REGIERED COMPANY NUMBER: 03580266 (England and Wgles) REGisfERED CHARITY NUMBER: 1073938 FTH AND UD TED FINAN ATEMENTS R ThE YEAR ENDED I MARCH 2023 OR RAD RD ARECRO 111111111 •ACHIBH68• 02112r2023 CON*ANIES HCUSÈ A24
143
Sthtutory Auditor 29 ArtreluM Street Nottingharn Noningham5hiTE NGI 4JA
ARE GROUP F THE FINAN IAL ATEME14TS R THE YEARENDED31 MARCH 2023 Report of the Trustees Report of the IndepEndent Auditors Ststement of FiTr#el41 Activities B#lthte Sh¢¢t 10 Notes to tb¢ w¢1*[ Ststements
ER MB REPORT OF THE RUSTEES FOR THE Y RENDED IMAR Th¢ trw5te¢s WIK) art #Iso direckns of the dwity for the pury)ses of th¢ Companie5 Act 2006, prestnt their rwrt with ihe financial stsiements of th¢ ¢harity for the year ended 31 March 2023. The trustees haye &k>p¢ed ¢he pmvi$tons of Accountittg and Reporting by Chariues.. Swemeni of R¢commend¢d Pradice applicable to charities preparing their a¢counis it) acrdanCe with the Financial Rep)rtiThg Standard applicable in the UK and R¢publi¢ of Ir¢iond (FRS 102} (effeeiive l Jathuary 2019). The financial ststements have been prepared in xcordance with the xcounting Fx)lici¢s set oyl in Thote5 to the accounts and comply with the charity'5 governing (k)cumenL the Charities Ad 2011 and A¢¢ouniing and Reportin8 by Charities.. Ststement of Recommended Prauice applicable Charities pParing their wunts in xeordance with the Firkancial erting Standard applicable iti the UK 8nd Republic of IreJat)d published in O¢tob¢r 2019. ORIECTJVES AND AcrivrriES Objeetives •od aims l. To provide a centre for those aged 50 plLL5 in Radford. the wider City 8fta and Districts of Nottrnghamshire. To giv¢ supwrt to the people that are disable& have cognitive isstt& inc1lIng dem¢nti4 mild rn¢ntal health problems. are isolatrf live alon¢ or need other help. 2. To provide day care for the morc fratl and younger elderfy who may have memory i&su¢s or who live with long temi at)d debilitsiing conditions - including on1 dementii in order help them keep their ind¢p¢nd¢nee artd live in their own ly)mes as long as possible - giving vitsj r¢5Pit¢ w their carEf> To support the improvement of trf)th ments] health and physica] well-being Volunteers The charity is grateful forthe unstinting efftlrts of its volun¢¥s who are involva in s¢rvice provision and filnd r8isittg.
RE
EP
RTOFTHE TR
FOR T
ACHIEVEMENT AND PERFORMANCE
Charitsble activities
Th¢ COVID-19 pandemic eoThtinu¢d to have a si8nificant imp¥t on our actiwties during the year. We have t¢ seen th¢
nutnbers of people rettThiThg to day services as we foraThJ this has an irnpa on our income.
Whilst we had a steady in¢rease in ferra1$. many 5ervic¢ users have lost coThfidence and have not re-enga8ed Wilh
eommunity seivices. Many deciding remain inthy)T5 or withthawn from Sla] engagement - siill shielding themselves
and others. Other5 have unfortunately tnoved into long kn Care or their needs have incre8se41 to the point of being
hospitslised or are relying far mor¢ heahh service5.
As referrdls are delayed due to ¢hronic Sla] ¢ Challgay Cart ¢oThiinued to operaie over fJv¢ days per week
and y)lely funded by pery)nal bLtd8ets and donation5. Funding continued to be receivEd for our Demen(iY4
IAfomiion Pro8ramm¢ ("DIP') dwing the year. mainly by way of a mll witra¢t through Nottinghsmshir¢ Healthcare
Trust.
Despite being Iwated in the City and deliverin8 thi5 suvic¢ City reStdenCru& we have still received no funding
from the City Primary ca Networks or Citycaff, (d¢spt numemus requests), who previously supported the Dtp
berween 2014 and 2017. How¢ver, programmes wete delivued in the City Orte agaln durin8 2022123. due to the
'goodwill' of Radford Car¢ Group and other donots.
Our Artspeak project continued to deliver art. activilies and friendship for Nottinglwm's 60+ community workshops,
onlirt¢ a¢tiviiie$ and organised ViSiL8. The funder5. The Big Lollery. have now exlended this project th May 2024.
Rental income continued i* ret¢ived Th¢ Rainlx)w Pareni Carers Forum until Novemb¢r 2022. with the office
spa¢¢ as well as the main ha]1 in the building being available for hio ilUding over weekends.
Despiie redu¢¢d attendec Thumbers whith continues to be as a r¢suli of the demiC. Radford Care Group continues to
suprK)rt up to 70 elders a week along with over 150 carus, both indirECtly thrnugh day care seTvi¢es provided to their
d¢pendaThts and direct]y through our ArtSk and Dementia Infom)ation Pro8ramme.
RADFORD CARE GROUP
EPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
Financi¥l positio
The Statement of Fitian¢ial Artivities confirnis an ujwestricwl fimd loss for the year of £30,837. reflecting th¢
challenges faced in the year but reversing the SIp]Us (£35.263) that arose IJ the previous y¢ar. as w&$ expectrd. The
significant reStricd fund loss for the y¢ar has sirnply arisen du¢ th¢ sp¢nding of ArtSpe¥k and DIP monies ttceived
previously. In the case of ArtSpe¥K the net SPUMI in the year was £100.015. &8 project delivery continued thd
tncrea5ed. pandemic.
Re5¢rves poliey
The Trustees have reviewed th¢ CItari$ ne¢d for res¢rve5 ID line with the guidw issued by the Charity CommisS10n.
The Trusiees have also undertaken a financial ri$k &sessmeni that examines poiential liabiliiies (stsff. contracts and
le8se5) and as5els O>oth current and fixed). Furthern)ore. the Trnsiees have considered future plan5 aDd the associated
financial implications. The Tntsttts have, ther¢fore. identifd the need io r¢tain an unrestricted fi]nd of at least 3
months unrestricted expendiwr¢. This reserve fimd will be used to safeguard the Charity's s¢rvice MMItMent in the
evenl of delays in rKeiM of incoTne from the provision of setvices atyj donations. The Tnjstees believ¢ that reserv¢5
should at least this level io enstsrr the Chartry Can maintsin irs core services and meet tb¢ n¢¢ds of locyl older peopk.
both now artd irj the fijture. The total amount of funds held at 3 1 March 2023 15 £603.437 and includes restricted fijnds
of £84.509. Unrestriaed net current assets of £53.161 exceed the arnouDi of 3 months uurestrictrd expenditure actually
inwrr¢d p05¢ year ajd. which h&$ rethiced due io the restricted adiviry resulring from the COVID-19 pandemic. Th¢
Trnsiees will keep this matttt under review.
FUTURE DEVELOPMENTS
As a well
RADFORD OR FOR THE Y RC srRucfuRE, GOVER]YANCE AND MANAGEMENT Recruitrnent pIntMent of Dew Iru5ttt5 The charity h&% p)licies and Procedures in plxe forth¢ recnJitmentaDd apwJintm¢nt of all staff. volunteers and trltstees. oTrI110nl s¢rn¢¢ure A Board of D]rttr$ manages the charity. which 1$ supwrted by a small nymb¢r of paid w¢ and administsative staff tog¢ih¢r with a Iwg¢ numb¢r of volunteets. Induttion trxining of new trnstees The charty has policies and pocedures in place ftsr the rt¢ruiimenL ap1M)en( indtIOn and training of all stlff. volunteers and trustees. Risk m¥ngemeTrt The trn5t¢e5 have exomined the major strgi¢, finarKia] and owatior41 risks whith the charity faces confinn that risk action plan ha5 bEeTr c5tblished so th the necessary Sttps ¢an t¢ to monitorand lessen thes¢ risks. REFERENCE AND ADMINIsfRATIVE DETAIIS Registered CompA Thy number 03580266 (England and Wales) Regi%tered ChArY number 1073938 Registered 01¢¢ 25 Pro$pe¢t Sts¢ Radford Nottingham Nottinghamshi NG7 5QE Trustees P Handley Mrs A L Voakes K W Broughton M Taylor Dr S Zaya Mr5 P Keith C C Stakn-Spen¢et Compgny Secret8ry P HaDdl¢y AuditOTS Lemans Siatutory AUdIr 29 ArlM)Tetsm Street Nottingham Nottinghamshire NGI 4JA Bank Tht ROY Bank of S¢and plc 189 Bramcot¢ IAD¢ Wollaton Nottin8ham NG8 2QJ
ERED N BER.. 03S8(12 REPORT OF THE TRUSTEES OR THE DED REFERENCE AND ADMINISTRATIVE DETAILS Chief Exee4tiv¢ Offleer B¢v P¢aT50n C4r¢ Group M&n8g¢r Mrs S Wilson LEGAL STATUS The company is govemed by M¢mor3ndum and Articlesof As5LKialion. The wmpany 15 limited by 8uarantre. Meznbers liabk th ¢ontribu to th¢ assds in the ¢veTht of bein8 wtsund up to a sum nol ¢xceeding£5 pv person. PUBLIC BENEFrr The tnsstres confim) tha¢ they have refed to the guidance Contained in the Charity Commission's gMera] guidance on public benefit when reviewing the Charity's aims aDd Obj1¥¢$ and in planning fubjre actlVLties. The objeaive of ihe charity and derails of WI ond ljow the charity h&s helped can be found on page l. STATEMENT OF TRUSTEE& RESPONSIBILITIES The in1¢¢$ (who ar¢ also direcws of Radford Care Group for the wrp)ses of wmpany law) are responsible for pr¢paTing the Report of the Trusitts and th¢ finan¢ial ststem¢nts in accL)rdance with applicable law and Uniied Kingdom Accountin8 Standards (United Kingdom Generally Ac¢ewed Accounting Pwtic¢). Cornpany law requires the trustees to preport fina181 ststements for exh finan¢ial year. which give a true and fair view of ib¢ stsie of affairs of the charitsble company and of the iM)ming resour¢es and application of resours, in¢luding the income and expenditur4 of the charitsble company for thar P¢Tiod. In pr¢parin8 these fjnancial statrments, the stee5 are required to: select suitable xcounting poli¢i¢s and then apply them ¢(ffisiwily" observe the methods and principles in the Chariiies SORP 2019 (FRS I). mak¢ judgements and estimates that are re&sonable and prudenL stale whether applicable UK A¢coyntin8 Sthndard5 have been followed subject to any merial departures disc105ed and explwned in the fi]uncial $ema). prepare th¢ fJnan¢ial st*emenL5 on the 80in8 concern basis unless it is inappwpriate w pr¢sum¢ that th¢ charitsble company will coniinue in operation. Th¢ ttvste¢s are ffsp)nsible for keeping adequate x¢ounling re¢ords that dis¢los¢ with re&sonable accuracy at any time the financial Jy)silion of the Chan.b]e ¢ompony and ¢nable them to ensure that the financial 5taternents comply with th¢ Companies Aa 2006. They are also respjnsible for safeguarding the assets of the ¢haritable company and hence for king reasonable steps for the pr¢v¢ntion and dtteCt1 of fraud and odKr iTr¢gularities. In so faras the truM¢es are aware.. there is no relevant audit infornution of thich the chtritable Compart$ audiior is unaware. and the trusttes have taken all steps that th¢y ought to have taken to Make them5elvc5 awarr of any relevani audit inforn)aiion arHI to ¢stsblish that the auditor is aware of infomwion. This report Ixen prepared in accordarK¢ with the special provisions of Part 15 of the Companies Art 2006 relating to small companies. Approved by order of th¢ Ixwd of trustees on 19 0¢ber 2023 arrfl signed on its bEhaJf by.. P Handley- Tnet Page 5
RTOFTHE IIYDEPEND RD CARE RADF Opinion We have audited lh¢ financ1 sthm¢nts of Radford Cart Gffjup (the 'charitable COMpy') for the y¢ar ¢nded 31 March 2023 which rA>mprise the Statement of Financial Activikn4 the Balance Sheet aThd notes to the fin&n¢ial statements. including a surnmary of significani xwunting p)licies. The fIncial reponing framewo that has been applied in their preparalion is applicable law and United Kingdom Accounting Stsndard5 (United KinBdDm Genenlly Accepted A¢¢ouniing Prartice). In our opinion th¢ finan¢1 siatements.. givt a 1C and fair view of the state of ihe ¢haitsble affai as at 31 Marth 2023 artd of its incoming resource5 and apPli¢tIon of resource5. iTKludin8 its income and exdilUre. for the yearthen ended. have been properly prepar¢d in acmrdatKe with United Kingdom Generajly Aeccpted Accounting Practic%: and have been prepared in accord¢¢ with the Tequirem¢ors of the Companies A¢1 2006. Basi$ foropinion We conducted our audii in atrdance with lniemation Stsndarfs on Auditing (UK) OSAS IUK)) and appli¢abl¢ law. Our reSnsIbIlItieS under those standard5 are furthtt de5criEed in the AuditOTS' re$wJosibilities for the audit of th¢ financial sw¢ments section of our repotrt We are independent of the charitable eompany in accordance with the ethical r¢quir¢ments ihat are r¢l¢vant 10 OUT audit of th¢ fit)ancial sthiements in the UK, including th¢ FRC'S Ethical Stsndard. and we have fuifJll¢d our other ethical we5ponsibilities in xcordance with these rtyultts. We believe ib•¢ the audit evidence we have obtaincd is sufficient and appropriate to provide a bo515 for our opithion. Con¢lu5ion$ rdating to gfjing nCern In auditing the financi stsiements, we have oJn¢lud¢d that the of th¢ going ciKKern basi5 of aOUnting in the prepardlion ofthe financial Statements i5 appropriate. Based on the WQTk we have perfornK4 we have not identified any matuial uncertainlies relatrng to events or Conditions IhaL individually or c4)Iledive]y. may Ca significant doubt on the ¢harithble ¢omp8ny'5 ability coniinu¢ as a going concern for a period of at lelsttwelve months from whth the finanetal statements are authoTised for issue. Our responsibilities and lh¢ resp)nsibilities of the trustee5 with r¢sF¢Ct to going coneern are described in the relevant sedions of this rtport. Othtr inforniation The Iruste¢s are Te$[L$1b1¢ for the other infrymaticffi. The other infornlOn cornpri5cs the infonnation included in the Annuaj Rcport. other thaft the financial Ststrments KI our Rcport of the It)d¢pend¢n¢ Audilors thertoD. Our opinion on the financial stswnMts does not cover th¢ other information and. except to the ¢xt¢nt otherwise explicitly statèj in our WOT( we do express ar)y forni of assurnn¢e con¢lys¢oo thereon. In conneciion with our audit of the fLnancial stsmenty our rwponsibility is to read the other infonnation and. in doing so. eonsideT whether the other inform¥0 is mhtrrially in$1$1¢1 with the financial swements our knowled8e obrained in the audit or otherwise appears to bE mrially misstated. If we identify such material in¢onsisten¢ies or appareni material misststements. we are required to deteIne wheJh¢r this 8ives ri to a material misstatement in the finan¢ial sthtements themselves. If, bas&1 on th¢ work we hav¢ pufonned. w¢ conclth thai there is a rnaterial misstatementofthis other infonnation, we are required reprt that fa¢L We have Th)thing to rew1 ix this Tegar Opinions on other m•tters pr¢s¢ribed by the Cornpnits Act 2006 In our opinion. based on the work uvdertak¢t) in the CoUe of the audit.. the infoTm*ion given in the Report of the TnLtts for the finaA¢iai year for which the financial statements are prepared is nSIsteI with the financial Ststemert and the Rert of the Tru5te¢s has b¢uL prepared in &c(Jrdan¢e with applicable legal r¢q¥Trents.
RT OFTHE IND RADFORD CAR PENDE Matttrs on which we are required to report by exewion Ill the lighi of the knowledge and understartdin8 of the charitablc company and its ertvirnnment obtained in the wurs¢ of the audi4 we have not identified material misststements in the Rem of the Trustee5. W¢ hwe nothing rewrt irt respect of th¢ followinB matter5 where thc Companies Ad 2006 requirts us to r¢p)rt to you if, in our opinion.. adequate a¢coynting records have not bren kcpt or retsjms •kque for our audii have not been received from branches not visited by u5. or the financial stsiem¢nts are not in a8reement with the acrountin8 Tt¢ords and retum& ce certain di5c105ure5 of tNstees' remun¢wion Specified by law are rrf)t made. or we have tW)L r¢¢¢ived all the infonnation and explanaiions we require for our audit- or the trnsl¢¢s wer¢ not eniiil¢d to take advants8c of the STnall companies exemwion from the requÉrcmcnt to prep#re 8 Strate8ic ReFQrt or in preparing the Report of th¢ TnLStee5. Re5pon5ibilitie5 of tru5tetS As ¢xploined more fvlly in the Statement of Tn¢¢$, Resp)nsibilities. truste¢5 (who are also the directors of the tharitable cortlpany ftjr the purp)se5 of company law) are re5Fon5ible for the preparaiion of the fjnanciol statements and for beit)g sa(Isfied thai they give a true and fair vtew. and for su¢h inmal wnirol as the trustees detennine L5 necessary enable the preparntion of financiai ststem¢nts that are free frDm rnatcriat misstatemenL whetherdu¢ to fraud or In preparing th¢ financial stst¢rn¢nts. the tru5tee5 art lE5FrfNIbk for assessing the charitable company's ability to continue as a going C4)n¢em. dis¢losin& &$ applicable, matter5 related to 80ing rthJ¢¢m and using the Eoin8 concern 15 of aceounting unle55 the th1¢¢5 either iniend fo liquidate the eharitsble company or to ccase operations. or have no realistic alternative but to do so. Pa8e 7
RT F THE INDEPENDE AUDITORS TO RADFORD CARE GROUP Oyr responsibilities for the vdil of the finxDciI statements Our objeciives are obtain reasonable assuranc¢ atKJui whether the flnancial 5tstements a5 a whole #re free from rnaterial misstatemenl whether due to frdud or crror. and to issue a Rep)rt of the Independent Auditors that in¢lud¢s our opinion. Reasonable assurnnce is a high level of assurance, but ts nol a guarantee that an audit conduct¢d in accordance with ISAS (UK) will waYS detect a material misstatement when li exists. Misstatrn)ents can arise from fraud or error and are wnsidered M¢1 if. individyaily or in th¢ aggregate, they could reasonably be cxwed influence ihe rxonomi¢ decisi(5 of user5 taken on the basis of these finala1 sthtemeDts. The ext¢nt to which our prceduTes aTe capableof ddeaing inegulariii¢8 in¢ludiTh8 fraud is detailed below.. Irre8ularities. in¢luding fraA. are insthnces of t)on-complian¢e with laws and re8ulation5. We design prLxeduTt5 in line with our resFM)nsibilitie5. Outlined atL)ve. deted material misstaments in t¢spea of iTr¢gularities, including fraud. The specific proceduTeS for this engagement and the extent to which these are capable of detecting ifTt8ularities, including fraud is detsiled below.. - Ex¢19e professional j6Ment and mairtiain professionfil sttpticism the planning and performan¢¢ of the audiL' - Jdentify and assess the risks of material mIsststrN of the flljancial 5tstements. whether due ty fraud or em)r, design and perform audit procedures resportsive to those risks, ab)d obtsin oudii eviden¢e that is syffi¢i¢nt and appropriat¢ lo provide a b&sis for our opinioTh- - Obtsin an undersw)ding of the internai wnirol r¢l¢vant to th¢ audit in Ord to de5i8n audit proceduTf5 that aT¢ apwopriate in the ¢ircumstsn¢w bu¢ not for the of ¢xpr¢ssing an opinion on the effectiveness of thc harity's internal eontrol- - Evalu¢ the AppToprien¢ss of a¢wunting p)li¢i¢s w¢d and the reasonableness of accountin8 cstirnat¢5 and related di5G105UTC5 made by managemenL - Make enqutries of managernent and tlKY5e chargoj wtth govern of any instst)ces of noD.wmpliance with laws and Tegulaiions and of any actual and potential litl8alion and claims. Review financial 51at¢ment dis¢losures io supporting th&umenkntion to assess compliance with applic4blc la and regulaiions Because of the InhenI limitations of an audiL the is a risk we will not deteth ail irr¢gularities. includin8 those l¢ading a mai¢rial misstatement in the firwicial Statements or non<ompliancc with Tegulation. This risk in¢reas¢s the more that complianc¢ with a law or regul10 is removed (M th¢ events and transaction5 r¢flected in the financial statements, Is we will be less likely to become avdre of in5tance5 of Th)n-complianc¢. The risk is also greaiei rtgarding iffegulariues oxurring du¢ fraud rh¢r than uror, as fra4 involve5 inlentional concealment. f¢)ry. collusion, ornission or rnl5repre5laIIOn. A fvrther des¢ripiion of our wesp)nsibiliti¢s for th¢ audi¢ of the finarl8] ststement5 is located on the Financial ReN)rting Council's website at wwY.frc.OTg.uklauditor5rtsponsibilities. This dts¢riplion foms part of our R¢port of the Ind¢p¢ndent Auditors. Use of our report This report is made sol¢ly to th¢ ¢haritsble companYs membcr5. a5 a iLwty. in xcordartt with Chapttt 3 of P8rt 16 of the Cornpanies Act 2006. Our audii work has b¢¢n yndertaken so that we might state to the charitable company's memben ih)s¢ matters w¢ are r¢quir¢d to 5tr1e to them in an auditors, report and for no other purpose. To the fullest ¢xi¢ni p¢rnitt¢d by law. we do not accept or a55ume resp)thsibility anyone ¢xher than the charitable company and the eharitable company's members a5 a bfyly. forour audit Mvrk. forthis ¥eport. or for ihe opirtions we have fornied. Karen Mea]and FCCA (Sthior Stattrtory Auditor) for and on behalf of L¢maD5 Statutory Auditor 29 Arboretym Stre¢t Nottingham Nottingham5hir¢ NGI 41A . 19 0cEober knL3 Pa8e 8
FORD TEMENT OF FINANCIAL ACtIVlTI INC RP RATIN ANIN ME AND XPENDrr R THE YEARE DE 31.3.23 Totsl funds 31.3.22 Total nds Unrestricted fimds R¢strictyJ fid$ INCOME AND ENDoWMEfS FROM Donations and legacies 35,107 35.107 57,941 Charitsble activities Friendship GroUlderS D#y Care Making Sense of Dem¢Dtia OPALIArtSpeak 148,325 148,325 14,605 6,868 157.830 23.172 686 14.605 6,868 (hher trnding oaiviti¢s Investrncnt in¢ome Other income 38.232 858 38,232 858 S.[10 54.605 30 33.588 Total 230,522 21,473 251.995 327.852 EXPENDITURE ON Raising fvnds 3.360 1380 Charitsbl¢ •¢¢ivitie$ Friendship Group]derS Day Care Maknng Sense of Dementia OPALIArtSptak 250J92 250J92 25,127 106.883 245.494 21,020 83,728 25,127 106.883 7.607 7,607 5,810 Total 261.359 132.010 393,369 358,432 NET INCOMEI(EXPENDITURE) (30.837) (110.537) (141374) 130J80) RECONCILIATION OF FUNDS Totsl funds brought forward 549.765 195,046 744.811 775.391 TOTAL FUNDS CARRIED FORWARD 518.928 84,509 603.437 744.811
DFO ALA HE 31 MARCH 2023 31.3.23 Total funds 31.3.22 Total funds Unffstri¢ted R¢wid fund5 FIXED ASSETS TaDgibl¢ assets 574.660 574.660 589.621 CURRENf ASSEIS St(Kk5 Debtors Cash at bank and in hand 10 31)) 22,688 57.755 300 22,688 142264 300 14211 289,913 84.509 80.743 84,509 l65252 304,424 CREDITORS Amounts falling due within one year 12 (27.582) (27582) (28,445) NET CURRENT ETs 53.161 84.509 137.670 275.979 TOTAL ASSEIS LESS CURRENr LIABILITIES 627.821 84509 712330 865.600 CREDITORS Amounts fa]ling due after rnore than one year 13 (108.893) (108,893) (120,789) NET ASSETS 518,928 84509 603.437 744.811 FUNDS Unresiricted thnds: General fvnd New Build Project Fwid 17 518.528 400 549.365 400 518.928 549.765 Restri¢r¢d fvnds: Making Sense of Demenua OPAUArtSpeak 19J72 65.137 29,894 165.152 84J09 195.046 TOTAL FUNDS 603.437 744,811 These financial Ststrments have been prepared in aCrd with the wovisiorts applicable to ¢lwitsble companies subject to the5mall companies fEBime. The financial statements were appmed by the Board of TrUeeS and authorised for isstse on 19 OctoE¢r 2023 and were signed on lis behalf by: A L Voakes- TnJse The TW)tts forni part of these fina1a1 stsments Pa8e 10
NOTES TO THE FINANCIAL STATEMENTS EYE R ENDED 31 MARCH 20 STATLryORY INFORMATION Radford ca Group 1$ a ¢haritsble wmpany inco1Fd in England within the United Kingdom. The ?ddTeSS of the registered office and regisiration numbers are given in the rert of the trustres athnittistrntive infom)aiion on pag¢ 4 of th¢s¢ financia] statements. ACCOUIMNG POLICIES is t)f preprfng tb¢ fiTrxD¢iI statements The charity ¢onstsiuies a public benefii eDtity as defin by FRS 102. Tr firwJ¢ial 5rat¢ments hav¢ been prepared in accordarKe with Accountin8 and Rep)rt1Th8 by Ckntles: Statement of ReMm¢Md¢d Prn¢ti¢e applicable ¢hariiies pr¢paring their x¢Y¥unts in xcordanct with the Financial Rerting Standard applicable in the UK and Republic of Irelaftd issued in 0¢ber 2019. the Financi Reporting SLaThdard appli¢abl¢ in th¢ United Kingdom a4 Republi¢ of Ir¢Id (FRS 102). th¢ Cornp¥ni¢s Act 2006 aThl UK Genera]ly A¢xepted Accounting Practice. The finaft¢i4] swemertts are prepamj on a going concwn basi8 under the historical com convention. mcdified to include eerwn items at [r VUe. The financial statements are PrePad in sterlin8 which is the functional currency of the charity and unded w the nM¢st fvwnd. The si8nifieant aecount1Tr8 tx)licie5 applied in the prepaNion of these financial Statements are Set out below. These poli¢i¢s have be¢n consistendy appli¢d io all years pr¢5ented unl¢ss otherwi5¢ stated. Going concern The Twses have assessed the balance she¢¢ and likety fvwT¢ cash t]ows at th¢ date ofapproving th¢5¢ financi31 statements and are of the opinion that all foreseeable debts can be md for a period of at least 12 months from the date of approval. DuTit)g the year under review, the COVID-19 pand¢mi¢ conttnued io b¢ a 5ignifiunt risk the global economy. The Tru51ee5 continue to monitor the impad on the business of the charity on an tsngoing basis. Ai the time of approving thes¢ financial SWeMen the Trumtts th) n(M C4)nsid¢r COV1[19 to Èmpact the charity's ability to continue as a going concem. Ineome All in¢om¢ is rwnised in th¢ S¢awnent of Finwial Activiti¢5 On th¢ clwity h&% legal ¢ntit]ern¢nt to the funds. li is probable that the incilme will Ix ffc¢ived and the anKJUm b¢ measured r¢liobly. No amount is included in the fina1¥] for volLmte¢r tim¢ in lin¢ with th¢ SORP (FRS 102). Further derail is given in the Trnstre's rewjrt. Exptrtditsn Liabilities are recwised a5 expenditutt as 0 as there is a kgal or 0)nstrttlV¢ Obliglon committing the ¢harity to that expenditure, it is probable that a transfer of ecommic beTrefLts will be required in 5eltlemcnt and the amouni of the ObliglOrt can be measured feliably. Expendiwre is ac¢ouDted for on an anlS b1$ and ha5 be¢n ¢lassified under headings that awe8ate all cost related to the tstegory. Where costs Cannot be directly attrited pAnicular headings they have b¢en to actLVLties on a basis LVn5i5tent with the use of resources. Tangible fixed assets D¢pre£iation is provided at th¢ following annua] r&¢s in order to wri off ea¢h assd ow¢r its esiim3t¢d us¢fiJl Freehold buildings Fixwres, fittings & equipm¢nt - IA1)n cost Tangible fixed assets are sed * ryist or valuation le5$ aceumuiated depTllOn. Cost includes o)sts directly ibutabl¢ to makin8the &wt capable of as It¢Jed. Compuler and Off¢ wuipmentcosting bElow £5(Kl &e written off in the wiod in whith they are PUhled. Pa8ell eontittued...
TATEME - continued R THE YEAR ENDED31 M ACCOUNTING POLICILS- eontltsued Stocks Stocks are valued at the lower of cosi and estirnated xlling pri¢& Provision is made for damaged. obsol¢t¢ and slow-movin8 Item4 wherc appropriate. Debtors and treditors Debt and ¢reditor5 receivable or wdyabie within one yearaye 1¢w¢d ¥1 ¢rnnwtion price. Taxtion The ¢lwity is exernpt from ctiryKwation on its ¢haritabiextiviii¢s. Fund Actounting UThTestricied Can be used in aordan with the ehvitsble objedives the discraion of the tn&ee5. R¢stricied funds can only be used for ptirticular Testrictrd pUseS within the objects of the charity. Restrictions arise whert specified by lh¢ donor or wh¢n funds are raised for P8Tti¢ular restricled purposes. Further explanation of the nature purFK)se ofeath hjnd is includgj in the nole5 to the financial statements. Pension costs #nd other po$i-r¢tirement b¢n¢fits The ¢haritable Company operates a defi[d contrib]0 pensic) schC. ctribU¢10ns payable to the charitAble company's pension scheme ar¢ ¢harg¢d to the Statement of Findncial Activitkes in the peric41 w which th¢y relate. OTHER TRADING AcfiviTIES 31.323 31.3.22 Meals, iransp)rt and outings Fund rdi5ing Shop tskings Other irhcome 9.842 5.030 8.515 2,950 23J60 43.137 38232 54.605 INVESTMENT INCOME 31.3.23 31J.22 Deposii account Intr51 858 30 NET INCOMEY(EXPENDrruRE) incomel{expenditur¢) is swed after chargin(editin¥). 31.3.23 31.3.22 Audit013' remunerntion Depre¢iation- owr)ed assets Employee emoluments Aecountsncy ftts Or*Tatin8 lease payments- Other TTUStee5 indemnity insurance 1.350 19.565 232,396 6.118 3.086 449 1,320 18.987 212,177 5,001 3.086 399 PaBe12 ¢ontinued...
RADFORD THE FINAN IAL STATEMEN FOR TH TRUSTEES. REMUNERATIOIY AND BENEFITS There were no tW51e¢s' TeMun¢1n or other benefits for the year ended 31 m¢ 2023 nor for the year en¢kd 31 March 2022. Trngt¢¢s' ¢xp¢nxJ During the ye•r one trust¢¢ received exptstses of £20 (2022- NII). srAFF COSIS 31.3.23 31.3.22 Wages and salaries Social security COSIS Other pension costs 228,312 13.673 4.084 208,515 11,682 3,662 246.068 223,859 The avera8e monthly numberof eTnploytts during the year was as follows.. 31.3.23 12 31.3.22 12 Emp]oytts No employe¢5 received emoluments in exce550f £60.(. GOVERNME GRAKrs During the ycar the ¢haTity rtceived £nil in respecl ofthe Job RetentiCfL Schcmc (2022- £14.669). TANGIBLE FIXED WEIS Freehold land & buildings Fixtures. f18S & equipmeni Tota15 cosr OR VALUATION At l April 2022 Additions 117.874 4,604 617,874 4.604 At 31 March 2023 so0,(1 122.478 622.478 DEPRECIATION Ai l April 2022 Charge for year 11.392 7,589 16,861 11.976 28,253 19.565 At31 March 2023 18.981 28.837 47,818 NET BOOK VALUE At 31 March 2023 481.019 93,641 574,660 At 31 March 2022 488.608 101.013 589.621 Page 13 continued...
RAD TH FINAN IAL STATEMEP FOR THE YgAR ENDED31 MA TANGIBLE FIXED ASSETS- contiDued Cost orvaluation at 31 M¥¢h 2023 is r¢pre5ented by.. Freehold land & buildings Fixtures. fLttin85 & equipment Totsls Valuation in 2022 S,1)00 soo.0 122,478 122,478 5tX),OOQ 122,478 622.478 If freeId land and buildin not been leva1 they would have been iluded at follgwing hi51orical 31.3.23 31.3.22 873,350 873,350 Agwe8ate depTrci4tion 37,634 22,592 Value of18nd in fredK)Id land and lyuildings 120.268 120.268 Freehold land and buildings were valwd on an csym marka b&si50n 17 February 2021 by Musson Liggins. All of the atA)v¢ oss¢ts are ed forcharitsble purFrf)ses. io. STOCKS 31.3.23 31.3.22 Stocks 300 3(Kl DEFfo. AMOUNTS FALLING DUE WIThIN ONE YEAR 31.3.23 31.3.22 Other debK)rs Prepaymetlts 21.588 i.ioo 8.621 5.590 22,688 14211 Py14 fLsntinued...
TE FOR THE YEAR ENDED31 MARCH 2023 12. CREDITORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Bank loans and ovenlrafts (stt no 14) Other eredito A¢¢Nals and d¢f¢rred InMe 12,012 9,569 11.883 9,117 7,445 27,582 28,445 13. CREDITORS: AMOUNTS FALLING DUÉ AFTER MORE THAN ONE YEAR 31.3.23 31.3.22 Bank loans {stt ne 14) 108,893 120.789 LOANS An analysi5 ofihe malurity of103ns is 8ivcn bclovr. 31.3.23 31.3.22 Amounts fallin8 due within oneycaron demand.. Bank loat)s 12,012 11.883 Amounts faJlin8 between one and t year5: Bank loans- 1-2 year5 18.712 16,213 Amounts falling duc between two and fivc yeaTS'. Bank Joans- 2-5 years 38.679 42,118 Amounts falling duc in more than five yeats: Rcpayable by instalrnents.. Bank loans more 5 yr by instsl 51.502 62.458 LEASING AGREEMENTS Minimum leAse payments under Thxhdcartcdlable opering lea fall due as folknvs.. 31J.23 31.3.22 Withit) one year Between one and five ye 2.684 10.450 2,867 2,963 13,134 5.830 Pag¢ 15 comiDu¢d...
REGR TE TO THE FJNANCIAL STATEME DED I& SECURED DEBTS Th¢ following s¢cur¢d d¢bts arE included within creditors: 313.23 31.3.22 Bank loan 87.699 89.779 The bank loan is by ¢har8¢5 overthe freelKJld pn)perty. 17. MOVEME IN FUNDS Nd movement in fund5 At 31.3.23 At 1.422 UnrestrIctl funds Generdl fund New Build Project Fund 549J65 (30,837) 518.528 549,765 (30.837) 518.928 Restricted funth Making Sense oftkmeniia OPAUArtSpe8k 29.894 165,152 (10.522) (1).0]5) 19J72 65.137 195.046 (110.537) 84,509 TOTAL FUNDS 744.811 (141 J74) 603,437 Net movffl)ent in fimds. included in the 8t ar¢ &$ follows: Incoming ResouTces Movement expended in fithds Uttrestricted funds General fiuld 230.522 (261J59) (30.837) R¢stri¢twJ funds Mgktng Sense of Dementia OPAUArtST%4k 14.605 6,868 (25,127) (106,883) (10,522) (100,01s) 21.473 (132,0101 (110,537} TOTAL FUiYDS 251.995 (393J691 (141J74} Page 16 continued...
RD CARECR EFI ND IAL OR 17. MOVEME IN FUNDS- toDthiued Comparntives for movernent in fwuds Net movemenl in fvnd5 At 31.3.22 At 1.421 Unr&tritted funds General fund N¢w Build Project Fund 514502 34.863 549.365 514,502 35.263 549.765 Restricted fund$ Making Sense of tkmeniia OPAUArtSpeak 24273 236,616 5.621 (71.464) 29,894 165.152 260.889 (65.843) 195,046 TOTAL FUNDS 775,391 (30,580) 744,811 Comparative net movem¢Tht in included in the alKJve 8Te as follows: ITming SOU¢$ expended Movement in fvnd5 U#reMrfeted IndS General fund New Build Projert Fynd 288,547 400 (253,684) 34,863 400 288.947 (253,684) 35.263 Restrided fundj Making Sense of Demertlia 0PALIArtsk 26.641 12.264 {2l,020) (83,728) 5.621 (71.464) 38.905 (104.748) (65.843) TOTAL FUNDS 327,852 (358,432) (30,580) Page 17 conlirtued...
DFORD CARE CROUP TES TO THE FINANCIAL FOR THE YEAR ENDED I MARCH 2023 *ed 17. MOVEMETrU IN FUNDS- eoThtinued A cumt year 12 monttL4 and prioryear 12 months ¢ombined 51119Th 15 a5 follow5.. Net TDvvrJn¢nl in funds Ai 31.3.23 At 1.4.21 UThrestrided funds General fund New Build Projea Fund 514,502 4.026 518,528 400 514.502 4.426 51&928 Restricted Making S¢Ths¢ olDementia OPALJArtSpeak 24273 236,616 (4.901) {171,479) 19,372 65.137 260,889 (176.380) 84.509 T(KfAL FUNDS 775391 (171,954) 603,437 A Currerht year 12 months and prior year l2 rnth$ crAnbined movement in funds. included in the th)ve are as follo%+%'. Incoming rc50ur¢e5 Resoyrc¢s cxpended Movement in fijnds Unr¢strfct¢d fund5 Generdl fvnd New Build Projed Fund 519.069 (515,043) 4,026 519.469 (515,043) 4.426 Restrirted funds Making Sense of Demeniia OPALJArtSpeak 41246 19,132 (46,1471 (190.611) (4,901 ) {171,479) 60.378 (236.758) (176,380) TOTAL FUNDS 579,847 (751.801) (171.954) Amounts disclosed as restriaed funds have been re4rided as a result of the condition5 imwed by the income pmider. All the restricted grants and donation5 hav¢ specified term5 and wndilion5 attached to them. OPAUArtspeak- to d¢liv¢r a programme ofarts for life kn older F¢opIe. Making Sense of D¢menlia- deliver a funh¢rpro8ramme to SuPrt carers of th05c with Demeniia. New Build PTOje¢t F - a "desi8natcd" Irt UllTesth¢ted) fvnd for th¢ c4)sts of L¥)nstructing #nd fitting out a new buildiThg and the costs of leMF trilon. Page 18 Conlinued...
TH ATEME FOR THE YEAR £NDED31 MAR H20 ned i& EMPLOYEE BENEFrtOBLIGATIONS Tht company operate5 a defirKd Contriblon scheme. The assets are managed indeident]Y of th¢ MpanY and coniribuiiot)s are ¢hargd th¢ Statement of FirwKial Activities in the peri1 they #re made. The char8e for the year Nvds £4,084 (2022- £3.662). 19. RELATED PARTY DISCLOSURES There were no reled party transaai(w forthe yew ¢tthd 31 March 2023. Page 19