation we can afford to offer is made available lo our clients.
Whereas the previous subsection has IocLJssed on capacily of accommodation this section looks lo
offer insight on the setvice capability requirements of supporting our local community. We offer Iraining
lo our staff, adapt what we offer and recruit lo respond to compliance and regulatory changes or lo
cover capability gaps we discover while reviewing service dala and clienvstalf feedback.
There were several changes in demand and need profiles that were observed and we needed lo
respond lo during the year ending 31 March 2025.
Faster processing of newly arrived peoples saw some changes in presenting need and
numbers of people eligible for housing benefit
Early release prison schemes saw an increase in numbers of people with an ollending
backgroLJnd seeking accomm￿atIon
The duration and depth ol the cost-of-living crisis caused an i￿reaSe in working and low
needs homeless PTesenlalion.
Move on accomrnc*Jation available from Registered Social Landlords and private landlords
became scarcer.

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
rriv
In February 2023 a SITearnlined Asylurn Process {SAPI was introduced for people from 6 countries. In
June 2023 there were 99.419 outstanding claims lor asylum that met the SAP criterion, by September
2023 that number had more than halved and by December 2023 the processing back log had reduced
lo several hundred. What Ihis meant was Ihe people 'surged' through Ihe system looking lor
accommodation and the first lew cohorts ol those people had been held lor a prolonged period. in some
cases years, in temporary accommodation. Those people left their temporary accommodation with
profound challenges ol integration. During 2023124 nearfy 750/0 of people approaching our service were
'newly arrived, with support needs in education. language and inlegralion and mental health support.
During 2024-25 the number ol newly arrived individuals approaching Covenlry Cyrenians remained
relatively high, however, those individuals when assessed for their support needs had signilicanlly lower
needs in respect to their mental health. The local authority Migrant Team commissioned specialised
support lor this changing need. including inhouse language courses and alternate back to work
accommodation. More ready lor work and in need of 'diflerenl' return to work skills, the individuals
approaching us were less suitable lor our support seNices and Ihe QA ol newly arrived individuals
reduced in our accommodation as a result.
li Earl Release
rison schemes
As the needs and numbers of HB eligible newly arrived individuals started to reduce the government
announced an Early Release Prison Scheme 10 Septetnber 2024. The SDS40 scherne provided early
release for people who have served 40°/o of their sentence. Coventry Cyrenians have always had
exceptional relationships with probation seryices. To support people and their specific needs more fully
as they leave prison, we have improved our work with prisons and our community policing teams.
This work aligned closely wtih in-house skills sets and allhough requiring ol some small adjustments,
including updaling our assessment tools and revisiting our risk assessments, the requirements ol
offering this type of accommodation lil the organisation values ethos and skills sels well. As a result,
we have worf(ed positively to support our local community by providing accommodation lor people who
have relurned lo the city faster and in larger numbers Ihan people were able to plan for given the
urgency of the crisis in prisons.
In addition to the changes listed above, we used our tjjrtlolio work to upgrade and irnproved our
properties for the suptyjrt ol people who have been subject to Custodial sentences. We achieved this
by taking on some much smaller properties to reduce the inslilulionalised leel lor people. We have also
increased the therapy hours we have available for clients through our inhouse counselling service.
iii. Duration and De
th ol the cosl-of-lwin
crisis
The cosl-of-living crisis has continued lo deplele both public and personal finances. The challenges
posed by this issue exacerbate homeless nutnbers significantly since the primary cause of
homelessness is poverty and the allendanl inabilily to afford accommodation. The longer the iSSLJe
continues the more people are impacted by this as iheir personal financial resilience continues lo erode.
In addition to this ditticull personal challenge. 2022's legislalive changes in landlord responsibilities and
Ihe continued improvements rightly required by regulators have proven largely unaffordable for many
small private landlords. Those who were financing their portfolio laced an increase in the cost of
borrowing al the same time as they were required lo make signilicanl investments in iheir properties lo
achieve compliance with the new regulatory standards. The landlords who remained in the market have
tackled the regulatory challenge and have in many cases fell the need to increase the cost ol their
accornmodalion offer to their tenants.
When the higher cost of housing is added to ihe higher cosl ol food and fuel Ihal people faced, we found
ourselves being approached by an increased number ol people whose main challenge appears to be
securing affordable housing. Some ol those people were working people priced out of private
accommodation by the increased rents on lop of the increased cosls lor foc*J and fuel they laced.

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
As an independent local charty with strong communty roots and partnerships. we have identified Ihis
as a key area to focus on in the fulure lo be able to prevenl homelessness in our communities. We have
delermined that we should continue to Provide high qualty supported exempl services which offers
value for money to our community and lo our funders. whilst progressing our conversations about
becoming a Registered Provider. This change would allow us to consider providing affordable rented
accommodation wilhoul support. for people whose only need is lor secure housing.
iv. Availabili
ol move-on accommodation
With private landlords leaving ihe syslem and demand for socially regislered properties oulslripping
availability by some considerable margin, move on accomrnodation has become more diff icull to
access. Trustees have determined that we should continue lo locus on improving the quality and
standards of our own accommodation so residents can remain cornfortable while they wail for move on
accommodation to become available. They have also determined that we should conclude our
conversations on becoming a Registered Provider so that we might be able to consider providing social
housing move on for our own clients.
Traditionally being placed in Supported-Exempt Accommodation has increased the likelihood of
accessing social housing since being homeless leads lo an improved priority banding on choice based
letting systems. This sees single people who have acquired tenancy ready skills being able lo bid on
properties as a priortty 2 cuslorner rather than a priority-4 customer.
That situation is no longer the case with the I￿al shortage of Registered Provider accommodation
leading to people becoming trapped in Supported Exempl Accommodation unable to move on lo a more
permanent home. This can be seen in the local system in the following ways..
Only 8 /0 of all lets for studio and one bed flats have been allocated lo priority 2 customers in
Coventry.
Only 2 people (from ¢irca 130 service leavers) during the financial yeaT 2024-25 secured social
housing from a choice-based lettings bid process undertaken whilsl residing in Coventry
Cyrenians SE accommodation.
1 person who is priority 1 has remained in OUT accommodation since August 2024 unsuccessful in
all accommodation bids undertaken.
Our most successful move on criterion now is to private lets.
The private renlal market has proven suitable for some clients. However. it is fundamentally unsuitable
lor clients who have recently started work and for whom work practice remains fragile since Ihose
people are at increased risk of not securing substanlive wotk after probationary periods or when
seasonal contracts end. This situation is exacerbated in that the Local Housing Allowance limit makes
only 30/0 of privale lets alfordable if clients return to benefils. This collection ol issues generales income
instability which threatens tenancies and increases the likelihood of adverse debi outcomes. We have
seen a signilicanl increase in returner referrals to Coventry Cyrenians with this criterion as the reason
lor referral.
A period with an affordable rent and in a supportive housing environment signilicanlly increases a
client's long-term prospects in work and ihus enhances their future opportunities in the private rental
market. We have known for some lime thal homelessness support services need more move on
services Ihal support low income, new lo work clients. Becoming a Registered Provider would allow
Coventry Cyrenians lo consider diversifying their portfolio to include general needs and affordable rent
pr(Klu¢ts, therefore developing move-on accommodation lor our own clients.
The funding environment that developed during 2024-25 had Ihe F)ossibilty of generating an even more
uncertain world lor our clients and lor us as an organisalion. There was a national consultation on
Supwrted Exempt A￿0mMOdation and real-workl resource challenges in the benefit arena. The
locussed conversations Coventry Cyrenians undertook on both service capacty and capability
requirements provided renewed clarity on how to evidence what we do lo secure the resources we are
due and how to approach a risk reduced income generalion s￿narIO. We then used the resources we
generate for the benefit ol our clients and lo secure cost effective sustainable solutions which reduce
10

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Ihe impacts of homelessness in our local communities. 11 was through this lens that Trustees focussed
on how best lo expand our income and how to mitigate any income risks we might lace in an uncertain
funding world.
Securing and diversilying incorne to maximise organisational stability
The cost model we devised in 2023-24 lo support HB applications allowed us lo fully vndersland the
quantum of additional income we needed to raise to supy)rt our activities. We quickly realised that we
needed lo develop other income strands to supplemenl our fundraising endeavours. Fundraising is
always a challenge but during a cost-of-living crisis of the depth and duration we currenily face il has
become particularly challenging. We are grateful for whal we received bul have noled Ihal people are
happy to donate goods lo our clients. bul cash is in shorter supply.
We worked with Charity Bank lo secure grants as part of our fundraising and secured the ongoing
support of 29 May 1961 granl. Ihey were essenlial. generous and incredibly helpful bul also should be
considered as a non-recurrenl revenue stream.
We rapidly realised there was a slightly dTMerenl way to view our core skills in being a landlord, which
could support the generation of additional recurrent income. 11 we applied our property portFolio and
our excellent intensive housing management skills. our core C4Dabililies could be flexed and leveraged
lo generate the additional incorne required to fund support staff. As a result, we built a flexible ar
adaptive cost model that reflected those abilities and al￿Wed us lo bid for exlemal works in a way that
rnet our principles, aligned with our priorities and supported the system.
What does Ihal mean practically? During Q2 2024-25. we secured a contract lo offer managed
accommodation to the local authority which supports Coventry City Councils, Rough Sleeper Team lo
provide a housing service directly to people with no recourse lo public funds. Our focus is on intensively
managed accommodation and lacililies for the most vulnerable in society wilh a blended support offer
which ensures the provider with the right skills to support the presenting issue is available lo support
the need. 11 il is a legal issue, legal support is available, if il is a rough sleeping issue the city council
are able lo support the clients, il people need a sale warm space lo slay and a drfferenl therapeulic
conversation we will play OLJI part. Being so clear on who we are and what we do is helping us secure
additional funds to do our core work better and in a more sustainable way. We feel that working in this
way allows us lo improve our own SEA offer whilst closing sorne system gaps in key areas of
accommodation availability.
Partnership working
We. al Coventry Cyrenians, have recognised Ihal working with olhers is essential to supporting people
deal with a challenge as profound as being without a home.
Just as our new services include us working alongside other agencies to deliver the support Ihal people
need, we have also recognised that somelimes we do things that could be beller done by others. On
those occasions we need to SUPFWJrt other agencies to thrive in that space and example ol that is our
Christmas Meal.
On Christmas Day 2025 we will nol be providing our Iradttional Christmas rneal. On Christmas Day
2024, 250 people attended the event, only 5 of whom were homeless service users. We are proud ol
Ihe work we have done bul wilh the challenges thai homeless people face deepening, they now require
all our attention. We are supporting Coventry Open Ghristmas lo provide a meal on Christmas Day
2025 by sharing all the resources we hold that are specific to providing this meal: while we will focus on
our homeless remit.

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
A look to the Future- changlng metrlcs for a changlng world
On 16 April 2025, Ihe truslees approved the maknng of an application to be a Registered Provider.
As part of the process expert advice has been secured from Ihe Housing Qualty Netsvork, and new
operating systems have been secured to ensure that we are in the best shape wssible to accounl for
ourselves and our performance.
Inveslmenl in new inlegrated housing managemenl system
We are corntnitted to embracing lechnoloNJy as a vttal tool in enhancing our services and improving
operational efficiency. In the year ahead, we will invest in new digilal systems and engineer belter
pr(Kesses, lo reduce administrative burdens, itnprove data accuracy, and free up rnore lime for direct
supwrt work with our clients. In September 2025, we plan lo upgrade our renlal to Pyramid G2. an
established housing management system supported by ihe firm Omniledger and this will expand our
use ol secure cloud-based tools, and provide solutions that support client engagement and wellbeing,
ensuring we remain responsive, etticienl, and lulure-ready. After a salisfaclory implementalion ol Ihe
rental and support syslern rnodules, we will then consider the integration of our disparate maintenance
and finance systems into Pyramid G2 during 2026 which would bring further eff iciencies and benefits
lo the organisalion.
Support us
Our sound financial management means that we are well-placed lo push on as an independent charity.
However, additional support will enable us lo do more. We are especially keen to hear from local
businesses interested in aiding our work as corporate partners - supporting us linancially through
donations. sponsorship. or goods and services. We're also inviting employers lo talk lo us about
possible opporlunilies lor secure, well-paid work for our residents in relevant industries, such as
Iransport, construction or manufacturing. Coventry Gyrenians can provide support lor technical training.
including Higher National Diplomas. This is just one example of how we are broadening our approach
lo address the reasons for homelessness and remove obstacles to independent living.
Our finances
We are pleased lo report excellenl results for Ihe 2025 financial year li.e. 2024-251 which show an
operating surplus before exceptional items of £322,000 12024.. £239,301) leaving us well placed to
continue and expand our work with the homeless population needing supported-exetnpt
accornmodalion. Exceptional items include a dilapidation provision release of £165,216 and an increase
in valuation of freehold properties of £640:051. The operating surplus and the exceptional items set out
above increased reserves by £l.I million to £4 million in 2024-25.
We continue lo manage our costs as efficiently as possible and will utilise a proportion ol our tree
cash lo purchase more residential properties in Ihe forthcoming financial year- al 31 March 2025,
£750.000 has been transferred to designated resetves for this very purpose. By comparison. in
2024-25, the charity acquired two residential properties for £678.327. which provided twelve
additional accommodation units.
We recognise the increasing importance of fundraising in our annual budgets, given the risks
associated with changes in government legislation. and are very grateful lo our regular donors for
Iheir continued support. However, the challenging environment around fundraising reduced 2024-
25 donalions & legacies income of £75.851 by £22.742 coMp￿ed lo the prior year1£98.593}-
2024-25 income £2.3 million was nearly £0.5 million higher than the prior year1£1.9 million) due lo the
increase in accommodation income resulting Irom 32YD growLh in accommodation units at year end io
171 12024= 1301. The additional units were sourced from private landlords129 units) and purchase of
own properties112 units).
12

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Our balance sheel al 31 March 2025 shows a strong cash position of £835,09512024= £682,082) and
total net assets of £4.0 million12024.' £2.9 million).
The £1.3 million increase in fixed assets is due to the increase in the revalualion reserve of £640,051
and the purchase of two freehold properties for £678,327 which were financed OLrt of cash reserves
and by a £423,000 loan frorn Charity Bank.
Unrestricted funds, which exclude restl￿ed arKI designaled funds, decreased lo £282,090 {2024..
£537,284) mainly due lo the net effect ol the £322,000 operating surplus lor the year and the £750,000
transfer lo designated reseNes-. the latter demonstrates the charity's commitment lo purchase more
residential accommodation in the forthcoming financial year.
Restricted funds. which are not available for general purF(sses of the charity.- increased to £53,499
12024= £35,455).
Designated resetves, ol which £2.9 million can only be realised by the disposal of tangible fixed assels.
increased to £3.7 million 12024= £2.3 million) due to the revaluation effect of freehold properties
£640,051 and the £750,000 Iransler from unrestricled reserves.
Our net current assets increased to £552.189 (2024.. £314,924), demonstrating that the charity can
meet its reseNes policy of covering operating costs for at least three months.
The trustees review the reserves policy annually and consKler shorter-term changes in liquidily lo
support carefully evalualed inveslrnent opportunities wtth positwe financial irnpacts.
We remain in a strong financial position as we move lonvard and ready for expansion in Ihe future lo
provide lor the ever-rising population of homeless people needing supported-exempt accommodation
in Coventry and ils surrounding areas.
13

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Bala￿¢ 202$ v 2024 Firnn¢io1 Years i£[(￿)
8014￿ sF*t rweff¢nb 2025 v 2024 Finon¢ial Years (£TrJJsl
•IQR5
3500
25¢Q
Our governance
Conslilulion
Coventry Cyrenians Limited is a regislered charity, incorporated by guarantee in 1973 with no share
capital., the guarantee of each member being limited to £1.
Trustees are the legal Directors of the company in accordance with the Companies Act 2006, and the
governing document is the Memorandum and Articles ol Association.
The Trustees have referred lo the Charity Commission's general guidance on public benelil when
reviewing the charity's aims and objectives. and in planning its tulure activities. In particular, the
Trustees consider how planned activities will contribute to the airns and objectives that have been
set.
Our Trustees
Jonathan Price-mailow, Chair
Sally Eason
Rachel Hayward
Imran Abdulla"
Richard Hadley. Treasurer, Chair ol Finance and Audit Committee
Jayne Marron"
Lauren Bartholemew
' Member of Finance and Auditcommittee
Trustees are recruited in different ways in order to attract candidates with the required skills.
including experience of homelessness. Selection includes inleNiews with the Chair and Chief
Executive, and all8ndance al Tiuslee meelings as an obseNer prior lo formal 8leclion lo the Board.
There is no fixed term ol ottice lor Trustees. with a formal rotation policy lor any reappoinlmenls.
The induction process lor new Trustees includes rneetings Wlth relevant employees and visits to
projecls. One Trustee is appointed lo be the Chair by nominations of Ihe otherTrustees.
The TrLJStees. Chief Executive and Finance Director meet eight tirnes a year and al additional
meetings as required. The Finance and Audil Committee meets on a quarterly basis lo discuss the
14

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
financial management of the charity- The Truslees delegate the day-to-day management of the
charity to the Chief Execulive.
Trustees. responsibilities
The Trustees are responsible for prepaTing the Trustees, Report and financial statements, in
accordance with applicable law and regulations. Company law requires them lo prepare financial
slalemenls lor each linancial year. Under that law. they have elecled to prepare these slalemenls
in accordance with United Kingdom Generally Accepted Accounting Practice and the Companies
Act 2006.
Under company law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and lair view of the state of affairs ol the Charitable Company. and of
incoming resources and application of resources lincluding the income and expendilurel of the
Charitable Company lor that peiiod. In preparing these financial slalements, Ihe Trustees are
required lo=
Select suitable accounting policies and then apply Ihem consislenlly
Observe the melhods and principles in the Charity Statement ol Recommended Practice
ISORPI 2019
Make judgments and accounting estimates that are reasonable and prudent
State whether applicable UK AccoLJnting Standards have been followed. subject to any
material departures disclosed and explained in the financial statements
Prepare the financial slatemenls on the basis of an ongoing concern, unless il is
inappropriate lo presume that the Charitable Company will continue in business
The Trustees are responsible for keeFing adequate accounting records which sufficiently show and
explain the Charitable Company's transactions and disclose with reasonable accuracy at any lime
the financial position ol the company enabling them lo ensure that the financial slalemenls Comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the
Charitable Company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Insofar as each ol the Trustees is aware=
There is no relevant audit information ol which the Charitable Company's auditors are
unaware
The Truslees have taken all steps that Ihey oughl to have taken. lo make themselves aware
ol any relevant audit information and lo eslablish that the auditors are aware ol that
information.
The Trustees ar8 responsible for the maintenance and integrity of the corporate and financial
information included on the company's website. UK legislation governing the preparation and
dissemination of financial slalements may differ from that in other jurisdiclions.
15

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Risk assessment
The organisalion has in place a comprehensive risk mapping process, supplemented by a Business
Conlinuily Plan and a 'balanced scorecard. reporting mechanism. All Ih8se were subject lo
evaluation as part of the ISO 9001-2008 assessment. The principal risks and uncertainties Ihat we
lace have been identified as follows-
Principal risk identified
ow utilisation service risk resulting
n reduction in income and surplus
Steps taken to mitigate
Occupancy Meeting and service referral meeting dwly lo
process referrals more quickly
Management meetings including SMT held weekly which locu
on ulilisalion and income realised through eff eclive ulilisalion
Investments in IT to enable better management ol service
users
Lack ot
available
affordable
suitable accommodation lo support
presenling need
Build long term and established supporlive relationships with
our landlords
Use our generated surpluses lo purchase our own
accommodation to offer best value to lunders and lo clients
Approaching new partners including developers to expand
follow-on accommodation offer
High staff turnover leads lo
Safeguarding issues. This would
result in a poor outcome lor a
service
user and reputational
damage for the charity
Safeguarding included in managemeF)l and board reporting
CEO responsible for reporting concerns to authorities
Staff receive training
Staff peer meelings on a weekly basis give consistency lo
reporttn
wnechanisms
Management & Board reporting Include service quality
and complaints dala.
Siaff appraisals: Iraining & organisalional reviews
Poor quality service has an adverse
impact on our service users,
resulting in a reduction in
positive outcomes
The safely ol our slafl and
volunteers
Training programme backed by robust policies lor all slafl and
volunteers
Upgraded client ancl risk assessments lo rellecl presenting
needs in the most up to dale fashion, as clients, needs
change. so do the assessment processes change to reflect
the new challenges. (Health and Wellbeing Skills forms)
Investment in IT to support the safety of staff visiting
accommodation
Health and safety of our service
users in our accommodation
Maintenance manager with responsibility for Health &
Salety requirements
Mainlenance issues reviewed as part of the Board of Truslees
Management Team oversees Health & Safety
Adverse impact ol changes in
central government policy
Policies for Housing Benefit and Universal Credit
monitored by the management team and any malerial
polenlial changes nolilied lo the Board ol Trustees
Internal HB and UC processes reviewed by the
management team and changed if required lo ensure best
fil wilh policy and future proof lor any other polenlial
changes. This is enabled by..
Intemal expertise on HB and UC has been broadened and
16

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
deepened to allow improved monitoring of applications and
associated resources
Horizon scanning for changes
Increased engagement with the advice s￿l0r and legal
advice provider on impact ol any changes lo clients
Beller assessment tools lo establish and prove SEA HB
lo lunders.
The management team and the Board ol Trustees
regularly communicate with key stakeholders lo obtain
feedback on the quality of our service and relationship
The success of the charity
depends on strong lunder
relationships lo enable us to
secure contracts lo provide
serviees.
Remuneration policy tor employees
The Board follows a review process lor benchmarking the terms and conditions lor all employees
which takes place annually and is approved by the Board ol Trustees. The Board is committed to
paying the Living Wage as a minimum.
Approved by the Board of Trustees at ils meeling on 3 December 2025 and signed on ils behalf..
Jonalhan Price-marlow
Chair ol Trustees

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Report of the Independent Auditors to the Trustees of Coventry Cyrenians Limited
Opinion
We have audited the financial statements of Coventry Cyrenians Lirniled Ilhe 'Charitable Company'l for
Ihe year ended 31 March 2025 which comprise the Slatement of Financial Activities, the Balance Sheet,
the Cash Flow Sialement and notes to the financial statements. including a summary of significant
accounting policies. The financial retjjrting ITamework that has been applied in their preparation is
applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Praclicel.
In our opinion the financial slalemenls..
give a true and fair view of the stale of the Gharitable Company s affairs as al 31 March 2025, and
of its incoming resources and application of resources. including ils income and expenditure, for
the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Praclice., and
have been prepared in accordance with the requirements of the Companies Acl 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Audiling IUKI IISAS UK) and
applicable law. Our responsibilities under those standards are further described in the Auditors
responsibilities lor the audit ol the financial statements seclion ol our report. We are independent of the
Chartfable Company in accordance with the eihical requirernenls that 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 wilh these requiremenls. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating lo going concem
We have nothing lo report in respect of the following matters in relation lo which the ISAS IUKI require
us to report to you where=
the trustees, use of the going concem basis of accounting in the preparalion of the financial
stalernenls is not appropriate., or
the Iruslees have not disclosed in the financial slatemenls any idenlified material uncertainties that
may cast significant doubl about the Charitable Company's ability to continue to adopt the going
concem basis of accounting for a period of al least tsvelve months trom the date when the financial
statements are authorised for issue.
Other intomiation
The Iruslees are responsible lor the other information. The other inlormation comprises the informalion
included in the Report of the Trustees. other than Ihe financial statements and our ReF4Jrt of the
Independent Auditors Ihereon. Our opinion on Ihe financial slaletnents does not cover the other
information and. except to the extent olhetwise explicitty slated in our report. we do not express any
form of assurance conclusion thereon.
In connection with our audit of the financial slalemenls. our responsibility is to read the other information
and, in doing so, consider whether the other informalion is materially inconsislenl with the financial
statements or our knowledge oblained in the audil or otherwise appears to be materially misstated. If
we idenlrfy such material inconsistencies or apparent malerial misstaternenls. we are required lo
determine whether there is a material mi&statement in the financial slalements or a material
18

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Report of the independent audilors to the Trustees of Coventry Cyrenians Limited
(continued)
rnisstatement of other inlorrnalion. If, based on the work we have perforrned, we conclude that there is
a material misslatemenl ol this other information. we are required lo report Ihal lacl. We have nothing
lo report in this regard.
Opinions on other rnatters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course ol the audtl-
Ihe inforrnation given in the Report of the Trustees for the financial year for which the financial
slalemenls are prepared is consistent wilh Ihe financial stalemenls. aTh
Ihe directors, report has been prepared in accordance with applicable legal requirements.
Matters on which we a￿ required to report by exception
In the light of our knowledge and understanding of ihe Charitable Company and its environment
oblained in the course ol the audit, we have nol identified material misslatements in the Report of the
Truslees.
We have nothing lo report in respect of the following matters in relalion lo which the Companies A
2006 requires us lo reF)Ort lo you if, in our opinion=
adequate accounting records have not been kept. or relums adequate lor our audit have not been
received from branches nol visited by us., OT
the financial statements are nol in agreemenl with the accounling records and returns., or
certain disclosures of truslees, remuneration stxcified by law are nol tnade- or
we have not received all ihe informalion and explanations we require for our audil- or
Ihe trustees were not entitled to take advanlage ol the Sm￿1 companies exemption from the
requirement to prepare a Strategic Fleport or in preparing the Report ol the Trustees.
Responsibilities of trustees
As explained more lully in the Stalemenl of Trustees, Reswnsibililies, the Iruslees (who are also Ihe
directors ol the Charitable Company for ihe purposes of company lawl are responsible lor the
preparation of the financial slalements and for being satisfied thal Ihey give a true and fair view, and
for such internal control as the Iruslees determine is necessary lo enable the preparation of financial
statements that are free from rnaterial misstatement, whether due lo fraud or error.
In preparing the financial statemenls. the trustees are responsible for assessing the Charitable
Company's ability to continue as a going concern, disclosing, as aF)plicable, matters related lo going
concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate
Ihe Charitable Company or lo cease operalions. or have no realislic aliernative but to do so.
Auditor's responsibilities for the audit ol the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due lo Iraud or error: and to issue a Rewrt of the
Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but
is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material
misstatement when it exists. Misstalemenls can arise from fraud or error and are considered material
19

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
il, individually or in the aggregate, Ihey could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
A further description ol our responsibililies for the audit of the financial slalements is located on the
Financial Reporting Council's website al- www.Irc.org.uklaudilorsreswnsibililies. This description forms
part of our Report ol the Independent Auditors.
Report of Ihe independenl audilors to Ihe Trustees of Coventry Cyrenians Limiled
(continued)
Use of our report
This report is made solely lo the Charitable Company's members, as a body, in accordance with
Ghapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might
slate to Ihe Charitable Company s members ihose matters we are required io state lo them in an
auditor's report and for no other purtyjse. To the fullest extent permitted by law, we do not accept or
assume responsibility lo anyone olher than the Charitable Company and Ihe Charitable Company's
members as a body, for our audit work: lor this report: or for the opinions we have formed.
Gregg Olner MPhil BA (Honsl FCA (Senior Statutory AudttOTI
lor and on behalf ol HB&O Ltd
Chartered Accounlanls and Statutory Auditor
Highdown House
11 Highdown Road
Leamington Spa
Wa￿ickshire
CV31 IXT
3 December 2025

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Stalemenl of Financial Activilies for Ihe year ended 31 March 2025
(incorporating the Income and Expendilure Account)
Deslgnated Resirl¢ied
Funds
lunds
funds
2025
2W24
Income anrj endowments frIMn:
tIonati￿$ arKI legacies
75.851
75.851
98,593
Chariiable aciiwties."
Grants
AcComM￿allOn charges
112.988
112,988
2.073,618
37,304
1,578.329
2.073,618
Other trading activities
Investrnents
her
16.646
50,123
16.646
50.123
106.158
Totsl Income
111988
2.329.226
1,847,213
Expendfture:
Rsising lunds..
Fundraising
Trading actiwties
64.992
65,297
85,743
Gharitable aclivitie5.'
Grar)ts
Accommodation
2.324
1,819.332
97,268
1,844.661
32,442
1,489,727
25,329
Toial expendiiure
1,886,648
25.634
94,944 2.1)J7,226
1,fA17,912
t operating ineomel1expendilu￿) for Iheyear
125,6341
18,044
322.000
rJ9.301
Transfers b&￿een funds..
13
1750.IKK>I
750.LK)O
Ex¢eMlon￿ Item- Dilapidati￿ provision
Exceptiona item- R&valualion ol Ireehdd prcyerty
165.216
165.216
640,051
640,051
movement in funds
1255.1941
1,364,417
18.044
1,127,267
239,301
Total funds broujht forward
537.284
2,316,398
35.455
2,889,137
2.649,836
Total funds carried forward
13
282.090
3,680,815
53.499
4,016.404
2,889,137
21

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Stalemenl of Financial Activilies for Ihe year ended 31 March 2024
(incorporating the Income and Expendilure Account)
Unrestricted
Fun(ts
Designated R8strict8d
Funds
Funds
2024
Notes
Incorn8 and 8ndowm8nts frorn:
DOnati￿S and I￿a¢leS
98.593
98,593
Ch2rikble 8cliwties.'
Granis
AccorDm￿JatloD charges
37,304
37,304
1,578,329
1.578x9
Otherlrading activities
Inveslments
Other
26,829
102.243
26,829
106,158
3.915
Total ineomè
1.W5,994
3,915
1,847,213
Expenditure:
Raising funds..
Fundraising
Trading actiwties
85,743
Ch2rikble 8cliwties.'
Grants
Accornrnodation
31,589
32,442
1,489,727
1.475,9)2
13.825
Total expendilure
1.561.719
14.604
31
1,607,912
Net incomellexpenditurel for the year
244.275
{10,689}
5.715
239.301
Transfers klw88n funds
Net movement in funds
244,27S
110,6891
5.715
239,301
Total funds broujht forward
293,(M)9
2,327.087
29.740
2,649,836
Total fundu carried forward
13
537,284
2,316,398
35.455
2,889,137

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Stalemenl of Cash Flows for the year ended 31 March 2025
Notes
2025
2024
Cash flows from opewating
ac11vit￿.
Nel cash wovided by I￿rating
420,478
149.9D4
Cash flows from In¥￿ing
ac11vit￿.
Pur¢hase of property. plarn arKI
equipment
Proceeds from sJe 01 property,
plant arKI eyuipment
Reni received from propert*s
1688.8151
126.5141
3,915
16,646
26.828
Nel cash (used inliFKovided
investing activities
Cash flow$ Irom flnandng
aclivities:
Loans exiended
Repayments d borrowngs
1664,9691
4,229
125,4961
Nel cash used in finar￿Ing
act￿l￿e5
397,504
Change In cash and cash
equivalents in the reportiny
period
Cash and cash equivalents at
the teginning ol the rewrting
penod
Cash and cash 8quivalents at
the end of the reporting peri¢
153,013
154,133
527.949
682.082
Notes to the Statement ol Cash Flows
Reconciliation ol nel inccKnellexpeThlilurel to net cash Ilow from operating ￿t￿l￿S
2025
2024
Nel incLYne for the repotling las wthe
slalemenl ol linarti￿ adivrtiesl
Adju51men15 for..
D8pr8eiation charges
IProlillAoss on disry)sal of fixe(l assets
Proliullossl on release of diIaFidat￿n twovi&on
Interest charged
Rent receivable
Ilncreaselldecrease In (kbtot5
Increaselldecreasel in creditors
322.000
239.301
9.369
18.800
165.216
23.334
116,6461
135.0591
166,5361
14,604
13.9151
126.8291
125.6361
147.6211
N81 cash provided by operating activities
420,478
149,904

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the Statement ol Cash Flows (cont.)
The amounts disclosed Stalemenl of Cash Flows in resF*d of cash and cash equivalenls art In wpect of these
Bdance Sheet amounts..
Year ended 31 March 2024
31.03.2W25
01.04.2024
835,095
682,082
Analysis ol Changes in Net Funds
At01.04.2024
Cash Flow
AI 31.03.2025
N81 cash
Cash at bank and in hand
24

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Balance Sheet as at the year ended 31 March 2025
Unrestrlcted Restrlcted
Funds
Fund5
2024
Fixed av3ets
Tangible fixed assets
3.867.710
3.867.710
2.574.213
Current assets
Debiors
Cash at bank ar￿ in hand
143.502
781.596
143,502
835.095
108,443
682.082
S3.499
Total current assets
53,499
978,597
790,525
Liabilities..
Credltors= amounts Wllng due wlthln
one year
Trade and other Cr￿itOrS
Provisions
1216,4551
1209.9531
1216,4551
1209.9531
1240,3851
1235.2161
Nel cutTent assets
498.6
53,499
552,189
314,924
Total assets less current liabilities
4,366.40D
53,499
4.419,899
2,889,137
Creditors.. arnounts falling after more than 10
Or￿ year
1403,4951
1403,4951
Total nei assets
3,W2,905
4,016,404
2,889,137
The lund$ of the ¢harlty
Designated lunds
Designated waluation re$￿e
1.613.909
2,066,906
889.543
1,426,855
Unrosiricled fur
282,090
537,284
Resiricted funds
53.499
35.455
Total funds
12
4.016.404
2.889,137
These linancia statements have t￿en prepared in ￿)rda￿e ￿th the wovi%ions of Part 15 01 the Cofflpani￿ Act 2006
relating to Charitable Small Companies.
The finanud statements were approved by the Poard of Tnjstees on 3 Decemter 2025 and were signed on its by..
Jonathan Priee-marfow
Ch￿r ol Trust88S
25

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements
General infoThation
Coventry Cyreniarts knrniled i8 a company limilal by guarantee and is incorwraled in England. 11 is also 8 registered
charity as regulated by the Charily Cotnmission for England and Wales. The aiJdres5 of thE regLslered Offi￿ 15 given in
the company information on page 1 of these finarri￿ staternents.
prin￿paI accounting Fdici8S
Accounting convention
The financial statements ol the Ctharilable Cornpany are prepared in arLordam8 with Th8 Companies Act 2006, the
Statement of Re¢ommerKYed Pra¢ti¢e A¢¢ounhng by ChaTtlies ISORP FRS 1021. Ihe Finartial Rerorting Siandard IFRS
1021 and with applicthe accounliw standards. Thesef1nar￿lal staternenlsaredrawn upoTrthe histo￿al costconvention
miQilied lor rev￿Uall0ns ol certain Classes ol fixed asset.
The ChariMble Company salisfies ihe [￿Irements of a publK berefrt enlity as set oul in FRS 102.
The principal accounting polties ofihÈ Ctharity are sel and have reniained unchanged from the previDUS period
unless otherwise stated.
Tangible fixed as86t5
Tangitle fixed assets are stated at cost or v￿￿atiOn. IrKliwdual iterns wlh a purchase price of £1,500 or less are wrttrten
oll in the perithl In wh￿h tho asset is acxwir&l. Tenants, fumiture is ￿lmen off in Ihe period it i8 wuired as ils estimated
useful life is le55 than one year.
Depreciation is charged by It￿taIr￿errt5 COtnrnerKing wth Iheyeard acquisition at rate5 e5tivnat￿ lo write off the cost of
asset less any resklual value over the ex￿1￿1 useful Inies which are as followE:.
Furniture and equirxment
Motor vehicles
Fixtures & litknngs
4 years
4 years
4 years & 10 years
Freehold property that is L9t OLrt to futherthe charitys ovm purrM)ses by providing a serwice lo th8 charity's ￿nstiCIarI8S
is accounted for within tangible fixed assets. The Trustees consider the revalued freehold prwErty to be rnalntait￿d in
such a stat8 of repair that any residual ¥￿ue is at ￿ast equa lo the carrying amount. As such any dew8ciation charged
on these revalued assets wYyJld nol be [nate[i￿ at¥J is T￿n1￿j in these find[￿la1 51atetnenls. The Trustees review
the carryiro amount of these assets annU￿ty lor Im￿rnient in accordance vAth FRS 11r2.
Taxation
The ￿panY is a registered charity aThl no wovision is requir￿ f0r1axat￿n.
Incoming resources
Donations, legacies and grants r￿e1Vable are recogni￿1 in ir￿Orne when the Charity has satisfactory entitlement
10 the lunds- it Is more likely Ihan not Ihai Ihe amounis are due 10 the Charity." arKI thai the moneiary value can it
reliably measured. In the case ol unsolicited donaiK>nsthis is usually only when they are rec￿ved. while fund raising
resulls are &counled lor when the cwmilmeni is made by tho donor, subj.eci 10 lulfilmeni.
Gifts ol gorxls and kiThl arevalu&l at Iheireslimated farv￿￿e. Where the Charity conskkn it impractica tomeasure
the I￿r y￿ue ol goods donated lor resale the atnounts are recognised within income when the go￿8 are sold.
Local Authorty CLrt revenue is Tecognised contractual Lllwations have LEen lulfilled.
Resour￿ r￿1VeY in advarKe of rt*wNJ sabsfxtory entitlem￿1 are ir¢luded as a defer￿￿ in¢tyne liabilty (Xl
the balance sheet. Deferred irtome is ￿leaSed ￿ the Stalement ol Financial Activilies l-SoFA"l al such a time as
entio￿￿ent 15 Confir[n￿l.
Pensions- delined eontribubon sehen
Contributions are charged to the SOFA as tw b￿ne payable in aCcOrthn￿ wilh the rules ofthe scheme_

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
Resources expended
Charitable expenditure comr*ises those costs incurred by the Charty in the delivery of its aclivilies and services lor ils
beneficiarie5. It Include5 b)Ih cosls that can be allcrated o5[￿lY to suth acbvitie5 and Ih05e costs of an indirect nalure
nee8ssary to support Ih8m.
I costs are allttated belween the exrEndilure categNies ol the SOFA on a basis deSigTh￿ to refknt the use of the
resour￿. Dir￿tlY altritxrtable cosls aTe alIL￿ated by reSOuT￿. wth the balance of expenLliture allocated according to
the propK)rtion of in(x)tne r￿Ved in rdation to e￿ resourr%.
Governance costs i￿1￿9 those CDSts asswated with meeting the constitutional and statutory wuirernents of th8
Charity and include the audit fees and costs link￿ io Ihe straiegt managemeni ol Ihe Charity.
Ir￿cOVerable VAT 6 ¢hargeL1 as a cosi agwn* Ihe *Wvity lor which Ihe eXper￿lI￿e was ir¢ur￿.
Fund ¥A)untlng
Funds by the Charity are=
UnrestricW fund$
These are funds which can te used in accordance wlh charit*le objects at the di*￿ts"0n ol the ttustees.
Deslgnated lunds
The￿ are lurKJs sel as1￿ by the ITuslees (Art ol un￿1r￿￿ed general lunds lor S[￿1¢ future wrKM)ses or projects.
Reslrlcted lunds
These are lunds that can only be th£ed for paitular restricted purrx)ses within the Dbj*ts of the charity. Resttictions
anse when specified by the dor￿[ orwhen funds are raised for parbcular restricted purposes.
Operating leases
Rentds payable ￿￿jer operating leases are chargeij to the SOFA on a sLraight li￿ basi5 overthe lease lerm. Rents
receivable und8r non-Gqnc8llatA8 OP8ratiThJ leases are recC*Jn1￿ in accordarth with th818as8.
Financial instruments
Loans and borrowiros are initially recognis&l atthe transaction price including transaction costs. Sub88qu8ntly, they
are measured at arnortised using tIE effective interest rate methixj, less itnpairmenl.
Debiors and ¢￿di￿r5 wrth no sta1￿ inte￿1 r*e aThJ r￿n1*￿e or paythe within ￿e year a￿ rewrded at
transaction pr￿e. Any losses arigng from imrAimienl are r￿niS￿l in the SOFA.
27

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
3 Incoming resources
Donalions and legacies
2025
2024
Legacies
Donations
S.OCK)
93.598
75.851
Total dormtions and legacies
75.851
98,593
Grants
Warwick District Courol
Acces5
Chanty Bank
Covlwarks Partnership Trust
26.168
11.82D
75,000
24.804
12,500
Total grant incom8
112.988
37.304
Accornmodation charges
Accomm(yJalion Charges
2,073,618
1,578,329
Total accommodatlon charges Income
2,073,618
1,578,329
Total income Irfjm ¢harwtat4e ac%ivities
2.186,606
1,615,633
Investment ine¢)me
Rent receNed
16,646
26,829
Total investment income
16.646
26,829
Olh8r income
Sundry incorne and charges
50.128
106.158
Total other Income
50,123
106,15B
Total income
2.329.226
1,847,213
28

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
4 Total resources eXp￿d
lal
Anaysis ol to1￿ resources expen￿1
Support Other direct
costs
Total
2025
Total
2024
Raising lunds
Fundraising
27.191
28.412
65.297
85.743
Total experK1rtU￿ on raising furKYs
27.191
28.412
65.297
85.743
Chariiable aciiwties
Grants
A¢¢omm(rtYaiion
14,440
2T3.854
42.324
802,660
97.268
1,844,661
32.442
1,489,727
768,147
Total eX￿￿li1Ure (*) th￿l￿￿e
activities
808.651
1,941,929
1,522,169
Total expenditure
835.842
297.988
873,396 2.(N)7.226
1.FA17,912
Total
experKJed
Total restricted resou￿ exper¥
unrestricted
resources
795.338
285.871
831.072
1.912.281
1.576.323
12.117
42.324
94.945
31.589
835.842
297.
8T3,￿ 2.(*Tr.226
1.&)7,912
Ibllil An￿ysiS ol support costs18xcludiro g)vemanc8 Costs) incu￿4 in managing the charty
Total
24
Communic*ions &
1.255
1.870
35.463
8,610
126,90B
71,257
4,072
17.387
38,588
9,369
138,092
77,536
4,431
18.920
27,660
14,604
121,475
176,178
4,692
35,725
Depreciation
Financial cosls
305
4.492
6.692
3,757
215
Premises cosls
Printing, postage & stationery
Miscellaneous
144
616
917
13.915
2&3,697
286.936
380,334
Iblliil Analysis ol support ¢osts considered to l* govanarKe costs
Total
T4IAI
2024
Funds
Auditors, remuneration
Legal and wofessional fees
378
7.168
2.988
7,800
3.252
6,250
48.904
10.156
11.052
55,154
Other dIr￿ ¢osts In¢lude:
Operating lease payments
330,062
260,041

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
4 Prior year comparative of total ￿r¢e5 expended
Anaysis ol to1￿ resources expen￿1
Support
Other
dlre¢t
costs
Total
2024
Stall ¢ost$
Raising funds
FuThJra15ing
35288
23.222
27.233
85.743
Total expendituo on raising fu￿$
35288
23222
27.233
85.7
Ghariiable adivitses
Grants
Accomm￿allOn
13J51
613,097
8,787
403,479
10.3D4
473,151
32.442
1,489,727
Total exponditure on chatitable acbvilies
626,448
412,266
483.455
1,522,169
Toial expendfiiure
661,736
435A88
510,688
1,￿7,912
Total Unrestr￿ted resources experKled
Total re51rKled resources eXper￿￿j
648,109
13.627
427,554
7.934
500.660
10.028
1,576,323
31.589
661,n6
435.488
510,688
1,607,912
Id)lil Analysi5 01 support cosfs lexcludirKJ govemance cost51 inCUTreJ in tnanaging the charty
l¥i>ty
Fur
T￿￿1
2•24
Communications & IT
Depreciation
Financial costs
Premises costs
Printing, postage & stationery
Miscellaneous
1,475
25,627
13.530
112,546
168.228
4,347
33.IfM)
27,660
14,604
121,475
176.178
4,692
35,725
6,478
9.395
2,451
720
7.674
352.378
380.3
Id)liil Andysis ol support costs (x>nsidered to govefflance (x>sts
Fl*Si
rrfams
2024
Auditors, remuneration
Legal and wofessional fee5
333
128
5.791
6.250
48.904
2.941
1.113
51.100
55,154
Other dlrect costs Inclwle=
Operating lease payments
260.041
Trustees. r8rnuneratron
No Iruslees received any erndurnents ex￿SeS during Ihe year12D24.. tnill.

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
Staff costs
Staff costs were as follows:
2025
2024
Salaries and wages
Social security costs
Other pension costs
Agency staff
646.655
59,219
47.032
82.936
532.200
48.858
37.380
835,842
661,736
2025
26
2024
21
The average number of emrAoyees ijurino the year was..
One employee12024: one) re￿iVed em(Auments of ftK)re Ihan £80.(KK). yel less ifkan £g1.(KK> during the year.
The key managernent personvd of the Charity cotnprise the trustees. the Chid Executive Officer and the Finance
Director. The told remuneraiion Ihese otfKeis lor the year 10 31 March 2(r25 was £132,60412024.. £145.3651.
The Charity op8rates a defin8d ￿ntributIOn pension scheme for the benefft of a number of ils emrAoy88s. Th8 assets of
the scheme are held separately frotn those of the Charity in an ir￿ependent1Y adrninistered fund. The pension cost
eharge represents the contri￿rtionS payable by the Charity to the fund. Contributions totalling £3,97912024.. £3,426)
Were payable to the fund at th8 y8ar end and ar8 includ&1 in cr&litors.
Tangible fixed assets
FTeehokl
Furnilure &
Equipmeni
Molor
Vehieles
Fixtures &
Fittings
Total
Cost or valuatlon
Ai 1 April 21Y24
A(￿lI10n$
Revaluations
Disposals
2,￿?,8T2
678.327
640,051
121.2WI
114,9&3
42,941
10.488
89,849
2,780,595
688.815
640,051
140,4001
119.2(K>l
At 31 March 2025
1&30,(
114,9&3
34,229
4,(fj9,061
Depreciation
Al 1 April 2024
Charge for year
Eliminated on disposal
111.153
22.gm
7,118
114,41X>I
72.325
461
206.382
9,369
114,4001
Ai 31 March 21r25
112,943
15,622
72,786
201,351
Nèi Book Valu• * 31 Math
2025
3,&ry0,(
18,607
17.063
3,867,710
Nel Book v￿￿e at 31 March
2024
1532.822
20.037
17.524
2.574.213
Freehold property was ValU￿j on an open rna￿et basis on 31 ￿tOkEr 2024 by Mark Treadwell MRICS on behalf ol Shddon
Bosley Knight Professional SeNices ￿Mited. If freehold prq)erty had not been il W￿ld have been included in the
financial statements at a carrwng arnounl underthe historical cost convention of £1.758.72412024". £1.101,59n.
Debtors.. amounls falling due within one
2W24
Trade debtors
AccoMm￿ation charges receivatAe
Other debtors
16.259
52,071
40.113
93,020
29.576
31

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
Credhors: amounts falllng due wlthln one
2024
Trade and other cr*Jitors
Trade creditors
Social security and other taxes
Deferred Income
Oiher creditors and sxoviqions
Gharity loan < 1 year
Pension eontributior
5.127
14,837
61.140
23,484
2.000
385,551
385,121
17.344
3,979
3,426
426,408
475,601
PrOvI￿On$
BJan¢e at start of year
Arnounts released
Amounts wovi¢ed lor
235.216
1165.2181
139,953
Baanco at end of year
209,953
10.
Credltors: amountsfalllry due aftv MO￿ than year
Charity loan 1-2 years
Ghanty loan 2-5 yew5
Chanty loan > 5 yea
17,344
52.032
334.119
Balance as at 31 March 2025
403,495
Deferred ir￿orne represents resources recwv8d by the Charity thal d) nDt m88t the criteria for recconition as incom8 in
SOFA because entiiiemeni to the i￿ome does ￿ exi%1 ai Ihe Wance sheet date_ The amounts a￿ released 10 the
SOFA once satisfactory enlrtlemenl is Obt￿ned.
B￿ance as at 1 April 2024
Amourts ￿leaSe￿ 10 income during Ihe year
Amounts deferred during Ihe year
2.000
12.0(Kll
Bdance as at 31 March 2025
12.
Anatysis of n81 assets betW88n funds
Designated
funds
Total
funds
funds
Tangible fixed assets
Net current assets
3,867.710
1186.8951
3,867,710
148.694
53.499
Net a5sgL5 at 31 Match 2025
3.680.815
53.499
4.016.404
32

Coventry Cyrenians Limited
Financial Statements for the year erbded 31 March 2025
Notes to the financial statements (continued)
13.
Movement in furbjs
Incoming
CKrtgoing
Exceptional
items
31 March
2025
2024
Transfers
Unr8Strict8d funds
Designated
fixed
asset reserve
Revaluation reserve
125.6341
7￿,000
1.613.gJ9
1.426.855
640.051
2.086.906
Designated funds
2.316.398
125.6341
750.LKIO
640.051
3.680.815
Generd lunds
537.284
2.216.ZJ8
11.886.648)
1750.0001
165.216
282.090
2,853,682
2.216.ZJ8
11.912,2821
805,267
3,962,905
Restrlcted lunds
Other
restricted
Grants
35.455
112.988
194.9441
53,499
35,455
112.988
194,9441
53,499
Total funds
2.889.137
2.329.226 12.007.226)
805.267
4.016.404
The designated fixed asset reserve represents thÈ nel bcd ol fixed assets. adjusted IDr the charity loan lithlily,
before any revJuation. FrorD 2022 orwRrds it also incorporates any dilapidations a￿tue￿ for againsl leased properties.
The revaluab.on reseNe represents t1￿ excess of Tnarket ¥￿ue O¥￿h1St0rK c(Et fora nurnberof freehDld propertie5. The
net bookvalue offixed assets. adjustal forthecharity Iiabilty, istherefore rW8Sent￿ bylhe sum ol th& designated
fixed asset and revaluation reserves.
14.
Leasing commitments
lal At 31 March 2025 Ihe cotnpany hwj rnjal cotnwnitments U[wJ￿ non-canEellable opwating lea5e5 a5 Sel out below..
2024
Opeoting leases whth expre:
Within one year
Between one ￿ INe years
After more than five years
405,￿7
1,214,810
9,011
187,545
465,157
1.628.828
652.702
It*) Priorto 2025 the company sut>l* a wperty aThJ is due Ihe fdlowing rents r￿)￿ar¢ell￿e operating leases".
2024
(l)eraling leases which exrAre:
Within one year
Between one and five years
After more than five years
22,187
22.187
15.
Related party disclosures
Aside from key management reM￿eratIOn as crtrtlined atrme, there related partytransactions forthe year Ènded
31 March 2025.