REGISTERED COMPANY NUMBER: 02796791 REGISTERED CHARITY NUMBER: 1031066 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ACCESS FOR LNING
ACCESS FOR LIVING CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1to5 Report of the Independent Auditors 6t08 Statement of Financial Activities Balance Sheet 10 Cash Flow Statement Notes to the Cash Flow Statement 12 Notes to th8 Financial Statements 13to20 Detailed Statement of Financial Activities 21 to22
ACCESS FOR UVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Ad 2006, present their report with the financial stalements of the charity for the year ended 31 March 2024. The Irustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2015). OBJECTIVES AND ACTIVITIES The charitabl8 company was formed lo maintain and manage residential care homes and other foms of accommodation, to provide care. support and advice to enable people with learning difficulties or disabilities to live in their own homes. In addition, the company is active in all areas surrounding the care and well-being of people with leaming difficulties or disabilities. including whenever possible the continued improvement in available services. The Company's Artides of Association were updated in April 2023 Main objectives for the year These were lo.' Retain all existing services and gain additional services Reduce reliance on one purchaser by diversifying into other boroughs and other service types. Provide a quality service responsive to Servi users needs. Ensure all quality stsndards are met. and maintsined, ensuring a CQC rating of Good is retained (or improved on). stratègies for achlevlng th¢)se oblectlves Main strategies for achieving these objectives are- Review of previous lenders, 1dent1.ng areas where these could be strengthened, Marketing Access for Living in olher boroughs, and making links with Commissioners. Proactively seeking opportunities in Lewisham and other boroughs. attending Market Warming Events. and evaluating opportunities. Inlrodvclion of Quality Assurance Workbooks. quality and CQC standards are regularly reviewed al Management Meetings Person Centred Plans. which are based on the individual's needs and fulure plans. These are reviewed regulady. and monitored at staff meetings and supervisions. Introduction of a monthly service user forum, as well as continuing annual Servi userfs questionnaires, ensure that all members of staff have received cornprehensive training. including Indudion for new staff, Introduction of a family forum which the Chair of the Trustees chairs, as well as continuing with an annual questionnaire. All of the above are monitored as part of our Qualty Assurancè process, with a quarterly report to thè Trustees on Key Performance Indicators. ACHIEVEMENT AND PERFORMANCE In shaping our objectives for the year and planning our actiwties. the trustees have considered the Chanty Commission's guidance on public benefit. During the year Access for Living continued to provide support to individuals with learning disabilities living in their own homes. This includes support to S peoplé in a Registered Care Home. 18 people in Supwrted Housing and 35 people on an Outreach basis. Examples of the day to day activities would include'.- enabling services users to develop new skills. assisting wth personal care {if necessary), helping service users to maintain their home - cleaning. shopping, cooking, helping service users find employment. supporting sel¢e users lo parlicipate in activities - going out to cinema. concerts etc. supporting service users lo go on holiday. supporting people with medication, supporting people with their finances - completing benefit forms elc. Access for Living has contracts with the London Borough of Lewisham and LorKlon Borough of Bromley to provide support to individuals wilh leaming disabilities. Access for Living did nol undertake any futylraising activities. The only volunteers during the year were the Trustees. Page I
ACCESS FOR LMNG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The company made a loss in the year ended 31 March 2024 £102.547 {2023.' loss of £207.499). The Management Committee considers the performance of the company during the year to be satisfactory. At the balan sheet date. the company has a cumulative surplus of £761.113 (2023.. £863.6601 of which £90,000 has been designated by the Management Commiltee to be held as reseNes to provide for potential costs arising on any future lerminalion of the company's contract. Reserves Policy The company maintsins a policy on reserves such that sufficient reserves are retsined to cover potential redundancy and other costs should the company's contraGts not be renewed. At 31 March 2024 the directors consider that £90,000 contingency reserves is sufficient for this purpose. however Ihis amount and the reserves policy wll be reviewed in March 2025. This is based on the understanding that if a SeiCe is lost then the direct support staff are eligible to be TUPE'd to Ihe new provider. Financial Dependency and Goin9 Concern Most of the current services are funded thrwgh the London Borough of Lewisham. The service for 1 seN[ user is funded by London Borough of Bromley. There are separate contracts for the Registered Care Home and each Suprted House (6 contracts in all}. The Committee. Directors and Senior Management Team have produced a strategic plan to retain ojrrent contracts and explore opportunities in neighbouring boroughs for newladdinal contracts. Wort will also be undertaken to diversify the client group within Lewisham The Outreach services are contracted on an individual basis. and the duration of th8 contracts varies. Investment Policy There are no restri¢b'ons on the charity's power to invest. The investmenls held by the o)mpany. which are all in interest bearing bank accounts. have been acquired in accordance with the powers available to the Management Committee. FUTURE PLANS Aims for 202412025 These are to:_ ensure that all seryiGe users are supported to live in their own homes. partIClate in their local communities and develop as individuals in the context of the 6 accomplishments. ensure that Sery1 users and their families have the opportunity to influence the services Ihey receive and ensure finance stability of the company including diversification Key Objectives and how Ihey wlll work To retain all existing services and regain services up to the profile in 2019 maknng Access for Living Ihe provider of choice for 24 hour residential support for People with Learning Disabilities evidenced by providing 10 residential (24 hour) support services induding Bafgery Road. To future proof the organisation by extending AfL support provisic)n to other boroughs. support areas, or individuals in order to r8duc8 reliance on one purchaser. To control costs lo ensure that monies ar8 utilised effectively. induding use of agerY staff. This will include improved monitoring systems. and review of suppliers (e.g. utilities). To consolidate Outreach and its income. through expansM)n. This will be done by continuing to provide flexible high quality setvice. maintaining gcN)d relationships with the social work team, ensuring that the cost of outreach support remains support remains competstive and by regularly reviewing the optimal levd of staffing required. Pag8 2
ACCESS FOR LMNG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Access for Living is a private charitable company, limited by guarantee and registered in England. number 02796791. Members, liability is limited lo £1 each. The company is also a Registered Charity. number 1031066. The company is governed by its Memorandum and Articles of Association. Trustees The Management Committee during the year comprised the fdlowing trustees. who were also the members ofthe company and diredors of the charitsble company during the year. B Burke reSned October 2023 M Moorey (Chair R Dixon (Treasurer) J Bowden J Fournier d'Albe - resigned October 2023 J Crowley-appointed 21 November 2023 The Management Committee determine the general policy of the company in accordance the company's Memorandum and Artides. The day to day management of the company is delegated to the Directors and their staff. Trustees are appointed to the Management Committee at the invitation of the existing Management Committee, subsequenl lo a rew8w by the Management Committee of their suilability. No trustee had an interest in any contract or arrangement of a material nature Yth the company during the year under review. Methods for recrultlng and appointing trustees If an individual wishing lo join the Board approaches AFL then we would initialty provide information about the organisation and the role of the Trustee, and ask Ihem lo supply a CV. The next step would be to arrange a meeting between them, the Directors and a Board Member. following which they would be invited to sil in on a Committee Meeting. The final slep would be for them to confinn they wished to join Board, and for a vote to be taken. Policies & procedures for Inductlng and training trustees All new Trustees are given a Trustee Induction Pack. Once they have iotned Ihe Board. arrangements are made for them to meet with the Directors. and lo visit a service. They would also meet with other Committee Members, and if they had not served as a Iruslee previously training on the role and responsibilities would be organised via an external agency. Risk Management The company's major risks as identified by the trustees and reviewed regularly via a Risk Log and systems set up to manage them. The company's operations are regularty subject to extemal audit by London Borgh of Lewisham Joint Commissioning and Care Quality Commission. and are also reviewed continually by the trustees as part of their management of the company. Page 3
ACCESS FOR LIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02796791 Registered Charfty number 1031066 Registered office Unil 9 Southbrook Mews Southbrook Road Lee London SE18 8LG Trustees R Dixon J Fournier d'Albe - resigned October 2023 J Bowden B Burke- resigned October 2023 M Moorey J Crowley- appointed 21 November 2023 Company Secretary M Tatum Auditors A2ets Audit SeNices Slatulory Audilor 2nd Floor. Regis House 45 King William Street London EC4R 9AN Bankers Handlesbanken Corinthian House Galleon Boulevard Dartford DA2 6QE Key management personnel: Directors B Kelly M Tatum Service & Development Managers T Glyn C Major K Powley Page 4
ACCESS FOR UVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Iruslees (who are also the directors of Access For Living for the purposes of company law) are responsible for preparing the Report of Ihe Trustees and the financial statements in accordance with appticable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounling Practice). Company law requires the trustees to prepare financial statements for each financial year which give a INe and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and 8xpeTrJilure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and Ihen apply them consistently- obseNe the methods and principles in the Charily SORP. make judgements and estimates that are reasonable and prudent- prepare the financid statements on the going concern basis unless it is inappropriate lo presume thal the charitable ompany will continue in business. The trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es. In so far as the trustees are aware: there is no relevant audit infomiation of which the charitable company's aLKlitors are unaware- and the trustees have taken all steps Ihal they ought to have taken to make themselv8s aware of any relevant audit iiformation and to establish that the auditors are aware of that information. AUDITORS The auditors will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisK)ns of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 28 October 2024 and signed on its behalf by: Ms Tatum - Secretary
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACCESS FOR LIVING Opinion We have audited the financial statements of Access for Living (the 'charitsble compan) for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statement and noles to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounts'ng Praclice). In our opinion the financial statements= give a true and fair view of the state of the charitable company's affairs as al 31 March 2024. and of its incoming resources and applicalion of resources. including its income and expenditure, for the year then ended,. have been properly prepared in accordance with Uniied Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with Ihe Tequirements of Ihe Companies Act 2006. Basis for opinion We conducted our audil in accordance with Intemational Standards on Auditing (UK) IISAS (UK}} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in aGcordance with the ethical requirements Ihal are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements, we have concluded that the trustees. use of Ihe going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditlDns that. individually or collectively, may cast significant doubl on the charitable companls ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilikn'es of the trustees with resped to )Ing concem ar8 described in the relevant sections of this reporL Other information The other infomiation comprises the infomiats'on included in the trustees annual reporl, other than the financial statemenls and our auditor's report Ihereon. The truslees are responsible for the other information contained wthin the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any forni of assuran conclusion thereon. Our responsibility is lo read the other infomiation and. in doing so. consider whether the other information is materially IonsIstenI with Ihe financial slalements or our knowledg8 obtained in the course of the audit or otherwise appears to be materially misstated. If we identify su¢h material inconsistencies or apparent materid misstatements. we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the wor* we have performed, we conclude thal there is a material misstat8m8nt of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion$ on other matters prescribed by the Companies Act 2006 In our opinion, based on the work underlaken in the course of the audtt: the infomiation given in the trustees. report (incorporating the directors. report) for the financial year for which the financial slalemenls are prepared is consistent with the financial statements., and the truslees. report has been prepared in accordance with applicable legal requirements. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACCESS FOR LIVING Matters on which we are required to report by exception In the light of the krniwledge and understsnding of the charitable company and its environment obtained in the course of the audit, we have not idents'fied materid misstatements in the directors. repotL We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept. or retums adequate for our audit have nol been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and retums,. or rtain disclosures of directors. remuneration specified by law are not made.. or we have not received all the information and explanations we requi for our audit.. or the trustees were not entiled to prepare the financial statements in accordan with the smafi companies. regime and take advantsge of the small companies. exemptions in preparing Ihe directors, report and from the requirement to prepare a strategic report. Responslbllltles of trustees As explained more fully in the trustees, responsibilities statement set out on page 7. the trustees {who are also the directors of Ihe charitable company for the purposes of company law) are responsible for the preparation of the financial stalemenls and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial siatements that are free from material misstatement. whether due lo fraud or error. In preparing the financial statements. the trustees are resFMJnsible for assessing the charitsble company's ability to continue as a going concern, disclosing, as appliGable. matters related to going Gonrn and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternalive but to do so. Auditor's responsibilities for the audit of the financial sL*ements Ourobjectives are to obtain reasonable assurance aboul whelherlhe financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 8uditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in aCCordare with ISAS (UK) will always detecl a material misstalement 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 ewnomic decisions of us8rs taken on the basis of these financial statements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilitses. outlined above. to detect material misstatements in respect of irregularities. including fraud. The specific procedures for Ihis engagement and the extent to which these are capable of detecting irregulariti8s. including fraud is detailed below: Reviewing the reports of any regulatory inspections carried out in the year. Enquiry of management and those charged wilh govemance around actual and potential litigation and daims as well as actual, suspected and alleged fraud. Reviewing minutes of meetings of those charged wilh govemance: Assessing the extent of compliance with Ihe laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection: Reviewing financial statement disclosures and testing to supporting documeniation lo assess compliance with applicable laws and regulatsons: Performing audit work over the risk of management bias and overrvje of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the trAJsiness rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those leading to a material misstatement in the financial stalemenls or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is $0 greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional coticealment, forgery. collusion, omission or misrepreseniation. A further description of our responsibilities is available on the Financial Reporting Council's website 8L' https'.Ilwww.frc.org.ukJOur-WorklAudiVAudit-and-assurancelstandards-and-guidanlSIandardS-and-guldance-f0r- auditorslAudilors-responsibilities-for-audiUDescriptionnof-auditors-responsibililies-for-audil.aspx. This d8scripiion forns part of our audilor's repo Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACCESS FOR LIVING Use of our report This report is made solely to the charitable company's members, as a body. in accordance with Chapler 3 of Part 16 of the Cornpanies Act 2006. Our audit work has been undertaken so that we mighl state to the charitable company's members those matters we are required to state to them in an auditor's report and for no olher purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the Gharitable company's members as a body. for our audit work. for this report. or for the OFynions we have formed. John Howard (Senior Statutory Auditor) For and on behalf of Azets Audit Services Slalutory Auditor, Chartered Accountants 2nd Floor, Regis House 45 King William Street London EC4R 9AN Date.. 6 Nove[[er 2024 Page 8
ACCESS FOR LIVING STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Residential care homes and accommodation 1,334 1,863,191 2,156,734 Investment income Total 1,871,527 2,161,743 EXPENDITURE ON Charitable activities Residential care homes and accomm¢Jdation 1,971,827 2,366,995 Other 2,247 2,247 Total 1,974,074 2,369,242 NET INCOME (102,547) (207,499) RECONCILIATION OF FUNDS Total funds brought forward 863,660 1.071.159 TOTAL FUNDS CARRIED FORWARD 761113 863 660 The notes form part of these financial statements Pag8 9
ACCESS FOR LIVING BALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assets 259,894 246,676 CURRENT ASSETS Debtors Cash at bank 12 179,350 513 030 70,475 613 101 692,380 683,576 CREDITORS Amounts falling due within one year 13 (191,161) (66,592) NET CURRENT ASSETS 501.219 616.984 TOTAL ASSETS LESS CURRENT LIABILITIES 761,113 863,660 NET ASSETS 761113 863,660 FUNDS Unrestricted funds Designated funds G8noral funds 15 90.000 671113 90,000 773,660 TOTAL FUNDS 761113 863,660 These financial statements have been prepared in aOrdanCe with the special provisms of Part 15 of Ihe Cornpanies Ad 2006 relating lo charitable small companies. The financial statements were approved by the Board of Trustees on 28 October 2024 and were signed on its behalf by: The notes form part of these financial statements Page 10
ACCESS FOR UVING CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operallng activities: Cash generated from operations 83,395 245 600) Net cash provided by operating actlvltles Cash flows from Investlng activilies: Purchase of tangible fixed assets Net cash provided by <used in) investing actlvlties 166761 Change In cash and cash equivalenls in the reporting period Cash and cash equivalènts at the beginning of the reporting period {100,071) 1245,6001 613 101 858,701 Cash and cash equivalents at the end of the reportlng perlod 513.030 613,101 The notes form part of these financial stalements Page 11
ACCESS FOR LIVING NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period las per the statement of flnancial activities) Adjustments for: Depreciation Gharges Increasel{decrease} in debtor5 Increase in creditors {102,5471 1207.499) 3.458 (108.875) 124.569 2,774 1,580 42,455) Net cash provided by operating activities 83,3951 245,600) Page 12
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparatlon These financial statements have been prepared in accordan with the Financid Reporting Stsndard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"; the Companies Acl 2006,. and the requirernenls of the Statement of Recognised Practice, Accounting and Reporbng by Charitses {effective 1 January 20151. The financial statements have been prepared under the historical cost convention. The financial staternents are presented in sterling (£) which is also the fundional currency for the charity. Going conGern After reviewing the charity's forecasts and projections and taking inlo attount the economic condilions and possible trading perfomiance, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. The charity restructured at the end of 2022. and are predicting a defiat in 2025. which the charity has unrestricted nds to cover. The charity therefore continues to adopt the going con¢em basis in preparing its financial statements. Judgements and key sources of estimation un¢ertalnty The preparation of financial statements requires management to make JJgeMents. estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other Sour$. The estimates and underlying assumptions are based on hist(Yical experience and other factors thal are c{s1dered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on a continuing basis. Revisions to accounling estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and fvlure periods if the revision affects both current and future periods. Legal status The charity is a company limited by guarantee and has no share capita. Publlc Beneflt The charttable company meets the definition of a publrc benefit entity under FRS 102. Income Income is recognised when the charity ha5 entitlement to the funds," any perfomiance conditions attached lo Ihe income have been met.. it is probable that the income will be received; and that the amount can be measured reliably. Donation income including core grants, sponsorship. donations and gifts is included in full in the Statement of Financial Activities when receivable. Grants. where entitlement is not conditional on the delivery of specific performance by the charity. are recognised when the charity becomes unconditionally entitied to the grant. Incoming resources from charitable aclivrlies includes income from care homes and other accommodation. Investment income which includes interest on furKls held on deposit, is included when receivable and the amount an be measured reliably by the charity; this is nOMllY upon notification of the interest paid or payable by the bank. Page 13
ACCESS FOR LNING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Expenditure All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related lo the category. Expenditure is recognised where there is a legal or constructive obligalion lo rnake payments to third parties, it is probable that the setuement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Expenditure on Charitale activil'les - Residential care homes and aCcomdation. Irracoverable VAT is charge(l as an expenses against the aclivity for which expenditure arose. Allocatlon of support and governance costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include govemance costs, administrative office function costs. depreciation HR and recruilmenl and premises costs. They are incurred directly in support of expenditure on the objects of the charitable company. Governance costs comprise all costs involving Ihe public accountability of the charitable company and its compliance with regulations and good practice. These costs include costs related to the stslutory audit. Tanglble flxed assets Tangible fixed assets are statement at cost less accumulaled depreciation. Depreclation is provided on all tangible assets. at rates tslwlated to write off the cost of each assèt on a straight line basis over the assevs estimated useful lives as follows= Freehold land Freehold buildings Fixtures and fittings Office equipment Not depreciated Over 50 years straight line 250/0133Yo Straight line 25QA on cost Taxatlon The charitable company is considered to pass the lesls set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charily is potentially exempl from taxation in respect of income or capital gains received wilhin categories covered by Chapter 3 Part11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to Ihe exlenl that such income or gains are applied exdusively to chariiable wrposes. Fund accounting Designated funds - these are ftjnds set aside by Ihe Irustees oul of restricted general funds for specific future purposes or projects. Unrestricted general funds - these are funds which can te used in accordance with the charitable objects at the discretion of the trustees. Debtors Additional contract income receivable is measured al the amount due lo be received. Prepaymenls are valued at the amount prepaid. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investsnents with a short maturily of three months or less from the dat8 of acquisition or opening of the deposit or similar account. Creditors and provislons Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due lo settle the obligation can be measured or estimated reliably. Other creditors and accruals ar& recognised at their seltlement amounl due. Page 14
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Financial Instruments The charity only has financial assets and financial liabilib'es of a kind that qualify as basic financial instrument. Basic financial inslruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Operating leases Rentals applicable to operating leases, where subslantially all of the benefits and risks of ownership remain with the lessor, are charged lo th8 Statement of Financial Activities as incurred. DONATIONS AND LEGACIES 2024 2023 Contributions towards pension costs 1,334 INVESTMENT INCOME 2024 2023 Bank interest 8.336 3,675 INCOME FROM CHARITABLE AcnvmES 2024 2023 London Borough of Lewisham Bargery Road Registered Care Horne- Lewisham Bargery Road Registered Care Home- Bromley Outreach service COVID-19 funding 1.334.833 183,964 44.706 299.688 1,516.309 305,250 281,207 53,968 1863 191 2,156.734 CHARITABLE ACTIVITIES COSTS Support costs {Sèe notè 61 Direct costs Totals Residenlial care homes and accommodation 1803 685 1971827 Page 15
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMEKfs - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Support Govemance services costs Administration Totals Residential care homes and accommodation 168 142 NET INCOMEI(EXPENDITURE) Net incomel{expenditure) is ststed after chargingl(credits'ng): 2024 2023 Auditors. remuneralion Auditors, remuneralion for non-audit work Depreciation - owned assets 8.400 2.6411 3.458 7,200 2,340 TRUSTEES. REMUNERATION AND BENEFITS None of the trustees received any remuneratton in Ihe year (2023. £Nil). Trustees. expenses During the year. none of the Trustees had expenses 1mbur$ed {2023.' £Nil) STAFF COSTS 2024 2023 Total staff emoluments for the year were as follows.. Salary costs National insurance Pension costs 1.576.084 142,395 1.989,160 154,864 44.614 1762 928 2.188.638 Included in salary costs are amounts paid to agency staff of £61,996 (2023: £63.628). Included in staff costs are arnounts categorised as Outreath costs of £248.68312023'. £244,333). The average number of people. excluding trustees. employed by the company during the year amounted to 54 {2023.' 62). of which 4 {2023= 41 were administrative. The number of employees whose emoluments fell within the following bands. were.. 2024 No. 2023 £60.000- £70,000 £90,001- £100,000 £180,001- £190,000 Pension contributions totalling £Nil {2023.' £nil) were made to final salary schemes in respect to the above higher paid employee. Pension contributions relate to contributions to money purchase pension schemes for rtain staff and to a Government Scheme or NHS Superannualion Scheme on behalf of certain other staff. At the balance sheet date 5 staff (2023.. 6} were accruing benefits under nK)ney purchase pension schemes. and nil staff12023'. 11 were accruing benefits under final salary schemes and 44 staff {2023.' 511 were accruing benefits unijer the defined contribution workplace pension scheme. NEST. Page 16
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - COPINuED FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS (continued) The key management of the charilabte company comprise the Trustees, th8 2 Directors, the 3 Service and Development Managers12023'. 4). The Trustees do not receive any remuneration for this role. The lotsl employee benefits of the key management personnel for the charitable company were £262.15412023'. £440.826). 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies Other granls Charitable actlvitles Residential Gare homes and accommodation Inveslment income 1,334 2,156.734 3.675 Total 2,161,743 EXPENDITURE ON Charitable activities Residential care homes and accommodation 2,366,995 Other 2,247 Total 2.369,242 NET INCOME (207,499) RECONCILIATION OF FUNDS Total funds brought forward 1,071,159 TOTAL FUNDS CARRIED FORWARD 863.660 Page 17
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Freehold Fixtures and property fittings Office equipment Totals COST Al 1 April 2023 Additions Disposals 262,372 2,054 8,999 56.201 7,677 320,627 16,676 Al 31 March 2024 337 303 DEPRECIATION At 1 April 2023 Charge for year Eliminaled on disposa 15.729 2,248 2.051 937 56,168 273 73,951 3.458 At 31 March 2024 17.9n 1991 NET BOOK VALUE At 31 March 2024 244,395 259.894 At 31 March 2023 246.643 33 246.676 Included in Freehold property is £150,000 {2022: £150,000) relating to land. 12. DEBTORS: AIIOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Additional contract income receivable other debtors Prepayments and accruèd InMe 147,148 1.293 38,595 850 31,030 179 350 70,475 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade cr8dilors Other creditors Accruals and d8ferred income 59,919 2,000 129 242 30,273 6,124 30,195 191 161 66,592 13a. DEFFERED INCOME 2024 2023 Al 1 April 2023 Additions during the year Amounts released lo income 90.600 Al 31 March 2024 90.600 Pag8 18
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS . CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 14. LEASING AGREEMENTS The charity had total commitments under an operaling lease as foll0v. 2024 2023 Expiring= Within one year Between one and five years In more than five years 39,500 132,352 34,000 136,000 11,923 171,852 181,923 At the 31 March 2024 the charity had annual commilments under an operating lease as follows- 2024 2023 Expiring.. Within one year Between one and five years In more than five years 39,500 34.000 15. MOVEMENT IN FUNDS Net movement in funds At 114123 At 3113124 Unrestri¢ted funds General fund Redundancy costs 773.660 90,000 1102.547) 671.113 90,000 863.660 (102.5471 761,113 TOTAL FUNDS 863,660 102,547) 761.113 Net movement in funds. included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestricted funds General fund 1,871,527 (1,974,074) {102,547) TOTAL FUNDS 1.871,527 {1,974,074) (102,547) Page 19
ACCESS FOR LMNG NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS (continued) Comparalives for movement in funds Net movement in funds At 114122 At 3113123 Unrestricted Funds General fund Redundancy costs 821.159 250,000 (47,499) 160,000) 773,660 90,000 1.071,159 {207.499) 863,660 TOTAL FUNDS 1.071.159 207,499) 863 660 Comparative net movement in funds. included in the above are as folk)ws'. Incoming resources ResoUe$ expended Movement in funds Unrestricted funds General fund Redundancy costs 2.161.743 (2.209.242) 1160.000) 147,499) (160,000) TOTAL FUNDS 2161743 2,369,242) 207,4991 Designated funds fomi part of unrestricted funds and relate to amounts sel aside by the Trustees to meel specific future requirements of the organisation. The above designated fund was established by the directors lo cover for potential redundancy costs arising on any future termInaD of the company's major contract. 17. CONTINGENT LIABILITIES Supported Living contracts are awarded for each project for up to 5 years, with each service user at th8 project having an individually costed contract. The Registered Care tme is owned by Aws for Living, wtth service user at the project having an individually costed contracL The company also has spot contracts for Outreach services. The Directors have designat8d £90.000 of the company's reserrfes to cover potential redundancy costs. 18. RELATED PARTY DISCLOSURES In the year ended 31 March 2024. £Nil (2023". £49.975) was received from Morrison Spowart Solicitors for legal advice. a fimi in whiGh a trustee is a partner. There were no other related paty transactions in the year. 19. COMPANY STATUS The company is limited by guarantee and does not have a share capttd. The liability of the members in the event of winding up is limited to £1 each. Page 20