2022-03-31-accounts

Charity registration number 1063038

Company registration number 02861966 (England and Wales)

OPTIONS FOR SUPPORTED LIVING

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

OPTIONS FOR SUPPORTED LIVING

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Ivor Langley
	Louise Barry
	Julia Erskine

Chief Executive and management team
Chief executive	Kevin Peacock
Finance manager	Emily Kennedy
Development manager	Sharon Smith
Development manager	Marie Binns
Development manager	Jill Bainbridge
Development manager	Jennifer Clarke
Development manager	Nicola Anderson
Office manager	Angela Marincowitz
Innovations and HR manager	Lisa Goulding
Quality manager	Steph Hannan
Charity number	1063038
Company number	02861966
Registered office / Head office	St. Nicholas House
	Old Churchyard
	Chapel Street
	Liverpool
	L2 8TX
Auditor	BWM
	Tempest
	Suite 5.1
	12 Tithebarn Street
	Liverpool
	L2 2DT
Bankers	Lloyds Bank plc
	Merchants Court
	2 - 12 Lord Street
	Liverpool
	L2 1TS
	HSBC plc
	99-101 Lord Street
	Liverpool
	L2 6PG
	Barclays Bank plc
	Lord Street
	Liverpool
	L2 1TD

OPTIONS FOR SUPPORTED LIVING

CONTENTS

	Page
Trustees' report	1 - 5
Statement of trustees' responsibilities	6
Independent auditor's report	7 - 9
Statement of financial activities	10 - 11
Balance sheet	12
Statement of cash flows	13
Notes to the financial statements	14 - 28

OPTIONS FOR SUPPORTED LIVING

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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)".

Objectives and activities

Options is an organisation whose purpose (our mission) is to enable, empower and support people with learning disabilities to live their lives to the full.

Our philosophy of support - that we listen to people and support them to achieve what they want - is called person centredness. Person-centredness runs through everything that Options does. Fundamentally we believe that every person is unique and valuable. With the right support around us we can all live happy and fulfilled lives and contribute to the communities we live in. This is true for people both with and without a learning disability.

Person-centredness starts with listening to the people we support, understanding their hopes, wishes and aspirations, and then building support packages around them to help them achieve those aspirations. Some of the support is to people living in their family homes, and some to people who live in houses or flats they own or rent.

" The objects of the Company are to relieve adults and children who have disabilities and in particular by the provision of support which we will encourage and assist adults and children to lead lifestyles of their own choice." (from the Memorandum of Association).

This has been delivered by the provision of support to people with disabilities living in their own homes or family homes in the community. This support was provided in Liverpool, Sefton and Wirral.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Public Benefit — activities and achievements this year

In presenting this year’s annual report I wish to pay testament to the work of our outgoing Chief Executive Officer, Richard Williams. Richard retired this year after leading Options for 18 years and a career dedicated to enhancing the lives of so many people. Under Richard’s leadership Options is at the forefront of person-centred support for people with learning disabilities.

As we have emerged from the height of the Covid pandemic, we have all started to get out and about, re-connect with friends and create new relationships. This year Options has supported people to go on holidays and to try out new (and sometimes unusual) activities.

But happiness is not only found in the big events. It is also in the everyday - going to the pub or for coffee with friends, having someone around to visit, cooking a meal, tending the garden, learning something new in a class and generally being part of a local community. All of these things are a regular part of Options life again this year.

A highlight of the year for me was Options celebratory ball, held at Aintree Racecourse. Seeing everyone dressed up and having a good time was a reminder of what we have missed in the previous year.

I also want to draw attention to the work that we have been doing to support peoples’ health this year. A happy and healthy life is perhaps the ultimate expression of Options success as an organization, for staff, family members and the people we support alike. We have taken lots of practical steps to make this a reality this year. Employing a dedicated health coordinator, publishing out easy-read 5 steps to health booklet, advocating for people to get good health care when they need it and building health into all of our plans. Cookery classes and recipe books have helped improve our diets, and sports and outdoor activities have supported fitness. We also have a focus on mental health.

We know it’s been a hard couple of years, and we still see lots of stress and anxiety within our community. We have recently launched a set of initiatives to promote positive mental health, including an employee handbook and assistance programme, and mental health training being rolled out across the organisation.

• 1 -

OPTIONS FOR SUPPORTED LIVING

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

During this financial year, options supported 115 people in supported living settings, and a further 63 people through outreach support within their own homes.

We are proud to maintain our CQC ‘Outstanding’ rating that is only achieved by roughly 5% of all registered providers of domiciliary care.

We also continue to champion the Real Living Wage which we continue to pay to all staff.

Financial review

The results for the year and the charity's financial position at the end of the year are shown within these financial statements.

Income

Total Income increased by 7% compared to last year from £8.5m to £9.1m. Increased COVID-19 funding, new support contracts and the annual increase in support contracts rates contributed to the increase. Wirral Council revised their rates in December to allow us to bring forward a pay rise to £10 per hour for support staff. The Local Authorities we work with continue to be very supportive to enable us to deliver safe support.

Expenditure

Expenditure Total expenditure increased by 6%, from £8.3m to £8.8m. This is a lesser increase than the increase in income, largely relating to changes in staff costs. In particular, holiday pay in 2020-21 was unusually high, owing to the significant amounts of leave accrued at year end as a result of Covid. We have also seen amounts spent on Culture reduce, since pandemic restrictions meant many of our activities were unable to take place in 2021-22.

Reserves policy

The Charity's reserve policy identifies specific and generic risks, assessed annually, and an appropriate level of reserves are set aside to cover these. Reserves are reviewed annually to ensure continued financial security and to provide for contingencies.

Free reserves are defined as unrestricted funds that can be spent on any of the Charity’s aims. Designated Fund reserves are defined as unrestricted funds which have been set aside by trustees for an important future purpose or to provide against risks in the future, which can include cover for catastrophic circumstances. Restricted Fund reserves are funds given to a charity for a particular purpose and can only be spent on that purpose.

At 31 March 2022 our total reserves were £4,507,365 (2021: 4,216,752) which includes restricted funds of £14,028 (2021: £28,991), general funds of £1,224,948 (2021: £916,854) and designated funds of £3,268,389 (2021: £3,270,907).

Details of designated funds and of restricted funds may be found on note 16 and 17 of the accounts.

Investment Policy

Aside from retaining a prudent amount in reserves each year, the remaining funds are allocated for expenditure. Any funds not immediately required are invested in interest bearing deposit accounts. The trustees have agreed an approach to increase the minimal returns from holding cash deposited on a short-term basis.

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OPTIONS FOR SUPPORTED LIVING

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Risk Management

The trustees confirm that the major risks to which the charity is exposed have been reviewed and systems have been established to mitigate those risks. The major risks to the Charity currently are:

1. Wholesale re-provisioning/re-tendering of supported living by any of our major purchasers.

2. A move by purchasers (statutory) away from individualised support.

3. A major incident damaging our reputation.

4. The loss of key personnel within the organisation.

5. Budget cuts within local authorities squeezing our flexibility to work to our unique model, and support becomes unachievable within the principles we work to.

6. An inability to attract and retain staff of the quality we need to work as we do.

7. Regulations and bureaucracy thwarting person centred support

8. The impact of the Corona Virus epidemic on local authority funding

Plans for future periods

There remain huge inequalities between people with learning disabilities and those without. We have a big vision of

“a better world where people with disabilities contribute as unique and valued members of dynamic and inclusive communities.”

In the coming years we will continue to build on our person-centred principles and to support, empower and enable people to live life to the full.

However, these are challenging times for all providers of social care.

• Staff shortages put pressure on everyday support work, especially the delivery of our person-centred principles.

• Our Local Authority partners struggle to balance competing priorities when it comes to health and social care provision.

• Commissioned support rates are struggling to keep up with the cost of living for staff.

• Continued Covid uncertainty makes working conditions difficult, with continued testing and wearing of PPE.

In the short term this means we will be investing some of our reserves in being able to deliver against our personcentred principles and to support our staff through what will be a challenging year ahead.

Over the longer term we are subtly evolving our activities to enable the voices of the people we support and their families to advocate for change in the way the social care system works, and to collaborate with others in campaigning for a better world.

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OPTIONS FOR SUPPORTED LIVING

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management

The charity is constituted as a company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association.

The company has no share capital. Every member of the company undertakes to contribute to the assets of the charity, in the event of being wound up while he or she is a member or within a year of ceasing to be a member for debts and liabilities of the charity contracted before he or she ceases to be a member, such amounts may be required, not exceeding £1.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ivor Langley Louise Barry Julia Erskine Kevin Peacock (Resigned 1 May 2022)

Appointment and Induction of Trustees

Trustees are normally appointed at General Meetings. There is now an agreed time limit of four years for trustee length of service, after which a trustee could then be re-appointed for a further four years. No absolute limit is set as we see the benefits of a mix of long-serving and of newer trustees.

All appointed trustees go through an induction process with existing trustees, the Chief Executive and the Secretary

of the charity.

They are given various documents, detailing their responsibilities and also ensuring they are aware of the context in which Options works, its Vision, Mission, Aims, Beliefs, Working Values, and the Development Plan and Budget. Organisation The trustees employ a number of staff to run the day-to-day operations of Options.

Organisation

Upon the resignation of its incumbent Chief Executive, the Trustees have undertaken a restructure of the Leadership Team. That team now consists of four Development Managers, A Community Engagement and Development Manager, a Finance Manager, a Quality Manager, an Office Manager, a Deputy Chief Executive and a Chief Executive. A new Chief Executive was appointed on 1[st] May 2022.

Major decisions affecting the charity must be approved by the trustees, and strategically this is through the Development Plan, which identifies the major priorities for the organisation, and the Budget, which reflects the Development Plan. In order for a decision to be passed by the trustees there must be a quorum of at least three trustees present at a meeting. The trustees meet together five or six times a year, and two members sit on the Finance Sub-Committee which also meets five or six times each year.

The Trustees have been continuing to use the updated Charity Governance Code to benchmark the effectiveness of their work. Organisational development is planned, actioned and monitored through the bi-annual Development Plan. Pay Policy of senior staff The trustees together with the Chief Executive and the Leadership team are the key management personnel in charge of directing and controlling, running and operating the charity.

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OPTIONS FOR SUPPORTED LIVING

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Pay policy

All trustees give of their time freely and no trustee received remuneration in the year.

The pay of senior staff is reviewed annually by the trustees as part of a finance subcommittee, and any increases must then be approved by the full Trustee Board. Remuneration is based on roles and responsibilities undertaken. The annual review accounts for inflation and is benchmarked against information gathered for similar roles in the Social Care Charity sector.

The remuneration of the Chief Executive consists of salary, pension and performance related pay or bonus. The performance of the Chief Executive officer is assessed annually by the Trustees to determine the bonus element, which is capped according to the organisations’ financial policies.

When setting the remuneration of the Chief Executive Officer, the trustees recognise that the salary needs to attract an individual of high calibre, who can lead the organisation through the complexity of the social care sector, and whose role will involve making important decisions for staff, volunteers and people supported by the charity.

Auditor

In accordance with the company's articles, a resolution proposing that BWM be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Ivor Langley Trustee

19 December 2022

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OPTIONS FOR SUPPORTED LIVING

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of Options for Supported Living for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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OPTIONS FOR SUPPORTED LIVING

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF OPTIONS FOR SUPPORTED LIVING

Opinion

We have audited the financial statements of Options for Supported Living (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 charity’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 annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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.

Opinions on other matters prescribed by the Companies Act 2006

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

• the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

• the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

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OPTIONS FOR SUPPORTED LIVING

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OPTIONS FOR SUPPORTED LIVING

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

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

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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.

Auditor's 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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irreguarities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with directors and other management;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

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OPTIONS FOR SUPPORTED LIVING

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OPTIONS FOR SUPPORTED LIVING

We assessed the susceptibility of the company’s financial statements to material misstatement, 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; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance; and

• enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise Casey ACA (Senior Statutory Auditor)

for and on behalf of BWM 22 December 2022

Chartered Accountants Statutory Auditor

Tempest Suite 5.1 12 Tithebarn Street Liverpool L2 2DT

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OPTIONS FOR SUPPORTED LIVING

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Current financial year

Current financial year	Current financial year	Current financial year
Unrestricted Restricted funds funds 2022 2022 Notes £ £			Total	Total
	funds	funds
	2022	2022	2022	2021
	£	£	£	£
Income from:
Donations and legacies 3	315,871	40,881	356,752	143,500
Charitable activities 4	8,695,020	-	8,695,020	8,315,983
Investments 5	3,090	-	3,090	1,967
Other income	12,303	-	12,303	12,158
Total income	9,026,284	40,881	9,067,165	8,473,608
Expenditure on:
Charitable activities 6	8,720,708	55,844	8,776,552	8,282,751
Net income/(expenditure) before transfers	305,576 305,576
		(14,963)	290,613	190,857
Net movement in funds		(14,963)	290,613	190,857
Fund balances at 1 April 2021 Fund balances at 31 March 2022
	4,187,761	28,991	4,216,752	4,025,895
	4,493,337	14,028	4,507,365	4,216,752

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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OPTIONS FOR SUPPORTED LIVING

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Prior financial year

Prior financial year	Prior financial year	Prior financial year
Unrestricted Restricted funds funds 2021 2021 Notes £ £			Total
	funds	funds
	2021	2021	2021
	£	£	£
Income from:
Donations and legacies 3	-	143,500	143,500
Charitable activities 4	8,315,983	-	8,315,983
Investments 5	1,967	-	1,967
Other income	12,158	-	12,158
Total income	8,330,108	143,500	8,473,608
Expenditure on:
Charitable activities 6	8,126,565	156,186	8,282,751
Net income/(expenditure) before transfers Gross transfers between funds	203,543
		(12,686)	190,857
	(1,688)	1,688	-
	201,855
Net movement in funds		(10,998)	190,857
Fund balances at 1 April 2020 Fund balances at 31 March 2021
	3,985,906	39,989	4,025,895
	4,187,761	28,991	4,216,752

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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OPTIONS FOR SUPPORTED LIVING

BALANCE SHEET

AS AT 31 MARCH 2022

Notes	2022	2022	2021	2021
	£	£	£	£
Fixed assets
Tangible assets 13 Current assets	461,669 4,690,781 5,152,450 (645,085)	- 4,507,365 14,028 4,493,337 4,507,365	351,191 4,651,972 5,003,163 (786,411) 3,270,907 916,854	-
Debtors 15
Cash at bank and in hand Creditors: amounts falling due within one year 16
Net current assets				4,216,752
Income funds
Restricted funds 18				28,991
Unrestricted funds	3,268,389 1,224,948
Designated funds 19
General unrestricted funds
				4,187,761
				4,216,752

The financial statements were approved by the Trustees on 19 December 2022

Ivor Langley Trustee

Company registration number 02861966

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OPTIONS FOR SUPPORTED LIVING

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes Cash flows from operating activities Cash generated from operations 23 Investing activities	2022	2022	2021	2021
	£	£	£	£
	3,090	35,719 3,090 - 38,809 4,651,972 4,690,781	1,967
				562,627
Investment income received
Net cash generated from investing activities Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year
				1,967
				-
				564,594
				4,087,378
				4,651,972

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OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Options for Supported Living is a private company limited by guarantee incorporated in England and Wales. The registered office is St. Nicholas House, Old Churchyard, Chapel Street, Liverpool, L2 8TX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Transfers of funds from general unrestricted funds to designated funds are approved by the trustees.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Revenue in respect of service contracts is credited to income in the period in which entitlement becomes due.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Investment income is included when receivable.

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OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Intangible fixed assets other than goodwill

Expenditure relating to the development of a management information system has been capitalised and is being amortised over its useful life of 3 years.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements	straight line over life of lease
Plant and equipment	straight line over 3 to 5 years
Fixtures and fittings	straight line over 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

• 15 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

• 1 Accounting policies

(continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity is exempt from tax on its income and gains falling within part 11 of the Corporation Tax Act 2010 or Section 256 of of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable activities.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Holiday Pay Accrual

Staff have different annual leave entitlement years, depending on the month they started working for Options. The Accrued Holiday Pay calculation is based on entitled annual leave allowance less annual leave taken between April & March, multiplied by the average rate of earnings for each staff. This can result in the accrual slightly higher or lower than the exact accrual.

• 16 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies

Unrestricted Restricted funds funds 2022 2022 £ £	Unrestricted Restricted funds funds 2022 2022 £ £	Unrestricted Restricted funds funds 2022 2022 £ £	Total	Restricted	Total
	funds	funds		funds
	2022	2022	2022	2021	2021
	£	£	£	£	£
Donations and gifts	1,500	-	1,500	-	-
Grants receivable	314,371	40,881	355,252	143,500	143,500
	315,871	40,881	356,752	143,500	143,500

Other grant income includes £33,933 (2021: £142,500) to provide Corona virus support.

4 Charitable activities

	Support	Support
	services	services
	2022	2021
	£	£
Services provided under contract	8,695,020	8,315,983

5 Investments

	Unrestricted	Unrestricted
	funds	funds
	2022	2021
	£	£
Interest receivable	3,090	1,967

• 17 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

	Support services	Support services
	2022	2021
	£	£
Direct staff costs	6,977,509	6,746,686
Share of support costs (see note 7)	1,751,882	1,464,845
Share of governance costs (see note 7)	47,161	71,220
Analysis by fund
	8,776,552	8,282,751
Unrestricted funds	8,720,708	8,126,565
Restricted funds	55,844	156,186
	8,776,552	8,282,751

• 7 Support costs

Support costs
	Support costs Governance costs		2022	Support costs Governance costs		2021
	£	£	£	£	£	£
Staff costs	1,278,135	-	1,278,135	1,048,114	-	1,048,114
Staff expenses	22,608	-	22,608	14,233	-	14,233
Travel & housing	1,734	-	1,734	2,183	-	2,183
Other project activity costs
	128,381	-	128,381	61,824	-	61,824
Premises costs	106,093	-	106,093	106,778	-	106,778
General administrative expenses
	214,931	-	214,931	231,713	-	231,713
Audit fees	-	5,250	5,250	-	5,300	5,300
Accountancy	-	4,175	4,175	-	10,951	10,951
Legal and professional	-	30,888	30,888	-	44,581	44,581
Bank charges	-	5,185	5,185	-	10,388	10,388
Trustees meeting costs	-	1,663	1,663	-	-	-
	1,751,882	47,161	1,799,043	1,464,845	71,220	1,536,065
Analysed between
Charitable activities	1,751,882	47,161	1,799,043	1,464,845	71,220	1,536,065

• 18 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8 Auditor's remuneration

The analysis of auditor's remuneration is as follows:

Fees payable to the charity's auditor and associates:	2022	2021
	£	£
Audit of the charity's annual accounts	5,250	5,300
Non-audit services
Taxation compliance services	275	250
All other non-audit services	3,900	1,200
Total non-audit fees	4,175	1,450

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2021: none). None of the trustees received any reimbursed expenses during the year (2021: none).

• 19 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

10 Employees

The average monthly number of employees during the year was:

	2022	2021
	Number	Number
Chief Executive	1	1
Support Workers	331	313
Management and Administration	24	30
Total	356	344
Employment costs	2022	2021
	£	£
Wages and salaries	7,147,748	6,700,563
Social security costs	592,588	551,814
Other pension costs	228,094	220,236
Training and development	154,751	160,751
Other staff costs	70,428	30,318
Agency staff	62,035	131,118
The number of employees whose annual remuneration was £60,000 or more were:
	8,255,644	7,794,800
	2022	2021
	Number	Number
£80,001 to £90,000	-	1
£90,001 to £100,000	1	-

Contributions totalling £nil (2021: £29,917) were made to defined contribution pension schemes on behalf of employees whose emoluments exceed £60,000.

11 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £228,094 (2021: £220,236).

At the year end there was an amount payable to the defined contribution schemes of £39,735 (2021: £37,792).

• 20 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12 Intangible fixed assets	12 Intangible fixed assets
Cost At 1 April 2021 and 31 March 2022 Amortisation and impairment At 1 April 2021 and 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021				Software
				£
				120,212
				120,212
				-
				-
13 Tangible fixed assets
Leasehold improvements £ Cost At 1 April 2021 22,006 At 31 March 2022 22,006 Depreciation and impairment At 1 April 2021 22,006 At 31 March 2022 22,006 Carrying amount At 31 March 2022 - At 31 March 2021 -		Plant and equipment Fixtures and fittings		Total
	£	£	£	£
	22,006	102,711	13,580	138,297
	22,006	102,711	13,580	138,297
	22,006	102,711	13,580	138,297
	22,006	102,711	13,580	138,297
	-	-	-	-
	-	-	-	-
14 Financial instruments			2022	2021
Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost			£	£
			5,105,582	4,960,621
			425,945	537,286

• 21 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

15 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 16 Creditors: amounts falling due within one year		2021 £ 299,747 8,902 42,542 351,191 2021 £ 133,889 115,236 3,568 46,547 487,171 786,411 2021 £ 115,236 2021 £ 36,646 115,236
	2022
	£
	408,809
	5,992
	46,868
	461,669
2022 Notes £ Other taxation and social security 150,909 Deferred income 17 68,231 Trade creditors 39,563 Other creditors 90,297 Accruals 296,085 645,085 17 Deferred income 2022 £ Other deferred income 68,231 Movement on deferred income 2022 £ Total deferred income at 1 April 2021 115,236 Amounts received in year 68,231 Amounts credited to statement of financial activities (115,236) Other deferred income 68,231	2022
	£
	150,909
	68,231
	39,563
	90,297
	296,085
	645,085
	2022
	£
	68,231
	2022
	£
	115,236
	68,231
		(36,646)
		115,236
	68,231

Deferred income comprises fees invoiced in advance of the provision of support services which relate to future accounting periods.

• 22 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at 1 April 2020 r £	Balance at 1 April 2020 r £	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds
		Incoming esources Resources expended		Transfers Balance at 1 April 2021 r		Incoming esources Resources expended Balance at 31 March 2022
	£	£ £		£	£	£	£	£
		- (5,520) - (4,792) - (1,576) - (1,798)				- 10,952 - - - - -
The Baily Thomas Charitable Fund	9,441			-	3,921		(3,921)	-
NHS England	15,674			-	10,882		(21,834)	-
Sport England	4,309			-	2,733		(2,733)	-
Big Lottery Community Fund	5,565			-	3,767		(3,767)	-
E F Rathbone Charitable Trust	1,000	- -		-	1,000		(1,000)	-
Peter Harrison Foundation	4,000	- -		-	4,000		(4,000)	-
David Solomans Charitable trust	-	1,000 -		-	1,000		(1,000)	-
Covid Related funding	-	142,500 (142,500)		-	-	-	-	-
Will Charitable Trust	-	-	-	-	-	5,000 8,214 14,767 1,948 40,881	(4,591)	409
NHS health grant 2	-	-	-	-	-		(8,214)	-
NHS health grant 3	-	-	-	-	-		(4,660)	10,107
Other restricted funds	-	-	-	1,688	1,688		(124)	3,512
		143,500 (156,186)
	39,989			1,688	28,991		(55,844)	14,028

• 23 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds (continued)

The Bailey Thomas Charitable Fund provided funding towards the Life Skills Project, which provides practical educational workshops to increase the independence of people with learning disabilities.

NHS England provided funding for the 'Five Steps to Health' transforming care partnership project.

The Sport England grant provides taster sessions in various sports for 10 people with learning disabilities, autism and acquired brain injuries. These sessions give opportunities for people we support to try adapted sports and ultimately become more physically active .

The Big Lottery Community Fund provided funding for Friendly Fridays social meet ups activities for the people we support.

The E F Rathbone Charitable Trust provided funding for cooking sessions for the people we support.

The Peter Harrison Foundation awared a grant towards the cost of a one year programme of adaptive sports activity in Merseyside.

The David Soloman's Charitable Trust is awarded for “Life Skills – Cooking & Independence Workshops”, promoting greater independence and teaching valuable life skills to people we support. The workshops enable people we support to gain techniques and support to cook for themselves and others and to make improvements to their general health and well-being.

Covid related funding was provided for the following:

Infection Control Tranche 1 COVID Grants

To fund additional costs incurred as a result of the COVID-19 pandemic, including:

• To ‘top-up’ Statutory Sick Pay and/or normal contractual sick pay so that care workers receive full pay when self-isolating in line with government guidance and/ or during any period of sickness absence directly due to infection with Covid-19.

• Unavoidable increased use of agency cover and/or overtime payments to staff incurred to maintain essential services.

• Additional PPE for staff procured to supply staff with PPE in line with prevailing government guidance on its use.

• To top up payments received under the government’s furlough scheme for care workers furloughed because they are personally in the clinically extremely vulnerable group identified by the government as required to shield and who cannot be redeployed to work from home.

• Other use at the provider’s discretion, to support its response to the pandemic to ensure that essential services are maintained, and people are supported.

• 24 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

• 18 Restricted funds

(continued)

Infection Control Tranche 2 COVID Grants

The purpose of the Fund was to ensure that staff who were isolating in line with government guidance received their normal wages and did not lose income while doing so. Funding was also for steps to limit the number of different people from Homecare Agency visiting a particular individual or steps to enable staff to perform the duties of other team members/partner agencies when visiting to avoid multiple visits to a particular individual. Ensuring that members of staff work in only one care setting except in exceptional circumstances. This included staff who work on part-time basis for multiple employers or in other care settings, particularly Care Homes. This included agency staff (the principle being that fewer locations that members of staff work in, the better).Costs to limit the use of public transport.

Workforce Capacity Fund

The purpose of this funding was to enable providers to meet workforce challenges, and to enable the delivery of measures to supplement and strengthen adult social care staff capacity to ensure that safe and continuous care was achieved, including the following outcomes:

• maintaining care provision and continuity of care for recipients where pressing workforce shortages may put this at risk.

• supporting providers to restrict staff movement between care homes and other care settings in all but exceptional circumstances, which is critical for managing the risk of outbreaks and infection.

• supporting safe and timely hospital discharges to a range of care environments including domiciliary care, to prevent or address delays as a result of workforce shortages.

• enable care providers to care for new service users where the need arose.

Rapid Testing Fund

The main purpose of this funding was to support the setup, training, and implementation of additional rapid testing of staff, and to support testing for visiting professionals. All funding was to be used to support increased LFD testing in care settings.

Staff Covid Vaccine Fund

Paying staff time for attending vaccine appointments.

Will Charitable Trust funded Options for six cooking workshop sessions with Baytree Cooking Academy for ten people we support and their support workers.

NHS 2 funding supported Options to plan to get together events each month for people we support, health workshops at Holmwood Farm and Options 7 Simple Recipes easy-read cookbook.

NHS 3 funding supported options to continue monthly meet-ups for people we support and easy read guide for when people experience death and walking groups.

• 25 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

19 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at 1 April 2020 £	Balance at 1 April 2020 £				Movement in funds	Movement in funds
		Resources expended	Transfers Balance at 1 April 2021		Incoming resources	Resources expended 31	Balance at March 2022
	£	£	£	£	£	£	£
New Office Base	750,000	-	-	750,000	-	-	750,000
Unique Fund	29,273	(710)	-	28,563	-	(174)	28,389
Tenant Property Investment	1,200,000	-	-	1,200,000	-	-	1,200,000
Inclusion Projects	7,334	(4,990)	-	2,344	255	(2,599)	-
Contingency for Lost Income	1,212,374	-	77,626	1,290,000	-	-	1,290,000
	3,198,981				255
		(5,700)	77,626	3,270,907		(2,773)	3,268,389

The new office base fund is for the planned move from leased offices to a multi-functional, owned building / accommodation to provide a wider range of office, training, drop-in and community activities.

The unique fund is to enable the provision of enhanced support. We believe everyone we support is unique but that the funding available from local authorities does not always fully allow that expression of uniqueness. Therefore we have created a fund to facilitate people we support (on a short term basis) to fully express their individuality. This includes financial support for people we support - for example extra support staff hours not included in their normal everyday support package when they go on holiday.

The tenant property investment fund is for an investment by the charity in property as Local Authorities are now seeking property solutions for the people we support as well as direct support. Options would not become a landlord but would potentially resource housing associations to meet specific needs.

The inclusion projects fund is for community projects which encourage people we support to socialise and participate in social events

The contingency for lost income fund is calculated at 30% of contracted income. There is a risk of losing income on a temporary or permanent basis because we work in an unstable market and there is also the risk of poor cash flow for day-to-day activities. Income might be lost through re-tendering, changes in contractual hours, unforeseen disruptions - for example COVID restrictions on outreach support and yearly rate increases not matching up with the cost of providing good support. This provides a buffer against such possibilities.

• 26 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

20 Analysis of net assets between funds	20 Analysis of net assets between funds	20 Analysis of net assets between funds	20 Analysis of net assets between funds
Unrestricted funds Designated funds Restricted funds 2022 2022 2022 £ £ £ Fund balances at 31 March 2022 are represented by: Current assets/(liabilities) 1,224,948 3,268,389 14,028 Unrestricted funds Designated funds Restricted funds 2021 2021 2021 £ £ £ Fund balances at 1 April 2021 are represented by: Current assets/(liabilities) 916,854 3,270,907 28,991				Total
	2022	2022	2022	2022
	£	£	£	£
	1,224,948	3,268,389	14,028	4,507,365
			Restricted funds	Total
			2021	2021
			£	£
			28,991	4,216,752

21 Operating lease commitments Lessor

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year Between two and five years	2022	2021
	£	£
	38,720	38,258
	74,213	-
	112,933	38,258
22 Related party transactions
Remuneration of key management personnel The remuneration of key management personnel is as follows. Aggregate compensation
	2022	2021
	£	£
	438,899	422,477

The key management personnel of the charity comprise the trustees, Chief Executive Officer, Finance Manager, Development Managers, Innovations Manager, Office Manager, and Quality Manager.

There were no other related party transactions in the year (2021: none).

• 27 -

OPTIONS FOR SUPPORTED LIVING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

23 Cash generated from operations 2022	23 Cash generated from operations 2022	2021 £ 190,857
£ Surplus for the year 290,613 Adjustments for: Investment income recognised in statement of financial activities (3,090) Movements in working capital: (Increase)/decrease in debtors (110,478) (Decrease)/increase in creditors (94,321) (Decrease)/increase in deferred income (47,005) Cash generated from operations 35,719
		(1,967)
		119,904 235,904 17,929 562,627
	(94,321)
	(47,005)
	35,719

• 28 -

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