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35,970 claims
The financial statements are prepared in accordance with FRS 102 and the Charities SORP.
The financial statements have been prepared in accordance with: The reporting requirements of the Companies Act 2006; The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); and ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102’
Financial · Procedural statement · From Providence Row — annual report and accounts, year ending 31 March 2025, page 24
The auditor evaluates the risks of fraudulent manipulation by management, focusing on income recognition and unusual transactions.
In addition, we evaluated the trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to income recognition and significant one -off or unusual transactions
Governance · Procedural statement · From Providence Row — annual report and accounts, year ending 31 March 2025, page 19
The auditor's responsibilities include detecting material misstatements due to fraud or error.
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
Governance · Procedural statement · From Providence Row — annual report and accounts, year ending 31 March 2025, page 19
The trustees assess the charity's ability to continue as a going concern.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern
Governance · Procedural statement · From Providence Row — annual report and accounts, year ending 31 March 2025, page 18
The trustees are responsible for ensuring that the financial statements give a true and fair view.
the trustees are responsible for being satisfied that they give a true and fair view
Governance · Procedural statement · From Providence Row — annual report and accounts, year ending 31 March 2025, page 18
Providence Row's largest single source of recurring income is from the London Borough of Tower Hamlets.
The charity’s largest single source of recurring (contractual) income is currently from the London Borough of Tower Hamlets. Local Authority budgets continue to be placed under considerable pressure by public sector financing constraints.
Commissioning · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 14
Providence Row is prioritizing the diversification of income streams due to economic uncertainty.
Economic uncertainty is a threat to our income at a time when the needs of homeless people are increasing and Local Authorities finances are under pressure. The Board and the Leadership Team are carefully monitoring the external environment to identify specific risks to our projected income.
Commissioning · Commitment statement · From Providence Row — annual report and accounts, year ending 31 March 2025, page 14
Providence Row's Endowment Fund generated a positive return of £2,561 over the past year.
Over the 12-month period to 31 March 2025, the charity’s Endowment Fund generated an overall positive return of £ 2,561 (2023/24: positive return of £ 110,601)
Financial · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 14
Providence Row's expenditure increased by £82,504 (2.1%) in relation to the previous year.
Total expenditure for 2024/25 was £3,540,818 (2023/24 was £3,458,314), an increase of £82,504 (2.1%).
Financial · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 13
Providence Row's total income increased by £959,786 (25.8%) in relation to 2023/24.
Total income for the year increased by £959,786 (25.8%) in relation to 2023/24 income. This is mainly due to the one-off legacies of £750k and £400k.
Financial · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 13
Providence Row recorded a surplus of £358,542 before net unrealised loss on investments in 2024/25.
The charity recorded a surplus of £ 358,542 before net unrealised loss on investments of £ 5,061 and unrealised gain of £ 2,428,067 on valuation of the investment property
Financial · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 12
Providence Row provided over 11,380 nutritious meals to 637 clients in the Catering Service.
Over the course of 2024/25 we provided 11,380 nutritious meals to 637 clients
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 9
Providence Row's Health Inclusion Service received the National Homeless Link Excellence Award.
Awarded in 2024 for work carried out in 2023, this ongoing commitment has allowed the service to further expand and enhance its support for those in need.
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 8
The Progression and Training Service exceeded its delivery target for CV support, completing 151 CVs.
We've broadened our support network, ensuring wide accessibility to resources. The Progression and Training Team significantly exceeded its delivery target for CV support, completing 151 CVs
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 8
Providence Row delivered trauma-informed therapy to over 229 people who were sleeping rough.
delivered trauma-informed therapy to more than 229 people who were sleeping rough, supporting them
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 7
Providence Row introduced a rapid prescribing clinic in collaboration with CGL to support individuals experiencing street homelessness.
We introduced a rapid prescribing clinic in November 2024, in collaboration with a partner agency (CGL). The clinic, designed to support individuals experiencing street homelessness in Tower Hamlets, has already helped 42 people access structured treatment.
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 7
Providence Row distributed over 10,000 sterile needles and other harm reduction materials to service users.
We estimate that over 10,000 sterile needles, along with other harm reduction materials, were distributed to service users.
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 7
Providence Row expanded its on-site healthcare services to include primary care, nutritional advice, mental health support, and disease prevention.
This expansion included the delivery of over 260 health interventions through two Health and Wellness Fairs. Our partnerships with local health providers strengthened the continuity of care, while the integration of Health Peers improved both the reach and quality of our community health efforts.
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 6
The number of people sleeping rough in London increased by 5% from the previous year.
The number of people sleeping rough in London at the end of 2024 was 5% higher than the previous year, according to the Combined Homelessness and Information Network (CHAIN).
Context · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 5
Providence Row provided services to approximately 1,200 people facing homelessness.
During the past year, approximately 1,200 people accessed our services for crisis intervention, advice and support, health and wellbeing, harm reduction, employability and progression support.
Service · Observational claim · From Providence Row — annual report and accounts, year ending 31 March 2025, page 6