REGISTERED COMPANY NUMBER: 03442643 (England and Wales) REGISTERED CHARITY NUMBER: 1066584 Report of the Trustees and Consolidated Audited Financial Statements for the Year Ended 31 March 2024 Chesterfield & District Society for people with a disability Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ
Chesterfield & District Society for people with a disability Contents of the Financial Statements for the year ended 31 March 2024 Page Report of the Trustees Report of the Independent Auditors 8 to 10 Consolidated Ststement of Financial Activities ststement of Financial Activities 12 Consolidated Statement of Financial Position 13 to 14 Statement of Financial Position 15to 16 Consolidated Statement of Cash Flows 17to 19 statement of Cash Flows 20 to 22 Notes to the Consolidated Financial Statements 23 to 39 Detailed Statement of Financial Activities 40 to 41
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted 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 1 January 2019).
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 OBJECTIVES AND ACTIVITIES The Charity is a registered care provider with the Care Quality Commission and Ofsted. The Charity provides a registered domiciliary Servi in the community providing 24 hour support to people with a learning disability and complex health needs. Ability have been providing care and support to people wrth learning disabilities andlor mental health problems since 1952. The Charity aims to deliver servi$ that promote inclusion, empowerment, rights and Chols. Ability aims to provide support forthose people who cannotwholly look afterthemselves. The Charity provides ServIS in people's own homes, at times convenient to them and in ways in which they find most agreeable. The Charity has very sound principles for the way in which they deliver their seNices with the belief that the rights of Ser41 users are paramount. All ServIS provided by Ability subscribe to the following principles- Everyone must be valued and treated with dignity and respect. Everyone has the right to live as independently as possible. according to their Chols, abilities and needs. Everyone has the right to privacy. Everyone should be able to use local community facilities and servIs. Everyone's life can be made richer by a wide circle of friendships and relationships. The Charity aims to: Provide personal care and support in ways thal have positive outcomes for service users. Fully understand each individual service userfs needs and wishes. Develop and implement an individual package of care for each service user to ensure that the care being offered meets the se1 userfs needs. Monitor and review this package of care to respond to any changing pattern of needs. Monitor and review the quality of our services through regular Se1 user feedback, internal and external audit processes and consultation with purchasing agencies. Employ a high quality work for with support and training to the standards set by the National Training Organisation and other government regulations. The nature of the services which the Charty provides are" Domiciliary care 24 hours 7 days a week. Supported living. Respite seNices at Ash Lodge site. Day services. Ability provides domiciliary care, resprte, supported living outreach and day services to people with a learning disability, complex health needs or a mental health problem within their ownlfamily home. The Charity's aim is to provide a high standard of care, which will help to promote the best quality of life for the sep11 users, consistent with their abilities and rights to- Privacy Dignity Independen Security Civil Rights Choice Page
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 Fulfilment Domiciliary Care sen41s refer specifically to those seNices where personal care is required: Physical care at the required level supporting people with using the toilet, having a bath or a shower, getting dressed and cooking or eating. Non-physical care such as advice, encouragement and supeNision i.e. prompting a person to take a bath and supervising them during this. In most instances, this personal care is provided alongside other Support servIs in terms of ability's role as a specialist support & care provider in the community. Ability has developed and implemented a wide range of policies and procedures, which help the Organisation to deliver its services in a very professional and safe manner. Policies and prOdureS cover, amongst others, such matters as: Promoting independen Person centre planning Assisting with medication First aid Equal opportunities for seniice users Confidentiality Risk management & assessment Provision of non-discriminatory services Health & safety matters Fire and emergency prOdureS Moving & handling Safeguarding prevention of abuse of vulnerable adults Deprivation of liberty Human rights Complaints Personnel issues Financial procedures Quality assurance These are all designed to ensurethat our staff are fully aware of their responsibilities and are enabled to do their jobs efficiently. The Charity's staff undertake a thorough induction. including the Common Induction Standards, The Domiciliary Care handbook and training pack and the Human Resources Manual. A training programme is designed to rneet individual needs and on-going training through the extensive ability In-house Training Programme. This is supplemented through staff attendan at external courses as appropriate. After 6 monlhs probationary period is completed, all staff are trained to National Vocational Qualifications level 3 HSC and first Line Managers to level 4 HSC and the Registered Managers Award. The vast majority of staff have either obtained the relevant National Vocational Qualifications in Care andlor Management or are in the prOsS of undertaking these courses. Most of the Charity's services are purchased by local Social servi departments and Health Authority NHS PCT. Page
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The perfomiance achieved was in accordance with the objectives set. Fundraising activities The perfomiance achieved was in accordance with the objectives set. Subsidiary Perfonnance The perfOrrnan achieved was in accordance wilh the objectives set. FINANCIAL REVIEW Principal funding sources The principal funding SoUrS for the charty have been grant and contract income from Derbyshire County Council and North East Derbyshire Primary Care Trust. Bank Funding In October 2008 the charity purchased and refurbished Ash Lodge. this was partly financed by a bank loan, at the start of the year the balance was £187,130 which has been paid off during the year. These premises are used for the provision of training and outreach servIs. In July 2013 the charity purchased a house on Church Close, Staveley. This was partly financed by a bank loan, £nil (2023.. £121.342) of which is owed by the charity at the balan sheet date as all the balance has been paid off. These premises are let to Ability Supported Living Derbyshire Ltd for the provision of accommodation to users. In March 2016 the charity purchased a house at Barrow Hill, Chesterfield. This was partly financed by a bank loan, which has fully paid at the balan sheet date. These premises are let out at a market rent. Reserves policy The trustees have established a policy whereby the funds not committed or invested in tangible assets (the 'free resenies,) should be enough to cover the expenses incurred if it was unable to secure adequate short term funding and also to enable it to make any investment necessary to secure its future. The trustees feel that the current level of free reserves is within this target. Increase in funds During the year the Trust has had a net increase in funds as shown on the Statement of Financial Activities on Page 11. Subsidiary policy The taxable profits of the subsidiary have been donated, in full to the Charity. FUTURE PLANS The future plans of the charty are to continue with current objectives whilst actively seeking new revenue streams. The Charity anticipates that Covid 19 will have an impact on the future activities of the Charity. It may affecl the level of ServIS that the Charity will be able to provide in the future but the Charity will adapt and take advantage of any opportunities that present themselves. Page
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is established as a company limited by guarantee, without share capital, and is registered as a charity with the Charity Commission. The affairs of Ihe charty are governed by its Memorandum and Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. Recruitment and appointment of new trustees Any new appointments are at the recommendation of the board. Organisational structure The charity is managed by the Board of Directors. The Directors are also charity trustees for the purposes of charity law and are known as members of the Executive Committee. The committee is elected annually. The Charity has continued to deliver high qualrty ServIS with a focus on Servi user choice. The accounts for 2023124 show a surplus of £139,113 before gains on investments. Management has worked hard to cut out unnecessary expenditure. improve working praCtiS, and introduce new procedures. The Charity is no longer reliant on agency staff and further investments have been made in staff and systems. Trustees are looking to the future with a high degree of confidence. Induction and training of new trustees New trustees are briefed on their legal obligations under charty and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. In addition, they are encouraged to familiarise themselves with the charty and the context within which rt operates. Related parties The charity acquired a wholly owned subsidiary on 31 July 2013. The subsidiary, Ability Supported Living Derbyshire Limited, was incorporated on 31 July 2013 for the purpose of the provision of supported living accommodation. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03442643 (England and Wales) Registered Charity number 1066584 Registered office Unit 29131, Coney Green Business Centre 103 Wingfield View Clay Cross Chesterfield Derbyshire S45 9JW Trustees T D Holmes Trustee G R Cooling Trustee T J Lindley Trustee J J Renshaw Trustee (appointed 4.9.23) Page
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ Solicitors Keiran Clarke Green 36 claren Road Chesterfield S40 1XB Bankers Barclays Bank Rose Hill Chesterfield Derbyshire Nat West 5 Market Place Chesterfield Derbyshire STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Chesterfield & District Society for people with a disability for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 charitable company and of the incoming reSoUrS and application of reSoUrs, including the income and expenditure. of the charitable company for that period. In preparing Ihose financial stalemenls, the trustees are required to select suitable accounting policies and then apply them consistentty., obsenie the methods and principles in the Charrty SORP; make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Page
Chesterfield & District Society for people with a disability Report of the Trustees for the year ended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the 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 the trustees are aware" there is no relevant audit information of which the charitable company's audrtors are unaware; and the trustees have taken all steps that they oughl to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to the guidan published by the Charty Commission. AUDITORS The auditors, Royston Parkin Ltd. will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on .....30th October 2024..... and signed on its behalf by.. T D Holmes - Trustee Page
Report of the Independent Auditors to the Members of Chesterfield & District Society for people with a disability Opinion We have audited the financial statements of Chesterfield & District Society for people with a disability (the 'parent charitable company.) and it's subsidiary (The 'Group') forthe year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, Charitable Company Statement of Financial Activities, Consolidated Statement of Financial Position, Charitable Company Statement of Financial Position, Consolidated Statement of Cash Flows, Charitable Company Statement of Cash Flows and Notes to the Consolidated Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion the consolidated financial statements- give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2024 and of its incoming resources and application of reSoUrs, including its income and expenditure. for the year then ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland," and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan wrth Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in Ihe UK, including Ihe FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden 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 staternents is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going conrn for a period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilrties of the trustees with respect lo going concem are described in the relevant seclions of this report. Page
Report of the Independent Auditors to the Members of Chesterfield & District Society for people with a disability Other information The trustees are responsible for the other infomiation. The other infomiation comprises the information 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 information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, 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 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 malerial 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 infonnation. 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 the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of Ihe charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept or retums adequate for our audit have not been reiVed from branches not visited by us; or the financial statements are not in agreemenl 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 take advantage of the small cornpanies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Irustees 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 twstees are responsible for assessing the group's and parent charitable company's ability to continue as a going concem. disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Page
Report of the Independent Auditors to the Members of Chesterfield & District Society for people with a disability Our 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 a Report of the Independent Auditors that includes our opinion. Reasonable assuran is a high level of assurance, but is not a guarantee that an audit conducted in accordan 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 Influen 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.. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at w*Mv.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members. as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audtt 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 fomied. Lynn Catherine Pridmore (Senior Statutory Auditor) for and on behalf of Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ Date.. ..30" October 2024....... Page
Chesterfield & District Society for people with a disability Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds fund Notes INCOME AND ENDOVVMENTS FROM Donations and legacies 5,802 5,802 7,365 Charitable activities Charitable activities 1,974,392 1.974.392 1,866,278 Other trading activities Investment income 89,473 29,364 89,473 29,364 58,956 25,116 Totsl 2 099,031 2 099 031 1,957,713 EXPENDITURE ON Charitable activities Charitable activities 1,953,296 1,953,296 1,875,223 Other 10,155 18,486 Totsl 1963 451 1963 451 1,893,710 NET INCOME 135,580 135,580 64,003 RECONCILIATION OF FUNDS Total funds brought forward 1,313,229 1,313,229 1,249,226 TOTAL FUNDS CARRIED FORWARD 1448 809 1448 809 1,313,229 Page
Chesterfield & District Society for people with a disability Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds fund Notes INCOME AND ENDOVVMENTS FROM Donations and legacies 5,802 5,802 2,383 Charitable activities Charitable activities 1,974,392 1.974.392 1,866,276 Other trading activities Investment income 52,038 50,967 52,038 50,967 30,448 38,440 Totsl 2 083,199 2 083 199 1,937,547 EXPENDITURE ON Charitable activities Charitable activities 1,933,930 1,933,930 1,855,424 Other 10,156 18,485 Totsl 1943,754 1943 754 1,873,909 NET INCOME 139,113 139.113 63,638 RECONCILIATION OF FUNDS Total funds brought forward 1,324,065 1,324,065 1,260,427 TOTAL FUNDS CARRIED FORWARD 1463,178 1463 178 1,324,065 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Consolidated Statement of Financial Position 31 March 2024 2024 2023 Notes FIXED ASSETS Tangible assets Investments Investment property 14 564,353 597,545 16 273,069 273,069 837,422 870,614 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 17 18 3,000 114,772 694,019 3,000 101,394 701,642 811,791 806,036 CREDITORS Amounts falling due within one year 19 (165,421) (135,165) NET CURRENT ASSETS 646,370 670,871 TOTAL ASSETS LESS CURRENT LIABILITIES 1,483,792 1,541,485 CREDITORS Amounts falling due after more than one year 20 (34,983) (228,257) NET ASSETS 1,448,809 1,313,229 FUNDS Unrestricted funds 1,448,809 1,313,229 TOTAL FUNDS 1,448,809 1,313,229 The notes form part of these financial statements Page continued...
Chesterfield & District Society for people with a disability Consolidated Statement of Financial Position - continued 31 March 2024 These financial statements have been prepared in accordan wrth the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on . October 2024 ...... and were signed on its behatF by: .30 th T D Holmes - Trustee The notes form part of these financial statements Page continued...
Chesterfield & District Society for people with a disability Statement of Financial Position 31 March 2024 2024 2023 Notes FIXED ASSETS Tangible assets Investments Investments Investment property 14 507,703 537,362 15 16 273,069 273,069 780,773 810,432 CURRENT ASSETS stocks Debtors Cash at bank and in hand 17 18 3,000 188,560 694,019 3,000 257,331 863,735 885,579 1,124,066 CREDITORS Amounts falling due within one year 19 (168.191) (382,176) NET CURRENT ASSETS 717,388 741,890 TOTAL ASSETS LESS CURRENT LIABILITIES 1,498,161 1,552,322 CREDITORS Amounts falling due after more than one year 20 (34,983) (228,257) NET ASSETS 1,463,178 1,324,065 FUNDS Unrestricted funds 25 1,463,178 1,324,065 TOTAL FUNDS 1,463,178 1,324,065 The notes form part of these financial statements Page continued...
Chesterfield & District Society for people with a disability Statement of Financial Position - continued 31 March 2024 These financial statements have been prepared in accordan wrth the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on . October 2024..... and were signed on its behalf by: .30 th T D Holmes - Trustee The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Consolidated Statement of Cash Flows for the year ended 31 March 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations Interest paid 234,967 10,155 137,637 18,485 Net cash provided by operating activities 245,122 119,152 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received (70,271) 24,800 5,364 (68,812) 1,091 Net cash used in investing activities 40,107) 67,721) Cash flows from financing activities Loan repayments in year Loan interest in year Capital repayments in year (262,713) 2,509 2,227 (152,022) 18,366 Net cash used in financing activities 257.977) 133,656) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (52.962) (82,225) 701,642 783,867 Cash and cash equivalents at the end of the porting period 648.680 701,642 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Notes to the Consolidated Statement of Cash Flows for the year ended 31 March 2024 RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assels Interest received Interest paid {Increase)/decrease in debtors Increasel(decrease) in creditors 123,312 64,003 74,280 4,384 (5,364) 10,155 113,378 41,578 87,779 (1,091) 18,485 52,540 83,670 Net cash provided by operations 234 967 137,637 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand Noti deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 333 693.686 835 862,900 45.339) 162,093) Total cash and cash equivalents 648,680 701,642 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Notes to the Consolidated Statement of Cash Flows for the year ended 31 March 2024 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand Bank overdrafl 863,735 162,093 1169,716) 116,754 694,019 45,339 701,642 52,962 648,680 Debt Finance leases Debts falling due within 1 year Debts falling due after 1 year (38,870) 31,947 228,257 (38,870) (31,947) 228,257 260,204 221,334 38,870 Total 441,438 168,372 609,810 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Statement of Cash Flows for the year ended 31 March 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations Interest paid 232,954 10,155 120,068 18,485 Net cash provided by operating activities 222,799 101,583 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received Dividends received (69,551) 24,800 5,364 21,603 (64,567) 1,091 13,324 Net cash used in investing activities 17,784) 50,152) Cash flows from financing activities Loan repayments in year Loan interest in year Capital repayments in year (262,713) 2,509 2,227 (152,022) 18,366 Net cash used in financing activities 257.977) 133,656) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (52.962) (82,225) 701,642 783,867 Cash and cash equivalents at the end of the porting period 648.680 701,642 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Notes to the Statement of Cash Flows for the year ended 31 March 2024 RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assels Interest received Interest paid Dividends received {Increase)Idecrease in debtors Increasel(decrease) in creditors 139,445 63,638 70,027 4,384 (5,364) (1,091) 10,155 18,485 121,6031 (13,324) (13,378) 52,540 49,288 83,720 83,540 Net cash provided by operations 232.954 120,068 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 333 693.686 835 862,900 45,339) 162,093) Total cash and cash equivalents 648,680 701,642 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Notes to the Statement of Cash Flows for the year ended 31 March 2024 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand Bank overdrafl 863,735 162,093 1169,716) 116,754 694,019 45,339 701,642 52,962 648,680 Debt Finance leases Debts falling due within 1 year Debts falling due after 1 year (38,870) 31,947 228,257 (38,870) (31,947) 228,257 260,204 221,334 38,870 Total 441,438 168,372 609,810 The notes form part of these financial statements Page
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements for the year ended 31 March 2024 CONTINUING OPERATIONS The results for the year derive from continuing activities and there are no gains or losses other than shown above. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charrtable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Income All income is recognised in the Stalement of Financial Activities once the charity has entitlement to the funds, it is probable that the incorne will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cornrnitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classtfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided on fixtures. frttings, equipment and motor vehicles at 30 %, on a reducing balance basis, so as to wrrte off the cost of each asset, less eslimated residual value, over its expected useful lrfe. No depreciation is provided on freehold land. Depreciation is provided on refurbishment of freehold buildings at 4 % on a straight line basis. The charity carries out a periodic impaimient review of all assets which are not depreciated. Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 ACCOUNTING POLICIES - continued Investment property Investment propety is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempl from corporation lax on its charitable activities. Irrecoverable Value Added Tax on expenditure has been included with the cost to which it relates Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Designated funds are part of Unrestricled funds that the Trustees have earmarked for a particular use, without restricting or committing the funds legally. The designation may be Canlled by the TrUStS if they later decide that the Charity should not continue with the project for which the funds were designated. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits 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 period to which they relate. Gifts in kind The society received the benefit of work carried out by volunteers and reiVed the use of facilities and equipmenl without charges. Although the Charity would be unable to continue without the help and support of these volunteers, there has been no monetary value is placed on these items within the accounts. Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 DONATIONS AND LEGACIES Group and Charity 2024 2023 Donations Grants 957 4,845 70 2,313 5,802 2,383 Grants received. included in the above. are as follows: 2024 2023 Derbyshire County Council 4,845 2,313 OTHER TRADING ACTIVITIES Group 2024 2023 Restaurant income Sundry income 219 17,229 89,473 89,473 17,448 Charity 2024 2023 Restaurant income Sundry income Rental income from subsidiary 219 17,229 13,000 39.038 13,000 52,038 30,448 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 INVESTMENT INCOME Group 2024 2023 Rent from investment property Deposit account interest 24,000 5.364 24,025 1,091 29,364 25,116 Charity 2024 2023 Rent from investment propety Donation from subsidiary Deposit account interest 24.000 21.603 5.364 24,025 13,324 1,091 50,967 38,440 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES Group and Charity 2024 2023 Activity Income from ServIS provided Charitable activities 1.974.392 1,866,276 CHARITABLE ACTIVITIES COSTS Group Support costs (see note 8) Direct Costs Totals Charitable activities 1,944,336 8,960 1,953,296 Charity Support costs (see note 8) Direct Costs Totals Charitable activities 1,924,970 8,960 1,933,930 SUPPORT COSTS Group and Charity Governan costs Charitable activities 8,960 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 NET INCOMEI(EXPENDITURE) Group Net incomel(expenditure) is stated after chargingl(crediting)-. 2024 2023 Depreciation - owned assets Deficit on disposal of fixed assets 74,279 4.384 87,779 Charity Net incomel(expenditure) is stated after chargingl(crediting)". 2024 2023 Depreciation - owned assets Deficit on disposal of fixed assets 70,026 4,384 83,541 10. AUDITORS. REMUNERATION 2024 2023 Fees payable to the charity's auditors for the audit of the charity's financial statements 8,960 8,358 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 11. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for Ihe year ended 31 March 2024 nor for the year ended 31 March 2023. 12. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 1,477,810 1,376,113 123,805 115,393 29,379 28,252 1,630,994 1,519,758 The average monthly number of employees during the year was as follows.. 2024 61 2023 59 Charity employees The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2024 2023 £60,001- £70,000 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2,383 2,383 Charitable activities Charitable activities 1,866.276 1,866,276 Other trading activities Investment income 30,448 38,440 30,448 38,440 Total 1,937,547 1,937,547 EXPENDITURE ON Charitable activities Unrestricted Restricted funds fund Total funds Charitable activities 1,855,267 157 1,855,424 Other 18,485 18,485 Totsl 1,873.752 157 1,873,909 NET INCOMEI(EXPENDITURE) 63,795 (157) 63,638 RECONCILIATION OF FUNDS Total funds brought forward 1,260.270 157 1,260,427 TOTAL FUNDS CARRIED FORWARD 1,324,065 1,324,065 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 14. TANGIBLE FIXED ASSETS Group Fixtures and fingS Freehold property Motor vehicles Computer equipment Totals COST At 1 April 2023 Additions Disposals 1,286,164 376.793 9,762 116,497) 102,507 54,097 41,189) 18,662 1,784,126 6,412 69,551 157,686) At 31 March 2024 1,286,164 270.058 115,415 25,074 1,679.711 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 823,760 40,981 303.509 8.760 116.145) 47,316 21,432 12,357) 11,996 1,186.581 3.106 70,026 128,502) At 31 March 2024 864,741 196.124 56,391 15,102 1,132,358 NET BOOK VALUE At 31 March 2024 421,423 73.934 59,024 9,972 564,353 At 31 March 2023 462,404 73,284 55,191 6,666 597,545 Included in cost or valuation of land and buildings is freehold land of £31,091 (2023- £31,091) which is not depreciated. Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 14. TANGIBLE FIXED ASSETS Charity Fixtures and fingS Freehold property Motor vehicles Computer equipment Totals COST At 1 April 2023 Additions Disposals 1,286,164 266,935 9,042 116,497) 102,507 54,097 41,189) 18,662 1,674,268 6,412 69,551 157,686) At 31 March 2024 1,286,164 159.480 115,415 25,074 1,586.133 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 823,760 40,981 253.834 4.507 116.145) 47,316 21,432 12,357) 11,996 1,136.906 3.106 70,026 128,502) At 31 March 2024 864,741 142.196 56,391 15,102 1,078,430 NET BOOK VALUE At 31 March 2024 421,423 17.284 59,024 9,972 507.703 At 31 March 2023 462,404 13,101 55,191 6,666 537,362 Included in cost or valuation of land and buildings is freehold land of £31,091 (2023 - £31,091) which is not depreciated. 15. FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At 1 April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 There were no investment assets outside the UK. The company's investments at the balan sheel date in the share capital of companies include the following= Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 Ability Supported Living Derbyshire Ltd Registered office.. 12a Beresford Way, Chesterfield, Derbyshire, S419FG Nature of business: Supported Living - Accommodation on Class of share: Ordinary holding 100 2024 2023 Aggregate capital and reserves {Loss}/profit for the year 3,533 364 The Subsidiary is taking advantage of exemption from audrt under section 479a of the Companies Act 2006 relating to subsidiary companies for the period ended 31 March 2022. In order to take advantage of this exception, the Chanty has gtven a guarantee under section 479c of all outstanding liabilities of the Subsidiary at the 31 March 2024. This guarantee is enforceable against the Charity by any person to whom the Subsidiary is liable at 31 March 2024. 16. INVESTMENT PROPERTY FAIR VALUE At 1 April 2023 and 31 March 2024 273,069 NET BOOKVALUE At 31 March 2024 273,069 At 31 March 2023 273,069 The investment propety was revalued on 19th November 2019 on an open market basis by independent valuers Mark Jenkinson & Son. Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 17. STOCKS 2024 2023 Stocks 3.000 3,000 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charity 2024 2023 2024 2023 Trade debtors Amounts owed by group undertakings Other debtors Accrued income Prepayments 60.655 50,024 60,655 73.788 50,024 155,937 8,229 29,407 16.481 6,415 32,444 12,511 8,229 29,407 16.481 6,415 32,444 12,511 114.772 101,394 188,560 257,331 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charity 2024 2023 2024 2023 Bank loans and overdrafts (see note 21) 45,339 Hire purchase (see note 22) 3,887 Trade creditors 8.123 Amounts owed to group undertakings Credit card balance Wages control Deferred income Accrued expenses 194,040 45,339 3,887 8.123 4,369 938 27,374 3,778 74,383 194,040 4,273 4,273 86,468 1,053 21,354 938 27,374 3,778 75.983 1,053 21,354 76.538 74,988 165,421 163,470 168,191 382,176 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see nole 21) Hire purchase (see note 22) 228,257 34,983 34,983 228,257 21. LOANS An analysis of the maturrty of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank overdrafts Bank loans 45.339 162,093 31,947 45,339 194,040 Amounts falling between one and two years.. Bank loans 228,257 22. LEASING AGREEMENTS Minimum lease payments under hire purchase fall due as follows: 2024 2023 Net obligations repayable.. Within one year Between one and five years 3,887 34,983 38,870 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 23. SECURED DEBTS The bank loan with Nat West was secured on the Charity's propety at 73 Old Road, Chesterfield and its associated assets. The loan represented 94 % of the NBV of the property in 2023 however, it has been fully paid in the year and no balan is outstanding. The bank loan with Barclays was secured on the Charity's property at 1 Church Close, Chesterfield. The loan has fully during the year. The second bank loan with Barclays was secured on the Charity's property at BaoW Hill, Chesterfield. The loan now fully paid by the charity. 24. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted Restricted funds fund Fixed assets Investments Current assets Current liabilities Long term liabilities 507,703 273,070 885,579 (168,191) 34.983) 507.703 537,362 273,070 273,070 885,579 1,124,066 (168,191) (382,176) 34.983) 228,257) 1,463,178 1,463,178 1,324,065 25. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Designated fund 1,191,387 132,678 113,097 1,305,152 25,348 158,026 1.324,065 139,113 1.463,178 TOTAL FUNDS 1,324,065 139,113 1,463.178 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 25. MOVEMENT IN FUNDS- continued Net movement in funds, induded in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund Designated fund 2,048,596 (1,934,831) 34,603 9.255) 113.765 25,348 2.083,199 1.944.086 139,113 TOTAL FUNDS 2,083,199 1,944,086) 139,113 Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Designated fund 1.138,251 122,019 53,136 1,191,387 10,659 132,678 1,260,270 63,795 1,324,065 Restricted funds Restricted Funds 157 (157) TOTAL FUNDS 1,260,427 63,638 1,324,065 Comparative net movement in fvnds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund Designated fund 1.911,223 (1,858,087) 26,324 15,665) 53,136 10,659 1,937,547 (1,873,752) 63,795 Restricted funds Restricted Funds (157) (157) TOTAL FUNDS 1,937,547 1,873,909) 63,638 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 25. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund Designated fund 1,138,251 122,019 166,901 36,007 1,305,152 158,026 1,260,270 202,908 1,463,178 Restricted funds Restricted Funds 157 (157) TOTAL FUNDS 1,260,427 202,751 1,463,178 A current year 12 months and prioryear 12 months combined net movement in funds, included in the above are as follows" Incoming Resources Movement reSoUrS expended in funds Unrestricted funds General fund Designated fund 3.959,819 (3,792,918) 60,927 24,920) 166,901 36,007 4,020.746 (3,817,838) 202,908 Restricted funds Restricted Funds (157) (157) TOTAL FUNDS 4,020,746 3,817,995) 202,751 Page continued...
Chesterfield & District Society for people with a disability Notes to the Consolidated Financial Statements - continued for the year ended 31 March 2024 26. RELATED PARTY DISCLOSURES During the year the Charity paid Excel Automotive Limited. a related paty of fomier trustee Davina Bradley £3,029 (2023 £10,332) for vehicle repairs. These transactions were undertaken at market rates. At the year end the amount due to Excel Automotive Limited was £Nil (2023 £466). During the year the Charity paid HW Dansie Limited, a related party of former trustee Paul Rice, £6,515 (2023 £7,080) for office supplies. These transactions were undertaken at market rates. At the year end the amount due to HW Dansie Limited was £394 (2023 £425). Page
Chesterfield & District Society for people with a disability Detailed Statement of Financial Activities for the year ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 957 4,845 70 2,313 5,802 2.383 other trading activities Restaurant income Sundry income Rental income from subsidiary 219 17,229 13,000 39,038 13,000 52,038 30,448 Investment income Rent from investment property Donation from subsidiary Deposit account interest 24,000 21,603 5,364 24,025 13,324 1,091 50,967 38,440 Charitable activities Income from services provided 1,974,392 1,866,276 Total incoming resources 2.083.199 1,937,547 EXPENDITURE Charitable activities Wages Social security Pensions Rent, rates, light and heat Insurance Activities and volunteers expenses Motor and travelling Staff training Professional fees Sundries Cleaning Carried forward 1,477,810 1,376,113 123,805 115,393 29,379 28,252 39,182 38,928 13,690 10,472 7,711 7,401 21,820 27,173 20,600 12,807 14,964 18,906 4,751 3,654 2,039 3,352 1,755,420 1,642,451 This page does not form part of the statutory financial statements Page
Chesterfield & District Society for people with a disability Detailed Statement of Financial Activities for the year ended 31 March 2024 2024 2023 Charitable activities Brought forward Bank charges Telephone Postage and stationery Repairs Computer Costs Donations paid Recruitment expenses Freehold property Fixtures and fittings Motor vehicles Computer equipment Loss on sale of tangible fixed assets 1.755.420 1,642,451 83 140 9,969 9,190 11,585 10,530 43,271 75,649 18,508 12,933 876 2,528 10,516 8,936 40,981 51,415 4,507 5,615 21,432 23,653 3,107 2,857 4.384 1.924,970 1,845,897 Other Bank interest Other interest 7,203 2,952 18,365 120 10,155 18,485 Support costs Management Advertising 1,169 Governance costs Auditors. remuneration 8,960 8,358 Total reSoUrS expended 1,944,086 1,873,909 Net income 139,113 63,638 This page does not form part of the statutory financial statements Page