COMPANY REGISTRATION NUMBER: 03482147 CHARITY REGISTRATION NUMBER: 1067883
Julian Support Limited Company Limited by Guarantee Financial statements
31 March 2024
Julian Support Limited
Company Limited by Guarantee
Financial statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the directors' report) | 1 |
| Independent auditor's report to the members | 12 |
| Statement of financial activities (including income and expenditure account) | 16 |
| Balance sheet | 17 |
| Statement of cash flows | 18 |
| Notes to the financial statements | 19 |
Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name Julian Support Limited Charity registration number 1067883 Company registration number 03482147 Principal office and registered 23 Pilling Park Road office Norwich NR1 4PA
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mr D G McNeil (Chair) Mr B Bergin Mr C J King Dr C M Nash Mrs R K Omori (Appointed 15 March 2024) Core Management Team Mrs L S Spooner - Chief Executive Mr B Curran - Director of Development Mr K N Gunton - Director of Finance & Resources Mr J Greenhalgh - Director of Operations Company secretary Mr K N Gunton Auditor Lovewell Blake LLP Chartered accountants & statutory auditor Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB Bankers Barclays Bank Plc 3 St James Court Norwich Norfolk NR3 1RJ
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Structure, governance and management
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 16 December 1997 and registered as a charity on 2 February 1998. The company's Memorandum of Association establishes the objects and powers of the charitable company which is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of Trustees
Trustees shall be persons who through occupation, employment or otherwise have special knowledge of the area of benefit or who are otherwise able by virtue of their personal or professional qualifications to make a contribution to the pursuit of the objects of Julian Support.
Subject to the provisions of the Charities Act, one third of the Trustees shall retire by rotation at the annual general meeting of the company. The number of Trustees shall never be less than three but is subject to no maximum.
All Trustees who held office throughout the year are listed on page 1.
Trustee induction and training
New Trustees are provided with an induction pack, which includes:
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The Memorandum and Articles of Association
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The latest annual report and accounts of the Charity
• Charity Commission guidance notes CC3 - "The Essential Trustee: what you need to know, what you need to do" and CC10 "Hallmarks of an Effective Charity"
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NCVO guidance on "Good Governance"
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List of Trustee and staff contacts
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Terms of reference, person specifications and job description for Trustees
In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities. Two Trustees' away days were held during the financial year.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Structure, governance and management (continued)
Key management personnel pay policy
The Trustees, along with the Core Management Team (CMT), comprise the key management personnel of the charity and are responsible for the running, operating and future direction of the organisation. All Trustees give their time free of charge and no Trustee received any remuneration during the year. Details of Trustees’ expenses are shown in note 13 to the accounts.
The Remuneration Committee is responsible for overseeing the design and operation of the Chief Executive and CMT’s remuneration system. A key objective of the remuneration committee is to ensure the risk in remuneration strategy, policy and arrangements is adequately considered and that the remuneration of the executive is fair, transparent and commensurate with the needs and requirements of the organisation. The remuneration committee ensures that the remuneration arrangements focus executives on achieving organisational goals as agreed by the Trustees, via the organisation's Business Plan.
Risk management
The Trustees are aware of the requirement to identify the major risks to which the Charity is exposed and to establish systems to mitigate those risks. The Risk Register is reviewed and updated at every Board meeting. Any significant, high-level risks will be identified and reviewed at the annual Board awaydays.
Organisational structure
The Board of Trustees administers the charity and meets quarterly with the organisation's executive. Two half-yearly Board only meetings are held as well as two further working group meetings. There are three sub-committees of the Board; the Remuneration Committee, the Health & Safety Committee and the Equality, Diversity and Inclusion Forum.
Objectives and activities
Our Aims and Objectives
Purpose
We work with the strengths of people we support, to help them lead an independent life of their choice. We focus on what's right rather than what's wrong and enable people to identify their own talents and abilities and use them to take control of their lives. We use our strengths to provide reliable and innovative services and we use our expertise and commitment to best practice to promote social inclusion.
Aims
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To improve the quality of peoples' lives by focusing on what they feel are their housing and support needs, and by accessing appropriate resources to help meet those needs.
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To build on people's existing strengths and skills in order for them to live as independently as they wish.
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To enable people we support to live within the community in accommodation suited to their needs.
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To deliver first class skill-based recreation and education packages that enhance healthier lifestyles for people who are socially excluded.
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To focus on developing staff members' strengths, interests, abilities and capabilities.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Objectives and activities (continued)
The focus of our work
Julian Support promotes recovery across all of its services. We believe that recovery is not just about treating or managing symptoms but about enabling the people we support to gain and remain in control of their lives. A key concept in recovery is hope and we believe that it is possible for all the people we support to have rewarding and fulfilling lives, and engage meaningfully in society.
There is a strong link between recovery and social inclusion and this is why all our services support people to gain a sense of self and purpose in the communities that they live in and to have the same opportunities to take part in leisure and social activities as everyone else. Julian Support works with people to help facilitate and support recovery. We recognise that recovery is an individual journey, often one of selfdiscovery and personal growth, providing real opportunities for change, reflection and the discovery of new values, skills and interests.
Research has highlighted that for recovery to be successful there are significant factors that need to be addressed. These include having meaningful relationships with other people, financial security, a secure home, being believed in and listened to, developing resilience to stress and future problems and being allowed to develop one's own culture of spirituality. In order to support people towards their recovery we focus on each individual's strengths, not their weaknesses. Strengths are the unique talents each person has:
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The inner resources they have used to help them cope with difficult situations, such as an ability to seek out opportunities or problem solve.
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An aspect of their personality that drives them, such as their sense of humour, positive outlook or concern for others.
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A particular passion or interest, such as art, music, reading or sport.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Objectives and activities (continued)
Our Values
HOPE - Hope comes from finding connections to the people and things that make a difference to our lives. These connections can increase our opportunities and the chance to become more hopeful about the future.
Our ambition: We foster hope, even in the most challenging of circumstances, by ensuring the people we meet feel seen, heard and understood.
EQUITY - We don't all share the same starting point in life. Some of us have more advantages, whilst discrimination holds other people back. This doesn't mean that we don't all experience difficult times, but our advantages can help us when we do.
Our ambition: To promote equiry by active opposition to discrimination and striving to challenge and dismantle the systems that allow discrimination to persist.
ACCOUNTABLE - We are accountable for what we say and do and we expect to be held to account. We believe that equity and accountability are critical in keeping power and privilege in check.
Our ambition: To create a culture of accountability where people are courageous, take responsibility and speak up.
REAL - Being real is about connecting with courage, openness, honesty and integrity. We look for these characteristics in the people we employ because they are at the heart of the relationships we forge.
Our ambition: To keep our relationships real by actively connecting with courage, openness, honesty and integrity.
TRUST - Trust is the foundation of successful relationships. Trust is earned, it is not a given. We all have a story about how we got here. Sometimes parts of our story can be difficult to tell. We believe that if we can avoid making assumptions and ensure we treat people with compassion first and foremost, we can help people to build better lives.
Our ambition: To build trust through our behaviours and our actions, ensuring that we treat all people with compassion.
Our values are a set of core beliefs held by our organisation. They tell people who we are and what we believe in. They guide our thinking, our behaviours and our actions.
In May 2023 we came together for an All Teams Day when, through discussion and activities, we began to identify values that are important to us as people and as an organisation. The outputts from that day were taken to a further session with our Equity, Diversity and Inclusion Forum where, through guided exercises, our final shortlist of values came to fruition. We worked with a consultant who took the petal, a long standing element of Julian Support's identity, and formed a heart, showing the values built into the brand DNA of who we are and what we do.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Objectives and activities (continued)
How Our Activities Deliver Public Benefit
In respect of the Charities Act 2011, the aims of Julian Support fall within two definitions of charitable activity; the advancement of health and the advancement of citizenship and community development. Julian Support benefits adults with ongoing mental health problems throughout the counties of Norfolk and Suffolk.
The Trustees have fully considered the Charity Commission's guidance on public benefit and confirm that in planning and carrying out the activities of the organisation they have had regard to this guidance.
Our main activities are described below.
Who used and benefited from our services:
In the year 2023/2024 Julian Support has provided a service to 1,275 people across Norfolk and Suffolk.
Achievements and performance
Overview
As we reflect on the past year, the Board of Trustees are both proud and optimistic about the journey we have taken together at Julian Support.
2023/24 has been marked by significant achievements, strategic achievements, and a steadfast commitment to grow and consolidate our core values.
By continuing to provide effective and efficient services, we have achieved sustained income growth and invested in new services whilst also continuing to develop existing ones.
Whilst we celebrate our successes, we also acknowledge the challenges we faced this year, with issues such as the cost-of-living crisis and other economic fluctuations due to unrest across the globe.
Our ability to adapt and respond to these challenges has been crucial. We have implemented robust strategies and processes that have positioned us for future growth. As we move into 2024/25, our focus is to build on what has been achieved this year; consolidation of our core values, improved communication with staff, and engagement with those to whom we provide a service.
The Board of Trustees would like to say a big thank you to all the charity's staff who work tirelessly on behalf of the people they support; to the management team for their dedication and strategic visioning; our partners for their support; and to the people who we support, who help us create the culture and community that is the backbone of Julian Support.
We look forward to another year of growth and achievement.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Achievements and performance (continued)
Norfolk Services
Integrated Mental Health and Justice Pathway
Julian Support Recovery Co-ordinators are co-located with NSFT staff and the police in each of the six Police Investigation Centres across Norfolk and Suffolk. They work with people who have been assessed as having a range of vulnerabilities, including mental health, learning difficulties, domestic abuse and substance use issues. The focus of the service being to provide targeted social care interventions to prevent re-arrest, thereby diverting adults away from the criminal justice system.
During the year, 972 people accessed the service.
This contract was re-tendered for in 2018/19 and was extended and expanded from 1 April 2019. Julian Support have employed peer support workers who have successfully provided an insight and a new perspective, which the team and our NSFT colleagues have found invaluable. These workers have quickly become an integral part of both the team and of the organisation.
Admission Prevention and Rapid Response
Julian Support established the Admission Prevention pilot, in 2014/15. The service was set up to work with people who were at risk of a hospital admission or re-admission. The service is staffed by a team of Recovery Coordinators who work in Norwich, North Norfolk and South Norfolk. During the year the team worked with 169 people, providing intensive support to people in the community.
We are pleased to report that the contract for the Admission Prevention Service (now known as ARCH) has been extended to the end of September 2026.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Achievements and performance (continued)
Suffolk Services
Bramford Place and Gippeswyk Avenue
Provides support to 17 service users across two sites in West Ipswich. This is our highest level of supported accommodation in the area for some of the most vulnerable people in the community, many of whom have complex needs and have lived chaotic lifestyles in the past. Staff work with individuals to help them optimise their independent living skills and move to more independent accommodation when they are ready to do so. Support for people moving on from this high-level supported housing is often provided by our pathway and recovery team in the locality.
During the year, 20 people have accessed these services.
Hospital Road, Bury St Edmunds
Provides 24 hour supported accommodation for 20 people in Suffolk (14 en-suite rooms with shared kitchen & living room facilities and six self-contained flats). One member of staff is on duty each night to provide waking night cover. The service provides a period of assessment and stability for individuals before supporting them to find more permanent independent accommodation in the community. Two of the rooms are designated for flexible/planned short stays and we work with local statutory and voluntary partners to ensure maximum use of this facility. The Flexible Short Stay service is accessible during day time hours via the Local Home Treatment team.
During the past year we have supported 40 service users in total, including 1 in the Flexible Short Stay service and 18 in the D2A beds.
The West Ipswich Pathway and Recovery Team
Provides non-24hour support to 30 Service users at Riverside Road, Gipping Court, Portman Road and designated flats within the community. Staff work closely with individuals and their care teams to develop skills and strengths and focus on recovery. People are supported to move on to longer-term accommodation when they are ready to do so and 21 individuals used the service during the year. This team also provides community recovery support to individuals living in their own homes.
During the year we supported 39 community recovery clients. A Hospital In-reach service is also provided. Staff work closely with the inpatient ward and local mental health teams (IDT's) to ensure that housing needs are identified at an early stage of a person's stay on the ward and solutions explored as soon as possible. A total of 13 people accessed this service during the year.
A total of 93 service users in West Ipswich received our support during the year to 31 March 2024.
The West Suffolk Pathway and Recovery Team
Provides non-24hour support at Jankyns Place, Bury St Edmunds, Keebles Yard, Haverhill and The Hawthorns in Newmarket. We also provide support to people in Social Housing tenancies in the Forest Heath and St Edmundsbury area. Again, the focus of our support is on recovery and skills development and individuals are supported to move on to longer-term accommodation when they are ready to do so.
During the year, 21 people accessed non-24 hour supported accommodation. This team also provides community recovery support to individuals living in their own homes and 47 service users accessed this support during 2023/24.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
Financial review
Net income in the unrestricted funds amounted to £478,577, with net expenditure of £2,490 within restricted funds. At the year-end total reserves amounted to £1,693,587 (2023: £1,217,500), of which £12,927 was restricted (2023: £15,417).
Reserves policy
The Trustees, having considered the potential risks facing the charity and assessed the future plans, would wish to retain free reserves sufficient to ensure an orderly withdrawal from its current operating role, should this prove necessary. Free reserves need to be set at a level to cover running costs during the withdrawal process, to meet all contractual obligations and cover redundancy payments. The Trustees require that free reserves are sufficient to cover future organisational development and any unforeseen circumstances. On this basis, the Trustees aim to hold reserves of at least £670,000.
At the year-end unrestricted free reserves amounted to £1,634,990 (2023: £1,152,519). Free reserves include free designated reserves of £81,194 (2023: £81,194). The reserves held, in excess of the reserves target, continue to act as security to cover unexpected expenditure and to finance innovative projects and developments that may present themselves.
Designated reserves comprise of:
- A Property Repair and Dilapidation Fund of £81,194 (2023: £81,194) as a provision towards cyclical repairs at 23 Pilling Park Road, Clarkson Street and the Old Wool Warehouse, and to pay for any dilapidations, should the organisation vacate these properties.
Principal funding sources
Julian Support's principal funding source is via service contracts and funding agreements with local authorities in Norfolk and Suffolk, including Suffolk County Council's mental health pooled budget.
Policy on investments
All of Julian Support's current reserves are held in secure, short term deposits. This policy is currently being reviewed by the Trustees to secure a better rate of return.
Fundraising
As reflected within the financial statements, Julian Support stages or participates in very few fundraising activities. However, should any fundraising be carried out, the charity is compliant with the requirements of the Fundraising Regulator's voluntary regulation scheme and the Code of Fundraising Practice. In addition, fundraising would not engage directly with vulnerable people and the public. During 2023/24 the Charity did not work with any professional fundraisers or commercial participators, there were no instances of failure to comply with the above schemes, and no complaints were received regarding the Charity's fundraising activities.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued) Year ended 31 March 2024
Plans for future periods
Our aims, as stated in our Business Plan are:
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To retain our services in Suffolk and continue to expand to other counties in the East of England.
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To develop new services which contribute to our mission and support our values and beliefs.
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To embrace innovation within service design and delivery and, as a result, become more efficient.
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To be a provider of first choice by putting the people we support at the core of our organisation and planning.
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To be an employer of first choice by treating our staff with respect and playing to their strengths, interests and abilities.
Ensuring our work delivers our aims
The Business Plan is underpinned by a series of detailed action plans that outline how these objectives will be met. The Board of Trustees monitors the progress of these objectives through the Julian Support Balanced Scorecard and regular feedback at meetings.
Trustees' responsibilities statement
The trustees (who are also directors for the purposes of company law) are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. 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 charitable company for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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Julian Support Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2024
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charity auditor is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
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they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
Small company provisions
This report has been prepared taking advantage of the small companies' exemption of section 415A of the Companies Act 2006.
The trustees' annual report was approved on 23 October 2024 and signed on behalf of the board of trustees by:
Mr D G McNeil (Chair)
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Julian Support Limited
Company Limited by Guarantee
Independent auditor's report to the members of Julian Support Limited
Year ended 31 March 2024
Opinion
We have audited the financial statements of Julian Support Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), balance sheet, statement of cash flows and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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:
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give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees' annual 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.
We have nothing to report in this regard.
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Julian Support Limited
Company Limited by Guarantee
Independent auditor's report to the members of Julian Support Limited (continued) Year ended 31 March 2024
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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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
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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 charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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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 (set out on pages 10 to 11), the trustees (who are also the directors of the charity 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 charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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Julian Support Limited
Company Limited by Guarantee
Independent auditor's report to the members of Julian Support Limited (continued) Year ended 31 March 2024
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
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:
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Enquiry of management and those charged with governance;
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Enquiry of entity staff compliance functions to identify any instances of non-compliance with laws and regulations;
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
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.
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Julian Support Limited
Company Limited by Guarantee
Independent auditor's report to the members of Julian Support Limited (continued)
Year ended 31 March 2024
A further description of our responsibilities is available on the FRC’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity'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 charity's members those matters we are required to state to them in an auditor's 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 charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mark Proctor FCA DChA (Senior Statutory Auditor)
For and on behalf of Lovewell Blake LLP Chartered accountants & statutory auditor Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
13 November 2024
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Julian Support Limited
Company Limited by Guarantee
Statement of financial activities (including income and expenditure account)
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 4,791 | 337 | 5,128 | 10,197 |
| Charitable activities | 6 | 3,775,795 | – | 3,775,795 | 3,374,281 |
| Investment income | 7 | 26,042 | – | 26,042 | 6,311 |
| Other income | 8 | 741 | – | 741 | 2,800 |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total income | 3,807,369 | 337 | 3,807,706 | 3,393,589 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Charitable activities | 9 | (3,328,792) | (2,827) | (3,331,619) | (2,971,958) |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | (3,328,792) | (2,827) | (3,331,619) | (2,971,958) | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in funds | 478,577 | (2,490) | 476,087 | 421,631 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 1,202,083 | 15,417 | 1,217,500 | 795,869 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 1,680,660 | 12,927 | 1,693,587 | 1,217,500 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 19 to 30 form part of these financial statements.
- 16 -
Julian Support Limited
Company Limited by Guarantee
Balance sheet
31 March 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible fixed assets | 14 | 49,670 | 49,564 | |||
| Current assets | ||||||
| Debtors | 15 | 202,026 | 316,288 | |||
| Cash at bank and in hand | 1,718,178 | 1,075,120 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| 1,920,204 | 1,391,408 | |||||
| Creditors: Amounts falling due within | ||||||
| one year | 17 | 276,287 | 223,472 | |||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Net current assets | 1,643,917 | 1,167,936 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Total assets less current liabilities | 1,693,587 | 1,217,500 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Net assets | 1,693,587 | 1,217,500 | ||||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | |||||
| Funds of the charity | ||||||
| Restricted funds | 12,927 | 15,417 | ||||
| Unrestricted funds | 1,680,660 | 1,202,083 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Total charity funds | 20 | 1,693,587 | 1,217,500 | |||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 23 October 2024, and are signed on behalf of the board by:
Mr D G McNeil (Chair)
Company registration number: 03482147
The notes on pages 19 to 30 form part of these financial statements.
- 17 -
Julian Support Limited
Company Limited by Guarantee
Statement of cash flows
Year ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash generated from operations | 22 | 643,420 | 4,832 |
| Interest received | 26,042 | 6,311 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Net cash from operating activities | 669,462 | 11,143 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Cash flows from investing activities | |||
| Purchase of tangible assets | (29,877) | (5,777) | |
| Proceeds from sale of tangible assets | 3,473 | 3,600 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Net cash used in investing activities | (26,404) | (2,177) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Net increase in cash and cash equivalents | 643,058 | 8,966 | |
| Cash and cash equivalents at beginning of year | 1,075,120 | 1,066,154 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Cash and cash equivalents at end of year | 1,718,178 ৶৶৶৶৶৶৶৶৶৶৶ |
1,075,120 ৶৶৶৶৶৶৶৶৶৶৶ |
The notes on pages 19 to 30 form part of these financial statements.
- 18 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 23 Pilling Park Road, Norwich, NR1 4PA.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain items at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.
(b) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Suffolk commissioners have confirmed that they will be going out to tender in respect of the West Suffolk and West Ipswich contracts in the autumn of 2024. Significant scenario planning has been undertaken in the event of a number of possible results. These scenarios have been fully discussed within the senior team and Board of Trustees, who consider that the charity will remain a going concern, regardless of the result.
(c) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
No significant judgements, estimates or assumptions have been made in the financial statements.
- 19 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
(d) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or committment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
(e) Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
-
Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank.
(f) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(g) Leases
Rentals payable and receivable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
- 20 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
(h) Tangible assets
All fixed assets are initially recorded at cost.
The costs of minor additions costing less than £500 are not capitalised.
(i) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Leasehold improvements | - | over period of lease |
|---|---|---|
| Furniture, fixtures & fittings | - | 25% reducing balance |
| Office equipment | - | 15% reducing balance / 25% - 33.33% straight line |
| Tools and equipment | - | 15% reducing balance |
(j) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(k) Termination benefits
Termination benefits are recognised as an expense in income or expenditure immediately. Termination benefits are recognised as a liability and expense only when the company is demonstrably committed either to terminate the employment of an employee or group of employees before the normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
(l) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by guarantee
The charity is a company limited by guarantee and does not have a share capital. The members have guaranteed that in the event of the charity being wound up during their membership or one year thereafter, each would contribute to the assets of the charity a sum not exceeding £10.
- 21 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Grants and donations | 4,791 | 337 | 5,128 | ||
| ৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Donations | |||||
| Grants and donations | 10,197 | – | 10,197 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 6. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Grants and service contracts | 3,775,795 | 3,775,795 | 3,374,281 | 3,374,281 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 26,042 | 26,042 | 6,311 | 6,311 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ||
| 8. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Miscellaneous income | 741 | 741 | 2,800 | 2,800 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶ |
- 22 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Wages and salary costs | 2,328,754 | – | 2,328,754 | |
| Other staff costs | 59,722 | – | 59,722 | |
| Depreciation | 29,767 | – | 29,767 | |
| Motor and travel expenses | 68,879 | – | 68,879 | |
| Rent, rates and insurance | 132,979 | – | 132,979 | |
| Light and heat | 37,981 | – | 37,981 | |
| Repairs, renewals and running expenses | 41,157 | – | 41,157 | |
| Legal and professional | 882 | – | 882 | |
| Consultancy | 82,196 | – | 82,196 | |
| Other costs | 476,559 | 2,827 | 479,386 | |
| Governance costs (see below) | 69,916 | – | 69,916 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| 3,328,792 | 2,827 | 3,331,619 | ||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Wages and salary costs | 2,053,516 | – | 2,053,516 | |
| Other staff costs | 41,281 | – | 41,281 | |
| Depreciation | 35,233 | – | 35,233 | |
| Motor and travel expenses | 49,681 | – | 49,681 | |
| Rent, rates and insurance | 70,558 | – | 70,558 | |
| Light and heat | 25,399 | – | 25,399 | |
| Repairs, renewals and running expenses | 44,616 | 30 | 44,646 | |
| Legal and professional | 10,440 | – | 10,440 | |
| Consultancy | 99,858 | – | 99,858 | |
| Other costs | 465,465 | 2,870 | 468,335 | |
| Governance costs (see below) | 73,011 | – | 73,011 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| 2,969,058 | 2,900 | 2,971,958 | ||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| Analysis of governance costs: | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Salaries and wages | 58,198 | – | 58,198 | 62,177 |
| Audit fees | 10,200 | – | 10,200 | 9,316 |
| Trustee indemnity insurance | 1,518 | – | 1,518 | 1,518 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 69,916 | – | 69,916 | 73,011 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
- 23 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
10. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 29,767 | 35,233 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 11. | Auditors remuneration | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable for the audit of the financial statements | 10,202 | 9,316 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ||
| Fees payable to the charity's auditor and its associates for other services: | |||
| Other non-audit services | 4,593 | 4,404 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ||
| 12. | Staff costs |
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 2,141,523 | 1,888,635 |
| Social security costs | 178,767 | 168,535 |
| Employer contributions to pension plans | 66,662 | 58,523 |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| 2,386,952 ৶৶৶৶৶৶৶৶৶৶৶ |
2,115,693 ৶৶৶৶৶৶৶৶৶৶৶ |
Included in staff costs is a termination payment totalling £4,070 (2023: £17,332). This was fully settled at the balance sheet date.
The average head count of employees during the year was 82 (2023: 80). The average number of fulltime equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Direct charitable | 67 | 64 |
| Management and administration | 4 | 4 |
| ৄৄৄৄ | ৄৄৄৄ | |
| 71 | 68 | |
| ৶৶৶৶ | ৶৶৶৶ |
The number of employees whose remuneration for the year fell within the following bands, were:
| 2024 | 2023 | ||
|---|---|---|---|
| No. | No. | ||
| £60,000 | to £69,999 | 2 | 1 |
| £70,000 | to £79,999 | 1 | 1 |
| £80,000 | to £89,999 | 1 | 1 |
| ৄৄৄৄ | ৄৄৄৄ | ||
| 4 | 3 | ||
| ৶৶৶৶ | ৶৶৶৶ |
Key Management Personnel
The key management personnel of the charity, comprise the Chief Executive, Director of Development, Director of Operations and Director of Finance & Resources. The total employee benefits of the key management personnel of the Charity were £308,806 (2023: £310,883).
- 24 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
13. Trustee remuneration and expenses
No trustees received any remuneration or were paid any Board expense during the year (2023: £Nil).
14. Tangible fixed assets
| Furniture, | ||||||
|---|---|---|---|---|---|---|
| Leasehold | fixtures & | Office | Tools and | |||
| improvement | fittings | equipment | equipment | Total | ||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| At 1 April 2023 | 44,871 | 37,304 | 278,960 | 3,950 | 365,085 | |
| Additions | – | 3,352 | 26,525 | – | 29,877 | |
| Disposals | – | – | (4,003) | – | (4,003) | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 March 2024 | 44,871 | 40,656 | 301,482 | 3,950 | 390,959 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Depreciation | ||||||
| At 1 April 2023 | 44,862 | 29,053 | 238,032 | 3,574 | 315,521 | |
| Charge for the year | – | 2,181 | 27,530 | 56 | 29,767 | |
| Disposals | – | – | (3,999) | – | (3,999) | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 March 2024 | 44,862 | 31,234 | 261,563 | 3,630 | 341,289 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Carrying amount | ||||||
| At 31 March 2024 | 9 | 9,422 | 39,919 | 320 | 49,670 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At 31 March 2023 | 9 | 8,251 | 40,928 | 376 | 49,564 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 15. | Debtors | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Trade debtors | 9,314 | 161,955 | ||||
| Prepayments and accrued | income | 192,712 | 154,333 | |||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||||
| 202,026 | 316,288 | |||||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||||
| 16. | Cash and cash equivalents | |||||
| Cash and cash equivalents consist of: | ||||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Cash at bank and in hand | 51,686 | 59,396 | ||||
| Short term deposits | 1,665,133 | 1,014,377 | ||||
| Petty cash | 1,359 | 1,347 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| 1,718,178 | 1,075,120 | |||||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
- 25 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
17. Creditors: Amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 22,529 | 10,342 |
| Accruals and deferred income | 149,636 | 136,719 |
| Social security and other taxes | 53,597 | 37,306 |
| Other creditors | 50,525 | 39,105 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 276,287 | 223,472 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Deferred income | ||
| 2024 | 2023 | |
| £ | £ | |
| Amount deferred in year | 41,000 | – |
| ৶৶৶৶৶৶৶ | ৶৶৶৶ |
18. Deferred income
Income has been deferred at the year end to fund the recruitment of a temporary post for a period of 12 months. Agreement has been obtained from the funder for the deferral of this income as the post was not filled in the year.
19. Pensions and other post retirement benefits
Defined contribution plan
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £66,662 (2023: £58,523).
- 26 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
20. Analysis of charitable funds
Unrestricted funds
| 2024 | ||||||
|---|---|---|---|---|---|---|
| At 31 Mar | ||||||
| At 1 Apr 2023 | Income | Expenditure | Transfers | 2024 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 1,120,889 | 3,807,369 | (3,328,792) | – | 1,599,466 | |
| Property repair and | ||||||
| dilapidation fund | 81,194 | – | – | – | 81,194 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| 1,202,083 | 3,807,369 | (3,328,792) | – | 1,680,660 | ||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| 2023 | ||||||
| At 31 Mar | ||||||
| At 1 Apr 2022 | Income | Expenditure | Transfers | 2023 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 696,358 | 3,393,589 | (2,969,058) | – | 1,120,889 | |
| Property repair and | ||||||
| dilapidation fund | 81,194 | – | – | – | 81,194 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| 777,552 | 3,393,589 | (2,969,058) | – | 1,202,083 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
Property Repair and Dilapidation Fund
Funds designated as a provision towards cyclical repairs and renewals, and to pay for any dilapidation arising in the event that the charity should vacate a property.
Restricted funds
| 2024 | |||||||
|---|---|---|---|---|---|---|---|
| At 31 Mar | |||||||
| At | 1 Apr 2023 | Income | Expenditure | Transfers | 2024 | ||
| £ | £ | £ | £ | £ | |||
| Suffolk Community | |||||||
| Foundation LEP | 9,181 | – | – | – | 9,181 | ||
| Bird Watching Club | 9 | – | – | – | 9 | ||
| Arts & Crafts | 58 | – | (30) | – | 28 | ||
| Gaming Fund | 376 | – | – | – | 376 | ||
| National Lottery Awards | |||||||
| for All | 5,793 | – | (2,797) | – | 2,996 | ||
| ADT | – | 337 | – | – | 337 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 15,417 | 337 | (2,827) | – | 12,927 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ |
- 27 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
| 2023 | |||||||
|---|---|---|---|---|---|---|---|
| At 31 Mar | |||||||
| At | 1 Apr 2022 | Income | Expenditure | Transfers | 2023 | ||
| £ | £ | £ | £ | £ | |||
| Suffolk Community | |||||||
| Foundation LEP | 9,228 | – | (47) | – | 9,181 | ||
| Rope | Trust | 30 | – | (30) | – | – | |
| Bird Watching Club | 9 | – | – | – | 9 | ||
| Arts & Crafts | 80 | – | (22) | – | 58 | ||
| Gaming Fund | 376 | – | – | – | 376 | ||
| National Lottery Awards | |||||||
| for All | 8,169 | – | (2,376) | – | 5,793 | ||
| Gippeswyk Avenue | |||||||
| Communal Area | 425 | – | (425) | – | – | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 18,317 ৶৶৶৶৶৶৶ |
– ৶৶৶৶ |
(2,900) ৶৶৶৶৶৶ |
– ৶৶৶৶ |
15,417 ৶৶৶৶৶৶৶ |
Suffolk Community Foundation LEP
Grant received from The New Anglia Local Enterprise Partnership, via the Suffolk Community Foundation, to be used towards the creation of jobs.
Rope Trust
Funds donated by the Rope Trust to contribute towards the refurbishment of the Summer House at Gippeswyk Avenue. These funds have specifically been used to purchase items of furniture and equipment.
Bird Watching Club
Funds have been raised by a Julian Support worker to establish a bird watching club for service users. The funds raised have been used to buy binoculars and bird books for the group.
Arts & Crafts
Funds have been donated by the Rope Trust to contribute towards a women's craft group, based at Clarkson Street, Ipswich. The funds have been used to buy furniture and art and crafts materials.
Gaming Fund
Funds donated by Rope Trust to cover cost of gaming sessions at Press Start.
National Lottery Awards for All
A grant was awarded to fund the Domestic Abuse Survivors Martial Arts project.
Gippeswyk Avenue Communal Area
Funds donated by the Rope Trust to redecorate and refurnish the communal areas at Gippeswyk Avenue.
ADT
Funds have been donated towards a restricted Hardship Fund for people in Bury St Edmunds.
- 28 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
21. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 45,670 | – | 45,670 | |
| Current assets | 1,634,990 | 12,927 | 1,647,917 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 1,680,660 | 12,927 | 1,693,587 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 49,564 | – | 49,564 | |
| Current assets | 1,152,519 | 15,417 | 1,167,936 | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 1,202,083 | 15,417 | 1,217,500 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| 22. | Cash generated from operations | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Net income | 476,087 | 421,631 | ||
| Adjustments for: | ||||
| Depreciation of tangible fixed assets | 29,767 | 35,233 | ||
| Other interest receivable and similar income | (26,042) | (6,311) | ||
| Gains on disposal of tangible fixed assets | (3,469) | (2,216) | ||
| Changes in: | ||||
| Trade and other debtors | 114,262 | (78,823) | ||
| Trade and other creditors | 52,815 | (364,682) | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 643,420 | 4,832 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 23. | Analysis of changes in net debt | |||
| At | ||||
| At 1 Apr 2023 | Cash flows | 31 Mar 2024 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 1,075,120 | 643,058 | 1,718,178 | |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ||
| 24. | Operating lease commitments | |||
| The total future minimum lease payments under | non-cancellable operating leases are as follows: | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Not later than 1 year | 116,406 | 89,706 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
- 29 -
Julian Support Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
25. Related parties
During the year a close family member of Mrs L Spooner (the CEO of the charity) provided website design services to the charity totalling £12,100 (2023: £14,292) with no balance outstanding at the year end.
Another close family member of Mrs L Spooner was employed by the Charity until May 2023. Total remuneration for the family member for the year was £6,083 (2023: £19,267).
- 30 -