DEVELOPING HEALTH AND INDEPENDENCE (Company limited by guarantee no. 03830311 registered charTty no. 01078154) REPORT AND FINANCIAL STATEPIIENTS YEAR ENDED 31 MARCH 2023 Report and A(xxJunts DEVELOPING HEALTH AND INDEPENDENCE (Company Ilmlted by guarantee no. 03830311. reglstered charlty no. 01078154) REPORT AND FINANCIAL sfATEMENTS Fortho yèar onded 31 March 2023 CONTENTS Lggal and admlnlstratlvo Infornation Trusto0'8 roport Audltors, report 11 Statement of flnanclal admtles 15 Balance sheet 16 statsment ol ¢a6h IIow8 17 Notes to the financial statsments 18 Prfor yoar ststemont of flnanclal a(alvltlo5 37 Prlor year analysis of funds DEVELOPING HEALTH AND INDEPENDENCE REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARIIY, ITS TrUSTEES AND ADVISERS For tho year Ondod 31 Mar¢h 2023 Trustees Ms Myriam Kn￿et(￿ (Char from 14 October 2022) Ms Llnda CaTKty (Chair, r85￿￿ned 28 July 2022> Mr Nm Marvell Ms Katharine Hegaty IReskJned 13 September 2022) Mr Dav*J Ollendorff Mr Chrlstopher Oliver (VIGe Cha￿) Mrs Alison Millar Mr Bob G(x)dman Mrs Joanna Hill (Appointed 6 December 2022) Mr Oliver Hillier (AptKJlnted 6 t>wber 2022) Mrs Susan Hughes (Reslgned 6 December 20221 Mr Ben Harman {Apwnted 6 De¢ember 2022) Key Management Personn Ms Rosemary Phillips- CEO Mr Ben Ham)an- Ctyporaie Serwces & Finan￿ Dlr&tor Mr Davld Waiton - Housing Director (Resigned 23 Septemb8r 20221 Ms Julie Hughes - Treatsnent Sorvices Director (Resigned 7 January 2023} Mr Clrve LewB- A$s￿Late Dir￿tor, c11n￿l Lead Mr Ben Hennes$y- AsscKiate Di￿tOr Communicatlons & Fundraising {Res￿ned 13 December 2022) Ms &len mC￿- Assctiate Director of Wo[￿OrCe Development Mrs Beth Hendry- Operations Direclor (Appolnted 22 May 2023) Mrs Beth Jutton - Associate Dlr&tor Communications & Fundraislng (Appointed 30 January 2023) Company reg. no. 0&930311 Charity rog. no. 01078154 Reglslered 0ffl¢o 14 St James's Par&le. Bath. BA11 UL Accountants Sumer Audtt Charter￿1 A(XXMJntants Cwrt Street Tr￿￿bridge BA14 8FA Bankers Barclays Bank L￿cester Untty Trust Bank pk NirE Brfndley Birmingham, B12HB LE87 28B Soll¢ltors ThkirKJs 2 Oll88n Square Bath, BA12HQ Invostmenl Managgr abrdn 1 G￿e Stre Ed￿￿rgh. EH2 2LL DEVELOPING HEALTH AND INDEPENDENCE TRUSTEES, REPORT Forthe year ended 31 March W23 The Trustees, who are also Dire¢tors of the Company for th8 purtJ)ses of tho Compani8s Act, and Trustees for charity law purpose5, submit their annual rep￿ atvj the fInar￿la1 staloments of Developing Health and Indep8ndence IDHII for the year ended 31 March 2023. The Trusleos hav8 adopted the provisions of the Statement of Recommended PraC1Y￿ {SORP} 'AGcountirKJ and Rep)rting by Charities" {FRS 1021 In preparlng the annual reFM)rt and finan¢ial statements of the Charity. The finan¢lal statements have been prepared in ac£Ordan￿ Y￿th the actounbng poliixes sel out notes lo the accounts and comply ￿1￿ the Charrty's wverning document, th8 Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢able to ¢haritles preparlng their a￿ountS in accordance with the Financial ReFthiry Standard applicable in the UK and Republic of Ireland {FRS 102) effective from 1* January 2019. Chalrfs R8port The past year ha5 been diffitxjlt throughout the workl with counlries strwJling wlth the fallout from the war in Ukraine. political uncertainty, e¢ommic constraints, and th8 impact of global warming. Change in the commissioning environment, wlitical arKI fiT)ancial uncertainty. and grOv￿r￿ inequallty result in an increased demand for (xjr serv￿£$. DHI has f￿ed these challeTrJes wth its usual equanimty and recognised that il needed to change to achieve its purpose. To thi5 end. the organisalion has invested in a Transfomialion Prcgramme led by a new temwrary DIr￿r and a new pemanent role of Dlrector of Operations. The financial environment continues to be very challenglw aThJ most of our fU￿17￿j contracts ￿11 be recommissioned within the next few years. We kr￿ that most of Ihese wll require high-quality servi¢6 delNery within a staliG budget for up to five years. We are woll placed to win the contract5. bul we cannot be complacen( and we are inveslirrfJ in our ￿ lo Trplp us provlde more cost-effectNe inteTvenlions for our dients. DHI had many Succes￿ durlng the year, de5Plte drrrrult ¢ircumslan¢x. Our government funded crimlnal justlce drug treatment servl(ts, continue to provhje continuity of care from prison to the tx)mmunity and many more propert188 have been a￿￿Ired frorn Resonance. wh￿h allows us to supwrt many more people that are underprivil8ged. The Wrap lour young p8rsons' digital plaffomi) continues to be In high demand, and we have expanded our peer progrdmme. DHI'5 Innovative and flexible approach lo challeng8s aThJ increased ￿d5 continues lo serve it well. Starting upstream to deliver earty inteTvenlions to wevent more com ￿eX prO￿eMS arising where we can 15 central to our strdtegy movirKJ fo￿ard. We know that the futUTe promises to lest us aTKI we feet ¢onfident that the new strucbjre we have put in place will help us lo meet the increased demand for our servlc8S. to improve our service delivery al￿ provid8 more opportunities for peop18 or) the margins of s￿iety. None of our ambitions can be delivered without dedicated and passionate peopk8 and I would like to express my gratituée to all those involved in supw)rting or running th& organtsation. staff. volunteers. partners, and peers as well all the Board members. I know that they wll continue to WOTk tirelessty lo ensu￿ that th& most vulnerable and disenfranchised people in our SOLxety ￿11 have better oppothnlties in lrfe. OurPuryx)5B To Telieve povety, sickness and distress in particular but wthout limitabon amongst persons sufferi as a re8uIt of dnjg and alcohol abuse and Aousing need. ihrough the prov￿lon of practical assistanc8 an advlc8 of all kinds including, without limitslM)n. rehabilitation and Tosettlement and PTovision of social housing lo the homeless and those at risk of homelessness, and 8ducation, 18gal and medical advice. counsdllng and assistance. To educate the pUt￿lC In the effects of drug and alcohol abuse and h(xJsing negj. To pursue any other charitable purF#)se, th8 Board of the Charity thinks frt to pursue in (x)njunotlon with any of the ¢harilaNe F)urposes. mentioned abov8. DEVELOPING HEALTH AND INDEPENDENCE TRUSTEES. REPORT For th8 year ondod 31 March 2023 The Charltys vlslon DHI helps dlsadvantaged peO￿e to their lives 8round. Sland on their own Iwo f8et and redLKe dependency. DHI is flexible. creative and person￿ntre￿ in its approach, valuing each IrKlividual and hls or her drcumstan¢es as un￿ve. The Charlty's valuos SeFf.Llirection'. to enc￿rage intsperKlent ttwht, aGtion and self-resFe Stimulation.. lo offer a stimulaljng envinjnment allowiro innovalion and ¢realivNy lo fknurish In In(fMduaLq, Zest for LKe: In so far as tt is not damagir#J to self. olh8rs or Ihg envtronment, to enable Indlwduals b pursue goals that further their hapPI￿$S and joy of lif8. Fle￿bIl￿. underpinnlrvJ all (Mjr efforts L8 the n*J to bo OF￿, ITexible ￿ responsiv8 to ¢haro8. Th8 Charity's actlvltl89 Few, rf any, of our clients com8 with a single issue so we WOTk with the person to find and resolve tho root caus8 of their issues. We help people through highly pr&tical, sdution f￿Sed and innovatlV8 projects and seTvices. These indude". supported housing &8 well as general needs houslng for thos8 on no or a low inoome, resettlement arKI floating support seNices, dwg and alcohol treatment, emI0￿nent reintggration, social prescrlbing, information. advice and signposting. The Trustees have referred lo the gUIda￿e in the Charity Commission's general guidance on public benefit vthen reviewing the Charitls aim5 and oweclives and in ￿annIng tho Charivs future aCt￿ll1eS. In particular, the Twslees havo considered how planned acIN￿'eS wll ￿ntribUte to the alms and objectives they hav8 set, Achlevements and perfomianc• During the 2022123 finan￿al year there was strong growlh. with a nel incroase in the Charity's incoming resources of 16.02% {2021122'. increase of 4.8%). The Chariws movement in fijnds during the year ntributed an additiond £157.888 (2021122: £19).877) I0￿eT¥0S. This was driv8n by a number of factors. itKluding new fuTKling for uiminal justlce work within Irealm8nt seTvices, as w811 as strong perfomian¢e agaln$t the Charrvs key strategic obje¢tlv65, as lahj out in our Balanced Scorecard.. Keeping young people safe through educath)n 8nd earty interventi￿. IrKreasing a(x*s5 to afftjrdable housing for all. Supporting health serwces through strong Prfmary Care partnerships. HNJhlights for the year i￿￿de.. DHI'S treatment services benefftted from a Supplemental subStarn￿ Misuse and Treatment and Recovery Grant, enabling us lo establish seTvices to focus on t￿e wtth the most com￿0X r￿ed8. and supporting c118nts to overcome barriers such as homelessness and mentsl ill health Consolidation of OLtr Avon and Somerset wde criminal just[￿ ServI￿S DHI secured a Contr￿ from NHS England to deliver Menlal Health Treatment RequiTeTll8nls across Avon & Somèrsèt. Thls was first lime MHTRS have been Set up in the Avon & Somerset ar8a, and was also a first fr)r DHI. This is notable as this signifies a signffl¢ant strategic develDpmerf for DHI, running a spe￿alISt mental health contract dir8Ctty for the r￿St time. DEVELOPING HEALTH AND INDEPENDENCE TRUSTEES. REPORT For th• yoar ended 31 March 2(Y23 We retende￿d suc£esthlly for a remodeled young p8rson's ser￿￿ in Wlltshlr8. Service innovations, such as the Wrap and RHSE18sson plans signifyirrfj a change in strategy to deliver eady brief interventions. We secured our first Integrated Care Board contract from Bristd. North SomerseL South Gloucestershlre {BNSSG}", worklng vAth primary care, DHI are delNeriTrJ educatM)n. SWPDsUng and brief Interventlons for people eXperIen￿ng chronic pain. With fvnding from Wesl of England Combined Authority {WECA) y￿ developed our Peer Academy, which has developed trainirng and qualrficatiovjs in peer mentoring for dients in recovery In a variety of selllngs We exceeded all largels for increasing unils of arrordable accommodation, The propety hendover from Resonanc8 was completed at the eTKI of flnancial year, and we svJnffi¢anUy exceeded the target for affordable leased aocomTnodation wthin the prTvate rented sector, 5￿u￿ng 108 new unts. In terms of impact, DHI supported 10.619 people. their famili85 and carers to be more Independent and lead happier, more fu￿111ng lfves. Thls ioduded.. Our Reach housing ￿1VICe Service helped 845 people io find or maintain suitable housing 495 people left our adult treatment services haviThJ stopped using drugs or alcoh)I 563 young Fxople were ￿lped by our ded￿ated treatment services for young peoFrfe 129 peers (someone who Ljses their own experi8nce to help others going through slmllar sltuationsl supported DHI'S work Flnan¢lal R¢vlew Income DHI'S total Ir￿Me increased by £1,068,815 (16.02%) this year from £6,O71.412 in 2021122 10 £7,740,227. Driving Ihls Increase is additional in(x)me r￿e1v￿ to ddiver new servKes such as criminalJuslK* workwlhin trealmenl $eNWXS. A detailed anatysis of income is in the Statement of FInan￿al Actwitres (SOFA) and Notes 2 - 3 of the Financial Statements. Expendtture Total spending on charilable actNities for the year of £7,581.81X) represents a 16.6% in(xease In expenditure from 20211221£6,504,9461. The increase in expenditure reflects irKreased irKome for new servKes. Further analysls of charitable aclvlty expenditure. shcwing the OFEratK>na a￿￿ritIeS undertaken by DHI are gNen in the SOFA and in Nole 5 oflhe FI￿￿L91 Statements. Fund Anatysls Th8 Board Gan ￿nfirM that the Charlty's assets are available adequate lo fulfil th8 obligations of th8 Charity on a fund-by4und basi5. Inwming resour￿ for the year of£7,740,227 {2022: £6,671,412) included £15,000 of restricted furnls (2022: £52.052). Of the £5,061,653 fLJnds retained at year end {2022.' £4,91)3,785), £3,395.362 were desvJnated {2022'. £3.511,063) and £60.232 were reStr￿d {2022'. £85,619). Futher anatysis of deS￿nated and reslricied funds is shown in the SOFA and Noles 1 &16 of the FI￿ar￿SaI statements, Rgs¢rves Pollcy The Board has examined the Chariws wuirements for reserves in tho light of the maln financial risks to th o￿niS01￿)n. Wrthin DHI'S Reserves & Invfjstrnents PoliLy, to ensure the flnancial viability of the Charity and tts ability to meet its on-wing LX)mmitments, the Board have determined that Reserves should be maintained al three to slx months organisalional 0￿ratiOnal Costs, For 2023124, budgeted monthly operating costs are £￿7.379. Th8 oryJanisalion holds £1.606,059 (2022: £1.307.103) in General Funds. equating to 1.77 months. The DEVELOPING HEALTH AND INDEPENDENCE TRUSTEES. REPORT For the year ended 31 March 2023 Trustees expect level of General Reserves to in¢rease to be closer to the in 2023124. In addition, the TnJ8tees require that Free Reserves remain in surplus. This was the case on 31 st March 2023. Furthennore. the Trustee5 require that working capltal should be maintained b81ween three and six months, average expendTture lo m88t on￿)r￿ commlbnents thr￿hout the year. At 31 March 2023, the organisation held £1,812,817 (2022 £1,4￿.029} net r#Jrrent assets (curr8nt assets after deduction of creditors due within a yearl equating to 2 months cash or cash equivalents to meet average expenditure. However, aft8r factoring in the Fixed Asset investment portfolio of £701,073 that can be liquidated Into in five days. there are 2.8 months cash or ca8h equNalents to meet averag@ expeftd￿re. The Board do feel confident DHI is able lo conlinue ￿ cor8 ￿t￿Ille$ of th8 Charity In the event of a significant drop in fundlng, whilst cor￿Ideri￿ h(yw any such loss in fijndiry could be re￿a¢ed or actlvili chang8d. The Board is committ&Y lo InvestiFYJ addl￿nal resources for the purposes of devBlopiw services to our cllent group. Several opportunitles are king revithved and weighed against the need to maintain our serves in th8 volatile fundlThJ environment. wh￿h we and 0th8r similar organisatlons kn. Investmonl Pollcy DHI Is committed to maintaining funds In Instsnt access accounts to meet all the day to day needsfor workirYJ capital. Any funds beyond this. and not required for development of the Charity's activities in the short term, will be invested In low to medium risk inv8Stment or deFKBil aCc￿nIS, revl8wed a￿1 Tecommended by the Audit Committee and approve(I by the Board. DHI'S CPHtsAkl FOundat￿n {CAF) trwthT￿rtfvnd has deLYea$ed by 3.92% to the end of2022123 arKI the Trustees continue to review performance. Princlpal R18k8 and Uncertalntles DHI has a Risk R￿ISter, wh￿h is a Stand1￿ tlem for rewew by the Board. Th8 procedure lakes into account all major risks that the Charity may be exwsed to in terms of likelihood and impact on the business rf they happen. Thls review irKludes the operational, reputational. and financial imp* comblned wth a'likelihood. score. The fN8 highest rfsks Identifi￿ by DHI through its Risk Management Plan are: Changing and unstable commissioniDg landscape, whlch wvers a variety of issues Including lack of relationship or contact with new btmjies such as the ICB'S Yth￿h are more dlstant, impenetrable and far less aGcx)untable. Mitigat￿n.. Continue to keep abreast of ¢harrfJes and be quick to build rapport wlh new commissioniw t*)di88, in part￿lar the Integra￿￿ Care Boards, to ensure their awareness of th8 impaGt of our work. Cost of livintyinflalion. wh￿h puts increased pressure on the cost baso across DHI, atKI is of part￿lar concern in relabon to housing. miENJ8t￿n.- Anticipate and plan for a worsening finan¢lal climate by ulilising and developing digital techn￿09Y. self-help tools and peer Supp￿ to meet the needs of clients,. review th8 HTL Business Plan and other DHI building5 to remain un suitableffiexlble lease a￿angeMentS with fewer fixed sites.. implement the IT strdtegy to support hybrid wDrking,' review key contracts al each board meelir¥J.' review our procurement [K)I[￿ approved supplier list., implement our 30-y8ar investment S¢1￿Ule for prop8rty maintena￿, and ensure we have suffi¢i8nt freety available assets lo overcome the effect of high innallon. DEVELOPING HEALTH AND INDEPENDENCE TRUSTEES, REPORT Fortha y8aT endod 31 Mar¢h 2023 Fallure to achieve Registered Provider sta￿$ arKI the impact on our social housing, in partlcular Burllngton Street Project, ovrllagship supwrted Iv)using t*oiecL and RSAP. Mil￿&U0n.' Negotiate oversight role with Ihlrd party RSL and increase rents to ￿(x)Unt for added transaction cost.. review HTL Buslnesg plan and strategy. Recrultment and r8tention challenges- the failure to have and hdd gOC￿ personnel owing lo challenge8 th pay as a result of shortage in recruitment market and infiatlon pressures. as well as that resulting from continued grovAh. m1tigatK￿.' Increase staff productivity through upstr8am s8rvic8 ddTvery to ensure just enough support at right lime- development of adull digtial self-hdp and guided help platft)ms,' develop Th8 Wrap and WebFAM fvrther., develop a pain mawment portal: implement a workforc8 strategy to ensure we attract those that frt with our values.. recruit a DIr￿r of Transfomiation lo work through the ¢haro8s that will allow us to WOTk more efficienuy. Agelng ICT Infrastructure, potential securfty brea¢h8s a￿1 information gov8manc8 remaln key rlsks. Mi¢￿allon.. Implement our IT strategy, including the cx)mpletion of our ongolng investment prwamme to upgrade our IT infra$tru¢bJre and migate core swvkes to the cloud", upgrade key business applicatlOll8. Golng Concern On revlewing DHI'S budgets and tMJsiness plan, taking aCc￿u￿1 of the (￿rrent ecommlc dlmate and Its reserves position, the Board has 8 reasonable expectatlon that the OTganisatlDn has adequate resources to continue In operational existen(xforthe foreseeable future a￿fj for this reason it continues lo adopt Ihg going conceTll basis in th8 financial stalemenls. Plans for the future With the a¢Jded crisis of infiallon, wdening inequ81ities and deep poverty (I￿lUding a rise in drug related deathsldeath5 of despair) leads lo increased demand on all DHI'S seNkes ultimate￿. including the fact that stalulory services tend to raise the￿ thresholds when demand in¢wases. The challenge of meeting growing demaThJ for our semces is Ilkely to be (x)Mr￿1nded by the impact of irfflatlon on the jobs our staff do and on their s8laTl8s, a5 well as a natiorbal social care re(xutim8nt issue. DHI has certainty witnessed unprecedented recruitment issues over the last years. While we continue lo i[￿reaSe funding from non4ontr&t sources, we rèmain rellanl on our core stalulory conlr&ts and the challenge is to delNer models that meet requiremenls of (x)mmissioners, ￿lIe ensurlng we support ¢li8nts to overtx)me or improve the n￿lIve impact that drugs, alcohol or homeless has on their Iw&s. zero infiation Gontracts. We must a150 advocate for investment in our area of work vith key stakeholders. Our key strategies to meet the ch8llervJes of this) i￿lUde. Adopliro a IT￿re person-centered appn)ach. emphasyziro partnershlp and brokering wth community services. Developing earfy interventlons and briof interventKJn programs. ind￿ling web-based support and seff-help InilialNes. Continually enhancing our peer infrastructure and supwrt services. Achieving higher throughput 8rKI improv￿1 outcomes as a resUtI of Ih& afor8m8ntioned strategies. To ensure the success of such S￿n￿Ka￿l change $0 that it is fulty embraced by staff and frt for purpose, DHI has recrulled a Director of TransfornalKJn. DEVELOPING HEALTH AND INDEPENDENCE TRUSTEES. REPORT For tho y￿r ended 31 March 2 Affordability in the tKJuslng sector, how8ver. remains a sEnfficant chall8nge to our service users and strategy and we need to ￿vIeW L'9 business model In ligm of proposed new refornis and rising mortgage rates. So while the delivery of affordable housiro remains Ghallenging for DHI, Tt is still a fundamental part of our response lo sooal ex¢lu$k)n, ￿ remain committed as demonstrated in our new 3 year Buslness Plan's overarching Stralegic Ob￿Ct￿e5 2023-6: Foundation Needs embodded in all areas of kfd¢ll¢e (safety, housing, food, finance> A person cent￿d harm reductTh approach to drugs and other lrfe Ilmlting behaviours Communicating Impacl to ensure the needs of th)se who are most exduded ar8 met structure, Governance and Manag8merrt The organisalion b a Charitable Company limited by warantee. incorporated on 23 August 1999 and registered as a chadty on 10 November 19Wa. The Company was establSshed uThJer a Memorandum of As80ciallon. wh￿h eslabllshed the objects and powers of the Charitable Company and is 9)vemed under its Artldes of ASSOCI￿rOn. The Board Is elected from ils membership by its members at eitlw ils AGM. or, where a vacanoy exists, at any time beiween AGMS. DHI'S Board consists of up to 10 members meet at least four times a year and vl)o are responsible for the strategic dlrectlon and ￿)v￿Anan(￿ of the Charity, agreeing the business plan, monitoring Txogress toward achievement of organisational goals. re¥￿1￿ operational Perfornian￿ and overseeing the management of organisalional risk. Meetiros must bo quordte wtth the attendance of a minimum of three Trustees, and each meeting is formally rninuted. A r8gister of attendar￿ at Board Meellngs is maintained and tFTe attendance Tate for the ye¥ by Board Memb8TS was 1(KJ%. The Trustees confirm that tlw havo coM￿￿j Mth the duty in Seclion 4 of the Charities Act 2011 to have due regard to the publlc benefit guidance publish￿1 by the Charitycommission. An Audit Commrttee wn$lsVrKJ of three TTuslees, the Cn. Conclu8lon8 relat¢d to golng concern In auditing the financial statements, we have concluded the truste8s' uso of the ￿Ing concern basls of accounting in the preparation of the financial statements 18 apwopriate. Bawj on the work we have perfom)ed. w8 have not Mlentl￿ any material uncwtsintie8 relating to evenig or condltions that, Individually or collectNety. may cast significant doubt on the charitable company's ability lo continue as a going concern for a wiod of at least tweNfe months from wh8n the finanGial statements are aulhorfsed for issue. Our responsibilities and the reswnsibilities crf the Irustees with respeci lo golng concern are de5cNbed in the r81evanl seclons of this repoTL 11 INDEPENDENT AUDrfoR'S REPORT TO THE MEMBERS OF DEVELOPING HEALTH AND INDEPENDENCE Other Infomiatlon The other information comprises the infomation induded in th& trustee's annual retMNI. olh8T than the financlal ststements arKI our auditorfs repcrtthweon. The trustees a￿ resFx)n5ible for the other Information contained wthin the annual report. Our opinion on the financial statement8 does not cover the other information and, 8xcept to the extent othepNise ex￿￿rtlY stated in our report W6 do not express ary form of assurance cortluslon thereon. Our r8spon8ibility is to read the olher information and. in doing so, consider whether the other infomiauon is mal8rially irKonsist8ril with the financial statements N our knowledge obtair￿d in the cwrseof the audit or olherwse appear5 to be materially misstated. ff we identify such material inconslstencies or apparent material misstatements, we are require<1 to detemine whether this gives rise to a material misststemenl in th8 financial stat8m8nts themselves. If, baged on the work we have perf0M￿l, we conclude that there bs a Mat￿la1 mi58tatement of this oth8r inforniat￿jn,' we ar8 uired to report that fact. We have nothing to report in thi5 regard. Oplnlons on other mattgrs prescTlbed by the Companie5 Act 21)06 In our oplnlon, based on the work uThJertak8n in the (x)urse of the audiL' th6 information gNen in the trustees. rep(xt {l￿Or8￿.￿J the directors, r8t*Nt) for the finandal year fcr which the financial ststements are prepar&Y is consistent wth the fltFanclal 8tatpmellts,' and th8 tnJ8te88' reptKt has been prepar&J in acc(*da￿e wth ap￿1¢able legal requirements. Matters on which we are required to rgport by exceptlon In the light of our knowledge and uThkntanding of the ¢haritaiJe C4)mpany and its envirC￿Ment obtsin8d in the course of the audiL we have not identified material misstatements in the trustees, report. We have nothlng lo report in T&spect of the fdl(yMng matters v1h￿e the Companies Act 2006 requlres us to report lo you rf, in our gjinion.. adequate accounting records have not been kept or rettjms adequate for our audit have not been recetved from branches not visi￿j by us. the financial statements are ￿t in agreement ￿ the a(xwnting recth5 and retums: or cwtain dBclosures of trustees, reMUn￿*l0n Speciff￿ by law are not made", or we hav8 not rewved all the information and explanations we require fr￿ our audit,. or the tTUStees were not entitled to tak8 advantage of Ihe small ccNnpanies exemption from the requirement lo prepare a Strateg￿ report or in preparing the trusiees. report. Rosponsibilitigs of trustoos As explained morefully in the statement of trustees, rest￿sibilities, the trustees (who are also the directors of Ihe charitable company for the purws85 of company law) are responsib18 for the preparation of the financla1 slatements and for being satisfied that they give a true and fair view. and for such inlemal control as the trustees detemilne is ￿￿essary to enabl8 th8 pr8paralion of financial statements that are free from material misstatement, due to fraud or 8fror. 12 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DEVELOPING HEALTH AND INDEPENDENCE In preparfng the finanGial statements, the tnjstees are responsible ￿ assessing the charitable companls ability to continue as 8 going conwn, discl￿1r¥J. as applkable, matters rdated to golng concern and uslng the going ¢0￿M basis of accounting unless the trustees ￿ther intend to liquidate the charitable company or to Cease operations, or have no real1st￿ altemative Ixrt trj do so. Our rgsponsibllltl88 for the audlt of theflnanclal statements Our oty'ectives are to obtain reasonable assurance about ￿ether th8flnancial statements as a whole are free from material misstatement, whether due tofraud orerror. and to issue an auditorfs report that includes our oplnlon. Reasonable assurance is a high level of aSSUrar￿e,bUt is not a guarantee that an audit conducted in accordance wth ISAS (UK) wdl ahvays daect a materlal m18Statement when it exlsts. Misstatements can arise from fraud or error and are Tr)nshl8red material rf. indrvidually or in the aggregat&, they could reasonably be eXp￿tsd to irffluen￿ the ￿nomiC de¢L8lons of users taken on the basis of these fi'nancial slatements. ITregularities, Including fraud, ar8 instarKx of non-comp15ance wth laws and regulations. We deslgn prO￿dureS in line with our responsibilities. oullinBd abov6, to det￿1 material misstatements In reSp￿t of irr8gulaTities, including fraué. The s￿lf￿ prC¢￿ureS for this engagement arml the extent lo whlch thes8 are capable of dele¢tlng irr￿aUla￿lIes, including fraud is detailed below. Enqulry (rf management and thc6e char￿1 with gDVernaTK￿ abLMJt any known or suspected InstarKes of nOn-￿Mpli?nce with laws and regulations arKI fraud. Reviewing minutes of meetlng dthose Charg￿ gOV8mar￿ any (x)rresFwdence with the Charity CommLsslon Revlewiw ffi￿an￿al statsment disdosures and testiro to suppMxtirrfJ d(￿MentatIOn to assess compliance with applitxble laws arKI regulations Performlng analytical prctadUr￿ to Id￿ any unusual or unexpected relationship that might indicate 2 rfsk of material misstalement due to fraud. Performing audit w(￿k over Ihe rlsk of management override (rf CA)ntrds. including te8tlng loumal entri88 aNi other adlustments for appropriateness, evaluating a range buslness rationale Df significanl transactions outside ￿ course of business reviewing a￿oUntIng estimates. Because of the inherent limitations (rf an audi( there Is a risk that we will not det￿t all irregularities. including those leading to a material misstateTftent in ￿ fironcwl statements or non4x)mpl1an￿ with regulation. This risk in¢reases the mor8 that ￿MplIa￿e ¥￿th a law or regulatlon Is removed from the events and transactions r8fi8Cted in the financL91 statements. as we will be l&ss likdy to b￿Qme aware of instances of r¥)n 17 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the yoar onded 31 March 2023 1. ACCOUNTING POLICIES The principal accountlng policies are summarised ￿lOw. The ￿$UntIng PDllcies have b88n applied oonsislenlly throughout the year and in ts sxecedlng year unless otherwise stated. (a) Genfjral Infom7atlon and basls ofpreparakn offfnanclal statem DHI 15 a charity limited by guaranteo r8glstered in Er￿larKI arKI Wa18s. In the event of the Charity beirlg wound up. the Ilabitlty in respect of the guarantee is limite(I 10 £1 per member of the charlty. The address of the reglstered offic* Is gtven in the refer8nce and aministratiV8 informallon on page 1 of these fina￿la1 statemenls. The nature of the chariils operations and principal actwitie8 are detailed withln the Report of the Truslees. Th8 Char￿ constitut8s a public benefft entiiyas defined by FRS 102. Th8financ￿l statements have been prgpared in acGordance with Accy)unting and Reportiry by Charlties: Stalem&nl of Recommended Practice {SORP) applicable lo charities preparing their FIna￿lar Statements in accordanco with the Financial ReportirKJ Standard aptAicable In the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial ReportirvJ Standard ap￿[cable in the United Kingdom and Republic of Ireland IFRS 102), the Charftles Act 2011, the Compantes Act 2006 and UK General￿ A￿epted Practice. The finawial statements are prepared on a ￿Ing (x)nc*m basts under the hrstorical cost ts)nvention, mc￿l￿e￿ lo include certain items at fair value. The financial statements are prepared in 8lerllng which is functional currency of the charity and r￿jnded to the nearest £1. (b) Fund accountlng Unrestrlcted funds are available for use at the dTscreth)r¢ of the trustees in furtherdwe of the general objectives of the charity and which have Th)t been designated for other purposes. Unrestricted designated funds have been set aside by the trustees out of unrestricted funds lowaré8 a specrfic purpose. Addiiional delails can be found in nole 15 to the Finan¢lal Stalemenls. Resldcted funds are funds vthith are lo bo uwj Sn accordarK* wlth sp￿￿1¢ r6strlctions imposed by dorM)rs or which have been ralsed by the charity for particular purposes. The cost of raising and administering such fijnds are charged aga1T￿l the specffiG fund. The aim and us8 of each restricted fund is set out in nole 15 to the financia1 statements. (c) Income rmnition All incoming r85ourc8s are incyuded In the Statement of FInar￿la1 ActNitses (SOFA) when the charty is 18gally entitled to th8 inoome after any perfornian￿ (x)ndilions have been mot. the amount Can be measured reliably and ti is probable that the In￿Me wll be r￿￿1ve￿. 18 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Mar¢h 2ff23 For dortations to be recognised the charrty wll have been notified of the amounts and th8 setll8ment dat8 in wrllng. If there are conditions att￿hed to the donatk)n and Ihls requires a lovel of perfornianGe before entidement can be obtained th8n income is deferred until those ￿n￿lI￿nS are fvlly met DT the fulfllment of those conditions Is wlhin th8 control of the Gharty and tt is probable that they will be futhlled. Donated facllitles and donat￿ profess￿nal services are r￿gniSed In INA)me at their falr value wh8n tFEir eC0￿MiC beneffl is Fyobable, it can be measured relkabty and charlty has corrtrol over the Item. Falr value is determin8(l on the basis of the value of the grft lo the charity. For example, the amount the charity would be ￿lling ID pay in the open market forsuchfacilities and wvl¢es. A cOrrespo￿lIr￿ amount is recogni5ed in expenditure. No amount Is Included in the financial statements for volunteer time in line with the SORP {FRS 102>. Income from grants, Contracts and serv￿e level a￿eements is wcognised at fair value when the charity has entitlement after any perf0mlar￿e conditions have beon mel. It is txobable that the income wll be recelved and the amount can be measured reliably. If entit￿ment is not mel, then Iheso amounts are deferred. Rental income is Shown net of any assrxiated expenditute in order to show mor8 xcurately rental income actualty due to the ¢harlty In the year and is reCogn￿od when receNable. Interest on fvnds held on d8POSIt is i[￿luded when receivabl8 and the amounl can be reliably measured by tho charrty., this is nornially upon rntif￿akn.0n of the interest paid or payable by the Bank. (d} Expandlture recognltlon l expenditure is accounted for on an atThJals basis and has been dassified utvjer headings t1￿1 aggregate all ¢osts ￿lated to the category. Expenditure i% reciyni8ed where there 15 a lègal or constructive obllgation to make payments lo third parties, it is probable that the settlement wll be required and the amounl of the obligation can be measured reli4bly. Ex￿ndit￿r8 a￿ludeS any VAT. which cannot be fvlly recovered, and is re￿￿rted as part of the expenditure to whmth it relates. Charitable expermliture comprises thos6 costs Ir￿rred by the charlty In the deliv8ry of Its a¢tlvities and sorvices for Fts beneficiaries. It indudes both costs that can be allocat￿ difftGdy to such act1vitiBs and tfrKise costs of an indir8Ct naknre. Governan¢g costs indude those (x)sts associated with meeting constitutional and statutory requlrem8nts of the charity and Include the audit fees and costs linked ￿th the Strateg￿ management of th8 charity. Expenditure dir8clly attributable lo a s￿￿fiC athity ¢alewy {e.g. charitabl8 aclwities, governance Costs) has been induded in tho relevant category. Where costs are attributable to more than one activity, they ar8 apportioned across activities based on the time S￿nt ty staff on thos8 ￿t￿ltieS and their use of shared r8source8. 19 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For tha year endad 31 Mar¢h 2023 {el Support Costs allocatlon Support costs are those that asslstlhe work of the charity but do not diredy represent¢haritable actNiti8S aTMJ include off￿e costs. goveman¢e costs. administralr¥e payroll CDsts. are Incurred dlrectly in support of expendlture on the objects of the charity ar￿ irKlude project management carTied out al Headquarters, Where sUPPOrt Costs ¢annot be dIr￿tty attributed to particular headings they have b8en allocated to cost of ratslng fvnds and expenditure on charita￿8 actNilie8 on a ba81s conslstent with us8 of the resources. (4 Tanglble fixed assets Fixed assets are stated at cost less ac￿Mulated d8pr8ciatiun. DeprecEatKfyn is provided at rates calculated lo write off the cost of exh asset on a straigm line basis OV￿ Ils expected usefvl lrfe, vknich is four yeatE for all assets exceptforfreehokl prot* whK* Is deprecwted over 50 years. Assets costlng over £1,OCQ are caplialtsed. (g) Investments Investments are re(a)gnBed initialty at falr value is nornialty th& transaction Txlce exduding transaction costs. Subsequerrtly, they are measured at fair value wlh changes re￿gnISed In'￿ gains l (losses) on investments. in the SOFA rf the shares are publdy Irad&J or their fair value can Other￿Se be measured reliably. Other investments are measured at cost less impairment. (hj Debtors and credith ro¢¢ivabl¢ /payable wlthln one y Debtors and creditors wth no stated inlerest rate and receNable or payaNe wthin one year are recorded al transacth)n pri(x. Any losses arSslThJ from impairment are recognised in expenditure, (Q Loans and bornowing$ Loan$ and borrowings are initialty recognlsed at the tran￿tion prke I[￿uding tranS￿tIOn (x)5ts. O) Provlsions Provisk)ns are recognised when Ihe charity has an obllgation al the balanc* sheet date as a ￿sU11 of past event, it is probable thal an outhow of ecorK>mic benefits will be required in setllemenl and the amount oan be rdiabty e8Umated. (k) Finanwal Instrwnw The charity has only financial assets and ffi￿an￿al liabilities of a ￿nd that qualfy as basic financial instruments. Basic financial instruments are initially re￿niSed at trdnsaction value and subsequently measured al their settlement value wth the exception of investments whkh are measured al fair (l) Leas•s Rentals payable and receivable undor op8rating leases are charged to the SOFA on a straight line bas18 over the perl¢)J of the lease. DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL sfATEMEpirs For the year ended 31 IAar¢h 2023 (fft) Pfjnslon schwnes Th8 Gharfty oporales a defined conlribution plan for th8 benofft of hs employees. Conlributlon5 are expensed ag they b8come payabl&. The charity also participated in a multi-em deffin8d b8nefft penslon schemewtth the Penslons Trust, Operated and administewl by the Pensiorts Trusl. It r6 not possible lo separately idenlfy the assets and liabilrties r8lating to DHI on a ¢onsistent and reasonal￿e basls therefore thi5 is accounted for as a defined contribution scheme. The scheme was avaitable to all pemiawl staff h)wever (x)nlributions to the plan ceased as at 30 Septembw 2013. Deficit fundiry Contributions are payable by tt)ts charity in reSp￿t of thi8 mulllemployer defined benefit scheme. No liab￿lty has been indud8d within the Fina￿la1 Statem8nls in respe¢l of the deficit reduction contrlbutions payable, in line WTlh th8 requirements of the SORP (FRS 1021 on the basls that this liablllty is not deem6d to be material to the Finan¢ial Slalements. See note 18 to the Flnancial Statements for detaiFs. The charity makes contributions lo th8 Natronal Health SeMc* Penslon Scheme for part￿1patIng employees. The NHS Scheme 1$ a defin&J benefft scherne. th8 scheme is a multi-employer sGh8me and the charkly Is unab18 to idenb'fy its share of the uThJerfying assets and Ilabllltles, this scheme Is accounted for by the Charity as a defin8d contributbn scheme. Any resultlng liabilili8s on Ihls scheme would be mel by the State. Therefore, Gorth￿￿nS payable for th& year in relation to the scheme are charge(l in the Statement of Financial Actrvilies. (n) Tax The Gharlty is an exempt charlty wlthin fhe meaning of schedule 3 of the char￿e5 Act 2011 ar￿ is Considered to pass the lesls sel OLrt in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK coryx)rdtK•n tax purposes. (o) Golng concem The firiancial statements have b88n wepared on a sM)ing concern bask8 as the trustees believe that no material uncertainties exist. Th8 trustees have consklered the level of fijnds held and the expected level of Income and expenditure for 12 months from aU￿rising these financial statements. The budgeted Incom8 and expenditure is suffi￿ent with Ihe level of reseThes far charity to be able to Gontinue as a going concern. 21 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For tho year endgd 31 March 2ff23 2. INCOME FROM DONATIONS UAIRESTRicfED DESIGNATED FUNDS RESTRICTED TOTAL TOTAL FUNDS 2022-2023 FUNDS FUNDS FUNDS 2022-2023 2022-2023 2022-2023 2021-22 General donatior 42.781 41,781 73,S03 3. INCOME FROM CHARrrABLE ACTivmES al Treatment Servi(es- Income UNRES7RICTED DESIGNATED RESTRICTED FUNDS FUPIDS FUNDS 2022-2023 2022-2023 2022-2023 TOTAL TOTAL FUNDS 2022-2023 FUNDS 2021.22 Capltal Grants Contracts I SLAS Transf8r5 to Partners Grants l Donatlor other 1.667 6.859.2CKJ IL204.4771 95A57 8.927 6￿59.1 6,082,317 11,204A771 11,185,6121 110,457 91,041 8,927 9,669 15,ClXI s,7f￿1,774 15.C*lJ 5.775,774 4,997,415 Restricted funds relate lo income from th8 performance of grant obligatiorts during the year on relation lo th6 Access Fund. b) Communlty Ser¥kes- Income UNRESTRICTED DESIGNATED RESTRICTED FUNDS FUNDS FUNDS TOTAL FUNDS 2022- 2023 TOTAL FUNDS 2022-2023 2022-2023 2022-2023 2021-22 Contracts I SLAS Grants l Donations 293.880 1,1kn5 293080 IA165 262,649 5,760 294.945 294,945 268,409 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 MarGh 2023 cl Hou51n8 Projects- Income UNRES7RicfED DESIGNA TED RESTRicfED TOTAL FUNDS FUNDS FUNDS FUNDS 2022- 2023 TOTAL FUNDS 2022-2023 2022-2023 2022-2023 2021-22 Capital gTanls Contract5 1 SLAS Transfers lo Partners Grants l Donations Fees arKI Charges Oth8r 1,667 600,132 1107,5001 1,247 4,600 582,895 1109.rxM)I 6,934 3,730 582,895 1109,0(Kil 6.934 3,730 484.959 484,959 500.146 d) Home Turf Lettlngs- Income UNRESTRICTED DESIGNATED RESTRICTED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS FUNDS 2022-2023 2022-2023 2022-2023 2022-2023 2021-22 Capital ￿￿nIS Contracts I SLAS Renlal inrM)me Renlal voids Transfer to Landlord GTants l Donations Fees and Charges 5,328 51,155 1.680,034 {17.2641 1.156.469) 62,877 164.824 5,328 10,776 51,155 120,606 I￿80￿34 1.C¥XI,393 117,2641 147,9101 11.156A691 1651,3611 61877 5,200 164A24 97,223 790,485 790A85 534,927 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year gndad 31 March 2023 e) 50¢ial Housing- Income UNRESTRicfED DESIGNA TED RESTRICTED FUNDS FUNDS FUNDS TOTAL TOTAL FUNDS FUNDS 2022. 2023 2022-2023 2022-2023 2022-2023 2021-22 Caprtal grants Contracts I SLAS Rental income Rental voids Transfer to Landlord 9,728 77,702 220,914 115,3421 138,3961 5,600 89,702 227.720 110.8101 140.3751 5,195 89,702 227,720 (10.810) 140J751 5,195 Grants l Donations 271.432 27L432 260,206 Social housing inco)me ¢ontains direct rental receipts as Y￿71 as an￿lIary support servlGes for tenan18 Central SeNices- Income UNRESTRICTED DESIGNA7ED RES7RicfED TOTAL FUNDS 2022- 2023 TOTAL FUNDS FUNDS FUNDS FUNDS 2022-2023 2022-2023 2022-2023 2021-22 Capital grants Grdnls l Donatlons Other 1.666 70.944 2,993 1,667 70.944 2.993 9.990 75,603 75,603 11,657 4. NET INCOME I EXPENDITURE FOR THE YEAR 2022.23 2021-22 Net income / expenditure forthe period includes: Depreciation Fees payable to Auditor 1296 25,200 173,049 24 c*) r4 fs rf) v ¢0 v o V4 Ln mwoo 4D WI f r4 0 (o DEVELOPING HEALTH AND INDEFENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year ondgd 31 Mar¢h 21r23 GOVERNANCE COSTS 2022-23 2021-22 Audlt and accountancy Other- Annual Event 18,480 479 721 25P21 18,959 7. STAFF NUMBERS AND COSTS 2022-23 2021-22 Wages and salaries Social Security costs Pension costs Redundanwcosts 3,755,787 1,149,698 453.698 2.570 5.361,753 3.325.080 995,195 407,634 9,102 4.737,011 Head Count as average weekly number Chief Executive Officer Dlrertors Associate Directors Service Managers Administration. HR, Finance and IT Team Leaders Support Workers li io 13 13 13 137 130 182 173 Employee5 earniwd over £60JXM) £60,001- £70.000 £70,￿l- £80,000 £80,￿l- £90,LK)O £90,(M)I- £I￿,c 8. TRUSTEES AND KEY MANAGEMENT PERSONNEL During the y8ar, none of the Trustees, wh) comprise the charivs key management P8r50nnel, received any remuneration, or receNed reivnbursed expenditure (2022.. Nil). DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For tho year onded 31 March 21r23 The key management personnel of the ¢harty comprise tho Trustees. Chlef Execulrve Offlc8r, Finance ané Operations Director, Housing DIr￿tOr Housing and Social Exdusion, Treatment S8rvic8s Dir8Ctor and three Associate Directors. The total employee benefits of the k8y management personnel of the Charfty were £428.40212022 . £369,211). 9. TANGIBLE FIXED ASSETS So¢tsl Houslng Charitable Medlcal Propertles Pmpertle5 Furnltsre TethnoloBV Equlpment IT, Comms Total At l April 2022 Addltlons 904.331 2.727.454 65.314 407,669 35.(K(1 4,139.768 ,800 9D.800 1179,532 125,800 4.051,036 Dlsposals Al 31 March 2023 {178,1641 904,331 2,549.29) 11.3681 63,946 407,669 DÈpredatlon At l Aprll 2022 Charge for the year On dlsposals At 31 March 2023 74,302 167.689 S2.612 275,894 2,041 571538 18.568 45,119 131,8191 180,989 705 63.003 4,901 132.296 {32,5891 672,245 17701 52,547 92,870 338,897 6,942 Net book value At 31 March 2023 811A61 1368,301 IlJ99 68,772 118W 3J78,791 At 31 March 2022 830,029 2.559.765 12,702 131.775 32,959 3.567,230 Included within buildings is one propety wth nel book value of £91,030 £ (2022.. £93,251) which 15 held under a 999-year lease. This I￿lIdIng is being depreciated over 60 years on the basis that this is considered a more r8alislic estimate of the u5efvl lrfe of the asset. DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For th• y¢ar ond¢d 31 March 2023 10. FIXED ASSEf INVESTMENTS 2022-23 2021-22 Market Value At l April 2022 Dlsposals Management fee Interest and dlvldend Gal￿ 111055es1 on investments At 3tst Marth 2023 729,644 11981 {lJl551 1253 128.5711 701,073 7C*.062 18291 24,411 729,644 11. DEBTORS: DUE WITHIN ONE YEAR 2021-22 Trade debtor5 Rental debtors 923299 157,099 29.545 31079 144.837 152,944 Sundry debtors Prepayments & accrued income 323,612 L442AJ22 634,378 12. CREDrroRS: AMOUNTS FALLING DUE virrHIN ONE YEAR 2022-13 2021-22 Trade Credltors 251908 11258 28W3 168,224 20.D89 2a4.359 408.387 87,381 Credit cards Bank loans wlthln one year Soclal securlty and other taxes other creditors 27.969 113,523 91,551 105,623 414.268 Accruals Deferred income IA24,098 841,663 DEFERREDINCOME 2022.23 2021-22 Balance at tst April 2022 Amount released to incoming resources Amount deferred in year 414268 L91.905 {414,2681 I191,￿5) 40&387 414,268 Balan￿ at 31st March 2023 408A87 414,268 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 Deferred Income Includes the followlng grants wtth perfOrrnan￿ O￿Tea￿onS In future periods. 2022.23 2021-22 - St John's Hospltal- RSVP BBC thlldren in Need - BulldlnE Better Opportunltles 19.381 5,395 58,143 2,703 26,625 24776 87,471 13. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 2022-23 2021-22 Bank Loans 621￿28 643,718 The thadty has Iwo bank loans. T1￿ first is repayable over 25 years and interest is charyed at ba88 rats plus 2.5èA (with a minimum rdte of 30/0). The loan 8￿ur￿￿ on the freehold property al Poyntz Road In Bristol, Abbotswood in Yate and s￿geM￿r Road in Baih. The second1oan taken 19 repayable over20 years and InieTrst is fixed at 3% for 10 y8ar5. The loan is seLured on the freehold property al St James's Par&Ye in Bath. 2022-23 2021-22 The loan is repayable a5 follows Within one yearoron demand Between one and two years Between two and five years After fNe years 28,873 27,969 28,873 92,339 522,506 671.687 95323 4%N99 650AOI 14. PROVISIONS FOR LIABILtflES AND CHARGES 2022-23 2021-22 Property dllapldatlons At 1st April 2022 (Released) / Added durin8 the year 209AOO 150,OC(J 59,400 At 31 sl March 2023 209AOO 209,4(X) DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For th¢ year ended 31 March 2023 15. STATEMENT OF FUNDS DESIGP4ATED FUNDS Bought Galn In sale Forwanl of property Transfers Carried FoNard Charitrbl¢ HTL Slnking FurKI 2 Bridges Trust Fund Infrastructure Sustainability Cloud St James's Parade refurb Property Fund- supwrted housing Designated Funds- properties - Oak House Peter's House 19 Abbotswood Poyntz Road - Sedgemoor St James s Parade - Hawthorn - Newton Street under construction 18,833 10.538 360.473 18,833 10,538 260,473 30,0(X) iOO,OCK) 174,344 Iic(J.0001 174.344 407.567 147,204 27.244 56,196 135,725 665.743 276.729 71.221 5.713 17.9571 1175.2161 1,827 2.961 {1.6371 19.7461 14.3571 11.4771 15.7131 399,610 28,012 29,071 59,157 234,088 655,997 272,372 69,744 Social Houslng Workir)g capttal SH Sinking Fund Designated Funds- properties Burlington St Burlington St contingency 125.527 54321 12.6291 122,898 54,321 830.029 88,CKXI {14,1131 815,916 88,000 3.511,C￿3 28,D12 1143,713 3,395,362 The HTL Sinklng Funds represent retained funds for repairs and renwdls al HTL properties. The 2 Bridges Trust Fund is to provide access to employment, education and Iraining for DHI d￿nts. The InfrastTUCture Sustainability fund is to Safe￿ard the chaiity agalnst zer04nfiatlon ujntracl In(x)me spent against cost of living rise5 In overheads. The Cloud fund is to upgrade ageiro ￿ Irrfrastru￿te. The St James Parade Refurbishment furxl ig to (x)ver refurbishment works at the premise. DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year ond9d 31 Mar¢h 2023 Property Fund for Supported Housing- Followng the sale of Peter"s House, the sale proce8d8 have been designated for the pur¢hase of Simllar housing. This was part of the covenant wh&n DHI were gifted PeleT s House. D88ignaled Funds - Pr￿rtIeS are sho￿1 al the asset values of properties owned by DHI, separatdy shown from General Funds. The amounts include the net book value of propertles purchaS￿j by the charity, less ary k)ng tem) flnance used to E)urchase them as well as unspent cash reserves allocated towards expected renovallons or purchase ￿sts. The Social Housing Workrng ¢apltal fund ￿presents fvrKls Ihat have been rfng-fen￿d Th8 SH Sinking FuThls represent retain￿ fijnds for repairs and renewals al social ￿Using properties The BuTllngton Str88t Contingency Fund (xeated to supp(xl the operation of DHI'S work at the project recognising the Fmjssibilities of future fiJTKJing restridions. RESTRicfED FUNDS Transfers and BrI￿ght Incoming Resources Investment Forward Re￿urceS Expeftsed galnsl(losses) Carrled Forward Houslng ProJects Houslng Flrst Acce55 Scheme 14,295 I￿,721) I￿,[M￿lI 574 Horne Turf Lettlngs HTL Empty Homes Fund ICa5hl HTL Empty Homes Fund (Loansl 42.174 14A42 56,616 14.442 114.4421 Central Servlces Serious Youth VIo￿nCe Project 14,708 85,619 11,6661 140,3871 3,042 60,232 Housing Projects This fund is available to as$i$t dienls in perdonalization o)sts when they secure accommodation Home Turf L8ttlngs The HTL Empty Hom8s Fund (Cash} is a ￿$h reserve avalable to mak8 loans to landlords to enab18 properties In disrepair lo be refurbish￿1 and rentsj out through DHI'S Soci81 Enlerprls8'. Home Turf Letbr￿Js. Central Sorvlces Young People Serious Violertt is a fund that Can be used for $pe¢ffi¢ purposes such as preventive crime with Young People ané to¥vards deduted youth work. 31 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year ondod 31 Marth 2023 Transfers and Investment gainsll105se5) Broughi Forward Incoml Res￿rceS Resource5 Expensed Carried Fonvard SUMMARY OF FUNDS Designated Funds General Funds 3,511,063 IA07,103 4,818,166 85,619 4.￿3.785 1115,7011 115,142 15591 3,395,362 1,606,059 5,tN)1,421 60,232 5J)61.653 7,725.227 7.725.227 {7,54L4131 7.541.4131 140,3871 I7581,8(￿lI Restrlcted Funds 7.740,227 1559) 16. ANALYSIS OF NET ASSETS BEfwEEN FUNDS DESIGNATED GENERAL REsrR1￿ED TOTAL FUNDS FUNDS FUNDS FUNDS 2022-23 2022-23 2022-23 2022-23 Tangible flxed assets Fixed asset investments 3.179.762 199.029 701,073 915,357 3.378,91 701,073 1.812,817 1621,6281 I209.4￿) 5,061,653 Net current assets 837,228 162L6281 60.232 Credllors due In more than oneyear Provision for Ilablllties and charges {209,4LKtI L606J)59 3J95J62 60,232 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For tho year ended 31 March 2023 17. LEASE COMMITMENTS The chadty has financial o)mmitm8nts in r8SP8Ct of operating leases of latKI and buildings. The total future mlnlmum lease payments under nOn￿alK￿lIable operdting leases are as follows.. 2022-23 2021-22 Land and Bulldl Not later than one year Later than one and not later than 5 years Later than 5 years 1244W5 1,252,303 L158m2 1,665,357 106.769 2W,536 2.917,660 Induded in the total lease commttments above ￿ £2.150.086 {2022: £2,700,726) relating lo the maximum rents that the charity may have lo pay on behalf of the tenants. Our experience 1$ that voids are onty 5V• of lotsl rental i￿ome and that the aciual liabllity over the period may be clos8r to £135,036. 18. PENSION CONMITMEpirs SCHEME: Tho P8nsions Trust-The Growth Plan Series 1- 3 Devek)plng Health & IndeperKlence parfidpates In Ihe scheme. a Multi-em￿oYer scheme that provi(les benefits to some 950 non4ssociated partKipating employers. Tho scheme is a defin8d b8nefil scheme in the UK. It is not possible for the charity to obtain $uffi¢ienl informalTron to enable tt to ￿COUnt for the scheme as a defined benefit sGheme. Therefore. il accounts for thè scheme a8 a defined contribution sch8me. The schemè Is suwect to the funding legislation oudined in the Pensions Act 2004 which came into force on 30 De￿mber 2005. This. together documents Issued by the Pensions Regulator and Techn￿1 A¢tuarial Standards ISSU￿ by the Financ￿1 Reporting cou￿11. set out the framework for funding defined benefit occupalK)nal pension schemes In uio The scheme 18 classified as a 'la5t-man standiThJ arra￿eMen¥. Therefore. the charity 18 wienlially liabl6 for other participating employers, obllgalions rf those employers ar8 unable lo m881 their share of the scheme defl¢il followlng wlthdrawal from th8 scheme, PartI￿patIng employers are legally required lo meet their share of the scheme deficit on an annuity purchase basis on wtthdrawal from the SGheme. A full actuarial valuation for the Sc1￿Me was carried oul at 30 September 2020. This valuation show8(1 assets of £800.3m. llabl1￿[2S of £831.9 m and a deficit of £31.6m. To ellmirnate this fvnding shortfall. the Trustee has asked the participalir¥J employers to pay addilDnal ¢ontributlons to the scheme as foll(yh8.' DEVELOPING HEALTH AND INDEFENDENCE NOTES TO THE FINANCIAL STATEMEPW6 For the year endod 31 March 2023 08flclt Contrlbutions From 1 Aprll 2023 to 31 January 2025: £3.3m per annum (payable monthly In￿8as1ng by 3% each on 1st Aprll} Unless a concession has been agre￿1 wf(h the Truslee the teTm to 31 January 2025 applles. Note that the scheme's previous valuation was carried out wlth an effe￿￿e date of 30 Septgmb8r 2017. This valuatlon showed assets of £794.9m. liabililies of £926.4m and a defl¢lt of £131.6m. To 81iminale th18 funding shortfall, tha Trustee hag asked tho pathipating employers lo pay addltlonal tx)ntribulions to the sch8m8 as follows.. Defi¢lt Contrlbutlons From 1 April 2019 to 30 September 2025: £11.2m per annum {payable monthly armj increasiNJ by 3% each on 1 st Aprll) The recov8ry plan contrlbutions are allc¢ated to each pathipaliThJ empknyer in line with Ihelr eslimaled share of the Series 1 and Series 2 sch8me118billties. Where the scheme Is In deficit and where the charity has agreed to a dthit funding arrangement, the charity recognises a Ilabilily for this obligatK>n. The am¢JAnt recogni8ed woukl be the present value of the dèftcit reduction contrlbutions payable under th8 agTe8ment that relates lo the defKit. The present value is calculated usirwJ the dlscount rate detailed in th8se disclosures. The unwin¢Jlng of Ihe discount rate would be recchjnised as a finan￿ cost. 2023 2021 2020 Present value of provlslon 371 1,715 On the basls that this prow$lon is not material lo the Financlal Statement8. the chartty has taken the declslon not to incluée such a provision. If the txovislon had been inclLKled, the accounting entTf8s would have been as follows". 2023 21r12 Provision al start of the p2ri Unwinding of the discount factor Deficit contribution paid Remeasurements - impact on any charoes in aSsuMpt￿n$ Remeasuremenls - amendrnents lo the contribution schedule 371 L448 11351 {3661 191 1710J 237 371 DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the ygar endod 31 March 2￿ Income and expondlturo Impact Interest expense Remeasurem6nls - impact on any chang8s in assumpt￿￿5 Remeasurements - am8ndments lo the ￿ntrIbutIon S￿lU 191 17101 1711 Assumptlon5 2022 21r21 % peramum % per •num % per annum Rate of Discount 5.52 2.35 The discount rales shown above are th8 equNal8nt siTrJle discount rates which, when used to discount the fLJknre recovery plan contribution5 due, V￿uld gNe the same ￿Ults as using a full A4 corporate bond yield curv8 lo discount the same re¢overy plan conlributKins. SCHEME.. Tho Ponslons Trusvs Growth Plan Sgrlo5 From 1 October 2013. all c0ntrbut1or￿ made Into ￿ Plan were irrto Series 4. which is a defin8d contribution pensbn plan. SCHEME: NHS Pfrnslon Schemes Three employees are cover￿1 by th8 provisiorts of NHS Pension Schemes. Details of the benefits payable and rules of the NHS Schemes can be found on I1￿ NHS Penslons webslle at y￿W.rnhsb$a.nhs.Uk1pens10ns. This aTr unfunded dellned benefit whemes that cover NHS employers, GP practices and other bodles. allowed under the direction of the Secretary of Slate In England ané Wales. They are not designed to b8 run in a vw that would enabfe NHS bodies lo identfy their share of the underfying scheme a5sels and Ik9biliti8s. Th8refor&, scheme is accounted for 88 11 were a defined contribution sc￿me." the cost to the NHS bcKly of participatir)g in these schemes is taken as equal to the contriiKJlk)ns payable to that SGheme for the accounb'ng period. 19. RELATED PARTIES The￿ were no related party transactw)ng this year and ￿ amounts w8re due at the year*￿1 date (2022: £Nill. 20. coFifROLLING PART The Trnstees considpr th81 the charity i8 joinily by the Trustees and that there Is w ulllmate ontrolling party. 21. FINANCIAL COMMIThIENTS Contractual c4)mmitmenls for the acquisilion ol tangible f[x￿ ass8ts contracted for but r￿t provided in the financial slat8menls amounted to £nll {2021= £nil). DEVELOPING HEALTH AND INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS For the year endgd 31 March 2023 22. FUNDS RECEIVED AND HELD AS AGENr Three propertles ar8 classrfied as being Managed and under CMP membership. DHI hold a separate bank a(Lount wrth Unity through which rent is received and landlords paKI. These transactions are nol recognised in the Flnan¢ial Statements, However, a fee is recervable arKI thi5 Ls shown as Ir￿Me in the Financial Statements. 23. FINANCIAL INSTrUMENTS The (arrying amounts of the charl￿8 flnanclal Insthjments are as follows.. 2023 2022 Flnanclal Assets Measured at falrvalue through net income: - Flxed asset Investments (note 101 701m3 729,644 Debt instTuments measured at amordsed cost: - Trade debtors Inote 111 923299 144.837 Flnanclal Uabllltles Measured at amortised c05t Bank loans (notes 12 and 131 Trade credltors Inote 121 650￿1 252 671.687 87,381 DEVELOPING HEALTH AND INDEPENDENCE PRIOR YEAR STATEMENT OF FINANCIAL ACTivrtlES (Includlng Income & oxp0nd1￿re account} For thg year ended 31 March 2022 Unre8trkted D88lgnated Rgstrl¢tgd Funds Funds Funds 2tr21.22 2tr21-22 2021-22 Total Funds 2021.22 INCOMING RESOURCES Donations Charitable &llwties TTeatmenl Services Communty SeNkxs Housing Prdects Home Turf Lottings Social Hwsing Central Servlces Investment income TOTAL INCOMING RESOURCES 46,451 27,052 73,503 4.997,415 268.4Cg 5C(1,146 534.927 260,2L 11.657 149 25,C(£l 5,021415 500,146 534,9Z7 260,206 11.657 149 51052 6,671 12 RESOURCES EXPENDED Charitable actlvities Treatment Services Community Servi￿$ Housing Projects Home Turf Lettings Social Houslng Central Servi(*s TOTAL RESOURCES EXPENDED 4,508, 287.330 453,489 673,059 251,458 219,645 41,488 4,549,575 287,330 453,824 705,559 251158 335 32.51X) 6 393 068 111,878 Nel gainsl{loss8s) on investments 10 24,411 24AII NET INCOME I {EXPENDITURE) 250.703 IS9￿26} 190,877 Transfgrs between funds NET MOVEMENT IN FUNDS 99,653 199,6531 350356 199,653) {59X261 190A77 RECONCILIATION OF FUNDS: TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD 956.747 3.610,716 145A45 4.712.908 1,307,103 3,511063 85.619 4,903,785 37 DEVELOPING HEALTH AND INDEPENDENCE PRIOR YEAR FUNDS ANALYSIS For the year endad 31 March 2022 STATEMENT OF FUNDS Brought Incomlng Resources Tran3fors and Fonvard Resources Expgndod Investments gainsJ{10sses) Carrled Fonvard DESIGNATED FUNDS Housing Sinking Fund FrrL Sinking FUTh 2 Bridges Trust Fund Hybrid PrOl￿t man￿er Infrastrjcture Sustsinabllty 52,611 28,560 10,738 30,(KK) 152,6111 19,7271 12C()I I30,OL￿) 18.833 10,538 437.4 177,0171 30,OC iLY),000 360,473 30,000 l(K),O Cl¢)ud St James Parade refvrb Designated fvnds - Properties - Oak House - Pet8rfs House . 19 Abbot8wcK)d - Poynlz Road . Sedgemocr - St James's Parnle - Ha￿Orn . Newion Street - Under constnjctson 415.525 152,343 26￿14 55.341 238,610 660,3C 281.088 72,697 91.098 17,9581 15,1391 407￿67 147,204 27,244 56,196 235,725 665,743 276,729 71,221 5,713 855 12.8851 5.435 14,3591 11.4761 185,3851 Soclal Houslng Working capital SH Sinking Fund BU￿ingtOn Street Contingency Deslgnated Fund$- properties -BuTiington St 116,779 8,188 8,748 46.133 125,527 54,321 844.526 114,4971 830,029 3,610,716 Nil Nll <99.653 3,511.063 DEVELOPING HEALTH AND INDEPENDENCE PRIOR YEAR FUNDS ANALYSIS For the year endgd 31 March 2022 RESTRICTED FUNDS Transfers and Brought Incomlng Rosourcos invostm¢nt Fomaryl R8sources Expended gain￿(108$6$) Carrled Forward Tr6atment Servlc88 Sl Jam8s's Parade Appeal Houslng PTOjO¢t8 Housing First 16.488 {41A88} 34,630 13351 120.ocKJI 14.295 Home Turf L8ttlng8 The Nlsbet Twst Pr(Kurement Officer Fund HTL Empty Homeg Fund (Cash) HTL Empty Homes Fund (Loans) I2￿[(1 {20,LMX)I 20,000 49,512 17.3381 42,174 7,104 7.338 14,442 Contral Servlcgs Fibroscannerappeal 11,8(M) 123,8811 YP Serious Violer St John's Foundation 13,411 14.971 113,6741 14,708 85.619 39