REGISTERED COMPANY NUMBER: 05045034 (England and Wales) REGISTERED CHARITY NUMBER: 1103725
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for Adults Supporting Adults (ASA Shared Lives) (A Company Limited by Guarantee)
Prestige Accounting Limited T/A Simon Moss & Co The Finance Centre 34a Southgate Sleaford Lincolnshire NG34 7RY
Adults Supporting Adults (ASA Shared Lives)
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | to | 7 |
| Statement of Cash Flows | 8 | ||
| Notes to the Statement of Cash Flows | 9 | ||
| Notes to the Financial Statements | 10 | to | 17 |
Adults Supporting Adults (ASA Shared Lives) (Registered number: 05045034)
Report of the Trustees for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the company are to support the needs of adults in Lincolnshire and other counties who are vulnerable as a result of disability, mental health difficulties or age, and to provide for them as appropriate to achieve an independent and socially inclusive lifestyle as possible.
At present, ASA achieves its aims and objectives by providing the following services, which are provided to individual people based on a person centred plan which keeps the focus on positive outcomes for the client:
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Day time provision
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Sit2Gether
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Shop2Gether voluntary services
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Brokerage services (a resource supporting the administration of personal budgets in partnership with Penderels Trust on behalf of Lincolnshire County Council, managed funds do not form part of these accounts)
ASA's primary contract is with Lincolnshire County Council together with supporting clients in receipts of personal budgets and direct payments.
The further growth of Day Time Provision is likely to be the main focus of expected developments during the forthcoming year.
Public benefit
To benefit the public by providing information of the needs of vulnerable adults.
The trustees confirm that they have complied with the requirements of Section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
STRATEGIC REPORT
Financial review
At 31st March 2024, the charity had £371,195 of unrestricted reserves which includes £16,624 of fixed assets. £68,697 of these reserves have been designated to special reserves by the directors. These are split as follows:
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Pension provision - £35,678
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Redundancy provision - £27,877
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Expansion reserve - £5,142
The remaining unrestricted reserves of £302,498 have been kept at a level to fund the ongoing activities. At present represent approximately three months of admin and service costs. This is not considered excessive by the directors.
Principal funding sources
ASA's principal funding sources are direct payments funded by Lincolnshire County Council, Lincolnshire Partnership Foundation NHS Trust and NHS together with funds received direct from clients.
Page 1
Adults Supporting Adults (ASA Shared Lives) (Registered number: 05045034)
for the Year Ended 31 March 2024
Report of the Trustees
STRATEGIC REPORT
Financial review
Investment policy and objectives
ASA directors and senior management team will exercise a general duty of care when carrying out investment activities. They will consider the suitability for their charity of any investment. They will consider the need for diversification to reduce the risk of losses resulting from concentrating on particular investment, or type of investment.
Investments will be reviewed at least on an annual basis, or at such time that an investment term is complete, if sooner.
To reduce risks the directors and senior management team will consider the following when investing surplus funds:
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to invest in markets where financial services are closely regulated, and compensation schemes are in place
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to have suitably diversified investment portfolio; and
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to be particularly wary of making speculative forms of investment.
Reserves policy
It is the policy of ASA that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue ASA's current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 16 February 2004 and registered as a charity on 12 May 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
Organisational structure
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1) Non-executive Board of Directors 2) Managing Director
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3) Operations Manager
The Operations Manager is in charge of the Area Managers for South, East and West, who in turn are in a charge of the Area Supervisors for South, East and West.
Induction and training of new trustees
Potential trustees are already familiar with the practical work of the charity having met with both the Chief Executive and Chair and attended a Trustees meeting as a guest.
Additionally, potential trustees are invited to attend operational visits / staff shadowing and receive the following documents and information:
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Induction pack including a history of the organisation and summary of services and structure
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Board member profiles
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Strategy documents and business plan
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Governance handbook
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List of policies and procedures
Existing trustees meet staff regularly and attend a minimum of one training away day per year.
Setting key management remuneration
All personal remuneration is discussed by the HR committee and a decision regarding any remuneration proposals are put to the board for authorisation.
Funds held on behalf of others
Adults Supporting Adults manage Lincolnshire County Council funds which are not part of these accounts.
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Adults Supporting Adults (ASA Shared Lives) (Registered number: 05045034)
Report of the Trustees for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05045034 (England and Wales)
Registered Charity number
1103725
Registered office
18 Northgate Sleaford Lincolnshire NG347BJ
Trustees
N Armstrong Director N J L Horner Director Mrs P E Railton Director (resigned 5 September 2022) H J Sanders Director K Phillips Director Miss O Armstrong Director Mrs E Wheelwright Director (appointed 26 June 2023)
Independent Examiner
Simon Moss FCCA Prestige Accounting Limited T/A Simon Moss & Co The Finance Centre 34a Southgate Sleaford Lincolnshire NG34 7RY
Bankers
Handelsbanken 5 Henley Way Doddington Road Lincoln LN6 3QR
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 7 October 2024 and signed on the board's behalf by:
K Phillips - Trustee
Page 3
Independent Examiner's Report to the Trustees of Adults Supporting Adults (ASA Shared Lives)
Independent examiner's report to the trustees of Adults Supporting Adults (ASA Shared Lives) ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Moss FCCA
Prestige Accounting Limited T/A Simon Moss & Co The Finance Centre 34a Southgate Sleaford Lincolnshire NG34 7RY
7 October 2024
Page 4
Adults Supporting Adults (ASA Shared Lives)
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024
| Unrestricted fund Designated Notes £ £ INCOME AND ENDOWMENTS FROM Charitable activities 2 991,862 - Investment income 3 7,654 - Total 999,516 - EXPENDITURE ON Charitable activities 4 Staff costs 908,507 - Support costs 58,344 12,078 Total 966,851 12,078 NET INCOME/(EXPENDITURE) 32,665 (12,078) Transfers between funds 15 (12,641) 12,641 Net movement in funds 20,024 563 RECONCILIATION OF FUNDS Total funds brought forward 282,474 68,134 TOTAL FUNDS CARRIED FORWARD 302,498 68,697 |
31.3.24 Total funds £ 991,862 7,654 999,516 908,507 70,422 978,929 20,587 - 20,587 350,608 371,195 |
31.3.23 Total funds £ 928,956 - 928,956 845,854 63,095 908,949 20,007 - 20,007 330,601 350,608 |
|---|---|---|
The notes form part of these financial statements
Page 5
Adults Supporting Adults (ASA Shared Lives) (Registered number: 05045034)
Statement of Financial Position
31 March 2024
| Unrestricted fund Designated Notes £ £ FIXED ASSETS Intangible assets 10 12,846 - Tangible assets 11 3,778 - 16,624 - CURRENT ASSETS Debtors 12 185,486 - Cash at bank and in hand 210,279 68,697 395,765 68,697 CREDITORS Amounts falling due within one year 13 (109,891) - NET CURRENT ASSETS 285,874 68,697 TOTAL ASSETS LESS CURRENT LIABILITIES 302,498 68,697 NET ASSETS 302,498 68,697 FUNDS 15 Unrestricted funds TOTAL FUNDS |
31.3.24 Total funds £ 12,846 3,778 16,624 185,486 278,976 464,462 (109,891) 354,571 371,195 371,195 371,195 371,195 |
31.3.23 Total funds £ 1,305 4,320 5,625 175,993 263,905 439,898 (94,915) 344,983 350,608 350,608 350,608 350,608 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 7 October 2024 and were signed on its behalf by:
The notes form part of these financial statements
continued...
Page 6
Adults Supporting Adults (ASA Shared Lives) (Registered number: 05045034)
Statement of Financial Position - continued 31 March 2024
K Phillips - Trustee
The notes form part of these financial statements
Page 7
Adults Supporting Adults (ASA Shared Lives)
| Statement of Cash Flows for the Year Ended 31 March 2024 Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of intangible fixed assets Purchase of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.24 £ 23,438 23,438 (14,280) (1,741) 7,654 (8,367) 15,071 263,905 278,976 |
31.3.23 £ 27,427 27,427 - (2,441) - (2,441) 24,986 238,919 263,905 |
|---|---|---|
The notes form part of these financial statements
Page 8
Adults Supporting Adults (ASA Shared Lives)
Notes to the Statement of Cash Flows for the Year Ended 31 March 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Net income for the reporting period (as per the Statement of Financial | ||
| Activities) | 20,587 | 20,007 |
| Adjustments for: | ||
| Depreciation charges | 5,022 | 2,219 |
| Interest received | (7,654) | - |
| Increase in debtors | (9,493) | (4,185) |
| Increase in creditors | 14,976 | 9,386 |
| Net cash provided by operations | 23,438 | 27,427 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash | At 1.4.23 £ |
Cash flow £ |
At 31.3.24 £ |
|---|---|---|---|
| Cash at bank and in hand | 263,905 | 15,071 | 278,976 |
| 263,905 | 15,071 | 278,976 | |
| Total | 263,905 | 15,071 | 278,976 |
The notes form part of these financial statements
Page 9
Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.Trade debtors are recognised at the transaction price, less provision for impairment.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.Trade creditors are recognised at the transaction price.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses.
Intangible assets
Amortisation is provided at the following annual rate in order to write off each asset over its estimated useful life.
Computer software - 33% on cost
Intangible assets are initially measured at costs. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Office equipment - 33% on cost
Tangible fixed assets are held at cost less depreciation.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going concern
The trustees consider that there are no material uncertainties regarding the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
2. CHARITABLE ACTIVITIES
| Direct payments/private provision Donations Other income Training and Consultancy Lincolnshire County Council Service Contract INVESTMENT INCOME Deposit account interest CHARITABLE ACTIVITIES COSTS Staff costs Support costs SUPPORT COSTS Staff costs Support costs |
31.3.24 £ 854,247 837 23,998 40,640 72,140 991,862 31.3.24 £ 7,654 Support Direct costs (see Costs note 5) £ £ 906,459 2,048 - 70,422 906,459 72,470 Governance Other costs £ £ 2,048 - 61,715 8,707 63,763 8,707 |
31.3.23 £ 799,124 367 26,145 30,242 73,078 928,956 31.3.23 £ - Totals £ 908,507 70,422 978,929 Totals £ 2,048 70,422 72,470 |
|---|---|---|
3. INVESTMENT INCOME
4. CHARITABLE ACTIVITIES COSTS
5. SUPPORT COSTS
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
5. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|31.3.24|31.3.23|
|Staff|Support|Total|Total|
|costs|costs|activities|activities|
|£|£|£|£|
|Other staff costs|1,693|-|1,693|827|
|Insurance|-|2,320|2,320|2,821|
|-|
|Light and heat|2,016|2,016|2,150|
|-|
|Telephone|16,884|16,884|17,023|
|-|
|Postage and stationery|4,602|4,602|5,688|
|Sundries|355|1,522|1,877|812|
|Bad debts|-|-|-|3,842|
|Rent|-|7,362|7,362|6,500|
|Motor expenses|-|818|818|282|
|Repairs and renewals|-|2,847|2,847|980|
|-|
|Training and consultancy|4,525|4,525|2,137|
|-|
|Trustees' indemnity insurance|1,089|1,089|1,089|
|-|
|Computer expenses|9,967|9,967|3,349|
|Subscriptions|-|606|606|1,664|
|-|
|Bank charges|2,135|2,135|2,727|
|Amortisation of intangible fixed assets|-|2,739|2,739|765|
|-|
|Depreciation of tangible fixed assets|2,283|2,283|1,454|
|-|
|Accountancy and legal fees|8,707|8,707|9,924|
|2,048|70,422|72,470|64,034|
----- End of picture text -----
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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----- Start of picture text -----
||||
|---|---|---|
|31.3.24|31.3.23|
|£|£|
|Depreciation - owned assets|2,283|1,454|
|Hire of plant and machinery|1,693|827|
|Computer software amortisation|2,739|765|
----- End of picture text -----
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 8. | STAFF COSTS | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Wages and salaries | 855,825 | 793,642 | |
| Social security costs | 30,375 | 31,243 | |
| Other pension costs | 20,259 | 20,030 | |
| 906,459 | 844,915 | ||
| The average monthly number of employees during the year was as follows: Charitable activities (full time equiv) |
31.3.24 33 |
31.3.23 31 |
|
| No employees received emoluments in excess of £60,000. The total employee benefits of the key management personnel of the charity were £104,052 (2023 - £91,940). |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund Designated £ £ INCOME AND ENDOWMENTS FROM Charitable activities 926,735 2,221 EXPENDITURE ON Charitable activities Staff costs 845,854 - Support costs 55,453 7,642 Total 901,307 7,642 NET INCOME/(EXPENDITURE) 25,428 (5,421) RECONCILIATION OF FUNDS Total funds brought forward 257,046 73,555 TOTAL FUNDS CARRIED FORWARD 282,474 68,134 |
Total funds £ 928,956 845,854 63,095 908,949 20,007 330,601 350,608 |
|---|---|
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. INTANGIBLE FIXED ASSETS
| INTANGIBLE FIXED ASSETS | |
|---|---|
| Computer | |
| software | |
| £ | |
| COST | |
| At 1 April 2023 | 15,900 |
| Additions | 14,280 |
| At 31 March 2024 | 30,180 |
| AMORTISATION | |
| At 1 April 2023 | 14,595 |
| Charge for year | 2,739 |
| At 31 March 2024 | 17,334 |
| NET BOOK VALUE | |
| At 31 March 2024 | 12,846 |
| At 31 March 2023 | 1,305 |
11. TANGIBLE FIXED ASSETS
| COST At 1 April 2023 Additions At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Fixtures and Office fittings equipment £ £ 3,595 38,257 310 1,431 3,905 39,688 3,595 33,937 43 2,240 3,638 36,177 267 3,511 - 4,320 |
Totals £ 41,852 1,741 43,593 37,532 2,283 39,815 3,778 4,320 |
|---|---|---|
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments and accrued income 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accrued expenses |
31.3.24 £ 179,573 3,500 2,413 185,486 31.3.24 £ 2,403 19,574 4,043 83,871 109,891 |
31.3.23 £ 172,078 2,600 1,315 175,993 31.3.23 £ 489 7,088 2,623 84,715 94,915 |
|---|---|---|
14. LEASING AGREEMENTS
The company had outstanding commitments in respect of operating leases at 31 March 2024 of £3,960 (2023 - £3,250).
15. MOVEMENT IN FUNDS
| Unrestricted funds General Designated TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds General Designated TOTAL FUNDS |
At 1.4.23 £ 282,474 68,134 350,608 350,608 s follows: |
Net movement in funds £ 32,665 (12,078) 20,587 20,587 Incoming resources £ 999,516 - 999,516 999,516 |
Transfers between At funds 31.3.24 £ £ (12,641) 302,498 12,641 68,697 - 371,195 - 371,195 Resources Movemen expended in funds £ £ (966,851) 32,665 (12,078) (12,078) (978,929) 20,587 (978,929) 20,587 |
|---|---|---|---|
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.22 £ Unrestricted funds General 257,046 Designated 73,555 330,601 TOTAL FUNDS 330,601 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General 926,735 Designated 2,221 928,956 TOTAL FUNDS 928,956 |
Net movement At in funds 31.3.23 £ £ 25,428 282,474 (5,421) 68,134 20,007 350,608 20,007 350,608 Resources Movemen expended in funds £ £ (901,307) 25,428 (7,642) (5,421) (908,949) 20,007 (908,949) 20,007 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Designated TOTAL FUNDS |
At 1.4.22 £ 257,046 73,555 330,601 330,601 |
Net movement in funds £ 58,093 (17,499) 40,594 40,594 |
Transfers between funds £ (12,641) 12,641 - - |
At 31.3.24 £ 302,498 68,697 371,195 371,195 |
|---|---|---|---|---|
continued...
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Adults Supporting Adults (ASA Shared Lives)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General | 1,926,251 | (1,868,158) | 58,093 |
| Designated | 2,221 | (19,720) | (17,499) |
| 1,928,472 | (1,887,878) | 40,594 | |
| TOTAL FUNDS | 1,928,472 | (1,887,878) | 40,594 |
16. RELATED PARTY DISCLOSURES
During the year the charity made the following related party transactions:
Duncan & Toplis Limited
K Phillips is a Trustee of Adults Supporting Adults (ASA Shared Lives) and a Director of Duncan & Toplis Limited. Payroll and other accountancy services provided amounted to £3,801 (2023 - £3,111). At the year end date, the amount due to Duncan & Toplis Limited was £776 (2022 - £13).
Page 17