Alabaré (A company Limited by Guarantee) Report of the Trustees and Financial Statements For the year ended 31 March 2025 Company number: 2604011 Charity number: 1006504
Alabaré Index to the Flnanclal Ststements For the year ended 31 March 2025 PaBe Report of the Trustees itoii Report of the Independent Auditors 12to14 Statement of Finanoal Acti¥itles 15 Balance Sheet Statement of Cash Flow 17 Notes to the Flnandal Statements 18to28
Alabaré Report of the Trustees For the vear ended 31 March 2025 Reference 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 Association dated 24 March 2024. Patrons General the Lord Dannatt GCB, CBE, MC, DL Brigadier simon Firth CBE Reverend Joanna Jepson The Right Reverend Stephen Lake, Bishop of Salisbury The Right Reverand John Lomas, Bishop of Swansea and Brecon th Bishop Bosco MacDonald, Bishop of Clifton Appointed 27 March 2025 Honorary Presldent John Proctor OBE Board of Trustees Malcolm Cassells Teresa Barsby Paddy Bradley Allie Bennington Louse Burns Martin Clark Lucy Hendry Mickey Morrissey Alicia Proctor Mark Proctor Philip Sutton Phillip Reynolds Vernon White Billy Wilde Richard Winstanley Chair Resigned 7 February 2025 Appointed 19 August 2024 Appointed 24 January 2025, resigned 10 March 2025 Resigned 27 March 2025 Appointed 13 October 2024 th th Appointed 28 November 2024 Committee's Strurture Finance & Resources Committee Quality Committee Fundraisingi Marketing and Retall Committee Nominations and Governance Committee
Alabaré Report of the Trustees For the vear ended ai March 2025 Key Management Andrew Lord Vanessa Bedford Emma Hart Kirsty Sculllon JamesTomlinson Gill Turner-callis Chief Executive Care and Support Director Finance Dlrector from l October 2024 Fundraising Director from I, January 2025 Director of Marketing and Strategic Communlcations from l April 2025 Senior Chaplain Bankers The Royal Bank of Scotland plc, 14 Minster Street, Salisbury, SPI ITP Solicitors Wilsons, Alexandra House, St John's Street, Salisbury, SPI 25B Auditors Fawcetts LLP, Windover House, St Ann Street, Salisbury, SPI 2DR
Alabaré Report of the Trustees Ftir th.È vear ended 31 March 2025 The Trustees present their report together with the financial statements of the Charty for the year ended 31 March 2025 which should be read in conjunction with the reference and administrative details set out below. The financial statements have been prepared based on the accounting policies set out in note I to the financial statements. Alabare is a charity registered with the Charity Commission and a company limited by guarantee. Introduction by Malcolm Cassells, Chair of the Board of Trustees The year to 31st March 2025 was one of considerable progress against a background of financial challenges for the charity sector. The year has had many successes including: gaining more mental health work, implementing new Wiltshire contracts for the homeless, and higher occupancy levels, meaning we are supporting more vulnerable people. The Executive Team has been strengthened, including the appointment of a new Finance Director, and several departments restructured. The Fundraising Team exceeded their targets, which together with strong budgetary control, enabled us to almost break even. Over the past two years the governance of the charity has been much enhanced with a good number of new Trustee appointments which have added key skills and experience to the Board. In the last 2 years two new Board Committees have been formed covering: fundraising, marketing and retail; and nomlnations and governance. Furthermore, the Trustee recruitment process has improved. We now have a strong Board but are looking for more diversity and inclusivity. During 2025 the Board will seek to appoint a new Chair as I step down from the Board after nearly 17 years as a Trustee. We have also appointed a new Patron during the past year as we seek to raise the profile of Alabare and gain a stronger voice in national discussions about those in need. I wish to thank our staff including our hard-working Chief Executive, volunteers including Patrons, Trustees and Ambassadors, and supporters, for their work and commitment over the year. I see and hear so many amazing stories from clients regarding the work we do and this would not be possible without the efforts of all those involved with Alabare. The future is an exciting one for Alabaré as we grow our services, have a greater impact. and improve our financial situation. We are very reliant upon funding from individuals, charities, partners, commissioners, and grant making organisations to maintain and develop our work and with your help, together. we can make a real difference. Objertives and Activities Objects The Objects of Alabaré, as set out in its governing document, are: The relief of poverty bythe provision of special accommodation and anclllary5ervices, such as daycentres and counselling, forthose who by reason of social, emotional andlor physical disadvantage {impairmentl are 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 prevention of sickness, disease and physical and mental disabllity. The advancement of religion.
Alabaré Report of the Trustees For the ear ended 31 March 2025 Objects and Publlc Benefit The Charity's Objects are set to reflect its community aims. The Trustees review its Objects and activities from time to time to ensure that they continue to reflect its aims. The Trustees have been engaged in the creation of a Five-year Plan for the organisation, which was agreed at the Board of Trustees meeting in March 2025. The Trustees have considered the Charity Commission's General Guidance on public benefit and, in particular, its supplementary public guidance on "the prevention or relief of poverty for the publlc beneflt" and "the advancement of religion for the public benefit". The Trustees are satisfied that the public benefit requirement is being met. Our Vision in Alabaré is a society where everyone has the opportunity to live a fulfilling life. Our Mission isto SUPPOrt people to find purpose, hope and meaning in their lives by providing: Good quality accommodation- a safe home until they can find a permanent home Professional support and advice- offering choice and explaining consequences Training in life skills Support in overcoming the barriers they face in transforming their lives Our Values The values that lie at the heart of our work are: Compassion: we aim to treat all others the way we would like to be treated ourselves. Quality Care: looks like [preferred outcomes from client engagement] and employers committed totheir staff. Respect: We will demonstrate and expect a certain standard of behaviour between colleagues and Servi users/clients, and to our homes, communities and our environment. Honesty: We will acknowledge and improve in our weaknesses, and celebrate our successes through clear marketing, good reflective practice and excellent support work. Our Principles The principles embodied in the professional nature of our work: Integrity- expressed in honesty and reliability, transparency, accountability and trustworthiness Inclusiveness welcoming peop5e from all backgrounds, treating them fairly, recognising and valuing their distinctiveness as Individuals Empowerment - creating an environment which enables people to take control of their own Sives, by listening to them and offering choice wherever possible Equality in the delivery of servlces to our service users and employment of staff, and recognising and valuing the diversity of the communitles we serve Collaboration in our enthusiasm for working in partnership with others Structure, Governance and Management Governlng Documents Alabaré is a charitable company limited by guarantee and was set up on 11 March 1991.The governing documents are the Memorandum and Articles of Association, which were last amended in March 2024. Trustee Board All Trustee appointments are approved formally by the Board of Trustees. Applications for trusteeshlp are encouraged from all settions ofthe community.
Alabaré Report of the Trustees For the vear ended 31 March 2025 The Articles state that the Board shall comprise of at least five and not more than fifteen Trustees and, so far as practical, shall comprise of eleven persons who are practicing Christlans including up to 4 people nomlnated 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 years up to a maximum of nine years. They are not eligible for reappointment until a period of one year has elapsed save in exceptional circumstances. The Board of Trustees met seven times duringthe year 2024125. At 31st March 2025, the Board of Trustees agreed to delegate certain functions to four committees: i) Quality Committee chaired by Alicia Proctor ii) Finance and Resources Committee chaired by Mickey Morrisey iii) Fundraisin& Marketing and Retail Committee chaired by Richard Winstanley w) Nominations and Governance Committee chaired by Paddy Bradley. The membership of the committees consists of Trustees and volunteers with appropriate experience. The Chairs of all four ommittees are Trustees. In 2023. the Board of Trustees started a recruitment drive with the aim of appointing new trustees during 2023 and 2024. In 2024125 four new trustees were appointed and three trustees resigned. In 2025 the Board of Trustees will be recruiting a new Chair of Trustees, With Malcolm Cassells resigning in December 2025 having completed 6 years as Chair of Trustees. The Board of Trustees revlewed its governing documents in 2023. At the May 2023 Board meetingi the Board approved the change of the chariws name to Alabaré. In March 2024, the Board of Trustees approved a new Articles of Assoclation. The Board of Trustees embarked on an external Corporate Governance review with pro- bono support from The Worshipful Company of Management Consultants, which resulted in the development of a new 5-year plan and recruitment ofjukes Mcwilliams which led to significant restructure of thefundraising and marketing department. Although the Board is the key decision-making body, many of its day-to-day decisions are made by appropriate executive staff, led by the Chief Executive, within the framework of policies and procedures approved by the Board. Process for indurtion and training of Trustees A process is in place for the induction of Trustees whlch has been agreed by the Trustees. Training for Trustees is an initial PowerPoint presentation 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 services of the charity. Risk Management The Trustees have overall responsibility for ensuring that the Charity has appropriate systems of organisational ontrol. They are responsible for ensuring that: The Charity is operating efficiently and effectively Its assets are safeguarded agalnst unauthorised use or disposition Proper cordS are maintained, and thefinancial information used within the Charity or for publication is reliable The Charity complles wlth relevant laws and regulations The 5yStems of internal control are deslgned to provide reasonable, but not absolute, assurance against misstatement or loss. They include: A strategic plan and annual budget approved by Trustees
Alabaré Report of the Trustees For the ear ended 31 March 2025 Regular consideration by the Trustees of financial results, varlance from budgets, non-flnancial performance indicators and benchmarking reviews Delegation of authority and segregation of duties Identiftcation and management of risks The major ri5ksto which the Charity Is exposed are set out in the followingtable. They are revlewed bythe Board of Trustees regularly.
Alabaré Report of the Trustees For the vear end 31 March 202S OBJECTIVE RISK HOW WE MANAGE THE RISK Provide good quality homes and services to vulnerable people Poor quality care and / or beaches of Health and Safety legislation. Appropriately trained and remunerated staff. Internal audit programme including regular 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 seNi user feedback, monitored by Quality Committee. Financially sustainable harity 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-yearfinancial forecast was included in the 2025- 2030 Strategic Plan. Thi5 highlighted the need for increased fundraising income. During the year there has been a regular review of occupancyi a new fundraising strategy, management of slckness absence, employee retention, focus on delivering excellent services, budget management Including regular review of agency costs, business cases approval for new opportunities, retendering of suppller contracts. Sutcess in Statutory funding contacts with Local Government and NHS provides certainty on a substantial part of Alabaré's funding for next 3- 5 years. Motivated staff team Dissatisfied staff leading to higher turnover and sickness Annual staff suNey, ongoing support via Chaplaincy service. review of pay and rewards in October 2024 and continued commitment to Living Wage and paid and volunteer staff training. Secure and reliable IT system5 Potential breaches of Data Protection legislation, cyber attacks Regular review meetings with an outsourced IT services provider which included protection against cyber-attack. During 2024 investment for a new Client Management System that went live in March 2025. Leadership Not achieving vislon, not addressing issues, loss of external confidence Recruitment of new Trustees being undertaken in 2024. A strengthening of the leadership and a new ull-time Finance Director started in October 2024, Fundraising Director in January 2025 and Director of Marketing and Strategic ommunications in A ril 2025.
Alabaré Report of the Trustees For the vear Ènded 31 March 2025 Financlal Risk Management Price Risk The Charity is exposed to price risk due to normal inflationary increases 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 re-assessed annually. This is due to the type of customers and that most contracts are with public bodies. Liquidity Risk The Charity actively maintains 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-bearlng 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 lender5 and is currently exploring the feasibility of purchasing additional property through loan finance. Stotutory Funding Risk Some £10.2m of the Charity's Income is from direct or indlrect statutory sources. Durlng 2023124 contracts held wlth Wiltshire Council for supported housing for single homeless and vulnerable young people were put outtotender. Alabaré won the tenders and was awarded new contracts from April 2024. These contracts last a minimum of five years. Contracts are also wlth 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 learning disabilities. A further retendering exercise was completed in late 2024 for the mental health seNices by the NHS. Alabaré was successful with a new contract awarded from April 2025. Indirect statutory funding is the rental income, which is largely funded by Housing Benefit. On an annual basis rent levels are revlewed and any increase is subjectto approval by local authorities administering Houslng Benefit. We confirm that the major risks to which the Charity is exposed, as identified by the Trustees. have been reviewed and 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 3,272 vulnerable and homeless people and, through the securing of new funding contracts, creating the foundations of continuing the work forthe next few years. The year saw the continued development of our mental health seD4ices in Wiitshire. Since the start of lockdown in 2000, with financial support from the NHS, the telephone advice and drop-in service has grown into Alabaré Riverside Sanctuary, a confidential service aimed at anyone in Wiltshire seeking mental health 5UPPOrt or struggling to manage their mental wellbeing. Working in partnership with other providers in the county, our mental well-being support has continued to develop with the Acce55 Community Mental Health, offering extended telephone support, personalised recovery and well-being plan5 and counsellinE, and focusing on walking alongside people on their journey of recovery and well-being. These vital services supported over 2,700 people in Wiltshire. The service was retendered in 2024 and in partnership with other charities, we were successful in both retaining the exlsting service with a commitment to developing new Crlsls homes in 2025.
Alabaré Report of the Trustees For the vear ended 31 March 2025 During 2024/25 Alabaré supported 158 veterans through the supported housing across England and Wales. 350 referrals were received for Homes for Veterans, an intrease of 122% on the previous year. The funding for this seNice has been rebid for in March 2025 and the outcome will be known in July 2025. The young people's services provided safe and stable supported housing to 110 young people offering a foundation for growth, healing and independence. Duringthe year we helped 69 young people developtheir employability skills and 100 young people participated in the dedicated wellbeing programrne. The charity support5 47 residents with learning disabilities in Salisbury and Amesbury. The service provides accommodation and person-centered support which builds friendship5 and community. Alongside the residential services, are development centres at Old Sarum and Barford St Martin. The development centres focus on building skills and confidence through activities such as gardenin& cooking and IT trainin8. Over the year Alabaré 5UPPOrted 192 individuals who were, or at risk of being, homeless in supported accommodation in Wiltshire, Weston-super-mare and North Devon. The charity had a successful fundraising year with over £2m raised from trusts, individuals, events and corporates. The 5-yea r flnancial forecast5 highlighted an increasing reliance on fundraising to continue to deliver the vital services to the vulnerable. The Trustees commissioned a major review of fundraising activities by Jukes Mcwilliams Consultants. The Trustee5 approved the recommendations, which have resulted in a new fundraising and marketing strategy and a restructure of the department. CharItS strategies for achieving it5 aims and objectives A Five-year Plan was agreed by the Board of Trustees on 27 March 2025. The plan sets out 11 key results areas to be achieved by 2030. Effectiveness- Key Results #l Alabaré's succes5 in achieving its mission is measured and monitored through effective impact reporting Effectiveness- Key results #2 To ensure that at least 80% of clients are satisfied with the Alabaré home they live in and service they receive. Effertiveness - Key results #3 At least 75% of residents take part in BoTG/Wellbeing, Chaplaincy engagements or other similar activities to improve their wellbeing. Sustainability - Key results #4 Ensure an annual operating surplus of 3% of expenditure to help build an unrestricted reserve equivalent to at least three months, running costs, ensuring continuity of services. Sustainablllty- Key results #5 Ensure that fundraising income raises at least 33% of our expenditure. Growth - Key result #6 Identify an appropriate measure to measure public awarenes5 of OUT profile, mission, and brand at local, regional, and national levels, then achieve a IO% increase year on year to increase knowledge, build trust, foster collaboration opportunities, and Influence public policy.
Alabaré Report of the Trustees For the ear ended 31 March 2025 Growth - Key Result #7 Increase the number of bedspaces provided from 350 to 5CKI across Southern England and Wales to grow the charity and help more people in need Growth - Key Result #8 Increase the number of owned properties by 5 overthe lrfetime of the plan Envlronmental, Soclal, and Governance - Key result #9 Environmental: achieving Energy Efficiency Rating C, exceeding the Decent Home Standard and championing Reuse, Recycle and Reduce. Environmental, Social, and Governance - Key result #lo Social: employees: enhance the representation of underrepresented groups by IO% within the next year. Conduct an employee wellbeing survey twice a year to measure improvements in wellbein& ensure 90% uptake in all staff training. Envlronmental, Soclal, and Governance - Key result #ll Governance.. securing the future of the charity by ensuring 'good governance, Igreenl Status in all the areas assessed by the COBSEO Governance Practices Self-Reporting Tool by 2026. Meeting the challenges in the plan will require passlon, commitment and relentless focus. We will also want to workwlth partnerswho share ourvision and valuestoenable real change in ourworld, sothatwecan deliver andgrow our services to meet the needs of those we support across the breadth of our communities. Financial and Reserves Review In accordance with the approved 5-Year Plan, the Charity plans to build and maintain the level of free reservesto be at least three months of operating expenditure. Progress is reviewed on a regular basis by Trustees at the Finance & Resources Committee, and at Board meetings. As at 31 March 2025, the Charity's total reserves (restricted and unrestricted) had a mlnor decrease from £3,658,085 to £3,634,408. Of these total reserves figure at 31 March 2025, £3,286,14012024: £3,223,729) related to unrestricted reserves and £348,26812024: £434,356) to restricted reserves. Of the unrestricted reseNes figures at 31 March 2025, £2,551,98612024: £2,240,502) is represented by fixed assets. The level of free reserves at 31 March 2025 is £734,15412024: £983,227). The restricted reserves of £348,268 Is detalled by activity in note 23. These reserves are the result of funders makinggrants in advance of 2024125. They are likely to be fully expended in 2025126 with the exception of the Salisbury Parent and Babyfund which consists of £224,000 (2024: £252,000) received from the Community of St Denys for the running costs of the home for the next 8 years and an initial 3-year grant1£60,0001 from the Burnbake Trust which at 31 March 2025 has £25,000 and one year left. Complaints We have received no complaints about fundraising activities. All other complaints were dealt with through the Charitvs complaints process. 101 Page
Akbara R4poftdtheThistees For rend Trustee< Responslbllttles Company law requlres the Trustees (who are a150 the Director of Alabaré for the Purpo of cornpany law} to prepare financlal stst•nents for eath Ilnandal year that gSve a true and falrvlew of the ststÈ of affairs of the Chirity at tha and of the year. and of the Incoming and outgoin8 resourcesfor the year then erbded. preparing those finandal ststements the TNstees are requlred to selett sultable accounting poliaes and then apply them conslstently, m*JnE Judgements and estknatts that are reasonable and prudehL The Trustees alw must prèpirè the finahclal statements on the goir6 cohcern basls unless It Is Inapprowlate I presumethat the Charity wlll contlnue its activae& The Trus15 8re respMslble for keepkng proper accountkng records whlch dlscbjse wlth reasonable accuracy at any tlme the flnandal sItION of the Cfrarlty and to enable them to ensure that the flftanclal ststements comply v41th the Companles Act 2006. The Trustees also are responslble for safeguardlng the assels of the charfty and hentr for takln2 reasonable stsps for the preventlon and detettion of fraud and other Irregulari¢le& Statement of Dlsclosures to Audltor Each Trustee of the Charlty has confirmed in fifilling his/lRr dutie5 as a Ttte= (a) So far as e&hTrustee is aware, there is no relevant audlt Information of whith the Charws auditors are unaware. Ibl Each Trustee has taken all the steps that he/she ought to have taken as a Trustee ln ordèrto m•ka hlrnseiflherself a%Ydre of any rqlgvgnt audit inforniatM)n and to establish th4t the Charivs audltors are aware of that Infomiatlon Auditors A resolutlon to rfrappolnt Fawtetts LLP as auditors for the ensulng year WIN be proposed. The flnanclal statements were approved and iuthorised for Issue by the Board of Trustees on .1 and were SiBned on behaff by Malcolm ssells- Ch4lr of Tr 5tees 111 Page
Report of the Independent Auditors To the Members of Alabaré Oplnlon We have audited the financial statements of Alabaré {the 'charitable company'l for the year ended 31 March 2025 which comprlse the Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, includin8 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 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" {United Kingdom Generally Accepted Accounting Practicel. 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 2025 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 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards 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 statements 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 basi5 for our opinion. Conduslons relatln8 to 8olng concern In audttin8 the financial statements, we have concluded that the trustees, use of the going concern basis of accountin8 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 slgnificant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the flnanclal statements are authorlsed for issue. Our responsibilities and the responsibilitie5 of the trustees with respect to 80in8 concern are described in the relevant sections of thls report. Other Infomiation The other information comprises the information included in the trustee5' annual report, other than the financial statements and our auditorfs report thereon. The trustees are sponsible 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 expre55 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 5tatement5 or our knowledge obtained in the course of the audit or otherwise appears to be rnaterially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material mi55tatement 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. Opinion5 on other matters prescribed by the Companies Art 2006 In our opinion. based on the work undertaken in the course of the audit- the information given in the trustees, report lincorF)orating the directors. reportl for the f inancial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Directors included within the Report of the Trustees has been prepared In accordance wlth appllcable legal requirements. 12
Report of the Independent Audltors Icontlnued) To the Members of Alabaré Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have rbot identified materlal mlsstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us,. or the financial Statements are not in aEreement 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. Responsibilities of Trustees As explained more fully in the Statement of Trustees. Responsibilities set on page 11, the Trustees (who are Iso direttors 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 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 companws 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 realistlc alternative but to do so. Auditorfs responsibilities for the audlt 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 IUKI will always detect a material misstatement when it exists. Mlsstatements 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. Identifying and a55e55ing potential risks related to irregularities Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities, outlined above, to detect material misstatements in re5pert of irfegularities, 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 financial perfDrrnance; results of our enquirie5 of manaEement about their own identification and assessment of the risk5 of irregularities,. any matters we identified having obtained and reviewed the charity's documentation of theif policies and procedures relating to.. identifying, evaluating and complyin8 With laws and regulation5 and whether they were awa of any instances of non-compliance,. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspetted or alleged fraud- - the internal controls established to mltigate risk5 of fraud or non-compliance with laws and regulations the matters discussed among the audit enga8ement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. 13
Report of the Independent Audltors (contlnued) To the Members of Alabaré As a result of these procedure5, we considered the opportunltles and Incentlves that may exlst wlthln the organlsation for fraud and identified the greatest potentlal for fraud in the following area: revenue and Surplus recognition. In common with all audits under1SAs IUKI. we are also requlred to perform specific procedures to respond to the risk of management override. We have also obtained an understanding of the legal and regulatory frameworks that the charlty operates In, focusln8 on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's web51te at- www.froorg.uklauditorsresponsibilities. This description forms part of our auditor's reporL Audit re5pon5e 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 direct effect on the financial statements- - enquiring of rnanagement concerning artual and potential litigation and claims: reading minutes of meetings of those charged with governance and reviewing any Corresponden with the Regulator of Social Housing and In addressing the risk of fraud through mana8ement override of controls, testing the appropriateness of Journal entries and other adjustments: a55e55ing whether the judgements made In making accounting estimate5 are Indlcatlve of a potential bias,. and evaluating the bu5ines5 rationale of any significant tran5attlons that are unusual or outside the normal course of buslness. We also communicated relevant identified laws and regulations and potentlal fraud rlsks to all engagement team members and remalned alert to any Indlcatlons of fraud or non-complian with laws and regulations throughout the audit. Because of the Inherent Ilmitations of èn audit, there is a risk that we will not detert all irregularitles. Includlng those leading to a material misststement in the flnanclal ststsments or non-compllance wlth regulation. This risk increases the more that compllance with a law or regulation is removed from the events and transactlons reflected In the financial statements, as we wlll be less Ilkely to become aware of Instances of non<ompliance. The risk is also greater regardlng irre8ularities occurring due to fraud rather than error, as fraud involves intentional concealmenL forgery. collusion. omission or misrepresentstlon. We communicate wlth those charged with governante regardingi among other matters, the planned scope and tlming of the audit and significant audit findings, Including any significant deficiencies in internal control that we identfy during our audlL Use of our report This report is made solely to the charitable company'5 members, a5 a bodyi in accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertsken so that we might state to the charitable company's members those matter5 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 charitable company and the charitable company's members as a body, for our audit work. for thi5 report, or for the opinions we have for Nichola5 one5 FCCA (Senior Statutory Auditor) for and n behalf of Fawcetts LLP, Chartered Accountants & Statutory Auditors Windover House, St Ann Street, Salisbury, SPI 2DR 14
Alabaré Statement of Flnanclal Activltles (Includlng the Income and Expendlture account) For the year ended 31 March 2025 2025 Total 2024 Totsl Unrestricted Restricted Note INCOME AND ENDOWMENTS FROM: Donations and legacies 668.300 1.339.077 2,007,377 1,603.916 Charitable attivities 10,180.286 10,180.286 9,577,541 Other trading activities 446.363 446,363 456,990 Investment Income Other income 31.894 31,894 18.890 237,391 Total income 11.326.843 1.339,077 12,665,920 11.894.728 EXPENDITURE ON: Raising funds, marketing and trading activltles 1.294.007 1,294,007 1,030.409 Charitable activities 9,970.016 1,425,574 11,395,590 10,542,584 Total expenditure 11,264,023 1,425,574 12,689,597 11,572,993 INcOME/{ExPENDuRE) 62,820 186,4971 123,677) 321,735 Transfers between funds {4091 409 MOVEMENT IN FUNDS 62AII 186,0881 123,677) 321,735 RECONCILIATION OF FUNOS: Total funds brought forward 3,223,729 434,356 3,658,085 3,336,350 TOTAL FUND5 CARRIED FORWARD 3286.140 348,268 3,634,408 3,658,085 The above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The notes form part of these financial statements 15
Alabaré Balance Sheet As at 31 March 2025 2025 2024 •d •4•ts Intan8ible fixed as5et5 Tanble llxed assets InstMentS 15 16 17 155,297 4,699.722 L8.831 4,810,509 9,(lJO 4,864,019 4.83&340 CuThent assets Debtors Cash at bank and In hand 18 619.937 1,257,202 831.702 1.451.659 Tt•l eurrEnt •ts 1,877,139 2.283.361 U•blltl8S Credltors: Amounts due wlthln one year 19 (1.091,076) 11,152,4991 N•t curr•nt •ssefs 786,063 ¥130,862 Totsl issets less currrt h•bllli•s 5,650,082 5,969,202 Creditor& Amounts due after more than one year 20 (2M15,674) 12.311.117) NEf ASSErs 3,654.408 3,658,085 Funds Unrestrlrted funds 3.286,140 3,223,n9 ftestrictéd Income funds 23 348,268 434,356 TOTALCHARtTY FUNDS 3,634NO8 3,65&085 The flnanclal statements were approved and authorfsed for iswe by the Board of Trustees on were sl8ned on its behalf bv.. Malcolm Cass•Ms {Ch•lrni•nl Company rryijtration number.. 02604011 The notssfnrni part of these finandal statements 16
Alabaré Statement of Cash Flow For the year ended 31 March 2025 2025 2024 Notes CASH FLOWS FROM OPERATING AcfiviTIES: Net cash provided by/{used inl operating attivities 324,672 268.227 Cash flow5 from investing activities: Purchase of property and other fixed assets Proceeds from disposal of fixed assets 1233,324} {55,012) 425,631 Net cash provided byllused in} investing activities 1233,324} 370,619 Cash flows from financing activities: Repayments of borrowin8 Cash inflow5 from new borrowing 1285,805) 1271.7871 Net cash provided byllused inl financlng activities 1285.8051 1271,7871 CHANGE IN CASH AND CASH EQUIVALENT5 FOR THE YEAR 1194,4571 367,059 Cash and cash equivalents brought forward 1.451.659 1,084,600 CASH AND CASH EQUIVALENTS CARRIED FORWARD AT 31 MARCH 1,257,202 IA51,659 a) Reconciliation of net Incomellexpendlture) to net tash flow from operating artivities 2025 2024 Net incomellexpenditurel for the year as perthe Statement of Financial Attivities 123,677) 321.735 Adjusted for: Depreciation and amortisation ISurplusl/deficit on disposal of fixed assets Ilncreaselldecrease in debtors Increaselldecreasel in creditors 207,645 216,551 1237,3911 1166,7061 134.038 211.765 (71.0611 Net cash (used in)Iprovided by operating arti¥ities 324,672 268,227 b) Anatysis of cash and cash equivalents 2025 2024 Cash at bank and in hand 1,257,202 1,451,659 17
Alabaré Notes to the Flnanclal Statements For the vear ended 31 March 2025 l. Accounting pollcles al Basls of preparatlon of the accounts Alabaré is an incorporated charity In England. 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 Recornrnended 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 Art 2011. the Cornpanies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical c05t convention. modified to include certain items at fair value. The financial statement5 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} Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the 8eneral objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which ore to be used in accordance with speclfic restrirtions imposed by donors or which have been raised by the charity for partlcular purposes. The cost of raising and administering such funds are charged a8ainst the specific fund. The aim and use of restricted funds is set out In the notes to the financial statements. All funds are reviewed annually and transfers between funds undertaken a5 determined by that review. c) Income recognltlon All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be recelved. For donations to be recognised the charity wlll have been notified of the amounts and the settlement date in writin8. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions Is within the control of the charity and it is probable that they will be fulfilled. Income from charitable activities includes income as earned {i.e. as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Where contractual income is received in advance it is deferred and included in deferred income within creditors. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. Interest income is recognised using the effettive interest method and is included when the amount can be measured reliably. On-line shop income and income derived from events is recognised as eamed. dl Expenditure recognition Expenditure is recognlsed when a liability is incurred. This means that expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of VAT where applicable. Expenditure is recognised whe there is a legal or constructive obligation to make payments to third partie5. It 15 probable that the settlement will be required and the amount of the obligation can be measured reliabSy. Raising funds are those costs incurred in attracting voluntary income, and those incurred in fundraislng activltles/events and retall. 18
Alabaré Notes to the Financlal Ststements For the vear ended 31 March 2025 Accounting policies (continued) Empendtture recognltlon Icontlnuedl Expenditure directly attributable to a specific activity category le.g. raislng funds and charltable attivitiesl has been Included in the relevant categgry. Where costs are attributable to more than one activity, they are apportioned across attivities based on the time Spent by staff on those actlvities and their use of shared resources. The costs of central support seNices have been all¢xated to activity cost categories on a basis consistent with use of the resources pro rata to the dirert Costs of the various operations. el Donated Boods and volunteer and other thnated services Donated 8oods are ¢08n1$e(l in different ways dependent on how they are used by the charity: lil those donated for direLt transmi55ion to beneficiaries Ichiefiy dothing and food) are not included in the statement of finanaal activities on the basis that. if they had not been donated. the charity would not have purchased them. lill those donated to be used in service provision le.g.. fod for use in providin8 rnea15 at the drop-in centrel are also not in¢lutlÈd in the statement of financial artivities on the same ba515 as above. liv) other Bood5 which are donated for sale through the retsil operation are not Included In the accounts until they are sold as they have no cost attached. Iv) where services are provided to the charity as a donation that would normally be purchased from our supplier5. thi5 contrlbution is included in the flnanclal statements at an estimate based on the value of the contribution to the charity. Employee Benefits The charity operates a defined contribution plan for the benefft of its employees. Contrlbutlons are expensed as they become payable. The assets of the Scheme are held separately from those of the charity. gl Leaslng and hlre purchase commltments Rentsls payable and recelvable under operatin8 leases are charged to the SOFA on a straight line basis over the period of the lease. h) Intanglble a$5ets Intan8ible assets are amortised on a straight line basis over thelr usefvl lfves, as follows: IT & Webslts development 4 years il Tangible fixed assets and depreclatlon Tangible red assets are stated at cost and depreclated over their usehjl economic live5, le55 any estimated residual value. at the following rates.. Land Freehold property Short leasehold property Equipment Motor vehicle5 Not depreciated 50 years Period of lease 4 years 4 years jl Debtors and Ireditors recei¥ablelpayable within one year Debtors and creditor5 Wlth no stated interest rate and receivable or payable wtthin one year a Corded at transartion price. Any losses arising from impairment are Cognised in expenditure. kl Investment5 Investments are included in the financial statements at market value. All gains and losses are taken to the Statement of Financial Attivitie5 in line with the Charity SORP. 11 Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently. they are measured at amortised c05t using the efFective interest rate method, less impairment. ml Flnanoal instruments The charity only has financial assets and financial Ilabllltles of a klnd that qualify as basic financial instruments. Basic financial Instruments ore initlally recognised at transaction value and subsequently measured at their settlement value wlth the exception of bank Icans whith are subsequently measured at amortised cost using the effertlve Interest method. 19
Alabaré Statement of Flnanclal Actlvltles (including the Income and Expendlture account) For the year ended 31 March 2025 2. Comparatl¥e Statement of Finantial Activities- comparatlve balances as at 31 March 2024 2024 Totsl Unrestricted Restricted Note INCOME AND ENDOWMENTS FROM: Donations and legacies 540,349 1,063,567 1.603,916 Charitable activities 9,577,541 9,577.541 Other trading attivities 456,990 456,990 Investment Income 18.890 18,890 Other income 237,391 237,391 Total Income 10,831,161 1.063.567 11,894,728 EXPENDITURE ON: Raising funds, marketing and tradin8 artivities 1,030,409 1.030.409 Charitable artlvltles 9.444.196 1,098,388 10,542,584 Total expendlture 10.474.605 1,098,388 11,572,993 NEf INCOME/(EXPENDITURE) 356,556 134,821) 321,735 Transfers between funds 409 NEf MOVEMENT IN FUNDS 356.556 134A12) 321.735 RECONCIUAnoN OF FUNDS: Total funds brought forward 2,867,173 469,177 3,336,350 TOTAL FUNDS CARRIED FORWARD 3,223,729 434,765 3,658,085 The above results a derived from continuing activities. There were no other recognlsed gains or losses other than those stated above. The notes form part of these financial statements 20
Alabaré Notes to the Flnanclal Statements For the year ended 31 March 2025 Donations and legacies Total 1025 Total 2024 Unrestrirted Restrirted Charitable Trusts general grants Other general grants Corporate donations Individual donations Churchlcommunity groups Legacies Fundraising events 9,250 1,284,223 20,834 8,353 3,767 21.900 1,293,473 22,834 92,883 432,641 69,031 1,089.288 2.840 78.277 187.849 56.300 50.000 139.362 84,530 428,874 47,131 96,515 96,515 668,300 540,349 1.339,077 1,063,567 2,007,377 1.603,916 1,603.916 2024 totol Income from charitable artivities Total 2025 Total 2024 Unrestrirted Restrirted Public Sertor Contracts Accommodation charges Other income 5,591,905 4,570,589 17.792 5,591.905 4,570,589 17,792 5.226.327 4.347,716 3,498 10,180,286 9,577,541 10,180,286 9,577,541 9,577,541 2024 totol Other tradlng artivities Total 2025 Total 2024 Unrestricted Restrlcted Sales from retail activities Other income 385,363 61,01) 385,363 61,000 404,995 51,995 446,363 446,363 456,990 456.990 2024 total Investment income Total 2025 Totsl 2024 Unrestricted Restricted Bank interest 31.894 31,894 18,890 31.894 18,890 31.894 18,890 18,890 2024 total Other incorne Total 2025 Total 2024 Unre5trirted Restricted Surplus on sale of fixed asset 237,391 237,391 21
Alabaré Notes to the Financial Ststements For the year ended 31 March 2025 8. Expendire Staff Costs Other direct costs Support costs Total 2025 Total 2024 Roi5ingfvnd5 rnorketing and trodlng ortivities Fund raising and marketin8 team 594.660 Charity shops 227.471 190.392 132.096 102.460 46.928 887,512 406,495 684.096 346.313 822.131 322.488 149,388 1,294,007 1.030.409 Charitable activitie5 Veterans Homeless Young people Mental health Learning disabilities Training, development and enterprlse 995,756 1,273,857 1.114,455 953.362 1.420.715 503,012 889.663 1.204.735 919,229 340.678 285.805 178.744 246,073 323,490 265,423 168,890 222,724 88,979 2,131,492 2.802,082 2,299,107 1,462,930 1,929,244 770,735 1,667.234 2,630,406 2.119,238 1.244.921 1,818,674 1,062,111 6.261,157 3,818,854 1,315,579 11,395,590 10.542.584 7,083,288 4,141.342 1,464,967 12,689,597 11,572,993 TOTAL 2024 6,492,960 3,832.616 1,247,417 11,572,993 9. Support costs Total 2025 Total 2024 Staff costs Property costs IT costs HR and administration costs Finance charges 753,857 81,944 221,631 281.605 133.107 710.276 25,085 148,249 215.846 147.961 1,472,144 1,247,417 10. Net incomel(expenditure) Total 2025 Total This is stated after charging.. Depreciation and amortisation Surplus on disposal of fixed assets Auditors, remuneration.. audit non-audit Operating lease rentals.. property rental 207,645 216,551 237,391 9,990 2.704 9,984 2.376 1,278,9Crf) 1,261,489 22
Alabaré Notes to the Financlal Ststements For the year ended 31 March 2025 ii. stsff costs and numbers 2025 2024 Salaries and wages Sessional staff (including agency) Employer's national insurance and contributions Employer's pension contributions 6,601,490 463,305 586,413 185,936 6.116,372 410,483 495,871 180,510 7,837,144 7,203,236 The average number of people employed, including part-tlme staff: 2025 No. 2024 No. 275 270 One employee earned between £80,001 and £90.(MXI per annum durin8 the current and employer pension contributions of £4,894 were made in respect of the above individual's employment. The value of service5 provided by volunteers is not incorF)orated into these financial statements but makes significant impact on the work the charity is able to deliver. In the year to 31st March 2025 a total of 24.900 hours wa5 volunteered in this way12024: 24,198 hoursl. The key management personnel of the charity are listed on page l. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services was £307,47012024: £779,961). The positions which are deemed to be key management have been reviewed and this has been reduced from 16 in 2024to 5 in 2025. 12. Trustees expenses and MuneratIon Trustee5 are not remunerated. Travel expenses of £136 were reimbursed to I trustee durin8 the year12024: £342- 1- travel expenses). 13. Penslon The charitable company operates a defined contribution pension scheme. The a55ets of the Scheme are held separately from those of the company in an independently administered fund. Contributions payable by the charity amounted to £185,93612024: £180,510). Included within the pension contrlbutions are amounts paid after the year end of £35,53612024: £29.2001. IQ Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Art 2011 and 15 considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes 23
Alabaré Notes to the Financial Ststements For the year ended 31 March 2025 15. Intan8lble fixed assets tr and Webslte Development Cost At l April 2024 Additions Disposals At 31 March 2025 22,945 152,823 175.768 Amortisation At l April 2024 Charge for the year Eliminated on disposals At 31 March 2025 4,114 16,357 20,471 At 31 March 2025 155,297 At 31 March 2024 18.831 16. Tangible fixed assets Freehold property Short leasehold property Motor vehicles Equipment Total Cost At l April 2024 Additions Disposa15 At 31 March 2025 5.561,523 31.563 426,874 30.145 332,841 89.113 18,793 6.410,351 80.501 5.593.086 457,019 332,841 107.906 6.490,852 Depreclatlon At l April 2024 Charge for the year Ellminated on disposals At 31 March 2025 985,932 107,406 233,938 53,080 305,550 18,310 74.422 12,492 1,599,842 191.288 1,093,338 287.018 323.860 86,914 1,791,130 At 31 March 2025 4,499,748 170.001 8,981 20,992 4,699.722 At 31 March 2024 4.575.591 192.936 27,291 14,691 4,810.509 17. Investments 2025 2024 Unlisted UK equity investments 9,000 Debtors 2025 2024 Trade debtor5 Deposits Accrued income Prepayments Other debtors 427,316 14.096 16.416 85,491 76,618 507,543 23,371 46,901 64,871 189,016 619,937 831,702 24
Alabaré Notes to the Flnanclal Statements For the year ended 31 March 2025 19. Creditors: amounts due within one year 2025 2024 Trade creditor5 Tax and National Insurance Deferred income (note 211 Other creditors Bank loan Accruals 299,504 144,511 70,800 107,777 287,359 181,125 222.197 121.813 44.938 342.215 277.721 143.615 1,091,076 1,152.499 20. Creditors: amounts due after more than one year 2025 2024 Bank loans 2,015.674 2,311,117 Repayable by instalments.. 2025 2024 Less than l year Between 2 and 5 year5 In 5 years or more 287.359 244,942 1,770,732 277.721 933.909 1,377,208 2,303,033 2,588,838 Loan terms and securlty: All the loans are based on variable rate terms and a secured against the properties of the charity. Triodos Bank: total loan of £530,463 - 25 year term at 2.5% above base, maturin8 in March 2043. RBS.. total loan of £593,005 - 6 year term, 15 year term and 25 year term at 2.5% above base, maturing in Ottober 2026. December 2028 and January 2040, July 2040 and October 2040. Uoyds.. total loan of £1,179,565 - 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. Defrrred Income 2025 2024 Total deferred income at l April Additions during the year Released to income 44,938 2,521,009 12,495,147) 20,910 2,494.038 12,470,010) Total deferred income at 31 March 70,800 44,938 Deferred income represents contract and grant Income relating to the proportion of funding for 2025126 services. 25
Alabaré Notes to the Financial Ststements For the year ended 31 March 2025 22. Operating lease commitments As at 31 March the charity had total future minimum lease payments under non-cancellable 2025 2024 Less than l year Between 2 and 5 years In 5 years or more 33.450 1,155,117 167,023 23,100 1,059,908 178,481 1,355,590 1,261,489 23. Statement of fvnds Balance at IApr24 Incomlng resources Outgoing resources Transfers tollfrom) Balance at 31 Mar 25 Restrirted funds: Veterans Homeless Youn8 People: Salisbury Mother & Baby Otheryoung People Learning disabilities and mental health.. Riverslde Sanctuary Learning disabllities Trainin& development and enterprise Other operations 54,751 4,775 1,178,957 25,072 {1,156,2361 130,2561 77,472 409 252,000 22,860 128,0001 189,6221 224,0(Y) 66,762 500 6,699 16,6991 115,0001 173,0121 126,7491 500 15,000 84,200 270 8,082 53,505 19,270 27,026 434,356 1,339,077 {1,425,5741 409 348,268 Unrestricted funds: General- fixed assets General- other funds 2,240.502 983,227 {207,6451 519,129 111,056,378) 1519,5381 2,551,986 734.154 11.326.843 3,223,729 11,326.843 111,264,023) 14091 3,286,140 3,658,085 12,665.920 112,689,597) 3.634,408 Restricted funds.. these represent grants and donations received for specific purposes wlthln each charitable activity. The transfer represents the release of restricted funds used to purchase f ixed assets as in line with the accounting policies. General fixed assets.. this represents the net book value of flxed assets less bank loans secured against the properties. 26
Alabaré Notes to the Financial Ststements For the year ended 31 March 2025 23. Statement of fvnds Icontlnued) Comparative staternent of funds for the year ended 31 March 2024: Balance at IApr23 Incomlng resources Outgoing resources Transfers tollfrom) Balance at 31 Mar 24 Restrlrted fvnds: Veterans Homeless Young People.. Salisbury Mother & Baby Other Young People Learning disabilities and mental health.. Riverside Sanctuary Learning disabilities Training. development and enterprise Other operations 36.360 6.114 566,293 29,280 1547,9021 130,6191 54.751 4.775 280.000 20.000 128.0001 138.6951 252,000 22,860 41.555 5(M) 5(Xl 15.000 84,200 270 15,000 111,703 425,639 3(Kl 1453.1421 1301 469.177 1,063.567 11,098,388) 434,356 Unrestrlrted funds: General - fixed assets General - other funds 2,318.494 548,679 1216,5511 {10,258,0541 138,559 1138,5591 2.240,502 983.227 10,831,161 2,867,173 10,831,161 {10,474,6051 3.223.729 3,336,350 11,894,728 {11,572,9931 3.658,085 27
Alabaré Notes to the Flnanclal Statements For the year ended 31 March 2025 24. Anatysls of net assets between funds Net current assets Creditors > I year Flxed assets Total Restricted funds Unrestricted funds.. General - fixed assets General - other funds 348.268 348,268 4,855,019 9,000 {287,3591 725,154 12,015,674} 2,551,986 734.154 Net assets at the end of the year 4,864,019 786,063 12,015,674) 3,634,408 Comparatlve analysls of net assets between funds for the year ended 31 March 2024: Net current assets Cfedltors > I Flxed assets year Total Restricted funds Unrestricted f unds: General - fixed a55et5 General - other funds 434,356 434.356 4.829.340 1277.7211 974,227 12,311,117) 2,240,502 983,227 Net assets as at 31 March 2024 4,838.340 1,130,862 12,311.117) 3,658,085 25. Related party transartlons There are no related party transactions12024: none). 26. Status The charity is limited by guarantee and has no share capital. 28