THE SOCIAL HOUSING FAMILY CIC

Company limited by guarantee

Company Registration Number:
11667993 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THE SOCIAL HOUSING FAMILY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE SOCIAL HOUSING FAMILY CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company in the period under review was that of commissioning social housing for the public interest

Additional information

Directors appointed since the year end but prior to the date of this report: D Quarry - appointed 1 August 2024 STATEMENT OF DIRECTORS' RESPONSIBILITIES The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

P R Cottrell
D Quarry


The director shown below has held office during the period of
1 April 2023 to 6 December 2023

Ms L J Rodgers


The director shown below has held office during the period of
6 December 2023 to 31 March 2024

D Baladasan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 January 2025

And signed on behalf of the board by:
Name: D Quarry
Status: Director

THE SOCIAL HOUSING FAMILY CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Administrative expenses: ( 416,854 ) ( 426,296 )
Other operating income: 422,092 430,000
Operating profit(or loss): 5,238 3,704
Interest receivable and similar income: 856 796
Interest payable and similar charges: ( 41 ) ( 5 )
Profit(or loss) before tax: 6,053 4,495
Tax: ( 1,145 ) ( 855 )
Profit(or loss) for the financial year: 4,908 3,640

THE SOCIAL HOUSING FAMILY CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 20 20
Total fixed assets: 20 20
Current assets
Debtors: 4 717,684 56,398
Cash at bank and in hand: 10,684 578,884
Total current assets: 728,368 635,282
Creditors: amounts falling due within one year: 5 ( 707,427 ) ( 619,249 )
Net current assets (liabilities): 20,941 16,033
Total assets less current liabilities: 20,961 16,053
Total net assets (liabilities): 20,961 16,053
Members' funds
Profit and loss account: 20,961 16,053
Total members' funds: 20,961 16,053

The notes form part of these financial statements

THE SOCIAL HOUSING FAMILY CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: D Quarry
Status: Director

The notes form part of these financial statements

THE SOCIAL HOUSING FAMILY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Significant judgements and estimates No significant judgements or estimations have been applied in the preparation of the financial statements. Investments in subsidiaries Investments in subsidiary undertakings are recognised at cost. Financial instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties. Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Debtors Short term debtors are measured at transaction price, less any impairment. Creditors Short term creditors are measured at the transaction price. Going concern The financial statements have been prepared on the going concern basis which assumes the continued support of the directors and other related entities. The directors have confirmed this support will continue and believe that no adjustments relating to the company's ability to continue as a going concern need to be made to these financial statements.

THE SOCIAL HOUSING FAMILY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

THE SOCIAL HOUSING FAMILY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed assets investments note

Shares in group undertakings COST At 1 April 2023 and 31 March 2024 £20.00 The above investment is in relation to the wholly owned subsidiary, Auckland Home Solutions CIC

THE SOCIAL HOUSING FAMILY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 15,876 0
Other debtors 701,808 56,398
Total 717,684 56,398

Other debtors includes amounts owed by related parties of £500,000 (2023: £49,000)

THE SOCIAL HOUSING FAMILY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 4,872 948
Taxation and social security 2,005 8,440
Other creditors 700,550 609,861
Total 707,427 619,249

Included within other creditors is an amount owing to a related party of £684,503 (2023: £597,569)

COMMUNITY INTEREST ANNUAL REPORT

THE SOCIAL HOUSING FAMILY CIC

Company Number: 11667993 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The CIC acts as a member of register providers (RPs) of social housing, making decisions as to who should sit on their boards and ensures that the principles set out in their governing documents are upheld. The CIC helps to ensure that RPs are well run and effective by appointing people with the required skills and experiences to their boards. Additionally, the CIC helps to ensure that the principles on which RP's are founded continue to be respected. This benefits the tenants of the RPs directly, but also the communities in which RPs work, since RPs often carry out additional activities outside of managing housing.

Consultation with stakeholders

The company stakeholders are the Registered Providers and other charitable entities who are members of the Group. The CIC seeks to enhance the evolution and development of the social housing sector in the UK and in particular of care-based specialist supported housing. The CIC places the customer/service user at the very heart of its plans, and will be judged by the benefits that accrue to customers/service users as well as the value for money associated with delivered services.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £81,650

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 January 2025

And signed on behalf of the board by:
Name: Daryl Quarry
Status: Director