2024-03-31-accounts

Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Company Number 02029641 Registered Charity 1002141

Integrate (Preston and Chorley) Limited Report and Financial Statements

For The Year Ended

31 March 2024

Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Contents

	Page
Directors’ Report	1
Independent Auditor’s Report	10
Statement of Financial Activities	13
Balance Sheet	14
Statement of Cash Flows	15
Notes to the Financial Statements	16

Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Legal and Administrative Information

Directors	T McLean (resigned 6 May 2023)
	L Arkwright
	M Bleasdale
	N Homan
	J Kay
	T Keely
	P McKeown
	A Caine (appointed 24 June 2024)
	R A Crowther (appointed 26 June 2024)
	S Shrestha (appointed 26 June 2024)
	S Stephens (appointed 24 June 2024)
Chief Executive:	S Pemberton
Project director, ISS:	P Green
Project director, Corporate	A Guthrie
Services and Company
Secretary:
Project director, New Focus:	A Watson
Registered Office:	Quayside House off Chain Call Way
	Navigation Way
	Preston
	Lancashire
	PR2 2XS
Charity Number:	1002141
Company Number:	02029641
Constitution:	The charity is registered as a company and is limited by guarantee. The
	charity is governed by Memorandum and Articles of Association.
Auditors:	MHA
	Richard House
	9 Winckley Square
	Preston
	PR1 3HP

Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

The Trustees, who are also Directors of the charity for the purposes of the Companies Act, present their annual report and financial statements of the charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Structure, Governance and Management of the Organisation:

Constitution and Governing document:

Integrate is a charitable company whose Board of Directors are also charitable Trustees and are appointed to reflect the range of skills, interests and experience needed for effective governance, given the nature of the charitable activities. Trustees are appointed by the Board. The memorandum of association governs the activities of the charity and there are regular Board meetings to govern the business of the charity and monitor its operations, with operational senior managers reporting to project Sub Boards to the agreed organisational plan.

Recruitment/Selection of Trustee Directors:

Directors (Trustees) are sought whose skills build on the skills base of the current Board which includes sector specific skills, expertise and experience, as well as in finance, law, business, marketing, human resources, and management, and includes some stake-holder representation from a parent carer and an expert by experience. Vacancies in the Board are advertised and recruited using local networks and the National Press. The current makeup of the Board was reviewed in March 2020, and it was agreed that there is a need to seek new members to allow for succession planning, this has moved forward in the last year and we will be confirming four new trustees in the next financial year.

The process of application for new members includes seeking references and attendance at an agreed number of Board Meetings, firstly as an observer, to ensure both the present Board of Trustees and the applicant feel the appointment would be beneficial and appropriate. The applicant receives all relevant information regarding the organisation structure, Board structure, expectations of both the Sub Boards and the Board Committees. This is further supported with verbal information from either the Chief Executive, the current Chair or the Company Secretary. Once the suitability of the prospective candidate has been agreed by the current Board Members the new Trustee will then be confirmed formally in their role at the next AGM.

Induction and training:

The training of new Board Directors would include the provision of an initial induction pack containing key information about the organisation including the Plan, organisational structures, the last AGM report and Accounts, any other recent project reports which may be of assistance, material on the organisation’s constitution and memorandum of association, the role of the Board, and the up-to-date national guidance on Trustee standards and governance requirements. The Trustee job description is included in the pack and in any information to potential Trustees.

There would also be a 1:1 introductory session with the Chief Executive on the organisation including meeting key people and a similar 1:1 session with the Chair. Any new Chair has a period of induction which includes some induction from the retiring Chair or a designated experienced Board Director and on-going support/advice from them as required.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Induction and training (continued):

We continue to offer of ad-hoc training sessions to Trustees which previously included invites and attendance to conferences on the Care Act 2015, Deprivation of Liberty, Safeguards, Safeguarding, training in financial areas and other events relevant to the sector, and a return to face to face meetings these opportunities will increase. Operational Managers continue to offer regular briefings regarding current employment changes, Charity Commission information and other updates relevant to each project area. Training continues to be done jointly with senior operational management as appropriate.

Key management personnel remuneration

The remuneration of the Chief Executive and Project Directors is set and reviewed by the remuneration committee with approval from the full Board of Trustees. Benchmarking of local similar charities takes place to ensure parity with other local Social Care and Charity Sector key personnel remuneration.

Structure and wider network:

Trustees are responsible for the long-term strategic direction of the charity, setting the aims and monitoring progress towards these, agreeing the annual plans and budgets within the overall strategy and key policies. The day-to-day management of the charity is delegated to the Chief Executive and the Project Directors, who are professional managers with experience and expertise in areas relevant to the projects. The Board continues to set financial parameters on level of spend authorised.

The Board meets regularly with the Chief Executive and Company Secretary as well as Project Directors who all attend quarterly Board meetings. The work of the Board continues to be supported by 3 Sub Boards who look at the detail of the 3 major project areas. The Sub Boards are supported by the 3 operational Project Directors. The Board concentrates on the organisation’s governance responsibilities and safeguarding the charity, looking towards its longer-term development, its strategic plan and overall financial stability. There may also be occasions where it is beneficial to run short-term “task and finish” groups with relevant operational management in relation to development and review issues across the whole organisation.

Sub Boards work to the Project operational plans and report to the Board on progress and exceptions/matters which might affect the overall charity’s risk or viability. The Project Directors manage the overall project activity to their agreed annual plans and ensure effective management of the activities to agreed standards, providing the specialist professional management and expertise. There may also be times when the Sub Boards co-opt members to follow up or advise on specific projects, for example Psychology, Housing Leads or others when applicable.

Relationship with any related parties:

Integrate has continued with its membership of the Lancashire Learning Disabilities Consortium (LLDC), which is an Industrial and Provident Society with charitable exemption and has a membership of Learning Disability Charities and Associate Members from Lancashire who share a commitment to promoting the welfare of adults with Learning Disabilities. Integrate, along with the LLDC, continue to represent issues for the Learning Disability sector across the county. Integrate’s C.E.O. currently holds the position of Chair for the LLDC.

The relationship between Integrate and Linkability, a charity based in Chorley which works with adults and children with severe Learning Disabilities, continues to be positive and is used as an opportunity to share knowledge and support in sector related issues

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Relationship with any related parties (continued):

Integrate’s Social Enterprise Projects continue their associations with The Social Enterprise Lancashire Network, an organisation created to support social business across Lancashire; The Woodhouse is a member of the National Community Wood Recycling Project. The Charity Shops promote their links with the sector through their Membership of the Chamber of Commerce.

Integrate continue the sponsorship of Community Living, a magazine about Learning Disabilities has continued in this financial year. The CEO is a member of the Editorial Board and a trustee on the Board of C.L. Initiatives Limited, the charitable entity which govern the production and financial administration of the magazine.

Integrate continue to work in partnership with several Housing Associations, such as Places for People, Manchester Housing, Care Housing Association and Preston Community Gateway who all support the work of the Charity. Integrate acts as Managing Agents for some of these Housing Associations for which a fee is received. We continue to work with an increased number of private landlords due to the current social housing market.

Links with the local universities and colleges have continued over this year and once again we have had students on placement in our services.

This year Integrate have continued with their membership of the National Care Forum and have become members of VODG, (Voluntary Organisations Disability Group) which is a national charity that represents not-for-profit organisations who provide services to disabled people in ways that promote independence, choice and control.

Reviewing major risks:

Integrate review any major risks annually, this is carried out by the Directors and Trustees and is managed by a combination of employing suitably qualified and experienced staff at each level and by providing regular and relevant training alongside the development and implementation of policies and procedures.

Risk assessments and strategies are in place and reviewed regularly to manage risks. Key areas are monitored which include financial planning and management of the main organisational risks. There are Safeguarding and Whistleblowing policies in place and these help to identify risk at an early stage to allow appropriate interventions to take place. One of the Trustees has designated responsibility for Whistleblowing.

The continued engagement of a Health and Safety consultant has helped the organisation to assess its Health and Safety risks by acting as our Competent Advisor. The ongoing monitoring of Health and Safety is reviewed monthly by the Staff Health and Safety and Staff Reps groups.

The majority of Integrate’s business continues to be with Lancashire County Council and is funded at the benchmark rate. Having a major part of the business funded by one authority does place a certain amount of risk to the organisation. We are moving onto the APL Framework for Lancashire, which may give rise to some stretching contractual obligations. There have also been a number of people designated as ‘commissioned off framework’ by the Local Authority, for which Integrate receive a reduced fee. This year has seen an increased number of people with support being funded by the NHS through Clinical Commissioning Groups and via the Transforming Care Agenda at our Service development rate.

The organisation also takes out comprehensive insurance to cover property and on-going operational risks and to indemnify the organisation’s professional managers and Directors. This would also provide for the costs of defending any action related to HR issues which might be taken against them at any time and any potential concerns are managed in full consultation and supported by Peninsula, together with an HR professional manager who offers training and guidance.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Reviewing major risks (continued):

Integrate’s business continuity plan also covers areas such as the Covid pandemic, swine flu, winter flu, adverse weather conditions and other situations which may prevent staff from attending work including cyber risks. As staffing the service is the key risk in delivering support to vulnerable people, the plans allow for cover in case of untoward contingencies.

Integrate’s Internal Agency continues to be steady and provides the organisation with members of agency workers to cover for holidays, sickness and training of permanent staff. The use of external agency over the whole organisation has remained fairly similar to other years. Where it is necessary to use external agencies both parties would work together to ensure staff used are regulars and known to the individuals they support.

One major risk is the Tulketh Brow office which suffered from a flood and severe water ingress, which has meant some rooms are unable to be used. New office premises have been identified and we will be moving in the next financial year.

Objectives and Activities

The charity’s key objectives and activities are:

To develop, maintain and deliver local services in Preston and the surrounding area for adults and young people of 14 years and over with Learning Disabilities, and other adults in need whose disabilities benefit from more intensive support.

This includes providing Supported Housing and Domiciliary Support to various individuals in their home, to individuals in the family home, support towards employment and training activities, volunteering, and support to attend local colleges or other vocational activities.

Achievements and Performance

• There has been little change in the numbers of individuals receiving support from Integrate over the current year and the organisation has continued to provide support services in the local community to around 165 adults with learning disabilities, poor mental health, physical disabilities or hearing loss through continued contracts mainly with Lancashire County Council, but with around 35 individuals funded by Manchester City Council, other local authorities and Clinical Commissioning Groups. These services are responsible for the generation of the majority of Integrate’s income. Whilst the numbers of individuals who receive support has remained static, sadly we have seen a few people who we supported who passed away over this period. Both our specialist services still have referrals in the pipeline but moving forward with them has been hampered due to lack of appropriate accommodation. This means numbers are slightly lower than predicted. Integrate’s original services continued to consolidate but have taken on a number of smaller services this year.

• We continue to offer Specialist Deaf Services which offer opportunities to people from the Deaf community to live a varied lifestyle in their own homes rather than in more institutional settings. We have also seen an increase in our service provision to the Deaf Community with learning Disabilities over this period. This includes outreach provision to a wider geographical area.

• The application for the organisation to be on the Supported Living Approved Provider List for Lancashire County Council has been approved, but we have still to move forward with this.

• Progress with our Ordinary Lives group has been slow this year, although meetings have resumed.

• We held a very successful Garden Party in the summer and a Christmas Fair, both very well attended by the People we Support, staff, volunteers and members of the general public. These functions are a positive way to be involved in the local community.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Achievements and Performance (continued):

• In November we held our Forty-year celebration, which was very well attended by almost 300 people, including People we Support, Staff, Family Members, Trustees, friends and the ‘Right Honourable Mayor of Preston’ We used this opportunity to highlight the innovative work we have carried out over the last forty years in both the local and wider communities.

• We presented the People we Support who help us with interviewing and other events, along with our volunteers, a token of our appreciation and a certificate.

• We also celebrated staff achievements and carried out the first of two awards for ‘The Tom MacLean’ ‘Making a difference award’ and the Rose Trustam ‘Good practice award’ in memory of our founding CEO and President. These awards will now be presented yearly.

• The number of people attending our Social Enterprise Projects have remained steady over the year. Our relationship with the larger construction companies and the relationships with other similar organisations has been maintained during this period.

• Integrate have continued to support Community Living, which has moved to being totally online this year. This has increased accessibility to the wider public and has seen an increase in people viewing the magazine.

• Our Social Inclusion representative continues to support people who use our services to be involved in and participate in both local and national forums representing issues for people with a Learning Disability. They also arrange events and meetings for the People we Support, the wider organisation and the local community.

• We continue with appropriate office provision and administrative support to the wider geographical areas and have provided for better IT support and teams, online.

• Integrate continue to work in partnership with several Social Housing providers with whom we have had long standing relationships. These include Places for People, Community Gateway and Your Housing. We also use private landlords to source appropriate properties and help the people we support to manage their tenancies. We have continued to carry some vacancies and rental voids, which have been unavoidable due to compatibility and the properties being unsuitable due to the requirement of ground floor properties.

• The average number of staff employed by Integrate in this year is 267 full time equivalents, including internal agency staff. Most of our staff teams live in the local areas where they work, which enhances our presence in these communities.

• There is a well-developed pathway for training within the organisation and we continue to support staff through basic and mandatory training to ensure training of staff meet the needs of the people receiving support.

• Integrate continues to support the training of lead trainers in physical intervention training and Positive Behavioural Support, in line with The Restraint Reduction Network Training. Due to the positive impact of this training, we have seen a decrease in the number of people requiring Physical intervention protocols in their support plans.

• Integrate continues to offer Management training and other suitable courses to Senior staff to equip them for the Senior Role. This includes some who are supported to become Trainers, helping to deliver and support the progression of staff teams through the Care Certificate. This ensures consistency and quality in relation to training qualifications and enhances the training offered and the skills of the organisation and has led to an increased number of qualified staff within the organisation.

• One of our Service Managers on the Specialist Services has now taken up a place on the Social Work degree course. This will help us with the number of suitably qualified managers.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Directors’ Report

Integrate (Preston and Chorley) Limited

Year ended 31 March 2024

• We have become a Signature approved Provider for British Sign Language training and a cohort of staff at various levels are currently undertaking Level 1 BSL course. This will help us to communicate across the wider organisation with both the Deaf people we support and our Deaf staff. It will hopefully help us to ‘home grow’ our own staff teams.

• The People we Support have held several fund-raising events over the year, raising money for MacMillan, Alzheimer’s and other charities. It is very positive for people with Disabilities to raise money for other charities and people in need, as often they are seen as taking from the community and not being able to give back to their community.

• The above activities are in line with Integrate’s Strategic Plan and demonstrate how it meets its aims and objectives. Integrate continues to meet public benefit requirements, as set down by the Charity Commission, in relation to its charitable work and objects, by its involvement and influence in the local community, promoting inclusion and awareness about disadvantaged groups, alongside its main activities of direct support to these individuals

The impact of Covid-19

In line with Government policy, any Covid-19 risks are now treated as part of “business as usual.”

Disabled employees

The charity gives full consideration to applications for employment from disabled persons where a disabled person can adequately fulfil the requirements. Where existing employees become disabled, it is the charity’s policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development.

Rose Trustam Legacy

Integrate’s founding Chief Executive Officer sadly passed away during the pandemic. She very kindly left Integrate a legacy from her estate and some of these funds have been designated by Integrate to be used towards good practice awards in her name and to help with further involvement of the people we support in the organisation, in line with the values of the Charity.

Financial review

Designated Reserves:

The charity has designated reserves held in relation to the commitment it has to the people it supports, its housing management responsibilities and its staff. It also must maintain a level of cash flow to cover its monthly requirements and to take account of changes in the contracting environment. Further, Integrate also maintains reserves in order to support project development and to support applications to external funding sources.

Currently designated reserves are as follows and have decreased by £1,600 from the previous year:

• Voids: Voids tend to be long term and filling them generates additional costs due to the length of time that needs to be taken before a tenant can move in. Shared properties with voids can be difficult to fill due to compatibility issues with co-tenants.

• Office funds: is used to support major works/repairs/relocations on main offices.

• Housing provisions: ensures reserves to cover unexpected housing services responsibilities to support housing service needs.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Financial review (continued)

Designated Reserves (continued):

• Development provision: The charity is looking to continue to consolidate its position over the next year. Further funding from external sources would be required for large development projects.

• Continuity: the continuity fund has been maintained and viewed together with the general reserve the longer term target is to cover 2 months expenditure and the gap has continued to narrow this year.

• Clients’ Continuity: this fund is used to support specific needs of clients relating to Integrate’s duty of care e.g. funeral costs, contribution to equipment required and welfare where no other sources are available.

• Training fund: funds continue to be used to support the further development of specialist training.

• Employment contingency: supports the impact of any additional costs due to restructuring or service changes in order to assist continuity and transition and any other unforeseen employment costs.

• Training Equipment Reserve: to support client and staff training equipment including that to support the needs of disabled people.

• Rose Trustam legacy: the Trustees have designated funds received from a legacy from Integrate’s founding Chief Executive Officer to be used towards good practice awards in her name and to help with further involvement of the people we support in the organisation, in line with the values of the Charity.

General Reserve:

As a business there is a need for a general reserve to support cash flow and payroll, where contracts are mainly paid 4 weeks in arrears. The general reserve and continuity reserve must be considered together to cover the charity’s monthly ongoing operating costs. The general reserve has increased by the net movement in unrestricted funds this year.

This year the remeasurement of the pension fund liability as detailed in Note 16, has led to a gain of £495 being recognised within the general reserve. The net movement before this remeasurement was £50,267.

Restricted reserves:

Reserves and Tangible Fixed Assets

Total reserves as at 31 March 2024 were £820,098 all of which are unrestricted funds. After the deduction from total funds of designated funds (excluding the continuity contingency fund) and fixed assets the total reserves are £272,227.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Principal funding sources:

The concern remains over the financial reliance on a major single funder Lancashire County Council due to the commitment to providing local services. Some inroads have been made with other Councils, the NHS and some Clinical Commissioning Groups with the specialist service provided by New Focus. Housing services also contribute significantly to the Charity and its commitment to support services in the community.

Training related income:

Integrate receives training income for social work and nursing placements and has also received income from Skills for Care towards mandatory training requirements.

Future plans:

During the Next Year:

• Continued delivery of high-quality support, utilising Person-Centered approaches to enable services to meet individual need.

• To confirm our new Trustees as full Board Members and allocate them across the Sub Boards.

• To meet the development target of the specialist services in line with the strategic plan.

• Continued opportunities in the Social Enterprise Projects bringing together new ideas on the Horticulture Project, Charity Shops, the Woodhouse and Packing Project by seeking out new initiatives for work streams. Further development of the Cars Project.

• To continue the development of our specialist Deaf Service to enable an increased number of individuals to live in and access the community.

• To continue to develop, review and implement systems with continued involvement and representation from staff at all levels.

• To further increase opportunities for involvement of the people we support across the organisation with further training for Quality Checkers, increased involvement in the recruitment process at all levels and the exploration of opportunities for paid work within the organisation. These opportunities should also include participation and membership within the organisation including representation to Sub Boards and Board in a variety of ways.

• To work with LCC moving services onto the APL framework.

• To apply for inclusion on the ‘Home Care Framework’ with LCC

• To increase recruitment and reduce the use of External Agency.

• To re-locate to the new identified office and plan for the sale of our Tulketh Brow office.

• To continue to hold annual events to celebrate the successes of the organisation and recognise the positive support provided to adults with Learning Disabilities in the community, as per our Mission Statement.

Fundraising:

We have considered the requirements of the Charities (Protection and Social Investment) Act 2016 regarding disclosures concerning fundraising and fundraising standards and confirm that these do not apply to the charity.

Auditors:

A resolution proposing that MHA be reappointed as auditor of the company will be put to the Annual General Meeting.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Directors’ Report

Year ended 31 March 2024

Statement of Trustees’ Responsibilities:

The Trustees (who are also the Directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles of the Charities SORP 2019 (FRS 102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for detection of fraud and other irregularities.

In so far as the Trustees are aware:

• there is no relevant audit information of which the charitable company'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.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

By order of the Board

J Kay Director

December 4, 2024 Date:

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Independent Auditor’s Report to the Members

Year ended 31 March 2024

Opinion

We have audited the financial statements of Integrate (Preston and Chorley) Limited (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities (incorporating an income and expenditure account), the balance sheet, the statement of cash flows, 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 charitable company’s affairs as at 31 March 2024, and of its 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 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 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 information

The other information comprises the information included in the directors’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Independent Auditor’s Report to the Members

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, which includes the directors’ report for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

Matters on which we are required to report by exception

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, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemption in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement on page 9, 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 for 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 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Independent Auditor’s Report to the Members

Year ended 31 March 2024

Auditor’s responsibilities for the audit of the financial statements (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

• Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud;

• Challenging assumptions and judgements made by management, in particular in relation to future performance;

• Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness;

• Reviewing correspondence with the Care Quality Commission and the Charities Commission; and

• Reviewing board minutes.

• Reviewing the systems for recording revenue and to ensure income has been recognised in the correct period

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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidancefor-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. 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 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 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.

Nicola Mason MA(Cantab) FCA DChA (Senior Statutory Auditor)

For and on behalf of MHA Chartered Accountants and Statutory Auditor Preston

December 4, 2024

…………………

MHA is the trading name of McIntyre Hudson LLP, a limited liability partnership in England and Wales.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Statement of Financial Activities (Incorporating an income and expenditure account)

For the year ended 31 March 2024

Notes Income from: Charitable activities 2 Investments 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net income 7 Transfers between funds Other recognised gains: Remeasurements to pension liability 16 Net movement in funds Total funds brought forward Total funds carried forward	Unrestricted Funds 2024 £ 10,236,902 7,475 10,244,377 10,232,660 10,232,660 11,717 - (6) 11,711 777,668 789,379	Restricted Funds 2024 £ - - - - - - - - - - -	Total Funds 2024 £ 10,236,902 7,475 10,244,377 10,232,660 10,232,660 11,717 - (6) 11,711 777,668 789,379	Total Funds 2023 £ 9,318,508 2,380 9,320,888 9,270,621 9,270,621 50,267 - 495
				50,762 726,906 777,668

All of the above results are derived from activities which are continuing.

All gains and losses in the periods are included above.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Balance Sheet

As at 31 March 2024

	Notes		2024		2023
		£	£	£	£
Fixed Assets
Intangible assets	10		14,900		30,432
Tangible assets	11		386,771		406,131
Current Assets
Debtors	12	1,024,528		763,622
Cash at bank and in hand		655,624		867,677
		1,680,152		1,631,299
Creditors:
Amounts falling due within one year	13	(1,292,444)		(1,282,246)
Net current assets			387,708		349,053
Total assets less current liabilities			789,379		785,616
Creditors:
Amounts falling due after more than
one year	14		-		(7,948)
Net assets			789,379		777,668
Represented by:
Restricted funds	15		-		-
Unrestricted funds	15		789,379		777,668
Total funds			789,379		777,668

The financial statements have been prepared in accordance with the provisions applicable to companies entitled to the small companies’ regime

December 4, 2024

The financial statements were approved by the board of directors and authorised for issue on …………….………..

Signed on behalf of the Board

J Kay Director Company number: 02029641

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Statement of Cash Flows

For the year ended 31 March 2024

Cash (used in) / generated by operating activities (a) Cash flows from investing activities Investment income Interest paid Proceeds from sales of tangible fixed assets Purchase of tangible fixed assets Cash used in investing activities Cash flows from financing activities Repayment of borrowings Cash used in by financing activities Increase in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year (a) Reconciliation of net movement in funds to net cash flow from operating activities Net income for the year Investment income received Interest paid Amortisation Depreciation (Profit)/Loss on disposal (Increase)/decrease in debtors (Decrease)/increase in creditors Employers pension deficit contributions (note 16) Cash (used in) / generated by operating activities	2024 Total £ (135,198) 7,475 - 5,300 (6,274) 6,501 (83,356) (83,356) (212,053) 867,677 655,624 11,711 (7,475) 710 15,532 18,869 1,464 (260,906) 95,489 (10,599) (135,198)	2023 Total £ (177,258) 2,380 (3,863) - (33,596)
		(35,079)
		(2,603)
		(2,603)
		(214,940) 1,082,617 867,677 50,267 (2,380) 4,411 15,532 25,872 - (199,160) (61,201) (10,599)
		(177,258)

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Notes to the Financial Statements

Integrate (Preston and Chorley) Limited

Year ended 31 March 2024

1 Accounting policies

a General information and basis of preparation

Integrate (Preston and Chorley) Limited is a company limited by guarantee, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity (the members of the company are the Directors as listed on the legal and administrative information page). The address of the registered office is included on the legal and administrative information page of these financial statements. The nature of the charity’s operations and principal activities are included within the Directors’ Report.

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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b Going concern

The Trustees together with management assess whether the use of going concern is appropriate i.e. whether there is any material uncertainties related to events or conditions that may cast significant doubt on the charity to continue as a going concern. The assessment is made in respect of a period of at least one year from the date of authorisation for issue of the financial statements.

Following a review of the financial forecasts, together with funds held, the trustees have concluded that it remains appropriate to prepare these financial statements on the going concern basis as the budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

c Fund accounting

General funds are unrestricted 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is described by its title within the directors’ report. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors. The aim and use of each restricted fund is described by its title within the directors’ report.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

d Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

• Voluntary income is received by way of donations and is included in full in the SOFA when receivable.

• Investment income is included when receivable.

• Incoming resources from charitable trading activities are accounted for when earned.

Income received in advance of an event or provision of specified service is deferred until the criteria for income recognition are met.

e Expenditure

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

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Detailed analyses of the expenditure, including irrecoverable VAT where applicable, are provided in the notes to the accounts.

• Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct costs and support costs relating to these activities and services.

• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked with the strategic management of the charity.

• Support costs relate to costs incurred in carrying out the central functions. These costs have been allocated to the charitable activity – enabling young people and adults with a learning disability.

• f Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

 Freehold buildings 1%-20% straight line

• Fixtures, fittings and equipment 12.5%-33.3% straight line

• Employment Unit equipment 12.5%-25% straight line

g Intangible fixed assets

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

• Software 14.2% - 20% straight line (over 5-7 years)

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Notes to the Financial Statements

Integrate (Preston and Chorley) Limited

Year ended 31 March 2024

h Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

i Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

j Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

k Pensions

The company contributes to a multi-employer scheme. As the proportion of the fund attributable to Integrate (Preston and Chorley) Limited cannot be calculated this scheme has been treated as if it was a defined contribution scheme. As the scheme is in deficit and the company has agreed to a deficit funding arrangement, the company recognises a liability for this obligation which is equal to the discounted present value of the future deficit payments.

l Operating leases

Rentals applicable to operating leases are charged to the SOFA on a straight line basis over the term of the lease.

m Taxation

The company is a registered charity and is not liable to taxation on its charitable activities.

n Judgements and key sources of estimation uncertainty

The Directors do not believe that there are any estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

2 Income from charitable activities

Statutory Funds Housing Funds Social Enterprises Training (including secondment) Grants Project Funded Income Self Funding Other	Unrestricted 2024 £ 8,843,208 852,529 461,703 19,678 - - - 59,784 10,236,902	Restricted 2024 £ - - - - - - - - -	Total 2024 £ 8,843,208 852,529 461,703 19,678 - - - 59,784 10,236,902	Total 2023 £ 7,879,248 796,173 420,651 9,602 66,705 9,360 17,509 119,260
				9,318,508

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

3 Income from investments

This comprises building society interest. All investment income was unrestricted in the current and previous year.

4 Support costs

Support costs
Wages, salaries and other staff related costs Premises related costs Communications costs Legal and professional services Sundry expenses Amortisation Depreciation Bank charges and interest	2024 £ 374,797 70,691 35,188 81,939 8,882 15,532 12,437 2,139 601,605	2023 £ 344,188 66,354 28,182 75,432 3,120 15,532 19,644 6,467
		558,919

5 Expenditure on charitable activities

Wages, salaries and other staff related costs Premises related costs Communications costs Legal and professional services Other Social Enterprise costs Sundry expenses Depreciation Bank charges and interest Support costs (see note 4) Governance costs (see note 6)	2024 £ 8,227,348 951,270 109,693 203,497 35,036 75,598 6,432 7,734 601,605 14,447 10,232,660	2023 £ 7,481,522 840,015 102,003 168,501 25,548 69,487 6,228 5,053 558,919 13,345
		9,270,621

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

6 Governance costs

These costs are as follows:

External audit External audit – irrecoverable VAT Trustees’ expenses 7 Net income/(expenditure) for the year This is stated after charging: Amortisation Depreciation Auditors’ remuneration Rentals under operating leases 8 Staff costs Wages and salaries Social security costs Pension costs (defined contribution)	2024 £ 12,000 2,400 47 14,447 2024 £ 15,532 18,869 12,000 691,705 2024 £ 6,944,801 556,003 154,141 7,654,945	2023 £ 11,100 2,220 25
		13,345
		2023 £ 15,532 25,872 11,100 643,825
		2023 £ 6,175,701 499,150 136,071
		6,810,922

The average monthly number of salaried employees during the year was: Full and part time Full time equivalents	2024 2023 319 294 267 255

One (2023: one) employee received total employee benefits (excluding employer pension costs of more than £60,000 during the current year, earning between £60,001 and £70,000. The directors (trustees) did not receive any remuneration during the year. Travel expenses amounting to £47 (2023: £25) were reimbursed to one (2023: one) director (trustee) during the year. The key management personnel of the charity comprise the Directors, the Chief Executive, and the three Project Directors as listed on the legal and administrative information page. The total employee benefits of the key management personnel of the charity, including National Insurance and pension contributions, were £259,669 (2023: £254,176).

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

9 Related party transactions

S Pemberton is a trustee of C.L. Initiatives Limited. During the year subscription and seminar fees of £4,000 (2023: £4,000) were paid to this entity.

10 Intangible fixed assets

ntangible fixed assets
Cost At 1 April 2023 At 31 March 2024 Amortisation At 1 April 2023 Charge for year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023	Software £ 90,251 90,251 59,819 15,532 75,351 14,900 30,432	Total £ 90,251
		90,251
		59,819 15,532
		75,351
		14,900
		30,432

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

11 Tangible fixed assets

Freehold land and buildings £ Cost At 1 April 2023 528,554 Additions - Disposals - At 31 March 2024 528,554 Depreciation At 1 April 2023 161,115 Charge for year 5,242 Eliminated on disposals - At 31 March 2024 166,357 Net book value At 31 March 2024 362,197 At 31 March 2023 367,439 12 Debtors Trade debtors Prepayments and accrued income 13 Creditors: amount falling due within one year Bank loans (note 14) Trade creditors Other tax and social security Accruals and deferred income Pension deficit payments (note 16)	Fixtures and fittings £ 123,580 6,274 - 129,854 113,454 7,195 - 120,649 9,205 10,126	Social Enterprise equipment £ 67,295 - (16,995) 50,300 38,729 6,433 (10,231) 34,931 15,369 28,566 2024 £ 676,408 348,120 1,024,528 2024 £ - 142,835 133,568 1,007,377 8,664 1,292,444	Total £ 719,429 6,274 (16,995)
			708,708
			313,298 18,869 (10,231)
			321,936
			386,771
			406,131
			2023 £ 535,966 227,656
			763,622
			2023 £ 83,356 69,111 100,846 1,018,334 10,599
			1,282,246

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

14 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
Pension deficit payments (note 16) Bank loans fall due for payment as follows: Amounts wholly repayable by instalments Bank loans Within one year Between two and five years	2024 £ - - 2024 £ - - -	2023 £ 7,948
		7,948
		2023 £ 83,356 -
		83,356

Interest is payable at base rate plus 3.1%. The bank loan is secured by a fixed charge on the freehold land and buildings it relates to.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

15 Funds

General Designated funds Voids reserve Office fund Housing provisions Development provision Continuity contingency Clients’ contingency Training fund Employment contingency Rose Trustam legacy Training equipment reserve General and designated Restricted funds Total funds	At 1 April 2023 £ 329,868 25,000 12,500 10,000 25,000 300,000 10,000 5,000 13,000 44,300 3,000 777,668 - 777,668	Income £ 10,198,291 46,086 - - - - - - - - - 10,244,377 - 10,244,377	Expenditure £ (10,154,255) (59,954) (4,669) - (7,656) - (550) (2,376) (1,600) (1,600) - (10,232,660) - (10,232,660)	Other gains, losses and transfers £ (30,725) 13,868 4,669 - 7,656 - 550 2,376 1,600 - - (6) - (6)	At 31 March 2024 £ 343,179 25,000 12,500 10,000 25,000 300,000 10,000 5,000 13,000 42,700 3,000
					789,379
					-
					789,379

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

15 Funds – Previous Year

General Designated funds Voids reserve Office fund Housing provisions Development provision Continuity contingency Clients’ contingency Training fund Employment contingency Rose Trustam legacy Training equipment reserve General and designated Restricted funds Total funds	At 1 April 2022 £ 323,406 25,000 12,500 10,000 25,000 300,000 10,000 5,000 13,000 - 3,000 726,906 - 726,906	Income £ 9,278,119 42,769 - - - - - - - - - 9,320,888 - 9,320,888	Expenditure £ (9,161,310) (58,714) (11,944) (2,416) (7,211) - (788) (2,700) (25,538) - - (9,270,621) - (9,270,621)	Other gains, losses and transfers £ (110,347) 15,945 11,944 2,416 7,211 - 788 2,700 25,538 44,300 - 495 - 495	At 31 March 2023 £ 329,868 25,000 12,500 10,000 25,000 300,000 10,000 5,000 13,000 44,300 3,000
					777,668
					-
					777,668

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

16 Pension costs

Integrate (Preston and Chorley) Limited participates in The Pensions Trust’s Growth Plan (the scheme). This is a multi-employer scheme which provides benefits to some 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

• From 1 April 2022 to 31 January 2025: £3,312,000 per annum (payable monthly)

Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.9m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

• From 1 April 2019 to 31 January 2025: £11,243,000 per annum (payable monthly and increasing by 3% each on 1st April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

As the scheme is in deficit and the company has agreed to a deficit funding arrangement, the company recognises a liability for this obligation. The amount recognised of £8,664 (2023: £18,547) is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

A reconciliation of the total liability included within creditors is shown below. A total of £8,833 (2023: £10,599) is shown as due in less than 1 year, with the balance shown as due in greater than 1 year.

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

16 Pension costs (continued)

At 1 April Unwinding of the discount factor (interest expense) Deficit contribution paid Remeasurements - impact of any change in assumptions At 31 March	2024 £ (18,547) (710) 10,599 (6) (8,664)	2023 £ (29,093) (548) 10,599 495
		(18,547)

The charges/(credits) recognised in the statement of financial activities are shown below:

Interest expense Remeasurements to pension liability The assumptions used are shown below: Rate of discount	2024 2023 £ £ 710 548 (6) 495 2024 2023 % % 5.31 5.52

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

At the year-end £19,432 (2023: £29,544) was owed to the scheme in respect of contributions.

17 Analysis of net assets between funds

Intangible fixed assets Tangible fixed assets Net current assets Creditors due after more than 1 year	Restricted - - - - -	Unrestricted 14,900 386,771 387,708 - 789,379	Total 2024 £ 14,900 386,771 387,708 - 789,379	Total 2023 £ 30,432 406,131 349,053 (7,948)
				777,668

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Docusign Envelope ID: 25230247-241B-4CB6-B5A8-BFDE21EF463A

Integrate (Preston and Chorley) Limited

Notes to the Financial Statements

Year ended 31 March 2024

18 Financial commitments

Operating lease commitments

At the year end, the total of the company’s future minimum lease payments under non-cancellable operating leases was:

Amounts due within one year Amounts due between one and five years nalysis of changes in net debt Bank loans due in more than one year Bank loans due in less than one year Total liabilities Cash and cash equivalents Total net funds	Land & Buildings 2024 £ 2023 £ 507,184 464,740 7,286 4,876 514,470 469,616 2023 £ Cash flows £ - - (83,356) 83,356 (83,356) 83,356 867,677 (212,053) 784,321 (128,697)	Other 2024 £ 2023 £ 91,600 4,876 868 868 92,468 5,744 Other changes £ 2024 £ - - - - - - - 655,624 - 655,624	Other 2024 £ 2023 £ 91,600 4,876 868 868 92,468 5,744 Other changes £ 2024 £ - - - - - - - 655,624 - 655,624
			5,744
			2024 £ - -
	(83,356) 867,677 784,321		- 655,624
			655,624

19 Analysis of changes in net debt

Page | 28