oneFyl*. tkng peop to ve thwrbeJt tives One Fykle a Company Limited by Guarantee Report and financlal statements for the year èndèd 31 Marth 2024 Ctharlty number: 1045039 Company nurnber: 3017303
oneFJl. Supwrydpeop* t(> hve Ihwrbè5t Contents i-io Report of the Trustees 12-14 Auditors. report 14 ststement of financlal actlvities 15 Balance sheet 16 ststement ofcashflows 17-27 Notes to the financial statements
one I Report ofthe Trustees for thÈyÈar èndd 31 Mah 2024 The Trustees, who are also directors of the Charity for the purpose5 of the Companles ACL present their report and audited financial statements for the year ended 31 March 2024. Purposes and Alms The Charity's purposes as set out in thè objects contained in the company's memorandum of assocSation are as follows.. The care and supportof people with learnin8 disabilities, learning difficulties, mentsl hèalth Isstjes, acquireil brain injuries andlor physical disabilities, and their families, Included but not limited to Supportin8 these people to Ilve In Independent and safe envlronments, induding through the provision of sultsble housSng where acquired and appropriate. Enabling these people to live fulfillin8 lives and in so doin& to provide person centred care and SUPPQrt. atfvocacy, educatlon, tralnln& employment and sorial artivities whilst resperting indiviéua15' and their families, culture and wishes. Advancing the education of, and en8agSn8wlth, the publicat large and local cornmunitie5 in relation to the needs of those that the charlty support%. The foeus of our work The Chafity's mission ststemenL updated and approved by the Board in Aprll 2010 reads= One Fylde 15 a locally focussed, Independent, community led ¢haritsble provider of 5UPPOrt and houslng to people wlth learning disabilities. Our Values Inclusive-. believin8 that we all have the rlght to live the Ilfe we choose. Respecrful: valuing everyone and appreciating their contribution. Enablirvd= SUPPOrting people to work towards their dreams and goals. Flexible.. bein8 ready to rnake changes and adjustments. Open: a wllllngness to be honest and transparent. Our8. ualit of Llfe Indicat Having meaningful relationships Being physically and emotlonally he31thy Havtn8 my privacy respected Havin8 a safe and stable home Havlng meanin8ful purpose to my days Havin8 choi5 Being heard and feelin8 respected Having financial security Strategic Report Thls year. we maintained our focus on the well-being of all our staff teams auoss Onè Fylde. We Smplemented the financial wellbeing platform Wagestream. whleh allows staff to acce55 their pay flexibility outside of the payioll cycle. We a150 explored the implementatlon of the Real Living Wage for everyone. As a reiult. all staff will be offered the Real Living Wage In 24-25. Our quality improvement team
one I le. continued their efforts from the previou5 year, con£entratln8 on the 8 Key Life Indi¢aior5 to foster a positive and ernpowering culture throughout One Fylde. Pro8ress on Key Oblectives.. Objertfvv i Im lement the One F Ide Peo le we Wa b focusin onourel ht of Llfe Indicators related tothe The One Fylde Quality Way was further Integrated by ensuring that the Access Care Planning system was ali8ned with the person-centred new documentation system, whlth included the eight Quality of Life Indicators. This began with the All About Me documentstirjn and ensured that all supported living servité team leader5 had adequate support to tomplete the documentstion and be8in using the care plannin8 system. This process also involved introducin8 accldent incident reporting. Each month, we encouraged supported Indlvlduals to partlclpate in the Big Conversation cOMpetIOns, whith allowtd them to visually represent their responses to the themes usin8 Sma8es and word5 based on our ei8ht Quality of Ufe Indicators. ObjertNe 2 To revlew the HR and Recrultment function across the alar for our collea ensurin we have an exlIent Peo le Plan ue5. A solid HR tearn is now estsbllshed, Includlng è role dedicated to recruitsnent and retentlon. People Planner, our rota planning system, remains the go-to resource for current HR and 5chedulin8 informatlon. The Colleague Wellbelng survèy was tompleted, highlighting key focus areas.. pay. wellbein8, and communication. The introduction of Wa8estream durln8 the year and our commitment to the Real Llving Wa8e in luture years aims to address staffs concerns re8ardin8 pay and wellbein8. Efforts are underway to enhance communitatlon wlthin the Charity, with sesslons initlated and plan5 being developed to improve the flow of information. Objertlve 3 To ensure we have robust finan¢e s sterns and rrKesses for financial anal is and re rtin Throughout the year, we continued Integrating the Access People Planner rota system, Access Ca Plannin8 applic4tion, and Opera finance and payroll systèm. Hornecare stsff now submlt expenses elÈttronically via mobile phones, streamlining the process. We also implemented more detailed reporting to identlfy areas for improvement. ObJertfve4 To ensurè a Fundraisin Strate Is In lace for One de. A consultant proposed various strategies for One Fy¢de to enhance revenue and brand awareness, such as.. Designate a member of the exetutive tèam ICEOI for fundraising responsibilitie5. Evaluate the need for a Comrnunications, Marketln& and Fundrai5in8 Manager. Provide staff training on the Fundralslng Code of Condutt.
one I le. Consistentty daim 8ift aid. Create a Legacy Campaign featuring a Wllls, Month event in October 2023. Enga8e in networkln8 to establlsh connections with lotsl buslne5ses. ObJertlve5 Revlew and researth electronic s im lementation in 2023. ems for su ort lannin and care dotumentztion read for A research projert and tender process led by an Èxtèrnal consultant was MPleted and resulted Sn a further three-year cgntrart with Access to contlnue uslng the rota plannlng and ¢are monitoring system. One Fylde ha5 clear targets to aChIe the implementation of the system for support documentstlon by October 2024. Oblertlve 6 A Housin Strate wlll be in lace to ensure that we have a ood stsndard of tustomer service for the Peo le we Su ort In the houses that we own and lease. The Housing strategy efforts have tontinued with a comprehensive programme of property condition improvements. where a Specified arnount of £436,)0 had been allocated and the first phase completed. This year, new properties have been acquired for £843,881, and one property was sold for £186.945. Tenants were moved from outdated housing Stock into propertSes that align with the agreed future accommodation speclflcatlons. ro rties and excellent It has been determined this year that a Director of Housin8 and Facilities is needed to advance the Housing strategy and shape the future accommodauon for Indivlduals with Learnlng Disabilities and Autism. A major project has been undertaken with the finante tearn and housln8 department to reproflle rents across all supported INin8 properties from 2023-24. Whilstwe completeour ongoin8 pro8rarnmeof property condltion improvementworks. we have designated one of our home5 for the use ol temporary decant purposes. This has temporarily housed people during renovations on their home5. Plans are underway to review posslble uses of the property onte property improvement works have been completed. A¢hlevèmènts and Performance Durin8 2023.24, One Fylde ha5 continued to support around 185 people wlth learnlng disabililies In Supported Livin8 and Homecare. Of these, 139 people we support were in Supported Livln8 across 49. propertles. We took back landlord fftspon5ibilities for our properties that were managed by Pro8res5 Hou5in8 and undertook a full review of our rental charges for tenants at all our propertie5. After extensive anatysis and ne8Otiation with the council we achie¥ed significant increases In our rents across the board. This will allow us to set outa full scheduleof works to make signlficant Improvemènts to the stsndards of all our propertles as we move In to 2024125. Key Performance Indlcators {KPlsl The trustee5 monitor the fdlowing Kpts on a monthly basls to assess progress against the strategle objectwes:
(Th Ile. xxtknj p8op* its llw best10$ KPI 2023-24 2022-23 Narrative average number of full time equivalent IFTEI vacanues durln8 the year number ol leavers durlng the year in proportion to the total workforce proportion of support hours dellvered by a8ency staff total sltk days in the year atross the wgrkforce Stsff vacancies 54.38 58.86 Staff turnover 28.30% 29.90% SeICe delivery by agency staff 13.80% 13.30% Days mlssed due to sitkness 4,483 4,403 Cornmlssioned hours 523.761 558,311 total hours commissioned for Supported Living and Hornecare voluntary, unrestricted charity income number of reviews for People We Support completed duriNa the year average number of empty rooms during the yèar DonatSons reIVed £152,180 £2,177 Annual revlews completed 85 Voids in One Fylde properties Wlth emerging posltivè results in stsff turnover; and conversely slightly less favourable variations in a8encv use. staff sickne55 and commlssioned hours,. the overall pidure remains relatively stable for the final yearof the 2021-24 strategy ryde. We experienced lar8e success in our efforts to increase fundrai51n8 wfch slgniflcant le8acy donations. Flnanclal Rtview As qUired by the Charities Commlsslon StatÈmeht of Recommended Practlte ISORPI for larger charities. the accounts for thi5 year have again been cast In terms of the activltles, firstly of social care provision and secondly of housing. The failure of commissioning income to keep pace wrth increasin8 stsffin8 Costs resulted In the settlnB of dehdt budget of £265,396. Thi5 experted loss was mitigated to some extent by the reprofiling of rents charged to tenants. Income for theyear totslled £13,l1,2O22o23= £12.424.5641. Income from Social care corstracts Increased by £175,16211.6%1 agaIt the previous year, and property income increased by £334.862127.8%1. Other income decreased from £162,016 in the previous year to £139,366 this year. Expendlture for the year totslled £13,119,51812023: £11688.8931. It a159 Indudes expenditure of £132,911 for Housln8 tondition improvemÈnt work5, which is chargeable to the Deslgnated Fund.
I le. SwwrtThJ pecp* to li The movement in unrestslrted Incomeluntls was £44,614 durin8the year, whlch Is a positlve outcome when compared to the budgeted defi¢it of £265,396. The main contrlbutlng factors to this result are the substsntial legacy donations received in the year and an increase of property values. In the Contèxt of these fi8ure5, the Trustees are satlsfied that the Charity has managed its financial affairs during the year in a prudent manner and that the financial health of the Charlty Is sound. Plans for Future Periods The strategic plan for 2024-27 wa5 drawn up followlng dSscusslons and workshops held with trustees, stsff, people we support and thelrfamilies and friends. Thè agreed oblertlves for the next three years are: Embed the One Fylde Quality Way. Develop a people plan centred around wèll-bèing and learning & development. Review and implement fin8nclal systems to ensure robust financial govemante. RaisE the profile of One Fylde as a charlty to ralse intome. Develop a soclal value framework to include environmental sustalnabllSty. Delop a Housing Strategy. Fundra15th8 Pollcv The One Fylde Fundraising Policy ensures that all fundraisin8 actkvities are ethical, transparent, and align with the charws mSssion. It applles to all staff. board rnembers, volunteers, and third-party organisation5 Involved in fundrai5in8. The policy outlines ethl(al standards. gift a¢¢epiance criteria. donor relations, transparency and accountability measures, conflict of interestdlsclosures, and the processforannual review and arnendrnents. The Charity also subscribes to the Fundralslng Code of Condutt. Investhitnt Polky The Charlty maintslns Its banklng wlth a reputsble and established Clearin8 Bank, keeplng tash in an Interest-bearing at¢ount wherever possible. Sublect to the requirements of the ChariVs Investment Policy, cash not required for the maintenance of reserves, is invested for the benefit of the Chariws beneficiarie5, havin8 regard to a balance of securlty and retum as follows. Any investments purchased are those recommended by a qualified IFA Ilndependent Financial Advisor) whose opinion is recorded In the minutes of the Charity. The Trustees note, however, that It tsthey who are wholly responsible for the declslon to purchase an investmènt. All acqulsltlons and dlsposals of investments are artioned only after the board has so de£ided. In general. and subject to changing conditions, the Trustees reco8nise the w15dom of balanc8 investments between those based on securities or bond5 and those based on equities, and endeavour to minimise risk whllst maximising retum by spreadin8 investments between these typts. The Trustees reco8nise that Snvestments which depend on the performance of the Markets must be treated as long term li.e. able to remain invested for five years or morel and wlll seek to avoid placing cash in investments if there are foreseeable clrcumstances in whith it would bè reguld earlier than this. During the yearthe return on the Charitys fixed asset investments was 0.7%12023: 12.6%).
one I le. Resérves Polity One Fylde is requiredtohold reseNes in orderto athieve its charitable aims. In partlcular, as a Charitywhith owns property. fixeil asset reserves are held in orderto provlde a quality and securlty of accommodation to the people we support whlch would not otherwise be achievable. Reserves of cash are also held in order to allow the Charfty to Continue operation5 when streams of funding reduce followin& for exarnple the death or departure of people we supporL Notwlthstanding working properties or other investments held, the Trustees, polity is to hold reserves of ash sufficient to allow 3 flexible and timety response to any urgent requirement for a packa6e of care and accommodation Similar to th95e cyendY operatin8- this Is represented by the unrestri¢ted general fund. The Trustees therefore con55der It both prudent and realistic to have general funds of between £1 million and £2 million Irepre5entin8 1-2 rnonths runnlng costsl- wlthln which should be cash balance5 of between £5CM).000 and £l,000,O(K), ideally. The Trustees. through their Finance Sub-committee and otherwise, will keep the level of reserves under review and take steps to keep any avallable funds surplus to the reserve ran8e Outlined above fvlly invested in line with the Charitvs investments poliry. They wlll also seek to ensure, through managÈmÈnt, that no decisions of the Charity allow the general lund to drop below the levels described above considerln8 the optlons for sustaining serveS In 60(xl tirne. As at 31 March 2024, the Charlty's general funds arnounted to £1,309,469 12023.. £1,254,170) lincludlng cash balantes of £1.450.60512023.. £2,352,720). This balance Is afterseparating designated funds which represent netfixed assets (long term assets held as property, less mortgage balances due after more than one year In connectitsn with those propertie51. deslgnated funds for property investment, and the revalu4tlon reserve which also fom)s part of the net long tem property total. 60lnB concern Whilst the reserves held are within the target area, the Trustees are mindful that cash bèlanees remain above the higher limit set in the wlicy. However, funds are belng taIned in the Property Investment fund to Invest In houslng as sultable Investment opportunlttes arf5e. The Accounts are prepared on a goSng concern basls. whith the Trustees consider to be appropriate havlng considered the foreseeable future. The Charity holds reserves whlch are suffitièntly In Ilne wlth its reserve5 policy. siru¢ture.Bovemance and manwment The Charity is Re8lStered Charity number 1045039 and a charitable company Ilmlted by guarantee and was Incorporated at Companies House in February 1995 as Company Number 3017303. having operated as an unincorporated Charity since 1985. The memorandum and articles of assoclation were updated durlng the vear and lormally adopted on 14 N¢)vernber 2023. In the event of the company being wound up, mernber5 aTr quired to contribute an amount not exceeding £1. The board of Trustee5, of whom there should not be less than three. are appointed for a three-year perlod underthe procedure described in Settion 61 of the Articles of A5SOCiation and may be deemed disqualified or removed from office as described in Sectlon 63 of the Artides. The Trustees meet six times a year, a minimum of fourtSmes a year Is required by the Articles, and at other times as required. I members of the Board givetheirtime voluntarIand re¢èive no benefits from the Charity. Any expenses reclaimed from the Charity are set ¢*ut in note 6 to the accounts.
one I le. SuFWtlw ¢t0 li%* thrbpgI Salaries paid to senior managers are set at a level which the Trustees consl(ler to be competltlve and are revSewed from tlme to tlme with referen to comparable roles In slmilar organisations. The current Trustees a already familiar with the prnrtical work of the Charity. NewTmstees are given an indu¢tiOh pa¢k consi5tin8 of various Charity CommSssion publitation5 giving guidance toTrustees, alon8wlth the memorandum and articles and latest financial statements of the Chadty. There Is an ongoing pro8ramme of in-service trainin8 for Trustees whlch has Sncluded sessions on the Role of the Trustee, the commissionin8 climate and similar subjects. Employment Polky One Fylde aims to ensurethat no employeeorrdndidate Is sublectto unlawful discrimination, eitherdirethy or indirectly, on the grounds of age, dlsabillty, gender reassi8nmenL marriage and ciwl partnership. pregnancy and matemity, rate lintluding ethnic or national ori8ins, cdourand nationality), rdigion or belief lincluding lack of beliefj. or sex and sexual orientation. Thi5 commitment applies to all aspects of employment, includln8: recruitment and selection, Includlng advertlsements. job descrlptions, interview and selectlon prcKedures training promotlon and career development opportunities tem)s and condition5 of ernployrnent, and access to employment related benefits and facilities grlevance handling and the appllcatlon of disciplinary procedures, and selection for redundanry The Or8anisation retO8ni5es the benefits of havin8 a dfverse workforce and wlll take steps to ensure that: everyone receSves equality of treatment in recruitment and employment job applicant5 are not aske(I for rnedical informatlon before a job offer 15 rnade.. that Is unless there are lawful reasons to ask lor mèdical information which include,. complyin8 Wlth disability dlscrimination law when making interview arrangements and a genuSne. lob related reason additional protectlon from discrimination is given tojob applicants wlth a disabllity, and those with a famlly hlstory of illness reasonably endeavours to recruitfrom the wldest pool of Qualified candidates posslble employment opportunities are open and accessible to all on the basis of mèrit where appropriate, posltive action may be taken to attra¢t applications from all sections of soclety and especsally from those groups whlth are underrepresented in the workforce selertion crlterla and processes do not dlscriminate unjustfflably on the grounds of a8e, dlsabillty, gender reassS8nment, marriage and civil partnership, pre8nancy and maternity, rate lindudin8 ethnitor national ori8ins, colourand nationality), rellgion orbelief lincludin8 lack of beliell, sex and sexual orlentstlon. other than in those instsnces where the oryanlsatlon is exertising lawfvlty permitted p951tive acbon Trustees attend events and are accessible for staff to en8a8e wlth by listenlng to their views and opinions and feedln8 back to the ExecutNe tearn.
one I le. SwJportUBPDwAtrt0hvethr best IN¥5 Risk Mana8ement The management and mitlgatlon of risk to individuals, safety is central to the plannin& delivery and monitorin8 of seiCe$. Staff are trained in rlsk assessment and focus on balancing reasonable risk alon8slde responsibility for safeguarding in evèry aspect of their work. Safe8uardin8 and whistleblowin8 policie5 are In pla and funttion to gain information about any risk at an eady stage $0 that appropriate interventions can be consldered. All safeguardlng matters are reported to and scrutinised by the Board. The Charlty uses the seTvice5 of Rradar Law and Health and Safety tonsultantyto redu the risk of liability for employment and safety related issues. Thls service fosters the development of positive and appropriate management practice and also provides Insurance batked indemnity for preparatÈon, representation and certain awards at Employment Tribunals and Health and Safety Tribunals. Financial risk is managed through the app(Nntment of professionally qualified managers, scrutiny of a corporate risk register. Interlm financial statements and internal audit procedures, but also through clear communicolion between Trustees and management about the financial and regulatory position in relatlon to current and proposed artivitie5. Or8anlsatlonal Strurture The Board of Managemènt 15 the decision-makin8 body whlch runs One Fyldè. It and its subcommittees consistof volunteerswho carry legal SponSibl11fy for the affairs of the or8anisation. Members of the Board are reglstered as directors of the Cgmpany Umlted byGuaranteeat Companles House, and a150as Charitable Trustees with the Charities Commlsslon. The Board gives guidance and direction to management, sets poli(v, and monitors financial matters. Trustees participate in the recruitment of senlor staff and in hearin8 disciplinary appeals agalnst decisions of senlor management. During the year under review, the Leadershlp Team Is comprised of a Chief ExeoJtivÈ Dfficer. a Director of FSnance and Support Servlces and a Diredor of Operatlons and Quality. Meeting weekly, the Leadershlp Team dealt with day to day management matters, monltored quality of servicE, communicated decisions of the Board, monitored financlal matters etc. Membership of Leadership Team is ex officio, arislng from appolntment to one of the senior management Positions. Pay Is revlewed for key management posts in line with external benchmarking and crfteria wll be Set goin8 fortyard to manage any reviews. The Senlor Management Team {SMT) Meeting takes place every six weèks and exists to promote 8ood communication between staff and management. advocate for staff and service user concerns and pass matters for decision up to the Leadership Team and Board Staff Meetln8s-Supported Livin& Hcimecare. Advities or Office, are for dlscusslon and communlcatlon of Èveryday operational matters. Assodated or8anls•tlons The charity is affillated to: The Nètlonal Countil for Voluntary Or8anisations Association of Chlef Executives of Voluntary Qrganlsatlons Voluntary Or8anisation Disability Groups
one I le. R•ference and Adminislrativè InfDrmatlon Charity name.. One Fylde Re8iStered Charty number.. 1045039,. Registered company number.. 3017303 Principal address/ re8iStered office.. Llbra House Cropper aose, Whltehllls Business Park Blackpool FY4 SPU TNstees serving durin8 andlor in post at the date of these xcounts Angela Rosemary Jacques lappointed 8th May 20191 An8ela Boyle (appointed I" June 20201 David Stanhope lappointed 20 January 20211 Chair Vanessa Harris lappointed 24 March 20211 Sharon Mary Morris (appointed 20th Au¥u5t 2021, resi8ned 30 November 20231 Peter John Hod8son (appointed 23 November 20221 Amanda Louise Tamzyn Long lappointsd 28" lune 20231 L•adershlp Team at the date of approval of thls report Tracey Bush (appointed 9 June 20191 ChSef Executive Officer Michelle RcheS lappointed 16 January 20231 Director of Operations and Quality )ricki Askham lapprynted l December 2021, resigned 30 September 20231 Director of Flnance and Support SeNites Paula Nash (appointed l Dember 20231 Director of Flnante and Support Services Gèmma Srnith lappointed 5 Au8USt 20241 Director of Houslng and Faclllties Bankers: Royal Bank of Scotland Drumrnond PIou5e l Redheughs Avenue Edinburgh EH12 9RH Sollcltors: Easthams 292-302 Church Street Blackpool FYI 3QA Audltor5: Champion At¢¢untsnts LLP 7-9 Station Road He5keth Bank Preston PR4 65N
one I le. SLWOrtlw FOptil liv• their bost15 Responsibililies of the Board of Tryslees The Trustees (who are also directors of the Charity for the purposes of Company Lawl are responsible for preparSng the Trustees Annual Report Ilncludin6 the Strategic Reportl and the financial ststements in accordance with applicable law and United Kingdom Accountlng Standards Iunited Kingdom Generally A(pted Accounting Praetlcel. Company and Charity law require5 the Trustees to prepare financial ststements for each finantlal year which 8ive a true and fair view of the state of affalrs of the tharitable ompany and of the incomSng resources and appllcatlon of resourtes. including the income and expenditure ot the charitable company forthat period. In preparingthesetinancial statements, the Trustees are required select 5Ultable accountln8 policSes and then apply them consi5tentlv observe the methods and principles in the charlties SORP 2015 IFRS1021 make judBements and estimates that are reasonable and prudent state whether applicable UK accountin8 Standards have been followed. subjert to any materlal departures dlstlosed and explainèd in the financial ststements prepa the financial statements on the going concem basls unless it is inappropriate to presume that the charitable company wlll continue t¢ operate The Trustee5 have overall responsibility for ensuring that the Charity hai appropriatè systems of control, fvnanclal and otherwlse. They are also responslble for keeping adequate accountSng records which disclose with reasonable accurary 81 any time the financlal position of the charitable cornpany and to enable them to ensure that the financial statements comply with thè C¢mpanies Act 2DJ6. the Charities Act 201112(KJ6 and the regulation5 made thereunder. They are also responsible for safeguarding the assets of the Charity and hence fortakin8 reasonable steps lor the prevention and detertion of fraud and gther Irregularities and to provlde reasonable assurantÈ that the charitable company is operatlng efficlently and effettively. its assets are safeguarded against unauthorised use or disposltoon. proper atcountlng re¢ords are rnaintained and financial information used within the charitable company is reliable and that the charltable companv complies With relevant18w5 and regulations. The Trustees have. a5 part of the bu5ine55 plannlng cycle, assessed buslness rlsk5 and their pot¢ntial impact and likelihood of occurrence and where netessary investigated mean5 to mitl8ate the risks. Audliors A iesolution proposin8 that Champion Accountants LLP, StatutoryAudltors, be re.appointed as auditorswill be put to the Meetin8 on 2 October 2024. In so far as theTrustee5 are aware.. there is no relevant audit infonnation olwhith the tharitablè companWs auditOTS are unaware., and theTrustees have taken all steps thatthey ought to havetaken in orderto make themselves aware of any relevant audit informatlon and to establish that the audltor Is aware of that information. In additlon to thls years, Trustees Report, an Annual Review has been produced'wellbelng for All,. The Trusteès approve this report for the year ended 31 March 2024 in their capacity as company direttors and theTru5tees' report on 2. 1 • 202 Approved on behalf of the Board of Trustees David StanlM>pe. Chalr io
one I le. INDEPENDENT AUDITOIVS REPORTTO THE MEMBERS OF ONE FYLDE Oplnlon We have audited the financlal statements of One Fylde (limited by guaranteel Ithe'tharitsble companVI for the year ended 31, March 2024 which cornprise the Statement of Financial ActivitSes, the Statement of Financial Posltion (Balan Sheet), statennt of Cashflows and notes to the finanoal statements. including a summary of si8nificant accountlng polities. The financial reportSng frarnework that hos been applled in thelr preparation is applicable law and United Kin8dom Accountlng Standards Iunited Kingdom Generally ACpted Accounting pract1). In our opinion the finandal statements: gfve a true and fair view of the stste of the charitable company's affalrs as at 31st March 2024 and of its incomin8 resources and application of resources. Including its incorne and expenditure, for the year then ended.. have been properly prepared in a¢cordancewSth Unlted Kingdom Gener311y Accepted Accountin8 Practice,. and have been prepared in accordance with the requirements of the Companies Act 26. 8asls for oplnlon We conducted our audit in accordan¢e with Internatlgnal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are furthèr de5crtbed in the Auditors responslbllltles for the audit of the financial 5tstementS Section of our report. We are Independent of the ¢hafltable company in accordance with the ethical requlrements that are relevant to our audit of the financial statements In the UK induding the FRC'S Ethic31 Stsndard, and we have fulfilled our other ethical rè5ponsibilftie5 in atcordHn¢e with these requirements. We believe that the audit evidence we have obtsined is sufficient and approprlate to provlde a basis for our opinion. C¢n¢lusions relati to 8oin8 wn¢ern In auditin8 the financial statements, we have concluded that the trustees, use of the golng concern basis of attounting in the preparation of the financial statements is appropriate. 8ased on the work we have performed. we have not identified any materlal uncertalntSes relatlng to events or conditions that, individually or collectively, may cast slgnlfic8nt doubt on the ¢haritable companfs ability to continue as a 8oln8 concern for the period of at least twelve months from when the financlal statements are authorised for issue. Our respon5ibilitie5 and the rest)onsibilitie5 of the trustees wlth respect to golng concern are described in the relevant 5ection5 of this report. Other Informatlon The Trustees are responsible for the other inlomiation. Thè other information comprises the Snformation Included In the annval reporL other than the financial 5tstements and our Report of the Indepèndent Auditors thereon. Our opinron on the financial statements does not cover the other infomation and except to the eKtent otherwise explicltly stated in our report, we do not express any form of assurance conclusion thereon. li
one I le. sUppLYtH pet0 Ihe41 btstlffi INDEPENOENTAUDITORS REPORT TO THE MEMBE OF ONE FYLDE- condnued In connertion with our audlt of the financlal statements. our responsibility is to read the other information and, In doin8 so, conslder whèther the other inforrnation Ss materially ineonslstent with the financial statements or our knowledge obtained in the audit or otherwlse appears to be materially misstated. If we identlfy such material inconsistencles or apparent rnaterial misststements, we are requlred to determine whether this gives rise to a material misstatement In the flnancial statements thern5elves. If, based on the wgrk we have perfomied, we conclude that there Is a material misstatement of this other information. we are required to report that fart. We have nothin8 to report in this regard. Oplnlons on the other matters prescrlbed by the Companles Art 20 In our opinion, based on the work undertaken in the course of the audit.. the information given In the Report of the Trustees for the financlal year for which the financial ststements art prepared 15 consistent with the flnancial statements,. and the Report of the Trustees has been prepared in accgrdance with applicable legal requirements Mattèrs on which wè are requlred to report by exceptlon In light of the knowled8e and understandin8 of the charitable cornpany and its envlronment obtained in the course of the audiL we havE not identified material misststements In the Report of the Trustee5. We have nothlng to report In respect of the ftjllowing rnatters where the Companles Att 2C)6 requlres us to report to you if. in our opinion.. adequate accounting records have not been kept or returns adequate for our audlt have not been recelved from branches not vislted by us,. or the flnancial statements are not In a8reement wlth the attountin8 records and returns- or certaln disdosures of Trustees, remuneration specified by law are not made.. or we have not received all the information and explanatlons we require lor our audit: or the trustees were not entitled to take advanta8e of the small companies. exemption from the requirement to prepare a Strate¥i¢ Report or in preparin8 the Report to the Trustees. Responsibilities of Trustees As explained more fully in the statement of Trustees Responslbilities,. the Trustee5 (who Hre also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financlal statements and for bein8 satisfied that they give a true and lair vlew, and for such internal control as the Trustees determine is necessary to enable the preparation of financial 5tstements that are free from material misstatement, whether due to fraud gr error. lrt preparin8 the finandal staternents, the Trustees arè respon51ble for a5sessin8 the charltable tompany's abi1Sty to continue as a 80ing concern. distlosin& as appllcable, matters lated to golng corncern and using the goin8 toncem basis of accguntlng unless the Trustees elther intend to Ilquldate the charitable company or to cease operations, or have no realistit alternatlve but to do so. Our responslbmltles foTthe audTrl of the financlal statements Our oblect4ves are to obtain re350nable a$5urance about whether the financlal ststements as a whole are free from materSal mlsstatement, whether due to fraud or error, and to issuè a Report of the Independent Auditors that includes our opinion. Reasonable assurènee is a high level of assurance, but Is not a guarantee that an audit conijucted In attordancè with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and ale tonsidered material if, individually or in the a88re8ate, they could reasonably be expected to influence the economic declsions of users taken on the basis of these finantial statements. Irregularities, including fraud, are instsnces of non-compllance wlth laws and regulation5. We desi8n procedure5 in line with our responslblllties, outllned above, to dte¢t material misstatements in sPeCt of 12
SupportlrKJ M%ihi)sst lfv•g irregularities, Including fraud. The event to which our prOdureS are capable of detecting irregularities. including fraud is detailed below. We obtained an understanding of the le8al and re8ulatory frameworks appllcable to the tharitable ompiny and the sector in whlch they operate. We determined that the followlng laws and regulations were most significant.. the Charities SORP IFRS 1021, the Companies Act 2(X)6, Employment regulation and Health ènd safety leglslatlon. We obtsined an understanding of how the charitable company Is complyin8 with those legal and regulatory framework5 by making inquiries to the management. We assessed the susceptibility of the charltable companWs finandal statements to material misstatement Including how fraud m¢ht occur. Audit procedures performed by the audit engagement team included.. Identifying and assesslng the desi8n Èffectiveness of controls mana8ement has in place to prevent and detèrt fraud= o Understanding how those d)arged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial rèporting process: thallen8Sn8 assumptions and judgements made by rnana8ement in Its $18nificant accounting estimate5,' Identifyin8 and testing Journal entrles,. In partlcular any journal entrie5 PQSted wlth unusual comblnatlons., o Reviewing material varlatfjon from ourexpectations in the income, expenses and balan$. and o Assessing the extent of wmpllance wlth the relevant laws and regulatlons. There are Inherent Ilmitstlons In the audit procedures described above, and the further removed non- compliance wh law5 and regulations is from the events and transaetlons rèflÈctÈd in the financial ststements, the less likely we would become awarè of it. Also. the risk ol not deterting a material misstatement due to fraud is higher than the risk of not detecting one resultlng from error. as fraud may involve deliberate concealment by, for example, forgery or inherent misrepresentations or throu8h colluslon. Afurtherdescription of our responsibilities forthe 3uditof the financial ststement is located onthe Financlal Reporting council's website at www.fr itorsres onsSbllities. This destription forms part of our Report of the Independent Audltors. Use of report Thls report Ss made solely to the tharitable compan¢5 members, as a body, in accordance wlth Chapter3 Of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we Mlght state to the charitable companls members those matters we are requi to state to them in an auditorfs report and for no other purpose. To the fullest eKtent permitted by law, we do not accept or assume responslbllity to anyone other than the charitable company and the charltable company's members as a body, for our audit worK for this reporL or for the oplnSons we have fomied. P 8uck DChA Isenior Statutory Auditor) for and on behalf of Champion Accountants LLP 7-9 Station Road Hesketh Bank Preston Lancashlre PR4 6SN Date.. 13
Sui¥xwUty oe¢p* to Ii¥elhdrbe5t Irrf¢s ststement of Flnan¢lal Artlvltles {includin8 incomè and Èmpendlture accounil for the year ended 31 March 2024 Unrestrlrted fublds Restrlcted fvnds Note Total Funds Total funds 2024 2024 2024 2023 Incom•: Donations 1.441 151,441 2,177 Charitable activities.. Social care contracts IL229,052 1,541,343 139.366 11,229,052 1,541,343 139.366 I1,05390 1,206.481 162.016 Property intome Other income Total IncomlnB resources 13,C61,202 13,061,202 12,424,564 EmpÈndltu. Charitsble artivities Provision of social care 11,S63.803 1,540,465 15,250 11,579,053 1,540,465 IL629.533 1,059.360 Landlord costs Total expendlture 13,104,268 15,250 13.119.518 12.688,893 Galns on revaluation of investments 338 338 84 Net Income 142,7281 115,2501 157,9781 1264,2451 Unreali5ed gain on fixed asset revaluatlon Loss on sale of offices 87,342 87,342 86,783 1436,5021 Net movement In funds 44,614 115,2501 29,364 1613,9641 Reconclllatlon of funds Total funds brought forward 6,975,271 62,620 7.037,891 7,651,855 Total funds ¢arrfed forward 7.019M5 47,370 7.067255 7x137.891 The statement of financial actwitles Sncludes all galns and losses reco8ni5ed in the year All Income and expendlture deAves from continuing a¢tyvitie5. 14
I le. SL¥)POrtirvJ PB¢pbo to VO•st*Ve5 8alance She•t a5 at 31 March 2024 2024 2023 Note FixÈd ats. Tan8ible assets Investments 5,728,672 12,293 5,740.965 5,119,065 11.955 5.131.020 io Total fixed assets urrent Assets: Debtors Cash at bank and in hand li 1,819.838 1,450.605 3270 1.410.924 2.352.720 Total current assets 3.763.644 iiabililiès: Creditors.. Amounts fallin8 due within one year Net current assets 12 1,582,249 1,688,194 1,397,735 2365.909 Total assets lesscurrent Ilabllttles 7A29.159 7A96.929 Creditots.. Amounts falllng due after more than one year 13 293,545 358,840 Provisions foT liabilities 14 68,359 100,198 rotsl net asstts 7A167255 7113791 The funds ofthe tharlty: Restricted funds 17 47,370 1,309,469 2.306.047 18,123 2.832,127 554,119 7067,255 62.620 1,254.170 2,247.271 Llnrestrlcted Intome funds DesSgnated- Revaluation reserve De51gnated- Improving tives Fund Deslgnated- Unrestricte(I net fixed assets fund De518nated- Property investment fund Total tharityfvnd$ 2,129,864 1,343,966 7,037A91 The rnotes on pages 17 to 27 fomi part of these accounts Approved and authorised for issue by the trustees on ?. I d . Io ¥4• gned on behalf of the Trustees Davld Stanhope Chalr 15
one I le. SwwOrtirw4wp to lihy theYbe5t Mves Statement of cash flows for theyear ended 31 March 2024 2024 2023 Cash flows from Operati activltles: Net cash provided by operating artivities 1132,4761 1973,2101 Cash flows from Imiestlng artlvltles: Purchase of tangible fixed assets Proceeds from sale of red assets 1878.1681 172,370 1705,7981 1238.4911 1,563,851 1,325.360 Net cash problded by In¥estln8 a¢tlvltles Cash flows from fInan¢1 actlvhles: Repayments of borrowing Net provlded by flnanclng a¢tl 163,8411 163,8411 1339.0901 339,0901 Chan8e In cash and Cash equivalents in the year Cash and cash equivalents at the beginning of the year 1902,1151 2,352,720 13,060 2,339.660 Totsi cash and cash equlvalents atthe end ofihe year IN50.605 2352.720 Rec¢nclll*l¢n ot net In¢ome io net cash Ilow frorn operatlnK artlvltles Net movement In funds 29,364 1613,9641 Adjustments for: Depreciatlon Lossllprofitl on disposal of Ilxed assets Revaluation of properties lunrealisedl (Galnl on Investments lunrèalisÈdl Ilncreasel]decrease in debtor5 IDecreasel/intrease in Credltors Ioecreasel In provlslons Net cash provlded by operating attiyities 170,743 ,790 187,3421 13381 1408,9141 183,C60 131,8391 131476) 181,Cx)7 442.185 186,7831 1841 1567.2691 1294.6031 133,6991 1973210 16
one I. SUwtryJ rletlI trts$t Ih Notes to the accounts The Charity is a re8iStered Charlty and a charltable company limited by8uarantee and is incorporated in the UK. AccountlnB pollcles The principal accountlng pollcles adoptedi judgments and key 50urces of estimation uncertainty in the preparation of the financial statements are a5 follow5.. Basls ol accoumlng The financial statements have been prepared In accordante wlth Attountin8 and Reportin8 by Charitie5'. Statement of Recommended Practice applltable to tharitles preparing their accounts in accordance wlth the Flnaneial Reportin6 Standard Applicable in the UK and Republlt of Ireland (Charitie5 SORP IFRS 10211, the Financial Reportlng Standard applitablÈ in the UK and Republic of Ireland IFRS 1021 artd the Companies Act 2LNJ6. One Fylde meets the definltSon of a public benefit entity under FRS 102. Assets and liabilities a initially recogni5ed at historical cost unless otherwise stated Sn the relevant accounting policy. Preparatlon of accounts on a 8oln8 concern basis The Charity continues to hold $h reserves above the cash resetves pollcy of between £500.0fy) and £1,(J,[JO In the period since the balance sheet date. for the rea50n stated in the trustees, report. Prolected cash flow forecasts for the next 12 months indScate that this will contlnue to be the case. On this ba51s the Charity ks a Boing COnrTh. Income Income from fundlng bodies and cllents are accounted for wheA the Charity is entitled to the fvnds on an accrua15 basis. Income from rents are accrued on a straight Ilne basls ¢)v¢r the lèngth of the tenancy. Donations are accounted for as retelved by the Charty. Fund ac¢ountin8 Unrestricted funds are available to spend on attivitie5 thatfurtherany of the purposes of the Charlty. Restricted funds are donations which the donor has specifled are to bè used 501ely for a particular purpose. Legacle5 le8ac1 are included in the statement of financial artivitie5 when the charity is entitled to the legacy, the executors have establlshed thatthere are suffiuent surplus assets in the estateto pay the legary, and any condltlons attached to the legacy are within the control of the tharity. Expendlture and Irrecoverable VAT ExpendItU is retognised on an accruals ba51S a5 a liability is incurred. Value added tax Is not recoverable by the Charity, and as such Is Included In the relevant costs. Expendrture on charitable activities comprises those costs incurred by the Charity in the dèlivÈry of Its activities and seNices to benefitiarfjes. It indudès both c05ts that can be allocated directly to suth ¢tivities and their as50Ciated support costs. Allocatlon ol support costs Support costs are those functions that assist the work of the Charity but do not dirertly undertèke Charitable athvities. Support Costs include back gfFice costs, finance, human resources and 60vèmance costs which support the Charivs actlvltles. These costs are apportioned between actfvltle5 on the basls on Income 8enerated. 17
one I le. SLWOrtlrvJrc*iolYeth8irb¢stl Operat1 Leases Rental char8es are charged to the SOFA on a stralght1Sne basls over the Ilfe of the lease. Tan8lble flxed assets Flxed assets. otheT than properties. are ststed at purthase pr[. less depreclatlon and amcrtlnts wrltten off. Properties are stated at their market value. Depreciation 15 provided at the followlng annual rntes in order to wrfte off each asset over Its estlmated useful Ilfe.. Freehold and leasehold property Improvements to leasehold property Fixtures and fittings Office equipment Motorvehitles Furnishings 2% on costlrevalued amount straight line overthe pedod of the leasè 25% rèducing balance method 2S% reducin8 balance method 25% reducing balante method 20% reducin8 balance method Individual expenditure below £ILJ) is not capltalise(l. No depreciation 15 provided on freehold and lon8 leasehold land. Properties are revalued externally bya professional ¢h3rtered surveyoreveryfiveyears and Intemally In the Intervening years. Internal valuations are carrSed out usln8 published data on the thanges in property prices in the appropriate postcode arèa5. InTMtments Investments are included at market value at the balance Sheet date and the gain or loss Istransferred to the SOFA. Debtors Trade debtor5 and other debtors are reco6nised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of trade dlscounts due. Cash at bank and In hand Cash at bank and t35h in hand Includes ¢ash and bank accounts wSth Smmedlate atcess. Credltors and provlslons Creditors and provisions a re¢o8nised where the Charity has a present obllgatlon reSulg frorn past event that will probably result in the transfer of funds to a third party and the amount due In settle the obligation tan bè measured or estimated reliably. freditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Deferred Incomè Where income recewed for social care contracts remains unspent at the end of the financlal year thls Is carrled forward as defErTed income (balance sheel credltorsl to be utilised for the beneflt of the people we 5UPPOrt in fvture periods. If any money remains unspent afterone year these are released to income on the statement of financlal actlvltles. Lease payments received in advance are released to the SOFA over the length of the lease. Flnanclal Instruments The Charity only has flnanclal assets and financlal Ilabllitits of a kind that qualify as basic financlal Instruments. Basitfinan¢ial instruments are initiallyrecognised attransadlon value and subsequently measured at their settlement value wlth exception of bank loans which are subsequently measured at amortised cost uslng the effertive interest méthod.
one I le. best kves Penslons The Charity operatesthree money purch35edefined contribution pension schemes. Contrlbutions are charged In the Statement ol Financial Artivitie5 a5 they become payable in OranCe wlth the stherne. Analyslsol donatlons 2024 2023 Legacy income Other donations 127,071 24,370 2,177 151A41 2,177 Athalws of e¥penditure on tharftable actlvltles Prm4slon ot soclal care Houslni costs 2024 Total 2023 Total Direct 5taffin8 costs Stsff training and recruitment Activity costs Operational other costs Property rental and mortgage costs Council tax and utility costs Property maintenarn costs Insurance Depreciation Other property costs L055 on sale of property Miscellaneous tosts 9,789,431 102.846 151,037 138.384 112,662 9,902.093 958,111 102,846 123,588 151.037 118,927 138,384 125,621 412.443 404,438 62,815 38.485 556.547 258,441 73.316 67,758 155,208 164,352 109.133 62,638 12,615 886 26,915 52,736 56,717 27,458 1.298.878 1.333,351 45,321 43.056 15.250 9,047 13.119.518 I288.893 412,443 62,815 556,547 12,044 99,966 109,133 12,615 61,272 5S,242 26,915 56.717 1,142,108 39.851 15,250 11.579,053 Marketing. Communication5 & engagement Support costs Governance costs Restricted costs on 50FA 156,770 5,470 1540865 19
Ile. people ro$k*trI)e$l liv Surnmaryanalysl$ of expendhure and lated incorne for ¢horltsble actl¥hles Provlslon ol sotial care Housln8 C05t5 2024 Total 2023 Total Costs Care Contract Income Rents Other income 111,579.0531 11,229,052 11.540,4651 113,119.5181 112.679.8461 11,229,052 11,053,890 1,541,343 1.206,481 139,366 162,016 1,541,343 139,366 Net contrIblOn to charltsble funds 210 35 878 257 59 Anafysis of goverTrae ond wpport costs Support Gow•man¢o costs CQsts 2024 Total 2023 Total Payroll and related costs Office ttssts Audit fees Legal and professional fees 829,434 387,386 30,531 859.965 387,386 14,790 82,058 927.561 397,906 13.020 37,920 14,790 82,058 1298078 45J21 1344.199 1376A07 Net IncomelexpendirÈ for the year 2024 2023 Thls Is Stated after char8lnr. Depreciation of tangible f5xed assets L05s/lprofitl on disposal of fixed assets Audit fee-for year -underlloverlprovision in previous year Interest payable on bank loans & mortga8èS Operating leases- equipment Property rents 170,743 12,790 13,800 990 27,536 181,1)07 442,185 12.810 210 24,732 292 385,000 391,639 20
one I le. lo( Ihekbest I Analys5$ of staff costs. Trustees remuneratloTh and expenses. and the cost of key manageme rsonnel 2024 2023 Wages and salarles Social security costs Pension costs 8,408,501 753,348 213,607 8,354,854 749,425 2CI),0S0 9375.456 9304.329 Included in payroll costs are redundancy, and ex gratla payments of £27,776. relating to five people. Number of employees whose totsl employee benefits is in excess of £60.000 lincluding pen510n payments and ex gratia payments) is as follows.. 2024 2023 £60,Oc&£69,999 £7o.0£79.999 £8O.0£89,999 £90,OCX)-£99,999 £ICKJ,fxMK109,999 £iio,Q)(F£119,999 The Charity Trustees were not paid nor dld they reeeive any other benefits from employment with the Charity durlng the year12023-. nill. Trustee expenses paid during the year weré £nil 12023.. nill. The key management personnel of the Charity comprise the Chief Executlve Offlter. Director of Operations ènd Quality. and Director of Finance and Support Servites. The total employee remuneration of the key management personnel of the Charity was £261,661.12023.. £291.7321. staff Numbers The average headcount in the year wa5 32112023= 3681. Full Ume equlvalent 2{2023.. 2951 21
one I le. SLWLYbrvJ Peept0 ve tWtst hvos Tan8lbl• fixed assets Fixtures, Long Flttln8S. Freehold leasehold Furnlshlngs tsnd and Land and LeasÈho*l E4ulpment and BuildinB5 8ulklly Imp'ments Motor Vehkles Tot•1 C05V valuatlon As at l Aprll 2023 Additions 1,486,355 3,249,620 442.872 427,646 1186,9451 125,4631 39,087 1.903,764 3,529A08 29,022 2,013.057 7.650 13,4C61 6,778,054 878,168 1190,3511 13,624 7A79A95 Dlsposals Revaluation As at 31 March 2024 29.022 2,017301 Depreciatlon As at l April 2023 Char8e for the year On disposals Transferto revaluation reserve 1,649.384 89.454 13,2311 1,658,989 170,743 13,2311 28,5LKS 47,178 5,611 128.5001 147,1781 175,6781 I,75023 As at 31 March 2024 15216 1,735,607 Net book value As at 31 March 2024 L903.764 3,529.408 1,486,355 3,249.620 281.694 s.72872 As at l April 2023 19.417 363,673 5,119,065 The cost or valuatlon of freehold buildings and lon8 leasehold buildln8s, on which depreciation 15 thargèd, amounted to £ 3.934,269. The carryln8 amount ol freehold land and byildinBS and lon8 leasehold land and buildlngs are considèred to be at the open market value. An Intemal valuation, of these assets. was carried out atthe yearend. The freehold land and buildin8s andlgng leasehold land and buildings were revalued at £1,903,764 and £3,S29.409 respertively at that time. The historical c05t of freehold land and buildlng less accumulated depreciation was £L021,305, as at 31 March 2024. The hlstorital tost of long leasehold land and buildlng less accumulated depreciatlon was £2,ISI.369 as at 31 March 2024. 22
I le. SL¢¥)¢rtkn9 p¢opkn to thtt li¥es io. Amed assets investments Investments held In the UK prlmardyto provide an invèsthnt return 2024 2023 At valuatlon At l April 2023 UnaliSed gain on investments 11.955 338 11,871 At 31 March 2024 12.293 11,955 Nomln•l value Cost Valuatlon 40 Charlfund atcumulation units 2012 2,812 12293 ii. Debtors 2024 202Y thounts due wtthln oneyear: Trade dÈbtor5 Other debtors Prepayments and accrued Income 1,669,732 27,766 122,340 L244,470 28,042 138,412 I193$ IAIO.924 12. Credltors larnounts falling due within one yearl 2024 2023 Tradè treditor5 Sooal security and other taxes Mortgage51securedl Deferred income Actruals other creditor5 332.290 226,565 57,752 177,359 735,203 53,080 329,624 158,437 56,298 176,443 634,874 42,059 IW.249 1,397,735 23
one I le. 9 oeoplo toliYtthThrbe5t Ip4e5 Credttors lamounts f311in8 due after more than one year and payable by instalrnent51 2024 2023 Mort8a8es (due within 1-2 years) Mort8a8es (due within 2-5 yearsl Mort8a8es (due after 5 years) 54,189 141,678 97,678 56,298 196.606 105,936 293,545 358 The mortgages are secured against the freehold and long leasehold propertie5. The proportlon of the liabillty to the valuè tsf the assets charged is Il% 12023: 13%). The Interest rate charged on the mortgages was between 1.75% and 2.65% above base rate. 14 Pro¥is•tin for IlabllStles The provision for liabilities relates primar1 to property reinstatement Costs. 2024 2023 Balance 35 at l April 2023 Spent In year Released in the year Provision for additional tost5 I,198 131,8391 133,897 184.9481 129.0181 80.267 Balance as at 31 March 2024 68359 IW,198 15. Deferred Income 2024 2023 Balance as at l April 2023 176,443 Amount released to Income earned from tharitsble activities 1176,4431 Amount deferred in year 177.359 521,922 1521.9221 176,443 BalantÈ as at 31 March 2024 177.359 17604Y 24
one I
JrKJ¢ybruw)pkn tollvoth*lMt livtis 16. Obligatb)ns undèr opèrating lèases As at 31 Marth 2024. thè Charity had fLrture minimum lease payments under non-cancellable operating leases for each ot the followlng perlods- 2024 2023 Equlpmenl Payments due wlthln one year . between one and five year5 21,974 21974 Land and bulldln85 Payments due - wSthln one year between one and five years more than five years 489,388 1.207.675 829,723 376.387 1,142.425 813,177 226.786 2.331.989 The Charity aims to secure long lease5 (between 5 and 15 years) on Its leased residentlal propertles In order that tenants can have 8reater security of tenure and the costs to the Charlty are minimlsed. 17. Movemem in funds Transfers between Funds It 31 funds March 2024 Balance at I April 2023 Incomln8 resour$ Ruourcès exppnded Unrestrlrted funds GenÈTèl Fund DesSgnated- Revaluatlon fund Desi8nated- Unrestricted net asset funds Designated- Property investment fund Desi8nated- Improvin8 lives fund Restrlcted funds 1.254,170 I3,(1,202 2.247.271 87,680 2,129,864 1,343,966 113.104,2681 98.365 128,9041 702,263 1789,8471 ,123 1.3(YJ.469 2,306.047 2,832,127 554,119 18,123 47,370 62.620 115,2501 Total 7037,891 13,148082 113J195181 7.067.255 25
one I le. Namè of unreslrlrted fund- description, nalyreand purp(w of the fund General fund The-free reserves" after allowing for all designated funds. Desi8nateil funds= The designated revaluatlon fund is the difference between the cost or valuatlon of properties and Investments when flrst reco8nised, les5 any depreciation and its subsequent revalued amount. The designated net assets fund conslsts of the net book value of fixed assets as shown on the balance sheet, less the balance on loans due after more than one year and the revaluation reserve element noted above. The trustees took the decision to create a deSnated fvnd for a specific fure project. This speclfit projert is an investment in propertles ownèd by the charity to improve their condStion. The initial amtsunt allocated to the designated funds is taken from the independent surveyorfs report. The net sale proceeds of property dlsposa15 have been added to this fund and used to finance further property acquisitions. Balantè at I Net Aprll 2023 movement Fundsat 31 March 2024 Unrestrkted funds General Fund 1,254,170 2,247.271 2,129,864 1,343,966 55.299 58.776 701263 1789.8471 18,123 44,614 1,309,469 2,306,047 2,832,127 $54,119 18,123 7,019,885 Oèsignated- Revaluation fund Oesi8nated- Unrestricted Det asset fund De5ignated- Property Investment fund Designated- Irnproving Ilves fund 6,975,271 Restrirt Funds Transferred from OHT Dementla service 38.122 5,475 5,592 13,431 62,620 19011 37,221 5,475 2.872 1,802 47,370 Childrens servl Sensory room Other 12,7201 111,629 115,2501 TOTAL FUNDS 7,037091 29,364 67 55 Related Party Trab)sactlons No trustee or other person related to the Charity had any personal interest In any tontra¢t or trdns8ction entered into by the Charity during the yeèr.12023'. nil) 26
one I le. swrijrydtywlo li%*lhelrbest lives 19. Financial Instruments Financial instruments measured at amorbsed cost comprise mort8aBes provided by The Royal Bank of Scotland 2024 2023 Mortgages (due withln one year) Mortgages (due withln 1-2 years) Mort8a8es (due within 2-5 years) Mortgage5 (due after S years) 57.752 54.189 141,678 97.678 56,298 56,298 225,194 77,348 351297 415,138 20. Capltal ¢ommitments The charity ha5 a capital cgmmitment at the year end in relation to property Improvement costs of nil.12023.. £138,664). 21. Funds held on behalf of People we Support 2023 Balance brought forward Movement in year 21,011 39,011 69,976 148,9651 Balances at the end of the year 6022 21.011 The charity acts as agents In relation to these monSes. The in¢omelexpenditure and balances are not Induded in thefinancial ststements. 22. Le8al ststus of the Chaiity One Fylde is a company limited by8uarantee and has no share capital. In the event of the Charity being wound up, the liabS11ty In respect of the guarantee is limited to £1 per member of the Charity. Notax diar8es have arlsen In the Charlty. 23. Taxatlon As a Charity. One Fylde is exernptfrom tsx on intomÈ and 8ains falllng wlthln sectlon 505 of the Taxes Act 1988 or sectSon 252 of the Taxation of Chargeable Galns Act 1992, to the extent that these a applied to its charitable objerts. 27