Page-1 Company no.. 03169578 Charlty no.. 1056508 POSTSCRIPT 360 LIMITED TRUSTEES AND DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Charity no: 1056608 Company no: 03169578 (England and Wales)
P8ge-2 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Contents Page Trustees, Report 3-14 Independent Examiners Report 15 statement of Financial Activities 16 Balance Sheet 17 statement of Cash Flows 18 Notes to the Financial Statements 19-24
Page-3 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 3q MARCH 2024 Trustees Re ort 1st A rll 2023 to 31st March 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011, the Companies Act 2006, and the Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland. FRS 102) issued in October 2019. Ob'ectives and Activities for the ublic benefit Aims and Pur oses PostS¢ript360 provides comprehensive support to people withdrawing safely from dependence on prescription drugs, including benzodiazepines {tranquillisers), Z drugs, painkillers, and similar substances, whether prescribed, misused, or purchased illicitly. We create a safe, supportive. and nonjudgmental environment that empowers our clients to taper off drug dependence while addressing the underlying causes and stigma associated with it. PostScript360 provides a wrap-around service consisting of one-to-one support, group sessions, Therapy 300 and a telephone support service. We share our knowledge with health professionals in our field, promote prevention awareness and support people through advocacy. Our purpose is: To reach more people through our wraparound service of one-to-one support, telephone and online service, group sessions, Therapy 300 and our volunteer led 360 Clubs. Our aim is to support people to overcorne their prescription drug dependence of benzodiazepines, Z drugs, Gabapentinoids and painkillers. To grow our therapy groups in our communities, empowering participants to make better choices around their mental health and overall well-being. Reduce the number of people misusing and developing a dependency to prescription drugs through prevention, awareness and education. Advocacy Service-. liaise on behalf of clients, build bridges with their GPS and other health care services to develop a better understanding of and improved outcomes for our clients, wellbeing. To share our knowledge with health professionals who come into direct contact with those who use prescription drug dependence. Background and Need Prescription drug dependence is a growing issue, impacting peoples, health, relationships, and overall well-being. Dependence on benzodiazepines, Z drugs, and painkillers can lead to severe withdrawal symptoms and even death, that requires specialised support for safe tapering (deprescribing). Many people face stigma and barriers in accessing the help they need, resulting in prolonged dependency and associated harms. On average, clients report ten GP visits and A&E visits within a period of six months. Each GP appointment costs from £56 for 10 minutes, and more for longer, A&E visit costs £418.00, with an additional £367.00 for an ambulance relating to falls and seizures occurrence due to
Page-4 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 a medication lapse, mixing other drugs and alcohol. PostScript360 saves healthcare services an average of £3,526.00 annually. This does not include costs for falls and other conditions associated with taking dependence-forming drugs. PostScript360 aims to fill this critical gap by offering a holistic approach to recovery and filling in the gaps that is lacking in health seNices and drug agencies, Our objectives: 1. Safe Tapering Support: Provide a structured, individualised tapering program for clients to safely reduce their dependence on prescription drugs. Ensure a nonjudgmental and empathetic environment to encourage client engagement and trust. 2. Advocacy and Communlcation: Facilitate effective communication belween clients, their GPS, and other healthcare professionals to ensure coordinated care and support. Advocate for clients in situations where communication has broken down, working to rebuild trust and cooperation. 3. Exploration of Underlying Condltlons: Conduct thorough assessments to understand the underlying conditions that contribute to drug dependence. Provide therapeutic InteentIOnS and support to address these root causes, promoting long-term recovery. 4. Breaking Down Barriers and Stigma: Implement educational programs to reduce stigma and promote understanding of prescription drug dependence within the community and health care services, Advocate for policies and practices that support equality and reduce discrimination against people with drug dependence, 5. Bullding Resilience: Equip clients with the skills and strategies needed to manage their mental health and prevent relapse. Foster a sense of empowerment and control over their recovery journey. Activlties 1. Comprehensive Assessment and Individualised Tapering Plans: Conduct initial assessments to determine the appropriate tapering plan for each client. Provide ongoing monitoring and adjustments to ensure safe and effective tapering.
Page-5 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 2. Therapeutic Support: Offer one-on-one support and group therapy sessions to address emotional and psychological aspects of dependence. Provide access to alternative therapies such as mindfulness and stress management techniques. 3. Advocacy and Llaison Services: Act as intermediaries between clients and healthcare providers to facilitate communication and coordinated care. Advocate for clients, needs and preferences in medical and social service settings. 4. Educational and Stigma Reductlon Initlatives: Develop and deliver workshops, seminars, and outreach programmes to educate the public and healthcare professionals about prescription drug dependence. Promote stories of recovery and resilience to challenge stereotypes and reduce stigma. 5. Resilience Bullding Programmes: Conduct workshops and training sessions on coping strategies, self-care, and relapse prevention. Create peer support nelworks to provide ongoing encouragement and mutual aid. Expected Im pacts: Improved Health and Well-being: Clients will experience improved physical and mental health as they successfully taper off prescription drugs. Enhanced Communlcation and Advocacy: Clients will benefit from better communication with healthcare providers and effective advocacy support. Reduced Stigma: Increased awareness and understanding within the community will lead to reduced stigma and greater support for individuals in recovery. Empowered Clients: Clients will gain resilience and skills to manage their mental health and maintain their recovery long-term.
Page-6 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 From 1st April 2023 to 31st March 2024 PostScrlpt360's outcomes: Telephone Support Service has been a vital service over the past year handling 13,491 inbound and outbound telephone calls combined. An average of 269 calls a week, 53 calls a day. An increase of 240/0 from last year. One-to-one Support: 490 people received personalised assistance, of which198 were complex cases, 40 % increase compared to 202213. Group Sessions: Service users progress from individual support to group sessions, sharing experiences and learning from others. These sessions are hosted by our Recovery & Wellbeing Practitioners empowering clients to complete their taper plan. Therapy 300: Over 220 people from Bristol and surrounding areas, and 250 people participants from other regions in England & Wales benefitted from group therapy sessions focusing on how to live without prescription drug misuse and to live a healthier life hosted by our practitioners. Advocacy: We bridge the communication gap between our service users and healthcare providers, ensuring they receive necessary care to support their taper schedule and other mental health conditions. Last year, we provided 1,400 hours to 325 people. Knowledge Sharing: We share our knowledge and experience of 28 years supporting people daily to taper safely from prescription drugs of dependence with healthcare professionals. Covering prescription drug misuse, the effects they have on our community and the growing concerns of people purchasing illicit medication online. This year we presented to 37 organisations. Prevention Awareness: Through conferences, seminars, campaigns and social media. We presented to 35 GP Practices, 144 probationary service staff in England, 186 local councillors and mental health workers. We presented quarterly presentations where we invited former and existing clients to share their personal experiences of becoming dependence free with health professionals. Ran 14 campalgns on social media platforms, using anonymised examples from clients, life experiences, these highlighted the harms of benzodiazepines, prevention awareness, warnings of mixing other drugs with benzodiazepines, plus keeping abreast of bad batches and alerting people on social media platforms. We reached approximately 62.000 people last year, promoting and participating in awareness and educational campaigns. 360 Clubs: After clients complete our support programmes, over 105 people joined our peer- to-peer 360 Clubs across England and Wales to continue with friendships made and to support each other, 950/0 of people who were supported by PostScript360 from April 2023 to March 2024 are dependence free or have reduced by a least 80 %.
Page-7 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 How PostScript360 monitors and evaluates client progress We implement a comprehensive evaluation framework to measure the success of our programme, including.. Regular client feedback and satisfaction sunieys. Monitoring of tapering progress and health outcomes through National Drug Treatment Monitoring System, part of The Office for Health Improvement and Disparities. Assessments of changes in stigma and community attitudes through pre- and post-programme surveys. Documentation of advocacy interventions and their outcomes. Mood Tracker that monitors our clients, anxiety, happiness and social inclusion. Monitor client's wellbeing, diet, sleep hygiene and housing. Long-term use of Benzodiazepine, Z Drugs, pain killers and other similar prescription drugs of dependence has caused adverse physiological and neurological effects to over 3.9 million people in England. This is a serious health problem. The average time people are supported by PostScript360 ranges from 9-24 months, depending on the length of time taking the drug, the quantity and the type of drug. We continue with an in depth inhouse monitoring system of clients because many of our clients do not want to give their consent for PostScript360 to share infomiation with other parties, such as National Drug Treatment Monitoring System (NDTMS), Early Intervention Services, Adult SeNices, Mental Health Services, GP Practices and Housing Providers. To overcome this, our practitioners explain to the clients the importance of being a part of collecting data that helps monitor the current landscape of prescription dependency which has improved from last year. Comparisons bebmeen client consent over years: 321 Clients April 2022 to March 2023 NHS and other Health SeNices Early Intèrvention Servlces io '.% Adult Services Education Support Services Voluntary Sector Organisatlons National Drug Treatment Monitoring System INDTMSI GP & Surgery Social Care
Page-8 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 490 Clients April 2023 to March 2024 NHS and other Health Servlces Early Interventlon seICe$ 30 Adult Services 23 Education Support Services 24 Voluntary Sector Organisatlons National Drug Treatment Monltorlng System INDTMSI GP & Surgery Social Care Dependence and other health illnesses. Most people on our caseload reported they have anxiety disorders (95 % ) and depression (61 % ). People presented to PostScript360 with more than one health illness, and several had a combination of several illnesses. 350/0 ADHD 28 % menopause 28 % people waiting for a diagnosis 26 % post-traumatic stress disorder (PTSD) 24 % sexual abuse and trauma 220/0 back injury 14 % bipolar disorder 120/0 Neurological Disorder 9 % borderline personality disorder 80/0 eating disorders Additionally, life events such as bereavement, divorce, work-related stress, and financial crises can drive people to seek solace in these medications. We are also seeing a rise in older adults purchasing illegal prescription drugs online. This often occurs when their GP or psychiatrist has stopped their prescription, or when patients believe they need more medication and resort to illegally sourcing it, often without their docto¢s knowledge.
Page-9 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 In 2023124 we supported more females, and the average age group was 31-54 years of age Gender rvlale w FeinalE m Non-blnary people Age 18% 27Yo 18- 30 year5 31- 54 years 55+ plus years 550A Fundin Primary care and the NHS service direct people to PostScript360 however the ICB (Integrated care board) has not commissioned our service. Many grants giving charitable trusts and the National Lottery Community Fund will not fund our us because they believe PostScript360 should fall under statutory services provided by the NHS or Government. The CEO and the Trustees are actively looking at different avenues for income from hosting a large fundraising event annually, income from the private sector and the CEO spending more time on grant applications. challen es
Page-10 Company no.. 03169578 Charity no: 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Flnancial Review PostScript360 ended this financial year with a shorlfall. We have grown and improved our service delivery with a 94 % success rate. The charity has demonstrated model solutions: innovation, problem solving for our clients, creating, capturing data and evidencing practical solutions that support clients. Our advocacy efforts have successfully influenced many health professionals to get the best outcome for our clients, their patients, and at the same time educated them of the harms of these drugs and the benefits of safe taper schedules. The legacy of the pandemic has affected our financial performance and strategic position and we are still playing catch up. We have already gained more support from charitable trusts in 2024, we still have more to do and want to be more sustainable in the future. We have grown our contributions income., this is where clients pay a small percentage towards their treatment and the charity subsidies the rest. We ask clients who are employed to pay more. PostScript360 employed an additional trainee Recovery & Wellbeing Practitioner with the increased demand of the need for our service. Investment Polic The charity has no long-term investments, its primary asset is cash in the bank. The Trustees are being prudent with the charity's free reserves until economic stability returns. Time and effort have been spent over several years to have our service commissioned which has never materialised. The landscape of funding and fundraising has changed. This may result in opportunities for the charity to work in partnership with other services. Other avenues of income need to be addressed. The CEO and the trustees are exploring other avenues such as offering for our services to the private sector and companies, as well as improving our digital presences allowing us to provide our services throughout England & Wales. The Trustees, through their connection with the music industry are aiming to have an annual event to raise PostScript360's profile and income. Goin Fordvard The main aims for the Board of Trustees for the next financial year are to recruit more trustees and to seek professional advi for more insight and perspective in the business side of the charity's sustainability. We aim to offer our service into the private sector, bringing in extra income that will support more vulnerable people in need of support. The Board of Trustees and staff team aim to continue the services offered by the charity and to help more individuals who are harder to reach. The priorities are.. To host our seniices in GP practices through the Southwest by the end of 2025. To grow our 360 Clubs, peer to peer groups, To increase our contribution donations towards their therapy for those who are employed. To introduce a private seNice for those who can pay the going rate of our service. To introduce our services to sports clubs, universities and companies. To engage and promote prevention awareness to younger people, and to support those who need help now at universities, colleges and in the wider community through music events. To grow our income through applications to charitable trusts, local council grants and company charity of the year support.
Page- 11 Company no: 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 To promote awareness to larger audiences of the dangers of buying benzodiazepines and other similar prescription drugs online, through short information videos via social media, presentations, and events. To be known as the 'go-to' organisation for support and expert knowledge of the effects of benzodiazepines and other similar drugs by the health professionals and practitioners through conferences. partnerships and collaborations. Reserves Polic PostScript360 recognises the importance of maintaining an appropriate level of reseNes to allow for contingency planning or action. The Charity's reserves policy is to hold from three to six months, operating costs. This is in the event of the charity having to wind down meeting all its financial obligations. The trustees are aware of the importance for the charity to have enough funds to grow its capacity and to be able to weather the storm if we have another pandemic. During this time, whilst the charity adjusts to the economic changes, we intend to build up our reserves, to expand our seniices by securing different income streams to have more sustainability certainty for the future. Princi al Fundin Sources PostScript360 drew down on its reserves in 2023 - 2024. The charity reiVed grants from The John James Bristol Foundation, Cost of Living grant from South Gloucestershire, Celtic Connection Fund and Douglas Family Charitable Fund administered by the Quartet and contribution donations from clients and their families. Risk Mana ement The Board of Trustees will annually review the major risks to which PostScript360 is exposed. Vthere deemed appropriate, systems andlor procedures have been established to mitigate the risks the charity faces, Control risks are minimised by the implementation of financial controls which are regularly monitored and updated. A Risk Management Policy, Financial Policy and Health and Safety Policy are in place and followed to ensure compliance, for the protection of staff, volunteers and charity. Structure Governance and Mana ement Governin The organisation is a charitable company limited by guarantee incorporated on 08 March 1996 and registered as a charity on 01 July 1996. The company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required Document
Page- 12 Company no.. 03169678 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 to contribute an amount not exceeding £1.00. In 2020 the Memorandum of Association of the charity was updated and reviewed by the Board of Trustees this was replaced with Articles of Association. Recruitment and A ointment of Trustees The number of trustees shall be not less than three but shall not be subject to any maximum. At each annual general meeting, one third of the trustees who are subject to retirement or reappointment by rotation. If their number is not three or a multiple of three, the number nearest to one third shall retire from office or reappointment. The Charity Governance Code recommends a maximum period of 9 years but if there is only one trustee who is subject to retirement by rotation, helshe shall retire. The trustees to retire by rotation shall be those who have been longest in office. Trustee Induction and Trainin New trustees are provided with a full induction to the organisation, covering the roles and responsibilities of Board members, operational, financial and health and safety policies, services and activities, and the Strategic Plans of the Charity. Reference and Administrative Details of the Chari PostScript360 is a company limited by guarantee and a registered Charity. Registered office: 1st Floor, East Wing, The Kingswood Estate, Britannia Road, Kingswood, Bristol BS15 8DB Registered Company No.. 03169578 Registered Charity No.. 1056508 Trustees and Directors on March 31 2024 Ms Sophia Knight Ms Michelle Wynne Ms Dionne Smart Ann Deamer Bankers Charities Aid Foundation (CAF) Bank 25 Kings Hill Ave, Kings Hill, West Malling ME19 4JQ
Page- 13 Company no.. 03169578 Charity no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Examiners Harwood, Lane & Co Chartered Accountants and Registered Auditors Units 1-4 Crossley Farm Business Centre Swan Lane, Winterbourne Bristol, BS36 1 RH Statement of Trustees, res onsibilities The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practices). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the applicable Charities SORP, Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Members of the Board Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report. In accordance with company law, as the company's directors, we certify that.. so far as we are aware. there is no relevant accounts information of which the independent examiners are unaware.
Page- 14 Company no= 03169578 Charily no.. 1056508 POSTSCRIPT 360 LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 as the directors of the company we have laken all the steps that we ought to have taken to make ourselves aware of any relevant accounts information and to establish that the charily's examiners are aware of that information. Inde endent Examiners Harwood Lane & Co were the charitable company's independent examiners for the year and have expressed their willingness to continue in that capacity. Approval This report was approved by the Board of Trustees on and signed on its behalf. Name., Sophia Knight Chair of Trustees
Co Reg.. 3169578 CC Reg.. 1056508 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE Page- 15 POSTSCRIPT 360 LIMITED I report on the accounts of the Company for the year ended 31 March 2024, which are set out on pages 16 to 24. Respectlvo re$pon8lblllties of trustees and examlner8 The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the ex8mination by being a qualified member of the Institute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is nol subject to audit under company law and is eligible for independent examination, It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the General Directlons given by the Charity Commission under sectlon 145{5)(b) of the 2011 Act- and to state whether particular matters have come to my attention. Basis of Independent examlners, report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those rerds. It also includes consideration of any unusual items or dlsclosures in the accounts, and seeklng explanations from you as truslees conceming any such matters. The procedures undertaken do not provide all the evldence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a true and fair view, and the report is limited to those matters set out in the statement below. Indopendent examlnor's statement In connection with my examination, no matter has come to my attention.. which give me reasonable cause to believe that. in any material respect, the requirements.. to keep accounting records in accordance with s386 of the Companies Act 2006., and to prepare accounls which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practlce.. Accounting and Reporting by Charities have not been mel., or to which, in my opinion, attention should be drawn in order lo enable a proper understanding of Ihe accounts to be reached. d Io(w Davld Cox F.C.A. For and on behalf of Harwood Lane & Co Chartered A¢countants and Statutory Auditors Unils 1 4 Crossley Fann Business Centre Swan Lane Wlnterbourne BRISTOL 8S36 1RH Date: 21 d()wJwsf42 Ipi
Co RÈU.. 3169578 CC Reg.. 1056508 Page-16 POSTSCRIPT 360 LIMITED BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSET INVESTMENTS CURRENT ASSETS Deblors Cash al Bank 159 191,949 123,772 123,772 192.108 CREDITORS: amounts falllng due wlthln one year -2,922 -3,094 Net Current Assets 120,850 189,014 Total Assets Less Current Llabllltles £120.850 £189,014 CAPITAL AND RESERVES General Reserve Reslricled Reserve 10 10 120,850 189.014 CharSty Funds £120,850 £189,014 The Directors considers that the company is entitled lo exemptlon from the fequiremenl lo have an audll under Ihe provisions of s.477 01 the Companies Act 2006. Members have not required the company under s.476 of the Companies Act 2006, to oblaln an audit for the period ended 31 March 2024. The Directors acknowledge their responslbililies for ensuring that the Company keeps accounting records which comply with s.386 and s.387 of the Companies Act 2006, and for preparing accounts which glve a Irue and falT view of the stale of affairs of the company as al 31 March 2024 and of ils surpluslldeliclll for the period then ended in accordance with the requirements of s.396, and which otherwise comply wilh thè requirements of the Act relating lo the accounts so far as appllcable lo the The financial slalemenls whlch have been prepared in accordance with the special provislons relating lo companies subject lo the small Companies regime wilhln Part 15 of the Companies Act 2006 weie approved by the board on 24 2024 and are signed on Ils half. Trustee Name.. S Knloht The notes on page 19 to 24 form part ofthese accounts
Co RÈg.' 3169S78 CC Reo.. 1056508 POSTSCRIPT 360 LIMITED Page- 17 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024 SUMMARY INCOME AND EXPENDITURE ACCOUNT Notes 2024 2023 INCOMING RESOURCES Reslrlcted Unrestrlcted Funds Fund Total Total Incomo from Charltable Activltlos 13 20,000 20,000 23,000 Donatlons and Lega¢loS 14,299 14,299 9,385 Incomo from other tradlng activitles 14 Investment Income 15 314 314 616 Total Incomlng Resourcos 34,613 34,613 33,001 RESOURCES EXPENDED Cost of Generatlng Funds Fundraising Costs 16 Charitsble Activities 17 102,777 102,777 129,421 Totsl Expendlture 102,777 102,777 129,421 Transfer beeen funds 102,777 102,777 129,421 Net Incomlngl(Outgolng) Resources for the year -68,164 -88,164 -96,420 Re81ised {Ios8es)Igaln8 on Investments Unrealised (1088es)Igalns on Investments Balance brought forward 10 189,014 189,014 285,434 Total Funds Carrfod Forward 10 £0 £120,850 £120,850 £189 014 The notos on page 19 to 24 form part of these a¢¢ounts
Co Reg.. 3189578 CC R8g.' IOS6S08 POSTSCRIPT 360 LIMITED Page- 18 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Notes Total Funds 2024 Prlor Year 2023 Net Cash used In oporatlng activitles 18 8,491 -97,619 Cash Flow from Investlng activitles.. Interest and dividend5 Purchase of investments Proceeds from sale of investments 314 618 Not cash provlded by Investlng actlvlties 314 616 Cash Flow from flnancing a¢tlvltles." Repayment of borrowing Receipt of expendable endowment Net cash provlded by flnanclng actlvitles Change In cash and cash equlvalents In tho year -68,177 -97,003 Cash and cash equivalent brought forward 191,949 288,952 Ca8h and cash equivalent carrled forward £123 772 £191,949
Co Reg.. 3189578 CC Reg: 10S6508 POSTSCRIPT 360 LIMITED Page- 19 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies The principal accounting policies are summarised below. The accounting policies have been applied conslstently throughout the year and in the preceding year. (a) Basls of Accountlng The financial statements have been prepared In accordance with Ihe Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211 (issued in October 20191 {Charitles SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Post Script 360 Limited meets the definition of a public benefit entity under FRS102. Assets and liabilitles are initlally recognised at historical cost or transaction value unless otherwise slaled in the relevant accounting policy notes. (b) Preparation of the accounts on a golng concern basls The charity reported a deficit and cash outftow for Ihe year of £68,000. The charity has sufficient reserves to continue operating in the immediate fvture, for a period of 12 10 24 months and, on this basis, the charity is a going concern. As the trustees have acknowledged in Iheir report, income needs lo increase and is increasing, in tsThs of contributions, grants and different income streams. The charity is also aiming to have its sefwces commissioned which would significantly increase income. (c) Income Rocognltlon All incoming resources are included in the statement of financial activities when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy. The following Specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, donations and gifts and is included in full in Ihe Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled lo Investment income is included when receivable. Incoming resources from charitable trading aclivity are accounted for when earned. Incoming resources from grants, where related lo performance and specific deliverables, are accounted for as the charity eams the right to consideralion by its performance.
Co Reg.. 3169578 QC Reg.. 1056508 POSTSCRIPT 360 LIMITED Page - 20 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 {d) Expendlture Recognitlon Expenditure is recognised on a accrual basis as a liablllty is incuffed. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure lo which it relate5.' Costs of generatlng funds comprise the costs associated with attracling voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those cosls inCUrd by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that Can be allocated dlreclly to such activities and those costs of an indirect nature necessary lo support them. All costs are allocated betsveen the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a partlcular activity are allocated directly, others are apportioned on an appropriate basis. (e) Fund Ac¢ountlng Unrestricted fijnds are available for use at Ihe discretion of the trustees in furtherance of the general objectlves of the charity. Designated fvnds are unreslricted fiJnd8 eaalked by the Truslees for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. io Flxed Assot Investrnents Investments are stated at market value as at the balance sheet date. The Income and Expenditure account includes the net gains and losses arising on revaluation and disposals throughout the year. (g) Roallsed Galns and Losses All gains and losses are taken to the Income and Expendilure account as thèy arise. Realised gains and losses in investments are calculated as tho difference between sales proceeds and opening rnaet value (purchase date if18terl. Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Realised and unrealised gains are not separate in the Income and Expenditure account. Flxed Asset Investments 2024 2023 Quoted Shares and Corporate Bonds - histoflcal cost £0 £0 Quoted Shares and Corporate Bonds - market Value £0 £0
Co Rao.. 3169578 CC Reg.. IOS6508 POSTSCRIPT 360 LIMITED Pag8- 21 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Debtors 2024 2023 Grants Receivable Prepayments Other Debtors 159 £0 £159 Credltors: amounts falllng due wlthln one year 2024 2023 Accruals other Taxes and Social Security Costs 870 2,052 870 2,224 £2.922 £3,094 Employee costs 2024 2023 Wages and Salaries Social Security Costs Pension Contribulions 84,119 3,412 1,974 106,002 6.212 2,452 £89,505 £114 666 No employees received emolument5 of more than £60,000. Average number of employees Trustees remuneratlon and related party transactlons No members of the board of trustees received any remuneration during the year. No trustees or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2023 - Nil). Net Incomlng resources 2024 2023 Net Incoming Resources is stated after charging: Depreaalion Independent Examiners Fee (inc VAT) 870 870
Co R89: 3169578 CC Reg". 1056S08 POSTSCRIPT 360 LIMITED Page- 22 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Capltal comrnltments 2024 2023 Authorised but not contracled Contracted but not spent £nll £nil £nll £ nll Analysls of net a88ets betwaon funds General Funds Rostrlcted Funds Total Fixed Asset Investments Current Assets Current Liabillties 123.772 -2,922 123,772 -2,922 £120 850 £0 £120,850 10 Reserves At 01.04.23 Transfers Income Expendlture At 31.03.24 General ReseThes - general funds - designated funds 159,949 29,065 34,613 -102,777 91,785 29,065 189,014 34,613 -102.777 120,850 Gainsl{lossesl Total Reserves £189,014 £0 £34,613 £102.777 £120,850 11 Deslgnated reselves 2024 2023 Designated Reserves consist of.. Development Reserv8 29,065 29,065 £29 065 £29.065 Pur ose of Restrlcled Funds There were no restricted fvnds during th8 year. Pur ose of Desl nated Funds Development Reserve A Development Resetve has been estsblished to set aside funds for the purpose of the on-going development of the charity.
Co Reg.. J169578 CC Reg.. 10S6508 POSTSCRIPT 360 LIMITED Page - 23 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 Tgxatlon As a charity, Post Scrfpt 360 Limited is exempt from tax on income and galns falling within current tax legislation to the extent that these are applied lo its Charitable oblectives. No lax charges have arisen in the Charity. 13 Income frorn charltable a¢tlvltles 2024 Total 2023 Total Reslrlcted Unrestrlcted South Gloucestershire Council John James Foundation Jack Lane Charitable Trust Quartet Community Souter Charitable Trust The Foyle Foundation 5,000 10,000 5,000 10,000 4,000 10.000 1,000 5,000 5,000 3,000 5,000 £0 £20,000 £20 000 £23,000 14 Income from other tradlng actlvltles 2024 Total 2023 Totsl Restrlcted Unrestrlcted Group Work £0 £0 £0 £0 15 Investment Income All of the charilles investment income of £314 {2023 £616) arises from money held in interest bearing accounts and inveslmenls. 16 Dlrect charltable expendlture 2024 Total 2023 Total Restrlcted Unrestrlcted Fundraising Costs £0 £0 £0 £0
Co Reo.. 3169578 CC Reg.. 1056508 POSTSCRIPT 360 LIMITED Page - 24 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total 17 Charltable acllvltles Restricted Unre8trlcled Salaries Postage Photocopylng and Printing IT Costs Training Subscriptlons and Publications AdvertisinglPromolion Telephone Bank Charges Rent and Rates Insurance Repairs and Renewals Payroll Bureau Miscellaneous Expenses Book-Keeping Independent Examination 89,505 89.505 114,666 218 360 2,328 395 490 435 3,184 226 4.288 727 51 421 266 496 870 217 420 217 420 482 815 3,263 294 5,054 751 84 316 201 498 870 482 815 3,263 294 5,054 751 84 316 201 498 870 £0 £102,777 £102.777 £129 421 18 Reconciliatlon of net movements In funds to net cash flow from operatlng actlvltles 2024 2023 Net Movement in funds Deduct interest income Decrease (increase) in debtors Decrease {Increa8e) in stocks Increase (decrease) in creditors 48,164 -314 159 -96,420 -616 -159 -172 424 Net cash usod In operating actlvltles £68,491 £97,619