REGISTERED COMPANY NUMBER: 03604980 (England and Wales) REGISTERED CHARITY NUMBER: 1072632
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
ADAPT (NORTH EAST)
RMT Ribchesters Accountants and Business Advisors Finchale House Belmont Business Park Durham DH1 1TW
ADAPT (NORTH EAST)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Cash Flow Statement | 9 |
| Notes to the Cash Flow Statement | 10 |
| Notes to the Financial Statements | 11 to 23 |
ADAPT (NORTH EAST) (REGISTERED NUMBER: 03604980)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objective is to improve the quality of life of both disabled and disadvantaged people in the North East, with a focus on Northumberland.
To provide relief to inhabitants in the North East who have need because of youth, age, sickness, mental or physical disability or poverty by the provision and maintenance of a non-profit community transport service.
Significant activities
The main activities of the charity are to provide information, advice and projects are defined by need. Currently they are information and guidance, advocacy and community transport.
Adapt provides the Healthwatch function for Northumberland, providing to the public the consumer champion role for Health and Social Care.
Adapt provides General advocacy for qualifying adults in Northumberland and specialist advocacy for parents referred through Northumberland Children's Services. Adapt within its work across Northumberland provides a network for groups and organisations who are providing services for people with Learning Disabilities.
Adapt provides the Social Prescribing service for three Primary Care Networks across Northumberland and North Tyneside including West Northumberland PCN, Northumbria PCN and North Shields PCN.
Under the Memorandum & Articles of Association the charity has the power to invest the monies of the Association not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions (if any) and such consents (if any) as may for the time being be imposed or required by law and subject also as hereinafter provided.
Public benefit
From 1 April 2008, section 4 of the Charities Act 2006 requires all charities to meet the legal requirement that its aims are for the public benefit. The Trustees confirm that they have complied with the duty to have due regard to the Charity Commission's general guidance on public benefit.
The Charity Commission states that there are two principles to be met in order to show that an organisation's aims are for the public benefit: firstly, there must be an identifiable benefit or benefits and secondly that the benefit must be to the public, or a section of the public.
The Trustees are satisfied that the aims and objectives of the charity, and the activities reported on above, meet these principles.
Volunteers
The organisation works closely with volunteers who help to provide a successful service within the community during the financial year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Throughout the year Adapt (North East) continued to deliver the Healthwatch function and the NHS independent complaints advocacy service for Northumberland County and the statutory Advocacy service for Northumberland County Council.
Adapt (North East) continued to provide the Social Prescribing Service for West Northumberland PCN, Northumbria Primary Care Network and North Shields PCN.
Page 1
ADAPT (NORTH EAST) (REGISTERED NUMBER: 03604980)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Reserves policy
The Trustees monitor the finances of the Charity on a regular basis and feel the risk to be minimal in reducing the level of free reserves and wish to ensure the future prospects of the Charity by securing a suitable base for its operations.
The Trustees have determined that the appropriate level of free reserves, which were £191,180, should be equivalent to be not less than 45% of the core costs. As at 31 March 2024 reserves are below this target.
Our policy is therefore to increase the reserves (which are carried forward for future core activities) to at least this level by maintaining the operating surpluses and judicious investment management of our investment assets.
The trustees have ensured the restricted funds received from various sources have been used effectively and within the funders remit.
The trustees have ensured the unrestricted funds have been used to develop the sustainability of Adapt (North East).
Note 22 to the financial statements describes the various funds of the charity and summarises the year's movements on each fund.
The results for the year are set out on page 6.
Income decreased by £99,991 compared to last year.
Resources expended in the year total £982,465 and remain in line with prior years and are as expected. Overall, a deficit of £6,110 has occurred in the financial year. This is after depreciation charges of £3,180.
The trustees are satisfied with level of performance in the year. Unrestricted funds were £506,103 and the trustees are satisfied with the overall position.
FUTURE PLANS
Adapt (North East) is planning to build on current services and develop new ones to meet requirements of disabled and disadvantaged people.
Adapt (North East) has been successful in delivering Social Prescribing Services and plans to widen this offer working with the NHS.
Adapt (North East) having established Café @ Burn Lane as a standalone project recognise the future ability to support beneficiaries through activities which include food and have plans to develop specific opportunities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Adapt (North East) is a company limited by guarantee and does not have a share capital. It is a registered charity and is governed by its Memorandum & Articles of Association.
Recruitment and appointment of new trustees
Trustees are recruited for skills to enable them to contribute to the governance of Adapt, a variety of mediums are used to recruit suitable trustees. Trustees hold office for an agreed period of time and are ratified at the Annual General Meeting.
Organisational structure
The Trustee board of honorary officers and its members are responsible for the day to day running of the charity. The Trustee board meets bi-monthly and is fully conversant with its legal obligations and has policies and procedures to review the work of the charity.
Induction and training of new trustees
Trustees have agreed to review training on an ongoing basis, with individual trustees accessing relevant training as required.
Page 2
ADAPT (NORTH EAST) (REGISTERED NUMBER: 03604980)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
Adapt (North East) works closely with local voluntary and statutory organisations including, Northumberland County Council.
Risk management
The trustees have examined the main areas of the charity's activities, and looked at the main risks likely to arise in each of these areas. The trustees consider that the systems that have been adopted are adequate to minimise those risks to an acceptable level in the day to day operation of the charity.
It is the opinion of the trustees that for the financial year ended 31 March 2024 the charity has achieved its objectives.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03604980 (England and Wales)
Registered Charity number
1072632
Registered office
Adapt (North East) Old Highways Depot Burn Lane Hexham Northumberland NE46 3HN
Trustees
P Maginn R E Theobalds L Hershon A Stevenson G Clarke (appointed 26/4/2023) A Bishop M Ostler M Briggs
Company Secretary
Mrs E Prudhoe
Independent Examiner
David Holloway BA(hons) FCA DChA RMT Ribchesters Accountants and Business Advisors Finchale House Belmont Business Park Durham DH1 1TW
Bankers
Unity Trust plc Nine Brindleyplace Birmingham B1 2HB
Approved by order of the board of trustees on 14[th] November 2024 and signed on its behalf by:
Page 3
ADAPT (NORTH EAST) (REGISTERED NUMBER: 03604980)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
........................................................................ L Hershon - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ADAPT (NORTH EAST)
Independent examiner's report to the trustees of ADAPT (North East) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Holloway BA(hons) FCA DChA
RMT Ribchesters Accountants and Business Advisors Finchale House Belmont Business Park Durham DH1 1TW
Date: .............................................
Page 5
ADAPT (NORTH EAST)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities Transport provision 5 Healthwatch Advocacy service Getabout car scheme Living Well SMI Project Thriving Together Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Raising funds 6 Charitable activities Core activities 7 Transport provision Healthwatch Advocacy service Getabout car scheme Living Well Bernicia hardship fund SMI Project Thriving Together Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ Restricted funds £ 2024 Total funds £ 2023 Total funds £ 1,362 - 1,362 1,556 122,686 - 122,686 120,759 - 204,529 204,529 190,333 - 63,071 63,071 317,331 36,000 - 36,000 35,992 - 358,693 358,693 295,767 - 16,652 16,652 16,652 - 29,058 29,058 - 62,710 - 62,710 23,807 77,510 - 77,510 70,549 4,084 - 4,084 3,600 304,352 672,003 976,355 1,076,346 12,365 - 12,365 - 177,260 1,653 178,913 181,768 93,355 - 93,355 95,479 - 195,500 195,500 185,381 - 80,070 80,070 302,330 26,536 - 26,536 22,284 - 358,693 358,693 295,767 - 2,237 2,237 - - 20,180 20,180 635 - 14,616 14,616 - 309,516 672,949 982,465 1,083,644 - - - 25,000 (5,164 ) (946) (6,110 ) 17,702 511,267 152,176 663,443 645,741 506,103 151,230 657,333 663,443 |
|---|---|
The notes form part of these financial statements
Page 6
ADAPT (NORTH EAST) (REGISTERED NUMBER: 03604980)
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 13 Investments Investments 14 Investment property 15 CURRENT ASSETS Stocks 16 Debtors 17 Cash at bank CREDITORS Amounts falling due within one year 18 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 19 NET ASSETS FUNDS Unrestricted funds 22 Restricted funds TOTAL FUNDS |
Unrestricted funds £ 7,042 1 575,000 582,043 185 100,539 143,661 244,385 (53,205 ) 191,180 773,223 (267,120 ) 506,103 |
Restricted funds £ - - - - - 59,309 134,512 193,821 (42,591 ) 151,230 151,230 - 151,230 |
2024 Total funds £ 7,042 1 575,000 582,043 185 159,848 278,173 438,206 (95,796 ) 342,410 924,453 (267,120 ) 657,333 506,103 151,230 657,333 |
2023 Total funds £ 4,784 1 575,000 579,785 - 226,925 173,830 400,755 (48,884 ) 351,871 931,656 (268,213 ) 663,443 511,267 152,176 663,443 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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ADAPT (NORTH EAST) (REGISTERED NUMBER: 03604980)
BALANCE SHEET - continued 31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14/11/2024 and were signed on its behalf by:
.............................................
L Hershon - Trustee
The notes form part of these financial statements
Page 8
ADAPT (NORTH EAST)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Dividends received Net cash provided by investing activities Cash flows from financing activities Loan repayments in year Loan to subsidiary Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ 96,532 (21,885 ) 74,647 (5,438 ) 4,084 39,250 37,896 (4,883 ) (3,317 ) (8,200 ) 104,343 173,830 278,173 |
2023 £ (50,659 ) (14,331 ) (64,990 ) (360) 3,600 37,000 40,240 (6,966 ) (6,263 ) (13,229 ) (37,979 ) 211,809 173,830 |
|---|---|---|
The notes form part of these financial statements
Page 9
ADAPT (NORTH EAST)
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2.
| OPERATING ACTIVITIES | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Net (expenditure)/income for the reporting period (as per the | |||
| Statement of Financial Activities) | (6,110 ) | 17,702 | |
| Adjustments for: | |||
| Depreciation charges | 3,180 | 3,680 | |
| Losses on investments | - | (25,000 ) | |
| Profit on disposal of fixed assets | (4,084 ) | (3,600 ) | |
| Interest paid | 21,885 | 14,331 | |
| Dividends received | (39,250 ) | (37,000 ) | |
| Increase in stocks | (185) | - | |
| Decrease/(increase) in debtors | 70,393 | (28,060 ) | |
| Increase in creditors | 50,703 | 7,288 | |
| Net cash provided by/(used in) operations | 96,532 | (50,659 ) | |
| ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS | |||
| At 1.4.23 | Cash flow | At 31.3.24 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 173,830 | 104,343 | 278,173 |
| 173,830 | 104,343 | 278,173 | |
| Debt | |||
| Debts falling due within 1 year | (8,805 ) | 3,791 | (5,014 ) |
| Debts falling due after 1 year | (268,213 ) | 1,093 | (267,120 ) |
| (277,018 ) | 4,884 | (272,134 ) | |
| Total | (103,188 ) | 109,227 | 6,039 |
The notes form part of these financial statements
Page 10
ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
-Voluntary income is received by way of grants, donations and gifts are included in full in the Statement of Financial Activities when the trust becomes entitled. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
-Investment income is included when receivable.
-Incoming resources from charitable trading activities are accounted for when earned.
-Income from commercial trading activities is recognised as earned (as the related services are provided).
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on the basis of time spent.
Tangible fixed assets
Land and buildings are included at their current market value. All other tangible fixed assets are stated at cost less depreciation. Items of equipment are capitalised where the purchase price exceeds £300.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment - 25% straight line Fixtures and fittings - 25% straight line Motor vehicles - 25% straight line
Investment property
Investment property is shown at most recent valuation. Any movement arising from changes in market value is recognised in the period.
Related party exemption
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and pension contributions are charged to the profit and loss account to spread the cost of the pensions over the employees working lives.
Financial instruments
The charitable company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, other loans, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
continued...
Page 12
ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 2. DONATIONS AND LEGACIES Donations Membership subscriptions 3. OTHER TRADING ACTIVITIES Cafe income Room hire and sundry income 4. INVESTMENT INCOME Rents received Distribution from subsidiary 5. INCOME FROM CHARITABLE ACTIVITIES Activity Bus hire Transport provision Contract income Transport provision Grants Transport provision Training Transport provision Grants Healthwatch Grants Advocacy service Grants Getabout car scheme Grants Living Well Grants SMI Project Grants Thriving Together Grants received, included in the above, are as follows: Northumberland County Council BSOG West Northumberland PCN Northumbria PCN Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust Mental Health Concern Independence At Home Other Carried forward |
2024 £ 1,019 343 1,362 2024 £ 21,903 40,807 62,710 2024 £ 38,260 39,250 77,510 2024 £ 31,767 84,213 5,950 756 204,529 63,071 36,000 358,693 16,652 29,058 830,689 2024 £ 323,329 5,950 186,712 102,740 4,800 16,652 - 1,209 641,392 |
2023 £ 502 1,054 1,556 2023 £ - 23,807 23,807 2023 £ 33,549 37,000 70,549 2023 £ 25,152 85,273 8,634 1,700 190,333 317,331 35,992 295,767 16,652 - 976,834 2023 £ 532,656 8,634 208,981 86,286 4,000 16,652 500 - 857,709 |
2023 £ 502 1,054 1,556 2023 £ - 23,807 |
||
|---|---|---|---|---|---|
| 23,807 2023 £ 33,549 37,000 |
|||||
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. INCOME FROM CHARITABLE ACTIVITIES - continued
| Brought forward NHS England Healthwatch North Shields PCN DWP - Access to work |
2024 2023 £ £ 641,392 857,709 - 5,500 4,279 1,500 65,100 - 3,182 - 713,953 864,709 |
|---|---|
6. RAISING FUNDS
Other trading activities
| Other trading activities | ||
|---|---|---|
| Purchases Closing stock |
2024 £ 12,550 (185) 12,365 |
2023 £ - - |
| - |
7. CHARITABLE ACTIVITIES COSTS
| Core activities Transport provision Healthwatch Advocacy service Getabout car scheme Living Well Bernicia hardship fund SMI Project Thriving Together SUPPORT COSTS Management £ Core activities 211,797 Transport provision 153 Healthwatch 13,776 Advocacy service 58 SMI Project 3,135 228,919 |
Support Direct Costs costs (see note 8) Totals £ £ £ (61,986 ) 240,899 178,913 93,202 153 93,355 181,724 13,776 195,500 80,012 58 80,070 26,536 - 26,536 358,693 - 358,693 2,237 - 2,237 17,045 3,135 20,180 14,616 - 14,616 712,079 258,021 970,100 Governance Finance costs Totals £ £ £ 22,975 6,127 240,899 - - 153 - - 13,776 - - 58 - - 3,135 22,975 6,127 258,021 |
|---|---|
8. SUPPORT COSTS
continued...
Page 14
ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 3,180 | 3,680 |
| Surplus on disposal of fixed assets | (4,084 ) | (3,600 ) |
| Other non-audit services | 2,327 | - |
| Independent examination | 3,800 | - |
| Auditors' remuneration | - | 3,200 |
| Auditors' remuneration for non audit work | - | 6,000 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
No expenses were paid to trustees during the year (2023: £nil).
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2024 £ 696,981 49,380 24,631 770,992 |
2023 £ 787,657 58,926 27,560 |
|---|---|---|
| 874,143 |
The average monthly number of employees during the year was as follows:
| Charitable activities Administration & Governance |
2024 34 3 37 |
2023 40 3 43 |
|---|---|---|
No employees received emoluments in excess of £60,000.
Page 15
continued...
ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,556 Charitable activities Transport provision 120,759 Healthwatch - Advocacy service - Getabout car scheme 35,992 Living Well - SMI Project - Other trading activities 23,807 Investment income 70,549 Other income 3,600 Total 256,263 EXPENDITURE ON Charitable activities Core activities 173,116 Transport provision 95,479 Healthwatch - Advocacy service - Getabout car scheme 22,284 Living Well - SMI Project - Total 290,879 Net gains on investments 25,000 NET INCOME/(EXPENDITURE) (9,616 ) RECONCILIATION OF FUNDS Total funds brought forward 520,883 TOTAL FUNDS CARRIED FORWARD 511,267 |
Restricted Total funds funds £ £ - 1,556 - 120,759 190,333 190,333 317,331 317,331 - 35,992 295,767 295,767 16,652 16,652 - 23,807 - 70,549 - 3,600 820,083 1,076,346 8,652 181,768 - 95,479 185,381 185,381 302,330 302,330 - 22,284 295,767 295,767 635 635 792,765 1,083,644 - 25,000 27,318 17,702 124,858 645,741 152,176 663,443 |
|---|---|
Page 16
continued...
ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. TANGIBLE FIXED ASSETS
| COST At 1 April 2023 Additions Disposals At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 14. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Equipment £ 11,852 5,438 (700) 16,590 7,068 3,180 (700) 9,548 7,042 4,784 |
Fixtures and fittings £ 209,969 - - 209,969 209,969 - - 209,969 - - |
Motor vehicles Totals £ £ 99,112 320,933 - 5,438 - (700) 99,112 325,671 99,112 316,149 - 3,180 - (700) 99,112 318,629 - 7,042 - 4,784 Unlisted investments £ 1 1 1 |
|---|---|---|---|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Cafe @ Burn Lane Limited
| Registered office: Burn Lane, Hexham, NE46 3HN | ||
|---|---|---|
| Nature of business: Cafe | ||
| % | ||
| Class of share: | holding | |
| Ordinary | 1 |
continued...
Page 17
ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
15. INVESTMENT PROPERTY
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE At 1 April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
£ 575,000 |
| 575,000 | |
| 575,000 |
Investment property was valued at open market value on 31 March 2024 by the Trustees, at £575,000.
If investment property had not been re-valued, it would have been included at the historical cost of £721,920.
16. STOCKS
| Stocks 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings VAT Accrued income Prepayments 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 20) Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2024 £ 185 2024 £ 91,247 55,229 1,287 7,410 4,675 159,848 2024 £ 5,014 16,488 12,111 3,998 58,185 95,796 |
2023 £ - 2023 £ 138,016 51,913 6,727 21,811 8,458 |
2023 £ - |
|---|---|---|---|
| 226,925 | |||
| 2023 £ 8,805 12,063 10,541 4,728 12,747 48,884 |
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Bank loans (see note 20) 20. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans Amounts falling due between two and five years: Bank loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 21. SECURED DEBTS The following secured debts are included within creditors: Bank loans |
2024 £ 267,120 2024 £ 5,014 5,443 19,230 242,447 2024 £ 272,134 |
2023 £ 268,213 |
|---|---|---|
| 2023 £ 8,805 |
||
| 9,105 | ||
| 28,182 | ||
| 230,926 2023 £ 277,018 |
The bank loans are secured by way of a debenture, including both fixed and floating charges, over all land & buildings owned by the charity, and all associated plant & machinery and rental income.
22. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Healthwatch Northumberland Advocacy Service Bernicia Hardship Fund Northumberland Food Social Isolation Fund SMI Project Thriving Together TOTAL FUNDS |
Net movement At At 1.4.23 £ in funds £ 31.3.24 £ 511,267 (5,164 ) 506,103 50,153 9,030 59,183 45,000 (17,000 ) 28,000 6,175 (2,710 ) 3,465 14,831 (1,180 ) 13,651 20,000 - 20,000 16,017 (3,528 ) 12,489 - 14,442 14,442 152,176 (946) 151,230 663,443 (6,110 ) 657,333 |
|---|---|
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
22. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Healthwatch Northumberland Advocacy Service Living Well Bernicia Hardship Fund Northumberland Food SMI Project Thriving Together TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Healthwatch Northumberland Advocacy Service Bernicia Hardship Fund Northumberland Food Social Isolation Fund SMI Project TOTAL FUNDS |
Incoming resources £ 304,352 204,530 63,070 358,693 - - 16,652 29,058 672,003 976,355 At 1.4.22 £ 520,883 45,200 30,000 9,658 20,000 20,000 - 124,858 645,741 |
Resources expended £ Movement in funds £ (309,516 ) (5,164 ) (195,500 ) 9,030 (80,070 ) (17,000 ) (358,693 ) - (2,710 ) (2,710 ) (1,180 ) (1,180 ) (20,180 ) (3,528 ) (14,616 ) 14,442 (672,949 ) (946) (982,465 ) (6,110 ) Net movement At in funds £ 31.3.23 £ (9,616 ) 511,267 4,953 50,153 15,000 45,000 (3,483 ) 6,175 (5,169 ) 14,831 - 20,000 16,017 16,017 27,318 152,176 17,702 663,443 |
|---|---|---|
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
22. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Healthwatch Northumberland Advocacy Service Living Well Bernicia Hardship Fund Northumberland Food SMI Project TOTAL FUNDS |
Incoming resources £ 256,263 190,333 317,331 295,767 - - 16,652 820,083 1,076,346 |
Resources expended £ (290,879 ) (185,380 ) (302,331 ) (295,767 ) (3,483 ) (5,169 ) (635) (792,765 ) (1,083,644 ) |
Gains and losses £ 25,000 - - - - - - - 25,000 |
Movement in funds £ (9,616 ) 4,953 15,000 - (3,483 ) (5,169 ) 16,017 27,318 17,702 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Healthwatch Northumberland Advocacy Service Bernicia Hardship Fund Northumberland Food Social Isolation Fund SMI Project Thriving Together TOTAL FUNDS |
Net movement At At 1.4.22 £ in funds £ 31.3.24 £ 520,883 (14,780 ) 506,103 45,200 13,983 59,183 30,000 (2,000 ) 28,000 9,658 (6,193 ) 3,465 20,000 (6,349 ) 13,651 20,000 - 20,000 - 12,489 12,489 - 14,442 14,442 124,858 26,372 151,230 645,741 11,592 657,333 |
|---|---|
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
22. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Gains and | Movement | |
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 560,615 | (600,395 ) | 25,000 | (14,780 ) | |
| Restricted funds | |||||
| Healthwatch Northumberland | 394,863 | (380,880 ) | - | 13,983 | |
| Advocacy Service | 380,401 | (382,401 ) | - | (2,000 ) | |
| Living Well | 654,460 | (654,460 ) | - | - | |
| Bernicia Hardship Fund | - | (6,193 ) | - | (6,193 ) | |
| Northumberland Food | - | (6,349 ) | - | (6,349 ) | |
| SMI Project | 33,304 | (20,815 ) | - | 12,489 | |
| Thriving Together | 29,058 | (14,616 ) | - | 14,442 | |
| 1,492,086 | (1,465,714 ) | - | 26,372 | ||
| TOTAL FUNDS | 2,052,701 | (2,066,109 ) | 25,000 | 11,592 |
Healthwatch Northumberland
Adapt (North East) provide the host role for Healthwatch Northumberland, which was launched on 1st April 2013. There are Healthwatch organisations in all council areas in England, and together they provide users of health and social care services a powerful voice both locally and nationally.
Advocacy Service
Adapt (North East) secured the contract in July 2014 to provide the statutory and non statutory advocacy services for Northumberland including Independent Mental Capacity Advocacy, Independent Mental Health Advocacy and General Advocacy provision under the banner Northumberland Independent Advocacy Service.
Living Well
Living Well Service provides Social Prescribing Services across West Northumberland area working in partnership with West Northumberland Primary Care Network - Social prescribing is a means of enabling GPs , nurses and other health and care professionals to refer people to a range of local, non-clinical services.
Bernicia Hardship Fund
The COVID-19 Bernini Hardship fund has been facilitated by Adapt in partnership with Northumberland County Council for the benefit of people across West Northumberland who have been negatively impacted by COVID-19.
Northumberland Food
Northumberland Nourish Food Fund for West Northumberland is being managed by Adapt in partnership with Northumberland County Council to provide funds for the food related activities.
Social Isolation Fund
Adapt (NE) secured a grant from Northumberland County Council to support individuals socially isolated.
SMI Project
Adapt (NE) is working in partnership with Everyturn Mental Health, to deliver a project for people with Serious Mental Illness to support them to access physical health checks and wider support they may require.
Thriving Together
continued...
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ADAPT (NORTH EAST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
22. MOVEMENT IN FUNDS - continued
Thriving Together is the voluntary and community sector vehicle for partnership working across Northumberland, Adapt have secured funding to develop, deliver and support a Learning Disability Network for groups and organisations delivering services for people with learning disabilities across Northumberland.
23. RELATED PARTY DISCLOSURES
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 23