**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:
1. 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
3. 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
4. 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...
Page 7
## **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...
Page 11
**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...
Page 13
## **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...
Page 18
**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...
Page 19
## **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...
Page 20
## **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...
Page 21
**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...
Page 22
**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