Charity reglstratlon number 1014894 Company reglstratlon numbor 02733q45 (England and Wales) CASTLE SUPPORTED LIVING LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CASTLE SUPPORTED LIVING LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr P Hopwood Mrs P Howarth Mrs L Pafrott Senior Management Ms D O'8rien - Règistered Manager Charlty number 1014894 Company number 02733145 Roglstered office 3 Castlegate Clitheroe Lancashire BB7 1AZ Auditor Smith & Goulding Llmited 2 Southport Road Chorley Lancashlre PR7 1LB Bankers Lloyds TSB Bank plc 5 Hargreaves Street Bumley Lancashire BB111EN HSBC pl¢ 49a Flshergate Preston Lancashire PR188Q
CASTLE SUPPORTED LIVING LIMITED CONTENTS Page Trustees. report Statement of trustees, responsibilities Independent auditor's report Statement of financial activities Staternent of cash llows Statement of financial position 10 Notes to the financial ststements 11-19
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The truslees pent their annual report and financial statements for the year ended 31 March 2024. The accounts have beén prèpared in accordan with the accounting policles set out in note 2 to the accounts and comply wlth the charitls goveming document. the Companl8s Act 2006 and 'Accounling and Reporting by Charfti8s: Slatem8nt of Recommended Praetlcè applicable to charities preparing their aecounls in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectives and adiviti08 The charity's prlncipal object is to provide domiciliary caro. trainlng and support for petsons vAth learning difficulties in the district of the Ribble Valley. Theré has bè8n no change in the objectives during the year. Casue Supported Living provides support workers to assist Clients wlth personal care. household tasks and so¢ial aclivilies. Support workers are carefully chosen and matched wlth clfents to ensure that there Is good compatlbilty tween the Iwo and that they have sufficient training and experience to meet the client's specific needs. Public benefft The trustees have paid due regard to guidance issued by the Charity CommlssEon in deciding what activities the charity should undertake. A¢tlvKles Castle Supported Living is a Registered Charlty which provides support for adults with leamlng and other disabilities to enable them to live independently in their own homes. Ca$U8 is r8glslered wlth the Care Qualty Commission.11 manages the funding provlded mainly through the Lancashire County Council Supported Llvlng Framework. The company operales in Ihe Ribble Valley to arrange. develop and maintsin qualFty person centred support .working in partnership to enable the best business praclice. Castle Supported Llving Llmlted has rating of outstanding wilh coc. Castl8 Supported Living is managed by a board of 3 Trustees who volunteer Ihelr Ilme to sit on the Board of Directors. attending regular meetings. They work closaly with Management to oversee the strateglc direction, policy reviews and developmènt, and the security of the business plan of the Charity. They Ilalse frequently wSth staff. partlclpate in recruitment and offer ongolng support.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievemonts and p•rforman¢g Significant activities and achievements ag81nst objedives Events - it has been a pleasure once again to have Qualty, Social and Celebratory events. These have been very wèll received by the people we support. families and staff. A successful 30 year celebration was held. It was attended by people connected to Caslle and wider networkslloGal dignitaries Values - Choice. Adion. Support. Teamwork, Local Involvement and Induding everyone at all timès. are Castles core values Recrultment- Castle malntalns a strong workforce. In 2023 Castle V)n the RVBA Workforce Development Award Data- The Data Security and Protection toolkit has been completed and standard5 met Business Contra¢ts - Casde secured on th8 LCC Supported Houslng Framework and the transltlon to that is ongoing. An application to LCC for Induslon In the Llvlng Well Framework has been successful. Castle retains 3 privately arranged contracts. Workforce - An ongoing review of StrUdU is taking place to meet changed income streams. There has been supported additional training in Business Admlnistrauon. Champlons Roles. Leadership and the Oliver McGowan training, The team remains strongly committed to Worklorce Development and has signed up to a new Employee Assistance Scheme Finance- Adjustments to reduction in income. cosl savlng Ideas have been Implemented: while extemal preSsUS on thè budget (National Minimum Wage, Employment Requirements) continued. r•chnology- Options for grants have been explored in laun¢hlng digital developments. Also options for the most suitsblB Digital Records Systems have been researched Partnershlp Worklng - There are strong partnerships with local businesses whi¢h helps in effective servlce delivery. The MpanY has featured in 'Skills for Care, natlonal documents. Arrangements with Housing Support Partners arè belng revlewed. There is parllclpation in a Crisis Support Projed with a Provlder Partner and extensive multi agency working. Finally, everyone involved in Castle deserves praise and re¢ognition for their continuing efforts in providing an Important service for people wl)o are vulnerable in society. Financial reviow During the year ended 31 March 2024 Castle Supported Living gènerated income of £1.077.211 (2023: £1.038.218) primarity from the payment for delivering sèNlces to clients. The largest funding provider 15 Lancashire County Council. Expenditure durlng the year to 31 March 2024 was £1.118.108 (2023: £1,160.420). The overall result for the year was a deficit on unr8strided lunds of £40.897 {2023: deficit of £122,202). The balance of general unrestricted funds at 31 March 2024 was £171.078. ReseNes policy h is the policy of the charity that unrestricted funds vthi¢h havé nol been deslgnated for a specific use should be maintsined at a level equivalent to belween three and six month's expenditure. The trustees consider that reserves at this level will ensure that, In the event of a significant drop in fundin9. they will be able to continue the ¢harftYs current activities while consideration is given to ways in whi¢h additional funds may be ralsed. This level of reserves has be8n maintained Ihroughout the year. During Ihe year a revlew of the payroll costs and how the company was perfoming promoted Ihe need to make one ernployee redundant at a cost of £19,290.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Alajorrisks Rlsk managemènt The trustees have assessed th8 major risks to which the charity Is exposed, in particular those related lo the operallons and finances of the organisation, and a satisfied that systems and procèdures are in place to mltlgate exposure to the majoT risks. structure. govèrnance and management The charity is a ¢ompany limited by guarantee, incorporated on 21 July 1992 and registered as a charity on 23 October 1992. The company was established under 8 Memor£ndum of Association whlch estsblished the objects and powers of the thariiable company and is governed under Its Articles ofAssoclatlon. The trustees, who are also the directors for the purpose of company law, and who served during the year were: MrA Clarke Mr M G Havrth Mr P Hopwood Mrs P Howarth Mrs L Parrolt {DeaSed 15 August 2024) (Retired 9 April 2024) Recwitment and appointment of Inistees None of the trustees has any beneficial Interest in the company. All of th8 trustees S members of the company and guarantee to conlribule £1 In the event of a winding up. Mèthod of appolntmont of trustee$ The Board of Trustees is responsible for the overall management and control of the charity, working vAth the Manager and senior staff on strategic and operatlonal development. Trustees are COwOPted from local people who are sympathetic lo the charivs objedlves. usually after attending Management Committee meetings over a perlod of time that Is sufficient to provide a full inslghl Into the activities of the chaTity. Owanisational structu Organisational slructuro and de¢l$lon maklng The charlty employed an average of 57 staff during the year. of which all but 5 were employed to provlde direct support to the charity's cllents. The other 5 provide management and admlnlstrative support In order to meet the charitable objectives of the charity. Decisions on the day to day operation of the charity aré taken by the Manager and senior colbagues. Trustees meet regularly and re1ve detsiled reports and financial information for Ihose meetings. The trustees have regard to the Charity Commission's guidance on public benefit in managlng the tharity. Audltor In accordance with the companys articles, a resolutlon proposing that Smlth & Goulding Limlted be reappointed as auditor of th8 company will be put at a General Meeting. The trustees. report was approved by th8 Board of Twslees and signed on its behalf by- Mr P Hopwood Trustee
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also the directors of Castle Supported Living Limited for the purpose of company law, are responsible for preparing the Trustees. Report and the financial stalements in accordanc8 With applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a trne and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, of the Charitable company for that year. In preparing these financial statements. the trustees are required to: - select suitable accounting policies and thèn apply them conslst8ntly' - obseNè the methods and principles in the Charities SORP: - make judgements and eslimates that are reanable and prudent. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial ststements", and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conlinue in operation. The trustees are responsible for keeping adequate accounting re¢ord$ that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that Ihe financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other iTregularitie$.
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED Oplnlon We have audited the financial statements of Castle Supported Living Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the staternent of cash flows and notes to the financial statements, induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practi). In our opinion, the financial statements.. give a true and fair view of the stste of the tharitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance viith United Kingdom Generally Accepted Accounts"ng Practi. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for Qplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standard5 are further described in the Auditoffs responsibilities for the audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material unrtaintieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going cOnM for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other inforniatlon The other information comprises the information included in the annual report other than the finarcial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the f5nancial statements does not cover the other infomiation and we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststements, we are required to determine whether this gives rise to a materk91 misstatement in the financial statements themselves. If, based on the work we have performed, we condude that there is material misstatement of this other information, we are required to report that fact We have nothing to report in this regard. Matters on whlch we are required to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion- the infomation given in the financial slatements Is inconsistent in any material respect with the trustees, report" or sufficient accounting record5 have not been kept; or the financial statements are not in agreement with the accounting records. or we have not received all the information and explanations we require for our audit.
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED Responslbllltles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detemiine 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 charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financlal statements Vve have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influen the economic decisions of users taken on the basis of these financial statements. The extent to which our protsdures are capable of detecting irregularities, including fraud, is detailed below. The engagement partner ensured that the engagement team collectively had th8 appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,. We identified the laws and regulations applicable to the company through discussions with Directors and other management, and from our commercial knowledge and experience of the sector. IJVe focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, tsxation legislation and data protection, employment, environmental and health and safety legislalion; Vve assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. and Identified laws and regulations were communicated wtthin the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. INe assessed the susceptibility of the company's financial statements to material misstatement, induding obtaining an understanding of how fraud might occur. by: • making enquiries of management as to vthere they considered there was susceptibility to fraud, their knowledge of actU81, suspected and alleged fraud; and considering the intern81 controls in Pla to mitigate risks of fraud and non-compliance with laws and regul8ts'ons.
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED To address the risk of fraud through management bias and override of controls, we.. perfonned analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identify unusual tr8nsactions- and assessed whether judgements and assumptions made in detennining the accounting estimates were indicative ol potential bias. A further description of our responsibilities is available on the Financial Reporting Council's website at= https-11 V4VWW.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charty's Irustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Kleran Brophy ACA (Senlor Statutory Audltor) For and on behalf of Smith & Goulding Limited, Statutory Auditor Chartered Accountants 2 Southport Road Chorley Lancashire PR7 1LB If, aco Smith & Goulding Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the CompaniesAct 2006.
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestriclod Unrestrlcted funds funds 2024 2023 Restri¢ted fund$ 2023 Tolol 2023 Not•s Income from: Charitable activities Investments 1.074.744 2.467 1.027.048 443 10,712 1,037.760 443 Total Income 1.077.211 1,027,491 10,712 1,038,203 Expendlture on: Charitable activities 1,118.108 1,149,707 10.712 1.160.419 Tolal expenditure 1,118,108 1,149,707 10.712 1.160.419 Net expenditur• and movamont In fund$ {40,897) (122,216) (122,216) Reconclllatlon of fund$: Fund balances at 1 April 2023 211,975 334.191 334.191 Fund balances at 31 March 2024 171.078 211,975 211.975 The statement of financial activities includes all gains and losses recognised in the year. All Income and expendlture derive from continuing adivlties.
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash absorbed by operalions 18 (52,112) (122,770) Investing activities Investment in(x)me received 2,467 443 Net cash generated from Investln9 activltiès 2.467 443 Net cash used In flnanclng actlvltles Net decrease In cash and cash equlvalents (49.645) {122,327) Cash and cash equivalents at beginning of year 201,944 324,271 Cash and Cash equlvalents at end of year 152,299 201,944
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notes Fixéd assets Tangible assets 12 9.801 13.068 Current assels Debtors Cash at bank and in hand 13 47,147 152,299 20.150 201,944 199,446 222,094 Creditors.. amounts falling due wlthin one year 14 {38.169) (23,187) Net current assets 161,277 198.907 Total assèts less current Ilabllltles 171,078 211.975 Net assets oxcludlng ponslon liablllty 171,078 211.975 The funds of the charlty Unrestricted funds 171,078 211.975 171,078 211.975 The company is entitled to the exemption from the audit requiremant contained in sédlon 477 of the Companles Act 2006, for the year ènded 31 March 2024, af(hough an audit has been carried oul under sedion 144 of th8 Charities Act2011. The Irustees acknowledge their responsibillties for ensuring that the chaiity keeps accounting recA)rds whi¢h comply with section 386 of the Act and for preparing ac¢ounts which gNe a true and fair view of the slate of affairs of the ompany as al the end of the financial year and of its inming resources and application of resour¢8s, induding its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the r8qulrements of the Companles Act 2006 relallng to accounts. so far as applicable to the company. The members have not r8qulred the company to obtaln an audit of Its financial statements under the requirements of the Companies Act 2006. for the year in questlon in accordance with section 476. These financlal ststements have been prepared in accordance with the provisions applicable to companies subject to the small companiès regime. The finanelal statements were approved by the twstees on .. Mrs P Ho4varth Trusteo Company registration number 02733145 (England and W81es} 10-
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT31 MARCH 2024 Critical ac¢ounting •stlmat•s and Judgements In the appIltion of Ihe charity's accounting policies. the Irustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities thal are not readily 8pparent from other s(yurces. The estimates and associated assumptions are based on historical experience and other factors that a considered to be relevant. Actual resums may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Accounting policies Company Infomiatlon Castle Supported Living Limited is a private ¢omp8ny Ilmited by guaranteo incorporated in England and Wales. The registered office is 43a Moor Lane, Clitheroe. Lancashire. BB7 1BE. 11 is 81$0 reglstered viith the Charity Commission in England and Wales. 2.1 Accounting conventlon These 8¢counts have been prepared in accordance with FRS 102 Yh8 Flnancial Reporting Standard applicable in the UK and Republic of Ireland. <"FRS 102°), 'Accounting and Reporting by Chariti$s' the Statement of Recommended Practice for charities applying FRS 102. Ihe Companiés Act 2006, the Charities Act 2011 and UK Generally Accepled Accounting Practice as It appli8s from 1 January 2015. The charity 1$ Public Benefit Entity as defined by FRS 102. The financlal statements ar8 prepared in sterfing, which is the functlonal CLsrrency of the charity. Monetary amourbts in these ffinandal statements are rounded to the nearest £. The financial statements have been prépared under the hlstorical cost convention. The principal accountlng policies adoptsd are sèt out below. 2.2 Golng concern Al the time of approving the financial ststements. the trustees have a reasonable expectstion that the charity has adequate resources lo continue in operational existence for Ihe foreseeable future. Thus Ihe trustees ontinue to adopt the going concem basis of 8ccounting in preparing the financial statements. 2.3 Charltable funds Unrestricted funds are available for use at the discretion of the truste05 in furtherance of their charitable objectives. Rèstrict8d funds are subject to specific conditions by donor5 or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. Endowment funds are subject to specific condilions by donors that Ihe capital must be malntained by the charity. 2.4 Incomlng resources Income is recognised when the charity is legally entitled to it after any perfomiance ¢onditlons have been met, the amounts can be measured reliably, and it is probable that Income will be received. Cash donations are recognised on receipt. Other donations are recognlsed on¢e Ihe charity has been notified of the donation, unless performance conditions requiré deferral of the amount. Income tax reVerable in relation to donations received under Gift Aid or deeds of covenanl is re¢ognised at the time of the donation. 11
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policl•s (Contlnued) 2.5 Resources expended Expenditure Is rectsjnised once Ihere is a legal or constructSve obllgatlon to transfer economic benefit to a third party. it Is probable that a transfer of economic benefits will be required in setllement. and the amount of the obligation can be measured rellably. EXpendilU is ¢lasstfied by activty. The costs of eath activity ara made up of the total of direct costs and shared ¢osls, includlng support costs involved In undertaking each activity. Direcl costs attributsble to a single actlvlty are allocated direclly to that activity. Shared costs which contribute to more than one activity and support costs which arè not attrlbutable to a single activity are apportioned betsveen those activities on a basis consistent with the use of resources. Central stsff Costs are 8110¢8ted on the basis of time sp8nt, and deprecialion Charges are allocated on the portlon of th8 assefs use. Expenditure is recognlsed once there is a legal or constructive obligatlon to make payment lo a third paty. It IS PTobable that settlement will be required and the amount of the obllgation can be measured rellably. All expenditure is accounted for on an accruals basis. All expenses induding support costs and govemance costs are 811ocated to the applicable expenditure headings. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities arKI services for tts beneficiaries. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support c¢)sts are those costs Incurred directly in support of expenditure on the objects of the charity and include project management carried at the the registered office. Governan costs are those incurr8d in connection with the administration of the charity and compliance with constitulional and statutory requirements. Expendllure includes any VAT which cannot be fully recovered. as part of the expenditure to which it relates. 2.6 Tanglble fixed assets Tanglble fixed assets a initialFy measured at cost and subsequentty measured at cost or valuation. nel of depreciation and any impalmenl losses. Depreciation is recognlsed so as to write off the cost or valuation of 8ssets less their residual values over their useful lives on the following bases: Fixtures. fittings and equlpment 25QA reducing balance The gain or 108s arislng on the disposal of an asset is detem)in8d as the dlfference between the sale proceeds and the carrying value of the asset, and Is recognlsed in the statement of finan¢ial acllvllles. 2.7 Impairment of fixed assets At each reporting end date, the charity revl8WS the carrying amounts of its tangible assets to detemilne whether there is any indication that those assets have suffered an Impairmént loss. If any such indication exists. the recovèrable amount of the asset Is estlmated In ord8r to detemiine the extent of the Impairment loss (If any). 12-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢counllng pollcles (Contlnued) Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use. the estirnated future cash flows Bre discounted to their present value using a pre-tax discount rate that refiects current market assessments of the time value of money arKI the risks specific to the asset for whith the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in incomel (expenditure for the year. unless the relevant asset is carried at a revalued amount, in vthich Case the impainnent loss is treated as a revaluation decrease. Recognised impairment losses are reversed rf. and only rf. the reasons for the impainnent bss have ceased to apply. Vlhere an impaimient loss subsequently reverses. the carrying amount of the asset is increased to the revised estimate of its recoverable amount. but so that the increased carrying amount does not exceed the Garying amount that would have been determined had no impairment loss been recognised for the asset In prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried In at a revalued amount. in which case the reversal of the impaim)ent loss is treated as a revalualion increase. 2.8 Cash and cash •qulvalonts Cash and cash equivalents Includ8 cash in hand. deposFts held at call with banks, other short-t8m liquid Investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in Quent liabilities. 2.9 Financial instruments The charfty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Se¢tion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognlsed In the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there Is a legally enforceable right to set off the cognised amounts and there Is an intention to Settle on a net basls or to realise the asset and settle the liability simultsneously. Ba$1¢ financlal assets BasiG financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaGtion Gosts and are subsequently Caled at amortised cost using the effective intsrest method unless the arrangement constitutes a financing transaction. where the transaction is measured at Ihe present value of Ihe future receipts discounted at a market rate of interesl. Financial assets dassified as recelvable within one year are not amortised. Basic financial liablllNes Basic financial liabilities. including creditors and bank kn$ are inilially recognised at transaclion price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the fvture receipts discounted at a market rate of interest. Financial liabilities classrfied as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effe1ve interest rate method. Trade creditors are obligations lo pay for goods or servi$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequendy measured at amortised cost using the effeclive interest method. 13-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng polleles (Continued) Derecognthon of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or ancelled. 2.10 Employee beneffts The cost of any unused holiday entitlement is recognised in the period in whith the employee's s8Nices are rec8lv8d. Tennination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 2.11 Retirement benetits Payments lo defined contribution tirernent benefit schemes ere Charged a$ an expense as they fall due. Income from charitable actfvltlos Unrestrfcted Rèstrieted funds funds 2024 2024 Total Unrestrlctèd R•strlcted funds funds 2023 2023 Total 2024 2023 Provlslon of Domlclllary care Received from tenants Housing benefit LCC support Grants received Olher Incomè 10.647 55.491 1.006.355 1.695 556 10,647 55.491 1.006.355 1.695 556 13.402 55.084 956.595 1,967 13.402 55.084 956,595 12,679 10,712 1.074.744 1.074,744 1.027.048 10.712 1,037.760 Inveslment Income 2024 2023 Bank interest 2.467 443 14-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on ¢haritable activltles 2024 2023 Staff Costs Depreciation and impairment Agency stsff Training costs Rent Council lax House expenditure Insurance Repairs and maintenanGe Printing. postage and stationery Telephone Compuler running costs Travelling expenses Sundry expenses Bank charges Covid 19 costs 1.008,567 1,027.257 3.267 4.356 344 7.640 42.990 5.678 22.435 6.164 3.072 2.637 8,370 3.534 224 7.274 320 3,660 3.903 39.234 4.661 25.573 6.589 3.251 3,467 6,738 1,803 31 3,180 288 1.110,552 1.145.955 Share of govemance costs (see note 7) 7,556 14,464 1.118,108 1.160,419 Analysis by fund Unrestricted funds Restricted lunds 1,118,108 1.149,707 10,712 For tho year ended 31 Mah 2023 Unrestricted funds Restrscted funds 1,149.707 10.712 1.160.419 Nel movement In funds 2024 2023 The net movement in funds is stated after chargingl{crediting): Fees payable to the charity's auditor: - for the audlt of the chaiitys financial ststements - for other fjnancial services Depreciation of owned tsngible fixed assets 3,500 800 3,267 2.520 1.300 4.356 15-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Supporl cost5 Support Governanc• costs costs 2024 2023 Audit fees Ac¢ountancy Légal and professional 3.500 803 3.253 3.500 803 3,253 2.520 1.323 10.621 7.556 7.556 14.464 Analysed betsveen Charitsble activities. 7,556 14,464 Audltorfs rgmunoratlon The analysis of auditor's remuneration is as follows: Fees payablo to the company's auditor and associates: 2024 2023 Audit of the charitsble ¢ompany'$ annual accounts 3,500 2.520 Non-audit sèrvlcos Preparation of the ¢haritabEe companls annual accounts 800 1,300 Trustee$ None of Ihe trustees (or any persons connected with them) rac1Ved any remuneratlon. benefits or reimbursement of expenses from the tharity during the current or preceding year. 10 Taxatlon The charity is exempt from taxation on ts activities because all tts income is applied for charitsble purposes. 11 Employees The average monthly number of emptoyees during the year was: 2024 Number 2023 Numbor Management and administration Support workers 52 57 Total 57 64 16-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 895,998 67,555 19,429 907,911 65,632 19,928 982.982 993,471 Redundancy armd termlnation payments iotalling £19,290 were made in the reportlng period. The payment was made out of previous years ac¢umulated reserves .No further payments are antlcipated. The totsl remuneration for key management personnel was £46,793 (2023: £59.368). which Is included within the employment costs analysed above. There were no employees whose annual remuneration was more than £60,000. 12 Tanglble flxèd assots Flxturel, fittlng$ and eqvlpm•nt Cost At 1 April 2023 30,946 At 31 March 2024 30.946 Depreclatlon and impalrnient At 1 April 2023 Dépreclation charged in the year 17.878 3.267 At 31 March 2024 21,145 Carylng amount At 31 Marth 2024 9.801 At 31 March 2023 13.068 13 Debtors 2024 2023 Amounts falllng due wlthin on8 year: Trade dèbtors Prepayments and ac¢rued Income 42.516 4.631 16.592 3.558 47,147 20.150 17-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 14 Creditors: amount5 falling duo within one year 2024 2023 0th8r taxation and social securlty Accruals and deferred inGom8 16,914 21,255 16,165 7.022 38,169 23,187 15 RÈtlrÈmènt beneflt schemes 2024 2023 Deflned contrlbutlon schemes Charge to profft or loss in SpeCt of defined contribution schemes 19,429 19,928 The charlty operales a defined contribution pension scheme for 811 qualrfylng employees. The assets of the scheme are held separately from thclse of the charity in an ind8P8ndentty administered fund. 16 Unrestrlcted funds The unrestricted funds of Ihe charity comprise the unexpended balances of donations and grants which are not subjed to specffic conditions by donors and grantors as to how they may be used. These include designaled funds which have been set aside out of unrestricted funds by the trustees for speufic purposes. At 1 Aprll 2023 Incomlng resourus Rosourcos At 31 March expended 2024 G8neral funds 211,975 1,077,211 (1.118.108) 171,078 Prevlous year: At 1 Aprll 2022 In¢omlng Resourcès At 31 March resources expondod 2023 General funds 334,191 1,027,491 11.149.707) 211.975 17 Operating lease commitments At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows: 2024 2023 Within one year Between Iwo and Ilve years 9.51JO 11.875 9,500 21.375 21,375 30,875 18-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Cash generat•d from operatlons 2024 2023 Deficit for the year (40,897) {122.2171 Adjustments for: Investment income recognised in statement of financial adlvltles Depredation and Impairment of tangible fixed assets {2.467} 3,267 {443> 4.356 Movements in Working capital: {Increase) In debtors Increasel{decrease) in creditor8 (26,997) 14,982 {2,283} {2.183) Cash absorbed by operatlons {52,112) {122,770) 19 Relatod party transactions There were no disclosable related party transactions during the year (2023 - none). 20 Analysis of changès In not funds The charity had no malerial debt durlng the year. 19-