REGisfERED COMPANY NUMBER: 03580266 (EnglAnd And W8le8) REGISTERED CHAIUTY NUMBER: J073938 REPORT OF THE TRUSTEES AND ITED FINAN AL STATEMEiYrs FIIR THE YEAR END_ED 31 MARCH 2024 FOR RADFORD CARE CROUP Lemans Statutory Auditor 29 Arborethm Street Nottingha NottinghamshiTe NGI 4JA
RADFORD CARE GROUP CoEN SQFTHEFI IAL STAT£LVJEiYrs FOR THE YEAR ENDED 31 MARCH 2024 Pag¢ Report of the Trust I to 6 Report of Ihe Independent Auditors 7 to 10 Statement of Finan¢ig1 Activities li Balante Sheet 12 to 13 Notes lo the Financial Statements 14 to 22 Detaile41 Statement of Financial Activiti¢s 23 to 24
RADFORD CARE GRO[ REPORT OF THE TRUSTEES FOR THE YEAR LNJ)LLI 31 MARCH 2024 The twstees who are also directors of the charity for tbe purposes of the Companies Act 2006, pres¢ut their report with the financial statements of the charity for the year ended 31 March 2024. The lThstC¢5 have adopted the provision5 of Accounting and Re)rting by Charitieg.. Statement of Recommended PractiGe applicable to charities prq)aring their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). The financia] statements have been prepared in accordance with ihe accounting policies set out in Dotes to ihe accounts and comply with the chity's goveming document, the chariti A¢t 2011 and Accounting and Reporting by Charities: Statement of Recornrnended Practice applithle to ¢harities preparing th¢ir accounts in accordance witb the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland published in October 2019. ORTECTIVES AfiD ACTIVITIES Objectives And aims l. To provide a centre for those aged 50 plus in Nottingham City Districts of Nottingbam5hire. To give support to the people that are disabled, living with long terni condition4 have cognitive issues (incl. dementia), mild mental health pjvblems, aR i501ated, live alone or need other help. 2. To provide day care for the more frail and younger elderly who rnay have memory issues or who liv¢ with long tem and debilitsting conditions Including young onset dementia and l¢arning ditTiculties in order to help them keep their independence and live in their own homes as long &s p)ssible - giving vital respite to their carers. To support the improvement of both mental health and physical well-being- giving people choice control. Volunteers The charity is grate] for the unstinting efforts of its volunteers who are involved in service provision and fimd raisiJ]g. Page I
RADFORD CARE GROUP REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORl4NCE Charitable gctlvities Following on from the devastation of the COVID-19 pandemi¢ and the severe impact that had on our services, we have now had to manage the impact of the cost of living crisis. Never before, ID recent times, have two crises presented themselves so quickly and had the impact on the voluntary sector as we hav¢ experienced. We were not seeing the numbers of people rethrning to day service after the pandemic but now due to the cost of living all areas and ser¥i¢¢s are cutting back and providing the bare minimum. To add to ibis Nottingham City Council. for whom we have b¢¢n a 'prefe¢d provAdeE for many years, declared a Section 114 notice. This once again hag had a severe impact on our income as referrals Imd not increased from the previous crisis and now are no longer fortheoming due to budgetary constraints. Many of those in the community have still not regained the confJd¢n¢¢ to engage with community seNtces and where they can no longer afford to pay for it - very few will qualify for fLU]ding as mon¢y is more likely to be spent on higher needs when individuals can no longer leave their homes safely. Early inteTYention is paramount to keeping well - however, the funders cannot meet those needs that ultimately will save money. lJ)stead 'propping up. those in urgent need only. This in turn will 'push' individuals into long temi caTe or hospital, a more costly way of ¢ill£ for our elderly. However, as refealS are delayed and reduced we have been working hwd to promot¢ our seNices in the community. Sadly, for some. due to age and illness. their time with us can be limited. All incre&5ing the costs to ourselves completing rnore coye plans getting to know individuals for thexn to unfortunately mov¢ on. or worse. Overall. we are impVIng but our 'revolving door, continues. We will, and do continue to ¢ngage with commissioners and heads of Servi to Suggest ways of wort(ing closer together and to offer support. Already taking the lead to suggest a joined up approach for older citizens with learning disabilitle5 and an offer for carer respiie on a day basis rather than the long standing carers break offer or sttting service where the person in need does not get the social stimulation for mental and physical well-being. Not waiting for any servi¢¢ agreement or offer here we have begun to market the respite offer and will monitor take-up, Nottingham City Council have not engaged with our service dire¢tlyy reviewing everything en-m2sse. We have however slated clearly we would welcome any conveTsations and show a willingness to work wilh ihem to provide the savices required in the City. Our pro-active approach to offer placements for Self-nde is showing some reward. W¢ continue to have over half of those who attend our day st]ceS funded on ihis basis. We ar¢ al80 engaging with other potential fundcrs to seek SUPFQrt with sw)nsored placements for those less able to afford our fees. Encouraging fmancial support came from the Jones TrusL The Fifty Fund, Iyo Matters Fund. Barratt Homes, Sir Robert McAlpin¢ TSt. ( Gedling Borou Council UKSPF & Wakeham Trust- dementia progThnme} thig year. The Trnslees wish io ihank our volunÉe¢rs, service users and fiiellds for all of their hard work and forbearance during what proved to be another and more challenging year. SuprM)rted Day Care continu¢s to operate but reduced to four days per wk to duce stsff and overhead costs etc. We have a150 rl¢Wed our trdn5lXIrt ¢osts and now use one provider for our needs reducing the overall costs per anllum. Funding ¢ontinued to be received for our Dernentia Infomiation Programme {"DIP") during the year, rnainly by way of a Sn11 coTttrd¢t through Notts County Council l Nottinghejnshire Hthcare Trust. All ar of Nottingham and Nottinghamshi a included in our programme offer but only the County are contributing so we seek funds fiDm elsewhere to deliver in the City. Smaller amounts have also been received through bids to trusts and local wmmunity funds where prefenEd beT]efJGiaries are carers or projects. Page 2
RADFORD CARE GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Our Artspeak pN)ject continued to support the delivery of art activities and friendship for Nottingh¥m's Community via W0shOps, online a¢tivities and organised visits. The facilitators lefi the project in April 2023 and the administration etc has been managed in-house since then, with the project coming to an end in May 2024. Whilst the small fiDnt office was Tent¢d out until Novetnber 2022 we v¢ry quickly found 8nother 'tenant' for 6 months helping us to regain some income. We ar¢ actively seeking another tenant &$ well as looking to hire out our main building on a regulaT ba5i5, Offering space to businesses has highlighted just how much people work remotely. 'One off rental i.e. parties is nol cost effc¢tive. We do conltnue to have a faith group renting the building every Sunday and Bi-rnonthly on Saturdays. To further reduce outgoings we have also employed a cook which has saved on costs to pn)vide hot lunrhes to our membeTS. The salary fresh hom¢ cooked food is moTe cost effective than'buying in, readily prepared and delivered mea]s. Reduced attend¢e numbers mean that Radfoftl Care Group continued to supp)rt around 50 elders a week along with over 150 ¢arers. knth indirectly through day care services provided to their dependants and directly thN)ugh D¢Jnentia Inforniation Programme - but we pleased to report that the number of attendees is steadily growing. Work is in place to scope the possibility of continuing to offer re5Pit¢ support to carers who access this for the programm4 making it a longer terni offer. FINANCIAL REVtEW FiDanci*l position The Statement of Financial Activities confi$ an ullrestrictsd fund loss for the yeaT of £6,581, reflecting the challenges faced in the year but showing an improvement on th¢ Previous year. as was expted. The significant restricted fimd loss for the year has simply arisen due to the spending of Artspeak DIP monies received previously. tn the ¢a8e of Arts8]{, the net sp¢nd in the yearwas £60.029. as project delivery continued. Reserves policy The Trnstees have revi¢w¢d the Charity's need for reserves in line with the guidance issud by the Charity Conynission. The TTUSte¢s have also undertak.en a fmancial risk assessment that examilles potential liabilities (stsff. contracts and leases) and &8sets (knth Trent and fed). Furtherniore, the TNstees have wnsidered the plans for gro and the &ssoctated financial implications. The Th]stees have, therefore, identified the need to retain an unrestricted fund of at le2St 3 month5 unrestricted expenditure. This reserve fund will be used to safeguard the Charity's service commitment in the event of delays in re¢¢ipt of in¢ome fiDm the provision of Elders Day Care and Friendship Group servi¢es. The Trustee5 believe that reserves should be at least this level to ensur¢ th¢ Charity can maintsin its core services and meet the n¢ed$ of loca] older people, ix)th now and in the firture. The total amount of fimds held at 31 Mawh 2024 is £542,209 and includes restricted fijnds of £29,862. Unrestricted net current 8ssets of £40,297 is below the amount of 3 months unrestricted expenditure actually in¢urred post year en(L whiGh ha5 1Ced due to th¢ restricted activity resulting fiDm the rnore recent wst of living ¢rAsis. The Trustees will keep this matter under review. Page 3
RADFORD CARE GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 TrL4RCH 2024 FufuRE DEVEinPMENTS As a well-established care provider, charity and non-profit making organisation, Radfond Care Group continues to offer high quality service5 at value for money prices. Furthern)or4 we continue to develop plans to grow and offer a wider range of improved services lo a wider group of older citizEns and the wider commwity in our new. purpose-built facility. New opportLU]ities continue to include paTtnership engagement with My Joumey. a community investment company providing alternative transport solutions for our members a s¢rvice which we have now extended. We continue to fa¢e on-going challenges as well as others that will lesl, us. Th¢ thture of place based day care in the City is un-known given the ongoing cuts to Nottingham City Council's annual budgeL but the experience and quality services pmvided by Radford Care Group will ensu tIt we remain ideally placed to ¢apitalise on the further opportunitie5 that will follow as systems are reviewed and change. Radford Care Group th¢refore looks fonvard to working with Nottingharn City Council, Nottinglmnshire County Council, Nottinghamshire Healthcare Trust and Primary Care Networks and other partn¢T5 in ¢ontinuing to provide local citi7Ens with high-quality Centre for Care albeit the 'partnerships' may look very different in the futLtre. We remain dedicated to the Gare of older people and those who can undoubtedly benefit from using our services Md]ether that be in situ or elsewhere. Our main aim is still to bewme a focal point for the comrnunity, but not just for older people. We can provide a si1fiCallt bridge between wmmunities and statutory services in order to sustain every individual's well-being. It is still hoped that being able to operate the ¢entre seven days a week and introducing further partnerships with like-minded organisations wi]1 help to achieve this aim. Looking outwards we now know that we need to continue to forge more partnerships and Collabote with other charltsble organisations and the private sector to secure our futu. WO is now being tsken forward whilst we await the details of any new tenders. We have wo)*ed iireles51y with a detailed athlon plan to maintain and impmve our financial stability and ther¢ is still more to be done. Funth3ising activities will continue to increase and core costs will wntinue to be closely monitored. Furth¢rmore, post year end income. including donations, are showing a positiv¢ improvement. With the continued support of our Tste¢S, ffl¢mrs board and staff and with good business acumen we aim to take the charity forwatd. We aim to deliver our exemplary services to the community, where p)ssible lo do Éhis from our excelltnt facility but recognise needy may need to be met by engaging differently i.e. remolely or aliernativ¢ community venues. In remembrance to our founder member Pauleen Davie5 who sadly paed away in October 2023 her lega¢y will Temain at the very heart of what we do. Our building - llow d¢dicated to her and her lifelong aim of supporting older people means we can offer this but equally recognise the need to change 2nd develop to rneet th0 needs now and into the fvtLW¢. STRUCTURE, COVERNANCE AND IANAGEMENT Governing documejit The charity is controlled by its governing document, a deed of trusL and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Retruitment and apwtrintment of new trustees The charity has w)licies 2nd procedures in place for th¢ recruitment and appointment of all 5taf£ volunteers and tS¢s. Organisational structure A Board of Directors manag¢s the charity, which is supported by a small numb¢r of paid care and administrative staff togdher with a large number of volunteers. Induction and trnlning of new trustees The chlty has policie8 and procedures An place for the Tecruitmenl appointment, induction and training of all staff, volunteers and trustees. Page 4
IL4DFORD CARE ROUP REPORT OF THE TRUSTEES RTH I MARCH STRUCTURE, GOVERNANCE AND MANAGEMENT Risk mwnygement The tteeS have examined the major strategic, fmancial and operational risks which the tharity faces and confimi that a risk action plan has been established so that the necessary steps Can be taken to monitor and lessen these risks. REFERENCE AI¥D ADMtNISTIL4TIVE DETAILS Registered Company number 03580266 (England and Wales) Registered Charity number 1073938 Registered office 25 Prospect stet Radford Nottingham Nottinghamshire NG7 5QE Trustees P Handley A Voakes (resigned 24.11.23) K Broughton M Taylor S Zaya P Keith C Staten-spencer Company Secret*ry P Handley Auditors L¢mans Slatutory Auditor 29 Arboretum Street Nottingham Nottinghamshire NGI 4JA Bank The Royal Bank of Scotland plc 189 Brdm¢ote Lane Wollaton Nottingham NG8 2QJ Chief Execulive Officer Bev Pearson Care Group Manager Mrs S Wilson Page 5
RADFORD CARE GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 TrL4RCH 2024 LEGAL STATUS The company is governed by the Memorandum and Articles of Associalion. The compeny is limited by guardlltee. Members are liable to contribute to the assets in the event of being wound up to a sum not exceeding £5 per person. PUBLIC BENEFIT The trnstees confinn that they have tEferred to the guidance contsined in the Charity Commission's gen¢ral guidance on public benefit when leWIng the charity's aims and objectives and in planning future aclivities. Th¢ objective of the charity and detsils of who and how the charity h&s helped can be found on page l. STATEMENf OF TRUSTEES, REsPONSIBILlEs The trustecs (who are also directo of Radford Car¢ Group for the purposes of company law) are responsible for prepariDg the Report of the Trustees and ihe financial statements in accordance with applicable law and Unit¢d Kingdom Accounting Stsndards (United Kingdom Genernlly Accepted Accounting Pra¢lice). Company law requires the trustees to prepare financial statements for cach fanCIal year, which give a true and fair view of the state of affairs of the chitable company and of the incoming resources and application of resources, including the income and expenditure. of the Chitable Gompany for that peri(Kl. ITE preparing these finaneial sL2tements, the trustees are required to.. select suitable accounting policies and then apply them consist¢ntly' obsetve the methods and principles in the Charities SORP 2019 (FRS 102)" make judgements and estimates that are reasonable and prndent. state whether applicable UK AGcounting Standards have been followed, subject to any materia] departures disclosed and explained in the fJnan¢i21 statements" prepare the fjnancial statements on the going concern basis un]ess it is inappropriate to presume that the charitable company will continue in operation. The tru5tee5 ar¢ responsiThle for ke¢pirLg adequate accounting records that disclose with reasonable accuracy at any time the fmancial position of the clwitable company 2nd enable them to ensure thai the financial stat¢m¢nts comply with the Companies Act 2006. They are also responsible for safegU1ng the &ssets of the charitable company and hen¢¢ for taking reasonable steps for the prev¢ntion and delection of fraud and other irr¢gularAties. In so far as th¢ trustees are awar¢: ther¢ is no relevant audit infonnation of which the charitsble cornpany's auditor is unaware: and the tThstees have taken all steps that they ought lo have taken to make th¢mselves aware of any relevant audit information and to establish that the auditor is aware of that inf0mtiOn. This report has been prepared in accordance with the sp¢Gial provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of tbe board of trustees on 7 November 2024 and signed on its behalf by.. P HaDdl¢y- Trngtee Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RADFORD CARE GROUP Opinion We have audiled the financial statements of Radford Care Gmup (the 'charAtabl¢ CompY') for tbe year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial 5tat¢m¢nts, including a summary of significant accounting policies. The financial reporting fi7mework that has been applied in their preparation is applicable law and Unitrd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial 5tatemeJ]ts: give a true and fair view of the state of the charitsble CoMpY'S affairs as al 31 March 2024 and of its incoming resources and application of resources, including its income and expenditur¢, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prdctice. and have been prepared in accordance with th¢ requirements of the Cornpanies Aci 2006. Basis for opinio We ¢ondu¢td our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our reS)nsIbIlitieS under those standards 2re fiffther described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the eihical rwuirements that are relevant to our audit of the fjnancial statements in the UK, including the FRC'S Ethical Siandarl and we hav¢ Ifilled our other ethical responsibilities in accordance with these requiTements. We believe that the audit evidence we have obtsined is 5uffiGi¢nt and appropriat¢ to provide a basis for our opinioD. Conclusions relating to going eoncern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accountirjg in tbe preparation of the finanGial statements is appropriate. Based on the work we have performed. we have not identified any rnafrrial uncerlainties relating to events or condilions tha( individually or collectively. may cast significant doubt on the cbaritable company's ability to continue as a going concern for a period of at leasi twelve months from wh¢n the financial stat¢m¢nts are authorised for issue. Our re5ponsil)ilities and the responsibilities of the trustees with respect to going (vn¢¢rn are de5Grtbed in the relevant sections of this report. Other infornijtion The trnstees are responsible for the other infomation. The other infonnation comprises the infornation inch]ded in the Annual Report, other than the financial ststements and our Report of the Independent Auditors thereon. Our opinion on the financial staments does not cover the other inforn]ation and. except to the extent otheThvise explicitly stated in our reporL we do not express any forni of assurance conclusion thereon. Tn ¢onnection with our audit of the finartcial statements, our responsibility is to ad the other infonnation and. in doing so, nsider whether the other infomiation is materially in¢onsistent with the finan¢ial statsments or our knowledge obtained in the audit or othenwise appears to be tnat¢rially misslat¢d. If we identify such material inconsistencies or wpoftnt material misststernent4 we are requId to detennin¢ whether this gives rise to a material misstalement in the flllancial statements themselve5. If, based OD the work we have perfonned. we conclude that the is a material misstatement of this other inforniation, we are required to report that facL We have nothing to T¢PQrt in tbis regard. OpiDions On other matters prescribed by ihe Companies Act 2006 In our Opinio b&sed on th¢ wot undertaken in the course of the audit.. the infornlation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with tbe financial slatements. and the Report of the Trustees has been ppared ID accordance with applicable legal requirements. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RADFORD CARE GROUP Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its envirollment obtained in the course of the audiL we have not identifled material misstatements in the Report of the Trnstees. We have nothing to report in respect of ihe following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit hav¢ not been received from branches not visited by us- or the flnancial statements are not in agreement with ihe accounting records and return5; or certain disclosures of trustees, remuneration spe¢ifi¢d by law are not made. or we have not received all the infoTmation and explanations we require for our audti. or the trnstees were not entitled to take advantage of the small companies exemption from th¢ r¢quirement to prepare a Strategic Report or in preparing the Report of the TNstees. Responsibilitie5 of trnstses As explained more fully in the Statement of Trnstees, Responsibilities. the trusteeB (who are also ihe directors of tbe charitable company for the purposes of ¢ompany law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control the trustees deterniine is neceswy to enable the preparation of financial statements that ar¢ fr¢e from material misstatement, wh¢ther due to fraud or etTOr. In preparing the financial statements, tbe trustees are responsible for alsessing the charitsble company's ability to Continue as a going disclosing, as applicable, matters related to going conceTn and using the going wncern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do $0. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF iiADFORD CARE GROUP Our responsibilities for the audit o(Ihe financial statements Our objectives are to obtain reasonable assurdnee about whether the fin2ncia] statements as a whol¢ are free from material misstalement, whether due to fraud or error. and to issue a Report of the Jndependent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guardntee that an audit conducted In accordance with ISAS (UK) will always detect a rnaterial misstatement when it exists, Misstatement5 can arise from fiaud or error and are considered material if, individually or in the aggregate. they could rthsonably be expected to influence tbe economic decisions of u5eTS taken oJ] th¢ basis of the6¢ fmancial statements. The extent to which our procedures are capable of detecting irregulaTities, in¢luding fraud 15 detailed below: Irregularities, including frau(L are instances of non-compliance with laws and regulations. We design proc¢dure5 in line with our responsibilities, outlined abov¢, to detect material misstatements in respect of irregularities inGluding fraud. The specific pN)cedures for this engagement and the extent to which these are capable of detecting irreguhrities, including fraud 15 d¢tsild below: - Ex¢r¢ise professional judgment and maintsin professional 5G¢plicism througbout the planning and wFonnance of the audil Identify and assess the risks of material miSSLement of the financial statements, whether due to frdud or error, design and perfomi audit procedures responsive to those risks, and obtsin audit evidence that 15 Sutficient and appropriate to provide a basis for our opinion. Obtsin an understanding of the internal eontsDI relevan¢ to the &udit in order to design audit pn)ctdures that are appry)priate in the circumstances, but not for the puryose of expressing an opinion on the effectiveness of the charity's intern81 control. Evaluate the apptopriatenes5 of a¢¢ounting policies used and the reasonableness of accounting estimates and related disGlosures made by managemen¢ Make enquiri¢s of management and those charged with governance of any instances of non-compliance with laws and regulations and of any actual and potential litigation and claims" Review financial sta*ment dI10$uS to supw)rting documentstion to assess compliance with applicable laws and regulations Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those I]ng to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that eompliince with a law or regulation ts removed fiDm the events and transactiong flectfjl in the finanGial ststem¢nts, as we will be less likely to become aware of instances of nOn-mpli8Ce. The risk is also gater regarding irregularities {cuing due to fraud rather than error, as fraud involves intentional con¢ealmenL forgery, ¢ollusion, omission or misrepres¢ntstion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council'8 website at www.frc.org.uklauditorsresponsibilities. This de%ription fornis part of our Rerrt)rt of the Independenl Auditors. Page 9
REPORT OF THE INDEPEPIDENT AUDITORS TO THE MEMBE]LS OF ARE GROUP Useof our report This report is made solely to the charitable company's members. as a Ix)dy, in accordance with Chaptsr 3 of Part 16 of the Companies Art 2006. Our audit work has been widertaken so that we might state to the Charitable CoMpanS members those matters we required to state to them in an audito, report and for no other pu05¢. To the fullest extent pennitted by law, we do not accept or assLllne responsibility to anyoJJe other tban the chwitable company and the charithle company's members as a [, for our audit work, for this reporL or for the opinions we have fornieAI. Karen Mealand FCCA (Sentor StatOry Auditor) for and on behalf of Lemans StatLLtory Auditor 29 Arboretum Street Nottinghatn Nottinghamshire NGI 4JA . ia Page 10
IL4DFORD CARE GROUP STATEMENT OF FINANCIAL ACTIVITIES UN('ORP.OIL4TING AN INC ME AND EXPF.]YDITURE ACC FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total nds 31.3.23 Total funds Unrestricted Restrictsd funds funds Notes INCOIIIE AND ENDOWMENTS FROM Donations and l¢ga¢i¢s 55.808 55,808 35.107 Charitable activities Friendship GrouplElders Day Care Making Sense of Dementia OPAL/ArtSpeak 138,797 138,797 20,811 3,529 148,325 14,605 6,868 20,811 3,529 Other trading activities tnvestment income Other income 23,181 1,562 8,000 23,181 1,562 8,000 38232 858 8,000 Total 227,348 24,340 251,688 251,995 EXPENDITURE ON Raising funds 3.240 3,240 3,360 Charitabl¢ a¢tivitie5 Friendship GToup/Elders Day Care Making Sense of Dementia OPALIArtSpeak 243,096 243.096 15,429 42,913 250J92 25,127 106,883 15.429 42,913 Other 8,238 8,238 7,607 Totsl 254.574 58,342 312,916 393,369 NET TNCOME/(EXPENDITURE) Transfers between funds (27,226) 20.645 {34,002) {20,645) (61228) (141,374) 16 Net movement in funds (6.581) (54,647) (61228) {141,374) RECONCILIATION OF FUNDS Total fimds brought forward 518,928 84,509 603.437 744,811 TOTAL FUNDS CARRIED FORWARD 512.347 29,862 542209 603.437 The notes fomi part of these financial stat¢m¢nts Page 11
RADFORD CARE GROUP BALANCE SHEET I MARCH 202 31.3.24 Totsl funds 31.3.23 Total nds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible a5scts 569.933 569,933 574,660 CURRENf ASSETS Stocks Debtors Cash at bank and in hand 300 9,770 60,099 300 9,770 93,963 300 22,688 142,264 io 33,864 70,169 33,864 104,033 165,252 CREDJTORS Amounts falling due within one year li (29,872) (4.002) (33,874) (27,582) NET CURRENT ASSETS 40297 29,862 70,159 137,670 TOTAL ASSETS LESS CURRENT LIABtLITJES 610,230 29,862 640,092 712J30 CREDITORS Amounts falling due after n]ore than one y¢ar 12 (97,883) (97,883) (108,893) NET ASSETS 512,347 29.862 542.209 603,437 FUNDS Unrestri¢*d fijnds: General fund New Build Project Fund 16 512.347 518,528 400 512,347 518,Y28 R¢$tricted fund5: Making Sense of Dementia OPAL/ArtSpeak 24,754 5.108 19,372 65,137 29,862 84.509 TOTAL FUNDS 542,209 603,437 The notes form part of these financial stat¢ments Page 12 continued...
RADFORD CARE CROUP BALANCE SHEET- continued 31 MARCH 2024 These financial Statements have been prepared in accordance wilh the provisions applicable to tharitable cornpanies subject lo the small companies regime. The financiai staternents were appwved by the Board of Trustees and authorised for issue on 7 NovernbeT 2024 and w¢r¢ signed on its behalf by: c ststen-Spencer- Trustee The notes forn) part of these financial ststements Pag¢ 13
RADFORD CARE GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 sTAToRy INFORMATIOIY Radford Care Group is a chaTitsbl¢ company incowlrdted in England within the United Kingdom, The address of the regiSted office and r¢gistration numbers are given in the report of the twstee5 administratlve infomiation on page 4 of th¢5e financia] statements. ACCOUNTING POLICIES Basis of preparing the financial statements The charity constitutes & public benefit entity as d¢fin¢d by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statemenl of Re¢ommended Practice applicable to charities PTeparing their accounts in accordance with the Financial RqK)rting Standard applicable in the UK and Republic of Ireland issued in OctoFrtr 2019, the Financial Rew>rting Standard applicable in the United Kingdom and Republic of ITeland (FRS102), the Companies Act 2006 and UK Generally Accepted Accounting Practice. The fllwicial statements are prepared on a going eoncem basis under the histori1 cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the thnctional Currency of the charity and Tounded to the nearest pound. The signifiwit accounting policies applied in the prepat7tion of these financial statements are set out below. These Policies have been consistently applied to all years presented unles5 Otherwise stated. Coing coneern The Trnstees have assessed the balance sheet arjd likely fithire cash flows at the date of approving these financial statements and are of the opinion that all foreseeable debts ¢2n be met for a peTiod of at least 12 months from the dat¢ of approval. Income All income is recognised in the StateJn¢nt of Financial Activiti&q once tbe charity has l¢gal ¢ntitlement to tbe funds, it is probable ihat the will be received and ihe amount can be measured reliably. No amount is included in the financial staternents for volunteer time in line with the SORP (FRS 102). Further detsil is given An the Trusfre's report. Expenditur¢ Liabilities are recognised as expenditure as soon there is a legal or consttuctive obligation committing the charity to that expenditur¢. it is probable that a transfer of econornic benefits will be required in settlement and the aTnount of the obligation be measured Teliably. Expenditure i5 a¢¢ounted for on an a¢¢ruals basis and ha5 been classified under headings that aggregat¢ all cost related to the category. Where costs cannot be dirertly attributed to particular heading5 th¢y have been allocated to activities on a basis consistent with the use of Tesource5. Tangible fixed assets Depreciation is provided at the following oJmual rates in order to write off each asset over its estimated us¢fiJl life. FTe¢hold buildings Fixtures, fittings & equipment - 20/D on cost IO% on cost Tangible red assets are ststed at cost or valuation less accumulated depreciation, Cost inGlud¢8 costs directly attributable to making the &%set capable of operating as intended. Computer and office equipment eosting below £500 are written off in tbe wiod in which they are purchased. Page 14 ontinued...
RADFORD CARE GROUP NOTES TO THE FINAIYCIAL STATEMEIYTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Stocks Stocks are valued at the lower of cost and estimated selling price. Provision is made for darnaged, obsolete and slow-moving iterns where appropriate. Debtors and cr¢ditors Debt0 and creditors receivable OT payable within one year are record¢d at transaction price. Taxation The charFty is exempt fiDm corporation tsx on its charitsble activities. Fund a¢¢ounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trnstees. R¢stri¢ted funds can only be used for particular restrlcted purposes within the objects of th¢ ¢lMrity. Restrictions arise when specified by th¢ donor orwhen fimds are Taised ftir particular restricted pury05¢S. Further explanation of the naure and purpose of each fund is inclvded in the notes to the financial ststements. Pension costs and other post-retirement benefits The charitabl¢ company operates a defined contribution pension scheme. Contributions payable to the charitable company's pensio1] scheme are Charg to the Statement of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Meals, transport and outings Fund rnising Other income 6,053 8,760 8,368 9.842 5,030 23 J60 23,181 38232 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 1,562 858 Page 15 continued...
RADFORD CARE GROUP NOTES TO THF FINANCIAL STATEMENTS - eontinued THE YEAR ENDEDJI MARCH 2 24 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) 15 Stated after chargingl(crediting)'. 31.3.24 31.3.23 Auditors. remuneration Depreciation - owned asset5 Employee emoluments Accountsncy fees Operdting le&se payments- Other Trustees indcmnity insurance 1380 21,546 168,120 5,143 4.155 505 1,350 19,565 232,396 6.118 3,086 449 TRUSTEES, REhtUNERATION AND BENEFITS There were no trustees, remuneration OT Other benefits for tbe year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses During the year no lThstees reGeiv¢d expenses. (2023 - £20). STAFF COSTS 31.3.24 31.3.23 Wages and sa]leS Social security ¢4)Sts Other pension costs 164,954 6,483 3,166 228,312 13.673 4,084 174,603 246,068 The average monthly number of employees during the year was as follows: 31.3.24 10 31.3.23 12 Employees No employees r¢c¢iv¢d emoluments in excess of£60.000. Page 16 ontinued...
RADFORD CARE GROUP NOTES TO THE FifiANCIAL STATEMENTS- continued_ MARCH 24 TANGJBLE FIXED ASSETS Freehold land & buildings Fixtures. fitting& & equipment Totals COST OR VALUATION At l April 2023 Additions 500,000 122,478 16,S19 622,478 16,819 At 31 March 2024 500,000 139,297 639,297 DEPRECIATION At l April 2023 Charge for year 18,981 7,590 28,837 13,956 47,818 21,546 At 31 March 2024 26,571 41793 69,364 NET BOOK VALUE At 31 March 2024 473.429 96,504 569,933 At 31 March 2023 481.019 93,641 574.660 Cost or valuation at 31 March 2024 is represented by.. Freehold land & buildings Fixture5, fittings & equipment Totals Va]uation in 2024 Cost 500,000 500,000 139,297 139297 500,000 139297 639297 If freehold land and buildings had noi been revalued they would have been included at th¢ following historical Cost: 31.3.24 31.3.23 Cost 873,350 873,350 Aggr¢gat¢ depreciation 52.716 37,654 Value of land in freehold land and buildings 120268 120,268 Freehold land and buildings We valued on an open market basis on 17 Febnw 2021 by Musson LiggiDS. All of th¢ above assets are used for charitsble purposes. Pag¢ 17 continue(L..
RADFORD CARE GROUP NOTES TO THE FINANCIAL STATEMEiYfs- continued EQR THE YEAR I MARC 24 srocKS 31.3.24 31.3.23 Sto¢ks 300 300 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 313.24 31.3.23 Other debto Prepayments 8,300 1,470 21,588 I,ioo 9,770 22.688 ii. CREDITORS: AMOUNfs FALL]NG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and ov¢rdrnti8 (see note 13) Social security 2nd othertsxes Other creditors Accruals and deferred income 11,668 2.379 7,916 11,911 12.012 9,569 6.001 33,874 27.582 12. CREDITORS: AMOUNTS FALLING DUE AwfER MORE THAN ONE YEAR 31.3.24 31.3.23 Bank loans (S note 13) 97,883 108,893 13. LOALYS An analysÈs ofthe maturity of loans is given below: 31.3.24 31.3.23 Arnounts falling due within one year on demaud: Bank loans 11.668 12,012 Amounls falling between one and two years= BaT]k loans- 1-2 years 18,806 18.712 Amounts falling due between tsyo and five years., Bank loans- 2-5 years 27,748 38.679 Amounts falling due in more than five years: Repayable by instalrnents.. Bat)k loans more 5 yr by instal 51329 51,502 Page 18 continued,..
RADFORD CARE GROUP NOTES TO THE FINANCIAL STATEMENTS- continued R THE YEAR ENDED I MARCH 14. LEASING AGREEMENTS Minimum lease payments under non-cancellable operatÉng leases fall dut as follows: 31.3.24 31.3.23 Within one y¢ar Between one and five years 4,155 14,350 2,684 10,450 IS,505 13.134 15. SECURED DEBTS The following secured debts are included within ¢reditors.' 31.3.24 31.3.23 Bank loan 86.278 87,699 The bank loan is secured by Charges over th¢ freehold property. 16. MOVEMENT IN FUNDS Net movement in funds Trdnsfe between ds At 31.3.24 At 1.4.23 Unrestrirted fun General fvnd 518,928 (27226) 20.645 512,347 Rtricted funds Making Sense of Dementia 0PAL/ArtSpi 19.372 65,137 5,382 (39,384) 24,754 5,108 (20.645) 84,509 (34,002) (20,645) 29,862 T(yfAL FUNDS 603.437 (61,228} 542,209 Page 19 continued...
RADFORD CARE GROUP NOTES TO THE FINANCIAL STATEMENfs- continued FO TH NDED 31 TrLIRCH 2024 16. MOVEMENT IN FUNDS- continued Net movement in fund& included th¢ above are as follows: Incoming resources Resources expended Movement in fid$ Unregtrided funds General fimd 227.348 (254,574) (27.226) Restricf¢d fund5 Making Sense of Dementia OPALIArtSpeak 20.811 3.529 (15,429) (42,913) 5,382 (39,384) 24,340 (58,342) (34.002) TOTAL FUNDS 251,688 (312,916) (61,228) Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted fund5 General fund New Build Proj¢ct Fund 549,365 400 (30,837) 518.528 400 549.765 (30,837) 518,928 Rostricted funds Making sen of Dementia OPAUArtSpeak 29,894 165,152 (10,522) (100,015) 19.372 65,137 195,046 (110,537) 84,509 TOTAL FUNDS 744,811 (141,374 } 603,437 Page 20 continued..
RADFORD CARE GROUP ]YOTES TO THE FINANCIAL STATEMENfs- continued FOR TH£ YEAJR NDED 31 MAR H 2024 MOVEMENT IN FUNDS- eontlnued Comparative net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movernent in funds Unrestricted fuDd3 GeneTr] funa 230,522 (261.359) (30.837) Rricted funds Making Sense of Dementia OPALIArtSpeak 14,605 6,868 (25,127) (106,883) (10.522) (100,015) 21,473 {131010) (110,537) TOTAL FUNDS 251.995 (393.369) (141,374) A cuml year 12 months and prior year 12 months combined position is as follows: Net movement in fimd5 Ttydnsfers between funds At 31.3.24 At 1.4.22 Unrestricted funds Generdl fL]nd New Build PJe& Fund 549,365 400 {58.063) 20,645 511,947 400 549.765 (58,063) 20,645 512,347 RtrICted funds Making Sense of Dementia OPAUArtSp¢ak 29,894 165,152 (5,140) (139,399) 24,754 5,108 (20,645) 195,046 {144.539) (20.645) 29,862 TOTAL FUNDS 744,811 {202,602) 542,209 Page21 continued.,,
RADFORD CARE GROUP NOTES TO THE FINANCIAL STATEMENIS- continued FOR THE YEAR ED31 H 2024 16. MOVEMENT IN FUNDS- continued A rrent year 12 months and prior year 12 months combined net movem¢Dt in fund4 included in the above are as follows: Incoming Resources expended Movement in fimds unrestrict funds Genernl fimd 457,870 (515.933) (58,063) Restricted funds Making Sense of Dernentia OPAUArtSpeak 35,416 10,397 (40,556) (149,796) (5,140) (139.399) 45,813 (190.352) (144.539} TOTAL FUNDS 503,683 (706285) (202,602} Amou[ disclosed as restrided fi]nds have been restricted as a result of the conditions impowj by the tncome provider. All the restrictsd grants and donations have specified tern and conditions attached to them. OPALJArtspeak- to deliver a PTogramme of arts for life to older people. Making S¢nse of Dementia- to deliver a further programme to support carers of t5¢ with Dementia. New Build Project Fund - 8 "designated" (but unrestsicted} fjjnd for the costs of constructing and fitting out a new building and the costs of tempordry relOtiO 17. EMPLOYEE BENEFIT OBLIGATIONS The comparty operates a defined contribution scheme. The assets are managed independently of the company and contributions 2re charged to the Statement of Financial Activities in the period th¢y are made. The Gharg¢ for the year wls £3,166 (2023 - £4,084}. 18. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ¢nd¢d 31 March 2024. Page 22
RADFORD CARE GROUP DETAILED STATEMEKf OF FINANCIAL AcfiviTIES_ R THE YEAR ED31 H 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 55,808 35,107 Other trAding 4clivitie8 m1& transport and outings Fund raising Other income 6,053 8,760 8,368 9,842 5,030 23J60 23,181 38232 Investment income Deposit account interest 1,562 858 CharitAble xctivilies Attendance Fees Dementia infonnation programme Arts and Crafts 138,797 20,811 3,529 148J25 14,605 6.868 163,137 169,798 Other illcome Artspeak Recharg¢s 8,000 8,000 Total ineorning rosources 251.688 251,995 EXPENDITURE Other trading activities Shop purchases Event5 and coffee Fund raising costs Craft materials 34 2,349 671 220 561 321 3,240 3J60 Ch*riÉable activities Wages Social security Pensions Rent, rates and water G&$ alld electricity Telephone and internet caled forwa 147,197 6.483 3,372 5,519 9,755 2,978 175.304 151.964 13,673 3,061 5,175 3,259 2,710 179,842 This pag¢ does noi forni part of the statutory financial statements Page 23
IL4DFORD CARE GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EDED 31 MARCH 21124 31.3.24 31.3.23 ChAritable activities Brought forward Printing, p)slage and stationery Advertising Sundries Meals, transport and outings Volunteer expenses Repairs and Tenewals Christmas gifts Training Dementia Inforniation Seated exercis¢ Singing wothops OPAL . Artspeak NC S¢lf Isolation Grant Costs Freehold propety depreciation Fixtures depreciation 175,304 858 4,533 2,023 20,375 35 7,114 122 1,139 15,429 ,920 865 41913 179,842 449 3,139 1313 23,659 20 6,688 341 25,127 1,760 860 106,883 4.856 7,589 11,976 7,590 13.956 294,176 374.502 Other Bad debts Bank interest Bank loan interest ,561 5,084 962 7,521 717 8.238 7,607 Support costs Governance c051s Auditors, rernun¢ration Accountancy fres Professional fees 1,380 5,482 400 1,350 6,118 432 7262 7,900 Totsl resources expended 311916 393369 Net expellditure (61,228) (141,374) This page does not fom part of the statutory financial stat¢m¢nts Page 24