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2024-04-30-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 2024

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 11
Independent auditors' report on the financial statements 12 - 15
Statement of financial activities 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 36

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 2024

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 2024

I am pleased to be able to report on another successful year for the Amber Foundation. The approach taken by Amber to help unemployed and homeless young people get back on their feet has remained consistent over time, but we always look for ways to improve, refine and enhance the support that we provide.

With this in mind we were delighted to be able to appoint a support and evaluation worker this year to extend the help we offer beyond the point at which young people move on from our centres through high quality advice and guidance. We believe this will help our beneficiaries to consolidate their successful move on and assist them in navigating some of the challenges that come with living independently.

We are fortunate to own the freehold interests of all our centres. However, it is our staff that remain our most important asset, and the management team have rightly invested significant time and thought into recruiting the best candidates in each of the areas in which we operate. During my visits to the centres over the last year, it was apparent that we have a highly skilled and effective group of staff who show great passion, commitment, and resilience in their work.

The Amber team succeeded in helping 150 young people move on successfully, 53 into work, 11 into education and training, and 86 achieving a major personal goal that has moved them closer to the workplace. With an overall success rate of 79% (2022/23 88%), Amber continues to have a positive impact on the lives of the young people who use our services. In addition, a further 26 young people who left Amber without a job were found to be in employment when contacted by our support and evaluation worker after their departure from our programme between May 2023 and April 2024.

Amber is also about affecting lasting change and some of the earliest Amber graduates, who are now approaching middle age, still contact us today, showing gratitude for the help they received all those years ago which enabled them to live stable and successful lives. Given this long-term impact we would like to help more young people and open more centres in the future, where funds allow. This year we have focused on consolidating our centre in Kent, Downsview, which is really beginning to play a valuable role in giving young people from the area the time and space to make important changes to their lives.

I have also been impressed by the growing number of partnerships that each of the centres have developed with employers both local and national. This has been a real focus over the last year and the opportunities afforded to young people in terms of work experience and permanent employment have been invaluable. Ringway, who maintain highways around the south of England have been wonderful supporters, resulting in a number of young people going into permanent full-time careers with real prospects.

Financially, despite experiencing the pressures faced by many in the charitable sector, we have had an outstanding year, as can be seen in the results below and resulting in a surplus of £408k. This outcome was in part a result of the continued support of our patron Eddie Jordan, who hosted an immensely enjoyable and successful Amber Rocks fundraising event in London.

We are aware, however, that we must not be complacent, and our fundraising and operational teams will continue to ensure that we have the best possible chance of sustaining our success into our 30th year in 2025.

I would like to thank the many individuals, grant-making trusts and companies who have supported us throughout the year, and warmly welcome the new grant-making trusts and supporters with whom we hope to develop meaningful and long-term relationships. Without this support Amber could not continue. I would also like to thank my fellow trustees and the Amber staff for their hard work and commitment in a challenging but successful year, and I look forward to Amber building on these achievements in the year ahead.

Barty Smith (Chairman)

Date: 7th January 2025

Page 2

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

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 2024, 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 up to 100 young people (residents) at any one time to achieve their respective goals, whether it be into education, training or employment and into their own accommodation.

Bythesea Lodge (BL)

Over the past year, Bythesea Lodge has undergone further internal renovation works to bedrooms and communal areas in partnership with ViY (Volunteer it Yourself) and Landaid and we plan to renovate our attic space into a new “move on” apartment for young people to stay in before they leave Amber into independence. We have also worked with Ringway and their parent company VINCI who provided an engaging presentation on the highways and maintenance industry which resulted in a resident being offered employment. Many thanks to them and our other supporters throughout the year for their ongoing work and support, especially Nutricia and Wiltshire Police who provide valuable support to our young people through volunteering days.

Our staff team have delivered workshops on topics such as recovery work, anger management and emotional health as well as employability and we continue to offer evening support via one of our team leaders who offers substance misuse intervention work in either a 1-1 or group setting.

We have 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.

Page 3

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

We have seen an excellent and thriving culture of employment outcomes at our Wiltshire centre this year seeing periods where we have had between 30-50% of the house engaged in either work, college or voluntary commitments, which have often led to sustained and successful outcomes. This has been aided by our collaboration with Every Youth (EY) and young people being able to access the rent deposit scheme and employability bursary. The culture of employability is infectious, and it is excellent to see that for many, a culture of work, success and positivity is becoming a mainstream attitude at Bythesea.

Ashley Court (AC)

Over the last year Ashley Court has undergone further refurbishments & refreshing of the building & grounds through continued partnership with ViY (Volunteer it Yourself). Residents at Ashley Court participated in this work, earning themselves Entry Level City & Guild accreditations whilst redecorating the Induction Team room.

Hays Recruitment welcomed Ashley Court residents to their offices in Exeter again, running Employability Workshops. We also had a visit from staff at Stephen Scown Solicitors, who were kind enough to give a talk on routes into law and employee skill searching. Alongside this, we also had some new opportunities with Fresha Café, who have run barista training sessions with the young people throughout the year.

The Amber Foundation was the nominated Charity at The Devon County Show this year. Staff and young people spent three days at the show running a stall and talking to members of the public about Amber and the work we do. Later in the year, the Eden Project hosted its 10th annual “Sleep Out” and both staff and residents participated in the event. Over £5,000 was raised, which in part made Christmas 2023 at Ashley Court one to remember.

We have engaged in a great deal of local volunteering, including regular sessions at Wildwood Trust Animal Park where residents helped rejuvenate the woodlands and pathways.

– We also rallied together during the summer when the local Post Office faced closure setting up and running a “Save our Local Shop” bake sale. All profits went to the store, and young people felt a real sense of giving back to the community.

Residents from all four centres had the opportunity to participate in a 5 day voyage with Ocean Youth Trust in June 2023, sailing on The Prolific, a 30-foot vessel. All those that took part received accreditations from The Royal Yachting Association. This was an amazing adventure, teaching young people valuable life skills & building confidence.

With funding continued for another year, residents have benefitted hugely from the in-house counselling service, which provides a vital service which the young people are so grateful to receive.

Downsview (DV)

Downsview has progressed significantly over this period. We have built strong volunteering links with local organisations such as Kent Wildlife Trust, The Weald Foundation, KMPT, Accumulate, The Canterbury Archaeological Trust, Kent and East Sussex Railway, Debra, and Pilgrims Hospice, whom we now volunteer with regularly, offering a range of opportunities to inspire and improve employability or independent living skills. The aura of the centre has also shifted significantly during this period with an increase in a positive and supportive culture that has resulted in peer-to-peer learning and accountability amongst the young people enabling them to learn from mistakes or experiences.

The young people have been on some fantastic team building days including bouldering and a day of outdoor activity at Kingswood Grosvenor Hall. These days boosted resident bonding and morale teaching them new ways to communicate and encouraging them to utilise the knowledge and skills they all possess as a whole house.

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THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

We have also been developing the garden space and have created a fantastic vegetable patch which is now regularly supplying fresh produce for resident’s meals, including beetroot, potatoes, cucumber, spring onions, carrots and more. Young people have really enjoyed the process of seeing their hard work come to fruition and learning about the processes of small-scale food production. We have also started Project Narnia (named by the young people), which is a working wardrobe of clothes for interviews or work experience for our residents. We have received some fantastic clothing donations from Ashford Community Clothes Bank, and The McArthur Glen Designer Outlet.

Our links in the immediate Kennington/Ashford community have improved with more local services and businesses being aware of Downsview and supporting us. Freedom Leisure, who have a gym and sports facility close to our centre have provided us with two free full Gym and Swim membership cards which young people use on a daily basis. This has fostered an active and healthy environment at the centre with those more keen encouraging others who are unsure or not confident.

A new therapy room space has been created at Downsview by utilising an unused room. This space has been used for scheduled therapy sessions, a calm space for grounding, or to conduct tough supportive conversations with residents. This space has empowered residents to self-regulate and engage in emotional/mental wellbeing practices with confidence and privacy. We hope to develop the therapy space further in future.

Downsview took part in a CEO Sleep Out event at Leeds Castle raising money for Amber. One of our young people shared his personal journey in front of the group camping out for the night which was a massive achievement for him as it was his first experience of speaking publicly.

Downsview has also had some fantastic successes in this period with many young people moving on into fulltime work and permanent accommodation with jobs including Gym Manager, retail, hospitality, and a Submariner Chef.

Farm Place (FP)

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

Over the last year Farm Place has been involved in a number of exciting projects with external partners including a project with Orpheus, a local disability charity. This was a nine month project where residents from Farm Place worked alongside an artist and the young people at Orpheus to create several listening benches. The project incorporated the design and creation of unique sensory seating areas with relaxing and mindful music installations.

Farm Place was also involved in working alongside VIY (Volunteer it Yourself) to help rebuild our team rooms, art room and create a new space for our young people. In addition to this, our young people were able to gain a number of skills designed to help and support them with learning and employment. Residents were also able to obtain a City & Guilds certificate in Health & Safety in the Workplace and painting and carpentry skills.

It has also been a great year for volunteering with young people from Farm Place volunteering at the local food bank, Community Fridge, Sayers Croft Outdoor Learning Centre and a number of charity shops. This is hugely beneficial to our young people as this gets them out into the community and helps them with building on their employability skills and self-confidence. Over the year young people have enjoyed weekly visits to help out at the Surrey Care Trust community allotments which has been positive for their mental wellbeing and also a great space for them to learn new skills and bond as a team.

Our centre in Surrey has been involved in helping out in the local village and surrounding areas over the year. Young people were excited to be involved with the annual Ockley bonfire night where a group helped to build the bonfire and volunteered as stewards at the evening event. We have also continued to support the Ockley

Page 5

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

village café again this year with young people attending in the mornings to help with the serving of teas and coffees and chatting with local residents.

There have also been a number of workshops delivered on site from external community organisations including songwriting workshops, pottery and art workshops, yoga and a drumming circle.

Young people have also had regular work experience opportunities at Froggetts flower Farm where our young people attend on a Thursday to help with all aspects of this small commercial nursery. We have also been very fortunate to have developed a relationship with McLaren Construction leading to several work experience opportunities and an offer of permanent employment.

Farm Place has had some very positive job outcomes this year with young people moving on into full-time work and permanent accommodation with jobs including manufacturing, maintenance, hospitality and customer service.

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 2024:

AC BL FP DV Total
Opening Residents at 01 May 2023 26 23 24 15 88
New Starters 67 70 74 53 264
Total Leavers 67 61 70 51 249
Closing Residents at 30 Apr 2024 26 32 28 17 103
Average number of young people in 2024 24 26 23 17 90
Average number of young people in 2023 26 25 24 15 90

The following is an analysis of the Total Leavers figure above. Success rates are calculated after deducting the 4 week leavers. The overall success rate has decreased on last year. Figures in brackets are the results for the year to April 2023.

Page 6

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

In addition a further 26 young people who left Amber without a job were found to be in employment when contacted by our support and evaluation worker after their departure from our programme between May 2023 and April 2024.

*Major goals are defined as:

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 is continuing into a second phase through a grant, which, as well as supporting our ongoing work, explores the longer term impact of our work.

We are also really pleased to receive support from national grant giving organisations such as the Garfield Weston Foundation and the National Lottery Community Foundation, as well as organisations close to our Centres such as the Wates Foundation, Shanly Foundation and the Surrey, Kent, Devon and Wiltshire Community Foundations.

We are hugely grateful to our Patron, Eddie Jordan OBE and his family for their continued support and for the support of F1 star Mark Webber. Eddie and the family supported Amber Rocks again this year, which was a hugely entertaining evening and raised significant sums for our work.

Whilst 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 and we received support from over 50 during 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.

Page 7

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

FINANCIAL REVIEW

The Trustees are pleased to report that during the year Amber received monetary donations of £1,781,845 (2023: £1,443,045). 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:

Voluntary income
Activities for Generating Funds
Housing Benefit
Young People Related Income
Others
Total income		 2024
%
2023
%
£
£
1,781,845
47%
1,443,045
52%
397,687
10%
0
0%
1,362,428
36%
1,048,958
37%
258,825
7%
306,137
11%
8,919
0%
1,565
0%
3,809,704
2,799,705

Voluntary income 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 £397,687 (2023: £0). Our biennial Amber Rocks™ event is next planned for October 2025.

Housing Benefit income of £1,362k in 2024 had increased from the figures reported in 2023 at £1,049k.

Young People Related Income refers to funded bed spaces £49k (2023: £137k) and weekly top ups from benefits that the Young People are encouraged to contribute £210k (2023: £169k).

Overall Net Income/(Expenditure) for the year was £408k (2023: (£97k))

The 2024 Balance Sheet has seen movements to 2023 as follows:

Current Assets : The cash flow has seen an increase in 2024 to £887k from £507k reported in 2023. Debtors have seen an increase of £75k due to more accrued income. Total Current Assets for 2024 was £1,175k (2023: £723k).

Liabilities have seen Creditors at less than one year increasing by £32k which is mainly due to an increase in deferred income.

Net Assets are £5,545k (2023: £5,137k).

Page 8

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

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.

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 and reviewing our sources of income and the impact of any future plans and commitments.

Total reserves are:

Total Reserves
Less Restricted
Total Unrestricted Reserves
Less the net book value of fixed
assets
less
the
outstanding
mortgage.
Surplus/(Deficit)		 2024
2023
£
£
5,544,746
5,136,648
(1,829,302)
(1,868,310)
3,715,444
3,268,338
(3,188,134)
(3,172,416)
527,310
95,922

Of the restricted funds, £1,440,457 is invested in fixed assets. The remaining £388,846, whilst for specific purposes, will be used to cover permitted elements of running costs during 2024/25.

Amber going concern assessment October 2024

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 9

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 APRIL 2024

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 multiyear 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. In addition to the significant increases in housing benefit negotiated across the four Local Authority areas in which we operate in 2023, we achieved further increases in three of our centres in 2024. In terms of predicted occupancy levels, these are stable over time and have shown an upturn in the current year.

The above, along with analysis of our improved free reserves, indicate that the charity will have sufficient cash 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, and signed on its behalf by:

Barty Smith (Chairman) Date: 7th January 2025

Page 10

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 APRIL 2024

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 . 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: 7th January 2025

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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 2024 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.

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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 ON 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.

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:

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

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

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 and consideration of restricted income.

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,safeguarding, occupational health and safety regulations and employment legislation.

Our procedures to respond to risks identified included the following:

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

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THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

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

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.

Mark Munro FCA (Senior statutory auditor)

for and on behalf of Bishop Fleming LLP

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

Date:

Page 15

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2024

Note
INCOME FROM:
Donations and legacies
3
Charitable activities
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
TOTAL EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2024
£
1,024,545
1,621,253
397,687
8,919
3,052,404
186,273
254,401
2,164,624
2,605,298
447,106
3,268,338
447,106
3,715,444		 Restricted
funds
2024
£
757,300
-
-
-
757,300
-
-
796,308
796,308
(39,008)
1,868,310
(39,008)
1,829,302		 Total
funds
2024
£
1,781,845
1,621,253
397,687
8,919
3,809,704
186,273
254,401
2,960,932
3,401,606
408,098
5,136,648
408,098
5,544,746		 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

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

The notes on pages 19 to 36 form part of these financial statements.

Page 16

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

BALANCE SHEET AS AT 30 APRIL 2024

2024 2024 2023
Note £ £
FIXED ASSETS
Tangible assets 12 4,628,591 4,636,435
Investments 1 1
4,628,592 4,636,436
CURRENT ASSETS
Stocks 13 3,259 6,755
Debtors 14 284,750 209,421
Cash at bank and in hand 19 887,111 507,176
1,175,120 723,352
Creditors: amounts falling due within one
year 15 (258,966) (223,140)
NET CURRENT ASSETS 916,154 500,212
TOTAL ASSETS LESS CURRENT
LIABILITIES 5,544,746 5,136,648
TOTAL NET ASSETS 5,544,746 5,136,648
CHARITY FUNDS
Restricted funds 16 1,829,302 1,868,310
Unrestricted funds 16 3,715,444 3,268,338
TOTAL FUNDS 5,544,746 5,136,648

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 7th January 2025 and signed on their behalf by:

Barty Smith

(Chairman)

The notes on pages 19 to 36 form part of these financial statements.

Page 17

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by operating activities
18
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments
Purchase of tangible 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 19 to 36 form part of these financial statements		 2024
£
573,259
8,919
(198,498)
(189,579)
(3,745)
(3,745)
379,935
507,176
887,111		 2023
£
115,537
1,565
(105,924)
(104,359)
(33,844)
(33,844)
(22,666)
529,842
507,176

Page 18

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

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.

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.

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.

Page 19

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES (continued)

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:

Freehold property - Over 75 years
Plant and machinery - 25% per year
Motor vehicles - 25% per year
Fixtures and fittings - Between 10% - 50% per year

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 20

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

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 21

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

3. INCOME FROM DONATIONS AND GRANTS

Unrestricted
funds
2024
£
Donations and Grants
1,001,169
Gift Aid
23,376
1,024,545
Unrestricted
funds
2023
£
Donations and Grants
759,178
Gift Aid
26,746
785,924		 Restricted
funds
2024
£
757,300
-
757,300
Restricted
funds
2023
£
657,121
-
657,121		 Total
funds
2024
£
1,758,469
23,376
1,781,845
Total
funds
2023
£
1,416,299
26,746
1,443,045

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2024
£
Housing Benefit
1,362,428
Residents' Contributions
210,435
Third Party Residential Bed Space
45,434
Other Incoming Resources
2,956
1,621,253		 Total
funds
2024
£
1,362,428
210,435
45,434
2,956
1,621,253

Page 22

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

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

5. INCOME FROM OTHER TRADING ACTIVITIES

Income from fundraising events

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Amber Rocks - donations 397,687 397,687 -

The cost of the Amber Rocks event was £186,273 and the net contribution made to The Amber Foundation was £211,414 (2023: £Nil). Amber Rocks did not take place in 2023.

Page 23

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

6. EXPENDITURE ON RAISING FUNDS

Unrestricted
funds
2024
£
Amber Rocks
186,273
Advertising
11,713
Staff Expenses
7,062
Fundraising - wages and salaries
207,882
Fundraising - NI
21,731
Fundraising - pension costs
6,013
440,674
Unrestricted
funds
2023
£
Advertising
9,558
Staff Expenses
10,579
Fundraising - wage costs (including NI and pension costs)
177,632
Amber Rocks
18,266
Fundraising trading expenses - pension costs
5,107
221,142		 Total
funds
2024
£
186,273
11,713
7,062
207,882
21,731
6,013
440,674
Total
funds
2023
£
9,558
10,579
177,632
18,266
5,107
221,142

Page 24

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

7. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Ashley Court, Devon
Bythesea Lodge, Wiltshire
Farm Place, Surrey
Downsview, Kent
Central overheads
Ashley Court, Devon
Bythesea Lodge, Wiltshire
Farm Place, Surrey
Downsview, Kent
Central overheads		 Activities
undertaken
directly
2024
£
640,828
544,219
719,013
499,101
-
2,403,161
Activities
undertaken
directly
2023
£
661,886
561,253
658,274
395,216
-
2,276,629		 Support
costs
2024
£
-
-
-
-
557,771
557,771
Support
costs
2023
£
-
-
-
-
398,726
398,726		 Total
funds
2024
£
640,828
544,219
719,013
499,101
557,771
2,960,932
Total
funds
2023
£
661,886
561,253
658,274
395,216
398,726
2,675,355

Page 25

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

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
2024
£
389,709
61,839
69,240
35,881
21,807
24,911
37,441
640,828
Ashley Court
2023
£
417,483
68,198
65,433
29,817
22,919
32,219
25,817
661,886		 Bythesea
Lodge
2024
£
325,989
65,736
87,664
22,093
7,521
15,307
19,909
544,219
Bythesea
Lodge
2023
£
306,981
50,466
130,610
21,631
13,206
15,800
22,559
561,253		 Farm Place
2024
£
355,028
110,439
143,859
33,964
19,589
21,718
34,416
719,013
Farm Place
2023
£
318,699
81,808
116,511
33,002
20,192
21,861
66,201
658,274		 Downsview
2024
£
247,231
44,777
102,557
56,388
3,273
19,968
24,907
499,101
Downsview
2023
£
187,051
34,327
97,577
26,113
3,390
19,993
26,765
395,216		 Total
funds
2024
£
1,317,957
282,791
403,320
148,326
52,190
81,904
116,673
2,403,161
Total
funds
2023
£
1,230,214
234,799
410,131
110,563
59,707
89,873
141,342
2,276,629

Page 26

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

7. ANALYSIS OF EXPENDITURE BY ACTIVITIES (continued)

Analysis of support costs

Staff costs
Professional fees
Office & admin costs
Governance costs
Other Staff Costs
Staff costs
Professional fees
Office & admin costs
Governance costs
Other Staff Costs
8.
AUDITORS' REMUNERATION
Fees payable to the Company's auditor for the audit of the Company's
annual accounts
Fees payable to the Company's auditor in respect of
All non-audit services not included above		 Central
overheads
2024
£
359,554
77,547
71,137
21,755
27,778
557,771
Central
overheads
2023
£
260,195
23,723
70,032
18,402
26,374
398,726
2024
£
14,020
-		 Total
funds
2024
£
359,554
77,547
71,137
21,755
27,778
557,771
Total
funds
2023
£
260,195
23,723
70,032
18,402
26,374
398,726
2023
£
12,200
3,485

Page 27

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

9. STAFF COSTS

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
1,718,295
157,599
37,243
1,913,137		 2023
£
1,524,680
134,763
31,971
1,691,414

During the year 1 employee received a redundancy payment of £8,779 (2023: £Nil to 0 employees).

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

Direct charitable objectives
Administration management and fundraising		 2024
No.
62
12
74		 2023
No.
59
12
71

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

2024 2023
No. No.
In the band £60,001 - £70,000 - 1
In the band £70,001 - £80,000 1 -
In the band £90,001 - £100,000 - 1
In the band £100,001 - £110,000 1 -

The total employee benefits of the key management personnel of the Charity were £289,497 (2023: £269,100), including employer's National Insurance contributions of £34,469 (2023: £24,923).

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 47 (2023: 46).

10. TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year, no Trustee expenses have been incurred (2023 - £NIL).

Page 28

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

11. NET INCOME/(EXPENDITURE) FOR THE YEAR

Depreciation
12.
TANGIBLE FIXED ASSETS
COST OR VALUATION
At 1 May 2023
Additions
At 30 April 2024
DEPRECIATION
At 1 May 2023
Charge for the year
At 30 April 2024
NET BOOK VALUE
At 30 April 2024
At 30 April 2023
13.
STOCKS		 Freehold
property
£
5,144,633
-
5,144,633
706,812
61,774
768,586
4,376,047
4,437,821		 Plant and
machinery
£
30,461
520
30,981
22,384
2,413
24,797
6,184
8,077		 Motor
vehicles
£
78,617
-
78,617
58,168
7,241
65,409
13,208
20,449		 2024
£
206,342
Fixtures and
fittings
£
534,661
197,978
732,639
364,573
134,914
499,487
233,152
170,088		 2023
£
162,349
Total
£
5,788,372
198,498
5,986,870
1,151,937
206,342
1,358,279
4,628,591
4,636,435
2024 2023
£ £
Cost of food in the centres 3,259 6,755

Page 29

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

14. DEBTORS: DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
14,393
27,298
243,059
284,750		 2023
£
62,237
85,101
62,083
209,421

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Mortgage
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
-
73,340
85,915
99,711
258,966		 2023
£
3,745
71,168
86,122
62,105
223,140

Page 30

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

16.
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 1
May 2023
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets
3,164,808
GENERAL FUNDS
General Funds
103,530
TOTAL UNRESTRICTED
FUNDS
3,268,338
RESTRICTED FUNDS
The purchase of the Kent site
1,460,274
Residents' support fund
253,531
Site improvement fund
61,964
Team Leaders' salaries fund
67,196
Amberteers' activities fund
3,845
Employability of residents' fund
-
The Barclays Project
5,096
Young peoples' activities fund
-
Other restricted funds
16,404
1,868,310
TOTAL OF FUNDS
5,136,648		 Income
£
-
3,052,404
3,052,404
-
195,831
35,145
232,985
-
153,980
-
19,750
119,609
757,300
3,809,704		 Expenditure
£
(186,525)
(2,418,773)
(2,605,298)
(19,817)
(299,770)
(45,914)
(286,443)
(3,845)
(67,251)
(3,753)
316
(69,831)
(796,308)
(3,401,606)		 Transfers
in/out
£
209,851
(209,851)
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
30 April
2024
£
3,188,134
527,310
3,715,444
1,440,457
149,592
51,195
13,738
-
86,729
1,343
20,066
66,182
1,829,302
5,544,746

Page 31

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

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 32

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

16.
Statement of funds (continued)
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 May 2022
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets
3,167,572
GENERAL FUNDS
General Funds
147,587
TOTAL UNRESTRICTED
FUNDS
3,315,159
RESTRICTED FUNDS
The purchase of the Kent site
1,480,091
Residents' support fund
166,375
Site improvement fund
59,635
Team Leaders' salaries fund
73,856
Amberteers' activities fund
3,845
Employability of residents' fund
38,995
The Barclays Project
79,080
Other restricted funds
16,404
1,918,281
TOTAL OF FUNDS
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
£
Balance at
30 April 2023
£
139,768
3,164,808
(139,768)
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		 Transfers
in/out
£
Balance at
30 April 2023
£
139,768
3,164,808
(139,768)
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
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 33

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2024
£
Tangible fixed assets
3,188,134
Trade investments
1
Current assets
786,275
Creditors due within one year
(258,966)
TOTAL
3,715,444		 Restricted
funds
2024
£
1,440,457
-
388,845
-
1,829,302		 Total
funds
2024
£
4,628,591
1
1,175,120
(258,966)
5,544,746

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Tangible fixed assets
Trade investments
Current assets
Creditors due within one year
TOTAL		 Unrestricted
funds
2023
£
3,176,161
1
315,316
(223,140)
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

Page 34

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

18.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
ACTIVITIES
Net income/expenditure for the period (as per Statement of Financial
Activities)
ADJUSTMENTS FOR:
Depreciation charges
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase in creditors
Deduct interest income shown in investment activities
NET CASH PROVIDED BY OPERATING ACTIVITIES
19.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
20.
ANALYSIS OF CHANGES IN NET DEBT
At 1 May
2023
Cash flows
£
£
Cash at bank and in hand
507,176
379,935
Debt due within 1 year
(3,745)
-
503,431
379,935
21.
CAPITAL COMMITMENTS
CONTRACTED FOR BUT NOT PROVIDED IN THESE FINANCIAL
STATEMENTS
Acquisition of tangible fixed assets		 FROM OPERATING
2024
2023
£
£
408,098
(96,792)
206,342
162,349
3,496
(387)
(71,213)
24,178
35,455
35,361
(8,919)
(1,565)
573,259
123,144
2024
2023
£
£
887,111
507,176
Other non-
cash
changes
At 30 April
2024
£
£
-
887,111
3,745
-
3,745
887,111
2024
2023
£
£
-
46,192

Page 35

THE AMBER FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

22. PENSION COMMITMENTS

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £37,243 (2023: £31,971). Contributions totalling £7,408 (2023: £6,732) were payable at to the fund at the balance sheet date and are included in creditors.

23. OPERATING LEASE COMMITMENTS

At 30 April 2024 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		 2024
£
2,952
4,656
7,608		 2023
£
2,952
7,608
10,560

24. RELATED PARTY TRANSACTIONS

The total donations received from Trustees is £11,000 (2023: £105,000). No amounts were outstanding at the balance sheet date (2023: £Nil). There were no conditions attached to the donations received.

Donations were also received in the year of £45,000 (2023: £45,000) from The Manifold Trust, of which Barty Smith is a Trustee and £50,000 (2023: £Nil) from CHK Charities of which Lucy Morris is a Trustee. No amounts were outstanding at the balance sheet date for both donations (2023: £Nil).

Page 36