REGISTERED COMPANY NUAIJER: 04624968 IErtgiand and Wales) REGISTERED CHARITY NUMBEL. 1099020 rt of Tnjstees and Financial Statements for the Year Ended 31 March 2025 for ServIs for Inde ndent Liwn Thome Widqery Accojntsncy Ltd Chartered Accountant5 Statutory Authiors 2 Wyevale BusTness Park Kings Acre Hereford Herefordshire HR4 7BS
Seces for Inde ndent Livln cLtent5 of the Financlal Statements for the Year Enthd 31 M4r h 2025 Pasè Report of tlp Trustees 1 to 10 Statan2nt of Trustees, ReSpOnbIlItIeS Report of IndeFtndent AJJditcfs 12 to 15 Statfftnt of Financial Actmtles 16 Balance soi 17 Cash Fl¢)w Statement 18 Note5 to the Cash Flow Statemeni 19 Notes to the Flnancial Statements zo to 29 Detalled Statement of Flnaficlal klItIeS 30 to 31
f r Inde ndent LI7n Re rt of tFE TnJstees for the Year Ended 31 March 2025 The trustees are also diTector5 of t charlty for the ppose5 of the Companies Act 2¢J)6, present theTr report vrith the financial staternents of tl charity fu the year ended 31 March 20Z5. trustees have adopted the prtmslons of Accounting and ReFK)rting by CharTtie5= Statement of Recommended Practice appllcable to charitie5 preparing tlir acctyJnl5 in accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. CHAIR'S IVELCOME Welccffie to the Annual Reprt for SeThi5 tor lndtrpnnt LIn9[51L) for the year ended 31st Marcn 2025. Thank yc for taking the time to read the report. As SIL approaCS Its 30th Year il 15 In a strong flnancial posltion. The tyganisation has resetves of over £1 million and annual income of E3.5 millim. The finandal year to 31st March 2025 has been challenging and we are reportlng a deficit for the year ifi UNStrted funds of £50.797. The Chief Executive, in his surnmary, provides more detail abwt the th4fldt. Ho¥%tNer, it 51K)uld L noted that two thirds of the deficit is for Investment that was approved by the Trustees during the year= SIL has been keen to use some of its reserves to prornote its charltable alms and during the year a fu{5 was seL up for thls wrpose. The fund invites serwce user5, Staff and other organi5alions to bld for funds. During the year 23 graTht5 were made and payment5 for £11,511 were ma¢k from the fund. £10,721 was allocated to tlId a rew website for SIL. SIL has working with a seThice user to e[OP a sèt of mouth tools. This project was grant funded, but SIL had to c0ntritrte £11,368 to cover tke 8raTht slKsrtfall and VAT. Every year I write that there are significant Challenges In the Health and Social ca ¥e¢tor arnd funding and the retentlon and recruitment of Staff, and thls is still the case. The remaiaing defr'clt for the year was due to a reductlon in the support hours SIL prowided, and this is mainly due to the difficulties retaining and recntiting staff. fAJring the year ti numLr or siarr reouceo rrom 147 10 141. national Ilving wage Tncreasèd by 10% In 2024125 and by 6.6% in 2025126, and employer national inyjrance costs increased significantly following the Auturnn Budget. Hover, the funding for local authOAes. for SIL prnwde most of thls care, has nol increasèd sufficlently to cover these increased costs. We really appreciate the 8% increase in rdtes provided by the Council. Hor, th15 does not cover our InCaSed costs for the year to 31st March 2¢ll6. We increased staff dgeS f¢x the year by 6%, and estimate that we will have to pay an addItnal 180,(J)O in national Tnsurance costs for the year. We are currently projeciing a small defrit for the year, and the Trustees are working With the senior Management Team to prepare a diUM-TerM Financial Plan fcf the next few years that will bn.ng us back intQ Surplus. I would like to take this opportunlty to thank all SIL staff for providlng a first-class seTrice to our rvice users, and to the Senior Management Team for their hard work and commitment during a challenging year. Desplte the challenges SIL continues lo prowde a Se that goes'atA)¥E and bèyond", Ire is still a strong dernaftd for our services and it continues to expand support and tenefits it offers to its staff making SIL a [al employer of choice. Angela Hl*am Chair Page I
rwces for Inde Jent Liwin Re rt of the Twstees for Ended 31 March 2025 CHIEF EXECUTNE'S SUWRY Welcome tts wr Annual Report and kc¢)unts for 2024125. 1 hop¢ yw find the crntents Tnteresting. In 2023124 we made a surplu5 of £148,717 on nstricted funds. For last year, 2024125, we a Porn4 a tfldt of £50,797. Ttrre were a number of reasons for this change, several of which relate to WSTti¥e investments in the fLtture. Lwf 51aff and the people use our services. Income from the mental health training thal we prowde to other orgaTr15atTons wa5 down because the trainrn8 was cornpleted In June 2024. (fver 2[ people overall benefitted frorn tth"s tralnlng. We made 01 off payments In the year for £33,60) for the followSn8: ' Charitable Aims Fund £11,511 ' IèL)uth Twls Projecc £11,368 ' New website £10.721 We made a small deficit in year Ixause of a redLKilc) Sn hours proded by Horycare and Suppord Lmng. During year staff numtrKr5 rethjced frL¥n 148 at the beglnning of the year to 141 at the year end. It is very difficult at present in the Social care (tor io retaln and Yecrult staff. For 2024125 National Living Wage iaSed ty 10%. We pay all of (¥Jr staff ab Natlonal Ling Wage and were still able to award a pay increase io staff for the year for 8%. This significant Increase was agTeed even ihough tl moj¢yity of our work Is for the CncIl, and Herefordshire c71 were Trot able to IrKrease the5r rates by the full Increase in the National Liv6ng Wage. hk)st of Sla1 care is provided through local authoritles, and the funding increases they are given by govemmènt do nct cover the ireaSe in socia( care costs. The Govemment is likely to Propose a National Fair Pay Agreement for s131 care. We would t[CoMe this, but the Government has io provlde fundlns for thls, or the agreement would be rneanin8iess, and a rnajor risk Social Care kyowider cKganisalions. We a very pleased that thring the year we paid out 111,511 frorn the Charitable ATrm5 Fund. Thi5 ha5 been Set up to fund project5 to help seThice users, staff and other organisations improve indeFEndence and wellbeing. 24 grants were made, all of lCh will ha a positive irnpact upon wulnerable people living in HerefdSh7re. Payments were made durins the year for the mouth tools project. SIL is dpveloping an enableThent product for people with an upptt body disability. device is a set of innovative mouth t¢X)Is that WTII create 5Tgnificant Indendence lo the lives of people who, tIwou8h birth related di5abilityJ injury or itlnc55 hav¢ nollimited rnovernent in their orm5 gr hand5. This tool set will help in undertaking many daily tasks and improve an indivial'S ability to access on line 5eTrices, hobbies, dr environmental controls. proOJct is iftspired by a long-temi SIL semce user who has used homemade mouth t(11S since childh¢Jod. The costs for ¢veiopinq the Drothjct durinq year were £35k. We e1ved grant for £23,560 and SIL proided funding costs not covered try the grants. During the year invested £10,7Z1 developing a new website for SIL. The w ebSite 15 a big advan¢ement on t proul site, improvins accesslkn.lity and content. We would Invite you to log OD to the newwebslte to keep up to date vAth what is happening In SIL 11th.$4[.¢o.Uk). It should be noted in the aCCots that the costs for light and heat for trjr Offi reduced from E11,511 in 2023124 10 £2,727 lasi year. This was due to the full benefits of the new eiectrKity COntrl and tlE 501ar panels filled to OUT property in January 2024. De5Plte current difficultles faclng the sector, SIL malntains healthy re5erNps. The unrestrlcted funds at 31st 1rCh 2025 were £1. 126m. These reseTrEs are nece55ary ause the stKial care sector wll continue to fa Significant challenges in both fur74 and in the retenlion and recNitment of stsff. We will need re*rves in future years to ensure that we can lryjk after sèrvice users and staff to the best of our abllltles. Page 2
Servi5 for Inde ndent Lin Re rt of the Trustees for the Year En&d 31 March 2025 The majorlty of Costs iTr Sla1 care are for wages, and for 2025126 t costs have Increased gnIfICantlY. We awarded a 6% pay rise to all staff (nearly matchTng the NatioThal Living Wage increase of 6.6%1 and our c05t5 for ernployÈY5' natlmal Inwran¢e wll increase by o¥Er £80,(KK) for the year. We really apPtIated rhe 8% Increa In the Council rates. This was ifficult for the Council as their fundin8 not irKreased significantly. HohEver, this increase deés not cover our increase in c05t5 for the year. The txjdget for 2025126 15 projecting a small defi'tii for the year. Wè can u reservès to cover th15, but we cannot continuè LO coNer losses In future years. Duthng the Star the Tnjstees and tke Senior Managernenl Team will develop a We(lium-TenD Financial Plan for the nexi few years, which wll aim fgr SIL Io retum to a surplus in 20261Z7. Thi5 wll not k easy, particularly asw*11 have io make assumptl¢Ms regardlng IKrèases in th¢ Nati¢n31 Living Wa8¢, and local authority fvnding in future years. We Could not rneet the 518nificant challenges we fa without our eXlIent workforce and I wtyjld Ilke w take thls OPPDfiunity to thank everyone who works for SIL. Withtyjt your support we would not be able to provi¢Je high quality services to the Feopie we support. I hvuld alx• like to thank all of the people who use SIL'S 5eTrices. We really appreciate how YC engage with the organisallon and attend the e¥ent5 we h05t througlK)Ut year. Tklere Is always a high demand for our seceS so must te doing gjrnethlng right. Finally, I would like to thank the work of SIL triistees. Our trustees are volunteers who gfve a Ignificènt arnnt of time to enyjre that organisation is run well. Thank for all that you do. I look foThYard to working with you all in the future. SIL is a remarkable organlsalion and if we continue to work togetr, it wll continue going frcffl strenwh to strength in the fvture. Euan McPherson Chf [LItiv0 Page 3
SeNlce5 for Inde ndent Liin rt of tlk Trustees fvi LI Yv41 Eii(ktJ 31 MdlLli 2 OBJECTIVES AND AcfNITIES Oojr charItab Objocts To relieve disabled people and their family Care thrtyjgh provislon and prcmotion of semces which foster indepEndent liing and improve t1r condition5 of life, and thich ass51 disabled people and t1r family carer5 to actlvely parliapate Tn and integrate into %)ciety. Our Vlslon (the thar4e we would Ilke to see} To enable people affected ty diSa"11t5 to exerclse Choo and control, to Ilve IndeFendent lives, and io actively partlclpate in society. SIL'S Mlssion The wovider of c)1 for Inddual care and gjpport, emkb)%4ring people to lead an in(endent life. SIL'S Guldlng Prlndples.. partr1p . working %ith individuals. group5 and organisations to Sha knowied8e and improve outcornes for disabled reople. ReSt - for all. Innovatlon - adapting efflcteTrtly and effectlvely to change and embracln8 new tecmology. Diversity - to be accepting of all people, LK>th within and outslde SIL. Equality - for all Sirength-basèd -maxirnlsing ability and not constrainpd by dlsability. Achlevernent of Objectlves 2024125 SIL supported over 400 people thr¢Jughout Herefordshire in 2024125 tthjqh the services below. The people wh) used SIL'S seThices incltsde people plrysical disabilTties, leaming disabalities, mental health. older Ople, Acquired Brain Injuries and carers Publlc beneflt Truse5 have carefully considered the public tnefit duty and are satisfied that the or4anisation meets thi5 requirement. All our activlty is directed towards the benefit of disabled people and family carers with the aim of fostering equality through the ProwOn of seMce5 and inforrnation. SeTvlce5 provlded In pursuit of public beneflt: In£kpendent living @ Home . domiciliary care Servi for tEople with complex support [d5. Homecare - gereral domiciliary care 5eTrice. Direct Payments P1K)rt Services IRetruitment, Paymll, Employment Supwrt, PenSILS, Bookkeeping and Third Party Pr(Mder Seryicel. of Menial Mealth Training ACHIEVEIIENT AND PERFORhWNCE A¢hl¢Ycmcntd and Successcs In 2024125 Llsted below are some of our achlevement5 and successes durlng the year: Provided serrices to over 4Q) service users djrlng the year. Prowded over 14),() hours for hc¥necare and suPptert livi. Including over 80,IM hours to Herefordthire Council. Maintalned rvice5 desplte a CtiOn In staff numbers and diff(cultles the recruitment and retention of siaff. IrKreased pay by 8% In April 2024. Maintainèd a ratiw of GcA)d across all areas. Completed ttE mental health trainin8 tontra¢t for Herefordshire Countil for over 21J) indwduals. Supported Heref(d l•en5 Plen1 V£alth grJJp's CcesSful BI lknnday conference In January 2025. Approved 24 grant5 from the Charitable Alms Fund, toralling £11.511. Developed an enablement prothKt for people with an upper body disability lrnovth tool) and obtained É25,0Tr) grant funding for the project. Developed a new EbSIte to imyove a¢¢essibillty and content. Ppared a S(Kial val Annual Repxjrt 51¥)wing Whe SIL ha5 delivered additiLffial value to our staff, serwce users and the wder commLmSty. Page 4
seNis for Inde ndent Liwn Re rt of ttr Trustee5 for the Year En¢d 31 h42rch 1025 FINANCIAL IIEVIEW FInal posltlon The charity has rewjrted a deficit of £52,871 for the year to 31st March 2025. This includes a ¢ficit of £2,074 c reStncd funds Iwhlch Is fully funded) and a deflcft of E50.797 on unrestrfcted funds. The deficit on unrestricted funds included.. - Payments from the Charitable Aims Fund for £11,511. - Funthng frK the Movth Tfy)Is projert for £11,368. - Cost of the new w4bKiTr for E10,721. The remalnlThg deflcit for unrestmcted funds for E17,917 was due malnly becau of a reduction in hr5 provided by Homecare and p[m}rted liwir¢. During the year staff nurnbers reduced frorn 148 to 141 at thè year end. It is very difficult at present in the social care settor to recruit and retain staff. deficit is funded frcm reselves. SIL'S finala( objective for year is to achieve a break even position in future years. Prfnclpal fundlTrd 50urce5 The maln source of IrK¢The for SIL Is frc¥n Chariiable tIrIeS provlded for semce users. 84% of income relates to services provided by supported living and Homecare. These seThices provide individual care and support for disabled and older r*opie. emp0V7n4 trn lo lead an Independent Ilfe. Hours are wovided to the followThg'. Herefordshlre CwKfl Hèalth Semce 12% Service Users with Direct Payment accoun15 Privaie Funder5 62% 12% 21% 6% Hereford5hire CourKil increase iheir hwrly rale5 each year. Fgr 2024125 the Council rates were increased by 7% for Homecare and 8.33% for supported living. Health Semce rates are negotiated for exh contract. Users wfth Direct Payment accounts are charged at Council rates. Pfifdte funders for 2024125 We charged at CouFKiI rate plus 10%. Investment p)Ilcy and obJectlv•s During the year SIL eamed £17,688 on investments. The average investrnent balance in the year was £565,LKMJ and the average rate of reiurn was 3.13%. An Investment Report Is wesented monthly to Finance Committee. SIL has adopted an ethlcal investment p)Ilcy to eftsure that Its Investments do not confllct ¥th the organlsatlon's alms. The Trustees have agreed a list of approved ban and blding societies that funds will be invested in. The Trust5 have noted that rate of retum may be le55 frorn using the approved list, rather than going to the full market. Surplus funds [d by SIL 1[ be Invested prudently with regard to security, liquldity and return. No investments will be rnade for more than 95 days rlice withwt the approval of the Trustees. SIL will maximi5e the return fr investrrEntS en&n8 security and liquidity and lY using apwoved Ilst for investments. In 2024125 Interest earned from Investments was £17,688, compared to £15,368 preouS year. The Bank of England base rate was 5.25% at the beginning of the year, but fell to 4.5% later in the year. The average investmenL balance for the year was £565,(th, ccffjpared to C516,¢M the Wev1j5 year. There d5 no t¥)rrowng duri 2024125 and there is no intention to borrow in 2025126. Page 5
5erv5ces for Inde ndent Livin t of Trustee5 for the Year Cn¢kd 31 March 202J FINANCIAL REVIEW Reserves pollcy The total funds held by the charity at 31st M)rch 2025 amounted to £1,177,785 12024 £1,230,656). This irKluded restricted funds of £51,381 relating to the Third Party Provider and the Herefordshire ln's hntal Health Group and £13,489 deslgnated funds SILS Charitable Aims Fund. Free reser, which Include the amoLmt of unrestrfcted funds at year end excludlng iangibLè fixed assets arn¢JJnd to C695,939 12024 - 17X),1921. The Trustees have declded that unrestrlcted funds Nthlch have not en dèsignatÈd for a specific use, togèrhèrwith the value of the head office buildlng, should be maintained at a level to cover total cost of closure. Trustees conslder that thi5 is a resp(sible way to maintain reseThes and this level of reseNe has been maintained tlYough)ut the year. Rt5k Management The Trustee5 have a duty to identify and rewiew the risks to thich the charity is exposed and to engjre that approkyiate coTrtrols are in place to prowde reax)nable assuran again51 fraud and error. The Trustees have reviehpd the major sk5 to vthlch ltr charity 15 expfftd. A risk regisLEr ha5 been e5tabti5hed and 15 updated at least annually. The rnajor risks at wesent f¢x SIL relate to the rates pald by Herefordshlre Ctyjncil and io tlp retenti and recruitrTni of staff. Plans have teen made to minlmise these rlsks. C¢JJncil rate increases are deFendent upcn central govern1rt funding. DLbring the year Trustees and Senior Management Team will develop a medium Tem) Financial Plan to coler the next three years. To develop this assumptlons ¥wll have to be made regarding central govemment funding for local authoritie5 and Increases in National LIng Wage. A recruitment and reiention sirategy has been devel¢)ped dudng the year to wsure that SIL remalns an employer of cholce. The strategy looks at different recruitrnent Strategies for staff groups and increasing the range of staff beneffjts. Intemal control rlsks are minimised by Implemeniation of procethJre5 for thE approval of all transaction5 and procedures are in place to ensure cornpliance wth health and safety for staff, service users and visitors to the office. SIL has a Ci¥ ratingof g¢x)d for all regulated Nlces. PrLrethres are Feriodically rewewed toen& that they cL¥)tinue lo meet the n¢•ds of thg organisation. PLANS AND PRIORITIES FOR 2025126 O¢Jr strategy fff 2025126 ilUdeS the following: To be the employer and prowder of choice fty wr secior in the localities in which we operate. To manage current cost preswre5 lyithin wr existing reserve5, and io prepare a Adiurn Tenn Financial Plan for tlye nexc the years showlng a break even FX)Sl¢l0n. To settsre and expand existing 5eThices by irnproving efficieKy and quality, and by targeted marketing. To maintaln a CQC rating of Good for all regulated services. To maintain the range of services SIL offers and SPOnd to new bUnesS opportunities. To do more to enhance the Ilves of disabled people and to rneet our charitable alms. To lrnprove the way we engage with and use the skilts and experience of our seNce urs and staff. sTRUvRE, GOVERNANCE AND htANAG&MENT Governlng document The charity Is controlled by Its governlng dCUMent. a (*ed of tnj, and constitutes a limited cixnpany. lirnited by Buarantee, as defined by Cornpanies Act 2006. The charfty Is controlled by its governing dccument, a deed of trust, and constitutes a lirnited company, lirnlted by arantee, as defi'ned by the Companies kt 2006. Charfty constitutlon The charity is a150 a Cornpary lirniled ty Guarantee and is tIErefore governed by Articles of assoaation. It was Incorporated on 24th Decemter 22. Reglstered charlty status was obtalned on 15th August 2¢J03. SIL works with all disabled and older Jxopie who can berEflt from wr servi5. Page 6
5ces for Inde ndent LI Re rt of the Trustees for the Year Ended 31 l•arch 2025 STRUCTURE, GOVERNANCE AND MANAGEMEKr Recrthtment and appolntment of new tnjstees SIL uses variujs channels to attract and identify Trustee5 the 5ki115 and krthAedge to effÈcti¥ely direct the affairs of the charity, including external atherts. Prospectlve tnjstees c¢Jnpietè an aw)licatM)n fcfm ar a declaration of eliglbility and have an interview t/ Chair and Chief Executive. They are Inwted to three Board meetings, wl%Lre tw have stakn"ng dghts. but not voting rights thryare $upplied Yrfith o role dexription. person 3pecificaticn and'The Essential Trustee" guide. Post B¢ard apprcrfal ttry sign a Contractlcode of Conduct and Re&ryster of Interests. AC5$ needs are determined in order to provide appropriate yjpport and equiF4nent. A comwehensive indLKLion Is prowded. thjring the year two new Trustees have teen trlled - Alex Hempton-smlth and Ingar P•analal. There app)intnt as Trustee5 wll be confirrned at the Annual Gera1 Iketing. In 2024125 the Trustee5 provi¢kd good attendance at all meetings. Evaluatlon of Board Perforniance DurFng 2024125 Board meetings MEre held e¥try two months and Finance Committee meetings wEre held monthly. Developrnent Sessions were held every two rnonths, including a session specifically io evaluate Board Perforrnan. Ail trustees have atten¢kd at least the minimurn nurnber of rrwtirw. Quallty and Impact CIK Rating . Good Disablllly Confident Leader Ernptr ACA5 Il&xlel Workplace rxsvernance CondÉt•nt vAth <ur vl$lon SIL Is a ¥s•r ie4Jlrontrolled tsr4anisatio11, hawil4 at hast dItabd trvsteos, ty family carers. A reglster of Snterest is maintained and declaration5 of potential tfliCtS of interest5 are a Standing agenda Item at Board meetings. Ttp Trusiee5 also operaie a Finance Cornmittee which repw)r15 to the Board and have Development Sessions every two rnonths. Page 7
SeTrices for Inde ndent Livin Re ort of tlE Trustees lor (he Y r Eni¢ S I p•arch sTRUURE. GOVERNAN ANO IAANAGEAIENT Organi5ational stnKture SIL prornoles the ernployment of lbled Feople in line with our guiding principles, and guarantees a job interview lo dlsabled canthdaies meeting tlp essentlal criteria. ApwoXlmaIY 25% of staff are eItr disabled or have subsianlial caring responsibilities. Ir target is to acheve 30%. SIL holds Disablllty Confldent Leader Award. Staff are based at FÈad Officè Sn Leominster. The Trustees delegate day-lo-day rnanagernent to the Chief Executive, who heads a senior management tearn CnpsIng Heads of Serwce (for ILH, for Homecare and for Direct Payrnentsl, Head of HR, Head of Finance, Head of Marketing and Hpad of Projects and Initiatives. The senlor mana8errEnt team report to Board a regular basis. renwneration of key rsonnel 15 set by the Board of Tru5tee3. At 31st March 2025 SIL employed a hea(kount total of 141 staff - 119 184%) of re provi¢thng Services aThJ 22 116%) support staff. Induttknn and trafjnlng of new trustees New trustees receive a Trustee Welcome Pack and rneet with the Chief Executive and each of the senior managers, and are asslgned a 'bud(ty' from existlng trustees. They also have access to on line tralning through SIL'S training provider and The National Cojncil of Voluntary Organisatlons It4CVOI. Key management reMuratIon The annual pay increase for all staff is apFoved by the Trustees. Any tstr ¢hang*s to the pay for senior managers uld be ar4)ro¥td by Board of Trustees. Page 8
Services for Inde ndenl Livin Re rt of the Trustees for the Year En¢ 31 March 2025 STRUCTURE, GOVERNAKE AND MANAGEMENT Membershlps SIL is a member of the following organisations and alliaKes: Hornecare A55(Kiation National Council of Voluntary Organisations Disability Rights UK DernEnLla AILlanip Making it Real (Think Local Act Personall Herefordshire Disability United Herefordshire Voluntary Organlsatlons Semces IHVOSSI SIL is a slgnatory to Soclal Care CoM)i¢men¢' a promlse to prowile hlgh quallly 9xlal care Rlsk mawement The trustees have a duty to identify and rewew the risks to vthich the charity is expv5ed and to ensure appropriate controls are in pla tg provide reasonable assurance a8ainrt fraud and error. REFERENCE AND ADMINlSfRATIVE DETAILS Regfstered Company number 04624968 (England and Walesl RegISter Charlty number lo920 Re8lstered offlce 1 Owen Way LeomlTh3ter cnterje Park Leominster Herefordshire HR6 OL Tru5tee5 A Higham D Hughe5 V L Manley T R Misselbro)k J Rogers J Thornby P Row50Th (appointed 3.1Q.241 Senlor NOeMent E McPhewn . Chlef Executlve Offtcer P Skelton - Head of FinarKe Cornpafiy SÈtrètary E McPher%)n Audltors Thorne Widgery Accountancy Ltd Chartered Accountants Statutcry Audit($ 2 Vfyevale Bu5ines5 Park Kings Acre Hereford Herefordshire HR4 7BS Page 9
SeTrices for Inde ndènt Llvln Re ort of the TnJstees for Lhe Year Ended 31 IAirch 2025 REFEREN AND ADMINisfRATIVE oAlL$ Bankèrs Unity Trust Bank PIC Nine Brindleyplace Blrmingham B1 2HB AUDrroRS The auditors, Thome W"dgery Accountsncy Ltd, will pro for re-tpwjintment at the forthcoming nnual Genèral het5ng. Approved by order of the board of trustee5 On .. and signed on its behalf by: A Higham . Trustee Page 10
Scs for Indè ndent Llwn Statement of Tru5tees' Re nbIlitI for the Year Ended 31 March 2025 The trustees l¥tho are also the directors of se$ for Independent Llving for purposes of company lawl are responslble for FYepar(ng the Report of the Tru5tee5 and the financial 5taternent5 in accordance applicable law and United King¢kn) Accounting Standards (United Kingdom Generally Accept Accounting PraciTcel. Comp)ny law requlres the trustee$ to prepa finala[ State[t5 for each financial year bthich gNe a true and fair iew of the state of affairs of the charitable company and of the incoming resources and application of resource5, intluding thè in¢ce and extEnth'ture, of the charitable company for that period. In preparing those financial statements, trvstees are re¢wlred to select suitable accounting p)licies and then apply them consistently. obser the methods and principles in Charity SORP,. make judgements and estimates that are reasonable and prudent,. prepare the flnanclal statements on going cmcern basi5 unle55 it is inapprowiate to pre9Jn that tharitable company will contiwe in business. The trustees are re¥Sible for keeFMng woper accountfng records thich disclose rea$lable accuracy at any iirne the financial position of the charitable cornpany and to enable th lo ensure that financial staternenls comply th the Companles Act 2(Y)6. They are also resp(SbIe for safeguarding the assetsof the charftable cornpaw and hence for takin8 reasonable steps for pre%*ntion and detectiw of fraud and other irregularities. In so far as ihe trustee5 are aware.. there Is no {eVant audlt infomatlon of which the charitable company's auth'tor5 are unavrdre,. and the trustees have taken all steps that they ought to have tsken to make themsel%es aware of any relevant autht infomation and to establish that the auditors are aware of that inforrnation. Page 11
Re rt of the Inde dent Audltors to Services for Inde ndent Liin h Trustees of Oylnlg We have authted the financ7al staternents of Services for Independent Living (the charitable company'l for the year ended 31 Maich 2025 which cornprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the fifjancTal stat9m•nts. including a wmmary of gnIfIcant at¢¢yJnting pJlici•s. Th• finanaal r•porting Irarnework that has been apptied in their preparation is applicable law and United Klngdom Acccmjnting Standards Iuniled Kirydom Generally Cept Accounting Practice). In our Opini the finarKial staternent5'. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its Incoming resources and application of resources, including its iKome and expenditure, for the year then ended. have been woperly prepared In accordan ¥th Unid Klr8dorn Generally Accepted Accountlng Piactlce. and have been pyepared in accordance with the reouirement5 of the C¢Jnpanies Act 2. Basls f¢4r oplnlon We conducted (Njr audit in aCcOrdae byith International Standards on Auditing IUKI IISAS IUKII and aFplicable law. (r re5ponsibllities under thosè siandards are further described In the Audiiors. re5pOnbllles for audit of the finarKlal 5terneftts section of our report. We are Independent of the charitable ccffjpany in acCdanCe wth the ethical reqJiremenl5 that are relant to our audit of the fi.nancial statements in the UK, iKlud(ng the FRC'S Ethical Slandard, and w0s1onS available for 5rnall entities, in the circurnstances set oul in noie 22 to the financial staiements, aTrd we have fulf)Iled our otFtr ethkal snSIbIlItIeS In accordance these requlrements. We believe that tl 8utht edeftce have obtained is suffi.cient and appropriate to prowde a basis for our opinion. Concluslons rèlatlng to qolrffl concern In auditing the financial statements, we have COlUded that the tnjstees, use of the golng cencem basis of a¢coJnUng in the preparatl¢)n of the finaficial staternents is appropriate. Based on the th we have perftyrned. we have nol identified anymaterial uncertaintie5 Telaling toevents cr conth'tTCffjS Ihat, ind7ViallY or collectiNely, may £asl slgnificant doubt on the charitable companys ability to continue as a going concern for a period of at least tElve months from vthen the financial statements are authorid for Issue. Our resw)nslbillties and tIE Tesponsibilitie5 of the trustees with re5Fect to going concem are described in the relevant sections of thls rep)rt. Other Irthfonnatlon The trustees are fftsponsible for the other information. The rther information comrKises the information included in tl nual Report, other than the financial staternent5 and our Report of the IndeFEndent Auditors thereon. Our opinion on financFal statements dce5 noi ¢¢)ver the other Inf¢mation and, excepi to the eytent otherw5e explicitly stated in report, we do not ey4Jress any forni of as9Jrance conclu%on thereon. In connection with our auth"t ot tne tinanciai stateEntS, our responsiDllity is to r¢a(J the other inloTmation and, in doing so, consider W¢her the otr inforrnation 15 materially IonSI$lent with the financial SlaterlS or our knowledge btained in the audit or othemse appears to be materially misstated. If we Identify such material inconsisteTies or apparent material rni33latement3, we are required to determine ¥Other thi3 gives ri3e to a material mi33tatement in the flnanclal statement5 themselves. If, based on work we have rforrned, we corKlude that tre 15 a rnatal misslaiernent of thls other Information. are required to rem that fact. We have nothing to rep)rt in thls regard. Matters on whfch we are requored to report by exceptlon We have nothlng to rep)rt in re5pecl of followng rnatters Wre Charities IAc¢wnts and Reports) Regulation5 2008 requires us to report to you if, in our opinion.. the infumation gfven In the Report of Ihe Trustees Is IKonslstent In any matemal reyci wfth thè financlal statements., the charitable cornpany ha5 not kept adequate accounting re£d5. or the financial 5taternents are not In agreement wlth the accnting records and retums,. we have not recelved all Infc(matitM and explanatlons we requlre for our audlt. Page 12
Re rt of the Inde Servi5 for Inde ndent Auditors to the Trustees of ndent Livin Responslbllltlès of tteS As explaired more fully in the Statement of Trusiee5' Re5w)nsibTlitie5, the trustees Ivkn a also the directors of the chantable cornpany for the purpose5 of company lawl are rewnsible for the preparation of the financial staietnent5 and for being satisfied that they give a true and faTr view, and for Such internal control as the trustees determine 15 necessary to enable the preparation of financial statements that are free from material mi55taternent, whether due ¢0 fraud or error. In preparlng the flnancial statements, the trustees are responsfble fcf assessing the charitable compaTrYs ability to continue as a going concern, disc105ing, as applicable, matter5 related to going COnrn and using the golng concem bals of actoiintin8 Linlpfs rhp triistpps Pit)r Intend to liqiildate trhp rh3rStablp rnrnpxnyrjr trj rPAr npprxtinn%, nr hav no Trali5tic alternative but to do so. Page 13
IdetiL AudlLOlS Lo the Truste¢5 of ndent Lfjn Se Our responslbllftlès lor the audlt of the ftnan¢lal statentS We have Ixen appointed 35 audltors untr Section 144 of the Chadues Act 2011 and report in ac¢ordance wlth the kt and relevant regulatlons rnade or hawng effect iher¢under. Our objectives are to obtain reasonable a55urance abtyjt vknether the finarKial statements as a whole are free fr¢J material misstatement, %thether due to fraud or error. and to issue a Report of the Independent Auditors Ihal include5 r opinion. Reasonable a55uratKe 15 a high level of awratKe, but Is no¢ a guarantee that an audit conducted In accordance with ISAS IUKI will alway5 detect a material misstatfftnt then it exists. Misstatement5 can arise from fraud or error and a considered material if, indilduallY (x in the aggregate, they £Id reawably Èe exFected to Influence the econwiic deciSicS of user5 taken on the bays of these fina[la1 Statements. The extent to which wr prctthres are capable of detectir@ irregtslarities, Including fraud is detailed below= In Id2ntTfying and asse5slng risks of material misstaterrnt In respert of irregularitie5, Including fraud and ncffj- compliance with laws and regulatic5, we considered the following.. the natwe of tl* Industry and sector, control enwronment and business perforrnance resultsof tyjr erquiriesof management atL thelrown Identification and assessment of the Asks of irreswlaritie5 any matters identified having obtained and reed the policies and pr¢xedures latIng to.. identing, evaluating and complwng th laws and regulations and whether they were aware of any instances of non-compliance detecting and rewdin8 to the rlsks of fraud and ether they havè knO¥edge of any actual, SU5Fecled or alleged frJJd the internal controls establlshed to rnitigate risks of fraud or non-compllance with laws and rewlati¢Jns the matters di3CUssed among the audit gagement learn and Involving iftternal specialists, regarding how and where frau(6 mlght occur In (he flnaficial statetnent5 ally POL¢iillal Iiidicacors of fraud As a result of these pr¢xedures we consldered the opportunitles that may e5t within the organlsatlon for fraud and identified the greatest potential for fraud in Income, ¥thich was raised a5 a key audlt matter in the current year. common with all UK aud5ts we are a150 required to perform specific procedure5 to respond to the dsk of managent override. We also ¢Jbtained an understanding of the legal and gulatOry frawork the organisatlon operates in. focusing on prNsiCS of hose la¥ and regulations that had a direct effect on the determination of materlal amounts and disclosures in the financial statements. The k5 law5 regulations we C0n53ded in thls context include the Companie5 Act, Chariiies Aci and Chanties SORP and tax les151ation. In addition we considered provisitS cf other laws and regulation5 that d(} not have a d)rect effect on the financial tatemcnt5 but complianee with which may b¢ fundamental to the or8anisa¢ion'5 ability to OPgrat•. These include health and safety. In adthtion to the ae, ojr predureS to respond to risks identified include following.. reviewin8 the finarKial statements dlscloyjres and testing to 5upportlng dctumentatlon to assess complTance with provi51cn5 of relevant law5 and regulations derited as having an effect in the financial staterrent5 en(yJinng of managefflent concerning actual and potential litigation clalms Ferforniing analytlcal procedures to identify any unusual or unexFected relationships that may Indicate risks of material mis5taternent5 due to fraud reading rninuie5 oof meetings of thDs¢ charged with gove¥nance - In addre5slng the risk of fraud thrwgh managernenl overridèof controls, testing the appropriate5$ of journal entrtes and otr adjustments,. assessing with tlpir Judgemenis made in making acc¢)untTng estlmates are Indlcative of a potential bas., and eValUatirbgt buslness rationaleof anysignifKant tranSactIS that areunusualoroutside the normal course of bv51res5. We also communicated relevant law5 and regulations and potential fraud risks to all engagement team members, including Intemal 5peciallsès and rernained alert to any in(hcations of fraud or ncn-compliance with laws and regulations throughout the audtt. Page 14
or Serwces for Inde ndent Lin A further dexription of wr 5[K)nSibilitIes for the au(lit of the fiftarKial Statements is located on the Financial Reporting Council's %%tbsite at vthi.frc.org.uklauditor5responslbilities. This deKription forms part of our RepNt of the Indepen¢knt tsjjithtors. Use of our report Thi5 report 15 made 501ely to the charitable company's trusLees, a5 a ty)ty, in accordance th Part 4 of Charities (Accounts and RetKrtsl Regulations 2¢Y)8. Our audit work has been undertaken so that we might state to charTtable company's trustees those matters are reqired to state to them in an auditors. report and for no other purpose. To the fullest extent perrnitted by law, do not atcept LY aS5urne responsibility to anyone otr than the charitable compafty and the chadtabie companys trustees as a body, for our audft work, for this retxirt. or for the opinions we have forrncd. Thome Widgery Acccyjntancy Ltd Chartered Accountants Statutory Auth"tors Eligible lo act as an auditor In tem5 of Section 1212 of the Companie5 Act 2L 2 Wyevale PAtsiness Park Kings Acre Hereford Hereford5htre HR4 7BS Date: Page 15
SeIce5 for Inde dent Liwn Statewnt of Flnancial ActivitiÈS Incor ratin an 5ncotne and for the Year Enthd 31 #arch 2025 diture kcoufit 31.3.25 To1 funds 31.3.24 Total fund5 Unrestricied funds Restricted funds Notes INCOME AND ENDOWMEPS FROM Donatiins and legacies 25 48,C69 48,(Y44 11,329 Charftable aciMtSe$ 2,369,753 6,667 fA)3.672 2,369,753 6,667 frA)3,6n 226,319 249,305 2,303,749 33.333 672,096 208,905 232,662 Mental Health Tralnlng Hornecare Third Party Provider SetvKe Hereford DPSS 226,319 249,305 Investnnt Income Total 3 247 110 274 388 3 521 498 EXPENDITURE ON Chadtable actlvltles ILH Ilental Health TralThing Hereford In'S Pl[al Health Group Hornecare Third Party Prtyider ServÈce Hereford DPSS Other 2,363,606 3.177 2,363,606 3,177 14,730 710,242 238.173 198,(KJ2 2.266,402 6.911 12,169 671,909 196,170 165,9)4 549 14,730 710,242 238,173 198,Q)2 Total 3 286 539 287 830 3 $74 369 3 320 014 INCOMEIIEXPENDMJREI Transfers belween fund5 139,4291 11 3681 113.4421 52,8711 157.428 18 Net ffovèment in fund5 150.7971 12.0741 152,8711 157,428 RECONaLIATION OF FUNDS Total funds brought forward 1,177,201 53,455 1,230,656 1,073,228 TOTAL FUNDS CARRIED FORWARD 1 177 785 1 230 656 CONTINUI OPERATIONS All ineorne and expenditure has ari*n from C¢)ntinuing aCttIes. The notes form part of these finarKial 5tatemEnts Page 16
SetTrices for Inde ndent Livin Balance Sheet 31 March 2025 31.3.25 31.3.24 Notès FIXED ASS$ Tangible assets 416,976 422,ts)9 cURREp AsSs Debtors InYe5trnents Cash at bonk 14 41X),628 248,752 577 615 415.887 316,315 1,226,995 1,289,298 CREDITORS Arnounts falling due within one >par 16 1466,186 1480,6511 CURRENT ASSErs 760 809 TOTAL ASSETS LESS CURRE1 UABILMES 1,1n,785 1,230,656 NEf ASSETS 1 177 785 1 230 656 FUNDS LInreSCted funds Restricted funds 18 1,126,4LM 1,177,201 TOTAL FUNDS 1 177 785 1 230 656 charitable company is eniiiled io exemption from audlt under Sectlon 4T1 of the Companies 21))6 for the year ended 31 March 2025. The memters have not deposlted not1, pursuant to Seclicn 476 of the Companie5 kt 20J6 requiring an audlt of the finantial statements. TIE trustee5 acknowledge theTrr responsibilities for ensuring that charitable cornpany keeps accwnting records that comply th Sections 386 and 387 of the Companles Act 2(YJ6 and preparing financial statements whKh give a true and fair of the Slate of affairs of the chaTltable compary as at the end of each flnancial year and of its surplus or deficit for each financial year in accordance w(th the requirement5 of Sections 394 and 395 and wh?ch OtherSe comply with the requirements of the Companies Act 2C¥)6 relating to financial state0t5, so far as applicable lo the Charttab campany. Ib These flnanclal statements have been audlted under the requlrements of Section 145 of the Charitiès Act 2011. These flnanclal statements have been prepared in accordance the provision5 applicable to charitable companles subject to the snall CpanieS regirne. The financial statements hpre approved by the Board of Trustees and authofised for issue on and We signed on its behalf by: A HIghn - Trustee The note5 form part of thesè ffjnanc5al staMentS Page 17
SeTrices for Inde ndent Llvin Cash Flow Statement for Yeai" Eli 31 Mdrch Z02i 31.3.25 31.3.24 tes Cash flows from operatlrva actmtles Cash generated from operations 176 576 Net cash lused in)lprded by operating activities 176 576 Cash thw5 from Investlng actMtle5 Purchase of tanble fixed assets Movement on unlisted investments Interest recelNed 115,1321 67,563 145,473 1144,6951 Net cash provid byllused inl inve5ling acti*ities Change In cash and cash eqLrivalents In the reportlng perlod Cash and cash equfvalents at the beglnnlns of the rewrtlng perlod 20,519 1.776 555 320 Cash and cash equfvalents at the end of the reporting perlod 577 615 notes form part of these finaKial 51aiement5 Page 18
Livin Note5 to the Cash Flow Staternent for the Year En 31 March 2025 RECONCILIATION OF NEf IEXPENDrrUREINCoME TO NET CASH FLOW FROM OPEKATING ACTIVITIES 31.3.25 31.3.24 Net lexpendlturellincome for the reportlng period las per the Statement of Flnanclal Actlvltlesl Adjustments for: Depreciation charge5 Interest recelved DecrcaK/lincrea5cI in dcbtor5 IDecreasellirKrea5e in creditors 152,8711 157,428 20.165 117,6881 15,259 22,895 115,3681 1121,2451 Net cash (used Inllprovtd8d by operatlons 176 576 ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.24 Cash flow At31.3.25 Net cash Cash at bank and In hand 577615 Llquid resources Dewslts included In cash Current asset Investments 316 315 248 752 316 315 Total 873411 826 367 The Njtes fom part of the finaKial staternents Page 19
Serv5cès for Inde ndent Llvi Notes to the Flnancial Statement5 for Llie Yeai Eiithd 31 lthirh 202J ACCCiJNTING POLICIES Basfjs of preparlng thè finandal statement5 The financial statement5 of the charitable compary, which is a publlc belfIt entlty under FRS 102, have teen prepared In accordance with the Chanties SORP IFRS 1O21'Accnti9 and Reporting by Charilies: Statement of Recommended Practice applicable io charities preparing their accounts In accordance wth the Flnancial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191,, Finapcial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companles Act 21x16. The financial staternents have been wepared under hlstorical cost convention. Golng cofKern The Trustees have assessed ther the use of going concern basis 15 approwlate partictjlarly afr taking account of irnpact of the current external flnanclal environt. ha re-assessed the busines5 plans, inc(¥ne and exFeThJiture projections, and taken the Charit¥s reser¥t levels into aCcnt. Tr Conclusi is that there 15 no th)ubt Charily's ability io contlnue operating as a going concern. The Trustee5 have made this as5e55fTYnt fLY a Fnod of a least one year from the date of approving the finanaal statements and are assured thai the Charity has adequate resource5 to continue to operate for the foreseeable future. The Charity therefgre £ontlnues to adopt tl going concern basis in preparinB it5 financial statements. lrtorne Ail income is recognlsed In the Staternent of Financial Actiities once the charity has entitlement to tIE fmds, it is probable that the Income will tre received and the arncn¢ can be measured lIably. Voluntary income is received by way of grants, donations and gifts and is included In full In the Statement of Financlal Actfvities Wtrn receNable. Grafits, where entitlement 15 not conditTonal on delivery of a specific performance by the charity, are ¢9Sn18¢d Lhe charlty becones unconditionally entitled to the grant. Donated service5 and facilites are included at the value to the charity vthere thi5 can be quantified. The Ydlue of servfcos provided by voluntgTS has not inciudgd in th059 accuints. InVeStrnt inc(fft is included Whe 7¥able. IornIng resowces from charitabte iradlftg activity are aCccnted for ¥then eamed. Incoming resc¥Jrces from grant5, ere related to perf0mlan and speclfic deliverables, are accounted for as Ihe Chanty earns Ihe n8ht to COn51derailon ty It5 PErfortnarKg. Expendlture Liabilitie: are recognised as expenditure as soon as thgr• is a l•gal or conrtructivg obligation eommlttlng thp charity to that &Xnd1tUre, it is probable that a transfer of economic [fItS will be rewired in settlement and the amount of t1 obligation can be rnea5ured reliably. Expendlture is accounted for on an accruals basis and has been cla55ified under headings that aggregate all cost related to the category. Where cost5 cannot be directly attritmjted to particular heath'ng5 tly haye been alkKated to actiitie5 on a basis consistent the use of res(yjr5. Charftable expendiwre cornpri5es tho C05LS InCued by the charity in the delivery of Its activities and 5ervlces for its beneficiaries. It Includes both costs that can be allocated directly to yJch actimties and those c05t5 of an indirect nature ne$sary to support tm. Governance costs include those costs associated with meeting the constitutTcfial and statutory reqjlrernents of the charity and include the audlt fees and costs linked to ihè strateglc managernent of the charlty. Ail c05t5 are allocated between the expenditure categorfes of the SOFA on a ba515 designed to refiecl the use of the resour. C05t5 reiatlng to a partscular activity are allocaied d1cl1y, others are apportioned on an appropriate basis. Page 20 continued...
Servrces for Inde n(lent Llvin No 5toth Fin ntial Statemen for the Year Ended 31 arth 2025 ACCOUNTING POLICIES . continued Expendtture Grants offered subject to conth"t1S whlch haNt not been rnet at the year end date are now a5 a CLThmitment but not accrued as expenditure. cdwlll Goodwll, being t amount paid in connection with acqui51tion of a bus6ness In 2020, Is being amortlsed vpnly av&Y its gEtirnAtpd ijse.fijl lifp nf fnur yÈxr5. Tanglble flxed assets Depreciation is proided at the foll¢>wing annual rate5 in order to ¥thte off each asset over its estimated useful Ilfe. Freehold property Fixtures and fittings 2% on cost Straight line over 4 ar5 and StraTght Ilne over 10 years tor hIcleS Straigtht line over 4 5ear5 Tanglble fixed assets costing rnore than nèt are capitallsed and are stated at cost. Revaluatlon5 Land and buildillgs a subjecl to a full revaluatl¢M exerc at least every thrèe yèars. Thè last full valuatlon took place at 31st March 2025. Taxatlon The charity is exempt from corporakn'on tax on its charitable actiwilies. Fund accountln Uftrestrlcted funds can te used In acc¢ydance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted wrp05eswthin tl objects of charity. Restricticfis rise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fi'nanclal Statements. Penslon cost$ and other p)st.retlrement beneflts The charitable company operates a deflned contr1¢10n pefision scrne. Contributions payable to the charitablè company5 pènslc¥) sckme are charged to Statement of FinarKial ktiwties in the kriLxI to which they relate. Investmenl5 Investrnents are valued at mid-market prKe at the balance sheet date. Realid investment 8ains/lows represent the differences on sale of Investments between the prrKeeds on Sale and the opning market value and1 c05t of additions in period. Unrealid investment gains110s5e5 represent differences betwfen the closing market value and the opening market value andlor cost of addilions in the pertod. Debtors Trade and other debtors are recowised at the sèttlement amovnt due after any d15ccnt offered. PrepayThwts are valued at the arnount prepaid net of any diounts due. Cash at bank and in hand Cash at bank and cash In hand Includes cash and short terrn highly Liquid investrTEnt5 a slK*rt maturity of three months or le55 frorn the thte of acqulsltion or OFening of the dep051t or similar account. Credltor5 and prov151ons Creditor5 and wow5ion5 are retognlsed hthere the charity has a present obligation resulting from a past eveftt that will probably result in the transfer ol fund5 to a thir¢4 party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provlsian5 are nom)ally recognlsed at their SettleThnt amount after allowng for any trade disCtyJnts due. Page 21 orttlnued...
ServiL Notes to the Flfiancial StatemeTrt5 - continued or th• Y•ar Endod 31 March 2025 I)ONATIONS AND LEGACIES 31.3.25 Total funds 31.3.24 Total funds Unrestricted funds Restricted funds Donatkns Grants Otr 24 48,045 24 48,045 25 1,349 7,345 25 25 Grants recei¥pd. included in above. are as follow5.' 31.3.25 31.3.24 Hereford Mens ptal Health Group Hereford5hlre Councll - Mouth Tools Projeci B&Q- Hef0rd Kns Nntal Healt Barrels- Hereford Mens Mental alth National Lottery . Hereford Ilental Health 7,345 23,560 3,005 1,500 INVEsrmEF INCOME 31.3.25 Total fun¢Js 31.3.24 Total funds Unrestricted funds Restricted funds Dep051t accwnt Intere5¢ INCOME FROM CHARrrABLE ACTivrriES 31.3.25 31.3.24 Activity ILH ntal Health Tralnfng Homecare Thlrd Party Provider Service Hereford DPSS Care and pFort sèrwcg Care and support serViS Care and support setTrices Care and support setTrices Care and yjpport setMces 2.369.753 6,667 603,672 226,319 249 305 2.303.749 33,333 672,096 208,905 232 662 3 455 716 3 450 745 Page 22 continued...
SeMce5 for Inde ndent Lin Notes to the Financial Statements - continued for the Year End2d 31 MArch 2025 CHARITABLE AcnviTIES COSTS Grt funding of activities (seè note Support Costs (see note 81 Direct Costs Totals ILH hlental Health Training Hereford Mens Mental Health Group Horrecare Third Party Provider Se)vice Hereford DPSS Otr 1.981.641 3,177 14,730 617,535 238,173 161,759 380.965 2.363,606 3,177 14,730 710,242 238,173 198,Q)2 92,707 36,243 3 052 943 509 975 3 574 369 GRAP$ PAYABLE 31.3.25 31.3.24 Other SUPPORT Co5 Govemarfe costs Management Totals ILH Homecare Hereftsrd DPSS 368,920 89,816 12,045 2,891 380,%5 92,707 493 855 NET INCOMEIIEXPENDMJREI Net Incomellexpenditkbrel Is stated after chargingllcreditinEI: 31.3.25 31.3.24 Auditorg remuneratic Depreciation - owned assets Goodwill amortisation 7,345 20,165 6,995 20.291 Page 23 continLd...
5eMces for Inde n(IEni Liwn Notes to the Financial Statentnts- or the Year Endcd 31 1OArch 2025 inu TRUSTEES. REIAUNERAMON AND BENEFITS There here no trustees. remureration or Ot1 berefits for the year ended 31 March 2025 nc¢ for the year end2d 31 March 2024. Trustees. èxpensè5 412024.. 21 Iru5tees were re1mlr5ed E8W12024.' 12961 for travel and othèr exFenses. 10. sfAFF cosrs 31.3.25 31.3.24 Wages aro salarie5 Soclal security costs Ottrr pensicn costs 2,845,101 227,016 2,692,9(NJ 206,965 3 139 154 The avera monthly number of employees durfTrg the year was as follows: 31.3.25 132 31.3.24 129 12 Dlrect charltable aciwkties Support 147 141 Thè number of employees %th05e employee tfItS lexclu(l(ng ernplr FenSIc costsl exceeded £60,0 was.. 31.3.25 31.3.24 £bO,(KII - LIU.L R¢muneratloTr of key rnana82ment Fer3onrI (otalle(1 É105.27412024: £97,1J)2 1 for the year. COIAPARAMVES FOR THE STATEA4£NT OF FINANCIAL ACTIVITIES Unrgstrict•d R•strictgd funds Total funds funds INCOAIE AND ENDOWMEKfs FROM Donat3rffl5 and legacie5 2,635 8.694 11,329 Ch4rbtable actmtles ILH •ental Health Tralnlng Hornecare Third Party Provider Serwce Heref¢yd DPSS 2,303,749 33,333 672.096 2,303,749 33,333 672,096 208,905 232,662 208,905 232,662 Investftnt iOrne Total 3 259 843 217 599 EXPENDuRE ON Raing funds Charltabte activltle5 2,266,402 2,266,402 Page 24 continued...
Semc for Inde nt Livin Notes to the Fiftancial Statements- contin for ihe Year Ended 31 Ilyrch 2025 11. COMPAunvES FOR THE sfATEMEtrrf OF FINANCIAL ACTJVlnES- contlnued Unrestricted ftsnds Restrfcted funds Total funds llental Fkalth Tralning Hereford n'S h*ntal Health Gr¢yJp Hornecare Third Party Proder Service Hereford DP5: Otker 6.911 6,911 12,169 671,909 196,170 165,904 549 12,169 671,909 196,170 165,904 549 Total 3 111 126 208 888 3 320 014 NEf INCOA4E 148,717 8,711 157,428 RECONOLIATION OF FUNDS Total fund5 brought forward 1,028,484 44.744 1.073,228 TOTAL FUNDS CARRIED FORWARD 1 177 201 1 230 656 12. IKrANGIBLE FIXED ASSErs Good.11 co At 1 APMI 2024 am Jl March 2U25 AhlORnSATION At 1 April 2024 and 31 March 2025 BOOK VALUE At 31 March 2025 At 31 March 2024 Page 25 continued...
Seces for Inde ndent Lfin Notes lo the Financial Statements- contlnued foi" the Yedi" Eiithd 31 MaiLI) 202) 13. TANaBLE FIXED ASS$ Fixturè¢ and fittings Freehold property Ljtor vehicles Totals COST Al 1 April 2024 Addllion5 459.761 127,720 15,250 &J2,731 At 31 March 2025 459 761 142 852 DEPRECIAnON At 1 April 2024 Charge for year 88,604 76,868 15,250 180,722 At 31 March 2025 NEf BOOK VALUE At 31 March 2025 364 233 416976 At 31 March 2024 371 157 IrKluded in cost or valuation of land blrildlngs Is freek)Id land of £113,833 12024 - C113,8331 which 15 nol depreciated. On 27th March 2025 a formal valuatlon was carried out on the Charity's prernises, l Way, by Mccartneys LLP. The property was valued at £420,(M)J. the Trustee's have rewewed and cMcluded that carrying value of the property In the financial staternent5 remains appropriale. 14. DEBTORS: AAiouKfs FALLING DUE WIThIN ONE YEAR 31.3.25 31.3.24 Trade debtor5 Other debtors Prepayrnents and accrued income 336,922 41.C63 329,016 65,407 415 887 CURRENT ASSEf IIWESTMEIITS 31.3.25 31.3.24 Unli3 investrnentS 316 315 PagÈ 26 continued...
Setyis for Inde ndent Livin Notes to the Flnancial Statements - contlnued for eye 37 ch 16. CREDITORS.. Amoutrifs FALLING DUE WIThIN ONE IEAR 31.3.25 31.3.24 Trade creditors Social security and other taxes VAT Otr creditors Client accounts cruals and deferred income 6,423 46.888 11.576 34,856 252.864 113 579 9,923 46,042 14,788 275.023 121.764 466 186 17. ANALYSIS OF ASSEf5 BEfwEEN FUNDS 31.3.25 Total funds 31.3.24 Total funds un1Cted funds Restrictsd funds Fixed assets Current as*ts Current liabilities 416,976 1,1n,261 416,976 1,226,995 422,fKJ9 1,289,298 54,734 1 177 785 1230 656 MOVEA4Epif IN FUNDS Net movement in fund5 Transfer5 between At At 1.4.24 Unrestrlcted funds General fund Designated Charitsble Aims Fund 1,152,201 127,9181 11 5111 111,3681 1,112,915 1.177.201 139.4291 111,3681 1,126,404 Restrlcted funds Hef0rd Men's h4£ntal Health Group Third Party Provider SeThice lknuth Tools Project 10,403 43,052 9.n9 20,182 31,199 11 3681 TOTAL FUNDS 1 230 656 51 8711 1 177 785 Page 27 continued...
see5 for Ind¢ Jent UOn Notes to the Financlal Stateft*nts - contlnued for tho Yoai En&d 11 March 2025 18. MOVEMENT IN FUNDS- contlnued Net movement In funds, included in the atM)ve are as foll¢)w5: Ircoffjing resources Resources exthd hS)vement in fund5 Unreslrlcted funds General fund Designated Charitsble Airn5 Fund 3.247.110 13.275.028) 11 5111 127.9181 11 5111 3,247,110 13.286,5391 139,4291 Re5tTlcted funds Hereford Men's Mental alth Group Third Party Provider ServKe Mouth Too15 Project 24,508 226,320 114,7291 1238,1731 9,779 111,8531 287 830 TOTAL FUNDS 3 521498 Comparatfves for movement In funds Net movernent in funds Transfers between funds Al 31.3.24 At 1.4.23 Unrestrlcted fund5 Genèral fund aisnated Choritablc Aims Fund 1,028,484 148,717 125,CNJOI 1,152,201 1,028,484 148,717 1.177,201 RÈstrfrtÈd funds Megan Baker H¢se Ltd Hereford Men's Mental Health Grcyjp Thlrd Pariy Pr(thder Sthce 549 13,878 15491 13,4751 10,403 TOTAL FUNDS 1 073 228 157 428 1 230 650 Page 28 contlnued...
SeThis for Inde ndent Livin r4otes to the Financial Statents- continued for the Year Ented 31 March 20Z5 18. MOVEAIEKf IN FUNDS- contlnuod Cornparative net rnONErnent in fund5, Included in th2 above are as follows: IornIng res01rS Resources expended Movernent in funds Unrestricted fund5 General fund 3,259,843 13,111,126) 148,717 Restrfcted fuThJ5 •Egan Baker Htyjse Lid Hereford Men'5 Mental alth Group Thlrd Party Proder serce 15491 112,1691 196 1701 15491 13,4751 8.694 217 599 208 888 TOTAL FUNDS 3 320 0141 157428 A description of restricted funds is as follows: Megan Baker House Ltd . Monie5 raised towards Megan Baker House. Hereford MEn's Mental Health IHWIHI - Includes £10, received frcffi tIE Community Fund and incmie raised prewously initially developed by the Chief Executive, to as51St Mih ihe mental welltelng of men in Herefordshire. Third Party Provider SeTvre - SIL manage5 ihe finance for an indidUaL funded by the Clinical Cunmissioning GrP ICCGI. hk)uth Too15 Project- development of an enablement pro(Jct for people wlth an upFer W dlsablement. 19. EMPLOYEE BENEFIT OBLIGAMONS The charity operates a defirted contr1EtIon kpn5ion scrne for all qualifwng employees. The assets of the scheme are held separately from those of the charlty In an independently administered fund. The charge to Stement of flnanclal acteS In respectof defined Contr1¢10n Kherneswas £67,03712024'. £63,70111. 20. RELATED PARTY DISCLOSURE5 At the year end £242,02112024= £275,023) c45h was bè?ng heid SeparalY in a cliefit bank aCCnt by the charlty on behalf of its service users in connection with the Payroll and Mana8ed Account5 Service, to Nthich the ¢lK4rlty operate5 in an apnt capacity. During the year 412024: 31 trustees receivtd services from the charity amountlng to £349,47312024.' £316,kn1, at the balance 5heel date £32212024-. £2201 was outstanding. Z1. FRC HICL STANDARD- PROVIS1¢)NS AVAILABLE FOR SMALL EIlTIEs In vAth tnany other tYJ51nesses of our slze and nature we u* our auditors to prepare and submit retwns to the tax authcfitle5 and aSSiSi with the preparatiM of the finanthal statements. Page 29 continued...
ervi¢es for Inde ndent Livin ailed Statement of Financial Actiwities fc the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME ANO ENIM)WMEN rs Donatl¢*ns and legades Donations Grants Otr 24 48,045 25 1,349 7,345 48,094 11,329 Investment Income Deposit account interest 17,688 15.368 Charltabie aCtitIeS and SUPPDrt Servi5 3 455 716 3 450 745 Total Incomlr4 resoLrce5 3,521,498 3.477,442 EXPENDJTURE Charttabltr actlvltie5 Wages Social security 2,555,337 202,968 59,644 5,237 t5,(KJ) 55.101 26,375 55.718 42,635 34,928 2,446,051 186,362 58,080 9,477 15,1 60.O)9 33,621 45.277 19,118 Recruitrnent and training support Services Travel expenses Teletho IT Costs Sundries m[h Tools Project AmortrsatiOFS of intangible fixed assets Charltable alms payments 3,W,454 2,875,599 Support r¥st5 Managemert Wases Social security Pensions Rates and water In9Jran Ligtht and heat Teler Postage arKJ stationery Marketing Recruitment Other costs Bu?Iding rnaintenance Compjter costs Carrled fotvrfard 289,764 24,048 7,393 2,239 8,897 2,727 8,176 13,947 17,772 13,995 13,984 5,247 23,670 431,859 246,849 20,603 5,621 2,075 8,259 7,420 10,279 5,152 13,421 6,889 21,412 366,491 Thls pase does not fom part of the statutory flnanclal staternents Page 30
Sem$ for Inde nd Livin rnent of FInala1 Acti1t7e5 for thè Year En(kd 31 March 2025 31.3.2S 31.3.24 hlanagement BroJghL forward Bank charges Sub*dptions Bad debt Travel Trainlng nffirg pqijipmpnt Oepreciation of tanwble and heritsge assets 431.859 3,196 2,079 55 288 27,879 A,l14 366,491 2,210 2,465 1,628 869 22,421 14,n47 493,855 430,432 &)vernance cost5 Auditors, remuneration Committee m8eting exnSeS Accountancy and legal fees 7,345 4,354 6,995 2,747 Total resour5 expended 3 574 369 3 320 014 Net lèxpendlturelllrKomè 52 8711 157428 Thls page does ftoi fomi part of ihe statutory flnanclal statements Pa8e 31