A charity’s annual report must explain what its charitable purposes are and what it has done during the year to carry out those purposes. Larger charities must also set out their strategy in more detail and provide an assessment of what they achieved.
The report will also contain the year’s accounts for the charity. The content, format and accounting conventions which charities must use for this are set out in detail by the Charity Commission.
The accounts are an important part of charities’ transparency, with the public able to see how money is being spent.
Charities have to submit their accounts to the Charity Commission no later than 10 months after the end of their financial year.
REPORT OVERVIEW OF BUSINESS
The company is a registered charity and the principal activity is that of supporting
vulnerable adults with the provision of affordable quality accommodation and housing
The trustees who are also directors of the charity for the purposes of the Companies
Act 2006, present their report, which incorporates the Directors report, with the
financial statements of the charity for the year ended 31 March 2020.
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 2015).
ANNUAL REPORT OBJECTIVES, ACTIVITIES & VALUES
Objectives and aims ² as amended
The annual report suggests the objectives of the charity are the relief of financial hardship among disadvantaged
people by providing services, in particular, but not exclusively, to disabled people living
and working in London Boroughs and Southeast
Counties, including through:
i) the provision of supported Social Housing that enables disadvantaged people to
live within the community;
ii) enabling them to financially meet housing costs;
iii) enabling fair access to private rental housing provision;
iv) access to interest-free loans to fund housing deposits and home set-up costs
v) the provision of additional housing management services;
vi) the provision of facilities for recreation and other leisure-time occupation in the
interests of social inclusion & welfare with the object of improving their conditions
all of which they could not otherwise afford through lack of means.
2020 Annual report
The trustees are pleased to report that we continue to support vulnerable adults with
the provision of quality accommodation and housing support, who would otherwise
not have a fair opportunity to secure their own homes during the continued high
demand for social housing and the highly competitive private rental market. In many
cases this will be the tenants’ first home away from family and/or residential care, giving
them true independence and opportunities to become valued members of the local