Compani RLgisiraiion Nlo. 02670888 Regiered C'harit!, Ni o. 11119213 Airedale Homes Project (A company limiled b}, guaranlee) UNAUDITED FINANCIAL STATEMENTS for the year ended 31 March ?024
DIRECTORS rsMMJacks Mr A J Macpherson Mrs T A Smith Mr B IV Jenkins Mr D Pickles REGISTERED OFFICE 240 Skipton Road keighley BD20 6AS SOLicrroRS Gordon5 LLP 14 Piccadilly Bradford Wesi Yorkshire BDI 3LX BANKERS Virgin Money Online Banking ACCOUNIT*lNT Beldenn Limited Tom'nend House 8 Springwell Court Leeds West Yorkshire LS12 IAL
Airedale Homes Project TRUSTIES REPORT For the }'ear ended 31 March ?024 The Directors preseni iheir repon and ihe financial stalements of Airedale Homes Project for the yvdr ended 311I4ar¢h !0?4. PRINCIPAL AcfiviTIES The chariLible company ('Ihe company.) is a self supporting associaiion which operdtes within ihe administrdtive area setv¢d by Airedale Health Auihoriiy and Brddford Care Trust 10 provide support for Ihose experiencing mental health diificuliies ihrough thc provision of supported accommodalion. The company is governed by the managemeni committee in accordance wilh its memorandum and articles of associaiion and a 5tat¢menl of inlent. The management committee has overdll responsibility for the operation of the company. Trustees are appointed b). majority vote of Ihe management committee considering eligibility and personal competence. Trustees are encouraged to seek appropriate training if necessary and new trusiees are inducted into the workings of the charity by meeiing with oiher trusiees. OBJECTIVES Vhen planning objectives for Ihe year. Ihe irusiees consider ihe Charity Commissiijner s guidance on public benefit. The object of the associaiion is the assistance of its clienis who. because of Iheir mental condition, arc unable lo support ihemselves ar who are in serious necessitous circUmsthes. Clients are referred by stakeholders including the local health authority and social services. ACHIEVEMENTS AN'D PERFORMANCE Airedale Homes Pn)jecl provides 5UPPOrted housing accon)modation io adults recovering from sever¢ and enduring mental hIlh Illness. We enable service users io d¢v¢lop their own self_car¢ and daily living skills such as shopping, cooking and budgeiing $0 they mighi bctter manage when ihey return to indep¢ndeni living. Ive do however have a small number of ienanis who have speni considcrable time with our Project and are unlikelylunablc to manage 'ithou1 thc type of support we can olter and there are few similar resources available. The project currenily provides supported comMOdatIon in property locaied in North and Ivest Yorkshire. During the year we acted as Managing Agents for one 'Placcs for People, Property in West Yorkshire. AHP omms l Brougham Sireei Skip1(. 240 Skipion Road Keighley and ihree independent flats arta¢hed to Riversedge Keighley. Ive also rent a Property. -1 Belgrdve Road. from ' Incommunities.. Property modernisation woA(5 have now been substantially compled. and the ITUStees have plans to renovat¢ property on a cycli¢al basis in the future. Net income for the year amounied to £6.403.
Airedale Homes Project TRUSTEES REPORT For the year ended 31 March 2024 RESERVES POLICY The managemeni committee hay¢ ¢5tsblished a policy ivhereby the unresiricled fijnds nol commilted or invested in tangible fixed assets held by the chariiy. should be accumulaied for ihe purposes of reinvestment in further property in order lo provide more places for the aceornm¢)daiion of clients or for acquiring existing properties that are leased. Unresiricted furKls ai 31 March 2024 siwd at £522.291 (31 f4larch ?0?3 £515.888). INVESTMENT POLICY The managemenl committee has considered ihe rnost appropriale policy for investing fund5 and COIF Charity Deposit Fund meels the need5 of the company most approprialely. The management commillee consider the retum on inveslments io be salisfactory. PLANS FOR THE FUTURE Now ih21 renovation Works have been compleled a reasonable surplus is anticipated in the coming year. RtSK REVIEW The management commiiiec ha5 conducied its own review of the major risks to which the company is exposed and sysiems havc been esiablishcd to milige those risks. The Safeguarding of ihe vulnerdble adults for whom we provide Supported Accommodation 15 a priority. and adequate Policies and Procedures are in place to ensure thai we meet all relevant requirements. Income sources conlinue to be a combination of Stste Funding throuth L] Authoritv Housing Ben¢fits and Setvice Userfs coniribulions to Renb'Charg¢s. The Mana2emenl Commiiiee are confideni that M'iih financial prudence the curreni service provision can be maintained. Internal risks are minirnised by the implemeniaiion of procedures for authorisation of all financial transaciions and a coniinuing effort io achieve the dcsired Quality Bcnchmarks,'Ou¢comes for the Service Provision. DIRECTORS Members of the managemeni committee. who are dirttiors for the purpose of Company Law. and trusiees for ihe purpose ol'charit), law m.ho served during the )'Vdr, are detailed beloM'= Mrs Nq M Jackson Mr A J Macpherson I rsTASmith Mr B IV Jenkins Mr D Pickles
Aii-edale Hoiiies Project 'Rl'.% l F.l.-% Kl-_l>l)R l- For tlie l'ear endLd .= l Marth ?In4 Members lh4 L4)mpani'. nll i)fwhom dir¢KioYs ¥lWliilL io cmiribuic dniviini I1 ¢¢¢[1117j £1 I k. ofilK' clw?i&ble IInpanI in Ihe e¥eni of a I4indivg lip. The ioittl iiuinbEr ofsufh kitxrJnitL> #i 31 Nla¥ch 024 4 {?(}?1:4Tr. B¥ orderor1. Iwwd 14r H M.. Jn." thrgrtor and I'1¢ O Xo%"ember *024
Airedale Homes Project DIRECTORS" RESPONSIBILITIIS IN THE PREPARATION OF" FINANCIAL STATEMFNTS Company law requires the Directors lo prepare financial Statemen for each financial year which give a true and fair N'iew of the State of the atyaits of the charitsblc company as at the balance sheet dal¢ and of its ncoming resources. including income and expenditure. for the financial year. In preparing those financial statements. the Directors should folloii. best praciice and.. select suttable aeeounting policies and then apply them consistently- make judgmenls and accounting eslimaies ihai are rrdsonabl¢ and prudent: prepare the financial slalements on the going concern basis unless il is noi appropriat¢ to presume Ihai the company H'ill continue in business. The Directors are spOnSible for keeping proper accounling records hICh disc105e with Teasonable accuracy at any time the financial positiork of the charitable compan), and io enable them to ensure that the financial 51atements Lomplv wilh the accowiling requirements of seLtion 396 of ihe Companies Aci 2006 and with the methods and principles ofthe Siaiemeni of Recommended PrdcEice= Accounting and Reporting by Charilies. The Directors are also responsible for safeguarding the asseis of the charitable company and for the prevcniion and detection of fraud and other irregularities.
INDEPENDENT EXAMIN'ER'S REPORT TO THE TRUSTEES OF AIREDALE HOMES PROJECT I report on the accounts of the company for the )ear ended 31 March ?0?4. which are sei oul on pages 8 10 15. Respeclii'e responsibiliiies ofinLflees andexaminer The irusiees (M'ho are also ihe directors ofihe compan), for the purposes of companj lawl are responsible for the preparalion of ihe accounts. The irusiees consider ihat an audii is not required for ihis year under section 144(2) of the Charities Act ?01 l (the 2011 Act) and have opted for an independent examination. l am qualified to undertake ihe examination by being a qualified member of the Instituic of Chartered Accouniant5 in England & Ivales. Having satisfied myself that the charily is not subject to audit under company law and is eligible for independent examinalion. li is m> responsibility. to.. examine the accounts under sedion 145 of the 201 I Aci. to follow the procedures laid domry) in the generdl DitIOnS given by the Charity Commission under seciion 145(5Xb) of the 2011 Acl- and to stat¢ whether particular matters h3v¢ come io my attention. Basis of111deIK1gnI aliKer s repori IAY examination was carricd oui in accordance with the general Directions given by the Charity, Commission. An examination includes a review of the accouniing records kept b), the charity and comparison of the accounts presented with those records. li also include5 consideration of any unusual items or disclosUS in the accounts and seeking explanations from you as tyusiees concernin2 any such matter5. The procedures undertaken do noi provide all ihe evidence that would be required in an audit and consequently no opinion is given as to h¢Iher the accounts preseni a 'lrue and fair view and the report is limited to those mattets sei oul in the stsiemeni below. Indepeiideni exaviiner's 51alenieiiÉ Your attention is drawn io the fart thai ihe charity has prepared the accounis in accordance with Accounting and Reporting by Charilics preparing iheir accounts in a¢cordan¢e with the Financial Reportin2 Stsndard applicable in the L,K and Republic of Ireland (FRSIO?) in preference io the Accounting and Reporting by Charities". Statement of Recommended Pralce issued on l April 2015 which is referred lo in the extant regulations but has been wiihdTawn. This ha5 been done in order that Ihe accounts provide a lThe and fair i'iew in accordance with the Generally Accepted Accounting Practice for rep)rting period5 beginning on or after l January 2015.
In coiintttivn iFtih ni). Lxaniiniiik(>n. iNiicr h&$ cixne io my aiicntinn-. (l) which gives me rcasfflablc ¢aust' 115 believi thai in ali). Inaierial roii)LXt the requirLrnLJiis.' io kLYP aLYoiiniing rciord5 ID &xordanc¢ wilh scclinn .180 1)f IhL (nlibe) ti(X)6: arnl lo prepari alllIn15 i%hirh acLord uiih Ilic a¢¢ouniiNbp rLYord8. cornpli i%'iih Ilic acLountiiig rcqiiiN'rEicf115 of %¢LliiJn 396 of ihe Lonlpanics Act ?UOIi aiKI w41h ihl mLihods and prhnciples or thi Siaieillcni Ill Rcioiiin)eIKIL l•railiLe.. A(Wl1) atMI Rew.nin¥17N' (-hariTiè 113N¢ not t¢ ni¢l- or (?) 10 ii'hiih. in EnIon. a¢leniion shvuld drawn in order to enablL a priwr 11ndcrtni1n1. (If Ihe 4 ccounis li) bL" reaihcd. J21nes ljell 'I'ownend Ilouse 8 SprinLii%¢II C(42rt l.ccds 'cst I'orksliiwe L.412 1.4L 20 Nob'eM"r 1024
Airedale Homes Project STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 March 2024 Noles 2024 20?3 Unrestricted Unrestricted Funds Funds tNCOME FROM: Charitable activities Investment tncome 222.034 3,105 197.715 TOTAL IN'COMtNG RESOURCES 225.139 198.8?9 EXPENDITURE ON: Charitable aclivilies 218.736 191.050 TOTAL RESOURCES EXPENDED 218.736 191.050 NET MOVEMENT tN FUNDS 6.403 7.779 T(yfAL FUNDS BROUGFtr FORWARD 515.888 508.109 TOTAL FUNDS CARRIED FORWARD 52?.291 515.888 The staiement of financial aciivities includes all gains and losses in the year. All incomine resources and resources expended derive from coniinuing charitable activilie5.
Airedale Homes Project BALANCE SHEET as al 31 March 2024 Cijmpan!. Regira[10n No. 02670888 Nrtes 2024 2023 FIXED ASSETS Tangible assets 332,425 343.293 CURRENT ASSETS Debiors Short terni deposils Cash at bank and in hand 27.454 1.498 63.505 107.3?2 10 1 S.350 204.396 18?,325 CREDITORS.- Amounts falling due WTthin one year (14.532) (9.730) NEf CURRENT ASSErs 189,864 172,595 NEf ASSETS 522.2 515.888 FUN'DS UNRESTR[ED FUN'DS 522,? 515,888
Airedalc Hoincs Projcct . RAI_ANCE SI IIL.l- Jt ) l NlJrLh ?0?4 pan). Rcsi.strJlinTh Xo. O•b-.08xK For thL vvr I I I1h ?11"4 ihe iompany emiiled to ihe eienipiitsi ftf>m Ihe reqUIrennI Lo 01 ihi C'oinpJMLL Aci ?iiii{). No f1¢ has bcai dLpiisld wilh th¢ C4Mnpany undcr 4711 ofthal.4r¢ rcquiring an audit il? be ia¥Tic4J out. The direclopa acknoulcd theirwsy)n%ibtliry for. F.nsuring thc compan¥ k'riT% aLYoullring rtcofti% whith cornplyThTth kn'ciii)n¥ 186 ancl 387 ofÉlK b_ Prepi, rinij financijl staienicnL< wliich g¥v¢ o Irvc f.iir %'¢ew ofthc 51ale of Jff3ir5 of Il LODIplI. ¥5 dl ihi ¢nd lit-cJ-h linaTrcbai )eaf 2N1 ils lo)r the Ytar then Lded in aiLorda¥K Ith thL rLyuircinL 394 and -.95 uhi¥41 vilJm4.1)L wnipll will IliL rc4uircmefti of thl t 1)mp2niL..1iI_(X xi fJr as thry 41pplir.Ibl¢ 10 Ihc cornpanN'. The finmctal stslem=tsL5 have ircn PrcFrdd in acc(wdaKe 7th thc finaniial RerKJrriiig St2nthrd 10 l%i¢tiiin l A). Th¥v ¥ccounL¥ lTrJi'e b¢¢tt W¢PJTcd ii? accord¢ with Ihc proi.iJLo applicablr 10 )mpaTIlLs subjeLi ro s1[ COmFktniei r¢oime. Thc fin¢181 5[aretlE ori pa8£5 7 10 15 Mere aiwTukLyI by th¢ IM)3rd (If dirLxiors irMI duthvris5 liir 14suc 10 Septcmher ?Q24 arv ssgned its kh3ifby'. Mr Fl Il, Trwiee dnd Dirciior 10
Airedale Homes Project ACCOUNTtNG POLICIES BASIS OF ACCOUNITtNG The financial stsiements have been prepad in accordance wilh the Sialement of Recommended Practice applicable io charities preparing their accounts in accordance M'iih Financial Reporting Standard l O? (Section IA). FUNDS ACCOUNTINIG Unreslricied ndS are available for use * the discrdion of the Irusiee5 in furtherance of the general objeciive5 of the charity. tNCOMIN'G RF.SOURCES All incominLb resources are included in ihe Statemeni of Financial .4ciii'iiies ivhen the charity is entitled io the income. receipi is probable and its amounl can be m&ured reliably. RESOURCES EXPENtDED Expenditure is recognised when a constructive obligation has arisen. it is more likel). than not th31 payment will be required. and the amount can be measured reliabl!. All expenditure includes attributable IT AT which cannot bc fully recovered. Charitable expenditure comprises those costs incurred by the charity in the course of its activities and se[Ce5 for its bcneficiaries. It includes both costs can be allocated directly lo such activilies and those cosls of an indirect nature io supw)rt them. TANGIBLE FIXED ASSErs Tangible lixed assets are staled ai hTSloric cost. Deprecialion is provided i)n all tangible assets at rnies calculated to wrile do each asset to its estimated residual value at the end of an assets useful life. The annual raies ofdeprecialion are:_ Freehold propety Expenditure on leLsehold property Equipmeni. fixtures and fillings Computers /0 on cost 25 /0 on cost 33 1/30/0 on cost
Airedale Homes Project SCHEDULE TO THE FINANCIAL STATEMENTS for the year end¢d 31 March ?0?4 INCOME Rent receivable includes tenant seNic¢ charges and housing benefii. INVESTMI ENT INCOME 2024 2023 Income ftorn current asset Investmcnts 3.105 ANALYSIS OF RESOURCES EXPEN'DED 2024 Tnlal 2023 Tolul Siuffcosis Oiher c051s Depreciaiion Charitable expenditure Provision of housing Support cos 47.640 36.545 10.868 171.110 47.626 144.931 46,119 11.081 84.185 1 ?3.683 10.868 218.736 191.050 NET INICOMtNG RESOL'RCES 2024 Tothl 2023 Total Net in¢oming resources is slaied after charging= Depreciation Independent examination fees (hher taxaiion and accounting setvices 10,868 700 .110 11.601 700 1,050 12
Airedale Homes Project SCHEDULE I"0 THE FINANCIAL STATEMENTS for the year ended 31 March ?0?4 EIMPLOYEES The average number of wsons employed by the company during the year was: 2024 Support workers Other stalT Staff costs for the above person5 were: Wages and salaries Social security costs Pension costs 82.506 8.1,657 270 1.466 1.679 84.185 85.393 DIREcfoRS In accordance with the company s Imemordndurn of Associaiion the dir¢ctors do noi receive remunerdlion. TAXATION The chariiable company is exempt from corporntion tax on its aciivilTes. all of which are charitable. 13
Airedale Hornes Project SCHEDULE TO THE FINANCIAL STATEMENTS for the year ended 31 March ?0?4 TANGIBLE FIXED ASSErs Freeliold Property Eypendilure Eqiiipni¥nl, on le&feliold fL¥iure5 Ui prnperry, filliiig.f Conipiiler5 Tolul Cost At l April 2023 Additions Disposals 485,361 39,979 72.956 3,597 601,893 At 31 March ?024 485.361 39.979 72.956 3.597 601.893 Depreciaiion Ai l April ?023 Charged in year Disposals 144.3(A) 9.707 39.979 70,6.14 1.161 3.597 ?58.600 10.868 At 31 March 2024 154.1)97 39.979 71,795 3.597 269.468 book value Ai 31 March 2024 331.264 332.425 At 31 Nlarch 2023 340.971 2.233 343.204 The directors eslimate the current markel value of the freehold property is £500.000 (2023.. £5(K).000). DEBTORS 20?4 2023 Rents receivable Prepayments 14.?45 8,209 10.863 633 22.454 11.496 10. CURRENT ASSET INIVESTNIENTS 2024 2023 COIF charity deposit fund 66.592 63.505 14
Airedale Homes Project SCHEDULE TO THE FINANCIAL STATEMENTS for lh¢ y¢ar ended 31 March 20?4 CREDITORS: Amounts due in less ihan one )'eaT 2024 2023 Other crediiors Tall0 and social security Ac¢rua15 and deferred income Deposits 8.954 1.063 4.503 12 1.975 829 6.914 14.532 9,730 12. GUARANTEE The company is limiied by guarantee of its members to contribule to the assels of the company in the eveni of a winding up in an amount not to exceed £1 per member. 13. OPERATING LEASES The company ha5 an open ended operating lease in respect of one property af J Belgrave Road, Keighley. at an annual rental of £3.800, and also acts as managing agent for the collection of rent on oiher prop¢rty owned by Places for People. Terniination of the lease is subjea io one monih s notice. 15