Company registration number: 04925281 Charity registration number.. 1102489 Living Options Devon (A company limited by guarantee) Annual Report and Financial Statemerrts for the Year Ended 31 March 2024 WESTCOTTS CHARTERED AC¢OUNTANT5 4 BUSINESS ADVISIRS
Living Options Devon Contents Reference and Administrative Details Trustees, Report 2to11 Independent Auditors, Report 12to14 statement of Financial Activities 15 Balance Sheet 16 statement of Cash Flows 17 Notes to the Financial Statements 18to31
Living Options Devon Reference and Administrative Details Chairman A Barge Trustees S Fallon R Manley S Hyde C R Holmes C Radclyffe T G Naldrett Company secretary D King Charity Registration Number 1102489 Company Registration Number 04925281 The charity is incorporated in England and Wales, Units 34 Crdnmere Court Lustleigh Close Matford Business Park Ex8ter EX2 8PW Registered Office Auditor 80 Oxford Street Burnham-onea TA8 1EF Solicltors Kitson LLP The Forum Barnfield road Exeter Devon Bankers Lloyds 234 High Street Exeter EX4 3NL Page 1
Living Options Devon Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2024. Trustees and offlcers The trustees and offic8rs serving during the year and since the year end were as follows.. Trustees.. S Fallon R Manley S Hyde B Imeson (resigned 27 September 2023) C R Holmes C Radclyffe T G Naldrett Chairman.. A Barge D King Secretary". Objectlves and activities The objects of the charity are to provide relief to inhabitants of Devon who have need because of mental or physical disabilty, and to educate the public about the needs of those with a mental or physical disability. The Living Options Stralegic Plan 2021-2026 was approved by the Board of Trustees which sets the dir8Ction for the Charity, describing a clear vision for the future. It provides a realistic structured plan to guide is to achieve our strategic aims. It includes the views of all of our main Stakeholders, and most importantly, the view of service users and carers. The plan was ambitious and challenged our thinking and how we operate but was achievable because it builds on the good reputation that LOD has rightly earned. This new strategic plan is based around service user need, incorporating a new Digital Strategy alongside our Marketing and Fundr8ising strategy. Our new Digital Strategy promotes accessible digital opportunities for all. Living Options Devon re-designed our existing services and developed new ones in response to the needs of local disabled and Deaf people during the COVID 19 pandemic, so that we can continue to support disabled and Deaf people as we move through the response and into th8 recovery phase and leam to live with COVID and the other challenges of our time. Our Vlslon People with disabilities and Deaf people have the same life chances and opportunities to be active and equal members of society. Our Values Our values underpin everything that we do. They have not changed since 1990 and shape our behaviour both as an organisation and as people working with and for Living Options Devon. We believe in a fully acce55ible society where all people can enjoy freedom of choice and equality of opportunity. We are user-led in all we do, enabling people wrth disabilities and Deaf people to influence and manage our full range of seNices and projects. We believe we deliver the highest standards of seNice to all the people with whom we work. We operate a culture of open communication, empowemient and development, where individual abilities are respected, and people are encouraged to achieve their full potential. Our Mission Living Options Devon (LODI is a user-led organisation which seeks to ensure that people with disabilities and Deaf people across Devon and the United Kingdom (UK) have the Opportunity to live the life they Choose. Page 2
Living Optlons Devon Trustees. Report Some examples of the cha118nges continuing to face disabled people drawn from 3 variety of research reports: Disabled people aged 16 to 64 years had poorer ratings than non-disabled people on all four personal w811-being measures - life satisfaction, happiness, worthwhileness and anxiety. Average anxiety levels were higher for disabled people at 4.6 out of 10, compared with 3.0 out of 10 for non-disabled people (year ending June 2021). (ONS, 2022) Disabled people are more likely to report feelings of loneliness "often or aaYs.{15.10/O) than non-disabled people (3.60h) (year ending March 2021). The proportion of disabled people who felt lonely 'often or always" in 2021 has increased compared with 2014 {ONS, 2022) In the first quarter of 2023, the employment rate of disabled people was 53.7 /D compared to 82.70A for people who are not disabled. disabled people with severe or specffic learning dfficulties, autism and mental illness had the lowest employment rates (House of Commons Library, 2023) The proportion of disabled people with no qualifications is nearly three times that of non-disabled people (ONS, 2022) Disabled people are more likely to experience povety and unemployment, have lower incomes, and face extra living costs. These economic challenges mean disabled people are particularly vulnerabl8 to the rising costs of living. (House of Lords Library, UKParliament, December 2022) 3 out of 4 disabled people172% ) have experienced negative attitudes or behaviour in the last 5 years. 9 out of 10 disabled people {87°/0) who had experienced negative attitudes or behaviour said it had a negative effect on their daily lives. 440/0 of disabled people said they feel less equal to others because of the attitudes and behaviours they experience. (Scope, 2022) Disabled people remain far less likely to feel that they have the opportunity to be as active as they want to be (41% vs 70.kn of non-disabled people). This "activity gap" has remained consistent in previou5 years, showing an ongoing unmet need. (Alliance, 20231 Disabled adults are more likely to be victims of crime (20.8°A) than other adults119.0% ), and disabled children aged 10 to 15 (12.00A1 are almost twice as likely to be victims of crime than other children (6.30%). Disabled women are more likely to experience domestic abuse and sexual assault than non-disabled women. {National Disability Strategy update. December 2022) The UK Disability Survey found that 280A of disabled people had difficulty accessing public spaces 'all the time or 'often'. 2 in 5 disabled people had experienced drficulties shopping around for products or services, with reported barriers including a lack of appropriate facilrties (16 %), difficulty using public transport (150/0), and difficulty moving around premises (130/0} (Disability Unit , 2021) People with a long-term illness or health conditions are around 25'h less likely to have enjoyed nature in the past 14 days than others (Disability Unit, 2021) Page 3
Living Options Devon Trustees. Report What is Llvlng Options Devon dolng to address this? Promoting the needs and rights of disabled people Providing Peer SL+PPOrt Infomiation, advice and support Training disabled and Deaf people Supporting independence . Advocacy Engagement services Supporting deaf people to gain employment Counselling for Deaf and disabled p80ple Support for vlctims of crlme Improving access to services and leisur8 facilities Promoting activities to support health and wellbeing How Does this help? (Our interim outcomes) People will be provided with emotional and peer support- feel listened to and less alone,. more r8silient and empowered to make positive changes in their lives. People will feel more informed,. more 8quipped to manage their circumstances; and more able to make choices which meet their needs People will feel more connected, addressing loneliness and isolation People will be safeguarded, supported and empowered to express their views and wishes and involved in decisions being made about their lives People will gain or maintain independence People will have increased skills and confidence People will be enabled to live more active lives People will have the opportunity to share their experiences and views- to highlight issues that matter to them. and help to shape more inclusive services A wider range of places, services and organisations will have improved awareness, accessibility and inclusivity What are we aiming for? (Long term impact People with dlsabllltles and Deaf people have the same life chances and opportunities to be actlve and equal members of soclety. Every two years a comprehensive Impact R8POrt is produced which outlines the wider outcomes that the charity has deltvered for our beneficiaries. Th8 frequ8ncy of this r8POrt has been determined by the Board to ensure best value for money. This report, whilst very informative for Trustees and extemal stakeholders, is not considered cost effective to produce annually. The Report for 2022-24 will be published in due course. Board members tske part in an annual Development Day which offers an opportunity to review and discuss the achievements of the Charity against their stated aspirations and objectives for the period. Page 4
Livlng Options Devon Trustses. Report Review of activitios The Board of Trustees meets four times a year together, with online meetings as and when required. The Strategic Plan which sets out the Charty's Mission, Aims and Strategic Objectives is developed and approved by the Board in full consultation with our service users, benefi'ciaries. funders and other stakeholders. Once the Strategic Plan has been agreed, the CEO has delegated responsibility from the Board for delivery of the strategic objectives as set OLrt in the Strategic Plan. Annually, the CEO puts a proposal to the Board outlining the measures that they will be measured against that will demonstrate the Charity is moving towards achievement of the Strategic Plan. Once approved by the Board, the CEO reports against those measures at each quarterly Board meeting. Annual financial, fundrdising and perfomiance targets are developed by the Executive Team who report through quarterly reports to the Board. (e.g. management accounts, compliance wlth reseNes pollcy, accident reportlng, RAG rating for all projects and seNice areas against delivery targets, equality data monitoring, complaints and compliments etc). The Strategic Plan has b88n reviewed by the Board ensuring that it is still relevant and appropriate for the needs of Living Options Devon. servi user and stakeholder views continue to be gathered as part of this review process. Underpinning the Strategic Plan is the Business Plan which is updated annually and outlines how The Strategic Plan will be achieved. The Board plan to review future activities against the SMART objedives set out in the business plan. strateglc Report The following sections for achievements and performance and financial review form the strategic report of the charity. Flnancial review The net surplus for the year amounted to £45,667 (2023.. deficit of £67,224) of which £10,436 (2023.. deficit of £14,729) related to restricted funds and £35,231 (2023: deficit of £58,126) was attributable to unrestricted funds. On 31 March 2024 total funds were £281,978 (2023 £236,311). Unrestricted funds were £265,911 (2023.. £230,680) and restricted funds were £16,067 (2023.. £5,631). Net current assets were £233,433 {2023: £187,244). We have continued to deliver our seriices to more beneficiaries year on year. Living Options Devon applies for funding from grant makers and trusts, tenders for contracts and runs fundraising campaigns. The Strategic Plan contains a Fundraising Strategy outlining strategic objectives. The CEO has delegated authority to identify how these Strategic Objectives will be delivered at an operational level. They work with the Fundraising team to dev81op annual targets which are embedded into the budget for the following year. The Board are provided with a quarterly summary of all fundraising applications against progress and success rates. Fundraising targets are an integral part of the management accountslbudget setting process. All projects and seniices for which funds are secured ensure their monitoring regimes are in accordance with funders requirements. Data collection for monitoring purposes is centrally supported and regulated through our Research and Monitoring function. Living Options Devon is registered with and fo51ows the standards of the Fundraising Regulator, and the Fundraising Lead is a member of, and follows the stsndards of, the Chartered Institute of Fundraising. Living Options Devon has a proven track record in relation to our on-going sustainabilty over many years. We have developed a reputation for high quality and reliable seNice provision. So, whilst individual funding streams may ebb and flow, we have a solid pipeline of potential funders who want to support our work, and in the competitive world of commissioning, we offer excellent value for money due to a highly committed staff team combined with efficient systems and processes. This has resulted in being awarded 2nd and 3rd contract tems. We believe our success factors are a truly User Led Ethos, combined wtth a focus on OLrtcome measurement for our beneficiaries. Our services are ahNays designed around service user need, having people with lived experience involved at every level of the Charity. The COVID pandemic created a rang8 of challenges, but also a huge demand for our seprfices which provides us with an opportunity for futur8 growth. We plan to continue identifying what our service users and stak8holders need from us moving forwards. identifying appropriate funding sources that match the Charitys aims and objectives. Page 5
Living Options Devon Trustses. Report Structure, governance and management Goveming document The organisation is a charitsble company limited by guarantee, incorporated on 8 October 2003 and registered as charity on 4 March 2004. The charity was establish8d under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up members are required to contribute up to £10. Recruitment and appointment of trustees The directors of the company, who are also charity trustees for the purpo886 of charity law, who 88rv8d during the year are listed under legal and 8dministrative infomiation on page 1. A board of trustees of at least 5 members, who meet quarterly, administers the charitable company. A Chief Executive is appointed by the trustees to manage the day4f>day operations of the charitable company. The CEO has full delegated authority for all aspects of the Charivs perfomiance. The CEO'S pay is detemined via the Remuneration Committee of the Board which consists of the Chair of Trustees together with other nominated Trustees as needed. When invoked, the remuneration committee are informed using available external benchmarking and the Charity's performance and financial data. The CEO is responsible for setting competitive, fair and equitable pay scales for other members of the Executive and staff team. This is done in discussion with the Executive Team and Trustees as appropriate, and with reference to the NJC scales and other Job Evaluation schemes as appropriat8. There is a policy in place outlining our approach to pay which has been approved by the Board and along with all other policies are reviewed on a minimum 3-years basis. Not less than 750h of the total number of trustees shall be persons with a disabilty andlor Deaf (who use British Sign Language (BSL) as their first or preferred language). The Board of Trustees are comprised of individuals who possess a range of skills and experience that will enable them to eff8dively fu11 their individual roles on the Board. Recruitrnent is by op8n advertisement or via recruitment agency. We provide a Job Description and Person Specification for Trust8e roles. Selection being against the requirements of the published person specification via an interview process attended by 2 memb8rs of our Trustee Board. Appointment of people wrth the nessary skills set is informed by a regular Board skills audit. There is a comprehensive induction process and checklist. Board training needs are identif18d formally at annual individual Trustee performance reviews. Annual Board Development days provide whole board training. A Chairman is appointed by the trustees from the elected members. The trustees also appoint a Secretary to the Company and fix the remuneration for the post. Page 6
Living Options Devon Trustees. Report Reserve policy The Trustees recognise that Living Options Devon is currently in a secure financial position with plans for further income generation from a variety of sources and effective processes for monitoring expenditure. However, the trustees also recognise that the Charity needs to hold reserves for the following principal reasons: . To produce income to be used for funding such as deficits as arise from the Charity's operations; . To meet any deficits not covered by income in any one year; . To meet major items of unforeseen expenditure., Pay redundancy costs if services ar8 r8duced', To enable the charity to continue its core operations for a period of at least 3 months, even in Ihe eveiit of iliajor withdrawal of exiernal funding., Winding up the charity in the event of closure. The Charity will therefore endeavour to maintain a level of reserves appropriate to the financial climate in which it is operating, with particular r8f8rence to potential major financial risks (such as108s of funding) and the charity's commitment to the many people it serves. The trustees hereby resolve that they shall seek to build up and maintsin from grant income, unrestricted surpluses, investment income and fundraising, an adequate level of reseNes, to be monitored bi-annually, in order to protect the Organisation in relation to the areas of opportunity and risk set out above. They further resolve that the level of free reserves, which stand at £217,366 (unrestricted reserves of £265,911 less unrestricted fi'xed assets of £48,545) as of 31 March 2024, that the Organisation seeks to establish will cover the potential winding-up costs of the charity which stands at £312,000. The Trustees, stated aim is to return surpluses over the next 5 years to reach this target by 2029. Risk management The Trustees conducted a review of the major risks to which the charty is exposed, and a Risk Management policy is in place. A risk register has been long established and is updated quarterly. Where appropriate, systems or prOdureS have been established to mitigate the risks the charity faces. The Strategic Plan and Business Plan 2021-2026 which set a clear direction for the Charity also mitigates external risks to funding by allowing for the diversification of funding and activities. Intemal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff. volunteers, clients, and visitors. Principle risks have been identified as Reputational Damage, FinanciaVLitigation Risks, COVID related risks including challenges with staff recruitmenl and continued cyber securty risks. all of which have clear risk mitigation plans in place. We understand that the nature of risk is ever changin9 and strive to keep a clear focus on risk identification and effective risk management. Page 7
Livlng Options Davon Trustees. Report Investment Policy During the year the Trustees reviewed their investment policy and continue to utilize the existing interest paying bank account. The investment policy and potential opportunities will continue to be kept under review to ensure that the charity responds positively to any changing circumstances. Publlc Benefit Public benefit is the legal requirement of every organisation set up for one or more charitable aims to be able to demonstrate that its aims are for the public benefit if it is to be recognised and registered as a charity in England and Wales. Living Options continues to raise awareness of the needs of disabled and Deaf people to a range of organisations across Devon and develop user-led services which promot8 and support choice and independent living. Servlee users are also encoursged and supported to participate in thp. planning, delivery and evaluation of local, regional and national services. During 2023124 Living Options Devon has delivered a number of proj8Ctslservices for the public benefit including.. A general holistic advocacy seNice across Devon for vulnerable people leading a consortium of four other charities to deliver the service. This includes statutory Car8 Act Advocacy (including Prisoner advocacy)., the Independent Mental Capacty Advocacy and Deprivation of Liberty safeguarding seniice, the Independent Mental Health Act Advocacy and Health Complaints advocacy service working with Rethink Mentsl Illness. A range of Deaf Led s8lVIC8s run by and for the Devon Deaf community including advocacy, wellbeing services, BSL counselling for Deaf people and supporting Deaf people with other aspects of their daily lives. . A Victim support service for disabled and Deaf people who have been victims of crime. The Devon Engagement seNice in which Living Options Devon leads a partnership of other charities to ensure that those who are hardest to reach are consulted when decisions are being made by the local authority and health in relation to disabled people's health and wellbeing. A Big lottery Funded Wellbeing Service, which included the continuation of the 'Time to Talk, project to tackle loneliness and isolation amongst Devon's disabled people, a telephone help line, Peer Support Volunteers, and Deaf Counselling. Accessibilty Services to improve the lives of disabled people including Ac$S auditing, training and consultancy. The See Hear Centre premises {now operating out of the Roundswell Centre, Barnstaple) offering information, advice and equipment for sight and hearing loss and signposting to additional supporl services locally for disabled people and members of the Deaf Community. Countryside Mobility South West providing accessible equipment at countryside locations to offer more accessible services for people with disabilities and their families. Provision of disability, Deaf Awareness and BSL training., and access audits to public, private and VCSE organisations. Provide Exeter Cty Council with support around disability issues in relation to their planning and consultation processes. We have Mindful Employer accreditation and Disability Confident Leader (level 3). Page 8
Living Options Devon Trustees. Report Represent vulnerable people's views on a range of strategic meetings include Devon, Torbay and Plymouth Safeguarding Boards and Devon CC Health and Wellbeing Board, etc. Equality Reference Group contract funded through Devon County Council to represent disability at a strategic level. Both disabled and Deaf Counselling Se1$ are provided Our business focused website www.ouraccessibilitymatters.org supports local businesses and individuals to be more disability and Deaf aware, through our training, consultancy and access audits. Waiting Well Project to support people on Elective Care waiting lists by connecting them with community-based support to improve their quality of life and independ8nce. Oliver McGowan Mandatory Training on Learning Disability and Autism for all NHS health and social care staff across Devon. The Trustees have paid due regard to the guidan provided by The Charity Commission on public benefit in deciding vthat adivities the charity should undertake. Plans for the future During 2024125 we will continue to progress towards our Operational Objectives set out in our Strategic Plan.. Operational Objective 1 To enable disabled and Deaf people to have a voice and receive the senlices they need, by continuing to provide advocacy, information and advice, victim support and engagement seniices. Operational Objective 2 To continue to provide services which support wellbeing, independence and address loneliness and isolation. Operational Objective 3 To aid recovery from the Covid 19 pandemic, whilst promoting wellbeing more generally, we will extend our Deaf led specialist counselling seTViC8 to cover all disabilities, increasing capacity to support more beneficiaries. Operational Objective 4 To strengthen the voice of disabled and Deaf people in South West care settings, we will recruit and support a team of Experts by Experience. Op8rational Objective 5 To develop more holistic, integrated and cost-effective services, we will creat8 the LOD Hub so we can develop clear referral pathways across our Charity. Operational Objective 6 To provide a more equitable seNice across Devon, we will ensure support is embedded within all four Devon -wide localities including West Devon and Plymouth and SoLrth Devon and Torbay localities. Operational Objective 7 To turn our strapline 'Accessibility Matters, into a reality we will mart<et our Accessibility products (access auditing, disability and Deaf training, easy read and other accessible formats, mystery shopper services etc.) to more partners across the South West. Our Strategic Plan 2021-2026 sets our plans for future periods to ensure that these targets will be achieved. However, we also constantly aim to identify, tender for and monitor more projects in which our experience and expertise would be beneficial. Page 9
Living Options Devon Trustees. Report Living Options was successful in re-tendering the contract to provide Adult advocacy Services (Car8 Act Advocacy across Devon and Tort)ay, IMHA, IMCA and NHS Complaints advocacy) and Paid Representative support. This contract will now run to March 2027 with options to extend for a further 3 years. The Healthwatch (Lot 2} - Engagement Service contract {via Devon County Council} runs on a plus one basis for a further two years having been secured for the next financial year, covering all hard to reachlprotected groups. We secured a new 4-year Big Lottery Funded Wellbeing Service, to continue our Time To Talk project, reducing loneliness and isolation for disabled and Deaf people across Devon,. a new Volunteer Coordinator to provide Peer Support volunteers, supporting disabled people to attend community based services,. and Access Audits and training for community based services to promote access to services and educate how to support disabled and Deaf people in the community. The successful continuation funding of the NHS Waiting Well Project for another year to SLlPPOrt people on a wider range of waiting lists across Devon, Torbay and Plymouth by cOnnting them with community-based support to improve their quality of lrfe. We will continue with projects including support for disabled victims of crime., support and advice service for people in North Devon who have a sensory loss-, ongoing funding for our Countryside Mobility project, funding for the Equality Reference Group contract funded through Devon County Council to represent disabilty at a strategic level, and we will continue our User-Led Counselling SeNice, building on the learning of our Deaf led Counselling service, funded through a range of independent charitable Trusts and Foundations. Being part of the strategic partnership of the new VCSE Assembly to champion the voice of disabled and Deaf people across Devon, Plymouth and Torbay. We will continue to deliver the Oliver McGowan Mandatory Training on Learning Disability and Autism to NHS Health and Social Care staff across Devon, Plymouth and Torbay. Central funding from NHS England currently runs to March 2025, after which local providers and Devon ICB will fund the ongoing mandatory training. We have secured funding for some exciting new projects and services for 2024125 including.. Travelling with Confidence Project - a two year Motability funded project to increase disabled peoples, confidence using public transport across Devon, Plymouth and Torbay- in partnership with another local charity, Devon Communities Together. Ststsment of truste8s' responsibilities The trustees (who are also the directors of Living Options Devon for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of Ihe inGoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistentty- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent,. state whether applicable accounling standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements-, and prepare the financial statements on the going Concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for th8 maintenance and integrty of the corporate and financial information included on the charitsble company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 10
Living Options Devon Trustees. Report Audltor Each of the persons who is a trustee at the date of approval of this report confinns that: • so far as they are aware, there is no relevant audit information of which the charivs auditor is unaware; and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit infomation and to establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. The annual report was approved by the trustees of the charity on .411.".1..4. and signed on its behalf by: A Barge Chairnian Page 11
Living Options Davon Independent Auditor's Report to the Mombers of Living Options Devon Opinion We have audited the financial statements of Living Options Devon (the 'charity') for the year 8nded 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The finanal reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, Comprising Charities SORP FRS 102 'The Financial Reporting Standard applicable in the UK and R8public of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stat8ments'. give a true and fair view of the state of the charty'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 properly prepared in accordance with United Kingdom Generally Accepted Accounting Practlce. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtain8d is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charty's ability to Continue as a going concern for a period of at least Iwelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other inforniatio The trustees are responsible for Ihe other infomation. The other infomiation comprises the information included in the annual report, other than the financial statements and our audiiorfs report thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other inform8tion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial stat8m8nts or a material misstatement of the other infomiation. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit- the information given in the Trustees, Report for the financial year for which the financial statements ar8 prepared is consistent with the financial statements., and the Trustees, Report ha5 been prepared in accordance with applicable legal requir8m8nts. Matters on whlch we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstat8m8nts in the Trustees, Report. Page 12
Living Options Devon Independent Auditor's Report to the Members of Living Options Devon We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records hav8 not been kept, or retums 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 retums,. or certain disclosures of trustees remun8ration specified by law are not made- or we have not received all th8 information and explanations we require for our audrt. Responslbilities of trustees As explained more fully in the Statement of trust888' responsibilities (set out on page 10), the trustees are responsibl• for th6 preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees d8termine is necessary to enable the preparation of financial statements that are free trom material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting un18SS the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Audftor responslbllities for the audit of the financial statements 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 auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstalements can arise from fraud or error and are considered material if, individu8lly or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial stalements. The extent to which our procedures ar8 capable of detecting irregularities, including fraud is d8tailed below.. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors and other management. We communicated identified laws and regulations throughout our team, and remained alert to any indications of non-compliance throughout th8 audit. The company is subject to laws and regulations that govern the preparation of the financial statements, including financial reporting legislation, and other companies legislation. The company is also subject to other laws and regulations where the consequences of non-compliance could have a material impact on the amounts or disclosures within the financial statements, including employment, anti-bribery, anti-money laundering. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In any audit, there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audrt procedures responsiv8 to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Page 13
Living Options Devon Independent Auditor's Report to the Members of Llvlng Options Devon Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signrficanl audit findings, including any signfficant deficiencies in internal control that we identify durlng our audit. Use of our report This report is made solely to the charitable company's trustees, 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 Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. keJr,rb (Swl LL David Wright (Senior Statutory Auditor) For and on behalf of Westcotts (SW) LLP Chartered Accountants & Statutory Auditor 80 Oxford Street Bumham-on-sea TA8 1EF 16.11.1+ Date:..... Page 14
Living Options Devon Statement of Financial Activitles for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income Othar income 8,138 1,964,818 3,054 2,120 8,138 2,133,811 3,054 2,120 168,993 Total income 1,978,130 168,993 2,147,123 Expenditure on: Charitable activities (1,942,899) (158,557) (2,101,456) Total expenditure Net income (1,942.899 (158,557) 2,101456 35,231 10,436 45,667 Net movement in funds 35,231 10,436 45,667 Reconclllation of funds Total funds brought forward Total funds carried fOard 230,680 5,631 236,311 17 265,911 Unrestricted funds 16,067 Restricted funds 281,978 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income Other income 10,977 1,801,117 377 266 1,133 118,096 12,110 1,919,213 377 266 Total income 1,812,737 119,229 1,931,966 Expenditure on: Charitable activities {1,870,863) (128,327) (128.327) (1,999,190) Totsl expenditure {1,870,863) (1.999,190) Net expenditure (58,126) 19,098) (67,224) Net movement in funds (58,126) (9,098) (67,224) Reconclllatlon of funds Total funds brought forward Total funds carried fop4vard 288,806 14,729 303,535 17 230,680 5,631 236,311 All of the charity's activities derive from continuing operations during the above two periods. The notes on pages 18 to 31 fomi an integral part of these financial statements. Page 15
Living Options Devon (Reglstration number: 04925281 > Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 11 48,545 49,067 Current assets Debtors Cash at bank and in hand 12 530,024 401,978 932,002 402,362 397,717 800,079 Crodltors: Amounts falllng duo within one year Net current assets 1698,569) 612,835) 233,433 187.244 Net assets 281,978 236,311 Funds of the charity: Restrlcted income funds Restricted funds 16,067 5,631 Unrestricted income funds Unrestricted funds 265,911 230,680 Total funds 17 281.978 236,311 The fi'nancial statements on pages 15 to 31 were approved by the trustees. and authorised for issue on signed on their behalf by.. and A Barge Chairman The notes on pages 18 to 31 form an integral part of these financial statements. Page 16
Living Options Devon ststement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operating activities Net cash incomel{expenditure) 45,687 {67,224) Adjustments to cash flows from non.cash Items Depreciation Investment income 29,423 (3,054 72,036 35,507 (377) (32,094) Worklng capital adjustments Increase in debtors Increasel(decrease) in creditors Increase in deferred income 12 1127,662) 13,473 72,261 (202,896) {28.752) 388,575 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets Sale of tangible fixed assets Net cash flows from investing activities 30,108 124,833 3,054 {28,978) 77 377 {22,062) (266) {25,847) (21,951 > Net increase in cash and cash equivalents Cash and cash equivalents at 1 Apnl Cash and cash equivalents at 31 March 4,261 102.882 397,717 401,978 294,835 397,717 All of the cash flows are derived from continuing operations during the above periods. Charity law prohibits the use of net cash inflows on any endowment or other restricted fund to offset net cash outflows on any fund outside its own objects, except on special authority. In practice, this restriction has not had any effect on cash flows for the year. The notes on pages 18 to 31 form an integral part of these financial statements. Page 17
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its registered office is-. Units 34 Cranmere Court Lustleigh Close Matford Business Park Exeter EX2 8PW 2 Accounting policies Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charit18s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 20191 (Charities SORP {FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Living Options Devon meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othepNise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any signifi'cant areas of uncertainty that affect the carrying value of assets held by the charity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation5 of future events that are believed to be reasonable under the circumstancas. Incom8 and endowments All income is included in the Statement of Financial Activities when the charity is entitled to the incom8 and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Income from training and access audits is included as income in the period in which the relevant training s8ssion or audit visit takes pla. Donations and legacles Income from donations and grants, including capital grants, is included when these are receivable, except as follows.. .When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. .When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included until the pre<onditions for use have been met. .When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre<onditions regarding entitlement, this income is included in restricted funds when receivable. Training and access audits Income from training and access audits is included as income in the period in which the relevant training session or audit Vistt takes place. Page 18
Living Options Devon Notes to the Financial Ststements for the Year Ended 31 March 2024 Def•rred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specffies that the grant or donation must only be used in future accounting periods,. or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Other income Interest is recognised when receivable by the charity. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expendilure, it is probable settlement is required and the amount Can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charltable activltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capits, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, tt is recognised in inrne when the grant proceeds are received or receivable. Where the grant does impose specified future perfomance-related conditions on the recipient, it is recognised in income only when the perfomiance-related conditions have been met. Where grants received are prior to satisfying th8 revenue recognition criteria, they are recognised as a liability. Tangible fixed assets Individual fi'xed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depCiatIon and subsequent accumulated impaimient losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic lrfe as follows: Asset class Leasehold propety Fixtures and frttings Equipment Website Depreciation method and rate straight line over the lrfe of the lease 3 years straight line 5-15 years straight line 10 years straight line Page 19
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 Impairment of flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators 8XlSt. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the r8coverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-gen8rating units that are expected to benefrt from the synergie8 of the combination, irrespective of whether other assets or liabilitl8s of the charity are assigned to those units. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the pr8payment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of th8 reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in vthich it arises. Financial Instruments Classification A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Recognition and measurement Basic financial instruments are initially recognised at the amount receivable or payable inGluding any related transaction costs. Impaimient Current assets and current liabililies are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments Debt instruments are subsequently measured at amortised cost. Page 20
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donations and legacles Unrestrictod funds General Total 2024 Donations 8,138 8,138 8,138 8,138 Unrèstrlcted funds General Restricted funds Total 2023 Donations 10,977 1,133 1,133 12,110 10,977 12,110 4 Income from charitable actlvltles Unrestrlcted funds General Restricted funds Total 2024 Grants Fees and contracts 95,456 1,869,362 1,964,818 168,993 264,449 1,869,362 168,993 2.133,811 Unrestricted funds General Restricted funds Total 2023 Grants Fees and contracts 250,173 1,550,944 118,096 368,269 1,550.944 1,801,117 118,096 1,919.213 Page 21
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 5 Investment Income Unrestrlcted funds General Total 2024 Bank interest receivable 3,054 3,054 3,054 3,054 Unrestricted funds General Total 2023 Bank interest receivable 377 377 377 377 6 Expenditure on charitable activities Expenditure on charitable activities by fund type Unrestricted funds General Restricted funds Total 2024 Service provision Support costs 3,683 1,939,216 8,271 150,286 11.954 2,089.502 1,942,899 158.557 2,101,456 Unrestricted funds General Restricted funds Total 2023 Service provision Support costs 15,087 113,240 15,087 1,984,103 1,999,190 1,870,863 1,870,863 128,327 Page 22
Llving Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 Expenditure on charitsble activities by activity type Support Total funds costs 2024 Direct costs Service provision Govemance costs 11,954 2,070,563 30,893 2,070,563 30,893 11,954 2,101,456 2,101,456 Support Total funds costs 2023 Direct costs Service provision Governance costs 15,087 1,958,432 25,671 1,984,103 1,973,519 25.671 1,999,190 15,087 Page 23
Living Options Davon Notes to the Financial Statements for the Year Ended 31 March 2024 7 Analysls of governance and support costs Support costs allocated to charltable activities Total 2024 Total 2023 Premises Telephone Bank charges Enablement costs Travel Office wsts Recwitment Training Service provision fees Publicity Depreciation, amortisation and other similar costs Sundries Volunteers, expenses User Costs Auditors, remuneration Legal fees Wages and salaries Social security costs Pension costs 67,843 18,150 541 55,399 20,741 314 30,089 29,937 117,093 4,654 14,679 494,139 737 35,507 7,598 837 3,756 5,580 20,091 1,021,778 80,866 40,308 1.984,103 43,715 110,809 7,438 10,732 443,894 3,772 29,423 8,088 1,633 4,978 6,645 24,248 1,146,158 87,571 44,000 2,089,502 8 Net incomingloutgoing resources Net incomingl(outgoing) resources for the year include- 2024 2023 Depreciation of fixed assets 29.423 35,507 9 Trustees remuneration and expenses During the year no Trustees (2023.. no) made donations or paid for seNices provided to them by the charitable company worth a total of £nil (2023.. £nill. During the year, no expenses were incurred (2023: £nil) in providing seNices to any of the Trustees (2023.. nil) to enable them to undertake their duties (both as Trustees and Non-Trustees delivering project work). Also during the year, no expenses (2023.. £nil) were reimbursed to any of the Trustees (2023.. nill, of which £nil12023.' £nil) related to the attendance at various meetings. Page 24
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 10 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Wages and salaries Social security costs Pension costs 1,146,158 87,571 44,000 1,277,729 1,021,778 80,866 40,308 1,142,952 No employee reiVed emoluments of more than £60.000 during the year. The key management personal are considered to be the Chief Executive Officer, the Deputy Chief Executive OffIr and the Finance Manager. The total benefits paid to key management personnel for seNices provided to the charity were £150,904 (2023.. £145,890). 11 Tangible fixed assets Land and buildings Flxtures and flttings Website Equipment Total Cost At 1 April 2023 Additions Disposals 92,267 72,730 7,945 (3,277) 77,398 34,517 6,750 14.867) 444,871 14,283 (5,230) 844,385 28,978 (23,374) At 31 March 2024 92,267 26,400 453,924 649,989 Depreclatlon At 1 April 2023 Charge for the year Eliminated on disposals 88,102 4,165 65,954 6,702 (3,2771 20,685 2,840 (14,790) 420,577 15,916 15,230) 595,318 29.423 (23.297) At 31 March 2024 92,267 69,379 8,535 431,263 601,444 Net book value At 31 March 2024 8,019 17,865 22,661 48,545 At 31 March 2023 4,165 6,776 13,832 24,294 49,067 12 Debtors 2024 2023 Trade debtors Prepayments and accrued income 394,788 135,236 530,024 285,314 117,048 402.362 Page 25
Living Options Devon Notes to the Financial Statemants for the Year Ended 31 March 2024 13 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security VAT Other CditorS Accruals Deferred income 36,916 21,441 49,997 44,109 18,681 30,013 10,416 15,272 494,344 23,610 566,605 698,569 612,835 14 Obllgatlons under leases and hire purchase contracts Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Within one year Between one and five years 65,471 167.837 40,680 3,807 44,487 233,308 15 Deferred income 2024 2023 Blfwd Amount released to income Amount deferred in year Cfvd 494,344 (494,344) 566,605 105,769 (105,769) 494,344 566,605 494,344 16 Pension and other schemes Deflned contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contribLrtions payable by the charity to the Scheme and amounted to £44.000 (2023 - £40,308). Page 26
Living Options Devon Notes to the Flnancial Statements for the Year Ended 31 March 2024 17 Funds Balance at 31 March 2024 Balance at 1 Aprll 2023 Incoming resources Resources expended Restricted funds NHS Charities Together Devon Community Foundation Hou88hold Support Grant BLF Coininunity Fuiid Wellbeing Service Peter Harrison Foundation Travel With Confidence David Family Foundation BLF Community Fund D8af Counselling 5,631 16,237 (21,868) 9,405 121,298 10,000 935 2,000 9,118 (9,405) (105,580) (10,000) (606) (2,000) (9,118 {158,557) 15,738 329 5,631 168,993 16,067 Page 27
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Balance at 1 Aprll 2022 Incomlng resources Resources expended Restricted funds Big Lottery Fund- Time to Talk Reaching Communities NHS Charities Together Deaf Worff Club Devon Community Foundation Household Support Grdnt Skills for Care Workforce Development Fund for Individual Employers Big Lottery Fund- Wellbeing SeNice Devon Community Foundation DCC Food, Fuel and More Peter Harrison James Tudor Devon Community Foundation Community Grant Framing Nature Devon Community Foundation Devonian Grant Scheme 558 14,171 15,085 41,944 833 (15,643) (50,484) (833) 5,631 6,796 {6,796) 7,370 12,366 (7.370) 112.366) 12,835 10,000 5,000 (12,835) (10,000) (5,000) 2,000 {2,000) 5,000 (5,000) (128,327 14,729 119,229 5,631 Page 28
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 18 Analysis of net assets betwe8n funds Unrestrlcted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 48,545 905,591 (688,224) 265,912 48,545 932,002 698,569) 281,978 26,411 (10,345 16,066 Total net assets Unrestrlcted funds General Total funds at 31 March 2023 Restricted funds Tangible fixed assets Current assets Current liabilities 49,067 778,514 (596.9011 230,680 49,067 800,079 (612,835) 236,311 21,565 15,934) Total net assets 5,631 Page 29
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 19 Analysis of charltable funds Heritage Lottery Fund - Herltage Ability Aims to improve customer experience at Heritage sites for p80ple with limited mobility, learning disabilitylautism and for those from the Deaf community (using British Sign Language) so they can better understand and interpret their local Heritage. The fund is a surplus at the year end due to funds being used to purchase capital items, the fund will decrease as the assets depreciate over their useful economic life. Big Lottery Fund Reaching Communlties Tlme to Talk Providing a range of sUPPOrt options including telephone support and a Deaf Counselling service and locality based forums to combat loneliness and isolation for Devon based disabled and Deaf people. NHS Charities Together Community Partnership Grant Programme Options for Living Project Funding to train a team of community vaccine champions to increase Devon's Covid-19 vaccine uptake in higher risk communities & to improve support for patients coming home after a stay in hospital from harder to reach groups and people with protected characteristics. Deaf Work Club (European Unlon European SoGlal Fund) IPetroc Community Grants 2022 The Bif Lottery 2021) A project for Deaf British Sign Language users to develop employability skills and knowledge through peer support and training so that more people can fulfil th8ir potential. Devon Community Foundation 2022 Funding to employ a redesign officer to work on the development of the sight and hearing loss information and advice service in Northern Devon, while a face to face service was not possible. National Emergencies Trust {NETI DPO'S Emergency Covid Fund Funding for the provision of a counselling seNice and specialist advisor. The National Lottery Community Fund To offer free accessible counselling Servi and specialist advisor. Devon Community Foundation Household Support Grant Funding to support disabled and Deaf people that are experiencing financial hardship. Skills for Care Workforce Development Fund for Indlvldual Employers Providing training to personal assistants and individual employers across Devon. Livewell Plymouth Deaf Keep Active - Funding to increase participation in physical activity for Deaf British Sign Language (BSL) users, helping to addr8SS the impact of Covid-19 on people's activity levels and health and wellbeing. Devon Community Foundation DCC Food, Fuel and More The provision of immediate cost of living support for disabled and deaf people, across Devon. Big Lottery Fund - Wellbeing Service Includes the continuation of the 'Time to Talk, project to tackle loneliness and isolation amongst Devon's disabled people. a telephone helpline, Peer Support Volunteers and Deaf Counselling. Workforce Development Fund for Individual Employers The provision of immediate cost of living support for disabled and deaf people, across Devon Peter Harrison Towards the cost of the implementation of the 'Get Active Togetherf programme across Devon and the Southwest. James Tudor Towards the accessible counselling service. Devon Community Foundation Community Grant Framing Nature 6 week photography project for disabled and deaf people. Devon Community Foundation Devonian Grant Scheme Towards the refurbishment of mobility scooters (Trampers) for our Countryside Mobility project. Page 30
Living Options Devon Notes to the Financial Statements for the Year Ended 31 March 2024 20 Related party transactlons There were no related party transactions in the year. Page 31