REGIS.TEREI) COMPANY NUMBER: 1195549 REGISTERED CH*RITY NUMBER: 504094 GROUP REPORT OF THE TRU8TEES AND CONSOLIDATED FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 FOR GOLEUDY HOU81NG AND SUPPORT LIMITED IFORMERLY KNOWN A8 CYMDEITHAS CAER LA8) A COMPANY LIMITED BY GUARANTEE GOLEUDY HOUSING AND SUPPCIiT LIMrrED (ACOMPANY LIMrrED BY GU*JIANTEE) CONTENTS OF THE FINANCIAL sfATEMEI￿s FOR THE YEAR ENDED 31 MARCH 2024 Pag• Report of Truste68 Réport of the IndBpendent authtor¥ 19-22 Slatsmant d Flnanclal Acllvlll8B Batance Shaot 25-28 stalemont of Ca8h Iknw8 Not88 to the FIna￿le1 Ststamonts GOLEUDY HOUSING AND SUPPORT LIMrrED IA COMPANY LIMrrED BYGUWXTEE) REPORT OF THE TRiISTEES FOR THE YEAR ENDED 31 MARCH 2024 Th• tru8teos FXB8enl thelr rnporl and flnancknl 61atem&ts for the w onded 31 March 2024. Th8 flnandal statemeniB have begn prepaT8d In acca)rd￿l￿ wlth the 8C(x)unllng PDlldoB 8et oul In 1 to Ihg flnanclal 8tat&mènts and compty *lth the charW8 Artlcle8 and Memorandum of As8cKlatth, the Companle8 Act 2006 and 'AC￿ntIng arKI ReFM)rling by Chexltl88: Stat8m8nt of Rècommend￿ Pracllc6 aN)Ilcable to charfdes prepurfng thelr accounts In a￿￿rdar￿ wlth th8 Flnandal RepryllNJ StsndHrd appllcajlg In th8 UK and Rapubllc of Iraland (FRS 1021 {8ffectlv8 1 January 2019r. OBJECTIVES AND ACTNmE8 Th• Charlty Goleudy HoudThJ and support Llmtted (Goloudy, wevlou8ly c￿ndalIha9 Caar Lao) Is a WelBh charllable CL¥npwy opgratlnp In th9 Ihlrd S￿￿>r. . We prevent hom81888no88 We provkle hou81ng and opp(￿nftl1s8 • Wa tackle povety and 8odal axdwknn We are a medlum-Blzed organ18alJon wovldlng for oomo of Ihe most marglnallsod and dl88ry8ged duzens aGro8B South We•t Wale8. TyplBI(*l Emrfronmert 3) Slaff tralnlng and BUPPOrt 4) m￿ag￿9 relatlon8hlp8 6) Evaluatlon of out¢(xn8B Goleudy has develwl Its own unlquo PIE modèl ba8ad on tho prfnclple• of 801uU(yrfocu8ed wa(Alce our h18W of ￿Ing In partn8r8hlp wllh a group of p9s¢I￿logI3ts - Work1￿ Conver8aUons' Llvery)ool Unlbpr81ty. 1) D•Y￿pIng a pychologlcal fram•work Our 8UPPOrt servlcos aro modelled on the valu￿, as8umptlon8, and Bklll b888 of So￿lI0n-10cU$Qd pracoce (SFP), sodally conslructed fomi of psychoth8rapy Ihal locate8 thg expertlse *llh the cll8nt rather Ihan the Rggardlng thg cllont 88 tho b98t experl In thelr Ilfe, SFP pay8 atlenuon to what tho dlent 8eak8 and hx)k8 to ompllfy progrOB8, I￿81ng on 8trengths ond rB8ourc06 In thdr Ilfe. Plcrnered Inluallydurfng 19808 In Mllwaukee In the US, It ha8 developed a8 8 Sho￿1•￿, 90814ocu8ed, 8vldanc￿B8d apky0￿. Now 8 global phenomerK)n, tt b088t8 emplTlcal evklence that N IB a8 8UCC888ful as mosl mod88 L* p8ycholcqlL¥I therapy. Its core tgngt18 that It helpj Gllents make chang88 by creatsng SO￿￿10n8 rather than focuslng on problgm8. Many organl8atlcffl8 8ngagg p8>rhologlgts to undgrtake thls part of worklng In a PIE and Irauma4nfomHI' w*y. In 2019. Wthing CotNer68tlon8' provlded Goloudy V•ith a ￿nSUltancY roport onllugd The Maklrv of a PIE {Pooplo Infomiad Envlronment),. Th18 th)cum8nt ha8 b8w In&trumental In the development of Goleudl8 appmach. Th8 rewi ha8 slnce been augmented by lh8 IYK) re8earth projects that L1￿cK)I Unlv8rn1ty ha• undertaken. The8e dor#Jments have been Instrum￿1 In creatlw tho 'lnfomied by People. 8eolon of Iho Bu81ne88 Plan. 2) Th• Phy•leal Envlronmont Thls a5peGt of PIE con81dorB the role of thg on￿ronMent for both St￿ and dl8nt8. Golgudrf6 'Creatlffj 8pac of OH￿rtUn￿ focuses on cxintlnudly upgradlng and refuTbl3hlw our accommodatlon for OLW dlents and th9 projeot premlw whgre 89rvlce8 are ddfvernd. 130LEUDY HOUSING AND SUPPORT LIMITED (A COMPANY LIIArrED BY GUARANTEE) REPORT OFTHE TRUSTEE8 FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVE8 AND ACTNrriES . CONTINIKD 3161aff trnlnlng and Support Tho tralnkng programmo for our 8tsff has beon Ileralvety d6vebped over the last kn years or more. We have moved from t88chlng 6tnJctur&J 8dutloTrfocxJ8ed pracU(¥ 8klU8 tralnlng to 8 more tsllgrgd approach for 6taff. 4) M•naglng r•latlon•hlp• We Inv88t In our people 8trategle8, rncopnS6lng that our 8laff need 8UPPOTL reBourcas, kYofo88lonal d8vek)pmenl and lao4111188 to maxlrnleo our dl8n18' berth. Our tralnlng and development foous on the thlnklng and bohavloif thal help 88tabll8h 8trong worklng rolallorAhlp8 b8iwe8n our t6am8 and load to wodudve vthlng ralaUorffjh*s ￿th dlenta. 6) Evaluallon of outcom•• Alongjldo our re8earoh reLqUon8hlp *llh LIvert￿lI￿￿er8ty. ￿ al80 ￿llect data to help u6 understa￿ th dlatarKo tmvew ty our ¢N8nts and the dlfforen¢• (￿r 86ThIce8 make. A¢tlvHl•• R￿lIed to our ov•rnrohlng PuryM• GoleLKly offer8 a varfety of s•rvlce8 to vulwable gJull8. We cuwentty operate q¢ro88 ffve Wdsh local aulhorfty areas: Swan8ea, Neath-Port Talx)t, Camwthen8hlre, mOrth￿ T￿1 eAKI Pombrokeshlro. Post >w4nd, ￿ hav8 bagun to doI￿ar a jor￿¢8 In 8rfWd a180. W6 provkle thro0 dkntlnGt fyp08 of $erylco: 1) HwBlngwrnlatgd Bupyt work IlJnd8d, m81nty by Weleh l(Kal 8uthorftl88, lthlch IncltKle8: a) Comrnunlty, Shared hou81ng, wlth hou81ng481ated SUPP￿t allached b) Houslryryrelated 8upport to people In thelr own tenancy c) 24thour 8pgcla118t accommodatlon 8enrfoo8 2) Daydme 80nrt￿3 on a drop.ln or outreoch ba818, whlth Incknle a) Communmy and Actlvlty Centre8 b) Advlc8, Advocaty and Dwln 8er4rfce8. 3} Fo(xl dl8tr1)utlon and preventlon of food waste. D•ts118 of our projects can be fourKI on our %￿bSIte. goloudy.org. Publlc B•n•fft Our ￿tIvItIeS dlrecty ￿)ntrIbUte to tho Charlty Comml8Blon'8 gLddanco on publlc benefit. GOLEUDY HOU81NG AND SUPPORT LIMrrED (A COMPANY LIMrrED BY GUARANTEE) REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AGTivrriES- COPU14UED Pdmary B•n•flt Goleudy assl8t8 Ovor 1.000 vulnerable adult8 6very year acr088 a rnngg of ser4lc88. Th• prlmary berRfft8 beneiii8 experlenc&l by cllents of th8 I*￿rIty In0￿de. Prevantlon of homele66neo8 P￿s1on of houslng Tenaw 8u8talnm•nt Improved health and wo11-b8lrva Impro￿ mental heath Combattlng povety 8nd a￿181 •xclu8lon Raductlon of r￿ff8ndkng knpaat on th• publ1¢ and publk •p•ndlnq GoloudV8 IK*rk help8 to reduce vL8lbl8 IK•m61886rM8, produce gaf8rcommunltle8, and to fo8ter 80clal Jhe810n: By roduclng homo1888neg9. we te88on the burden on other more expen81ve 8tstuW 8eTrl(*8 Such 88 A&E, pr180n, proballon and local authorlty 80clal 88Nloe8: By a881gthg eX￿￿enderS Into maln8tream Soclety, orlmo18 reduced overall; By a381Btlng our con8tltuents In acc8881ng h￿g and maln8tr6am 88Thdc•g And gnsurky they have en Income, tha rf8k of hamfvl and antl4odal b8havbur In communlU8818 raduoed; By runnlng the Sw8n8ea Communlty Frfdga, ￿ provlde dlenta (and oth8rB) vAth a Bu81alnable 80ur¢a of free food Kth118 reduclng f￿d Poverty and food we818 In our communlty. ¢3Dleuty8 tru•tees can demon8tr8te that thèy hov• hgd due regard lo the Charlty Comml8Blon'8 guldance on publlc bgnell188 thare are Ind8pendant S￿d.1@s and strategy douJm8nts that can provldo eVIder￿ that tho Ilnance 8pent on thlr&8ector hou81ng 89rvlcg8 In WaloB ha6 a pogltlv8 retym on Inve8trnent. ¢lol•udy Prolo¢ts Goleudy 8UPPOrt8 people at evgry step of theJoumeytoward8 Indopendent Ilvlng and 8uslalnable houglng, Indudlng hom81938ne88 prwrnntkn, short-temi tran8I1onal I￿U81￿, long-tenn 8peclaH6t houslng $upport aml comrnun5ty Integratlon. Hom•1o8sn￿S Pr•v•ntlon Thvj provention of homel88sn88818 tha com6r8ton8 of ts We18h Govemm8nt'8 Houslng Wal88 Aot 2014. Our 1￿meleSSnesS yevenllon 68rvlce6 focu8 on iwo prlmary lunctlon8; the pr8vendon of someone108lng their 1￿me {Flo8tlng Support) and prBventho sornoono frun Bleeplng rough on tho 8tr00ts,. th18 Includes rapkl M• I￿￿BIng s8rdcxs wlth t8mpJrary accommodallon and outreach. GOLEUDY HOUSING AND SUPPORT LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR FJIDED 31 MARCH 2024 OBJECTIVE8 AND ACTivrriE3 - CONTINUED Floallng Support - 8won•oa, CamMrthen•hlre and Pambroke•hlr• Th88e &8￿¢￿S ar8 d6slgned to Support IndMdua18 at rlgk of bècomlng hom61688 or wtrK) hav8 r8centty movéd Into a new 1￿m8 after 8xp8rl8nclng homel888n888. The proJ8ct8 8mploy18ams of 8UPPK>rt WDrker8 who provlde Intemlve, on&tfyoM Support. Th18 a88lstsnoe alm8 to protact lenanclos and omtxwer Indlvklua18 to d8vdop Indeperthl Imng •kNt8, •n8urfry loTrJ-term hou8lng 8tsbllty. Key thGludg: SwanBe& Support Swvka: Offarn prevenllon and *BIH)alng 8UPPOrt acroJ8 th• ¢W8 noth, North and We8t C8marthen8hlre Floatlng Supwrtr Pro￿3 ass18tance to a largely rural (Jommur faGlng unlque chaifenge8 related to COMecUvty and acc888 to statutory s￿¢08. Pembrd¢88hlr8 Floating Support Focuses on preventSng homel689n888 ftir IndlvldualB ai r18k of rn•offerKllng through the Crlmln81 Ju8tlca tylem. The86 comweh8n8bM serv1￿ are crudfil In hélplry I￿l￿Adual8 malntBln thelr tanancl88 and lead In*eThJ6 Justalnable Ilve8. Outr•A¢h Acc888 Pelnt proJ8ct In 8wan8•a pr￿Ad•S a ¢Dmprehen8lv• 8UPWrt 1¢¢ IndMdual• faclng homel88•no88 or hou81ro188ug8. Tho 8ervlce8 Include.. Rent ATfears Landlord NoUGe8: A88htsrK* wllh managlng rent arra8r8 and dgallng wth landlonl notlco6 868klng pos$80810n. Landlord Relatlon8: Medlatlon and 6upport to r88olve poor relaUon$ wtth landloril8. Ben8fft5 Advlo8 qnd Appaals: Guldanc6 on ben8fit8, IncludlrKJ hrm to apply and appeal declBlonB. Accomrnodotlon 8ourclng: Help In flndlng ljoth pem)anont and tsmporary houBlng, H8alth arKI Substanca Use: Support for haalttrtrrelated18sues and 8ub8tsnc8 uso pmblem8. Exr*rfeneAd Support worker818ad these 6ffort8, playSng a vltal rol8 In partner8hlp the local authorlty to fuffil Ihelr duty ol care for pgoyle wlth hou8lng chall￿988. Th18 irtegrated approach gn8Um that Indlvkluals roc8fv8 the n8cessiry help to overcome thelr hou81ng dlfflcullles. 8hort4•rn1 tran•ltlonal hou•lng (Paxton 8lro•t Ho8t•l and our 8t•p4lown communlty houaes> Th8 ho8to1 provkJ08 13 room8 for IndI￿dual9 experferKJlro acuto homg188on888, offorlng WBenlal 8uPP￿t lo holp them transltlon to pem)anant or 8uppOrt￿ hou81ng. Th8 prolectacdvaly work8 these IndMdu8lB to ovwcome b8rr18r8 w8v8nllng accasj to 8tabl• 8cLa)rnmodatlon. In 2020, th• pr4acl started plloung a new r8pl&wh￿￿n9 Support model, ha8 been rocowlsed as a valuablg 8ddlllon to the program. Rapld Rehouslng18 an inlemalk)n8lly r8cogn18ed approoch dg8lgned to ensure an>vn6 oxporl8ndng hom818ssnes8 Can move Into a sott￿ home a8 quld(ty a8 PO88Ibl8, rather than remolntry In lemporary accommodatlon for axtsnded perlods. Thg hostel currently employB a Rapid Rehou81ng SLVPOrt Worker, vtho play8 a cruolal ro￿ in t￿ offacllven888 of the rapid-rehouslng support model. Th18 SUPFKIrt worker help8 8nBure th8t lrKIi￿dua1S expgrienclng hom6lesBne86 can qulcklytran81tion Into stable, pemianent hou8lng, mironlglng thelr Ilm8 in tsrnporary accommodalion and addresslng b8rrf8r8 trj long-tsrni hou8lng 8tabtiity. GOLEUDY HOUSING AND SUPPORT uf•llTED (A COMPANY LIMrrED BY GUARAKfEE) REPORT OF THETRUSTEES FORIHE YEAR ENDED 31 MARCH 2024 OBJECTIV&8 AND ACTivrriE8 - CONTINUED Short4•mi transltlonal houslng (Paxton 8tr0Ot Ho8t•l and our 8t•p4own communlty hou80¥) - conld Addlllonally, tho hostel IB maklng slgnlfi(xnt Fw0gr￿ In Its P8>thologl¢ally Infonned Enth)nments (PIE) Iwnw. Th15 Includes Implementh￿ tr￿nIng and evaluatkn frarn8￿rf￿ lor sU&¥)￿led hou8Sng wojects. Th• u8e of Solutbn Focused Praellce IAS further enhanced th18 Inllhtive. cthrfbullThJ to the ovffill ¥ucce88 and affectlv8ness of 8UPPOrt pr¢)vkléd. Long4•rn1 tran8ttlonal Iw•lng {ROAD8, ￿lloW ProJ•Gt and Now Mlll) ROADS {Recovery Orlenlated Alcohol & Drugo Supprmt) suppC￿ tanants by focu81np on harni reduclk) 8tablll8atFon, and wel￿beIng. Th18 projecl Indud98 three 8mall 8cheme8 that hou88 1￿Mdual￿ who have OXPorlen¢ed homele86nas8 and lace onpkng mantsl andlor ph￿Ic￿ hgalth188ue8 du8 to long-tonn 8ub8tance ml8U86 And dependency. Tho goal8 of ROADS 8r• lo: Exiend 16nhnts' Indapandence *lthln th8 o)mmunlty Pravent wors8ntng heath c￿dItkInS throwJh aFvwlat8 copkng etrategl68 Encourage heo1th1or Ilf08ty1g Gholce8 Support workor8 advocats for tengnts whose health ha8 dgGUned, hdpkng theffl acc888 addltkMal lup and morn 8uilabl• accommodatlon whon neoa8Wy. The Wllbw Project 8WPOrt8 homele8B IndMdual8 dSagn088d rnenlal hoallh condldon8 wtK> ffe under the carn of a Communlty P8W)Idtrlc Nur8e {CPNI. Recenlly rng18tered under th8 new RISCA reguJatlon8 ￿ CIW, Wlllow a8818ts re8ld8nts wlth thelr m8dle4tlon through pr¢xnptlng and ob8errfath)n. W8 8UPPOrt t8n8nts by womollng and enhanC1r￿ the 8klll8 ne8ded for Independent Ilvlng In ryjmmunlty. Our approath18 pernonrnmunfty188rn h88 grry&￿ to Includ8 thr•0 8UPPOrt *wkèr• a taam l&ader. We are porucularly proud that a fthv of our Connect mgmber8 are now regular volunt86rn at th8 Goleudy Swansea Communlty Frklge. Th18 expwlence has glven thgm a greater 8en8e of purpose and boo8t8d thelr [%￿lIdenCe, and we are dellghted to w[tr￿8 thelr progr888 and have them a8 part of our Communlty Prol•ct- 8wanMa Communlty Frf*• T￿ Swansea Communlty Frldga18 vltol In red13trbutlng frn8h fo)d that wwld otherwlae go lo wasto, maklng tt avallablg to 0￿r￿n• In our ryxnmunlty. Thls Inltlallvo h*8 mdu¢* fcod and addreB888 food 1n80￿rfty, urlng that fr08h produc818 acc9881ble to th08e who nogd R. Our operatlon IhrfveB on the genero81ty of I￿al supermarkels Ihat donate thalr 8urplu8 food to U8. The varlety d quantlty of the8e donatlon8 change thwkly, reffecung the dynamlc naknre of food avauablllty. A(klltlono11y, we (￿l0¥at8 fresh prodUQO In our 8m811 gard6n and an¢(￿rage communlty m6mbors *lth home4JnyNn frults or v8g8tabl88 to contrlbute any 8xce88 they have. A8 8 proud m8mber of the Communlty Frldge Ngtworf(, ¢x)ordlnaled by Hubbub, S￿nsea Communlty Frfdg818 dedl¢atod to $Ugtaln8blllty. We oollect most of our food donall)n8 uslng th8 Charty8 Iwo e-blkes, funded Ihrough gengrou6 SUPPQrt. The80 &blkeB 8lgnlAcanty l(AYef Ixr carfoon footprlnt, help UB avoid ￿ ctys he traffi& and offer tsam the benefits ol outdoc* 8x8rc188 aThl fr88h alr ￿lIat In worf(. GOLEUDY HOUSING AND SUPPORT LIMrrED (A COMPANY LiarrED BY GUARANIEE) REPORT OF THE TRu￿EE5 FOR THE YE￿1 ENDED 31 MARCH 2024 ACHEVEtsIENT8 AND PERFORMANCE TlYowJlwyJt the year endlng M8rch 31, 2024, Golwjy has c*llsed on It8 ￿811r￿j strengths, athlerfng 8lgnthcant mlle8ton88. Th• Charfty ha8 demonstrated oryolng and r8slllencp. Hero, ￿ hlghllght 8om8 notablg occompllghmort8, Althwgh th1818 not exhau8dva. Craallng Spacm of Opportunlty Dwlng thu ￿Hr. Blgnlflcant progro88 hag be•n made In updattng I r8novattng rnany of our re81dentlal and project 8pac*8. Thls ha8 been achlaved through a 810￿fitte￿t hwe8tmont In dHrfty roBerrns, Bs w811 a8 80rn8 grant Inex)m8. some hlghlights SnGlud8 upgrAdé8 to CommunFty Houslng and the cr8atlon of now 8811wCat8rfng provlslon at Paxton Street Hostel. Th8 Introdudlon of a comrnunal dlnlng area the kltch8n ha8 fostsr8d a 80n$o of communlty and be￿￿Ing among ever￿ne at Paxton Str881 Hr>8tel. IV8 nol JuBt a place to eal, If8 a 8pa¢g where 8torle8 and laughter 8r8 8harod. Iwlkllng BtrDng8r connectlon8. The offl(* 8pace ha8 been oqually Impacthil, provldlng 8 qu18t and w* 8quIp￿d area ft)r 8tAff to ¢¢)ordlnat8 a8￿￿88, plen adlv1ts8, and dtor ontron-on8 Bupport to cknts. Th18 rturlrvJ onvlronmenl18 c*udal for th• ho118110 vmlH)akng arKI growlh of all who ￿11 thg ho¥tol hom•. We waro thr111￿ to ¢y)ntlnug our partnernhlp wllh GDW Church thr0ullh￿t 2023, and Ihoy have cl¥)8en to exteTh thglr support io Paxion Street throughout the 4)comlrYJ year. Thelr ongolng commltmGnt18 8 te8tament to thè posIUve Impacl we can achleve th organleallon8 and o)mmun11188 com• together wlth 1 8hared vlfjkin for 80d betterment. The projeot to renovato our head offl(* at Cu8tom8 H¢Me and creata a Communlty Hublg progrgJ8lng and18 gxpa(aed to be complot8d durfng the flr8t half of 202425. Hou81ng 8upport GJl8udy successfultyt placed 8 record numbèr of IndMdua18 and f8mlll98 Into pernianenl hou8lng. Our d6dlcat6d tKJuslng team worked tlreles8ly to flnd sultable and Btable houslng so￿10n6, B1gnlficant￿ redu¢lng Ihe numbor ol People exp8￿ncIng homel8ssrM8 In our 8￿￿Ge area8. Wlllow prf•ct At th& WIIIut tho year by organl8lng 88veral offslt8 popup g￿llts at varlou6 communlty locatlonB acro88 Swansea. Nolablyi one 8uoh event took place at SvMn8aa Unlver81ty thrlng Go Green Week, engBglng sbjdents and Staff In 8U8tsk pracllc88 and food 8harlng. Bey￿K1 th888 pop￿Up8, proJect played a cruclal role In fD8terlrrfJ local food 88curfty by provldlng èssenllal danc8 and 8UPPOrt, f8cillt8ting tha suGce8eful 881abllslwnent Lff a local panty negrby. The8e Inlllailve8 cdlecuvety 8￿gIhened communlty bond8 and promoted enNlror¥rental 8Ubtalnabtllty In the reglon, Communty Frfdg•- Ta¢knng Chlld Poverty We are proud to wrture our ongolng relalonshlp wlh the looal prlmary s¢tsKol by provldlng fresh frult Mokly. 18urlng the ohlldren have acc888 to nutrltlou8 8nack8. InltlaUv8 ha8 becom8 a ch8rf8hed part of ojmmunlty [￿rtreach, fo8terfng heolth and w8lln688 am(xvJ wng 8tyJdgnts. ReC￿￿ly, our thrt8 wera boht8red ty o 8ucces8ful hollday fundlng grant, whlth engblad us to exp8nd our sw)wt. witr th5$ grant. we donated 60 hollday fcx)d bags filled *lth 0$8gnllal Item8 to famllles at the 8choDI durlng tho holtday 8ea80n. Thls contrlbutlon provided much-nBeded as51gtan¢e and relnforcod our commitrnent to, SWP￿Ing our communlty throughout the year. Our D•dlcatad T•am of VoluntMr8 Tha C(xnmunlty Frldg• w)Jaci thrt￿ Ih8nk8 to our dedlc81gd volunteer4 vtho play a cruc￿1 roie In maklng ow $eNlces pos81bl8. Our t8am of de4Jlcat8d volunteeT8 wlth varf(xJ8 ta8ks. Inoludlng food Golle(Xlon. 8￿k rOtsti(￿, and provldlng s8rvlco at the Community Fridgo ond our ca)urtywd garden. GOLEUDY HOUSING AND SUPPORT LIMITED (A COMPANY LIMrrED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 NANc￿L REMEW Th8 group ha8 rororded a deflclt of £186.413 for the ondod 31 March 2024. Unr08trktgd r088P d8creas8d by £127,91M, whlle restrlcted reser￿8 have dwea8ed by £38,509. The 8urpkn8 achl8vÉd In 2022-23 w48 £7.859, vlth £26,30Y d8ducted froffl unrOBtslct8d rn88rv88. Durkng thal r M8tr1etad ra•erv￿ InGreo86d by£34.186. 8lgnfflGant eVont8 durfng tha y•Ar The gmup qenoratod an overnll deftclt equlvabnt to 5.9% of total Inwme In 2023-24. In 2022-23, th8 grwp rnade a 8urpbJ• equlvajent to 0.3% of total Inc#)me. Overall Income deern888d by 2.0% durlng the year, whllg ovgrn11 Incxea8ed ty 6.6%. slwlllcant Mntrlbut(Yy factor8 In tN8 r88uIt related to planned Inv8gtm6nt8 In kay bu81n088 plan obj￿￿￿. Of par00￿1&r Gons8quen¢e were the renovatlon and de￿I0[￿nant of propertle8, and the 88tablbknent of o CoMm￿lty D8v8lopm8nt d8P8rtment. Both of th888 pro1￿t& were Idontlfled In our bu81ne88 plan ond an Inve8trnent from re88rv88 to fund th•m (h8nc6 a defiGIt) wa8 planned and agreod by the Board. Th18 wa8 a one off Invèstment and wlll not devalop Into A tr￿d. The alBO Saw Some 'ox¢8ptlond' costs whlch are unllkely to be repeated. In addltlon, In re8pon8e to the Inflatlonary envtronment. the cryanl8atlon made certaln Otru￿ra1 ohan908 to tho bu81n9Bg vhth. though ￿&t￿Y Inwar, wlll he￿ to on8uro the contrlbute thracty to Ihe 08tobll8hment LY development of r88ef*W. Th18 m8an8 that r88eNe8 he4V8 to bè crea￿] and Tho tru6t•o8 hovo dotemlned the prlnclpl88 holdlng ro80r￿ a8 belng: 1 To provlde a r8sourc& to meet legal ab1lgal￿B end Ilabllltles, bolh In lh8 general cour88 of bu81neB8 (1.8. worklrvJ capttal) and In th8 went ol a mojor chaw8 In d1￿M81&￿e88. 2 To 8llocAto r080urce8 tD cover the c08t of Inv66llrrfJ In ataff tralnlng and develowiont to Improve 8ervlc68 8rKI tho 6ffldoncy of tho Drganl8atlon', 3 To eover lh8 eost of dawlrjplng now jerrt¢￿, pollcy and knlne65 Infrxmatlon 8y8tem8. The tru8tee8 r8cogn18e the nead for re8erve8 to bo telanced agthet the foll￿n9 factor8: 1 The neod to bo 888n to aot a8 a re8pOn8￿18 tharfty by Go¥emm8nt, i¥)mnthslongrB, dlents and thg Chorlty Cornmlsslon; 2 Thé naéd lo avold thè accumulatlon of exca881va 8urplu8e6 whlch Ihw818 no plennad ftrture req(Irem8nt or th81 bear no ralatlon to (xr tharllable alm8. Dofinltlon of Gol•udy'• rwrv•• UnM•trlct•d R•Mrvo• Unrestrlcted Reserves represent fund5 whlch are nol reStrtc￿ In thelr u8e and can ba uaed In order to further the ¢harltys cbJecUveB. a8 the tru81688 888 flL &)18uty ha8 two t￿83 of unre8trfcted re89rve¥: Gfjneral Funds and Do8￿ated Fund8. Th8 General FurKI rapreoents unrestsl¢ted fund8 h8ve not beBn de*naled agolnBI a partI￿14r purp08e and may b8 u88d g•n8rally to further the GhaW8 objects. In general, these are Ihe fund$16ft ov9r follovAng all deslgnatlons and restrictlon8 and are, In that 8ense, tree reserva8. At 31 March 2024, the vakne of General Unr6strfct8d funds was £286,021 (2022-23: £301,132). Deslgnated Reserves represent unrestrlctsd reSe￿￿S whkh have been allocated for spedtlc purposes txrt are not legally ￿Und for thal purF)08& Goleudy has iwo designated re8eNo8: The De81gnated Prnparty A8Bet Fund and the PurpD8es Fund. The Deslgnat8d Prop8ty A880t Fund18 defln&d a8 tho value of unraslrfcied funds repre88nted by the Ilxed assets owned and us8d by the charfty on an ongolng bas18 to carry out IiB charftable obJact8. Thls ￿nd can only ba raallsad by dl8poslrvJ of tanglble r￿ed a88ets. At 31 Matrh 2024, Ihe value af the DeBlgnated PropeTty ABSet F￿d w88 £679,791 (2022-23: £441,584). 11 GOLEUDY H(XISINQ MID 8UPPORT LIMITED (A COMPANY UMITED BY GU*JiAKTEE) REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REview. CONTINUED Unrnstrlctod R•8•rv8s - ¢onllnu•d Tho Da8tyn8ted Purp0808 Fund Include8 provlglonB for Bervlc8 developmanl c08ts, Investrnents arKI cOntknge￿10s for operath)nal and management (X18ts. At 31 March 2024, th8 v81u8 of th& De81wated Purpo88S Fund w48 £1,138a97 (2022-23: £1,486.897). It b fore8éèn thg De8lgn8ted Purpotsa Fund WIU be froed up In tha event of a materhl change In Ihe okaun8lanc88 of the Gharfty, 8.g. In the ewnt of wlndlng up. The value of totsl UnreBtrlctad Re￿ryo8 at 31 March 202418 £2,101,209 {2022-23: £2,229,113). Ro•trICt￿ Res￿88 reprasent funds recelv¢d for pJrpos88 8pedn6d bythe fmdw. Golwjdy ha8 t￿ typ88 of re￿￿01ed ra88rv88: Re8tr1etad General Fund8 and Re8trlclod Capltsl Fundg. The Restr￿ G8n8ral Fund ropre8ent8 fiJnd8 vthlch havo bggn generated Ir<*n r09trkt8d kn(xJm8. Tho u80 of thls ftmd18 restrloied to th• purpDseJ Jet out by the funder. At 31 March 2024, the value of the Re8tr1Gted Gener81 Fund wa8 £179A54 {2022-23: £230,890). T￿ R08tr1ctad Capltal Fund repreS￿ts capltal grant8 and fund3 prevI￿Sty recelvod In r•8pect of the rthablmtauon of owned wopertlos and wom aolelyfor IN8 purpose. At 31 March 2024. the value of Ihe Re8tslcted CapllAI Fund wa8 £518,358 (2022-23: £505.629). Th88e re8erva8 are matertalty In Ilno wlth thè group'8 rn8ervg8 pollcy, vthlch18 r￿5?Wed anNalty. Rlsk Manapm•nt DurlrvJ >*ar, tha b09rd and •xecutlvo taam rathgd tha organleatlorf8 koy rlska. Goleudy raoognlae that thero aro rf8k8 Inherent In overy aC￿￿ty I￿t akn8 to m8nagé th8 key arèa8 of rf8k, r•duGlng Ihelr Impact wharover po881bla and practlcable. Rl* managomenl fom18 pwi of GoleutyB Bfftm of Intemal contrds, enablng the truBtae8 to ensu(e that. The othcom88 lard out In th8 Strateglc Plan aTe moro Ilkelylo b8 achlev • Events thal Could damage the Charlty VAII not happgn or are1888 Itkdy io hap ore of tho 8Ctl¥ltl6s that keep Goleudy and Its people 8afe keep happenlng, and . Tr CharW8 core goals *lll b9 or aro morn Ilkely to be achleved. R18k man8gement18 not a proce88 for avoldlng r18k. Th8 alm of rf8k mBnag8ment Is to klenlfy ob8tse188 and hazard8 to our strat8glo obJectlv88, 88w8 thelr ￿tentIal Impdrt examln8 what18 b81ng don& well that kogps the rl8k from cryBtslllslng, 8nd provlde Structur88 to elthar redu¢6 rtsk lo an acc¥abl8 level or encourage more of th8 actjvltleo that kogp us safe. 12 GOLEUDY HOUSING AND SUPPORT LIMITED IA COMPANY LIMrrED BY GUARAKfEE) REPORT OF THETRU8TEE8 FOR THE YEAR ENDED 31 MIJICH 2024 FINANCIAL REVIEW - CONTINUED RIBk Manag•mgnt- Contlnuod The key prfnclple8 of Goleudvs approach to rf8k are a8 follow8: . Our vlsk>n18 for tho people 8UPPOrt to athleve e￿nable thang8 and p081tl¥8 outc¥)mo8, our klng envlronmont $uppots that fjndgavow. • Legal, contr8Ct, 8af8ty, and r8guLthry MMplIan￿ to keep our dlents, employo68. and our ugonlBalton safe ar6.our n0n•neg￿able8. . Our attllude to rlBk Is19 8trikg a balHncg boknn th8 abov8 and Greallng an envlronmenl kn our dlents and employee8 where a8 many thlng8 aB POB8lblo go rfght and Innovatlon Ilourl8he8. . R18k managornenl IJ a contlnuous proc888 Integrated Into the arganl3afjon'8 culiur8 and das4othy operatlom rather than an actlvlty In ltseff. . A8 part of our ¢tynmFtrnent to o)ntlr￿U6 Improvem￿t {e.g. of quallty and 8tarKlards of 8eThlc8% wa VAII loam fr￿ orrorn and Incldents, as as our 8UCC88888. • Tha ra8pon8blHty lor the ￿atIon and knplementadon of management 8y8t8m8 to Identlfy and control ek r88ts wtth the tN8tee8 and execuiivo leam, They WAII Sot the parameler8 of ts rt8k rnjnagwnent proc988. monlior re8ult8 and ro￿8￿ Bctlons acconlkngty. . W• regard 8tsff 88 our m08t valuabb rasour¢o. who wlll be supported to corrtlnually arKI fknxlbty provlde 801uUon8 to prwont r18k8 and hazard8 from b8comln9 Incldents or acddont8. • Employ00$ and volunts8r8 are r88wnslblp for the r18k anvtronmont In wNch theywork, athely managtrw and reporttng any Id8ntlfied rf$k8. Employ888 wlll b6 oncouMgeAJ to take ljme to rnvlow thelr axpor1￿Ca8 and loBmkng. Though the organlBatton's rlsk profllolts fluld and cx)ntlnualy W￿￿ng, affected by Intsmal and 6xtern81 factorn, Golaudy has Id•nllfi8d fvrnlvo kty rf8k cal8oorl68, th• monag9ment of whlth wlll Shape the organ18atlon'g 8tr8tsgy over Ihe Ilfe of Ihls plan. Fundlng • Reputatlon • L6gal and R8gul8tory Compllance • Management • S8Thdc8 Dollvgry • Flnanclal • PropBrty • Haalth and Sqfety • Safeguardlng Mdor Incldents . Cost of ￿fjng Grf81s Each of th889 Btrat8glc d8k8 ha8 8ub-rf6ks ￿thIn thom that are manaaad lndlvjdual￿. Broadly, the mlllgall tlons Idwtlfied Include focuslng dosely on our strat&3b prI￿￿e8 and the steps reqUIr￿ to delfver them. reviewlng induction, training, and poliGy V￿rk Ihroughoul the organisatlon, a88888lng 88ch rlsk scenark) carnfully, meklng lrnFxovem6nt8 wherever w861Ne and a86e88lng whaf8 already worklng well. and almlng lo bulld on th880 aclMtI88. STRUCTURE. GOVERNANCE AND MANAGEIAENT Constitullon & Nature of Govornlng Documont Gdeudy H￿j81ng and Support UM1￿￿1$ a reg18ter8d Charlty and Company Umlted by Guarantee. Its Artlc108 Memorandum of A880clatlon were revl8ed and r8g16tored wlth Companles House and the Charfty Commi88k)n In the prior financlal year (2022-2023), Bowd member8 are chway tr￿leaS and company dlrectr)r8, ￿r88fter referred to as llhe tru8t888'. 13 GOLEUDY HOUSING AND SUPPORT LIMtrED (A COMPANY LIMITED BY GUARANTEE) REPORT OFTHE TRUSTEE8 FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEh1ENT- COPlnNUED Rocrullm•nt of Tru8t• charty currenuy has 56V8n Iru8te88. Nthv trustses gre vla Bector nelwrrk8, the Organ18￿￿.# webslta, and 3oc4al medla. A Trugtee Polty (revlBod In 2023) outlln88 boaNI mGrultsnent proc988os and other eXp￿Ik)n$ ts tru8teeg. Appolntmont of Offlcw8 The Tn*tee Board ha8 throe offI(￿r posts: Chalr • Vlce4halr . Traa8ur8r The88 P08ts 8re elethd from thè Board Member8hlp at tho flr8t mè8tlng aft8r tho AGM upon tha explry of th• tom. Offl¢¢r terms are IINO y8ar8 In durnuon. Gov•rn•nw and Planag•m•nt 8tructuro• Dwlng the ￿ar end8d 31 March 2024, the tru8te88 held bu81ne88 m88llng8 and one half-day strategy m68tlng a8 a full board. On each occaalon. ther8 wa8 a qutrate atlendence, Thè Company Secr8t8ry en8ured thern w88 an approprlote agenda and managemorrt paper6. A 8Qt of mlnuleB was pr￿luced for eath bu81ne88 m88tkng. The Ar￿Ual General Mo8tlNJ wa8 hekj on 12th Decembèr 2023. Ooleudy a180 ha8 three 8ubcommltteg8 Ihelr own tem18 of referonca: the Governance Devek>pm8nt CommRtee (GDC), the Flnance, Aud1( and Rl8k Commltt88 (FARC). and tha Remuneratlon Commlttee. Th8 Vlc Chalr chalrs the QDC, tho Treeèurer chalr8 the FARC, and th8 Chatrper8on thalrn the Remuneratlon Commlttee. Th• ExKutlv• L•ad•r•hlp T•am Durtro th8 year endod 31 March 2024, tha Ex&cth L¢oder8hlp Team {ELT) comw18ed.. The Chlef Execullve Offlc8r . ExocutFve Dlrector (Corporate SerdcBs) & Depjty CEO . Executlv8 Dlreotor (People arKI Commwtffj88) The tosm was reduwl frorn flve to Ihr88 posts durfng financlal year. The ELT produced d8tslled report8 for the bowd of tru8t688 that wBtP 8(¥utinbed at the tru8toe'8 Scheduled 1X￿InesS meetlng8. Rèports lyplcally Included perfomianoa report8, quartorty man8g8ment accounts, l￿sInesS plan progre89 report8, an81yB18 of p8rforman￿ m•a8ure8, budgat hlomiatlon, and r18k and compllance Tho Board'8 Contral Focu8 Gol8utys govemance pmce88e8 focus on four key area6'. . Scrutwiy of the chadtys actlvlll88 • DISchar￿ng of flduclary dutle8 • Management of corporate rtsk • The ￿creatIOn, and Impl8mentatk￿ of 8trategywlth the ELT 14 GOLEUDY TrfousiNG AND SUPPORT LNITED IA COMPfvJ4Y LIMrfED BY GUARANTEE) REPORT OFThE TRUSTEE8 FOR THE YEAR ENDED 31 MAiCH 2024 8TrUCTUR4 GOVERNANCE AND MANAGEMENT-CONTINUED Tralnlng and Davelopmont A8 part of th8 B08rd'8 fomal m8etlng8, Ihe ¢h8rfty8 legal adv180r8, audllor8, and a88oclate tralnern tralned and Jlded tru8te85 on thelr legal dulles {IndudlThJ emplo>rynent law), flnandal re8ponslblltie8, GDPR and Health aT¥I Safety oMgadon8. Tr￿1009 are abo enwjraged io attend relevant lrnlrlng and conf8renca8, *+hlch lh8 charfty Daclslon thlaklng Dec181on8 thot th8 tnMtses delegate to Ihe executlw are delalled In tho tharW8 8chgdule ol delegated aulhorlUe8. In gamral, decislon8 mad8 by the Board Indude: • Slgnlng off all statutory account8, management ac%x)unts and ￿dgets • Th8 app)Intsnont of the audttor8 • Tho approval of the purohao8 and d18posal of a896ts . The CLvtt8adon and 8pproval of 8tmtegy • Tho appolntm8nl and recfultmant of Ihe Chlof Offloer and EXe￿Ilve Dlroctor8 • Complalnts, gMev8nc￿ or dlKipiinary octlon Involvlng tho Chlef Executlvg Offlcor or EX￿Ul1Ve Dkector8 PoAlol•4 Pro¢•dur•• and InduGtlon Golauty Tfu8tee act￿￿8 arn regulated by ow'Trn8t•• Pth￿. The pollcy wa8 rovloed In 2023 and c(W8r8 the followlng: • The role of the Boord • PrIncI￿oI and practlce8 of gov8mance . Boord GQTKJuct • Board composltlon • Equallty. Dlvor81ty and Inclu8lon • Board appral8a18 • Board r6crultment and Inductlon . B¢)ard appllcatlons for executlve rol88 Pou¢1￿ for 8ettlng Pay and Remunorallon of th• Exocutlv• L•ad•rnhlp Tg4m When a revlew of execLrtlve role8, pay, and reward18 requlred, the board rypolnts wn8ultants to COnd￿t a Job evaluatlon and bgnthmarklng exe￿189 {JE&BM) on thglr behalf. Mo8t recenlly, th18 wa8 conductsd by Twnlng Polnt In January 2024. The Ilnandal Impact18 thoroughly examlned before any change8 In pay and reward. Tha rgmuneratlon 8uirommtttee thoroughty $¢rutinlses 811 data before submltllng propDsafs to the maln board. The tru8te88 m8k8 Ir declslonts 'ln camem,, where the 8xecutlv8 t8am16 ab6e Afterth0 pfLW8. chang88 are communlcated b) th6 eX￿lIVe atwrdlngly. Rolated Partla• Gdeudy Houslng and Support Llmited had a 100% ownad tr￿lIng subsldlary, Ca8r Las Tradlng Llmlted, whkh 888d tradlng th December 2019. Jim BIrd-Wadd1ng￿. Gdeuds16 CEO, was the Bole dlre¢tor of Caer Las Tradlry Limlted. Nota 11 dèta1￿ the tran8acdon8 undertakon betwean Go18udy Hou8lng and Support Umlt8d and Its Relaled Partle8. 15 GOLEIJDY HOUSING AND SUPPORT LIMifED (A COMPANY LIMrrED BY GUARANTEE) REPORT OF THE TRUSTEE8 FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE PERIODS Durlng 2024, the Goleuty h8ad office and dlent Hub arn balng ¢tsnp￿elY r8d8v8lop8d. B￿1n9￿ Plan Th8 curyert bu81ne88 plan w4J adopted In AWH 2023 arKI18 avalknbb on GoleudY8 w8b8k8. 9018udy.org. The plan de8crlbe8 the chwW8 purposo, value8, and 8th08. It akn ouUlna8 0￿ govenwTh arrangement8. The wbstanove content de8crfbe8 our three PTlmwy obJecdve8 for tho naxi three ￿ar8. Prfrnary ObJKUve - 1: B•lng Infonnod by P•tspl• 'Inforn)8d by P8opl8'1s Go18udl8 mettwjd of creatlw a 'Pssthologlcalty Inf￿Med En￿rOnmenr (PIE). Th18 Inltktfv6 h88 b88n de81gned b88od i)n tha Input from iwo re88arth 81udie8 carrfed out by Llvww)ol Unlv6rn1ty Management Sohool: 'An EveJuatk)n of Tenancy Support and Mental Health SaYvk8 Experlenoe, (2019> and Promotlng Imovauon In Hom81888nè88 and Mantal H•8llh Serylce Deslgn: Summary Rep¢)rt (Golgudy), (2022). We have 8180 b88n guldod ty a pSec8 of con$ultancy carrled oul ty Worklng C￿v￿¥all0￿s'_ Tr Maklw of a PIE (Poople Inftxmod Envlronment)'12019). Prfmary ObJKllv• . 2.. Cr•atlng spaorn olopportunlty 'Spaco8 of opp￿tUn￿lS ts ternl U88d In th8 bu8he38 plan to deBorlbe the Impotsnco of phy81cal bulldlr Ihou8e8, projact Bpace8 and worf(8pac88) 88 part ol a P8Jrhologlcally Inlonned Envtronment (PIE). Th InltlatPve18 Int8greJ to the su￿8 of our'lnforni8d ty P8ople' appro•ch. Prlmory ObJoatlv•- 3: Str•nglh•nlng our communlty trerwthenlffj our communw de8fflbe6 Gdeudl8 work ￿ 'oynmunlty dov8lcpmanf. Th18 knlllatl￿ haB been de8lgned ba8ed on flndSng8 from Tr Bevan Foundalk￿, Thg FLyxl Foundatl¢)n, arml our own data colbGtod over the past three Tho bu81[￿88 plan 202U026 a180 d88c¥lb88 ¢Jur 'peopla 8traW and ow 'c¥)Tporate 8epAce8' 81iiiclura8, a8 well 88 our dovelopmental a8plretkns. 18 GOLEUDY HOUSINGAND SUPPORT UMrrED {A COMPANY LIMifED BY GUARANTEE) REPORT OF THE TRUBTEE8 FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINL8TRAnvE DEfAILS ChaTIty Numb Conwny Numbor R•gl•t•rnd Offl $04094 1195549 Tho Cu8tornB Hou89 Cambrlan Pl8C Swansea SA11RG Dlr6otoM Tru•te Th8 dlr8Gtor8 ol the charftable company (the charty) are Its tru8te&8 for ts purp088 of charfty law. The tru8ieg8 and olnc8rn 8wvlng durlng th8 perlod and slnce 31 Marth 2024 were a8 folbw8: Chalr Nell O'Brlan {appoIn￿l 21 October 2023) Chrl8topher Jones (reslgnod 26 January 2024) Rathel Rawlro8 Rlthard Leary Conrad Funnoll Gary Hall Susanna Cartgr (rgglgned 20 October 2023) Sarah Smlth Ollver Godden (appolntad 24 May 2023) JIM Blrd-waddlng JIM 81rd-Waddlngl loan Davles Suzanno Morrf$ All8on JAme8 Amanda Pary Vlc• Chalr EIKt•d Tni•l• Company 8•or•tsry Koy M•nagem•nt P•r*onn•l Chlaf Executlve Offlcar Exwllve Dlr6Ctor Ex8cuUva Dlr8¢tor {re8tgned 12 January 2024) Executlve Dlrector (r68Ewed 30 Novembor 2023> Executlve Dlrector (appolntod 10 Juty 2023) Azets Audll 8ervke8 Chartered Accounlants and Slalutory AudllorB Ty DeTW, Car(Ilff Gate BU8th￿ Pw* Cardlff CF23 8AB B&nk•rn Co-operatlve Bank Plc. 34 Klngsway Sw8n868 SA15LE HSBC 10 Portland Stroot s￿n*ea SA13DF Bank of Srxjtland PO Box 23581 Edlnburgh EH1 IWH L•gal Advl•orn Hugh James 114-116 st Mwy Stro01 Cardlff CF10 IDY Invostmort Man￿Or$ Br￿n t)olphln 5 Callaglwn Square Card CF10 58T 17 GOLEUDY HOUSING AND SUPPORT LIMrrED {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also directors of G)leudy Housing and Support LlmSted) for th8 purpos8s of company law are responsible for preparirvJ the Trustees, Report {In¢￿Orating Ihe strategic rewi and directors. report) and the finandal statements in accordance wlth appllc8ble law and Unlted Klngdom A¢countlng Stsndards, includlng Flnandal Reportlng Standard 102: The Financial Reportlro Standard appllcable In the UK and Republlc of Ireland (Unltad Klngdom Generally Accepted Accounting Pr8CtIc8). Company law requlres the trustses to prepare flnanclal statements for each finand81 ￿&r which glv8 8 trua and fair vlew of the sta18 of 8ffalrs of the charftsble Company and of the group. and of Ihe Income and exp8ndlluffj of the charitabl8 group for that P8rlDd. In prepadng thes6 financial statsments, the trustees are requlred lo: • select suitable accounting pollclos and then apply them consl8tenty: ' observe the methods and prtnciples n the Charttl8s SORP., • make ludgm8nts 8nd estlmates that are r8a8onabl8 and prudent: • state thether appllcable UK Accounting Stsndards have b8en follow8d, subject to any mat8ts1 departur88 dI￿108ed and explalned In the flnancl81 stalements, and ' prepare the financial statemen1$ M the golng concern basls unless it Is inappropriats to pro¥urne that the charlt8ble company wlll conllnue In bu8in888. The trustees are rosponslble for malntalnlng proper accountlng records whlch dlsclose with reasonable accuracy at any time the financlal pos5tSon of the charltable company and enabl8 them lo ensure that Ihe finand81 statemants cornply wlth tho Companles Act 2006. They are also responslble for 8af8guardlng the assets of the charltabl8 company and the group. and hence lor taklng reasonable Steps for the preventl and detection of fraud and other Irrggularllle8. In so far as the tru8te08 are aware: . there is no relevant audlt infomiation of whSth the charitable CoMpan￿S audbtors are unaware: and • th8 trustees have taken all steps that they ought to have taken to make themselvos aware of any relevant audit inform8tlon and to estsblish that thè auditors are aware of th8l information. The trustees are responslble for the maintenance and integrity of the corporate and financial Info￿natIon Included on the charltable companys webslte. Leolslallon In the Unlted Kingdom governing lh8 weparatlon and dl&8emlnation of flnanclal 8tat8ments may dlffer from18glslation In otherjurisdictlons. Approved by the Board of Trustees on 24 September 2024 and signed orL ehalf the Board: Neil O'Brien Ch8ir Ric ardL Treasurer 18 GOLEUDY HOUSING AND 8UPPORT uMrrED (ACOMPANY LIMITED BY GUAIANTEE) REPORTOF THE INDEPENDENT AUDITORS TO THE TRUSTEE8 OF GOLEUDY HOUSING AND 8UPPORT LIMITED FOR THE YE*JI ENDED 31 M￿lCH 2024 Oplftlon W8 have audlted tha finandal 8tatorn8nt8 of Goleudy H￿Sl￿d and Support {thg 'parent charltabl8 wmpanl) for the ond8d 31 March 2024 thlch c￿nP￿Be the l￿n8011d8t8d Ststement of finarKI81 actlvlkn. the group and parent Charlty balance 8hee( the consdldated slatement of Cash FIOWB and tho mt8S to the thanclal tatement4 InGludlng a 8ummary of 81gnlflcanl acwunung poNcle8. The financlal reportlro framework that been appli￿ In thelr prepgrafjon18 appllcable law and Unlted Klngdom Amntlng Stand8rd8, Includlng Flnan¢lal Reporfw Standard 1(r2 Tha Flnanclal R•p￿￿rg Standard appllrablo In the UK and RopublG of Ir8larMI (Unlted lQn•lom GeneraltyAccepted Aecounlkng Pr￿￿ce). In our cylnl¢)n the Ilnandal Btaternent8: glvo a In￿ and falr vlow ol tha 8tate of Ihe G￿p,8 and th8 P￿nI ChaW8 affalr8 as at 31 Mareh 2024 and of It8 Incornlng reBourca8 and appllcafjon of re80urco6, for th6 year Ihen endod: . have bogn proparly prnpared In aowdan¢o *llh U￿ted Klngthjn (Son8ralty Accepted Aco)unllng Practko; have been prepared In accordance ￿1th raqulrements of the Compan188 Act 21X)8 Ba818 lar oplnlon We conducted our audlt In accordanca vAlh IntematlonAI sta￿laId$ on Audlllng (UK) {ISA8 (UKI) 8nd 8ppllcable law. Our respon8lblMiles undar ltrx￿ Standards are further de6¢rt)gd In the Audrtorfs rasponslb11IO88 for lh8 audll of the financl816tai8mont8 fjectton of our rw. Wo ar8 IrKlependent of Ihe charlty In accordanc8 wlth th8 elhtcal requlremonts that are rglevant to ¢)ur audlt of tho Ilnandal ststoments In the UK, Incknding the FRC'6 Ethlcal Standard. and have lutNllod our othor 8thlcal ra8F4)n8lbllltl8s In Acc4)rdonce wlth th88e requlrements. We bdlov6 that the audlt Ov1deT￿e we have obtalned18 SLrffk4ent and gpproprlate to provlda a ba818 for oplrfon. Conclu8lon• r•lallng lo golng conurn In audltlng th6 flnondo18tatem8nts, we have concluded Ihal the tsu8t888' U88 of the golng concem basls of accountlng In the weparatlon of the flnancl818tatenMnts18 apwoprfats. B88ed on tho thr•rk we have prformed, lip have not Idanlfiod any mabrlal uncertalntles relatlNJ to events (Y condltlons tha( Indmdually or col1actl￿1y, may c88t 8lgnSfkant doubl on thé charW8 ablllty to contlnu8 a8 a golro ¢oncom ft)r a p8rfod of at least t¥velve months from whan lh6 financlal statements ar8 authorlsed fLY Istsuo. Our raBponslbllltl83 and tho r8sponslblll088 of tho tru8teè8 wlth Mp8Ct to concwn ar¢ d68(Ylbod In the rdevant 8aodw8 of tN8 reporL 19 GOLEUDY HOUSING AND SUPPORT LNrrED (ACOMPANY LWITED BYGUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GOLEUDY HOUSING AND SUPPORT LIMrrED FOR THE YEAR ENDED 31 IIARCH 2024 othor Infomiatlon The olh8r Infom)ation (*wnpri8e8 the informallon Ir￿luded in the annual report other than the ffinandal 8tat8ments and our aucknrf8 re￿rt thereon. The tru8tees are resFX)nsbl& the other informthn rknntained wllhln the annual report. Our oplnlon on the financlal 8t8tem8nts d086 not Cover th6 otl lrformallon and we do not expres$ anyfomi of assurance ccKKIu81on thereon. Our rosFX)n8lblllty18 to read tha othar infomiallon and, In dolng so, eonslder whether the othér Inform8tbn18 mat8rlaHy Snconsl8tent vAth the flnanolal 8tatements or our kno￿odge obtolned In the course of the aud1( or othenvtS8 aPP&8r8 to ba rnalerfalty m188tatsd. If we klendfy such materfal In¢onsl8tencles or apparent materfal rnlsstalements. arè requlred to deternilne whether th18 glves rfs• to a mateAlal mlsstatement In the financbl stateme￿5 th8m68kn¥. ff. l)a8ed on the V￿rk we hav• pgrfomied. we ￿)nclud& that there18 a materlal m186tatament of th18 other Inlomwkn, wo ara requlr6d to report that f￿1. Wg rtr)thlro to report In thls regard. Matt•rs on whlch w• arn r•qulrnd to r•port by oxc•ptlon h8v8 nothlng to In r88pect of the followlng matter8 In r6latlon to whlth the Charltle6 (AGO￿nIS and Report8) Reaulall¢)n8 2008 requlre us to Mporl to you If, In our oplnlon: We have nothIng to rawt In reswt of tha follo￿l[¥d matter8 vth8rn the Companla8 Act 2006 requlr68 U8 to report to you If, In our (y￿0￿. . tho Infomiatlon glvan In the ￿na￿laI6t81￿6nts Is Inc#)n818tent In any mamal re8pect ￿1h thé trU8t608' rew¢ or • 8ufflclent accountlng records havo nol been kept,. or . the fhandal statemants are not In agreement vlth tha accounllrva re(xKds: ¢x . ￿ have not ra(*lved all th6 Infomiatlon and explan8llon8 we requlre for our audlL 20 GOLEUDY HOUSING PIID SUPPORT LIMrrED (A COMPANY UMrrED BY GUARANTEE) REPORT OF THE INDEPENDEtir AUDrroR8 TO THE TRUSTEES OF GOLEUDY HOUSING AND 8UPPORT LIMrrED FOR THE YEAR ENDED 31 MARCH 2024 Rewon8lblllilo8 ol the tfU8te•s As 8xp181ned more fully In the Statement of tru8t8e8' r88ponslblllll88. Ihe tru8t8e8, who arè also the dlr8Ctors of the tharity for th& purpose of companylaw, are responsible for the preparatlon of the financlal Stalements and for belng sallsfied that th8y givg a tn￿ arnl falr view. and for such Internal Gontrol a8 the trugtees doterniln818 nece6sary to enablo the preparatlon rf flnanc4al Blatements that are freg from moterfal ml88tatoment, wh8thgr due to fraud or emx. In preparfng the flnanelal $tat8mènts, th8 tru8tee8 aro r8sp)nslble for a8sosslng the cherlts18 ablllty to n￿nue as a golng concern, d1￿10$1ng, a8 appllcabb, matters related to y)Ing ¢orKem and u81NJ thg golng concwn bas1• of accourrtlng unleB8 the IruBt088 dthar Intend k) Ilquldate the charltablo cornp￿ or to cea8a opern￿On8, or hov• nts realt8tlc aliernattvo but to do 80. AudltoV8 rn8pon91bllftlo8 for th• audlt ¢1th• flnancl41 •t•tom8nt8 We hav• bggn appolnted a8 8udlior under sedlon 144 of ChariUe8 AGt 2011 and report In accordanco wth tho Act and rolovant rouulatk)nB made or havlw effect thereunder. r obJectlva8 are to obtaln r888onabl8 a88ur8nc8 about théther the ftnanclal 8tat•m8nt8 a8 a Ore free from materlal m188tatern8nL whether du8 to fraLKI or error. ond to188ua an audltoV8 raport that Indud88 our oplnlon, Rea80nablo a88urance18 a hlgh18vel of 88&uran¢x but18 not a guthrnnt•• that an audlt cOnd￿t￿l In aGcA)rd8nce vllh13A8 (UK) vlll always detect a materlal mlsBtatem6nt vtt*n It ethts. MIs8tatements con ar186 from fraud LY error and are con8ldered materlal If. Indlvldually or In tho aggregato, thèy e￿Id rea80n8bly be expected to Influon¢• the economlG daolslr)n5 of uBer8 taken M tha ba818 of the80 flnanolal Statements. A furth8r d88¢rfpUon of (wr rpsponBlbllltlo818 avallablg on the Flnanclal Reportlrg Coundl's wgb85te at https'.IIMw4.frc.offj.uklaudllorsrgspon61blllUe8. Thls d8sorlDUon forms of our audltofs reDOrt. Ext•nl to whl¢h the audlt w48 conildornd oapablè of d•t•ctlng Irr•gularltl88, Includlng frnud Irregularftl88, Includlng fraud, Are In8tfin(%8 of nonmptlanc8 rngulatlon. Th16 rf8k Incfoa888 the more that ￿MplIan￿ wlth a law or rogulatlon18 removed th8 6vent8 and transaclons refiecled In the Ilnanclal gtatememis, a8 wa ￿11 be le88 Ilkely to becoms 8w8rn of In81ances of non-compllance. The rfsk of not detecllng a matbrlal ml8Statemenl reeultlng from fraud18 hlgher than for one rgsultlng fr4xn eThor. a8 fraud may Involv8 ooluslon, forgary, Intentlonal oml&slon8, ml8repr08•ntatlon8. or tha ovgrrlde of Intamal control. UM of our r•port Thls report18 made Golely to the charfty8 truBteo8, 88 a body, In acMrdan(x wlth part 4 of the Charltt•s {AG￿unts and Report8) R8gulallon8 2008. Our audlt th ha8 been undartaken BO that wa mlght 8tato to the charl1518 tru8tee8 th08e rnatters we aro requlred to 8tBt6 to thern In an audltor8' report and for no olhgr wrpose. To the fu1188t extent pemiltted by law, we do not accepl or a88ume re3pon8lbllity to anyone other than the charfty and th6 ch8rfty9 tru8ts08 a8 a body, for wr audlt work, for thls repprt, or for Ihe oplnlons have ft)rrned, Andr•w How•ll8 Senlor Stabjtory Audltor For and on bghalf of Az•ts Audlt 8ervlcg8 Chartered Accwntants and Statutory Audknrs Ty Dar Llme Tree Court Cardlff Gate BuGlne88 Pa Cardlff CF23 8AB Date. IL g. i.L 203¥. Azet8 Audit SoNIc0519 allglble for appolntment as audllor of tha tharlty byvlrtua of It8 ellglblllty for appolntrnent a8 8udltor of a Gompany under of 8OCtlon 1212 of tha Companles Acl 2008. GOLEUDY HOUSING AND SUPPORT UIIITED IA COMPANY LIMITED BY GUARAp¥fEE) 8TATEMEiif OF FIIANCIAL ACTIVITIE8 - CONSOLIDA)ED INCLUDING INCOME AND EXPENDrfuRE ACCOUNT FOR THE YEAR ENDED 31 hlARCH 2024 R••trfct•d Re8frIC￿ Unro8trlctad Unrn•trktsd Capllal Genoral Do$lgnatod Goneral Funds Funds Funds Fund• TOTAL 2024 TOTAL INCOME Incomo from Charltabl8 27.706 280,767 2.508,829 2,817,292 2,898,761 1￿me from oth Ing AcllvlUe8 IrN88trnert Income 24,460 16,TlO 915 TOTAL INCOME EXPENDTfuRE Cost of ra181w fimds Fxpendlbjre on Charltable actlvltkn: 331,993 2,729,032 3.061,025 2,870.990 TOTAL EXPENDrruRE 331093 1729,032 3.081,11215 2,870,990 N•t galml I (lou••) on Invèstmants 52.880 s2,8￿• {38,672) Not In¢om• I {•xp•ndltur•) Gro•• Tran•farn b•lwMn fund• 27.706 ($1,&86) (142,883) (180.413) 7,859 18 {14,979) (111,793) 126,772 Net Mov•mont In Fund8 12,727 {51,236) (111,793) (16,111) (166,413) 7,859 RECONCLIATION OF FUNDS Total fund6 brought forward 18 505.829 230,890 1,927,981 301.132 2.986,432 2,957.513 TOTAL FUNDS CARRIED FORWARD 518,306 179.454 1.816,188 284021 179P,019 2.96W2 All of the net Incomlng r8Bource8 are frthn coniinulng 8CtEvltle8. Th8 wmpany ha8 no ￿¢99n169d gain8 or losses other than the above. Th8 notas on pages 28 to 63 form of th8 flnanolal 8tatements. GOLEUDY HOUSING AND SUPPORT LIMITED (A COMPANY LIMITED BY GUARAtITEE) COMPARATIVE sfATEMENT OF FIN*thICIAL ACTivmES. CONSOLIDATED INCLUDING INCOME AND EXPENDrruRE AccouKr FOR THE YEAR ENDED 81 MARCH 2023 Rostrkled R••lrfct•d Unr¢•tdGl•d Unro6trlGted Restalad Capltal Gonornl Doslgnatad G•n•rnl TOTAL Fund• Fund8 Fund• Funds 2023 INCC4qE Income from CharIts￿o aGllvtNès 47,418 328,394 2,524,939 2,898.751 lTh>)m6lrom other tradh)g aclivlti88 Invé8tm8nt Income 18,770 18,770 Total In¢orn• EXPENDrruRE Co81 of rnlBlng fund8 Expend￿re ijn Ch8rltsblg aGUvlle8: 304.507 2,586,483 2.870,990 TOTAL EXPENDITURE 304,507 2,568,483 2.870,990 Not galns 1 (108••8) on Inv•8tmont• <36,872> (38,872) N•t Inciwn• I {exp•ndltuv•) Gro88 Tran8f•rn 47A18 21.887 {61 N46} 7,859 (35.139) 6,473 29,888 Ngt Movomont In Fund8 12,279 21.887 5,473 (31,780) 7,859 RECONCILIATION OF FUND8 Totsl.fund• bmught torward 493,350 208.803 1,W22,508 332,912 2,957,673 TOTAL FUNDS CARRED FORWARD 505.829 230,690 IP27,911 301,132 2,964432 All of th8 net In￿rnIng re80urce8 are from contlnulng actlvllles. v)mpany has no rocogn189d gairw or losses other thon th6 abovo. Tha note8 on pag88 28 to 53 fomi part of the fknBndal Atatsments. GOLEUDY HOUSING AND SUPPORT (A COMPANY UMITED BY GUARANTEE) GROUP BALANCE SHEEr FOR THE YEAR ENDED 31 MARCH 2024 Note• 2024 2023 FIXED ASSETS Propertles Olher Tanglble Assets Investrnents 12 13 14 1,198.147 92.863 947,207 72.816 680.822 1,700,845 2.034,229 CURREiif ASSETS Debtors Cash at bank and In hand 15 319,851 1,057.557 1.377.408 370.205 1.853,482 2,223.687 CREDITORS CredSlors falling du8 wlthln one year NEf CURRENT ASSETS 16 (612.618) 784 790 (959.100) 1284 587 NET A88ET8 2 799 019 THE FUNDS OF THE CHARrrY General Funds Deslgnated Funds Restrkted Fur¥Js Restrlcted Capllal Funds 18&19 18&19 18&19 18&19 285.021 1.816.188 179,454 518,356 301.132 1,927.981 230.690 505,629 TOTAL CHARITY FUNDS 2 799 019 2 965 432 The company Is 8nOtled lo the exemptlon from the audlt requlrement contslned kn section 477 of the Compan188 Act 2006 for the year ended 31 March 2024. altrough an audlt has been carrled out under Sectlon 144 of Ihe Charltles Act 2011. No memb8r of the company hes depos5ted a notlce, pursuant to sectlon 476, requlrln9 an audlt of these accounts under the requlrements of the Companle8 Act 2006. The trustees responslbllltl88 for ensuring that Ihe charlty keeps accountlng records whlch comply ￿ryth Sectlon 386 of the Act and for preparlng accounts whlch give a true and fair view of the state of affalrs of the company as at the end of tho financlal year and of Its incoming resources and appllcauon of resources. Includlng Its Income and expenditLtre. for Ihe flnancial y8ar In accordance wlth the requlr8m8nts of soctlons 394 arml 395 and whlch other¥Ylse comply wlth the requlrements of the Companles Act 2006 relatlng to accounts. 80 far as Is applicable to tha ¢ompany. Th￿ accounts have been prepared In accordance wlth th8 provisions appllcable to cornpanle8 subject to the small wnpanies, reglm8. These 8ccounts w6r8 approved by the Truste&s on 24 Sept8mb 202 /L.or Neil O'Brien Rbchard Lea The note8 on page5 28 to 53 fom part of th8 financlal statements. Company registration number: 1195549 25 GOLEUDY HOUSING AND SUPPORT (A COMPANY LIMITED BY GUARANTEE) CHARrrY BALANCE SHEEr FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 FIXED ASSETS Properues other Tan9lblg Assets Investmonts 12 13 14 1,198.147 92,863 743 220 2.034,230 947.207 72,816 1,700.846 CURRENT ASSETS Dftbtors Cash at bank and In hand 15 319,886 1057 258 1.377,144 370.241 1853 147 2.223.388 CREDITOR8 Credltors falllng due w51hln on6 year 16 {612,81BI (959,100) NET CURRENT A88ET8 764,526 1,264288 NET ASSETS 2 798 756 2 965 134 THE FUNDS OF THE CHARITY General Fund D&slgnat8d Funds Restrlcted Funds Roslrkted Capital Funds 18&19 18&19 18&19 18&19 284,898 1,816,188 179,314 518.3S8 300,974 1.927,981 230.550 505.629 TOTAL CHARiff FUNDS 2,798,758 2,966,134 Th8 company 18 entltled to the exemption from the audlt requlremenl contalned In sectlon 477 of the Companies Act 2006 for the yoar ended 31 March 2024, although an audlt has b&8n carrled ou1 under Section 144 of the Charilras Act 2011. No member of the ¢ompany has deposlted 8 n0￿Ce. pursuant to sectlon 476. requlrlng an audlt of those accounts under the requlrements of Iho Companle$ Act 2006. The trustees responslbllltlej for 8n8urfng Ihal the thorlty keeps acctyjntlng records which comply ￿1h sectlon 386 01 Ihe Act and for preparlng 8ccounts whlch glve a true and falr vlow of the stst8 of affairs of the company a$ at the end of the financi81 year and of its incomiv¥J resources and oppllcallon of rasourc95, inGluding lis Income and expendlture, for the flnanclal ye8r In acg)rdgnce wllh th? requirernen15 Qf sections 394 and 395 and which oih8rwise comply wlth thg requlrements of tho Companl8B Act 2006 relating lo a¢counls. so far as Is appllcable to the company. These accounts have been prepared in accordance whh the provlslon8 appllcgble lo companb89 $ublect to the 6mall companles, reglme. These accounts were approved by the TNstees on 24 September 2024. Trustee..................................... Nell OBrlen Rlchard L￿ry The not8s on pages 28 to 53 fomi part of th8 financial slatements. Cornpany reglstratlon numb6r.' 1195549 26 GOLEUDY HOUSING AND SUPPORT IA COMPANY LIMrrED BY GUAR￿TEE) 8TATEMEKfoF CASH FLOW8-CON8OIXIATED FOR THE YEAR ENDED 31 PAARCH 2024 2024 2023 Cash ftow• from operatlng actMII•• Not Ca•h provlded by oporatlng actMIIos Ca•h flow8 from Invo•tmont a¢tlvlll8• Intar081 from Inv891ments Interest from InV￿lMents add8d to hw69bnent portfouo Purtha88 of fixed 888at Inve81m8nt Purrlw8e of property, plant and equlpmant Proceedfj from 8ale of a88et8 16,770 (15,590) (165,000) {311,113} 230,000 116.834) (381,667) 97,270 N•t Ca•h u8•d In Invmtlng •Gllvltl•8 (278,771) (244,933) Changa In ca8h and oa8h equfvalents In th8 year Cash and ¢a•lT ewlvalents at the beglnnlng of the year 1053,482 2,075.536 Ca•h and cash oqulvalont• at th• •nd of th• y•ar Tho notes on page8 28 to 53 form part of the llnandal 8tatemants. Company reglstratlon number. 1195549 27 GOLEUDY HOUSING AND SUPPORT (A COMPANY LIIAITED BY GUARANTEE) NOTES TO THE FNANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTWQ POLICIES The prlnclpal accountlng pollcles adwed, Judgements and key 80ur(x8 of 98tlmatlon unc8rtalnty In the preparatlon of the flnanclal stat6ments are as follow8: Charfty Infom￿l10n Golèudy H￿Ing and Support Llmlted18 a &Ylvats Chariiabl8 eomp8ny Ilmltod by guarnnta8 Incorporat8d In Eryland and Wala8. The Chartty d)anged Its nanie from CsThdellha8 Ga6r Lag kn June 2020. Th8 reglstsred offlce18 Tho Cu8tixn8 Hou8e. Cambrlan Plac8, Swan2éa. SA11RG. (al *&¢ountlng ¢onv•nllon Tha fln8nclal ststements have been prepared In accordanc8 thrfth tha charfV8 gov8rnlng docum8nt, the Compan168 Act 2006 and 'Accountlng and R6portlng by Charltle8: Statement of Recommended Prad¢8 appllcabla to chqrftla6 praparlNd thalr Accounts In aC￿rdanCe wth the Flnandal Raportlng Standard appllcablg In the UK and Republlc of Ireland (FRS 102) (offectlvo 1 January 2019)°. Tho ¢harfty 58 8 Publlc Benofit Enllty gB defln&l by FR8 102. T}￿ account8 are prepared In 8t8rflng, whlth18 the functlonal currency of the c4)firlty. Monetary amounts In th888 flnan¢lal ¥tatgmentB are round8d to th• n•arn8t £. The accounts have be8n prepared under the h18torlcalwCO8t (nnventlon. The prfndp81 accountlng pollde8 adopled are setout below. (b) Golng conc•rn At th8 tlm8 of approvlng the accounts, the trusts88 hav8 8 r8asonabl8 6xpectatlon that th9 charfty ha8 9d8qUAte re80urce8 to cOn￿nu0 In operatlonal exlslence for the ftYe8eeable future. ThuB the trusta68 oontlnue lo adopl the golng concern ba818 018￿ntIng In praparlng ts accounts. See flnanclal revlew In the Report of the Trust888. (c) Grnup ffnanclal 8tatement8 Tho flnanGlal 8tatsmersi8 cx)n8011date th& r88uIts of the charty and It8 vtholly 0￿m0d sub¥kJlary, C8er La$ Trodlng Umlted w a Ilne*y-Ilne ba818. A separate Stetemenl of Flnand81 ActlvlUe8 and Income and ExperKllture AC￿Unt for the charlty has not been presented because the charfty ha8 tsken advantage of the exemptlon afftjrded by 88ctlon 408 of the Companles Act 2006. (d) C¥h flow stat•mant No 8OP8rate Go8h fl(Av 8tstem8nt has been pr656nlad fijr th8 charfty itself a8 the chadty ha8 taken advantsge of the exampUon8 in paragraph 1.12 of FRS 102. {•) Incom• Incom8 recorded In tho St8tement of FJnanc181 Ac*hthl85 r8pr8S8nts tha valu8 of gr8nts re￿IVed and renlal and voluntary Intx)mo. In¢ome18 re(xJgnl38d vthen tha charlty hag 8ntMlament io the fund8, any perfomiHnce condI￿on3 attached to the Inrx)me have been met, it 18 pfobabl8 that the Inc(xna wll be recefved 8nd th6 amount csn be measured rellab and18 not deffjrrBd. 28 GOLEUDY HOUSING AND SUPPORT IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINMICIAL STATEfdlENTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTINQ POU¢IE8 - coKfiNUED (n Donatsd a0￿1￿ ond laclllll•• Donated goods aro recognl8ed a8 Income when tho charlty has CDntrol over th8 K8m, any condttbns 8s$oclated tha donated It8m8 havo been md, the ra￿lp1 of 8C(K]ornlo banefft from tslr 8ale18 probable and that orKxnlc b8n8tit can be measurod rgllabty. In accordance wlth tha Charlt1•8 80RP (FRS 11Y2) the g￿oral tlme of voluntsor818 not re￿nIsed. (g) Inl•mt rncolvablo Intere6t on fund8 held on depo8lt16 Induded whon recelvablo arKI the amount C4n ba rnea8ur8d rèllthy by tho eknarfty: th1818 n(xmally upon notfficakn of Inter08t pald or payabb ty the bank. (h) Expondlture Expand￿re15 racognl8ed on an accrualb baslo a8 a Ilablllty18 IrKurred. Charftsble expendlture compd888 thw co8ts Incurred tho Gharlty In ￿ d￿￿ery of118 adMtI88 and 8gpAc88 for tt8 beneficlar188. It Includeg bcth co8ts that (•n be allocated (Nrecty to 8uch aGllvltl96 and thoge costs of an Indlre(* n&ure n8c688ary to 8UPPOrt Ihem. Governance costs Include those c08ts a88oclated wlth maellng tho con8ttutbnal and 8talutory requlrnmgnts of the charlty and Includo wdlt fee8 and co8t4 Ilnked to the strateglc fflanagement of the chartty. (l) Co•t of 9Onerntlng fund• Ratall ca8ts Include Ihe costs of gocx18 sold. No valuo Is altrlbuted to gocd8 donated for sale. U) Allo￿tIOn ol•upport aostl 8upport caxts thJ8e fvnctbn8 that asslBt the work of the charlty but do not dlrecly und8rt8ke charltabla aclivllles. Support ￿$ts Include back Offi(￿ (x)sts. flnan(%, HFI payroll and governance costs. Thèse costs have bggn alk)caled betwegn CQBl8 of ra161ng fund8 arKI exper￿￿tUre on charttable aclJvlt108. Thg ba818 on whlch 8llPPOrt costs have been alk)catad aro 8et wl In note 7. (k) T•nglblo Flxad A88•ts Flxed 8SS8ts ar8 capltalls8d at ￿$1. Depreclalon 18 provid￿1 at rat88 e8tlmated to wrfte off the cost of fix8d a8s8ts io thelr astlmated re8kJual value over the expthl u68fiJl workk)g Ilfe of those a888ts. D8pre¢lafj¢Jn18 prO￿ded on a 8tralght Ilna ba818 88 foKow&'. FrBoTrKJld propety Leasehokl pmperty Planl and equlpmenl Flthre8 and filtlng8 2% 2￿25% Freehokl land Is not d8prectated. A88ets below £1.000 are nol L*pttaltsed, but hdud8d wlthln axpen888. GOLEUDY HOUSING AND SUPPORT (A COMPAIIY LIMrfED BY GUARANTE NOTES TO IHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING POUCE6. CONTINUED 01 IMpalrn￿nt ol fix•d a88ets Racoverablo amount Is the hlther of falr value18ss costs to Bell and value In u80. In a88e881ng Val￿ in uso, th 88tirnat8d fubjre cash Ilows are d5scounled lo thelr present value uslng pre-thx discounl rate Ihat rafi8cI8 current mark8t a889ssm8nts of the tlme value (rf money and the rf8ks speclfic to tha a88et whWI the e8tknat88 of future caBh Ibw8 have not been adJu8tsd. If the recoveralAe amount of an a888t18 estlrnated to be le88 than Its caryythg amounL the carTrlNJ amount of tha 886et18 reduced lo Its recoverabl8 amount. An Impalm7ent105618 recogn18ed ImM￿lIatelY In (expendlture) for th& year, unle88 tho relevant a86011s Garrw 8t a revaluad amount, In wthlch ca88 th8 IM￿rnent b88 ￿ treated as a rovaruatlon d8¢rea8&. R6wn188d Imp8lmient108868 are revar8ed If, and only If, the re880n8 lor the Impalmiant l¢)ss hw8 eaa8ed to ap￿. Where an lrnpalmient1088 8ubwuenlly r6ver8e8, the carr￿n9 arn￿nt of the a980t18 IrTha8ed to the revlsed estlmate of ft8 recoverable amount. but so that the Increa88d Carrylng wnount do8$ not exceed the carrylng amounl thv4t would havo been detemlned had rn Impalrnient108s been re(x)gnl8ed for the a688t In prk)r year8. A revor8al of lh8 Impalm￿ntIo$Jle recognl8ed Immedlaiely, ￿1@86 the relevant 88881 Is Garrfed 81 rovalued amowt, kn vthlch ca8• th? rever8al of Ihe Impalrrn6nt109818 Ir8at•d a8 a revthakn Incrna8e. (m) RepalTr and r•n•wals Re￿1￿ and ren6W818 expendtturè18 Wrttten off In the acc￿￿tI￿J p&lod In ￿lch the ayndlture h Incurred. (n) Flx•d A•••t Inv••lh)onl• A 8ub81d18ry18 controllod by the th8rlty. Control18 poww to govern the flnandal and op8r8dng polld81 of the anty 80 a8 to obtsln b8n8fifB from [18 actfvltFe8. Invastm￿ts a fomi of ba81¢ financlal In8trum8nt and ar& Intiaty recogn18ed atthglr tr8n9actlon valua and 8ub6equently mea8ured at Ihelr falr value a8 at thg balance 8h68t dat8 UBlng the doslng quoted market ptho. GalnB and106888 arlsh9 on the dlspoBal of Inveslm8nts and the r8valugUon to fRlr value are charged or credltad to the statément of flnanclal activitt88 In tho s•ar. The rnAln fom) of fThnGlal r18k faced by the ch8TIty18 tho volatlllty In equlty markats and Inv88tm8nt markèts due to *lder oconomlc wKIIUon8. (o) Cash and oa•h •qulvabnts Cash ￿ cash equfv8lerrt8 Incfude c8sh In hand. dopo81ts held at cÈll wlth bank8, other short-tsrm hlghfy Ilquid Investsnents wkh (xtrJlnal m8turftl88 of thre8 months or less, and bank ovgrdrafts. Bank ovwdrafts are 8￿￿￿Tr wlthln borrowlrvJ8 In currnnt liabmltles. (p) Llabll1ti￿ Pollcy Llabillt168 are rwn18ed In the Statarnent of Flnancial Acllvit188 aB th8y becomo payal)18. GOLEUDY HOUSING AND SUPPORT (ACOMPANY UMITED BYGUARANTEE) NOTE8TO THE FIN￿4ClAL 8TATEMEMf8 FOR THE YEAR FJIDED 31 MARCH 2024 1 AccouKfiNG POLICE8 . CONTINUED (q) Flnanelal Initrum•nl• Tha tharly h88 glectgd to apply the pmvlsims of Sectbn 11 '8a8kn Flnand81 In8tNm8nts' and Sadon 12 'Other Flnandal In8tnJments1s8ueB' of FRS 1￿2 to 8111ts flnanclof Instruments. Flnandal Instruments are recognlsed In the dwrltY8 bdenc8 8t*t when th8 chorlty becomes party to tho contrthal provl8lon8 of tho Instrum8nL Flnandal as86ts and118blllU8s are offb6C wmh the net amounts prosentad In thg ftnandal Btaternents. Wtr￿n there18 alegally énforceable rfgm to set off the rewnlsed 8mounts and therelg an Intenllon to S8tt18 on a not ba818 or to reall¥8 the a888t and Settle ttbe Uablllty 6lMultaneou$ly. Ba$lc Ilnanclal ￿••￿ 8astc tlnandal 886818, whlch Inoludg debtor8 and ￿5h and bank balan¢e8, aro Inldalty measured at transactlon pr5&8 Irdudlng tran8acllons costs and are Subsequenty carrled at amort18ed colt uslng tho effeCtt￿ Intern8t method unb88 the arrangement ¢(￿St1￿te8 a flnanclng tranSa￿on, whare th8 IranBaoUon IB mea8ured at the present valué of the fijbjre reo8lpts dl8counted al a market rat• ot IntsresL Flnanclal a686ts cl&881fi8d a8 rec8lvable within ono year ar6 not amortl80d. Impalmi•nt of fflnanclal •8•9ts Fkn8nclat atsets, other than those held at faEr valuè through Incorne and oxpondlture, are a88e888d lor Indlcator8 of Impalmonl at each ryrtlng date. FIn￿da1 8888t8 are Impalrod where th8ré18 obl8ctlve OVId￿¢9 that, as a ro8uII of one or more events that occurred aftor the Inttlal r8cognlllon of thfj Ilnanclal a88et. the 88timated futur• ea8h ffow8 ha￿ been thct*l. If an 8BBOt1s lrnpalred, tha Impalmioni1088 Is the dlfferencè between the canWng amount and the pr88ent value of tha 88tlmated cash kn dlaeounted at the assrfi ￿lgInal effectlve Intemt rats. The In)pBlnnent loGs18 recwl8td In net Income l (expendlbjre) for the >wr. Ifthere18 a d8cr8a88 In tho ImpalTment b88 art￿n9 from an avent 0￿unIng aft8r the Impalrmant wa8 cogn188d, the Impalment IB revers￿. Thè r8ver8al18 8uch that the aurfent earr54ng amount do88 not exce8d what thé carrwng amount would hava been. the Imp8lmi8nt not prevlouBly been MMgn180d. Impalrrn8nt reversal18 recogn180d In not Inwno l (exp8rKJl￿re> for ihe par. Dorecognftlon of flnan¢lal aB?ets Flnanclal asBgts are derecognlsed onlywhen the Mntraclual rfghts to the ca8h flows from the a88el expire LY are 8etUed, orwhen tha charty tran8fer8 the flnanclal ds88t and substsntlally all the rf8k8 and r8ward8 ol own4Ydhlp to another antlty. or If Some slwlficant rf8k8 and rewarth of 0%￿erShIp are r8taFned but control of the a88et haB bgen transferred to another party thal18 abb to sell tho asset In tta Ontlrety to an umolated thlrd p*ty. Bask Flnanclal Uabllltl Ba8lG IlnanGtal IlaLqlllles, Including eredltors and bank108ns, are Inlfdally r8ccgnl8ed at tran8actlon prka unless the arrangement consmutes a financing transactlon, the debt in8lNment18 measured 8t lh6 prp8ent vamb of the fvtsre paYM￿ts dlscounted 81 a market rata of Interest. Flnanclal Ilabl￿tle8 classlned as payablo ￿thIn one are not amortlaed. Debt Instrument 8ra 8thsequently carrlgd at arnort￿ed Iwt, U81ro Iha effective Int8r88t molhod. 31 GOLEUDY HOUSING AND SUPPORT (A COMPANY UMrrED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENrJ FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING POLICIES . CONTINUED (ql Flh&Klal In8trum•nt• w contIn￿d Trade updltors are obllg8llons to pay for go(xl8 or B8nrftM Ihat h8v8 been acqulred In the ordnary (x)ur8e of owations from supplier8. Amount8 pgyobla Ara cla881fled 88 current Ilabllltias If payfflent18 due ￿1h1n one ￿r or le8s. If not, they ar8 presented a8 rh)TrCUffent Ilabllttl88. Trad8 credlior8 are recognlsed Inlmally at transaction prfco and 8ub89qu8ntty mea8ured at amort188d o)8t U81ng th8 gffocuve Inter06t method. D•r•cognMlon of flnanclal Ilabllltl•s FlnarKlal Ilabllltles are derecognlsed ￿1)en the charWB contracthtal obllgallon8 8xplr8 or are d180harg•d or canoelled. (fj Op•rntlng Lga•o8 R8ntals pdd under oporallng18a888 are charged lo tho Statemént of Flnanclal Adlvltle8 on a 8tralght Ilne b8818 over the perfod of th•1goge. (•) P•nglon 8¢h•m• Pen61on Scheme deflned contrlbutton8 are madè by th8 company to funds, the a88ets of whlch are held 8eparatgly fmm th088 of the company. The pgn$lon c08t8 In the Statement of Flnanclal AcUVlle8 repr888nt1he amount of the contrlbuljon payable In re6PaCt of the aGrx)untlno p8rlod. Durfng 2024, tho amount of Mntrlbutbns recognl68d In the Statemenl of Flnanclal ActMtle8 was £68,086 (2022: £40,156) Tha ba818 for allooatlng between activSt188 and rnstrkted and unreBIrfGted fund8 W£8 mada baaed on tho IndIvk￿a1S GonGern8d. (t) Funrf Ac¢ountlng General fund8 are unreBtrlctod funds are av8llab18 for u88 at the d18cr8tlon of tha dlrectors In rtherarKJ8 of the general obJecllve8 of the charlty and whlch have not been deslgnaled for othgr purpos08. De81gnatsd Re8erve8 rnpresent unre8trl¢tgd re8pr¥85 wffilch havo been allocated for spedfic purp08e8 but am nof legally bourKI for that purpD88. Golgudy ha8 t￿) de8lgn8ted re88rv88: The Da8[gn￿ed ￿ety As8al Fund and De8lgnat8d Putpose8 Fund. ResldGt•J fund8 are fund6 ¥*thlch are to be u8ed kn a(xordanc8 vlth specfflc re8tr1ctlonB Imprxed by donors or whleh have been rn18ed by th& charfty for parU¢ular purposes. Th9 Cost of ral8lng and admth181erlng such fvnds ar8 charged agalnst the spaclfjc fund. The alm and usa of each rn8trkted furKI18 set out In tha nLI88 to th8 flnandal statements, (u) Emplo>w bon•llts The co6t of any unu88d hollday 6ntttlement13 recogn18ed In th8 perlod In whlch thé 8mploye8'0 8ordc68 ar8 TennIna1l￿ b8nefrt8 are reGognised IMM￿1￿818￿ a8 an owonse vthen charfty18 demon8trably C￿Nn0119￿ to temilnato the employment of an empl￿ or to wovldg termlnaljon benefft8 32 GOLEUDY HOUSING AND SUPPORT (A COMPANY LIMrfED BY GUARAp¥fEE) tU>TES TO THE FINANCIAL STATEMEKrs FOR THEYEAR ENDED 31 MARCH 2024 I ACCOIINTING POLIC1&8 - CONTINUED (v) Govarnm•nt grnnt• R•venue grants are ¢3rodlted to tho 8tstarnent of Flnandal AcUvltl•s arxount duriThJ tho pwkKI r expand￿18. Other capltal grants are troatsd as defeThed Grwjlts and a proporuon Is transferred r9￿ue annu81ty, In aco)rdanc8 wlth the Ilfe ol th8 aB8eL Revenu8 grants ro¢olv•d In advanr* or unBpent at tho year end are carrled forword In cr8dltor8. As a reglsterad charty, Goleudy Houslng and Support Llmlted Is enYll6d to tha éxwrtpuon from taxatlon In r88P8Ct of Incom8 8nd (xplt81 galn8 r8c8Iv8d %thln 88cflon8 478489 of tho Corporatlon Tax Act 2010 and Bectk￿ 256 of lh8 Taxauon of Charg8abl8 Galn8 Acl 1992 to tho extent Ihat th88a are applled lo Its charftable objects purpo888 lx) Crftl¢al aeeounilng ••tlmatM •nd ludg•m•nl• In th• appllcatlon of thè charltyts a¢c¢xmtlng pollcle8, the trustaa8 are requlred to makg j￿0￿ 88lmat88 and a68umptlon8 about the carr￿g amount8 of a888t8 and Ilabllltl08 that aro not readlly apparent from oth8r iour¢8J. Th& ostlmat•i and assoclatod as8umptscfi8 are based on hlstorlc41 exparlen¢• 8nd other factors that aro ¢W8ldored to b& rolevant. Aclual r88uIts may dlffer from theFp e8llmate8. Th9 08tlmgteJ and Under￿ng 888umptlon8 are r8vl8wed on ￿ Dngolng b8818. R8vl8lon8 to accountlng 88tlrnate6 are rec¥)gnl8ed In tho perf¢xl In whlth the esllmate Is rev188d Ithera tha rtrA81on affeci8 only that perlod, or In tha perfod ol tho r6vl8lon and futur8 perfod8 ￿ere thè r84rfslM affects both Current and fil￿re perfods. GOLEUDY HOUSINO AND SUPPORT IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PaARCH 2024 2 LEGAL STATUS OF THE CIIARITY Goleudy H￿sIng and Support Umlted Is a company Ilmlled by guarantee and ha8 no share ￿pItal. In the evant of Iho charfty belng wound up. the118blllty In re8PeCt of ihe guarante& Is Ilmlted to £1 per member of the tharlty. 3 INCOME FROM CHARrrABLE ACTMfE8 . QROUP AND CHARrrY T¢>tal Unr••trlGt•d Ro8trlotod 2024 Supp)rtkng People l H(X￿1r￿j Supwl Grant (HSG) R8rts Recefvable Welsh Governmènt (HSG Outr6ach)' Clty & County of Swan88a (Sodal SeThdw) W818h Govemment (HSG RoutO8) Capttal Grani rec4lved Voluntary Sector Grant SwanBea Bay un￿18r81ty H8alth Board Donotk)n8 Othèr Grants other Rental Income Swan8ea Food Povorty Fund Groundworks Grant Sh8r8d Pr08perlty FuThl Houslng Ftrst - Btld9end Profit on dlsp08al Told Income from oharltablg a¢tlvltl88 1,603,708 722.015 185.546 1,769,263 722,015 1,823,151 608,f)86 121,846 94,800 80,122 47,418 46,652 41,818 37,718 94.8 94.800 27,708 11,662 32,757 1.042 25,515 8,386 27,708 10.626 13,614 2,030 43,283 14,656 27,546 8,385 8,385 4.328 500 36,861 36,881 82,136 2 508 829 62,136 175,791 2 898 751 4 INCOME FROM OTHER TRADING ACTIVITIES The wholly own8d tradlry 8ub8kllary, Caer Las Tradlw Llmlted,18 Incorrxjraled In th6 Unlied Klngdom (￿MpanY number 09432879) and pay8 all Its profits to tho charlty und8r tho'GIft ald. 8ch6mo. Gaer LA$ Tradlng LlmFt8d h a fwnlturè recydlng 8d￿rne who8& pdmary a(th was th& 8a16 of donated furnliurn lo th• general publlc. In December 2019. the CAxnpany ceased tradlng. During Ihe year8 to 31 March 2023 and 31 fvlar¢h 2024. Caor La8 Tradlng Umlted gen8Mt•d no 8ale8. GOLEUDYHOUSING AND SUPPORT (A COMPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENT8 FOR THEYEAR ￿DED 31 m￿CH 2024 4 INCOME FROhl OTHER TRADING ACTivrriE8-CONThUED The summwy of tha flnanclal perf￿ance of Caer La8 Tradlng Umltad h: 2024 2023 Twn(wer Coat of Salas and AdmlnistiEUv• Cost8 {36) {35) Nal (L088) I Profft 35 TIKry a88ets and Ilablllll85 of Ihg subshjgry ￿rft Assets Currenl Lia)111fj98 299 (36) (35) Totsl ngt a8sats P4gregat¢ 8har• CapltAI arKI R88erva8 S IIITEREST RECEIVABLE . GROUP AMD CHARITY 2024 2023 Inv68tm8nt Incomo recelvablg Bank Int•r88t rKelvable 18,834 7,62e 1S,590 1,180 6 C08T OF RAISING FUND8 Dwlng the yoars ended 31 March 2023 2￿d 31 March 2024 Ca9r La8 Tr8dlro Incurred no costs In Ce￿ng out tradlng actmty. Duwlng Ihe y•ar endad 31 March 2024, Goleudy Hou81ng and Support Incurred related to fundralslry of £6.862 (2022Q3: £0). GOLEUDY HOU81NG AND SUPPORT IA COPIPNJIY UMITED BY GuAR￿lTEEl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7 E¥PENDITURE ON CHARrrABLE ACTNwfES - GROUP The charlty undortake8 only on8 chartable adlvltr, Sockl h)u8lFYJ and Sup￿rt. 8oclal Hou8lng & 8upport R•8tat•d 2023 8upport Co•ts Gov8rnane• 2024 Un. TOTAL TOTAL Wage8 and Salaflee 1,291,771 184,840 322,943 4&210 1.845,764 1,713,743 197,989 3,300 201,289 186,711 utIlMI88 139,253 10.485 15.473 1,186 166,376 117,885 IT a￿1 Communlcatlons 122,281 6,158 128,439 154,757 Malntenanc• and Decoratl 72,125 38,283 110,408 116,879 Cleanlng 95,837 10,486 1Cfj,322 100,071 DewKlatlon 58,006 2.430 14,503 75,648 59207 HA manageM￿t Costs 70,598 73,898 e8,587 InouranGo promlums 37,551 5.333 42.884 38,076 Logal & profe881on81 faas 3,874 34.567 38,697 9),807 Prfntlng, PoBtag6, statlonery and AdvortJ8lng 25,618 2,e67 8,379 35,231 53,946 Sundry axporffje8 24210 3.677 8,052 919 34,858 27,398 Purchased SeNc8S 7,000 110 7,110 36,007 Subtot 2.101462 265881 409901 55011 34567 2.866 822 GOLEUDYHOUSING AND SUPPORT (A COMPANY LIMrrED BY GUARANTEEI NOTES TO THE FINNXCIAL 8TA7EMENTS FOR THE YEIR ENDED 31 MARCH 2V 7 EXPENDTllMiE ON CI4ARrrABLE ACTivrrE8 . GROUP. CONTINUED 8ocl•l Hou8lng & Support pport Co•ts Gov￿￿)e• 2024 R•8tated Un. Un. Re& TOT*L TOTAL It￿d kn(yJntanay 63.075 63.075 Bad Debts 48,824 18,989 Vehlcle8 and Trave 25,898 2,87T 116 29,935 19,987 TrAlnhg 14,734 831 3,883 19.206 18,779 Fumlture and Flttlng8 Co8t8 Investsnent Managom8nt 5,601 4,061 9.652 22.908 7.298 7,298 6.100 Food 3,107 2,975 28,4 Exp8n888 3.496 3,496 982 Trfp8 and Actfvlfl88 1,083 1,949 3,012 1,487 3,317 Bank (*arge8 1,405 1239 Voluntser expense8 674 177 761 922 2 202 729 276 708 425185 65285 101138 T1￿ 8UPPOrt wsts and govern￿e c08t8 are fullycharged agaln8t thg clkqdtys ono acllw, Soclal Housing and SupporL 37 GOLEUDY HOUSING AND SUPPORT IA COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7 EXPENDrruRE ON CHARTfABLE ACTivrrE8 . CHARrrY The charlty undartak88 only one charltab16 aetfvlty; Soclal hwBlry and 8UPWrt. 8o¢lal Hou8lng & Support Support Co814 Govornan 2024 2023 Re& Re9. Un. Re& TOTAL TOTAL Wag86 and 8abr 1,291,771 184,840 3Z2,943 46,210 1,845,764 1,713,743 Rgnt 197,989 201.289 188,711 Utllllle8 139.253 10.485 16A73 1,186 166.376 117,885 rr and Communlcakn8 122,281 6,158 128,439 154,722 maIntenan￿ and 72,125 38,283 110,408 116,379 Cleanlng 96,837 10.486 106,322 100,071 D&preclatl¢ 58,008 2,430 14,503 807 76,648 59207 HA manag￿ent Costs 70,598 3,300 73,898 68,587 Insuranc premlumB 37,551 5.333 38,076 Lwal & profeaslonal fee Prfntlng. P08tago, stallon￿ and Advertl8lng Sundry axp8n8e8 Pwoha8ed Servlce8 3,874 34,567 38,897 50,807 26,518 8.379 35,231 63,945 24,216 3,877 6.064 919 34,866 27.398 110 7,110 36,007 8ubtDt81 2,101.468 285,881 409,903 55.011 34,667 2.886,830 2.723.538 38 GOLEUDY HOUSING AND SUPPORT (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7 EXPENDrruRE ON CHARrrABLE ACTivrres. CHARITY . CONnNUED Soclal H(w8lng & 8upport support Cost• 13ov•man¢? Rgstated 2023 Un. Un. Re TOTAL TOTAL Audlt and £•untanoJ 83,075 83.075 Bad Debts 48,824 48,824 18.939 Vahlcl88 and Travel 25,898 2,8Tr 29.936 19,967 Tralnlng 14,734 631 3,683 19208 18,779 Fumlture and Flillng8 Costs InveBtm8nt Managèment 5,601 4,051 9,852 22 7,298 7298 6.100 3,107 2,975 6,082 Tfustse ExpenBas Trfp8 s￿1 Athltl88 3,496 1,CI83 3,012 1.484 8.314 Bank charg68 1,369 1,369 Volunteer o>pen8e8 574 177 751 922 2 202 732 276 708 425131 55285 101138 3 080 994 2 870 952 The 8upp(*I c08ts eAKI 9)vemance are fully charged agalnst the charws on8 acO¥ty, Sodal Houfjlng a￿1 Support. GOLEUDY HIYJSING AND SUPPORT (A COMPANY LIMrrED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMEKf8 FOR THE YEAR ENDED 31 MARCH 2024 8 PEf INCOP% I (EXPENDITURE) FOR THE YEAR Th8 owatlng 8urplus18 attrlbulable to the prkncl)al acllvlty of th6 chfirlty. GROUP AND CNARrrY 2024 2023 Depraraath)n of properU88 DepTeolatk)n of other tanglble fixed 8880ts A￿lItor8 romuneratlon dll1é8 In8uranca OparallrYJ Leases. OpwaffiNJ L•a8eg- Equlpmnt 33,926 41,619 26,916 32,291 18, 728 10.140 14,448 S17 15,012 19 GOLEUDY HOUSING AND SUPPORT (ACOUPANY LIMifED BY GUARAKfEEI NOTES TO THE STATEMEKrn FOR THE YEAR EHDED S1 MARCH 2024 9 ANALYSIS OFSTAFF Cth8TS, TRU8TEE REMUNERATION AND EXPENSES AND THE COST OF I MANAGEMENT PER80NNEL ¢)ROUP AND CHARrrY 2024 2023 Wage8 and 6alarleB Sodal 8ecurlty costs Other p8nBlon co818 1,977.358 134.283 88,086 (333,941) 1,678,090 98,302 40.158 (102,805) 1713 743 On8 employeg recelved emplosw bene1118 In oxcaB8 of £60,000, but le88 than £70,000 durlng tho porfod and ¢￿e employee recelved ber￿fits In 8xc888 of £80.000. but le88 than £90,OCK) (2023: hvo In 8XCaS8 of £60,000 but le88 than £70.01]O and on& In •xeé98 of £70,000. but16a8 than £80,0(K)). l)urfng th• y8ar, total amounts pakl Into Pen8lon 8(+￿ne9 by Golwdy and Its am￿0￿8# waa £126,1 {2(Y23." £85,726). At th6 swr end, Goloudy owed £11.304 to th8 P8nfjlon Bch8me8 <2023: £7,210). Penalon Costs are allxated to acthrflle8 aThl funds In prcporuon tr) the related &tafflng coBtB Incurred. Tho ¢￿TIty Iru8tse8 were not pald or recelvad any other banofits frorn omployTnent wlth th6 ¢lMTty In ttK8 yBar (2023: £nll). No tru6te88 racelved rnlmbur8ement ol travel and sub8t8tence oxpan888 (2023: n()￿>. No charfty trustee reoelved p8yTh6nt for pIr￿sSIonal or other 8er*lce8 8upp116d to tho charlty (2023: £nll Durlng the year. group madè no poJment8 In rdallon to emp￿￿4 redundancy (2023: £nll). Koy IAanag•mont Por8onn•l The key management pernonn81 of the Gharlty, cornwk98 the trus1888, the Chlef Ex8(#JJv8 OfflLW and other memberg of Iho Executtve Le8der8hlp Team. The total 8mpbye8 b6nefits of the key management per8onno1 of tho charfty w8r8 £390.443 (2023: £310,931). Ex4rntla Ptym•nl• tho ￿r, th8 group made pa>Ynents of £44,626 to personnel on thelr leavlng th8 organl8atlon. 41 GOLEUDY HOU&NG AND SUPPORT IA COMPANY LIMireD BY GUARANTEE) NOTES TO T￿ FINMICIAL STATEMENTS FOR THE YEAR ENDED 31 M*ACH 2024 IQ STAFF NU•ABER8 The averngg number employed by tho corry>Any wa8:. GROUP AND CHARrrY 2024 Numhr 10 40 2023 Numts•r Management A(knlnl8tradon aThJ 8UPP(Kt 29 11 RELATED PARTY TRANSACTIONS Durfng the years to 31 March 2023 and 31 March 2024 no tranBaclon8 look plAC* botsveon Gobudy H¢xMkng and Support Llmlted and Its wfiolty ¢Mned Iradlng 8ub8ldlary, Caer La8 T￿lIr￿d Llmlgd. At 31 Mwch 2024, £70 (2022,. £35) wa8 owed by Caor La8 Tradlng Llmltsd, to Golauty Hou81ng aTh Support Umlted. 42 GOLEUDY HOUSING AND 8UPPORT (ACOMPANY UMITED BY GUARANTEE) NOTES TO THE FINMICIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 TANGIBLE A88Ef8- PROPERTIES . GROUP AND CHARrrY Land & Bulldlngs At 1 Aprll 2023 Addltlons Dlspo8918 At 318t March 2024 1,598,787 320,001 6,380 D•prnclatlon At 14)rll 2023 Dt8POBalB Charge forth8 year At 31st March 2024 651,580 {41225) N•t Book Amount At 318t Mwch 2024 1198 147 At 31 Marth 2023 13 TMIGIBLEA88ET8-OTHER8- GROUPAND CHARITY Databa8• Plant & Equlpm•nt Motor V•hlcho Flxturn8 & Flttlng• At 1 Agrf12023 Addlflon8 DIBposa At 31st March 2024 83,388 288.916 10260 232,565 21,131 813,127 81,666 253,896 674,793 Dopr•cl&tlon At 1 A￿11 2023 Charg8 for the year Ellmmed on Disposal At 318t Marrth 2024 255.731 22,615 8,978 1.282 192,216 17,822 540,311 41,819 Not book amount At 31st March 49205 43,858 At 31 March 2023 31185 ￿2 n818 GOLEUDY HOUSING AND SUPPORT (A COMPANY UhllTED BYGUARMITEE) NOTES TO THE FIN￿CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 INVESTMENTS GROUP 2024 2023 Marf(et Value at 1 Wl Addttlons to Inve8tment at ￿81 DIsp08a18 at Carrslng Value Net galnl(108868) on revalualk Market Value 318t Marth 655,341 203,524 (178,7W) 526,738 271,876 {106,601) 784,946 655,341 Ca8h A0(￿Unt 8,2n 25,481 Market Value at 31 M8rch 743 219 HlstrKlcal value a• al 31 March 687 CHARrrY 2024 2023 Market V8lu8 at 1 Aprfl Aklltlon8 to Inve8tm8nt at co D18posa18 at can￿r￿j Va￿0 Net galnl(b8888) on r8v8luaUt Market Value 318t March 665,342 203.524 (176,780) 526,739 271.876 (106,601) 734.947 655,342 Cash A¢¢wnt 8,273 2&481 M8rket Value at 31 March 680 823 HS8torkxl valu8 a8 At 31 Marth 887 010 a2L421 Tho chsrty8 Inv88tment at tho Balance Shèet dete h th9 8h8re Capttaf of eompanle8 Indude the foiknwlng: ¢aw La8 Tradlng Umftod Company number Incorporatlon dat8.. Nature of busln886'. Reglstered offlco: 09432e79 10 F8bruary2015 88188 of donated good8. Custom8 House, Cambrfan Place. Sw8n888. SA11RG Cla88 of 8hares: Ordlnary % Holding 100 A 8unNnary of the Iln8nclal performancé and poslllon of Caor La8 Tradlng Llmtted18 In￿ded In Not65 4 end 6. The company cea88d tradlng In D￿rnber 2019. GOLEUDY HOUSIIIG AND SUPPORT (ACOMPANY UMITED BY GUARANTEE> NOTES TO THE FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 IS DEBTORS GROUP 2024 Due wlthln on• y•ar Trade debkn8 Rent rec8fvable (Yued InGorne and prepayinents 22.180 112.718 235,327 168,700 319,851 370,206 CHARrrY 2024 2023 Du• wllhln ono y•ar Trade dobtor8 Renl racolvablo Acw8d Incom8 and prapayrnent• Intwc*rnpary ac¢ount 26,885 124,468 188,700 35 22.160 112,718 235,328 36 319,888 370.241 16 CREDITORS GROUP AND CHARITY 2024 2023 Amounts falllng du• wlthln on• year Accru813 8nd defernd h￿19 Trade ¢rodllors Sodaj 8ecurfty arKI laxeB Olhar credllors Penslon ￿edttOr 473,098 91,531 38,67T 10 11,304 778,V25 150,914 24.051 7,210 612,618 959,100 GOLEUDY HOLISING AND SUPPORT (ACOMPANY UMrfED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MPRCH 2024 17 DEFERRED INCOME - GROUP AND CHARrrY 2023 At l Aprfl dlllong 833,618 27,707 861,323 786,204 47,412 833,618 At 31 March At 1 Aprfl R8Jeased agaln8t capltal fu￿18 At 31 March &32,273 497.134 S47,262 532,273 Balance at 31 March 314,071 301,343 Deforred Incxwo rewsents hl8torkal wltal grants. The value of th8 grant18 ￿nortISed oNpr the Ilfe of tho Contalned In other crndltor8 aThl ac(xua1818 In(xme totslmng EA1,661 {2023: £104,028). D8feffod Income relate8 to p8rfomian¢a related grant rec8Jved In advarKX and whleh relat88 to futurè flnanclal p8rbd8. 2024 2023 Balance brou*)t forward Ino)me recelv8d In the year Rel808ed to Income Balan(% as al 31 Mar(* 104.028 1,322.583 1,384,950 41,661 28,613 1,438,985 104,028 GOLEUDY HOUSWG ￿lD SUPPORT IA COMPANY LIIITED BY GuAJINNfEE) PIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 A￿Y815 OF CHARITABLE FUNDS Anatys18 of Movement In Unro•trlct•d Fund8 GROUP Balan¢• Incomkng R••ourc•• Nat galn• l Tranthr• 1 Awll 2023 R￿0￿1¢05 ExpuKlad (lo$8￿) on Invtskn•nt8 Balanc• 31 Mareh 2024 General Fund 301.132 2,533,289 (2,729,032) 128,772 285,021 Deslgnatgd opty a8801 fund 441,684 238.207 879,791 Do8knated purpos88 f￿d 1,486.397 (350,000) 1,136,397 2 729 032 2101209 Balan Incomlng R••ourc•• 1 Aprfl 2023 Ro•ouv¢os Expond•d N•t galn• l Trnn•f•r• Oo•w} on Inv•tslm•nt• Balon 31 March 2024 General Fund 30D,974 2,S33,289 (2,72&997 52.860 12e,772 284.898 De8lgnet8d opety ass8t nd 441,584 238,207 679,791 Doslgnated 1,48e,397 (350,000> 1,136.397 2 228 955 2 533 289 2 101086 Nanw of Unr••trl¢t4d fund Daaerlpllon> purpou and nthirn olth• lund General fund The Gengral FurKI repres￿ts unrn8trfcted fund8 ￿[ch have not been do8lgnatod agah8t a partlryjlar purpD8e and may ba u8od generHIty tr) further ts charfty8 obJed8. Th8 value of unrestricted funds repre88nted by th8 langible fixed assets o*med and used by tha r*tarlty an an on-golng ba81810 carry out Its charftable objects. Thls Inckndes prov181ons for short temi bu81ne&8 dewt0pm￿￿ C08t8, a6set Investment and contlngend8s for operatlon81 and management eo818. DesvJnated property osjot fund Deslgnated purpose8 fund 47 GOLEUDY Hou￿AG AND 8uppoirr (ACOMPANYu¥rrED BY GUARANTEE NOTES TO THE FINANCIAL STATBfiEltr8 FOR THE YEAR ENDED 31 MARCH 2024 18 ANPLYSIS OF CHARITABLE FUNDS . coi¥fiNUED Comparntlv• AnalyJl• of Movamant In Unr•8trl¢t•d Fund8 GROUP Balan¢a Incomlng 1 Aprll 2022 Ro8ources R•source8 Nèt galns l Trnn•far• Exp•ndgd (lo3￿8) on IDVO8tm8nts Balanc• 31 March 2023 Gonoral Fund 332,912 2,365,918 {2,3W,692) (38,672) 29,668 301.132 308,404 133,180 441.$84 property a88et fijnd D88lgnated wrp05e8 ftjnd 1,614,104 (127.707> 1,486,397 2 390 692 2229113 CHA￿Ty Balanco Incomlng 1 Aprll 2022 Ra8ourc Resourc•• N•t galns l Tran•f•r• Expend￿ U￿￿6) on Invo•tm•nt• Balance 31 March 2023 Gthernl Fwxl 332.719 2,365,918 (2,390,85n (38.672) 29,868 300,974 D88lgnatsd pro￿rtY a•8et fund 308,404 133,180 441,584 D081watsd purpD5e8 flmd 1,814,104 (127,70n 1,488.397 2 255 227 236591 2 390 857 13 48 GOLEUDY HOUSING AND SUPPORT IA COMPANY UMITED BY GUARAPITEE) NOTES TO THE FINANCIAL 8TATEMENT8 FOR THEYFAR ENDED 31 MARCH 2024 18 ANALYSIS OF CHARITABLE FUND8- CONTINUED AnalW• of Alov•m•nt kn R08trIct￿ Fund8 GROUP Balan Incomlng 1 WI 2023 R•wurC￿ Expended Bahn 31 March 2024 Copltal FurKI8 fj05,629 27,7 (14,979) 518,358 R88trlthJ Qeneral Funds 230,890 280,767 (331,993 179,454 31 CH>ArrY Balantta *•rll 2023 Incomlng R•$our￿* Tran•f•r• RuourGu Exp•nd•d 31 March 2024 Capttal Funds 505.829 27,71 (14,979) 618.358 Rostrlcted General Fund8 180,550 280.757 (331,993> 179.314 Nam• of R••trlclod fund Do8crlpllon. PuryKW and n&tur• of th• fund Capltal Funds ReJlrk*ed Caph81 Funth r8pre8ents capttal grants and fund8 prevlou81y recelved In resp￿t of the r6h8bllltatlon of ¢)*ned properNes and were %)lely for th18 pufpoBe. R88tr1(*ad General Fund8 The Restrlcted Gonor81 Fund wreBents fvnd8 whleh have b88n 98nerated from r98tsIcted Incom8. Th8 U88 of th18 fund Is rejirkknl to tha purp0886 Sat out by the funder. GOLEUDY HOUSING AND SUPPORT CUIPANY LWtrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 ANALY818 OF CHARITABLE FUNDS - CONTINUED Comparatlv• Analys1• of Mov•mnt In Ro•trlot•d Funds GR¢XJP Balance 1 Aprfl 2022 Incomlng Resourc08 R8source8 ExpoTrded Transfarn Balanc• 31 March 2•23 Capltsl Fund8 493,350 47A18 (35,139) 505,629 R88blct8d Gene￿1 Fund8 208,803 328,394 (304,50n 230,690 702 153 736 319 CHAWTY Balane• In(￿mIng Re￿￿￿C0• Tran•f•rn l Aprll 2022 R•80urce8 Expond•d Balanoe 31 March 2023 Capltal Fund8 493,350 47,418 (35,139) Re8trloled General Fu 208,683 326.394 (304,507) 230,550 507 35 19 ANALYSIS OF NET A38ET8 BETWEEN FUNDS ROUP G•nèrnl Funth D￿IgnIted Rutrlct•d Fund¥ Fund8 Total 31 Maroh 2024 TiThJlble Flxod A88èta knvg8tm8nts Cash at Bank and In Hand Other net current a88et81 (Ilabllttle8) 92,863 679,791 743.219 393,178 518,3S6 1291,010 743,219 1,057.557 {292,787) 484,925 {292,767) 179,454 286 021 1818 188 e97810 2 799 019 CHARrrY Gon8r41 Fund¥ Dgslgnatad Re8trfct•d Fund8 Funds Total 31 March 2024 T•nglbl8 FIx8d Assets Inv88knènt8 C88h at Bank and In Hand Other net current as88ts l (Ilabll1t￿8) 863 @79.791 743,219 393.176 518,356 1,291,010 743,220 1,057,258 (292,T32} 484,766 {292.732) 179.314 1816 188 697 670 2 798 756 GOLEUDYHOU81NG suppoKr (ACOMPAMY UMITED BY GUARMITEE) NOTE8 TO THE FINANCIAL STATLIIEK FOR THE YEAR EIIDED 31 IAARCH 2024 19 ￿ALySIs OF NEfASSEf8 BETWEEN FUNDS. CONTINUED Con4)wallv• analy818 of n•t a88•t8 b•tWogn funds forlhe yw endod 31 Mar¢h 2023 GROUP Ggn•rnl DMlgnatsd R••lrlot• Fund• Fund• Fund8 31 M￿1 2W23 T8nglbla FW A•80ts Irwegtments Cash at Bmk and In Hand Olher nel CUrr￿t 888et81 (Ilfibll￿) 71810 441,584 680,822 805,576 230,N) I,￿20.023 e80,822 1,853,482 (588,895) 817,217 (5e8,895> 1927 981 CHARrrY GoTr•ral Fund• D￿Ignated R••trlcl•d Fund• Funds 31 IAaroh 2023 TanglbJ8 Flxod A888ta Investments Cash al Bart( and In Hand Olher net C￿rrent a￿ats l {Ilablltle8) 72.810 441,584 680.822 805,676 506,629 1,020,023 880,828 1,8S3,147 (588,859> 817,022 <688,859) 230,$60 20 FWANCIAL IN8TrUMENT8 GROUP 2023 Canylng •mount of lknanclal a•••t• Debl Instruments measured at amortlsed cost 1208 708 Carrylng arnount olflnanclal Ilablllti Mea8ured at 8rn0rt188d co#1 102 845 CHARtrY 2024 2023 Canylno arrtount of flhAncld th•••t* Debt kn8trum&nts at fatr valu6 Debt Instruments measur￿1 at arnor￿sed cost Carrylng amount of flnan¢lal Ilablllll•s al amor115￿1 ¢xxt 158 124 51 GOLEUDYHOUSING AND SUPPORT {A COMPANY UMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 laARCH 2024 21 OPERATING LEASE COMMrfMENTS The folbwlng operatlng18aB8 pasfjnont8 aro commlttad to b•lng pald: GROUP AND CHARrrY Explrlng In l••• than 1 yur Explrfnu In 2 Explrlng I to S years mor• than 5 y•arn Total Land and Bulkllngs and olher 2&935 70,491 1,582 Tolal 25,935 70,491 1,582 9&008 22 RECONCIUATION OF NET MOVEMENT IN FUNDS TO NET C￿H FLOW FROM OPERATING ACTMTIE8 GROUP 2024 2023 Nat Inwme for the yew {a8 pgr the Statement of Flwiclal ActMtle8) Depreclallon charge8 Lo88 1 (Profft) on dl•p08al Interost from Inve8tm8nt8 Invesbnent management costs fecognl8fjd In Invaslment valug Revaluallon of Inveslment (Increa8e} l Dacn88è in (18btor3 (D8crea8e) I Increase In cr￿110￿ (106,413) 7,859 75,546 58,207 {tr2,136) {175,791) (24,4eo) {16,770) 7.298 6.100 (52,881) 36,672 50,354 120,271) (346,462) 126,874 M•t provldod by OP•Mtlng aotfvld•• (519,154> t2,879 Anal￿1• of Cash ond CaBh Equlvalents 2024 2023 Cath In hand 1.051,557 1,853,482 Tolal Cash and Ca8h Equlval•nts 23 CAPITAL COMMITMENTS As at 31 March 2024, there are capltal commItM￿lS of £1,[￿7,540 (2023: £nll) 24 POST BALANCE 8HEET EVEK Th8 organlsatton h88 no [￿1 balan(% sheet events. OOLEUDY HOUSING AMDSUPPORT {J4COMPANY LIMllED BY GUARANTE NOTES TO THE FIN￿G1ALSTATElaEKTS FOR ThE YEAR Et4DED 31 WCH 2024 25 PR￿ PERIOD ADJUSThEbrr In tho 2023 fftnand81 Gtatwn8Thts the galn on thé sa￿ of tho wop8rty was ¢mtalned tho frXP8nthrp no due to an incoffeGt As a re8uli the 2023 IlrkqnGial Statem￿ts have bgon r￿ted. The 8ff8Ct of £175,791 Increa68 of E)rypndltwg £175,791 Increa88 In Incffi)a Th18 adlU8tment h8S not bipactsd the re8ults prev1th13ty repJrt8d for ts PTlor yoar or thg regerves roported.