Charity registration number 1074401 (England and Wales)
Company registration number 3686284
CHESTER AID TO THE HOMELESS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CHESTER AID TO THE HOMELESS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
N Wallace
J Arnold
J Carroll
A Melia
S Worger
J Davies
C Edwards
A Rosenbloom
S Hall
(Appointed 12 July 2024)
Secretary
R D Whittall
Charity number (England and Wales)
1074401
Company number
3686284
Registered office
The Bluecoat
Upper Northgate Street
Chester
CH1 4EE
Independent examiner
Mitchell Charlesworth
24 Nicholas Street
Chester
CH1 2AU
Bankers
Lloyds Bank plc
National Clubs
Charities and Societies Centre
Sedgemoor House
Deansgate Avenue
Taunton
TA1 2UF
Solicitors
Cullimore Dutton Solicitors Limited
27 Newgate Street
Chester
CH1 1DE
Investment advisors
Ludlow Wealth Management Group Ltd
172 Lord Street
Southport
Merseyside
PR9 0QA
CHESTER AID TO THE HOMELESS
CONTENTS
Page
Trustees' report
1 - 5
Statement of trustees' responsibilities
6
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Notes to the financial statements
10 - 19
CHESTER AID TO THE HOMELESS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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

Chester Aid to the Homeless (CATH) primarily exists to meet the needs of homeless people in Chester and the

surrounding area. It is a well-established service provider of day services and supported accommodation; the charity works with other partner agencies to ensure the best available service options for individuals.

 

The charity works with individuals to achieve stability and to progress accommodation options. CATH structures client support plans that encourage positive outcomes, improve circumstances and thereby increasing pathway opportunities to success.

 

Staff engage with clients to increase self–esteem including individual and group sessions which form the basis of

development programmes. A continued focus on trauma informed practice also underpins the programmes giving clients an opportunity to begin to deal with their individual circumstances and improve their outcomes to work towards achieving a more settled future. Improved access to counselling and mental health provision has helped with this aim.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding the activities that should be undertaken as part of the service model.

Achievements and performance
Significant activities and achievements against objectives

Chester Aid to the Homeless is the longest established homeless charity in Chester that also serves the surrounding area. This year the importance of the role that the charity plays has been obvious in the increase in service demand and the modern-day presenting issues of homelessness have now changed. Homelessness is no longer just about people in temporary accommodation, ‘sofa-surfing ‘or ‘rough sleeping’; the cost-of-living crisis combined with the housing crisis has meant that we are regularly supporting people in accommodation. In short, if you were struggling to make ends meet before COVID, financial conditions and housing options are definitely more challenging now. This has meant that from a very human perspective the accessibility and in-person support that the CATH team provides has been more needed than ever before.

Our face-to-face, group and partnership work are all in place for the benefit of the individuals who look to access our day services and our managed accommodation with support. This in-person delivery has been particularly important for individuals who are new to homelessness and are trying to navigate and cope with their changing circumstances and also for individuals that need a high level of support. In a world of telephone options, email and electronic referrals; being able to speak to someone about your issues is key to beginning to gain some stability and progress.

 

With the increase in service demand and a broader range of people looking to access our services we have had to increase our capacity by strengthening our working partnerships. The General Practice health provision provided by St Werburghs that has been in place since The Harold Tomlins Centre opened in September 2001 has continued and been further supplemented with Mental Health support and access to counselling. This access to health provision has been invaluable as financial and housing insecurity are in themselves drivers for poor physical and mental health and health and safeguarding concerns have made up a big proportion of our support workload.

CHESTER AID TO THE HOMELESS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

Partnership work with Spider Work Café 71, that provides additional resource for people struggling with emotional and psychological distress has been critical to manage the load and a joint art therapy session allows people a safe space to deal with issues. Likewise, Soul Kitchen that runs catering sessions provides people with a place to learn new skills, be social and feel that they can contribute in a meaningful way has led to them setting up ‘Sunset Café’ a working kitchen and café open to the public. These initiatives provide individuals who access homeless services a real opportunity and place of change and show the strength of partnership working to mitigate the factors driving the increase in people accessing our services.

Noting the examples above CATH has again had to adapt to all these changes in demand while managing the increasing operating costs to every aspect of providing services. Maintaining service delivery has again been achieved by making the most of every relationship we have with charitable and statutory services and The Harold Tomlins Centre continues to be used by most services as a hub to meet and work with individuals.

As stated in the previous years’ accounts CATH has become a well-established ‘community resource’, not just in terms of longevity, but as a place that a broader group than ever before are accessing to find their way. This ‘community resource’ aspect of our service is reflected in the continued support that CATH benefits from local individuals, community groups and the wider business community and despite the on-going financial pressures donations for the reporting year remained extraordinarily generous at £113,726.

Financial review

Financial support for CATH’s work for the homeless continued to benefit from public and corporate donations, totalling £113,726 for 2024-25, an increase of £21,977 from 2023-24, which noting the economic climate is a very tangible show of support for CATH.

 

The Aviva investment holding at the start of the year was £234,479 and at the year-end was £242,402. This continues to be held in a portfolio managed by an Aviva Platform, the oversight of it by an investment is with Ludlow Wealth Management. The portfolio held is low risk but has been impacted by economic instability

.

The 2024-25 financial year resulted in a surplus of £24,807 (2023-24, deficit of £22,152) bringing reserves to £650,101 at 31 March 2025. The main driver from the previous year’s deficit to a surplus position was the ending of local authority policy where people were temporarily accommodated due to COVID 19 public health emergency and

the general increase in demand for supported and managed accommodation in this reporting year.

Reserves policy

The Board decision regarding the unrestricted reserves policy remains that we should ideally hold a minimum of 75% of an average one year’s operating costs in reserve amounting to £306,296 in 2024-25.

 

The aim is to maintain a suitable level of reserves consistent with the ongoing activities of the charity, such that negative fluctuations in funding do not have an immediate adverse impact on clients or staff. In addition, reserves are provided to make good any deficits arising from duly authorised projects.

 

The unrestricted reserves of £650,101 as at 31 March 2025 represents approximately two years of current expenditure of the charity.

CHESTER AID TO THE HOMELESS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Designated funds

Brief details of the charity's designated funds are as follows:

 

Care and Development Fund

This is the principal reserve fund for supporting the ongoing general activities of CATH.

 

IT/IS Fund

A fund to ensure that CATH can obtain and run efficient and effective administration processes as required by the regulatory authorities and to the ultimate benefit of the client group.

 

Contents Replacement Reserve

The nature of the CATH services and client groups results in a short life and heavy utilisation of furniture and effects in the hostels, houses and the Harold Tomlins Centre. This reserve facilitates replacement of this equipment to maintain an adequate, if basic, standard of accommodation.

 

Redundancy Reserve

With no guarantee of ongoing funding for some of the activities of CATH this reserve is necessary to protect the interests of staff in the event of redundancies.

 

Development Fund

The fund permits the expansion of CATH activities where consistent with the aims of the charity.

 

Dilapidations Reserve

CATH does not own any of the properties it uses. This fund is necessary to provide any dilapidation payments that may arise for which CATH is responsible under the terms of the lease should buildings be returned to the landlords. There was no spend from this fund during 2024-25 (2023-24 - no spend).

 

Legacies Fund

There is currently one potential legacy which is long-standing and showing no signs of producing further income. The legacy fund is therefore reduced to a more realistic value and the balance added to the new property purchase fund.

Buildings Reserve

As all of the buildings occupied by CATH are relatively old this fund is necessary to provide for any costs that may arise in connection with any significant repairs maintenance or upgrading of the buildings or their facilities for which CATH is responsible under the terms of the lease.

 

During 2024-25 all repairs were funded from general reserves.

 

Contingency Reserve

A reserve fund for unexpected events or other adverse financial situations.

 

New Property Purchase Fund

This fund is being created to enable the Charity to purchase a house designated as a “house in multiple occupation”. Until now all our properties have been rented from landlords, which has been a very beneficial model over the years, but the Board believes it would be prudent to have at least one property owned outright when market conditions for purchase are more favourable in the future.

Investment policy

Cash reserves are held in in a portfolio with Aviva Platform plus a current account with Lloyds Bank and a charity account with Virgin Money. The investment funds can be made available within a short lead time should the need arise.

CHESTER AID TO THE HOMELESS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Major risks

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

 

With the advent of COVID 19 the onset of another exceptional disruption cannot be ruled out. The charity is well placed with sufficient reserves but has reviewed its working practices and outlined a business contingency plan to offset any possible future negative impact. The trustees will monitor and review any other factors as they arise.

Plans for future periods

Our previous year had a focus on health and access to housing and it was right that those two aspects were front and centre as they dominated the workload of the charity for the year especially with the rise of health and safeguarding issues. However, with a backdrop of increasing service demand and resources that have limits it is clear that the modern day presenting of homelessness require local collaboration and partnership working on a bigger scale than ever before.

 

CATH will continue to provide essential services such as access to health, information, advice and guidance, accommodation options, food, clothing, laundry and showers, but we need to work together to solve the

individual and complex issues that cause homelessness and improve accommodation and support options.

 

We will work with statutory and non-statutory partners to influence service design so that individuals can access more intensive support and a route to progress can be encouraged and supported. The Café 71: Art Group and Soul Kitchen: Sunset Café are working examples of projects changing how people feel about themselves and improving their options. CATH will look to promote engagement from both the local and wider community for the benefit of the individual and the City and surrounding area as a whole.

 

The challenge for CATH is in an environment where service-demand is rising and related services are at capacity is about managing costs whilst continuing to provide the support and service required. We will focus on expanding and utilising our volunteer base and to work with other groups to increase capacity and manage costs.

 

We will continue to work with Cheshire West and Cheshire Council and look to gain bids or funding to support projects and initiatives that help individuals and benefit the wider community.

 

We have gone some way to utilise social media to highlight issues and gain support, but work is still to be completed on Website and widening individual and local business support.

 

The Harold Tomlins Centre is due to mark its 25th anniversary in 2026 since being opened by the Duke of Westminster in September 2001 and we will use the opportunity to strengthen our relationships and our place as a community resource.

 

Our current Chair, Mr Neil Wallace is stepping down in a planned way September 2025 and the new CATH Chair of Trustees and the Board as a whole will take the opportunity to review the CATH strategy.

 

CATH will continue to provide day services and accommodation with support that aligns with the emerging changes in homelessness. This individual and responsive approach has its origin in 1972 when CATH was first established and the Charity will continue to provide a key role in helping people to help themselves.

Structure, governance and management

The charity is a company limited by guarantee, incorporated on the 21 December 1998 and is therefore governed by a Memorandum and Articles of Association.

CHESTER AID TO THE HOMELESS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

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:

N Wallace
J Arnold
J Carroll
A Melia
S Worger
J Webb
(Resigned 15 May 2025)
J Davies
C Edwards
A Rosenbloom
A Ellwood-Roberts
(Resigned 9 April 2025)
S Hall
(Appointed 12 July 2024)
Recruitment and appointment of trustees

CATH endeavours to ensure that the board has a wide range of skills and experience such as finance, human resources, fundraising etc and considers this prior to appointing new trustees.

 

The trustees are collectively responsible for the governance of the organisation. The CEO reports directly to the chair at monthly supervision sessions and to the full Board of Trustees at quarterly meetings. Additionally, the Board of Trustees hold strategic planning away days which all trustees attend. A strong commitment prevails in respect of the trustee development programme which manifests itself through training in areas such as trustee responsibilities, internal audit, information security and any other topical areas of governance.

 

The CEO works with one service manager to deliver services and accommodation with support. Continuous improvement of service delivery remains key to CATH’s success. The operational teams work to outcome measures to ensure the economy, efficiency and effectiveness of service. Performance indicators, client feedback mechanisms and peer-to-peer review ensure true client engagement remains a priority.

Qualifying third party indemnity provisions

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Remuneration policy

The remuneration of key management personnel is determined annually by the trustees. Traditionally the level of remuneration has been determined by reference to the annually revised pay scales of the union Unison for workers in similar positions to CATH's employees. For the last few years the trustees have considered key economic indicators such as performance of RPI and average level of pay increases in the previous 12 months.

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

N Wallace
Trustee
12 September 2025
CHESTER AID TO THE HOMELESS
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -

The trustees, who are also the directors of Chester Aid To The Homeless for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CHESTER AID TO THE HOMELESS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHESTER AID TO THE HOMELESS
- 7 -

I report to the trustees on my examination of the financial statements of Chester Aid To The Homeless (the charity) for the year ended 31 March 2025.

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.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales (ICAEW), 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 Companies Act 2006.

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 Companies Act 2006 other than any requirement that the financial statements 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 financial statements 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.

Mitchell Charlesworth
24 Nicholas Street
Chester
CH1 2AU
15 September 2025
CHESTER AID TO THE HOMELESS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
408,784
334,632
Charitable activities
3
16,494
16,427
Investments
4
-
2
Total income
425,278
351,061
Expenditure on:
Raising funds
5
1,181
-
Charitable activities
6
407,213
392,932
Total expenditure
408,394
392,932
Net gains/(losses) on investments
11
7,923
19,719
Net income/(expenditure) and movement in funds
24,807
(22,152)
Reconciliation of funds:
Fund balances at 1 April 2024
625,294
647,446
Fund balances at 31 March 2025
650,101
625,294

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CHESTER AID TO THE HOMELESS
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
2
220
Investments
14
242,402
234,479
242,404
234,699
Current assets
Debtors
15
10,356
12,175
Cash at bank and in hand
410,043
397,031
420,399
409,206
Creditors: amounts falling due within one year
16
(12,702)
(18,611)
Net current assets
407,697
390,595
Total assets less current liabilities
650,101
625,294
The funds of the charity
Unrestricted funds
18
650,101
625,294
650,101
625,294

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 2025.

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 12 September 2025
C Edwards
Trustee
Company registration number 3686284 (England and Wales)
CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
1
Accounting policies
Charity information

Chester Aid To The Homeless is a private company limited by guarantee incorporated in England and Wales. The registered office is The Bluecoat, Upper Northgate Street, Chester, CH1 4EE.

1.1
Basis of preparation

The financial statements have been prepared in accordance 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)". 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 applying FRS 102 Update Bulletin 1 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 accounts have been prepared on the historical cost convention, modified to include certain financial instruments at fair value. 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.

 

CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised when a liability is incurred.

 

Charitable activities include expenditure associated with the operation and managed residential accommodation and welfare support services.

 

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

 

Support costs include central functions and have been allocated to activity cost categories 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:

Leasehold land and buildings
None
Fixtures and fittings
33% Straight line
Computers
33% Straight line
Motor vehicles
25% 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.

Capital expenditure that does not in reality produce a saleable asset or an increase in value of an existing asset will be written off totally in the year the expenditure is incurred.

1.7
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8
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).

1.9
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.

CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
1.10
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.

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.

1.11
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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13

Defined contribution pension scheme

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
113,726
91,749
Grants
295,058
242,883
408,784
334,632
Donations and gifts
Individual donations
84,811
71,749
Corporate donation
28,915
20,000
113,726
91,749
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Charitable Activities
Charitable rental income
16,494
16,427
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
-
2
CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity
Seeking donations, grants and legacies
1,181
-
6
Expenditure on charitable activities
Charitable Activities
Charitable Activities
2025
2024
£
£
Direct costs
Staff costs
164,181
170,912
Food and household goods
9,772
11,972
Rent
93,545
90,388
Rates and water
18,393
12,663
Light and heat
39,828
29,636
Repairs and maintenance
29,973
25,231
TV and recreation
2,630
1,468
Client education and training
2,018
757
Travel and motor expenses
7,016
6,959
Staff training
569
2,165
367,925
352,151
Share of support and governance costs (see note 7)
Support
23,484
30,781
Governance
15,804
10,000
407,213
392,932
Analysis by fund
Unrestricted funds
407,213
392,932
CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
7
Support costs allocated to activities
2025
2024
£
£
Depreciation
218
876
IT equipment
3,665
5,996
Health and safety
4,571
5,717
Insurance
7,768
7,629
Hospitality
202
111
Office costs
5,463
9,802
Subscriptions
1,212
530
Room hire
385
120
Governance costs
15,804
10,000
39,288
40,781
Analysed between:
Charitable Activities
39,288
40,781
2025
2024
Governance costs comprise:
£
£
Accountancy
3,914
3,620
Legal and professional
11,792
4,187
Bank charges
98
2,193
15,804
10,000

Governance costs includes payments to the auditors of £nil (2024 - £nil) for audit fees.

8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
1,050
1,000
- for other financial services
2,100
2,000
Depreciation of owned tangible fixed assets
218
876
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Management
2
2
Charitable staff
4
4
Total
6
6
Employment costs
2025
2024
£
£
Wages and salaries
149,324
154,201
Social security costs
8,750
8,746
Other pension costs
6,107
7,965
164,181
170,912
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025
2024
£
£
Aggregate compensation
79,715
78,110
11
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Revaluation of investments
7,923
19,719
12
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
13
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
139,000
3,504
6,959
12,594
162,057
At 31 March 2025
139,000
3,504
6,959
12,594
162,057
Depreciation and impairment
At 1 April 2024
138,999
3,285
6,959
12,594
161,837
Depreciation charged in the year
-
218
-
-
218
At 31 March 2025
138,999
3,503
6,959
12,594
162,055
Carrying amount
At 31 March 2025
1
1
-
-
2
At 31 March 2024
1
219
-
-
220

The leasehold property recognised at £1 in the accounts relates to Crispin House, 56 Nicholas Street, Chester. This was bought and refurbished with the help of a grant of £139,000 from the Resettlement Agency. Certain covenants and restrictions were imposed and in particular, the grant will be repayable should the usage of the building be other than for the existing resettlement activities. In addition, the Resettlement Agency has a first charge over the property.

14
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 April 2024 & 31 March 2025
234,479
Carrying amount
At 31 March 2025
234,479
At 31 March 2024
234,479
Fixed asset investments revalued

The historical cost of the investments was £199,000 (2024 - £199,000) and all investments are measured at the traded market value at the year end.

15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
10,356
12,175
CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
16
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
3,094
2,957
Trade creditors
5,020
8,207
Other creditors
808
3,947
Accruals and deferred income
3,780
3,500
12,702
18,611
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
6,107
7,965

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18
Unrestricted funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purpose:

At 1 April 2024
Incoming resources
Resources expended
Gains and losses
At 31 March 2025
£
£
£
£
£
IT/IS reserve
15,000
-
-
-
15,000
Contents replacement
50,000
-
-
-
50,000
Redundancy
20,000
-
-
-
20,000
Development
30,000
-
-
-
30,000
Dilapidations
15,000
-
-
-
15,000
Buildings
47,811
-
-
-
47,811
Legacies fund
9,557
-
-
-
9,557
Contingency
84,032
-
-
-
84,032
New property fund
210,000
-
-
-
210,000
General funds
143,894
425,278
(408,394)
7,923
168,701
625,294
425,278
(408,394)
7,923
650,101
CHESTER AID TO THE HOMELESS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18
Unrestricted funds
(Continued)
- 19 -
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Gains and losses
At 31 March 2024
£
£
£
£
£
IT/IS reserve
15,000
-
-
-
15,000
Contents replacement
50,000
-
-
-
50,000
Redundancy
20,000
-
-
-
20,000
Development
30,000
-
-
-
30,000
Dilapidations
15,000
-
-
-
15,000
Buildings
47,811
-
-
-
47,811
Legacies fund
9,557
-
-
-
9,557
Contingency
84,032
-
-
-
84,032
New property fund
210,000
-
-
-
210,000
General funds
166,046
351,061
(392,932)
19,719
143,894
647,446
351,061
(392,932)
19,719
625,294

Legacies

The charity is a co-beneficiary of some land in Cheshire. This has not been included in the financial statements as no notification of further distribution has been received. The charity does not yet have a reliable estimate of the value of the legacy. Costs associated with bringing the legacy income to fruition are allocated to a designated fund (see note 18) as they fall due.

 

 

19
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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