PLUS PLUS (Providence LINC United Services) Registered Charity 1031595 Registered Company Number 02782712 ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 lllll ACIUDAIII 2111212023 COMPANIES HOUSE A11
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PLUS (Providence UNC United Services) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Contenls Poge no. Relerence and Admlnislrotive detdls Objects and Valves Shvclwe. Govemance and Mono9ernent Induction ol Trvstees Consultation wth Service User5 Employee consl0110n t< Impact Report Public Benefit 4 Stralegic Report Achievemenls in 22-2 8usiness Aims lor 2023-24 linanciol Review Risk Monogemenl - Review ol Reserves Remuneration 14 Investm•nl Poky 23 % Respon$lblllNes of the TrL•dees 26 t4 Independent Audllor's RepL¥l D statement of ffnancial Activilies Balance Sheet statement of Cash Flows Li Note$ fomiing ptyl d the Ilnonclal slolements 351040
PLUS {Provldence Unc Untted Services) ANNVAI REPORT OF THE TRUSIEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 Reference and Administrative Delails Conslllullon PLUS IPTovidence LINC United SeICe$l is o Compony timiled by Guoranlee and a Registered Charity governed by its Memorondvm ond Articles ol Association. Charity number: 1031595. Compony number.. 02782712 Dlrecfors and Trustees The diieclcys ol the choriloble compony r'ihe Charily'l ore it5 trustees lor the purpose ol chorily law and throughout this rep(xl are collectively referred to os the truslees. The Iruslees ot the dole ol the report ore.. Dovid Dannreulher. Chairmon Sarah Brood Ester Janko Mulcahy t)ovid Scoll Jon Keane Joon Anim-Addo Chlel Exe¢utAve and Company Secretary.. Sally Penninglon Reg'steffjd Office". 6. Belmont Hill. Lewishom. London SEI 3 580 Auditor mOe Kingston Smith LLP. 9 Appold Street. London EC2A 2AP 8unkers.- Borcloy3 Bonk ¢. 93 High Slreel. Lewisham. London SEI 3 68B Cozenove Copilol l London Woll Place. London EC2Y SAU The Iruslees present Iheir report. logether wilh the linonciol slolemenls of the Chorily lor the year ended 31 March 2023. Legol ond odministrotive inlormotion sel out on poge 3 forms part ol Ihis report. The financial statements comply with currenl slotuttjy requirements.. the memorandum and orticle5 01 ossociotion ond the Statement ol Recommended Proclice ond Accounting and Reporling by Chorilies including Update Bulletin 2. Poge 4 0148
PLUS {ProvldeThce Linc United Services) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 AIARCH 2023 Ob'ecls and Values Our Charilable Objects Providing relief lor people with leoming difficultEs in porticur by the proviyon of resKlenfiol core seryices ond 5vppc¥I seryices lo such pwons. Our Mlsslon Statemenl We fecognise ond celetoIe Ihe ry(ErEss ofeveryythL1lT1h o (knbtity. We ore committed to embthng Qn01 growlh now fcy I1 fLJt(ffe. eoch petwn Ihe strongest v0e wtlh regarcls to decis¥)n makiry and file51 Cle> We oim to sfondords o15eNte ond suppo* whrch we wortl choose fcwoLnefves cw Ihose cb5e lo Our Values Cl Excelen¢• People with leorning disobililies merit excellent services ond lo be Suppted lo lulty ochieve Ihe potenliol ol their lives and lalenl5. t4 Ch¢)ice People wilh leorning disoblilies shovld be svptK)rted lo make decisions and choices. big ond small They should be listened lo oboul what they wont Irorn their lives, giving them greoter choice ond contfol. 4 Rlghts As equal ciltzens in society. people with leoming di50bilitie5 s)Uld be supported to moke Use ol Iheir rights ond lullil theii responsibilities People with learrxng disabililies should be Ote to be confident ol Iheir ¢)wn salely tl Access to inlornialion People with learning disabilitie5 must hove occess to belter information so they con make choices. underslond the nghts ond responsiblAlies. ond 5peok vp ond be hed Commvnity in¥0eMent People with leorrung cjisobililies should be lully invdved in their local community. to access oll Ihol Ihe community hos lo oller Ihem, ond lo be oble lo conlribule lo Ihal comrnunity Poge 5 0148
PLUS (Provldence iknc Uniled Services) ANNIIAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 staff Commltments These ore Ihe principle5 or slondords ol behoviour we expect from oll OLf slalf. We expect all $tafl to be oble to soy". l am Committed lo treating people with dignty and respect. 2. 1 am commilled lo contlnuou5 learning and renectbon 3. 1 am commilled lo working logelher wilh othe 4. 1 am committed lo being honest and rellable in my work structure Governance and Mana ement e Chority 15 admtnislered by o boord ol trustees ol up to 12 members. who meet bi- monthly. A Chief Executive is oppointed by the trustees lo manage the doy-ltrday Operatn5 ol the Charity. Trustee5 ore also directors of the compony ond the nomes ol those who served duing the year ond up lo Ihe dole ot Ihts report c¥e shown on poge 3. meMbS ol the charilabe company guarantee lo conlribute on omovnl not exceeding £1 lo the os5els ol the chori10b company in the event ol winding up. The lotol number ol such guoronlees 0131 Morch 2023 wos 712022 = 81. The Irvslees have no beneficial interest in the chorilable company. The Irvslees seTring during the yeor were 0$ follows= Dovid Donnrevther. Chawmon Soroh 8rood Estw Jonko Mulcohy Christopher Ptrw"Iip5bom IresigrI 27107123 David Scoll Jon Keane Joon ArMm-Addo Poge 6 0148
PLUS (Prov•d¢nce Unc Untted Serv5ces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 All members ol the Chority sholl be ollowed to swe as management committee members subject lo the following.. % Al no lime sholl persons who are ossocioted wilh o Locol Authority. Heollh Authority or NHS Twsl. which is PfOVKling Ivnding to Ihe Chorily. comprise m¢ye thon 19% 01 Ihe monogemenl commiltee. t¢ Aoces ore reserved on the managemenl committee lor one user ol Ihe Services provided t)y the Chorily.. one person who 15 a member of the locol community and lives within Lewishom.. and one person who is an unpoid corel of o person with leorning di£obililies or is on odvocole for such a pSOn whether or unpoid. < Monogement committee members may serve lor o peiiod of no m¢ye thon Ihree yeors bul moy slond lor r&eleclion. Doy to doy monogemenl is in the honds ol a Chief Executive as heod ol the Slrolegic Monogement Teom ISMTI- The SMT is comprised ol the Chief Executive. Deputy Chief Executive ond three Heods ol Swvice. Service Monagers are responsible lor the provision ol care and 5UPPOrt wilhin nominoled services. in occordance with the CharitV'5 conlrocluol ond slotutory obligotions. The Finonce monog 15 responsible fix the monogemenl of the Chorily'5 linonciol Ironsoclions. records ond banking. The centrol stnJctvre ol the Chorily include5 the Hvmon Resovrces Monoger. Training & Development Monoger and Adminislralion Monoger ond their stolf. Charitie$ Governonce Code The Chority's 8oord is owore ol the Code ond hos made moves lo compw with ils Fxovisions. Recently. these hove included= t4 Boord ond SMT working alongside an external advis 10 initiate conversotions around a slrotegic rewew. 4 Appoinlment of o OfeSSior]I serych orgonisolion lo supwt the recnitmenl ol o new Choir. Induclion and Recruilmenl of Twstees New Irvstees ore oppointed by vole ol o General Meeting or by occasionol co-oplion belween meetings for o Irvslee lo serve vnlil the next Generol Meeling. No other body hos the right lo appoinl trustees. Tiustee5 ore recrviled whwe o need hos been identified I someone with porticulor skills or experier)ce. Voconcies ore odveflised externally. and apprcxjches are made lo sultae orgonisotions. such 0$ REACH. who recwil volunteer Iruslees. or lo o commefciol recruitment consultant. Before oppointmenl 0$ o Iruslee. the Poge 7 of 48
PLU5 (Prov5denc• Unil•d S•Thlces) ANNUAL REPORT OF THE TRiISTEES PLUS FOR THE YEAR ENDING 31 MARCM 2023 appliconl is required to provide biogrophicol deloils ond sotisloclory references and a meeling 15 langed wtlh the Chiel Executive ond other senior stoff ond Irvslees lo discuss Ihe business ol the Chority ond Ihe motivations ond skills ol the trvstee. Fdlowing this. o successful oppliconl wil be recommended lo the Irvslees nomolly ol o Generol Meeting. Once oppoinled. o new trustee will receive an inductton pock from the Company Secrelory. The Chorily require5 0 Otsclosure & Borring IDBSI check on oll Tnjstees. Consullalion wllh service Useis The PLUS Shodow Board is o consultative commiltee ot sloff ond service vsers. Thi5 grovp seeks lo represent the views ol service users ond slolf orKI promotes discussion of current issues. Through Ihe Chief Executive. the group roises questions the 8ooTd ol Trustees and octs 0$ o source ol inlormotion for Ihe Twstees obout imp¢ylonl deCIonS within PLUS. The Shadow Boord is esl¢Jbli5hed under the Chorily's Service User Consvllotion and Inlormalion Policy. The Chief Execvlive choirs the Shadow Boord ond membership does nol include member5 C director5 01 PLUS. It influences decision-moking and is a useful tool lor consultation but h05 no lorrnal role in the governonce ol the Charily. The Shodow Board is Ihe main focus for consullolion with beneliciorie5 01 the Chorily. Meetings ol the Shadow Board conlinue lo prove o useful way ol shoring inlormolion between management service users ond slafl. Manogers regulorfy visit ond report on the quality ol oll the Chorily's services ond these quolity V15ils include o direct con5ullalion wilh service users and slofl. Truslees a150 vIt seNces lo meel serVe users ane stoll. Al leosl every two years. PLUS organises a service user sueY and this wos completed in November 2022 by running lace to lace consultation groups with Set queslions. followed by on open forum lor gene¥al discussion ol PLUS'S services. Responses from 5wwce users were highly positive. with l 00% 5alisloction wilh sloff ottitude and services in general. One user objected to o member ol stoff ond that hos been loken lorword os on oclion. Everyone WOS 50tislied with the Style ond content of communicolion fvom PLUS bvl two users osked lor communicotions in more accessible forma15. People lelt 5alisfied oboul the support given I oclivities out of the house ond the was o request lor more grovp octivilEs thol people con go out ond do logelher. The survey re5Ldls are used by the Strolegic Management Team to influence policy lor the following Business Plon. Additional sutveys ore conducted lo estoblish the views ol family members ond carers. Poge 8 0148
PLUS (Providence Linc Uniled Services) ANNIIAL REPORT OF THE TRUSTEES PLUS FORIHE YEAR ENDING 31 MARCH 2023 Employee Involvemenl ond Consuttolion Employees hove been consulted ond kepl inltymed on iisves ol interest lo them by means ol regulor stoll teom meetings ond Ihrough Ihe p(wlicipolion of stall repre5enlolive5 01 the Shodow Boord meeting5. The Chief Executive hos conlinved Io issve shryt video updole5 10 oll ernployees, covering developmenls ond slrotegies within PLUS. She has also held group video meeting5 with all stall lo communicole the 202>2024 Business Plon. followed by question and answer sessions with slaff. Seporole planning days invdved Manage in discusng ond lokin9 Itjword Ih05e issves roised by stolf. Senior monagement ond the Boord ol Trustees. An occoyonol sloll newsleller Fxovides information on events and activities ocr05S the Chorily. A health and 501ely group ol repre5enlolive5 Iiom eoch workploce is choired by a Heod ol SeTrice to ensure recommendolions ore shored with seni(K monogemenl. An Active Svpport group Ing$ togeth Active Supp1 leods in each sloll team. who lead prooctive projecls lo improve the quolity ol support and engagement in Iheir w(xkplace. 8ecause ol the success ol this group. o similor Health Aclion Group has been e51oblished during Ihe yeor lo bring logelher heomh champions fvom eoch service. Both group5 ore led by cenlrol Monoge ond include consullalR?n and shored action plans lo improve seNice provision. Consullalion with stoll forms parl of ol Qvality Visits. in which senior monogers spend lime tolking lo employee5 in eoch PLUS Service. The Chority does not officiolly iecogni5e ony Trode Union but has construclNe relolionship5 wilh individual represenlalives of UNISON ond the GM8 unions. Diversity. Equity & Inclusion PLUS'S annuol Eqvolilies Action Plon includes ow objeclives lo ensure that equily ond diversity ore ot the core of whot PLUS does 05 o chority.. 0$ o provider of publicly-funded services,- 0$ on employer ond os porl ol our local communities. We support people wilh leorning disobilities ond mentol heollh suppcxl needs. which ilsell bvilds inclusion into oui work, valuing diversity in employment ond service provision. This ceqvires that we cornmunicote ond provide services in woys thol ore occessible lo oll. uyng oppropriole communication tools and Ste$ ol lOngLge Ihol ore eosy lo vnderslond. 110150 puls an expectotion on the Chority thot ovr service usef5. monogers. sloll and Irvslees rellecl the communities we swe and thol we w¢xk in o way Ihot promotes ond values diversity. including neurodiversily. within Ihe orgoni50tiorKJI cvllvre. Poge 9 of 48
PLUS (Provldence ik)c Llnlled SeN•ces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 AIARCH 2023 Environmenlal PLUS is taking oction to oudil OLV corbon loolFYinl, use popertes5 office systems ar)d reduce waste sent lo landfill. As responsible employers ond 0$ port of ovr cornmunily. we have irnplemenled recommendotion5 Irom the 2022 cort)on redvclion oclion plan. including improved healing controls and oddilionol in5ulolion in properties where this IS Cosleffeclive. These improvements were bocked by the Bocwd of Trustees with 0 £20.Q)O designated fund identified al the beginnin9 01 the year. Trustees hove invested o subslontiol proportion ol ieserves in o new 'Responsible' portfolio of inve5tment5 colcvloted lo score more highly lor envwonmenlal and sociol responsibility. Poge IOot48
PLUS (Providence Linc Uniled S•vices)
ANNVAL REPORT OF THE TftUSTEES
PLUS
FOR THE YEAR ENDING 31 MARCH 2023
Im
act Re
ort
The Charity suppcKts odulls with thming dtsoljlilies lo develop more independent file51y¢es
within the community. Beneficiories are encouraged to hove on octive sociol life with the
support ol trained. skilled stofl and volunteers. Service provision is innovative ond of o high
slondord, bosed arnd individual aspiralions and support needs. Dvring the year. the
Chorily provided the loll¢)wing services in fvrtheronce ol ils obiecls."
Regdenfiol aTrJ S(Ippted S¢Yvice5
Al 11 Arml 23 we monoged &5 F4)ceswlh 24-hrwrwpFXYt in regtered ccxe homes ond
ppcxled hwgng.'-38 in Lewshjm. 17 in S
PLUS (Providence Linc Unlted Servlces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 The semce wos used by 18 pec¥k in 2)22123. with a totol 01546 nvJhts. Thi% compcffes lo 8 peoE4e in 3r21122, wlh o lotd of 490 nghls. refieclirg o fLrlher increose in the use ol I9- term booknngs by the thol oJllNJity. Lrf Day Cenfre& Outreach. LasLKe orxj EmKWnt Cty provides hvo tw of Day fyMce urKlercontroct lo Lewtham CcL1. These are tlding5-b]sed. ncTrtLcrS tre(l LY (jtreoch. txovKYirg ccfnrrvJrity-based Kjpp lo people wtrm) Ive n the lory FKxne. We promde tthdings-ba5ed daysefvices n rented wilh scxne w(xkshop group5 atso , meeting at cu Penge Htgh Street yle. Activities toke 0ce Monday lo Fridoy and inclLLle 4 bokiryJ workshops a week.. an arts ofKI crafts grovp. o Ntn's ouldocrf oclNty group. a bowh.ro 5e55ion and two ollotment grp5 grtMThJ vegelots. There (ye also three SC£1 dropin Sessior eoch week. Pretty Cvpcokes c¢)eroles from o shcf) n PLUS'S (Xd Bonk 8ulrfirwJ n Penge. PeoFAe with "ng (th0kn"StÈs ore em Joyed orKI Oller Iroirmrg wukshws. Ihe Boc¥d ol Tru51ees confir lo ÈlSe orKI eft)Ment semces by u5iThJ O Vopcl0n ol investment income frcfn PLU5's rewves. Tee$ C¢)n9 ItrK)I IIIS is a Volwte ryoviyon. meeting the r)eeds of peo wrth tSsotxltswho wryjd OthSe[eCve no ieslricled sermces. 9 peop wilh a deckyed thrrirYJ w6Ye on PLUS'S F)owdl n lolal in 3)22-23. wcthng in the Pretty Litt cupakeS shop. Public Benefit The Truslees conlirn thot they hove complied with the duly in section 17 of the Chorities Acl 2011 to hove due regoid to the Chorities Commission's general guidance on public benefit. In shoping our objectives lor the yeor ond plonning our oclivilies. the Iruslee5 hove considered the Charity Cornmission's guicjonce on public benefit. including the guidance 'public benefit.. ¥unning a charity IPB21' In line with ils chori10te objectives. the Charity's entire work is dedicaled- lo the Supp1. care ond housing ol people with leorning disobililies ond menlol heollh need5. These activilies ore in Ihemselves o public benefit. Support swvices ore bosed on the values of dignity. respect. communtty presence, porticipolion and development of competence. Core ond suppotl services orn01e Independence. soc1 Inclu&on. Right5 and Choice by providing opportuni1ies lo goin skli Is ond mointoin independence.. lo improve health and Poge 120148
PLUS (Pmldence iinc ljftited Servlces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 wellbeing by healthier lifeste5 ond access lo speciolisl heollh core. M051 beneficiaries receive svpport with doily living and leisure actiwties. ot home ond awoy. Many beneliciories receive clirecl physicol svpport wilh ealTrng personal cote. Support is provided lo goin occess lo Iraining and em[oyMent for people who lace dilliculty in obtoinlng poid empkjymenl on grounds of their disobility. Thi5 wk includes poid employment in our shop ond Iroining in how lo succeed in the wc¥kplace. Housing managemenl ond tenoncy supoort services help people lo slay in their own homes ond meet their tenancy obligotions. imwowng slolvs in the community ond providing o Stab base from which to leorn new skills ond increose independence. Core conlribulion5 ore poid by some beneliciories who live in our Sovlhwark regislered cc¥e home. These figures are a55e5sed by the locol outhorily ond deducted trom funding due to Ihe Chority under controcts the provision ol core. They amounted lo £7.LKQ dvring the year12022 4.C(X)l. Fees ore olso chorged for ollendance ol workshop session5 in our Leisure Service5. Income from this source wos £7.454. In o rKKmol yeiy. other fees ore charged lo beneliciories lowords the cost5 of doy trips ond holidoys bul no such chorges were roised in 2022-23 due lo closure of Services fdlowing the pondemic. Sociol Fund gronls are mode to people who use the ChilY'S service5 to meet the cost ol holidays. as hardship grant5 other octivities. Gronls lo the valve of £2.250 were made during the yeor. Gront decision5 ore mode by o Sociol Fund Committee comprised of service users ond employee5. People in poverty ore nol excluded from the Chawity'5 swwces os Ihe mojorily of care and support costs ore mel by locol authoritie5 or by 5tote benefits. PLUS olso subsidises non- slolulory services from ils own resources. The Chocily conlribules sociol value to its locol communities by recruiting ond spending locolly. It gives prelwence to locol suppliers ond conlraclors wheie Ihese ore ovoiloble ond oller good volve lor money. Volunteers C4 1 sermce useri5 employed in o v(*Jnt(ryrde n Pretty Litlle coke5 ond oth¥5 5UPPOrt lasure grCps. tl Service user members of PLU5's Shodow Board are 0150 vi)hJnteer5. The 10 Members ol Ihe Boord ol Trvslees ore oll volunleers ond proVe voluotle sugport lo the Chorily. including speciolisl odvice ond support lo senior monagers. ¥ We estimate Ihol volvnleers hove conlribvled 624 hovrs ol sUPPOrt to Ihe Charity during the yeor12021-22 - 1421. Poge 130148
PLUS {o¥1dence knne United Ser¥lces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR IHÉ YEAR ENDING 31 MARCH 2023 strate icRe Achievements in 2022 to 2023 Buslness Conttnu The Chorily has continued lo reviewlupdole ond lesl Business Conlinvily Plons. In 2023, this inclvded an independenl rewew and consultancy from Morkel. our liability insurers. con%dering 8us¥E55 Continuity. we have seen a reductK)n in the infkerte ol the COVID.19 pandemic overlaken by p¢toI aThJ ecCncrfn vdalaity. infiolw arKI riyryj interest rates. Ihe Trustees ond 5eni(YmorrfJger5 hJve rem(¥ned vE4ont where costs ue c(¥emed ond we continue to tyon I sigfftonl c05t increoses n the cwenl yecr. Retwns nvestmenls. Ilwjh leasonale by rwrkel benchmrJks FKJve been reckced thr(xJghcMJI Tr22.23. In PLUS'S fivtrYe(y Plon. we oimed to moke Ihe t1 r)osyt4e use ol the compcy)y's corAtol 055els in order lo meet Chtable ctyctwes. Trustees deoded lo reÈose from cotilol reserves for FJqecls/one off eypendttwe. It PKis been ogeed not to Fyogess the most grYfan1 ol these projects, whch wos the p¢Se ond odC¥JtOl ol o IK4KYoy hcmne. Prioil hove clYJnged os costs hove fisen orKI cosh Ikw choleroes trove ernge. necefylotry the of some inveslments. Moinloining & D•vek>ping M(Yket Shore The terKlerng ol services hos ¢tIrd lo be o &gntficonl txicxity. drte the Choily's current and recent growth. 05 all w key I1 ]ve anrXyJred ntent lo lender services. A core slolf leom is in Joce lor o new 6-person chollenging needs service in Lewisham to open lote in 2023 ond we look loOrd lo re-opening orbolher supported living service following o period ol closvre Ic* moior iepasrs. Developing SeThi¢• Provision and Buildin9 Copocity A review of slrvctufes oncl remvnerolK)n wos completed lo ensufe monogemenl and cenlrol copacily reflect the increosed size ol Ihe gan1$0110n. t4 To imwove and vpdote recruitment processes to ensure conlinvity ol support_ Meet increosed needs for stofling in services won thrcwgh lender. Poge 140148
PLUS (Providence Linc Uniled Servlces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 tl Implemenlolion 15 underwoy ol o stoll roster syslem. HR 5Yslem and new poyroll. tl As the pondemic has receded. we hove increosed foce lo loce communication and consvllolion with service user5. t4 We have increosed provision ol doy swvices. lSUre and employment groups. using new venue5 and leoir¥ng tsom service users what projects are wonted ond which ace less popular. t4 We have ensured thot octivilies oulside the hovse are re-introduced lor eoch indivtduol in accordonce with they wishes ond needs. Slaflng ond Slaff Development We hove increosed the reoch ol whole-leom Active sup troining sessK)ns A porticulor stressor in Ihe past yeor has been the dillicully in filling slolf voconcies ond we hove worked with on&ne recwilment services lo pcffliolly address sloff shortoges. tl Slaff Iroining hos retumed to foce-to-foce sessions in oll svbjecls where thi5 was done before the pondemic. including induction ond mondotory Iroining Use of Assets t4 As part ol the Charity's commitmenl to deploy o propoflion of ossets in lurthet devdopmenl ol our role in the community, the Trustees have invested in renling new premises lor provision ol doy services ond leisuie groups. Ci v low levels ol vrids hove been moinloined through active marketing to funders and crculolion ol v(xd profiles to locol oulhorilies. t4 We ore still awaiting Ihe implemenlotKJn of the new Liberty Pfoleclion Solegvords under the Menlal Capocily Act. li Throughout Ihe pondemic. the Chorily's monogers elleclively ensured the sofety ol service users and sloff Ihiough updoled guidonce, exlensive provisDn ol PPE. lesling. visitor policies and suppcit Icrf vaccinalion. Improved compliance with good 0clIce in heolth, solefy ond provision ol care. including: Page 15of48
PLUS (Provldence knnc Unrled Services) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 8uilding mointenonce has been completed to colch vp on a bocklog ol work thol built vp during the pandemic. Fire comportmenlolion hos been upgroded in our dder properties lo maintain sofe hornes lor service users. We hove reploced mosl ol the doors ond door Iromes in three woperties. The frequency of Heollh ond Safely hos been increosed to qvorterty. A new system ol medicolion ovdils hos been introduced. Business Aims for 2023-2024 Overvlew Mointoininglincreosing mortel shore is one ol the obJ"eclives in our 5 yeor Stroleg plon. which currently runs lo the end of 2025. The emphasis IoUgh la51 yeor wos on conlinuing lo weather the pondemic. ond ollhovgh reslriclions have been lilted. the effect5 will be with vs lor some lime, lor exomple Doy Services ond Outreach. and we will need to groduolly rebuild. Stall hove worked hora vnder serious pressures lor Ihree yeors now. It is rt¢eQble that sickness obsence hos increosed ond Ihis hos on ellect on both Service continuity ond linonces. We need to conlinve lo consider mental heollh and wellbeing SUPP¢>rt. Currenlly inflotion ond cost of liwng ore howng a sBJnificonl effect on both service provision and 51alf relenlionlfecruitment_ PLUS hos responded by lifting salaries obove London Living Wage in the Short lerm, ond wdl need lo keep IIMS under review. Trustee5 femoin committed lo conlinve funding Lryswe Service5 Irom reserves. Members ol the Shadow Board (service v5er5 ond slolll porticulorty supported Ihi5 os many other clubs ond acliwlies have nol ie-opened loNowing the F)ondemic. Fvll implementation ol new HR. 5toll r05tering ond poyrol systems ore an objective lof the coming annIng peri¢xl. olong with trying ¢xJl other recrvilmenl lechnkiues e.g. open doys. Once ogoin. the tendering ol services mvsl be considered o signilicont priority. We wdl oim to enswe high quolity seNice 0ViSH)n by providing team -bosed training in the con515lenl implemenlalion ol Aclive Support ond Pos11ive Behoviourol Support. We conlinve Poge 16of48
PLUS (ProvldeTh¢• iknc United Servkes) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 lo oddress stoll voconcy levels ond reduce agency vsoge.. provide statvlory ond developmentol troining.. ond moke elleclive vse ol capitol ond revenue resources. We will support the wellb&ng ol stoll ond monogers 0$ the ellecls of the pandem ond 8rexil conlinue. We will meet service user needs by moinloining qvalily services ond will ensure Qvolity Visils, Core Plons. Risk Assessmenls ond comph'ance with Health and Safety iequirements ore kept vp to dote. Key busine55 plonning objectives ore set ovt below ond hove been developed following o review ol performance ond chollenges over the lost yeoi_ The Qvolily Aclion Plan and Risk Action Plons. produced from these onnLJoI reviews ore olloched 0$ Appendices l and 2. 8u$lness Developmen Alms lor 2023 to 2024 8u5ine55 Continuil We will continue lo pvrsue lundefs lor regular poymenls. vsing any meons Ot our disposol. We will negoliole with locol ovthcKilies lo oblofft realistic cost of living uplifts lor exisling services. We will keep cost ol living reloled issues undey con5iderolion as they alfecl both Service vsers ond stolf, orKI seek to olleVle these when p0sble/appropale lo do so. We will seek lo operole in on envKonmenlolly friendly ond sustainable way in all aspecls of our work, including property monogemenl. sloff recruilmenl and investments. We will oppoint o Business Development Consvllonl lo consider the best way in which the compony shovld be monoged in order lo mainloin conlinuily ond lo move Icwoid. This will consider thol the compony hos grown in size over the last couple ol years. increasing the number ol sefvices. stze ol slolling esloblishmenl ond finonciol IwK)ver. We will develop ond open the new chollenging neecls service in Lewishom. Mainlainin & Develo in Market Shore The financial ellectiveness of Ihe comoony will depend on successlulty tendering sn order lo moinlain ond grow the income ol Ihe compony Page 170148
PLUS {fvwidence Unc Unlted Ser¥l¢es) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 s and Staff Commitments We will continue lo inlegale PLUS'S vahjes into oll OL* 0cesSes_ Our 2022 sloff survey showed s1olislicolly significant voriolions between different stoff groups in the understanding ol ond commitment to PLUS'S volues. We will piovKJe tioining lo 011 stolf. We will conlinve lo implement both face- to- foce ond virtuol 'upword leedbock. opportunities. in order lo reoch os many people 05 PO55Trble ond provide Sen1 monoger5 with o brood pictLKe ol Ihe views ol employees. We will conlinve lo volue ond supp(xt the wellbeing of 5toff ond provide sociol opportunities including on Awords Ceremony ond porty. In 2022 we engoged o new Occvpolionol Health Service, ond continve wilh external 51all wellbeing FKovider. One ol Ihe objectives in PLUS'S &yeor Slrolegic Pkin 15 to moke the best kiossible use ol the compony's ossets in Ihe pvrsvonce ol the charitable obj'ectives. Tru5tee5 hove funded PLUS'5 leisure ond octivily services IAclivily Pkjsl and cupcoke shop (Pretty Little Cupcokesl ovl ol reserves o numbw ol years. and will continue lo do so. nil There will be o conlinved emphosis on CoMpanCe in some orea5 of Heoifh oncl Sofely and core monogemenl. We will 0VIde monoge(s wilh risk osse55ment troining," work closely with Health & Solely representolives ond piovide senior manogement oversight to ensure slondords cye mointoined. Financiol Revlew Figures ore rounded to the nearest £i.CtXJ forclority. Once unreolised goins ond losses on property ond investments ore excluded. there is o nel operotionol expendilwe of £425.(KK). This compares wilh o budgeted dehcit ol £1 S2.(KX). This year there hove been no unreolised goins in (xjr property portfolio. INCOME 2022-23 sow on increose in the level ol income from Lewi5hom Council totolling £378.(Kt), prir)cipally due lo giowlh in the hour5 015upp(xl provided ond o funding increase Ic meet Poge 180148
PLUS IO¥1denCe iknc Uniled knices) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 woge inllolion costs. Income from Soulhwork Council reduced by £24.CKK) following the deolh of o service user in o non<onlracled care home placement. portiolly ollsel by a fee vplill for inllolion costs. Income Irorn other authorilE5 saw onty modest increoses. Income from workshops ond soles in Pielly knllle Cupcakes rose from £lO,lJXJ to £12,000. 05 services continued thr recovery ollef IkdOWn closures. Stoffing expenditure in the newly- combined LeIs¢e and Doy Services DeF)ortmenl rose from £204.OX) 10 £276.000 0$ services continued lo recover ofter lockdown_ COVID FLINDING Locol oulhorilies have supwted Some ol the odditionol costs ol the pandemic by distributing central government g¥ont5 and offering discietionory Ivnding where possible. We have received restricted funding of £13.(MJ) trom Ihe London Borough of Lewisham in the form ol Infection Contrd Gront5 ond Ivnding to support COVID lesling. The govemmenl's Worklcyce Recruilment orbcl Development Fund hos provided support lo Ihe Chorily lo ossisl with recruitment ond retention ol employees during the pandemic, including a number ol grants Ihot were given specilicolly for redislrilJJtTron to stall. These ore reslricled gronls and £5Q) has been received. The choiily olso acknowledges benefits in kind received from NHS PPE in the form of Personol Protective Equipment. Allhough less is available Ihon ol the heighl ol the pondemic. more than 10.(KK) items hove been received iluding surgical masks. oprons, viiors. hond soniliser svrgicol gloves. EXPENDITURE Tolol staffing costs increosed by £97.(m. due lo increased levels of service provision ond solory ir)creoses in response lo increoses in Ihe cost ol living. Agency sloffing expenditvre in the yeor to Mcxch 2)23 wos £869.¢XQ. comoored lo £560.CKK) in Ihe previous yeor. Agency cosls represenl 16% 01 lolal slalfing cosls. compcyecl to I l % in the rKevious year. which reflects the growing gop between Ihe growth ol service Fxovision and the rale of recruitment. which remoins sleody bul slower thon wovld be de5iroble. DESIGNATED FUNDS Designated Funds hove been reexamined fdlowing o revw4 by the Irustees ol the purpose ol each designalion. For more inlormotion see Revlew of ReseNes below. Page 19 0148
PLUS {Providence iln¢ Uniled Services) ANNUAL REPORT OF THE TRLISTEES PLUS FOR IHE YEAR ENDING 31 MARCH 2023 Rlsk Management The Tru51ees use o risk monogement slrotegy comyising.. An Organi50tionol Risk Monogement Policy The esloblishmenl of o Risk register An annuol review of Ihe risk5 the Chorily loces An annuol Risk Action Plon e introduction of systems thot mitigule the risks Kjenfified in the register and on annuel review ol systems to minimise ony poten1k impact on Ihe Charity should ony ol those risks maleriolise_ The Organisationol Risk Regisler was ieviewed ond approved by Ihe trustees on 16 Jowory 2023. Below is a 5ummory ol the actions to rnitigale the most sKJniliconl risks idenlilie¢J through thi5 p¥ocess'. t4 Lock ol sulllcient annud up16ft on contracl. Continve to opply pressure lo lunder5 10 give feolistic annual increoses. Continve to k)ok lor new opportunities. Withdraw Irom controcts if they become non-vioble. S Recruil and retain s•Jlkient number ol employee5 with the feqvired skills. aptllvde and volues. Conlinve to be innovolive in recwitmenl ol slofl. Continue lo inve51 in stoll Iroining. Continue sloll solisloction surveys. Use a recrvilmenl agency il voconcy numbers increose. ri Address addilional cosls due to wage Irrflatlon. contractval and statulory requlrements. Conlinve slricl monitoring ol budgets ond monthty review ol costs. Moinlaln quolfy ol service docum•ntolion. Conlinve lo monitor the quolity ol core plons. gvidelines ond risk ossessmenls to ensure they are ielevanl. current and eosy lo Idlow. t4 Deterfor(thon ot Ihe worklng envKonmenl dve to lack ol action by a Ihlrd wly Such as a landlord housing management ogent. Continue to oct a5 thi5 is o worsening siluolion. Supp1 service monager5 to protect tenant r¢ghls ond lake direct complaints lo ensure people have a good slondord ol living occommodolion. tx CQC or olher monlttying reports: maintoining ond improving CQC ialings ha5 been identified by the Strolegic Monogement Teom 0$ the mojor priorily for the workloads ol regi51wed monogeis. Poge XJ of 48
PLUS (Providence iinc Uniled Services) ANNUAL REPORT OF THE TRUSIEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 Review ol Reserves Al the yeor end lolol reserves were £7.666.(XK). wos mode vp of generol vnre5tricted fur)ds totolling £3,835.(XKJ.' designoted Ivnds of £3.776.C(K) ond reslricled funds of £55.000. 'Free' reserves ore c05h c¥ IiqLNd Ivnds thol con be spent on any ol the Chority'5 aims. 'Free' reserve5 do nol inclvde Ireeh(Jd properties.. Ivnding Ihol has been 'reslricled' by the donor for specific purposes or lund5 which hove been 'designoled' lor specific ppOse5 by the Chority. The Trustees hove consicjered the level of free reserves required to fund operotionol ond inlroslruclure contingencies. They hove considered a number ol current ond lulvre risks os set out below. based on o risk assessment of the IiTrelihood ol identified risks moteriolising.. l. Competition in Ihe morket for supp1 ser¥e5 2. Likets"hood of fwlher cuts in stotulw fundrn9 ondlor foilure to increose existing funding to match inljalron 3. Late payments by locol outhortliek 4. The lixed costs ol vaconl pkJces tn regislered core ond sUPPOrted living where nol covered by fundeJ5 5. Commitment by the ITUStees lo on .derty withdrowol" from ony service thot 15 decommrssioned. lor the benefil of swvice vsers ond stalf 6. Commitment by the Iru51ees lo funding PLUS'S leisure serwce5 ond the cupcokes shop. ReseNes Targel Bosed on Ihe an01S obove. the Iruslees have sel a weighted target lange for flee reserves of £2,8(XJ.l)J) 10 £4.685.CXX). Al the year end. free reserves fall within tr¥5 target. Remuneralion Remuneration leve15 ore sel by the Trustees in Ie wilh on agreed Poy Policy. which was reviewed by Ihe Trustees in Morch 2023. PLUS aims lo ollroct stoll from the nol-lor-prolil sector. as well as the public ond privote sectors. to en5LKe thot we con recruit people with the skills ond experience needed fof Ihe job ond to mointoin o hKJh slondord ol service. As 0 Poge 21 of48
PLUS (Providence Linc Uniled SeThbces} ANNLIAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 chorily. we ore conscious ol the need lo operole within reslriclive budgets and lo keep cenlrd monogement cosls vnder control when detemiining role5 01 poy. Support sloll solories ore CLKrently sel ol just above rhe London Living Wage ILLWI. Given the uncerlointy ol lulvre funding. Ihe Board has mode no commitment to futu poy increases. ollhough the LLW 15 Current o conlioclvol requwemenl lor Lewishom ond Sovlhwark Councils. This 15 because the councils have given no commitment lo conlinue Ivnding the LLW in the Ivlure. rothei thon from ony wish lo poy less thon the LLW. Poy lor eoch grode of monogemenl is sel by the Trustees b05ed on a recommendalion by the Chief Executive. toking into occounl the linonciol situolK)n of the Charity.. the prevailing morkel roles lor work of o ymilor nolwe ond the levds of poy increoses ollered lo other giode5 01 personnel. In 2022-2023. the Ch(thty wos ogoin oble to use efficiency sovings lo increose wages and moinlain the London VIng Wage for all Supp(Kl Wothers. despile some of oui lunders failing to support the lull cosl. Fundraising The Chorily does not engoge in Ivndroin9 act[1$ ond no donolions are soughl from the public. The chority does nol vse third porties lo ossisl with Ivndraising ond the Charity ieceived no comploinls in this yeor regordin9 115 fundra19 proclices. Poge 22 of 48
PLUS {PTovidence Linc Uniled Servlces) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 Investment Polic Levels ol cosh Wthirt the Chorily ore generolly high bvl ore subject lo lorge variations coused by late payments by slolulory customers_ Mvch ol ovr income is poid in arre0 und payment from local outhorities is often lote. sometimes by more thon a yeor. Expenditure is relatively even from month to month. due lo Ihe high proportion of salary costs relotive lo lolol expenditure. OLY priorities are to provide relioble. consislenl services and lo pay employees on time. os well 05 Meeting o nvmber ol stotvtory obligations placed on the Charity. This diclales that 5ubstontiol working copitol is requed ond we currently aim lo hold approximately £8(XJ.(XX) in in5tantly-ovoiloble cosh_ Freehold land ond buildings to the ¥olue of £1.778.560 ore used in pursuance ol our charitoble purpose ond so loll outside the scope ol Ihe Inveslmenl Policy. Ttte 8oord of Trustees le15 svrplus occommodotion within these buildings lo provide an income. The decision lo let included consideration ol the relotive linonciol benelils ol eilher lelting or selling surplu5 accommodation in lerms ol revenve opportunities and lulure capital gains on the value ol prooerty held. Assets of £3.932,1XKJ hove been identified lor inveslmenl. These represent approximolely 53% ol Ihe Chority's net 055ets. Under its Memcwondum ond Articles ol Association. the Chorily has Ihe power to moke any inve5tmenl thot the tfustees see lil. The Trustee5 hove considered the most 0pproate investment poficy Ivnas ond hove oppoinled Cazenove Copilal I'the Bonk"). with on investmenl monoger speciolising in Chorily funds. Two investrrenl portfolios ore monoged on beholl ol PLUS wilh the aim of creating copilol growth. with the option to drow on inc¢)me ol o Ivture dote. In 2022. 0 second portfolio was estoblished with Cazenove Copilol lo enoble the holding ol a ronge ol "responsible" investments. identified a5 Ih05e with environmentol or sociol benelits. Inveslrnent policy is set by the Br)ord of Trvstees. wilh responsibility delegated lo individual TnJstees and senior empbyee5 to meel with investment monogers and ieport bock to the oord. Inve31menl ObleclSves - The principol objective ol the investment 15 to achieve growlh in excess ol inflation ot a level of risk which will not comtyomise the bng term viability of the charity. 11 is intended that the sum will remain inve51ecl, olthovgh Truslees moy decide lo draw on capital before Ihis lime. The Chority hos odopted o lolol return opproach lo investment. While the main business of the chrtY remoin5 provision of Services undw controct lo locol oulhorilies ond NHS Clinicol Commissioning Groups. non<ontroctval 5UPPOrt orKI octivities susloin the sociol volue ond choriloble objectives of PLUS through provision ol ISure service5 ond employment Iroining. These ore port-lvnded Ihrovgh svrplus income or. in periods of operolionol delicit, by drowing on surplus cosh. coplol investmen15 (x interest earned on them. Inveslmenls are managed with the objectives ol". Page 23 0148
PLUS (Provldence iknc Unlted SeThk¢s) ANNVAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2tr23 growng ond maintaining the reol COFylol volue ol invested as5els ptoviding the polenliol lor c05h to 5UPFTh ond brooden choriloble actities. Social and environmentol svstoinobilily ol o o proportion ol the Cherity's inveslmenls. Altllude lo Rlsk . Manogernent ol the choiity's p(Ktlolio is based on o relotively low-risk opprooch. in accdance with o risk profile ogreed by Ihe Truslees ond dated 21 November 2011.. The detailed opprooch lo investment risk h05 been evolvoled by Trustee5. jointly with the Bonk. ond o sel ol inveslmenl parometer5 ogreed. Following a meeting with the investment manager. these were reviewed ol 0 8oord meeting in September 22 and il wos ogieed Ihol no changes wefe required_ Inveslmenl poromelers will normally be reviewed annually. The risk wofile loys oul the Idlowing expeclolTrons= t4 The onlicipated average onnval gain in FX)rtfolio volue over the long term t4 The anlicipaled worst quorterfy diowdown over the long term The moximum onlicipoled vololilily ol the copilal value ol the inveslmenl which 15 occeptoble to the Truslees. Assets The Chority's 0s5ets should be invested widely ond musl be diversified by Ossel class tsnd by security. Asset closses could include cosh. bonds. eqvilies. property. privole equity ond any other ossel thot Is deemed svilotje l(y the Chorily. Currency - The bose currency ol the inve51menl pcfflfdio 15 Slerfing. Inveslmenl moy be mode In non-sterting ossels bul Shk1 nol exceed 40% 01 the lotal inveslmenl porllolio voILJe. Hedging is permilted. Credll Rating . The Charily'5 cash bolonces musl be deposited with in51iutions wth a minimum iating of A- or invested in o di¥SIfIed money markel fund. Deposits must be spread by counterparty. subject to o M0mUM exposure of £3W.CIX) per institution. Bond exposure musl be focused on investment grode issuers. Liquidily Requirements The Trustees hove decided Ihot income shovld be reinvested until further notice. The Trustees wish lo keep ol leasl 33% 010s5ets in investments Ihol con be reolised within 28 doys ond o lolol 0175% 01 osse15 in inve51menls Ihol con be reolised within Ihree months. subjecl lo loss ol interest in occordonce with the terns of eoch investment. The Tiuslees wish lo moinloin Ihe lowest practicable level of c05h wilF¥n Ihe inveslmenl porllolio. Tlme Horlzon - The investment portfdio is considered 0$ o long term slrvclwe. An onnval review will consider any requirement lo draw c05h in the coming yeor. Page 24 0148
PLUS {Providenee Unc Unlted Servkes} ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2023 Restrkt5ons - The Trv5tees hove not odopted on exclvsionary policy bul. in accordonce with Chorily Commission guidelines. individual investments moy be excluded il they might be perceived 05 conflicting with PLUS'5 charitable purpose or values. Inveslment Fees & Charges . Fees poid lo the Bonk ICY investment services ole to be charge on the bosis ol an agreed percenloge ot portfolio volue. No other lees or charges will be poid. Commission earned by the 8ank in the course ol its investment ol ovr ossels will be credited lo the portfolio. Monagemenl Investments ore monoged by Ihe Bonk in accordonce with o ltIen mondole which hos been ogeed by the Board ol Trvstee5, 0 copy ol which is held al the Chorily's Registered Office. The mondale requires that ony two sign0tleS ore required lo outhorise eoch Ironsoclion inslwclion related lo the operotion of the occounl_ Any one signolw is required lo covnlermand on instruction gtven to the Bonk_ As o minimvm. the Choir. Honorory TreaSer. Company Secretory ond one senior monoger ore lo be signole5. In oddilion. the Boord may norninole luither Trustees OT senior employees lo opvole the investment occount. Repothng ond Monltoflng . The Trvslees require the Bank to provide o quorterty report. showing the overall vakje of Ihe portfolio.. the volue and chonges in volue ol each inveslment.. lees charged ond a commentary ¢)n the perfomonce of eoch 05sel clas5. In the report. the pertormonce ol the po¥tfolio will be meosured ogoinst indices lor slandord industry benchm0$. An annuol summary report is 0150 requwed the period l Aptil 10 31 Morch, in line with the Chorily's finoncial yeor. Policy Approvol ond Revi•w - The Chiel Execvlive will ensure thot the Investmenl Policy is ieviewed ol leosl onnuolly by o senior member ol stall who h05 relevonl experience. Any signiliconl chonges in risk exposvre or proposed changes lo Ihe Pdicy will be referred lo the Boord ol Trustees lor discussion and ogreement. A review ol the Policy moy be initiated by the Boord ol ony lime. The Policy musl be agreed by"Ihe Boord ond signed on Iheir beholl by a Trustee. Page 25 0148
PLUS (Pr¢)vlden¢e Unc Unlled Ser¥l¢es) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH W23 Res onsibilitles of the Truslees The Trustee5 are responsib lor preporing the Annuol Rewt and the financial 51olemenls in accordance with opplicoble low ond regulolions. Company law ieqvires the Trustees lo prepare finoncial 5totements for eoch linoncial yeor. Under Ihot low the tIUStees hove elected lo prepare the linonciol slolemenls in ocCdance with United Kingdom Generally Accepted Accounting Proclice (United Kingdom Accounting 51andords ond Ogplicoble lowl. The finonciol 51otemenls ore reqvired by low lo give a true and lair view ol the slote ol allairs ol the company ar of the profi't ¢y10ss ol the company lor Ihot period. In preporing Ihese financial slolemenls. the tru51ees ore required lo. Lx Select sullae occounting polrcFes ond Ihen apY Ihem con%51enfW.' 14 Comply wilh applicoble occovnting stondords including FRS 102. 5vbiect to ony molerial departvres disclosed in Ihe finonciol slolemenls.. t4 Stale whether a Slolement ol Recommended Proclice (SORPI opplies and hos been followed. subject lo ony Mot01 departLffes disclosed ond exploined in the financial stotements," l Moke judgments ond eslimotes thot ole re050nable and Pfudenl.. tx Prepare the linanciol stotements on the going concem bosis unless it is inappropiiale to presume Ihot Ihe choritable company will continue in Ixjsiness. The Trustee5 are responsible for keetxng proper occovnling retd5 that disclose with reosonoble occurocy ol any lime Ihe linonciol position of the company ond enable them to ensure Ihal the financial 51alemer)ts comply with the Componies Acl 2CKJ6. They ore olso responsible lor safeguarding the 05sets of the compony ond hence for taking reasonoble steps lor the prevention ond delection ol fvoud ond olhei egUlarItIes. Avdil Infomi¢yllon So tor 0$ eoch ol Ihe direclors ol the time the Twstees. Rewt i% opproved is owore: ol thwe s no relevont infomolion ol which the oudilors are unowore- ond bl they hove token oll relevont Steps they ovghl lo have token lo make Ihemselves awore ol any rdevanl audil inlormoti¢)n ond lo esloblish that the auditor5 are owore ol Ihol informol. The Trustees. Annvol Rep(Kl is opproved by the Tru51ee5 01 the Chorily. The Slrolegic Report. which forms port ol the Annual Repixl. 15 approved by the Truslees in their copacily as Directors in compony l(Iw ol the Chorily. Page 26 0148
PLUS {Providence iinc Uniled Ser¥ices) ANNUAL REPORT OF THE TRUSTEES PLUS FOR THE YEAR ENDING 31 MARCH 2tr23 Approved by the Iru51ees on 18 September 2023 and signed on thew behalf by.. 6cBa s0h Broad. Trea51ver Page 27 0148
INDEPENDENT AiIDITOR'S REPORT TO THE MEMBERS OF PLUS (PROVIDENCE LINC UNITED SERVICES) PLUS Oplnlon We hove ovdtled Ihe finonciol slolements of PLUS IProwdence tinc Uniled Services) I'lhe cornpony'l lor the yeor ended 31 Morch 2023 which comprise the Slolemenl ol Financial Activilies, the 8olonce Sheet. the Cosh Flow Stolemenl ond notes lo the linonciol 51atemenls. including o summary ol signilicont occovnling policies. The linoncial reporting framework Ihol hos been opplied in their preporotion is opplicable kiw ond United Kingdom Accounling Slondords, including FRS 102 'The Finonciol Reporting Slandord Applicable in Ihe UK or)d Irelond, (United Kingdom Genero1 Accepted Accovnling Proclicel. In our opinion Ihe finonciol slolements.. give o Irve and lair view ol the stole of the chcwiloble company's allairs os 01 31 Morch 2)23 and ol ils incorrn9 resouices and oppficolion of resoLKces. inclvding its income ond expendituie. Ihe year then ended.. have been properfy prepared in accofdonce with United Kingdom Generolly Accepted Accounting Procltce.. ond have been prepared in occordonce with the requKemenls ol the Componies Act Basss lor opinlan We conducted our avdit in accrxdonce with Internat01 Stondards on Auditing IUKI IISAS IUKII and opplicable low. Ovr responsibilities under those stondord5 ore further described in the Auditor'5 Responsitxlilies lor the oudit ol financiol 5totement5 section ol tyJr report. We ore independent ol the choritoble company in occordonce wilh Ihe ethicol requirements Ihol are relevortt to our oudit ol the financial 5totemenls in the UK. fftclvding the FRC'S Ethical Slandord. ond we hove Irilled our other elhicol responsibililie5 in occlxdonce wilh these requirements. We believe thol the audit evidence we hove obtoined is svfficienl ond opproFXiOte to provide o boss for ¢xJr opirwon. Conclusions relaling to goin9 eoncem We hove nothing lo repc*l in respect ol the following moher5 in rdolion lo which the ISAS IUKI require us to ieport lo you where: the Iruslees, use ol the going concem basi5 01 occounling in Ihe pfeparotion ol the financial slolemenls is not oppropriale.. c the Iruslees hove nol disclosed in Ihe financid stotemen15 ony identified material uncertointies Ihol may c05t signiliconl doubl oboul the company's obilily lo continue lo odopl the going concern bosis ol occounling lor o period ol 01 Seosl twelve months fvom the dole when Ihe linonciol slolemenls are ovthcKised for issue. Poge 28 0148
INDÈPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PLUS (PROVIDENCE UNC UNIIED SERVICES) PLUS Olh•r Infomiatlon The olher information comprises the InfMotion included in the onnvol report, other thon the linonciol slolemenls ond ovr oudilor's report Ihereon. ffte Irvstees ore responyble lor the other information. Our opinion on the finonciol slalements does not cover the olher inlormolion ond. except lo Ihe exlenl otherwise explicitly stated in our report. we do not expre55 any form ol assuconce conclusK)r) thereon. In connection wilh ovdil ol the finala1 stalemenls. our responsibility is to reod the other information and. in doing $0. consider whether Ihe other information is moterially inconsistenl with the financial slolemenls or our knowledge obloined in the oudit or otherwise oppeors lo be materially misstoled. 11 we identify svch moleriol inconsislencies (y opporenl moleriol misslolements. we are required lo determine whether there is o Mot01 misstatement the financial statemen15 or a moleriol mi5Statemenl ol the other inlom)olion. If. bosed on the work we hove performed. we conclude thol there is o moleriol misslotemenl ol this olher informotion. we are required lo report thot lock. We have nothing to feport in this fegord. Oplnlons on other motter5 pre5¢rlbed by Ihe CompanSes Act 2006 In our opinion, bosed on the work vndertoken in the course ol the audil- the inlormotion given in the 5trotegic repcKk ond Ihe Iruslees. onnuol report lor the linonciol yeor lor which the linonciol stotemenls are prepared is consislenl with the linonciol slolements," ond Ihe slrolegic report ond the Iruslees. onnvol rep have been prepared in occd0nce wilh opplcoble legol reqviremenls. Mallers on which we ¢xe requlred to report by excepllon In the light ol the knowledge ond understanding ol the compony ond ils environment obtoined in the course ol the oudil. we hove not idenlilied mat101 misslalemen15 in Ihe slrolegic report ry the tru5tee5' onnuol report. We hove nothing lo report in respect ol the Idlowing motlers where the Componies Act 21KJ6 require5 US to report lo you if. in our opirMon- odeqvote oceounling reciyds hove r)ot been kept. or relvrns odequole lor our oudil have not been received Irom bronches not visited by us.. the linanciol slolemenls e not in agreement with the occounting records ond relvrns.. ¢y certoin disdosures of Iruslees. remunerolion specified by low are not mode.. or we hove not received all the infomolion ond exolonolion5 we requKe lor our oudit. Poge 29 0148
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PLUS (PROVIDENCE UNC UNITEO SERVICES) PLUS Responslbilllles of trvslees As explained more Ivlly in the Iwslees. responsiblilie5 51atemenl sel tsJl on page 27, Ihe Iruslees (who are olso the diceclors ol the chariloble compony lor the purposes ol company lowl are responsible lor the pfeporalion of the financial slotements and lor being 5011sfied that they give a true and loir view. and lor such intn01 conlrd as the truslees delermine is necessary lo enable the preporolion ol financial slalemenls that are free from rnoleriol misslolement. whether due lo frovd or erTOr. In preporing the linonciol stotemenls. the Iruslees ore responsible for assessing the choritoble compony's ability lo continue os a going concein. disclosing. os opplicable. mollers relaleol to going concwn and using the going concem bosis ol accounting unless the tiustees either intend to liquidale Ihe chorilable compony or lo cease operations. or hove no realistic ollernative but to do so. Audltor's responsibllllles lor the audit ol the ffinanclal staFemenls Our objective5 ore to obloin reosonatje 055urance obout whether the finoncial 5tolemenls as o whole ore free from materiol misstotement. whether due to froud error. oncl lo issue on oudil(K's report that includes our opinion. Re050noble ossvronce 15 0 high level ol 05suionce, bul is nol a gvoranlee that on ovdil conducted in occordonce with ISAS IUKI will olwoys delecl o moleriol misstolemenl when it exisls. Misslolernenls can orise liom Iraud or errcx ond ore considered moteriol il. individuolly 01 in oggregole. they could reosonobly be expecled lo influence the economic decisions ol vsers token on Ihe basis ol these linoncial stotemenls. As port ol on oudit in occordonce with ISAS IUKI we exercise prole5sionol jvdgemenl and mointoin profe$5ionol scepticism thrwghoul oudit. We olso.. Identify ond ossess the risks ol mot101 misstotemenl ol the finonciol slolemenls. whether due lo froud or errof. design ond perform ovdil procedures responsive lo Ihose risk5. ond obloin ovdil evidence thol is sullicienl ond oppropriole lo provide a basis fcx our opinion_ The risk of not detecting o molerial misstoternenl resulling from fraud is hher Ihon lor one resulting trom error. as Iroud may involve collusion. forgery. inlenlionol omissions. misrepresenlolions. or Ihe override of inlernol control. Obtain an vnderslonding ol inlemol control relevonl lo the ovdit in order lo design oudil procedvres Ihol ore oppropriole in the circvmslonces. bvl not lor Ihe pvrposes ol expressing an opinion on the ellecliveness ol the choritoble compony's intemol control. Evoluole Ihe approaleneSS ol occounling policies used ond the re050nableness ol accounting e51imoles ond reloled disc105wes mode by the twstees. Conclude on the approprialene5s of the Iruslees. use of the goin9 concem basis of occovnting and. based on the ovdil evidence obtained, whether a materiol uncertainly exists reloled lo evenls or conditions that may ca51 significant doubl on the charitable compony's ability to continue 0$ o going concern. If we conclude that Poge X) 0148
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PLUS (PROVIDENCE LINC UNITED SERVICES) PLUS o moleriol uncertcmnly exists. we ofe requwed lo drow ollenlion in our avdiloT'S report lo the ieloted disclosuies in the finonciol stolements or. il svch disclosures are inodequate, to modify our oynion. Ovr conclusions ore bosed on the oudil evidence obloined vp lo the dole of our OULlitor's reo(xt_ However, fulvre events or conditions moy couse the choriloble company to ceose lo conltnue os o going concem. Evaluate the overoll presentati)n. Structure ond content of the linonciol slolemenls. including the clisclosvres. ond whethw the finonciol stotements represent the underfying Iran5oclions ond events in o monner Ihol ochieves foir presenlolion. We commvnicole with Ih05e charged with govefrionce regording. omong other matter5. the planned scope ond liming of the ovdit ond significont oudit findings. inclvding ony signilicanl deficiencies in inlemal contrd thot we HJentify during OLK ovdit_ use ol our report This report is mode solely lo the choritotAe companys members. os o body. in occordance with Chapter 3 01 Port 16 01 the Cornponies Act 2CX)6. Ovr oudit WOA hos been undertoken 50 thot we mighl stote lo the compony's member5 those matters we ore required lo slote lo Ihem in on ovéilor's report ond lor no olhei purpose. To the luNes1 exlenl permitted by law. we do not occept or ossume responsibility to ony porty other thon the chorilable company ond choriloble compony s member$ 0$ o body. ow audil work. lor Ihi5 feport. or lor Ihe opinions we hove formed. Luke Holl [Senr Slolvl(yy Audit(Kl ond on beholl ol Aloofe Klngston Smilh ILP. Slalulw Auditor 9 Appold Street London EC2A 2AP 12 October 2023 Dole.. Poge31 0148
PLUS {Providence Linc United Sefvlces) Notes to the Flnancial Stalements F¢Y Ihe year •nded 31st March 2023 {Continved) PLUS Rexrlrned UwèrtnEted Tot•1 Fun 2021 2023 thvesitTrent Incon 62.4 61C84 52.550 Chthitobleottwitts Care & Support Hwsing& Rental Sma.514 49.758 5.924.C139 49.758 5.7LKI.927 39,840 Total Incorn 6.IKJ5.365 6.035.950 5,793,318 Expndituf• C05t of roitixJoJus Investment mthiaser'lees 31.268 3L268 36.538 Choritoble aCEiVities (are & Support JusinB & Refi 62,Q46 6.549 309.015 6.118.595 309.ois s38,468 328.142 62,046 639 6.458.879 5,903,148 N•t opffitlniexpendrluve 13LI611 1391.4671 1422.9281 1109,8301 Nei Sain1}5$e$) investrnEnt assets li 1256,4YII 1256.4911 241,09D 14et (31.4611 1647.9581 1679,4191 131.260 RecrffluliJtiun olfvndi Funds broushi I0r at l Awfil 2021 8f.933 8,258Dia 8344.946 8.213.686 Fvrtd5 ¢aNi•d at >2 Marth IOI2 55.472 7.610.055 7.665.527 8,344.946 Al of Ihe alw r85w15 are TrIJ *Itles. Pl 58S in Ihe yaaf and are inrludEd Page 32 of48
PLUS {ProYidence Linc Uniled Servlces) Notes lo the F5nanciol Statement5 For Ihe year ended 31 st March 2023 (Contlnvedl PLUS 8alan¢e Sheet 2023 2023 2012 2022 ed Ass•ts IDian8ible fixed assets Tall8ible fixcd assets Investments io li 1.944.538 5.056.569 1.861.114 5.698,319 7.iXII.107 7.559.433 Oebtors Cash at bank and in hand Iz 537.335 712.843 1".250.178 874.665 676.716 1.551.381 •ditiws: Amoumtsfllliry du• 13 {585.7591 1765A681 664.419 785.513 TotalAssÈts lasC4Wrtrt h•blld 7.665.526 8,344.946 Restricted hjnds 16 Unce5tricted fvnds.. 17 .Desi8swied fvnds Ilndudin8 ie4aluation reseThel Genetsl funds 55.471 86.933 3.775.640 3.834,414 3,922,972 4335,041 7.665526 8.344,946 These finonciol stolemenls were opproved by the Trustees ond ovlhorised for issue on 18 September 2023 ond signed on they beholf by.. D. l. Dannreulher Choir Company nvmber:02782712 Poge 33 0148
PLUS (Providence Linc United Servlces) Notes to the Financlal Statements For the year ended 37s1 M(wch 2023 {Contlnued) PLUS 2022 Net cashlvsed ¢ny actThies fZ74MJS1 331974 IrAEEtnnt IlfDme irtvesl recei+ed Pmceeds from thswjsal offixed a55rf irrfftstmprtt% A¢¢wi5it1Dn.offjx asst IfY+E$lmerts P8yfflenls lo xrwirè taryible 355els Paymerts to ae0j1 intatyJi14e hod a$SS 6IN94 1.036.182 11.65J2Y9) lJ36.5301 S2.550 1.648.832 IL754.222 137.¢611 Net cash flow5 from actrthbès 310 5(8 90J05 Keide¢reas¢ in cath and tash •quhalems 36.117 1112.286 cash and cash iwrralents ai twing of%r 576.716 1.099.0)2 Cash and ¢•sh equi¥•lents end ofyeaw 712 676.716 R8¢onclllatlon rbAi incomvll•xpendiEuf21 to net cash flDw fvorn op•r•tyng •ui¥its 2022. Nei incomellexpEndthrel IhID9 •ndOTh 1619.419 131.260 Ntt losseslf8ainsI mort150tlu>chap 25(491 1241.0901 FQ 52.964 60&16 151.5501 1401.3261 173W5 162P941 337.330 IUO.J09Tr Ilft(reJsell4<ieJstin detknrs Net ewh Iw•d ifiy pro¥hJed by opernD"ry wi¥iiies 17 931 Net 4ebt ai-m 2022 2923 Cashat bka•a 5fi hand 676.716 36.12? 71243 Poge 34 0148
PLUS (Prov5dence Llnc United Servicesj Notes to the Flnonciol Slalemenls For the year ended 31st Morch 2023 (Continved) PLUS NOTE I: Aecounliftg Pollcie$ a) These financi815tatements are prepa on o goir#J concern bas, under hi4orical cost conbtnthon. 85 ftdIf ty the rwdktth.on ol fre8hthJ and buibjings aTrJ Ing rneasvred al feir vae through Inco ano expendffjJTe wdhin the Stalement ol Fin8ncAI NLli¥ig5. The fin8llCi815toleffnts te prepared in oecordarKe Tmth Ihe Financhil Rerx)rbThJ Standard apphcable in Ibe UK IFRS 1021. The Charitabk Company is 8 put4ic tnefft enbty for Iho pufposes or FRS and Iherefore Ihe Chanty 0 prepared ts financ 51atements in accordance with the sratement of Reclwnmended Practice a(Yltcab lo chanties weparifvj Ihw accimjnts in coal&nce with FRS 102: Ihe compan Act 2((fj arKI IKq Chartt$ Acl 2011. The financial ststernenls am preparwj in steth'rKJ, which is the funcltonal currertcy of Ihe chBrty. Monetary 8rnwnts in these financial 51atements are rounded to near&sl pound. The prin¢wl a¢¢ounb"no 8dwi¢d in the piepaiatson olthe finaThcial slateThnts we sel out betow. b) The Tru51ees ha¥p assèssed whelhef the use of the g)ing concern ba515 15 appropne and havè consx1ered eNents or ¢1Th1th"tyis Ihat might ¢ast sKJnificant doubt on the abilty ol the Charty lo conbnuB as a going concem. The Truslees m&Je this assessmenl for a period of at least one ygor from the date of 8pprrKal of the finoncwl stateffnts In partular the Trustees ha consJered the Chanvs forecasts and Pfqections and h laken accounl of pre5SUfÈS on feè Income. Ajtei rning enqu4rie5. Ihe Tru5tee5 cr¢jded that there are no materkgl unceriainlies as lo wthether the Chafjty has adeqvaie reswrces to continue in Opera181 extslen¢e for Ih? foreseeab rthuie. The Ch8nty ItheI0[e CO"nueS to adopt the goirKJ cern basis in prepariThJ its financial cl Voknntary income 15 by way of oI)n5 and gtts j LS incrled in fufj in the Stalemenl of Financial Actp4i'es wln recefvot. d) Income recehed tsnder Ctrac1 is accwnled for on an accrua& basis Ctrac1 inccffle is allocated in Ihe Stalemenl of Financial Actr'e5 lo the cbarrf8trAe actr lo thh rt rektèS. el Restricled funds a to te Used for Speerfd as dÉyn by the donor. Expendrture which meets jh cirteria 15 iderth.fied as eypendbture Ifom thè lund. Unrestricithy funds arg donatKJn5 and crfhef in¢(*e teld or generetwj lor ¢hanl8ble pOSe5. o) OesvJnabJ funds are unrth.C fuTh1s eaffr0rk&J tsy Ihe TStee$ for part¢[ purposes. Poge 35 0148
PLUS (Providence Llnc United Servlces) Notes lo Ihe Financial Slotemenls For the year ended 31st March 2023 (ConlSnued} PLUS h) E4ndUl8 6 occounted lor on an accnjts tMg"s. Care & &Jpport, aDd Hou & Renial costs ¢pse dire¢l costs incvrteil c8rrying (wt Ihe charrtabk ocIpAl of Ihe organisation incbjdi direct stsff costs and dI¢ty att"bb runniry co. C8fitr costs which I(lude staff costs and overhead expenses afe albxated to charttabk aclMbe5 on basTrs ol siaff s[t suppo"n9 Ihose i) Governance costs are costs associaled wrfh g[1[3 ts Chaity. i1J11¥) strgK pknning and ¢omplianc• ConstA)n and slatitsy requiremerts. ) The Charity caprtalises tangrtAe assets wth an ècquisrfK value of cfier £1.IX(l. Oepreciallon is prrfvided on tsngibk assets excfudtrwJ freelK&I pro[rty at rates cakthated to wFilÈ each asset ¢SMI Furniture aThJ filb'ngs. Motor ¥ehicks & DlIa1 1[rentr %) The Charty caprt8f15es intsThJible assets wth on a¢qui5rfÈon of r £1,OC#) Arno.$8110 is pThided on ai iTrtsngit4e assets al rates calculJ to wrile each asset dLvwn to ts ests"mated al vduo Lwenty ils 8ApecbJ Usef hf•. as foknws.. Sofrmre 4 year5 Rafit8ls AppIcab to opèrab"NJ lS•S are charged io the S&ement of Financial AclMkne5 on a strawht e basis w the lease temi. ml Instsents hebj as [ed assets are rvf4ued at mthknrtet al the I)e SI d aThJ gains or k)$5e5 tsken to Ihe Statefflenl of Financial ActNrftes. n) Thè Chafity operates a deftned contribulion nSIOn sCe NOW Pensions. The assets ol Ihg Scheme afe hdd sep8r8lety from IIK)se of thg Chawty in èn independ8nty-a(knini5tered fvn(J by NOW Pensions. The pension c051 charge represents contn'bvtsjns Poy4b UFM181 thè scheme by Ihe Charity to the fvnd. Charty has no liatihty under Ihe scheff. other than f the paTht of those ¢onlribulions. The Cornpany a150 rnak8s nnIhiY coth"bLrtJ"ons lor one empbyee lo the Nalional Healh Ser¥ice pen¢ Scheme. Thi5 scheffle is unlurKJe(S MIemploYer defined benefrt scherne as dgscrib8d in FRS 102. As a cortseouence rt 15 not possit to hjentify Ihe Chatty's sharè of tha undertying soheme liabliti.es Ihecef0 the scherne ts accounted for as a defined conln"bub"on scheme. ConlritMJb"ons are Set in rewion onty to ¢yrront seM¢& pei)d and a noi affected by any surplus or deficit in the scheme rdabng lo past service ol wWoye85 of ts Chonty. Esbmaled future differences ttheeft scheme assets and aro beiThJ ajjustad thrwgh increases or decreases in fvlure seFice coDtritsutions. o) The costs 01 Shct-terM ernF)yee tenefits are recoJThl as a 8ThJ an expBW. p) Cosh cosh equWarts InCe cash in h&bJ' ¢Jet)sts hekl at cal *ilh bank5. Other short-term IiouKJ iTheslments wlh ¢xiginel m8turilies otthret monlhs N bss. Poge 36 of 48
PLUS (Providence iinc Unmed SeThkes} Note$ to the Financial Stolemenls For the year ended 31st March 2023 (Conlinuedl PLUS q) The Chalty has ecled lo appty the pro¥ of Sectiw 11."BaS Financi¥J Insthjmwts" of FRS IIY2 io all ol ts fanCial instnrnts. Financial inslnjments are rec¢)JnJsed in Charty'5 bobtbc? sh881 Wthen th& Chanty becomes pafty to Ihè c(xraclud pr1($ of the instrument. Financial 85sets and habilits5 ore offset. wilh net arr¥)unls pre5erled in Ihe fInarla1 slalements, en Ihere is 8 9alty_ enforceabte nght 10 set off the recognised aK)Unts ond Ihere s an nI10ft to selle on a net bays or Its reatsse the asset and selle the Iwbilty s¥nneOuSlY. Wth the excÈpti¢Jns ol prepayments And delerred Incom&, afj other debtor and credrtor nCeS are considered lo be basic financ1 instrurrwts under FRS li. Sae not8s 12 aThJ 13 for the debtor and crodknr n(1os. In preparing finaTr¢1 slatefflerfs it 15 CeSSary lo make certain NKJThrts. esth" and assumpl¥)ns Ihat affecl the arnounls JiSed in financial statwnents. The icdkniiDg judgements arKI esb.mtès are consmkfed by Ihe trustees to ha% most snifant effecl on OUnts rOgniSed in the financial 5tnIs. The I0ng judgemem ts constijerwj ty th& trusts to most soniant effect on emounts The chanvs freeht)k1 propety Jnb51ment prcffrty ts intded Mi tt fiw¢ial statemenls at valuabon as desciibed in notes g and 11 lo the financid stste[r. This is con5M18rÈd to be a eAkncal account esb'mate in blew ollhe awKJnts wxl ts juthpnerts phed lhe kn"0. The irfyeslrnent protwty was r&4obJed by a third paty, Bnmon I<Dows Sur¥eyTh5. in Febwu8ry 2021 in accordance wrth Ihe Practsce Stalements and Guidance Notes contamed in V8hJab'on Sl8nd•rds of the Roy81 1nslrtun of Chart8fed &IYO (RICS) 6th EdAton. The Ttustees conSer Ihat the upd8ted valuation5 iepresent Ihe test esb"n ol tsir vdhje al Ihe baknce sheet date. Poge 37 0148
PLUS (Provldence Linc Uniled Services) Notes to the Financial Slotements For Ihe Ye ended 31st March 2023 {Conlinued) PLUS 2 lTh¥esmient In¢om• 2023 2022 8aTrk Inte5[ In¥esiment incorr 5.241 56.853 143 42,614 62,094 42,758 3 In¢om• from Ch4rllabEe A¢ll¥rtl•* 2023 Totsl LtindoA Bofouth of Lewisham London Bofouth of ScwAhwark London Bofouyh ol Croydon London Bofow of &Jtton Other income Tenant charges H¢3usin8 Assocation char8es NH5 Lafflbeth Other grants COVID FUND 4.601.635 867.915 41.355 192.n2 20.317 49.757 4,601,635 867,915 41,355 192.772 20317 49,757 171.112 171,112 30585 30.58S 12,4601 5,943.271 28,125 5.973.856 2022 Toial London BorovRh ol lewisham London 8orouRh of 5outhwork LoTrdoo Bor0 of Croydoo London BorouRh of SLbrton oiher income TenwEt chaiKes Housin8Asx>cation [Be5 NHS Lambeth Other 8rants COVID FUNO 4,226.989 916.452 39.086 185.786 31.076 39.840 906 170.973 6.595 121.486} 5.596.215 4,226.989 916,452 39.086 185.786 31,076 39WO 9)6 170.973 6595 123.066 5,740.767 144.552 144,552 Page 38 0146
PLUS (Provldence Llnc Uniled Servkes)
N¢les lo Ihe Finonclal Statements
FOT the ye
PLUS IProvlden¢e Lln¢ Unll•d Serv1¢) Notes to the ff nonciol Slotements For Ihe ye<w ended 31st Morch 2023 (Continued) PLUS * Total EyndStUTe Care& Tots'l staff 5alarte5 Covid sèl•ryc05ts Agency ststt csv. travel and Sun&yexlld Foodand pmvisions Prcyertyexpet)dlture HOilSln8Assoccharges 5eThlces &ArtTherap Legal and proteSslon•l Audit afidthhsultancw .421q236 4W.275. .136 117 917 8.732 8B.fA7 15.373 7Y,¥i 188.447 63.41S 9.It4) 144 ILYO 140. 26,340 263,129 17Y T¢)tsl dirrfrr05ts 9 I851. 14*K 5717D3 5J66.610 AIIoraibon of ¢eTrtr % a.917 38.341 1144xxsI 15717021 Total resources expefided .5.381.226 328.142 S66.610 Poge 40 0148
PLUS (Provldence Linc Untted Servlces) Noles lo the Flnanclal Stalemènts For the yeor ended 31sl Morch 2023 (ConNnued) PLUS K•t Incornlng Resourc•¥ for the Year 2023 IIMS is anar chargiW{credrtwJ}.' Auditots. remuneratiorr Audi5. remunerolm. prior Auditors. rwuner8l. accow1r9 s¥¥Kes AJTh)rtisabon Deprecia1 Operab"ng ase rentsLs- prryje Operating knase rentsts- (ther 16. 14.41J) 70 52.964 70 60.816 78.750 3,2( 3,2¢YJ 2022 staff ¢thm&n Iho Salari¢s and ge$ PenTr costs TOW emdgjments SocFaS secunty costs Totsl staff costs 4.160.811 89912 4.2SO,723 389.361 4.640.084 4:(ffj¢.2n 4.150.165 338.109 4.4e8.274 £90.(WI. Key wsonnel irW Ihe Twslee5. Ch1 ExeculAe {•)J wior ff reprytiJ directy lo lh8 Chief Execthe}. The lotsf emktyè benèffts of the charWs k•y managwthl POFsonnd £3J.463. 12023." £285,517). Plo Iruslee r8cefyEd any refflurTrkn us part Of1h fvJure. Abr4e weekty numÈe¥ ol 8rwby885 thrirvj ts year. Operalional SeNc8S Central SeN¢es Bank slaff 103 15 65 1S 70 rrttstanding conlrknAi th 8131 IAarch xr23 (2022-. £17.757). Tntstees T•x•Uon AI iKtxnÈ is ¢h8rrtat48 *bJ for pUvrSe$ Iherefofv ts Èxerw fr¢ ctsrw8knn Poge 41 0148
PLUS (Providence lin¢ Uniled Ser¥l¢es) Nole5 lo the Financial Slotemenls For the year ended 3151 March 2023 Icontlnued) PLUS 9 Intsnglble Axed Assets Coryt•r Computsr 2023 2022 Cost At 15tNJwl 2Tr 12.841 12.841 Pl 1st Apr4 Charge for the year 31st •Aah 2ff23 $2.771 7(F 12.771 70 N•t Book V•fue Al 31st Alarch 2tr23 At 31st i4arctt 2022 70 7(> 10 T•noth Fd Assets Fre•fvold Furntture Land and and Bullthnos Equlwmot Vepode Equipment Co3VM•rket v At 1st Apr 2Tr22 AthJ(o"ons Dispo 1.767.160 11.41 423.459 125.130 28.eJ38 2.256,251 At 31st Mafch 223 28 638 2 392 781 Aecurnulated Deprttl#1ion At 1st 111 20Y2 Chaige for Ibe year Elimina8d on di5P05al 345.424 42.125 27.048 9.f13 22.667 1.726 395.139 52.961 At 3151 March 2 387 549 36.161 24.393 448,103 Net 8ook Value At 31st March 2trfJ 4 245 1944 538 At IstApril 22? 1.767.1fj0 78.035 5971 I1 112 tsngit40 f) assets a us¢d tr dir¢tt etIo The freeh¢Jd pr(wty was r&¥#ld by a Ih¢rd paty. Brut Knowles SuYo[5, in February 2Wk1 . accordance wilh Ihe PractKe Stalents and Guthnce Ncth cOnj in Ihe VakbaliLm stadarf5 01 t Royal In5btsrtion ol ChaF¢èred SumY0 (RICS) Etlthn. TnJstee5 consider thai the vpjabj ¥&Uati5 reweswrt the test estitrote of faif at Ihe totsnce sheel date. The OriL¥n cost of Ihe free1K aThJ bu*irys was £545.(XXI. Poge 42 0148
PLUS {Prov5dence L5nc Uniled Services)
Noles to Ihe F5nanclol Statements
For Ihe ye
PLUS (Providence Linc United Swvices) Noles to the Financial Slatemen15 For Ihe year ended 31s1 March 2023 {ContSnued) PLUS 11 D*btors 1022 Trade debtors Prepayments and wued income Other debtor5 405.729 123.715 7.889 537.334 663.375 210,664 626 874.665 Creditor5: Amounts hlling due wlthln one year 2022 Trade crediiors Taxation & social sewrtty Accruals and othef t[ltorS 85.117 95.877 404.765 585.759 175.139 9"2.804 497.925 765.868 Included in acc.ruals and other (reditors is an amount £ 18.6SO [2022.. £17.7571 relating to employer pension coniribuitons. vd Futtwe Fin1 Commiiments At 3191 March 2023 ihe chafity had total commiimenis under operatin8 leS a5 follows.. Lafid ¥r4d Dulldlrys 2023 20 Other Operallng Leases 1023 2022 Operating lease whith expires.. Less than l year Between two and five years O¥er five'yeais 78.751J 315.CK(I 411.374 805.124 3.209 6.418 3,209 9,635 338.(KKI 412,ThXI 834.5(M) 9.627 12.844 At the reportir¢B data the charity had outsiandbnB fflinifflum future leIp1S from non- canlIable operatin8 lease. whick fall due as follow5= Falling due= Les5 than l year 6,746 9,454 Page 44 0148
PLUS (Provldence Unc Unlled Servkes) Notes to Finonciol Slalements Fot Ihe yeor ended 31st Morch 2023 {Conllnued) PLUS IS An•W ot Ii•tAtiots betw Ftsnd Fwwj TP5 Ot 31st Mwch W2J v4 by. Fwts Fundg T¢¥t&il Ir146 W asse15 T0rWJi fixwj i.w. 1.831.102. 3.225.467 S.(.9 1.194.707 55.471 585.759 3 775 640 3 834 415 7 865 521 Fimxl i)nc•s * 31st klarch 2Dr2 0 (W$S] by.. Ful Fuhd raTrai frA•J 8SS8ts lThTstrn Cuffeni 8ssots 1.1.114 1.801.1.14 2.ffil. 3.%.461 5.698.319 1.464,44B 1.551.381 .933 Credrtor5 765 Ttytsi As•¢ts lets¢ Cwrwrt 933 3922972 4 335041 8 344 940 Poge 4S ot 48
PLUS (Provldence Linc United Serv•ces) Notes to the Finoncial Slalemenls For Ihe yeor ended 31st March 2023 (Continued) PLUS 10 Il•Btrlctad FurMI¥ 01.IM.22 Q1.04.2J 76.331 0.83B) 48.493 bl Infettion & Cut4 LFD TsityJ FLTh1 9.701 8.078 ¢) WNkfort¢ luntt 01.04.22 81 Cawrs se8 ISoLth¥art & Le•75hl) 76.331 76.111 b) Inlo¢ivM LFO Tes¥rwJ Fwwj rJ.293 78.9)1 (W2.4931 9.701 IVlorkfwEo rocruh)wtt fwK1 SX)1 157 243 al Tho tarèrs sÉThitÈ represenis giaNS the Lc#W ol sr1# Brwh of Luwshom to for Ca. 5Wwrfhnthe Ivne. TAeekèthJ. 8TrJ sMrt breaks rJe at cknbs. bl Thè Infèctts) awj LFD Taw Fund scred ol r1 fffi1ir•J grwts receN Irprn the LfyiO)n 8orougtts ol todefray c0515 in to wrfotiK)n Th$.. $8f8Ms"no,' i51t5. ial CarÈ {DHSC) Sbal care prtsiters Ks r•Jute th8 rate ol Cov119 trartsrni5si w¥J dl The Worforce Recruknwt aTrJ FuThl k)t81 •tress adul srx care lI1(e catr kyesswes in th•"fg•>Jr4thKai area thr(wh recnJnert aTrJ retenlpx 8clMty. Poge 46 0148
PLUS [Prov5dence Llnc Unlled Servkes) Notes to Ihe Flnanclal Slatements For Ihe year ended 31st Mar¢h 2023 (ContSnued) PLUS 17 lJrw•slr1Gt fund2b Balan 31.03.23 Qi.0422 Ine•m¢ expend[rE Trn•f•r5 01 caprf fund bl RWJ8tioTh reser-?(09 c) PrDpgrty managqmert (urKI 2ca ¢Jl 1)tr)nI PrLwrty.2016 e) 0?nt fuTrJ. See5.2075 Voids fund- 2070 gl Social fu 2071 h) carfn reductn fwwJ-2039 i) Firg furKI- 2040 il Mayw Ri•Y rt-up FLwbJ 1.3W.733 1.628.797 1.315 426.463 170.1VJ4 94,141 1,18B 17.3 1.628.797 61.515 426.463 188.844 167.1 9.43 (KJ2WI (18.7gJl 3.0411 {2.2501 12,7W) 45.iXX) 45.(IXJ Tot01 Deswjrw 3.922.972 45.(¥AI {192.331) 3,775.640 Fund5 4.335.011 6.1jj5. t6.204.9)21 (V.4911 3,879.414 380 T12 J1.QJ.22 1.3KI.733 1,628.797 85.7eii l.WJ.733 1.028,797 81,515 426,463 188.844 167.182 9,438 20.LNX) 20.LXXJ 142451 ) fvnd. Ftrofft.2076 el fuThY. Swce5.2075 Vok15 lund- 2070 gl S¢x4 lund 2071 h) Cart fethJ£lK)n fuJKY.2039 il Fire sofety fvnO- 2040 189.322 1&5.271 10.738 (478) (19,C651 {1.Xrf)I T•tal 11•gnat•d Fund• 3,913.9x1 131.018 3.922,972 General 072 5.648766 241.(M) 140.(m) 4.335.041 Totsi Unn3lwKtod FurwJ¥ 114(62 5618706 -5745gr 8 258 013 Page 47 of 48
PLUS (Provklence Llnc Uniled Services) Notes to th• Flnanclal Slatemenls For the year ended 31 sl March 2023 (Conllnued) PLUS 17 Unrestricted funds (C1d) Desiqnated funds a) The Capital Fund represenis fvts hekl tAtylhin freehokl properbes. b) The Rwdlualion Resem repre5enls Iho tr1 unreaftsed gains freebj properb'es aTrJ ftxed asset ifftestrnents. c} Property Managefflenl FuTrJ. Tr Trustee5 hw e"maknJ the18 of funds requi0 for iepair5 and mèinlenance to be earTd on prope"eS thvn8J crf teased by thg Charty. d) The Pmperty De¥eWnent FuThJ is lor inwrtmmenls and adaptab'ons to properl Own or leosed by ts Charily. H 15 atso intended foi pr(yrty a¢quisib"on to lurther the aims ol the Charty e) The Services I]eWip 15 for the of ne 5eAryces to fkKlher the aiffls of the Charrty. Q The Voids Fund represents money sel asK1e to c¢Mr h)sses of incom Oue lo un-fvnded sefyice user vacancies in resKJentr'al al suptx)rted lTrAng h¢ms. g) The Soci01 Fund is used lo prO+e weffare grants lo seThice users on applrcabon to a corYThrttee of service users and slaff. h) carl Reduction Fund - Intended for w in rw}ucb' ofthe charit5 carton fLrI1, including purchase of conyjlancy and practh.cal meagjres such as wnprwng insthalion and the efficiency of heatrrw instalkhons. i) FI Safety FuThJ -This lund has been esta1th.sh1 lo meet the Costs of Nnprurne1ts in fire safety equipment and Iiie compart[r"on lo bn.ng Ihe Charivs tsuihjings up to currenl specificab"ons. 11 is intended to atw Fund lo tMJJings owwl kased by the Charity. il Mayow Road starkup Fu1 - This represents fisnding Klentffied fot addthJ"on81 *ffiivJ and training costs in conneC1n vnlh"openiThJ a service in 2tr23-24. 18 Rel•t•d yrty tr•n¥•¢tion$ There MEre no reknled party traftsacts.ons in Ihe euirent or prior year that require Lb)s. 19 Company Ilmltsd by guarantre The chanlabk Company is under contrc4 of ts membe. No one mefflber has sufficient "ng nghts lo control Ihe eha[itab company. Members of the chafilable company guarantee lo conln.bule an amLtfil not exceedirNJ £1 lo the assets of the charrtatrAe company in the ft1 ofwinding up. ttyal nufflr ol such guarant5 at 31 March 21ry3 Yds 7 12022 '. 8). Poge 48 of48