Charity iegistration number 801043 IEngland and Wales) Cornpany reg15tratlon number 02241670 CHELTENHAM HOUSING AID CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CHELTENHAM HOUSING AID CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s MrT P Cadogan Mr A C Machin Ms K J Patlerson Ms G C Wilwx Mr H W Booty (Appointed 1 October 20231 (Appoinled 1 October 20231 IAppoinl8d 30 Novemb8r 20241 Charity number 801043 Company numbor 02241670 R•gistèr•d ofli Room B25 Municipal OffIS PrOmaa che1tha Gloucestershire England GL50 9SA Independent examlner BK Plus Limitgd 6 Manor Park Business Centre Mackenzie Way Chellenham GIouc85tershlr8 GL519TX
CHELTENHAM HOUSING AID CENTRE CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Statement ol financial position Noles lo the flnan¢lal 81al8m8nl8 7-12
CHELTENHAM HOUSING AID CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 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 airns The maln objocls ol the eharlty. 8ccordlng 10118 Mernorandum & ArOcl8s, as am$nde(I by speclal resolulon dated 27 Apr51 2015. are the relief ol px)vety for the benefit ol predominantly the inhabitants ol GIouc85lershire generally and the Borough ol Chpltenham in particiilar I'lhe Area ol Benelil") by the provisian of advice and assistance on matters relating to housing, benefits an¢ financial and dgbl m8nag6m$nl amongst pgrsons Ilving or working in th& Arga of Bengfll who hov& ng$d ol su¢h assistance because of their hornelessness, adverse liwng conditions, linancyal circumstance or any other cause. Slgnlflcant actlvltlgs Chellenharn Housing Ald C8ntre I'CHAC'I has a wid• rang8 ol pollcl85 to enablo ils s8rvlce to b8 provided lalrly and prolgS51onally, Iiicluding, in particular, ali equal opportunities policy In respect of access for cllents tlie recruitnieiil of 8tsff and volunteer5. CHAC Is party lo a wide rang8 ol local forums for the improvernenl ol worknng praclica, to promot& tha Centre's and cll•nts' interests, lo iprove communication5 and ¢0 a5815t in the developrnenl of inilialives for improving the lives of people in Challonham. Publ1¢ b•n•fit In planning the ch8rily's activities lor the ygar the Iruslees kept in mind the Charity Commisgion's guidance on public b8nefil. The locus ol the charity's activities during the year, which explains the delivery by the charity ol public benefit, Is set out 8bove under'objeclives and 8¢livrties' 8nd below under'A¢hiewemenl and performan,. Achlgvgm•nts and pgrfomianc• Signific8nt aclivilies 8nd eGhi&vemgntS 998inst objeclive5 Th8 charity continues lo be bas8d in an office located in Chelltrnham Borough Council's Municipal Offices on the promenade in Chèltenham. Whilst Ihis Is an Interim arrangèment, the charity has benèfited greatly trom being In this location lor thè timè bèing, The charity Is aware that Cheltenham Borough Council is attempting to rnove oul of these buildings, ond so the trustees 8re continuing lo &xplor8 n8W aCCOmtnodalion options. MTt Hd£¥l Lai)ylvrd 1ts8iyii¥d Irubl¥v iii Nvv¥ii)i)¥r 2024, HL4£¥1 lias b¥tTI if)bliuiii¥iil¥l iii 11)¥ ¥liiVL)III upt)fdliuii uf CHAC for it's entire existence - a pvriud of over 25 years. Th? Trustees arkl Staff exleri(J t)1r sincere thanks lo Hdzel lor her contribution. Ms Sara Bennett a150 resigned a5 a trusteè In July 2024 after four year5 servicè, lattedy as Chair. Again the Trustee5 and $laff thank Sara lor her conlrlbution. The charity'welcomes new trustees Kelly Patlerson, Gwen Wilcox and Harry Booty.
CHELTENHAM HOUSING AID CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew As in the previous yèar, the charil5p is unabl8 10 report a surplus for the period undèr raview, howaver the trustees Consider that the charity conlinu8s lo b8 a 90ing coneErn following consid8r3b.on of lh8 various fundin9 StrearYB that ar8 available to be applied for. The trustees aCknoedge and thank all donors and funders during the year, the majority of whom are lisled laler in Ihe Ilached finanrial slalemenls. Again, as we have retK)rted in earlier years, work continues on obtaining a broader funding base to enable continued operations. Where approprlale, CHAC con11nS lo ongage exlornal sgNlco provlders lo asslsl wth str81gglc dodslon maklng. Rg$or¥g$ poll¢y The charity has supported ils ongoing aetivitr'es from accumulated reseNes during the year. The trustees are hopeful that resgrves wlll begln to be bulli up In the comln9 yèar. Golng concèm The Iruslees conts'nue to consider il appropriate lo prepare the financial stalernents on a going Conce basis. The incotre ol the Charity arises from grants from a number Jl donors. and regular funding application5 are rnade by the charity. At the time of $19nlng this report, the r888rve8, together with expected donatlon$, are 8ufficSenl to cover the runnlng ¢t>8ts for at least further twelve months. Major rlgks Tha Irustèss havè a duly to idenufy and r8vi8w th• iisks lo which thè chadly 1$ &xposed and lo gnsuro appropriate control$ ère in place lo provide rea50nabl8 as5uranc8 against fraud and error. Plans for fvture periods The Board remains committed lo ensuring current projects continue and continues lo work to identify addl.0nal areas ol unrnet n88d wh8r8 CHAC has lh8 prol858ional skills to h8lp and lo s88k approprlat8 funding lo address thosa n88ds. Securing sufficionl funding has b8èn mor• problematic thls year than in previous, Th• l•am Connu• to work dllig•ntly to secure the necessary funds to continue our work. The CharilyvAII look al115 Risk Managpmenl, Funijraising and Corporate Slrdlegies in the forthcoming year, Thls Is lo ensur& that we slay abreast of legislation and good practice, and continue to keep ourclienls al the heart of what we do. Slru¢lur•i goveman¢• and man89gm9nt The charity Is controlled by its govgrning documenl, its revised Mtrmorandum and Arti¢los adopted by Special Rtrwlulion on 27 April 2015, and conslilules a lirnited company, lirniled by guarantee, as defined by the Companies Act 2006. Th8 trust¥85, who ar8 also th8 dir•ctors for tho purpos8 of company law, and who $8rv8d during the y8ar and up to th8 dale of 5ignalur8 ol th8 Ilnancial 5tat*mènls w8r8'. Nls S F Bennell Mr T P Cadogan Irs H M Langford Nlr A C Machin Is K J Pallerson Nls G C Wilcox IrHWBooty IRg5igned 22 July 20241 IR¢signed 30 Nov¢rnb¢r 20241 (Appointed 1 Oclobei 20231 (Appointtrd 1 October 20231 (Appointed 30 November 20241 RecTuitmenl and appointrnenl of trustees The Power tD appoint rW tru5tee5 is vested in the current t>Dard of trustees.
CHELTENHAM HOUSING AID CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 OrganlsatSonal structure The charity Is managod by a board of trustees. who are no1è8S ihan four and no more th thirteen in number. Rèlatlonshlp wSth r&lat•d partl•s The charity has key w(king relationships with Cheltenham Borough Council, Chellenham BoroLJgh Homes, resident social landlords, social servi¢8s and tha probation $8rvi¢s. Citizen's Advice Bureau. Caring lor Communilios and Peop, Ch8ng9 Grow Live, Home Grow and P3. 8tatsmont of trustg•s' rosponsSbllltlès The trustee5, who are a150 the directors of Cheltenharn Housing Ale Centre lor the purpose ol company law, are responsible lor preparing the Tru5tees' Report and the financial statements in accordance with applicable law and United Kingdom Accounlin9 Slandards jUnlt8d Kingdorn G8n8rally Ac¥¥pt&d Accounting Practlc81. The Iruslee8' rgport was approved by Ih? Board of Truslo9s and signod on ils bèhalf by,, Ir T P Cadogan Tru8t•• 20 December 2024
CHELTENHAM HOUSING AID CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHELTENHAM HOUSING AID CENTRE I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 chenharn Housing Aid C8ntr8 Ilhe chanlyl for Ihe year ended 31 March 2024. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006. Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•p•nd•nt •xamln•rf8 stat•m•nt I have comploted my exarninalion. I confirm Ihat no rnarters have corne to my atlenkn'on in cL)nneclion wilh the examination giving ma causa lo beliav$ that in any matarial raspècl.. accounting records were not kept in resped ol the charity as required by section 386 01 the Companies Act 2006. the financial statements do not accord with those records., or the financial 51alernenl8 do nDI cotnply with Ihe ac¢x)unling r8quirements of 8eclion 396 of the Compani85 Act 2006 other than any requirement that the fi'nancial statements give a true and fair view, which is not a matter considered 85 part of an indepènd8nt examinallon., or the financial stt)lernent5 have nol bean pr•pared In accordance with Ihe mèthods and prlncipleg ol the Stalamenl of Recommended Practice for 8ccounling and reporiing by charibes 8ppIic8ble lo charilies preparing their finBnci?I statements In acGDrdanG? wllh Ihg Flnanclal Repomlng Standard appll¢ablg Ihe UK and Repu>llc of Iielan*J IFRS 1021. I have no concerns and have c4Jme across no other matters in conneC.0n wilh Ihe examination to which attention Should be ¢rawn in this report in order lo en8blp a proper undersianding of the linan¢io1 Stolemenls lo be reo¢h¢d. Roger Downes FCA K Plus Limlled 6 Manor Park Business Centre Nlackenzie Way Chellenham Gloucèstèrshire GL51 9TX Dated., 20 DÈcèmbèr 2024
CHELTENHAM HOUSING AID CENTRE STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unresirioled funds 2024 unStrICted funds 2023 Notes Incom• from= Donations and legacies Chari18blè 8clivth$s Invaslments 1,598 91,428 45.517 1.464 Tat*l ificofft• g3,026 49.875 Expendlture on= Chariiabla activ8$ 108.626 112,888 Total •xp•nditur• 108,626 112,888 Net expendlture and movement In funds 115,6001 163,01Jl Ro¢on¢lllallon of lunds.. Fuiitj bdldfiGeb dl 1 Apiil 2023 37,478 100.491 Fund balances at 31 March 2024 21,878 37,478 The statement of fin8nci81 activlli85 includes all galns and losses re¢ognlsed In thè year. All In¢ome exponditure derfve from continuing activili8s.
CHELTENHAM HOUSING AID CENTRE STATEMENT OF FINANCIAL POSITION AS A T 31 AIARCH 2024 2024 2023 Not9¥ FlxÈd 8gse18 Tangib18 asse18 10 668 Currènt a88•t8 Debtors Cash at bank and In hand 11 277 G3,701 268 78.162 63,978 78,430 Cr•dilor8= amount$ f811ing du• within on• y•ar 12 142,7681 142,2881 N•t curmnl a860ts 21,210 36,142 Total as8•ts1•88 currnnl Ilabllltl•s 21,878 37,478 N•t ass•t$ 21,878 37.4T8 The lund5 of the charily Unr8slrict•d funds 21,8T8 37.478 21,878 37,478 Th8 company is enlilled lo the exemption from the audit requirem8nl contained in section 477 01 the Companies Act 2006, lor the year ended 31 MgrGh 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 for the year In question in accordance wilh section 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 20 December 2024 T P Cadogan Tru8t•• Company regislrallon number 02241670 (England and W81esl
CHELTENHAM HOUSING AID CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcle8 Ch8rity infowmation chg11onham Howing Ald Cèntr8 18 a private CoMnY Ilrnlted by guarant&& incorporated In England and Vlal•s. Th• r8glsterod officè Is Room B25, Municlpal Offic8s. Prom•nad8. Chellgnham, Glouc8st8rshlré. GL50 9SA, England. 1.1 A¢¢ountlng convontlon The financial stalements have been prepared in accordance ivith the tharity'5 governing docurnent, the Companie5 Act 2006, FRS 102'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP 'Accounling and R8Forting LTry Charilies.. Slal8ment ol ReconifftenLled Praciice applicable to chanlies preparing Ihalr accounts in accordance wilh the Flnancial Reporting Standard applicabl6 in the UK and Republlc ol Ireland IFRS 1021 The charlly 18 8 Publlc Ben8fi1 Entity as defined by FRS 102. Th8 Ilnancial sla16ments aro preparod In 51•rllng, whlch15 tho lunctlonal currency ol th8 charlty. Mon8lary amounts Sn th8sa financlal stAl8m8ntS 8 round8d to thè naar8St £. The linan¢ial st8lements hove been prepared under the hislori¢o1 cost convenl'on. The prin¢ip81 ac¢ounting poli¢ies adoplad are sel out below, 1.2 Golng ¢on¢¢m The Iruslees continue lo consider il appropriate lo prepare Ihe financial slalernen15 on a going concern basis. The Incorne ot 1he Charity arises Irorn grants from 8 number ot donors. and regular lundin9 applications are mpde by the charity. Al the limo tsf signing this report, tho rgserves logtsther with trxpecled don81ions, 8r8 sufficient to Cover the running c051s for al least a further twelve rnonlhs. 1.3 Chril•ble fund• Uiir¥511iLle(J lurids ¥kJli u8¥d iii ¢JbbVI(Jaiive willi Iti Gl)¥rilabl¥ ubjfsLb'v+#¥ ¥1 Ilie 1cl¥ll¥ll vl Ili¥ tru¥l¥¥>, R¥81ii¥lk)d funds can only be used for particular restricted purposes within the objects ol the charity. Restrictions arise when specified by the donor or when funds are raised lor particulor reslricled purposes. Further explanation ol the nature and purpc9 of gach lund is includgd in the nol9$ lo Ihg linanGial $lalgmgnl8. 1.4 Incorn• All incomè 18 regNiSed in Ihe Staièmenl of Financial Activ.8$ oncè Iht charity has enlitl8m8nl to the funds, 51 is probable that the Income will be received and the amount can be measurad reliably. Donations. trading and inveslrnenl ineorne are reeognised on receipt. Grant incomè is Ic¢ognisod on reIpl unless ihere18 8 lulure obligation lo deliver services 8goinsl that income, In which casa il is recognised when those strrvices ara delivered. 1.5 Exp8ndlturo Liabilities are recognised as 8xpendrtur8 as soon as there Is a legal or con8truclive ooligatson cL)mtnitting the charrty lo Ihat expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obllgzllon can be mèasurèd reliably. Expèndlturs 5$ accountèd for on an èccruals basls and has b88n classth8d und9r headings that aggr8gat8 all cosl related to Ihe category. Where cost8 cannot be dir8clly attribLJ18d lo particular headings they heve been allocated to activities on a basis consistent with the use ol sOurceS
CHELTENHAM HOUSING AID CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.6 Tangible fixéd assets Tangihle fixed assets are initially measured at cost end subsequenlly measured al cost or valuation, net ol depreciation and any impairm8nl10ssos. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over Iheir useful livas on Iho following ba66S'. Fixtures and )Iltings 25 /0 on cost Th8 gain or loss arislng on th• disposal of an ass8t Is determingd as Ihe diff&renc8 b•lwe8n th8 salè proc88ds and the C8rrying value ol thg oaaet, and ia reGo9n139d In the 3tutvel ol IlnanGial uLtlviliv8. 1.7 Retlrement ben•flts The charitable company makes contributions Snto personal pension schemes of employees, all of which are defined contribution schemes. Contributions payable are charged to the Slalernenl of Financial Activities in the period to which they rglale. Incom• from donJtlons and 1ogacl•s Unr•$trlct•d funds 2024 Unr••trlet•d fund8 2023 Donallons 1,598 In¢omg from ¢harllabl8 artlvltles Unre6tr1cted lunds 2024 Unrestrlcted funds 2023 Grants 91,428 45,517
CHELTENHAM HOUSING AID CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¢om• from ¢lk8ritable adivititrs Icontinutdl Ptsrformaneo ralttod grants thnolyJi& 2024 2023 Bainwood Tiust Glouceslershire Community Foundation Gloucesl8rshire County Council Albert Hunt Trusl Cenlrica Management Mayor's Charity Collaction National 8enevolent Charity Glouce51ershire Fund8rs INHS ICBI Dent 8rocklehurst Charitable Family Trust Garfield Weston Foundation Henr Smth Ch8ri1y Other 30,000 8.000 7,500 s.000 2,000 8.344 11,000 15,000 2,500 10,000 10,LXIO 10,QIO 4.917 2,084 87,260 45.517 Income from Investments Unrestrlctod funds 2024 Unmstrl¢ted fvnd$ 2023 Inleresi recoivable 1,464
CHELTENHAM HOUSING AID CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendltur6 on charStablo actlvltles Total 2024 Total 2023 Dlm¢t ¢ost8 Staff wsts Deprtrclalion and Impalrment Rent Rates and walar Insurance Ollice Costs Rep8irs & maintenan¢9 Bank charges Training Costs 94,394 GG8 5.300 85,&)2 GG9 5,767 87 1,624 3,830 11.40T 92 1,168 3,844 45 9S 106,162 108,978 Shar• of support and gov•rnancè costs Is•8 notè 61 Governance 2,4e4 3.910 108,626 112,888 Analysls by fund Unr8Strlc18d funds 108.626 112,888 support cost5 allocated to actlvllles 2024 2023 Governance eA)sIs 2.464 3.910 Analysed between: Accountancy lees BoDkk8èplng and payroll colts 1,772 692 2,101 2,464 3.910 Tru¥t99$ None of Ihe trustees lor any persons conne¢led with Ihemi received any remunerallon or benefits from the charity during Ihe year. 10-
CHELTENHAM HOUSING AID CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees The 8ver8ge mtsnthly number of employees during the yeer w8S'. 2024 Numb•r 2023 Numbgr Employmént costs 2024 2023 Wages and $8larles Social security costs Othtsr pension costs 82,153 1,936 10,305 79,677 1,818 4.LX)g 94,394 85.502 Ther$ Wtr no gmployges whosg annual r&mun¢rali(>n was rn0 Ihan £60,000, Taxatlon The charity is exempt from trxalion on its activities because all its incorne is applied for oharitable purposes. 10 Tanglble flxed aBsets FIx¢ur•* •n Cost Al 1 pri1 2023 2.674 At 31 March 2024 2,674 Depreclatlon and Impalrment At 1 Ppril 2023 Depreciation charge(J in the year 1.338 668 At 31 M8rch 2024 Carrylng amount At 31 March 2024 668 At 31 March 2023 1,116 11 D•btors 2024 2023 Amounts lalling due within one year.. Prepaymenls and accrued income 277 11
CHELTENHAM HOUSING AID CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Credllors.. amounts falllng due wlthSn one year 2024 2023 Other creditors Accruals and deferred income 40,610 2,158 36.734 42.768 42,288 Other creditors includes a reserve for potential redundancies in the evenl of cessation of core services. Income in advanGe represen15 9ranl inGoffle received during an eai.lier year, whiGli relates speGifiGally to PEiiods after Ihe year-end date. 13 Unr•strlct•d furnds Th8 unrgstrict8d func1$ of tho charity compr15e Ihg ungxp8nd8d balanc85 of donations and grants which are not subjeGt lo spo¢ific ¢ondrtions by donors ond 9ranlors as lo how they may be used. These iwlude dpsignaled funds whi¢h have bggn sel asidg out ol unreslri¢1gLI lund$ by the Iru$lge$ for spgcilic purposgs. At 1 Aprll 2023 In¢omlng r4sourc&s R•sour¢•• gxp&nd•d At 31 March 2024 General lund 37,478 93,026 1108,6261 21.878 Prnvious year: At 1 April 2022 Incoming r•8ourc•8 R680urc•8 &Xnded At 31 March 2023 Genergl fund5 100.491 49,875 1112,8881 37,478 14 Contlng•nt Ilabllltl•$ Various lunders relain the right lo claw back grants should the use of the funds not b8 In accordance wlth th• 18rms ol Ihg grant. In th& opinion of tho trustèès no such liability èxistÉ at thè yèar ènd. 15 Rolat•d party tran$actlon$ There were no di8closable related party transacticS during the year12023- none). 12-
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