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.
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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.
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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
SO￿are, additional staff training and new insurance risk policies to include response, restoration,
expenses and business interruption.
Management and Trustees
There are clear distinctions be￿een 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.
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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 SO￿are 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.
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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.,
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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 eX￿ptIonal 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.
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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 ne￿Ssary.
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.
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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 S￿narioS 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.
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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
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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.
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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 ne￿SSary 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 Se￿iceS
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 (re￿Ived 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 be￿een 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