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2024-03-31-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 2024

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 2024

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
Detailed Statement of Financial Activities 22 to 23

ALPHA CARE SPECIALISTS LTD

REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 MARCH 2024

TRUSTEES Ms R Andreaou Mr M T Markou Ms L Pilavakis Mr S Soteriou Ms P Worrall (resigned 28.6.24) 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

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024

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 2024. 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

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024

OBJECTIVES AND ACTIVITIES

Significant activities

Over the years we have seen a steady growth in the Homecare Service that we provide. It is important that the Homecare Service makes money as this goes towards supporting various other services. We are always looking at ways to recruit Personal Care Assistants, which can be challenging. This issue is being seen across the Care sector.

Our Current CEO is 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 Supervisor Antonia Kaisharis has now been approved by CQC as the new Registered Manager in 2023 and promoted to Homecare 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 surplus made through this service goes towards covering costs for other services such as the Let's Talk Service, Information & Advice and Drop in servic e. Unfortunately since Covid-19 we have not been able to go back to our drop-in venue however we will be applying for small grants to fund wellbeing activities at Community House which we did in 2022 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 meet target numbers.

Peer Practitioner and Community Engagement Practitioner Post

This project in conjunction with MindiEB 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 2024.

Public benefit

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

Page 3

ALPHA CARE SPECIALISTS LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The net incoming resources for the year amounted to £870,378. Of this £64,080 relates to restricted projects and £806,298 is the amount attributable to general reserves. A summary of the work of the charity is set out above and below.

Corporate Activities

Our drop-in centres were closed during Covid-19 and unfortunately, due to structural and management changes at Skinners Court, we have been unable to go back to using the facilities there. We have set up monthly wellbeing and activity days at Community House instead. We are also strategic partners of the Enfield Wellbeing Network.

Personal Budgets/Advice and Information

Our offices are fully operational Mon - Fri and our part time advice officer is now able to provide information and advice face to face, or by phone. We are considering 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 is now well established and we have a good presence in North Middlesex Hospital and across the GP network in Enfield. 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 provides a Counselling service and is managed by our of our fully trained psychotherapist 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.

Antony Sigalas our qualified psychotherapist for the last 24 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. On days when we are unable to open we prepare food and drinks, fruit and healthy snacks and leave them refrigerated in reception for collection whilst physical access to the Café is not possible. We have also been providing some limited catering to support services in Claverings Industrial Estate. There are plans to relocate this service once the current building is sold.

Internal and external factors

The COVID-19 virus occurring by mid-March 2020 onwards in one lock down or another, definitely had an impact on the charity. The cost of living crisis and annual increase in minimum wage which we have strived to exceed also have impacted the Organisation.

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, however there have been a great number of difficulties in recruiting staff and increasing costs across the board. The Organisation is mindful that a number of contracts will also be coming to an end over the next year.

Page 4

ALPHA CARE SPECIALISTS LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024

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. We are continually looking for ways to recruit staff however this has proved more challenging in the last year. 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 associated business costs, this also enables the continuation of the holistic services, such as, the Information and Advice Service, training and support, Let's Talk Service and supplements the Core Services e.g. the Drop-In/Wellbeing days and social activities for our service users.

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 where applicable.

Principal funding sources

The London Borough of Enfield resource the New Home from Hospital Service. We are also funded by the Enfield ICB for the Take Home & Settle Service and via MindEB for the Let's Talk Counselling 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 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 Trustees 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 Trustees 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

Alpha Care Specialists Ltd, which is a company limited by guarantee not having a share capital governed by its Memorandum and Articles of Association, which can be found at Companies House. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Charitable Company which we do not charge a fee for.

Recruitment and appointment of new trustees

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 requesting nominations for the AGM.

Organisational structure

The board of Trustees, which can have up to nine Trustees, administers the charity. The board meets every two months and, if applicable, sub-committees covering issues may meet more regularly. The CEO will provide email updates to the Trustees if a meeting is unable to take place. A Chief Executive is appointed by the Trustees 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 Trustees, for operational matters including finance, employment and any charity related activities.

Page 5

ALPHA CARE SPECIALISTS LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

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. Trustees are encouraged to attend the AGM and appropriate external training events where these will facilitate the undertaking of their role.

Risk management

The Trustees 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. Alpha Cares reserves policy is to provide ongoing services for at least 6 months and takes into account contracts that will end in the next financial year and provision for redundancies should the need arise.

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 .................. 23.12.24........................... and signed on its behalf by:

........................................................................

Ms R Andreaou - 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 2024.

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

  3. 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

  4. 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 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
5
Navigator Services
37,392
New Home from Hospital
130,355
Lets Talk
15,724
Provision for homecare services
451,643
Take Home and Settle
68,438
Peer Practitioner
95,149
Long Covid Counselling
-
Other trading activities
3
4,490
Investment income
4
3,108
Total
806,299
EXPENDITURE ON
Charitable activities
6
Navigator Services
35,310
New Home from Hospital
37,294
Lets Talk
28,787
Provision for homecare services
505,539
Break the cycle
-
Take Home and Settle
86,926
Peer Practitioner
46,332
Long Covid Counselling
-
Total
740,188
NET INCOME
66,111
RECONCILIATION OF FUNDS
Total funds brought forward
461,822
TOTAL FUNDS CARRIED FORWARD
527,933		 Restricted
funds
£
64,080
-
-
-
-
-
-
-
-
-
64,080
-
-
-
-
41,374
-
-
-
41,374
22,706
41,788
64,494		 2024
Total
funds
£
64,080
37,392
130,355
15,724
451,643
68,438
95,149
-
4,490
3,108
870,379
35,310
37,294
28,787
505,539
41,374
86,926
46,332
-
781,562
88,817
503,610
592,427		 2023
Total
funds
£
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

The notes form part of these financial statements

Page 8

ALPHA CARE SPECIALISTS LTD

BALANCE SHEET 31 MARCH 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
3,636
CURRENT ASSETS
Debtors
13
77,846
Cash at bank
453,430
531,276
CREDITORS
Amounts falling due within one year
14
(6,979)
NET CURRENT ASSETS
524,297
TOTAL ASSETS LESS CURRENT
LIABILITIES
527,933
NET ASSETS
527,933
FUNDS
16
Unrestricted funds:
General fund
Restricted funds:
Break the cycle
TOTAL FUNDS		 Restricted
funds
£
-
-
64,494
64,494
-
64,494
64,494
64,494		 2024
Total
funds
£
3,636
77,846
517,924
595,770
(6,979)
588,791
592,427
592,427
527,933
64,494
592,427		 2023
Total
funds
£
5,281
20,799
509,676
530,475
(32,146)
498,329
503,610
503,610
461,822
41,788
503,610

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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

BALANCE SHEET - continued 31 MARCH 2024

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 .............. 23.12.24...................... and were signed on its behalf by:

............................................. Ms R Andreaou - Trustee

The notes form part of these financial statements

Page 10

ALPHA CARE SPECIALISTS LTD

CASH FLOW STATEMENT for the Year Ended 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by 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		 2024
£
5,140
5,140
-
3,108
3,108
8,248
509,676
517,924		 2023
£
228,752
228,752
(325)
653
328
229,080
280,596
509,676

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 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2024 2023
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 88,817 75,032
Adjustments for:
Depreciation charges 1,643 2,252
Interest received (3,108) (653)
(Increase)/decrease in debtors (57,045) 159,793
Decrease in creditors (25,167) (7,672)
Net cash provided by operations 5,140 228,752

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank 509,676 8,248 517,924
509,676 8,248 517,924
Total 509,676 8,248 517,924

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 2024

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.

Trade and other debtors are recognised at the settlement amount due

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

continued...

Page 13

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Taxation

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

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

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		 2024
£
64,080
2024
£
64,080
2024
£
4,490
2024
£
3,108		 2023
£
62,500
2023
£
62,500
2023
£
2,124
2023
£
653

continued...

Page 14

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

5. INCOME FROM CHARITABLE ACTIVITIES

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		 2024
£
37,392
130,355
15,724
451,643
68,438
95,149
-
798,701		 2023
£
38,470
122,496
14,695
434,461
70,000
83,076
10,152
773,350

6. CHARITABLE ACTIVITIES COSTS

Direct Staff Costs Support Costs Total
Charitable activities
Navigator Services 390 30,458 4,461 35,309
New Home from Hospital 8,970 23,864 4,460 37,294
Lets Talk 433 23,894 4,460 28,787
Homecare 18,907 371,688 114,944 505,539
Take Home 1,877 70,622 14,427 86,926
Peer Practitioner 178 41,693 4,461 46,332
Break the Cycle 19,981 21,393 - 41,374
50,736 583,612 147,213 781,561

7. SUPPORT COSTS

£
Wages (including employers NI and pension) 72,074
Insurance 6,740
Postage and stationery 1,145
Advertising 1,186
Repairs and maintenance 8,887
Professional fees and third party services 5,006
Travel costs 1,576
Computer expenses 1,188
Training 4,625
Depn of plant & machinery 1,398
Depn of fixtures & fittings 189
Depn of computer equipment 57
Bank charges 427
Independent examiners fees 1,025
Independent examiners fees non-IE work 4,278
Rent 27,722
Telephone 5,897
Payroll provider costs 3,795
147,213

Page 15

continued...

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

8. NET INCOME/(EXPENDITURE)

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

2024 2023
£ £
Payroll provider costs 3,795 5,667
Depreciation - owned assets 1,645 2,252
Independent examiners fees 1,025 975
Independent examiners fees non IE work 4,278 1,750

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
607,289
39,949
8,446
655,684		 2023
£
595,834
41,383
8,307
645,524

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		 2024
2
22
1
1
1
1
3
1
-
32		 2023
5
19
1
1
1
1
3
2
1
34

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

Page 16

continued...

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Charitable activities
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
2,124
Investment income
653
Total
776,127
EXPENDITURE ON
Charitable activities
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		 Total
funds
£
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

continued...

Page 17

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

12. TANGIBLE FIXED ASSETS

Fixtures
Plant and
and
Computer
machinery
fittings
equipment
£
£
£
COST
At 1 April 2023 and 31 March 2024
3,543
14,442
21,675
DEPRECIATION
At 1 April 2023
3,257
13,685
17,437
Charge for year
57
189
1,399
At 31 March 2024
3,314
13,874
18,836
NET BOOK VALUE
At 31 March 2024
229
568
2,839
At 31 March 2023
286
757
4,238
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
37,764
Accrued income
34,693
Prepayments
5,389
77,846
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
-
Social security and other taxes
1,599
Other creditors
1,360
Accrued expenses
4,020
6,979
15.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024
£
Within one year
-		 Totals
£
39,660
34,379
1,645
36,024
3,636
5,281
2023
£
9,516
3,674
7,609
20,799
2023
£
11,213
9,192
1,816
9,925
32,146
2023
£
7,609

continued...

Page 18

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

16. 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 1.4.23
£
461,822
41,788
503,610
Incoming
resources
£
806,299
64,080
870,379
At 1.4.22
£
418,351
10,227
428,578		 Net
movement
At
in funds
31.3.24
£
£
66,111
527,933
22,706
64,494
88,817
592,427
Resources
Movement
expended
in funds
£
£
(740,188)
66,111
(41,374)
22,706
(781,562)
88,817
Net
movement
At
in funds
31.3.23
£
£
43,471
461,822
31,561
41,788
75,032
503,610

continued...

Page 19

ALPHA CARE SPECIALISTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

16. 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
£
776,127
62,500
838,627		 Resources
Movement
expended
in funds
£
£
(732,656)
43,471
(30,939)
31,561
(763,595)
75,032		 Resources
Movement
expended
in funds
£
£
(732,656)
43,471
(30,939)
31,561
(763,595)
75,032
75,032

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 1.4.22
£
418,351
10,227
428,578		 Net
movement
in funds
£
109,582
54,267
163,849		 At
31.3.24
£
527,933
64,494
592,427

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,582,426 (1,472,844 ) 109,582
Restricted funds
Break the cycle 126,580 (72,313) 54,267
TOTAL FUNDS 1,709,006 (1,545,157 ) 163,849

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 2024

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024 (2023 : £NIL)

Page 21

ALPHA CARE SPECIALISTS LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Provision of homecare services
Long Covid Counselling
Navigator Services
New Home from Hospital
Peer Practitioner
Lets Talk
Take Home And Settle
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Advertising
Sundries
Rent
Training costs
Repairs and maintenance
Professional fees
Volunteers expenses
Groceries
Third party services
Computer expenses
Travel
Recruitment
Plant and machinery
Fixtures and fittings
Computer equipment		 2024
£
64,080
4,490
3,108
451,643
-
37,392
130,355
95,149
15,724
68,438
798,701
870,379
607,289
39,949
8,446
6,734
6,442
2,125
1,716
1,639
29,918
8,305
9,826
3,969
-
17,938
20,557
1,186
3,930
-
57
189
1,397
771,612		 2023
£
62,500
2,124
653
434,461
10,152
38,470
122,496
83,076
14,695
70,000
773,350
838,627
595,834
41,383
8,307
6,498
11,119
1,427
2,101
949
30,435
3,732
8,936
4,631
264
17,465
11,915
2,223
4,286
417
72
252
1,927
754,173

This page does not form part of the statutory financial statements

Page 22

ALPHA CARE SPECIALISTS LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
Support costs
Finance
Bank charges
Governance costs
Payroll provider costs
Independent examiners fees
Independent examiners fees non IE work
Total resources expended
Net income		 2024
£
852
3,795
1,025
4,278
9,098
781,562
88,817		 2023
£
1,030
5,667
975
1,750
8,392
763,595
75,032

This page does not form part of the statutory financial statements

Page 23