REGisfEBID COMPANY NUMBER: 01946544 (E*gliDd 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 Fill*Dei*l Aetivities 13 Balance Sh￿t 14 to 15 Casb Flow Ststem¢mt 16 Not¢5 to the C4sh FIDW S¢*temeot 17 Notss to the FIti*￿ti*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 A￿￿TIEs 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 develo￿1 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 Tn￿two￿hy. 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 apT*oach aThJ rewrtsive to people's needs Positive: looking for solutions. problem4 bein8 helpfvl atyj confidenL effl￿wer1n8 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 I￿r attIts￿eS and prdetices Resp¢ctful: being gfflerous in spiriL making people feel they matter, Th)t judging and tjot di￿riminating 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 i￿luding ￿PIe disT>la￿j from Afghanith. Quality Assurance SHAP holds the ISO 9(KII:2015 quality mark a￿1 following Te-insp*tion in 2021 we We￿ re-accr&4ited ft*r a fi￿r 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 SI￿1f1￿1]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 Se￿re 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 r￿st of living crisis has seen Signifi￿￿t cost pr¢55ures ¥ross all are&s of SHAP'S activity and is i￿r￿1Thg the lev¢ls of hardship fac&1 by many of our servtce Iisers. Page 2 LIMITED GIST RED NUMBER. REPORT OF THE TRu￿EEs 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 ¢ollaI￿aliveIY 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 T￿￿teeS believe that the charity remains a going Co￿eM 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 lo￿1 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 fina￿la1 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 fi￿derS 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 I1￿t 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 sib￿lion 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 fi￿J Page 4 SHAP LIMITED REGI￿ERED ]¥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 opporturtii*S 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 oi*n ￿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 str*gic 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 l￿W 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 8￿ant¥ 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 T￿￿ee$ are ¢l¢c¢¢d to s¢rve for a period of thre¢ y¢w5, after which tlw may be re (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 si*terneDts The financial ststements of the Ghari¢able ¢ompany, *thi¢h t5 9 public b￿￿fit entity under FRS 102, have been prepared in a￿ordance with the Chariiies SORP (FRS 102) 'Accounitng a[￿ ReTK)rting by Charities.. Ststemeni of Recommeftded Praciice applicable to charities preparing their accounts in a￿ance 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 t￿orManCe 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 perfo￿anCe. 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 C￿￿ty ha5 eniitlem¢nt lo the fimd4 it is probable that the income wll bE Teceived and the amount can be rneasured reliably. EXpEndit￿re Liabilities are reCo￿lSed 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 ￿0￿nI 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 fi￿CtIOnS have been alliKawl to xtivity cost catrgories on a basis consistent with the ￿Se of resources. T*ngibk 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 Ca￿Ory of resou￿ eX￿rtded 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¢rn￿t 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 St￿eMent of Financial Activiiie5 on a straight line basis over the perioj of the lease. DONATIONS AND LEGACILS 31.3.23 31.3.22 Don￿lOn$ 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 servI￿S 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(cr￿llI7ft￿). 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 fi￿d$ 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- eontlD￿ed Unrestricted Restri¢ted fi￿d$ 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 le￿hOld 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 Ma￿h 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 $¢cured debts are i￿luded within crediwTS'. 31.3.23 31.3.22 Bank loan5 765.128 The bank loan is secured by a debentwe creating a fixed & floating charge over the assets of the company and a legal first charge over (ktavia COUQ Byrort Clo& HUykn￿ Livtswl. 18. OVEMEIYT IN FUNDS Net movement in knds Transfers At 31.3.23 At 1.4.22 funds U*restrlckd fthttd$ 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 fi1￿JS At 31.3.22 At 1.421 Unrestrieted f￿thd$ 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 F￿l(lOn is as follows.. Trdnsfers between fimds movement in At 31.3.23 At 1.4.21 Unrestricted fuDd$ General fi￿d DesIgn￿ed 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 TATEMEr￿￿s- 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 sF*et 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 closur￿UndaftCY costs . Costs designatrd for ￿ reco8nised risk of losing a signifi&￿1 number of servic¢ contracts and the subseqL*nt 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