Ch•rfty rqlstrallon nun*•r702210 Complry r•tytr•tlon number 02422UO (Erf•nd and W•l•J) AcfioN HOMELESS ILEICEsfER) LTD ANNUAL REPORT AND FINANCIAL sfATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024
ACTION HOMELESS (LEICESTER) LTD LEGAL AND ADMINISTRATIVE INFORMATION Thiite•s C Hurst rrreawr•rl D Ireland M Pankhurst A Peaspod J Elsey A P•tel P Panrwr S Blllln8ton (Chalr) C Longnd (AppDlnt•d 30 No¥ember 2023) (fvwolnted 30 November 10231 S•¢r•tsry R MI1$1eY Charlty Nmb•r 702230 Conwany nurnb•r 02422130 Prlndp•l addr•sS Rld8eway House Llttle Hlll Newton Lane ton LE 35E IWl•ternd offl Rld8eway House Llttle Hlll Newton Lane Wl8Ston LE18 3SE Awlltor Thomis Moyfleld BA FCA Mayfteld & Co 2 Ments Court Merfdlan Buslness Parf( Leicester LE19 IPJ Bank• HSBC Sollcllryl Howes Perclydl LLP 3 Tho Osiers Busln•ss Centre Lelce*r LE19 IDX
AcnoN HOMELESS (LEICEsfER) LTD CONTENf5 TnBtees report ststement of trustees responslbllltles Independent audltoV5 r•port 9.11 St*ement of financlil actfvrtles 12-13 Balance sheet 14-15 Statement of cash flow5 16 Notss to the flmndal ststements 17-32
ACTION HOMELESS {LEICEsfER) LTD TRUSTEES REPORT (INCLUDING DIRECTORS, REpoKr) FOR 7HE YEAR ENDED 31 MARCH 2024 The trust••5 presefft thelr annual report and fin•nclil stat•mnts forthe prended 31 March 2024. The accounts ha been prepared In accord•nc• wTth the accountlng polkles set out In note I to the •ccounts and camply wlth the ch•rltsbl• compaThl$ 8overnln8 document the Comppnle8 Act 2006 and "Accountlni and Reportlni Ch•rltl•s: Strtement of RecDmm?nded Practlce appllcable to charltles preparTn8 thelr accounts In accerdano wfth the FIDonclal Reportlng Standard applicable In the UK ind R•puWlc of Ireland IFRS 102)" (as amended for accountln8 perfods commencl from ljanuary 2016) Objaclkn and artl¥ltles Actlon Homeless has r•ferred to the Charfty Commlsslon's 8uldance on publlc benefft when revlevAng tts alm5 and obJ&tlve5 and In plannin8 Fts actlvltlu. In partlcular, the Board of Trustees has conslder•d how the charfVs actl¥ltles have and wlll cantlnue to dellver the aims and obJectlve& thry have seL The vlslon. rdlues and obJecU¥qs of ktlon Hom•l8ss as a8reed the BoArd of Trust••s are as follows. Vblon Actlon Homele Vlslan Isto ensure that no one has to sleep on the streets of Lelcestershlre. O¥ectk We will deloP seNlces to break the •tle of chronic homelessne55 by rk1Th8 toyther wlth our statutory and wlurtary partner6 to IrrfDrnI Influence and ad4r>rat• to help othersto understand the reallues OF homelSn•ss. It 11 dothts trf, . prldIn8 accwlble and Inclusiv• accommodion thtt offer5 dl£nlty• prl¥aLyand safety. PrldIn8 Immedlats. fiIble and practkal wpport whlch relleves feemnqs of fear and vulnerabiifty and meets the Indmdual's neods. . G[vI hl£h qlIty •nd personallsed support throu8h responsT¥• s0Th1 whlch resobR barrfers and help people to navlpt• pjthways and mana80 transltlo • Callln8 for further research to ftll ppg In e41den on the ¢ause5 of homelessness whllgt challengln8 Systerrs hhllihUni rrl•rs and ad¥ctstI lorsolu¢bns. . ChampIonl If¥ed experfence and elev4tin8the rIc•S of people affected ty homele55ne55 and relatad thern49. • C•lllni out preJudlc4 ¢hallen8ln8 Stl8ma. mlsconceptlons and steOtyPIng • EnKagln8 wldely. seekln8 Out p3Mer5hlp5 which wlll delIrI better for eradlcatini howole55nes Everne ha5 th• rl8ht to Ifve as Independently as pos51ble and wlll do evèrythlng we can to ensure people affected by homelessne5$ achleve and malntsln th[& Those affected by homole5snass have th• potentlal to transfonn their IIv¢5 Hnd w• wlll support them to athle¥e thelr a4)Ir8tlons. EryOne iffetted by homelessne55 has the rf8ht to expect aood standards of 4ccOmndt[0n and we 11 work to ensure that our hou51ni Is of good quallty. EvtryY)ne uslns our servlces has the rltht to halr their Say In how these 5er¥lcas ore run and we 11 work to ensure that they hzv• i volce In the rnnnln8 and developmert of the charftfs artl¥ftles. Our collea8u•s are th• key to our success and we will work to create • culturn that values and supports the people that )rk wlth and for us.
AcnoN HOMELESS (LEICEsfER) LTD TRUSTEES REPORT (INCWDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Th Oparitlry En¥IfffflOTrt The (Mwjlng Impacts of homelessness contlnue to be evldert acr055 th• commUnttl that N£Uon Homele55 serws. Hornelessness affects IndMdua18 and famlll•s In muklple ways• includlng knlcal and mentsl h•lth. educatlonal and empbym•nt opportleS for both •dult5 and thlldren. The congequeftces forthose affected are often loni-term and listlnl. Artlon Homela5s mntlnu•s to wltness the dama8e caw•d by homel•ssw$ through the people It supPts and In th• broader communty tt work5 In. The hou51n8 "crlsls. 111 we are faclng locillyl drt¥en by i lack of •ffordable and accesslbie accommodatlons. resutted in an exponertlal Increase In the number of people presentln8 a5 homde5s In the clty. A record number of famllles arn now IMn8 In temporary accommodatlon oft•n for months on end. The recent W5h to move a>lum seeknrs out ot temporary accommadatlon his also led to a slqnfftcant rf5e In the numbor of r•fv8ees becomln8 homeless-•n Increas• of 400% last year. Once agaln thls year, ktlon Homeless has seen th• number of households approathlng the oryanlsjtlon for asslgtsnce rls•. Last year. we recelv•d b•tbNYen sfx referrals f¢r ewy available bed swca and thls alarmlng trend ¢ontlnu4 and naw d•ts15 needod to fijlty Uwre the xope of th[$ Incrus•. The lack of aff&ble hous115 further compound•d by the complex needs of people experiendni homdessnes% Around half of sln8le Indl¥lduals prnsentlng to PK)mele55ness soThlce5 have support need& Of the4 a quarter hav8 mental health support needs. and Vr20% hav• rnrnpl support needs. rnqulrlng asslstano wlth or morn Isgues. H¢yMlessness In Lekester Lvntlnues to and Actlon Homlesg core m15slon MOVI fomrd wlll be to meet the needs of the mostvUlnerab people who flnd thefflwl wlthout a sif• plice to call hon. A¢Uon Hornele55 Is also belft8 allected by the pressurns caused by Infi•tlon and rfslng Interest rate4 whkh IHve Incrnqsed th• CQ5ts of delIverl our servlces and malntslnln8 properties. Desplte these chall•n8•4 the charlty remalns commltted to bel Llvln8 Wage Foundailon employer and has ImpleTrnted pty Increases to ensure that st•ff can cope wlth the pressures on thelr household budgets. The charfty contlnue5 to help tenants mBna£e and cope wlth flmnclal prE55ures and haj sou8ht fundlng to pThlde this support as outllned In 4)ur achle¥ements. Throwh sound fiscal m•naymenl Actlon Homeless has malntalned a stroryflnanclal porformance, generatlng a cash surplus that fAn relrbvested Into devek)plng senrfces. This ensurns thit the orpnls•tlon remalns financlally strong and iustalnabl•. wlth the rf8ht people and rnsource5 to support Its wo. l. (The local iuthorlly ha5 declir•d 4 housln8 emergency. ifven the shortale of houslni and as the cost (rf hOIng ¢ontlnues to rtstrIp people's ablllty to afford to rerrt or buy a home In the cltyl.
AcfioN HOMELESS (LEICEsfER) LTD TRUSTEES REPORT IINCWDING DIRECTORS, REPORn (coKriNUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢N•vdm•rtJ and porfornmnro Artlon Homele55 now minws 228 unlts of accommodatlon, ofvthlch It awns 64 unlts across 12 propeities. Thls year It rnid• commltment to the purckse 7 prDP•rtles from Rlverde Housin8 Group whkh wlll Incrus• the number of owned unlrs by Artlon Hom•93 hoed 470 Indhidua15 and wq wern ibl• to move 121 people Into more Stab and pemiinent homes. We Jsslsted 200 Indlvldua15 vla our duty desk response Ilne, 137 of whom wer• at Immedlate rlsk of h¢xmele55ness. Our cllents contlnue to be hl8hly satlsfled wlth th• houslng we prkIe wlth 95% of our rnsldents fe•llnB happy and comfortable In thelr currert accommodètlon. A grdnt from the B&Q Foundallon enabled us to contlThue to develop envlrnnments In whlth people feel at home. 94% of the people we support s•ld they felt ithr •bl• to mak£ dedslon5 about thelr pili furth•r relnforclng Actlon Hgmeloss. ObJectI of empowerfng people to contml of thelrown Ifve$. We contlnue to support famllle5 flwlng donwuc vlolence and th1$ y•ar we sUPPOrted 24 chlldren In ternporary accommadatlon thvou8h BBC Ch11 dren In Need fundln& Thanks to fundlng fTr)m Lelcester Clty Councifs tI-PO¥ertY 8rnnt scheme. we were ibl• to dellver bespoP 'Money TrIW wcrkshop5 to 47 peopl4 helplng them to In¢re•9e tholr skllls and knovAed8e around MananI hcusehold bu(ets. Throu8h fvndln8 from the 5•vern Tr•nt Comrnunlty Fund. we ha¥e further dowl(yed En8a8• to offer a communfty IouTrN 121 spac• and Yefreshed garden whlch been uwd by 230 people durfng the course of the yezr. It Is now home to an emeryency food and hy8lene paftty and hosts a llttended pm6rnmrne of events and activftles Includlni a r•8ul•r wamen's wellbeiw WDUP. men's mental health 8roup and ed¥t[On41 workshops. All of thls supports our (llents to develop StnrConneCtIO1u and to makA thelr1ourneytoL4 Independence. This or, Thyj hwe developed our resettlement seNlcLq. desl£natln8 specfflc sUPPOrt to those Indlvlduals are rea to move Into morn Indep•ndent Il¥ln8. In partnershlp wlth Reathlng Pwple and funded by UKSPF. we have dellwdred Morwise Llvln8 servlce which stren8thens the capaclty of our ¢llents who are flnanclally and dl8ltally 1led to manage the cost af Ilvlng. Thls sÉrvlce has been enh•nced by th• wovlslon of 'mo¥ln£ pad& and Other esgentlal household goods madè p955lble by 8Trntsfrom the LelceeG Leice5teh1T9 and Rutknnd Q)mmunTty Foundatl¢)n. DnI the Wlnt•r months. we Increased capacty to protart those at rlsk of vou£h sleeping and offered an addltlonal 5 erneryency beds at Mayneld House. Thls wort whlch vns Jolntly funded by the UK Gavernmnt's Cost of Lfvln8 Fund delred by the Natlon•l Lottery and Lelcester Llty Councll, supported 14 Indfvlduals who would otherwlsa have sl•pt on the street& We also pnJvlded 150 rni pgcks to households Il¥ln8 In temporary accomnxjdatlon thanb tt+ a srnnt from the Natlonal Grld Communlty Fund. Actlon Flomeless contlnue5 to foc It5 reUrceS to Imprtyt seNkes for homeless Irnen, thls yr de¥eloplng Its own c proded 5trnte8y ¢entred on delfverln8 5ervice5 vla a yndered lens. We have also created more opportunlt1•5 than ever before for people with Ilved •xperfence af homelessne$5 to connact wth us and our staknholders to share thelr expertise and •xperlence, th focused'¢onnections weew n(Aw tskln8 pla cffi a quarterly basls. To brnok the of hormIene$S thè Charlty has contInd to develop its servlces to support those wlth the most complex need& Our Houslng Flrst Inklatfve, funded by The Henry Smlth Char]ty. expanded Its proJett workforce by 50Y6. W• rnc•lKed fundlng under the Governmenvs Rough Sloeplng InltlatNe to Support those wlth chronk homeless hlstorks at Florn LDd8e and Stretton Road to make the trnn51tlon from lfvlng on the stmts to more stable accommod&tI(, achlevln8 Improved knls of enp8ement wlth dnJ8 and akohol seThices to support harm r•dtIOTr and recovery. Altopther 86 people were suprKJrted underthese scheme& In partnershlp with the Lelce8tershlrn NHS Partnershlp Trus¢ throu8h our Communlty Thnsltlons Proje¢ ¥R supported 10 peopl• to kwe Inpatlerrt mentsl health SeTh1L back Into the cornmunlty and we helFed 4 of thern mov• onto thelr own home. We contlnued to 0r a lon8•r4erni htyjslng solutlon thrOh our Accommodatlon Plus ar vthlch wtrAdes 84 unlt5 of occomndIt1¢n Includin¥ 9 family h(wne5. W• workèd In pathttshlp with St Mur80's RKo¥ery Cd Lelcester enablln8 16 people to return to fornial tralnln8 or pHld employment •nd a turther 11 ta make pro8ress toward5 Irk. Thts year, Actlon Homeloss achle¥ed Im*stoTr In People Gold accredttstlon In reco8nftlon of Its rk trj dweknp the chirtty's Workfor and to embed a culture vthlch embles Actlon Homeless to achith Its mlssloft.
ACTION HOMELESS (LEICEsfER) LTD TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We %wuld Ilk to 8ive spaclal th4nk8 to all of our thnors. partner& volunta•rs and fundern whow contrlbutlons ha¥e enabled us to malo • slgrbllkant dlfference to I1¥ of our beneficlarle$ and to contlnue In our mlssion ts break the cyde of chronlc homele51n•ss In Lelcester and Lelcestèrshlre. Hnirnl•l revlow The results for the y••rshcMf total Income of £4.541811 an In¢reise of £517,3 on the 2023 Income of £4mS.511. Thls •rnourt Included Restrlcted Fundg of £801I83 and £3,740,928 of Unre#rfcted Funds. Th• total rnsources wended In th• p•r amounted to £3984099, Thts leaves to rert an o¥er•ll surplus of £558,712. Th• surplus Income $ predomlnantly made up from the openln8 of a property eleven cll•nt th• r•op8nlr4 of a refurblshed sev•nwbedroom htyjse In our low sUPPOrt Serv1 and flscal contmls. These fvnds have been relnvegted Intu the Chartty to further5UPPOrt the shtrylc obJecd4w of creatlnl new and IMPrd homes. reser¥es urrfed forward were £4.367.532 of whlch £231.544 were rertrfcted fundk Th1 r•sew wlll be used over number of years and matched ala1 dapreclat•d •mount& Good corporate s0M)n(e cktatss that the chartty malntslns sufflclent unrEStrthd reseNÈs t¢ meet urwected events• Irregular cash flow and contlngendes. Our Unrestrlctsd Funds af £1049.091 art corrsidered suffl•nt to 8chltho thls alm. We al hm £3,086,897 In deswnatsd reser$ vknlch Is rln£ fen¢ed fcrfuture development pl•n$ and to ansure th•rn Is sufflclent fund$ to and mjlntaln our propertle5. Durlngjune 2024 sem properttos Vre purchased from the Rlver51de Gn)up ut111nI £1.145827 of these reser¥es and next btar w• pl•n the refurblshment of 10 Stjarnes T•rrno (M•yNeld Housel wlth in antklpated c05t of up to E9CKI,(KrfJ. Rtterves Pollcy Durlwd the the trustees tr4nslerr•d £675,644 to th• deslgn•ted funds (see below). Thls leav•5 frne unregtrfct•d reseTh to ¢arryforrd of EL049,091. The Charlty owns 12 prwrtles whlch •re ud as soclal housln8 and are dwmed nocelliry In orderto help In the lulfllment of th• Ch•rltrls ObJe£thos. These propertle5 ha i rArrylni value of over£2.6mllllon and these propertles ar• •ss•ntl•l In the delhwery of thrdabl• gocl•l hovsln8. Our Deslinat•d Fund5 now stsnd at £3,086I97 followlni a transfer of £615 644 from Unrestrfcted Funds durlw the year to co4r speclft future e%nts vthlch18 part of th• charlty's strate8ic plannl Our fehOld houslng propertle5 are In the aty of Lekester and wer4 In the rnaln bulft durlng late 181M)5 e•rly 1900$. The propertles have and cortlnue to be malntslned and refurbtshed In accordance wlth le8lslatlon and modern-day stsndards. Our Property Fundls revlewed porfodTc•lly tci ensure that our reserves are sufflclent to m••t antlclpated costs. Followln8 • revlew durfni the y•ar It wis detlded to not mak further adJwtm•Thts thts year and. followlng the aThticipted leilslatlon to addrus cllmate chanse to reJ55ess thls Fund after that le8lslation has been pas8•d. Actlcffi Homele55 hold lease5 of freohold prepertles from private Indlviduals. The terni of thase le•ses varles up to a perk>d of twenwe ar5. The temis of the leases allow for Actlon Homeless to hand back the propertle4 at the •nd of the term to tho Ixner In • "docent homes" standard. Our dllapldatfon Fund makes provlslon forthe Thxjrk that ts needed to bo undertaken at the end of the Term. The fund Is r•thKd annualty and in th15ftnandal year hiv• Incr••sed the Fund ty£10.400. Year on year. the demand for hom•l•uness seNl¢es Is 8rowlN4. Our Charlty's mlsslon Is tc brfn8 in end to hcArdessness In L•lc•5t•rshlre. Belng able to meet as much need as posslble Is vtsl ff we are to fulftl our charftable object1 To brnak the cycle of homelessn•ss must delOP the $eTrrfce5 we provlde, Increas• the propertles use and enter Into 5ts7te81 plrtnershlps wlth the local •uthLirlty and other a8encles. Our developwwrt Fund m•k05 provlskjn for these Increaslng needs. Durln8 th• past par are stlll en¢ounterfn8 Infiatlan thrt not been en for many years and durln8 the next ther• are plans to acqulre se¥•n propertles from The Ri¥r51de Group and to relurblsh Ma¥theld HOe, to allow forthese events we hav• added £621250 to our Devok)pment Fund.
ACTION HOMELESS {LEICEsfER) LTD TRusfEES REPORT (INCWDING DIRECTORS, REPORT) (CONTINUED) FOR DIE YEAR ENDED 31 MARCH 2024 Prln¢lp•l Fundlry Swr Artlon Homeless m•ln sources of Income ¢ontlnue to be r•rt and sepAce charges for the Kcommodation It pravld•s to Indlvlduals (see pale 21). Lelcester aty cn¢11 Homeless Support Contsact Js tha second kr8est source of fundln8 for the charl thls contsct ends In 202ak A rnplacemant contratt under the Governments SINTle Hornelessn•ss Accomndatr0n Prnqrdmme wlll b• •wanled durfng 202412025. Other 5UPPOrt grnnts amount to Q55,500. The Chorlty contlnuw to benefft from the support of comwnles and Indl¥ldu•ls wlth ()ver£30.159 beln8 recehd In donatlons, See note 3 pjy 20. In¥e#mnt Mky The Truste•s. hwln8 re•rd to the Ilquldlty r•qulrenwrts of oporatln8 the Charfty and Its reserves pollLV, hwè opernted a pollc¢ of keepin8 a larye proportlon of Mllable fund5 In Interest bearfn8 deposlt accaurrts where they seek to achlthwe a rate of Interest whlth rrbaxlmlses the r•tum and spreads the rtsk. Where monles are wailable th are not needed to fund Immedlth charltsble actlvltles, the Tnees wlll apwjlnt Investment mana£ers on a dlscretlonary b8s1& A r¢8ulJr revlew of Its Investffnts Is malntsined by the Tnthees wfth Its Advlsor5 and Finance Commlttee, ensurfn8 8ood corpornte savernance rolatlTr8 to martot condltlons. The Trustees acknowledges and ¢vrd50 thelr duty of carn In Kcordanc• wlth the la Chorfty Commluhjn Kuldelln•s and In the best Interests of th• crIty. Rlth Mm•J•mart Th• Truttees ¢on¥nue to eYdluat• the rnar rlsks to whkh the Charty Is exposed and are sitlsfiod that sents are In place to mltl8ate thue rlgks effettlvety. Reco187 th• Importance of rlsk management as a kny •1•rn8nt of 8fftrnance and Internal cortrol, the Trust•es h•ve com[ed a rfsk re8lster to issess 3t. operatlonaL and flnancial r15ks. Rljk managen*nt processes provlde 4 hl8h level of reassurnnce and apply to all aspects of Actlon Homeless. work. Rlsk assessments and rnanwm2nt 4r• Integral t¢ the dalty SPO$1b[l1ts of frorrtllne staff and mana[$.
ACTION HOMELESS (LEICEsfER) LTD TRUSTEES REPORT IINCLUDING DIREcfoRS' REPORTJ (CONTINUEDJ FOR THE YEAR ENDED 31 MARCH 2024 PIM¥forfirtUM perfods The y•8r 2023 math£d the 50th annl¥er5Ary of AttTon Homel•s4 ind th• crlsts of homelessness h•s never been nre acute. The demand for Actlon Homelesg $ervkes has rea¢hed unpr•cedented leve15. Wlth Charlty •ppro•chlng the end of Its vtryear trdteslc pl•n In 2023, the Trustees recounlse the need for adaptatlon and ffiwolutlpn to wntlnue meetlng the needs of those Seek7 help. HNe¥er the Trustaw acknwIed&& thit. 8l¥en the scale of local homelessne4 P£tlon Homele55 can rwlistlcally only support a sm•li proportlon of those affected. Therefore, the nert strat•8y wlll •lm to mulmtse the Charlty's Impa¢ 8hpn Its a¥all•ble resourc•& Artlon Hornele vlsion remalns to ond rOtt sleepln8 In Lelcestershlre by breaklni the crte of homelessness and ensurlns th•tthose wlth thronic historles of homelessne55 flnd and sust•ln homes. In the comln8 year, the Charfty wlll continue Investlng In the da¥ek)pftnt of new ho[nE wthlle ensurfn8 that ft$ exlstln8 attomrnothtl(Jns remaln flexlble. ac$1b1e, and Inclustve. Th•se accommdatlons wlll pr(p4ld• dl8nlty prlvacy, and satsty for reslderts. As part of thls effort Actlan Homeless plans to purchase seven propertles from The Rl¥erslde Group and refurblsh Mawleld HOe. SUPPDrted 8rant from the D•partTrt of Houg1Tr& Communltle¥ Ind Local Grnmen$ SHAP want. To facllltate th•s• d8velopment4 £621250 has been added toth• Ctharltrfs DevelDpment Fund. Actiim Homel•ss wlll cortlnue collaboratln8 with the Clty Councll, tha G(Narnmert and oth•r staknJhold•rs to wovlde hl qlIty per50nallsed support that helps Indmduals overcome the barrlers to endlng rOh Sleep1 The Charlty provld•s speclallst support for sleeper5 throuth fundlnl from th• Go¥ernment's Rou8h Sleepers Inlilatl¥e (untll March 25). wlth further backln8 from the Housln8 Flr5t project funded by the Henry Smlth charl thls fundlng Is gecure untll end of 2025. In 2024 the Chartty wlll also respond to the recommlsslonln8 of seThlces by Lekester Clty CounclL adaptln8 accordln8ly to changes In contracts. In addttlon to the capltal fundlng for Mayn8ld House, SHAP fundln8 has also been awarded to SUPPDrt the provislon of a new 14-bod project for rouih sleepers overthe next three year5 and It Is hoped to open thls ser¥lc• In early 2025. The Charity renIs0$ that breakln8 the cycle of homele$5ne55 Invo5 more than Just pr¢p41dlr4g • uf• place to Il¥e. People also need wsit1 relationshlps wlthln the communlty to truly overcome homelessness. Actlon How*less wlll contlnu2 to ways to empMr and 5UPPOrt ptople to build the connectlons thtt th•y need. strUaU prnan¢¢ •nd nMn•Dm•nt The charltable company Is a Company Ilmited lUdnt90, In¢(Oted on 12 S•pt•mb8r 1989 and re8lstered as a tharfty on 17 Nfftmber 1989. The trustees, who are also the dlrectors far the purpose of C•nY law. and who s•rved durlng the year and up to the dote of slBnature of ftnanclal statémerrt5 Warn: S De Looz• C Hurnt (Trea$urer} D Ireland M Pankhu A PeaS8d J Elsey A Patel P Pamiar S Blllln8ton {Chalrt C Lon8hnd Rutherford IResl8Md l December 1023) (Apr•d 30 Nornber 20231 (Appolnted 30 November 20231 IAppolnted 30 November 2023 and resIed 17 May 2024)
AcfioN HOMELESS (LEICESTER) LTD TRusfEES REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 R•crultm•nt and Appokrtmqnt of Th¥teos The Charlty recogn15es the ImpDrfAnc• of h•vln£ Trustees wlth a dlverse set of skllls and ba¢iyounds that can support the work of the chartty and refletts the profile of our beneficlalles. All Trustees are cruIted throu8h an open process that erureS equal 4rLeM and opportunlty to those wLthln8 to become a Tnthe. In Ilne rfth the or84Tr15•tions Artlcles of Assoclatlen Trustees serve >year terms up to a m&Ylmum of 9 years. The past year saw the re*natlon of trusttts and the end[ of the Chlrs perlod of tenure. The Char]ty wlll be seekin8 to replace these Truxt••A In th• comln8 year. The Trustees are also commltted to adoptlngthe tharfty Code of Go¥ernanc•. None of the trustees any beneficl•l Intsr•rt In the compan% All of the trustee5 are members of the comwry Ind guarnntee to contrfbute £1 In the event of a wlndln8 UP. OryanlMtlrAwl StnKture The &y to thy m•nayment of th• oryanlsatlon Is lod lry the (thlef Executht Mark 6r4nt and the two Othe EAUtIVe Dlrettorof Serykes Karen Purnval and Dire¢torof FIMnc• W Mawdsle In iddltlon. there are dèdkated leS for HR, Fundln6 and Pmperty ManapmenL In total Altlon Homeless emplays 55 fi111 tlme empl(pfft5 as T11 is occ•$lonal work•ts. Audltar In accordancé wlth the comp3TrK5 •rtlcle4 • rnsolutlon propos1 that Thomas Mayneld U FCA be reappolnted a5 audltor of the company wlll be PLrt at • General Meetln& The trustees rert apprnved by the Board of Trustees. 5 81111ngton {Chalrl Truth• 28 November 2024
AcfioN HOMELESS (LEICESTER} LTD srATEMEKf OF TRusfEES RESPONSIBIUTIES FOR ThE YEAR ENDED 31 MARCH 2024 The trusteei WI are also th• dlrectors of h£tlon Homeless (Lelcester) Ltd for the Purpo of compary law, are responslble for preprlng the Tn4tees Report and tho fln•Klal statemnts In accordance wlth appllc•ble law and Unlt•d Klngdom Aco)unlln8 Stsnd•rd$ Iunlted KI2M GenoThllyA¢¢¢pted Accountln8 Prattle•). comnY Law requlre5 the tte¢S to prepare flnanclJl thtwnents for each flnanclal year which live • true and f•lr ¥lew of the state of affilrs of the charftsble company and of the incomlng resourc•s Ind appllcatlon of resources Includ1 the Inceme and expendtture, of the charrtable company ftsr that year. In preparfni tha flnandal st•tements. the trtee5 are r8qulrnd to: - seloct suftabl• •ccountlni 11¢1¢5 and then •pplythem conslstently,. - obsem the methods and prfndpks In the OMrltles SORP; - makJudqem•nts and estlm•tes that are reasonable and prudent - state whether ippllcable UK Accountlng Stsnthrds hove b•en foll(Me4 subJ•ct to any materfal departure5 dlsdos•d ind plalrd In th¢ flnanclal st8tements,' Ind prepare the fininchl ststements on the goiw concern buts unless It 15 Inapprote to prnsume that the th•ritsble compary wlll tontlnue In op•ratlon. The tte are r•sponslble for k••plng adequate accounllnl r¢wrds th•t dlsdw wlth msonabl• iccuracy at ary Ume the flnanclal pasitlon of the charltable company and eThJble them to ensure that the finandal statements comply wlth the ComnIeS Act 2(K16. They are atso responslble for safe8rdIng the assets of the tharttsble company and hence for taklni reasonable steps for tho pre¥entlon •nd detettlon of frnud and other Irregularlties.
AcfioN HOMELESS (LEICEsfER) LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ACTION HOMELESS (LEICEsfER) LTD Oplnlon We ha¥ audfted the flnanclal ststernents of Actlon Horne15 (Lekestert Ltd (the'charftable companrf) fi>r th• yur ded 31 M•rch 2024 whlch comprfse the statement of financlll actrrfltles, the balance sheeL the ststement of cash flN5 and notes to the financlal statements Indudln8 gnIficant accountlni ppllcles. Th• fln4nclal rnw>rtln8 fr0ftMlk that has been applled in thelr preparation Is appIlble and Unlted Klwm Accountln8 Stsndards, In¢ludln8 Flnandal Roportlni Stsndard 102 The Flnanclol Reportlnq Stondard applkoble In the UK and Republk oAlreland (Unlted Kln8dom Generdlly kceptsd A¢ountlng Pra¢Ucel. In our oplnfon, the flnanclal statements: giiie a true and f•lr vlow of the state of the charttsble MPon5 affalrs ai •t 31 March 2024 •nd of Its Incoml resources and applkatlon of resource4 farthe Or then ended. b••n properly prepared In accordance wlth Unlted Klngdom G•neTrlly Aceewed ACtntIng Practke: and have been prepllred In acconCe wlth the requlrements of the Charltles Act 2011. BI• for oplnlon We condurted our audlt In Kcordance wlth Internatlonal Starthrds on Auditlng IUK)11&4s (UK)) and appllcable law. Our respsIbIlIe5 under those stsnd•rds are fvrther descrlbed In the Audltor's reSpIbIlItIeS fvr the oudlt of the Alnandol stotements sertlon of our repo We are Independent of the ¢harrtsbl• company In accorthnce wlth the ethical requlrements that are levant to our audtt of the financlil statements In the UK Indudini the FRC5 Eth11 Stsndard, and w• fvlfllled our ath•r ethlcal resp>n51bllttles In occordanc8 tth thes• r•qulr•rnnts. We bell&T thatthe audlt wldeffe we hm obt•lned Is sufflclent and ?pproprlat• to provlde a ba515for aur Wnlon. Condwlonl rnl•llnito mncffn In audltln8 the financlal statsments, we have conduded that th• trust•es use of th• 8oln8 concern basls of attountlw In the prep•ratlon of the flnanclal statsments Is approprlate. Based on the work we ha perfornie4 we ha¥e not Identlfted any matsrf•l uncertalnt1•5 relatlw to e¥ents or condltlons thal Indlvldualty or colle¢thEM may cast slgntflcant doubt on the charttsble company's ablltty to continue as • Wni concern for a perlod of at least twelve months from when tha fjnanclal st•tements are authorls•d for Issue. Our rnsponslbllltles and the resppnslbllltles of the trurt•os wlth respect to plng concern are des¢rlbed In the relevafit sectlons of th15 r•wirL Oth•r Informrtlon The other Informatlon comprlsts the Inform•tion Included In the annual report other than the flnandal st•tements and our audltorfs report thereon. The truste•s are responslble frjr the other infonnatlon contsined wlthln the annual rnport. Our oplnlon on the flnandal statsments does not cover the othar lfiformatlon and we do not express any form of a5surnnce Ctxluslon thereon. Our respDnslblllty Is to read the other infomwtlon and. In doln8 so. conslder whether the other Infarfflion Is materlally InconsF5tent wlth the flnanclal rtltements or our knowled8e obtsined In the couThe of the aud1¢ or othern¥1 appear5 to be materfally mlsgtated. If we Identlfy such rMtertJl Inconslstencles or apparent materlal mlsststemert we are required to detsrnilne whether thts rise to a material mls5tatement in the ftnanclal 5tatem•nts themselves. If. bas•d on the we have performed. we conclude thit there Is a m•terl•l mlsstatement of thls other Inform8tlon, we are requlred to report th•tf*cL We hav• nothlngto report In this reprd.
AclloN HOMELESS (LEICESTER) LTD INDEPENDENf AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ACTION HOMELESS (LEICE5TERJ LTD Mittws an TAlh we ar• requlred to roptyt by•xE•Ptlon We h•ve nothlry to report In r•¥ct of the folk)wlng nwtter5 In relatlon to whlch thè thjrltles {Ac¢ourts and Reports Re8ul•tlons 2008 requlre us to report to you If, In ouroplnlon: the infonnatlon In the flNndal ststements Is InconslsteTht In any materlal respert wlth thetru5tees repo¢. or $ufflclent accountln8 recorth ha not been knpL' or th• flnanclal $tstements are not In r•ernent vAth the attountln8 records; or ha nDt rOl¥ed all th• Informatlon and explanatlons w• requlrn forour iudlt. R•J5poMlbllllles of truit• A5 explained morn fully In th• st•tement of trustees responslbifitf•J, the tnth. who are also the dlrectors of the charltable company for the wrpose of company law are responslble for the preparatlpn of the financlal 5t•t•ments and for belTr£ satlsfted that th•y a true and falr view, and for Sh Internil mntroi as the tru5ttts detemilne Is necessary to emble the preparatk)n of ftnanclal 5tst•ments that are free from materfal mlsstatemert wh•ther to fraud or error. In preparlng the fln•nclal statements, the trustees are responslble for assesslng the charltable company's ablllty to contlnue as a plng Conce dfsdosln& as appllobie. mattern relatsd to [nO concèrn •nd usln8 the golng concern b4515 of acCoUrrtl unl8SS the trustee$ elther Ini•nd to nquld•te the chafftable comp4ny or to c•a8e owrntlons. or have no reallstk alternat but to do so. Audltor'i ropondbllltl# lor th• •udlt of thlJnttKl•l tst•m• We have been appolnted as I1[tor under sectlon 144 of the Charftl¢i Art 2011 and reFQrt In •¢¢ordance wth the Act and relevant rn8ul•tlons m•de or havln8 elfect th•reund•r. Our obJettTves arn ts obtaln rnasOnab assurance alx>ut whether the flnancl41 statsments is a whole are free from materfal mlssitsm•nL whether due to hud or error. and to Issue an audttor's report that Include5 pur oplnlon. Reasonibl• assurance is a hlgh level of assurnnc• but Is not a guarantee that an audlt COndted In •ccordance wlth ISA5 (UK] wlll alway5 delect materlal mlsststemert when It ex15ts. Mlsstatements can arlse from fr4ud or •rmr and are consld•rnd materlal If. Indfvldually or In th• •88regate, they could reasonably be expectod to Influence the economic dec151on5 usws tsan on th• bgsls of these finincial statem•nt& The &¥tent to whkh our procedures are apable of det•ctlni 1rrn8ularltlès. Indudln8 fraudls detalknl bel(. Explanatlon Is to th •xt•nt th• audlt ffjmldered Pable of detect irrry•tl•4 Incknllry frnud Because of the Inherent Ilmltatlons of an audit, therels i rlsk that wè wlll not detect all Irre8ularftle4 Includln8 thoM108dln( to a materfal misstatsment In the flnantlal ststements or rn-CoMplIance wlth r•gulatlon. Thls rlsk Increases the morn that compllance wlth a law or re8ulatlon Is rnmoved from the events and tr4nsaCtlons refleLted In tho fimnclal ststenxnts. as we will be less Ilk•ly tc become avrdre of Instances of non-compllance. The rlsk b alsa 8reater re8ardln8 Irr4ularttlos cUrrIng due to fraud rather than •rror, as hud Invol$ Intentlonal concealmenL for8e collu51on. omlmlon or mlsTrpresentstlon. 10-
ACTION HOMELESS (LEICESTER) LTD INDEPENDENT AUDITORS REPORT (CONTINUED) TO THE TRUSTEES OF AcfioN HOMELESS (LEICEsfER) LTD As part of an audit In accDrdanc• wlth ISAS (UK). we £xerclse professional JudBment ind malntaln professlon•l sceptlclsm throughtthe audlL We also: Id•ntlfy and assess the rlsks of merfal rn159t•tem8rt of tho financknl stat•nwnty whothor due to fraud or error. desl8n and perform audlt procedures re5ponsfve to those rl$ks. and obtaln au&rt eviden that Is suffkl•nt and approprlate to wovlde a b•slsfor our oplnlon. The rfsk of not detectlng a materfal mlsststement resuklni from fraud Lg hlgher than for one resultlni from error, as fra1 rn•y Invol aluSIon. fwery. Intentlon•l omlsslon4 mtsreprqsentatlon4 orthe overrkk of Internal control. Obtaln an understandlni of Intern•1 control relelant to the •udft In order to deskn audtt wjcedures that are •pproprlate In the clrcumstan¢e$. but not for the Purpo of •KprwlTr8 an oplnlon on the effectkness of the charttable ccmpArfs Internal control. Evaluate the approprfatsness of accountln8 pollcles used and the reasonalAeness of accountlnl esUmes and rel•ted dfKlosures made by the trustees. ConcludB on the •pproprlateness of the tees. use of the Wn8 concern basig of aCcoWrtl an4 on the audlt evldence obtaina4 whether a mtsrlal uncertalnty exlsts related to events or condttlons that rr cast sl8nmcant doubt on the charitable corrwarfs •blllty to contlnue as • concern. If we conclude th•t a materlal uncertalnty 1st& we are requlred to draw attentK>n In our a[tor'S report ts th• relatsd d15clasurnJ In tho flnanclal ststements or. If such dlsdosures ar• Inadequate. to Mdlfy our oplnlon. conclusfons are based on the audlt dence obtalned up to the d4te of our audltorf5 report. How•r future •vents ar condltlons may cause the ch8TStsble comppny to cease to contlnue as a 8olni ffjncern. Evaluatr the overall presentstlon, Strture and content of the )Inanclal statements Includlni the dlsclosures, and whether the flnandal stement5 represent the undethlni knnsactlons and events In a manner that athle¥e5 falr presantstlan Ile. • true and falrvlew}. We communlcate wtth th050 charpd wlth gov•nwnce regardlTr& amon8 other matters the phnned scope and tlmln8 of the audlt and sl8nfflcant audfInd[l¥l Indudlni any s18nifKant deflencles In Int•rnil control that we Identfy durln8 our audlL A further descriprlon of our respun51bllltkn 19 avall•ble on the Flnanclal Reportlni CouThcll's bsIte * http3Jl www.frc.org.uVaudttorsRsFJonslbllltles. Th1$ descrfptlon fomM part of our audttoes report. Use of rnport Thls report Is made 501ely to th• tharltsble comp•nVs as a body. In accordanc• wtth Part4 OF the Charltl•s (AcCot9 and Reports) Reguiatlon$ 2008. Our audlt work his been undertakn so that we mlght stste to the charltable compan¢s tnt•aS those matters we are requId to *¥te to them In an audltorf5 rert Ind for no other purpose. To the fullest extent pemiltted by la do not icc•pt or assume responslblllty to anyone other than the charltabl• company and the chartt4bl• company's tn&ees as a Lvdy. forouraudlt worl for thls rnporL or forthe oplnlon$ VR have formed. Thomai Myfi•kl PA 28 November 2024 Audltor Mayfteld & Co 2 Merus Court Meridian Buslne5$ hrk Lefcester LE19 IIU ThoffAs Mayfteld U KA Is ell8lble for appolntm8nt as audltor of the charltable company by vlrtue of Its ellglblllty for appolntment as audltorof a company under sectlon 1212 of the Componles Act 2fMJ6. 11
Iiii" a qi ij I" 11 1111- cl
AcfioN HOMELESS (LEICESTER) LTD BALANCE SHEET AS AT31 MARCH 2024 202J Trn8lble osgets 15 1576,645 2.707.157 Curr•nt •sets Debtors Cash at hnk and In hAnd 534008 1609.790 371,090 3,143.798 {605,0921 1427.921 1558,0231 Credltorn: Ifflnts falllrrf due wfthln om y•ar Net rr•Trt #lets 2,538,706 1869,898 Total aM¢ts ¢wr•nt lblItt 5.115J51 4,577,055 CredIto. amouThtsf4111ry the •fter mor•th•n on•y••r 17478191 (768.235) Net asiets plOn Il•blllty 4,367,532 3,808020 4.367.532 3,808I20 Th• funds olthe ch•rftabl• comp•ny Restrfcred Income funds Unfestrltted funds- genernl Unrestrfcted funds. D•sl8n•ted Funds 22 231.544 1,049,091 3.086.897 264.377 1,133, 2.411253 4.367.532 3108.820 The company15 entitled to the eyAmptlon from the •udlt requlrement cartalned In sectlon 477 of the Companles Att 2(X16. for the ar ended 31 Morth 2024. althou8h an audlt has been rrIed out und•r s•ctlon 144 of th• Charltles Art 2011. The dlrectors acknowled8e thelr respjnslbllltleg for comptyln8 wlth the requlrements of the ComnIeS Act 2 wth respert to iccountlnq records and the preparatlon of flnanclal statements. The members have not rnquired the company to obtaln an audit of Its flnanclal statsments under the requlrnm•nts of the Qjmwnles Act 21 for the y•ar In qu•$tlon In arxordance wlth section 47& These flnand•l ststfjments hwe been prepared In a¢tordan¢e wlth the provlslons applkable to comp3nles subject to the small companle5 reglme. 14-
AcfioN HOMELESS (LEICESTER) LTD BALANCE SHEEf (CONTINUED) ASAT31 MARCH 2024 The financAI ststaments were approved bythe trustees on 28 Ntwember 2024 C Hurst (Treasurer) Compary reiistrntlon number 02422130 (Enzland and Wales) 15-
AcfioN HOMELESS (LEICEsfER) LTD srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2023 Not•1 C•sh flo from op•rntlnz attlyll Cash senerated from operntk)n$ 513027 344,339 lrnWt1 aCtIdeS Purchase of tsTr8lble fid assets Investment Income rece]v•d (353,1311 11,928 60321 Nat pn•rntad Irtynl(u••d W Inv•#l aclhltles 60,221 (341,203 Flnanckw •Ltlvltl•• Repayrnent of bank InS 120,2891 (25,5411 Net wh umd In lIn•nd Ktl%411• 120.289) {25,5411 N•t kw1[drA0O) In cmh and cash eq1# 551959 (22A051 Cash and cash equlvalents at be8innlni of year 1056,831 2,079,236 sh and $h equ1¥41arts It •nd of Iwr 2,609,790 IOS6,831 18-
ACTION HOMELESS (LEICESTER) LTD NOTES TO THE FINANCIAL sfATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 Accountlry pollrl•s Ch•rfty Inhrnlon Action Homeless (Lelcoster) Ltd Is a prlvate campany Ilmlted by Intee Incorporated In ETr8land ind W•les. The reglstered offlce Is RIdge1¥ House, Uttle Hlll, Newton Lane, Wlpton, LE18 35E. 1.1 A¢courtlry ¢on%vrtlan The accounts have been prepared In accordance wlth th• chrltsble compaThVg 8LWern1 documenL the Compnles kt 2(YJ6 and 'A¢¢oyntlNa and Reportln8 by Ctharltles: Ststewftnt of RecommerKled Prattlce apr¢•ble to thirltl•s preparfn8 thelr accounts In accordance wlth the Flnancl•l R•portln8 Stsndard aFJplkibl• In the UK and Rqpubllc of Ireland (FRS 102)" las arnded for accountlng perfods commenclni from l January 20161. The charttable company Ls a Publlc Benefft Entlty a5 defined by FRS 102. The flnancial st•tsments are prepared In sterlln& whkh15 the funrtional currency of the charltable company. Monetsry am¢)unts In these flnanclal ststements are rounded to the nearest £. Attlon Homeless (Lel¢esterl Ltd meets the dèfinltion ofa publk be endty under FRS 102. The accounts hive been weparEd under the hlstorlcal cost corntntlon. Thffied to Indude the rwdluatlon of freehold propertles and to Include Investrnent propertks and certaln flnanclal Instruments at fvlr Ydlue. The prfnclpol •ccountln8 poll•s adopt•d ar• s•t out b•low. 1.1 Golry o)ncem At the tlme of approving the financiql statementy the trustees have a reasonable expectstlon that the chirltsble company has adequate resources to contlnue In operatlonal exlstence for the forese8•ble futur•. the trustees contlnue to •dopt the plng COnM b•sls of •co)untln8 In prepar[the flnandal thtement& l.J (hqrftabl• funds Unrestrt•d funds irn I11•bI• for us• at th• dtscretlon irfthe tntstees in furtherdnce of thelrcharitable objecttves. Restrlcted fvnds aR to be used ft)r specfflc purpose as lald down the donor. Grnnts ral¥ed * tha thaTlty way of man•88mont aor••m•nts urfth Local Authorldes and Hou51ni AsKKl•tions are restrfcted to particular sCheTh but not to speclfk ttems of expendlture. The Chirlty treats &[pendIre from these restrlttèd funds as belng the earllort expendtture at o1th schemo. In the yo•r. Unrestrfcted funds are donatlons and other Intomln8 reSoue$, Includlng Ch•1 for iccommodatlon, recelvable or genernt for the obJorts of th• charftywlthoutfurther speclfted PUTpose and are avalldble general funds. L4 1Thrne IncortKg Is reco7$•d when the tharft•bl• cornpany15 legally entltled to it after any performance conditlons have been meL the amourrt5 can be measured relSHbly. and probable that Income wlll be reeel4d. sh doMtlon5 are recognlsed on recelpt. Other donatlons are reco8nlsed once the charftable company has been nDUfied of the donatlon. unless perforrnance condltlons requ7 deferrnl d the amount. Incom• tax rec(yrnb1e In relatlan to donatlons recefved underGfft Ald or deeds of cov•n•nt1s reco8nlsed •t the tlme ¢)f the donatlon. LeK4cles reco8nised on recelpt or otherwlse ff the charltabl• comyny has been notlfl•d of an Impendlns d15trlbutlon. the amourt Is known, and recalpt Is •xp•rted. If the imount Is not kn(Y4M. the leycy b treed as corrtlTr8gnt ast. Turnover Is meosurnd at the fair value of the conslderatlon recelved or receivable and represents affrtyjnts recelvable for fftids and ser¥lceg pIded In the nomial course of buslness net of dlscounts VAT and other relatsd taxas. 17-
AcfioN HOMELESS (LEICESTER) LTD NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 countlry polld•5 Icontknued) IS LYpendliur• E%ndtture Is reco8nls•d onc• there Is a leaal or constructlve obliytion to transfer economic beneflt to a thlrd party It 19 wobable that a transfer of •conomlc benefit5 wlll be requlred In setdemenL and the •mount of th• obllytlon can b• measured rellably. Eyndlture15 classlfied by activity The costs of each actmty I mde up of the totsl of threct Costs and shared c05 Includln8 SUPPOrt costs In1Ved In uDdertakln8 each irtlvlty. Dlrect Costs 4ttrlbut•ble to 4 sln8le artl¥lty allocated dlreth to thot ictl¥lty. Sharnd costs which contrfbute to more than one activlty and support co#s whlth are not attrllxtslAe to a slryle 4th1ty Ire apportloned betn those actlvSUes on i basls conglgtsnt wfth th• of r•sources. Centftl staff costs are allocated on the basls of tlme spenL and d•prnclatlon charys ar• alloc*ed on the portlon of the ass•Vs US•. Expendliure ts recr4nlsed on an accruals basls as a Il•blllty Is Incurrnd. Expendlturq Includos VAT whlch cannot be Exp8ndltur• In th• operatlon of the charlty'$ central servlces system and centr41 offl¢e is apportloned I)eten suppt)rt costs fund4atslng and publlclty and ernance of the tharlty txsed on acwal costs Incurred where these can aSrta1Thed. Other costs. such as salarles and Overhead costs are apportloned on the follrnvln8 tmsis whlch Is an estlmate. based gt•ff tlm•, of tPh7 amount •ttrltvJtablB to ch acbvity. Scheme support costs Fund.rnlsln8 and publldty Management and admlnlstratton of the charfty 1.6 T•r¢lbl• flx•d Propertles whrjse Pdlr value can be measured rellably are held underthe revaluatlon modd and •r• carrl•d at a ravalued amoun( beln£ thelr falr wlue at the date of valuatlon Ioss any subsequent accumulated depreclatlpn ond subsequent accumulated Imwlrment losw. The fair valwa of the land and bulldlni51s usually consldered tt¥ be thelr market value. Rmluatlon plns ind losses are reco8nls•d In othor r•wntsed g•ln5 •nd10sw •nd accumulated In equlty, except to the •xtent a revjluatlon 8aln reverses • revaluatlon10ss prevlou51y recoenlsed In net IOme/{S¥pend1tUre) or rewdluatlon kns$ ed$ the accumulated revalu8tlon Vlns r•tO8nls•d In equlty; such 8alns and10ss are reco8nlxd In n•t 1nc0mellpendIture> forthe year. Oeprecl•tlon Is reco8nls•d as to wrlt• off tho c05t or valuatlon of agsfrts les5 thelr resldual values thelr u5efvl Ilves on the followlng bases: Fr•ehold Prcperty Scheme Flxtures & Frttln85 Motorvehkles Centrnl Offlce Equlprn•nt 4% rtral8ht Ilne 50% strawrt lln¢ 25% strnlght Ilne 25% stralth Ilne The aaln or loss arlsln8 on the dlsposal of an assit 1$ determlned as the dlfference between the le proceeds and the arrying value of the asset and15 recoBnlz¢d In net Incomel(expendlture} for the y•ar. 1.7 Impalnnffit of lknl At each reportlng end dat¢ the tharthble company r•vl•ws the carrylni amounts of tts tan8lble assets to detemilne whether there Is ary Indic•tion that those assets have 5urrered an impalrment loss. If any such Indlcatlon exlsty th• recoverable amount of the asset Is estlmated In order to detrmilne the extent of th• Impalrment105s Ilf any). 18-
ACTION HOMELESS (LEICESTER) LTD NOTE5 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Atifjuntlry pdld lcorrtlnu) L8 Cath and ¢•th •rylwl•nts Cash and cash equknlents Include cash In hand. deposfts held at call wfth banks. other short-term Ilquld Investments with orl£lnal maturltles of three months or le55, and b•nk I0rdrIfts. Bjnk ov4rdrth are shown h1n borrowlnp In current lIalre5. 1.9 Fln•nclal lrntNmerti The ch•rlty only has flnandal assets ind flnandal Ilibllttles of a klnd that quallfy as b•slc fln•nclal Instrument& 8aslc flnanclal Inslruments are ln1tlal recolnlsed at tsansiLtron lue and subsequently measured at thelr settlement val wlth the exception of bank loans vthich are 5ubsequeth measured at amortlsed cort Un£ the eftrtlve Interest method. 1.10 Employ•e benefits The cost of any unw•d holldJy entltlem8nt ts rewnlsed In the perfod In whlch the •mplo}S 5erylces recelrnl. Trrmlnatlon beneffts are recognlsed Immedlately as an expense when the charltablè compny 1$ d•mnstr•bty commlited to tsrmln•te the employment irf an employee or to pmlde termination benefft5, 1.11 R•tlrwnffit b•Tr•llts The penslon r05ts tharyd In the ftnandal Statements reFYesents the contrlbutlon payable ty the compny durfni tho 1.12 Rena15 Thls an amount ayeed by Houslr4 Benefttto specmcalty purthase and uptht• furnIr• it •ath of th• woJacts. Crltltal acclntI¢1mItQJ andd84Th In the )pplkotlon of the tharttable company's accountlng pollck& the trustees are rtqulred to mak Judpment4 •rtlmites and iuumptkjns about the c•rryfng anx>unt of assets Jnd lthbiiftles that irn not readlty 1prent from other urce5. The e5tTmates and a55oclated assumptlon5 are based on hlstorkal experlence •nd other fKtor5 thJt •re cortslderÉd to be relevant. Attual results may dlffer from these esumates. The e5tlme5 and underlyln8 assumptlons revlewed on an Dwolni ba51s. RevI51¢X to accountln8 estlm•tes are reco8nlsed In the perfod In whlth the estlmate Is revlsed tsre the revlslon Jffects onty that perfo4 or In the perlod of the revlslon and futur• perlods wher•th8 revlslon Aff•cts both currnnt and future perlods. Intome from donitlorn •nd l¢a•des Unrestrkd Re#rlrted fjmd fundi 2024 Total Unrestrkted Restrlcted lundi fundi 2023 DonHUons Ind glfts Grnnts reCeIbla 30.159 30.159 255.51X) 35.101 35,101 198,109 255.500 198,109 30,159 255,500 285,659 35,101 198,109 233.210 19-
ACTION HOMELESS {LEICEsfER) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Income from don•tloM Iwcl•s Icontlnued) Unr•l¢t•d R•#rl¢t•d lundg funds Totll Unr•rlthd R•Jtrktad fundi fvnds 1023 2023 202 Don•tk•M and Donatlons and ths 30.159 30,159 35.101 35.101 30.IS9 35.101 35,101 Mc•lbIl for ux• •Ethrfd Reachln8 Peo Moneywlse Plus Severe Weather Beth- Lottery Houslngfltst a)ildren In NeedlBulldlng Blocks Lelcester aty Councll Additional Pressure Fundlng ht projttt Other 51299 299 19,365 113.957 19,365 113.957 21,568 21,568 20,927 20,927 20.674 10,000 69.936 2074 10,000 69,936 17.444 17.444 107A39 107A39 255.500 255,5(Kl 198,109 198,ll Income from tharftat4e •¢tlvftles unreStrf Restrkt•d funds fvndi 2024 ndi 2025 1024 Ch•rlt•bh artl%ttl•s Other Income 3,635.532 546.383 4.181915 3,203034 560,137 3,764071 Indud•d YAthln Unr•rtrlct•d Incorn• lor 2024 v•Jatlnsto Houslry Sth•mM •rn th• followl Board and lod8ln8 and rent retelpts Housin8 benefft5 recelpts Bad debts retoveredllwrltten offl £341925 £3.390fft6 4635A32 -20-
AcfioN HOMELESS (LEICEsfER) LTD NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 InMm• from ch•rft•bl• •¢ll¥ltl ICgnllnu•d) In¢lud•d wlthln R•strlthd Incorn•for 2024 r•11t to HoudrySth•mw orn th• follow1. Paomm(KlatlDn Based Hou51ni Related 5uppprt Communltles Trnnsltlon Fund Protect Scheme (Flora Lodgo) £319N76 £61687 £1 Kome from olhor trnd1 aclmtles Unre#rkted Unr•strk lundi lkndi Fvndralslng everts 15,016 11302 Unr•rtrlelad fvndl: Actlon Trust Tot•1 20 202J £15.016 £16302 In(om• from lThv•rtm•nts Unrestrkted Unr•5trl(t•d funth fimdi 21123 Int•r•tt r•c•lvabl• IL928 21-
AcfioN HOMELE55 {LEICESTER> LTD NOTES TO THE FINANCIAL sfATEMEKrs IcoKriNUED) FOR THE YEAR EPIDED 31 MARCH 2024 Expondltwe on r•l4rqfvrnls fundi 2014 funth Costs ol 886 1.597 loa8 281 303 29h57 'ststlonery and publlcatlons Trainln8 and communkations Audtt and professional fees Other fUndrnlsI costs L950 953 3112
ACTION HOMELESS {LEICESTER) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOA THE YEAR ENDED 31 MARCH2024 Exp•ndfturn on Charftsble athftles Houslw awltsbl• Hou•lw (knbl• sthemqs aclmtlos 2023 2023 2014 Dlrnct colts 80&120 S918 L498.920 1.043.838 576A99 Depreclatlon and Impalrment Premls•s costs Manaprrvant char8e Charltable expendlWre Caterln8 colts Communlcatlons Strtsone publkatlons and publlcity rr costs TV rental and Ikenses Bank charyes andfees RenedIS (Misc) Motorand tr1 Welfare Tralnln& meetin8$ and stsff develowmnt Grants repay4bl¢ Other charltable exp•ndlture 97,681 1.102,315 86,359 (611 35.605 17,n2 31831 49.252 130.512 LIS1567 86,359 48.5% 35,605 17,997 {376.379) 521.214 562,613 700 36.750 12A19 4U30 113.003 12,081 6379 422 1333.549) 634217 574,694 7.079 37,172 27333 48.657 275 179 1.606 954 4564 14.143 5A08 67.564 48,136 13.105 5,739 2.sll 7,145 3,975 582 49.0 L977 1250 L113 4888 9,395 12.537 67,564 44.7 11729 L852 582 58.725 17.616 3.374 376 3,887 9.710 11042 6,BB6 L020 525 525 140 4A94 4634 IOh58 10.458 2304A82 834.716 3.139,198 1.933.118 804.500 2.737.618 Shire of supwt and 8overn•n¢e ¢o%ts lsee not• 9) Support Go%*rnance 656.004 15LB85 481.053 130,682 481.053 130,682 15¥885 3.111371 834.716 3.947.087 Is443 804,5fy) 3.349.353 An1 tyfvnd Unrestricted funds- yneral Restrkted funds 3,111371 3,112.371 834.716 2,544.853 1544.853 834,716 8L4500 3,1113n 834,n6 3,947,087 8(4500 3,349,353 -23-
ACTION HOMELESS (LEICEsfER) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR 7HE YEAR ENDED 31 MARCH 2024 pport •llo¢thd to artMtI•B 2023 stsff costs Premise$ COA5 Commuftl¢•tlons ststlonery• pubIkntlo and publklty 500.761 17.156 13,726 1661 17,172 9.642 1,186 13,382 5.159 69376 5,784 151.883 358,346 10.974 3.250 17,304 7,253 678 14732 1.581 47A28 4.123 130.681 Tralnlr Travel Audlt & profe551onal fees M••tlng & staff Sundry othero)sts Vehlcle vosts G(y4arnance costs 611,735 Anilys•d battv••n: Charttoble Actlvltles 807,889 61ITJ5 ao¥en*nM ¢o%ts . Stsff costs Audltf¢ Prem1$ eosti Communlutlons Ststlonery & publlcatlons 58.913 10.223 7,878 1.797 6J86 17,172 49,514 158 6,816 9.763 IM37 7,799 17304 45,405 Sundry otherc05tS 151083 130,682 Nat In fund5 The net movement In funds Is stited afterchar8lngl{credlUn81: Fees payable forthe audlt of the charlty's fimndal Statements Depreclatlon of owned tsn8lble flxed assets Reversal of past impalment of tsnglble flxed assets 18,080 130.1)68 1463.617) 130.512
AcfioN HOMELESS (LEICESTER) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 li Trwt••s Nane of the trustees lor ary persons connected wlth them) recel¥ed any rernuneratlon durlni the year {2023- £0). Trujtee upeD5es of £206 wère pald duTlnsth• ar. Emplo• The avern8e mohthly numberof employees durf% the year wa5: 20 Number Numb•r Chlef Executlve Houslnl Scheme5 Admlnlstrdtlon and suppLYt CleanlnKIMalntenance 27 io 51 Enwloym•nt Waw and salarfes Soclal securltycorts Oth•r p•nslon co#s 1,885,587 144,1 58.352 1,857, 53An 1,088052 2.04L920 The number of empltyfftes whose annual remuneratlon more than £60/* 15 as folbws: Irnber mber nd £700OOto £80,(IXI Bmnk £80.( to £90.000 Remuner•tlon of m•M8••nI p•rnonn•l Th• r•mvnerntlon of key management pernonnel asfollows: 2024 re8aip compensjtlon 231823 213.131
AcfioN HOMELESS (LEICEsfER) LTD NOTES TO THE FINANCIAL STATEMENTS (COhrriNUED) FOR THE YEAR ENDED 31 MARCH2024 IJ Taxatlon The th•rltabl• comwny 1$ •x•mpt from corporatlon tsx on Its tharltsble ath18$. knpalrmerts Reversals of prevlous Impalmient losses hw• b••n r•eoinlsed In profft or loss fOllOWI. In respert of: Property• plant and equlpment 463,617 Tarylble tsd ¥sets Frn•lwld S¢h•Th HthM• Al•l•rv•hldw ¢•rtrnl Oll• &Mlllr• At l Awll 2023 254,502 47A27 25.329 3,865,286 At 31 Marti 21)24 3.538.028 254.502 47A27 25,329 3,865.286 D•prncl•tlon and Inylrm•nt At l Aprfl 2023 Depreclatlon charged in the year 847.282 125.189 254x12 31,016 25.329 1.15&129 130,512 At31 Mah 2024 972A71 254.502 34339 25.329 1.288.641 C•rrylw amowrt At 31 March 2024 2,565,557 IL088 2.576.645 At 31 March 2023 2,690.746 16AII 2.707.157 3 oudlned under the accourtln8 pollcles it the end OF oach rtInB end thte, the charlty revlews the canylni amounts of fts tan8lbJÈ assets to deternilne Vrther there ts any IndiGitlon that those assets ha¥e suffered impainnent los& For the ended 31 March 2024 the Trustees consldered the valuatlon of the propertles It held and belleves them to be approprfate and therefor• no further r•vers•l of prevlous Impalnnent losses was conslderad necessary as the valuatlon of prnpertie5 a belleved to be In Ilne wlth open market ¥41ues.
ACTION HOMELESS (LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMENT5 IcoKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 2023 Arnountsf•lllry wlthln om >wr'. Trade debtor5 Other debtDrs Prepayments and accrued Income 3C,695 103,8C6 129.507 248,691 73,245 49.154 554,008 371,090 i? Lo•M Ind Ovwdrl 2023 8ank lo•n$ 769.207 789,496 Papble wjthln one year Pffjqble aft•r on• par 21388 747.819 2¥261 768,235 The long-term loans are securnd by lId chary8 ov•r ei8ht of the tharltyts frnehold propert1•5 wth tolal carrylni value of £1964,45012023: seven propertles at carrylng value of £1.221947). The bank IDan bear5 Intere¥(15 •t 2.75% above Bank of Enand bale rats• pro¥lded th•t ff the Bank of En8land base r•t• lowerthan the Bank of England base rate appllcable tothe loan shall be deemed to be OAI%. Some of the103n has been trnnsferred to a newfixed rats of 4.1%. Cr•dltm: •nvJun15falllry wlthln on• y•ar 2024 Bank loans Other Xlon and soclll securtty Deferred Income Trade uedlto Other credlto Accruals and deferred Income iy 21.388 34.996 65.540 209.198 79,001 194.969 21.261 30,835 97.wi IYJ,503 83,712 165.611 605.092 19 Cr•dltgr% amounts hlllry du• aft•r mor• th•n y••r 2023 Bank n5 17 747.819 768.235 -27-
AcfioN HOMELESS {LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 20 Dthr•d Inrome Arlslng from Grnnts In ith•nce 97.101 Deferred Incom•15 Includod In th•tlnandal statements asfellows: Deferred Income Is Indudedwlthln: Current Ilabllltl•s é5.540. ,ioi MrnInts In the ye8r: Defeed Incom• at l Aprfl 2023 Released from prevlous perf1$ Ile50urcu deferred In the year 97.101 {31,$61) 27,504 69.597 Deferrnd Income at 31 March 2024 97,101 21 R•tlr•ment benefft s¢hem IY D•lln•d contrlbullon Charp to profft or loss In resyct of deftned contrfbutbn schemes 58.352 53,4n Th• charltsble compary oprates a deflned contrfbutlon penslon scheme for all qu•iffyrfn8 employees. The assets of the schom8 arn held Separately from thos• ofthe tharltable company In an Independently admlnlswed fiind.
AcfioN HOMELESS (LEICEsfER) LTD NOTES TO THE FINANaAL STATEMEKf5 (CONTINUED) FOR 7HE YEAR ENDED 31 MARCH 2024 12 R•*rfct•d fvn The Income funds of tha ch•rfty Include restrfcted funds coff4>rtslng th• fol1cm1 un•xpènded balane•s of don10 and 8fdnts held on trust for specffic purposes: At I P•rfl 2023 Incorne ExPdIre Transkn At 31 M•ffh Sundry y4nts Housin8 related support (ontrdrt Henry Smlth- Houslng Flrst EmergenLV Wlnter Beds Lott•ry & 39346 483,696 113,957 145,271) 1483,696) (113,9571 40039 (40,039) Communltles Trartsltlon Fund {NHSI Se¥ern Trent Llght Prolett Chlldren In Need fBulldln8 Blocksl Lelce5ter aty Councll- Rlknt To 61687 (62.687) (2990) (lo,0) (21.5681 io.c 2L568 251,528 (27.5081 2240 264,377 80¥883 1834,n6) 23l544 PrvAous r. At l Aprll 2022 Intom• Exp•ndltur• Tran•f•rn At JI Mffth Sundry8rnnts CommunltlesTran51tlon Fund {NHS} Pret a Mange Chlldren In Need (Bulldlng Blocks) Moneywlse Plus Reachlni People Lelcester Ctty Councll- Rl8ht To Buy World Habltat Grant Lelcester aty Councll Addfth)nal Prnssure Fundl Accomodatlon Based Flouslni Ral•tsd pport 17.510 286.684 (2915631 218 11849 59,655 159,655) 13,324) (20927I (52J991 3,324 20,927 51299 289.479 (37.9511 (IA611 251.528 &861 17.444 (17W) 319.476 (319,476 310313 758.346 1804,51101 218 164,377
ACTION HOMELESS (LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Wnthd fundB At I APTN 25 rnf•rn At 31 M•rth Property Fund Delopl1nt Fund Dllapldatlon Fund Cortlnpncy Fund 1.170.000 878,750 163380 199,123 1,170,( s,[ ITJ.780 243,117 62¥250 IoAoo 43,994 141L253 675.644 3.086.897 Prevlous year. At l Aprll 2022 Tr•nslern •XJI M•r¢h 2023 Property Fund Dllapid*ion Fund Development Fund Contlnpncy Fund 170,( 151980 803,750 194131 I,170,10 10,400 75,(KKI 878,750 ,123 2J20,861 I41L253 Unr8strltt•d fvnds At i Aprfl 2023 Inc•m• Exp•ndlturn Tr•rnfwJ At JI M•rth General Fund Revaluatlon Fund General funds 1(65.222 3,740928 (3.147.9851 1675,644) 982.521 67,968 11.398} (13981 L133,190 3,740,928 (3,149,383) {675.6441 1,049091 PQUI >•ar. At i Aprfl 20 In¢pm• W•ndliur• Transf•rs At JI Mar¢h General Fund Revaluation Fund 459,748 67.968 3.267.165 (I57L081 (90,610) 065,22Z 527,716 3,267,165 12.571.IXII (90.6101 1,133.1
AcfioN HOMELESS (LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMENTS IcoKfiNUED) FOR THE YEAR ENDED 31 MARCH2024 25 And1• of n•t aM•ts b•tw•ffi funds Unrqrtrfrted tlesknatod Rertrkted funds fundi 2014 2024 At 31 Mirth 202 Tanilble assets Current a55ets/lllabintfesl Lofft8t•nn Ilbllkl•s 1.181625 614285 1747,8191 1.170,0 1.916.897 224020 7,514 2,576.645 1747.819 LlJ49.091 308697 23L544 4.367,532 Unr•#rlcted fun D•slin•tod furn 2015 Resirfrtod 202J 2023 At 91 MArch 202&. Tan8lbl• ass•t$ rrent assetsllllabllltlesl Long term Ilabllltles 1,285,629 1.170.rxio 1241.2S3 251.528 12049 2.707.157 I69.893 P68.235) {768,235) 1.133.190 2AII353 264,377 3,808A20 Capltql commltm•nts 202a Acqulsltlon of property. plarrt Ind •qulpmint LI457 Prfor to th• end of th• yur the tharfty entsred Into ne8Otlatlons for the purrhase of 7 prupertles from Rktrslde propertles whkh would c05t £L145,827. Port 8al•nt• Sh••t Ev•nts Prlor to the end of th• flnanclal •r the charlty enternd Into n•8Otlatlons to recelve slgnfflcant grants towards a rnprehens r•furblshThnt of 10 5t Terrace. The totsl cost has.yet th be quanthed Ixrt the bu(•t•d pendlture should not exceed £900.orKI. These ara con51dered to be p05t llalance ffitnt Rqlthd rty lrnnActk•M There were no dlsclogibl• rnlJt•d party transactkJnJ durI¥the yoar1202> none}. 31-
AcnoN HOMELESS (LEICESTER) LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 28 R•l•ted p•rty tr•nMcUons {contIrndj There •rn common m•na8ement forktlon Trust (Lelcester) Ltd •nd Actlon Homele (L•lcoster) Ltd. Tho idmln15htl¢ of kth)n Trt (Lelcestsr) Ltd ts (arrled out byArtlon Homeless (Lelcesterl Ltd. Durfni the year Actlon Hornelo55 ILelce5ter) Ltd Charged manayment fEe5 and oth•r c05ts to Artlon Tnut ILeicestor> Ltd totallin8£5,634 {2023: £6&853} and were Involced £26.51912023: £3I0941 for seNlces carrfed DUL A% * the year end the balance 01 to Actlon Hom•l•ss (Lelcester) Ltd by Act1 TnJt (Leicester) Ltd was £9,706 after. wrtUn8 off Irrecovernble amounts of £IOA5812023: £41W). Cmh 8onernted from oper•tknM Surplusforthe ye•r 558.712 649.930 ustments for: lrnwestment Income re¢ognlsed In statement of flnanclal acU¥ltles D•pr•clatlon and Implrment of tlxed ws•t$ 160,221) 130,512 (IL928 1333,549 Movements In worklng capltal: Ilncr•as•l In d•bto Increase In ¢redltD (Decml/1ncr• In def•rred Income 1161918) 78,503 131,561) 185,221) SS.510 69,597 Cath Dn•rthd from op•rth• 513,027 344339 AMly* of ¢h•nDi In Ii•t fvndi Atm M•hth2014 Gish at bank and In hand 552,959 1609.790 Loans fallln8 due wlthln one year Loans fallln8 due after morn than one yar Pl.2611 1758,135) (12 20A 12L3881 1747,8191 1367,335 5TJ,248