Charity registration number 1014894 Company registsation number 02733145 (England and Walesl CASTLE SUPPORTED LIVING LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 'ACVFZLKA* 25101r2024 COklPANIES H(KJSE 'Acixwz• 2211212023 COIAPANIES HCLISE 214 A18
CASTLE SUPPORTED LIVING LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA ClaTke Mr M G Haworth Mr P Hopwood Mrs P Howarth Mrs L Parrott Senlor Management Ms D 0'8rien- Registered Manager Charity number 1014894 Company number 02733145 Registered office 3 Casuegate Clitheroe Lancashire BB7 1AZ Auditor Smith & Goulding Limited 2 Southport Road Chortey Lancashire PR7 1LB Bankers Lloyds TSB Bank pk 5 Hargreaves Street Burnley Lancashire BB11 1EN HSBC plc 49a Fishergate Preston Lancashire PR1 8BQ
CASTLE SUPPORTED LIVING LIMITED CONTENTS Page Trustees. report Slalement of Iru5tees' responsibilities Independent audilorfs rerx)rt Slalement of financi81 actmkn.es Slalement of financial position 11 Stslement of cash fk)ws 10 Notes to the financial stslemenls 12-20
CASTLE SUPPORTED LIVING LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Iruslees present their annual report and financial statements for the year ended 31 March 2023. The ac¢ounls have been prepared in accordance with the accounling poliaes sel cth in note 2 to the accounts and comply with the charity's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended PTactu applicable to chanties preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021 (effective 1 January 20191" Objectives ind activities The CharitS principal object 15 to provide domiuliary care. training and suppx)rt f(¥ persons wilh leaming difficulties in the district of the Ribble Valley. There has been no change in the oty'eclives during the year. Casfje Supported Liwng provides support workets to asgst clients wilh personal care, household tssks and social activits'es. Support workers are ¢areftJlly chosen and matched wrth ¢Ints tr) ensure that there is gc*)d compatibility behween the br40 and that they have sufficient training and experience to meet the client's specific needs. The iTUStees have paid due ard to guidance issued by the Charty Commission in deciding what activities the charrty should undertake. Castle Supported Living is a Registered Charity which provides support for adutts with leamin9 aTrJ other disabilities to enable them to live independently in their own homes. It manages Ihe fvnding provided mainly through the Lancashire County Council Supported Living Framework lo arrange. develop and maintain personal care plans for those we sUPPOrt. Castle Supported Living is man8ged by a board of 5 Trustees who volunteer their lime lo sit on the Board ol Directors. attending regular meetings They work closely wlh Mana9ement to oversee the strategic direction, policy reviews and development, and the security of Ihe business rAan of the Charity. They liaise frequently with staff, participate in recruitment and offei ongoing support.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and perforniance Award Castle Supported Living Limited was proud to be nominated for the RVBA 2023. and win the Woikforce DevelopmentAward. Recruitment Casue Supported Livin9 Limited have maintsined a slroThJ workfrxce arKI wntinue to have a steady flow of job applicants without the need to adverbse. Events Post Covid il has been a pleasure once again lo have Quality, Social and Celebratory events. These have been very well r1Ved by the people vo supwrt. familEes and staff. Values We have refreshed our cornpany values. strengthening the indusifj) of £HOICE. ACTION. £UPPORT, TEAMWORK LOCAL. EVERYONE...in everyday wa¢b. Covid pandemic The continued pandemic and governmenl guidance has meant different ways of wothing wtt)in social care. There has been a strong emphasi5 rebuilding wk wactices. ctsffidence. and opportunities for dl connecte(I th Castle. Office move In June 2021 the company moved to larger office PTemises that weie needed lo maintsin safe and effective working as a consequence of the pandemic and to support future use of the Offi space as a In"endly productive hub. strategic Review A review t¢)ok place lo determine the fiJture scopè of business aff8MentS for the organisation. There was an agreement lo focus on the Ribble Valley area and to concentrate predominantly on Supported Living seNices and person-cenlred support. Bu$lne$s Contracts Decisions were taken lo change some of the existing wtrads al Castte Supported Living. Castle was successful in secunng a place on the sUpted Housing Framework with Lancashire County Council. Work is underway lo submtt an application for the new Living Well Framework with Lancashire County Council. Castle retains 3 privately arranged contracts wrth individuals. Castle's plan is lo look lo small scale expanOn wthhin the Ribble Valley. and secure new contrac*s which compliment the business model.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Workforce Following on from the rewew and business changes a period of cons01latiOn took place. This involved redeplowng slaff affeeted by the ¢hanges and organising person centre¢J matching arrangements wth people we support. The team has continued to commit strongly to VrkfOrCe development in the period. Key Initiatives include: Moving & Handling 'train the trainer. wnpleled. Values Based Recrurtment has bwi completed by key managersladministralors Leadership Training is underway, lo strengthen succe55ion plann1r. A new and imwoved on-c811 system has been developed. In-house basic life support training 15 being imF4emented. Flnance Adhering lo the guidance for safe piaclice within U)e pandemic affected the finarrial platlom for the organisation. Several staff were furloughed. wages were met re Covid related abseeS and there were several adéilional costs lo maintain business arrangements. Government rdaled funds were accessed lo help offset the ffnanci81 pressures. There have been extemal pressures on the financial bLet. Maintaining employment rights and upholding best work practicelstaff wellbeing has been a signfficant financial issue during the year. Upholding government requirements for COVID and holiday arrangements have also had implications fc* budgetary management. Technology This period saw a huge shift in the use of lechndDJy ano digrtal development for a range of slaff and people we supp¢yt Examples include inueased digital training. also recrurtmenl and indudion processes. Accessing meeting5 digilalty for staff and people we support RevIen9 the use of technology-based equipment lo enctyjrage independence for people we support Updats'ng office systems wrfh a more digilal focus. Castle has identified a Digital Champion. Systems and processes were updated for shared arrangements. Partnershlp Worklng Castle has throughout this period m8inlained strong partnerships local businesses lo be effective in service delivery. The company was very proud lo feature twice in a Skills For Care nab.onal document 'An introduction to working with Partnets- a Pfaclical guide for Social Care managers,.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Financial review During the year endeé 31 March 2023 Caslle Supported Lwing generated Irne of £1.038.21812022.' £1.219.655} primarily from Ihe payment for delivering services to ¢lienls. The largest funding provider is Lan¢ashire Cgunty Council Income includes £10,712 in infection control grants fiom Lancashire County Council. Expenditure during Ihg year lo 31 March 2023 was £1,160,420 {2022.' £1.207.1871. The overall result for the year was a deficit on unrestricted funds of £122,202 12022.. surplus of £18.4681. The balanee of general unrestrided fijnds at 31 March 2023 was £211.989. Restricted funding of £10.712 was received in the year lo 31 March 20223 This fundinws fully applied ¢Yuring the year. It is the policy of the charty that unrestricted funds which have not been designated for a specific use should be maintained at a level eqvivalenl lo between three and six rnonth's expenditure. The Iruslees consider that reserves al this level will ensure thal. in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideralion is given to ways in whi¢h add(b"onal fvnds may be raise<l. This level of reserves has been maintained throughoLrt the year. Ouring the prevrous year a review of the payroll and how employees were paid revealed an armalY regarding holiday pay which required the charity to make an additional payment lo several staff members.The amount paid was £32,339. Risk management The Iruslees have assessed the major risks to which the charity is expose(l. in particular those related lo the operations and finances of the organisation, and are satisfied that systems and procedures are in plxe to mitigate exposure to the major risks. Structure, governance and management The charity is a company limited by guarantee, incorwrated on 21 July 1992 and registered as a ch8rity on 23 October 1992. The company was established under a Memorandum of Association which established th? obj'ects and powers of the ¢haritstde company an(J is governed under ils Articles ofAssouabon. The trustees. who are also the directors for the purpose of company law, and who served Ouring the year were.. MrA Clarke Mr M G Haworth Mr P Hopwood Mrs P Howarth Mrs L Parrott Mrs S Wallis (Resigned 31 October 20221 None of the trustees has any beneficial intefest in the company. Al of the trustees are members of the company and guarantee to conlribute £1 in the event of a winding up. Method of appointment of trustees The Bo8id of Trustees is responsib for the overall management and control of the charity, workin9 Wth the Manager and senior staff on slralegic and operational development. Tnjstees are COTrOPted from local people whL) are sympathetic to the charity's objectives- usually after attending Management Committee meetings over a period of time that is SLrfieienl lo provide a fvll insight into the activities of the charity.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Oryanisational structure and declslon maklng The charity emoyed an average of 64 staff during the year. of whi¢h all bul 7 were employed to provide direct support lo the chanty's clients. The olher 7 prowde management and administrative SUPFK)rt in order lo meet the charitable objectNes of the charty. Decisions on the (lay to day operation of the charity are taken by the Manager and senior colleagues. Trustees meet regularly and receive detailed repts aThJ financ¢al information for those Tneelings. The trustees have regard to the Chanty Commission's guidance on pU1C benefft in rnanaging the charity. Audltor In accordance with the companYs articles, a resolulion proposing that Smith & Goulding Limrted be reappointed as auditor of the Company will be pul at a General Meeb"ng. The trustees. report was approved ty the Board of Truslees and signed on its behalf by.. Mrs P Howarth Trustee
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The trustees. who are also the directors of Castte Supported LiviThJ Limrted lor the purpose of company law, are responsible for preparing the Trustees. Report and the finanal statements in accordance wth applicable law and United Kingdom Accountj'ng Standards {United Kingdom General1yApte4 Accwntsng Praclicel. Company Law requires the Irustees to prepare financial statements for eath finanaal year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and applicats.on of resources. including the income and expenditure, of the chanlable company foi that year. In preparing these financial slalemenls, the trustees are required to.. - select suitable accountiThJ polictes and then appty them consistentl. - observe the melhods and prinaples in the Charities SORP-. make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accounting Slandar(ls have been followed. subject lo any material departures ¢Jisclosed and explained in the financial statements". and prepare the financial statements on the gow concern basis Lmtess it is inappropriate to presurrE that thè charity ill continue in operation. The trustees a responsible for keepng &lequate accountsng records that disdose with reason8ble accuracy at any time the financial position of the Charity and enable them lo ensure that the financial ststemenls ¢omply with the Companies Acl 2006. They are also responsible for safeguarding the assets of Ihe Charity and hence for taking reasonable steps for the prevention and detectiorb of traud and other irregularib"8s.
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED Opinion We have audited the finartual statements of Castle Supported Living Limrted (the 'charily'l for the year ended 31 March 2023 which comprise the slalement of financial ath"vrties, the ststemenl of financial position, the stslemenl ol cash flows an¢ notes to the financial slalements. including signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reportin9 Slandard applicablg in the UK and Republic ol Ireland (Uniled Kingdom Generally ACpted Accounts'ng Practice). In our opinion. the financial statements.. give 8 true and fair view of the state of the ch8ritable company's affairs as at 31 March 2023 and of ils incoming resource5 and applKalion of sourCes. for Ihe year then en¢Jed". have been properly prepared in a¢coidance with United Kingdom Generally Accepted Accounting Practi.. and have been prepared in accordance writh the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with Intemational Slandards on Auditing IUKI {ISAs IUKII and appliCae law. Our responsibilities under those standards are fiJrther described in the Auditorfs Trsponsibilrfies for the audit ol the financi81 statements section of our report. We are independent of the charity in accordance with the ethical requirements Ihal are relevant to ¢JJf 8udit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilrtie5 in aeeoroance wlh these requirements. We believe that the audit evidence we have oblained is sufficienl and appropnate lo provide a basis for our opinion. oneiu41Oil* relating to golng concern In audrting the financial statefflents, we have conduded that the trustees. use of the going concem basis of accounting in the preparation of the financial ststemenls is appropriate. Based on the work we have performed. we have not identffied any material uncertainties relating to events or conditions that, individually or collectively, may cast signfficant doubt on the charity's ability to continue as a 90ing concern fof a riDd of at least tsvelve months from when the financial ststemenls are authorised for issue. Our responsibilities 8nLY the responsibilibes of the trustees vAth SpeCI to going con¢ern are described in the relevant sections of this report. other information The other infomalion comprises the infomiation induded in the annual report other than the finalla1 slalemenls 8nd our auditor's report theon. The Iruslees are responsible for the other infom)ation contained within the annual report. Our opinion on the financial slalemenls does not cover the olher infomalion and we do not express any form of assurance conclusion thereon. Our responsibility is to read the olher information and, in doing so. consider whether the other information is materially inconsislenl wth the financial stalemenls or our knowledge obtained in the course of the audit, or othewse appears to be materially misstated. If we idenb.fy such material inconsistencies or apparent malefial mis5talernents. we are required lo determine whether this gives rise to 8 material rnisslalemenl in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misslalemenl of thi5 other informab"on. we are required to report that fact. have nothing lo report in this regar(J. Matters on whlch we are required to report by exception We have nothing lo report in respect of the follwng matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf. in our opinion". the infomiation given in the finanaal statements is inconwslenl in any material respect wth the trustees. port," or sufficient accounting records have not been kept." or the financial slalements a not in agreement wrth the accounting records., or we have nol reIVed all Ihe infomiation and explanations we require for our audit
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED Responsibilitiey of trustees As explaine(J mofe fulty in the slalement of Iruslees. fesponsibilrties. Ihe trustees, who are also the direciors of the charity for the purpose of company law, are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view. and for such internal ¢onliol as the truslees determine is necessary lo enable the preparation of financial stalements Ihal are free from material misstatement, whelher due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability lo continue as a going concem. disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease operats"ons. or have no realists"c aMem8bve bul lo do so. Auditor's responslbllifjes for the audit of the financial statements We have been appointed as auditor under secb'on 144 of the Charrties Acl 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo oblain reasonable assurance about whether the financial statements as a whole are free from material misst8tement, whether due lo fraud or error, and to issue an audilorfs port that Indudes our opinion. Re850nable assurance is a high level of assurance but is not a guarantee that an audil condu¢led in accordance with ISAS IUKI will always detect a material misstement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the bS of these finanaal statements. The extent lo which our procedures are ¢8pable of detecting irregulafilies, indLbJing fraud. is detailed below. A further descripti of cJr responsibilrties is av8i18ble on the Finanual Rep(Nting Counul's webstte at.. https'.11 www.frc.org.uklauditorsresponsibilities. I his aescripllon form5 Pdil ul uui 4LBJilui') re¥Jvrt. Use of our report This report is made solely lo the charitls trustees. as a trx)dy, in accordance th part 4 of the Charities IA¢counts and Reports) Regulations 2008. Our audil work has been undertaken so that we might state lo the charity's Iru51ees those matters we are required to state to them in an avditorfs report and for no other purpose. To the fulle51 extent permitted by law, we do not accept or assume re5pon5ibility lo anyone other than the charty and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have fomied. Kieran Brophy ACA (Senior Statutory Auditor) for and on behalf of Srni¢h & Goulding Limited J9 beLMkn Chartered Accountants Statutory Auditor 2 Southport Road Chorley Lancashire PR7 1LB Smith & Goulding Limited Is digible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under seth.on 1212 of the CompaniesAct 20C6.
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Restricted funds funds 2023 2023 Total Unre5trlcted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Charitable aclivilies Investments 1.027.048 443 10.712 1.037.760 443 1,193.220 30 26.405 1,219,625 30 Total income 1.027.491 10.712 1.038,203 1.193.250 26.405 1,219,655 Charitable aclivitses 1.149.707 10,712 1.160,419 1,174,782 32.405 1,207,187 Net incomellexpenditurel and movement in funds 1122.2161 1122,216) 18.468 {6.0001 12,468 Reconciliation of funds: Fund balan$ at 1 April 2022 334.191 334,191 315.723 6,000 321.723 Fund balan¢es at 31 Mar¢h 2023 211.975 211.975 334.191 334,191 The slalement of fin8nci81 activrties includes all gains arKI losses wognised in the year. All inwme and expenditure derive from continuing actiwbes.
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operating •ctivibes Cash (absorbed byllgeneraled from operations 16 1122,770) 30,539 Investing activities Purchase of tangible fixed assets Investment income iecewe(J 119.1631 443 Ngt ¢ash generated fromllused in) investing activities 443 {19,1331 Net cash used in financing actfvIes Net {de¢rease)fincrease in ¢a$h and Cash equivalents 1122,327) 11,406 Cash and cash equNalents al beginning of year 324,271 312,865 Cash and cash equivalents at end of year 201,944 324,271 10-
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL POSITION ASAT31 MARCH2023 2023 2022 Flxed assets Tangible assets 11 13,068 17,423 Current assets Deblo Cash at bank and in hand 12 20.150 201.944 17,867 324,271 222,094 342,138 Creditors: amounts falling due within one year 13 (23.187} 125,3701 Nel ¢urrenl assets 198.907 316,768 Total assets les$ current liabilities 211,975 334,191 Income funds Unreslncted funds 211.975 334.191 211.975 334,191 The company is entslled lo the exeMPtic from the audit requirement conlainecj in seclion 477 of the Companies Act 2006, for the year ended 31 March 2023, although an audrt has been ¢xrried out sectr)n 144 ofthe Charities Act 2031. The Irustees acknowledge their responsibilities for ensuring th* the charity keeps a¢UntIng records which comply with section 386 of the Act and for prepanng accounts which give a true and fair view of Ihe slate of affairs of the company as al the end of the financial year and of ils incoming resources and applicats.on of resources, including its income and expenditure, foi the firbancial year in accordance with the requirements of 5eclion5 394 and 395 an¢J which otherwise Comply wlh the qUIrementS of the Companies Act 2006 relating to accounts. so far as applicable to the ¢ompany. These finanaal slalemenls have been prepared in a¢[dance wth the provisions applicable lo companies subje lo Ihe small ¢ompanies regime. The financial slalements were approved by the Trustees on . Mrs P Howarth Trustee Company Registration No. 02733145 11
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL POSITION ICONTINUED) ASAT31 MARCH2023 Criti¢al accounting estimates and judgements In the application of the charity's accountsng poliaes, the trustees are required lo make judgements, estimates and assumptions about the carying amount of assets and liabilits.es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical exrienCe and other factors that are considered to be relevant. Actual results may dfftei from these esbmales. The estimates and undertying assumpts.ons are reviewed on an ongoing basis. Revisions lo accounting estimates are recogni5ed in the period in which the esb.mate is ViSed where the revision affects txly that period, or in Ihe period of the fewsion a1 futu periods where the revision affects both CLJrrent and ftjlure periods. Accounting policie$ Company information Castle Supported Living Limited is a piivale company lirnited by guarantee incorporated in England and Wales. The gIstered office is 43a Moor Lane. Clitheroe. Lancashire, 887 IBE. 11 is also registeied with the Charity Commission in England and Vwdles. 2.1 Accounting convention These accounts have been prepared in accordan with FRS 102 "The Finanaal Reporting Standard applicable in the UK and Republic of Ireland" fFRS 102.1. 'Accounling and Reporting by Charities. the Statement of Recommended Practice for chpntses applying FR8 ln? Ihp f.nmpanig5 Aci 2006., tho Choriti"e Act 2011 and UK Generally Accepted Accounting Prxtice as rt applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are piepared in sleding, whTrch is the fvnclional Curren of Ihe charity. Monetary amounts in these financial ststemenls are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention, Imodified lo include the revaluation of freehold properties and to include inveslment properties and certain financial instruments al lair Valuel. The prinapal accounting poliaes adopted are set out below. 2.2 Golng concern Al the ts'me of approving the financial statements. the trustees have a reasonable expectslion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus Ihe trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 2.3 Charitable funds Unrestricted funds are availatrAe for use at the dtscretion of the trustees in furtherance of their charitable objedives. Restricted funds are subjecl to specific conditions by donors or grantors as to how they may k used. The purposes and uses of the restricted funds are set out in the rKJtes to the finaneial slalements. Endowment fvnds are subject lo speciffic conditions by donors that the eapitsl musl be maintained by the charity. 2.4 Incomlng resources Income is recognised when the charty is legally enb'tled lo il after any perfomiance conditions have been mel, the amounts can be measured lIablY, and il is probable th* income will be received. Cash donations are recognised on receipt. Olher donations are recognised once the charTty has been notified of the donation, unless perfomance conditions requFre deferral of the amount. Income tsx ¢c1verable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. 12-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {Conllnuedl 2.5 Resource5 expended Expenditure is recognised once there is a legal or constructtve obligation to transfer economic benefit to third paty, it is probable that a transfer of econofflic benefits wll be required in settlement, and the amount of the obligation can be measured reliabty. Expenditu is classified by acbvity. The Costs of each activty are made up of the lotsl of direct cost5 and shared Costs. including support costs involved in undertaking each acts'vrty. Direct cost5 attnbutatre to a single activity are allocated directly to that activity. Shared cost5 %thich contribute to more than one actwty and Support costs which are not attributable to a single actiwty a apportioned behveen those activities on a b8S1S consistent with the use of resources. Central stsff costs a allocate(J on the basis of tsme spent, and depreciation charges are allocated on the portion of the asseys use. Expenditure is recognised ce there is a legal or construcbve obligation to make payment lo a third party. il is probable that settlement wll bg Uired and the amount of the obligation can be measured reliably. All expenditure is accounted for on an a¢cruals basis. All expenses irKluding support costs and governance costs are allocated to the applicable expenditure headings. Charitable expenditu Comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Fundraising costs are Ihose incurred in seèking voluntary contributions and do not indude the cos15 of di55emin81ing informalion in support of the eharilable actTVrties. Support costs are Ih05e costs incurred directly in support of expenditu on the objects of the Charity and include project management Carried at the the regislere<l office. Govemance costs are those incurred in connection wth the administration of Ihe charity and compliance with conststutional and statuw requirements. Expenditure includes any VAT whith cannot be lully recovwed. as part of the expenditure lo which it relates. 2.6 Tangible fix8d assets Tangible fixed assets ace inrtially measured al cost and SubSequenY measufed at cost or valuation, net of depreciation and any impaimienl losses. Depreciation is recognised so as to write off the Cost or valuaty.on of assets less their residual values over their useful lives on the following bases.. Fixtures. fittings and equipment 25% redNIg balance The gain or loss arising on the ¢Jisposal of an asset is detemined as Ihe difference befven the sale proceeds and the caryin9 value of the asset, and is Tecognised in the statement of financial activitie8. 2.7 Impairment of fixed a55ets Al each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the e0Verable amtyjnt of the asset is estimated in cfder to detemiine the extent of the impairment loss lif 8nyl. 13-
44 CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continuedl Recove¥able amount is the higher of fair value less $t$ to sell and value in use. In a55e5sing value in use, the estimated future cash Ilows are discounted to their present value using a pre-tsx discount rale that reflects cufrenl market assessments of the b.me value of money and the risks specifi¢ lo the asset for whKh the eslimale5 of future cash flows have not teen adjusted. If the recoverable amount of an asset is estimated to be less than ils caryng amount. the carrying amount of the asset is reduced lo its recoverable amount An impaimient loss is recognised imnediately in incomel (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is Irealed as a ievalualion decrease. Recognised impaim)ent losses are reversed if. and only rf, the aSOnS lor the impairment loss have ¢eased lo apply. VWere an impaimient loss subsequently reverses. the carrying amount of the assel is increased lo the revised estimate of its recoverable amount, bul so that the increased carrying amount does not exed the carrying amount that would have been delem)ined had no impairrnent 1055 been recognised for the a5sel in PfiDr years. A reversal of an Impairment loss is recogrbiseLI imme(Jialely, unless the ielevanl asset is carrièd in at a revalued amount, in which case rewsal of the impairment loss is treated as a revaluatDn increase. 2.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposrts held at call vthh banks. other shOrleYM liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilrties. 2.9 Financial instruments The ¢hafity has elected lo awy the pyovisions of Seetion 11 '88sic Financial Instruments. and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of rts financial instruments. Financial instruments are recogni5ed in the chant$ balance sheet when the charity becomes party to the ¢ontra¢lual provisK)ns of the instrument. Financial assets and liabilities are offset, wth the nel amounts presented in the financial slatemenls, ¥then there is a legally enforceable nght lo set off the recognised amounts and there Is an intents.on lo settle on a net b8$i5 or lo realise the asset and settle the liabilrty simultaneously. Basic financial assets Basic financial assets. vthich indude debtors a1 cash and bank balances, are initially measured at Ir8nsaction price including transaction cosls and are subsequently carried at amort15ed cost using the effective interest method unle55 the arrangement constitutes a financing transaction. where the transaction is measured 81 the present value of the futuie receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amoits"sed. Basi¢ financial liabilities Basic financial liabilib'es. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a frnancing transaction. where the debt instrufflent is measured at the present value of the future rIPtS discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amort¢'sed. Debt instrumènts are subsequently earned at amoth.sed cost. using the effective interest rale method. Trade creditors are obligations lo pay for goods or servi5 that have been acquired in the ordinary course of operalions from 5upplier5. Amounts payable are classthed as current liabilrties rf payment is due within one year or less. If not, they are psented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequendy measured al amorti5ed cost using the effects.ve interest method. 14-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Icontlnuedl Derecognition of financial liabilities Financial liabilities are derecognised en the charity's contrathwl otligations expire cf are distharged or cancelled. 2.10 Employee benofits The cost of any unused holi¢J8y entrfement is reeognised in the period in which the employee's services are rèc*ved. Termination benefits are recognised immediately as an expense when the charity is demonstrably committe lo terminate the employment of an employee or to provide temiinalion beneffts. Income frorn charitable activitles 2023 2022 ReiVed from tenants Housing benefit LCC support Grants received Other income 13.402 55.084 956.595 12.679 3,984 5D.134 1.090,918 54.802 19.787 1.037.760 1,219,625 Analysis by lund Unrestricted funds Restricted funds 1,027,048 10,712 1,037,760 For the year ended 31 March 2022 Unrestricted funds Restricted funds 1.193,220 26,405 1,219,625 Investment income 2023 2022 Bank inlerest 443 30 15-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 ExpendI¥e on charttable activities 2023 2D22 staff costs Depreciation and impaimienl Agenw staff Training costs Rent Council tax House expenditu Insurance Repairs and maintenance Printing, poslage and stationery Telephone Compuler running costs Travelling expenses Sundry expenses Bank charges Covid 19 ¢osls 1.027,257 4,356 344 7,640 42,990 5,676 22.435 6,164 3,072 2,S37 8,370 3,534 224 7,274 320 3.680 1,C62,564 5,807 4S,679 5.020 31.312 6.136 14.794 6.033 3.879 4.303 8,124 2,472 293 2,458 247 1,053 1.145,955 1,201,176 Share of govemance costs (see note 6} 14.464 6,011 1,160,419 1,207,187 Analysis by fund Unrestricled funds Restricted funds 1,149.707 1.174.782 10,712 32.40S 1,160,419 1,207.187 For the yeai ended 31 MaTch 2022 Unreslricled funds Restricted funds 1.174,782 32,405 1.207,187 16-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Govemance Costs ¢o$ts 2023 2022 Audrt fees Aecountancy Legal and wofessional 2.520 1,323 10,621 2.520 1.323 10.621 2,394 1,260 2,357 14.464 14,464 8,011 Analysed t*N¥een Charitable aclivilies 14.464 14,464 6,011 AudStor's remunerntlon The anatysis of auditorfs remuneration is as follows= Fees payabl• to the company's auditor and associatss: 2023 2022 Audit of the charitsble compan$ annual accounts 2,520 2,394 Non-audit seNlces Preparab'on of the charitable compan5 annual accounts 1,300 1,260 Trustees None of the Irustees lor any persons connected wrth them) received any MUneration, benefits or reimbursement of expenses from the charity during the ojrrent Of Preceding year. 17-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Employees Mumber of employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Management and administfation Support workers 57 57 64 Employmgnt costs 2023 2022 Wages and salaries Social security costs Other pension costs 907,911 65,632 19,928 973,353 67.559 21,652 993,471 1,062,564 The total remuneration foi key managemenl perscfinel was £59.368 {2022.' £55.5761. which is included within the employment costs analysed above. There were no employees whose annual remuneration was £60.OCKI or more. 10 Taxation The charity is exempl from laxalion on ils actsvities because all ts income 15 apled for charitable purwses. 11 Tangible f•xed a55ets Fixtures, fittings and equipment Cost At 1 April 2022 30,946 At 31 March 2023 30,946 Depreciation and impaimient At 1 April 2022 Depreciation charged in the year 13,522 4,356 At 31 March 2023 17,878 Carrying amount At 31 Mah 2023 13,068 At 31 March 2022 17,423 18-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Debtors 2023 2022 Amounts falling due withln one year. Trade debtors Prepayments and accrued income 16,592 3,558 12,801 5,068 20,150 17,867 13 Credftors: amounts falllng duo Within one year 2023 2022 Other laxats.on and sctial security Accruals and deferred income 16,165 7.022 16,252 9.118 23.187 25,370 14 Unrestricted funds The unrestricted fiJnds of the chaiity comprise the unexpended balances of donatK•ns and grants which are not subject to specific condition5 by donors and gianlors as to how they may be used. These include desi9naled funds whith have been set aside out of unrestricted funds by the Iruslees for Splf1¢ purposes. At 1 April 2022 Incoming resouKe$ Resources At 31 March expendod 2023 General ftjnds 334.191 1.027.491 {1,149,7071 211,975 Previous year: At 1 April 2021 Incoming resources Resources At 31 March expended 2022 General funds 315.723 1.193,250 (1,174,782) 334,191 15 Related party transactions No guarantees have been given or received. 19-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Related party transactions (Continued) There have been disclosable related party trdnsactions duriThJ the year ended 31 March 2023 12022.. one). 16 Cash generated from oporalions 2023 2022 IDeficilllsurpus for the year (122.217) 12,468 Adjuslments for. Investment income recognised in statement of financial actsvrties Depreciali(In a1 impaimienl of tangible fixed assets 1443) 4.356 130) 5,807 Movements in working caprtal.. {Increaselldeca5e in debtors {Decreasel in creditors 12.2831 12,1831 14,761 12,467) Cash (absorbed byllgenerated from operations (122,770) 30,539 17 Analysis of changes in net fvnds The charity had no materi81 debt during the year.