ISUPPORTEDHOUSING HUB CIC

Company limited by guarantee

Company Registration Number:
13701075 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

ISUPPORTEDHOUSING HUB CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

ISUPPORTEDHOUSING HUB CIC

Directors' report period ended 31 October 2024

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

Principal activities of the company

iSupportedHousing HUB CIC is a supported living provider based in the West Midlands who collaborates with property owners, developers, local authorities and third party sector organisations to deliver high quality housing and tailored support for vulnerable individual



Directors

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

Kuldip Chani
Susan Clark
Mharyia Kiran SABAR


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
12 June 2025

And signed on behalf of the board by:
Name: Kuldip Chani
Status: Director

ISUPPORTEDHOUSING HUB CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 253,922 71,618
Cost of sales: 0 0
Gross profit(or loss): 253,922 71,618
Distribution costs: 0 0
Administrative expenses: ( 234,582 ) ( 103,050 )
Other operating income: 0 0
Operating profit(or loss): 19,340 (31,432)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 19,340 (31,432)
Tax: 0 0
Profit(or loss) for the financial year: 19,340 (31,432)

ISUPPORTEDHOUSING HUB CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 9,443 1,509
Cash at bank and in hand: 3,812 1,016
Investments:   0 0
Total current assets: 13,255 2,525
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 25,524 ) ( 34,134 )
Net current assets (liabilities): (12,269) (31,609)
Total assets less current liabilities: (12,269) ( 31,609)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (12,269) (31,609)
Members' funds
Profit and loss account: (12,269) ( 31,609)
Total members' funds: ( 12,269) (31,609)

The notes form part of these financial statements

ISUPPORTEDHOUSING HUB CIC

Balance sheet statements

For the year ending 31 October 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 12 June 2025
and signed on behalf of the board by:

Name: Kuldip Chani
Status: Director

The notes form part of these financial statements

ISUPPORTEDHOUSING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaim1ent losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings 33% RBM Computer Equipment 33% RBM

    Other accounting policies

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

ISUPPORTEDHOUSING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 4

ISUPPORTEDHOUSING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Trade debtors 9,443 1,509
Prepayments and accrued income 0 0
Other debtors 0 0
Total 9,443 1,509
Debtors due after more than one year: 0 0

ISUPPORTEDHOUSING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 12,246 21,076
Taxation and social security 0 358
Accruals and deferred income 1,728 1,150
Other creditors 11,550 11,550
Total 25,524 34,134

COMMUNITY INTEREST ANNUAL REPORT

ISUPPORTEDHOUSING HUB CIC

Company Number: 13701075 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

ISupportedHousing HUB CIC, located in the West Midlands, assists individuals dealing with mental health challenges. Since its opening on October 25, 2021, the company has provided housing for residents facing mental health challenges. They offer support to help these residents acquire the necessary skills for independent living, enabling them to access the private rented sector and find employment, thus reducing reliance on the benefit system. We’ve assisted residents in accessing benefits and housing systems, while also developing customized support plans to help them acquire the necessary skills for independent living. This approach reduces their reliance on welfare assistance. We collaborate with charitable organizations (CICs) to receive donations that fund essential services for our residents, covering day-to-day requirements and support. Additionally, we’ve received grants and donations from both organizations and individuals to further enhance our services. Our goal is to assist residents in transitioning to their own accommodation and securing employment, reducing their reliance on the benefit system. Additionally, we’ve established reliable networks with referral agencies across the West Midlands, facilitating referrals for residents who require support and managing housing waiting lists. We’ve conducted presentations within networks to educate others about the workings of supported living and how they can contribute properties to assist those in the local community. At present, we manage 8 properties, accommodating 25 service users simultaneously. Additionally, we’ve established a property pipeline that will be sustainably onboarded to provide housing for more residents in need, aligning with our future plans to address the growing demand within the community

Consultation with stakeholders

ISupportedHousing HUB CIC have a board who they report activity to and receive advice from in order to run and grow the organisation. The Board meet twice a year face to face and then communicate via correspondence in between meetings where they can provide a steer where the organisation has anything they need to have clarified. Taking actions based on their responses is helping the CIC to grow sustainably in order to house and support those facing mental health issues. Each board member has their own unique specialism. All residents who are housed with the organisation know they can feedback any issue or wins which are taken into account and responded to. Residents have regular support sessions and wellbeing checks and can also contact their support workers at any time if they wish to discuss any issues they have during their stay with the provision. All requests are actioned in a timely manner. The organisation has also linked into local community networks such as food banks, community centres, mental health services, NHS services and training academies to in order to improve services for residents and build trusted network. As the CIC receives donations and grants, we publicise what the donations and grants have been used for on social media, so people who donate can see what use is being made with the donations made. We meet with our accountant and keep them up to date on the finances of the organisation via reporting systems

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 June 2025

And signed on behalf of the board by:
Name: Kuldip Chani
Status: Director