Independent Uving in Wessex Charity No. 1063168 Company No. 03326108 Trustees. Report and Unaudtted Accounts 31 March 2024
Independent Living in Wes*x Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 7tolO Detailed Statement of Financial Activities Ilto12 Page I
Independent Living in Wessex Trustees Annual Report The trustees, who are also directors of the charity for the purpose5 of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINisfRATIVE DEfAILS Company No. 03326108 Charity No. 1063168 Registered Office 254 Winsley Road Bradford on Avon Wiltshire BA15 IQS Directors and Trustees The Directors of the charitable company are its Trustees for the purpo of charity law. The following Directors and Trustees served during the year: Peter Barclay Rebecca Bates Kathryn Green Doreen Luther Hilary Townsend Paul Vingoe {Chairman) Company Secretary Paul Wingoe Independent Examiner Keevil Accountancy Limited l Hobbs Hill Keevil Trowbridge Wiltshire BA14 6LR ACHIEVEMENTS AND PERFORMANCE The main event this year is that one of the tenants at 18 Ashleigh Grove, announced that he was getting married in April 2024 and would be leaving the house. The Committee have for some time been considering whether to purchase a third house using the considerable funds accumulated in the bank. After further discussions it was decided to look for a third house to be tenanted by him and hls new wife, using the funds in hand as a deposit and taking a Mortgage secured over 18 Ashleigh Grove for the sum of £125K. 31 Walmesley Chase Hilperton, a two bedroomed centre terra property on the Paxcroft Mead development built in 1998, was purchased in March forthe sum of £215K and it is anticipated thatthe couple will take up residence followingthelr wedding on 19 April. Page 2
Independent Living in Wessex Trustees Annual Report The other two tenants will remaln as the tenants of 18 Ashleigh Grove at their current rentals for the time being. Care Choice will continue to 5UPPOrt them. as they will the married couple. The tenants of 10 Lavender Close remain and there are no concerns at that property at present. The arrears of rent due by one of the tenants in 10 Lavender Close are continuing to be reduced. The rent at 18 Ashleigh Grove is up to date. It was decided at the AGM in September 2023 that the fuel subsidies of £250 p.m. would continue. However, as part of the later declsion to raise a loan to buy 31 Walmesley Chase. it was agreed these would cease at the end of ILIW's financial year. My thanks as ever go to my fellow committee members for their attendances at meetings and their continued support throughout the year, especially Doreen Luther, our Treasurer, and who continues to take on board a close involvement with 10 Lavender Close and has spent a considerable amount of time dealing with the various problems which have arisen over the year, and Hilary Townsend our Secretsry. We have also welcomed Katie Luther on to the Committee during the year. STRucfuRE, GOVERNANCE AND MANAGEMENT The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure thatthe financlal statements comply with the Companies Act 2006. The Trustees are a150 responsible for safeEuarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regirne as set out in Part 15 of the Companies Act 2006 and in accordan with the Charlties SORP {FRS 102). Sig half of the board Paul Vingoe Chairman 04 September 2024 Page 3
' Independent Living in Wessex Independent Examiners Report Independent Examinevs Report to the trustees of Independent Living in Wessex I report to the charity trustees on my examination of the financial statements of Independent Living in Wessex for the year ended 31 March 2024. Responsibilitles and basis of report As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Art 2006 {'the 2006 Act. ' Having satisfied myself -th.at the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's financial statements as carried out under sertion 145 of the Charities Act 20111'the 2011 Att,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) Ibl of the 2011 Act. Independent examinees statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordan with section 386 of the 2006 Act,. or the financial ststements do not accord with those records; or the financial statements do not compty wtth the accounting qUirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and falr, view which is not a matter considered as part of an independent examination; or the financlal statements have not been prepared in accordan with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matter5 in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to e reache Julie Nellis MSC ACA {ICAEW) Keevil Accountancy Ltmited l Hobbs Hill Keevil Trowbridge Wiltshire BA14 6LR 04 September 2024 Page 4
Independent Living in We55ex Statement of Financial Actlvlties for the year ended 31 March 2024 Unrestricted funds Total fvnds Total funds 2024 2024 2023 Notes Income and endowments from: Charitable artivities investments 27.372 5,264 27,372 5,264 1,626 Total 32.636 32,636 28.998 Expenditure on: Charitable activities Other 14,496 3,866 14,496 3,866 31,157 468 Total 18,362 18,362 31,625 Net gains on investments Net income/(expenditure) Transfers between funds 14,274 14,274 (2,627) Net income/{expenditure) before other gains/{losses) 14.274 14.274 (2,627) Other galns and losses Net movement in funds 14.274 14.274 (2,627) Reconclllatlon of funds: Total funds brought forward 368,816 368,816 371,443 Total funds carried forward 383,090 383,090 368,816 Page 5
Independent Living in We55ex Balance Sheet at 31 March 2024 Company No. 03326108 2024 2023 Flxed assets Tangible assets 467,721 467.721 249,359 249,359 Current assets Debtors Cash at bank and in hand io 547 40,148 40.695 (326} 40,369 508.090 (125,000) 383,090 118,411 119,757 {300) 119,457 Creditors: Amount falling due within one year Net current assets li Total assets less current liabilities 368,816 Creditors: Amounts falling due after more than one year Net assets exduding pension asset or Ilablllty 368,816 Total net assets 383.090 368,816 The funds of the charity Unrestricted funds General fund5 383,090 368,816 383.090 368,816 Total funds 383.090 368,816 These accounts have been prepared in accordance with the Special provision5 of Part 15 of the Companies Act 2006 relating to Small companie5. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordan with sectlon 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 04 September 2024 nd signed n its behalf by: Paul Vingoe Chairman 04 September 2024 Page 6
Independent Living In Wessex Notes to the Accounts for the year ended 31 March 2024 l Accounting policies Basis of preparatlon The financial ststements have been prepared in accordan with Accounting and Reporting by Charitie5: Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2015) - (Charities SORP {FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the CompaniesAct200.6. Change In basis of accounting or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustee5 in furtherance of the general objects of the charity. Income Recognition of income Income is included in the Staternent of Financial Activities {SoFA) when the charity becomes entitled to. and virtually rtain to receive, the income and the amount of the income can be measured with sufftcient reliability. Income wlth related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Investment income This is included in the accounts when re1Vable. Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expendlture to which It relates. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities sepdices in the furtherance of its objects. includtng the making of grants and govemance costs. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audÉt/independent exarnination fees, costs Ilnked to the strategic management of the Charity. together wlth a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Governance costs Taxatlon The charity is exempt from corporation tax on Ats charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold property Held * cost Page 7
' Independent Living in Wessex Notes to the Accounts Trade and other debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand and demand deposits with banks. Trade and other credltors Short term creditors are measured at the transaction price. Other credltors and provisions are recognised ' where the charity has a present obligation resulting from a past èvent that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recogni5ed at their settlement amount. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Ststement of Financial Artivities - prlor year Unrestrfcted funds Total funds 2023 2023 Income and endowments from: Charitable artlvlties Investments 27,372 1,626 27,372 1,626 Total 28.998 28,998 Expenditu on: Charitable artivities 30,807 818 30,807 818 Other Total 31,625 31,625 Net Income (2,627) (2,6271 Net income before other gains/(losses) Other gains and losses: Net movement in funds 12,627) {2,627) 12,627) (2,627) Reconciliation of funds: Total funds brought forward Total funds carried forward 371,443 371,443 368,816 368,816 Page 8
' independent Living in Wessex Notes to the Accounts 4 Income from charitable activities Unrestricted Total Total 2024 2023 Rental Income 27,372 27,372 27,372 27.372 27,372 27,372 5 Income from investments 2024 2023 Interest received 5,264 5,264 5,264 1,626 1,626 5,264 6 Expenditure on charltable activitie5 Unrestricted Totsl Total 2024 2023 Expenditure on choritable activities Repairs and maintenance Council tsx Tenant fuel subsidses 8,361 2,281 8,361 2,281 3,000 554 25,266 2,159 2,900 482 Buildings insurance Governonce costs 554 Independent Examlnerfees 300 300 350 14,496 14,496 31,157 7 Other expenditure Unrestrirted Total Total 2024 2023 General administrative costs 1,959 1.907 3,866 1.959 1,907 3,866 309 Legal and professional costs 159 468 8 Staff costs No employee received emoluments in the financial year. Page 9
Independent Uvlng in Wessex Notes to the Accounts 9 Tanglble fixed assets Cost or revaluation At l April 2023 Additions At 31 March 2024 249,359 218,362 467.721 249,359 218,362 467,721 Net book values At 31 March 2024 At 31 March 2023 IQ Debtors 467,721 249,359 467,721 249,359 2024 2023 Other debtors 300 1,200 146 Prepayments and accrued income 247 547 1,346 11 Creditors" amounts falling due within one year 2024 2023 Accruals 326 300 300 326 12 Creditors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts 125,000 125,000 13 Related party dlsck)sures Contmlllng party The company is limited by guarantee and has no Share capital: thus no single party contro15 the company. Page 10
' Independent Living in We55ex Detailed Statement of Financial Activities for the year ended 31 Marth 2024 Unrestricted fund5 2024 Total funds Total funds 2024 2023 Income and endowments from: Charitable actlvlties Rental income 27,372 27,372 27,372 Investments Interest received 5.264 5,264 5,264 5.264 1,626 1,626 Totsl Income and endowments 32.636 32,636 28,998 Expenditure on: Charitable activitie5 Repairs and maintenance Council tax Tenant fuel subsldies Buildings insurance 8,361 2,281 8.361 2,281 3,0( 554 25,266 2,159 2,900 482 554 14.196 14.196 30,807 Governance costs Independent Examiner fees 300 300 350 300 300 350 Total of expenditure on charitable actlvities 14.496 14.496 31,157 General administrative costs, Including depreciatlon and amortisation Bank charges subscriptions Sundry expenses 1,490 35 1.490 35 35 434 434 274 1,959 1.959 309 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 146 1,907 1,907 13 1,907 1,907 159 Total of expenditure of other costs Totsl expendlture Net gains on investments 3,866 3,866 468 18.362 18,362 31,625 Net income/(expenditure) 14.274 14.274 (2,627) Page 11
Independent Livlng fn Wessex Detalled Statement of Financial Artivitles Net income/{expenditure) before other gains/(losses} Other Gain5 14,274 14,274 (2,627) Net movement in funds 14.274 14,274 (2,627} Reconciliation ot funds: Totsl funds brought forward 368,816 368.816 371,443 Total funds carried forward 383,090 383,090 368,816 Page 12