Charity iegistration number 701912 (England and Wales) Cornpany reg15tratlon number 02236170 HALAS HOMES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
HALAS HOMES LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mr A Billingharn Mrs N Billingharn IChairper50nl Mr S Scriven Ms G Lgno Mr M Billingham Mi55 S Billingharn Charlty numb•r 701912 Company number 02236170 RIstered offlce Halas Home Wass811 Road Halèsowen West Midlands Unitod Kingdom B63 4JX Audltor BK Plu5 Audit Limited A22urrf House Walsall BLJsln9ss P4rk Walsall Road Wa15all WS9 ORB Bankèrs Lloyds Bank P 153 High Street Rowley Regis West Midlands B65 0E8
HALAS HOMES CONTENTS Pagg Trustees. report stat8rn9nt of trustees, r8sponslblllllgs 1ndÈpendÈnl audllovs r8POrt Siat8menl of linancial aclivili85 8a18nce sheet Stalernent of cash flow5 10 Nolas to the linanclal slat8m8nts
HALAS HOMES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 30 September 2024. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Charitie5 SORP'Accounting and Repothng by Charities". Statement ol Recommended Practice appllcable lo chartties preparlng treir accounts in accordance wltt) the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021.. Objectives and activitie Our maln acllvllSes and who we try lo help and d6scrfbe¢ below. All our charabl9 aCttIes focus on lh& promolSon and support for people wtih learning disabililies and are underi8ken to fLther our charitsb18 purposes for public benefit. We have referred lo the guidance contained in iha charity's commissions general guidance on public bènefit when reviewing our Bim Bnd objectiv89 Bnd in plannin9 our fulure activities. The objectives ar810 promote and sUPPOrt the care of people wilhloarning di8abilth'es.' to increase public knowledge of the problems lace5 by people with leaming disabilities and their farnilies. creating a sympalheiic clirnale of public opinion lo encourag9 4¢¢8Ptanca In thg wmmunity., to b¢ avallab16 to giva advlc8 to paople withlgaining dlsabilitias and Ihèlr famllles viilhin Ihg area ol the charity, and lo carry on and protnol8 the establi5hrnenl ol residenlial homes. supporied Iwing hgtn85 gnd day care opportunities. Activity undertaken in relation to these objectwes include the provisK>n ol residentr'al care lor 3D residents in Halas Homes, 8ssessing their chanuing needs and Care as required, rneeling all requirements ol the regulatory body ICQCI, and providin9 social housing locally, lor rent by people with a learning di6abilily whose support needs are also prOVed by Halas Support Service. Public benefit Tho Iru$1&9s hav& paSd du9 rg98rd lo guidan¢9 Is$ued by tho Charlty Commls4on Sn dgcldln9 whal ocllvllles th9 chorlly Should underi8kg. A¢hiov•m•nts and p•rfomian¢• Signilicant activities and aGhiovem&nls againsl objeCVe5 Th8 Covid pand8mic continued lo be significant, challenging. and changeable throughout th8 business year affecting operating pro¢edure$ whilst still ensuring adherence to stricl Government guidance to protect vulnerable service users and slaff. Prudent an¢ prease mgnagemenl ol grants ensured efficiency and consistency of various Projects and running of the organisation. Outside clignls continued to resurre their Day C$ntre activiti88 on sile with staff supporting individuals lo porform a Christmas LvfiLvrl B. NIutsiL Isyfiiyliuriy H(Illl IllLvipufdliiiy COVID r¥¥liiulivii¥ rAii¢J yuldlI1)v¥. Tlits Ddy Ceiilrtt wiiliiiu¥d (v dllrdLI iiii¢J relain Clienls. As guidelines allowed the Day CÉntr8 was rè-opènèd merging communlty and rèsldenti31 ttliènts allouring full Intègration and normal op8rallng procedures lo comrn8nce as pr8 covld. Th¢ Platinum Jubil¢¢ Ccootcd on rpportunily lor th¢ R¢sid¢ntio1 Horno to G¢l¢brot¢ and r¢-¢onn¢¢t with r¢lotiv¢s. fricnds and family ensuing the first event since the outbreak of the pandemic 18king plac8. Links wilh the local ¢ommunlly continued lo expand and work programmes began on Halesowan gld wllh collabor8lon8 wllh 51udents from Halesowen College. Coff89 cups continued to mg8t its performanc8 targets for the 8tnploygd project whilst continuing to yJpport thè local community th food and friendship. Staff and volunteers were inwted to participate and be awarded Freedom ol the Borough for servi$ recognised during covid.
HALAS HOMES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Flnanclal revlew The Irusl&&s ravitsw of the financi81 position of th& charity indieales 8 sounL4 fingncial position. In dèciding on th8 inveslm8nl fvNds a cautious approach IB adopted havin9 tak8n into account social, environmental and 8thical consid8rationB. The charity s re5etve5 policy is". al To conlinue lo provide 8 secure environment lor Ihe residents. bl To assist the davelopm&ni of 8uppod8d Ilvlng wllh th& provlsion of approprfale aCMModatIOn and support. cl The reser4es at 30 September were £2,143,121. dl In the opinion of the Trustees this level ol selVeS is needed to ensure the continuing care and support ol its residents in tha Ming,/8arS. This policy will be regularly reviewed. The Iruslees have 8ss8ssed the major risks lo which the ¢h8rlly Is exposed, 8r6 68tisfied Ihal systems 8r6 In pl8¢8 to rnitig8le exposur8 to Ihe major risks. R&soN&s policy 11 is thg policy of tho charity that unroslriGt8d lunds which hav8 not deEignat?d for a spgcific use Ehould rnaintaingd at a level equivalenl lo between three ¢nd six mgnlh's expenditure. The trustees Consider Ihal reserves 01 this level will ensure that, in Ihg event ol a $19nili¢anl drop in funding, they will be ablg lo continue Ihe charity's ¢urrenl adNilies while consideration is given lo ways in which additional fvnds may be raised. This level ol reserve5 has been maintained throughoul Ihg y9ar. 8tructur•, govemanc• and managamont Th8 charity Is a company Ilmitad by guarant8è and thè gDvèmlng document Is the Artlclés and M8m(wandum of Assoaatlon. Thg Iruslees, who are al80 the directors lor the purposg of company law, and who Served during year and up lo the dale ol signature ol the financial statements were.. Ir A 8illlngham Irs N 8illingharn IChairp8rsonl Irs S Hampton Mr S Scrfv8n Ms G Leno Ir M Blllingham liss S 8illirvJham (Resigned 12 September 20251 Recruilmenl and appointmonl ortnislees The recruilrnenl and appoinlmenl of new Iruslees, when 8ppli¢able. follows the established proTrdures as lor a new errployees. The Irusle9s, Mr8 N Bllllngham 88 Chalrperson manage th8 ch8rlly, Mrs A Sayer, Ihe CEO, h88 d8y-lo-day control of th8 managernenl of the charrty. Trustees are not remuneralod, and 8r8 responslble lor selling the rernunerallon of key magement personal, Funds held as CustodSan Trusteo Funds belonging to residents are maintained in a separate bank accounts and regularly reconciled. Audltor In accordanca wilh thè company's articles. a rèsolulion proposing thal BK Plus Audil Limitad raappointad as auditor ol tha company will be put at a Generdl Meeting.
HALAS HOMES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 The Irusle&$' raport was approved by the Board of Tru818es. fvlrs N 8illin9ham (Chairperson) Trusteo 30 September 2025
HALAS HOMES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Th8 Irust88s, who are also th8 directors ol Hala5 Hotn85 lor th8 purpos8 ol cornpany law, are r8sponiible for preparing th8 TrLJStees' Report and the financial slalement5 in aCcordce with appli¢8ble law and United Kingdom Accounting St8ndards ILJnited Kingdom G8narally A¢Pl0d A¢cguntin9 Praclicel. Company law requires the trustees lo prepare linancial statements lor each financial year which give a true and lair view ol the slate of affairs ol the charity and of the incoming resources and application of resources, including the income and expenditure, ol the charitable oompany for that year. In pi8paring these financial statetn8nts. the trustees are 18quir8d lo select suitable accounting policies and then apply them con51Stently,' observe the rnelhods and principles in the Charities SORP.. make judg8rn11Iils and asliiTialds that are r&asoiiablv and prudent.. state whether applleable UK Accounting Standards havè b88n followéd. subl•ct to any rnat8rial d•partur•s dlsclosed and ¢xplained in the financial stalomonts., and prepare th8 financial 51at8tn8n15 on the going concern basi$ unlèss 11 is inappropdata lo presum8 Ihal Ihe charlly will Continue in operation. The trusleèg ar8 responsible for keeplng adequate accountlng rÈ¢ord$ that dis¢lose wilh rèasonablè 8¢cura¢y 81 any me the finaneial pts$ilion ol tha charity and enable them to ensurè that thè financial slatani8nts eomply with tho Compani8$ Ael 2006. Th8y are also responsibl8 for sa18 Juardlng th& assets ol th8 charlty and henctr for taklng r8asonabl8 steps tor th8 pr8v8ntion and dele¢tion of fraud and other irr&gul8rlties.
HALAS HOMES INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HALAS HOMES Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol Halas Homgs Iihe'charity'l for the ye81 anded 30 Sepl8rnb8r 2024 which compri88 th8 Stat8menl of financisl activi1188, th8 balance sheet, th8 Stat&m8nt of cash flows and not•s to the financial slatements, induding significanl a¢¢ounling policies. The financial reporting framework th81 has been applied In their prgpar81ion is applicabb18w and Uniled Kingdom Accounting Siandardg. including Financial Reporting Slandaid 102 The Financial Reporting Standard applicable in tha UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradi¢el. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 30 Sep18mber 2024 and ol its incoming resoLJr¢es and application ol resources, lor the year then ended: havg b&8n prop8rly preparad In accordance with Unlled Klngdom Generally Ace8pled Accounllng Practl¢,' and hav& been prapared in a¢¢crd8nce with Ihts requir&mgnts of th& Compani68 A¢1 2006. Basis for opinlon We conducted our audrt in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our rgsponsibililitrs und9r thosg standards are lurthgr dgs¢ribgd in tho Audilors r&sponsibililies for th$ au(lil of the finon¢i&l stalgments section ol our report. We are independent of the charity in accordanco with the ethical requir8m8nts that are rèlevant to our audit ol the linanc4al statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other elhi¢al responsibilili8s in accordancg wilh these rgquiremenls. We beligve that the audit evidence we have obtained 1$ sufficient arNJ appropriate lo provide a ba515 lor our opinion. Con¢lu81on$ r•latlng to golng ¢¢n¢¢m In audrting Ihe financial statements, we have concluded that the truslee5' Use of the going concem basis ol accounting in the pr8paration of Ihe financial stat8m8nls Is appioprialo. Based on tl work we h8ve perfomed, we have not identified any m8teri81 un¢ertainlies rèlating lo events or conditions that, individually or colleclivoly, may cast significant doubt on the charity's abilbty lo continug as a 90ing conc•rn for • period of ai least twelve months fr(Yn when the financial statements arè authorised for issuè. Our responsiblli118s and tha r8sponsibillli8s ol th• trustées wllh r8sp8Ct to golng concern ¥8 d•scrlb&J In th8 rol•vanl sèctions of this report. othar Infomiatlon Th8 olh#r Inlormallon comprls#s thè Infomation includ#d in th* annual rtrport othèr than lh# financlal stalemants and our auditor's report Ihereon. The trustees are responslble for the othèr informalion ¢ontainÉd within the annual report. Our opinlon on the financial slaternenls does rrf)I cov8r the othtsr information and we do not expi8s5 any form of assurance conclusion ther8on. Our responsibility is to read the othtrr information and, in dolng so, considtrr whtrther thtr other infomiatior) is materially inconlistenl Mth the Ilnancial statements or oijr knov41edg? oht)ined in the rourse ollhe audlt, nr otheNiise appoars lo b• materially misstated. If wè Idenlily such materlal inconsislenci8s or apparent rnal8ri81 rnisslatom&nls, ar8 required to determing wh8ther thi5 giv#5 rise lo a mat8rial mis51at8rn8nl in the financial stat8m8nts th8mselves. If, bas8d on the work we have performed, we conclude thal there is a materi81 miss18ternent of this other inforrnation, w8 are required to r¥port that fact. We have nothing to report in this regard. Mattern on which we are required to report by ex¢eplion We have nothing to report In respect of the Idlowing matters in r8lalSon to whlch th8 Chariil•s (Accounts and Raportsl Regulations 2008 iequiies u5 to report lo you if, in our opinion". Ihg Inlom)aWon slven In Ihe fln8n¢lal siaigmgnts Is Inconslsient In any maigrlal r8spact wSth 1he irusr99s' repon,. or sufficienl a¢counting records have not been kept,. or Ihe fin8noal statements are not in agreemeni with the accounting re¢ords- or we have not received all the information and explanations we require forour audit.
HALAS HOMES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HALAS HOMES ResponslbllStles of trustees As exp18ined more full. in the slalemenl of trustees, responsibilities. th& trustees, who aro al80 the diro¢lors ol tha charity ltyr the purpos8 of company law. ar8 r8Bponsit)18 for th8 preparation of th8 financial statem8nl8 and for b8ing salisfied that they oive a true and lair view, and for such internal ¢ontrol as the trustees determine is ne$sarY tts enable the prep8r8tion of financi81 slalemenls that ai8 free from rnalerial mis61alew8nl. whether due to fraud 01 erior. IN pieparing the financi31 statements, the trustees are respcnsible for assessing the charity's ability to continue as a going concem, disclosing, as ppli¢able, mallers reloled lo going ¢on¢ern and using the going concern basis of a¢¢ounling unless the trustees erther inlend lo liquidate Ihe charrtable company or10 ¢88$8 tsperalions. or have oo realistic allernalive but lo do 80. Audltor's responslbllltles for the audlt of the Ilnanelal statements We have been appointed as auditor under sIlDn 144 01 the charitS Act 2011 and report in accordance with the Act and relevant regulations mede or having effect Ihereunder. Our objecb'ves are lo obtain reasonable assurance aboul whether Ihg fi'nancial slatetll8nts as a whole are fro0 fro ma18rial misstatement, whelher due to fraud or errar. and lo issue an auditorfs report that includes our opinion. Reasonable assuran-e is a high lev910l as$uran¢o but is not ¥ guarantgs Ihal an audit ¢ondu¢l$d in a¢¢ordanc¥ with ISAS IUKI will aayS dotg¢t a Tnaterial mi53talement il exist5. Mi33tatementS Gan arise frarn fraud or error and are Gon5idered rnalerial if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions ol users taken on the basis ol the$$ financial slalomgnls. Irregularities, including fraud, are inStanS ol non•COrn lance wth laws and regulations. INe des19n procedures in line wi our r¢spon$ibilitigs. ouuingd abovo. lo d9te¢t malgrial misslalgm9nls in rgspg¢1 ol irrègularili$$, in¢ludin9 Iroud. The gxlgnl lo vihich our procedures are capab18 01 d8tecting irregularities, including fraud. is detailed below, From the prelirninary ol the audit, ¢nsurg our understsnding ol th$ enlily is up lo dalg. fhis in¢ludgs. bul 1$ nut lirniled lo, CUent knowledge of their aclivilie5, the business and Gontrol environrnent3, anij their cornpliance witr the applicable legal gnd regulatory frameworks. This inlormab'on supports our risk identilicalion and the subsequent design ol audit procedures to miligalg Ihosg risks,. gnsuring that the audit evidgnce obtained 1$ $uffi¢ienl and appropiialg lo Suppori tsur opinion, In re$pon$e lo the risk$ identified. $pe¢ifiG lo this enlily, ¥Ye designed procedures whith included. bul were nol limrted lo.. Enquiry ol managernent those charged with governance around actual and potential litigation and cl81rn8', Rgvlewlng mlnth¢s of mtrelngs of Ihose chorgg¢ wllh gov¥rnan¢¢, If ovallablg., Reviewing finala1 slalemenl disc105ures and 1gs1ing lo supporb'ng dooJmentalion lo assess wmpliancg wrth applicable laws and regulations., Audillng thè rlsk ol managemant ovèrridg ol ¢ontrol$, in¢ludlng through lastlng lourn$l •ntrl8s and oth8r adlustmants for appropriaterSS, and evelualing Ihe bu8in885 ralionale for 5ignilicanl tran5aclion8 outside Ihg norrnal course of busine¥J. further des¢riplion ol OLJr responsibilities is gvgilable on the Financial Reporting Council'5 website at.. https."IhNww.Irc.org.uklauditorsrèsponsibilitias. This dascription forms part of OLK auditor's r8POrt.
HALAS HOMES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HALAS HOMES U59 of our r¢port This report is mad& solgly lo the charity's trustees, as a body. in accordance with Part 4 01 the Charthes IAc¢ounls and R8POrt81 R8gulations 2008. Our audit work has been undertak8n so that W8 might state to th& charity 8 trustees tho88 matters ie are required to state to them in an auditor's report and for no otr purpose. To the fulbst extent permilled by law, we rlc> not a¢cepl or assume responsibilty lo anyone olhei than 1h8 charity and Ihe charity's tru$l898 as 8 body. for our audit work for this report, or for the opinions vie have formed. Andrew Wllllams FCCA (Senlor Statutory Audltorl For and on bohalf of BK Plus Audlt Llmlt 30 September 2025 Azzurrl House Walsall Road Aldridge Walsall England WS9 ORB
HALAS HOMES STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unr•stri¢tsd Restri¢t•d funds funds 2024 2024 Total Unro8tri¢tsd Re8tri¢ld fund8 funds 2023 2023 Total 2024 2023 Notes Incom• from= Donations and legacies Chari18blè 8clivth$s Invaslments 47.764 2,139.256 568 91,800 139,564 2,139,256 568 31,570 1,737,469 3,501 163,900 195.470 1,737.469 3,501 Tatl ificofft• 2,187.588 91,800 2,279,388 1.772,540 163,900 1,936.440 Expendllure on= Charitable activ.e5 Other expenditure 2,084.669 11,4221 91,699 2,176,368 11,4221 1.954.456 14101 121,326 2,075,782 14101 11 Total expenditur• 2,083 247 91,699 2,174,946 1,954,046 121.326 2.075,372 N•t Incomell8xpondltur•l and movèmont In lunds 104,341 101 104,442 1181,5061 42,574 1138,9321 R•conelllatlon of funds.. Fund balances al 1 Ociober 2023 2,023.926 56,072 2,079,998 2,205,432 13,498 2,218,930 Fund balanc•• at 30 Sèptèmbar 2024 2,128.287 56,173 2,184,440 2,023.926 56,072 2.079.998 The stal8m•nl of finanel818cllvi1189 Ineludes 811 gain8 and losses ré¢ognls6d Sn the year. All In¢eme and expenditure dèrfwe from continuing a¢livilles. The sialemenl of financial 8ctivities 8150 complies with ttre requirements for On income and expenditure account under the Cotnpanigs Acl 2006. The notes on pages 14 10 22 lomi part ol thesè financial st8temÈnts.
HALAS HOMES BALANCE SHEET AS A T 30 SEPTEMBER 2024 2024 2023 Not9¥ FlxÈd 8gse18 Tangib18 asse18 13 2,113,461 2,060,(YJ1 Currènt a88•t8 Debtors Cash at bank and In hand 14 80.721 91,843 149,537 116.846 172,564 266.383 Cr•dilor8= amount$ f811ing du• within on• y•ar 15 1101,5851 1246,4761 N•t curmnl a860ts 70,979 19,7 Total as8•ts1•88 currnnl Ilabllltl•s 2,184,440 2,079.998 Thg funds of th• ¢hgrlly Rcstriclod incomo funds Unresiricled funds 17 18 56,173 2,128,267 56.072 2.023,926 2,184,440 2,079.998 The notes on pages 14 10 22 fomi part of these financial statements. Th8 company is enlilled lo the exemption from the audit requirem8nl contained in section 477 01 the Companies Act 2006, lor the year ended 30 September 2024. Th8 dir•ctors acknowl&Yg• théir responsibi1th. lor complying with th8 requir8monts of th6 Companles Act 2006 wlth r8sp8cI lo aecounlng Mcords and th8 pr8parallon of Ilnandal stat8mènts. The members have not required the Cornpany lo obtain an audit of its financi81 $18lemenls under the requirements of the Compani85 Act 2006, lor the year in question in accordance with seth'on 476. These financial 51alernenls have teen prepared in accordan with the provisions applicable lo cornpanies subject lo the small ¢ornpgnies re91ff. The financial statements wore approved by the truslètrs on 30 September 2025 Nlr5 N Billingharn IChairper50nl Tru8t•• Company regislrallon number 02236170 (England and W81esl
HALAS HOMES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEAIBER 2024 2024 2023 Notss Cash flows from operatlng actlvltl•s Cash generalgd fromllabsorbed by) operation 22 39,483 1278,2951 Inve8tlng aetSvltles Purchase ol tangible fiyed asset Proceeds from disposal ol tangible fixed ass8ts 166,4761 1,422 568 410 3.501 Investment income rèceived N•t cash Iujod In>lg•n•rated from Inv•Jtlng actlvltles 164,4861 3.911 N•t cash g•n•ratèd from financlng actlvltlos N•t d•¢r•a$• In ¢a8h and cash equlval•nt8 125,0031 1274.3841 Cash and cash equival&nls al baginnlng ol year 116,846 391.230 Cash and ¢a$h equS¥01g111$ al ond ol yoar 91,843 116,848 Th8 nolas on pag8s 14 to 22 fomi part ol Ih8se financial stat8mants. 10-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Halas Homes is a private company limi18d by guarant88 Sncorporat8d in England and Wales. The r•gisler8d offic8 is Halas Hom•, Wass811 Road. Halesowan, Wast Mldlands, B63 4JX. Unltwj .gdOM. 1.1 Basis of preparation Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's gov&rning doeLJm8nt, the Comp3ni8s Aet 2006, FRS 102'The Finanu81 Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP 'Accounling and R8FOrting LTry Charilies.. Slat8ment ol Recornmended Practice applicable to charities preparing Ihair accounts in accordance wilh the Financial Reporting Standard appIabl& In th8 UK and R8publle ol118land IFRS 1021" The eharbly is a Publ1¢ Ben8fil Entity as defined by FRS 102. The financial slalements are prepared in 51erfing. which is the functional currency ol the charity. Monetary amounts in Ih9sa financial stAlamants *a round&d to thè nearest £. The financial stalements have been prepared under the historical cost convenlion, modified to Include the revaluation ol freehold propertiès and to include Inveslrnenl propertios and ctsrtain linan¢i81 instruments al lair value, Thé principal accounting polici8s adopted are set out below. 1.2 Golng ¢on¢¢m Al the Iirne of approving the financial slalernenls, the Iruslees have a r8?sonab18 expeclats'on that the Ghaiity has adequate resources to continLJe In operational existence tor the toreseeable lulure. Thus the trustees COnne to adopt th8 g¢ing concern b8sis ol accounting in prep8ring the financk91 slalamenls. Th8 Trusl808 b81i8v8 that the golng conc&m basis is appropriat• after r•ii•w ol historical finanaal inlormallon showlng pmllts and poslti'18 cash flows. Th8 balance sheet Is currèntly In a positive nat assèt and currant net asset posltlon. Future forecast5 show profits and posllive cosh flcw. 1.3 Charllabl• fundy Unr8slrl¢l8d funds ar8 avallable lor use 81 the dlscrellon of thè Iruslees In further8nc8 of Ih8Sr thari18blé oble¢tlv&s. Restricted fund5 are subject to specffic conditions by donors or grantors as to how they may be used. The purposes and ustrs ol th¢ ro$lri¢lgd funds arg sel out in tho n(11os 1¢ Ihg linanoal SWl¢rngnls. Endowment funds are subjecl lo specific conditions by donors that the capital musl be maintained by the charity. 1.4 Incorne Income is recognised when the charity is leg8lly entilled lo it after any performance conditions hove been mel. the amounts can b8 1)easured reliably, and il is prob8ble th81 incomg will b8 r$¢trived. Cash donations are recognised on receipt. OthEr don•tlons are re¢ognlsed once the charity has been notified of Ihe donation, unless pèrforrllance conditions require defèrral of tre amount, Income lax recoverable in relats'on to donations received under Gift Aid or deeds of covenant Is recognised al the time ol the donation. Lggaci8s ar8 recogni58d on r8CelPt or otherwise if the charity has b88n notified of an impending distribution. Ih amounl is known. and receipt is expe¢¢ed. If the amount is not known, Ihp legacy is treated as a conlingenl asset. Gifts in kid donated for dislrbutions are included at valuation and recognised as income when Ihey are distribuled to Ihe projects. Gifts donated lor resale are inclucled as income when they are sold. Donated facilities are included al Ihe value lo the chanly where this can be quanlilied and a third party bearing the cost. 11
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 A¢¢ounting policies Icontinutdl The ch8rity re¢e1ves government gr8nt$ in re8pe¢t of care provided to residents. In¢ome from government and Other grants are iecognised al lair value when the charity has enlitlemenl after any performance condiiions have been mel it Is probable that the income will bè recelved and the amount (2n be measured rèliably. If entltlement is not met then these amounts are d8ferred. No amount is indudad in thè flnancial statemènts lor volunta6r tSme Sn Ilna wllh thé SORP. 1.5 Expendlture All exjendilure is accounted for on an acoruals basis and has been classified under headings that aggregate all costs re181ed lo the category Where costs ¢8nnol be direclly allribuled lo particular headings they h8ve been 811oc81ed lo activities on a basis con81Bl8nl with use of lh8 r8sourc88. Pr8miS88 ov8rheads have b88n allocat on a floor ar8a basis Bnd other overheads have been allocated on the basis of the heBd count. Fund.r8lsing cc)519 are trose Incurred in seeklng voluntary contributions and do not include the costs of dI5seminalSng information In 5U?PDrt of the charitable activitie5. Support costs are those costs incurred direclly In support of 8XP8ndiiure on th8 obl8Cts ol th8 charily and Include project manag8rn8nl carr18d out at H8adquart8rs. Manag&m8nl and adminisiralion costs are those incurred in connection with adminislralion of the charity and Gornpliance wilh conslitulional and statutory requirements. Irrecoverable VAT is ch8rged 85 an expense again51 the activity lor which expenditure arose. Granls payable ID Ihbrd parti95 are within the charilable objeclives. Wherg unconditional grants are offered, Ihls Is accrue¢J a5 soon as the recipient 15 notified of the grant, as this gives rise lo a reasonable expectation that the recipient will r8C8iV8 the grants. Where giants ai8 conditional relating to p8rformaico Ih8n th8 grant is cnly accruèd when any unfulllled conditlons ar8 oulsldè ol the control ol thè charlty. 1.8 Tanglblg flxgd a559ts Tanglbl8 flxed assèts are InlallY measured al 81 and $ubsequ8nly measur8d al ¢e$l or valuation, nèl ol depr•cl8tion and any impairm8nl10sses. Depreciation is recognised 50 as lo write off the c051 or valuation of assets less their residual values over treir useful livgs on lh followin9 bases". Freehold land and buildings Fixtures and ffiltings Molor vehicles Not depreciated 12.5Vo lo 25Qk straight line 25U/o slraighl line The gain or loss arising on Ihg disposal of an asset 15 delerrnined as Ihe difference betwggn Ihg 5alg pioTheds and carrying value of the a5sel, and 15 recognised in nel incomellexpenditvrel for the year. No depreci¥tion i% provided on fr##hold prowriy #s In tho opinion of th Irusl##s th•r# has btren incr#8s¥ in the valLJe between the date of purchase and the balance Sheet date. FRS102 requi$ thai each class ol tarYJible Iixed ass8t Is ollhttr rtrvalutrd rtrgularly or not at all. Th# pollcy thal has been adopted 15 not to revalue in the fuiure. Th8 CD5t of rninor addilion5 or those c05ling below £500 are not capitali58d. 12-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 A¢¢ounting policies Icontinutdl 1.7 Imputrmont of f0d thssèts Al each reporting end date, the charity reviews the carrying amounls of its tsngible assels to determine whether there is any indication that those assets have sufferocl an impairment loss. 11 any such indi¢alion gxists. Ihe woverablg amount ol the aet is e5tirnated in order to delerrnine the exlenl of the impaimient Ios5 lif any!. 1.8 Cash and cash equlvalents Cash and cash equivalents Include rash in hand, dep05115 hdd al call with bank5, other short-lerm liqvid InveStents with original maturities r)f three months or less. and bank overdrafts. Bank overdrafts are shown within borrawings in curr8nl liabilits'8S. 1.9 Fln¥n¢lal In$trumont$ The charity has elecled lo apply the provisions of Section 11 'Basic Financial Inslrum8nts' and S8clion 12'0ther Financial Inslrurnenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions ol Ihe instrumfjnt. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the reeognised 8mounls and there is an intention to seitle on a net basis or to realise the 88881 and stillè the liablity Simultaneously. Baslc flnanclal •ss•ts Basic financial assets, which include debtor5 and cash and bank balance5, are inili8lly measured al Iran58ction price induding transaction costs and are subs•quenlly carried at amortis•d cost using th8 eff8cliv8 inl8r8st rnelhod unl858 th8 arrang8menl conslltulés a Ilnancing Iransactlon, wh8r8 th8 Iransaction is m8asur8d al the pr8sant value of th8 future rècèipts diseountèd ai a markèt ra¢8 of Int•rè$t, Financial assèts classifièd as r8eelvablè within on• yèar ara not amortId. Baslc flnanclal Ilabllltlgs Basic linancial liabilities, including credilors and bank108ns are initially recognised gt transaction price unless the arrangement conslilules a financing Ir8n8a¢lion, wher8 the dobl in8lrum8nl is measured al tha pres&nl value ol the future payments discounlad at a market rale ol interest. Financial liabilities classified as payabla within on8 year ar8 not amortised. Debt instruments are subsequently carried al arnortised cost, using the effective interest rate methixl. Trad¥ crE>dilors are) ubligalions lo pay for yoods or ¥t)IViLeS Ihai Iiavtt b¢11 aLqui18d in the ordinary course ol operdtions Irom suppliers. Amounts parfable are ckssilied as Current lidtiililies il payment is due wbthin Dne year or less. If not, they are presented as non-currenl li8bililies. Trade Crelilors are recognised initially al transaction pri¢e and subsequently rneasured al amortlged cost using the effective inleresl rnelhod. Derecognilion of financial liabilities Financial liabililies are derecognised when the charity's contractual obligation5 expire or are discharged or cancelled. 1.10 Employee benefits The CDSI of any unused holiday enlillgmenl 1$ recognisod in Ihg poriod in which the gmployee's 8grvicgs are rec8ivgd. Teminalion benefits are recognised immediately as an expense when Ihe ¢harity is demonstrably committed to lertninale the etnploymenl of 8n employee or io provide leitninalion b8nelils. 13-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 A¢¢ounting policies Icontinutdl 1.11 Retir•mènt bènèfits Paymenls lo delMed contr1ttIOn retirement benefit schemes are charged as gn expense as they fall due. 1.12 Gov•rnmènt 9rint$ Grants, where enlillemenl is not oonditlDnal on the delivery Df a specific performance by the charity, are e0gnised 1.13 Provisions Provisions are recognised Nkihen the charily has an obligation al the balance shcol date as a result of a pa51 event, it 15 probublv that an oufflow ol oconomic b?nefit8 will be ro4uir&d In 3e¢llefflent and Ihe arDount can be religbly eslitnaled, Crltl¢al accountlng &$tlmate$ and ludggm9nts In the applieotion of the ¢h•rlty'$ 8cet>unting polieios, th6 trustees are r•qulr•d to make judgernnls. èslimaleg and assumptions abcut carrying amount of ass•15 and liabilitl8s Ihal ar8 not readily appar8nl from oth•r sourc8s. Th8 8stlmatas and assocla18d assumpllons ar8 bas8d on hlstorlcal exp8rtancé and othèr factors that are consld8red to be relevant. Actual results may diffèr from these 861im81*s, Th8 8sllmat8s and und8rfylnq assumptions ar8 r•vl8W8d on an ongolnq basls. Revlslons to accountlno 8slimat8s ar8 recogni5ed in the period in which the estimate is revised where the revisBJn affects only th81 period, or in the period or th8 revision and futur8 p8riods where the i•vision affects both current and future pèriods. Th8re are no critical accounting eslirnales or judgements in the period. In¢om• from donatlons and1gua¢l•$ Unre6tricted Restricted fundg funds 2024 2024 Total Unrestricted Restricted funds fundg 2023 2023 Total 2024 2023 Donations ond grfls Grants 46.750 1.014 46,750 92,814 31,570 12,500 151,400 44.070 151,400 91,600 47.764 91,800 139,564 31,570 163,900 195,470 14-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Income from clwrltable actlvltles Unréstrieted nds 2024 UnroJtri¢tod fund$ 2023 CharStable Income Incoming resource5 frorn charitable activities 2, 139,256 1,737.469 In¢ome from inve$tments Unrestrlcted Unrestrlcted funds lunds 2023 2024 Inloresl recgivable 568 3,501 Expèndlturo on ¢harltabl• a¢tlvltl•s Charltabl• •xp4ndlturtr 2024 Charltabl• •xpèndltur• 2023 Dlr•ct CO8ts Staff eosls DepreGialion and impairrn¥nl FDrxl. toiletries and cleaning Welfare expendilure Cleaning and miscellaneous 8xpen8è8 Resideni oxpen80S Day ntrtr actimlies Propety & equipment maintenance f?rant p.xppndiliirp. 1.681.079 13,107 112,097 33,51 S 29,446 1,52J,3e>O 10.985 102.138 28,555 5.426 16,876 19,237 84,748 9.769 81.209 1,960,606 1,840,936 8harn of support and gov?rnanc¥ costs (see not• 71 SppOrt Govgrnance 180,633 35,129 187,228 47.618 2,176,368 2,075,782 An•tyxi$ by fund Unrestricted funds Restricted funds 2.084,669 91.699 1.954,456 121,326 2,176.368 2,075,782 15-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Expenditure on ¢haritablg a¢tiviti08 Icontinutdl Grant expenditure lateS to resources exp8nded, from restri¢ted funds, for activitie$ 8nd project for the ch8ri1ies beneficianes. Suppr•rt ¢o$t$ ollo¢atgd to a¢tlvltl¢$ Charitablè gxpendlturo 2024 Total 2023 Rcnt Ratès Light and heal T8lephon8, postag8 and siatlonary In5uranoe Bad and doubllul debts Admln costs Gov•rnanc• 8,668 11,502 99,099 16,243 24,079 1,050 19,991 3S,129 6.577 6.296 78,718 15,449 16.255 13,302 50.631 47.618 21 S,761 234.846 2024 2023 Gov•rnanc• costs comprl8•'. Audit lees Lègal and proltS8lona1 Share of support cosls 12.600 19.117 3,412 12.(lJO 30,426 5.192 35.129 47.618 Governance cosls include paytnents lo the aud((or5 of £8,82012023- £8,400) for audit lees and accountancy lees of £3,78012023 £3,600), Nel movernent in funds 21124 2023 Tha nel mDvemenl in funds is slated after chargingllcredilingl.. Fees payable lor the audit ol the eharilv's linaneial statements Depreciation ol owned tangible fixed assets Profit on dlsposal of tangible fix8d assets 12,600 13,106 11,4221 12.[ 10,985 14101 16-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Trustees None of the trustses lor 8ny per$on$ conneoted knryth them) re¢eived eny remuner8lion tsr benefits from the ¢h8rity during the year. Trustees, Indemnlly insurance of £3,412 was pald durlng tre year12023- £5.1921. K•y m8nagèm•nt p•rsonn•l r•mun•ratlon The total amount of employee benefits received by key rnana9ement peisDnnel is £75,55912023- £77,077). The charity considers its key managefflent personnel are those persons having authority anLI responsibility lo vole for signilicanl decisions of Ihe charity. Employ•oS 10 The average monthly nurnber of employee5 during the year w88.. 2024 Number 2023 Number SupgNi89ry and dome81ic staff Klana9emenl and administration 68 13 14 Total 78 81 Employment ¢osls 2024 2023 Wages and salarles Social securily costs Other pension costs 1,536,562 111.768 32,749 1.382,645 105.264 35,451 1.681,079 1.523,360 Th& number of wnploy88s %vhos8 annual remuneration was more than £60,000 Is as follows.. 2024 Numbgr 2023 Numbor £60.000-£70,000 11 Other expendlture Unr•5tr1¢tod Unro$trlctgd funds lunds 2024 2023 Nel loss on disposal of tangible lixed assets 11,422) 14101 17-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 12 Taxatlon As 8 ¢h8rity, H8188 Homes is exempt from t8x on income and g8in8 in 8c¢ord8n¢e with 8e¢tion$ 466 to 493 of the Corporation Tax Act 2010 and section 256 01 the Taxation of Chargeable Gains Act 1992, to the extent Ihal the incomè and gains are arplied to ILS charitable objects. No lax tharges have thereforè arls&n in the charity. 13 Tanglble fixed assets FrhOld land and bulldlng8 Flxtur•x and Mtsknrvèhltlaa Iltllnge Taial Cost or valuation At 1 October 2023 Additions Dlsptssal8 2,033,688 217,135 66,476 102,954 2,353,977 fj6.476 130,3311 130,3311 At 30 S8plomber 2024 2,033.688 283,611 72,623 2,390,122 D•pr•elatlon and Impalrm•nt Al 1 October 2023 Depreciation charged in the year Elirninaled in re5peGt ol di$Fosal$ 190,932 13,106 102,954 293.886 13.106 130,3311 130,3311 At 30 September 2024 204,038 72,623 276.881 Carrying amount At 30 September 2024 2,033,888 79,573 2,113,461 AI 30 S8plember 2023 2,033,888 26,203 2,060.CYa I Land and buildings with a carying amount of £2,033,888 were revalued at 30 September 2D22 by the trustee5. Thls ¥aluaiion was based on the local knovAedge ol property prtces In the surroundlng area. AI 30 Septtrmber 2024, had the r&valued assets bèèn carrled at hlstorlc eost18ss accumulated dtrpreeiatlon and accumulated impairrnenl losses, Iheir Carrying amount would have been apprDximalely £1,758.27S12023- È1,758.2751. The revaluation surplus is disc105ed in note 11, 14 Debtors 21124 2023 Amounts falllng duo wlthln ona ygar.. Tra(Je debtors Other debtors Prep8yment8 and accrued income 75,550 4,196 975 148,537 80,721 149,537 18-
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 15 Credllors.. amounts falllng due wlthSn one year 2024 2023 Other taxation 8nd social 8ecurily Trade creditors Other creditors Accruals and deferred Incon)e 22,Q57 55,286 7,720 28.888 50,701 127,752 101.585 246,478 Retirement benefv"t Schernes 2024 2023 D•llned ¢ontrlbutlon $¢h9mOS Charge to profit or loss in resped ol defined ¢ontribulion schemes 32.749 35.451 The charity opgrate3 a d8firEd contribution Pensi scheme for all qualifying emplo'/ee8, The as15 gf Ih? scheme are held separately Irom those of the charity in an independently adrninislered lund. 19-
f O Ln 111 000 O CD ID
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 18 Unrestrlcted funds The unre8tri¢ted lunds of the charity ¢ompri$e ihe unexpended b818nce$ of dtsn8tion8 and gr8nt8 which 8re not 8ubje¢t to specific condibons by donors and grantors as to how they Nay be used. These irude designated funds which have beèn sèt aside out ol unrestrlcted funds by the trustees for specllic purposes. At 1 October 2023 Incornlng resources Resources expended Transfers At30 September 2024 General funds 2,023.926 2,187,588 12,083,2471 2,128,267 Previous year: At 1 October 2022 Incorning resources ReBources oxpendod Transfer At30 Sept•mb•r 2023 Supportéd Ilvlng custodlan fund Residenls custodian fund Gener81 fund5 48.258 40,810 2,116,364 148,2581 14Q.8101 89,068 1,772,540 11.954,0461 2,023,928 2.205.432 1.772.540 11,954.0461 2.023,926 19 AnAlysl$ of not a$strt8 b•lwèèn lund8 Unr•$tri¢¢od lund8 2024 R•8tri¢tsd funds 21124 Total 2024 At 30 S•pt•mb•r 2024: Tangible assets Current assetsllliabililiesl 2,113,461 14,806 2.113.461 70,979 56.173 2,128,267 56,173 2,184.440 Unrostrl¢tsd funds 2023 R•$trf¢tsd funds 2023 Total 2023 At 30 Sgpl¢mb*r 2023: Tangible 3Sse15 Currenl assetsllliabilitiesl 2,060,091 136,1651 2,060,091 19,W7 56.072 2,023.926 56,072 2,079,998 21
HALAS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 20 Operatlng leg49e commltments Lessor Al the reportlng ènd dat• the charlly had outstanding comrnltm8nts lor fuluro rninlmum l•ase paym•nts under non-cancellable op8raling leas88, which fall du8 as follows.. 21124 2023 Withln on8 yaar Between and five year5 904 903 1,807 1,801 2.711 21 R•lat•d party transactlon8 There were no JLs¢10soble related party iranso¢tlons ¢urlng ihe year12023- none). 22 Cash generated fromllabgurbed by) opeTatlon$ 2024 2023 Surpluslldelicitl for tre year 104,442 1138,9321 Adlustm•nts tor: Inv86trnenl iiicorne recogni98d in st81gwi8nl ol fi'nancial activitie8 Gain on dlsposal ol iangiblè fix8d asselg Depreciation and impairment of tangible fixed assèts 15681 11,4221 13,107 13.5011 14101 10,985 Movement5 Sn worklng capltal.. Iln¢r9as$yde¢roas& in slocks Decreasellincrea5el in debtors IOecrea5el in creditors 68,816 1144.8921 1120,1341 126.8991 Cash generated fromllab5Drbed by) opeTations 39.483 1278,2951 23 Analysls of chang•s Sn n•t funds The charity had no material debt during the year. -22-
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