The Faith Hope & Enterprise Company Ltd - Charities report

REGISTERED COMPANY NUMBER: 03916937 (England and Wales)

REGISTERED CHARITY NUMBER: 1167974

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THE FAITH HOPE & ENTERPRISE COMPANY LTD

Page

Reference and Administrative Details

1

to

2

Report of the Trustees

3

to

6

Independent Examiner's Report

7

Statement of Financial Activities

8

Balance Sheet

9

to

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

to

26

TRUSTEES

N T Gregory (resigned 23.7.25)

D M Haworth (resigned 28.4.26)

I Johnson (resigned 23.7.25)

D S Palterman

A N Rimell

J R Gallimore (appointed 29.4.26)

M W Richards (appointed 29.4.26)

COMPANY SECRETARY

K D Gill

REGISTERED OFFICE

Office 47, Eurocom House

Derby West Business Centre

Ashbourne Road

Derby

DE22 4NB

REGISTERED COMPANY NUMBER

03916937 (England and Wales)

REGISTERED CHARITY NUMBER

1167974

INDEPENDENT EXAMINER

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

SOLICITORS

Flint Bishop Ltd

Pinnacle Building

2 Prospect Place

Pride Park

Derby

DE24 8HG

Rollits LLP

Citadel House

58 High Street

Hull

HU1 1QE

BANKERS

Unity Trust Bank plc

PO Box 7193

Planetary Road

Willenhall

WV1 9DG

The Charity Bank Limited

Fosse House

182 High Street

Tonbridge

TN9 1BE

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 2026. 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

The Faith Hope & Enterprise Company Ltd (FHE) is an innovative registered charity operating across Derby City, Amber Valley, and the Derbyshire Dales. Our mission is to provide high-quality supported housing and bespoke mentorship to individuals facing severe social exclusion. We walk alongside those recovering from addiction, navigating mental health challenges, adjusting to life after offending, or rebuilding after general homelessness.

Operating from our base in Mackworth, Derby, we run a network of shared houses and self-contained flats which we either own or lease from private landlords. We deliver highly tailored Personal Development Plans to give our residents the practical life skills, confidence, and community networks they need to transition successfully into fully independent living.

At FHE, our name speaks to our core values rather than any religious affiliation. 'Faith' represents our unwavering belief in what people can achieve, 'Hope' drives our mission to create positive change, and 'Enterprise' defines the business-driven social model we use to make it happen.

ACHIEVEMENTS AND PERFORMANCE

This past year, we have made substantial strides toward our foundational goal of delivering premier supported accommodation. Our front-line team includes four full-time support workers who draw upon their own lived experiences with homelessness, substance misuse, and mental health challenges to provide empathetic, impactful care.

Grant Funding & Impact

Our operations have been significantly bolstered by critical grant funding:

- The National Lottery Community Fund: We remain deeply grateful for a three-year grant of £210,581 awarded in our last financial year, which continues to fund the salaries of two of our full-time support workers.

- Awards for All: A grant of £18,850 enabled us to introduce vital social and physical activities for our residents, including weekly pool and kickboxing sessions, which have garnered overwhelmingly positive feedback.

Estate Management & Housing Portfolio

A key strategic milestone this year has been transitioning from leasing properties to expanding our freehold ownership to ensure long-term stability.

- Derby: We purchased two houses in Derby this year. One was a property we previously leased, while the second is a brand-new addition explicitly dedicated to supporting Care Leavers. Nationally, a heartbreaking one-third of care leavers experience homelessness within two years of leaving care; we are determined to disrupt this cycle in partnership with Social Care.

"Faith, Hope & Enterprise have provided support and accommodation to some of our more complex care experienced young people to help prepare them for interdependent living. They have gone over and above our expectations and have shown that they have not given up on our young people when others may have."

- Claire Connolly-Weston, Strategic Lead for Derbyshire Leaving Care

- Ashbourne: We finalized the purchase of 3 self-contained flats in Ashbourne. We extend our sincere thanks to the Derbyshire Dales District Council for a capital grant of £75,058, which funded vital refurbishments including upgraded fire safety standards, enhanced environmental performance, structural repairs to a retaining wall, and modernized kitchens and bathrooms.

Current Property Portfolio Summary

Location

Property Type

Number of Rooms

Tenure

Derby

7 Shared houses

24

Freehold

Derby

2 Shared houses

6

Leased

Derby

Self-contained flats

6

Leased

Ashbourne

Self-contained flats

7

Freehold

Ashbourne

Self-contained flats

2

Leased

Belper

2-Bedroom house

2

Leased

Furthermore, we executed a continuous program of capital and energy-efficiency improvements across all our freehold properties. We believe that high-quality housing reinforces to our residents their inherent dignity and value.

Resident Outcomes

We continue to specialize in supporting individuals navigating complex, overlapping challenges.

Our tailored approach has yielded exceptional results this year:

- 95% of residents with a history of substance misuse successfully stabilized or reduced their misuse.

- 90% of our residents successfully maintained their accommodation or progressed into fully independent living.

- 100% of our residents on probation avoided recall to custody, with six individuals successfully completing their periods of supervision.

- 5 individuals transitioned into independent living, with one securing gainful employment.

- 3 residents successfully reunited and moved back in with family members-an incredibly rewarding milestone highlighting the restoration of vital support networks.

At the heart of our governance is the feedback of those we serve. Hearing their progress gives clarity to our mission:

"This has been the best support that I have had so far. I am feeling that I matter, I feel that my support worker is hearing me."

FINANCIAL REVIEW

Financially, the charity achieved a stable year, with 30% of our total income generated through grants and charitable contributions. This included essential capital grants for property upgrades, ongoing operational funding from the National Lottery, and a generous £50,000 grant from the Clothworkers Foundation toward our Derby property acquisitions. This financial consistency has allowed us to retain a steady, dedicated support worker team, offering our residents invaluable continuity of care.

The Charity received income from charitable activities (housing benefits and resident contributions) totalling £635,095 during the year compared to £628,607 in the previous year. The charity received income from donations and legacies of £193,121 during the year compared to £587,529 in the previous year (see note 2 for breakdown). The charity received investment income of £7,265 during the year compared to £3,709 in the previous year.

There was a surplus of £103,998 for the year compared to a surplus of £545,986 in the previous year (of which £210,581 related to National Lottery funding recognised in advance).

Total funds of £1,160,346 include restricted funds of £569,519 and revaluation reserve of £120,077 leaving unrestricted general funds of £470,750.

Reserves Policy Target

To protect our beneficiaries from shifting economic conditions, maximize growth opportunities, and insulate staff and volunteers in the event of an unplanned closure, the Board maintains a strict reserves framework:

- Unrestricted Reserves: Target equivalent to four months of operational running costs.

- Designated Reserves: Growth targets to securely cover redundancy and legal liabilities.

- Capital & Maintenance Funds: A target of £50,000 earmarked for future property acquisitions, alongside an ongoing sinking fund equivalent to 2% of annual rental income dedicated to major building maintenance.

STRATEGIC OUTLOOK (2026-2028)

As Local Authorities adapt their own housing strategies, we maintain an agile yet ambitious business plan:

- Asset Acquisition: Responsibly transition from leasing to purchasing our current properties in collaboration with landlords and financial institutions, aiming for one acquisition every 18 to 24 months.

- Step-Down Housing: Partner with Local Authorities to acquire dedicated step-down accommodation to assist residents moving toward complete independence.

- Registered Provider Partnership: Explore formal collaborations with a Registered Provider of Social Housing to further strengthen our governance, financial resilience, and quality compliance.

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 Faith Hope & Enterprise Company Ltd is a registered charity and company limited by guarantee. To ensure long-term resilience and the sustained delivery of high-quality supported accommodation, the charity operates under a robust internal risk management policy aligned with Charity Commission guidance (CC26). This framework is systematically maintained through a continuous cycle of risk identification, quantification, management, and review.

Our internal control systems are structured around four key pillars:

1. A comprehensive Business Plan and annual budget formally approved by the Board.

2. Regular Board review of financial performance and budget variances.

3. Clear delegation of authority coupled with the strict segregation of duties.

4. Proactive, ongoing management of operational and strategic risks.

While the Chief Executive retains operational responsibility for managing the overall risk framework, the Board provides rigorous oversight and independent scrutiny to ensure compliance and safety.

We have strengthened our governance this year through the appointments of Matthew Richards (a former FHE support worker) and Joe Gallimore to the Board, both of whom bring specialized expertise. We also express our gratitude to Mrs. D Haworth, who resigned from the board on April 28, 2026. Furthermore, we are incredibly fortunate to have the ongoing volunteer support of Ian Johnson, a former resident and 9-year trustee, who continues to provide invaluable peer mentoring and activity coordination.

Staff team and operational leadership

The growth of our charity is mirrored by the development of our personnel. We invested heavily in expanded training opportunities across our support staff, office manager, and maintenance teams, fostering a culture of continuous professional development that directly elevates the calibre of our care.

In September, we welcomed Jonathan Aumonier as our new Estates Manager. His extensive background in project management has been pivotal as we proactively upgrade our housing portfolio to meet the upcoming regulations of the Supported Accommodation (Regulatory Oversight) Act 2023.

Operationally, our leadership team continues to provide robust backing to our Chief Executive. His active participation in Local Authority working groups and Supported Housing Improvement Programmes has positioned FHE as a key voice in driving regional standards. We have successfully helped pilot protocols and shape local housing charters, ensuring we remain a trusted, primary partner for Local Authorities across Derby and Derbyshire.

"\FHE\ has a good track record of delivering high-quality services and supporting those with the greatest need."

- Director of Housing and Regulatory Services, Derby City Council

ACKNOWLEDGEMENTS AND THANKS

On behalf of the entire Board of Directors, I wish to extend our profound gratitude to our local city and district councils. Your unwavering, continued support and collaborative spirit enable us to build safer, more resilient communities across Derbyshire.

Finally, I want to express my deepest thanks to our extraordinarily dedicated and hardworking staff team. Your resilience, compassion, and tireless professionalism are the true pillars of this organization. Put simply, without your daily commitment and heart, this charity would not exist. It remains an absolute privilege to chair this board.

Approved by order of the board of trustees on 16 July 2026 and signed on its behalf by:

A N Rimell - Trustee

Independent examiner's report to the trustees of The Faith Hope & Enterprise Company Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

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

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

Independent examiner's statement

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

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

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

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

4.

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

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

Hari Vasdev MEng FCA

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

30 July 2026

2026

2025

Unrestricted

Revaluation

Restricted

Total

funds

reserve

funds

Notes

£

INCOME AND ENDOWMENTS

FROM

Donations and legacies

2

28,273

-

164,848

193,121

587,529

Charitable activities

4

Supported housing

635,095

-

635,095

628,607

Investment income

3

7,265

-

7,265

3,709

Total

670,633

-

164,848

835,481

1,219,845

EXPENDITURE ON

Charitable activities

5

Supported housing

597,779

-

129,304

727,083

673,859

NET INCOME

72,854

-

35,544

108,398

545,986

Transfers between funds

20

387

-

(387

)

-

Other recognised gains/(losses)

Gains/(losses) on revaluation of

fixed assets

-

(4,400

)

-

(4,400

)

-

Net movement in funds

73,241

(4,400

)

35,157

103,998

545,986

RECONCILIATION OF FUNDS

Total funds brought forward

398,470

124,477

533,401

1,056,348

510,362

TOTAL FUNDS CARRIED

FORWARD

471,711

120,077

568,558

1,160,346

1,056,348

2026

2025

Unrestricted

Revaluation

Restricted

Total

funds

reserve

funds

Notes

£

FIXED ASSETS

Tangible assets

12

1,152,761

120,077

367,385

1,640,223

1,386,156

Investments

13

10

-

10

1,152,771

120,077

367,385

1,640,233

1,386,166

CURRENT ASSETS

Debtors

14

33,002

-

107,428

140,430

210,346

Cash at bank

201,844

-

93,746

295,590

176,481

234,846

-

201,174

436,020

386,827

CREDITORS

Amounts falling due within one

year

15

(57,859

)

-

(57,859

)

(79,735

)

NET CURRENT ASSETS

176,987

-

201,174

378,161

307,092

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,329,758

120,077

568,559

2,018,394

1,693,258

CREDITORS

Amounts falling due after more

than one year

16

(858,048

)

-

(858,048

)

(636,910

)

NET ASSETS

471,710

120,077

568,559

1,160,346

1,056,348

FUNDS

20

Unrestricted funds:

General fund

471,710

398,470

Revaluation reserve

120,077

124,477

591,787

522,947

Restricted funds

568,559

533,401

TOTAL FUNDS

1,160,346

1,056,348

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 16 July 2026 and were signed on its behalf by:

A N Rimell - Trustee

Cash flows from operating activities

Cash generated from operations

1

236,097

462,640

Interest paid

(47,878

)

(44,062

)

Net cash provided by operating activities

188,219

418,578

Cash flows from investing activities

Purchase of tangible fixed assets

(290,540

)

(518,813

)

Interest received

7,265

3,709

Net cash used in investing activities

(283,275

)

(515,104

)

Cash flows from financing activities

New loans in year

229,376

160,000

Loan repayments in year

(13,305

)

(15,329

)

Capital repayments in year

(1,906

)

(2,231

)

Net cash provided by financing activities

214,165

142,440

Change in cash and cash equivalents in the

reporting period

119,109

45,914

Cash and cash equivalents at the beginning

of the reporting period

176,481

130,567

Cash and cash equivalents at the end of

the reporting period

295,590

176,481

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

2026

2025

£

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

Activities)

108,398

545,986

Adjustments for:

Depreciation charges

32,073

27,627

Interest received

(7,265

)

(3,709

)

Interest paid

47,878

44,062

Decrease/(increase) in debtors

69,914

(175,201

)

(Decrease)/increase in creditors

(14,901

)

23,875

Net cash provided by operations

236,097

462,640

2.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.25

Cash flow

At 31.3.26

£

Net cash

Cash at bank

176,481

119,109

295,590

176,481

119,109

295,590

Debt

Finance leases

(4,090

)

1,906

(2,184

)

Debts falling due within 1 year

(12,758

)

6,613

(6,145

)

Debts falling due after 1 year

(635,365

)

(222,683

)

(858,048

)

(652,213

)

(214,164

)

(866,377

)

Total

(475,732

)

(95,055

)

(570,787

)

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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 £.

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.

Preparation of consolidated financial statements

The financial statements contain information about The Faith Hope & Enterprise Company Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

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

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

Freehold property:

Freehold properties are measured using the revaluation model under Section 17 of FRS 102. Determining fair value involves significant estimation, including judgements about market conditions, comparable sales, rental yields, and discount rates. Independent professional valuations are obtained periodically, and management reviews key assumptions for reasonableness. Changes in these estimates could materially impact the carrying amount of the properties and revaluation reserves.

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.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

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

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property

- 2% on cost

Plant and machinery

- 25% on cost

Fixtures and fittings

- 25% on cost

Motor vehicles

- 25% on cost

Details regarding the valuation of the property are given in note 12.

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 operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments in subsidiaries

Investments in subsidiaries are recognised at cost less impairment.

2.	DONATIONS AND LEGACIES

2026

2025

£

Donations

28,272

19,166

Grants

164,849

568,363

193,121

587,529

Grants received, included in the above, are as follows:

2026

2025

£

National Lottery Community Fund

-

210,581

Union Street Grant (DDDC)

-

320,000

Union Street Refurbishment

75,059

-

Other grants

89,790

37,782

164,849

568,363

Included in income during the previous period is £210,581 from The National Lottery which is receivable in instalments over three years. As at 31 March 2025, the charity had entitlement to the income, the amount could be measured reliably and it was probable that the income would be received, therefore, the income has been recognised in full in the previous period.

3.	INVESTMENT INCOME

2026

2025

£

Deposit account interest

7,265

3,709

4.	INCOME FROM CHARITABLE ACTIVITIES

2026

2025

Activity

£

Rental income

Supported housing

635,095

628,607

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

Supported housing

717,744

9,339

727,083

6.	SUPPORT COSTS

Governance

costs

£

Supported housing

9,339

7.	NET INCOME/(EXPENDITURE)

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

2026

2025

£

Auditors' remuneration

-

16,300

Auditors' remuneration for non audit work

-

3,993

Depreciation - owned assets

32,073

27,627

8.	TRUSTEES' REMUNERATION AND BENEFITS

There was no trustees' remuneration for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Details on transactions with trustees are given in the related party disclosures note.

Trustees' expenses

2026

2025

£

Trustees' expenses

2,746

1,072

9.	STAFF COSTS

2026

2025

£

Wages and salaries

283,189

254,839

Social security costs

19,851

24,069

Other pension costs

10,184

9,043

313,224

287,951

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

2026

2025

Charitable activities

9

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

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Revaluation

Restricted

Total

funds

reserve

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

24,668

-

562,861

587,529

Charitable activities

Supported housing

628,607

-

628,607

Investment income

3,709

-

3,709

Total

656,984

-

562,861

1,219,845

EXPENDITURE ON

Charitable activities

Supported housing

629,086

-

44,773

673,859

NET INCOME

27,898

-

518,088

545,986

Transfers between funds

(13

)

-

13

-

Net movement in funds

27,885

-

518,101

545,986

RECONCILIATION OF FUNDS

Total funds brought forward

370,585

124,477

15,300

510,362

TOTAL FUNDS CARRIED FORWARD

398,470

124,477

533,401

1,056,348

11.	INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examination fee of £2,000 and other fees of £3,620.

12.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 April 2025

1,431,973

898

6,826

26,527

1,466,224

Additions

290,540

-

290,540

Revaluations

(4,400

)

-

(4,400

)

At 31 March 2026

1,718,113

898

6,826

26,527

1,752,364

DEPRECIATION

At 1 April 2025

61,056

512

3,286

15,214

80,068

Charge for year

24,138

225

1,584

6,126

32,073

At 31 March 2026

85,194

737

4,870

21,340

112,141

NET BOOK VALUE

At 31 March 2026

1,632,919

161

1,956

5,187

1,640,223

At 31 March 2025

1,370,917

386

3,540

11,313

1,386,156

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2024

124,477

-

124,477

Valuation in 2026

(4,400

)

-

(4,400

)

Cost

1,598,036

898

6,826

26,527

1,632,287

1,718,113

898

6,826

26,527

1,752,364

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

1,598,035

1,307,496

Aggregate depreciation

86,580

58,567

13.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST LESS IMPAIRMENT

At 1 April 2025 and 31 March 2026

10

NET BOOK VALUE

At 31 March 2026

10

At 31 March 2025

10

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Taylor Made Housing Ltd

Registered office: UK

Nature of business: Dormant

%

Class of share:

holding

Ordinary

100

31.7.25

31.7.24

£

Aggregate capital and reserves

(1,635

)

(1,156

)

Loss for the year

(479

)

(577

)

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

30,160

22,301

Amounts owed by group undertakings

1,705

1,020

Accrued income

108,035

185,771

Prepayments

530

1,254

140,430

210,346

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 17)

6,145

10,988

Other loans (see note 17)

-

1,770

Hire purchase (see note 18)

2,184

2,545

Trade creditors

4,058

3,844

Social security and other taxes

14,536

16,397

Other creditors

3,148

3,452

Wages and salaries control

19,384

17,637

Accruals and deferred income

8,404

23,102

57,859

79,735

16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans (see note 17)

858,048

635,365

Hire purchase (see note 18)

-

1,545

858,048

636,910

17.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year on demand:

Bank loans

6,145

10,988

Other loans

-

1,770

6,145

12,758

Amounts falling between one and two years:

Bank loans - 1-2 years

6,564

11,852

Amounts falling due between two and five years:

Bank loans - 2-5 years

22,493

41,305

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

828,991

582,208

18.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2026

2025

£

Net obligations repayable:

Within one year

2,184

2,545

Between one and five years

-

1,545

2,184

4,090

Non-cancellable operating

leases

2026

2025

£

Within one year

34,357

37,057

19.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

864,193

646,353

Hire purchase contracts

2,184

4,090

866,377

650,443

Bank loans are secured against the charity's freehold properties.

Hire purchase liabilities are secured against the assets to which they relate.

20.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.25

in funds

funds

31.3.26

£

Unrestricted funds

General fund

398,470

72,853

387

471,710

Revaluation reserve

124,477

(4,400

)

-

120,077

522,947

68,453

387

591,787

Restricted funds

Union Street Property Fund (DDDC)

323,862

(6,477

)

-

317,385

National Lottery Community Fund

193,556

(68,100

)

-

125,456

Groundwork UK

-

(654

)

654

-

Evan Cornish Foundation

833

(833

)

-

Garfield Weston Foundation

7,500

(7,500

)

-

Morrisons Foundation

6,250

(6,609

)

359

-

Albert Hunt SP

1,400

-

(1,400

)

-

Charles Plater Trust

-

2,250

-

2,250

The Archer Trust

-

1,000

-

1,000

National Lottery - Awards for All

-

8,316

-

8,316

Clothworkers Foundation

-

50,000

-

50,000

The Grace Trust

-

5,000

-

5,000

Union Street Refurbishment

-

58,712

-

58,712

Jefford Weller

-

440

-

440

533,401

35,545

(387

)

568,559

TOTAL FUNDS

1,056,348

103,998

-

1,160,346

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

670,633

(597,780

)

-

72,853

Revaluation reserve

-

(4,400

)

(4,400

)

670,633

(597,780

)

(4,400

)

68,453

Restricted funds

Union Street Property Fund (DDDC)

-

(6,477

)

-

(6,477

)

National Lottery Community Fund

-

(68,100

)

-

(68,100

)

Groundwork UK

-

(654

)

-

(654

)

Evan Cornish Foundation

-

(833

)

-

(833

)

Garfield Weston Foundation

-

(7,500

)

-

(7,500

)

Morrisons Foundation

-

(6,609

)

-

(6,609

)

Charles Plater Trust

13,500

(11,250

)

-

2,250

The Archer Trust

1,000

-

1,000

National Lottery - Awards for All

18,849

(10,533

)

-

8,316

Derby Association of Community

Partnership

1,000

(1,000

)

-

Clothworkers Foundation

50,000

-

50,000

The Grace Trust

5,000

-

5,000

Union Street Refurbishment

75,059

(16,347

)

-

58,712

Jefford Weller

440

-

440

164,848

(129,303

)

-

35,545

TOTAL FUNDS

835,481

(727,083

)

(4,400

)

103,998

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

Unrestricted funds

General fund

370,585

27,898

(13

)

398,470

Revaluation reserve

124,477

-

124,477

495,062

27,898

(13

)

522,947

Restricted funds

Union Street Property Fund (DDDC)

-

323,862

-

323,862

National Lottery Community Fund

15,300

178,256

-

193,556

Evan Cornish Foundation

-

833

-

833

Garfield Weston Foundation

-

7,500

-

7,500

National Grid Grant

-

(13

)

13

-

Morrisons Foundation

-

6,250

-

6,250

Albert Hunt SP

-

1,400

-

1,400

15,300

518,088

13

533,401

TOTAL FUNDS

510,362

545,986

-

1,056,348

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

651,484

(623,586

)

27,898

Hedley Foundation Grant

3,500

(3,500

)

-

The Grace Trust

2,000

(2,000

)

-

656,984

(629,086

)

27,898

Restricted funds

Union Street Property Fund (DDDC)

320,000

3,862

323,862

National Lottery Community Fund

210,581

(32,325

)

178,256

Groundwork UK

1,000

(1,000

)

-

Evan Cornish Foundation

2,000

(1,167

)

833

Garfield Weston Foundation

10,000

(2,500

)

7,500

National Grid Grant

4,950

(4,963

)

(13

)

Morrisons Foundation

6,250

-

6,250

Albert Hunt SP

7,000

(5,600

)

1,400

Derbyshire Dales District Council Grant

1,080

(1,080

)

-

562,861

(44,773

)

518,088

TOTAL FUNDS

1,219,845

(673,859

)

545,986

Union Street Property Fund (DDDC)

This is a grant to fund the purchase of 7, 9 & 9a Union Street. The fund balance represents the carrying value of the property.

National Lottery Community Fund

This grant covers the cost of two full time support workers for three years.

Evan Cornish Foundation

This was a grant towards support worker salaries.

Garfield Weston Foundation

A grant to cover core costs.

Morrisons Foundation

A grant to provide garden furniture and improve the garden spaces in our properties.

Albert Hunt SP

A grant to cover core costs.

Charles Plater Trust

A grant to cover core costs.

The Archer Trust

A grant to cover core costs.

National Lottery - Awards for All

A grant towards support worker salaries.

Clothworkers Foundation

A grant towards the purchase of 24 King Alfred Street. The fund balance represents the carrying value of the proportion of the property funded by the grant.

The Grace Trust

A grant to cover core costs.

Union Street Refurbishment

This is a grant to fund the refurbishment of 7, 9 & 9a Union Street.

21.	RELATED PARTY DISCLOSURES

During the year, the charity made payments of £15,120 (2025: £18,720) to Nicholas Gregory (Trustee) and his wife for rentals of two properties which were used for housing residents.

During the year, a property used for housing residents was purchased for £140,000 from Nicholas Gregory (Trustee) and his wife.

During the year, the charity made payments of £11,050 (2025: £10,800) to Oakwood Lettings Limited, a company in which Dominic Palterman (Trustee) is a majority shareholder, for rentals of a property which was used for housing residents.

At the start of the year, £608 was owed to Nicholas Gregory and his wife by way of a loan. Loan repayments during the year totalled £664 (2025: £1,080) and interest was charged of £56 (2025: £33).

During the prior year, a donation of £500 was received from Spectrum Housing CIC, a company in which Dominic Palterman is a director.

The key management personnel of the charity comprises of the trustees and the Chief Executive Officer. The total employment benefits of the CEO were £65,857 (2025: £60,694). In addition to this, the wife of the Chief Executive Officer received total employment benefits of £17,179 (2025: £15,899).