Alabaré (Formerly Alabaré Christian Care And Support) (A company Limited by Guarantee) Report of the Trustees and Financial Statements For the year ended 31 March 2024 Company number: 2604011 Charlty number: 1006504 Alabaré Index to the Flnancial Statements For the year ended 31 March 2024 Pa8e Report of the Trustees Ito9 Report of the Independent Audltors ioto Statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flow 15 Notes to the Financial Statements 16to26 Alabaré Report of the Trustees For the vear ended 31 March 2024 Referen￿ and Administrative details Company Number 2604011 Charity Number 1006504 Registered Office Riverside House, 2 Watt Road, Salisbury. Wiltshire SP2 7UD Governing document Memorandum and Articles of A￿O¢latIon dated 28 March 2024. Patron5 General the Lord Dannatt GCB, CBE, MC. DL Brigadier Simon Firth CBE Reverend Joanna Jepson The Right Revered Stephen Lake, Bishop of Salisbury Honorary President John Proctor Board of Trustees Malcolm Cas5ells Don Alexander Teresa Bar5by Paddy Bradley Martin Clark Catherine Detain Mickey Morrissey Alicia Prortor Mark Proctor Phillip Reynolds Philip Sutton Richard Winstanley Vernon White Chair of Board Resigned ￿ July 2023 Vice Chair Appointed 31st December 2023 Resigned 5th February 2024 Appointed 24th August 2023 Vice Chair Appointed 24th August 2023 Appointed 24th August 2023 Cornmlttees Strurture Finance & Resources Committee Quality Committee Fundralsln& Marketing and Retall Commlttee fromJanuary2024 11 Page Alabaré Report of the Trustees For the vear ended 31 March 2024 Key Management Andrew Lord Rakesh Gulati Vanessa Bedford Gill Turner- Callis Kirsty Scullion Rebecca Mullen Claire Sime Jo King Sue Gumbleton Anne Williams Georgina Hackett Spencer Watmore Jacob Beale Rob Gibson Nick Dalton Karen Bell (Chief Executive) (Finance & Commerclal Dlrectorl until 25 January 2024 (Care and Support Director) (Senior Chaplain) (Partnership and Income Generatlon Manager) (Fundraising Events & Development Manager) (Marketing & Individual Giving Manager) (Charity Manager) (Operations Manager) until 31st March 2024 th {Operations Manager) until 8 April 2024 {Operations Manager) (Operation5 Manager) (Operations Manager) (Operation5 Mana8erl until 2. February 2024 (Financial Controller) (HR Manager) Alabaré Report of the Trustees For the ear ended 31 March 2024 Bankers The Royal Bank of Scotland plc. 14 Mlnster Street, Salisbury. Wlltshire, SPI ITP Solicitors Wilsons, Alexandra House, St John's Street, Sallsbury, SPI 2SB Auditors Fawcetts LLP, Windover House. St Ann Street, Salisbury, SPI 2DR The Trustees present their report together with the financial statements of the Charity for the year ended 31 March 2024 which should be read in conjunction with the reference and administrative details set out below. The flnanclal ststements have been prepared based on the accountin8 policies set out in note I to the financial statements. Alabaré is a charity registered with the Charity Commission and a company limlted by guarantee. Objectives and Artivltles Objects The Objects of Alabaré, as set out in its governing document, are.. The relief of poverty by the provision of special accommodation and ancillary services, such as day centresand counsellin& for those who by reason of social, emotional andlor physical disadvantsge limpairmentlare in need of sustained support to enable them to lead lives which permit choice and development of their potential and an assured place in society. The relief and preventlon of slckness, dlsease and physical and mental disability. The advancement of religion. Objects and Publlc Beneflt The Charitys Objects are set to reflect its community aims. The Trustees review its Objects and activitie5 from time to time to ensure that they continue to reflect its aims. The Trustees have been engaged in the creation ofa Flve-year Plan for the organisation. which was agreed at the Board of Trustees meeting In March 2023. The Trustees have considered the Charity Commission's General Guidance on public benefit and, in particular. its supplementary public guidance on "the preventlon or relief of povertyforthe public benefit" and "the advancement of religion for the public benefiv. The Trustees are satisfied that the public benefit requlrement Isbeing met. Our Vision in Alabaré is a society where everyone has the opportunity to live a fulfilllng life. Our Mission is to 5UPPOrt people to find purpose, hope and meaning in their lives by providing-. Good quality accommodatlon- a safe home untll they can flnd a permanent home Professional support and advice- offerin8 choice and explaining consequences Training in life skills Care. compassion and respect- listening to their needs and asplrations Support in overcoming the barriers they face in transforming their lives Alabaré Report of the Trustees For the vear ended 31 March 2024 Our Values The values that lie at the heart of our work are: Care for service users, who are often vulnerable and marginalised Compassion for those in difficulty or in distress Generosity in allowing people another chance Respect for all.. valuing each person, their experience, opinions and choices Our Principles The principles embodied in the professional nature of our work: Integrity- expressed in honesty and reliability. transparency. accountability and trustworthiness Inclusiveness welcoming people from all backgrounds. treating them fairly. recogni5ing and valuingtheir distinctiveness as individuals Empowerment - creating an environment which enables people to take control of their own lives. bylistening to them and offering choice wherever possible Equality in the delivery of seNices to our service users and employment of stsff. and ￿cOgniS1ng andvaluing the diversity of the communitie5 we Serve Collaboration in our enthusiasm for working in partnership with others Structure, Governance and Management Governlng Documents Alabaré is a charitsble company limited by guarantee and was Set up on 11 March 1991.The governing documents are the Memorandum and Articles of Association, which were amended on 28 March 2024. Trustee Board All Trustee appointments are approved formally by the Board of Trustees. Applications for trusteeship are encouraged from all sections of the community. In addition, theTrustees are keenthattheir membership reflectsthe geographical area thatthe Charlty serves. The Articles state that the Board shall consist of at least five and not more than fifteen Trustees and, so far as practical. shall comprise of eleven persons who are practicing Christians, including UP to four persons who have been nominated by the Alabaré Christian Community and up to four persons of any background who support the Christian ethos. A Trustee appointed can serve a term of three year5 UP to a maximum of nine years. They are not eligible for reappointment until a period of one year has elapsed, unless in exceptional circumstances. The Board of Trustees met seven times during the year 2023124. T he Board of Trustees agreed to delegate certain functions to three committees= il Quality Committee chaired by Alicia Proctor ill Finance and Resources Committee chaired by Teresa Barsby and the Fundraising, Marketing and Retsil Committee which first met in January 2024. chaired by Richard Winstanley. The membership of the committee5 consists of Trustees and volunteers with appropriate experience. The Chair5 of all three committees are Trustees. In 2023, the Board of Trustees started a recruitment drive with the aim of appointing new trustee5 during 2023 and duringtheyear 2023124four newtrustees were appointed. The Board of Trustees wishes tofurtherstrength the Board and new trustees will be recruited in 2024. The Board of Trustees reviewed Its governlng documents in 2023. At the May 2023 Board meetln& the Board approved the change of the charitws name to Alabare. On 28 March 2024, the Board of Trustees approved a new Articles of Association, which have been submitted to Companies House. The Board of Tru5tee5 has also embarked on an external Corporate Governance review with pro-bono support from The Worshlpful Company of Management Consultants. The results are expected later in 2024. Although the Board is the key decision-making body, many of rcs day-to4ay decislons are made by appropriate executive staff, led by the Chief Executive, within the framework of policies and procedures approved by the Board. Alabaré Report of the Trustees For the vear ended 31 March 2024 Process for induction and training of Trustees A process is in place for the indurtion of Trustees which has been agreed by the Trustees. Training for Trustees is an initial PowerPoint covering the history of the organisation. safeguarding. health and safety, professional boundaries and key policies which must be read. Further training is online and through two development afternoons each year. In addition, new Trustees visit several homes and service5 of the charity. Risk Management The Trustees have overall responsibility for ensuring that the Charity has appropriate systems of organisational control. They are responsible for ensuring that: The Charlty is operatlng efficiently and effectivelv Its assets are safeguarded against unauthorlsed use or disposition Proper records are maintained. and the financial information used within the Charity or for publication is reliable The Charity complies with relevant laws and regulations The system5 of internal control are designed to provide reasonable, but not absolLrte. assurance a8ainst misstatement or loss. They include: A strategic plan and annual budget approved by Trustees Regular consideration by the Trustees of financial results. variance from budgets. non-financialperformance indicators and benchmarking reviews Delegation of authority and segregation of duties Identification and management of ri5k5 The major risks to which the Charity is exposed are set out in the following table. They are reviewed by the Boardof Tru5tee5 regularly. 51 Page Alabaré Report of the Trustees For the ear ended 31 March 2024 OBJEcfivE RISK HOW WE MANAGETHE RISK Provide good quality homes and seNices to vulnerable people Poor quality care and / or beaches of Health and Safety legi55ation. Appropriately trained and remunerated staff. Internal audit pro8ramme including re8ular Health & Safety audits, monitored by Finance and Resources Committee. Trustee appointed to be lead responsibility for safeguarding and a Quality Assurance Audit programme that includes seryice userfeedback, monltored by Quallty Commlttee. Financially sustslnable charity Low occupancy. poor fundraising returns, not retaining local authority contracts, poor control of expenditure, impact of inflation and Govt review of Exempt Accommodation. A 5-year financlal forecast was Included in the 2023- 2028 Strategic Plan. This hi8hli8hted the need for increasing fundraising income. Regular review of occupancy. 2 year rolling fundraislng plan. management of sicknes5 absence, employee retention, delivering excellent 5ervice5. budget management Includlng regular revlew of agency costs, buslness cases approval for new opportunities, retendering of supplier contracts. Motivated staff team Dissatisfied staff leading to hlgher turnover and sickness Annual staff survey, ongoin8 SUPPOrt via Chaplaincy servlce, revlew of pay and rewards in October 2023 and March 2024, commitment to Living Wage and paid and volunteer staff training. Secure and reliable IT systems Potential breaches of Data Protection legislation. cyber attacks Re8ular review meetings with outsourced IT services provider which included protection against cyber- attack. Leadership Not achieving vision. not addressing issues, Ios5 of external confldence 4 New trustees were recruited in 2023 and further recruitment will take place in 2024. The proposed recruitment of a full-tlme Flnance Dlrertor in 2024. 61 Page Alabaré Report of the Trustees For the vear ended 31 March 2024 Flnanclal Rlsk Management Price Risk The Charity is exposed to price risk due to normal inflationary InC￿aSe$ in the purchase price of the goods andservices purchased in the UK. Credit Risk The amount of exposure to any individual counterparty is not currently subject to a limit that is reassessedannuallv. This 15 due to the type of cu5tomer5 and that most contracts are with public bodies. Liquidity Risk The Charity artively maintain5 a mixture of cash and long-term debt finance that is designed to ensure that thecharity has suFficient available funds for operations and planned expansions. Interest Rate Risk The Charity has both interest-bearing assets and interest-bearing liabilities which earn interest at both fixed andvariable rates- these are monitored closely to ensure that any risk is mitigated. The Charity has loans. which are a mix of fixed and variable interest rates. The Charity regularly reviews the loans with its lenders and in March 2019, £900k of a Lloyds Bank variable loan was transferred to a fixed interest rate loan and in June 2020 the Trustees approved a furthertran5fer of Lloyds Bank variable loan to fixed interest rate loan. Stotutory Funding Risk Some £9.6m of the Charitrfs income is from dirert or indirect statutory sources. During 2017118 contfdrts held wlthwiltshire Councll for supported housing for slngle homeless and vulnerable young people were put out to tender. Alabaré won the tenders and was awarded new contracts from April 2018. These contracts last a minimum of five years. Contracts are also with Wiltshire Council, Devon County Council, Hampshire County Council and NHS for the work with the homeless, young people, people with mental health problems and people with learnin8 disabilities. A further retendering exercise was completed in late 2023 and new contracts have been awarded by Wiltshire Council to Alabaré for supported housing for the homeless and young people and supported Ilving for people wlth learnlng dlsabilities. These contatts are up to S years from April 2024. We confimithatthe major riskstowhichthe Charity Is exposed, as Identified bytheTrustees, have been reviewedand systems or procedures are established to manage those risks. Achievements and Performance Another very successful year for Alabaré. A year where we continued to deliver vital support to 2,894 vulnerable and homeless people and. through the securing of new funding contracts. creating the foundation5 of continuing the work for the next few years. The year saw the continued development of our mental health services in Wiltshire. Since the year 2020, with financial support from the NHS. the telephone advice and drop-in service has grown into Alabaré Riverside Sanctuary. a confidential se￿iCe aimed at anyone in Wiltshire seeking mental health support or strugglingto manage their mentsl wellbeing. Working in partnership with other providers in the county, our mental wellbeing support has continued to develop with the Access Community Mental Health. offering extended telephone support. personalised recovery and wellbeing plans and counsellin& and focusing on walking alongside people on their journey of ￿COVery and well-being. These vital services 5UPPOrted over 1.944 people in Wiltshire. Our Boots on the Ground team were busy sUPPOrtin8veterans to en8a8e in community projects. The programme include5 a wide range of project5 to encourage veterans to be active - from beautifying an old station in North Wale5 by gardening and planting flowers, working on the garden of the former Prime Minister at Arundells Salisbury. to helping restore a Virtorian Artillery Battery in Gibraltsr. The first cohort of self-builders completed their year of assisting in the construction of homes in Ludgershall and moved Into their own homes. The Plymouth self-bulld scheme is close to completion and several of the self-builders have moved into their new home. Further schemes are planned in Plymouth and South Wales. 71 Page Alabaré Report of the Trustees For the ear ended 31 March 2024 The winning and the renewal of funding contracts was an important part of last yearfs work to provide future financial sustainability. Our residential work received a major boost with the recommissionin8 of the supported living services for people with learning disabilities, residential services for the homeless and young people. The new contract5 Wlth Wiltshire Council provide stability for the next 5 years. Equally the Op Fortitude Inltiative has provided much needed funds to ensure we can provide accommodation and support for veterans who are homeless or at risk of homelessness. A restrutturing across the Homes for Veterans also occurred creating a more integrated pathway of care and support for ex-Armed Service Personnel incorporating the Charity's Boots on the Ground and Self-Build initiatives. The 5ucce5sful recommissioning of these contratt5 and funding provide5 a strong foundation for 2024 onwards. 2023124 was a successful year for fundraisin& with the target of £1.6m achieved. Grant5 were received from Armed Forces Covenant Trust Fund, the Army Benevolent Fund. RN&RMC. Veterans Foundation as well as several Community Foundations. Charitable Foundations and Local Council grants along with many others. Big Sleep events at Old Royal Naval College Greenwich and Salisbury Cathedral were very successful with further Big Sleep events planned for the forthcoming year. Supporter5 from across our region and beyond took part in fundraising and awareness raising for us and responded generously to ourappeals. an increased number of corporates supported the Charity through attending events, sponsorship and direct donations partnering with us in the work. The Charity 15 very grateful for the support 8iven by Trusts. our Corporate Partners, individuals, churches and all parts of the community. Chariws strategies for achieving its aims and objectlves A Five-year Plan was agreed by the Board of Trustee5 on 30, March 2023. The Plan has the following Strategic themes: Valuing our People- by recruitin& retaining, developing and rewarding the best people for full-time. part-time and volunteer roles to take Alabaré forward, C￿atIng an environment of collaborative decision makin& and a fully inclusive workplace. Dellverlng Excellent Senil¢es- by provlding a per50n-centered approach service users, homes meet organisational standards for furniture and fitting5 and a bi-yearly quality and audit pro8ramme. Living our Values by reflectlng and celebrating our ethos and values and our Christian mission and identity, embracing all those who need our support with open amis to meet our aspiration that no-one should be turned away, strengthening our relationship with churches and faith groups, and increasing internal collaboration across all Alabaré services. Creating a Financial Sustainable Charity - by having a high performing Board, buildin8 reserves, reducin8 the reliance on leased properties, actively open to mer8ers and acquisttions, improving profrtability of our retsil operations and improving fundraising return5. Promoting our Charity- supporting service users to have voice in public forums, to be an expert voice advocating for the need5 of our se￿iCe users and ensuring the public understand the impatt of the charity. Meeting our Environmental Responsibillties - through the charitys Greening initiative develop and implement a strategy that ensures the charity is a good steward of the environment and meet our legal responsibilities. Meeting the challenges in the plan will require pa55ion. commitment and relentless focus. We will also want to work with partners who share our vision and values to enable real change in our world, 50 that we can deliver andgrow our services to meetthe needs ofthose we support acrossthe breadth of our communities. Financial and Reserves Review In accordance with the approved 5-Year Plan coverlng 2023-2028, the Charity plans to build and maintain the level of free reserves to be at least three months of operating expenditure. Progress is revlewed on a regular basis by Trustees at the Flnance & Resources Committee, and at Board meetings. Alabaré Report of the Trustees For the ear ended 31 March 2024 As at 31 March 2024, the Charlty's total resetves (restricted and unrestricted} had increased from £3,336k to £3.658k. Of the total reserves figure at 31 March 2024, £3,224k {£2,867kl related to unrestricted reserves and £434k1£469kl to restrlcted reserves. Of the unrestricted reserves figure at 31 March 2024, £2,241k1£2,318kl is represented by fixed assets. The level of free reserves at 31 March 2024 is £983k1£549kl. These reserves were impacted by the sale of a property that generated £237k surplus, see note 7. The restricted reserves of £434k is detalled by actlvity In note 23. These reseNes are the result of funders makinggrants in advance of 2023124. They are likely to be fully expended in 2024125 with the exception of the Sallsbury Parent and Baby fund which consists of £252k1£280kl received from the Community of St Denys for the running costs of the home for the next 9 years and an initial 3 year grant1£60kl from the Burnbake Trust which at 31.3.24 has £40k and two years left. Complaints We have received no complaints about fundraising activltles. All other complaints were dealt with through thecharitws complaints process. Trustees, Responsibilities Company law require5 the Trustees (who are also the Director of Alabaré for the purpose of company lawl to prepare financial statements for each financlal year that glve a true and fair view of the State of affairs of the Charity at the end of the year. and of the incoming and outgoing resources for the year then ended. In preparing those financial 5tatementS the Trustees are required to select suitable accounting policies and then apply them consistently, makin8 judgements and estimates that are reasonable and prudent. The Trustee5 also must prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue its activities. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees also are responsible for safeguardlng the assets of the charity and hence for tsking reasonable steps for the prevention and detertion of fraud and other irregularitie5. Statement of Dlsclosures to Auditor Each Trustee of the Charity ha5 confirmed in fulfilling his/her duties as a Trustee: al So far as each Trustee is aware, there is no relevant audit information of which the Charitvs auditors are unaware; bl Each Trustee has taken all the steps that helshe ought to have taken as a Trustee in orderto make himselflherself aware of any relevant audit information and to establish that the Charitls auditors are aware of that informatlon Audltors A resolution to re-appoint Fawcetts LLP as auditors for the ensuing year will be proposed. The financial statements were approved and authorised for Issue by the Board of Trustees on .&.i.l.L.IiTr and were signed its behalf b Malcol -Troard of Trustees assells- Chair of Report of the Independent Audltors To the Members of Alabaré Opinion We have audited the financial statements of Alabaré {the 'charitable companll for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the Statement of Cash Flows and notes to the financial statements, including a summary of 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 statement5= give a true and fair view of the state of the charitable company'5 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 Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those 5tandard5 are further described in the auditors 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 ststements in the UK, including the FRCS 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 auditin8 the financial statements, we have concluded that the trusteeg use of the going concern basis of accounting in the preparatlon of the flnancial statements is approprlate. 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 Sl8nificant doubt on the charitable company's ability to continue as a golng concern for a perlod of at least twelve months from when the flnanclal statements are authorised for issue. Our responsibilities and the responslbllltles of the trustees with respett to going concern are described in the relevant sertions of this report. Other Infomiation The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditorfs 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 appear5 to be materially mi55tated. If we identrfy such material inconsistencie5 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 fott. We have nothing to report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the trustees, report lincorporatin8 the directors, report) for the financial year for which the financial ststements are prepared is consistent with the flnancial statements,. and the Report of the Dirertors included within the Report of the Trustees has been prepared In accordance with applicable legal requirernent5. io Report of the Independent Audltors {contlnuedl Tothe Members of Alabaré Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charitable company and its envlronment obtained in the course of the audit. we have not identlfled material misstatements in the directors, report included within the trustees, report. We have nothing to report.in respect of the following matters In relatlon to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accountlng records have not been kept, or returns adequate for our audit have not been recelved 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 requlre for our audit. Responsibilities of Trustees As explained more fully in the Statement of Trustees, Responsibllities set on page 9, the Tru5tee5 (who are also dlrertors of the charitable company for the purposes of company law and trustees of the charity for the purposes of charity lawl are responsible for the preparation of the financial statement5 and for being satisfled that they give a true and fair view, and for such intemal 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 staternent5, the trustee5 are responsible for assessing the charltable company's ability to contlnue as a golng concern, disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees elther Intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do 50. Auditorfs responslbllltles for the audlt of the financlal statements Our objettives are to obtain reasonable assurance about whether the flnancial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditorfs report that Includes our opinion. Reasonable assurance Is a hlgh level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI will alway5 detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material rf, 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. Identlfylng and assessing potential risks related to irregularities Irregularities, including fraud, are instar)ces of non-compliance with law5 and regulations. We design procedures in line wlth our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, Including fraud is detailed below: the nature of the industry and sector. control environment and flnancial performance; results of our enquiries of management about their own identification and assessment of the rlsks of irregularities; any matters we identified having obtained and reviewed the charlty's documentation of their policies and procedures relating to.. identlfylng, evaluatlng and complylng wlth laws and re8ulations and whether they were aware of any instances of non-compliance; detettin8 and respondin8 to the risks of fraud and whether they hove knowledge of any actual, susperted or alleged fraud,. the internal controls established to mitigate rlsks of fraud or non-compliance with laws and regulations • the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. li Report of the Independent Audltors (contlnued) To the Members of Alabaré As a result of these procedure5, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area.. revenue and surplus recognition. In common with all audlts under ISAS IUKI, we are also required to perfomi specific procedures to respond to the risk of management override. We have also obtained an understandin8 of the le8al and regulatory frameworks that the charity operates in. focusing on provisions of those saws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial 5tatement5. A further description of our re5pon5ibilities for the audit of the financial ststements 15 located on the Financial Reporting Council's web51te at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Audit response to risks identified As a result of performing the above, we identified revenue and surplus recognition a key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following.. reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a dirert effect on the financial statements: enquiring of management concerning attual and potential litigation and claims,. reading minutes of meetings of those charged with governance and reviewing any correspondence with the Regulator of Social Housing and in addressing the risk of fraud throu8h management override of controls. testlng the appropriateness of journal entries and other adjustments,. assessing whether the judgements made in making accounting estimates are indicative of a potential blas,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of busine55. We also communicated relevant identlfied laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and re8ulations throu8hout the audlt. Because of the inherent limitatlons of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstaternent in the financial statements or non-compliance with regulation. Thls rlsk Increases the more that compliance with a law or regulation is removed from the events and transactions refletted in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regardlng irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. We communicate with those charged with governance regardin& among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report Is made 501ely to the charitable companV5 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 companWs members those matters we are required to state to them in an auditorfs 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 charitsble company and the charitable company'5 member5 as a body, for our audit work, for this report, or for the opinions we have for Nichola ones FCCA (Senior Statutory Auditor) forand n behalf of Fawcett5 LLP, Chartered Accountants & Statutory Auditors Wlndov r House, St Ann Street, Salisbury, SPI 2DR Date:..IS.. 12 Alabaré Statement of Flnanclal Actlvlties {including the Income and Expendlture account) For the year ended 31 March 2024 2024 Total 2023 Total Unrestrlrted Restrlrted Note INCOMEANO ENDOWMENTS FROM: Donations and legacies 540,349 1.063,567 1,603,916 1,162.237 Charitsble activitie5 9.577,541 9,577,541 9.410,459 Other trading activitie5 456.990 456,990 612.563 Investment Income Other income 18,890 237,391 18.890 237,391 8.542 Totsl Inwme 10.831,161 1,063,567 11,894,728 11,193.801 EXPENDITURE ON: Raising funds, marketing and trading activities 1,030,409 1,030,409 932.021 Charitable attivities 9.444.196 1.098,388 10,542,584 10,532,349 Total expenditure 10,474.605 1.098,388 11,572,993 11,464,370 NET INCOMEIIEXPENDITUREI 356.556 (34,8211 321,735 (270,5691 Transfers between funds NEf MOVEMENT IN FUNDS 356.556 134,8211 321,735 (270.$69) RECONCILIATION OF FUNDS: Total funds brought forward 2.867.173 469,177 3,336,350 3,606,919 TOTAL FUNDS CARRIED FORWARD 3,223,729 434,356 3,658,085 3336,350 The above result5 are derived frorn continuing activities. There were no other recognised gains or losses other than those stated above. The notes form part of these financial statements 13 Alabaré Balance Sheet As at 31 March 2024 2024 2023 Note Flxed assets Intangible fixed assets Tangible fixed a55et5 Investments 15 16 17 18,831 4,810,509 9,000 5,179,119 9.000 4,838,340 5,188,119 Current asset5 Debtors Cash at bank and in hand 18 831,702 1,451,659 664.996 1.084,600 Total current assets 2,283,361 1,749,596 Liabilities Creditors: Amounts due within one year 19 {1,152,4991 11,014.0431 Net current assets 1.130,862 735.553 Total assets less Current liabillties 5,969,202 5,923,672 Creditors: Amounts due after morethan one year 20 12,311,117) 12.587,3221 NET ASSETS 3,658,085 3,336,350 Funds un￿$tri￿ed funds 23 3,223,729 2.867,173 Restricted income funds 23 434,356 469.177 TOTAL CHARITY FUNDS 3,658,085 3,336,350 The financial 5tatement5 were approved and authorised for issue by the Board of Trustees on were signed on its behalf by.. and Malcolm Casse115 (Chairman) Company registration number: 02604011 The note5 fomi part of these financial statements 14 Alabaré ststement of Cash Flow For the year ended 31 March 2024 2024 2023 Notes CASH FLOWS FROM OPERATING AcfiviTIES: Net cash provided byllused in) operating activities 268,227 23,568 Cash flow5 from investing activities: Purchase of property and other fixed assets Proceeds from disposal of fixed assets 155,0121 425,631 138.734} Net cash pmvided by/lused inl investing activitie5 370.619 138,7341 Cash flows from financing activities.. Repayments of borrowing Cash inflows from new borrowing 1271,7871 {267,3381 Net cash provided byllused inl financing activitie5 1271,7871 1267,338) CHANGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR 367,059 1282,5041 Cash and cash equivalents brought forward 1,084,600 1.367.104 CASH AND CASH EQUIVALENTS CARRIED FORWARD AT 31 MARCH 1,451,659 1,084,600 a) Reconclllatlon of net Incomellexpenditure) to net Cash flow from operatlng actlvltles 2024 2023 Net incomellexpendlturel for the year as per the Statement of Financial Attivf(ie5 321,735 1270,5691 Adjusted for: Depreciation and amortisation ISurplusl/deficit on disposal of fixed assets Ilncrea5elldecrea5e in debtors Increaselldecreasel in creditors 216,551 1237,391) 1166,7061 134,038 253,655 234.968 1194.4861 Net Cash Iu5ed in)Iprovided by operating artivities 268,227 23.568 b) Analysi5 of cash and cash equivalents 2024 2023 Cash at bank and in hand 1,451.659 1,084,600 15 Alabaré Notes to the Flnanclal Statements For the year ended 31 March 2024 l. Accountlng pollcles al Basis of preparatlon of the accounts Alabaré is an Incorporated charity in England. The tharity Constitutes a public beneflt entlty as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5- Ststement 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 IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Prattice. The financial statement5 are prepared on a going concern basis under the historical cost canvention, modified to include certain items at fair value. 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 year5 presented unless otherwise stated. bl Fund ading ortivltles Fund raising and marketing team 473,890 Charity shops 169,931 136,469 139,053 73.737 37,329 684,096 346.313 532,391 399,630 643.821 275,522 111,066 1,030,409 932.021 Charitable artivitie5 Veterans housing Homeless Young people Mental health Learning disabilities Tralnln& development and enterprise 724.113 1.181.270 1.094,337 815,108 1.369.017 665,294 763.414 1,165,612 796,475 295,627 253,630 282,336 179,707 283,524 228.426 134,186 196,027 114,481 1.667,234 2,630,406 2.119,238 1.244,921 1,818,674 1,062.111 1,600.242 2,482.700 2,233,961 1.268,671 1.818.457 1,128.318 5,849.139 3.557.094 1,136,351 10,542,584 10,532.349 6,492,960 3,832,616 1,247,417 11,572,993 11.464,370 TOTAL 2023 6.629.013 3.437.726 1.397.631 11,464,370 9. Support costs Total 2024 Total 2023 Staff costs Property costs IT costs HR and administration c05t5 Finance charges 710,276 25,085 148,249 215,846 147,961 676,450 59,812 158,817 380,728 121,824 1,247,417 1,397,631 10. Net income/{expenditurel Total 2024 Total 2023 This is stated after charging.. Depreciation and amortisation Surplus on disposal of fixed assets Auditors, remuneration.. audit non-audit Operating lease rental5'. property rental 212.437 237,391 253.655 9,984 2,376 9.120 2,664 1,261,489 1,248,759 20 Alabaré Notes to the Financial Statements For the year ended 31 March 2024 11. Staff costs and numbers 2024 2023 Salaries and wage5 Sessional staff (including agency) Employer'5 national insurance and contributions Employer'5 pension contributions 6,116,372 410,483 495,871 180,510 6,089,752 500,172 535.330 180.209 7,203,236 7.305.463 The averdge number of people employed. including part-time staff: 2024 2023 No. 270 283 One employee earned between £70,001 and £80,000 per annum during the current and previous year, and employer pension contributions of £4.682 were made in respect of the above individual's employment. The value of servlces provlded by volunteers Is not Incorporated Into these financial statements but makes significant impact on the work the charity is able to deliver. In the year to 31st March 2024 a total of 24,198 hours was volunteered in this way12023'. 21,012 hours). The key management personnel of the charity are listed on pa8e l. The total amount of employee benefits {includlng employer penslon contrlbutlonsl recelved by key management personnel for their semces was £779,96112023.' £729,978). 12. Trustees expenses and remuneration Trustees are not remunerèted. Travel expenses of £342 were reimbursed to I trustee during the year12023'. £Nill. 13. Penslon The charitable company operate5 a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable by the charity amounted to £180,51012023: £180,209). Included within the pension contributions are amounts paid after the year end of £29,20012023: £32,372). Taxation The chartty 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 I Schedule 6 Finance Act 2010 and therefore it meet5 the definition of charitable company for UK corporation tax purposes 21 Alabaré Notes to the Financlal Statements For the year ended 31 March 2024 Is. Intangible flxed assets Webslte Development Cost At l April 2023 Additions Disposals At 31 March 2024 22.945 22,945 Amorti5ation At l April 2023 Charge for the year Eliminated on disp05als At 31 March 2024 4.114 4.114 At 31 March 2024 18,831 16. Tan8lble flxed assets Freehold property Short leasehold property Motor vehlcles Equipment Total Cost At l April 2023 Additions Disposals At 31 March 2024 5,806,786 14,737 1260,0001 5,561.523 416,969 9,905 330,816 2,025 83,713 5,400 6.638,284 32,067 1260.OCN)I 6,410,351 426,874 332.841 89,113 Depreclatlon At l April 2023 Charge for the year Eliminated on disposals At 31 March 2024 945,501 112,191 171.760} 985,932 192.882 41.056 265,295 40,255 55,487 18,935 1,459,165 212,437 171,7601 1,599,842 233,938 305,550 74,422 At 31 March 2024 4,575,591 192,936 27,291 14,691 4,810,509 At 31 March 2023 4,861,285 224.087 65,521 28,226 5.179,119 17. Investments 2024 2023 Unlisted UK equity investments 9,000 9,000 18. Debtors 2024 2023 Trade debtors Deposits Accrued income Prepayments Other debtors 507.543 23,371 46,901 64,871 189,016 322,613 28.371 191,904 55.083 67,025 831.702 664,996 22 Alabaré Notes to the Financial Statements For the year ended 31 March 2024 19. Creditors: amounts due wlthln one year 2024 2023 Trade creditors Tax and National Insurance Deferred income Inote 211 Other creditors Bank loan Accruals 222,197 121,813 44,938 342,215 277.721 143,615 163,846 138,730 20,910 248.578 273,303 168.676 1,152,499 1,014,043 20. Creditors: amounts due after more than one year 2024 2023 Bank loans 2,311,117 2,587.322 Repayable by instalments: 2024 2023 Le55 than l year Between 2 and 5 years In 5 years or more 277,721 933,909 1,377,208 273,303 1.014.520 1.572,802 2,588,838 2,860,625 Loan terms and security.. All the loans are based on variable rate terms and are secured agalnst the properties of the charity. Triodos Bank.. total loan of £557,716- 25 year tenn at 2.5% above base, maturing in March 2043. RBS- total loan of £842,136 6 year term, 15 year term and 25 year term at 2.5% above base. maturing in Ocrober 2026. December 2028 and January 2040. July 2040 and October 2040. Lloyds: total loan of £1,460.773 - 15 year term at 2.4% above base, maturing in January 2030 and 2031 and 12 year term at 3.89% fixed/2.15% above base, maturing in September 2031 and July 2033. 21. Deferred Income 2024 2023 Total deferred incorne at l April Additions during the year Released to income 20,910 2,494,038 12,470,010) 351.122 2.183.706 {2.513,9181 Totsl deferred income at 31 March 44,938 20,910 Deferred income represents contract and grant income relating to the proportion of fundlng for 2024125 services. 23 Alabaré Notes to the Financial Statements For theyear ended 31 March 2024 22. Operatlng lease commltments As at 31 March the charity had total future minimum lease payments under non-cancellable 2024 2023 Less than l year Between 2 and 5 years In5year50rmore 23.100 1,059,908 178.481 72.178 1,008,502 168,079 1,261,489 1.248,759 23. Statement of fund5 Balante at Incoming resources Outgoing resources Transfers tollfrom) Balance at 31 Mar24 IApr23 Restrlrted funds: Veterans housing Homeless Young People.. Salisbury Mother & Babv Otheryoung People Learnin8 disabi5itie5 and mental health.. Riverside Santtuary Learning disabillties Tralning, development and Central Se￿iceS 36,360 6.114 566,293 29.280 1547,9021 (30,6191 54.751 4,775 280.000 20,000 128,0001 138.6951 252,000 22,860 41,555 500 500 15,0(J) 84,200 270 15.000 111,703 425,639 300 1453,1421 1301 469,177 1,063,567 11,098,388) 434,356 Unrestricted funds: General fixed assets General- other funds 2,318,494 548,679 1216,5511 138,559 110,258.0541 1138,5591 2,240,502 983.227 10.831.161 2.867,173 10,831,161 110,474,605) 3,223,729 3,336,350 11.894.728 {11,572,9931 3,658,085 Restrirted funds: these represent grants and donations received for specific purposes within each charitable attivity. The transfer represents the release of restricted funds used to purchase fixed assets as in line with the General flxed assets.. this represents the net book value of fixed assets less bank loans secured against the properties. 24 Alabaré Notes to the Financial Statements For the year ended 31 March 2024 23. Ststement of funds Icontinuedl Comparative statement of f unds for the year ended 31 March 2023: Balance at IApr22 Incoming resources Outgoing resources Transfers to/{froml Balance at 31 Mar23 Restrirted funds: Veterdns housing Homeless Young People: Salisbury Mother & Babv Other Young People 227,365 31,033 1191,0051 131,0351 36.360 6,114 6,116 28.000 29,689 280.000 24.053 128,0001 133,7421 280.000 20,1XJO Learning disabilities and mental health.. Riverside Sanctuary Learning disabilities Training and development Central services 41,690 10,064 91,716 8.167 141,6901 110,0641 1216,2091 111,1671 15,000 236.196 3,000 15.000 111,703 215.442 816,647 1562,9121 469,177 Unrestrlrted funds: General - fixed assets General - other fund5 2,248,839 1,142,638 1253,6551 110,647,803) 323,310 1323,3101 2,318,494 548,679 10,377,154 3,391,4TJ 10,377,154 110,901,458) 2,867,173 3,606,919 11.193,801 111,464,370) 3,336,350 25 Alabaré Notes to the Financial Statements For the year ended 31 March 2024 24. Analysis of net assets between funds Net current assets Creditors > I Fixed assets vear Total Restricted funds Unrestricted funds.. General- fixed assets General - other fund5 434,356 434,356 4.829.340 9,000 {277,7211 974,227 12.311,117} 2.240,502 983,227 Net assets at the end of the year 4.838,340 1,130,862 12,311,117) 3,658.085 Comparative analysis of net assets between funds for the year ended 31 March 2023.. Net current assets Credltor5 > 1 Fixed assets year Total Restricted funds Unrestrlrted funds.. General - fixed assets General - other funds 469,177 469,177 5,179.119 9,000 1273,3031 539.679 12,587,322) 2.318,494 548,679 Net assets as at 31 March 2023 5.188.119 735,553 12,587,322) 3,336,350 25. Related party transactlons There are no related party transactlons12023- none). 26. Status The charity is limited by guarantee and has no share capital. 26