Chartty rogistration number 1088236 Company reglstration nurnber 04263352 (England and Wales) BOSENCE FARM COMMUNITY UMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BOSENCE FARM COMMUNITY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru$t&es lan Colton Malcolm Jones Karon Clark Edward Chapman Mary Vyvyan Francesca Haydon Sue Turk Sacretary Kale Prosser Chaflty number 1088236 Company numbor 04263352 Registèred offlce Bosence Farm 69 Bosence Road Townshend Hayle Cornwall TR27 6AN Audltor SumerAudlt Amelia House Cre8cenl Road Worthing Wesl Sussex BN11 1RL Bankers Lloyds Bank 8imiingham OSC Ariel House 2138 Coventry Road Sheldon B28 3JW Sollcltors Stephens Scown LLP Osprey House Malpas Road Truro Comwall TR1 1UT
BOSENCE FARM COMMUNITY LIMITED CONTENTS Page Trustees, report Statement of Iruslees, responsibilities 10 Independent auditor's report Stalement of financial acllvilies 14 Balance sheet 15 stal8m8nt of cash flows 16 Notes to the financial statements 17-32
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} FOR THE YEAR ENDED 31 MARCH 2024 The truslees. who are director¥ for the purposes of Gompany law. are pleased lo present their report and financial statements for the year ended 31 March 2024. This report is a combined annual report con18ining a directors, report as required by company law. The financial statements have been prepared in accordance wlth the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Chariti6s. Statement of Recommèndèd Practice 8pplicable to charits'es preparing their accounts in accordanc& with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)" leffectiV8 1 January 20191. Objectlves and activities The broad object of the charity is 'To relieve Fovety. sithness, distress. and th8 provision of temporary accommodation fof those in necessitous circumstances with particular regard to those who are attected by addiction lo drugs and alcohol misuse" In the furtherance of these objects the charity provides suitable accommodation, counselling, education, support and infomation lo drug and alcohol misusers, together with their friends and relatives. The tharity also promotes training and résearch into the dangers arising from the habitual or cther uses of drugs and alcohol. In addilion the tharity promotes and provides the development of new facilitie8 pertaining lo the Ifealmenl and rehabilitslion of drug and alcohol misusers and prevention of drug and alcohol misuse. The Iruslees have paid due regard to guldance issued by the Charily Commission in deciding what actlvitles the harily should undertake. In particular the trustees consider how planned activities will contribute to ils aims and objectives. The Charity's activities deliver public benefit as follows.. Bosence Farm is a residential substance misuse tr8almenl seNlc&, registered wtth th8 Care Quality Commission. The charity currently offers two discréla services.. Bosence Rehab and Bosence Detox, These services are supported by our horticultural and volunteer programmes. The fomer Young Person's service ran for just over 3 years, and was closed al the start of Covid in order lo use the building to quaranllne new admissions for the adult deloxjstabilisatlon service. The charity has now changed the layout cf the interior of the building to ensure it offors greatest flexibility. It has 5 single rooms with eTrsuile bathrooms, ils own kitchen, and clinical suite, so can be operated as a wing of the main deloyjslabllisalion unit, as additional 8ccommodalion for either service, or ¢omplelely discretely, allowing us to use it flexibly to address Ihe greate51 need al th81 lime. Bosence Rehab Bosence Rehab supports those who have successfully detoxed from any substance and are in recovery from alcohol andlor dfug dependency. The av8rag8 stay at Bosence Rehab is usually 12 weeks, although a number of people are granted additional funding as part of the review process which is nomially al the half way point of rehab treatment. The service provides residential treatment for up to 21 individuals, based on our east wing annex being used flexibility for either Rehabilitation or Deloxificalion trealmenl, however the Rehabilitation unit has 1 S fixed beds with one of the bedrooms is an en-suitè, accessible room for an individual with reduced mobility. The community offers those choosing to work a 12 Step programme a safe and tranquil environment to both begin and enhance personal recovery. Addllionally, 8osence Rehab integrates a Irauma-infomied approach, guided by the Compassion Inquiry training developed by Dr. Gabor Maté. This approach focuses on understanding and addSsing the underlying trauma that often contributes to addiction. empowering indlvSduals to achieve personal goals and live independently wilhoul resorting lo alcohol or drugs. Bosence Rehab offers a wide range of skill development, including life-skills, resettlement and aftercare support. All elements are aimed al empowering individuals lo achieve personal goals and live independenuy, wthout ihe need to resort to alcohol or drugs, by the lime they leave. There is also an opportunty for Ihose who have been through treatment to come back and volunteer where appropriate. During the 2023r24 financial year. we provided 92 episodes of treatment (66 in 20221231. Of the 78 people who left the service in the period, 50 completed Ire8tmenl. This represents a SU$$fUl completion rate of 64.10°kn compared 10 57.gOA in the previous year. Out(x)mes of service users completing their course of treatment have reduced this year as we have seen an increase in people being referred with complexrties induding greater mental health issues however we a continuing to analyse this and understand Ihe reasons lo help us improve and attain better completlDn rates for service users in Ihe coming yeaT5.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Average occupancy for the full year increased lo 16.18 compared wlh 11.02 {Ihe aver8ge number of Servi users in Rehab per dayl in the previous year. Demand and referral levels remain unpredictsble and dependent on many factors, including the availability of funds. Our Business Development Manager has been tendering for business around the UK and this has led to an increase in out of county and private refèrrals. Bosence Detox Bosence Detox is a 16 bed unrt that can be increased to 21 where based on need by using the east wing annex in a flexible way "inpallent service. providing detoxffication, stabilisation and assessment for drug and alcohol addiction opened in May 2010. The average length of stay is around 3 weeks dependent on the substances however in some cases service users may stay up to six weeks and either move ¢Jn to residential fehabililalion or return to the communty. 291 episodes of treatment were delivered in 20231241271 in 2022123 and 237 In 20211221 with 278 discharges and 239 of this total completing their course of treatment. This represents a successful completion rate of 85.97% {74.50Yo in the previous year}. The Complexity of the problems service users are experiencing when coming into treatment conlinue$ to increase. The young person's service was closed in March 2020 and Ihe en suite rooms are now being used fiexlbly to Increase occupancy in Detox and Rehab based on need. We are able lo admit 8 people a week and use thls space to ensure we can meel demand more effectively as well the increased occupancy having a direcl impact on the financial stability of the organizalion. The Board of Trustees agreed to keep the question of re-opening thg service io young people under review if the position on funding 2nd need changes significantly. We commissioned a review of the psychosocial programme lo better meet the unique needs of individuals undergoing deloxificalion and stabilisalion and to ensure 8 r&search and evidence focused treatment approach. The bespoke programme was implemented in the May 2019 gnd indications from review to date has shown that this has b88n popular and well received by the servic8 users and successful in buildlng ongoing resilience for servlce useTS Post treatment. We are also working on creating a single gender cohort as this has been highlighted as a need by commissioners. Bosence Farm Community is an established and Integrated p8rt of the wider Comwall Ireatmenl system as well as now becoming well known out of county. Bosence Detox continues to develop towards its goal of becoming a centre of excellence and has invested in staff enrolling on the Compasslonate Inquiry Trauma Informed training which Is widely pefceived lo be at the forefronl of innovative drug and alcohol treatment Bosence Horticultural Pro ramme During the last year the weather has been challenging, from dealing with very dry conditions. especially In the spring and early summer, to coping with prolonged very wet weather through much of the winter. Despite this. the apple trees in the orchard garden produced much more fruit than previous years, to the point that we Couldn't get through them 811 in time. This led lo a plan to make apple juice this coming season should there be a similarly large harvest. The fruit laden trees also provided an opportunily lo teach residents about fruit thinning, including the how, why and when to do it. The 2023 growing season was a successful one with the vegetable garden producing bounlrful crops of root vegetables, including pota1$, carrots and beetroot and plentiful harvests of greens, brassicas and 811iums for much of Ihe autumn and winter monlhs. The polytunnels, which really are invaluable when it comes lo producing both summer and winter crops, yielded good crops of tomatoes, melons, sweet¢om, cucumber5 and peppers in the summer, and a steady supply of lettuce. salad leaves and culinary herbs throughout the winter. The benefits of applying copious amounts of organic manure, green wasle compost and compost produced on-srte to the vegetable beds over the past four years has started to show with greater worm abundance, deeper and better tOP50iI and improved crop health all apparent. Through thè winter months the tirnr of of the raised beds was repFaeed. The reconfigured beds are now the same dimensions as most of the other raised beds and are deeperthan the old ones. having been filled with a mixture ot good quality compost and manure. Several benches were also ma¢Je to piovide greater provlslon of seating spots around the grounds. 11 is rw possible to essentially bench-hop around the site. The aim is to encourage residents to get outside as much as possible and to get Ihem moving more and enjoying the nature-rich sile thal Bosence is.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 H bitat mana ement Further woodland management work was carried out in the winter. with the last of the original steps r¥aced. It means all the steps which total over 120 are now sound solid steps which should last several years. Certain parts of the trail were improved, and more strimming was undertaken lo reduce blackthom and bramble lo encourage bluebells and other woodland spring flowers as well as to limit the spread of impenetrable thicket. The result is an enhanced habitat which feels brighter, healthier and more inviting, especially in the springtime when areas are carpeted with native bluebells. Owing to the managemenl of bramble and blacklhorn and the reduction of low-light levels Ihrough ivy removal, no less than ten wildflower species have increased in abundance considerably. There are now three wSldllfe cameras installed across the site. The footage is shared with residents and fomis part of a wildlife identification and survey session. Roe deer are now being seen on a more regular basis in the meadow, wher& early purple orchids are appearing in growing numbers each year. The orchard garden and its pond support a rich llora and fauna which are now used as educational resources on régular basis. with sessions of pond dipping, botany, bulteffly and bee idenlificalion all part of the revamped nature programme. The addition of beehives to the sile last spnng has added another ¢Jlmension to the gardens and allows for residents to learn some of the basi¢$ about beekeeping. ecov inN The programme's lille has been changed lo 'Recovery in Nature, from 'Ecolherapy'. It was felt that the name Ecolherapy was somewhat off-puttlng, usually owing to misconceptions about what the term meant or what sort of activities it would Involve taking part in. The programme itself has been revised and now consists of len differenl sessions. These are pond dipping, herbal lea-making, nature observation and creative writing, botany, nature-inspired drawing, nature hunt, forest bathing and mindfulness, flre, microscopy and wlldlrfe identificatlon and suNey. A further improvement to the Recovery in Nature programme is co-workers have started deliver(ng extra Recovery in Nature sessions three times a week. There is also a scheduled weekly green gym session as weil as a weekly gardening session. All sessions are open to residents from both the detox and rehab. Ail this means that the opportunities for residents to get outside and leam, be acllve and engage with the natural environment have greatly increased over the last year and should hopefully help enrich their lime spent al Bosence. Thé recent development of thè Récovery in Nature programme coupled with the expanslon of the wellbeing programme are very pleasing to witness. Gieal progress has beèn made in the last year and provides me with excllement about further potential groW(h and Improvement for the future. Bosence Volunteer Pro ramm Our team of volunteers compllment the work of staff in various ways. Thirteen volunteers have either helped run or led sessions themselves in aclivitses including drawing. card-making. music, poliery, Greative writing. storytelling, wrealh-making, mindfulness, gardening and ecotherapy. Volunteer hours for the year 1st April 2023 to the end of March 2024 lotslled 318. Three new volunteer gardeners have started over the last year and several ex-residenls have given theirtime as peer mentors at both the detox and rehab units. Additionally, a junior doctor and an ex-resident have applied to volunteer with us and the Cornish clothing brand Seasall have started sending Staff lo us for volunteer days throughout the year. Quali Commissior) Our services reiVed their first rated inspection by the CQC in December 2018 and, as a result of a posil've inspection, were rated 'Good We have not been assessed since but continue to work dosely with our CQC engagement offitsr, with the aim of improving our raling to "Outstanding" at the next opportunity The Sanctuary continues lo be a very valuable asset in many aspects of the Work undertaken al Bosence Fam. being used for private meditation arKI prayer. relaxation groups and other meetings. However, the building is without plurnbing or satisfactory healing, so is nol adequate for the charity'5 current needs. We worked with a local architect lo design a replacement on the same footprint and gained planning permission in 2018 in order to make the building ore accessible and usable. but Ihese plans were put on hold during the Covid pandemic and the pemission has now lapsed. They are now being reviewed as part of the wider strategic plan for growth. the plan for the Sanctuary included office space, a Iraininglconferencelgroupwork faality as well as an accessible lavatory, and kitchen f8cililies. and the enhanced FAans will develop on this but will now also include increased accommodation lo meet the ever- growng demand for our rehab service. We antiupate that a cosled proposal will be ready to present to the Board at the Board meeting in July 2024, along with a fully evidenced justification for such an expansion.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financlal revlew The financial aclivits'es and results for the year are shown in the slalement of financial 8Ctivitles on page 14. Goin Concern The Irustees have discussed Ihèir ability to predict that the charity is a going concern for the next 12 months. We report that. in our opinion.. there continues to be high demand for the services offered., the free and operating reserves are sufficient to cover an unknown scènario with relation to the current and possible continuation of the Covid-19 pandemic,, and we have no other knowledge that puts the organisalion at risk. Therefore, Skjbject to an unknown, unpredictable situation otturring, the trustees have good reason to bèlieve th8t the charity will be a going concern for the next 12 months from the date of approval of this report. Réserves olic The eharity's reséNes policy was Initlally set in January 2005 and included the creatlon of degnated reserves, namely. the Bosence Farm Reserve (for residents, accommodation and wholly represented by fixed assets). On an annual basis the trustees consider and review the needs of the charity and designate funds for specrfic future purchases, services or projects. The priority is to m8xlmlse the rehab redevelopment designated reserve in line with the current strategic plan. In addition, they have also chosen lo designate six months of operating costs to ensure the continuity of the Charity. The trustees review the designated funds regularly throughout the year. The total funds of the charity al 31 March 2024 were £3.745,36612023.' £3,565.020). The arnount of these funds Ihal were restricted and not available for the general purposes of th& chanty at 31 March 2024 were £1,769,787 {2023-. £1.802,3921. Of the remaining reserves held, a total of £1,568,244 (2023= £1,322,928} have been d&signated for various projects, as detailed ift note 19. Funds that can only be realised by disposing of tangible fixed 8S5ets at 31 M8r¢h 2024 amount to £1,757,258 of restricted funds and £588,087 of unreslrlcted funds. Al 31 March 2024, the amount of reserves the charfty hèld that were not restricted. designated or repsented by fixed assets were £208,450 {2023'. £328,634}. Th8 aim of the charity is to maintain a free resefye figure of around £200,000 to mitigate the risk against unforeseen clrcumstances wllh any reseNes in ex¢ess of thls figure belng Ir8n$ferred lo thè réhab redevelopment désignated reserve. Princi al fundin sources The funding sources of the charity, In addition to non-recurring grant funding, are Cornwall Council through the Complex Needs Support and Drug and Alcohol Action Team, income from private and oul-of-county residents. Fundraising continued through 2023-2024 and applicab'ons to external funding bodies. charitable trusts and foundations continu8d for funds lo support existing core work and capital developments. The fundraising slralegy will be maintained and developed through coming year with a clear focus on our existing sOUrS of support and a strong emphasis on building long-term relaÉionships with funders and developing effective rrethods of communication wlh supporters and individual donors. Cornwall Community Foundation £5,000 awarded in June 2023 for activities for residents. Penryn Town Council £353 in June 2023 and £3,823 in May 2024 unrestricted donations. The N8tion81 Lottery grant of £160,500 over 3 years lo support the We Can Grow Project {£28.000 received August 2023 and £28,000 received February 20241- The Worshipful Company of Girdlers for their ongoing support and £10,000 in June 2023 towards the salary costs of the Team Leader in the Detox Unil. The Worshipful Company of Girdler5 for £7,000 in October 2023 for an all-terrain electric buggy. Duchy Health Charity £20,000 in October 2023 towards a new consetvalory
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 There hav8 b8en several considerate bequests from the families of fOrnr service users, to which the charity is Indebled. Vve have also been grateful over the past 12 months for donations from individuals of a new sofa for the farmhouse, a new TV and printer and new furniture from Cornwall Volunlary Sector Forum for the Board Room. Invastmenl olic The trustees have consldered the most appropriate policy for Investing funds and believe that the current arrangements. of investing in low risk deposil-based accounts, are salisfaclory. The charity has deposit accounts with Santander, Saffron Building Society and a new 95-day notlC8 deposit account with Lloyds Bank which esrn monlhly Interest. In addition, the charity holds the follong savlros accounts.. A one year fixed rate business saving account is held with Aldemore. A 95 Day Notice Business Savings Account with Cambfidge 8 Counties. A 100 Day Nolice Charity & Trust Account with Shawbrook Bank. Risk assessment The major risks lo which the charlly Is exposed, a8 identified by the Trustees. are regularly reviewed. and 8y8lem8 or procedures have been established to manage those nsk8. The charity maintains an 8clive Bu8ine88 Risk Register to keep potential risks in review, and any new or significant updales are raised al each BoaTd meeting. NeY identified risks or updates to existing risks are managed accordingly or 8dded to th6 Busin8ss Risk Regist8r with appropriate actions. Since 1881 year, th8 charity has enhanced its govemance and oversight by creating five board sub-committees, comprising members of the board and the Senior Managemenl Team. Thes& sub-committees delve deeper into specific areas, allowing for more detslled risk assessment and management. Additionally, wè have developed a new Strategic Plan with strategic inilialives delegated to the various sub-committees. Each sUb-mmittee reports back to the full board, ensuring comprehensive oversight and integration ot strategic objectives. An operational plan has also been created, linking directly to the Strategic initiatives. This plan breaks down strateglc objectives into detailed operational initialiv8s, which arè cross-referenGed to thè Strategic Plan, ensuring coherence and alignment in our efforts. A prineipal risk that is kept under Constant reviews is that of significant changes in funding from Comwall or Plymouth local authorities, which have been a principle source of funding, The management team and Board representative meet regulady with the Servi commissioners lo discuss budgets and commissioning intentions so we are able to forward plan. The proportion of bed days for residents outside of Cornwall continues lo increase. from 1,704 of 8.702 bed days {19.589AI for 2019120 to 6496 of 10,922 bed days159.47QAI. In the last 5 years we have provided treatment to individuals 65 different local authorities. The charity employs a Business Development Manager to grow sources of rèferral (both state funded and private}. vvr(h new contracts lolher local authorities and organisalions etcl joining throughout the year as a result of his work. we anticipate continued growth and diversification of funding scurces. We are as of June 2024, hvo and a hall years Into the current 10-year drug strategy. Much work is being carried out at present to increase residential trealment placements from community services nationally, wth a 5-year target to reach 50h of the treatment populats'on from the current figure of less than 20 Strategies lo address the risk of decreasing slate funding include the employment of a part lime fundraiser lo provide additional unreslticled income towards running costs and to fund capital projects to enable growth. expansion and development of new and existing services. Grant fundlng and donations are not taken for granted and non-agreed funding is not built into the annual budget.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We are in the proces5 of developing a comprehensive marketing and business devetopmenl strategy. The strategy will encompas5 a detailed market analysis, clearly define larget audiences, KPI'S and an actlonable plan for generating business from a variety of sources including the private market which represents an opportunity for further growth. In line wlth this strategy. updated brochuresltimetsbles will be produc8d that reflect current work tsking place lo deliver trauma informed practice approach. A marketing strat8gy targets commissioning groups and audi8nc&s with individualised approaches. Many of the tasks in the strategy were put on hold during the pandemic whilst the chafity had restricted capaaty to admit and a significant wailing list but are being rolled out as occupancy allows. The plan links dlreclly to the aims of the 6-year strategic plan, and the Board will measure its success against those objedives. Trustees and the various sub-committees closely monitor the charity's legal r6sponsibilities to ensure they are met while protecting ils charitable assets and safeguarding vulnerabl& beneficiaries. The Board meets regularly in person lo support the prepafation and implementation of dynamic plans addressing future nsks and opportunities. The operational team has proven highly adaptable and creative, operating safely and effectively while anticipating and responding lo the changing landscape. Truslees $¢rutinise regular management accounts with revised forecasts and closely monitor changing risks to meet the charity's challenges and support staff wellbeing. Health & Safe Health and safely is a standard itam on thè agenda for all Board meetings and it is, therefore, very much ongoing. The organisalion was certified undef OHSAS 18001.. 2007 IHeallh & Safety) in August 2014. In 2019 we migrated across lo the revised standard and were successfully accredited against the new standard of ISO 45001. Sue Turk 1$ th8 Health and Safety'champion, on the Board. Operationally. the Registered Manager, Samantha Collins 8Cts as th8 designated Héalth and Safety Officer, with the CEO, Kale Prosser having overall responsibility, wlh both holding current qualifications in Level 3 Health & Safèty in the Workplace. An internal audit of our systems was undertaken November 2023 8s well as a full external review of the Heallh and Safety procedures in February 2024. and we remain compliant with ISO 45001, with no non-conformances identified, We have a Health & Safety Committee, chaifed and run from wilhin the workforce, which was revamped and reslruclured In 2020, with annual external reviews of our processes as part of an ongoing programme. Samantha Collins chairs the Safely Committee Th8 organlsalion employs the seJNice8 of Peninsula, who provide quarterly slte assessmenls, a helpline for any speufic queri8s, and access to the services of Business Safe Online, which is set up for health and safety systems, support and advice. The charivs strategy has, at its heart, it3 residents. Every one of them Is an Indivldual, wilh individual experiences. aspirations and needs. It is our job to understand these needs and, in line with our mission statement, to provide safe, high qualrty and accessible services which help our residents achieve their full polenb'al. The charty's new Str*egic Plan focuses on Six broad aims: Be a really we114nanag•d organizallon,, We prioritize staff care and firsl-class training, ensuring we are attractive to commissioners through strong operats'onal and financial performance. We focus on gcod governance, excellent financial management, maintaining ISO and Health and Safety accreditations, and meeting CQC standards. Protect and future-proof our actlvRles: By strengthening our management structure, attracting new board members with speciffc skills. and conducting a skills analysis, we aim to ensure sustainable growth and adaptability post-covid. 3. Achieve an 'Outstandlng' CQC ratlng.. Followng our 'Good' dassification, we aim to consolidate and improve. targeting an 'Oulslanding' rating in our next inspection. 4. Enhance resident experience and outcome5'. Through conb'nuous improvement and feedback loops, we aim to understand and meet resident needs proacts'vely, ensuring programme effectiveness and resident wellbeing.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Develop existing sgrvlces: We focus on supporting residents with complex needs, such 8s dual diagnoses of substance abuse and mental health issues, and continuously refine our detox service and psycho-social programmes based on outcomes and user feedback. 6. Engage In proactive buslness development and dlversiflcatlon.. Vve employ a Business Development Manager and part-time fundraiser lo grow our funding sources and ensure financial stability and growth. One of the opening statements in the new strategic plan slates.. 'This can only happen if we provide world-class trealment options. delivered by the best staff in a great settlng, contlnuously lrnprove and evolve our offerlng and continue to extend delivery to servlce users UK wlde whilst meetlng all our compllance obllgatlons." The government h85 recently released a fjo-year drug strategy ¢alled 'From harm to hope" We need to align with this national stralegy to deliver our vision to be re¢ognis8d natlonally as 8 centre of excellen for residential addiction treatment. "From Harm lo Hope" has three major elements that are relevant to residential treatment and recovery.. - delivering world-class treatment and recovery services rebuilding the profes310nal WOTkfofce ensuring beller integration of services making sure that people's physical and mental health needs are addressed lo reduGe harm and support recovery We believe that the opening statement, and everything we have proposed that hangs from it, shows ihal we are aiming lo play our part in the govemmenfs national strategy. Structure, govornanco and managomenl The ch8Tity was incorporated as a Company limited by guarantee on 2 August 2001, it5 registratlon number being 04263352. 11 is governed by a Memorandum of Association and Artlcles of Association. The company was registered by the Chanty Commission as a charfty and 8ntered in the Céntral Register of Charities on 28 August 2001. The registered number is 1088236. The Iruslees. who are also the directors for Ihe purpose of ¢ompany law, and who served during the year and up to the date of signature of the finan¢ial statements were. Karon Clark Clive Harrold Gail Hunt Malcolm Jones ary Vyvyan Edward Chapma lan Colton Francesca Haydon Sue Turk Ruth Mounlslephen Lucy Maggs Resigned 10 October 2023} Resigned 10 October 2023} (Resigned 12 September 20231 (Resigned 7 June 20231
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 None of the truslees has any benefKial interest in the company. All of the tsustees are members of the company and guarantee to contribute £1 in the event of a winding up. ointment of trustees Trustees are appointed in line with our policy 'HR 38 Trustee Recruitment Policy and Procedure,. When potential trustees are identified they are invited to the Fami to meet with the Director and learn more about the services provlded. If they are Interested they complete a Personal Information Fom and the contents of that form are discussed at an ordinary meeting of Iwstees. If Ihe Board agrees then the Company Secretsry invites that person lo become a trustee. The Company Secretary 8upplie8 a copy of the Job Descrfpiion for Trustees, the Board's Prospectus, the Board's Mis8ion and Values statement, the Charity Commission booklet entitled 'The Essenttal TrLJslees' and Companies House bookl@t entitled 'Directors and Secretaries Guide,. Al that Same meeting the Board agrees the year for retifemenl should that person accept office because Irustees retire by thirds. If the interested person decides lo take office then helshe is invited to attend the next Board meeting. trainin f Irusl A new Iruslee will be offered a full induction into the work of the charity and of the board. When the néw trustee has attended board meetings they will be inviled to review Iheir training and development needs. A plan will be agreed as neSs9ry to ensure the appropriate training and developmenl takes place. A growing, online resource library, inciuding access lo previous minutes and various explanatory documents, is available lo trustees, and a full rev1 of the induction programme for new trustees is currently underway,. this will mirror that for new employees. anisalion The boaid of Iruslees administer the charity. The board meets every three months and there is a Sub-committe& for Finance and General Purposes. A CEO is appointed by the Board to manage the day to day operations of the Charity. The CEO has delegated authority. within terms of d&legalion approved by Ihe board, for operational matters. Al the Annual General Meeting each year the board aulholises the Chairman and the Vice-chalman, in consultation with the Company Secretary and Company Treasurer, to act on matters of urFncy beeen board meetings, with the Chairman of Finance and General Purposes Sub-commillee being included in th& consultslion when financial fflatters are involved, exp1 that the entering into of contracls 15 reserved lo the board. Management reports are yepared for thè board on a monthly basis. These reports are monitorèd by the Flnan¢e and GeneTal Purpose5 Sub-committee and then by the board. Th8 senior management team compri88 of the CEO (Kale Prosser} and Registered Manager (Samantha Collins) Arran emenl for sellin mana emenl ersonnel rernuneration The Iruslees have regard for pay comparability for all staff and this comes very much inlo focus when recruits'ng new staff members, with information taken from recruitment website and other channels. Pa ment of creditors The companls current policy concerning the payment of trade creditors is lo lollow the CBI'S Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DUI. The company's current policy concerning the payment of trade creditors is to.. settle the terms of payment with suppliers when agreeing the terms of each transaction.. ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts., and pay in accordance with the company's contractual and other legal obligations. Trade creditors of the company at the year end were equivalent to 21 days. purchases, based on the average daily amoLtnt Invoiced by suppliers during the year. Auditor In accordance with the company's articles, a resolution proposing that SumerAudit reappointed as auditor of the company will be pul at a General Meetsng.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosure of Informatlon to audStor Each of the trustees has confimed that there is no infomiation of which they are aware which is relevant to the audit, bLrt of which the auditor is unaware. They have fijrther confirmed that they have taken appropriate steps lo identify such relevant information and to establish that the auditor is aware of such information. The Iruslees. report was approved by the Boa f Trustees. lan Colton Trust80 Edward Chapman Trustee 23" July 2024
BOSENCE FARM COMMUNITY LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The truslees, who are also the directors of Bosence Fam Communlty Llmlted for the purpose of company law, are responsible for preparing the Trustees. Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice). Company Law requires the trustees to prepare financial slatements far eaGh financial year which &¥ve a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including thg income and expenditure, of the charltable company for that year. In preparing these financial slalemenls, the trustees are required to: select suitable accounting wlicies and then apply them consislenlly.. observe the methods and principles in the Ch8riti8s SORP., - make judgements and eslimales that are reasonable and prud8nt', - stale whether appllcable UKAccountSng Standards have been followed, subject to any material depaTtures disclosed and explalned In the financial statements., and preparè th8 financial statements on the going concern basis unless it Is inappropriate lo presume that the chanty will ntinUe in operation. The trustees are responsible for keeping adequate accountlng records that disclose with reasonable accuracy al any lime the financial position of the chanty and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonabl6 steps for the prevention and detection of fraud and other irregularities. 10
BOSENCE FARM COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOSENCE FARM COMMUNITY LIMITED Oplnlon We have audited the financial slatements of Bosence Farm Community Limited {the 'charity') for the year ended 31 March 2024 which comprise the ststement of financlal activitl8S, th8 balan sheet, the statement of cash flow8 and notes to the financial slalements, Including significant accounting policies. The financial reporting framework that has been applied in their preparalion 1$ applicable law and United Kingdom Accounung Standards, including Fin8nci81 Reporting Standard 102 The Financi81 Reporting Standard applicable in Ihe UK and Republic of Ir81and Iunited Kingdom Generally Accepted Accounting Practice)- In our opinion, the financial statements: give a true and falr view of the state of the cheritable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been propeAy prepared in a¢¢crdan¢e with United Kingdom Genèrally Accepted Accountrng Practice,. and have been prepad in accordance with the requlrem&nls of th& Companies Act 2006. Basls for opinion We conducled our audit In accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responslbllllles under those standards are further describ8d in the Auditorfs responsibilities for the audit of Ihg fin8n¢ial slatgments section of our r8POrt. W8 are independent of the charlty in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethic81 Slandard, and we have fulfilled our other ethlcal responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our oplnion. Concluslons relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the golng ¢oncern ba818 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintl85 relating to events or condition$ that, Individually or collèctivèly, may cast significant doubt on the chaiily's ability lo ¢ontinue as a going concem for a period of 8t least fwelve months from when the financial slalemenls are aulhorised lor i$sue. Our responslblllties and the responslbllities of the trustees wllh respe¢t to going Gon¢ern are descrlbed In the relevant sections of this report. Other Inforniatlon The other Infomiatlon Compftses the information included in the annual report other th8n the financial slalernents and our audilor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion Ihereon. Our responsibility is lo read the other infomation and, in doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially missiated. If we identify such material inconsistencies or apparent material misstatements. we are required lo detemiine whether this gives rise lo a material missl8t8ment in the financial slalements themselves. If. based on the work we have performed, we conclude Ihat there is a material misststement of this other informats'on, we are required to report Ihat fact. We have nothing to report in this regard. Opinions on other matters pres¢ribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit". the information given in the trustees. report for the financial year for which the financi81 statements are prepared. which includes the diiectors. report prepared for the purposes of company law. is consistent with the financial statements., and the directors. report included within the trustees. report has ten prepared in accordance with applicable legal requirements. 11
BOSENCE FARM COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BOSENCE FARM COMMUNITY LIMITED Matters on whlch we are requlred to report by exception In the light of the krbowledge and understanding of the charity and its environmenl obtsin8d in the Course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing lo report in respèct of the following matters In relation to whlch the Companies Act 2008 requires us to report to you if, in our opinion.. adequate accounting records have not been kept. or relums adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit-, or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take adv8ntage of the small companies, exemptions in preparing the trustees, report and from the requirement lo prepare a strategic report. Responslbllltles of trustees As explainad more fvlly in the statemerrt of Iruslees, respon$ibllltle8, the trustees. are al80 the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intern81 control as the Iruslees determine is necessary to enable the preparation of flnancial statements that are free from malerial misstatement, whelher due to fraud or effor. In preparing the financial statements, the trustees are responslble lor assessing the charity's ability to conllnue as a going concem, disclosing, as applicable, matters related to going concern and using tha going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or lo cease operations, or have no realistic alternative bul lo do so. Auditor's r08ponsibilitiès for thg audit of th& financial Statemènts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an audltor's report that includes our opinion. Reasonable assurance is a high level ol assurance but Is not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered matefial if, individually or in Ihe aggregate. they could r8a$on8bly be expected to influenco the economic decislons of users taken on the basis of these financial slalemenls. The extent to which our procedures are capable of detecting irregularities. Including fraud, is detailed below. In identifying and assessing risks of material misstatement in respect of irregularitr'es, including fraud and nor compliance Imth laws and regulations, our procedures included the following.. Obtaining an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a direct effect on the financial stalements and operations,. Obtaining an understanding of the charity's policies and procedures on fraud risks. including knowledge of any actual, suspected or alleged fraud., and Discussing among the engagement team how and where fraud might occur in the financial statements and any potenti81 indieators of fraud through our knowledge and understanding ol the company and our sector- specific experience. As a result of these procedu$, we considered the opportunilies and incentives Ihat may exist within the charity for fraud. We are also required lo perform specific procedures to respond to the risk of management override. As a result of performing the above, we identified the following areas as those most likely to have an impact on the financial slatemenls.. health & safety. employmenl law, compliance with the UK Companies Act and Charities Act. 12
BOSENCE FARM COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BOSENCE FARM COMMUNITY LIMITED In addition to the above, our procedures to respond lo risks identified included the following.. Making enquiries of management about any known or suspected instances of non-compliance with laws and regulations and fraud.. Reviewing minutes of meetlngs of the beard and senior management- Reading correspondence with regulators., Challenging assumptions and judgements made by management in thelr significant accounting estimates-, and Auditing the risk of management override of controls, including through testing joumal entries 8nd other adjustments for appropriateness. Due lo the inherent limitaticns of an audlt, there is an unavoidable rlsk that s¢)me material misststemenls in the financial staterrntS may not be detected. even though the audit is properly planned and perfomied in accordance th the ISAS {UKI. For instance, the further removed nOnOmPliance is from the events and transactions reflected n the financlal statements, the less likely the audltor Is to become aware of il or to recognlse the non-compliance. A further descrSption of our responsibilities is avallable on the Flnan¢lal Reporting Council's website at.. https.'Il .fr¢.org.uklauditorsresponsibilities. This de8cfipiion forms part of our auditof's report. U88 of our report This report is made solely to the charitable company's members, as a body. In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charllable company's members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. w6 do not accept or assurne responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Krlstlna Perry FCCA (Senlor Statutory Auditor) for and on behalf of Surnfrr Audlt Chartered A¢countan¢$ Statutory Audltor Worthlng IL LI 2024 SumerAudlt Is a tradlng name of Sumor Audltco Llrnlted 13-
BOSENCE FARM COMMUNITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted RestrÈcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 6,544 2.084,062 7,895 70,032 76,576 2,084,062 7,895 9,272 1.780,517 2,516 107,082 116,354 1.780,517 2.516 Total In¢om• 2,098,051 70,032 2,168,533 1,792,305 107,082 1,899,387 Ex Charitable aclivllies Other 1,885,550 102,837 1,988,187 1,670,814 133,561 36,949 1,804,375 36,949 Total expendltur8 1.885.550 102,637 1,988.187 1,670,814 170,510 1,841,324 Net Incoming resources 212,951 {32,6051 180.346 121,491 {63,4281 58,063 Net movement In funds 212,951 132.6051 180,346 121,491 163,428) 58,063 Fund balances at 1 Aprfl 2023 1.762,628 1,802,392 3,5S5,020 1,841.137 1,885,820 3,506,957 Fund balances at 31 March 2024 1,975,579 1,769,787 3,745,366 1,762,628 1.802,392 3,565,020 Th8 statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derlve from Continuing aclivilies. The statement of financial activities also complies with the requirements for an income and expenditure account under the Compani88Act 2006. 14-
BOSENCE FARM COMMUNITY LIMITED BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 2,345,345 2,297,286 Current assets Debtors Cash at bank and in hand 14 213,561 1,396,817 321,811 1.094,270 1,810,178 1,416,081 Credltors: amounts falllng due wlthln ono yoar 15 1210.157) {148.347) Net current assets 1.400,021 1,267.734 Total assets less current Ilabllltles 3,745,366 3,565.020 Income funds Restricted funds restricted funds Designated funds General unrestricted funds 18 1,769,787 1,802,392 19 1,568,244 407.335 1,322,928 439.700 1.782,828 1,762,628 3,745,366 3,565,020 The financlal stslements were approved by the Trustees on 23" July 2024 lan Colton Trustee Edward Chapman Truslee Company reglstratlon ber 04263352 15-
BOSENCE FARM COMMUNITY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from opèratlng actlvllles Cash gen8raled from operations 25 409.990 135,061 Investlng actlvltles Purchase of tangible fixed asse18 Investment income received {115,539) 7,895 {52,396) 2,516 Net Cash used In investlng activltles {107,6441 149,880) Net cash u88d In flnanclng 8Ctlvltiès Nét Incr8asollde¢r•aso1 In cash and cash equlvalents 302.347 85,181 Cash and cash equivalents at beginning of year 1,094,270 1,009,089 Cash and cash equivalents at end of year 1,396,617 1,094,270 16
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charlty Infonnatlon Bosence Farm Commtsnity Limited ILimi18d by Guarantee) is a private company limited by guarantee incorporated in England and Wales. The registered office is Bosence Fam, 69 BOSen Road, Townshend, HAYLE, Cornwall, TR27 6AN. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the chaiity's goveming document. the Companies Act 2006 and "Accounting and Reporting by Charflles.. Statement of Recommended Practi applicable lo charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021. The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which is the functional Currency of the charity. Monelary amounts in these financial slalemenls are rounded lo the nearest £1. The financlal statements have been prepared under the hlsloric81 cosl convention, modified lo include certain financial instruments al fair value. The pnncipal accountsng policies adopted are set out below. 1.2 Golng concern At the lime of approving the financial statements, the tnjstees have a reasonable expectatlon that the charity has adequate resources to conts'nue in oper8tlonal exlsten¢e for the foreseeable future. The trust8es have considered relevanl information, including the charity's principal risks and uncertainties, the annual budget. year financial forecast and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available lo the enlity, the trustees have concluded that there Is no material uncertainty and Ihat Ihey can continue lo adopt the going concern basis in pr6panng the annual report and financial statements. 1.3 Charltable funds unrestrict fund$ are available for use at the discretion of Ihe tNstees in furtherance of their charitablé objectives. Restricted funds are subj'ect to specific conditions by donors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. Designated funds comprise funds which have been set aside at tre discretion of the trustees for spe¢ifi¢ purposes. The purposes and uses of the deslgnated funds a set out in the notes to the financial statements. 1.4 Income Income is recogni5ed when the charlty 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 are recognised on receipt. Olher donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recovérable in relation to donab'on5 received under Gift M'd or dee(Is of covenant is recognised al the time of the donation. Investment income is recognised on a receivable basis.
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (ConnUed) Legacies ar& reccgnised on receipt or otherwise if the charity has been notÉfied of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the18gacy is treated as a contingent asset. In accordance with Ihe Charities SORP {FRS 1021. the lime provided by gener81 volunteers is not r6cognised. More information about volunteers. contributions is induded in the trustees. report. Grants, including government grants, are recognised when the charty has an entitlemenl to thè funds and any conditsons linked lo the grants have been met. Where performance cor)dilions are attached to the grant and are yet to be met, the income is recognised 2s a li2bility and included on the balance sheet as deferred income to be released. Deferred Income represents amounts recelved for future perlods and is released to incoming resources in the period for which it has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accounling periods., or Thè donor imposed conditions which must be mel before the charily has unconditional entltlement. 1.S Expènditure All expendllure Is recognised onc8 there is a legal or constructive obligation to that expenditure. il Is probable settlement is required and th@ amount can be measured reliably. All costs are allocated lo the applicable expendilurg heading that aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consistent with Ihe use of resources, with central staff Gosts allocated on the basis of lime spent, and depreciation charges allocated on the portion of the assevs use. Other support costs are allocated based on the spread of staff costs. All resources expersded are inclusive of ircoVerable VAT. Costs of generating funds are the costs asso¢ial8d with attracting voluntary income. Charltable expenditure compris6S those costs Incufred by the charlty In thè delivèry of its aclivilles and $ervlces for its beneficiaries. 11 includes both cos15 that can bè allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. 1.6 Tanglble flxed assets Tanglble fixed assets costing £1,000 or more are initially measured at cost and subsequently meagured at CO8t or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assels less thelr residual values over Iheir useful lives on the following bases.. Freehdd land and buildings Fixtures and fittings Computers Motor vehicles 2 % per annum on ccist 200k per annum on cost 33.330kn per annum on cost 20/0 per annum on cost Freehold land is not depreciated. The gain or loss arising on the disposal of an asset is d8termined as the differenTr belween the sale proceeds and the carying value of the asset. and is recognised in the statemenl of financial activities. 18
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles Icontlnued) 1.7 Impalrn)8nt of fixed assets At each reporting end date, the charity revlews the carrying amounts of its tsngible assets to determine whether there is any indication that those assets have suffered an impairment loss, If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and c89h equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments wlth original maturities of threè months or lèss, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instrumènts The ¢harity has elected lo apply the provlslons of Section 11 'Baslc Financial Inslrumenls. and Section 12 '0ther Financial Inslwment5 Issues, of FRS 102 to all of ils financSal Instruments. Fin8ncial Instruments are recognised in the charitys balance sheet when the charity becomes party to thé conlraclual provisions ol th9 inslrumenl. Financial essets and liabllStles are offset, with the nel amounts presenled in the financlal stslements, when there is a legally enforceable rlght lo Bet off the recognise(l amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic financlal as5•ts Basic financial assets, which include debtors 8nd cash and bank balans, are initially measured al transaction price including transaction costs and are subsequently carried al arnortised cost using the effective interest method unless the arrangement constilulès 8 financing transaction, where the tran88Ction is measured al the present value of the future receipts discounted al a market rale of interest. Financial 8ssel8 classllied as receivable wlhin one year are not amortised, Baslc flnanclal Ilabllltles Basic financial liabilities, iluding creditors and bank loans are Inltially recognised al transacts'on price unless the arrangement constitutes a financing transactlon, where the debt Instrument Is measured al the present value of the fvture payments dlscounted at a market rate of interest. Financial liabilities dassSfied a$ payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obllgations to pay for goods or services that have been acquired in the ordlnary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilitiès. Trade creditors are recognised inib'ally Ét transactlon price and subsequently measured al amortlsed cost uslrKJ the effective inlerest method. Derecognitlon ol Ilnanclal Ilabllltles Financial liabilits'es are derecognised when the charity's txjntractual obligations expire or are dlscharged or cancelled. 1.1 O Taxation The company is a registered eharily and is therefore generally exempt from income lax and capital gains tax on ils charitable activilies. 19-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles (Contlnued) 1.11 Employee benefits The cost of any unused holiday enlitlemenl is recognised in the peThod in which th6 employee's seNiC8S are Teceived. Termination benefits are recognised immediately as an expense when the charity is demonstratrAy committed lo lerminale the employment of an employee or lo provide termination benefits. 1.12 Retlrement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.13 Lease8 Rentals payable under operallng18ases. including any lease incentives received, are charged as an expense on a straight line basis over the lemi of the relevant lease. Critical aceountlng esllmates and Judgom8nts In Ihe application of the charity's accounting policies, the trustees are requlrad to make judgements. estimates and assumptions about the carrying amount of assets 8nd liabilities that are not readily apparent from other sources. The eslimales and associated assumptlons are based on historical experiencfr and other factors that are consldered to be relevant. Actual resulls may differ from Ihese estimates. The estimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and fulure periods. Donatlons and legaeie8 Unrestrlcted Restricted funds funds 2024 2024 Totsl Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Legacies receivable Government and olher grants 8,544 6,544 2,921 2,500 2,921 2,500 70,032 70,032 3.851 107.082 110,932 6,544 70,032 76.578 9,272 107,082 116,354 Grants recelvable for core activities Government grants Grants from olher agencies 3.851 12,837 16,688 70,032 70,032 94.244 94.244 70,032 70.032 3.851 107.081 110.932 20-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlon$ and lega¢ies Icontlnupd) The total amount of govemment grant5 recognised in the financlal 5tatementswas £nil (2023.. £16,688). Cornwall Council grants have been received for £nil (2023.. £3,851}. This emergency funding was issued to help essential services during the national lockdown and COVID-19 outbreak.£nil {2023.' £12,837) was been received as workforce retention grant. Charltable actlvltles 2024 2023 Miscellane9 income D8lox C8nlre fees Rehab Centre Service fees (including dienl contributs'on5) 5.418 1,311,037 767,607 6,875 1,218,867 556,775 2.084,062 1,780,517 Investments Unrostrlcted funds Unreslrlcted funds 2024 2023 Interest receivable 7.895 2,516 Other expendlture Restricted funds Total Restrl¢ted fund5 Total 2024 2024 2023 2023 Net loss on disposal of tangible fixed assets 36,949 36,949 21
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charftable actlvltles Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restrlcted 2024 funds funds 2023 2023 Total 2023 staff costs Depreciation and impairment Consumables Other direct costs Establishment costs Repairs and maintenance Office expenses Motor, travel & subsistence expenses Printing. posling and stationery Advertising and promotlon Legal and professional 1,079,064 40.917 1.119.981 975,814 88.241 1,044.055 35,289 99,017 48,424 129,824 32,191 11.778 17,151 800 87,480 110,795 65.575 130,424 14,531 80,739 35,313 113,713 32,870 15,484 12,278 1,200 47,401 96,223 47,591 114,913 58,372 26,305 58,372 26.305 57,538 16,539 3,488 61,026 16,539 25.499 25,499 14,800 14,800 11,127 11,127 7,889 7,e89 1,328 840 1,328 840 1.156 1,200 1,156 1,200 1,515,089 102.637 1,617,726 1,319,232 133,581 1.452,793 Share of support costs (see note 81 Share of governancè costs Isee note 81 343,708 343,708 322,772 322,772 26,753 26,753 28.810 28,810 1.885,550 102,637 1,988,187 1,670,814 133,561 1,804,375 Unrestricted funds Restricted funds 1,885,550 102,637 1,670,814 133.561 1.988,187 1.804,375 -22-
¥!g otsooci( ¢3)othNff> o o) c) o) 0> l o In r rr4oU)ty
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Audltorfs remunerallon Fees payablè to the charlty's audltor: 2024 2023 Audit of the charity's annual accounts 8,340 10 Trusteès None of the trustees {or any pèrsons connect8d with them) rèceived any remunération or benefits from the ¢harity during the year. There were no reimbursements of expenses in the Current or Comparative period. 11 Ernployees The average monthly number of employees during the year was.. 2024 Number 2023 Numbor Charitable activities Central services Govemance 40 38 Tot81 47 Employrnent costs 2024 2023 Wages and salaries Social security costs Other pension costs 1.275.622 111,OSO 27,229 1.211,888 97,271 23,743 1.413,901 1,332,902 In addition to the 8bove costs, there were termination costs totalling £nil during the year (2023.. £15.000) The number of employees whose annual remuneration was mor6 than £60,000 is a5 follows.. 2024 Number 2023 Number 60,000 - 70,000 12 Taxatlon The ¢harily is exémpt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 24-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble fixed a$$ets Freeh)Id land FIxtUr arKI and bulldkngs fittlngs Cornputers Motor vehlc1•5 Total Ct At 1 April 2023 Additlons Di8POS8Is 2,816,615 7,988 222,452 72,908 36,516 27.020 34,843 3,102,603 115,539 At 31 March 2024 2,824.603 295,360 38,516 61,663 3.218.142 Depreclatlon and Impaimient At 1 April 2023 Dèpreciation charged in the yéar Eliminated in respecl of disposals 526,008 41,497 222,165 15.858 36,516 20,628 10,125 805,317 67,480 At 31 March 2024 567,505 238,023 36.516 30,753 872,797 Carrylng amount At 31 March 2024 2,257,098 57,337 30,910 2,345,345 At 31 March 2023 2,290,607 287 8.392 2,297,286 The gross book value of freehold land and bulldlngs includes £2,074.60312023: £2,066.6151 of depreciable assets. In the opinlon of the trustees th8 market value of the land Is in 8xcess of ils Garying value. 14 Debtors 2024 2023 Arnounts falllng due wlthln one year: Trade debtors Prepayments and accrued income 564 321,24 213.553 213,561 321,811 16 Creditors: amounts falling due wlthin one year 2024 2023 other taxation and social security Trade creditors Deferred income Other creditors Accruals 31,999 28,898 111,211 4,430 33,619 29,396 9,133 65,665 6,015 38,138 210.157 148.347 25-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Deferred Income 2024 2023 Arising from feeslgranls received in advance 111,211 65,665 During the year, £65,66512023', £67.7851 was released lo incorne from previous peNods and £111,211 12023= £65,665) of incoming resources was deferred. 17 Retiremènt benellt schemes Deflned contrlbutlon s¢hemes The charity operates a defined contribution penslon schème for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independenlly administered fund, The charge to profit or loss in respect of d@fin8d conlnbution schemes was £27,22912023.' £23,743}. Pension liabilities are allocated lo unfeslricled and reslricled funds on the same basis as other employetrrelated ¢osls unless the terms of a reslriclion prohibit the allocation of such costs lo a restricted fund. -26-
Ln 04 0)
c00)
oryo)wJio*
O (ryo)
coo
¢DNO
Noo
Ln ff) co rt t
OtAr
O) LTJ -) O
CZ5£
O) c ¢0 ID£"w (r CL. ET> w C as Q E c iDèc 0OwtDuJc.cwY>C 10 c > Q)SL>w O o o (ts< o) ai o QO ) (u
ioo)(nu JUOoTr.-JJ£2£(0o>._oofj>ffj££ 511 OLLCLCtcJQtL<Z<IjQ)uco(g
oocwotDO 00cO>0 oorrooo Ino00 i 00 000 000 oort ooryo oo<oooNo 00010 Ocvr i O fv- m o) fN r Li (t S cc cc <
'f o(r)£ >¢JJ O
O c ai
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analy8ls of net assets between funds Unrestricted Reslrlctod funds funds 2024 2024 Totsl Unrestrictsd Restrlcted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current ass8tsl(liabilit18s) 588,087 1,387,492 1,757,258 12.529 2,345,345 1,400,021 507,501 1,255,127 1,789.785 12,607 2,297,286 1,267,734 1,975.579 1,769,787 3,745,366 1,782,828 1,802.392 3,565,020 21 Free reserves reconclllatlon The free reserves lunrestrlcled funds that are not designated or represented by fixed assets) belonging to the chaiity as al 31 March 2024 are calculated a$ follows.. Unrestricted funds Less.. Tangible assets las per note 201 Lgss. Designated funds nol represer7led by fixed assets 1,975,579 {588,087} (1,179,042) Fr8e reserves 208.450 22 Flnanclal ¢ommitmentst guarantees and contingent Ilabllltles The property at Bosence has a fixed charge r8laUng to monies advanced by the Secretary of Stste for Health for its purchase. Should the Charty cease to exist for the purpose for which it was set up then an amount equal lo that portion of the open market value of the pr¢Jperty as al Ihe dale of valuation as Is attributable to the expenditure of the original grant, or £100,000 whichever is the greater sum, will be repayable. NHS England have a legal charge over the property at Bosence for the repayment Sum and an option to purchase land al Bosence. The OPOn is exercisable within a period of 21 years from 31 March 2009 less one day. If any terms of the agreement beeen the charity and NHS England relating to the detoxificalion facility al Bosence Fam are breached NHS England can exercise Ihe option agreement and require payment of the repayment sum. Should the charity sell BOSen Ihen written agreement from NHS England is fequired and NHS England would require lo be paid the repayment sum. The repayment sum being that part of the open market value of the land as at the date of valuation as is attributable to the expenditure of the original caytal grant after deduction of any part of the capital grant repaid or the value of the capital grant £1.694,000, whichever is the greater sum. 31
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Operatlng lease commitments Al the reporting end dale the charity had cutstanding commilmenls for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year Between two and five years In over five years 11,073 32,071 9,232 33.975 313 43,144 43,520 24 Related party tran8a¢tions Remuneratlon of key management personnel The remuneration of key management personnel is as follows. 2024 2023 Aggregate compensation 134,018 135,454 There were no disclosab16 rèlated party lffjnsactions during the ¢urrent or previous year. 26 Cash generated from operatlons 2024 2023 IDeficit)Isurplus for the year 180,346 58,063 Adjustments for.. Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (7,895) {2,5161 36,949 47,401 67,480 Movements in working capital.. Ilncreasel in debtors Incfeasel{decrease) in creditors (Decreasellincrease in deferred income 108,250 16,264 4S,$48 {32,016) 29,299 12.119) Cash generated from operations 409.991 135,061 28 Analysls of changes in net (debtllfunds The charity had no debt during the year -32-