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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03957802 (England and Wales) REGISTERED CHARITY NUMBER: 1084004

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ALPHA CARE SPECIALISTS LTD

FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL

ALPHA CARE SPECIALISTS LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 21

ALPHA CARE SPECIALISTS LTD

REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 MARCH 2023

TRUSTEES Ms R Andreaou
Mr M T Markou
Ms L Pilavakis
Mr S Soteriou
Ms P Worrall
COMPANY SECRETARY Mrs S L Collins
REGISTERED OFFICE Community House
311 Fore Street
London
N9 0PZ
REGISTERED COMPANY 03957802 (England and Wales)
NUMBER
REGISTERED CHARITY 1084004
NUMBER
INDEPENDENT EXAMINER FKCA Limited
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL
SOLICITORS Interface Legal Advisory Service
40 Wykeham Road
London
NW4 2SU
BANKERS Unity Trust Bank
4 Brindleyplace
Birmingham
B1 2HB

Page 1

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are:

The charity has the general aim of contributing to the quality of life of the people the London Borough of Enfield and wider area by expanding their horizons through the provision of exciting, challenging and accessible professional services.

The main objective for the year is to continue to sustain the services currently offered by the charity and to increase service provision and to maintain the growth of the Homecare Service, this service facilitates people being able to continue living in their own homes.

The strategies employed to achieve the charity's objectives include:

The major areas of activity are: Key Strategic Planning, Social Activities, Homecare, Information and Advice, Counselling, Home from Hospital Service, Take Home and Settle Service, Ican Navigator provision, Research and In-house Training.

Page 2

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023

OBJECTIVES AND ACTIVITIES

Significant activities

Over the years we have seen a steady growth in the Homecare Service that we provide. This year has again seen a slight decline due to a number of Personal Care Assistants retiring or leaving the Organisation. We have reviewed our service charges to commence in August 2023. It is important that the Homecare Service makes money as this goes towards supporting various other services. We are always recruiting for Personal Care Assistants, which is stopping the business from growing faster. This issue is being seen in all caring agencies, especially since the Covid-19 virus restrictions. In the previous year the Government's introduction of mandatory Vaccinations for homecare staff which all staff were not prepared to have and therefore had to resign from the agency.

Our Current CEO Stephanie Collins was appointed in August 2021. Stephanie is a former employee and Trustee and has therefore been involved with the Organisation for many years. Our Homecare Manager of 20 years also retired on 31 March 2022 Our Homecare Supervisor Antonia Kaisharis has now been approved by CQC as the new Registered Manager.

The Homecare Service , is an excellent and very highly recommended service. It continues to be the main source of unrestricted income for the organisation. Any future surplus made through this service will go towards covering costs for other services such as the Let's Talk Service, Information & Advice and Drop in service. Unfortunately since Covid-19 we have not been able to go back to our Drop In venue however we were given a small grant from February 2022 which we have used to fund Well Being activities at Community House over the past 12 months along with a Successful Older Persons Christmas event.

Our Take Home & Settle Service and New Home from Hospital Services are funded by the NCL and ICB Enfield formally the Clinical Commissioning Group "CCG" and they have agreed to continue to fund this vital service in North Middlesex's A & E Department. Both services are very well received and constantly exceed target numbers.

Peer Practitioner and Community Engagement Practitioner Post

We have a new project in conjunction with MindiEB which provides three Posts from Alpha Care. This is an innovative new service, integrating the expertise, skills and knowledge of the network in Enfield with NHS Mental Health services. The purpose of the role is to provide peer led psycho-social support to clients, working within specialist Mental Health teams and the VCS delivery partners.

These posts will carry an active caseload, working with clients to determine their recovery needs and identifying resources available within the community. As a new project there were 2 people in post as of 31 March 2023.

Public benefit

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives, in planning future activities, and setting the grant making policy for the year.

Page 3

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The net incoming resources for the year amounted to £838,627. Of this £62,500 relates to restricted projects and £776,127 is the amount attributable to general reserves. A summary of the work of the charity is set out above & below.

Corporate Activities

Our drop-in centres were closed during Covid-19 and once open we were again restricted by dial a ride as the vast majority of our service users have limited mobility and rely on this service. Unfortunately due to structural and management changes as Skinners Court we have been unable to go back to using the facilities there. We have set up monthly well being and activity days at Community House instead which has been given a small amount of funding from the Health Champions.

Personal Budgets/Advice and Information

Due to working from home we were unable to sustain this during the pandemic. Toulla is now able to provide information and advice face to face. We were able to use some funds from the Digital Exclusion money we successfully received. The Trustees are currently, looking at a charging policy for the Direct Payment system, as we can no longer sustain this service within the Homecare charge.

Take Home & Settle Service

This service helps our elderly receive a smooth transition from hospital to home and helps to stop delayed discharge from hospital and gives the older person confidence and independence when leaving the hospital. This service was funded by the NHS NCL Enfield. This service is now amalgamated with the New Home from Hospital Service (see below).

New Home from Hospital Service

This service was slow to take up regarding referrals from the hospitals. We are working in partnership with Enfield Carers Centre and Age UK. The NHFH provision is a short-term service for people with low and very low-level need as identified by risk assessment when discharged from hospital. We pay partners on a spot purchase basis which continues to work well. The figures as mentioned above are now exceeding the target.

Let's Talk

This long standing project is managed by our of our fully trained Counsellor and continues to be oversubscribed. Since April 2021 the contract sits under Mind in Enfield and Barnet. There will be a funding review at the end of 2023.

We were fortunate in receiving a short-term fund from NHS Charities together to fund a counselling programme for those who are suffering with long Covid or who are affected by long covid in their families. Antony Sigalas our qualified psychotherapist for the last 22 years has headed up this service. This has supported not just the Greek speaking community in North London, but all those residing in the borough of Enfield who may be affected.

Break the Cycle Café

I am pleased to say that we continue to run a very successful café for the Drug & Alcohol Services in the Borough. After the pandemic the Café reopened and has a new Manager Eva Rutka. On days when we are unable to open we prepare food and drinks and leave them in reception for collection whilst physical access to the Café is not possible, we also have a refrigerator in reception to leave freshly prepared sandwiches and soft drinks, fruit and snacks. We have also been providing some limited catering to Enfield Council.

Internal and external factors

The organisation continues to plan for any political changes by looking at commissioning rather than depending on grants. It is hoped that eventually the charity will become sustainable.

Page 4

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023

FINANCIAL REVIEW

Financial position

Whilst in previous years there has been a steady growth in the Homecare Service, there have been ongoing recruitment issues in relation to recruiting new Personal Care Assistants particularly a higher number of retirees and those who left due to the introduction of the mandatory Covid Vaccine. We are continually looking for ways to recruit staff however this has proved more challenging in the last year. This money is classified as unrestricted funds. We are managing to increase our customers and staff members to cope with the level of service provision. Unrestricted funds are used to pay for salaries that are not covered by grants and this enables the continuation of the holistic services, such as, the Information and Advice Service, Let's Talk Service and supplements the Core Services e.g. the Drop-In Centres.

The end of the year saw a good financial result based on strong financial management and a successful year of services. Costs are mainly contained within budget, with regard to non-match funding services and contained as agreed by the trustees for match funding services and our income figures are exceeded for the Homecare Service.

Principal funding sources

The London Borough of Enfield resource the following activities of the organisation and the New Home from Hospital Service . We are also funded by the Enfield ICB Previously known as The Clinical Commissioning Group via Enfield Mind for the Let's Talk Counselling Service and the Take Home & Settle Service .

Reserves policy

The Trustees have determined to maintain reserves at a level sufficient to enable the charity to continue offering its services for at least six months should funding cease. This is at £503,610 this year which is considered sufficient to enable the trustees to source alternative funding. The Trustees will also apply the reserves towards any exceptional unforeseen costs, including funding of new services, central development of the charity's management, furniture and/or equipment and the training and development needs of its staff and volunteers.

FUTURE PLANS

Last year the Directors in consultation with staff were committed to the continued growth and expansion of the organisation and the services it offers. There was support for a process of managed growth and the impact on the organisation. Due to the current worldwide economic hardship is it advisable to ensure that the organisations maintain the current status quo and ensures that the growth of the organisation is more organic in its approach.

The Directors and staff decided that continued growth was the only way forward by:

(i) Developing and updating the business plans for each service area to analyse market potential and income opportunities.

(ii) Review structure to include commissioning as a strategic priority.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Alpha Care Specialists Ltd, which is a company limited by guarantee not having a share capital governed by its Memorandum and Articles of Association dated 14th March 2000 and amended to allow for current governance arrangements 9th March 2006, 29th October 2009 & 22nd June 2018. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there were as of 31st March 2023, 545 members.

Recruitment and appointment of new trustees

The organisation is a company limited by guarantee (No. 3957802) governed by its Memorandum and Articles of Association the trustees are elected by the members of the organisation at the Annual General meeting. The chair of the trustees is nominated by the trustees at the first trustee meeting after the Annual General meeting. The trustees have the power to co-opt persons with a particular skill to contribute to the company. Co-opted members do not have a vote.

All members are circulated with invitations to nominate trustees prior to the AGM. The decision is then made at the AGM.

Page 5

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The board of Directors, which can have up to nine Directors, administers the charity. The board meets every two months and, if applicable, sub-committees covering issues may meet more regularly. A Chief Executive is appointed by the Directors to manage the day to day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the Directors, for operational matters including finance, employment and any charity related activities.

Induction and training of new trustees

All trustees undergo a training day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision processes, the business plan and recent financial performance of the charity. During the training they meet key employees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Risk management

The Directors have a risk management strategy which comprises:

This work has identified only a few new risks but it has resulted in procedures and contingency plans and has given the impetus for better planning. A key element in the management of financial risk is the setting of a reserves policy and its regular review by Directors.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Alpha Care Specialists Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Ms P Worrall - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALPHA CARE SPECIALISTS LTD

Independent examiner's report to the trustees of Alpha Care Specialists Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Miss Tara Aldwin ACA The Institute of Chartered Accountants in England and Wales

FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL Date: .............................................

Page 7

ALPHA CARE SPECIALISTS LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 MARCH 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
5
Navigator Services
38,470
New Home from Hospital
122,496
Lets Talk
14,695
Provision for homecare services
434,461
Take Home and Settle
70,000
Peer Practitioner
83,076
Long Covid Counselling
10,152
Other trading activities
3
2,124
Investment income
4
653
Total
776,127
EXPENDITURE ON
Charitable activities
6
Navigator Services
37,436
New Home from Hospital
42,667
Lets Talk
30,041
Provision for homecare services
501,654
Break the cycle
-
Take Home and Settle
66,538
Peer Practitioner
36,522
Long Covid Counselling
17,798
Total
732,656
NET INCOME
43,471
RECONCILIATION OF FUNDS
Total funds brought forward
418,351
TOTAL FUNDS CARRIED FORWARD
461,822		 Restricted
funds
£
62,500
-
-
-
-
-
-
-
-
-
62,500
-
-
-
-
30,939
-
-
-
30,939
31,561
10,227
41,788		 2023
Total
funds
as
£
62,500
38,470
122,496
14,695
434,461
70,000
83,076
10,152
2,124
653
838,627
37,436
42,667
30,041
501,654
30,939
66,538
36,522
17,798
763,595
75,032
428,578
503,610		 2022
Total
funds
restated
£
68,217
36,500
118,300
21,867
544,051
70,000
44,215
3,383
-
70
906,603
34,949
59,898
27,920
607,757
54,388
70,000
-
-
854,912
51,691
376,887
428,578

The notes form part of these financial statements

Page 8

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

BALANCE SHEET 31 MARCH 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
5,281
CURRENT ASSETS
Debtors
14
20,799
Cash at bank
466,691
487,490
CREDITORS
Amounts falling due within one year
15
(30,949)
NET CURRENT ASSETS
456,541
TOTAL ASSETS LESS CURRENT
LIABILITIES
461,822
NET ASSETS
461,822
FUNDS
17
Unrestricted funds:
General fund
Restricted funds:
Break the cycle
TOTAL FUNDS		 Restricted
funds
£
-
-
42,985
42,985
(1,197)
41,788
41,788
41,788		 2023
Total
funds
as
£
5,281
20,799
509,676
530,475
(32,146)
498,329
503,610
503,610
461,822
41,788
503,610		 2022
Total
funds
restated
£
7,208
180,592
280,596
461,188
(39,818)
421,370
428,578
428,578
418,351
10,227
428,578

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802)

BALANCE SHEET - continued 31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Ms P Worrall - Trustee

The notes form part of these financial statements

Page 10

ALPHA CARE SPECIALISTS LTD

CASH FLOW STATEMENT for the Year Ended 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2023
a
£
228,752
228,752
(325)
653
328
229,080
280,596
509,676		 2022
s restated
£
(55,752)
(55,752)
(1,009)
70
(939)
(56,691)
337,287
280,596

The notes form part of these financial statements

Page 11

ALPHA CARE SPECIALISTS LTD

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 MARCH 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by/(used in) operations		 2023
a
£
75,032
2,252
(653)
159,793
(7,672)
228,752		 2022
s restated
£
51,691
3,332
(70)
(132,436)
21,731
(55,752)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.4.22
£		 Cash flow
£		 At 31.3.23
£
Cash at bank 280,596 229,080 509,676
280,596 229,080 509,676
Total 280,596 229,080 509,676

The notes form part of these financial statements

Page 12

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

The trust constitutes a public benefit entity as defined by FRS 102.

The significance of financial instruments to the ongoing financial sustainability of the Trust is considered in the financial review and investment policy and performance sections of the Trustees' Annual Report.

Presentation currency

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Invoices to council and individuals are recognised when the service is provided.

Income from grants for specific activities is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations, fundraising and café income, are recognised on receipt.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Support costs are allocated on the following basis: number of staff (equivalent bodies)

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued...

Page 13

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Break the cycle
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest		 2023
as
£
-
62,500
62,500
2023
as
£
62,500
2023
as
£
2,124
2023
as
£
653		 2022
restated
£
3,217
65,000
68,217
2022
restated
£
65,000
2022
restated
£
-
2022
restated
£
70

continued...

Page 14

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Navigator Services
Navigator Services
New Home from Hospital
New Home from Hospital
Lets Talk
Lets Talk
Provision of homecare
services
Provision for homecare services
Take Home And Settle
Take Home and Settle
Peer Practitioner
Peer Practitioner
Long Covid Counselling
Long Covid Counselling		 2023
a
£
38,470
122,496
14,695
434,461
70,000
83,076
10,152
773,350		 2022
s restated
£
36,500
118,300
21,867
544,051
70,000
44,215
3,383
838,316

6. CHARITABLE ACTIVITIES COSTS

Charitable activities
Navigator Services
New Home from Hospital
Lets Talk
Homecare
Take Home
Peer Practitioner
Long Covid Counselling
Break the Cycle		 Direct
-
11,669
435
11,977
4,286
-
-
16,085
44,452		 Staff Costs
30,023
23,585
22,193
428,134
50,509
29,109
10,385
14,854
608,792		 Support Costs
7,413
7,413
7,413
61,543
11,743
7,413
7,413
-
110,351		 Total
37,436
42,667
30,041
501,654
66,538
36,522
17,798
30,939
763,595

7. SUPPORT COSTS

£
Wages
Social security
Pensions
Insurance
Postage and stationery
Advertising
Repairs and maintenance
Professional fees
Volunteers expenses
Computer expenses
Recruitment
Depn of plant & machinery
Depn of fixtures & fittings
Depn of computer equipment
Bank charges
Independent examiners fees
Independent examiners fees non-IE work
Rent
Telephone
Auditors remuneration - for non audit work		 32,067
3,810
857
6,498
500
1,409
5,498
4,211
264
2,209
417
72
252
1,927
414
975
1,750
30,435
11,119
5,667
110,351

continued...

Page 15

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
as restated
£ £
Auditors' remuneration - 8,000
Auditors' remuneration for non audit work 5,667 4,212
Depreciation - owned assets 2,252 3,331
Independent examiners fees 975 -
Independent examiners fees non IE work 1,750 -

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2023
a
£
595,834
41,383
8,307
645,524		 2022
s restated
£
651,244
40,578
6,560
698,382

The average monthly number of employees during the year was as follows:

Office staff
Homecare
Let's Talk
Break the cycle
Navigator services
New home from hospital
Take home and settle
Peer practitioner
General		 2023
as
5
19
1
1
1
1
3
2
1
34		 2022
restated
5
25
1
2
1
2
1
1
1
39

No employees received emoluments in excess of £60,000.

continued...

Page 16

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,602
Charitable activities
Navigator Services
36,500
New Home from Hospital
118,300
Lets Talk
21,867
Provision for homecare services
544,051
Take Home and Settle
70,000
Peer Practitioner
44,215
Long Covid Counselling
3,383
Investment income
70
Total
841,988
EXPENDITURE ON
Charitable activities
Navigator Services
34,949
New Home from Hospital
59,898
Lets Talk
27,920
Provision for homecare services
607,757
Break the cycle
-
Take Home and Settle
70,000
Total
800,524
NET INCOME
41,464
RECONCILIATION OF FUNDS
Total funds brought forward
376,887
TOTAL FUNDS CARRIED FORWARD
418,351		 Restricted
funds
as
£
64,615
-
-
-
-
-
-
-
-
64,615
-
-
-
-
54,388
-
54,388
10,227
-
10,227		 Total
funds
restated
£
68,217
36,500
118,300
21,867
544,051
70,000
44,215
3,383
70
906,603
34,949
59,898
27,920
607,757
54,388
70,000
854,912
51,691
376,887
428,578

12. PRIOR YEAR ADJUSTMENT

In the prior year, unrestricted funds totalling £47,598 were incorrectly classified as restricted funds. These amounts have been reclassified into general (unrestricted) funds.

In the prior year, income totalling £87,868 was incorrectly posted against donations and legacies. This has been reclassified into charitable activities.

In the prior year, expenditure detailed "General expenses" should have been allocated against the activity "Provision for homecare services". This has been reclassified.

In the prior year, income totalling £70,000 should have been accrued in relation to the Take Home and Settle activity. Accrued income and charitable activities have been amended. Costs totalling £24,750 have also been reallocated from the Provision of Homecare Services to correctly reflect the spend in the Take home and Settle Activity.

continued...

Page 17

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

13. TANGIBLE FIXED ASSETS

Fixtures
Plant and
and
machinery
fittings
£
£
COST
At 1 April 2022
3,543
14,442
Additions
-
-
At 31 March 2023
3,543
14,442
DEPRECIATION
At 1 April 2022
3,185
13,432
Charge for year
72
253
At 31 March 2023
3,257
13,685
NET BOOK VALUE
At 31 March 2023
286
757
At 31 March 2022
358
1,010
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Accrued income
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 Computer
equipment
£
21,350
325
21,675
15,510
1,927
17,437
4,238
5,840
2023
a
£
9,516
3,674
7,609
20,799
2023
a
£
11,213
9,192
1,816
9,925
32,146		 Totals
£
39,335
325
39,660
32,127
2,252
34,379
5,281
7,208
2022
s restated
£
26,501
146,482
7,609
180,592
2022
s restated
£
19,900
10,398
1,198
8,322
39,818

continued...

Page 18

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Break the cycle
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Break the cycle
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Break the cycle
TOTAL FUNDS		 At 1.4.22
£
418,351
10,227
428,578
Incoming
resources
£
776,127
62,500
838,627
At 1.4.21
£
376,887
-
376,887		 2023
2022
as restated
£
£
7,609
7,609
Net
movement
At
in funds
31.3.23
£
£
43,471
461,822
31,561
41,788
75,032
503,610
Resources
Movement
expended
in funds
£
£
(732,656)
43,471
(30,939)
31,561
(763,595)
75,032
Net
movement
At
in funds
31.3.22
£
£
41,464
418,351
10,227
10,227
51,691
428,578

continued...

Page 19

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Break the cycle
TOTAL FUNDS		 Incoming
resources
£
841,988
64,615
906,603		 Resources
Movement
expended
in funds
£
£
(800,524)
41,464
(54,388)
10,227
(854,912)
51,691

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Break the cycle
TOTAL FUNDS		 At 1.4.21
£
376,887
-
376,887		 Net
movement
in funds
£
84,935
41,788
126,723		 At
31.3.23
£
461,822
41,788
503,610

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds Incoming
Resources
Movement
resources
expended
in funds
£
£
£
General fund 1,618,115
(1,533,180)
84,935
Restricted funds
Break the cycle 127,115
(85,327)
41,788
TOTAL FUNDS 1,745,230
(1,618,507)
126,723

Break the cycle - A café for the Drug & Alcohol Services in the Borough.

continued...

Page 20

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023 (2022 : £NIL)

Page 21