REGISTERED COMPANY NUMBER: 02796791 REGISTERED CHARITY NUMBER: 1031066 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR ACCESS FOR LIVING
ACCESS FOR LIVING CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pa9e Report of the Trustees 1to5 Report of the Independent Auditors 6t08 Statement of Financial Activities Balanc8 Sheet Cash Flow Statement Notes to the Cash Flow Statement 12 Notes to the Financial Statements 13to20
ACCESS FOR LIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of tre charity for the year ended 31 March 2025. The trustees have adopted Ihe provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (8ffectsve 1 January 20151. OBJECTIVES AND ACTIVITIES The charitable company was formed to maintain and manage residential care homes and other fomis of accommodation, lo 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 impiovernent In available services. The Company's Articles of Association were updated in April 2023 Maln obJe¢tlves for the year These were to'.- Retain all existing servi$ and gain additional services Reduce reliance on one purchaser by diversifying into other boroughs and other Servi types. Provide a quality service responsive to seNice users needs. Ensure all quality standards are met, and maintained. ensuring a CQC rating of Good is fflained lor improved onl. Strategles for achlevlng those objectlves Main strategies for achieving these objectives are.'_ Review of previous tenders, identifying areas where these could be Strengthened, Marketing Access for Living in other boroughs, and making links with Commission&rs. Proacts'vely s88king opportunib'6s in Lewisham and other boroughs, attending Market Warming Events, and evaluating opportunities. Introduction of Quality Assurance Workbooks, quality and CQC standards are regularly revlewed at Management Meetings Person Centred Plans, which are based on the individual's n8eds and future plans. These aré reviewed regularly, and monitored al staff meetings and supervisions. Introduction of a monthly Servi user forum, as well as continuing with annual Servi user's questionnaires, ensure that all members of staff have received comprehensive training, including Induction for new staff, Introduction of a family forum which tre Chair of the Trustees chairs, as well as continuing with an annual questionnaire. All of the above are monitored as part of our Quality Assurance process. with a quarterly report to the Trustees on Key performan Indicators. ACHIEVEMENT AND PERFORMANCE In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit. During the year Access for Livirig wntinued to provide support to individuals with learning disabilities living in their own homes. This includes support to 5 people in a Registered Care Home, 18 people in Supported 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 with personal care lif necessary), helping service users lo maintain their home cleaning, shopping, cooking, helping service users find employment, supporting servic8 Users to participate in activities going out to cinema. concerts etc, supporting seNice users to go on holiday, supporting people with medication, supporting people with their finanTrs - completing benefit forms etc. Access for Living has contracts with the London Borough of Lewisham and London Borough of Bromley to provide support to individuals with leaming disabilities. Access for Living did not undertake any fundraising activities. The only volunteers during the year were the Trustees. Page 1
ACCESS FOR LIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE {Contlnuedl Review of Objectives: The delay in renewing the TenderFramework within the London Borough of Lewisham meantno newserwceswere tendered in 2024125, limiting opportunities to grow our provision. Existing Supported Living contracts have been extended, ensuring continuity of care. We also received a 'Requires Irnprovement, CQC rating., however, we have already implemented c18ar actions lo address the aaS highlighted and a confident these steps will support us in achieving a 'Good' rating at the next inspection. FINANCIAL REVIEW The company made a profft in the year ended 31 March 2025 £357,131 {2024'. loss of £102,547}. The Management Committee considers the performance of the company during the year lo be satisfactory. At the balance sheet date, the company has a cumulative surplus of £1,118,24412024'. £761,113) of which £90,000 has been designated by the Management Comm ittee lo be held as reserves to provide for potential costs arising on any future termination of the company's contract Resarv6s Policy The company maintains a policy on r8s8rv8s such that sufficient reserves are retained to cover potèntial redundancy and other costs should the company's contracts not be renewed. At 31 Mar¢h 2025 the dlréctors consider that £90.000 contingency re8eNes is sufflclent for this purpose. however this amount and the selveS policy will be reviewed in March 2026. Tris is based on the understanding that if a Servi is lost then the dlrècl support staff are eligible to be TUPE'd lo the new provider. Flnancial Dependency and Golng Concern Most of thé current services are funded through thè London Borough of Lewisham. The service for 1 seNic8 user is fund6d by London Borough of Bromley. There arè separate contracts for thé Registered Car8 Home and each Supported House16 contracts in all). The Committee, Directors and Senior Management Team have produced a strategic plan to retsin current contracts and explore opportunities in neighbouring boroughs for newladdilional conlracls. Work will also be undertaken to diversify the client group witrin Lewisham The Outreach services are contracted on an individual basis, and the duratron of the contracts varies. Investment Pollcy There are no restricts'ons on the charity's power to invest The investments held by the company, which are all in interest béaring bank accounts. have been aGquir&d in accordance with the powérs available to the Management Committee. FUTURE PLANS Aims for 202512Q26 These are to"_ ensure that all all service users are supported to live In their own homes, parbcipate in their local communities and develop as individuals in the context of the following 6 core values.. Empowering, Person Centred, Outcome- focused. Holistic, Flexible, and Safe. ensure that service users and their families have the opportunity to influence the services they re1ve and ensure finance stability of the company Including diversification. Page 2
ACCESS FOR LIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FUTURE PLANS IContlnu8d) Key Objectives and how they will work To relain all existing seNices and regain services up to the profile in 2019 making Access for Living the provider of choice for 24 hour residential support for People with Learning Disabilities eVIdend by providing 10 residents'al {24 hour) support sesvices including Bargery Road. To future proof the organ15ation by extending AfL support provision to other boroughs, support arèas, or individuals in order to reduce reliance on one purchaser. To control costs lo ensure that monies are utilised effectively. including use of agency staff. This will indude improved monitoring systems, and review of suppliers le.g. utilib'esl. To consolidate Outreach and its income, through expansion. This will be done by cor)tinuing to provide flexible high quality ser4ice, maintaining good relationships with the social work team, ensuring that the cost of outreach support remains support remains competitive and by regularly reviewing the optimal level of staffing required. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Access for Living is a private charitable company, limited by guarantee and registered In England, number 02796791. Mombers, liability is limited lo £1 each. Th8 company is also a Registered Charity, number 1031066. The company is govemed by ils Memorandum and Articles of Association. Trustee8 The Management Committee during the year cornprised the following trustees, who were also the members of the company and directors of the charitable company during the year,. M Moorey (Chairl R Dixon (Treasurer) J Bowden J Crowléy The Management Committee determine the general poli¢y of the company in accordance with the company's Memorandum and Articles. The day to day management of the company is delegated to the Directors and their staff. Trustees are appointed lo the Management Committee at the invitation of the existing Management Committee, subsequent to a review by the Management Committee of their suitability, No trustee had an Interest in any contract or arrangement of a material nature with the company during the year under review. Mèthods for recruiting and appointing trustees If an individual wishing to join the Board approaches AFL then we would initially provide information about the organisation and the role of the Trustee, and ask them to 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 sit in on a Committee Meetr'ng. The final step would be for them lo confim they wished to join the Board, and for a vole lo be taken. Policles & procedures for Inducting and training trustees All new Tru51ees are given a Trustee Induction Pack. on they have joined the Board, arrangements are made for them to meet with the Directors, and lo visit a setvice. They would also meet W1th other Committee Members, and if they had not served as a trustee p viously training on the role and resportsibilities would be organised Ma an external ag&ncy. 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 regularly subject to external audit by London Borough 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 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02796791 Registered Charity nurnber 1031066 Registered office Unit 9 Southbrook Mews Southbrook Road London SE18 8LG Trustees M Moorey R Dixon J Bowden J Crowley - Resigned 7 October 2025 S Connor- Appointed 4 April 2025 Company Secretary M Tatum Audltors Azets Audit Services Statutory Auditor 2nd Floor. Regis House 45 King William Street London EC4R 9AN Banker8 Handlesbanken Corinthian House Galleon Boulevard Dartford DA2 6QE Key management personnel: Directors B Kelly M Taturn Service & Development Managers K Gal6-Corkér T Glyn C Major K Powley Page 4
ACCESS FOR LIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the directors of Access For VIng for the purposes of company lawl are responsible for preparing the Report of the Trustees and the finanaal statements in accordanco with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial staternents for each financial year which give a troe and fair view ol the state of affairs of the charitable company and of the incoming resources and applicab.on of resources, Including the income and expenditure, of the charitable company for that period. In preparing those financial slalements, the trustees are required lo select suitable accounting policies and tren apply them consisténtly., observe the methods and principles In the Charity SORP,. make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees 8re responsible for keeping proper accountlng records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial slalements comply with the Companies Act 2006 They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for th8 prevention and detecti'on of fraud and other irregularities. In so far as the trustees a aware.. there is no relevant audit infonmalion of which the charitable company's auditors are unaware., and the trusle6s have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomalion and to establish that the auditors are aware of that information. AUDITORS The auditors will bè proposed for re-appointment at the forthcoming Annual Gèneral Meeting, This report has been prepared in accordan with the special provisions of Part 15 of the Companiès Act 2006 relating to small companies. Approved by order of the board of trustèes on 7. 10. 2025 and signèd on Its behalf by.. Ms Tatum - Secretary Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACCESS FOR LIVING Oplnlon We have audited the financial statements of Access for Living (the 'charilable company'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet. the Cash Flow Statement and notes lo the financial statements. including a summary of signiffcant 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 Slandard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as al 31 March 2025, and of ils incoming resources and application of resources, including its income and expenditure, for the year then ended., have been propedy prepared in accordanTr with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with Inlemalional Standards on Auditing IUK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit ol the financial statements section of OUT report. W6 ar8 independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial slalemenls in the UK, induding tho FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thatthe audit evidence we have obtained is suff cienl and appropriate to provide a basis for our opinion. Conclusions relang to going concern In auditing the financial slalements, we have concluded that the trustees, use of the going concern basis of accounting in th6 preparation of the financial statements is appropriaté. Based on the wort< we have performed, we have not identified any malerisl uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going conrn for a rIOd of at least Ie1ve months from when the financial statements are authorised for issue. Our responsibilities and the re5ponsibililigs of the trustees with respect to going concern are described in the rélevant sections of this r8porL Other Informatlon The other infomation compnses the information included in the trustees annu81 report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the othèr information contained within thè annual report, Our opinion on tre financial slalements does not cover the other information and, except to the extent otheNise explicitly slated in our report, we do not express any forn of assuranTr conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit or otherwise appears lo be materially misslalgd.11 we identify such material inconsistencies or apparent material misststements, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are iequired to report that fact. We have notring to report in this regard. Oplnions on other rnatters pres¢rlbed by tho Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given ITh the trustees, report (incorporating the dire¢lors' reportl for the financial y8ar for which the financial statements are prepared is consistent with the financial statement5', and the trustees, 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 knowledge and understanding of the chantable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. 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.. adequat8 accounting records havé not been kèpt. or rèturns adequate for our audit have not been receivéd from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of directors, remuneration specified by law are not made., or we have not reiVed all the information and explanation5 we require for our audit., or the Injstees were not enlilled to prepare the financial slalements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors. report and from the requirement lo prepare a strategic report. Responslbilitles of trustees As explained more fully in the trustees, responsibilities statement set out on page 7, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fairview, and for such inlemal control as the trustees detemiine is necessary lo enable the preparation of financial statemènts that are freé from matérial misstatement, whether due lo fraud or èrror. In preparing the financial statements, tha trustees are responsible for assessing the charitable company's ability lo continue 8s a goirKJ concern, disclosing, a5 applicable, matters related to going concern and using the going conrn basis of accounting unless the trustees eithér intend lo liquidate the charitabl8 company or to cease operations, or have no realistic alternative but to do so. Auditor's rospon$lblllties for the audlt of the flnanclal statomant8 Our objecb'vés are to obtain reasonable assurance about whether the financial ststements as a whole are frée from material misstaternent, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable 8ssurance is a high level of assurance, but is not a guarantee that an audit Conducted in accordance with ISAS IUK} will always delect a material misstatement when it exists. Misslalement5 can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence thé economic decisions of users taken on the basis of these financial stalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We désign procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularilies, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.. Reviewing the reports of any regulatory insp8Ctions carriéd out in the year., Enquiry of management and those charged with govèrnance around actual and potentl81 litigation and claims as well as actual, Suspected and alleged fraud., Reviewing minutes of meetings of those charged with governance., Assessing the extent of compliance with the 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 documantation lo assess compliance with applicable laws and regulations., Performing audit work over the fisk of management bias and override of controls, including testing of journal entries and other adjustsnenls for appropriateness, evaluating the business rationale of significant Iransactions outside the normal course of business and reviewing accountsng estimatès for indicators of poÈential bias. Because of the ir)herent limitations of an a11, there is a risk that we will not delect all Irregularities, including those leading to a material misstatement in the financial statements or non<0mplian with regulation. This risk increases the More that Complian with a law or regulation is removed from the events and transactions reflectad in the financial statements, as we will be less likely to become aware of instances of non-complian. The risk is also greater regarding irregularities OCCUrriKE due lo fraud rather than error, as fraud involves intentional concealrnent, forgery, collusion, omission or mbsrepresentalion. A further description of our responsibilities is available on the Flnanclal Reporting Council's website at.. https".Ilwww.frc.org.uklOur-VVorklAuditlAUdit-and-assuranTrlStandards-and-guidanISlandardS-3nd-gUIdanCe-fOr- auditorslAuditors-responsibilities-for-audiVDescription-of-auditors-responsibililies-for-audit.aspx. This description forms part of our auditorfs report Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACCESS FOR LIVING Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might state lo the charitable company's rnembers those matters we are required to state to them in an audiloff s report and for no other purpose. To the fullest extent pemiitted by law, we do not apt or assume responsibility to anyone other than the charitable company and the Charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. &t- SLrknLLJJ John Howard (Senior Statutory Auditor) For and on behalf of A2ets Audit Services Siatulory Auditor. Chartered Accountants 2nd Floor. Regis House 45 King William Street London EC4R 9AN Date.. 20 November 2025 Page 8
ACCESS FOR LIVING STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Residential care homes and accommodation 2,444,014 1,863,191 Investrllentinmme Total 2,4SO,539 1.871,527 EXPENDITURE ON Charitable activities Residential care homes and aGcommodalion 2,091.161 1,971.827 Other Total 2.093,408 1.974,074 NET INCOME 357,131 (102,5471 RECONCILIATION OF FUNDS Total funds brought forward 761,113 863,660 TOTAL FUNDS CARRIED FORWARD 1118244 761 113 The notes fomi part of these financial statements Page 9
ACCESS FOR LIVING BALANCE SHEET AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets 11 260.331 259,894 CURRENT ASSETS Debtors Cash at bank 12 341.419 651431 179,350 513030 992.850 692,380 CREDITORS Amounts falling due within one year 13 1134,9371 1191,1611 NET CURRENT ASSETS 857913 501219 TOTAL ASSETS LESS CURRENT LIABILITIES 1,118,244 761,113 NET ASSETS 1 118244 761 113 FUNDS Unrestricted funds Designated fvnds Gèneral funds 15 90,000 1028 244 90,OC 671 113 TOTAL FUNDS 1118 244 761,113 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The financial statements were approved by the Board of Trustees on its behalf by, and were signed on -Trusl The notes fomi part of these financial statements Page 10
ACCESS FOR LIVING CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Not&s Cash flows from operatin9 activities: Cash generated from operations 145 287 Net cash provlded by operatlng actlvities 145,287 Cash flows from Investlng actlvStiès: Purchase of tangib5e fixed assets 16,676 Net cash provided by (used in) investing activitles 18.678 Change in cash and cash equlvalents In the reporting period Cash and cash aquivalènts at tha beginning of the r•portlng perlod 138,401 1100,071) 513030 813 101 Cash and cash equlvalents at the end of the reportlng period 651431 513030 The notes form part of these financial statements Page11
ACCESS FOR LIVING NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income forlhe reporting period las per the statement of financial activities) Adjustments for: Depreciation charges {Increaselldecrease in debtor5 Increasel{decreasel in creditors 357.131 {102,5471 6.449 (162.069) 56,2241 3,458 {108,8751 124 569 Net ¢ash provlded by operating actlvltios 145 287 Page 12
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparatlon These financial statements have been prepared in accordan with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Companies Act 2006,. and the requirements of the Statement of Recognised Practi, Accounting and Reporb'ng by Charib'es (effective 1 January 2015). The financial statements have been prepared under the historical cost convention. The financi21 statements are presented in sterting 1£) which is also the funcb'onal currency for the charity- Going concern After revEwing the charity's forecasts and projections and taking into account the economic conditions and possibl8 trading perfomiance, the trustees have a reasonable expectation that the charity has adequate resources lo conb'nue in operational existence for the foreseeable future. The charity reStruCtud at the end of 2022, and are predicting a deficit in 2025, which the charity has unrestricted funds to cover. The charity therefore continue5 to adopt the going concern basis in preparing its financial ststements. Judgements and kgy sources of e8timation un¢&rtainty The PFeparalion of financial statements requires management lo makè judgémènts, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources, The estimates and underlying assumptions are based on historical experien and other factors that are considered lo be relevant, Actual results may differ from these estimates, The estimates and underlying assumptions are reviewed on a continuing basis, R8vi8ions to accounting estimates are recognised in the period in which the estimate is revised if the revision aff8cls only that period, or in the pèriod ol the revision and future periods if the revision affects both current and fijture periods. Legal gtatus The charity is a company limited by guarantee and has no share caprtal. Publ1¢ Beneflt The charitable company meets the definition of a public benefit entity under FRS 102. Income Income Is recognised when the charity has entitl8ment to the funds., any performance conditions attached to the income have been met-, il is probable that the incom8 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 re1Vable. Grants, where entitlement is not conditional on Ihe delivery of specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Incoming resources from charitable activities includes income from care homes and other accommodatlon. Inveslrnent income which Includes interest on funds held on deposit, is included when receivable and the amount can be measured reliably by the charity., this is nom)ally upon nolifiGation of the interest paid or payable by the bank. Paga 13
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligatson to make payments to third parties. il is probable that the settlement will be QuIred and the amount of obligation can be measured reliably. 11 is categorrsed under the following headings.. Expenditure on charitab18 aclNlties Residential care homes and accommodation. Irrecoverable VAT is charged as an expenses against the activity for which expenditure arose. Allocation of support and goveman¢6 costs Support costs are those that assist th& wotk of the charity but do not directly represent charitable activities and include governance costs. administrative office function costs, depreciation HR and recruitment and premises costs. They are irpcurred directly in support of expenditure on the objects of the charitable company. Governance costs comprise all costs involving the public accountability of the charitable company and its compliancè with regulations and good practice. These costs include costs related to the slatulury audit. Tanglbla fixed assets Tangible fixed assets are statement al cost less accumulated depreciation. Depreciation is provided on all tangible assets, at rates calculated to wnle off the cost of each asset on a straight line basis ovér the assevs estimated useful lives as follows.. Freehold land Freehold buildings Fixtures and fittings Office equipment Not depreciated Over 50 years straight line 25O/o1330/¢ straight line 250 on cost Taxation The charitable company is considered lo pass the tests set out in Paragraph 1 Schedule S Finance Act 2010 and therefore il meets the definition of a charitabl8 company for UK corporation tax purposes. Accordingly, the charity is pol8nb.alty exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Fund accountlng Designated funds - these are funds $81 aside by the trusteés out of unrestricted general funds for specific future purposes or projects. UnTestn'cted general fvjnds - these are ftjnds which can be used in accordance with the charitable objects at the discreb'on of the trustees. Debtors Additional contract income receivable is measured at the amount due to 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 investments with a short Maturity of three months or less from th8 dale of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors are recognised where the charity has a present obligation resulting frorn a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligats'on can be measured or eslmated reliably. Other creditors and accruals are recognised at their settlement amount due. Page 14
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Financial instruments The chaTity only has financial ass8t5 and financial liabilities of a kind that qualify as basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exceptlon of bank loans which are subsequently rneasured at amortised cost using the effective interest method. Operatlng leases Rentals 8pplicable to operating leases, where substsntialTy all of the benefits and rSsks of ownership remain with the lessor. are charged to the Statement of Financial Activities as incurred. DONATIONS AND LEGACIES 2025 2024 Contributions towards p8nsion costs INVESTMENT INCOME 2025 2024 Bank interest 8336 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 London Borough of Lewisham Bargery Road Registered Care Home- Lewisham Bargery Road Registered Care Home- Bromley Outreach service Other voluntary income 1,612,824 426,692 83,235 315,193 1,334,833 183,964 44,706 299,688 2444 014 1863,191 CHARITABLE ACTIVITIES COSTS Support Costs {See note 61 Direct costs Totals Residential care homes and accommodation 1920 426 170735 2 091161 Page 15
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Support Governance servlces costs Administratlon Totals Residential care homes and accommodation 170 735 NET INCOMEI{EXPENDlfURE) Net incornellexpendilurel is staled after chargingllcrediting)". 2026 2024 Auditors, remuneration Auditors, remuneration for non-audit work Depreaalion - owned assets 9,000 4,020 8,400 2,640 3458 TRUSTEES. REMUNERATION AND BENEFITS None of the trustees received any remuneration in the year12024', £Nill. Trustees. expenses Dunng the year, none of the Trustees had expenses reimbursèd12024. £Nill STAFF COSTS 2025 2024 Total staff emoluments for the year were as follows.. Salary costs National insurance Pension costs 1,673,921 158,201 1,576,084 142,395 1884 $90 1762 928 Included in salary costs are amounts paid lo agency staff of £44,798 {2024.' £61.9961. Included in staff costs are amounts cat8goris8d as Outreach costs of £233.31012024.' £248,683} The average number of people, excluding Iruslees, 8mployed by the company during thè year amounted to 56 12024.. 54), of which 412024.. 41 were administrative. The number of employees whose emolumènts fell within th8 following bands. were.. 2025 2024 No. £60,000 - £70,000 Pension contributions lotalling £nil12024'. £nil) were made to final salary Schemes in respect lo the above higher paid employee. Pension contributions relate to contributions to money purchase pension schemes for certain staff and lo a Govemment Scheme or NHS Superannuation Scheme on behalfofcertain other staff. At the balaTr sheet date 5 staff (2024." 51 were accruing benefits under money purchase pension schemes, and nil staff {2024.' nil) were accruing benefits under final salary schemes and 50 staff12024: 441 were accruing benefits under the defined conlributs.on workplace pension scheme, NEST. Page 16
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS (continued) The key management of the charitable company comprise the Trustees, the 2 Directors, th8 4 Service and Development Managers12024. 51. The Trustees do not receive any rerrtuneration for this role. The total employee benefits of the key management personnel for the charitable cnmpany were £317,275 {2024'. £262,154). 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies Other grants Charitable a¢VItIeS Residential Care homes and accommodation Investment incomé 1,863,191 Tota5 1,871,527 EXPENDITURE ON Charltable activities Residential care homes and accommodation 1,971,827 Other Total 1.974,074 NET INCOME (102,5471 RECONCILIATION OF FUNDS Total funds brought forward 863.660 TOTAL FUNDS CARRIED FORWARD 761 113 Page 17
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 11. TANGIBLE FIXED ASSETS Freehold Flxtures and property flttings Office equlpment Totals COST Al 1 April 2024 Additions Disposa15 262,372 11,053 5,936 63,878 950 337.303 6,886 At 31 March 2025 262,372 344 189 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 17,977 2,248 2,991 2,250 56.441 1.951 77,409 6,449 At 31 March 2025 NET BOOK VALUE Al 31 March 2025 242 147 11.748 At 31 March 2024 244 395 8062 7,437 259,894 Includéd in Freehold prop8rty is £150.000 (2024.. £150,000) rèlating to land. 12. DE8TORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2024 Additional contract income re1vabl& Other debtors Prepayments and accrued income 317,194 5.028 147.148 1,293 341419 179 350 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditor5 Accruals aTrd deferred income 2.832 59,919 2,000 129 242 132 105 134937 191,161 13a. DEFFERED INCOME 2025 2024 Al 1 April 2024 Addibon5 during the year Amounts released lo income 90,600 91,279 90,6001 blJ.6(J] At 31 March 2025 91,279 .600 Page 18
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 14. LEASING AGREEMENTS The charity had total commitrnenls under an operating lease as follows.. 2025 2024 Expiring.. Within one year BetNeen one and five years In more than five years 39,51)0 92.852 39,500 132,352 At the 31 March 2025 the charity had annual commitments under an operatin9 lease as follows.. 2025 2024 Expiring.. Vmlhin one year Betheen one and five years In more than five years 39,500 39,500 15. MOVEMENT IN FUNDS Net movement In lund3 At 114124 At 3113125 Unrestrlcted fund5 General fvnd Redundancy costs 671.113 357,131 1,028,244 90,000 761,113 357,131 1,118,244 TOTAL FUNDS 761 113 357 131 1118 244 Net movement in funds, included in the above are as follows.. In¢omlng resources Re8our¢es expended Movement in funds Unre8trictod funds General fund 2,450.539 (2,093,408) 357.131 TOTAL FUNDS 2.450.539 (2,093,408) 357.131 Page 19
ACCESS FOR LIVING NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS {continuedl Comparatlves for movornent in funds Net movement in funds At 114123 At 3113124 Unrestricted funds General fund Redundancy costs 773,660 1102,547) 671,113 90,000 863,680 (102,5471 761,113 TOTAL FUNDS 102 547> 761.113 Nel movement in nds, included in the above are as follows.. Incoming r680urces Resources expended Movernent in funds Unr•strictgd funds General fund 1,871,527 {1,974,074) 1102,5471 TOTAL FUNDS 1,871,527 (1,974,074) (102,5471 Designated funds form part of unrestricted funds and relate to amounts sel aside by th8 Trustees lo m6el spècific future requirements of the organisation. The above designated fund was established by the directors to cover for Potential redundan¢y costs arising on any future termination of the company's major contract. 17. CONTINGENT LIABILITIES Supported Living contracts are awarded for each proj8ct for up to S years, with each service user al the project having an individually costed contract. The Registered Care home is owned by Access for Living, wlth each servicè user at the projéct having an individually costed contract. The company also has spot contracts for Outreach services. The Directors have designated £90.000 of the company's reserves lo cover potential redundancy costs. 18. RELATED PARTY DISCLOSURES There were no related party transactions in the year. COMPANY STATUS 19. The company is1imited by guarantee and does not have a share capital. The liability of the members in th8 event of winding up is limited to £1 each. Page 20
ACCESS FOR LIVING DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2025 2024 INCOME AND ENDOWMENTS Donations and legacios Other income Investment In¢ome Bank interest 6,525 8,336 Charitable activitie8 LSLHA LSLHA (Bargery Road) Additional contracts Other voluntary income 1,612,824 509.927 315,193 1,334,833 228,670 299,688 2 444 014 1863 191 Totsl Incomlng rosources 2,450,539 1,871,527 EXPENDITURE Charltablg activities Salaries Salaries - Agency cover staff Recruitmant costs Community development Bargery road expenses Statutory fees 1,592,120 69.160 362 233,310 34,451 1,441,194 73,052 1.515 248,883 36,621 1,920,426 1,803,685 Other Fréehold propety 2,247 2,247 Support costs Admlnlstration other professional costs Rent and rates Heat and light Printing and stationery Photocopier costs Telephone Expenses and sundry costs Hospitslitylinformalion days Health and safety Travel and subsisten Deprecialion charge Office cleaning Office security Insurance Repairs and renewals Personnel ser4ices Office equipment Bank charges 3,821 55,127 11,978 1,741 3.238 10.811 7,809 3,645 3,131 1.347 4,202 10,400 1,802 16,952 740 260 6,461 634 55,924 17,209 1,755 2,250 9,448 5,032 2.461 4,742 877 1,211 10,259 1,880 18,653 206 5,625 607 144,099 138,139 This page does not form part of the statutory financial statements Page 21
ACCESS FOR LIVING DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Supportservicos Payroll services Training 10.780 8,075 Governance co$t$ Auditors, remuneration Auditors, remuneration for non-audit work 16,146 13,254 9,000 8,400 Total resources expended 2,093.408 1,974,074 Net Income 367 131 102.547) This page does not form part of the statutory financial statements Page 22