Registered number: 03442643 Charity number: 1066584 CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) CONTENTS Reference and administrative details of the Charity, its Trustees and advisers Trustees' report Independent auditor's report on the financial statements Consolidated statement of financial activities Consolidated balance sheet Charity balance sheet Consolidated statement of cash flows Notes to the financial statements Page 1 2-8 9-12 13 14-15 16 - 17 18 19 - 40
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees TD Holmes GR Cooling T Lindley (resigned 24 November 2025) JJ Renshaw Company registered number 03442643 Charity registered number 1066584 Registered office Unit 29/31, Coney Green Business Centre 103 Wingfield View Clay Cross Chesterfield Derbyshire S591W Independent auditor BHP LLP Chartered Accountants Basin Square Brimington Road Chesterfield S41 7FH Bankers Barclays Bank Rose Hill Chesterfield Derbyshire Solicitors Keiran Clarke Green 36 Clarence Road Chesterfield S40 1XB Senior Management Team Nathan Wood, CEO Julie Murtagh, Finance Manager Spencer Clarke, Registered Manager Donna Widerman, Registered Manager Page 1
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 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 2025. 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). Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. Objectives and activities The Charity is a registered care provider with the Care Quality Commission and Ofsted. The Charity provides a registered domiciliary service in the community providing 24-hour support to people with a learning disability and complex health Ability have been providing care and support to people with learning disabilities and/or mental health problems since 1952. The Charity aims to deliver services that promote inclusion, empowerment, rights and choices. Ability aims to provide support for those people who cannot wholly look after themselves. The Charity provides services 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 services with the belief that the rights of service users are paramount. All services 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 choices, abilities and needs. Everyone has the right to privacy. Everyone should be able to use local community facilities and services. 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 that have positive outcomes for service users. Fully understand each individual service user's needs and wishes. Develop and implement an individual package of care for each service user to ensure that the care being offered meets the service user's 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 service user feedback, internal and external audit processes and consultation with purchasing agencies. Employ a high quality work force with support and training to the standards set by the National Training Organisation and other government regulations. The nature of the services which the Charity provides are: Domiciliary care 24 hours 7 days a week. Supported living. Respite services at Ash Lodge site. Day services. Ability provides domiciliary care, respite, supported living outreach and day services to people with a learning disability, complex health needs or a mental health problem within their own/family home. Page 2
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activities (continued) The Charity's aim is to provide a high standard of care, which will help to promote the best quality of life for the service users, consistent with their abilities and rights to: Privacy Dignity Independence Security Civil Rights Choice Fulfilment Domiciliary Care Services refer specifically to those services 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 supervision 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 Services 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 procedures cover, amongst others, such matters as: Promoting independence Person centre planning Assisting with medication First aid Equal opportunities for service users Confidentiality Risk management & assessment Provision of non-discriminatory services Health & safety matters Fire and emergency procedures 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 ensure that our staff are fully aware of their responsibilities and are enabled to do their jobs efficiently. Page 3
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activities (continued) 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 meet individual needs and on-going training through the extensive ability In-house Training Programme. This is supplemented through staff attendance at external courses as appropriate. After 6 months 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 (if required). The vast majority of staff have either obtained the relevant National Vocational Qualifications in Care and/or Management or are in the process of undertaking these courses. Most of the Charity's services are purchased by local Social Service departments and Health Authority NHS PCT. Achievements and performance a. Charitable activities The performance achieved was in accordance with the objectives set. The charity set its objectives for the year 2024/2025 to continue to provide its current services with the addition of opening a new supported living site at Barrow Hill. Barrow Hill, Station Lodge was opened in January 2025. This property is rented out per room, and the charity provides the care support staff within the property. The charity has increased respite support meaning we have increased nightly support for multiple Services users. We had a 6.7% increase in fee rates from Derbyshire County Council and NHS. This amount was lower than we requested but this is expected each year due to the way DCC operate their increases. The Trustees consider this to have been a successful year for the Charity and look forward to continued progression and success in the future. b. Fundraising activities The charity does not fundraise currently, and this is something that we feel isn't important for us to do due to having central government contracts from DCC and NHS. We do see a future in the charity fundraising, but this isn't something we feel needs addressing currently. c. Subsidiary performance The performance achieved was in accordance with the objectives set. The subsidiary performance has always been to keep full occupancy at Church Close. This year we have had full occupancy, and we have increased the hours of support for the 4:4 ratio of SU and Staff. As a result, the subsidiary saw a 20% increase in turnover from £50,435 in 2024 to £60,514 in 2025, which resulted in a healthy profit of £30,848 (2024: £18,070). Page 4
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review a. Principal funding sources The principal funding sources for the charity have been grant and contract income from Derbyshire County Council, North East Derbyshire Primary Care Trust, NHS and Individual Care Budgets. b. Bank funding In October 2008 the charity purchased and refurbished Ash Lodge. These premises are used for the provision of training and outreach services. In July 2013 the charity purchased a house on Church Close, Staveley. 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. These premises were let out externally until May 2024 and we opened the premises as our own in January 2025. c. Reserves policy The trustees have established a policy whereby the funds not committed or invested in tangible assets (the 'free reserves') 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. A 3-month period of expenditure is considered sufficient for this purpose, for which the Trustees estimate a figure of around £543,000 would be required to cover expenses and continue running the Charity in its current format. Free reserves as at 31 March 2025 stand at £959,440 (2024: £611,387). This is £416,440 above the £543,000 required by the current reserves policy. d. 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 13. As a result of the fee rate increases from DCC and the NHS, income from charitable activities increased in the year by 6.2% to £2,097,747 (2024: £1,974,392). The sale of the property on Victoria Street for £218,000 saw a gain on disposal of £188,254. Staff costs were the main reason for the increase in expenditure in the year, with increases deemed necessary by the Trustees. Other costs remained stable on the whole. The result for the year saw a surplus of £299,898 (2024: £135,580) which is a 121.2% increase on the previous year. The results for the year represent a brilliant outcome for the charity, and we expect to increase our income through to 2025/2026 even further due to extra services now being commissioned and a 7% fee rate increase from DCC for Supported Living. Page 5
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 e. Going concern As outlined in Note 32, following the year end, the charity's trading subsidiary, Ability Supported Living Derbyshire Limited, initiated proceedings to transfer its activities, assets and liabilities to its parent undertaking, Chesterfield and District Society for People with a Disability. The Trustees consider that this development does not have a material impact on the financial position or overall going concern status of the group or parent undertaking. The Trustees have assessed the financial forecasts and reserves of Chesterfield and District Society for People with a Disability and are satisfied that it has sufficient resources to continue as a going concern for the foreseeable future. Structure, governance and management a. 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 the charity 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. b. Recruitment and appointment of new trustees Any new appointments are at the recommendation of the board. c. 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 quality services with a focus on service user choice. Management has worked hard to cut out unnecessary expenditure, improve working practices, 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. d. Induction and training of new trustees New trustees are briefed on their legal obligations under charity 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 charity and the context within which it operates. e. Pay policy for key management personnel KMP remuneration is determined by the board of trustees. A meeting will take place at least annually to discuss any increases to salaries. The trustees will then sign this off as final and complete any relevant checks on this. f. Principal risks and uncertainties All major risks have been reviewed and we have systems, policies and procedures in place that all risks to the charity. Page 6
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management (continued) g. 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. All related parties should be known to the trustees before appointment, they are also reviewed yearly or as and when required i something was to change. Once known each RP will be discussed between the trustee board h. Trustees indemnities Where any qualifying third-party indemnity provision is in force at the time of approval of the report or during the period, for the benefit of one or more directors, this fact should be included. Plans for future periods The future plans of the charity are to continue with current objectives whilst actively seeking new revenue streams. The Charity anticipates that Covid 19 will continue to have an impact of the sector and the charity due to continued reviews on contracts that haven't been completed since the pandemic and have an impact on the future activities of the Charity. We are working hard to fill the 2 voids at our Station Lodge site at Barrow Hill. We will continue with all our other service offerings into 2025/2026. Our main focus over the next 12 months will be the purchase of a new Head Office. This will be a big step forward for us as a charity, this will allow us to have our own training and recruitment premises and give us the ability to let part of the building for external use again adding to the income of the charity. Page 7
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees' responsibilities The Trustees (who are also the directors of the Charity for the purposes 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: • select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and 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 Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditor Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: • so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditor is unaware, and • that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditor is aware of that information. Auditor The auditor, BHP LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by: TD Holmes Date: Page 8
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY We have audited the financial statements of Chesterfield & District Society for people with a disability (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2025, which comprise the consolidated statement of financial activities, the consolidated balance sheet, the company balance sheet, the consolidated 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 group's and parent charitable company's affairs as at 31 March 2025, and of the group's 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 responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company 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 group and parent charitable company'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 trustees' report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. 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. Page 9
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (CONTINUED) 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 trustees' report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and • the directors' report included within the trustees' report 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 the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' 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 by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or . the parent charitable company's financial statements are not in agreement with the accounting records and returns; •• or certain disclosures of directors' 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 directors' report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors of the parent 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 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 group and parent charitable company'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 group or parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditor 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 Page 10
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (CONTINUED) onsidered material if, individually or in the aggregate, they could reasonably be expected to influence the economi decisions of users taken on the basis of these financial statements Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below • the engagement responsible individual 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 charitable group through discussions with management and trustees and from our knowledge and experiences of the sector; we focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable group, including Charities Act 2011, Companies Act 2006, GDPR, employment law, food standards agency and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and trustees; • identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charitable group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by; making enquiries of management and trustees 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 risks of fraud through management bias and override 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 set out in note 3 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 including Finance and Audit Committee; enquiring of management as to actual and potential litigation and claims. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. Page 11
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (CONTINUED) 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 nembers those matters we are required to state to them in an auditor's report and for no other purpose. To the fulle: xtent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and th charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed Adrian Staniforth (Senior statutory auditor) for and on behalf of BHP LLP Chartered Accountants Statutory Auditor Basin Square Brimington Road Chesterfield S41 7FH Date: Page 12
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Income from: Donations and legacies Charitable activities Other trading activities Investments Other income Total income Expenditure on: Charitable activities Other expenditure Total expenditure Net income before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward Note 4 5 6 8 9,10 11 17 Unrestricted funds 2025 € 2007,707 61,014 21,404 178,591 2,358,756 2,057,771 3,018 2,060,789 297,967 1,931 299,898 1,448,809 299,898 1,748,707 Total funds 2025 2097,747 61,014 21,404 178,591 2,358,756 2,057,771 3,018 2,060,789 297,967 1,931 299,898 1,448,809 299,898 1,748,707 Total funds 2024 5,802 1,974,392 89,473 29,364 - 2,099,031 1,953,296 10,155 1,963,451 135,580 135,580 1,313,229 135,580 1,448,809 The Consolidated statement of financial activities complies with the requirements for an income and expenditure account under Companies Act 2006 and includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. Page 13
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) REGISTERED NUMBER: 03442643 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 Fixed assets Tangible assets Investment property Current assets Stocks Debtors Cash at bank and in hand Note 15 16 18 19 2025 789,267 - 789,267 2024 as restated 564,353 273,069 837,422 3,000 134,570 1,089,044 1,226,614 (239,096) 3,000 114,772 648,680 766,452 (120,082) Current liabilities Creditors: amounts falling due within one year 20 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 21 Total net assets Charity funds Restricted funds Unrestricted funds 23 23 Total funds 987,518 1,776,785 (28,078) 1,748,707 - 1,748,707 1,748,707 646,370 1,483,792 (34,983) 1,448,809 - 1,448,809 1,448,809 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Page 14
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) REGISTERED NUMBER: 03442643 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: TD Holmes Date: The notes on pages 19 to 40 form part of these financial statements. Page 15
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) REGISTERED NUMBER: 03442643 CHARITY BALANCE SHEET AS AT 31 MARCH 2025 2025 Fixed assets Tangible assets Investments Investment property Note 15 17 16 711,242 1 711,243 2024 as restated 507,703 1 273,069 780,773 Current assets Stocks Debtors Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Total net assets Charity funds Restricted funds Unrestricted funds Total funds 18 19 3,000 194,516 1,089,044 3,000 188,560 648,680 1,286,560 840,240 20 (254,977) (122,852) 1,031,583 717,388 1,742,826 1,498,161 21 (28,078) (34,983) 1,714,748 1,463,178 23 23 - 1,714,748 1,463,178 1,714,748 1,463,178 The Charity's net movement in funds for the year was £251,570 (2024 - £139,113). The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Page 16
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: TD Holmes Date: The notes on pages 19 to 40 form part of these financial statements. Page 17
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Interest received Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Net cash provided by investing activities Cash flows from financing activities Repayments of borrowing Repayments of finance leases Interest paid Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 19 to 40 form part of these financial statements Note 26 27 2025 273,015 19,404 226,500 (71,650) 174,254 - (3,887) (3,018) (6,905) 440,364 648,680 1,089,044 2024 as restated f 218,635 5,364 24,800 (16,175) 13,989 (260,204) (15,227) (10,155) (285,586) (52,962) 701,642 648,680 Page 18
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. Continuing operations The results for the year derive from continuing activities and there are no gains or losses other than shown above. 2. Accounting policies 2.1 Basis of preparation of financial statements The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Chesterfield & District Society for people with a disability meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements. 2.2 Going concern As outlined in Note 32, following the year end, the charity's trading subsidiary, Ability Supported Living Derbyshire Limited, initiated proceedings to transfer its activities, assets and liabilities to its parent undertaking, Chesterfield and District Society for People with a Disability. The Trustees consider that this development does not have a material impact on the financial position or overall going concern status of the group or parent undertaking. The Trustees have assessed the financial forecasts and reserves of Chesterfiel and District Society for People with a Disability and are satisfied that it has sufficient resources to continue a 2.3 Income All income is recognised in the statement of financial activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 19
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. Accounting policies (continued) 2.4 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlemen and the amount of the obligation can be measured reliably. Expenditure is accounted for onn an accruals basis and ahs been classified under headings that aggregate all cost related to the category. Where opsts cannot be directly attributed to particular headings they have been allocated to activities on a basis Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Taxation The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.7 Tangible fixed assets and depreciation Tangible fixed assets costing f1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Tangible fixed assets transferred from investment property are held at deemed cost, being the fair value at date of transfer. Page 20
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. Accounting policies (continued) 2.7 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis: Freehold property Motor vehicles Fixtures and fittings Computer equipment : : 4% straight line basis 30% reducing balance 30% reducing balance 30% reducing balance No depreciation is provided on freehold land. The charity carries out a periodic impairment review of all assets which are not depreciated. 2.8 Investments Investment property 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. Investments in subsidiaries are valued at cost less provision for impairment. 2.9 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due 2.11 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 21
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. Accounting policies (continued) 2.12 Liabilities and provisions piabies are cranited when the bean i relation e the a sece she date as result as evereis can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost. 2.13 Finance leases and hire purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. 2.14 Pensions 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 2.15 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds that the Trustees have earmarked for a particular use, without restricting or committing the funds legally. The designation may be cancelled by the Trustees if they later decide that the Charity should not continue with the project for which the funds were signated. Restricted funds can only be used for particular purposes within the objectivess of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Investment income, gains and losses are allocated to the appropriate fund. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 22
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3. 4. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Income from donations and legacies Donations Grants Unrestricted funds 2025 : Total 2024 Grants received are amounts received from Derbyshire County Council. 5,802 Total funds 2025 : - 5,802 Total funds 2024 957 4,845 5,802 Page 23
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5. Income from charitable activities Income from services provided Total 2024 Unrestricted funds 2025 2,097,747 1,974,392 6. Income from other trading activities Income from non charitable trading activities Sundry income Total 2024 Unrestricted funds 2025 61,014 89,473 Total funds 2025 € 2,097,747 1,974,392 Total funds 2025 € 61,014 89,473 Total funds 2024 1,974,392 Total funds 2024 89,473 Page 24
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment income Rent from investment property Deposit account interest Total 2024 Unrestricted funds 2025 € 2,000 19,404 21,404 29,364 8. Other income Sale of fixed assets Unrestricted funds 2025 € 178,591 Total funds 2025 2,000 19,404 21,404 29,364 Total funds 2025 178,591 Total funds 2024 24,000 5,364 29,364 Total funds 2024 € - Page 25
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on charitable activities Summary by fund type Charitable activities Total 2024 Unrestricted funds 2025 2,057,771 1,953,296 10. Analysis of expenditure by activities Charitable activities Total 2024 Direct costs Support costs 2025 2025 € € 2,036,237 1,944,336 21,534 8,960 Total 2025 € 2,057,771 1,953,296 Total funds 2025 2,057,771 1,953,296 Total 2024 1,953,296 Total funds 2024 € 1,953,296 Page 26
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTS RENDED MASTE TS 10. Analysis of expenditure by activities (continued) Analysis of direct costs Total 2025 Staff costs Depreciation Rent, rates, light and heat Insurance Activities and volunteers expenses Motor and travelling Staff training Professional fees Sundries Cleaning Bank charges Telephone Postage and stationary Repairs Computer costs Donations paid Recruitment expenses Loss on sale of tangible fixed assets 1,714,415 73,827 48,070 17,593 8,927 13,005 17,559 13,669 33,443 2,531 209 9,881 11,748 35,690 24,170 861 10,639 2,036,237 Analysis of support costs Governance costs Total funds 2025 € 21,534 Total funds 2024 1,630,994 74,280 39,182 13,690 7,711 21,820 20,600 14,964 19,863 2,039 83 9,969 11,586 43,271 18,508 876 10,516 4,384 1,944,336 Total funds 2024 8,960 Page 27
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Other expenditure Bank interest Other interest Total 2024 Unrestricted funds 2025 € - 3,018 3,018 10,155 12. Net income/(expenditure) This is stated after charging: Depreciation of tangible fixed assets: - owned by the charity (Profit)/Loss on disposal of fixed assets Auditor's remuneration - audit 13. Staff costs Wages and salaries Social security costs Contribution to defined contribution pension schemes Group 2025 € 1,548,525 135,848 30,042 1,714,415 Group 2024 1,477,810 123,805 29,379 1,630,994 Total funds 2025 € - 3,018 3,018 10,155 2025 73,827 (178,591) 14,900 Company 2025 1,548,525 135,848 30,042 1,714,415 Total funds 2024 7,203 2,952 10,155 2024 74,280 4,384 8,960 Company 2024 € 1,477,810 123,805 29,379 1,630,994 Page 28
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Staff costs (continued) The average number of persons employed by the Charity during the year was as follows: Group 2025 No. 57 Group 2024 No. 61 Charity employees The number of employees whose employee benefits (excluding employer pension costs) exceeded €60,000 was: Company 2025 No. 57 Group 2025 No. 1 Company 2024 No. 59 Group 2024 No. 1 In the band £70,001 - €80,000 The total amount of employee benefits including employers' pension and national insurance received by key management personnel is £170,674 (2024: £204,825). 14. Trustees' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - ENIL). Page 29
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Tangible fixed assets Group Cost At 1 April 2024 Additions Disposals Transfers between classes At 31 March 2025 Depreciation At 1 April 2024 Charge for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Freehold property Motor wehides 1,286,164 (443,939) 275,000 1,117,225 115,415 (19,669) - 95,746 864,741 36,073 (399,714) 501,100 56,391 17,073 (15,985) 57,479 616,125 = 421,423 38,267 59,024 Fixtures and fittings 270,058 71,650 : 341,708 196,124 17,710 - 213,834 127,874 73,934 Computer equipment € 25,074 : 25,074 15,102 2,971 - 18,073 7,001 9,972 Total 1,696,711 71,650 (463,608) 275,000 1,579,753 1,132,358 73,827 (415,699) 790,486 789,267 564,353 Page 30
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Tangible fixed assets (continued) Company Cost At 1 April 2024 Additions Disposals Transfers between classes At 31 March 2025 Depreciation At 1 April 2024 Charge for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Freehold property Motor vehicles 1,286,164 (443,939) 275,000 1,117,225 864,741 36,073 (399,714) 501,100 616,125 421,423 115,415 (19,669) 95,746 56,391 17,073 (15,985) 57,479 38,267 59,024 Fixtures and fittings Computer equipment 159,480 45,600 : 205,080 142,196 13,035 - 155,231 49,849 17,284 25,074 : 25,074 15,102 2,971 18,073 7,001 9,972 Total € 1,586,133 45,600 (463,608) 275,000 1,443,125 1,078,430 69,152 (415,699) 731,883 711,2427 507,703 Included in cost or valuation of land and buildings is freehold land of Enil (2024: €31,091) which is not depreciated. During the year to 31 March 2025 the investment property held at £275,000 was reclassified to tangible fixed assets. This valuation is deemed cost for subsequent accounting as tangible fixed assets. Page 31
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Investment property Group and Charity Freehold investment property 273,069 1,931 (275,000) At 1 April 2024 Surplus on revaluation Transfers between classes At 31 March 2025 The investment property was revalued on 23 September 2023 on an open market basis by independent valuers Dacres Commercial. During the year to 31 March 2025 the investment property held at £275,000 was reclassified to tangible fixed assets following a change in use of the property. 17. Fixed asset investments Investments in subsidiary companies Charity Cost or valuation At 1 April 2024 At 31 March 2025 1 1 Net book value At 31 March 2025 At 31 March 2024 1 1 Page 32
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Fixed asset investments (continued) Principal subsidiaries The following was a subsidiary undertaking of the Charity: Name Company number Registered office or principal place of business England & Wales Ability Supported Living 08632523 Derbyshire Ltd The financial results of the subsidiary for the year were: Name Income € Ability Supported Living Derbyshire Ltd 60,514 18. Stocks Group 2025 3,000 Class of shares Ordinary Expenditure (29,666) Holding Included i consolidatio 100% Yes Profit for the year Net assets € 30,848 33,960 Group 2024 3,000 Company 2025 € 3,000 Company 2024 f 3,000 Finished goods 19. Debtors Due within one year Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income Group 2025 76,624 7,569 50,377 134,570 Group 2024 € 60,655 8,229 45,888 114,772 Company 2025 76,624 59,946 7,569 50,377 194,516 Company 2024 60,655 73,788 8,229 45,888 188,560 Page 33
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Creditors: Amounts falling due within one year Trade creditors Amounts owed to group undertakings Other taxation and social security Hire purchase contracts (note 22) Other creditors Accruals and deferred income Group 2025 6,639 27,509 6,905 84,107 113,936 239,096 Group 2024 as restated 8,123 - 27,373 3,887 2,538 78,161 120,082 Deferred income at 1 April 2024 Resources deferred during the year 21. Deferred income is in relation to capital grants received and not spent. Creditors: Amounts falling due after more than one year Hire purchase contracts (note 22) Group 2025 € 28,078 Group 2024 34,983 Company 2025 6,639 17,481 27,509 6,905 82,507 113,936 254,977 Group 2025 3,778 - 3,778 Company 2025 28,078 Company 2024 as restated 8,123 4,369 27,374 3,887 938 78,161 122,852 Group 2024 € 3,778 3,778 Company 2024 34,983 Page 34
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Hire purchase contracts Net obligations repayable: Within one year Between one and five years 23. Statement of funds Statement of funds - current year Balance at 1 April 2024 Income Expenditure Unrestricted •funds Designated funds Designated fund General funds General fund Ability Supported Living Derbyshire Limited Total Unrestricted funds 158,026 1,305,153 (14,370) 1,290,783 1,448,809 - (2,031,123) 2,298,242 60,514 2,358,756 2,358,756 (29,666) (2,060,789) (2,060,789) Transfers in/out (158,026) 140,545 17,481 158,026 2025 € 6,905 28,078 34,983 Gains/ (Losses) 1,931 - 1,931 1,931 2024 3,887 34,983 38,870 Balance at 31 March 2025 - 1,714,748 33,959 1,748,707 1,748,707 Page 35
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 23. Statement of funds (continued) Statement of funds - prior year Unrestricted funds Designated funds Designated fund General funds General fund Ability Supported Living Derbyshire Limited Total Unrestricted funds Balance at 1 April 2023 132,678 1,191,388 (10,837) 1,180,551 1,313,229 Income Expenditure 34,603 2,026,993 50,435 2,077,428 2,112,031 (9,255) (1,934,831) (32,365) (1,967,196) (1,976,451) Transfers in/out - 21,603 (21,603) - Balance at 31 March 2024 158,026 1,305,153 (14,370) 1,290,783 1,448,809 24. An amount of £158,026 has been transferred from the designated fund to general funds to remove the designation of funds relating to a property where the mortgage has been fully repaid. Summary of funds Summary of funds - current year Balance at 1 April 2024 € Designated funds General funds 158,026 1,290,783 1,448,809 Income - 2,358,756 2,358,756 Expenditure (2,060,789) (2,060,789) Transfers in/out € (158,026) 158,026 Gains/ (Losses) € 1,931 1,931 Balance at 31 March 2025 € 1,748,707 1,748,707 Page 36
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24. Summary of funds (continued) Summary of funds- prior year Designated funds General funds Balance at 1 April 2023 € 132,678 1,180,551 1,313,229 Income Expenditure 34,603 (9,255) 2,077,428 (1,967,196) 2,112,031 (1,976,451) Transfers in/out : 25. Analysis of net assets between funds Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total Unrestricted funds 2025 789,267 1,226,614 (239,096) (28,078) 1,748,707 Balance at 31 March 2024 € 158,026 1,290,783 1,448,809 Total funds 2025 € 789,267 1,226,614 (239,096) (28,078) L0L'8tLT Page 37
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 25. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year Tangible fixed assets Investment property Current assets Creditors due within one year Creditors due in more than one year Total Unrestricted funds 2024 € 564,353 273,069 766,452 (120,082) (34,983) 1,448,809 26. Reconciliation of net movement in funds to net cash flow from operating activities Group 2025 € 299,898 Net income for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid (Profit)/loss on the sale of fixed assets (Gains) on investments (Increase) in debtors Increase in creditors Net cash provided by operating activities 73,827 (19,404) 3,018 (178,591) (1,931) (19,798) 115,996 273,015 Total funds 2024 564,353 273,069 766,452 (120,082) (34,983) 1,448,809 Group 2024 as restated 135,580 74,280 (5,364) 10,155 4,384 (13,378) 12,978 218,635 Page 38
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 27. Analysis of cash and cash equivalents Cash in hand Notice deposits (less than 3 months) Total cash and cash equivalents Group 2025 278,240 810,804 1,089,044 Group 2024 147,189 501,491 648,680 28. Analysis of changes in net debt Cash at bank and in hand Finance leases At 1 April 2024 648,680 (38,870) 609,810 Cash flows € 440,364 3,887 444,251 At 31 March 2025 € 1,089,044 (34,983) 1,054,061 29. Operating lease commitments At 31 March 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: Not later than 1 year Later than 1 year and not later than 5 years Group 2025 € 3,122 6,330 9,452 Group 2024 9,359 9,452 18,811 30. Related party transactions There are no related party transactions requiring disclosure in either year. Page 39
CHESTERFIELD & DISTRICT SOCIETY FOR PEOPLE WITH A DISABILITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 31. Prior year adjustments There has been a prior year adjustment to remove a bank balance and corresponding overdraft balance of €45,339 as at 31 March 2024. There is no impact to net income for the year to 31 March 2024 nor the net assets as at 31 March 2024. 32. Post balance sheet events Following the year end, the charity's trading subsidiary, Ability Supported Living Derbyshire Limited, initiated proceedings to transfer its activities, assets and liabilities to its parent undertaking, Chesterfield and District Society for People with a Disability. The underlying operations of Ability Supported Living Derbyshire Limited will be continued and developed in Chesterfield and District Society for People with a Disability. Accordingly, the residual subsidiary company is not a going concern, however no material adjustments are required because the net assets will be transferred at their book value. Following completion of regulatory matters the subsidiary company will become dormant. This proceeding does not impact the overall group position. Page 40