REGISTERED COMPANY NUMBER: 01874645 (England and Wales)

REGISTERED CHARITY NUMBER: 1089705

Report of the Trustees and

Audited Financial Statements

for the Year Ended 31 March 2025

for

Greenwich Housing Rights

(A Company Limited by Guarantee)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

9

Report of the Independent Auditors

10

to

13

Statement of Financial Activities

14

Statement of Financial Position

15

Statement of Cash Flows

16

Notes to the Statement of Cash Flows

17

Notes to the Financial Statements

18

to

24

TRUSTEES

S Choudhury

G Littlewood (Chair)

J Hodge (Treasurer)

R Grewal

M Phillips

N Smith

F M Kiangala

M G Martin (resigned 30.1.25)

M Conteh

COMPANY SECRETARY

P M Robotham

REGISTERED OFFICE

36 Wellington Street

Woolwich

London

SE18 6PE

REGISTERED COMPANY NUMBER

01874645 (England and Wales)

REGISTERED CHARITY NUMBER

1089705

INDEPENDENT AUDITORS

Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

BANKERS

Unity Trust Bank plc

Nine Brindley Place

Birmingham

B1 2HB

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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

Objectives and activities

The objectives set out in the Charity's Memorandum of Association are 'to relieve the poverty of persons in Greenwich and surrounding areas by the provision of free advice and assistance concerning housing and accommodation issues, and to advance public education about housing matters.'

The Charity provides specialist housing legal advice, casework and representation which is free to those who could not otherwise afford to receive legal services. Since 2020 the organisation has also provided a Crisis Navigation Service to people facing homelessness and eviction which covers welfare benefits, debt advice and casework to support the housing casework.

The main objectives and activities undertaken in relation to these purposes are to:

a) reduce homelessness and improve housing conditions by providing legal advice and representation services, including a Legal Aid Casework and Litigation Service; a specialist advice service open to anyone in housing need in the Royal Borough of Greenwich (RBG) and the surrounding areas, including Bexley and Bromley; a housing possession court duty service in Bromley County Court and Bexley Magistrates Courts; collaboration with local partner agencies to provide specialist housing advice services at outreach locations across the Royal Borough of Greenwich; and a Crisis Navigation service providing primarily welfare benefits and debt advice to people facing homelessness or eviction.

b) increase access to quality advice by awareness raising, partnership work and influencing decision-makers locally and further afield, including delivery of a partnership-based advice service such as The Royal Borough of Greenwich Advice Hubs, Advice in Schools Hub and the Clockhouse and Charlton Community Centres service.

c) increase employment and career prospects by offering people from non-traditional backgrounds with work experience, legal practice skills and training in social welfare law.

Public benefit

The Trustees referred to guidance contained in the Charity Commission's general guidance on public benefit

when reviewing the Charity's objectives and in planning and reviewing our activities. The activities,

beneficiaries and benefits provided by the Charity are described throughout the sections of this report.

Volunteers

The volunteer IT, admin and fundraising services provided are vital to the running of the Charity. GHR also recruits volunteers to further the Charity's aspiration to improve the employment and career prospects of residents and students who may be from underrepresented groups in higher education and the legal profession by offering work experience. The Charity also works in partnership with two local universities (London Southbank and Greenwich) on formal degree programs, with accredited work experience that forms part of students' learning and final grades. The Charity also offers work experience to local residents and students.

Partnership and Learning: Widening Access to the Legal Profession

During the financial year 2024/5, 9 volunteers assisted with the Charity's main services.

This year, we strengthened our partnership with Greenwich University by hosting three students and 3 local residents on long-term placements, attending one to two days a week for up to a year. They contributed approximately 7 hours per day, amounting to over 250 hours of support per person during the academic year, with some continuing during holiday periods. In total, this represents more than 750 hours of dedicated assistance to our service.

These placements are more than work experience but also a gateway to the legal profession for aspiring local lawyers from diverse and non-traditional backgrounds. Students gain hands-on exposure to housing law, develop practical skills, and deepen their understanding of the social justice challenges faced by our clients. In turn, their energy and fresh perspectives enhance our capacity to deliver vital advice and advocacy, providing them with the strength and confidence to pursue careers in law and champion access to justice. By creating opportunities for local people, we help build confidence, skills, and resilience-giving volunteers the strength and courage to pursue careers in law or advocacy while making a tangible difference in their community.

Specialist Volunteer Support: Strengthening Our Foundations

In addition to our regular volunteers, we were fortunate to benefit from the expertise of two specialist volunteers who provided ad hoc IT and administrative support throughout the year, helping the Charity office streamline processes and improve efficiency, system improvements and troubleshooting to keep our digital operations running smoothly. Their impact ensured that the staff focus on delivering frontline housing advice without disruption. This collaboration highlights the power of community expertise and the importance of flexible volunteering opportunities that allow professionals to share their skills for social good.

STRATEGIC REPORT

Achievements and performance

Charitable activities

Reducing homelessness through the provision of legal advice and representation

During the financial period 2024/25, the Charity ceased to carry out Housing Loss Prevention Work and had 5066 separate interactions with the public.

- 60% are from the Royal Borough of Greenwich

- 15 % from Bromley or Bexley boroughs

Of the new work carried out:

2125 clients (75 %) - Advice

456 clients (16 %) - Casework

51 clients (2%) - Trust for London (TFL) - Crisis Navigation

203 clients (7%) - Other work, including duty possession

The charity also assisted

115 Cost of Living Crisis Navigation clients

122 existing clients,

197 Cost of Living client

1761 acts of triage

The Charity continued to support the most vulnerable residents with

- approximately 63% from a minoritised ethnic group.

- 5% with a disability

- 16% Aged over 60 (with 99 clients aged 70 and above)

Financial review

Principal funding sources

The Charity acknowledges with gratitude the generosity of those who provided funding, many of whom provided an uplift on contracts and grants.

During 2024/25, the Charity's principal funding sources were:

(1) A Funding Agreement with the Royal Borough of Greenwich to 2027

(2) A grant from the Royal Borough of Greenwich to provide daily outreach advice services across the borough in hubs

(3) Income generated from cases undertaken under our Legal Aid Agency Housing & Debt contract to June 2027;

(4) To the 31 August 2025, Income generated from providing housing advocacy services at Bromley County Court and its satellite court at Bexley Magistrates' Court under our Legal Aid Agency Housing Loss Prevention Advice Scheme (HLPAS)

(5) To July 2024, Trust for London funding for Crisis Navigation, welfare benefits and debt work;

(6) The Greater London Authority/London Legal Support Trust funding for the Cost of Living advice service to Bromley and Bexley residents

(7) The Greater London Authority/London Legal Support Trust funding for a Crisis Navigation service for the residents of Greenwich and the surrounding boroughs

(8) The Greater London Authority/London Legal Support Trust funding for specialist billing support to enable the charity to maximise its fee income.

(9) The Greater London Authority/Peabody Community Foundation funding of the Advice in Schools service to Thamesmead residents

(10) Ministry of Justice funding to November 2025 to train a Housing Solicitor

(11) The Legal Education Justice First Fellowship funding to March 2026 to train a Housing Solicitor

(12) National Lottery grant in partnership with Clockhouse Community Centre to 2027, providing outreach advice services to Greenwich residents

(13) In addition, the Charity receives several grants and donations to support the general activities of the

Organisation.

Income and expenditure

The income received in 2024/25 of £501,280 was more than the £469,394 received in 2023/24. Expenditure in the year was £499,508 as opposed to £447,812 in 2023/4, resulting in a net surplus of £1,772 for the year.

Reserves and investment policies and plans

Total funds held at the 31st March 2025 are £141,368 (£139,596 for 2023/4).

The Charity's Trustees have agreed a reserves policy designed to ensure financial resilience and compliance with Charity Commission guidance (CC19). The policy sets aside funds in the event of an unplanned closure to:

(1) potential winding up costs and maintain service delivery for two months;

(2) cover statutory redundancy payments only, reflecting our minimum legal obligations under employment law.

(3) provide 'seed' funding for investment in service developments and new projects.

By basing reserves on statutory redundancy only, we provide a clear, objective standard that trustees can monitor and review. This approach is consistent with sector practice to avoid overestimating liabilities and ensures that the reserves remain proportionate to the organisation's size and risk profile.

Since 2025-26, the organisation has not offered enhanced redundancy terms.

The reserves policy is disclosed in this report and reviewed annually to ensure it remains appropriate to the charity's size, risk profile, and financial forecasts.

The Trustees assessed the reserves requirement for 2025/26 at £111,794. The Charity's reserves held exceeds it own assessed reserve requirements. The reserves are based on a worst-case scenario and a conservative calculation of Work in Progress (WIP). Normally, WIP includes an uplift of 20% or 50% to reflect the likelihood that most cases will generate additional income as they progress.

The Trustees have implemented plans to keep improving billing processes, for ongoing costs reviews and monitoring and strengthened cashflow oversight. These steps aim to ensure the Charity maintains sufficient funds to cover costs and keep reserves to the required level.

Going concern

Projections prepared for 2025/26 show an adequate financial position over the period with sufficient reserves and cash. The Charity has assessed the financial impact of the loss of the HLPAS contract and is looking for opportunities to build other income streams. Based on cash flow forecasts and mitigation plans, the Trustees are satisfied that the Charity remains a going concern.

Principal risks and uncertainties

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Committee has established a risk register of the major risks to which the Charity is exposed. The register is reviewed annually to inform the annual planning process and where appropriate, systems or procedures have been established to mitigate the risks.

Internal control risks are minimised by the implementation of procedures for the delivery of the Charity's services and authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety for staff, volunteers and clients.

Plans for future periods

The Trustees are keenly aware that their responsibilities include the duty to plan for the future and to prepare

the Charity for the risks and opportunities they have identified beyond the current financial year.

Despite the loss of the Bromley County Court Housing Loss Prevention Advice Service (HLPAS) contract in September 2025. As of the 31st of March 2025, The Charity has secured 3 principal sources of income for at least 12 months ahead, with a new funding agreement with the RBG for 2023-2027.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Organisation is a charitable company limited by guarantee, incorporated on 28th December 1984, and registered as a Charity on 10th December 2001. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the Company being wound up, members are required to contribute an amount not exceeding £1.

Recruitment and appointment of the Management Committee

The Directors of the Company are also Charity trustees for Charity law, and under the

The company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association, Greenwich Housing Rights has a Management Committee

comprising not less than five and not more than twenty members. Members of the Management Committee

retire from office at every Annual General Meeting but are eligible for re-election.

The Management Committee seeks to ensure that the needs of the Charity's clients are reflected by the

diversity of the Trustee body. To enhance the potential of trustees, the Charity constantly seeks to identify

those in the community with appropriate skills who would be willing to become members and to use their

own experience to assist the Charity.

Organisational structure

The Management Committee is responsible for the strategic direction, governance and policy of the Charity

and meets up to 4 times a year to set strategic goals and receive reports from staff on the performance of

the organisation and its services.

The Finance Subcommittee meets up to four times a year to make recommendations to the Trustee.

Board on the Annual budget and all other financial matters based on reports received from the

Treasurer/Director/ Accountant/Auditor or any other member of staff.

The Charity purchased insurance to protect it from loss arising from neglect or default of the Trustees

Directors / Executive Committee members and to indemnify the Trustees against the consequences of

neglect or default on their part.

The day-to-day running of the Charity is delegated to the staff team, with the Director providing reports and

support to the Committee and staff members contributing reports to the Committee as appropriate. The

Senior Supervising Solicitor is accountable to the Solicitors Regulation Authority for the conduct of legal

cases and the supervision of Trainee Solicitors. The Senior Supervising Solicitor and the Director, who is also a Supervising Solicitor, collectively provide legal supervision of all the areas of work. In this way, the Management Committee seeks to ensure that the Charity delivers the services specified and that key performance indicators are met.

Induction and training of new trustees

Trustees are already familiar with the practical work of the Charity, but members of staff are always available

to answer any queries. Formal induction is planned for new trustees appointed at the next Annual General

Meeting. Trustees are also provided with a comprehensive induction pack, which includes the Management

Committee's standing orders, key organisational policies, and the Charity Commission guide 'How to be an

Effective Trustee. Trustees are encouraged to access the Charity Commission website and subscribe to

Charity Commission and other leading Charity email bulletins.

Risk management

The Trustees are keenly aware that their responsibilities include the duty to plan for the future to prepare the

Charity for the risks and opportunities they have identified beyond the current financial year.

The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls,

financial and otherwise. The system of internal controls is designed to provide assurance that the Charity's

funds are used in line with its charitable objects, for the purposes for which they were granted and for the

public benefit.

The Charity prepares an annual operational risk assessment and a business continuity plan. These controls include:

(1) A strategic plan and an annual budget approved by the Trustee Board;

(2) Regular oversight and consideration by the Trustee Board of financial information variance from budgets and non-financial performance reports;

(3) Delegation of authority and segregation of duties; and

(4) Identification and management of risk.

The Charity undertakes risk management reviews on a quarterly basis throughout the year, which includes.

Identifying the types of risks the Charity faces, prioritising them in terms of potential impact and likelihood of

occurrence, and identifying ways to mitigate the risks.

The Charity has identified the key risks in the coming three years as: loss of funding; the loss of key personnel; and the loss of contracts as a result of insufficient funds or inability to recruit staff. The Trustees also consider the potential impact of political instability and a regularly changing policy environment as a risk. Mitigations were put in place for each of these risks.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Greenwich Housing Rights for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees 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 trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those 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;

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

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 4 December 2025 and signed on the board's behalf by:

G Littlewood - Trustee

Opinion

We have audited the financial statements of Greenwich Housing Rights (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Bryan Kemsley FCCA FMAAT (Senior Statutory Auditor)

for and on behalf of Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

4 December 2025

31/3/25

31/3/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

2

Core activities

316,721

164,875

481,596

448,063

Other income

19,684

-

19,684

21,331

Total

336,405

164,875

501,280

469,394

EXPENDITURE ON

Charitable activities

3

Core activities

334,633

164,875

499,508

447,812

NET INCOME

1,772

-

1,772

21,582

RECONCILIATION OF FUNDS

Total funds brought forward

139,596

-

139,596

118,014

TOTAL FUNDS CARRIED FORWARD

141,368

-

141,368

139,596

31/3/25

31/3/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

10

114,992

-

114,992

129,223

Cash at bank and in hand

45,755

-

45,755

56,354

160,747

-

160,747

185,577

CREDITORS

Amounts falling due within one year

11

(15,615

)

-

(15,615

)

(44,058

)

NET CURRENT ASSETS

145,132

-

145,132

141,519

TOTAL ASSETS LESS CURRENT LIABILITIES

145,132

-

145,132

141,519

PROVISIONS FOR LIABILITIES

12

(3,764

)

-

(3,764

)

(1,923

)

NET ASSETS

141,368

-

141,368

139,596

FUNDS

13

Unrestricted funds

141,368

139,596

TOTAL FUNDS

141,368

139,596

The financial statements were approved by the Board of Trustees and authorised for issue on 4 December 2025 and were signed on its behalf by:

G Littlewood - Trustee

Cash flows from operating activities

Cash generated from operations

1

(10,599

)

41,993

Net cash (used in)/provided by operating activities

(10,599

)

41,993

Change in cash and cash equivalents in the reporting period

(10,599

)

41,993

Cash and cash equivalents at the beginning of the reporting period

56,354

14,361

Cash and cash equivalents at the end of the reporting period

45,755

56,354

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31/3/25

31/3/24

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

1,772

21,582

Adjustments for:

Decrease/(increase) in debtors

14,231

(10,384

)

(Decrease)/increase in creditors

(28,443

)

32,988

Difference between pension charge and cash contributions

1,841

(2,193

)

Net cash (used in)/provided by operations

(10,599

)

41,993

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

56,354

(10,599

)

45,755

56,354

(10,599

)

45,755

Total

56,354

(10,599

)

45,755

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£) which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Office equipment

-

25% on cost

Assets with an individual cost in excess of £1,000 are capitalised. Those below this amounts are treated as a revenue expense in the year of purchase.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company participates in a multi-employer pension scheme. The scheme is a defined benefit scheme in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2023. Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

2.	INCOME FROM CHARITABLE ACTIVITIES

31/3/25

31/3/24

Activity

£

£

Grants and contracts

Core activities

481,596

448,063

3.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 4)

Totals

£

£

£

Core activities

496,108

3,400

499,508

4.	SUPPORT COSTS

Governance

costs

£

Core activities

3,400

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/25

31/3/24

£

£

Auditors' remuneration

3,400

3,500

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

7.	STAFF COSTS

31/3/25

31/3/24

£

£

Wages and salaries

339,675

289,169

Social security costs

27,085

18,097

Other pension costs

29,261

23,834

396,021

331,100

The average monthly number of employees during the year was as follows:

31/3/25

31/3/24

Management

1

1

Core charity workers

9

10

Administration

1

1

11

12

No employees received emoluments in excess of £60,000.

In addition to the core staff, there were 5 volunteers operating in 2025 (2024: 8).

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Core activities

144,308

303,755

448,063

Other income

21,331

-

21,331

Total

165,639

303,755

469,394

EXPENDITURE ON

Charitable activities

Core activities

105,323

342,489

447,812

NET INCOME/(EXPENDITURE)

60,316

(38,734

)

21,582

Transfers between funds

17,062

(17,062

)

-

Net movement in funds

77,378

(55,796

)

21,582

RECONCILIATION OF FUNDS

Total funds brought forward

62,218

55,796

118,014

TOTAL FUNDS CARRIED FORWARD

139,596

-

139,596

9.	TANGIBLE FIXED ASSETS

Improvements

to

Office

property

equipment

Totals

£

£

£

COST

At 1 April 2024 and 31 March 2025

3,020

76,414

79,434

DEPRECIATION

At 1 April 2024 and 31 March 2025

3,020

76,414

79,434

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

16,005

14,509

VAT

161

-

Prepayments and accrued income

98,826

114,714

114,992

129,223

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Social security and other taxes

7,757

6,591

VAT

-

457

Other creditors

2,000

1,682

Accruals and deferred income

5,858

35,328

15,615

44,058