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2023-04-30-accounts

Registered number: 03004111 Charity number: 1051388

THE AMBER FOUNDATION

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Chairman's statement and Trustees' report 2
Trustees' responsibilities statement 10
Independent auditors' report on the financial statements 11 - 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 35

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2023

Trustees Mr Stephen Lyall
Lady Penelope Marland
Mrs Lucy Morris
Mr Richard Oldfield. OBE
Mr Barty Smith, OBE, Chairman
The Rt Hon the Lord Soames of Fletching
Company registered
number
03004111
Charity registered
number
1051388
Registered office
Ashley Court
Chawleigh
Chulmleigh
Devon
EX18 7EX
Company secretary
P J Rosam
Chief executive officer
P J Rosam

Page 1

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

CHAIRMAN’S STATEMENT FOR THE YEAR ENDED 30 APRIL 2023

Amber’s approach has remained constant since we opened our first centre in 1995, providing young unemployed and homeless people with a programme that offers space, time and encouragement to create an alternative future to the one they might have had on benefits and on the streets.

Whilst our model of support has remained largely unchanged, the external environment in which we operate is constantly changing and presenting new challenges, most recently with the cost of living increases and the impact of this on staff recruitment and other overheads. The Amber staff team have, to their great credit, risen to these challenges with skill, determination and adaptability and have led us to another successful year for the Charity.

Amber succeeded in helping 135 young people move on successfully, 52 into work, 24 into education and training, and 59 achieving a major personal goal that has moved them closer to the workplace. With an overall success rate of 88% (2021/22, 72%) Amber continues to have a positive impact on the lives of the young people who use our services.

The opening of our fourth Centre, Downsview in Ashford, Kent, was certainly a highlight of the year. The Centre, which we were able to purchase with the support of the Henry Oldfield Trust, was formerly a hotel and was significantly modified to create a welcoming home to 24 young people. I have been very pleased at how the Centre has developed over its first year and have been excited to see young people in Kent benefitting from Amber’s programme. Downsview has been warmly welcomed by referrers in Kent, and the team there have begun to develop some very positive partnerships with local support organisations and businesses. Our Kent Centre has had a very positive first year.

Over recent years we have focused on gaining a better understanding of why our work is so impactful so that we can continue to learn and enhance the support we offer. To do this we have worked with a number of external organisations - experts in their fields - to evaluate our work. A two year study of Amber’s programme is soon to be published and I am delighted that we have secured funding from the Youth Futures Foundation for a new two year Impact Evaluation to better understand the longer term impact of our work on the young people who come to stay at Amber.

Whilst inflationary pressures have presented understandable challenges over the year, our financial position has remained healthy and we end the year in a good position. I would like to express my sincere thanks to all our supporters, without whom Amber would not continue to thrive. Also, the many Charitable Trusts for their generosity, and who continue to value the difference that Amber makes to the lives of its beneficiaries. I would also like to thank the Trustees for their advice and support, and all the Amber staff for their commitment, hard work and loyalty.

Barty Smith Chairman

Date: 25th January 2024

Page 2

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

The Trustees (who are also company directors) are pleased to present their annual Trustees’ Report, together with the financial statements of the charity for the year ending 30th April 2023, which are also prepared to meet the requirements for a trustees’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Our purposes and activities

The purposes of the charity are:

To enable Amber to deliver the above purposes in an effective and professional way, our key activities are identified as:

  1. Ashley Court residential centre, Devon

  2. Bythesea Lodge residential centre, Wiltshire

  3. Farm Place residential centre, Surrey

  4. Downsview residential centre, Kent

  5. Fundraising activities

The Trustees have had regard to the Charity Commission’s guidance on public benefit.

Amber has three well-established centres in Surrey, Devon and Wiltshire and in 2021 we opened our fourth residential centre in Kent, helping to expand our reach and help over 100 young people in total (residents) at any one time to achieve their respective goals, whether it be into education, training or employment and into their own accommodation.

Ashley Court (AC) have made some great progress in developing their outside spaces over the last year. Ashley Court has over 19 acres of land, which now includes the “Trim Trail” which was created alongside staff and a group of residents who rebuilt the trail, repairing broken walkways & bridges to create a tranquil woodland walk.

Ashley Court also welcomed a group of volunteers from Hays Recruitment, who dedicated volunteering time through the Neighbourly “Summer of Volunteering” programme. They worked on the “Trim Trail” as well as helping with gardening and the upkeep of the grounds.

The Centre has developed a very positive relationship with The Donkey Sanctuary in Sidmouth, who have been kind enough to offer groups of young people days out to take part in “Wellbeing with Donkeys” sessions. These groups have been incredibly rewarding for residents, who took part in “Donkey Facilitated Learning” & “Donkey Management” sessions.

Young people have attended the Britannia Sailing Trust this year, a project, located in nearby Winkleigh, which is refurbishing the last remaining Class 1 East Coast Smack (a traditional fishing boat) and offers opportunities to young people to volunteer and learn new skills.

Ashley Court has had a strong year in terms of those going into work with many young people moving into careers in care, recruitment, self-employed business start-ups, and hospitality.

Page 3

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

Bythesea Lodge (BL) provides a temporary home for up to 30 young people located in the County town of Trowbridge, Wiltshire, with excellent access to job opportunities, sports facilities, shops and transport links into Bath and Bristol.

Over the past year, Bythesea Lodge has undergone extensive internal renovation works to bedrooms and communal areas. Externally a full front façade restoration in Bath stone was completed and a new outdoor “learning to grow” garden space added. Young people at Bythesea Lodge have been involved in all of these projects, working in collaboration with other charity partners including Volunteer It Yourself (VIY). We have also provided volunteers at our local Storehouse Foodbank and worked alongside Julian House on their Build a Bike Project.

Our staff team have delivered workshops around their experiences on topics such as recovery work, anger management and emotional health as well as employability. We have seen great engagement and motivation across the Amber programme.

We have also seen a great uptake in our on-site counselling service, as well as many young people engaging in numerous mindfulness activities such as arts and crafts, fitness and recovery meetings whilst learning how to behave and deal with problematic situations when they move on to achieve a more positive outcome.

Over the past year, many of our young people have achieved successful job and accommodation outcomes, and we have seen people leave into careers such as catering, civil service and construction, with many achieving vocational qualifications to help their future employment prospects.

Downsview (DV) We were delighted to celebrate our first year of opening with an afternoon garden party for the many friends and supporters who have supported Downsview as it becomes established.

The Centre has continued to grow with the introduction of three new team rooms, increasing referrals and new relationships with partner organisations such as DWP, Police and Probation services as well as referrers, local authorities and KRAN (Kent Refugee Action Network).

The new team have settled well and have delivered the Amber programme with enthusiasm following extensive training and, where possible, visits to shadow colleagues in our neighbouring Centre in Surrey.

In addition to working hard on their future ambitions and aspirations, young people at Downsview have experienced a range of interesting and challenging activities in the wider Kent Community. These have included a visit to Kent Castle, axe throwing, a team building event with Kent County Cricket Club and volunteering with Fare Share and with a number of other local community organisations.

The introduction of our in-house counsellor has been very positive and has had a beneficial impact on the mental wellbeing of all our young people. It has proved to be an important ingredient in helping young people gain the resilience needed to sustain their independence beyond Amber.

Within the year we have had a number of notable successes with young people gaining places at university in the fields of Law and Marine Biology, a young man qualifying as a chef and entering full time employment and others going into work or gaining vocational qualifications. It has been an encouraging first year for Downsview and we are looking forward to being able to help many more young people in Kent over the years ahead.

Page 4

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

Farm Place (FP) is our Surrey based centre, based on the outskirts of Ockley village between Horsham and Dorking town.

Over the last year we have had a good number of young people leave into full time employment opportunities, securing positions in construction, Information Technology, the care industry and hospitality.

We have been very fortunate and have developed a great relationship with the highways maintenance company Ringway over the last year. They have supported our young people by offering work trials and work experience which has led to full time employment in highways maintenance and civil engineering for a number of people.

Our centre in Surrey has been involved in several events locally over the year, supporting the local village with the annual bonfire night where a group of our young people helped build the bonfire and volunteered at the evening event. We have also supported the village café with producing cakes and pastries for sale to the local villagers, with some of our young people helping to run the café. We were also involved in the “Big Sleep Out” held in the village to raise awareness of homelessness. Some of our former young people attended and spoke of their life experiences before leaving into employment.

We have again been fortunate to work alongside VIY (Volunteer it Yourself) who have provided meaningful projects for our young people to get involved with. We helped with the refurbishment of a youth centre, have been involved in developing a garden for a local Mental Health Service and helped build an outside seating area at a local music venue. In addition to gaining a number of skills designed to help and support them with learning and employment, those involved also gained City & Guilds certificates in Health & Safety in the workplace and painting and carpentry skills.

Farm place has its very own therapy dog, Dexter, who comes in once a week to see our young people. Our therapy dog is very popular and those who take him for walks and have one to one time with him find this hugely beneficial for their wellbeing.

Achievements and performance

Amber’s achievements and performance are reflected in the number of young people it helps, especially its success rate. The average length of stay for a young person is six months.

The following is a summary of the number of young people at each Amber centre for the financial year to 30th April 2023:

April 2023:
AC BL FP DV Total
Opening Residents at 01 May 2022 21 18 20 2 61
New Starters 78 72 52 38 240
Total Leavers 73 67 48 25 213
Closing Residents at 30 Apr 2023 26 23 24 15 88
Average number of young people in 2023 26 25 24 15 23
Average number of young people in 2022 25 25 26 25

Page 5

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

The following is an analysis of the Total Leavers figure above. Success rates are calculated after deducting those who leave Amber within four weeks of arrival. The overall success rate has increased on last year. Figures in brackets are the results for the year to April 2022.

AC BL FP DV Total
Leavers in to job 19 (11) 17 (16) 13 (21) 3 52
Leavers in to
education or training		 8 (0) 10 (0) 6 (1) 0 24
Leavers in to major
goal		 19 (21) 15 (19) 13 (13) 12 59
Total successful
leavers		 46 (32) 42 (35) 32 (35) 15 135
Unsuccessful leavers 7 (19) 6 (12) 5 (9) 1 19
Success rate 87% (63%) 88% (74%) 86% (80%) 94% 88%

Fundraising

Once again, we have been fortunate to be so well supported by a wide range of incredibly generous and loyal individuals, grant giving Trusts and Foundations, companies and organisations.

Gifts have ranged from significant donations towards our core costs and specific projects such as funding a bed space, supporting the costs of our Team Leaders, programme costs, or helping to maintain our Centres. We always feel so privileged to get such great support and we must thank everyone who has donated to us over the last year.

We were really pleased to continue our work with the Youth Futures Foundation and are delighted that this support will continue for a further two years. We are also really pleased to receive support from organisations local to each of our Centres, such as the Wiltshire, Surrey, Devon and Kent Community Foundations. We are also hugely grateful to our Patron, Eddie Jordan OBE and his family for their continued support, and we are delighted that F1 star Mark Webber has become an Amber Ambassador this year.

Although Amber does not actively fundraise directly from the public, we gratefully receive donations from individuals through our normal day to day activities. The majority of the donations received come from Trusts and Foundations, from which we received support from over 50 over the course of the year. We will continue to invest appropriately in our fundraising activity with the aim of being able to provide the intensive support that we know makes such a difference to the young people that come to Amber.

Financial review

The Trustees are pleased to report that during the year, Amber received monetary donations of £1,443,045 (2022 £2,809,737 including the purchase of Downsview). The Trustees wish to record their thanks for the generosity of all those donors who have enabled Amber to continue its charitable work this year. In addition to the above, Amber’s other main income streams have achieved:

Page 6

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

Voluntary income
Activities for Generating Funds
Housing Benefit
Young People Related Income
Others
Total income		 2023
%
2022
%
£
£
1,443,045
52%
2,809,737
67%
0
0%
332,741
8%
1,048,958
37%
850,312
20%
302,487
11%
204,133
5%
5,215
0%
3,688
0%
2,799,705
4,200,609

Voluntary income (excluding the purchase of Downsview in 2022) has increased, with donations from grant giving Trusts and Foundations accounting for the majority of the income. We were also very pleased to be involved with the Big Give campaign in the run up to Christmas and wish to thank everyone who got behind the appeal.

Activities for Generating Funds income is £0 (2022: £332,741). Our biennial Amber Rocks™ event is next planned for October 2023.

Housing Benefit income of £1,049k (37%) in 2023 had increased from the figures reported in 2022 at £850k (20%).

Young People Related Income refers to funded bed spaces £134k (2022: £72k) and weekly top ups from benefits that the Young People are encouraged to contribute £169k (2022: £132k).

Overall Net Income/Expenditure for the year was (£136k) (2022: £1,554k)

The 2023 Balance Sheet has seen movements to 2022 as follows:

Current Assets : The cash balance has seen a slight decrease in 2023 to £507k from £530k reported in 2022. Debtors have seen a fall of £33k due to less accrued income. Total Current Assets for 2023 was £720k (2022: £770k).

Liabilities have seen Creditors at less than one year increasing by £29k which is mainly due to an increase in Accruals.

Net Assets are £5,097k (2022: £5,272k).

Investment powers and policy

The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in an interest-bearing deposit account.

Under the Memorandum and Articles of Association, the charity has the power to invest in any way the Trustees wish.

Page 7

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

Reserves policy

The policy of the Trustees is to hold reserves to provide stability during fluctuations in the level of donations and the potential impact of a change of Government policy on funding. This is a risk based approach following guidance issued by the Charity Commission. The process followed to assess the level of reserves to be held includes understanding the nature of the charitable funds held, identifying our functional assets, understanding the financial impact of any risk, reviewing our sources of income and the impact of any future plans and commitments.

Total Reserves
Less Restricted
Total Unrestricted Reserves
Less the net book value of fixed
assets
less
the
outstanding
mortgage.
Surplus/(Deficit)		 2023
2022
£
£
5,097,751
5,233,440
(1,868,310)
(1,918,281)
3,229,441
3,315,159
(3,164,808)
(3,167,572)
64,633
147,587

Of the restricted funds, £1,460,274 is invested in fixed assets. The remaining £408,036, whilst for specific purposes, will be used to cover permitted elements of running costs during 2023/24.

Future plans

We will consolidate the strong start of our new Centre in Kent and its position as a valuable resource for young homeless and unemployed people and commissioners in Kent.

We will embark on a new two year evaluation the Youth Futures Foundation to better understand the longer term impact of our work on the young people who come to stay at Amber.

Amber going concern assessment October 2023

An assessment has been undertaken to identify key business risks to Amber and we have assessed their significance; including likelihood and impact. In addition, cash flows and a fundraising projection have been prepared, which reflect the best estimates of:

Consideration has been given to the potential risks to our two key income streams, and the impact of inflation on our costs.

Page 8

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2023

Voluntary income secured through fundraising activities

Amber has a strong and effective fundraising team who have developed long term and enduring relationships with a broad range of Trusts, Foundations and major donors over many years. A number of high value multi year awards have been achieved over the last year and a strong pipeline of applications to existing and new funders has been developed, with a reliable and tested process of evaluating the likelihood of success. This informs the cash flow prediction submitted to the Board.

Rental income funded by beneficiaries who are entitled to receive housing benefit

With reference to the housing benefit revenue stream, there are no apparent Government policy changes on the horizon that may be considered a threat to this. Moreover, we have secured significant increases in housing benefit across the four Local Authority areas in which we operate in 2023. In terms of predicted occupancy levels, these are stable over time and have shown an upturn over recent months.

The above, along with analysis of our free reserves, indicate that the charity will have sufficient cash to continue to operate. Amber has no lease exposure and has the freehold ownership of its operating premises and no mortgages, this provides a fall-back position of assets in the form of property available for sale in an emergency. Therefore, the going concern assumption has been adopted.

The Trustees’ Report, incorporating a strategic report, was approved by order of the Board of Trustees, as the company directors, on …………………… and 25th January 24 signed on its behalf by:

Barty Smith Chairman

Page 9

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 APRIL 2023

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report including the Strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to our auditors

In so far as the trustees are aware at the time of approving our trustees' annual report:

Approved by order of the members of the board of Trustees and signed on its behalf by:

Barty Smith Chairman Date: 25th January 2024

Page 10

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE AMBER FOUNDATION

Opinion

We have audited the financial statements of The Amber Foundation (the 'charitable company') for the year ended 30 April 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees' report and financial statements other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Trustees' report and financial statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 11

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE AMBER FOUNDATION (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report including the Strategic Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 12

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE AMBER FOUNDATION (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, which included incorrect recognition of revenue, management override of controls using manual journal entries, purchase ledger, and considered the greatest potential for fraud as incorrect recognition of revenue, consideration of restricted income, compliance with laws and regulations and management override using manual journal entries.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, The Charities Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity’s ability to operate or to avoid a material penalty. These included data protection regulations, occupational health and safety regulations and employment legislation.

Our procedures to respond to risks identified included the following:

Page 13

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE AMBER FOUNDATION (CONTINUED)

journal entries and other adjustments; and assessing whether the judgements made in making accounting estimates are indicative of a potential bias.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Tim Borton FCA (Senior statutory auditor)

for and on behalf of Bishop Fleming LLP

Chartered Accountants Statutory Auditors 2nd Floor Stratus House Emperor Way Exeter Business Park Exeter EX1 3QS

Date: 26 January 2024

Page 14

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities - Amber Rocks
5
Investments
Total income
Expenditure on:
Raising funds:
6
Cost of Amber Rocks
. Other costs of raising funds
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
785,924
1,355,095
-
1,565
2,142,584
-
221,142
1,968,263
2,189,405
(46,821)
3,315,159
(46,821)
3,268,338		 Restricted
funds
2023
£
657,121
-
-
-
657,121
-
-
707,092
707,092
(49,971)
1,918,281
(49,971)
1,868,310		 Total
funds
2023
£
1,443,045
1,355,095
-
1,565
2,799,705
-
221,142
2,675,355
2,896,497
(96,792)
5,233,440
(96,792)
5,136,648		 Total
funds
2022
£
2,809,737
1,058,075
332,741
56
4,200,609
151,789
181,652
2,313,421
2,646,862
1,553,747
3,679,693
1,553,747
5,233,440

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 18 to 35 form part of these financial statements.

Page 15

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:03004111

BALANCE SHEET AS AT 30 APRIL 2023

Note
Fixed assets
Tangible assets
12
Investments
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
19
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 6,755
209,421
507,176
723,352
(223,140)		 2023
£
4,636,435
1
4,636,436
500,212
5,136,648
5,136,648
1,868,310
3,268,338
5,136,648		 6,368
233,600
529,842
769,810
(221,623)		 2022
£
4,685,252
1
4,685,253
548,187
5,233,440
5,233,440
1,918,281
3,315,159
5,233,440

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 25th January 2024 and signed on their behalf by:

Barty Smith

(Chair of Trustees)

The notes on pages 18 to 35 form part of these financial statements.

Page 16

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2023

Note
Cash flows from operating activities
Net cash provided by operating activities
18
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Donation received for purchase of fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
19
The notes on pages 18 to 35 form part of these financial statements		 2023
£
115,537
1,565
-
(105,924)
-
(104,359)
(33,844)
(33,844)
(22,666)
529,842
507,176		 2022
£
240,612
56
950
(1,662,976)
1,490,000
(171,970)
(41,618)
(41,618)
27,024
502,818
529,842

Page 17

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

1. General information

The Amber Foundation (the charitable company) is a private company limited by guarantee, incorporated in England and Wales. The registered office is Ashley Court, Chawleigh, Devon, EX18 7EX. Its company number is 03004111 and charity number is 1051388.

2. Accounting policies

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Amber Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Amber Dextrous Limited is a wholly owned subsidiary company that is dormant. It is considered that not consolidating Amber Dextrous Limited does not materially impact the balances reported in the financial statements of The Amber Foundation. Accordingly consolidated financial statements have not been prepared.

2.2 INCOME

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Page 18

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

2. Accounting policies (continued)

2.3 EXPENDITURE (CONTINUED)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 INTEREST RECEIVABLE

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.6 INVESTMENTS

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 STOCKS

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 19

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

2. Accounting policies (continued)

2.10 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 FINANCIAL INSTRUMENTS

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 PENSIONS

The Company operates a defined contribution pension scheme which is open to all staff through the Royal London Group. The pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.13 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 20

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

3. Income from donations and grants

Unrestricted
funds
2023
£
Donations and Grants
759,178
Gift Aid
26,746
785,924
Unrestricted
funds
2022
£
Donations and Grants
567,270
Gift Aid
3,307
570,577		 Restricted
funds
2023
£
657,121
-
657,121
Restricted
funds
2022
£
2,239,160
-
2,239,160		 Total
funds
2023
£
1,416,299
26,746
1,443,045
Total
funds
2022
£
2,806,430
3,307
2,809,737

4. Income from charitable activities

Unrestricted
funds
2023
£
Housing Benefit
1,048,958
Residents' Contributions
168,562
Third Party Residential Bed Space
133,925
Other Incoming Resources
3,650
1,355,095		 Total
funds
2023
£
1,048,958
168,562
133,925
3,650
1,355,095

Page 21

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

Housing Benefit
Residents' Contributions
Third Party Residential Bed Space
Other Incoming Resources		 Unrestricted
funds
2022
£
850,312
131,932
72,200
3,631
1,058,075		 Total
funds
2022
£
850,312
131,932
72,200
3,631
1,058,075
5. Income from other trading activities
Income from fundraising events
Amber Rocks - Donations
Amber Rocks did not take place in 2023.
Unrestricted
funds
2022
£
Amber Rocks - Donations
332,741		 Total
funds
2023
£
-
Total
funds
2022
£
332,741

In 2022, the cost of the Amber Rocks event was £151,789 and the net contribution made to The Amber Foundation was £180,952.

Page 22

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

6. Expenditure on raising funds

Unrestricted
funds		 Unrestricted
funds		 Total
funds
2023 2023
£ £
Advertising 10,240 10,240
Staff expenses 9,897 9,897
Fundraising-Staff costs 201,005 201,005
TOTAL 2023 221,142 221,142
Unrestricted
funds		 Total
funds
2022 2022
£ £
Advertising 13,423 13,423
Staff expenses 17,966 17,966
Fundraising-Staff costs 150,263 150,263
TOTAL 2022 181,652 181,652

Page 23

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

7. Analysis of expenditure by activities

Ashley Court, Devon
Bythesea Lodge, Wiltshire
Farm Place, Surrey
Downsview, Kent
Ashley Court, Devon
Bythesea Lodge, Wiltshire
Farm Place, Surrey
Downsview, Kent		 Activities
undertaken
directly
2023
£
661,886
561,253
658,274
395,216
2,276,629
Activities
undertaken
directly
2022
£
598,865
468,084
687,729
134,152
1,888,830		 Support
costs
2023
£
124,724
105,574
102,754
65,674
398,726
Support
costs
2022
£
168,549
124,210
125,161
6,671
424,591		 Total
funds
2023
£
786,610
666,827
761,028
460,890
2,675,355
Total
funds
2022
£
767,414
592,294
812,890
140,823
2,313,421

Page 24

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Residents Costs
Property Costs
Utilities
Vehicles
Office & Admin Costs
Other Staff Costs
Staff costs
Residents Costs
Property Costs
Utilities
Vehicles
Office & Admin Costs
Other Staff Costs		 Ashley
Court
2023
£
417,483
68,198
65,433
29,817
22,919
32,219
25,817
661,886
Ashley Court
2022
£
369,733
70,123
70,504
32,593
15,440
18,882
21,590
598,865		 Bythesea
Lodge
2023
£
306,981
50,466
130,610
21,631
13,206
15,800
22,559
561,253
Bythesea
Lodge
2022
£
270,306
48,357
76,493
26,559
7,526
16,547
22,296
468,084		 Farm Place
2023
£
318,699
81,808
116,511
33,002
20,192
21,861
66,201
658,274
Farm Place
2022
£
351,580
91,786
105,444
39,144
17,973
30,330
51,472
687,729		 Downsview
2023
£
187,051
34,327
97,577
26,113
3,390
19,993
26,765
395,216
Downsview
2022
£
18,231
4,642
58,817
23,930
160
9,451
18,921
134,152		 Total
funds
2023
£
1,230,214
234,799
410,131
110,563
59,707
89,873
141,342
2,276,629
Total
funds
2022
£
1,009,850
214,908
311,258
122,226
41,099
75,210
114,279
1,888,830

Page 25

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff Costs
Professional Fees
Office & Admin Costs
Governance Costs
Staff costs
Professional Fees
Office & Admin Costs
Governance Costs
Other Staff Costs		 Ashley
Court
2023
£
89,283
7,993
22,810
4,638
124,724
Ashley Court
2022
£
72,246
30,315
36,466
2,750
26,772
168,549		 Bythesea
Lodge
2023
£
77,057
6,913
17,619
3,985
105,574
Bythesea
Lodge
2022
£
99,015
4,603
17,842
2,750
-
124,210		 Farm Place
2023
£
76,837
5,824
14,590
5,503
102,754
Farm Place
2022
£
99,966
4,603
17,842
2,750
-
125,161		 Downsview
2023
£
48,840
3,876
9,709
3,249
65,674
Downsview
2022
£
2,049
1,331
541
2,750
-
6,671		 Total
funds
2023
£
292,017
24,606
64,728
17,375
398,726
Total
funds
2022
£
273,276
40,852
72,691
11,000
26,772
424,591

8. Auditors' remuneration

2023 2022
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 12,200 10,450
Fees payable to the Company's auditor in respect of
All non-audit services not included above 3,485 1,750

Page 26

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
1,556,502
134,763
31,971
1,723,236		 2022
£
1,286,984
116,486
29,919
1,433,389

The average number of persons employed by the Company during the year was as follows:

Direct charitable objectives
Administration management and fundraising		 2023
No.
59
12
71		 2022
No.
47
11
58

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2023 2022
No. No.
In the band £60,001 - £70,000 1 -
In the band £90,001 - £100,000 1 1

The total employee benefits of the key management personnel of the charity were £269,100 (2022: £271,280), including employer's National Insurance contributions of £24,923 (2022: £28,230).

Amber operates a money purchase pension scheme which is open to all staff. The total number of staff for whom retirement benefits are accruing under money purchase scheme is 46 (2022: 43).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year, no Trustee expenses have been incurred (2022 - £NIL).

Page 27

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

11. Net income/(expenditure) for the year

Auditors remuneration
(Profit)/loss of disposal of fixed assets
Depreciation		 2023
£
12,200
-
162,349
174,549		 2022
£
10,450
(950)
121,727
131,227

12. Tangible fixed assets

COST OR VALUATION
At 1 May 2022
Additions
At 30 April 2023
DEPRECIATION
At 1 May 2022
Charge for the year
At 30 April 2023
NET BOOK VALUE
At 30 April 2023
At 30 April 2022		 Freehold
property
£
5,144,633
-
5,144,633
645,038
61,774
706,812
4,437,821
4,499,595		 Plant and
machinery
£
26,936
3,525
30,461
20,598
1,786
22,384
8,077
6,338		 Motor
vehicles
£
64,528
14,089
78,617
51,900
6,268
58,168
20,449
12,628		 Fixtures and
fittings
£
438,743
95,918
534,661
272,052
92,521
364,573
170,088
166,691		 Total
£
5,674,840
113,532
5,788,372
989,588
162,349
1,151,937
4,636,435
4,685,252

13. Stocks

Cost of food in the centres

2023 2022
£ £
6,755 6,368

Page 28

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

14. Debtors: Due within one year

Trade debtors
Other debtors
Prepayments and accrued income		 2023
£
62,237
85,101
62,083
209,421		 2022
£
93,781
90,400
49,419
233,600

15. Creditors: Amounts falling due within one year

Mortgage
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
3,745
71,168
86,122
62,105
223,140		 2022
£
37,589
37,009
54,894
92,131
221,623

Security has been given by way of a fixed and floating charge which covers all of the property.

Page 29

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

16. Statement of funds

Statement of funds - current year

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets
GENERAL FUNDS
General Funds
TOTAL UNRESTRICTED
FUNDS
RESTRICTED FUNDS
The purchase of the Kent site
Residents support fund
Site improvement fund
Team Leaders salaries fund
Amberteers' activities fund
Employability of residents' fund
Barclays Project
Others
TOTAL OF FUNDS		 Balance at 1
May 2022
£
3,167,572
147,587
3,315,159
1,480,091
166,375
59,635
73,856
3,845
38,995
79,080
16,404
1,918,281
5,233,440		 Income
£
-
2,142,584
2,142,584
-
316,584
30,266
272,266
-
10,005
7,000
21,000
657,121
2,799,705		 Expenditure
£
(142,532)
(2,046,873)
(2,189,405)
(19,817)
(229,428)
(27,937)
(278,926)
-
(49,000)
(80,984)
(21,000)
(707,092)
(2,896,497)		 Transfers
in/out
£
139,768
(139,768)
-
-
-
-
-
-
-
-
-
-
-		 Balance at
30 April
2023
£
3,164,808
103,530
3,268,338
1,460,274
253,531
61,964
67,196
3,845
-
5,096
16,404
1,868,310
5,136,648

Page 30

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

16. Statement of funds (continued)

Designated funds

The fixed asset fund represents the value of funds tied up in fixed assets, net of the mortgage balance and excluding any fixed assets represented in restricted funds.

Restricted funds

The purchase of the Kent site represents the value of a donation for the purchase of the site. If the site ceases to be required and is sold, proceeds are returnable to the donor.

The residents' support fund consists of donations received to support young people across all centres.

The site improvement fund consists of donations received to fund improvements of Amber's centres.

The team leaders salaries fund consists of donations received towards the cost of team leader salaries.

The Amberteers' activities fund consists of donations to support residents' activities.

The employability of residents' fund consists of donations received to improve the employability of residents.

The Barclays project fund consists of a donation to support residents mental health.

Page 31

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

16.
Statement of funds (continued)
Statement of funds - prior year
Balance at
1 May 2021
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets
3,064,796
GENERAL FUNDS
General Funds
258,236
TOTAL UNRESTRICTED
FUNDS
3,323,032
RESTRICTED FUNDS
The purchase of the Kent site
-
Residents support fund
67,249
Site improvement fund
37,401
Team Leaders salaries fund
180,539
Amberteers' activities fund
40,318
Employability of residents' fund
9,597
Barclays Project
-
Others
21,557
356,661
TOTAL OF FUNDS
3,679,693		 Income
£
-
1,961,449
1,961,449
1,490,000
256,783
65,500
211,508
7,716
87,653
100,000
20,000
2,239,160
4,200,609		 Expenditure
£
-
(1,969,322)
(1,969,322)
(9,909)
(157,657)
(43,266)
(318,191)
(44,189)
(58,255)
(20,920)
(25,153)
(677,540)
(2,646,862)		 Transfers
in/out
£
Balance at
30 April 2022
£
102,776
3,167,572
(102,776)
147,587
-
3,315,159
-
1,480,091
-
166,375
-
59,635
-
73,856
-
3,845
-
38,995
-
79,080
-
16,404
-
1,918,281
-
5,233,440		 Transfers
in/out
£
Balance at
30 April 2022
£
102,776
3,167,572
(102,776)
147,587
-
3,315,159
-
1,480,091
-
166,375
-
59,635
-
73,856
-
3,845
-
38,995
-
79,080
-
16,404
-
1,918,281
-
5,233,440
147,587
3,315,159
1,480,091
166,375
59,635
73,856
3,845
38,995
79,080
16,404
1,918,281
5,233,440

Page 32

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
3,176,161
Trade investments
1
Current assets
315,316
Creditors due within one year
(223,140)
TOTAL
3,268,338		 Restricted
funds
2023
£
1,460,274
-
408,036
-
1,868,310		 Total
funds
2023
£
4,636,435
1
723,352
(223,140)
5,136,648

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
TOTAL		 Unrestricted
funds
2022
£
3,205,161
331,620
(221,623)
3,315,158		 Restricted
funds
2022
£
1,480,091
438,190
-
1,918,281		 Total
funds
2022
£
4,685,252
769,810
(221,623)
5,233,439

Page 33

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

18.
Reconciliation of net movement in funds to net cash flow from operating activities
2023
£
Net income/expenditure for the year (as per Statement of Financial
Activities)
(96,792)
ADJUSTMENTS FOR:
Depreciation charges
162,349
Loss/(profit) on the sale of fixed assets
-
Increase in stocks
(387)
Decrease in debtors
24,178
Increase in creditors
35,361
Deduct interest income shown in investment activities
(1,565)
Donation receieved for purchase of fixed assets
-
NET CASH PROVIDED BY OPERATING ACTIVITIES
123,144
19.
Analysis of cash and cash equivalents
2023
£
Cash in hand
507,176
TOTAL CASH AND CASH EQUIVALENTS
507,176
20.
Analysis of changes in net debt
At 1 May
2022
Cash flows
£
£
Cash at bank and in hand
529,842
(22,666)
Debt due within 1 year
(37,589)
33,844
492,253
11,178		 2022
£
1,553,747
121,727
(950)
(2,140)
43,856
14,428
(56)
(1,490,000)
240,612
2022
£
529,842
529,842
At 30 April
2023
£
507,176
(3,745)
503,431

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THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

21. Capital commitments

2023 2022
£ £
CONTRACTED FOR BUT NOT PROVIDED IN THESE FINANCIAL
STATEMENTS
Acquisition of tangible fixed assets 46,192 -

22. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £6,732 (2022: £2,371) were payable to the fund at the balance sheet date and are included in creditors.

23. Operating lease commitments

At 30 April 2023 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2023
£
2,952
7,608
10,560		 2022
£
2,952
10,164
13,116

24. Related party transactions

The total donations received from trustees is £105,000 (2022: £105,500). There were no conditions attached to the donations.

In 2021/22, The Amber Foundation received a donation of £1,690,000 from The Henry Oldfield Trust, a charity of which Richard Oldfield is a trustee.

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