REGISTERED COMPANY NUMBER: 03250972 (England and Wales) REGISTERED CHARITY NUMBER.. 1058294 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR S.P.A. (PEGGY DODD) BATH Owen Limited Chartered Accountants & Financial Advisors
S.P.L (PEGGY DODD) BATH COLYfENfs OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 Page Strategic Report I to 5 Report of the Trustees 6 to 7 Report of the Illdependent Auditors to 11 Statement of Financial Activikneg 12 Bal¥nee Sheet 13 Cash Floiy Statement 14 Note5 to the Cash Flow Statement 15 Notes to the Financial Statements 16 to 24 Detalled Statement of Flnancial Actlvities 25 to 26
S.P.A. (PEGGY DODD) BATH STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 Chairman's Report As we move into the new financial year. the Peggy Dodd Centre has become a centre of excellence undcr the watchful eye of Ricky and the am. We have a team of staff who are caring and dedicated to the cause and are supported by the volunteers who give up their time to support our clients. Horne support Continues lo grow and offer a source of support in the hortLC but also those who would like to expcTience tbeir local cornllLunity but may not have the confidcnce to do so alone. Our home sitters go abov¢ and beyond to care for the clients and work closely with their loved ones to build a relationship which is trusting and open. The d¢mentia caf¢ Continues to grow and be a vital support network for those caritLg for sonone living with dementia. The monthly sessions are inteTactive and give a platform for people to open up aboul their experiences. We would like to acknowledge the support we have received from senior commissioning staff at B&NES and HCRG over the year. The lo1 Council Core wt contact with HCRG for the Day Centr¢ lasting until 31 March 2024 has been extended to 31 March 2025 which continues to give us a sound financial plaiforni for both the Immediate and the longer period. The Trustees continue to be cornmitted to maintaining our reputation for excell¢nt Service and continue give their time, knowledge and experience to nTrke sure we grow and move forward. Structure, Governan¢4 and Management The or8anis&tion is a charitable company limited by guarantee, InrPorated on 17 September 1996, and registered as a charity on 26 Septenkner 1996. The company (which took over the work of Support for Relatives of the Mentally thfllm) was established under a Memorandum of Association which established the objects and powers and is governed under its Articles of Association. In the event of the company being wound up rnembers are required to contribute an amount not exceeding one pound. The Board of Trustees consists of up to fifteen members who n]eet six times a year and administer the Charity. The Trustees are Directors of the Company and are elected from amongst the members of th¢ company on an annual basis at the Annual Genwal meeting. Any member of the Charity may make nomination& and all Trustees r¢tire each year and are eligible for rewelection, without any age restrictio Currently there are seven Trustees, mostly retired people (but still very active) including carers, teachers, social workers. admiillstrators. business and other professionals, providing w with a good spectnun of ¢xperienG¢ and input. A number of Trustees have had relatives who were looked after at the Peggy Dodd Centre. and this provides an additional understanding of our needs. We are fortunat¢ to have Trustees with the professional skills necessary to oversee the administrative and financial system& and these Trustees ensure a bSineSS11k¢ approach to running the charity. The Tnte¢S are aware that when vacancies arise, they may need to broaden the range of expertise available to the Charity. The Trustees are aware of their responsibiliii¢S in respect of safeguarding, GDPIU and other reporting issues. The charity has been compliant with the GDPR regulations. The financial statements ar¢ audited ¢a¢h year to ensure the integrity of the charity. The management t¢am in the organisation consists of a CEO and a finance manager who manage the day to day running of the charity and meet regularly together and with the trustees. Tru5te¢ Induction gnd Training SPA ha5 a very stsble and loyal membership, and the majority of Trustees have been in place for the past few years. All Trnstees have either relevant professional experience or have been involved with the charity as ¢arers or volunteers. The benefits of ¢xperience are balanced by current use of legal, mallagement aud administrative expertise. Tbe changing regulatory world means that new Trustees should be recrnited with specific skills, experience and knowledge. The majority of our Trustees live in Bath. and are well known in the local communities Page I
&P.L (PEGGY DODD) BATH STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 Rlsk assessment Our contract for the provision of Day Centre s¢rvices wa5 up for renewal on 31 March 2024. but has been extended for one year until 31 March 2025 by HCRG and we have just been informed that it has been provisionally extended on a bridging contract to Ikcember 2025. We ar¢ currently undertaking a review of our reserv¢s and risk assessmenL one of our biggest risks is the cut to this funding. This is kept under close review and our rrVeS are sufficient for us to manage this whilst we sought grants from other third partles or moved towards a 11 cost recovery from clients. This financial year we have a surplus due to large legacies and some one-off gifts and the utilisation of this will be discussed later in the reporL An annual budget is set by the Trwtees the reserves situation in mind. The trustees receive quarterly budget and reports with analysis for their Teview and consideration. Charitgble Objectives The Charity was established to continue the work started nearly 30 ycars ago by Mrs Peggy Dodd to promole the relief of elderly mentally infinn persons and their responsible relatives and other ¢arers, by the provision of supporting service, such as day Care, bome sitting, support and advice. A furth¢r objective is the promotion of knowledge about and awattnes5 of the nature of dementia and memory loss, and the needs of patienls and carers. In furtherance of these objectivcs. the Charity raised fund5 to purchase, equip. and op¢rat¢ a Day Centre which is now open fivc days a week for 60 clicnts who arc &sses5¢d as sufferiug from mild to severe dementia. The maintenance of a higb-quality standard of servi¢¢ offered is our first priority. Each year the Trustees revi¢w the chwiws objectives and activities to ensure that they continue to reflect our airns. In carrying out this review, the Tn]ste¢s have considered the Charity Commission's general guidance on public benefit. Activities for Publle Benefit The Day Centre and Home Support services continue to be the main focus of the Charitys activities. Whilst there is an increasing &w&neSS of the needs of people with dementia and ntrmory loss, alld of the separate and individual needs of their carers for inforn]ation and support, our carers often tell us at the Centr¢ of what they desperdt¢ly need is "time out" from the relentless demands of looking after someone with this illness. Our monthly Dementia Café has re-opened on the first Saturday of each month. and helpers provide support for carers and the one they care for. Grants and donations enable us to provide additional aetivity-bascd resL)urces for our clicntb. Combe Down Holiday Ttnst supports our Dementia Café work. We have execllent working relationships with PHE, Rcmind, HCRG Carc. B&NES Social Services for Older People, B&NES CITT, Alzheimels Sociery. Care Fornm, AGE UK, Bath College. GPS atLd other medical ageDcies in Bath. Clients are accepted purely on their needs and whether they fit our medical criterta without regard to colour. race or creed or sexual ori¢ntation Achlevements and Performance This year saw day centre become an 'Award Winning, Centre after the Bath Life Awards where w¢ were descnl)ed by thc judges as A beacon for care centres around the county fighting for such a vital cause". We continue to be a vital support system for individuals livingF WLth dementia alld their families. We now offer over 15,000 spaces per year for those living with dementia to receive dedicated care. providing a welcoming and stimulating environmetit and respite for their loved ones. This year saw 12,899 spaces booked which was an Increase of120/0 over the prior year. Page 2
S.PA. (PEGGY DODD) BATH STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 Our dedicated staff and volunteers provide compassionate and invaluable support to our clients and their families. With a deq) understanding of the challenges faced by those with d¢menti4 they create a warni, welcoming environment that fosters dilty and respecL Whether offering personalised care. emotional support, or companionship, the team gocs above and beyond to ensure each individual's needs are met. Thelr commitment to enhancing the quality of life for clients is evident in the tijne. patience, and empathy they bring to their roles, creating a comttllity of ¢ar¢ that is both professional and heartfelL Seeing the clients smile and laugh, tsking part in fun Stimulating activities has b¢come a daily occurrence and something we have become known for across B&NES. One of the significant successes of the Day Centre is its ability to provide respite for caregivers. Many families wing for a lov¢d one with dementia experienc¢ bigb levels of stress and burnout. By offering a fidl-day service, the centr¢ allows caregivers some time to rest or attend to other r¢sponsibilities, knowing their family member is in safe hands. This not only improves the quality of life for the person with dementia but also for their entire support networL strengthening the well_being of caregivers. Our Home Support S¢rvice provides respite in the client's own home, allowing carers to take some tim¢ off knowing that their dep¢ndant is safe and happy. The services is highly valued by carers and their comments show that the services provides great sensitivity to the individuals, needs and interests. Sometime the carers are able to take the clients out for a walk or short drive. Referrals come from the Day Centre. Social Services. GPS or family. All staff continue to receive appropriate and up to date training. This year we have scen some projects at the centre complete and other project8 getting closer to being finished, ready for 2025. After year end, we completed the installation of a call system throughout the building which adds extra safety for all clients and staff should anyone need support with situations like falls. help in the toilets or any issues in the rooms. We have now received planning permission for our garden room which will see a lovely space built in our beauti1 garden which will allow us to deliver more includitLg therapy sessions. Both these projects bave been fimded by the Margaret Fisher Trust which will not only benefit us now, but for many many years in the fith]r¢. Thank you so much to Margaret Fisher TNst for their continued support. The Frlends of Peggy Dodd As ever, The Friends of Peggy Dodd have held events at the centre throughout the year which have involved the local ommunity. Quizzes, plants sales, home baked cakes have proved popular again and can we take this oppornIty to thatjk those who have baked, supplied plants, prepared fun quizz¢s and supplied raffle piiz¢5. In total this year. these events have raised over £7,000. An atnazing achiev¢rnent. We continue to raise the profile of our name so that more people in Bath are aware of the work we do. We are gr2teOJl to local organisations who opt to make us their 'chariry of the yearf. Also, to those who have organised events away from the centre, raising money for Peggy Dodd. These include the Open Gardens at Newbridge and the Paclthorse at South Stoke. Our thanks go to all our volunteers and friends for their time and hard work so generously given. Mrs Gill Garllngton as chair of Friends has been keeping in touch with volunteers. If you would like to join the band of enthusiastic belpers, please contart her via the centre on 01225 835520. The need for funiL5 continues and we are gratefiil to all who help or 51WPOrt in any way. Financial review This year our income was £928k with wStrICted incom¢ b¢ing £827k and restricted income being £101 k compared to the prior year of income of £811 k (£741k unrestricted and £70k restricted). This is an increase over the prior year mainly due to 2 large legacies received and a £98k restricted grant received from f*largaret Fisher Trust. Our fundillg from the Core Funding Grant (B&NES) contract represented 16.10/0 of our total unrestricted income and was for the Day Centre service including the Margaret Fisher unit. We have benefitted from generous donations. often given in memory of a loved one and also in addition to the legacies we received some large, unexpected donations in total £33k. Page 3
(PEGGY DODD) BATH STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 Our costs for the year being £725k with ow largest costs b¢ing staff running the day c¢ntre and our home support services compared to £755k in the prior year. The highcr costs last year included significant building related expenditure. We have ended the year with a large surplus however this is not reflective of the ongoing balance of income and expenditure. We have a restricted surplus of £71k which is mainly due to the receipt of funds frojn Margaret Fisber which have not be spent yet. They will be fimding our garden room as well as other projects and w¢ expected this to be utilised over the coming months. ID additional to this we are also showing a £131k sutplll8 in unrestricted fijnds. This is mainly due to receiving 2 large legacies and the UDexp¢¢ted donations and our costs were slightty lower than expected due to Staff vacancies. The Trustees made the decision to keep these fimds in the r¢serves in the year while we rnanage the rising costs of the organisation and the uncertainty of the Core Funding Grant (B&NES) and ensuring client recharges are kept at a lower level. Looking forward to 2024ll5, this sutplus carried forward has enabled us to approve a deficit budget which will utili5e some of these UDr¢stricted reserv¢& this is due to incre&sed staifing costs, utility bills and other cost of living increases and tying to keep the rate charged to clients as low as possible. Our r¢s¢tves policy is being reviewed at the monnt but the premise behind it remains the same that we want to hav¢ al least six months of expenditure and a provision to manage any redudion in the Core Funding Grant (B&NES). As we arc still in a period of uncertainty, the trustees consid¢r the current unrestricted reserves of £566k to be at a reasonable level when you take into account the deficit budget in place for 2024125, the rising costs and the uncertainty around ture grants. We continue to receive many individual donation5 and it is heartenTrng to know that many continue to support our work by one off donations or standing orders. We are gratefid for the gifts and donations that have been received from: Margaret Fisher Trnst Ken Biggs CharitabEe Trust Combe Down Holiday Tnt MGP Community and many other groups and individuals Melly Trust Holy TrAnity Comb¢ Down PCC Batb Disability Trust Future pl4n5 As populations continue to age. the number of people living with dementia is expected to rise shaly. Th¢ fvturt of dementia re, prevention, and treatment will likely be shaped by technological advances, changing societal attitths, breakthrougbs in medical science, and shifts in health policy. With this in mind. we will not only continue to deliver our award-winning care but anticipate the challenges aud opportunities that may em¢rge in managing dementia in the coming decades. The first thing and most important in the short teTm is securing fimding for the organisation! This next year we will be tendering for a new contract with Batb and North East Somerset COU11 which will support us lo continue to offer a low cost and high quality service to thos¢ affected by dem¢ntia. Other sources of incom¢ will continue to be vital, this will ran8e from fijndraising events, grants. gifts and busin¢ss support. After Successfully gaining planning pennission to build a garden room on the back of the centre, we will now begin to move the project forward by completing ground works to then have the new slnJctur¢ built. Once complete, this n¢w space will allow us to deliver a variety of sessions. including therapy-based activities for our clients. Deliveiing a well-resp¢cted and centre for excellence is imwrtant but we need to continue to raise the profile of our work to reach more people affected by dementia. Using te¢hnology. social media and our wide range of partners, we can reach out to the most hard to reach people to make sure ev¢ryolle has the opportunity to benefit from our work. Page 4
STr.A. (PEGGY DODD) BATH STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 Changing perceptions of delllltia and care work is an area we hav¢ been successfjJl in but w¢ will extend our offer in the next year to allow more people to learn and gain an understanding of dementia. We have good IiDks with Bath College and numerou8 second&ry schools who we work closely with to offer regular opp¢)rtunilies for young people to gain work experience. We will offer more awarenes5 training sessions which are open to anyone to learn about dementia. The future of dementia is both challenging and hope1. While the global burden of d¢mentia will increase as populations ag¢, advances in medical research. technology, and societal understanding offer the potential to transform the way we di805c. treat, care for people with dementia. By embracing these innovations and addressing the ethical and policy challenges they present, we can work towards a futtwe where the impact of dementia is lessened, and those affected by the condition call lead fidler, more dignified live5. Approved by order of the board of trustees on 6 Nov¢rnber 2024 and signed on its bebalf by.. Trnstee Page 5
S.PA (PEGGY DODD) BATH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The truste¢s who are also directors of the charity for the purposes of the Companics Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have &dopted the provisions of 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 l January 2019). STRucfuRE, GOVERNANCE AND MANAGEMENT GoverniDg d(Jcument The charity is controlled by its governing docum¢nL a dttd of trust. and constitutes a limited cornpany, limited by guarante4 as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAJIS Reglstered Conwany number 03250972 (England and Wales) Reglstered Charity number 1058294 Registered office The Peggy Dodd Centre Brierley House Summer Lane Combe Down BA2 5JX Trustees L Daws D Hill F Halsoll T J Dewes G Garlington M Klestadt (resigned 7.9.24) A Hodges D C HUghd0 FCA (appointed 1.9.24) CompAny Secretary K Talbot Auditors PG Owen Limited charted Accountants 124 High Street Midsomer Norton Bath Avon BA3 2DA Bankers Barclays 5 Southgate Street Bath BAI IAQ STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of S.P.A. (Peggy Dodd) Bath for the Purposes of cornpany law) are Tesponsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounting Practicc). Page 6
S.PA. {PEGGY DODD) BATH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMEIYT OF TRUSTEES, RESPONSIBILITIES- contlnued Company law requires the truste¢5 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resour¢¢$ and application of resources, including the income and expendIre, of the charitable Company for that perio(L In preparing those fmancial statements, the trustees are requircd to select suitable accounting policies and then apply them consistently; observe the methods and principles in the CbaTity SORP; te judgements and estimates that are re&sonable and prndent; prepare the financial statements on the going concern basis unless it is inappn)priate to presum¢ that the charitable company will continue in business. The trustees are responsible for k¢eping proper accounting r¢cords which disclose with reasotthle arcuracy at any time the financial position of the Charitable company and to enable them to ¢nsure that the financial statements cornply with the Companies Act 2006. They are also responsible for safeguarding th¢ assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as tb¢ tnjstees are aware: there is no relevant audit inforn)ation of which the charitable companys auditors are unaware" and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infornution alld to establish that the auditors are aware of that Infornti0n. AUDITORS The auditors, PG Owen Limited. wtll be proposed for r¢-appointment at the forthcoming Annual Genernl Meeting. Approved by order of the board of trustees on 6 November 2024 and signed on its behalf by: Tntee Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF S.P.A. (PEGGY DODD) BATH OpiDion We have audited the fllwicial statements of S.P.A. (Peggy Dodd) Bath (the 'charitabEe cornpan) for the year ended 31 March 2024 which compris¢ the Statement of Financial Activilies, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a SUMM of significant accounting policies. The financial reporting frarnework that has been applied in their Preparation is applicable law and United Kingdom Accounting Standard8 (United Kingdom GeneraIly Accepted Accounting Practice). In our opinion the financlal statements: givc a trne and fair view of thc state of thc charitable CoMpanS affairs as at 31 March 2024 and of its incoming resources and application of Tesources, including its incoTnc and expenditure, for thc year then cnded- have been properly prepared in accordance with United Kingdom Generally Acccpted Accounting Practice: and have been prepared in accordallce with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with IntcrnationaI Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fiM1her described in the Auditors, rcsponsibilities for the audit of the financial statements scction of our rcport. We atc Itependent ofthe cftwitable company in accordance with the ethical requirements that arc relevant to our audit of the financial statements in tbe UL including the FRC'S Ethical Standard. and wc have fulfillcd our other ethical responsibilities in accordance with these requircments. We believ¢ that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oplnion. Concluslons relaling to going Concern In auditiDg the fu]an¢ial statements, we have concluded that tb¢ tntees, use of the going concern basis of accounting in the preparation of the fmancial stat¢rnents is appropriate. Based on the work we have perfornied, we have not identified any mat¢rial uncertainties relating to events or condition5 thal individually or collectivety, may cast SIlficant doubt on the charitable companys ability to continue a8 a going con¢eTn for a period of at least twelve months from when the financial statements are authorised for issue. Our responSi]IltieS and the responsibilities of the ttlees with respect to going concern are described in the relevant sections of this report. Other information The trSteeS are responsible for the other inforniatlon. The other inforn]ation comprises the inforniation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforntIon and. except to the extent othetwise explicitly stated in our repoit we do not exp8 any fonn of &8suraDce conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inf0rn1ation and. in doing so. consider whether the other InforntiOn is materially inconsistent with the fmancial Statements or our l(nowledge obtained ill the audit or othcrwise appcars to be tnatcrially mi5Stated. If wc identify sucb matyial inconsistencics or apparent rnatcrial misstat£tncnt4 we are Tcquir¢d to dctemiine whcther this givcs rsse to a Tnaterial misstatement in the financial statements thcmselves. If. based on thc work we have perfornied, we conclude that there is a terial misststement of this other inforntion. wc are required to report that fact. We have nothing to report in this regard. Opirrions on other matters prescribed by the Companies Act 2006 In our opinion, bas on the work undertaken in the course of the audit: the infOrntiOll given in the Strategic Rcport and thc Report of the Tntee5 for the financial year for which thc financial statements are prepared is consistent with the financial statements" and thc Strategic Rcport and the Report of the Trllstr has bew prepared in accordance with applicable legal r¢quirements. Page 8
REPORT OF THE llYDEPENDENT AUDITORS TO THE MEMBERS OF S.P.A. (PEGGY DODD) BATH Matters on which we gr¢ required to r¢port by exception In the ligbt of the knowledge and understanding of th¢ charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Report of the Trusttts. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you 1£ in our opinion- adequatc accountillg records have not been kept or returns adequate for our audit have Dot been received from branches not visited by us. or thc financial statemcnts are not in agrcement with thc accounting records and returns" or certain disclosLwes of ttees, rellmmeration specificd by law are not made: or we have not received all the informatioll and explanatio$ we requirc foi our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Rcsponsibilities. thc tn]stees (who are also the directors of the charitable company for the pwposes of company law) arc respOnsile for the preparation of the financial statements aDd for beillg satisfied that thcy give a trne and fair view. and For such internal control as thc trustees detern]ine is nece&sary to enable the preparation of financial statements that arc free from material misstatemcn¢ whether due to fraud or crror. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to ontinue as a going wncern, disclosing, as applicabl¢. matters r¢latrd to going roncern and using the going roncern basis of accounting unless the trustees either intend to liquidate the charitable company or to ceasc operations, or have no r¢alistic alternativ¢ but to do so. Page 9
REPORT OF THE INDEPENDENT AUDfTORS TO THE MEMBERS OF S.PA. EGGy DODD) BATH Our responslbllities for the audlt of the fmallcial Statements Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that inchjdes 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 whcn it exists. Misstaternents can arise from fraud or ernr and are considered material if, illdividually or in the aggregate, they could reasonably be expected to iDfiucDce the economic decisions of users taken on the basis of these financial statements. The extcnt to Hthich our proccdurcs are capable of dctccting irregularities. including fraud is dctailed below: Our approach to identifying and assessing the risks of material misstatemellt in respect of itregulatities. includiDg fraud aTMI tLOll-compliance with laws and reationS, was as follows" the engagcment partner ensured that the engagement tcam collectively had the appropyiate compctence, capabilities and skills to identify or reColse non-compliance with applicable laws and regulations. we identified the laws and regulations applicable to the company through discussions with directr)rs and other rllanagcmen¢ and fro]n comllLCTcial knowledge alld experience of the chaTitable care sector. we focused on specific laws and regulations which wc considered May have a direct material cffect on the financial statements or thc operations of thc company, inclllding thc Companies Act 2006, taxation legislation and dats protection,anti-bribery, employment. cnvironmenthl and health and safety legislation" we assessed the extent of compliance with the laws and regulations identified above through making enquiries of t[WgeMent alld inspectiDg legal cOeSponden¢t. and identified laws and regulations were communicated within the audit team regularly and the team remaiDcd alert to instances of non-compliance throughout thc audit W¢ assessed the susceptibility of the chaTitys fitwicial slatements to material n]isstat¢ment, including obtaining an understanding of how fraud might occur. by" making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations'and understanding th¢ desigtL of the Chlty'S r¢muneration policies. To address the risk of fraud through management bias and override of controls, we" perforn]ed analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transacttons. assessed whether judgements and assumptions rnade in detemiining the acwunting estimates were indicative of potential bi&s- and investigated the rationale behind significant or unusual transactions. In response to the risk of irreantieS and non-complignce with laws and relationS. we des1cd procedures which includcd. but were not lirnitcd to.. agreeing financial statcmcnt disclosures to undcrlying supporting documentation reading the minutes of meetings of those chargcd with governance. cnquiring of managemcllt as to actual and potcntial litigation and Claill. and revicwing correspondencc with HMRC, relevant Icgulators and the cotllpally's legal advisors. There are inherent lirnitations in our audit procedurcs (kscribed above. The more removed that laws and reglllations are from financial transactions, the less likely it is that wc would become awarc of non-compliance. Auditing Standards also limit the thc audit procedures requircd to identify non-compliance with laws aud rcgulations to enquiry of the directots and other management and the inspection of regulatory and legal COTrespondcncc. if any. Material misstatements that arise due to fraud can bc harder to detect than those that arise from eor as they may involve deliberate concealment or collusion. A fitrther description of our responsibiliti¢s for the audit of the financial statements is located on the Financial Reporting Council's website at wmv.frc.org.uklauditorsresponsibilities. This description fomis part of our Rep)rt of the Independent Auditors. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF S.P.A. (PEGGY DODD) BATH 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 pennitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have fonned. R N Browning BA for and on bchalf of Chartcred Accountants 124 High Street Midsomer Norton Bath Avon BA3 2DA ons) FCCA CA FAIA (Scnior Statutory Auditor) Tnited 6 November 2024 Owen Limited Chartered Account8nts & Financial Advisors Pagell
S.P.A. (PEGGY DODD) BATH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total fimds 2023 Total funds Unrestricted fimd Restricted funds Notes INCOME ND ENDOWMENTS FROM Donations and legacies 281,984 101,213 383.197 296,839 Charitable octivities To fjjrther charity's objectivcs 514,539 514.539 496.034 Othcr trading activities 30.849 30,849 18,354 Totgl 827.372 101,213 928,585 811.227 XPENDITURE ON Raising funds Charitable actlvities To rther charitys objectives 715,241 10.217 725.458 754.795 Total 715,241 10.217 725,458 754,795 Net gaIns/(loe8) on investments (1,479) (1.479) (5.272) NET tNCOME Transfers between funds 112,131 18.610 89,517 (18,610) 201.648 51.160 17 Net movement in funds 130.741 70,907 201,648 51,160 RECONCILIATION OF FUNDS Total fimds brought fonvaTd 435,960 1,387,663 1.823,623 1.772.463 TOTAL FUNDS CARRIED FORWARD 566,701 1,458,570 2,025271 1,823,623 Th¢ notes forn] part of these financial statements Page 12
S.P.A. {PEGGY DODD) BATH BALANCE SHEET 31 MARCH 2024 2024 Totsl funds 2023 Total Unrestiicted fund Restricted fi)nds Not&s FIXED ASSETS Tangible assets Invc5tmcnts li 12 1,296,062 79,525 1,296,062 79,525 1,306.659 81.004 1,375.587 1,375.587 1,387.663 CURRENT ASSETS DebtOTS InveslJncnts Cash at bank and in hand 13 14 58.378 106.033 460,071 58,378 106.033 543.054 64,534 102.200 340.212 82,983 624,482 82,983 707,465 506,946 CREDITORS Amounts falling due within one year 15 (57.781) {57,781) (70,986) NET CURRENT ASSETS 566,701 82,983 649,684 435,960 TOTAL ASSETS LESS CUIIRENT LIABILITIES 566,701 1,458,570 2,025271 1,823,623 NET ASSETS 566,701 1.458,570 2,025271 1,823,623 FUNDS Unrestricted funds Restricted fijnds 17 566,701 1,458,570 435.960 1,387.663 TOTAL FUNDS 2,025,271 1.823.623 The financial statements were approved by the Board of Trnstres and authorised for issue on 6 November 2024 and were signed on its behalf by: Trustee ( T J.lJ2wQ&) The notes forni part of these financial statements Page 13
S.PA. (PEGGY DODD) BATH CASH FLOW STATEMENT FOR THE YEAR EIYDED 31 MARCH 2024 2024 2023 Notes Cash flows from oper*ting activities Cash generated from operations 207.318 34,068 Net cash provided by operating activities 207,318 34.068 Cash flow5 from invc5ting activities Purchase of tangible fixed assets Interest receivcd (3.011) 23.395 (56,282) 12.881 Net cash provided byl(used in) investing activities 20.384 (43.401) Cash flows frollj financing activities Revaluation of listed investMts (3.833) {2200) Net cash US in financing activities (3.833) (2.200) ChAnge in cash and cash equivalents In the reporting perlod Cash cash equ]vents At the beginnlng of the reportlng perlod 223,869 (11,533) 319,185 330,718 Cash and eash equivalents at the end of the reporting perlod 543,054 319,185 The notes fonn part of th¢5e fmancial statements Page 14
S.P.A. (PEGGY DODD) BATH NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET llYCOME TO CASH FLOW FROM OPEIL4TING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Ffnancial Acrfvfties) Adjustments for". Depreciation charges Losses on investrnents Interest received D¢creasel{incre&se) in debtors Increas¢l(decrease) in creditors 201,648 51.160 13,608 1,479 (23.395) 6.156 7.822 15,669 5,272 (12,881) (4,320) (20,832) Net cash provided by operatlons 207,318 34,068 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand Notice deposits (less than 3 months) Ov¢rdrafts includ¢d in bauk loans and overdrafis falling due wlthin one year 838 542,216 25 340,187 (21.027) Total cash and Gash equivalents 543,054 319,185 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net eash Cash at bank and in hand Bat]k overdraft 340,212 (21,027) 202,842 21,027 543.054 319,185 223,869 543,054 Liquid resources Deposiis included in cash Cumt asset investments 102,200 3,833 106,033 102,?00 3,833 106,033 Total 421,385 227,702 649,087 The notes forni part of these financial statements Page 15
S.PA. (PEGGY DODD) BATH NOTES TO THE FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prep8r¢d in accordanc¢ with the Charities SOPF (FRS 102) 'Accounting and Reporting by Charities: Statement of R¢commended Practice applicable to chitieS preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Cornpanies Act 2006. The financial statements have b¢en prepared under the historical cost convention, with the exception of itivestments which are included at mthet value, as modified by the revaluation of certain assels. Income All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantifled with reasonable a¢¢uracy. Legacies and donations are accounted for on receipt. Grants are accounted for in the period to which they relate. EJpendlture Liabilities are re¢ogmised as expenditure as soon as the is a legal or constructive obligation cornmitting the charity to that expendittwe. it is probable tILat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an a¢enlS basis and has been classified under headlngs that aggregate all wst related to the category. Where costs camlot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. T8ngfible fixed assets D¢preciation is provided at the following annual rates in ord¢r to write off each asset over its estimated usefvl lif¢'. Furniture & Fitting5 between l 0/ts- 33.30/0 on straight line ba5j5 No dq)reciation has been provided on the cost of Brierley House as the policy of the Trustees is to provide depreciation only where the residual value is likely to be less than the balance sheet value. Due to the expected useful economic life of Brierley House being greater than 50 years, together with an expected high residual value being obtained for the propety, the Chlty does not provide for depreciation on Bri¢rley House, subject to an annual impainnent review. During the course of the audit an impainnent revlew was perfornied by the tnteeS and it was considered that no impairnient has taken place dwing the year. Taxatlo The charity is exempt from corporation tax on its charitable activiti¢s. Fund accounting Unrestricted fimds can be used in accordance with th¢ charitable objectives at the discretion of the tn]stees. Restrictcd fillS can only b¢ used for parti¢uLar restrirf¢d purposes within the objects of the cbatity. Restrictions arise when specified by the donor or when funds are rais¢d for particular restricted purposes. Further explanation of the nature and purpose of each fid is included in the notes to the financial statements. Pension costs Ind other post-retlrement beD¢flts The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the peTiod to which they relate. Fixed thet investments In line with the Charilies SORP (FRS 102) red asset investments r¢presents an investment portfolio intend¢d to be h¢ld for more than 12 months, to generate incom¢ and capital growth for the charity. These investments are valued at open market value as at th¢ end of the accounting year with any revaluation gainllosses being charged to the Statement Of Financial Activity within that accounting year. Page 16 continued...
S.PA. (PEGGY DODD) BATH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations received Legacies Grants. PCT & B&NES 164,898 85.000 133,299 119,843 18.924 158.072 383.197 296.839 2024 133,229 2023 129.148 10.000 18.924 BANES COMF Funding Omicron Grant 133,229 158,072 OTHER TRADING ACTivfriES 2024 2023 Gifts and donations Intert and dividends 7,454 23.395 5,473 12.881 30,849 18,354 INCOME FROM CHARITAB1 ACTIVITIES 2024 2023 Artivity Day centr¢ and home Sitter support To further charity's objectives 514,539 496,034 CHARITABLE ACTIVITIES COSTS Support costs {see note 6) Direct Costs Totals To further charitys objectives 662,148 63.310 725,458 Page 17 continued...
S.PA. (PEGGY DODD) BATH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Govemance costs Management Finance Totals To further ¢lwity's objectives 28,173 25.240 9,897 63.310 NET tNCoME/(EXPELITuRE) Net incomd(expenditure) is stated after chargingl(crediting): 2024 2023 Auditors, remuneration Depreciation- owned assets 4,256 13.608 4,576 15,669 TRUSTEES, REMUNERATION AND BENEFITS There were no truste¢s' remuneration or other benefits for the Ye ended 31 March 2024 nor for the year ended 31 March 2023. Trnstees, expenses There were no trustees, expenses paid for tbo year ended 31 March 2024 nor for the y¢ar ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 459.849 27,166 29,532 438.721 26,447 28,841 516,547 494,009 The average monthly number of ernployees dwing the year was as follows: 2024 14 24 2023 14 26 Full tin Part timc 38 40 No employees rcceived ernolurncnts in exccss of £60.(K)O. Page 18 continued...
S.P.A. (PEGGY DODD) BATH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 31 MARCH 2024 io. COMPARATIVES FOR THE STATEMENT OF FL¥ANCIAL ACTIVITIES Unrestricted fund Restricted funds Totsi funds INCOME AND EIWOWMENTS FROM Donations and lewdcies 226,839 70,000 296.839 Ch¥4ritable activities To furthcr charitys obj'ectives 496.034 496.034 Other trading activities 18,354 18,354 Total 741.227 70.(M)O 811,227 EXPENDITURE ON Raising fimd5 Charitable a¢tlvltles To further charity'5 objertives 688,686 66.109 754,795 Total 688.686 66,109 754.795 Net gainsl(losses} on investments (5,272) (5,272) NET INCOMEI(EXPENDfTURE) Transfers between funds 52.541 (11,287) (1,381) 11.287 51,160 Net m0Vent in funds 41,254 9,906 51,160 RECONCILIATION OF FUNDS Total funds brought forward 394,706 1,377,757 1.772,463 TOTAL FUNDS CARRIED FORWARD 435,960 1,387,663 1,823,623 Page 19 continued...
S.P.A. (PEGGY DODD) BATH NOTES TO THE FIY4ANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ii. TANGtBLE FIXED ASSETS Fixtures and fittings Freehold propety Totals COST At l April 2023 Additions Disposals 1,2l2,Ol4 897 162,512 2.114 (2.077) 1,374,526 3,011 (2,077) At 31 March 2024 1,212,911 162,549 1.375,460 DEPRECIATION At l April 2023 Charge for year Eliminat¢d on disposal 67,867 13,608 (2,077) 67,867 13.608 (2,077) At 31 March 2024 79,398 79,398 NET BOOK VALUE At 31 March 2024 1.212,911 83,151 l.296,062 At 31 March 2023 1.212,014 94,645 1.306,659 12. FIXED ASSET ll¥VESTMENTS Listed Trnvestments At l April 2023 Revaluations 81.004 (1.479) At 31 March 2024 79.525 NET BOOK VALUE At 31 March 2024 79.525 A131 March 2023 81,004 There w¢re no investment assets outside the UK. Cost or valuation at 3 l March 2024 is represented by". Listed inveslments Valuation in 2023 Valuation in 2024 81,004 (1,479) 79,525 Page 20 ontinued..-
S.PA. (PEGGY DODD) BATH NOTES TO THE FNANCIAL STATEMEiYfs- eontlnued FOR THE YEAR ENDED 31 MARCH 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Debtors and prepayments 58.378 64.534 14. CURRENT ASSET INVESTMENTS 2024 2023 Unlisted investtDCtLts 106.033 102200 15. CREDITORS: AmOUs FALIJNG DUE wfllllN ONE YEAR 2024 2023 Bank loans and overdtafts (see nots 16) Trade creditors and accruals 21.027 49.959 57,781 57,781 70.986 16. LOANS An analysis of the maturity of loan5 15 given below: 2024 2023 Amounts falling due within one year on demand.. Bank overdrafts 21,027 17. MOVEMENT IN FUNDS Net movement Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fimd 435,960 112.131 18.610 566,701 Restricted funds Capital fund Restricted fund E,387.663 (1,479) 90.996 (10.597) (8.013) 1.375.587 82,983 1,387,663 89,517 (18.610) 1.458.570 TOTAL FUNDS 1.823.623 201,648 2.025,271 Page21 ontinued...
S.P.A. (PEGGY DODD) BATH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- contlnued Net rnovem¢nt in funds, included in the above arc as follows: Incoming resources Resources expended Gains and losses Movement in fldS Unrestrleted funds General fund 827.372 (715.241) 112.131 Restricted funds Capital fund Restricted fimd (1.479) (1,479) 90.996 101,213 (10,217) 101.213 (10,21D ( 1,479) 89.517 TOTAL FUNDS 928,585 (725,458) (1,479) 201,648 Comparatives for movement in tsnds Net movement in funds Transfers between At 31.3.23 At 1.4.22 Unrestricted funds General fijnd 394,706 52,541 (11287) 435,960 Restricted funds Capital fijnd 1,377,757 (1,381) 11,287 1,387.663 TOTAL FUNDS 1,772,463 51,160 1.823,623 Cornparative net movem¢nt in fijnds, included in the al>ove are as follows: Incoming resources Resources expended Gains and losses Movement in fimds Unrestrleted funds Gencrdl fund 741,227 (688,686) 52,541 Restrl¢ted funds Capital fimd 70.000 (66,109) (5.272) (1,381) TOTAL FUNDS 811,227 (754,795) {5.272) 51,160 Page 22 ontinued...
S.PA (PEGGY DODD) BATH NOTES TO THE FINANCIAL STATEMENfs- eontlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: Net mov¢ment in funds Transfers between fid$ At 31.3.24 At 1.4.22 Unrestricted funds 394,706 164,672 7,323 566.701 R¢strlcted funds Capital fjjnd R&stricted fimd 1,377,757 (2,860) 90,996 690 (8,013) 1.375,587 82,983 1,377,757 88,136 (7,323) 1,458,570 TOTAL FUNDS 1,772,463 25?,808 2,025,271 A current year 12 months and prior year 12 months combin¢d net rnovenuit in funds, included in the above are as follows.. Incoming resources Resources expended Gain5 and losses Movement in funds Unrestricted funds General fund ,568,599 (1,403,927) 164,672 Restrlcted funds Capital fimd Restricted fimd 70,000 101,213 (66, 109) (10,217) {6,751) (2,860) 90,996 171,213 (76,326) (6,751) 88,136 TOTAL FUNDS 1,739,812 (1.480,253) (6,751) 252,808 The Capital fjjnd represents the fixed assels b&sed on the net b(k value and the value of the investments as at the fanCIal Stalennt date. The Restricted fund represents restricted Inco which, as at th¢ date of the financial statement, have not yet been expend¢d. 18. RELATED PARTY DISCLOSURES There were no related paty transactions for (he year ended 31 March 2024. Page 23 continued...
&PA. (PEGGY DODD) BATH NOTES TO THE FINANCIAL STATEMEIYTS - ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2024 19. PURPOSE OF RESTRICTED RESERVES Restricted Reserves amounting to £82,983 are being carried fonvard to be spent in the year ended 31 March 2025. This is made up gs follows: A donation from Margaret Fisher toward5 a number of projects including transpo¢ garden roo system and garden project. Of thi5 donation £79,990 remains. A donation from th¢ Bath Disability Trust towards equipment, of which £2,993 remains. Pagc 24
S.PA (PEGGY DODD) BATH DETAILED STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legades Donations received Legacics Grants, PCT & B&NES 164,898 85,000 133,299 119.843 18,924 158.072 383,197 296,839 Other trading activities Gifts and donations Intercst and dividends 7,454 23.395 5,473 12.881 30,849 18,354 Charitable activities Day centre and horne sitter support 514,539 496.034 Total illcomlllg resource5 928.585 811.227 EXPElWtTURE Charitable Actlvlties Wages Social sealty Pensions Transport for clients Food for clients Fuel water and cleaning Equipment maintenance Premises repairs Occupational therapy Dementia café Sundtics Fixbjres and fittings 439,622 26.187 28,432 58,104 41,022 17.636 7,724 18.566 2,427 941 9,240 12.247 414,255 24,698 26,947 50,240 34,038 22,471 4,000 78.187 1,285 2,183 9,963 14.102 662.148 682.369 Support C05t5 Management Office salaries Social 5ccurity Pensions Fundraising cxpcnses Telephonc and internet IT. stationery and postage Bank charges Payroll and professional Fuel water and cleaning Carried forward 20.227 979 i.ioo 225 184 658 116 602 928 25.019 24.466 1.749 1.894 448 217 664 105 581 538 30.662 This page does not foTm part of the stamtory fitwiciai statements Page 25
&P.A. (PECGY DODD) BATH DETAILED STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR EI¥DED 31 MARCH 2024 2024 2023 Management Brought forward Insurance Premises repairs Fixbjres and fittings 25,Ol9 821 972 1,361 30,662 643 4,209 1,567 28,173 37.081 Flnance Insurance Telephone IT, postage and stationery Bank charges Publicity and advertisitig 5,687 3,498 12,495 2,211 1,349 5,541 4,530 12,213 2,004 1,228 25,240 25,516 Governance costs Auditors, renmmeration Payroll and professional 4,256 5,641 4,576 5,253 9,897 9,829 Total resources pella¢d 725,458 754,795 Net fincome 203,127 56.432 This page does not form part of the statOry financial stat¢ments Page 26