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 servI￿s. 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 SoUr￿S 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 theIrfa￿VIle5. carers. supportworkers 8nd local communities, regardless ofage. abilily, cr bad 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 ReSoUr￿S 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