Jaffray Care Society (A company limited by guarantee) Trustees, Report and Consolidated Financial Statements For The Year Ended 31 March 2024 Registered Company number.. 02554367 Registered Charity number: 1001885
Jaffray Care Society Trustees. Report and Consolidated Financial Statements For The Year Ended 31 March 2024 Contents Pages Administrative information Strategic report 2-11 Trustees, report including statement of Trustees, responsibilities 12-13 Auditors, report 14-17 Consolidated statement of financial activities (including summary income and expenditure account) 18 Consolidated balance sheet 19 Company balance sheet 20 Consolidated statement of cash flows 21 Notes to the consolidated financial ststements 22-34 The following pages do not form part of the statutory financial statements Detailed Group expenditure analysis 35-36
Jaffray Care Society Administrative Information Trustees and Directors.. Mr M McEachran DrA Roy OBE Mr G Cumberland Mr M Fellows Ms L Hendon Mr C Lees Mr M Weir Registered Offi.. The White House 39 Jaffray Crescent Erdington Birmingham B24 8BE Bankers.. Lloyds Bank plc 293 High Street West Bromwich B70 8NA Auditors.. Malcolm Piper & Company Limited Kingsnorth House Blenheim Way Birmingham B44 8LS Solicitors.. Ansons St Mary's Chambers 5-7 Breadmarket Street Lichfield Staffordshire WS13 6LQ Registered Charity number: 1001885 Registered Company number 02554367 Charity website.. www.jaffraycare.com Patrons Mr Carl Chinn MBE Ph.D. F.Birm.Soc. Mr John Barnes MBE Senior Management Team Ms L Hendon Mr C Lees Mr M Weir (Chief Executive Officer) (Director of Finance) (Director of Estates) Page 1
Jaffray Care Society strategic Report About Jaffray Care Society Jaffray Care Society is a Company limited by guarantee and is also a Registered Charity. The Charity has a wholly owned subsidiary company, Jaffray Propety Solutions, which is also a Registered Charity. Jaffray Care Society and its subsidiary company {"the Charity.) are a leading regional learning disability Charity which can trace our origins back to 1990 when services for individuals with learning disabilities began to move from hospitals and into the wider community. In the year to 31 March 2024, we continued to provide nursing care, residential care, supported living and community services to 80 service users Activities and Objectives The Charity provides high-quality personalised support and advice for people with various abilities and health care needs. Our direct support seNices encompass advocacy, health, education, housing, leisure and employment, helping people live the lives they choose here and now. The objects of the Charity, as stated within the Memorandum and Articles of Association, are to provide housing, nursing care and associated amenities for individuals with various abilities and health care needs (including people with learning disabilities, dementia, complex health care and acquired brain injuries) that are in necessitous circumstances. Aims Our aims are to provide the best health and social care service possible for those people with learning disabilities, autism, mental health, complex health care needs and dementia with the support ofspecially trained and committed stsff so that we'_ Maintain the privacy, dignity and individuality of each service user- Keep everyone safe., Respect service user's wishes and their right to personal choice over their daily care and support., Provide a caring nursing and therapeutic environment for each service user, welcoming and encouraging family and friends to participate in the care delivery., Create a caring and homely and person-centred atmosphere where the seNice user feels needed and is able to give a meaningful contribution to their community- Encourage personal growth, skills development, work related training and leisure interests Provide employment and training opportunities for local people- Ensure each service user is empowered to make more informed decisions and participate as fully as possible in the everyday life of the community. From the facilities available to the standard of care provided, quality in every respect is a fundamental aspect of the Charity's philosophy. Vision and Mission Statement The Charity works in partnership with people with various abilities and health care needs to ensure they receive a personalised, needs led, support service which is eviden based, outcome driven and promotes rights, independence, choice and inclusion. The Charity believes that people with various abilities and health care needs have a right to live in ordinary homes in the community.. independently, in their family home, in sheltered accommodation or in a staffed residential facility sharing the rights, facilities and privileges of society. Page 2
Jaffray Care Society Strategic Report (continued) Essential Ethical Principles Our principles provide an overarching framework that guides our employees, decision making, good judgement and conduct which provides assurance of'.- Putting beneficiaries first., Integrity- Openness., Right to be safe. We respect every individual's dignity and rights to privacy and confidentiality. We commit to eliminating any instances of sexism, gender inequality and other power imbalances that leave some people at risk of harm. We value, support and reflect diversity in our governing bodies, workforce and beneficiaries. The Charity is a place where people's wellbeing and mental health are valued and promoted, so that anyone in our care, working in the Charity or coming into contactwith the Charity is encouraged to value and invest in their own health and wellbeing. Safeguarding Statement Every person who benefits from, works for or comes into contact with the Charity will be treated with dignity and respect, and feel that they are in a safe, trusted and supportive environment. The Charity has created an inclusive organisational culture that does not tolerate inappropriate, discriminatory, offensive or harmful behaviour towards any person who works for, benefits from or comes into contact with the Charity. The Charity has a robust safeguarding policy and safeguarding procedures that ensure people in their care are safe and protected. Governance The Charity is committed to maintaining the highest standards of governance and has determined that the organisation should comply with the principles outlined in the Code of Governance for Voluntary Organisations, which is approved by the Charity Commission. Ultimate responsibility for governance of the Charity is entrusted to the Trustee Unitary Board made up of seven Trustees. We are committed to using an open and transparent recruitment process. As set out in the Memorandum and Articles of Association, Non-Executive Trustees are appointed for a three-year term of office and can serve two terms in total. This can be varied if the Trustees unanimously agree that the skills provided by a particular Non-Executive Trustee are such that they could not be easily replaced and to do so would not be in the best interests of the Charity or Trustee Board or the Charity's service users. The Trustees are also our Companies Act Members. We continue to ensure that our governance processes and procedures and our corporate structure meet all of the most current and appropriate Companies Act requirements. As a charitable organisation we have a high performing Board, consisting of a diverse and complementary range of people and skills. The Board is both dynamic and imaginative consisting of a diverse mix of professionals required to maintain our organisation's ongoing development objectives. For new Trustees, the Charity has an induction programme which includes visits to some of our services, meetings with the Executive Team on our governance, strategy, the role and duties of Trustees, Company and Charity Law and the management of finances and risk. Further training and development is offered individually or to the Board as required or requested. New Trustees are given clear terms of reference, role descriptions, governance documentation and the Charity handbook which outlines the main policies and procedures of the Charity and the governance structure of the Charity. Page 3
Jaffray Care Society Strategic Report (continued) Risk Management The Charity has given consideration to the major risks to which the Charity is exposed and has satisfied itself that systems and procedures are fully established in order to manage those risks. Improvements and enhancements continue with regard to Data Protection and the GDPR legislation which came into force in 2018. Key areas have been addressed, and work is in progress to ensure full and ongoing compliance across all the Charity's activities is maintained. The Charity has also adopted a robust Cyber Policy this year,. with the aim of alleviating, as much as is possible, the threat to the business of cyber-attacks. This approach includes upgrades to current SOare, additional staff training and new insurance risk policies to include response, restoration, expenses and business interruption. Management and Trustees There are clear distinctions beeen the role of Non-Executive Trustees and the Executive Team. The Board of Non-Executives delegates certain authorities to the Executive Team in order to run the organisation efficiently. Matters such as policy, strategy and budgets are prepared by the Executive Team for consideration and final approval by the Non-Executive Trustees, who then monitor the implementation of these plans. Public Benefit The Charity continues to provide nursing care, residential care, supported living and community services to 80 seNice users {2023 - 78) with various abilities and healthcare needs in Birmingham and Wolverhampton. Our subsidiary Jaffray Propety Solutions is also a Registered Charity. The principal activity of Jaffray Propety Solutions is the provision of housing and associated amenities for people with learning disabilities who a in necessitous circumstances. Our annual Trustees, Report and consolidated financial statements allow us to show how our charitable funds are spent and show the impact and benefits that this has on those using our services., either as direct service users or in the Charity's interaction with the wider community. In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance "public benefit.. running a charity {PB21'. Statement of Public Benefit The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have regard to the Charity Commission's general guidan on public benefit, "Charities and Public Benefit" Jaffray Care Society's charitable objects are enshrined within its Memorandum and Articles ofAssociation and as such the Trustees ensure that the Charity's activities are carried out for the public benefit through its strategic priorities. This is done primarily through the delivery of services aimed at people with various abilities and health care needs. Page 4
Jaffray Care Society Strategic Report Icontinued) Achievements and Performance This financial yearwe continued to witness the impact of the longer-term social, economic and financial effects of the COVID pandemic, and sustained challenges were again presented to the Charity and indeed the care sector as a whole. The Charity staff have once again risen to this ongoing challenge magnificently, and this has made such an important difference to all our service users throughout these continued challenging times. Our staff have showed exceptional bravery and courage in ensuring everyone stays safe and well. We have managed to continue to keep COVID at bay in all of our homes this year and have managed very complex care interventions where needed to combat the spread of any infection. Once again, the Charity ends the year infection free and will continue to do everything in our power to remain so. We were absolutely delighted that our care management team were nominated as finalists at the National Learning Disability and Autism Awards in 2024 in categories'.- Employer of the Year - which seeks to acknowledge and celebrate an exceptional employer who is committed to their employees delivering an excellent service to their customers, people with learning disabilities or people with autism and their families. Employers should be able to provide considerable acumen and entrepreneurial flair whilst at the same time having a sustained track record of delivering high quality care and managing change improvement. The Learning Disability Nurse Award Tracey Dunkley, care manager at Lime Court which acknowledges the important role that specialist nurses have in promoting the emotional, physical and psychological health of the people who they support. At a time when there is growing evidence that people who have a learning disability experience discrimination, bullying, hate crime and poor access to services in general terms, as well as healthcare, the role of specialist professionals has never been more important. Further congratulations to Tracey Dunkley, care manager at Lime Court, who is also appearing at the Markel Third Sector Care Awards. Tracey is a finalist in the category of Social Care Nurse of the Year. This award celebrates an exceptional registered nurse who is working in a social care setting and has a proven track record of implementing and delivering outstanding and innovative person-centred care. Our Chief Executive Officer, Lee Hendon, was also recognised this year at the Women Achieving Greatness Awards (WAGS) by receiving a highly commended in the Lifetime Achievement Award. The purpose of the WAGS awards are to promote gender equity and promote and celebrate the incredible achievements of the health and social care female workforce. Lee was recognised for her dedication to the learning disability and mental health fields of nursing. The Charity's own long service awards also recognise the contributions of our staff individually. This year we had 17 staff who were recognised for their length of service from 10 years to 25 years. Page 5
Jaffray Care Society Strategic Report (continued) The Activity Hub Following on from the re-opening of the Activity Hub recently, the centre continues to go from strength to strength and our vision to redevelop and grow this into a new social focal point, providing a wonderful community venue, was successfully achieved. The Activity Hub is for people to share interests, build skills, reduce social isolation and, if appropriate, support them moving closer to employability or provide volunteering experience. We also provide an environment that supports people and communities who experience disproportionate challenge and difficulty as a result of the pandemic. Any individual who needs a little extra help because of their complex health care needs, age, physical disability, sensory impairment, intellectual disability, mental health needs or require palliative care, is welcome at the Activity Hub. Embracing the Digital Age and Technology Changes in technology have provided us with opportunities to build on the innovations incorporated into all our care homes. The Person Centred Electronic Care Planning system allows for the creation of accurate evidence of care and provides easily accessible data. Person Centred Sofvare provides a single solution and is called Mobile Care Monitoring {MCM). We have more recently fully rolled out the Your Hippo training SOare to all of our homes. The e- learning and learning management system is used widely within the care sector. This system has considerably improved our ability to deliver mandatory training in a timely and focussed manner. It has an inbuilt audit system and training matrix which enables care managers and our training administrator to easily identify gaps in training and ensure these are quickly filled. We have also changed our principal IT supplier this year, prompted by a cyber security threat dealt with in-house. As part of the governance strategy to review our IT support and cyber security a number of companies were invited to present their services so we could examine whether they would be a better fit with the Charity The Board of Directors formally adopted the motion to change to Core Team One. This decision was reached after discussing the merits of both companies. The Board are mindful that they have a duty to prevent as far as possible a catastrophic loss of revenue, personal information, and intellectual property due to a cyber-attack and made this decision after careful consideration of all of the relevant, necessary and pertinent points. Around the Homes We have been fortunate enough to host a number of successful themed celebrations at a number of our homes this year'.- Tudor Gardens officially opened their new Sensory Garden this year. A party was held for over 200 people to celebrate the hard work and dedication of all those who built the gardens and donated to the make it happen. Our heartfelt congratulations to Sarah Harnell, Care Manager, and her team at Tudor Gardens. The weather was lovely and this set the scene for a very successful party. Service users, staff, families, friends and business partners all attended what was a lovely day. Pictures of the day are on our website and Facebook pages. The inaugural Culture Day took place at our Parkfields home and was a huge paty to celebrate the respect and understanding we have for each other. Staff, families, professionals and service users all appeared in their cultural dress and presented ft)od and music from around the world. It was so successful that the Care Manager, Munish Kumar has already started to organise nextyears, event. Page 6
Jaffray Care Society Strategic Report (continued) New Website and Social Media Platform The Charity now has a fully operational new website {www.jaffraycare.com), which not only serves as a promotional tool but it tells the story of the Charity and what we offer. It provides contact information and reflects the Charity's personality and distinguishing characteristics. We continue to keep our beneficiaries, their families, advocates and all our multi agency colleagues up to date and informed about our Servi provision and our plans for the future. We have also established a very active Facebook page which documents all activities and important dates across the business. Families find this very informative and useful as an interactive way to ensure they are fully updated regarding community activities. This works well alongside our new quarterly newsletter and improved website. Cost of LSvlng The Charity has faced continued cost pressures in the financial year, mainly due to the ongoing "cost of living" squeeze. We have ensured that wage rates, as much as possible, match inflation, and this years, pay awards have seen doijble digit percentage rises for the vast majority ofour care staff. Charity overheads, particularly food costs and utility bills have again spiralled this year and we have renegotiated contracts with a number of our larger suppliers to protect ourselves as much as possible from exposure to significant increases. Significant price rises in the building sector have also forced us to reconsider some of our larger capital projects, including the proposed coffee shop at our Activity Hub. Staffing Like much of the care sector, the Charity continues to face challenges around attracting and recruiting suitable staff. We are very competitive regarding salaries and terms and conditions, which are geared around employee's health and wellbeing. Being consistent in our care delivery is part of our philosophy of care, so it is vital that our employees are retained as long as possible. This is borne out in our stsff retention rates, that have demonstrably improved this financial year. We continue to offer incentives which ensure that every year we have an ever growing list of people who attend our long service awards and are fully committed to the Charity. During the financial year we also reviewed what we can do to support our staff, and how the Charity can continue to offer more practical and tangible help to staff. We recognise that physical and psychological health and wellbeing support are crucial, particularly post pandemic. In response to our review, we now ensure that the Charity has qualified mental health first aiders who are available to offer confidential support and help. They will signpost staff to like-minded charities or agencies if they cannot offer the specific help required. We also offer a wide degree of support to our stsff in these areas:_ A confidential counselling service offered via our own occupational health department, where up to six sessions are paid for by the Charity., An enhanced parental and compassionate leave allowance, which can be extended where there is challenge and additional support identified., All executives, managers and senior care workers have an 'open-doorf' policy. They make themselves readily available to discuss any issues and concerns that staff may need to have addressed immediately. Clearly this is in addition to the regular staff supeNision and appraisals., The Charity has recently supported one of our nurses to complete her professional nurse advocate course. She now has the skills and knowledge to facilitate restorative supervision for colleagues and teams within our nursing services and beyond. She leads out and delivers quality improvement initiatives in response to service demands and changing service user requirements,. All employees are entitled to receive a full insurance policy covering death or illness in servI-, Senior staff receive full private health care cover, as well as dental and optical payments, as we want our staff to stay fit and healthy., Page 7
Jaffray Care Society strategic Report (continued) Staffing {Continued) We will also reintroduce a more formal format for our annual long service awards, where we have several staff eligible ft)r our long service awards, so that they can bring a guest to a drinks reception and meal at a local hotel where they are able to accept their award. Every manager will give a small speech of thanks and appreciation aR of their staff members. ABCD Awards, or'above and beyond the call of duty" awards. Staff can be nominated at any time by service users, families or colleagues. Every nomination leads to an award which typically can be a high street shopping voucher- The Charity works closely with the Credit Union organisation to support stsff who may need support with debt or management of their personal finances. Robust sickness pay and continual pay is offered where required at the discretion of the Board., We always seek to pay above the national minimum wage, and ensure that there are clear progression paths for all employees so they have the opportunity to considerably increase their earnings should they wish., We always recognise milestones in employers, lives, such as special birthdays, anniversaries, or completing training courses. Staff are sent a small gift of flowers and chocolates. Training Jaffray Care Society encourages all staff to complete enhanced training, and will supplement this with time off and financial support. Our staff have completed degrees, nurse training, enhanced social care qualifications {Lead to Succeed) and teaching qualifications (PTLLS- Preparing to Teach in the Lifelong Learning Sector). They have also undertaken courses in aromatherapy, rehabilitation and any other course that ensures our workforce have the right skills and knowledge to provide safe, compassionate and informed care to autistic people and people with a learning disability. We also continue to provide ongoing technical support and training to our Trustees, ensuring the team stay abreast of new developments in the care sector, as well as providing essential Charity Trustee advice when required. Quality & Audlt Management A long serving member of staff, Andrew Cowley, has been employed as the Charity's Quality and Audit Officer. In our quest to ensure the Charity maintains an eXptIonal monitoring framework he is now responsible for the development, implementation and monitoring of quality initiatives across the business. His role is to both reduce risk and enhance quality. It includes collaboration across the business to ensure there are robust support and monitoring frameworks in place. It involves working closely with care managers and his peers in the Local Authorities and Integrated Care Boards. Page 8
Jaffray Care Society Strategic Report (continued) Regulatory The Care Quality Commission's new framework is changing the way they approach inspections. Managers are updating themselves on the new framework and regime arsd have attended several training sessions so they are fully prepared forthe implementation of the Single Assessment Framework in 2024. Lime Court, Parkfields, Tudor Gardens and Lime Court have all received quality assurance inspections from the local authorities. All areas have scored very highly obtaining gold and silver standards in all areas assessed. Inspectors from the commissioning teams spent several days gaining evidence and assessing quality and performance. No recommendations for improvement were deemed neSsary. Structure, Governance and Management Jaffray Care Society is a Company limited by guararstee and therefore does not have a share capital. The liability of members is limited and details of their guarantee are detailed in the notes to the financial statements. The Company is also a Registered Charity and was founded in 1990. The Charity has a plan in place to identify and induct new Trustees as and when they become aware of individuals with an interest in our activities, or where it is perceived that a Trustee with an additional skill set, to complement those held by the current Trustees, is required. Our commitment to governance has seen the continued overview and strategic management of operations by the Board during the year. The Board meets regularly to review strategy, operational risks and efficiencies and financial systems, procedures and information to ensure that there is appropriate oversight and critical appraisal of activities and decisions taken to achieve the Charity's objectives. The Charity also maintains full Trustee Indemnity Insurance at a cost of £2,609 per annum (2023.. £2,480). Flnanclal Revlew A summary of the financial results ft)r the year is given in the Consolidated Statement of Financial Activities on page 18 and the Balance Sheets on pages 19 and 20. Total income for the year was £6,625,080 {2023.. £6,050,570} and total expenditure was £6,600,574 (2023.. £6,034,198). Net incoming resources for the year were £24,506 {2023'. £16,372). The financial challenges faced by all in the "not-for-profit" sector, which continue to be exacerbated by the longer lasting effects of the COVID 19 pandemic, have also continued to affect-this financial year for the Charity. We continued to receive lower than inflation incremental fee uplifts from Birmingham City Council and Wolverhampton City Council this year for the majority of our core services. We have, therefore, had to continue to have a tight focus and control over the operating costs and cash flows of the business. Close monitoring and control of outlays and the implementation of innovative and efficient care provision and delivery to our service users, has again resulted in the Charity reporting a small surplus for the financial year. The Senior Management Team have continued to review and renegotiate supplier contracts, which are essential to secure additional and continued cost savings for the year ahead, especially in light of the inflationary pressures caused by global economic and political factors and the impact of the Ukraine conflict. Their continued success is down to the level of dedication and care provided by our employees under the leadership of our Chief Executive Officer and Director of Finance. Funds held as Custodian Trustee on behalf of others The Charity holds money on behalf ofsome service users in trust as Corporate Appointee. These funds are held separately from the funds of the Charity and are excluded from these financial statements. These funds are applied solely for the benefit of the specific service users at the discretion of the Corporate Appointee in accordance with their duties under the appointment. Page 9
Jaffray Care Society Strategic Report (continued Reserves Policy The Charity has considered the level of reserves that they require in respect of future requirements. The requirement of sufficient reserves can be summarised in three areas.. Assurance for residents that the Charity can continue to provide them with care and housing should funding be delayed for an individual or group of seNice users. The reserve requirement, included within our calculations, is based upon a minimum of approximately e1ve weeks, resources expended. Continued development of new housing and Activity Hub facilities to provide quality care for additional service users. The Charity looks to develop this using their own internally generated reserves rather than via external borrowings so that the security of the Charity's existing residents is not put at risk. Development of new areas within the Charity's objectives. The Charity has identified a need to provide further quality care provision projects for people with learning disabilities. The Charity retains its surpluses forfuture use in providing increased numbers of nursing and residential placements, Activity Hub service facilities and supported living options to provide the first-class ca that is in such demand for all its Servi users. Total unrestricted reserves held as at 31 March 2024 amounted to £2,858,084 {2023'. £2,833,578) and restricted reserves arnounted to £nil (2023.. £nil). Plans for Future Years The Charity continues to develop as an innovative and forward-thinking organisation, able to drive improvements in how people experience health and care services and work with them towards a safe and secure future. To achieve this vision, the Charity has a short term commitment to devising a new development strategy that builds on our successes and values, yet keeps to our central purpose. The Charity stresses that any future development strategy will be based on a risk assessed intelligent approach with various business SnarioS being explored. Given the continued difficult economic conditions, the longer term and continuing impact of the COVID 19 pandemic, and the difficulties securing funding for operating capital, let alone major capital projects, we continue to believe that protecting and growing the Charity's reserves is a necessary, prudent and advisable policy. The Charity also intends to increase its potential donor base with a view to raising funds from trusts and grant giving organisations. Fundraising objectives for the next e1ve months will be to prepare cases for support for potential new fundraising projects. Given the strength of the Charity's fundraising messages and its excellent reputation and community focus, we believe this could be a significant source of income. Another principal priority is to maintain all facilities and environments to an extremely high standard. Although all areas have recently received investment to upgrade their environments, we are mindful that regular work and re-investment is continually needed to maintain such high quality. Upgrading of the existing environments is part ofthe ongoing development strategy of our Estates Team. We develop our environment to accommodate ever changing needs. The next major project on the horizon will be the re-roofing ofour Supported Living propety, Broadfields Lodge. We are actively engaging in a fundraising project to support this. We recognise the importance of keeping up to date on propety wear and tearand unavoidable damage and to keep the environment looking highly presentable and homely and above all, safe for all. A structured programme of work to ensure the physical condition of the properties does not deteriorate is considered beneficial. Page10
Jaffray Care Society Strategic Report (continued We will continue to pursue opportunities to establish further projects by listening to the aspirations of people with learning disabilities, their families and our staff, and to also listen to the needs of the community in which we operate. The Charity is proud of its ability to adapt to the changing needs of our service user group, the community and the requirements of our local authority partners. Approved by the Board on 23 October 2024 and signed on its behalf by.. Mr M McEachran Trustee Page 11
Jaffray Care Society Trustees, Report The Trustees, who are also Directors ofthe charitable company for the purposes of the Companies Act, present their annual report and the audited consolidated financial statements for the year ended 31 March 2024 for the Group, comprising the charitable company and its subsidiary undertaking I'the Charity"). The Trustees have adopted the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and consolidated financial statements of the Charity- Trustees The Trustees who held office during the year were as follows- Mr M McEachran Dr A Roy OBE Mr G Cumberland Mr M Fellows Ms L Hendon Mr C Lees Mr M Weir A specific Health and Safety policy is in place and the Charity staff are closely involved in all operational and business risk assessments. The Trustees take this matter extremely seriously and it is discussed at every Board Meeting as an Agenda item, where action plans are reviewed and acted upon. Trustees continue to attend governance conferences and Institute of Directors, events. Members of the Board have also attended appropriate financial and operats.onal training courses. Trustees, Responsibilities The Trustees (who are also Directors of Jaffray Care Society for the purposes of company law) are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial ststements for each financial year, which give a true and fair view of the state ofaffairs ofthe Charity and of the income and expenditure ofthe Charity for that period. 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 2019 (FRS 102)., 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., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group or charitable company 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 ft)r safeguarding the assets of the Charity 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 Charity's auditor is 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 auditor is aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 12
Jaffray Care Society Trustees Report Icontinued) Ability inclusion for employees The Charity gives full and fair consideration to applications for employment from persons who are physically, mentally or developmentally impaired, where the requirement of the job may be adequately covered by such persons. With regards to existing employees who become physically, mentally or developmentally impaired during their employment, the Charity continues to examine ways of providing continuing employment under normal terms and conditions and to provide training, career development and promotion where appropriate. Employee involvement During the year, the policy of providing employees with information about the Charity has been continued through internal media methods in which employees have also been encouraged to present their suggestions and views on the company's performance, achievements and developments in community-based projects. Regular meetings are held between local management and employees to allow a free flow of information and ideas. Audltors Malcolm Piper & Company Limited remained as auditors to the Charity and its subsidiary company, throughout the financial year and have indicated their willingness to continue in office. Approved by the Board on 23 October 2024 and signed on its behalf by:_ Mr M McEachran Trustee Page 13
Independent Auditorfs Report to the Trustees of Jaffray Care Society Year Ended 31 March 2024 Opinion We have audited the financial statements of Jaffray Care Society (the 'parent charitable company,) and its subsidiaries (the 'Group') for the year ended 31 March 2024 which comprise the Consolidated ststements of Financial Activities, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cashflow Statements and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statements.. give a true and fair view of the state of the Group's and parent charitable company's affairs as at 31 March 2024, and of the Group's 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., 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group and parent 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 Group's or parent 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 Infomiation The other information comprises the information included in the Trustees, annual report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. 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. 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 course of 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. [continued ...] Page 14
Independent Auditorfs Report to the Trustees of Jaffray Care Society (continued) Year Ended 31 March 2024 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 Trustees, Report (incorporating the Strategic Report and the Trustees, Report} for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Strategic Report and the Trustees. Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the Group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Trustees, Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us., or the parent charitable company's financial statements are not in agreement with the accounting records and returns- or certain disclosures of directors, 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 Trustees, responsibilities statement set out on page 12 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 ft)r 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 Group's and parent 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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responslbllltles for the audlt of the flnancial statements We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act. 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 an auditor's report 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. [continued ...J Page 15
Independent Auditor's Report to the Trustees of Jaffray Care Society (continued) Year Ended 31 March 2024 Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable to Jaffray Care Society, {"the Group and Company") and determined that the most significant are those that relate to the UK reporting framework under which the Group and Company prepares its accounts and reports its results and the relevant UK tsx compliance regulations. In addition, we concluded that there are certain significant laws and regulations that may have an effect on the determination of the amounts and disclosures in the financial staternents and those laws and regulations include those relating to health and safety, employee matters, environmental, and bribery and corruption practices., Having due regard to ISA 240 {Redrafted), The Auditorfs Responsibilities Relating to Fraud in an Audit of Financial Statements, we planned and designed our audit procedures to undertake such enquiry and testing which we deemed neSSary to understand how the Group and Company is complying with those frameworks. We made enquiries of the Trustees, senior management and those responsible for legal and compliance procedures within the Group and Company and we corroborated our enquiries by reference to other documentary eviden, where available, or other complimentary or compensating evidence and with other correspondence received and noted that there was no contradictory eviden., In designing the scope and depth of our work to assess the likely impact on the financial statements of fraud and other irregularities, we calculate a materiality level which is a percentage based upon turnover, profitability and gross balance sheet assets. This calculation produces a figure against which financial statement errors and irregularities are compared and indicates a level at which, in our opinion and judgement, this would cause transactions and balances within the financial statements to be misleading or materially incorrect. We also assessed the susceptibility of the Consolidated Financial Ststements of the Group and Company to material misstatement using qualitstive as well as quantitative factors, including how fraud might occur, and designed our audit testing and enquiries in such a way so as to enable us to identify the fraud risks across various parts ofthe business. In addition, we utilised internal and external information to perform a fraud risk assessment as part of our audit planning and testing procedures. We considered the risk of fraud through management override of controls and systems and, in response, we incorporated testing of large or unusual manual journal entries into our audit approach. We also considered the possibility of fraudulent or corrupt payments made through third parties and conducted detailed analytical review and substantive transaction testing on third paty suppliers. Where instances of unusual behaviour patterns were identified through our testing, we performed additional audit procedures to address each identified risk. These procedures included testing of transactions back to source information and were designed to provide reasonable assuran that the financial statements were free from fraud or error. We also conducted specific audit procedures in relation to the risk of bribery and corruption by means of review of any marketing, promotion or discount activity determined by a risk-based process; Based on the results of our risk assessment we designed our audit procedures to identify non- compliance with such laws and regulations identified above. Our procedures involved journal entry testing, with a focus on journals meeting our defined risk criteria based on our understanding of the business and enquiries of Group and Company management; and If any instances of non-compliance with laws and regulations were identified, the audit team performed sufficient and appropriate audit procedures. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. [continued ...] Page 16
Independent Auditor's Report to the Trustees of Jaffray Care Society (continued) Year Ended 31 March 2024 A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. w.frC.org.UkIaudlt0rsreSponSlbllitles. This description forms part of our auditor's report. 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 Group and charitable company's members those matters we are required to state to them in an auditor's 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 Group and 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. Pete Whitehead BA FCA Senior Statutory Auditor For and on behalf of Malcolm Piper & Company Limited Kingsnorth House 1 Blenheim Way Birmingham B44 8LS Dated.. 23 October 2024 Page 17
Jaffray Care Society Consolidated Statement of Financial Activities (Including Consolidated Summary Income and Expenditure Account) for the Year Ended 31 March 2024 2024 Restricted 2024 Unrestricted 2024 Total 2023 Total Note Income from: Donations and legacies Charitable activities.. Residential services Day care SeiceS Rental income from housing benefits 1,818 15,700 17,518 3,845 6,101,031 427,683 6,101,031 427,683 5,671,616 302,247 78,848 78,848 72,862 Total income 1,818 6,623,262 6,625,080 6,050,570 Expenditure on: Charitable activities.. Residential and day centre care costs Support costs 1,818 6,110,815 487,941 6,112,633 487,941 5,593,578 440,620 Total expenditure 1,818 6,598,756 6,600,574 6,034,198 Net income for the year 24,506 24,506 16,372 Transfers between funds Net movement in funds for the year 24,506 24,506 16,372 Reconciliation of funds: Total funds brought forward at 1 April 2023 2,833,578 2,833,578 2,817,206 Total funds carried forward at 31 March 2024 2,858,084 2,858,084 2,833,578 All income and expenditure derive from continuing activities. The Statement of Financial Activities includes all gains and losses recognised during the year. The notes on pages 22 to 34 form an integral part of these financial statements Page 18
Jaffray Care Society (Registration number 02554367) Consolidated Balance Sheet at 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 11 5,173,339 5,316,430 Current assets Debtors Cash at bank and in hand 13 646,028 537,878 567,664 820,969 1,183,906 1,388,633 Creditors- Amounts falling due within one year 14 (1,222,846) (1,392,662) Net current liabilities (38,940) (4,029) Total assets less current liabilities 5,134,399 5,312,401 Creditors.. Amounts falling due after more than one year 15 {2,276,315) (2,478,823) Net assets 2,858,084 2,833,578 Funds Restricted funds Unrestricted funds 17 17 2,858,084 2,833,578 Total funds 2,858,084 2,833,578 These financial statements were approved and authorised for issue on 23 October 2024 and signed on its behalf by= Mrm Eachran Trustees MSLH The notes on pages 22 to 34 form an integral part of these financial statements Page 19
Jaffray Care Society (Registration number 02554367) Company Balance Sheet at 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 11 12 4,733,407 4,863,091 4,733,407 4,863,091 Current assets Debtors Cash at bank and in hand 13 917,766 537,878 859,496 820,969 1,455,644 1,680,465 Creditors.. Amounts falling due within one year 14 (1,207,297) {1,374,200) Net current assets 248,347 306,265 Total assets less currènt liabilities 4,981,754 5,169,356 Creditors.. Amounts falling due after more than one year 15 (2,276,315) (2,478,823) Net assets 2,705,439 2,690,533 Funds Restricted funds Unrestricted funds 17 17 2,705,439 2,690,533 Total funds 2,705,439 2,690,533 These financial statements were approved and authorised for issue on 23 October 2024 and signed on its behalf by.. Mr M McEachr Trustees Ms L Hendon The notes on pages 22 to 34 form an integral part of these financial statements Page 20
Jaffray Care Society Consolidated Statement of Cash Flows for the Year Ended 31 March 2024 Note 2024 2023 Cash flow from operating activities Interest paid 19 199,443 (123,826) 327,983 (111,8031 Net cash flow from operating activities 75,617 216,180 Cash flow from investing activities 20 (138,9251 {161,360) Cash flow from financing activities 21 (219,783} {215,003) Net (decreaso) in cash and cash equivalents {283,091) {160,183) Cash and cash equivalents at the start of the year 820,969 981,152 Cash and cash equlvalents at the end of the year 537,878 820,969 Cash and cash equivalents conslsts of: Cash at bank and in hand 537,878 820,969 Page 21
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 Accounting Policies General Inforniation and Basis of Preparation The Charity is a company limited by guarantee in the England and Wales. The members of the Company are the Trustees named on page 1. In the event ofthe Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The address ofthe registered office is given in the Charity information on page 1 of the financial statements. The nature of the Charity's operations and principal activities are detailed in the Strategic Report on page 2. The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. The consolidated financial statements have been prepared on a going concern basis under the historical cost accounting convention. The Consolidated financial statements are prepared in sterling which is the functional currency of the Charity and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements for the Group and Charitable Company are set out below. These policies have been consistently applied to all years presented unless otherwise stated. These consolidated financial statements consolidate the financial statements of the company and its subsidiary undertaking, Jaffray Property Solutions, company registered number 07249961, and charity registered number 1143062. Intra-group transactions and profits are eliminated on consolidation. No separate statement of financial activities is presented for the Company as permitted by section 408 of the Companies Act 2006. The Company had total income from charitable activities and donations of £6,544,955 (2023: £5,976,443}, total expenditure on charitable activities of £6,058,394 (2023.. £5,542,337), management and administration costs of £471,655 (2023: £425,534) and costs of raising funds of£nil (2023: £nil). The net income for the year amounted to £14,906 (2023.. £8,572). Funds Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Where restricted funds are used for capital expenditure a transfer is made upon capitalisation to unrestricted funds. Income Recognition All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income after any performance conditions have been met,. the amount can be quantified with reasonable accuracy; and it is probable that the income will be received. For donations and additional support grants (reIved as direct consequence of pandemic impacts on the Charity's normal charitable activities) to be recognised the Charity will have been notified of the amounts and settlement date in writing. If there are conditions attached to the donation or the additional support grants, and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled. Page 22
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) Accounting Pollcies (continued) Income Recognition (continued) Legacies are accounted for in the period in which the Charity becomes irrevocably entitled to the funds bequeathed. Where legacies are received with particular instructions in the will provisions, they are treated as restricted funds. If these instructions require a level of performance before entitlement can be obtained then income is deferred until those conditions are fiJlly met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled. Charitable activity income includes fees for the provision of housing and associated amenities which are accounted for on an accruals basis. Government grant income The company received government grants in respect of support for staff and protective supplies during the recent pandemic. Income from government and other grants are recognised at fair value when the company has entitlement after any performance conditions are met, it is probable that the income will be received and the amount can be measured reliably. Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties,. it is probable that the settlement will be required,. and the amount of the obligation can be measured reliably. While all costs are incurred in the furtherance of the charitable activities they are categorised under the following headings: Costs of raising funds - which includes the costs incurred in the use of professional fund raisers to identify and contact charitable grant making trusts., Expenditure on charitable activities; Support costs Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include head office costs, interest payable and governance costs. They are incurred directly in support of expenditure on the Charity's objectives. Investments Investments in subsidiary undertakings are stated at cost, less any provision for improvements. Tangible fixed assets Tangible fixed assets are stated at cost less depreciation. It is the Charity's policy to maintain these assets in a good state of repair. Depreciation is provided on 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 lives as follows.. Freehold Propety Leasehold Property Building Improvements Motor Vehicles Fixtures and Fittings 100/0 per annum straight line Over the period of the lease 10°/o per annum straight line 20°/0 - 33 % per annum straight line 15 % - 25 % per annum straight line Freehold Land is not depreciated Debtors and creditors receivablelpayable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finan transaction it is measured at present value. Page 23
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) Accounting Policies (continued) Impairment Assets not measured at fair value are reviewed for indications that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying value. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the SOFA. Provisions Provisions are recognised when the Charity has an obligation at the balan sheet date as a result of a past event- it is probable that an outflow of economic benefits will be required in settlement., and the amount can be reliably estimated. Leases Costs incurred under operating leases are charged to the Statement of Financial Activities as they are incurred. Pensions The Charity operates a defined contribution pension scheme. Contributions payable for the year are charged in the statement of financial activities. Taxatlon The Company is an exempt Charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist and that compliance with funding and banking covenants is considered satisfactory by the Trustees and its bankers. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern. Income from donations and legacies 2024 2023 Cash donations 17,518 3,845 Income from donations and legacies was £17,518 {2023'. £3,845) of which £1,818 (2023.. £3,530) was attributable to restricted funds and £15,700 (2023.. £315) was attributable to unrestricted funds. Income from charitable activities All charitable income for the current and prior year is attributable to unrestricted funds and includes £52,312 (2023.. £119,293) ofadditional support grants arising as a direct consequence ofthe impacts of the pandemic on the Charity's normal charitable activities. Page 24
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) Total expenditure Other Direct Costs Staff Costs Total 2024 Total 2023 Residential and day centre care costs Support costs (see note 5) 5,037,324 258,249 1,075,309 229,692 6,112,633 487,941 5,593,578 440,620 5,295,573 1,305,001 6,600,574 6,034,198 All expenditure for the current and prior year is in respect of the furtherance of the charitable activities of which £1,818 (2023.. £3,845) was attributable to restricted funds and £6,598,756 (2023.. £6,030,353) was attributable to unrestricted funds. Support costs 2024 2023 Interest payable on bank borrowings (see note 10) Head office costs 123,826 83,667 111,803 71,416 Human resources Governance costs (see note 6) 258,249 22,199 235,202 22,199 487,941 440,620 Governance Costs 2024 2023 Auditors remuneration Trustees, expenses 15,000 7,199 15,000 7,199 22,199 22,199 Net income for the year 2024 2023 Net income is stated after charging.. Auditors, remuneration.. Audit of parent company Audit of subsidiary Operating leases payments Land and buildings Other Profit on disposal of tangible fixed assets Depreciation of tangible fixed assets 13,200 1,800 13,200 1,800 10,320 11,798 (2,882) 284,898 10,320 14,037 279,636 Page 25
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 {continued) 8. Employee Infomiation The average monthly number of employees and full-time equivalents (FTE) during the year was as follows.. 2024 2023 Number Number FTE FTE Direct charitable activities Support staff 202 19 182 15 193 16 186 13 221 197 209 199 The total staff costs and employee's benefits were as follows: 2024 2023 Staff salaries Social security costs Pension costs Agency costs Staff training and healthcare 4,533,902 355,513 101,985 261,305 42,868 3,999,267 332,413 88,611 423,386 45,463 5,295,573 4,889,140 Included in the above is the following remuneration paid to Trustees and key management in respect of seNice contracts. Authority for the payment of remuneration to Trustees, who are also employees, is contained within the Articles of Association. The Articles provide for the payment of remuneration to Trustees where such payment is in connection with services provided under their employment contract. Trustees consider its key management personnel to be the senior management team details of which are included on page 1. 2024 2023 Wages and salaries (including benefits in kind) Pension costs 297,018 22,864 294,060 36,044 319,882 330,104 Individuals with pensions accruing The Charity has 3 (2023 - 3) employees (including Charity Trustees) with earnings over £60,000. They fall into the following bands.. 2024 Number 2023 Number £110,000 to £120,000 £90,000 to £100,000 £80,000 to £90,000 The highest paid director received earnings including benefits in kind of £118,962 {2023: £116,458). Page 26
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued Employee Information {continued) Trustees, Expenses Trustees were reimbursed travel and other out of pocket expenses during the year as follows.. 2024 Number 2023 Number 2024 2023 Travel 7,199 7,199 7,199 7,199 Trustees. expenses are reviewed and authorised by the Chair of the Remuneration and Governance sub-group. Trustees do not claim all expenses incurred on behalf of the Charity for travel and attendance at Charity meetings or events. The Charity makes a contribution of a maximum of £150 per month per Trustee for their expenses, which in no case did this exceed the costs incurred for any individual Trustee. The Charity also maintsins full Trustee Indemnity Insuran at a cost of£2,609 per annum (2023.. £2,480) Penslon Scheme The Charity operates defined contribution pension schemes. The pension cost charge for the year represents contributions paid by the Charity to these schemes and amount to £101,985 (2023.. £88,611). There were no outstanding contributions at either the beginning or end of the financial year. 10. Interest payable 2024 2023 Interest payable on bank borrowings 123,826 111,803 123,826 111,803 Page 27
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) 11. Tangible Fixed Assets Group Freehold and Leasehold Property Fixtures and Fittings Motor Vehicles Total Cost At 1 April 2023 Additions Disposals 7,075,461 684,786 87,717 73,470 224,186 54,090 6,193 7,984,433 141,807 79,663 At 31 March 2024 7,075,461 699,033 272,083 8,046,577 Depreciation At 1 April 2023 Charge for the year Disposals 2,147,518 136,293 331,138 129,632 73,470 189,347 18,973 6,193 2,668,003 284,898 79,663 At 31 March 2024 2,283,811 387,300 202,127 2,873,238 Net Book Value At 31 March 2024 4,791,650 311,733 69,956 5,173,339 At 31 March 2023 4,927,943 353,648 34,839 5,316,430 All assets are used for direct charitable purposes. Included in Freehold and Leasehold Property is land of £260,841 {2023: £260,841), which is not depreciated. Included in Freehold and Leasehold Property above is leasehold propety with a cost of£nil (2023= £nil), following its full impairment in a prior period. Tangible fixed assets have been pledged to Lloyds Bank plc as security for the bank loan. Page 28
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) 11. Tangible Fixed Assets (continued) b) Company Freehold Property Fixtures and Fittings Motor Vehicles Total Cost At 1 April 2023 Additions Disposals 6,405,165 684,786 87,717 73,470 224,186 54,090 6,193 7,314,137 141,807 79,663 At 31 March 2024 6,405,165 699,033 272,083 7,376,281 D8preciation At 1 April 2023 Charge for the year Disposals 1,930,561 122,886 331,138 129,632 73,470 189,347 18,973 6,193 2,451,046 271,491 79,663 At 31 March 2024 2,053,447 387,300 202,127 2,642,874 Net Book Value At 31 March 2024 4,351,718 311,733 69,956 4,733,407 At 31 March 2023 4,474,604 353,648 34,839 4,863,091 All assets are used for direct charitable purposes. Included in Freehold Property is land of £260,841 (2023.. £260,841), which is not depreciated. Tangible fixed assets have been pledged to Lloyds Bank plc as security for the bank loan. Page 29
Jaffray Care Society Notes to the Consolidated Flnancial Statements for the Year Ended 31 March 2024 (continued) 12. Fixed asset investments Company 2024 2023 Cost Investment in subsidiary undertakings Jaffray Care Society owns 100 /0 of Jaffray Propety Solutions, a company limited by guarantee (registration number 07249961) and a Charity registered in England and Wales (registration number 11430621, by virtue of it being the single member. In the event of its subsidiary being wound up, the liability in respect of the guarantee is limited to £1 per member. The principal activity of Jaffray Property Solutions is the provision of housing and associated amenities for individuals with learning disabilities who are in necessitous circumstances. 13. Debtors Group Company 2023 2024 2023 2024 Amounts falling due within one year: Trade debtors Group undertakings Other debtors Prepayments 390,847 372,508 341,873 336,369 98,540 140,984 318,883 357,768 56,577 126,268 104,401 150,780 60,387 134,769 646,028 567,664 917,766 859,496 14. Creditors: amounts falllng due wlthln one year Group Company 2024 2023 2024 2023 Bank loan Trade creditors Taxation and social security Accruals and other creditors 202,509 405,003 177,580 437,754 219,784 860,949 81,698 230,231 202,509 389,550 177,580 437,658 219,784 845,596 81,698 227,122 1,222,846 1,392,662 1,207,297 1,374,200 Bank borrowing is secured on all current and future assets of the Charity and is subject to a cross guarantee between parent and subsidiary undertaking. The bank loan of £1,790,497 {2023= £1,933,612) is fixed at 7.420/0, until 20 March 2025, £666,660 (2023.. £733,328} is variable at 2.56 % over Bank of England Base Rate and £21,667 (2023.. £31,667) is fixed at 2.50 %, until 12 May 2026. Page 30
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) 15. Creditors: amounts falling due after more than one year Group 2024 Company 2024 2023 2023 Bank loan 2,276,315 2,478,823 2,276,315 2,478,823 Bank borrowing is secured on all current and future assets of the Charity and is subject to a cross guarantee beeen parent and subsidiary undertaking. The bank loan of £1,790,497 (2023: £1,933,612) is fixed at 7.420k, until 20 March 2025, £666,660 (2023.. £733,328) is variable at 2.560/0 over Bank of England Base Rate and £21,667 (2023.. £31,667) is fixed at 2.50 %, until 12 May 2026. Included in the above are amounts falling due as follows.. Group 2024 Company 2024 2023 2023 Within 1 year Over 1 year but within 5 years Over 5 years 202,509 923,028 1,353,287 219,784 912,872 1,565,951 202,509 923.028 1,353,287 219,784 912,872 1,565,951 2,478,824 2,698,607 2,478,824 2,698,607 16. Financlal commitments Group and Company Capital commitments There were capital commitments that were contracted for but not provided for in the financial statements of £145,000 (2023.. £160,000) at the balance sheet date. Operating lease commitments - lessee At the reporting end date the Group and Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year thin to five years Over five years 16,461 25,706 24,930 43,417 44,000 42,167 112,347 Page 31
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 Icontinued) 17. Funds reconciliation Group Asat1 April 2023 Asat31 March 2024 Income Expenditure Transfers Restricted Funds Unrestricted Funds 1,818 (1,818) 2,833,578 6,623,262 (6,598,756) 2,858,084 2,833,578 6,625,080 (6,600,574) 2,858,084 b) Company Asat1 April 2023 Asat31 March 2024 Income Expenditure Transfers Restricted Funds Unrestricted Funds 1,818 (1,818) 2,690,533 6,543,137 (6,528,231) 2,705,439 2,690,533 6,544,955 (6,530,049) 2,705,439 Restricted funds relate to donations and legacies where specific instructions in the will or conditions attaching to the donations are such that they fall to be matched against specific ongoing expenditure and costs or projects when such costs are incurred or projects completed during the year. During the year the Charity received restricted donations of £1,818 (2023.. £3,530) and unrestricted donations of £15,700 (2023-. £315). At the year end all restricted funds had been spent. Unrestricted funds include funds which may have been designated to specific strategic projects including most significantly our continuing commitment to the high standard of maintenance and improvements to the residential and nursing home propety portfolio. As this is an ongoing commitment, no specific value can be assigned to these committed costs which are incurred as required each year. Page 32
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 Icontinued) 18. Analysis of net assets between funds Under the terms of the Memorandum and Articles of Association all surpluses are to be applied towards the promotion of the Group and Company's objectives. Analysis of net assets between funds is as follows.. Restricted Funds Unrestricted Funds 2024 Total Group Tangible fixed assets Current assets Creditors within one year Creditors over one year 5,173,339 1,183,906 (1,222,846) {2,276,315) 5,173,339 1,183,906 (1,222,846) (2,276,315) Total funds 2,858,084 2,858,084 Company Tangible fixed assets Current assets Creditors within one year Creditors over one year 4,733,407 1,455,644 (1,207,297) (2,276,315) 4,733,407 1,455,644 (1,207,297) (2,276,315) Total funds 2,705,439 2,705,439 19. Reconclllation of net income to net cash flow from operating actlvltles 2024 2023 Net income for the year 24,506 16,372 Depreciation charges Interest payable Profit on sale of tangible fixed assets 284,898 123,826 (2,882) 279,636 111,803 430,348 407,811 (Increase) in debtors (Decrease)Ilncrease in creditors (78,364) (152,541) (109,515) 29,687 Net cash inflow from operating activities 199,443 327,983 Page 33
Jaffray Care Society Notes to the Consolidated Financial Statements for the Year Ended 31 March 2024 (continued) 20. Cash flow from investing activities 2024 2023 Payments to acquire tangible fixed assets Proceeds from sale of tsngible fixed assets {141,807) 2,882 (161,360) (138,925) (161,360) 21. Cash flow from financing activities 2024 2023 New loan advance Repayment of long-term loans 1,790,497 (2,010,280} (215,003) (219,783) (215,003) 22. Related party transactions No transactions with related parties were undertaken during the current or prior year. Post balance sheet events 23. Subsequent to the year end, the Charity has disposed of a plot of land ft)Ilowing an assessment by the Trustees that it was deemed to have no prospective use or value to the Charity as previously planned for expansion of existing facilities. The Charity has also surrendered a lease at £nil cost for a leasehold property which had been ftjlly impaired in a previous accounting period as this property was deemed by the Trustees to have no future value or purpose within the Charity. Page 34
Jaffray Care Society Detailed Group Expenditure Analysis for the Year Ended 31 March 2024 2024 2023 Residential care costs Staff costs Staff salaries including NIC and pension costs Agency Staff training Occupational health 4,733,151 261,305 10,591 32,277 4,185,089 423,386 19,964 25,499 5,037,324 4,653,938 Other dlrect costs Provisions Light and heat Cleaning and clinical waste Transport Residents expenses Daycare I leisure Rent and rates Insurance Repairs and renewals Telephone Depreciation Advertising 161,187 138,713 119,729 {49,057) 7,245 15,682 34,910 88,491 222,269 49,493 284,898 1,749 138,721 86,346 129,070 (45,411) {4,1311 13,845 34,061 71,995 186,007 41,525 279,636 7,976 1,075,309 939,640 Total residential care costs 6,112,633 5,593,578 This page does not form part of the statutory financial statements. Page 35
Jaffray Care Society Detailed Group Expenditure Analysis for the Year Ended 31 March 2024 (continued) 2024 2023 Governance Audit fees Trustees, expenses 15,000 7,199 15,000 7,199 Total Governance 22,199 22,199 Support costs Staff costs Staff salaries 258,249 235,202 Other dlrect costs Telephone Wage contract Postage Stationery Bank charges Professional fees Other Head office costs Profit on sale of fixed assets Travel expenses 6,211 13,347 2,621 23,590 6,988 6,965 14,709 8,877 (2,882) 3,241 8,590 13,977 2,925 21,483 1,319 8,753 4,682 7,002 2,685 83,667 71,416 Loan Inte$t 123,826 111,803 Total support costs 487,941 440,620 Total expenditure 6,600,574 6,034,198 This page does not form part of the statutory financial statements. Page 36