REGisfERED COMPANY F4UMBER: 02721597 (EnE]And and Wales) REGISTERED CHARITY NUMBER: 1012204 PA.K TATEMEwrs FINANC.IAL.L_ FORIHEYE. AB Ely1 MARCIIIL124 Arn)strongs Bishop Simmons Chart¢red Accountants and Siutulory Auditors Gethin House 36 Bond Strcct Nun¢alon WaNickshir¢ CVII 4DA
CONTENTS OF THE FINANCIAL STATEMENT3 FOR THE YEAR E -ED3] MARCH 2024 Reference *Dd AdmlnfistrAthi¢ Detal15 Trustees, Report Report of the Independent Audltors Ststeujent of Flnanclal Acdvttfies 8Raa¢¢ Sheet Cash Flow Ststsment io Notes to tht Cash Flow StAtemént Notrs to the FlnaneAAI Statem¢nts 12 to 19 Detailed Statement of FinAncJAI Activitie5 20
REFEREN FO_R THE YEAR ENDED TRUSTEES G GT¢wcock Charity Worker Ms M Moyle Le¢rer P R TomliTtson Engineer Ms E D Rowe Assistant REGISTERED OFFICE Unit 42 Cent¢nary BUSinS Centre Hammond Closc Attlcborough Fields Industrial Estat¢ Warwickshire CVI 2 6RY REGISTERED COMPANY h'UMBER 02721597 (England and Wale5) REGISTERED CHARrrY NUMBER 101221M AUDITORS Arn]strongs Bisl)op Sinllnons CharteT¢d Accountsnts attd Siututory Audilors Gethin House 36 Bond Street Nuoeaton Warwickshire CVII 4DA BANKERS National westminst Bank Pl 13 Th¢ Borougb Hinckl¢y LEIO INW Uoyds Bank PIC 17-23 Covellty Strect Nnlon CVI15TD BANKERS Santander UK Pk 2 Triton Square Regant's Place NWI 3AN Pag¢ I
TRUSTIES,. REPORT The truskes present their anmial report and financial statements for the year ended 31 M4rch 2024. The financial oI¢M¢nts b8v¢ been prepared in ordanCe with ihe accounting policies set out in note I to the finan¢ial statements and comply with the charltable company's gov¢ming documenL th¢ Companies Act 2006 and "Accovnting and Reporiing by Clwiiies.. Staiemenl of R¢cornrnended PTa¢ti¢e applicable to ¢hatitie5 preparing their 8Lwunls i a¢COTdan¢e wÈth the Finallciaj Repurting StsmdaTd applicable in the UK and Republtc of Ireland (FRS 102). OWEcrtVES AND ACTIVITIES Objectives and aims The charitable company's objective and its principa] activity to b¢nefit tlL¢ public conlinues to be that of providing a quality service for Clients with learning difficulties. enabling them to fvlly integrale into the commuNty. The charitable company also offers day-care services providing structured activities and outings forclients with learning difficulti. The polictes adopted in fier8D¢¢ of these objeaives ¢ontinu¢s to be Tenting suTlablc properties. fully equipping and staffing tbern as appropriate to provid¢ don)iciliary scrvicc& Ther¢ bas EK¢n no chaa8¢ in these policies during tk year, The nwin obj¢rtive continued to be maintsining and improvitig its good quality lev¢1 of seTviee to the chariiable company's Clie8. To enable the charitsbk company to achieve this objectiv¢ all the employees aTe NVQ qualified. The trust¢e5 have paid due Tegard to guidanee issued by the Charity Commission in deciding wbat activities the Charlble company should undertake. STRATEGIC REPORT Achieven)ent and performance CbarlÉable ictivides The tTristees consider that the perf0Trnae of the charitable company this year h&4 met the objectsves outlined abov¢, The charitsblc ¢ompany has continued to maintsin its higb quality skndari] of care within a happy gnd safe environt)KnL The tsusiees and managemeni are satisfied with the current yeavs financial and operalional perfornw¢a Th¢ chATitsble COMpanS lotal unresiTi¢led Tescrvcs have inrr¢a%¢d froln £243,205 (2023) lo £354,410. Th¢re have b¢en nuMeuS changes in the current y¢ar which includes d)anges in sident lev¢ls and costs incurred on the reslructUTe of ihe residential hou5in& as part of thc charitablc company's plans to improve operation&1 activities and finances. All th¢8¢ changes OT¢ to io ¢Lsure the longevity of the chaTitable company both financially and non-financially. FFn#Mcl*l rtvlew Futsrt devtlopments The tustees and management anticipate a small sUlUS income over expenditUTe for the 2025 firjancial year similar t the 2024 financial y¢ar providing fjjture reserves for financial stability for the foreseeable futurc. Prlncipal fundlng sources The WlDcipa] funding resource8 Teceived by the charitable company comprises of contract income Warwickshire County Council and othey lo H¢alth Authoriti¢s. Investment policy The chari18ble company only invests its available fund5 Ill iIIt¢Test4>earing deposit aoUn15 with the companys main Reserves policy Ii is the policy of the charitsble compgny that unrestricted fdS wbich have not been designated for a 4>eeific use sh¢)uld b¢ maintained at ll level of £IOO,(rf)O io cover any future defi¢iis for two flnancial years. The Inte¢S consider5 that reserves ai Ihis level will ensure thaL in th¢ ¢v¢nt of a S]lfiCant drop in funding. Page 2
PA.IL LllSTEES' REPORT FQLTHE YEAR ENDED 31 MARCH 2QU STIL4TEGIC REPORT Finiycial review Rlsk maThagenJent The trustees have assessed the major risks to which the Chitable company is exposed. The t[te¢S and management are satisfied with the systems that are in pl to mttigate exposu to the non-financia] STRUCTLIRt GOVERNANCE AND MANAGEMENT Goyerning do¢ument The ¢haritable company is a registered ch¥Tity and is w]stituted as a cornpany limited by guardnte¢ and is therefor¢ g0venl by a m¢mordndum and articl¢s of association. Direetor5 and Irustees The trustees, who are also the directots ft)r the PUTSe of co]r4)any law, who served during the year were: P R Tomlinson M Moyle G Grewcock E D Hudso]J AppolntmeDt of trnstees All of the trustees are dirc¢tors of the charitable company. Detsils of the trustees can be fo]md above. The Board bas the power to appoint additional hvslees if it Con81d fit to do 50. None of th¢ tjustees bas any beneficial interest in the company. OrgAntsAtion The chaTitable c(wany is orgaTsised 50 th81 the ttwst¢¢s meet rcgularly to manage its affairs. There is one administrator and two llwagerial staff who managc the day to day thinistration of the Ch*table company. The rern8inin8 Staff are employcd directly to G&try out the objectiv¢s of the charitable company. Trnstee knduction and training All new tDJstees are required to attend 8 serie5 of tn]st¢e meetitigs prior to being appointed. New trllst ar¢ invited to a social meeting to be introduced to the managets, the SaJiOT nmbers of staff and the residents. Th1¢¢$ are giv written and Verb inforniation regarding the charitable company and the cont¢xt within which it opcrdtes. Lilthttwe reg8rth.ng the tnNees' role and responsibilities obtained from the Charities Commission is also givcn to each new ttustee. Related parlies None of our tntslees (directors) receive reMeration or any other benefit from th¢ir WO with the ¢haTity. Any conneclion btheen a tnistee or senior manager of the charity mum b¢ disclosed to the 11 board of tswtees in the same way as any otho cL)rttl7 relationship with a yelated prty. In the ¢urrent year no such related pgrty transaclions were reported TRUSTEES, RESPONSIBILITY STATEMENT The trU¢¢S (who arc alsu the dir¢rtoTh of PA.K.S. for the puryN)ses of company law) ar¢ responsibl¢ for preparing ihe Trustees, Rcport atsd the financial statem¢nts in accordance with applicBble law and United Kingdom AOUntIng Stsndards (United Kingdom Generally ACced Accounling Prnclice). Page 3
PA.KS. TRUSTEES, RERT FOR THE YEAR ENP.ED 3J MARCH 2024 TRUSTEL8' RESPONSIBILITY SfATEmE- totstlnued Company law requiTes the tnte¢S to prepare financial statements for each fmancial year whith give a twe #nd fair vi of the slate of affaiT5 of ihe charitable company and of lh¢ iDcoming resources and application of rth), including the income and expendibjre, of the ¥hariiabl¢ c<ympany for that period. In preparing those financial slatements, the trust¢¢s are requircd to select suitabl¢ a¢tIng policies and then oN)ly them consistently. observe the methods and piinciples in the Charity SORP. make judgements and estimates that are reasonable and prudent" prepare the financial Stat1¢nts on the going concern basis unless it is inapprnpriate lo pSUMe that the cbaritable company will continue in busine&8. Th¢ ttustees are Tesponsible for keeping proper accounting records which disclose with reasonable accuracy al any tD])e Ibe filn¢la1 posilion of thc chaiitable cornpany and to enablc Ihcm to ensure that th¢ financial 5taiements ¢omply with the Ci)mpanies Act 2006. They are a]so responsible for safeguarding Ihc a5scts of the charitable cowy and hcnce for tskin8 reasonable steps for the prevention and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO AUDITORS So far as the Itust¢es are aware. there is no relevath infomjation (as defined by Se¢tÉon 418 of the Companies Act 2006) of which the chaTilY4ble compangs auditors ore unaM•re. and each truste¢ h&s tsken all the steps that they ought to have tak as a trustee in order to them awa of any audii inforniation and to estsblish that the clwitable companys auditorn aware of that inforniation. AUDITORS The auditors, Arn8s Bishop Simmons, will be proposed foT re-appointn)¢nt at the forthcoming Annual Gweral Teport, incorporating a strategic r¢porL approved by order of the board of trnstees. as Ibe compBny directors, 4'1ola4....,............... and 5ign¢d on the board5 behrby. P R Tomlinson- Tnlstee Pag¢ 4
PO_RT OF_THE INDEPENDENI_' AUDJTORS TO THE TRusifES OF Opittion We have audited thc fynancial slalcmenls of P.A.K.S. (the 'charitable company? for the year ended 31 March 2024 which comprise the Sial¢ment of Financial A¢livilies, Ihe Balance Sheet, the Cash Flow Statement and notes to the financial stat¢ments. including a summary of sigmificant accounting policies. Thc financial reporting framework that has been applied in their Preparation is applicable law and United Kingdom Accounting Standards Wniled Kingdom GcneTally Ac¢¢pled Accounting Practice). In our upinion the finala1 statements: give a true and fair vlew of ihe slale of the charitsble company'5 atrairs &$ at 31 March 2024 and of its incoming resources and applicalion or1esourc. includin8 115 income and ¢7(penditure, for the yeaT then ended. have been properly prepared in accordance with United Kingdom Generally Accepted A0lIng Practice. and have be¢n prepared in accordance with requirem¢nts of Ihc Companies Ad 2006. Basis foT opinion We conducted our audil in accordance Mpitb International Siandard5 on Auditing (UK) (ISAS (UK)} and appli¢able law. Our responsibilities under th0 stsndards are further described in the AuditorJ' ¥esponsibililtes for the audit of the financial 5tateinenls seclion L)f ow report. We are independenl of the charitable company in accordance with the ethical requirements Ihal are relevant lo our audil uf Ihe financial ststemenis in the UK including the FRC'S Ethical Standard. and we have fiJlfill¢d our other dhical responsibilities in accordance with these rwiT¢mentk We believe thai the audit evidence we have obiained is sufficienl 4md appmpriate to provide a basis for OUT opinion. CoDclusions relating to gothg eoncern Ill auditing the financial ststemenrs, we have concluded that the trust¢es' use of the going concern basis of accounting in the PTeparation of the financial statements is appropriate. Based on the work w¢ bavc f0m)ed. w¢ have not idcntified any m?terial uncertainties Telating to events or coNlitions tha( individually or ¢ollcdively, may c8St Significant doubt on the chdritsble company's ability Io CODlinue a5 a going ¢oncern for a period of at least Iw¢lve months from whcn the financial statements auth]Sed ftir iss. Our responsibilities and th¢ rcsponsibilities of the trustees with respect to going concern are desctyb¢d in the relevant sections of this reporL Other ADforrnatloD The trustc¢s are r¢SponSile for the other infomialion. The other infOrntiOn comprises the infomiation included in the Annual Report, other than the fi1icial statements and our Report of the Independent Auditors thereon. Our opinion on th¢ financial Statements (S not cover the other infornjation and, except to the exlenl oth¢TWiSC explicitly staled in ow reporL we do not express any frn of assutance conclusion thereon. In connection with QUT a]lt of th¢ fjnaJcial ststements. our respoA8ibility is to read the other infomwtion 8n4L in doing so. eonsider whether the other inforn)atiOD is mati&llY inconsistent with the fmancial statements or our knowledge obiaincd in Ibe audit or oibenvise appedrs to bc m8terially misstated. If we identify such matai81 inconsistencies or apparent materia] missts)ten]ents. we are 1[¢d lo detern)ine whether this gives rise to a materfftal misstatrment in the finon¢ial statcmenls thems¢1v. If, based on the work we hav¢ Irf0m]e, we conclude thai there 18 a material misstatement of ihis other inforniation. we are required to report that fact. Wc have nothin8 to report in this regmrii. MAtters om Mhich wt are required to report by exL%ption We have nothing lo rqkn in respe¢t of the following tte[s where the Charities (Accounts and Reports) R¢gulations 21N)8 requires us to report to you if. in our opinion: the iDfomthtion given in the ttustees Report is inconsistent in any material resjkci with the financial statements; or the charitable company has not kept adequate acccrtmting re¢ords' or the fi]wi¢ial slat¢m¢nts are not in agreement with ih¢ a¢wunting records and retwns. or have noi received all the infomjation aDd explanations we requir¢ for our audit. Page 5
REPORT OF THE INDEPETrIDENT AUDITORS TO THE TRUSTEES OF Responsfib5lldes of trustees A5 explained more ]lY in th¢ TrsteeS, Responsibilities StaternenL the Irust¢¢s (who are a180 the directors of the haritable company for the pw)oses of company law) are responsible for Ibe pr¢parntion of the financia] statements and for being satisfied that th¢y give a truc and fair view. and for such internal control &8 the Iruslees determine is necessary to enable the PT¢paralion of financial statements that are free from m8teTial mi551at¢menl, whether due to fraud or error. In prq)aring the fthanrial stateTnent4 tbc are responsible foT assessing the charitable cornpany% ability to Continue as a going concern, disclosings as applicable. matters related to going concern and using thc going con¢¢m basis of accounling Unl the trustees either intend to liquidate the chaTitable company or to cease operations. or have no realisti¢ altemative but to do 80. Our rtsponslbilities for the wdit of the finantiAI statements We have been aJwind as audilors under Section 144 ofihe Charities Act 2011 and report in arKordance with the Aet and rel¢vanl regulations made or having effect theTeundet. Our objectivcs arc to thtain rcasonable assurgnc¢ about whethcr thc finaT]cial statements as a whole ar¢ free from m&terial misstatement, whether due to fraud or error, and to issue a Rqrt of th¢ Independent Auditors thal include8 oilr opinion. Reasonable assurance 18 a high level of assufdnce. but is not a guarantee that an audii conth]ct¢d in accordance with ISAS (UK) will a]ways detect É matwial missta¢¢m¢nt when it exists. Misstalem¢nts ¢an arise from fra1 or enY)r and are considered MA171 if, individually OT in the aggregdle, they could reasonably be expected to intluence the ¢conomic decisions of users tsken on the basis of these finanoi81 ststements. The exteni to which our proc¢durcs are Capable ofdetecling 1wlat1ti iwludin¥ frdud 15 d¢tsilcd bdow: Based on our understanding of the Compony and industy, we identified that the principal risks of non-complian¢¢ with laws and regulations related to the indtlstry, and we considered the extent to which non-compliance mighi have a maierial etTe¢t on Ihe fmancial statements. We 8bo ¢onSidl those laws and regulations that hav¢ a direct impacl on the fmoncial ststernents such as the Compantes A¢t 2006. We evaluated management's incenives and opportunili¢s for fraudulent manipulation of the financial statements (inCI]Ing the risk of oveTTide of controls) and deterniined thal the princwal Tisks were related to Po1ng wiusual journal entTi&q to increase revenue and profiis or the manipulation of a¢couiiling e&tirnates which could be subj¢ to managemenl bid¥. Audit PTULcdurcs pcrfonned by the cngagcmcnl t¢8m included.. -Reviewing final]81 statements disclosures and testing to supporting documentation to assess complianc¢ wilh applicable laws and T¢gulations,' -Perforniing audit wot over the risk of managemeDI ovetride of controls, including testing of journal entries and other djustillenls for &pproprialene4 evaluating the business rdtionale of signifi¢ant transactions outside the norn1 course of business and reviemyng accounting estimates for bias" -Perforn]ing audit work over the iisk of undwslalemeDt of turnovrr including obiaining ¢om)boraled cxplanations from managem¢nt. - Reviewing minul¢s of the mcctings of thos¢ ¢h8rgcd with govcrnan¢c. There are inhererLI limitalions in Ihe audil procethwes dcscribed above. We are less likely lo become aware of inslances of non-compliwKe with laws and regulation$ that are not closely related to events and transactions reflected in the financial statements. Also. the risk of not dete¢ling a matwial misstalemenl due lo fraud is higher Ihan the risk of nol detecting one Tesuliing from error. as fwd may involve delibeTa* concealment by. for example, forgery or int¢ntionaI misrwresen1alj0 OT thrvugh wllusion. A further descriptiim of our rwibilili¢s for lh¢ audil of th¢ finaDcial slatcmcnts is located on the Financial Rq)orting Council's website al www.fr¢.oTg.ukI&uditorsresponsi1Iltie$. This description forn)s part of our Report of the Jnd¢p¢nd¢nt Audilots. Pw6
REPORT IIF THE INDEPENDENf AUDIT0 TO THE.TRUSTEES OF P.Ls. U¥e of our report Thi$ report is made solely to the chlIable companys Injslees. a5 a bod , in a¢cordan¢e wtth Part 4 of the chltieS (A¢¢ounts ay)d Reporls) R¢gulations 2008. Our audit work has becn rtsken so that wc rnighi slale to the charitable companys trustees those matters we are requi le lo the audiloTS' report and for no other pu4)ose. To the Il&%t cxtcnt pern)itted by law, we do me Tes "bilit to anyone otheT than the chariiable comparty and the chari 's Inle¢S a s report, OT for the opinions we have fomied. a body. f Arntrongs op Simmons Chartere ccountsnls and Ststytory Auditors Eligible to 8¢t as an auditor in tcmls of Section 1212 of the Compani¢s Act 2006 Gethin Hou5¢ 36 Bond Street Nuneaton Warwickshire CVII 4DA D41e.' Page 7
.Ks. STATEMENT.QF. FINANCIAL AC_TIVITIES FOR THE y B EIYDED 31 MARCH 2024 2024 Totsl 2023 Totsl UnrestrAthed Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and l¢gacies J5.579 J5.579 Charltsbk acthddes Resid¢nti*l care & supry)rt service5 1,252,811 1252,811 1,088,450 Inveslment income 7,055 7.055 2,615 Total 1,275,445 1.275.445 1,091,065 EXPENDITURE ON Chlritable actlvities Residential caTe & SUPPOTI seTvice 1,164240 1.164,240 1,070.711 Tr4ET Th'COME IJI205 111,205 20,354 RECONCILIATION OF FUNDS Totsl fimds brought fornvard 243205 243,205 222.851 354,410 354,410 243,205 The notes forni p&rt of these financial ststements Pa8¢ 8
PA.K& BALANCE SIIEE_T 31 MARCH 2 2024 2023 Notes FIXED ASSETS Tangible assets 12 31,622 34,627 CURRENT ASSETS Debtors C8sh at bank and in hand 13 197,846 J55,375 105,846 133.098 353.221 238,944 CREDITORS Amounts f811ing due within one year 14 (30,433) (30.366) NET CURRENT ASSETS 322,788 208,578 TOTAL ASSETS LESS CURRENT LIABILITIES 354.410 243205 NET ASSETS 354.410 243,205 FUNDS Unrestricted ndS 17 354,410 243205 TOTAL FUNDS 354,410 243.205 The chaTitable con¥any is entiiled to exemption from audit under Section 4T1 of the CA)mpanies Act 2006 for the year ended 31 March 2024. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiriJ)g An audit of the financihl ststcments. Thc trustees a¢knowledg¢ their r¢sponsibilities for (a) ensuring that the charitsble ¢ompaDy keeps accounting r¢cords that wmply with Sections 386 and 387 of the Companies Act 2006 and preparing fllWleAal statements which give g true and fair view of the state of affairs of the Charitable company as at ihe end of each financial year and of its surplus or deficit for each fiJwi¢ial year in accordance with the requirements of Sections 394 and 395 and which otherwise ¢omply with the r¢quiT¢ments of thc Compantcs Art 2006 relating to fmancial statem¢nty so far as applithle to the chatitsbl¢ company. (b) These fiJ)arKial statcmenls hav¢ been audit¢d undcr the requirements of Section 145 of the Charities Act 2011. The fi 9ncial stht¢m¢nts were approved by the BoaTd of TnteeS attd authori5ed for issue i oJ.1.4............ aDd we signed on its behalf by: on P R TomliThson- Trustee The notes forni part of ihe&¢ financi41 stal¢n)¢nts Page 9
£&SH_ FIA)W STATEMENT FOR THE YEAR ENDED 2024 2023 Notes C&8h Ilows from operathig activities Cath generdted from operations 21.222 {43,976) Nd provTded by/(used in) opuating activities 21222 (43,976) Cash flows from investing i¢ththdes Purchase of tsngible fixed assets Interest received (6,000) 7,055 (3,270) 2.615 Ncl cash provided byl(used in) invc51ing activities 1.055 (65S) Change in cash and tash equlvAlents ID the reporting perlod Cash and cgsh equivalents xt the beginning of the repDrtlng period 22277 (44,631) 133,098 177,729 Casb and usb equlvalents at tbe Md of the reporting perlod 155.375 133.098 The notes forni part of these finantial slatements Page 10
Q.TES TO THE CASH FLOWIATEmENT AR EN.DED 3J.MARCH 2924 FOR THE YL. . . RECOTrICILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING A1VITIEs 2024 2023 Net In¢ome for tht reporting period {98 per the Stsi¢ment of FknanciAI Activities) Adjustrntnts for.. Deprecialion charg¢s Loss on disposal of fixed assets Interest received Increasc in debt IncTeaseJ(decrease) in crltO[S 111203 20,354 7,636 ,369 (7,055) (92.000) 67 7,539 1,812 (2,615) (10,542) (60,524) Net cAsh provlded byl(used in) operat5ons 21.222 (43,976) AN ALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 F4et c Cash at bank and in h8nd 133,098 22,277 155,375 133,098 21277 155J75 Total 133,098 22277 155.375 The note5 fonn pan vf these financial statements Pagell
P.AJLS. NOTEfiyO THE FIY4 CJAL TATE THE YEAR ENDED 31 MARCH 202 AccouNfiNG POLICIES Basis of prepArlD£ the Ilnallclal sttememts PAKS Tnt IS 8 private company limiled by guaTant¢e incoryordted in England / Wales . In the event of the charity being wound up, the liability in resp¢¢t of the guar1¢£ is limited to £1 ptr member of the charity. The address of the registered offic¢ is give in thc charity infomMtion on page l of these financial statements. nature of the chaTitys operdtions and principal activities to PTovide a quality s¢¢ for clicnts with learning difficvlties. ¢nabling th¢m lo fully inte8ratr into the Community. Thc chaTity also off¢rs day-car¢ 5avices, providing S1CtUred activities and outings for cli¢nts with kttrning diffiwlti¢s. The charity constitutes a publi¢ benefit cntity as defined by FRS 102. Th¢ financial statem¢nts have been prepared in accoTdan¢e with Accounting and Reporting by ChaTities: Staten)¢ttt of Recommended Practice applicable to chariti¢s preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Rwublic of Irclalld issued in October 2019. the FiDawial Rq)orting Standard applicable in the UDiled KingdoTn and Rcpublic of Ireland (FRS 102), the Chariti¢s Acl 2011, the C4)mpanies Art 2006 and UK Genernlly Accepted Accounting Practicc. The financial statemenis are prepaTed on a going concern basis under the historicaI ¢ost ¢onvention, modified to include certain it¢ms at fair value. The fmancial statemcnts are presented in Sterling which is the fim¢tional currency of the chlty and round¢d to the nearest £. Thc significant aw)unliDg policic5 appli¢d in the preparation of these finan¢ial s¢atemeNs are sel out below. Thcsc policics have been ¢onsistently applied lo all ycars prcs¢nled unl¢ss otherwise ststed. Income All incomin8 resources 8re in¢hKled in the Statement of Financial Aciivities (SOFA) vthen the chaTity is lega]ly entitled to the income after any trfornw]ce conditions have been meL the amount can be measured re]iably and it is probable that th¢ income will be received. For donations bc rccOgnid the clwity wJll have been nolified of the amounts and the settlement date in writin8. If there are conditions attached to th¢ donation and tbis requires a level of perf0mxce before eilIernent cgn be obt2ined Ihen iti¢ome is deferred until those conditions are fvlly met or the fulfilment of those conditions is within the control of the clwity and it is probablc that they will fvlfilled. Investment incom¢ received is in relation to bank interest received. Interest income ts r¢co8nised using tbe effedive inteT¢St rnetho Expenditurc Liabilitic5 ar¢ rcwgnised a5 expenditure as ¥oon as there is a legal or cOnStrtive obligation committing the chaTity to that txpenditure. it is probable that a transfer of economic b¢nefils will be required in sclllement and the 8mouni of the obligation ¢an be me¥ured rcliably. Expenditure is accounted for on accruals basis and has been classified under headings that aggTegate all cost related lo the category. Where costs cannot be directly attributed to particular heading& they have been •llated to activities on a basi$ ¢onsisl¢nt with the use of Tangible fixed assets Tangibl¢ fixed &8sels ar¢ stated al CO (or deemed co8t) or valuation less accumulated d¢preciation and aceurnulated impairn)ent losses. Cost includes costs direthly altsibutsble to making the asset capable of operating as inlended. Deprecialion is PTovided on all tsngible fJx¢d assets, at rates calcula*d to wrile oif the c05t. less estimated residual value, of each asset on a systematic basis over its expected usem life as follows: Leas¢hold improvements rixtures and fittings Motor VehicleA 4/0 on cosi 2511/0 on Thlu¢in¥ balance 25Yo on reducing balance Page12 ¢onlinued..
.Ks. NOTES TO THE FINANCIAL YfATKMENTl1llQ4 FOR THE YEAlLEED 31 MARCH 2024 ACCOUIYTKNG POLICIES- ¢ontlnued Tasation The Ch1 is an ¢x¢rnpt charity within the meaning of schedule 3 of th¢ Charities Aci 2011 and is consMleTed to PASS th¢ tests set iyut in PaTOgraph I Schedule 6 Fin)¢¢ A¢t 2010 and therefore it mccls the d¢finilii)n uf charitable company for UK corporation tax PU0$¢6. Fund aecounting Unrestiicted funds are available for u5¢ at ihe discretion of the IT$(eeS in fiJrther8nce of the genetal objecliv¢s of the chaiity and which have noi been designat¢d for othcT purposes. Restricted fidS aTe funds which are to be used in accordance with specific restrictions imposed by donors OT which have been rnis¢d by the ¢harity for partlcular pujposes. The co81 of raising at)d administerin8 such funds are chorged against the specific fund. The aim and use of eoch sITI¢l fid ys set oul in the notes to the financial staternents. Pensk•n ¢ost$ and other post-tttlrement benefits The thaTitable company operdt¢5 a defined contribution pension scheme. ContributioDS payable to the charitable companys pension stheme are ¢hargcd w the Statement of FiDhtici81 A¢tivities in the wiod to which they relate. DOLYATIONS AND LEGACIES 2024 2023 Donations 15,579 INVESTMENT INCOME 2024 2023 DeFKJSit account int¢Te8t 7,055 2,615 INCOME FROM CHAABLE AcfiviTIES 2024 2023 Activity Residcntial carc & suppx)rt smiiccs Fee5 receivable 1252,811 .088,450 CIIARITABLE A1VITIs COSTS Direct Costs (see note 6) Support costs (see note 7) Totalb. Residential c¢ & support s¢rvi¢es 1,156,631 7,609 1,164,240 Page 13 continued...
P.A. NOTES -.THE FINANCJAL STATEMENTS- contlnued FOR YEAR ENDED 31 MARCH 2L DIRE COSTS OF CILIRITABLE AcfIviTIES 2024 2023 Staff cosls Rates and water InsuranLe Light and heat Telephone Postage and stationery Repairs and maintenance Food and sundry residence costs Molorand trnvelling expenses Rental of equipment Pmfesyional fees and subscriptions Equipmeni lic¢n¢¢s Bank charge8 Aecountancy fees D¢preci8tion 848.106 91,435 J3,983 10.786 12,585 2,812 67,018 36.968 1,936 13,993 42,683 3.227 253 3210 7,636 818,105 89546 13,239 15.415 13.033 2,286 29.385 40,363 3.704 14,736 10,821 3,035 192 1,500 7,539 1,156,631 1,062,899 SUPPORT COSTS Fintsnc¢ osts Totals Residential care & support ]¢¢6 1,369 6.240 7,609 Support c4st4 includ¢d in the above. are as fouows: 2024 R¢sidential 2023 Total activiti¢s Loss on sale of Ig[ble fixed assets Auditors, remunerdtion 1,369 6.240 1.812 7.609 7.812 NET INCOMEI(EXPENDITi)RE) N¢t incom01(pend1tuTe) is stated &fter chargingl(crediting): 2024 2023 Auditors, r¢mimer&tion D¢precialion- owned assets Deficit on disposal of fixed assets 6,240 7,636 ,369 6.000 7,540 1,812 Page 14 continued...
PA. NOTES TO THE FJYANCIAI. STA TEMENJL- COJn.Ued FOR TH NDED_31 MARCII 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no tru$l¢es' remurfteration or other beJ)efi¢s for the year ended 31 March 2024 nor for the y¢aT ended 31 March 2023. Trn5tees' expeDSe$ There were no trustee5' expenses paid for the year ¢Thled 31 March 2024 nor for the year ended 31 March 2023. io. STAFF COSTS 2024 2023 Was¢s and salaries Social secur£ty costs Other p¢nsion costs 785.1)01 47.019 16.086 773,006 28.991 16.108 848.106 818.105 The av¢rdge Monthly number of ¢nwloyees during the yeor was as follow$: 2024 26 2023 27 Dir¢¢t chaTitable work Office aNI managerial wolk 31 32 No employees received emolumcnts in ex¢e68 of £60,000. COMPAIi4TJVL8 FOR THE STATEMEKT OF NANCIAL ACTIVITIES Unrestricled fund Restricted fund Totsl II¥COME AND ENDOWMENTS FROM Ch8Yit#ble aetlvfitles Resideniial c8re & support scrvires 1,088.450 1.088,450 knvcstment income 2,615 2,615 Totsj 1,091,065 1.091.065 EXPENDITURE ON CharltAble *¢tivltl Riden11a] care & support sVIceS 1,070,711 1.070.711 NET INCOME 20,354 5.012 20.354 TrTerS between fuDds (5.012) Net movtment In fvnds 25.366 (5,012) 20.354 RECONC]LIATION OF FUNDS Tvtaj funds broughi forward 217,839 5.012 222,851 Page 15 continued..
E$.TTHE FINANCIAL STATEMENTL. continu EQE.THE YEAR ENDED.31 MARCH 2024 ii. COMPARATJVES FOR THE STATEMENT OF FINANCIAL ACTIVIES- contlnued UnTestrict¢d Restrict¢d fund fund Totsl fun&% TOTAL FUNDS CARRIED FORWARD 243,205 243205 12. TANGIBLE FIXED ASSETS Fixturcs Leasehold improvements Motor vehicks fittitigs Totals COST At l April 2023 Additions Disposals 41.244 96J32 0.290 6.(KiO 143,866 (10,765) (10,765) At 3] March 2024 41,244 85,567 12290 139,101 DEPRECIATION Ai l April 2023 Charge fw year Eliminated on disposal 24.750 .650 81.316 3,707 (9J96) 3.173 2.279 109239 7.636 {9,396) At 31 March 2024 26,400 75,627 5.452 107,479 NET BOOK VALUE Al 31 March 2024 14,844 9.940 6,838 31,622 Al 31 ma 2023 16.494 15,016 3.117 34,627 13. DEBTORS 2024 2023 Amounts falling du¢ within one year. Trade debtOT6 Other debto PTepaym¢nts 175,913 5,551 13J67 80.559 6,892 18.395 194.831 105,846 Amounts falling due after more than one year. Other debtors 3,015 Agwgat¢ amounts 197,846 105,846 Page 16 continued...
NOTES TO THE FINAN_C_IA_L STATEMENTS- eonlSnuod EQB. IHE YUR ENDED 31 MA_RCH 2024 14. CREDITORS: AMOUTh FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credito sla] security and other taxes Pension account 13,981 9.609 6,1143 20,703 4,045 5,618 30,433 30,366 15. LEASING AGREEMENTS Mtnimum lease payments under non-can¢ellable op¢rnting l¢&se8 fall as follows: 2024 2023 WithiD one year Between one and five years 45,995 68.991 38.495 78.656 114,986 117.151 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Tota] funds 2023 Total Unrestncted Re5ttiGtrd nd Fixed assets Current ttssds Cwrenl liabilities 31,622 353,221 {30,433) 31,622 353,221 (30,433) 34,627 238,944 (30,366) 354.410 354.41 243205 17. MOVEM IN FUNDS N¢t movement in fiuMIs At 31.324 At 1.423 Unrestrleted fundi General nd 243205 111,205 354.410 TOTAL FUNDS 243,205 111.205 354.410 Net nY)vement irt funds, tncluded in th¢ above are as follows.. Incoming re$Durces Resowces exnded Movement in funds Unrestrlcted funds General fimd 1,275,445 (1,164,240> 111.205 TOTAL FUNDS 1275,445 (1.164.240) 111205 Page 17 continued...
Y40TES.TO_THE FINANCIALIATEMENTS- rontlnu¢d .THE YÉAR ENDED 31 MARC 2024 MOVEMEiYf IN FUNDS- continued 17. Comparxtives for movement in ndS Net movement tn fills Trdn$f¢rs between At 31.323 At 1.4.22 Unrestricted funda General fimd 217,839 20,354 5,012 243205 Restricted funds Gene fimd 5,012 (5,012} TOTAL FUNDS 222,851 20354 243205 Compardtive movement in funds, included in the above are as follows: Incomi resources Resourtt5 eXpded Movement in funds Unrntrlet¢d fuDd$ Gen¢Thl fimd 1,091.065 (1,070.711) 20J54 TOTAL FUNDS 1,091,065 {1,070.711) 20,354 A CUTrent year12 months and Prior year12 months combined positiijn is as follows.. Net movwnenl in fimds Transfers between fiwds At 31.3.24 Ai 1.4.22 Unrestrltted fllndy GeneTrl fimd 217.839 131,559 5,012 354,410 Restrirted lunds General fund 5,012 (5.OJ2) TOTAL FUNDS 222,851 131.559 354,410 A currenl year 12 months and prior year 12 month& combined net DVement in funds, included in the above are as follows: Incoming Resources expended Movement in funds UDrestricted funds Genernl fvnd 2,366.510 (2,234,951) 131,559 TOTAL FUNDS 2.366.510 (2,234,951) 131.559 Page 18 continued...
PA NOI'ES TO THE. FD¥ IAL STAT.EMENTS- continu&d FOR THE.YEAR ENDED 3J MAR£U2QU 18. RELATED PARTY DISCLOSURES There wer¢ no related paTty transactions for the yellr ended 31 March 2024. Page 19
A.KS. D_ETA_ILED STATEMENT OF FIN . NC.JAL ACllV.I.TIJE ER THE YEA_R ENDED_3_1 MA.RCH 2024 2024 2023 INCOME AND ENDOWMEIYTS Dona¢Sons and legacles Donations 15,579 Investlnent incA>me D¢posit account interest 7,L155 2,615 Charitabk aCtIleS Fees reccivablc .252,811 1.088.450 Total Intoming resourtes 1,275.445 1.091.065 EXPENDtTURE Charlt4ble aeddeS Wageb and agen staff Social s¢curity P¢nsions Ratss and wat¢r Insurnncc Light and heal Telephone Postage and staiionery Repairs dnd mainlenance Food and sundry Tesid¢n¢e costs Motor and trdvelling expenses Renlal of equipment Professional fees and subsoiptions Equipme7]t licences Bank charges A¢¢ountancy fees I)epclatT0 of tsngible fixed ets 785.001 47.019 16,086 91,435 13.983 10,786 12,585 2,812 67.018 36,968 1,936 13,993 42.683 3,227 253 3,210 7,636 773.006 28,991 16,108 89.546 13239 15,415 13.033 2,286 29J85 40.363 3.704 14.736 IlJ.821 3,035 192 ,500 7,539 1.156.631 1,062.899 Support costs Flnanee Loss on Te of tangible fued assets l J69 1,812 GoveTnaDC¢ costs AudiloTS' Temuneration 6.240 6.000 Totsl resources expende 1.164,240 1,070,711 Incon)e 111.205 20,354 This page does noi fonn part of ihe statOry financial slatemenls Page 20