Ideal For All Limited Annual Report and Financial Statements Year ended 31 March 2024 Charity Number '. 1070112 Company Number '. 03196518 Feltons Chartered Accountants Birmingham B13JR
Ideal For All Limited REPORT AND FINANCIAL STATEMENTS Year ended 31 March 2024 Contents Page Reference and administrative details Report of the trustees Independent Auditor's report on the financial statements 18 Statement of financial activities incorporating income & expenditure account 21 Balance sheet 22 Cash flow statement 23 Notes forming part of the financial statements, incorporating Statement of accounting policies 24 Other notes to the financial statements 28
Ideal For All Limited (A Company Limited by Gaurantee} Reference and Administrative Details Chairperson Mrs C Goff Trustees Mrs D Veale Mr A Ashfield Mr S Verma Mr L BuGknor Mr N Herman Mrs D Campbell Mrs K Kaur Mr Laradi Mssowo Mrs C Richards Vice Chairperson Resigned 13 December 2023 Company secretary Mr J P W Fallows Key management personnel Mrs K Patel Mr T Blake Mrs E Westwood Miss M Drinkwater Chief Executive Officer Contract Monitoring Officer Contracts & Development Manager Direct Payment Manager Registered office 100 Oldbury Road Smethwi¢k B66 1JE Charsty registration number 1070112 Company registration number 03196518 Independent auditor Feltons 8 Sovereign Court 8 Graham Street Birmingham B1 3JR Bankers The Punjab National Bank (International Ltd) 290 Soho Road Birmingham B21 9LZ Unity Trust Bank Nine Brindley Pla¢e 4 Oozells Square Birmingham B12HE Page 1
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. 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 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. Ob"ectives and Activities The principal objective of the charity remains unchanged. The Company is established for the relief of the aged sick or persons with a physical, learning, or sensory disability in the United Kingdom who require assistance to realise their full potential and lead fulfilling lives. In conducting and developing companylcharity activities the trustees have given regard to the guidance published by the Charity Commission on public benefit. By operating within its user-led framework, Ideal for All aims to empower and enable disabled and disadvantaged people and their families, carers, support workers. and local communities, regardless of age, ability, or background, to fulfil their potential as active citizens, and fully participate in society and the neighbourhoods in which they live. We will do this by promoting equality and tackling discrimination, respecting diversity, encouraging and supporting inclusivity, and promoting independen, health and well-being. About Ideal for All IFA Ideal for All (IFA) is a user led registered charity for disabled and disadvantaged people., formed in 1996 after a period of extensive user and carer consultation in Sandwell to set up a fully accessible Independent Living Centre (ILC). IFA is a social enterprise and community-based service provider delivering a wide range of services and activities which promote independent living and health and wellbeing. These include Self-Directed Support Services (Direct Payments) and a range of Integrated Services including Peer support, condition management and community support services., Growing Opportunities (a combined health & wellbeing, horticulture and local food growing initiative)., and specialist employment support and advice servIs. The charity operates on an outreach basis across the West Midlands and from 4 primary sites: The Independent Living Centre in Smethwick (HQ)., Castlemill in Tipton,. and 3 purpose-built market garden I horticulture facilities (Salop Drive, Malthouse Gardens and Barlow Road). The management of the organisation is established and consistent, with much of the board and management team in place for several years. The charity has a paid staff structure of circa 42 staff. We also have a core membership and team of volunteers who play a key role in supporting and shaping the charity. We have developed and invested in our infrastructure over the past 3 years to build capacity, respond to changing needs, support organisational resilience and future proof IFA. Our funding comes from a range of SoUrS linked to the specific nature of the service or activities. All income is either competitively tendered or subject to annual review. Direct Payment services are contracted provision with a range of Local Authorities and service users, primarily in the West Page 2
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT {continuedl FOR THE YEAR ENDED 31 MARCH 2024 Midlands but also further afield. The Integrated Services contracts, grant and trading income is complex and diverse, reflecting the holistic and integrated nature of the work. It includes funding from a range of public bodies including Local Authorities (Sandwell, Solihull & Birmingham) both directly and indirectly through partnership arrangements, WMCA, Government Departments, as well as large funders like Community Fund (previously known as Big Lottery) and accessed through collaborative partnership arrangements. It also includes other trading income from enterprise activities linked to the gardens. More about our Services.. Our operations fall into two main divisions - Integrated SeNices and Self- Directed Support Services (Direct Payments). Inte rated Services com rises of: Peer Support and Self-Management- This includes a range of self-help groups to promote and support the independence of disabled people. These groups are an opportunity to have some social time with others sharing lived experiences and to access information on specialist local services relevant to health & wellbeing,. to meet and support each other in a safe environment. Groups enable disabled people to gain the necessary confidence and skills to increase independence including access to leisure, education and employment opportunities (Coffee mornings, Deaf and hard of hearing group, gardening club, cancer support, fibromyalgialarthritis, MS support and exercise groups, direct payments support services and social events) We also bring people together at regular, free to attend, events and outings. For young people, there's 'Altogether Different,, a youth group that meets weekly. Specialist Advice, Employment Support, and Skills Development - Through advice sessions, weekly job clubs, training courses including language support, financial and digital literacy, group and one to one support sessions and volunteering opportunities, we support disabled and disadvantaged people to develop their skills, confidence and Cvs in order to find work or move closer towards securing employment. Our support is tailored to each person's needs and aspirations, designed to help them overcome barriers to independent living and work including providing information and guidance to employers and professionals relating to the employment of disabled people. Health & Well Being Services - This includes the provision of a range of holistic 'wrap around. services to support people from the Black Country, Birmingham, and Solihull to thrive. Person- centred services are co-produced through inclusion in a variety of peer-led engagement and support routes, employment and skills development options and meaningful health, mental health and wellbeing opportunities. Growing Opportunities - The Growing Opportunities project promotes sustained health, mental health and wellbeing through a variety of tailored therapeutic and learning opportunities in healthy lifestyle projects and sustainable horticulture. At its core the project provides a year-round programme of gardening, food growing, cooking, and healthy lifestyle awareness within the setting of growing sites and through outreach services in the wider community. The 'hands on, practical work provided through the integrated model involves people of all ages and abilities and those involved report positive improvements in mental health & wellbeing, physical activity levels, reduced isolation, improved skills and employability and increased peer, social and community networks and improved levels of independence. Delivered from our fully accessible and award-winning horticultural sites Salop Drive Market Garden, Malthouse Garden and Barlow Road Community Garden. the project is a leading model of best practice and emerging Community Business. Self-Directed Su ort Service Direct Pa ments Service The Direct Payment (DP) Service provides information, advice & guidance including help with payroll & financial administration to individuals in receipt of a Direct Payment. With a person-centred approach, we support individuals to manage their personal budget (social or health) via a Direct Payment Information Advice & Guidance - Providing information to DP recipients about direct payments and their obligations in managing their budget. We support service users who want to employ their own Page 3
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 staff with recruitment & selection and being a good employer. Taking a person-centred approach, we ensure that the individual is enabled and empowered to manage their direct payment knowing that we are here as a service to help. Payroll - We have an established payroll service with trained and qualified staff who support the DP recipient to meet their employee payroll obligations. We help with setting them up as an employer and meeting all the legislative requirements as well as on going payroll administration. DP Financial Administration - Where required we can hold and manage DP recipient's funds and make all payments against their approved budget. Robust systems. processes and controls are in place to record and monitor all income & expenditure. Peer Support - We facilitate local peer support meetings between DP recipients, where individuals can learn and share experiences. A forum where we invite relevant speakers e.g. employment law expert and commissioners to feedback what is working well and what can be improved. PA Register - We have established a PA register, a free to use resources for carerslPAs to register themselves on to source employment opportunities. Individual employers can access the register to review recruitment opportunities independently. Forward Planning 2021- 2024 - Where do we want to be? We have in place a business plan (2021- 2024) which outlines our vision and values, key objectives, priority areas and direction of travel and key extracts. We are in the final year of the business plan, with business planning commencing at the end of 2023124 for the next three-year period (2025 - 2028) Vision & Values Our vision, values and strategic themes were developed through extensive consultation and reviewed in 2018 and 2021 as part of the business planning process. They help us communicate why IFA exists, what IFA stands for and for whom. .To empowerand enablo dls8bl8d and disadvantaged people and theIrfaVIle5. carers. supportworkers 8nd local communities, regardless ofage. abilily, cr bad<ground ro fulfil IhÈirpoiential as aetlvè cltlzens and fjJlly participate Sn sodety and the neighbourhood$ in svhi¢h they live. To promoto equality ¥nd ta¢kle dls¢rirnlnatlon. respecting diversity, en¢ouraging and i) supporting in¢luslvity, and preftIng independenco, health an¢J wellbelng. Qurvalues Incluslve Infomi•d Prlnclpled Open & transparent Cate opponunltleslor parbupation .Con$ullali¢ns .'Avoi¢e lordisabled 8 dlsadvanl8ged people Basing aclions on sound knowledge Contlnuous learnlng Diver58 experience Adapl & respond Benefll peorAÈ & environrrtsnl Respect & dignity Ethical prinople$ Res1118nce , Reach Relevance Adapt8bRty & robustness Strong focuson n81Y;: btJslness Reveni tek)n I Stallng up 8CtNily Awseclors of so¢ielyhGluding most vulnerable En9agirJg vvith ynamt0pDIY environmenl Ensunng messag & rn18V8rt110 Page 4
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT {continuedl FOR THE YEAR ENDED 31 MARCH 2024 Strategic Objectives and Focus Areas We identified our priorities and focus for the 2021-2024 business planning period based on our SWOT analysis which was developed collaboratively with the board and management team with input from staff. volunteers, service users and stakeholders. Strategic Objectives and Focus Areas Our People & Relationships Physical & Digital Resources & Assets Fit for Purpose Accessible Community Assets Inclusive A fit for purpose & sustainable management & staffing structure A skilled board, management, staff & volunteer team Strong Stakeholder" Relationships & Communications Development & Funding of Our Services Improved Quality, Outcomes & Impact of our Services & Delivery High Quality & High Performing Services Making A Difference Meeting Local & National Needs Compliant Viable Sustainable Meeting Priority & Need in post COVID environment Page 5
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 What do we need to do to achieve this? Key Objectives To meet the overall aims & objectives there are a number of 'key' areas for both strategic and operational development. These are summarised in brief below, with the detailed actions to be managed on an ongoing basis through 'working' service action plans and according to their priority. Those highlighted in bold have been identified as high priority areas and are identified for immediate focus in the development action plan. These plans form part of the Quality Management System and detail ownership & target dates for completion. Strate ic Areas Our People & Relationships Ke Ob'ectiveslDevelo ments IA fit forpurpose & sustainable management & staffing structure Short term Review recruitment strate includin revisitin sala scale at re ular intervals Revisit Growing OpportunitieslGarden structure in light of recruitment & retention challen es. Mid Term Revisit develo ment & succession lans Review new structure & roles includin sala scale reviews A skilled board, mana ement, staff and volunteer team Short tenn Maximise membership of the Institute of Employability Professionals (IEP) to su ort develo ment & skills trainin ofs ecialist Em lo ment Su ort staff. Mid to Lon Term strengthen skills auditslchecks, training and development plans ft)r workforce includin ital skill develo ment. Stakeholder Relationshi s & Communications, Short term Implement comms plans with all DP external leads, commissioners and funders. Links to Service Aiea - DP Build links with Solihull Specialist Employment Support new lead (Links to Service Area- SES Build meaningful employer database & strategy for sustainable employer en ement. Links to Service Area- SES Develop membership & volunteer engagement & management approaches & rocesses Links to Service Area- Communit Review comms & feedback mechanisms & processes to members & service users across all service areas Links to Di ital Develo ments Mid to lon temi Refresh overarchingl organisational wide stakeholder map, engagement & comms lans Map & Implement comms plan for Sandwell MBC across all relevant teams includin H&SC, Public Health, Communi Volunta Sector, Di ital Develop consistent & effective comms with local JCP offices & complementary artner or anisations links to Service Area - SES Create and develo stron cor orate artnershi s and relationshi Continue to raise the profile of IFA locally and nationally, through effective and consistent marketin and romotion. Engage with additional younger disabled people and other under-represented rou Review and development of opportunities for internal engagement, communication & wellbein su ort of staff. Sustainable & fit for ur oses sical remisès Short term and de endent on external factors Page 6
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Physical & Digital Resources & Assets New leases on Mid to lon term ILC- develo communi asset business case lore o ortunities to develo new communi ital Develo ments Short term Roll out digital information & feedback as option across all service areas usin inte rated CRM tool Mid to lon term Identi & secure further fundin tosu orton oin ital develo ment work Integrate digital delivery options, digitsl skills & digital inclusion approaches across all service areas Documented di ital strate across whole or anisation Develop a digital strategy & plan for each service area to support improved digital inclusion, en ement and ex erience for service users. Integrated Services ardens - lon term & new conditions of o eration assets Development & Funding of Our Services Communi Short Temi Align and develop current ILSIPeer Support models with direction of travel of need & funding in this arena e.g. long term impact of COVID on mental health & Minorit Ethnic Communities. loneliness a enda, di ital inclusion. Develop membership & volunteer engagement & management approaches & rocesses. Mid to Lon Tern7 lore how the SPA can be develo S ecialist Em ment Su Short Term Enhance ualit assurance s stems, rocesses and rocedures Build links with Solihull SES new lead links to eo le & relationshi Ex lore & secure lace on FSF D namic Purchasin Mid to Lon Term Build meaningful employer database & strategy for sustsinable employer en ement links to eo le & relationshi riorit Ongoing alignment & development of services with emerging needs and focus e.g. inte rated wellbein & mental health su ort. Growin O ortunitieslwellbein & Social Enter Short Term Revisit structure for this division to include growth of trading & social enterprise activities links to eo le & relationshi riorit Com lete ilot of arden maintenance & related services. Mid to Lon Term Specific research & development of day services opportunities using gardens andlor communit rovision cross reference Communit & En ement Team . Develop further added value wellbeing interventions, training & support that can be inte rated into other ServIS or delivered on a standalone basis. Ex lorel ilot other linked enter rise activities 'sweat the assets, Inte rated - Cross Cuttin Short term Finalise & action fundin Mid to Lon Term Continue to develop new partnership approaches to secure largelarea based co- ordinated fundin . WMCA, CIS Explore & test new trading & social enterprise (including online) opportunities across all integrated services e.g. additional garden related services, disability confident support for employers & other organisations, mental health first aid & related worksho &En ement edlextended sustainabl riori rise Activities lan for next 12- 18 months Page 7
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Digital development plan for all service areas- both hybrid seNices and extending reach be ond local areas. Watching brief of development of CRF programme & new funding streams in loneliness and isolation and mental health and wellbein ace. IDirect Pa ments Short term Enhance uali assurance s stems, rocesses and rocedures Improved communications & engagement with DP commissioners, funders & service mana ers link to eo le & relationshi riorit Retender forlretain existin contracts e. Walsall DP. Finalise & action DP fundin lan for next 12- 18 months Mid to Lon Term Continue to maintain current position with retention of existing contracts with small rowth. Working with digital partner continued improvements to PA register (link to our sical and di ital resources & assets lore new DP areas & com lementa services Organisation wide review & development of quality assurance framework including documented rocesses & rocedures AND feedback a roaches. Improve internal and external recording and reporting of output, outcome and act data. Mid to lon term Embeddin new im act assessment and re ortin tools includin Work Star. Ensure all systems and processes are compliant and monitored in line with current and chan le islation, re ulations and indust relevant uidance. Continuously develop a feedback and evaluation cycle to support organisational rovements. Develop a digital strategy to support improved service user engagement and ex erience. Quality, Outcomes & Impact Pa8e 8
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 What ha ened in 2023 - 2024- A Summar of the Year OveNiew Despite funding and cost of living challenges, 2023124 has been a year where we have: Increased the number of disabled and disadvantaged people we are supporting annually to over 4,000 individual service users. Expanded our services to meet new and developing needs, for example supporting the cost- of-living crisis being experienced by many of our service users. Developed additional mental health and public health services to meet specific needs, for example drug and alcohol dependency. Run our biggest ever Corporate Social Responsibility (CSR) programme and received circa 2,000 volunteer hours from 11 organisations. Consolidated our partnerships with CIS and Sandwell Consortium, which has resulted in more joint working in 2023124 than ever before. Finished 2023124 with a small surplus which protects our reserves for planned infrastructure investment and support in 2024125. It is because of the hard work and commitment of the management team. staff and volunteers that IFA continues to deliver vital services for the community despite the challenges of reduction in public sector spending and the cost-of-living crisis which has also negatively impacted the charity. More detail is provided below of the work delivered, along with a summary of key highlights and challenges across the service areas for 23124. Each year we produce an Annual Impact Report where you can find more detail and is available at www.idealforall.co.uk. Service Delivery Highlights & Key Challenges." Direct Payments." We continued to support Direct Payment recipients (DPRS) within those areas we have contracts and spot purchase arrangements for. We saw a small increase in the number of DPR'S supported during the year. Over 2000 DPR'S were supported in total, with a live caseload of over 1600 DPRS at the end of the year. We delivered support across the UK, including Birmingham, Sandwell. Walsall, Staffordshire, Leicestershire. Nottingham. Derbyshire, South Gloucestershire, and Sheffield. There were no changes in contracting arrangements in 2023124. Key contract retendering for Sandwell and Birmingham is planned during the 2024125 financial year. Integrated Services.. Our Integrated Services support includes information, advice and guidance, peer supporvhealth condition management groups, Health & Wellbeing including mental health, employment & skills support and our growing opportunities and social enterprise activities. The service saw another increase in the numbers being supported in year, with over 2000 individuals across all programmes. Challenges in the year have remained around the short-term nature of funding, and multiple smaller pots has meant the team has had to be flexible and agile in managing resources. Smaller funded projects still required the same robust levels of management and monitoring as larger pots of funding or contracts. Over 20 individual funding streams have been managed and delivered by the Integrated team in 2023124. We have provided a snapshot below. Page 9
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT {continued) FOR THE YEAR ENDED 31 MARCH 2024 Demand for mental health and public health services remained high and a key focus on the services work in 2023124. We delivered new initiatives and projects through the year including: Better Mental Health - Inspiring Positive Minds - a tailored face-to-face mental health recovery programme with integrated peer support, for people with wellbeing or mental health needs from any marginalised group including those from minority ethnic communities and those living with disabilities, health conditions and people in receipt of a care packages. We successfully reapplied for this grant and built on previous years, work to engage and support over the two years 96 people in the 12-week programme and over 150 people in one off interventions to have better mental health. The Anticipatory Care project, a short term (7 month) initiative focused on proactive healthcare and tackling health inequalities and outcomes. IFA supported 50 Sandwell residents to become more physically active, eat healthier, become better connectedlless lonely and isolated and improve feelings of wellbeing through being outdoors. participating in therapeutic gardening and related activities. A new Drugs and Alcohol Recovery Programme, where over 200 individuals requiring support have been engaged, the majority of whom have self-referred through our community engagement work. Reach and Reconnect, funded by Sandwell Consortium via the National Lottery is a project focusing on improving health, digital and wider determinants of health outcomes for local residents. To date we have delivered circa 80 sessions and engaged with 50 Sandwell residents. We commenced our new Better Health for All (Building Connections with Nature & the Community) project during the year. This is a 3-year project funded by The National Lottery Community Fund, developed around the 5 Ways to Wellbeing to not only support health and wellbeing outcomes, but utilises and maximises IFA'S existing three Green Spaces & Community Gardens, enabling residents living in Sandwell and surrounding areas to connect with each other and nature. Our community and market gardens remain a key asset in delivering many of our mental and public health initiatives for adults as well as support for children & families accessing our successful Holiday Activity Fund activities, delivered from indoor and outdoor spaces. Peer support and condition management remained a key part of our service offer, with the Long COVID work developing further to support the community in this post pandemic era. We continued to deliver support within our established specialised, discretionary and targeted employment and advice programmes in Sandwell and Solihull, with circa 450 individuals being supported by our advice and employment team. Our work within the advice, training and employment space has continued to develop during the year to include new initiatives, primarily through our partnership with Sandwell Consortium, like targeted Cost of Living support (COLT), language support (ESOL), financial and digital literacy work. The employment and advice teams deliver across multiple outcomes and performance frameworks are specific to individual contracts or funding streams. For example, in relation to benefits advice we evidence 'gains' made (financial benefits increased) and through our new Cost-of-Living support and existing Advice Grant gains totalled over £272,000 this year. More detail on outcomes and impact can be found in our annual impact assessment reports. We continued to deliver Community Offer, as both a frontline navigator organisation through our partnership with CIS and as the Single Point of Contact in our own right. In year, circa 1000 residents were referred to the Single Point of Access and supported through the Community Offer network. We continued to deliver a range of initiatives in partnership with CIS, in addition to those already outlined including the.. Page 10
IDEAL FOR ALL LIMITED IA company limited by guarantee} TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 PAGE project- where IFA offers independent living skills to parents with learning disabilities, who are alreadylmay be at risk of losing their children. Bereavement & health and wellbeing project for carers - funded through Birmingham City Council. We finished the year on a high note, having received notification that we had been successful in securing Inclusive Communities capital funding for 202412025 to make further improvements to Salop Drive Market and Community Garden. We also made a step fOard in agreeing in principle to asset transfers of two of our community and market garden sites in Sandwell with the Local Authority. This is critical if we are going to be able to secure the long-term future of these sites through sourcing and levering ongoing development funding. As we come to the end of our current business plan period, we are in the process of starting the development process of our new 3-year business and forward plan. This will help us to build on our strengths and tackle the challenges the charity faces both in the short and longer term. Securing long-term and sustainable funding remains a key challenge. Whilst we finished the year with a small surplus, we know that 2024125 will be a challenging year with many projects and funding streams coming to an end and service specifications being changed, for example Community Offer. We know these changes may require organisational restructuring and a refocusing of existing services. Our partnerships with CIS and Sandwell Consortium will remain ever more important as we navigate the likelihood of increased devolution and more funding being distributed via the West Midlands Combined Authority (WMCA) and Local Authorities. Governance and User-led Focus During 2023-2024, Ideal for All Trustees have met as a full board on 4 occasions. Governance arrangements are continually reviewed to ensure they are adequate to meet the effective running of the charity. An executive group made up of the Chair, Vice Chair, Treasurer and Chief Executive Officer are also meeting at least quarterly and more regularly if required to aid prompt decision making. The Chairperson and Senior Trustees, provided user-led perspective and advice on contracts and organisational matters. Our Trustees would like to say thank you to all the staff, volunteers. families and partner organisations for supporting Ideal for All during 2023/2024. Helping to make life better for all of us Page 11
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Acknowled ement of Fundin We acknowledge and thank our commissioners and funders.. Birmingham City Council Black Country Futures Partnership Communities in Sync Derbyshire Council Hateley Cross Big Local Leicestershire County Council National Lottery Community Fund Nottingham City Council Sandwell Consortium Sandwell MBC Sandwell & West Birmingham CCG scvo Sheffield Council Solihull MBC South Gloucestershire Council Staffordshire County Council Walsall MBC York City Council Individual Service Users Our fundraising Volunteers Page 12
IDEAL FOR ALL LIMITED (A company limited by guarantee) TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Risk management and internal control The Board has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is reviewed updated at least quarterly. Where appropriate, systems or procedures have been established in order to mitigate identified external and internal risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers and the people who use our services. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Major Risks Identified.. 1. Loss of contracts currently in place and loss of long term funding that is currently renewed each year. To mitigate against this risk IFA continue to scope geographically for new contracts and benchmark pricing to market competition. Ensure we have the capacity, skills and access to external expertise to source and complete relevant tenders. Continuous dialogue internally with staff teams and externally with funders and commissioners to review and improve quality and efficiency. Ensure capacity to source and complete grant applications that meet charitable objectives and beneficiary outcomes. 2. Error in financial payments for Direct Payment liabilities.. To mitigate this risk IFA have financial controls in place to ensure dual authority of all transactions - Access to individual accounts is via security passwords only and limited to authorised staff. Regular reconciliations and audits are carried out to identify & rectify errors. Dependency on key staff To mitigate this IFA nurture a culture of sharing and multitasking within staff teams and development of an integrated provision of services where staff can learn and share job roles. Access to external support has also been embedded supporting in times of staff sickness or emergency leave. Page 13
IDEAL FOR ALL LIMITED IA company limited by guarantee) TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 To mitigate against financial and nonfinancial risks we have adopted procedures and policies to ensure legislative compliance to Health & Safety of staff, volunteers, our beneficiaries, and visitors. We abide by employment law and being a "best practice" equal opportunities employer. Reserves policy The trustees have examined the charity's requirements for free reserves in the light of the main risks to the organisation. The policy remains as agreed, that the reserves should be equivalent to between six and nine months of the previous years unrestricted fund expenditure plus any staff funded from restricted expenditure. Free reserves would also be defined to include unrestricted funds. The free reserves are needed to meet the working capital requirements of the charity, and the trustees are confident that, at this level, the charity would be able to continue its current activities beyond a six-month period in the event of a significant drop in funding. This period would enable the trustees to consider the extent to which the existing activities and expenditure would need to be curtailed should such circumstances arise. Target reserves calculated on this basis would range from £343.339 to £515,007. Actual free reserves as at 31 March 2024 amounted to £686,677 (excluding designated & restricted) which is above the target range. However, with current uncertainties over future funding streams the trustees are satisfied with this level. The level of reserves is monitored and reviewed by the trustees annually. Financial review Income of £1,332,348 is reported, an increase compared with the previous year (2023.. 1,297,427). The small increase in income is due to a significant number of one-off short-term grants in the year 23124. There was a surplus for 2023124 of £6,707 in comparison to a deficit of £30,557 in 2022123 Page 14
IDEAL FOR ALL LIMITED (A company limited byguarantee) TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods Future developments The trustees and management have set out the following goals for the coming year.. Continue to implement and monitor the objectives and SMART actions set out in the 2021-2024 business plan and develop and implement new business plan for 2025 - 2028. Continue to develop existing and new partnerships to support access to wider funding and sustainable delivery. Explore and pursue alternative funding opportunities and income streams including development of social enterprise activities that supports delivery of vital community-based services and mitigates the impact of short-term funding and service delivery beyond time limited grant funding Review organisational structure and restructure (as required) to meet current and future needs of the charity. Review pricing strategies, financial systems & processes and premises. Continue to review capacity- supporting workforce development and training. Asset Management options - Continue and drive forward dialogue with current landlords (SMBC) on asset transfer of two of our horticultural sites {Salop Drive & Barlow Road) and our tenancy at ILC and Malthouse Gardens. Continue to monitor use and needs within Castle Mill site. Structure, governance and management Constitution The company is constituted under a Memorandum of Association dated 9 May 1996 and is a registered charity number 1070112. Method of appointment or election of trustees The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Trustees are elected from the membership and comprises between two and fifteen members, of which at least half shall have a disability. The Trustees have power to co-opt to the board up to the maximum but these appointments are ratified at the next annual general meeting. Policies adopted for the induction and training of Trustees New trustees are invited and encouraged to attend a series of short meetings to familiarise themselves with the charity and the context in which it operates. The Chief Executive Officer of the charity covers the following-. Page 15
IDEAL FOR ALL LIMITED (A company limited by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Obligations of trustees, Main documents which set out operational framework for the charity, including the memorandum and articles of association, Resourcing and the current financial position as set out in the latest published accounts, Details of all current services and projects, Future plans and objectives. Organisational structure and decision making The Board of Trustees meets quarterly and is responsible for the strategic direction and policy of the charity. The Board has appointed an executive committee made up of the Chairperson, Vice- Chairperson and Treasurer who meet with the Chief Executive Officer on a regular basis. Seminars are held between Board meetings for the development of Trustees where appropriate. A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the Chief Executive Officer. The Chief Executive Officer is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. Pay policy for senior staff Trustees are not remunerated. The charity has internal pay scales and grades which have been devised by external HR support, and these are benchmarked against similar companieslcharities and roles. The Chief Executive Officer salary is set by the Board of Trustees using the above approach. Salaries of other senior staff are set by the Board and the Chief Executive Officer. Trustees. responsibilities statement The trustees (who are also directors of Ideal for All Limited 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, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. obsenie the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. Pa8e 16
IDEAL FOR ALL LIMITED (A company limited byguarantee} TRUSTEES, REPORT {continuedl FOR THE YEAR ENDED 31 MARCH 2024 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditor In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware., and 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 Feltons has expressed their willingness to continue in office. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was approved by the trustees, 4th September 2024 and signed on their behalf by.. Mrs C Goff, Chairperson Page 17
Independent Auditor's Report to the Members of Ideal For All Limited (A Company Limited by Guarantee) Opinion We have audited the financial statements of Ideal For All Limited (A Company Limited by Guarantee) for the year ended 31 March 2024 which ¢omprise the Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Arxepted A¢¢ounting Practice). In our opinion the financial statements give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended", have been properly prepared in aG¢ordan¢e 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 Stsndards on Auditing {UK) {ISAs {UK)l and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial ststements 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 ¢on¢ern 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 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 annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Page 18
Independent Auditor's Report to the Members of Ideal For All Limited (A Company Limited by Guarantee) {continued) Other information (continued) Our responsibility is to read the other information and, in doing so, consider whether the other informalion 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 misslatements, 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. Opinion 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 for the financial year for which the financial statements are prepared is consistent with the financial statements- and the truslees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of trustees, remuneration spe¢ified by law are not made- or we have not received all the information and explanations we require for our audit. the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities ot trustees As explained more fully in the Trustees, Responsibilities statement {set out on page 16), the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal 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 charitable company's ability to continue as a going Goncern, disclosing, as applicable, matters related to going Concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Gharitable company or to cease operations, or have no realistiG alternative but to do so. Page 19
Independent Auditor's Report to the Members of Ideal For All Limited (A Company Limited by Guarantee) (continued) 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 malerial 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, bul 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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.. We reviewed the company's control and risk management procedures and planned our work based on our assessment of those controls and procedures., This review included an assessment of the risk of material misstatement due to errors, fraud and management override of controls for all material areas in the financial statements., We made enquiries of management and the company's lawyers regarding any actual or potential litigation andlor claims. Financial statements disclosures were reviewed and checked for compliance with applicable laws., Detailed testing was conducted on balanS and transactions including unusual items and those of individual significance to the financial statements- Data analytics were used in order to identify unusual or significant trends; Communications with management and those charged with governance regarding relevant matters was undertaken throughout the audit and on completion. 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-complian. The risk is also greater regarding irregulartties occurrtng due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilites. 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 a¢¢ordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assurne responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. David W Farnsworth FCA {Senior Statutory Auditor) For and on behalf of Feltons, Statutory Auditor 8 Sovereign Court 8 Graham Street Birmingham B13JR Page 20
Ideal For All Limited (A Company Limited by Guarantee) Statement of financial activities for the year ended 31 March 2024 (including income and expenditure account) Restricted Designated funds Unrestricted funds Total funds Total funds funds 2024 2024 2024 2024 2023 Notes Income from . Income from charitable activities Donations and legacies Investments 670,623 628,694 4,134 28.897 1,299,317 4,134 28.897 1,292.328 3.861 1.238 Total income 670.623 661,725 1,332,348 1,297,427 Expenditure on . Charitable activities.. 697,623 628,018 1,325,641 1,327,984 Total expenditure 697,623 628,018 1,325,641 1,327,984 Net incomel{expenditure} before transfers (27,000} 33,707 6,707 130.5571 Gross transfers beeen funds 13 Net movement in funds {27,0001 33,707 6,707 {30,5571 Reconciliation of funds Totsl funds brought forward 27.000 300.714 652.970 980.684 1.011,241 Total funds carried forward 300,714 686,677 987,391 980,684 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. Page 21
Ideal For All Limited {A Company Limited by Guarantee) Company number . 03196518 Balance sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangible assets Investments 99,272 80.678 10 99,273 80,679 Current assets Debtors Cash at bank and in hand 83,187 909,568 992.755 103,541 927,268 1,030,809 Liabilities Creditors.- amounts falling due within one year 12 104,637 130.804 Net current assets 888.118 900,005 Total net assets 987,391 980,684 Charity Funds Restricted funds Designated funds Unrestricted funds 13 13 13 27.000 300,714 652,970 300.714 686,677 Total funds 987.391 980,684 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved and authorised for issue by the Trustees on 4 September 2024 and signed on their behalf, by.. Mrs C Goff - Chair ot Trustees The notes on page 24 to 37 form part of these financial statements. Page 22
Ideal For All Limited (A Company Limited by Guarantee) statement of cash flows for the year ended 31 March 2024 Notes 2024 2023 Cash flows from operating activities Net cash (used in) I provided by operating activities 15 (7,366) 45,758 Cash flows from investing activities Payments to acquire tangible fixed assets 139,231 } (73,087) Investment income 28,897 1,238 Change in cash and cash equivalents in the year (17,700) {26,091) Cash and cash equivalents brought fotward 927,268 953,359 Cash and cash equivalents carried fomard 16 909,568 927,268 Page 23
Ideal For All Limited {A Company Limited by Guarantee Notes to the financial statements for the year ended 31 March 2024 1. Accounting policies a) General information Ideal For All Limited is a charilable company limited by guarantee and incorporated in England. Its registered office is 100 Oldbury Road, Smelhwick, West Midlands. B66 1JE. Its principal activity is the provision of support services to older persons, those who are sick or who have a physical, learning or sensory disability. b) Basis of preparation 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. Ideal For All Limited meets the definition of a public benefit entity under FRS102. Assels and liabilities are initially recognised at historical cosl or Iransaclion value unless otherwise slated in the relevant accounting policy. The financial statements are presented in sterling which is the functional currency of the Charity and rounded lo the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless othemise stated. cl Company status The company is limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up. the liability in respect of the guarantee is limited to £1 per member of the company. dl Going concem The company has nel current assets of £888.118 at March 2024 and made a surplus for the year then ended. Accordingly Ihe directors do not believe that the company has any going concern issues and have prepared the financial statements on that basis. el Income recognition All income is recognised once the company has entitlement lo the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Government grants Government grants relating lo tangible fixed assets are treated as deferred income and released lo the Statement of Financial Aclivities incorporating income and expenditure account over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities incorporating income and expenditure account as the related expenditure is incurred. Page 24
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 lcontinued) 1. Accounting policies (continued) el Income recognition {continuedl Donations Donations are recognised on a receivable basis where thère is certainty of receipt and the amount can be reliably measured. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilmenl of those conditions is within the control of the charity and it is probable thal they will be fulfilled. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the interest paid or payable by the bank. Expenditure recognition Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activily and support costs which are nol attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation Gharges allocated on the portion of the assel's use. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management support. All expenditure (excluding that inGurred in the provision of Direct Payments services) is inclusive of irrecoverable VAT. g) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objeotives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by Trustees for particular purposes. The aim and use of each designaled fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial slatements. Page 25
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued) 1. Accounting policies (continued) h) Allocation of support costs Support costs are those that assist the work of Ihe charity but do not directly represent charilable activities and include office costs, governance costs and administrative payroll costs. Where support costs cannot be directly altribuled to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are sel out in note 5. i) Tangible fixed assets All assets ¢osting more than £1.000 are capitalised. A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impaimients. Impairment losses are recognised in the Statement of Financial Activities incorporating income and expenditure account. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assels, less their estimated residual value, over their expected useful lives on the following basis= Garden buildings and equipment Fixtures and fittings Technical equipment over 10 years on a slraight line basis over 10 years on a straight line basis over 3 years on a straight line basis J) Investments Investments in group companies are staled at cost less impairment. kl Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 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 acquisilion or opening of the deposit or similar account. Page 26
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued} 1. Accounting policies (continued) m) Liabilities Liabilities are recognised when there is an obligation at the balance sheet date as a resull of a past evenl, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Provisions are measured at the best estimate of the amounts required to settle the obligalion. n) Operating leases Rentals under operating leases are charged to the Statement of Financial Activities incorporating income and expenditure on a straight line basis over the period of the lease term. ol Taxation The company is considered to pass the tests sel out in Paragraph 1 Schedule 6 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 calegories overed by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. pl Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ql Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors. including expectations of future events that are believed to be reasonable under Ihe circumstan$. There are no critical accounting estimales or areas of judgement. Page 27
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued) 2. Income from charitable activities Restricted funds 2024 Designated Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Grants and contracts Earned income 559,792 110,831 670,623 559,792 739,525 1,299.317 652,767 639,561 1,292,328 628,694 628.694 2023 total 741,589 550.739 1,292,328 Analysis of grants CIS - Communily Offer Sandwell MBC - Better Menlal Health Sandwell MBC - Peer Support Grant SMBC - Community Offei- Single Point of Access Sandwell MBC - Voluntary Main Programme Grant Sandwell Consortium- UKSPF Sandwell MBC - Hoiday Activities Funding Communities in Sync- National Lottery- PAGE Project Sandwell Consortium - Sandwell MBC Advice Grant Communities in Sync - Caring for Carers Project Sandwell Consortium - Mulliply Project The National Lottery Community Fund - Belter Heatlh for All SCVO- SMBC - Anticipotary Care Grant Sandwell Consortium - Reach & Reconnect Sandwell Consortium - HCBL Black Country Futures - National Lottery- via Steps to Work Sandwell Consortium - COLT Sandwell Consortium- ESOL Sandwell MBC - Recovery Project Grant Communities in Sync- Birmingham Beraevement ServiGe Sandwell MBC - Digital Grant Sandwell MBC _ Community Infrastructure Levy Communities in Sync- WDH Building Better Opp- Steps to Work Skills for Care - ULO funding West Midlands Combined Authority- Stand Out Project Communitys In Sync- Winter Pressure Fund SMBC - Healthy Sandwell Grant Building Belter Opp - Sandwell Consortium Building Better Opp - Heart of England Foundation Sandwell Consortium- CRF 50+ SCVO- SMBC - Vision 2030 Grant Active Black Country Grant- Black Country Consortium 70,666 63,600 50,000 40,000 28,092 19,771 19,759 17.417 17,161 8,000 5,165 75,033 29.424 20,153 18,469 16,821 15,465 15,020 10,730 8.000 5,000 3.984 2,062 77.733 42,403 50.000 44,000 28.092 3,501 13.138 34,069 16,344 19.167 4,696 143,692 47,969 39.133 37.110 15,000 13,368 8.518 7,068 4.966 2,800 559,792 652.767 Included within Income from Charitable Activities is grant income received from government sources being Sandwell MBC. There are no unfulfilled conditions or other contingencies attached to the government grants above. Page 28
Ideal For All Limited (A Company Limited by Guarantee Notes to the financial statements for the year ended 31 March 2024 Icontinued) 3. Income from donations and legacies Restricted funds 2024 Designated Unrestricted funds funds 2024 2024 Totsl funds 2024 Total funds 2023 Donations 4,134 4,134 3,861 4,134 4,134 3.861 2023 total 3,861 3,861 4. Expenditure on charitable activities Total 2024 Total 2023 Operational and support costs Wages and salaries National Insurance Pension costs Gardening equipment and horticultural sundiies Equipment leasing Computer support User participation Staff training Travel & subsistence expenses Depreciation Support costs (see note 5) Governance costs (see note 5) 900,374 53.071 22.477 21,195 1,670 15,723 22,034 8.441 8,270 20,637 247.375 4,374 898,353 73,211 23,041 6,848 5,450 13.863 19.368 4,278 6.576 10.375 261.706 4.915 1,325,641 1.327.984 Total expenditure on charitable activities was £1,325,641 (2023 - £1,327,984) of which £628.018 (2023 - £613.3951 was unrestricted and £697.623 (2023 - £714.5891 was restricted. Page 29
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued) 5. Analysis of support and governance costs Basis of allocation General support Governance function Totsl 2024 Total 2023 Wages and salaries Staff time National insurance Staff time Pension costs Staff time Property rental Usage Utilities and maintenance Usage Office costs Usage Insurance Usage Legal. professional & bank charges Usage Auditor's remuneration Governance 64,620 6,466 2,188 29,877 37,430 75,836 6,440 24,518 64,620 6,466 2.188 29,877 37,430 75,836 6,440 24,518 4.374 69,739 7,377 2,188 33,381 38,569 80.963 5,998 23.491 4,915 4,374 247,375 4.374 251.749 266,621 6. Net income This is stated after charging: 2024 2023 Depreciation of tangible fixed assets.. owned by the charity Operating lease rentals 20,637 30,809 10.375 30,809 During the current and previous year, no trustees received any remuneration nor any benefits in kind. During the year. two trustees received reimbursement of travelling expenses totalling £150 (2023- £77 paid to one trustee). 7. Auditorfs remuneration The audilor's remuneralion amounts to an audit fee of £4.345 {2023.' £4.915). 8. Staff cost Staff costs during the period were.. Total 2024 Total 2023 Wages and salaries Social security costs Pension cosls 964,994 59,537 24,665 1.049.196 968,092 80.588 25,229 1,073,909 Wages and salaries includes an ex-gratia payment of £1.100 paid to a fomier employee. Page 30
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued) 8. Stsff cost (continued) The average number of persons employed by the company during the yearwas as follows.. 2024 Number 2024 FTE 2023 Number 2023 FTE 42 40 41 40 No employee received remuneration amounting to more than £60,000 in either year. The Charity's key management personnel comprises the truslees and Senior Management Team (being the Chief Executive Offir, Contracts and Development Managers, Direct Payment Manager and Contract Monitoring Officer). The total employee benefits (including employer pension contributions) received by the key management personnel for their services lo the charity in the year was £158,465 {2023'. £159,069). None of the truslees received any remuneration during the year. Included within staff costs is £nil (2023= £291) in respect of agency workers and temporary staff. 9. Tangible fixed assets Garden buildings and equipment Furniture, fittings and equipment Technical equipment Total Cost At 1 April 2023 Additions 573.013 12,062 10.641 39.047 27.169 622.701 39.231 At 31 March 2024 585.075 10,641 66,216 661.932 Depreciation At 1 April 2023 Charge for the year 495,393 10,052 10.641 35.989 10,585 542,023 20.637 At 31 March 2024 505,445 10,641 46,574 562.660 Net book values At 31 March 2024 79.630 19.642 99,272 At 31 March 2023 77,620 3,058 80,678 Page 31
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 {continued> 10. Fixed asset investments Shares in group undertakinas Cost At 1 April 2023 and 31 March 2024 The following is a subsidiary undertaking ofthe company: Ideal For All Enterprises Limited Registered office.. 100 Oldbury Road. Smethwick. West Midlands, B66 1JE Company number.. 04158042 2024 2023 Class of shares Holding Ordinary 100/9 2024 2023 Aggregate capital and reserves Profit l (loss) for the year 575 575 11. Debtors 2024 2023 Grants and contracts receivable Other debtors Prepayments 59,147 18,757 5,283 83.788 3,331 16.422 83.187 103,541 12. Creditors: Amounts falling due within one year 2024 2023 Creditors from operations Other taxation and social security Other creditors Accruals and deferred income 12,414 47,208 11.231 33,784 21,433 41.060 45,050 23,261 104,637 130.804 Deferred income Deferred income at 1 April 2023 ReSoUrS deferred in the year Amounls released from previous years Deferred income at 31 March 2024 18,917 29,439 18,917 29.439 18.917 18,917 18.917 18,917 Al the balance sheet date the charity was holding funds received in advanGe for grants where the qualifying expenditure is expected to be incurred in a future year. Page 32
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued) 13. Ststement of funds Statement of funds - current year Balance at 1 April 2023 Balance at 31 March 2024 Income Expenditure Unrestricted funds General unrestricted funds 652,970 661,725 (628,0181 686,677 652,970 661,725 628,018 686,677 Restricted funds CIS - Community Offer Communities in Sync- BCC - Caring for Carers Project Communities in Sync- National Lottery- PAGE Project Communities in Sync- Birmingham Beraevement Service Communities in Sync- WDH Skills for Care ULO Sandwell Consortium- Sandwell MBC Advice Sandwell Consortium - Multiply Project Sandwell Consortium - UKSPF Sandwell Consortium - ESOL Sandwell Consortium- Reach & Reconnecl Sandwell Consortium- HCBL Sandwell Consortium- COLT CIS - Lottery PAGE Sandwell MBC - Voluntary Main Programme Grant Sandwell MBC - Community Infrastructure Levy Sandwell MBC - Recovery Project Grant Sandwell MBC - Digital Grant Sandwell MBC- Better Mental Health Solihull Specialist Employment Solihull Specialist Employment LSE SMBC - Community Offer- Single Point of Access Black Country Futures - National Lottery - via Steps to Work The National Lottery Community Fund - Better Heatlh for All SCVO- SMBC - Anticipolary Care Grant 78,166 178,166) 8,000 18,0001 17,417 (17,4171 8.000 2,062 {8,000) (2,062) (10,000) 117,161) (5,165} 119,7711 {15,0201 (20,1531 (18,469) {15.465) (17,000) 128,092) (3,984) 110,730) (5,0001 {63,6001 (154,4901 (18,600) (40.000) 10,000 17,161 5,165 19,771 15,020 20.153 18,469 15,465 17,000 28,092 3,984 10,730 5,000 63,600 154.490 18,600 40,000 16,821 116,821) 75,033 29,424 175,033} {29,4241 27.000 670,623 697,623 Designated funds Project reserves 300.714 300,714 Totsl of funds 980,684 1,332,348 11.325,641) 987,391 Page 33
Ideal For All Limited (A Company Limited by Guarantee Notes to the financial statements for the year ended 31 March 2024 (continued) 13. Statement of funds (continued) Statement of funds - prior year Balance at 1 April 2022 Expenditure (including transfer} Balance at 31 March 2023 Income Unrestricted funds General unrestricted funds 710,527 555,838 (613,395) 652,970 710.527 555.838 613,395 652,970 Restricted funds Building Beller Opp- Steps to Work Building Better Opp- Heart of England Foundation Building Better Opp- Sandwell Consortium CIS- Community Offer Wesl Midlands Combined Authority- Sland Out Communitys In Sync- Winter Pressure Fund SMBC - Community Offer- Single Point of Access SMBC - Better Mental Health Skills for Care ULO Active Black Country Grant- Black Country Sandwell Consortium- Sandwell MBC Advice Sandwell MBC - Voluntary Main Programme Grant Sandwell MBC - Healthy Lifestyle Grant Solihull Specialist Employment CIS - Kickstart Placements CIS - Lottery PAGE Communities in Sync- BCC- Caring for Carers Sandwell Consortium- CRF 50+ Sandwell Consortium - Multiply Proje Sandwell Consortium - UKSPF SCVO- SMBC- Vision 2030 Grant 143,692 8.518 13,368 83.232 39,133 37.110 44,000 42,403 47,969 2,800 16.344 28,092 15.000 145,745 716 34,069 19.167 7.068 4,696 3.501 4,966 {143,6921 (8,5181 {13,368) {83.232) (39.133) (37.110) (44,000) (42,403) (37.969} (2,800} {16,344J {28,092) {15.000) (145,745) {716) (17,069) (19,167) (7,068) (4.696) (3,501) (4,966) 10.000 17,000 741,589 (714,589) 27.000 Designated funds Project reserves 300.714 300,714 Totsl of funds 1,011,241 1,297,427 {1,327.984) 980.684 Page 34
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued 14. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Designated Unrestricted funds funds funds 2024 2024 2024 Total funds 2024 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 99.272 99,272 300,714 692,041 {104.637) 992,755 1104,637) Total net assets 300,714 686.677 987,391 Analysis of net assets between funds - prior year Restricted funds 2023 Designated Unrestricted funds funds 2023 2023 Totsl funds 2023 Tangible fixed assets Fixed asset investments Curient assels Creditors due within one year 80,678 80.678 27,000 300.714 703.095 (130,804) 1,030.809 {130,804) Total net assets 27.000 300,714 652,970 980,684 15. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net incomel(expenditure} for reporting period (as per the SOFA) Adjusted for Depreciation charges Interest receivable Decrease in debtors (Decrease) l increase in creditors 6,707 (30,557) 20,638 {28,897) 20,354 (26,1681 10.376 (1,238) 13,574 53.603 Net cash (used in) I provided by operating activities (7,366) 45,758 Page 35
Ideal For All Limited (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024 (continued) 16. Analysis of cash and cash equivalents 2024 2023 Cash at bank and in hand 909,568 927,268 909,568 927,268 17. Pension commitments The company operates a defined contribution pension scheme covering certain employees. The assets of the scheme are invested and managed independently of the finan$ of the company. Contributions paid in the year amounled to £24.66512023.' £25.229). Al the year end a balance of £3.578 was payable (2023= £21 receivable). 18. Operating lease commitments At 31 March 2024 the total of the charity's future minimum lease payments under non-cancellable opèrating leases was.. 2024 2023 Within 1 year Between 1 and 5 years After more than 5 years 4,000 7.000 8,000 16,553 10.000 9,000 19.000 35,553 19. Related party transactions The following related party transaclions took place during the period = s.c.v.o. Khatija Patel (CEO) is a trustee of S.C.V.O. 2024 2023 Grants recevied from related party during the year 29,424 4.966 Colnmunities In Sync Limited Khatija Patel (CEO) is a director of Communities In Sync Limited 2024 2023 Grants recevied from related party during the year 106,145 168.079 Page 36
Ideal For All Limited (A Company Limited by Guarantee Notes to the financial statements for the year ended 31 March 2024 (continued) 19. Related party transactions (continued) Sandwell Consortium CIC Ideal For All Limited as an organisation is a member of the board of directors of Sandwell Consortium CIC 2024 2023 Grants recevied from related party during the year 111,204 44,977 20. Managed accounts The company operates managed accounts on behalf of service users who receive direct payments. The funds held at the year end date were £2.486,678 (2023-. £4,028,867) and are held in separate bank accounts in trust for these individuals. These amounts are not recognised in the balance sheet. 21. Financial Instruments The Charity only holds basic Financial Instruments. Financial Instruments are classified and accounled for according to the substance of the contractual arrangement as financial assets or financial liabilities. The financial assets and financial liabilities of the Chariiy are as follows.. Debtors Other debtors and grants and contracts receivable of £59,147 (2023: £83.788) are financial inslruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank - is classified as a basic financial instrument and is measured at face value. Liabilities - Trade creditors, accruals and other creditors of £20.337 (2023= £25,757) are classified as financial instruments and are measured at amortised cosl. Amounts due for taxation and social security are not financial instruments. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is simply an obligation to deliver charitable setvices rather than cash or another financial instrumenl. Page 37