REGisfEBID COMPANY NUMBER: 01946544 (EgliDd 8Dd Wales) REGISTERED CHARITY NUMBER: 1O7SI 18 PORT OF THE TRUSTE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21123 C A Hunier Lirnited Statutory AL¥titors Brithnnia Charnbas 26 GeoTge Street St Helens M¢r5¢yside WAIO IBZ AC3W8H* 2811212023 COMPANIES HOUSE 45
AP LIMITED NTEPITS OF THE FINANCIAL STA TEMEwrs FOR THE YEAR ENDED 31 MARCH 2023 P4ge Report of the Trnsteos Report of tbt Independent Auditor5 9 to 12 StatemeDt of FillDeil Aetivities 13 Balance Sht 14 to 15 Casb Flow Ststem¢mt 16 Not¢5 to the C4sh FIDW S¢temeot 17 Notss to the FItiti*l StsteiiitDts 18 to 28
SHAP LIMITED REGISTERED NUMBER: 01946544 REPORT OF THE TRU FOR THE YEAR ENDED31 MARCH 2023 Thc tnknrtccs who Irc alA) dircctors of the charity for the purpos¢s of the Companic3 Act *006. Pr their rcport with thc financial statements of the charity for th¢ yeor ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reportin8 by Charities: Statement of Recommended Practice applicable to charities preparing their accounis in #rdanCe wth the Financial Reporting Stsndard applicable in th¢ UK and R¢public of IrelwKI (FRS 102) (effeciive I J8nuary 2019). Page I
AP LIMITED ISTERED NUMBER: 01 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2 ORIEcfivES AND ATIEs Airns and objectives for the public benefit SHAP'S Pri]ple activities continue io be the provision of accommodation supw)rt and community well-being 5ervi¢es. The focus of our work is youn& shngle, horneltss twple. IN)ked after children and care leavers. However. w¢ also provide services for people of all ages or for those with specific needs such &s those related to alcohol. dnjg mis-U5e or offending behaviour. Ov¢r the past three years we have also develo1 a service offer for lsylum seeker4 reSJgees and displaced Ukrainian families. values as defined by our staff and servic¢ er5 are.. Approachable.. being Ope frieThJty and welcoming Tntwohy. honest and dependable: being re5rnfv1 and horw doin8 th righi thin& fctUS5ing on ow servi¢¢ users and being committed to the organisation and our colleagues Safe.. making people feel safe at hom< giving them a sense of belongin& making SHAP a place Nthere they feel able to Creative.. delivering a diverse range of servicffj dynwnic and flexibk in (Mjr apToach aThJ rewrtsive to people's needs Positive: looking for solutions. problem4 bein8 helpfvl atyj confidenL efflwer1n8 people to tske up OPKM)rnmitie$ Supportive.. listenin& un¢Jerstsndin8. SUPPOrting people to achieve their goals. p[thing each oth Determined.. being persistenL going the extsa mil4 clHllenging Ir attItseS and prdetices Resp¢ctful: being gfflerous in spiriL making people feel they matter, Th)t judging and tjot diriminating Achi¢vement and performance Si4AP's services coniinve to be extremely busy and many of our accommodation seTViW hav¢ a waiting list. SHAP5 Board and Chief Executive continue io make sure that the charitys activities are tn line wtth our core objective and values. 2022123 we provided services for nearly 2.0 people. As well L8 our cor¢ beneficiarie5. young horn¢kss p¢opl< we also provided new services for asylum seekets aTKI refugees iluding PIe disT>laj from Afghanith. Quality Assurance SHAP holds the ISO 9(KII:2015 quality mark a1 following Te-insption in 2021 we We re-accr&4ited ft*r a fir three years. We have reviewed and revised our approach to internal audit againm th¢ ISO 9(K)l thdard with the airn of assessing all services against key elements of the staTKlard during the three-year wle. Thi5 re-acueditation is a real achievement for the Quality Group and the person who has assumed part time responsibility for ISO".9001 management and oversight. The organisation's resource5 in this regard have reduced SI1f11]Y since we initially xhieved the quality mark and Considerable work requir{ to eTLwre that we retaine4J ii. Succession planning Sw's Board and Chief EXc£1ve have continued io foc$ on succession planfting. The strategy for appointing a Chair Designate wa5 su¢¢essful and the new Chair of Tru5W took up her appoinlm¢nl in January 2023. The Board h&$ also agr¢ed a succession strate8y for the Chief Execijtive as parf of a plan to Sere longer tenn sthbility for the charity. This plan is commercially serlsilive and therefore remain5 confidential to the Board. Financial review In 2022-2023 th¢ Charity was once again able io pr(xluce a slight surplu5. This is encourdging a5 it is in the face of an incr¢asingly challenging financial enviroTThent. The Current rst of living crisis has seen Signifit cost pr¢55ures ¥ross all are&s of SHAP'S activity and is ir1Thg the lev¢ls of hardship fac&1 by many of our servtce Iisers. Page 2
LIMITED GIST RED NUMBER. REPORT OF THE TRuEEs FOR THE YEAR ENDED JI MARC 21)23 The plan to transfer th¢ Charitys nwsery setting out of the Charity and In awher mechanism is now w io take place between January and March of 2024. SHAP ¢orttrnues to look for opp(Wlimities to work ¢ollaIaliveIY with othEr agencies and organisalions and is alwdys open to di%ussions around mutually benefi¢ial strdle¢ partherships. It 15 for these reasons that SHAPS TteeS believe that the charity remains a going CoeM for # period of at lew the nexi 12 rnonths. Pag¢ 3
HAP LIMITED ERED MBEL. 01946544 REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2023 STRATEGIC REPORT Financial risk W¢ wntinue to reYÈew the viability of all of our services the contrxt of rAtionai. reg)nal and lo1 politi¢$ and decision making. This ha5 been and remains extremely challenging. The cost of living crisis combined with a sector.wde workfoTC¢ shortag¢ have combined to produce an exceptionally difficult set of financial circumstances. For the second year running it has been necessary to Trthe a substsntial pay award to our staff. A fixed sum for all staff was as the most equable way to deliver this. The sum is equival¢nt to arournl 6% for the majority of frontline roles. Achieving full Cost recovery over many of our service tracts is now vtTtithlly imr*>ssib]e. Contra¢t budgets were generalty Set to in¢rease at around 2-2.2Yo eath year but in reality w¢ have s¢¢n costs rising by an average of 8Q/o over the past 12 motttlL5. SHAP ntinUeS to look for ways to generate additionai incom¢ which can $1p0rf core fimds whilst en5urin8 that 5¢rvitts are &$ wst eff¢¢tiv¢ arnl efficient as they can be. SHAP'S service5 for young pIt pre5¢nt outstanding value for money and our Strat¢gic plan inclLth an obje¢tive around developing a wider offer for the young people- including providing we as well support. This requires specialisi knowledge aTJd experierK¢ and we are dev¢loping a s¢nior management post to l¢ad th¢ management and development of car¢ and 5UPPQrt Servi for young wple. SHAP maintsins a risk register which identifies all the key ri5kg that the dwity is f¥ing at any given time. The risk register identifies a number of financial risks that the charity faees atwj leS them in teTm5 of likelihood. SHAWS leaderthip teAm then set out how th¢s¢ risks will be managed or mitigaied. The risk register is revi¢wed regularly by the Chief Executive. the Finance Officer and S¢nioT ManageTS and is d]U$$ed by the Board ti¥ice a year. Detailed quarterly management accounts are provided to the Board to enable th¢m to revi¢w th¢ significant risk of our failing to deliver against ¢)W ¢0St wntrols. IrKreasing pressure co&s. pJrti¢uiarly around energy and building mawials, have led io this risk being increased. Although less than in previous years risks &ssociated with Covid are Still present and we also face wntinuing uncertainty as a result of high Inflatio political inyability and ¢5talating workforce ¢halienges. Tran5a¢tions and financial posilion Th¢ curreni financial climatr is refleued in SHAPS finala1 p05itioti as it many to SU51ain increasing services with decreasing resources. The pattern of fun(L4 is changing between Testrided and unrestricted income as some of ow fiderS are increasingly aware of the need for to be more flexible with r¢50wce& The ststemertr of financial activities shows a SwpI of £78,697 (2022 surplus of £95.877). Totsl reserves carried forward as at 31 March 2023 stand at £703.591 (2022.. £624.894) with unr¢5tricted fimds of £693,538 (2022.. £624.894) and restricted fjjnds of £10.053 (2022.. £nil). The charity eontinues to hold restriciryj and unrestrict&J fuThJs and Eo mairtain reserves in line with its Reserves Policy. The aim of the rrt)licy is to maintain a reserve of unrestria fimds * a level that will enable the charity to operate for an . optimutn period of 6 months and a minimum period of 3 months. The Board of Trustees regularly review the amowjt of reserves thai are r¢quiTed to ensur¢ that this firtancial stsbiliry is matntsined aThl that the charity is able to ¢ontinue to fulfil its obligations. This poli has been reviewed in I1t of the incTe&8ed use of wre fJThds during financial year5 2017-18 and 2018-19. This resulted in a diminished reser¥e bui one which still rneeL8 our minimwn requirement of 3 months. nujning costs. The Trustees are satisfied that our provision and our process for rnonitoring are prudeni and appropriate. They will continue to review this siblion every 6 months. In aniicipation of the Charitys nursery moving across io a new charÉtsble organisation early in 2024 a fiuKI has been desiwed for this purpos¢ within SHAPS unrwtricted fiJ Page 4
SHAP LIMITED REGIERED ]¥UMBER: 01946544 REPORT F THE TRU EES FOR THE YEAR ENDED31 MARCH 2023 STRATEGIC REPORT Futun plans Future plat]s- Our stratw for th¢ fvture The Trustees and executive management of the or8aniwion will coniinue to r¢frsh our 5trat¢gi¢ business developTn¢nt plans. We want to ensure tha¢ the organiwion is able to meet the challenges of the far-reaching thanges which wll be affecting the public and third Sec[$ over the coming months years. W¢ remain Committed to the following objectiv&%: l. Contributing to the creation of s$inable communities in the area where we work and to the PTeveniion of homelessness. 2. Communicating brilliantly. 3. Promoting diversity, anii-racism and social justice. 4. Achieving a strncture that ensures maxirnum srability for ow existing s¢rYicts aThJ provid¢s best opporturtiiS for gro. a clear, stron& effective and flexible management stnjcture. 5. Having skilled and rnoiivated sthff empowering service u5er5 hav¢ acces5 to a wide range of OFVOrtuniti¢& 6. Enabling people." ViQW5 about th¢ir oin ltilal10r6 ro b¢ hcaFd. 7. Enabling thildren and young peiTrple to mak¢ a positive imw on th¢ WOTld around them. In purwit of these objectives the Board has agreed an imwrtant strgic development: SHAPS primary offer has always b¢¢n providing young people with good stat¥lard accommodation and sthKttwed support around life skills and independent living. Over recent years we have sttn a marked irKrease in yowig people who also have significant care needs. These needs Tnust be met in Order for them to Confidently mov¢ towards independence. SHAP will therefore look to realign some of its service offers and develop lW ones which wll enable us to develop models of care and support. Initially this will be through th¢ d¢v¢loprn¢nt of models of semi-independent living for ¢hildren and young people who are looked after by local authorities or preparing to leave their care. We are confident that our values and core exwlise provide a good foundation for such a service development and will ensure suitably experienced and qualified managets are brought into th¢ organi5ation to ¢Dsur¢ their effe¢tiv¢ delivery. W¢ believe that the paThJemic h&5 shown the importance of publiclpnv collaborntion at a national and Iixal l¢v¢l and as an organisation w¢ are keen to work in the space. Many local authorities will be tnaking service thanges because of financial presswes but this will creaie a need for innov*ion. Health and 8xial care 5ervic¢s will be ¢ommissioned and delivpJed differently over the next ftw years and a focus on Frt)pulation health me¢5 delivered at a loul level will again provide opportunities for imaginative collatM)rative resrrt>nse5 from public and third sector organisation& SHAP intends io become a leading providerlenabler of comTnunity well.b¢ing servifj. Following a protracted negotiaiion around thE managernen¢ of a housing scheme at Octsvia Court in Huyton, Knowsley SHAP made an offer io buy. The Housing Associaiion that owned the propenies accepied and SHAP complet¢d the purchase in Juty 2022. This 24 t]at scheme as a long lernj investsnent whKh is planned to support the purch&s¢ of filrther properties in the future. Page 5
ITE MB REPORT OF THE TRUSTEES R THE YEAR ENDED31 MAR H20 STRUCTURE, GOVTRNANCE AND MANAGEME]YT Governing doeument SHAP Ltmiied is a charitsble cornpany. 11rnit by 8ant¥ inwTpofdted in SeNember 1985 arkl registered as a charity. The company was estsblished under its Memorandum and ATti¢les of Ass(xiation that set out th¢ objects and power5 of the tharitable company. In the event of the company being wound w). mernbers wr¢ requ5red io contribute an amount not exceeding £1. Trusle¢5 The directors of the ¢harÈtable company are also Trustees for the purFrt>se of charity law. Trustees are known as members of the manag¢rnent Board of Tee$ are ¢l¢c¢¢d to s¢rve for a period of thre¢ y¢w5, after which tlw may be re<lec¢ed at the next annual generdl meeting. The Charity SUCCts5fully recruited a rhair deS1¢e in 2022 - Di¥ne Williams bttame Chair during the period covered by these accounts. The Trustees recorded their grafrful thanks to Mary Milton who had uThJerke the rol¢ of Chair of Trustees for a number of years. IndCtIOn ad traiDille of new trus¢¢¢s New tnJstee5 are invited to attend meetings wth the chief executive and the senior management team to familiarise them%lves with the charitsble cornpanls activities and the comext within which it operdtes. Are4s covered would include the obligations and re5ponsibiliti¢s of becoming a Inth. a review of the goyemittg documert and the eurrent financial position. or1$tIoal stru¢¢ur¢ The Board of TnL%tee5. of which there is no maximum nwnlKr Ixrt a minimum nthnber of two. meets quarterly to administer activities and set the policy and strategic direction of the charity. The Board elects the Chair every three years who is responsible for organising Board meetings and meeting regularly with the ChTref Executive. A published scheme of delegation s¢ts out the responsibilities which the Board keeps to itself and th05e whith li delegatrs the Chief Executive and mana8eTS. Th¢ day to day iesponsibility of the provision of servi¢es and ov¢rdll management of the charity rests with the Chief Executive who also acts &$ the Company Secretsry. Rel*¢ed prties SHAP delivers three services in partnership with other agencies- a homeless faTnilies centse and a harm reduction residential service in Liverpool in paTtnership with Th¢ wh1hapel Centre and a floating 5UPPOrt Servi in Halton in partnership with Plus Dane Housin REFERENCE AND ADMINISTRATIVE DETAII Registered Company number 01946544 IEn8land aNI Wa1¢5) Regislered Ch4rity 0mber 1075118 Registered Bearly House 67 Liverpool Road St H¢l¢ns Merseyside WAIO IPQ Page 6
HAP LIMITED Gl TERED NUMBER: 01 REPORT OF THE TRusfEES FOR THE Y AR ENDED 31 MARCH 21)23 Trustees M Milton S Cott¢r-Bur8ess P J Barron D Williams {appointed 6.5.22) CompThy Secretary M C Weights Auditor5 C A Hunter Limited Statutory Auditors Briiannia Chambers 26 George Street St Helens Merseyside WAIO IBZ STATEMEf4T OF TRusfEES' RESPONSIBILITI&S Th¢ trustees (who are also the directors of SHAP Limited for the purposes of comp8ny law) ar¢ responsible for preparing the Report of the Tne¢S and the financial Stments in acwrdatKe with applicable law and United Kingdom Accounting Standards IUnit¢d Kingdom G¢n¢rally Acc¢pted Acc4Nrting Practic¢). Company law requires ihe Injsttts prepare financial statements for each financial year which give a ttue and fair view of thc Jtatc of affairs of the charithble compan). and of the incoming rcsourccs and application of rpoUrCe", including th income and expenditure. of the charitable company for that p(. In preparing those fit)ancial statements. the trustees ar¢ required to select suitable acCoting policies aThJ then appty them cortsistrnity. - obsetve ihe methods and principles in the Charity SORP" - make judgements artd estima that are reasonable aTrJ Prjent.. prepare the financial statrments on the going CoeM b15 unless it is inappropri to pr¢sume that th¢ charitsble company will continue in b81. The trust¢¢5 are responsible for ke¢ping prop¢r accounting reo)rds which disclose with reasonknle accuracy a¢ any time the financial position of the charitable company and to enable them ensure the financial stsiemems comply with the Cornpanies Act 2006. Th¢y ar¢ also responsible for s8f¢gwding the assets of the charitable company and hence ftir taking rea.Rnnable Ws for the prevrnlion aThl deJeaioD of fra1 and iTTepuJarities. igi¢ is nv relevani awjit info[rlI( vf whicli the CIwib ¢4)Inpwrfs auditLXS' Wwwdre" ld the truste¢s have tsken all step5 that they ought to have taken to make themselve5 aware of any relevant audit infomation Id iii ¢bbliS]* auJi¢uis awdr¢ of iiirornwlioii. AUDITORS Th¢ audiior¥ C A Hurf¢r Limit¥l will b¢ pro for r¢-app)intsnent at the fotthcoming Annual Genual Meeting. Page 7
AP LIMI REGISTERED NUMBER: 01946544 REPORT F THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Report o on.... the tn]st¢e& inctypwing a stratrgic reFNrt approT4ed by order of the board of as the company director liz4ts.LJ.............. .. and sied on the board's behalf by: . Setary Page 8
T OF THE INDEPEND NT AUDITORS TO THE MEMBERS OF SHAP LIMITED Opinio We have audiied the financial statements of SHAP Lirnit¢d (the 'charitable cotnpang) for the year ended 31 March 2023 which ¢ornprise the Statement of Financial Activitie4 the Balance Sheel the Cash Flow Statement and notes to the fthancial staiements, including a summary of significant xcounting policies. The financial Teponing framework that has been applied in their preparation is appli¢able law and United Kingdom Accounting StaThJards (United Kingdom Generally Accepted AOUntEn8 Practice). In our opinion the financial statements: give a true and fair view of the slate of the charitsble CoMpanS affairs as at 31 March 2023 of its incoming re50urce5 and application of resources. including its income and expenditure. for the year then ended. have been properly prepared in accordance with United Kingdom Genernlty Accepted ACtIng Practtce" and have been prepared in ¥cordance wath the requir¢m¢nts of the Cornpanies Art 26. Basis for opinio We conducted our audit in accordance with IntemiorI Standards on AlitIng (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fiwther described in the Auditors, reSpolb]litIeS for the audit of th¢ financial ststements section of our repoTL We are independ¢nt of the charitable company in acwrdanee with the ethical requirernents that are relevant to ow audit of the finan¢ial slaternents in the UK. inclding the FRCS Ethical Standard. aThJ we have fulfilled our other ¢thical responsibilili¢s in aOrdanCe with the5¢ requirements. We believe that the audit evidence we have obtained 15 sufficient and appropri to provide a basis for our opinion. Conel4sions relating to going conee In auditing the financial 5taiem¢nW we have concllxkd that trwstees, of the going concern basis of acwunting in th¢ preparation of the finartcial statements is appropri. Based on the work we have performed. we have no¢ identified any rnaterial urKertainties reling to events or conditions thaL individually or collcctivcly. ma), cast signifi&int doubt on the chariuble comp3nys ability to continue as a goitig ¢on¢em fnr a periryl of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the rtsponsibilities of tr trtee5 with rtspect to going oyKern are deKrib¢d in the relevant sections of this rq)ort. O¢ber lfornlI0 The trust¢¢s are responsible for the other inforn)ion. The other inforn)ation comprises the inforniation included in the Annual Report. other than the financial swements and our Re of the Ind¢peTMknI Awlitors thereon. Our opinion on the firtancial stateMts does T1 cover th¢ other information arf excw to the ¢xtent otherwise explicitly Stated in our repoTL we do not expre55 any form of aSsurar Cols1on thern. In connection with our audit of the financial sthtement4 our responsibility is io read the other information and, in doing so. conJid¢r whcthcr th¢ othcr infommtion ir mthriall}' Incon"1ent iwth the fi[13] ststements or our knowldge obtained in the awjit or otherwise apwJrs to be materially misslat¢d. If we identify material inconsist¢nci¢s or apparent material misstatements. we are required to ddermine whether this give% rise to a material mtsmatement in the financial statements themselves. If, based on the work we have perfornied, we nClude that the is a MerIal misstatemeftt of thi5 other infornialion. we are required to report that fact We have Th)thing to report tn this regard. OpiDioDs on other mtt¢rs pre5¢ribtd by the COM•t$ A¢t 2fyJ6 In our Opinio based on the work undertaken in the course of the audir.. the infomiation given in the Report of the Tntstres for th¢ financial year for whi¢h the finan¢ial stat¢m¢nts are prepared is consistent wth the fancIal staiements. and the Report of the Tr has been prepared in accordanct applicable legal reqtsiremen Page 9
REPORT OF THE INDEPENDE A SHAP LJMrrED RSTO THE MEMBE Matter5 OD which we gre required to report by exeeptio In th¢ light of the knowledge aTMI underststlding of th¢ tharithl¢ compaTry and its environrnent obtsined in the course of the audit. we have nor identified material mi55tatements in the Rwrt of the Tnees. We have nothing to report in respect of the following matters where th¢ Companles Act 2(J)6 requir¢s us io report to you if, in our opinion.. adequate accounting records have bttn kepi or retums thiuatr for audit have noi been reczive4J from branches rtot visited by . or the finala[ stat¢m¢nts ar¢ not in agreement with th¢ aountIng records and rdurn5" or certain disclosures of tres. remuneration specified by law are not made" or we have rw)t received all the infomiaiion and explanations we require for audit. ResponJibilili¢5 of trust¢¢S As ¢xplain¢d more 1]Y in the Statement of Tntee< Resportsibilities. the rnLStees I are also the direaors of the charitable company for the purwses of company law) are resnsIble for the Fryarntion of th¢ financial ststements and for being saiisfied thai they a true and frdir wew, aTMI for suth internal control as the tnL5tee5 deteThnin¢ 15 n¢¢essary to enable preparation of financial ststernents that ar¢ fr¢¢ fmm material mi5slatemenL %thether due to fraud or emr. In preparing the financial ststements. the trusiees are r&y)Asible for &%sessing the chaTitable ¢ompany's ability to ¢ontinu¢ a going concern. disclosin& as applicable. mattffs relatrd to going concern and using the going wn¢¢rn basis of accounting unless the trllstees either imend to liquid*¢ th¢ tharitsbl¢ panY or to ¢¢ase operations. or have no realistic alternative but to do so. Page 10
RT OF THE INDEPENDENT AiJD]TOILS HAP LIMITED THEM MBERS OF Our re5PODsibilities for the audi¢ of the fin4Dcial sttements Our objectiv¢s are to obtain reasonable assurance abo wFLether the financial statements &$ a whole are free from material misslatem¢nL whether du¢ to fraud or error, and to iswe a Re[ of the Independenl Auditors that include5 our opinion. Reasonable assurance is a high level of assurartt, bui is not a guarantre that an audit conducted In accordance with ISAS (UK) will always deie¢i a material misststrmeni when li exists. Misstatements can aris¢ from fraud or error and are onsidered material if, individually or in the aggregale, could reasonably be to InflUer the economic decisions of users tsken on the basi5 of these financial statements. Our approath to identifymg aTMI lssessing the risk5 of material misstJtm¢nt in r¢5pert of iwlaritt¢4 i]Uding fraud and )n-¢ornpliance with jaws and regulation4 was as fol]ow5: - we have ensured ihat the engagement ieam eollectivety had the Mwiate CompeteT, qjabilities and skills to identify or reco8nise n(trn-¢ompliance with applicable laws and regulions" - we identified the laws and regulations applicable to the charithble company through discLL8sions senior managers and the trustees, and from our commercial krnwledge and experience of the industry sects)r. and the relevant laws and regulatiOllS have been communicated wiihin the audit.iewn throUoUt the ¢our5¢ of ow work. - we tsused on specific laws and regulations 1¢h considered may have a direct material effect on the financial statements or the operations of the charitable company. Inc1j1n8 the Companies Au 2006, the Chariiies SORP, employTnen¢ health and safety legisl10n. and - we &%Sed the extent of compliance with the laws and regulations identified above through making enquiries of managernent and inSpting legal correspondence. We assessed the susceptibility of the charitable companys financial ststernents io material misstaternenL in(1lIng obtaining an uThJerstsnding of how fraud might occur. by". rnaking enquiri¢5 of management and twstees as to considered ttre w&% susceptibility to fraud. their knowledge of actual, suspected and alleged fraud. and - considering the internal controls in place mitigate risk5 of fraud and norPIlanCe with laws and regulations. To addres5 th¢ risk of fraud thmugh management bias and override of controls. *t: - perfomied lCa1 procedures to identify any thusval or relationshi - tested jownal entries to identify unusual transactio - assessed whether judgements aftd assumptiorL8 made in deterniining th¢ aUntIng estimates were indicative of poiential - investigated the rdiionale t1nd significam or USUal traLWEi. In response to the risk of irr¢guiaritie5 and noTroThpliarKe with laws and regulations. we designed procedures which included, but were noi limited to= - agreeing finan¢ial sthtement dis¢losures to urmlerlying supTK)rting documenlation" . reviewing management reporting processes to the board ortrlee$. - enquiring of management as to thal and [ntIal lililOn and claims. aThJ - reviewing corre5pond¢n¢¢ with the Charity Commission and other relevani regulators. Pagell
RE F THE INDEPENDENT AUDITO SHAP LIMITED MEMBERS There are inherent limitalions in our audit PTo¢edur¢s described above. The more removed that laws and regU110nS are from finwKial transactiorts. the less likely it is we would become awdre of non-cornp1lan. Auditing stsndard5 also limit the audit procedures required io identify non-compliance with laws arld regulatiorns to enquiry of the trustees and other management aTKI the inspection of regulatory arwj legal corre5P)fKl¢nK if any. Material misstatements that arise to fraud can be harder to de*a than those that arise from ¢rror as they may involve deliberate concealmmt or 7]10n. A further de5Gription of our responsibilities foT the avdit of the finatKial swernents is located on th¢ Financial ReFKTrrting Council's website at www.frc.org.uklauditorsrewibilities. This description fornis part of our R¢port of the Independent Auditors. Use of our report This report is made solely to the charitsble compan$ mernber¥ &$ i Wy. in aCC¢)r with Chapter 3 of Part 16 of the Companies Aci 2006. Our audil work has been und¢rtsken 50 that we might stste to the charitsble compan$ members those matters we are required to stat¢ lo them in an auditors. repKTrrt and for rto other pww)se. To the fullest extent permitted by law. we do not accept or L5surne responsibilty to anyone other than the charitsble cornpany and the tharitable CoMpanS members &$ a b(ty, for our awlit work, for this repoo or for the opinions we hav¢ fonned. Keith ROttm Isenior Statutory Auditor) for and on behalf of C A Hunter Limited Sthtutory Auditors Britannia Chambers 26 George Street St Helens Merseyside WAIO IBZ Page 12
SHAP LIMITED ATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCO FOR THE YEAR ENDED 31 MARCH 2023 31.3.23 Total 31.3.22 Total fwids Unregtricte41 Restricted Ne$ INCOME AND EfqDOWMENfs FROM Donations and legacies 4.710 25,0(K) 29.710 1.965 Charit8ble ac¢iva¢i¢s Accomrnodation & support services Advocacy services ComJnunity development Children's ryurs¢ry 3J67.119 3J67,119 3.194.162 49.642 541.990 49,642 541.9 49,017 480.443 Investment income 4.438 4.438 873 Total 3.967.899 25,CKM) 3.992.899 3.734,006 EXPENDITURE ON Cb&Tilable #ctivities Accornmod*ion & supFrfJrt service5 Advocacy services COMMlty developmem Childr¢n's nursery 3J33.671 14.947 3 J48,618 3.064,489 25,221 67,976 480,443 64.588 s.996 64.588 500,996 Total 3.899255 14.947 3.914202 3.638,129 NET INCOME 68.644 10.053 78.697 95,877 RECONCILIATION OF FUNDS Total fimds brought forivard 624.894 624.894 529.017 TOTAL FUYDS CARIUED FORWARD 693.538 10.053 703,591 624.894 The notes forni part of these financial siatements Pag¢ 13
HAP LIMITED CISTERED NUMBER: 01946544 BALANCE SHE 31 MARCH 2023 31.3.23 T¢Mal 31.3.22 Total fijnds Unrestrided . Restricted Notes FIXED ASSETS Tangible assets 12 1.259.794 1259,794 211.113 CURRENT ASSETS Debtors Cash at bank 13 379,425 257.133 379,425 267.186 357,943 582,443 10.053 636.558 10.053 646,611 940J86 CREDtTORS Arnounts falling due within one year 14 (472.741) (472,741) (526.605) NET CURRENf ASSETS 163.817 10,053 173,870 413,781 TOTAL ASSETS LE&S CURRENT LIABILITIES 1.423.611 10,053 1.433,664 624.894 CREDITORS Amounts falling due after more than one year 15 (730,073) (730.073) NET ASSETS 693.538 10.053 703.591 624,894 The not¢5 fonn part of these finan¢ial ststanents Page 14 continued...
SHAP LIMITED EGISTERED NUMBER: O LANCE SHEET- continued 31 MARCH 2023 18 Unre5triCted fi]nds: General fijnd DesIg[ted unr¢5tricted 377,544 315.994 349,894 275.000 693,538 624,894 Restricted fiuth.. Asylwn seeker/refjJgee sUPPOrt fimd 10.053 TOTAL FUNDS 703,591 624.894 ILlILIzozi Th¢ financial statements were approved by the Board of Trse9 and aUtlKTrri for issue on ............................................. and re si9d on its behalf by". o4- D Williams- TTU5¢ee P J Barron- TnL%tee The notes forni part of these finaKial 5talements Page 15
HAP LIMITED CASH FILIW STATEMENr FOR THE YEAR ENDED 31 MARC 31.3.23 31.3.22 Cash flows from operdtittg etivities Cash generated from op¢rdtions Inrest paid 11.081 (30,305) 28.695 N¢t cash (used inyprovid¢d by OFtrning activitie5 (19.224) 28.695 Cash flows from iTrv¢s¢ing adivitS Purchas¢ of tangible.fixed assets Interest rtteived {1.065,597) 4,438 873 Net cash { inyprovided by inveMin8 activities (1.061.159) 873 sh Ilows from finaneimg ¢tivitYs New loan5 in year Loan r¢payinents in year 787.500 (22,374) Net casb provided by financtng activities 765.126 Change in casb a@d cash equivaleots ID the reporting period Cash s)nd fash equival¢tsts at Ike beginlThE of the reporting period (315257) 29.568 582.443 552.875 Cash nd esb equivak•ts at the ettd of tbe reporting period 267.186 582,443 Th¢ notrs fonn part of these financial slatements Pag¢ 16
HAP IMI NOTES TO THE CASH FiDW STATEMENT FOR THE YEAR EIWED 31 MARCH 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTtVITIES 31.3.23 31.3.22 Net IDcome for ¢b¢ r¢pDrtiug period (8S Ptr the Ststement of Fits8¢11 Aetivities) Adjustments for: tkpreciation charges Interest received Intere paid Increase in debtOTS (De¢reas¢yincrea5¢ in credito 78,697 95.877 16,918 (4,438) 30.305 (21,482) {88.919) 6.874 (873) (114.262) 41,079 Net eash prnvldtd by oper*liows 11.081 28,695 ANALYSIS OF CHANGES IN NET FuNDS1(DE At 1.4.22 Cash flow Ai 31.3.23 Net c4sb Cash at bank 582,443 (315257) 267.186 582.443 (315.257) 267.186 Debt Debts falling due within l year Debts falling du¢ after l year (35,055) (730.073) (35.055) (730.073) (765,128) (765.128) Total 582.443 (1.080,385> (497.942) Th¢ note5 forni part of these financial atements Page 17
SHAP LIMITED NOTES TO THE FJNANCIAL sfATEME FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basis of preparing the financial siterneDts The financial ststements of the Ghari¢able ¢ompany, thi¢h t5 9 public bfit entity under FRS 102, have been prepared in aordance with the Chariiies SORP (FRS 102) 'Accounitng a[ ReTK)rting by Charities.. Ststemeni of Recommeftded Praciice applicable to charities preparing their accounts in aance with th¢ Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019)., Financial Reponing Standard 102 The Financial Rep)rting Swidard applicable in UK and Republic of IrelaThJ' and the Companies Aa 2006. The financial statements have been prepared uTrJer the historical cost convention. As outlined in the Truste¢s' Rew>r4 the ard continues to monitor th¢ fitoncial torManCe of the Charity and undertake appropriate steps io mJintsin its ongoing finanGial stsbility.The Trustees are saii5fied that the charity h&$ sufficient res¢ryes to enable it io coniinue io implement th¢ • outlined, improve its finan¢ial perfoanCe. Having Consider these factors oudined above the tnts£s consider li appropriate w prepare the financial ststements on the going concern basis. Ineome All incotne is recognised in the Ststement of Financial Activities once the Cty ha5 eniitlem¢nt lo the fimd4 it is probable that the income wll bE Teceived and the amount can be rneasured reliably. EXpEnditre Liabilities are reColSed as expenditwe as soon there is a legal or construthive obligation committing the charity to that expetvliture, it is probable that a transftr of economic benefits will be wuired in settlement and the 0nI of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis aTrJ has be¢n classified under headings that awegaie all cost related to the catrgory. Where wsts cannot be directly allributed to particular headings they have been allixtttrd to activilies on a b&sis consistent with th¢ of resources. AlloeatKJn And apportioiiiiie•l ofeosts Support costs includ¢ ontral fiCtIOnS have been alliKawl to xtivity cost catrgories on a basis consistent with the Se of resources. Tngibk fixed ¥Jssets tkpreciaiion is provided at the ftlllowing annual rntes in order to write off each &8S¢t over its estimated use] life. Freehold properry LA>ng leosehold Plant and ma¢hiftery Fixttjres and fittings Motor vehicles 2Ya on cost 2% on c05t 2(Wh_ 330/• on cost 20%- 33Yo onco 25V• on reducing ba]ance Taxatio Th¢ ¢harity is exempt from corporation tax on its clwirable aaivities. Irrecoverdble VAT is tharged against the CaOry of resou eXrtded for )ch it was Incu. Fund aceouDting Unresthded furtts can be ed in 4ccordarK¢ with the cljaritable objectives ai the discr¢tion of the truste¢s. Restricted fijnds can only be Sed for particular r¢5tricted purpose5 within the objects of the charity. Restrictions arise whert specified by the donor OT when funds are raised for particular restr"LCted purposes. Designated fimd$ 4re unrestricied funds earn)arked by rnanag¢rnt for particular pwposes. Page 18 ¢ontinued...
SHAP LJiVIITED TES TO THE FINANCIAL gfATEMENTS- conti FOR THE YEAR ENDED 31 MARCH 2023 AccouKfiNG POLICIES- eotttlntyed Hire Purch aDd kasing ¢ommi¢nxDts Rentals paid under operdiing leases are charged to the SteMent of Financial Activiiie5 on a straight line basis over the perioj of the lease. DONATIONS AND LEGACILS 31.3.23 31.3.22 DonlOn$ Gift aid 24.710 1.965 29,710 1,965 INVESTMENT INCOME 31.3.23 31.3.22 Bank dq)osit inieTest 4.438 873 INCOME FROM CHARITABLE AcfiviTILS 31.3.23 31.3.22 Activity Accommodation & SUPFM)rt servIS Accommodatton & supw)rt services Accomrnodation & supw)rt sv¥1$ Rental income Grants & contracts Other fees earned Grants & contracts Grants & contracts Nursery income 1.211.065 2.120,444 35.610 1.071.518 2,076224 46,420 7,546 49,017 480,443 CoTnmunity developm¢n¢ Childr¢n's nurwy 49.642 541.990 3,958,751 3.731,168 Grants received. Incl in the alK)ve. are as follows". 31.3.23 31.3.22 Supporting Peopl¢- St Helens Supporting P¢ople- Knowsley Supporting people- Halton Supporting People- Liverpool Liverwol Advocacy Services Community Development Temporary Accomodatioft Manag¢t Parenlal Assessment Unit 703.407 145.600 280.571 782582 694.837 222.551 237,551 717,342 7.546 49,017 95.499 108,444 49.642 114.004 94280 2.170.086 2.132.787 Pag¢ 19 continued..
SHAP LIMITED OTES TO THE FINANCI ATEMENTS- eotttinKed FOR THE YEAR ENDED 31 MARCH 202 CHARITABLE ACTIVITIES COSTS Support costs (s¢¢ not¢ 6) Dire¢l Costs Totsls Accommodation & support swvices Community development Children's nursery 2.869233 53.575 434.142 479,385 11,013 66.854 3,348,618 64,588 500.996 3J56.950 557,252 3.914,202 SUPPORT COSTS Governa¢ costs Totals A¢¢omm(Mlation & support services Community development Children'5 nur5¢ry 401,633 11.013 65.705 30J05 47.447 479.385 11,013 66.854 1.149 478.351 30.305 48,596 557252 NET INCOMEI{EXPEIYDITURE) incomeJ(expertditure) is ststed after char8]nw(crllI7ft). 31.3.23 31.3.22 Audilors, temunerydiion Depreciaiion- owned assets Other operating leas¢S 15.OLKJ 16,916 557,618 14,0 5.225 548,205 TRUSTEES, REMUNERATION AI¥D BENEFITS There were no tsudees. ranuneration or other benefits foT thE year ended 31 March 2023 nor for the year end¢d 31 March 2022. Trustees, expeD Th¢re were no tru5tees' pe¥ paid for the yeareNled 31 Mar¢h 2023 nor for the year end 31 March 2022. Pw20 continued...
SHAP LIMITED TES TO THE FINAIYCIAL STATEMENfs- continu FOR THE YEAR ENDED 31 MARCH 2023 STAFF COSTS 31.3.23 31.3.22 Wages aTKI salaries Furlough grants received Social security costs Pension costs 2,240.076 2,202,955 (2,824) 131,905 40.604 151.379 40,481 2,431.936 2,372,640 Included wiihin wages this year are invoiced costs iotslling £285.574 (2022 £267.695) paid to The Whitechapel Centre for staffing costs they have incurred in relation io the Belwdere Farnily Hostel and £88.56412022 £79,146) of agency stsff. NumbeT of employees with emoluments exceeding £60,(KKI: 31.3.23 Nwnber 31.322 Number £60,001- £70.000 The average nwnber of full-tim¢ equivalent employee5 dwing the year w&5 as follow5: 31.3.23 31.3.22 Central serwic Housing and residential servic 89 90 96 97 io. COMPARATJVES FOR THE &fATEMENT OF FINANCIAL ACTIVITJES Unre5trict&l Restricted fvn Toral fid$ INCOME AND ENDOWMENTS FROM Donations and legacies 1.965 1.965 Cbarilable activities Accommodation & supp)rt services Advocacy service5 Community dev¢loprnent Childr¢n's nursery 3.194.162 3,194.162 7,546 49,017 480.443 49,017 480.443 Invesknent incom¢ 873 873 3.734.6 3,734.006 Page21 continued...
LIMITED TFS TO THE FINAN IAL sTATEmE- continued FOR THE YEAR ENDED31 MARCH 2023 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES- eontlDed Unrestricted Restri¢ted fid$ Totsl EXPENDITURE ON Charilable activities Accommodation & support seThices Advocacy services Community development Childrens nursery 3.064.489 25221 67.976 480.443 3.064.489 25.221 67,976 480,443 Tot*1 3.638.129 3,638,129 NET INCOME 95.877 95,877 RECONCILIATION OF FUNDS Total fifftds brought forward 529.017 529,017 TOTAL FUNDS CARRIED FORWARD 624.894 624,894 ii. II¥TANCIBLE FIXED A&SETS Goodwill COST At l April 2022 and 31 March 2023 4.000 AMORTISATION At l April 2022 and 3 1 Marth 2023 4,000 NET BOOK VALUE At 31 March 2023 At 31 March 2022 Page 22 ¢ontinued...
SHAP LIMITED NOT TO THE F114ANCIAL STATEMENfs- eontttstted FOR THE YEAR ENDED31 MARCH 2023 12. TANGIBLE FIXED A&SETS Freehold property Long lehOld Plant and machinery COST At l April 2022 Additions 82.5 1.055,809 137,122 134,917 9,788 At 31 March 2023 1.138J09 137,122 144.705 DEPRECIATION At l April 2022 Charge for year 3.3(Kl 13,900 5.484 2,741 134,917 At 31 March 2023 17200 8.225 134.917 NET BOOK VALUE At 31 March 2023 .121.109 128,897 9.788 31 M&Tch 2022 792 131.638 Fixtures Motor vehicles ffttin8S Totsls COST At l April 2022 Additions 73,875 40.635 469,049 ,065,597 31 March 2023 73.875 40.635 1.534,646 DEPRECIATION Al l April 2022 Charge for year 73.875 40.360 275 257,936 16.916 Ai 31 Mah 2023 73.875 40.635 274.852 NET BOOK VALUE At 31 March 2023 1.259,794 At 31 March 2022 275 Page 23 continueAJ...
SHAP LIMITED OTES TO THE.FINAJ¥CIAL STATEMENTS- CODtinued FOR THE YEAR ENDED 31 MARCH 2023 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade debtors Other debtors 340290 39.135 272,692 85.251 379.425 357,943 14. CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 31.323 31.3.22 Bank loans and overdrdlts {5ee note 16) Trade creditors Social security and other taxes Acctuals and deferred income 35,055 99.142 38.037 300.507 151222 36256 339.127 472.741 526,605 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.23 31.3.22 Bank loans (see note 16) 730,073 LOANS An analysis of the maturity of loans is wven below. 31.3.23 31.3.22 Amounts falling within one year on demand: Bank loans 35.055 Arnounts.falling between one and years.. Bank loaTL5. 1-2 years 37,277 Amounis falling due between two and five years: Bank loans. 2.5 years 119,583 Amounts falling due in more than five years.. Repayable by instalm¢nts: Bank loans more 5 )w by instal 573213 Page 24 continued...
HAP LIMITED TO THE FINANCIAL STATEMENfs- eontinued R THE YEAR ENDED 31 MARCH 2023 17. SECURED DEBTS The followang $¢cured debts are iluded within crediwTS'. 31.3.23 31.3.22 Bank loan5 765.128 The bank loan is secured by a debentwe creating a fixed & floating charge over the assets of the company and a legal first charge over (ktavia COUQ Byrort Clo& HUykn Livtswl. 18. OVEMEIYT IN FUNDS Net movement in knds Transfers At 31.3.23 At 1.4.22 funds U*restrlckd fthttd$ General fund Desi8nated unrestricted fimds 349.894 275.000 68,644 (40,994) 40,994 377,544 315,994 624.894 68.644 693.538 Restricted fuDds Asylum seeker/refiJgee support fiu 10,053 10,053 TOTAL FUNDS 624.894 78.697 703,591 Net movement in fimds, included in the alx)ve are &% follo%.. Movement in fimds Unrestricted funds General fijnd 3.967,899 (3,899255) 68,644 Restricted funds Asylum seeker/refu8ee Supp fiThJ 25.000 (14.947) 10.053 TOTAL FUNDS 3.992.899 (3.914202) 78.697 Page 25 ¢ontinued...
HAP LIMITED NOTES TO THE FINANCIAL STATEMEN - eolltinued R THE YEAR ENDED31 MARCH 2023 MOVEMENT IN FUNDS- tontiDued Cofflpar4tives for wivement iti fllnds Net movement in fi1JS At 31.3.22 At 1.421 Unrestrieted fthd$ G¢n¢ral fimd tksignat¢d unrestri¢¢ed fimds 254.017 275.IXKI 95.877 349.894 275,000 529.017 95,877 624,894 TOTAL FUNDS 529.017 95.877 624.894 Comparative net movement in fund4 included in the above are as follows". In¢oming Movemeni in funds expended Umres¢ricte41 funds General fund 3.734.(M)6 (3.638.129) 95,877 TOTAL FUNDS 3.734.(M)6 (3.638.129) 95,877 A current year 12 months and prior year 12 months combined Fl(lOn is as follows.. Trdnsfers between fimds movement in At 31.3.23 At 1.4.21 Unrestricted fuDd$ General fid DesIgned unre5rriCt&l funds 254.017 275.lYX> 164.521 (40,994) 40,994 377.544 315.994 529.017 164.521 693.538 Restricted fuDds Asylum seekerlretye support fijnd 10.053 10,053 TOTAL FUNDS 529,017 174,574 703,591 Page 26 continued...
SHAP LIMrrED TES TO THE FIf4ANCIAL HE YEAR END TATEMErs- cootiThvod I MARCH 2023 18. MOVEMENT IN FUNDS- contiDy¢d A current year 12 months and prior year 12 months mbined Det ny)vemeM in fiJnd& in¢luded in the alx)ve aTe os follow5- Incoming Movem¢nt Unres¢ric¢¢d General 7.701,905 {7.537.384) 164.521 Restricted funds Asylum seekerlrefugee support fund 25,(X)O (14,947) 10.053 TOTAL FUNDS 7.726.905 (7.552.331) 174,574 19. RELATED PARTY DISCLOSURES S Cotter-BuTge55, durtng th¢ year. a direthor in Merseyside Law Centre Limitr4J. A balance of £nil {2022 £3.763) was owed frorn Merseyside LAW Centre Limitrd at the balance sFet date. 20. ANALYSIS OF FU]¥DS Design4ted uTrrt5trirt¢d funds Funds transf¢r At 1.422 Ai 31.3.23 Closurelredurtdancy costs Children fouTKlation 275.LNYJ 275,000 40,994 40,994 275.000 40,994 315,994 closurUndaftCY costs . Costs designatrd for reco8nised risk of losing a signifi&1 number of servic¢ contracts and the subseqLnt loss of jobs that this would eAKail. Children foundation - Costs designated for the future transfer of the children's nursery into a new charitable organis*ion. Page27 ontinu¢d...
HAP LIMITED NOTES TO THE FtNANCIAL STATEMENTS- tontinlled FOR THE YEAR ENDED 31 MARCH 21123 21. DEFERRED INCOME Deferred income comprises grant income received in advance from block contracts relating to s¢rvic¢s to be provided during the year ending 31 March 2024. Balance as at l April 2022 Amount released to incomin8 resources Amount deferred in year 25,824 {25.824) 25,942 Balance as at 31 March 2023 25.942 Pag¢ 28