Company registration number 08972242 (England and Wales)
LETS FOR LIFE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
LETS FOR LIFE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr DR Cameron
Mr RG Thompson
Mrs N Andrews
Mr A Crofts
Mrs A Wood
Ms J Saville
(Appointed 1 May 2024)
Charity number
1157757
Company number
08972242
Registered office
Hensmill House
9-13 Manchester Road
Wilmslow
Cheshire
SK9 1BQ
Independent examiner
Mr N S Jenkins FCA
c/o SJC Chartered Accountants
St John's Chambers
Love Street
Chester
Cheshire
CH1 1QN
LETS FOR LIFE
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 14
Company registration number 08972242 (England and Wales)
LETS FOR LIFE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
LETS FOR LIFE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Lets for Life provides high quality homes with excellent standards of specialist supported housing management.

 

These enable people who have learning disabilities with complex support needs to have a tenancy and live in the local community. It works with private landlords, philanthropists, investors, statutory and voluntary bodies, providers and above all, tenants and their families, to get the right home for the right tenant. Lets for Life provides ongoing additional housing management to its tenants to ensure they have everything they need to fulfil a safe and happy tenancy in a place they want to live in.

 

Lets for Life believes that all individuals have a right to be treated with respect and dignity, regardless of the

differences between them in age, gender, marital status, race, sexuality, religion, culture, language or disability. It strives for equality in all aspects of the charity and welcomes diversity, without discrimination. Lets for Life strongly believes that constant monitoring and reviewing of its general structure, operations, policies and procedures is required for continuous improvement. This is completed not only by internal, external and tenant review, but with a strong focus on coproduction and consultation.

 

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

Following on from the previous years’ significant work on onboarding 4 new Transforming Care projects, Lets for Life have taken on a further one, based in the South East. Alongside these projects utilising NHS capital grant funding, Lets for Life continue to access ethical avenues of private funding to develop more choice for quality supported housing. Strong development and relationships have continued to grow in the key areas identified around the North West and Yorkshire.

 

Lets for Life were a key party to delivering the housing for Leeds Small Supports Programme – as the only Registered Provider who agreed to take part in it. This has since been used a good practice case study and talked about nationally.

 

This year Lets for Life was proud to be included for full participation in in the Small Provider pilot with the Regulator of Social Housing, to feedback full reporting of the Tenant Satisfaction Measures. The trustees were impressed with the overall response rate and results which came out of the questionnaire. It demonstrated that, of the tenants who responded, 93% of tenants felt that Lets for Life treated them fairly and with respect. 88% were satisfied that Lets for Life provides a home that they feel is safe. 91% were satisfied with Lets for Life overall. Whilst this is a positive response – there is always room for improvement. Lets for Life are looking to engage further with tenants to gain further insight and ideas of how we can be better.

 

We received 24 stage one complaints (per 1000 homes) – 1 in the whole 2023-2024 period, which were satisfactorily resolved within the timescales set out within the Housing Ombudsman’s Complaints Handling Code.

The Trustees believe this is reflective of only having a high staff to tenant ratio - we have invested in resource to ensure that tenants receive a first class service from every member of our team and contractor representatives.

Despite this, Lets for Life continually strive for improvement and the monitoring the Complaints Handling Code ensures, allows for us to do this. They welcome all feedback to help us to continue to drive up performance and satisfaction to all our tenants and stakeholders.

 

LETS FOR LIFE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Financial review

Given the reasons detailed in Achievements and Performance, the Board of Trustees are satisfied with the overall financial performance.. Given the significant growth fulfilled and challenges faced with providing excellent housing and support to our tenants, and navigating complex Transforming Care framework and projects, the Trustees are confident in the opportunity ahead with a team that is well equipped with the knowledge, skills and confidence to grow the business from its core base.

 

Through funding from its parent charity via an intra-group agreement, Lets for Life was able to maintain a healthy financial position. The company's financial resources are being closely monitored, recorded and reported at a managerial and Board level, and will continue to be so on an ongoing basis.

 

At the point of registration, it was approved by the HCA that the charity commits to hold a balance in reserves of £100,000 in order to fund ongoing liabilities and to protect the business from any shortfalls in revenue. Unrestricted reserves at 31 March 2024 amounted to £355,842.

 

One of the Trustees, Mr Cameron (via Hensmill Estates), has made available a number of properties at Newton Place and The Old Vicarage. These properties are leased by Lets for Life from Hensmill Estates and thereafter rented on by Lets for Life to individual qualifying tenants. The rental level between Hensmill Estates and Lets for Life is set using identical parameters as are operated with third party landlords.

 

In the view of the trustees, the rents paid are discounted from the market rates that Hensmill Estates could achieve by renting the properties directly on the open market.

 

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

Lets for Life is a registered charity (No 1157757), a company limited by guarantee (No 08972242) and specialist supported housing provider for individuals with learning disabilities who have complex support needs. It is a wholly owned subsidiary of its parent charity, The Cameron Charitable Trust.

 

Lets for Life is regulated by the Charity Commission and is registered with the Regulator of Social Housing as a Private Registered Provider of social housing (No 4863). To meet the Standards set (Governance and Financial Viability, Value for Money, Rent, Tenancy, Tenant Involvement and Empowerment, Neighbourhood and Community, Home), Lets for Life has adopted and complies with the National Housing Federation's Code of Governance.

 

Along with the charity's Articles of Association, the compliance with these standards is governed by Lets for Life's elected Board of Trustees. It is responsible for ensuring the charity strives for and achieves the strategic and financial objectives it sets, demonstrating probity at all times.

 

Lets for Life invests in its organisational structure and staff members who manage the charity demonstrating their specialist expertise, passion and knowledge.

 

LETS FOR LIFE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr DR Cameron
Mr RG Thompson
Mrs N Andrews
Mr A Crofts
Mrs A Wood
Ms J Saville
(Appointed 1 May 2024)
Recruitment and appointment of trustees

Trustees are recruited by reference to an Appraisal Review and Framework of Competency to ensure the composition of the Board such that it can perform effectively.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' report was approved by the Board of Trustees.

Mr RG Thompson
Trustee
30 September 2024
LETS FOR LIFE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LETS FOR LIFE
- 4 -

I report to the trustees on my examination of the financial statements of Lets For Life (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr N S Jenkins FCA
c/o SJC Chartered Accountants
St John's Chambers
Love Street
Chester
Cheshire
CH1 1QN
Dated: 30 September 2024
LETS FOR LIFE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
21,875
21,875
Other trading activities
4
445,196
356,642
Other income
5
7,480
11,691
Total income
474,551
390,208
Expenditure on:
Charitable activities
6
377,705
340,456
Total expenditure
377,705
340,456
Net income and movement in funds
96,846
49,752
Reconciliation of funds:
Fund balances at 1 April 2023
258,996
209,244
Fund balances at 31 March 2024
355,842
258,996

The statement of financial activities includes all gains and losses recognised in the year.

 

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

LETS FOR LIFE
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
12
99,024
122,532
Current assets
Debtors
13
138,725
238,585
Cash at bank and in hand
304,396
463,285
443,121
701,870
Creditors: amounts falling due within one year
15
(186,303)
(565,406)
Net current assets
256,818
136,464
Total assets less current liabilities
355,842
258,996
Net assets excluding pension liability
355,842
258,996
The funds of the charity
Unrestricted funds
355,842
258,996
355,842
258,996

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 30 September 2024
Mr RG Thompson
Trustee
Company registration number 08972242 (England and Wales)
LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
1
Accounting policies
Charity information

Lets For Life is a private company limited by guarantee incorporated in England and Wales. The registered office is Hensmill House, 9-13 Manchester Road, Wilmslow, Cheshire, SK9 1BQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Property rental commissions and management charges are recognised when the charity has established the right to receive the income through performance of the related services, measured by reference to the stage of completion.

LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure includes all VAT which cannot be recovered.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line
Computers
20% straight line
Motor vehicles
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments 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 to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 9 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donated goods and services
21,875
21,875
LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£

Rental of properties

445,196
356,642
5
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£

Management fees

7,480
11,691
6
Expenditure on charitable activities
Rental of Properties
Rental of Properties
2024
2023
£
£
Direct costs

Property repairs, maintenance, etc

125,116
92,091
Share of support and governance costs (see note 8)
Support
204,986
242,210
Governance
47,603
6,155
377,705
340,456
Analysis by fund
Unrestricted funds
377,705
340,456
7
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
23,508
23,508
LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
8
Support costs allocated to activities
Support    costs
Governance costs
Total
Support    costs
Governance costs
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Staff costs
22,070
-
22,070
22,070
-
22,070
Depreciation
23,508
-
23,508
23,508
-
23,508
Staff training, travel, etc
17,805
-
17,805
34,507
-
34,507
Premises costs
107,051
-
107,051
120,048
-
120,048
Communications and IT
24,784
-
24,784
29,276
-
29,276
Other Support Costs
9,768
-
9,768
12,801
-
12,801
Legal and professional
-
44,919
47,603
-
4,715
4,715
Independent Examiner's fees
-
2,684
-
-
1,440
1,440
Charitable activities
204,986
47,603
252,589
242,210
6,155
248,365
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
1
1
Employment costs
2024
2023
£
£
Wages and salaries
22,070
22,070
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
12
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
117,800
24,170
20,684
162,654
At 31 March 2024
117,800
24,170
20,684
162,654
Depreciation and impairment
At 1 April 2023
23,560
9,668
6,894
40,122
Depreciation charged in the year
11,780
4,834
6,894
23,508
At 31 March 2024
35,340
14,502
13,788
63,630
Carrying amount
At 31 March 2024
82,460
9,668
6,896
99,024
At 31 March 2023
94,240
14,502
13,790
122,532
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
52,276
166,230
Prepayments and accrued income
86,449
72,355
138,725
238,585
14
Loans and overdrafts
2024
2023
£
£
Directors' loans
5,000
5,000
Payable within one year
5,000
5,000
LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
15
Creditors: amounts falling due within one year
2024
2023
£
£
Borrowings
5,000
5,000
Trade creditors
20,419
31,757
Amount owed to parent undertaking
75,295
156,600
Other creditors
77,973
369,901
Accruals and deferred income
7,616
2,148
186,303
565,406
16
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
258,996
474,551
(377,705)
355,842
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
209,244
390,208
(340,456)
258,996
17
Related party transactions
Transactions with related parties

At the year end, the charitable company owed £75,295 (2023: £156,600) to The Cameron Charitable Trust. Mr D R Cameron is a trustee and director of both charitable companies.

 

At the year end, the charitable company was owed £51,311 (2023: £158,524) by Hensmill Estates LLP. Mr D R Cameron is a partner in this business.

 

The charitable company benefited from rent-free office space provided by Mr D R Cameron.

 

Mr D R Cameron provided a loan of £5,000 to the charitable in the year ended 31 March 2023 towards the cost of a motor vehicle. The balance remains outstanding at the year end.

LETS FOR LIFE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
18
Limited by guarantee

The charity is a company limited by guarantee and has no share capital. Every member of the charity undertakes to contribute to the assets of the charity in the event of the same being wound up during the time he/she is a member or within one year afterwards for payments of the debts and liabilities of the charity contracted before the time he/she ceases to be a member, and of the costs, charges and expenses of winding up the same and for the adjustment of the right and contributories amongst themselves, such amount as may be required not exceeding £1 or equivalent.

19
Controlling party

The parent undertaking is The Cameron Charitable Trust, a charitable company registered in England and Wales and registered office of 9-13 Manchester Road, Wilmslow, Cheshire, SK9 1BQ.

20
Housing stock

At the balance sheet date, the company managed 81 units (2023: 82 units) of supported housing. The company does not own any housing units and has no exposure to void losses.

21
Funds held as agent and assets held as custodian trustee

As part of the Transforming Care project, the charity received funds from NHS England to acquire four properties and pay for the adaptions necessary to meet the requirements of tenants with complex needs. Title to these properties is held in the name of Lets for Life on trust for NHS England. As such, they are not assets of the charity and are not therefore included on the balance sheet.

 

Acting in its capacity as agent for NHS England for the delivery of the project, the charity received a total of £429,537 during the year and paid out £776,430. The balance of funds held as agent at 31 March 2024 was £18,525.

2024-03-312023-04-01falseCCH SoftwareiXBRL Review & Tag 2022.2089722422023-04-012024-03-3108972242bus:Director12023-04-012024-03-3108972242bus:Director22023-04-012024-03-3108972242bus:Director32023-04-012024-03-3108972242bus:Director42023-04-012024-03-3108972242bus:Director52023-04-012024-03-3108972242bus:Director62023-04-012024-03-31089722422024-03-31089722422023-03-31089722422022-04-012023-03-3108972242bus:FRS1022023-04-012024-03-3108972242bus:IndependentExaminationCharity2023-04-012024-03-3108972242bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP