REGISTERED COMPANY NLThIBER: 115154613 IEngl%nd abd W4le3) REGISTERED CHARITY NUMBEK. 1115319 Re￿rt of the Tr•stees and Flllancl￿ Statements for the Year Ended 31 hlarch 2023 North L4)ndon Aduli CAre l.td (A Company IAmlted by Guarantee) BBK ParnKrship Chartered Accollntattts & Ststutory Audito l Bea￿ba￿ Court 10 Victors Way Barnet EN5 51'Z North tA)ndoD Adlltt Care IAd Collt¢bts ofthe StAtements for the Yew Ended 31 M*rch 2023 P*8e ReporLof the Trnstett {IneoryoraO*g i¢r*tegk And directors reports) I to 5 Report of the Independent Audlt•rs 6 ￿ 11 St•tement ofFkn*ncl*l Actfvltle4 Stakmen¢ of FlTrane5al Pmltifjn 10 Statement Df CA8h Flovi Notes tn the Ststen*n¢ ofcuh FIOWA 12 Nolu to the Fln#nelAI Statements 13 to 20 Detalled St*Qement of FIffj*thd￿ Actmtl 21 to 22 North ￿nd￿ll Adult Care Ltd IR*teTed 05154613) Report of tbe Tn￿tee5 Oneorpora(ing strategic dlrecthTS reports) for the Ye*r Ended 31 Msirch 2023 Thc Trll8te￿ present their report and the wditcd financial ststcmcnts of thc charity for the year ended 31 March 2023. The truste08 have adopted theprovi8ioAs ofthe Statement of Recommuth Practicc (SORP)'Accoullting Rewrtin8 by Charitics. in preparing the annual rqM)rt #nd finaDcial slatemertts of the charity. The financial $tstements have becn prepare41 in 8K¢Ord￿ with thc aC￿U￿ting policies set Olll in noteB to the ￿￿ounts and comply with the ch&ity8 8overnittg thicvmen¢ the ChaTities Ad 2011 and Accounting and Reporting by ChaTilies.' Statem¢nl of Recommendcd PTACtice opplicable ￿ chan"li&s preparing accounts in accordance ￿ the Financial Rcporting Stathdard applicable in the UK and Republic of Ire1w￿ publis}￿ in (ktob¢r 2019. OWECTIVES AND ACr￿￿iFs Our Vlsion Our vi8ion is of a communicy wher¢ people le*J safe and Inde￿￿1 lif¢. Our Mlsslon Our mi￿10￿ is to a$ses8 needs andpmvide peT8onrycentred care to vuln¢r4bl¢ adults in a community vthile promotin8 their safety and active participation ro achicvc poqitive oUt￿mes. Our Valves We Ckre- We care about people and At4nd up for what 1$ ri￿[ We Respe¢t- We are open and honc&t aNI value people for who thcy at¢. W¢ L£am- We listen, we work togcther and we continue to impmvc. We t observe the metho(b and principles in the CbaTity SORF. make judgeTnents and ¢8timatss that are reasonable and ptudeal 818t¢ whether applicable aecoullting standards have beu) followul. thjbj￿t to any tithial dcpaTthB di&¢loseA aDd C￿plained in the fLnanci&l ststemcll prepare th¢ financial st&trM￿ts on the going ¢oncem basis wd¢58 it is itiappropriate to'pre4ume tb8t the charitable company will continue in bu5ine68. The (rustees are respoD8ible fot keeping proper ateottnting rec￿1& wbicb discloic with reasoDable accuracy at any tim¢ the fmancial position of the charitable CA)mpAny aDd to enable them to CDBurc that the finaDcial stfttements wmply with Ihe CompaDlt$ Act 2(M)6. They arc rewin8ible for safeguardkng thc assets of the cbaritable QlDJpany and hence for fakj'ng reasonable steps for th¢ praventioll and detection of fraud and othtt ittegulariti¢s. In 80 far as the tn]stees are awarc: - there is oo relevant iudit infOrn￿tIOn of which the clwritabk companY8 auditorn are UDaware,' arml - the trustees have tsken all $t¢ps that they ought w h4v¢ lak¢D to maketheDwlves aware of any releVant&￿ttInforn￿tI0O and to establish that th¢ 4uditOfS 4Te aware of that iDfonna¢io STATEMEh'T AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the tnJsteLs are avrare, tbcre is no relevatlt iofornution defined by Seetson 418 of the Companics Act 2006) of which tbe cbaritsbk w]roan￿8 audithrs are MDaware, and each tsiL8tee has tthrA all the 8teps thai they ought to have laken 39 a ¢n￿tte ID order to nyake them avAre of any audit irrforniation and to est￿￿.8￿ that the cb&rithblc company's auditors are aware of that iuformatiorL AUDITORS The auditors, BBKPartner8hip> offer themselv￿ for appointment in a¢¢Ord￿ with 8ediob 485 of th¢ Companies Act Report of the tn￿t rporating a strate8ie.rLwr4 8pproved by order of thc board of tr￿t￿.. ¥s the company #od sigr¢d ots th¢ bo8rd'8 behalf by. .Mr R V Tailor - TnLgtec Page 5 Report of the IndeptDd¢nl AudItn￿ to the Members of North Adylt Care Ltd Opinlon W¢ have auditrd thc fina￿la1 statements of North tKJndots Adult Care (the'charithbl¢ compan￿) for the year eTHI 31 March 2023 which compr.ise the Ststement of Fit)avcial Activities. the Statement of Financial Position. the Statement of Cash Flows and7M)tcs to the fit)an¢ial statem¢Dts, in¢ludtng a 5unJmary ofsibmificant ￿unting F￿liCieS. Th< r]nancial reporting fratnework that has been applied in theiT preparatson is 8ppltcable law aTMI United Kingdom Accoulltin8 Standards (uti1t￿ Kingdom Generally Accepted Accounting Practic£), includin8 Financial Reporting Sta]thJd 102'The Financial Reporfitsg Stsndard applicabl¢ in the UK and Rq)ubli¢ of Ireland.. tn our opinion the fin￿cial stst¢m¢uts'. give a (Tue and fair Yiew of th¢ state of the chfftrithble COMpan￿S affairs as at 31 March 2023 and of its illeOmiDg resources and application of re￿UrCe￿ incbjling its ineome And expendittwe, for thc year then cnded,. ave been properly prepared in a¢cordance with Unitrd Kingdom Generally Accepted Accounting Pwtic£. including FAllaThcial Repuning StandaTd 102 Tr Fitwicial Ryrting Stsndard applicablc in the UK and Republic of Ir¢lwHI': have been prepared in aeeordwe with the re4wiments of.the CompAni¢s A¢1 21KI6. B*sli for oplnlon We conducted our audit in accord&rtee with International stand￿ll￿ on Auditing (UK) USA$ IUK)) and applic4ble law. Our resrM)ttsibilities Wmler those t*tandards are fjjrther descril￿d in the Audi￿[$, reswnsibilitiQ4 for the audit of th¢ financial it4tements seciion of (Jur r¢port. We are independcnt of the charitable Company in accordance the ethical r¢quirements Lhat ￿ r¢l¢vant to our a￿11 of thc financial statements in the UK. including the FRC'5 Ethical Standard. and we have fijlfillcd our other ethical responsibilili¢x in acCOrda￿t with these rwuirements. We belicve that the audit evidence we havL oblained is suffici¢rtl aTKI 4ppmpriate w wjvid¢ a bjsis for our opinion. Coneltsslon$ relatlng to ioln¥ coThcern In auditing the financial statements, we bav¢ concluded that th¢ trus**S' use of the 80in8 eoncern basis of acc4m￿tin¥ in th¢ preparation of the fEnanci81 statements is app[L)pri￿¢. BLqed on the work w¢ h4vc perfortml, we have not identified any material u[￿ert￿ntIc% relating ty events or conditions that, individually or collcctiv¢ly, may cast significani doubt on the charitable Compan￿1￿ ability to conunue as a goin8 c(inccrn for a period of ai least Iwrlve months from WI￿￿ the ritw￿La] ststements aTe authoriscd for i88ue. Our rexponsibilities and the respoTh%ibilities of the trustees with rw¢¢t to gOill8 CL)ncern are dcscribed in the relevant 8e¢tion8 of this report. Emph*sts of mAtttr We dr&w att¢Dtion to Note 17 of the financial stalemcnts. vthich descrilxs the tyustc¢% corrective action on prior year adju8tmenL8. Our opinion is not modified in respeci of this matter. Other Inform*tlon The tnL8tees are r&sponBible for thc other infom)atiots. Thc other information oomprise8 the inf0m￿tion included in the Annual ReporL other than the financial Statements aDd our Report of tndep¢ndent Auditors th¢r¢o Our opinion on the fitwici41 statements d(bC5 T￿t ¢￿Verthe othcr infOrn￿tiON except to the extetttothmvise explicitly slated in ow report. we do not ¢xpress any forni of assur￿ conclusion tlweo In ¢onrtection with our audit of the finaDcial qtstementg, our reswnqibility 15 to read tl* other infornNatioD alld in doin SO. COll5ider whether tbe othcr inf0m￿tIOn is mkniaily irwnsislent with the flljancial statemcnts or our kllowlcdg¢ obtained in the audit or otherwise appears Iij be materially rni&statrd. If wc identify such material inconsiskncies or apparent matcrial misStatern¢n￿ we ar¢ requircd to det¢Tmine whcther th]s give5 rise (o a mat¢Tial mI￿￿tEM¢nI in tbe finat)ci&l statements themsclves. IC b#5ed on the work we have ￿rforn￿J, we concl￿￿ that there is a ￿￿t(rial misststettKnt of tbis other infornutioffj we are r4illre41 to report thfftt r￿l We have Dothillg to report ffn this rewd. Report of the Independent Audltors to the Members of Nortb Ltythdon Adult C4re Ltd Opiniony on other rnitttrs preseribed by the Comptiies Act 2(M)6 In our opinion, btscd on th2 WOt* undertaken in tht course of tbe audiL' the inforni￿lan givenin the RepTrrt of thc Tn￿ for the fill￿ClaI ye8J for wbich the financial Stalen￿nts Arcprepared 18 consistent with thc fina￿]01 siateNKnis,' and th¢ Repon of the Trustccs h85 been prepared ith accordanct with applicable Iwi rb4uiremen Matters o* whlch we are required t• report by exceptlon In the light of thc kTK)wledge and urxler51andin¥ of the charitsblc compaDy and its environment obtained in the course of the audiL w¢ have Dot identified ￿￿1¢rIal Tniutslements in the Rew)rt of the TTuslee8. We have nothing lo report in rttpe¢t of th¢ following matters th¢r¢ the Cornpanies Act 2￿6 reqll1r￿ to T4)Ort to you if, in our opinion.. ats4ual¢ accounting r￿)rd$have noi been kw orrenrns ad¢quat¢ forour a￿lIt bavenotbeett reeeived frotnbranches not Vi8itcd by us. or the financial qt&tcments not in agreemenr with the accoutttittg [t￿r￿S arml returns. or certain disclo8ure8 of trustees, r¢munerntion specified by law are not made. or ' we have not rettived all the infornwtion and expjanau.ons we require for our audiL Reipon8lbllltles nf tnisteei As explained more fully in the Ttustcu, ResponsibililietD St#*wr*nt, the trnstees (who are also the direclors ot. Ibe charitable company fnr the purposes of company law) are rcsEK>Thsible for the pttpamion of thc fin￿¢la1 statements and for being satisficd that they give a true and fair view. aTxI for such lTrtern￿ control as ihc tr￿SIC&S det¢rniine is necessary Ks ¢nabl¢ the preparntion of finAn¢ial $tstemeTrts that are fTe¢ from nthterial misstAtemen4 whether du¢ to fra￿1 or error. In preparin8 the financia] Sts*ments, the tnLStrcs are reswjnsible forassessing th¢ charitsblc ￿MpanIS ability to CA)ntioue a5 R goin¥ concern. disclosing. as 4)plicablc. matters related to going conc¢rn wing the goin8 concem b#5is of ounting unles4 the truitees either iniend io liquidate the charitsble company or lo opcratsons, or knave no realigtic alternative but to do llo. Our responjlbllldei for the audlt of the fln4nd*l ststements We have been appointed as audilor under section 144 of the Charities Act 2011 and report in accnrdance with r¢gu14¢ion5 made under section 154 of that Act. Ourobje¢tives are to obtain rewnable assrnce alx)ut whetl*r thc financial stat¢mertls as awlK)le arL. frce from mat¢rial misstatement, whether due ￿ frwd OT error, and ro issu¢ an auditovs repon thot includcs our opinion. Rwonable assuranLC is a high level of &ssurdncc. but is not a 8uaranr¢e that an audit co￿1u¢t¢d in accordance wth ISA$ (UK) will. always detect a material missla￿￿￿nI when it exists. Missts*mcnLS can arise from fraud or érror and are ¢ODsidered material it., individually or in thc aggrega￿. they Could reas<)nably be expttt¢d to In1h￿fiCe ￿ econorni¢ decisions of sers tak¢A on the basis of th¢8¢ finpncial statem¢nt& We obtained an undet$t#ndinB of the le8al and rEgulatory framewrk8 applithle w t]￿ chtirilable eompany and the scctor in which it operates. We obtaincd an understanding of how the cbatitable company is eomplying with tlK)sc Icgal 8nd regulatory frameworkB by making tnquires to mana¥emeDL We corroboratsd th￿e enqtiitts throug14 whcrc appli¢thl< our revicw ol trustees, minutes. Wc &I￿Ssed thc su5CePtli Jility of the clJari&ble compatsys financia] sta*mettts ts material mi551at¢men￿ includift8 how fraud might occur. Audit procedure5 p¢rfornied by the engage[t￿lt team included.. - identifying and a￿eSSIng the desi8n cfft£iiveness of eontrojs nwement has io place to prCv￿t and detect frau4. - understanding bow those charged wlth 8ov¢rnance consid¢red and thssed the potetllial for override of control or other inappropriate influ¢r￿C￿ ov¢r the fitmncial ¢¢￿rt￿R pro¢e5S,' - challenging assumptiODS and judgeT￿ll￿ mth by Ihe rnanagemeni in its Signifi￿nI acc(>unting estimates: - Ide￿ti￿.ng and testin8 journal entries, in particular atty unusual journal etttrics: a￿j - &8SC55iJJg the extettl of compli8n¢¢ with televattt law5 and regulations. We did Thot identify aDy key audit matlers rclatitig to irregulariiie4 i￿1VdIng fra Pagc 7 Report of the Independent Audltors ¢0 the Mcmbers Of North IAbDdoD Adult Care IAd Becaus¢ of the inhcrcnt limitations of an a￿114 thue is a risk that we will not detrct all int8ularities, inch]ding th08e leading to a material misStateT[￿t in the financial slaternents or non-coJnplian¢e with regulatioll. Thi8 risk increases the moTe that Complian￿ with a law or rcBulation is retlloved from the events and transaction5 reflected in thc financial 8tatements, as wc will bc likely to becoll￿ awarc of inst2thccs of non-complia￿. The risk is also greater re￿rdIng irregularities occurring duc to fraud rather dwh ¢rroT. a& involves illtentional concealm￿( forgery. collu8ion. omission or misreprt%entation. A fiwtheT description of OUT Te8poTrsibilitie8 for the awjit of the financial staterncnts is kKated on the Financial Reporting Council's websile at www.frc.org.uklauditorsresponsibilities. Thi8 de9cription forn￿ partof ourReportof the Indepen(knt AudifOT8. Use of n￿r report Thi8 report is made solely to the charitsble companYs members, as a body, in accordance with Chaptrr 3 of Part 16 of the C¢)mpanies Act2CK)6. Our audit wurk becn Und¢￿en so that we might state to thc charitabl¢ conwy's members those matter8 we are required to to them in an auditOTS' T¢POrtond forno otlwpurpose. To the fUll￿t cxt¢n¢ pemiitted by law. we do not 8rxept or assume rc5￿)nSIbIlity to anyone other than the charit8bl¢ ¢(Jmpany and the t￿ri￿ble oMpan￿5 membets ag a body, for our audii worK for this Tcporl or for the opiniotLS we hav¢ fornKd. Alan Kaye (SeDior Staiutory Auditor) for and on behaifof BBK Partnership Chartered AccouThtantS & sta￿tOry Auditors l Beauchamp Court 10 Vietor8 Way Barn¢t H¢rtfordJhire EN5 5TZ Dat¢: ... Page 8 North I￿ndOn Ad•lt Care Statement Aetfvitie5 for the Year Ended 31 March 2011 31.3.23 Total fiJnd8 31.3.22 Total uttrestr1ct￿l Restricted Nol¢8 INCOME AND ÉNDOWMEM FROM Charitable aetiiltlej Home Care Services 720J16 720,316 798,203 Investment In￿ME Total 742031 742031 847961 KXPENDITURE ON Charithble actI￿tIeS Home Carc Scrvic&4 NET INcOME1￿xPKNDTTuRE (86.066) (86.066) 51.239 RECONCILIATION OF FUNDS Totsl funds broughi forward lJ31.686 1.531.686 1.480,447 . TOTAL FUNDS CARRIED FORWARD 1445 620 1531686 The t￿t¢S fonn part of these financial statements Pw9 North Adult Care Lxd Statsmetst of FiM¥Jntlal Poiition 31 MAr¢h 2023 31.3.23 Totsl 31.3.22 Total 'ReStrict￿l Note4 FIXED ASSETS Tangible ￿ets 12 707,053 707,053 725.921 ctrRRENf A&SETS Deb￿rS Cash at bAttk 8nd in haDd 13 13,845 689.494 73,845 118,3B8 743,478 763J39 763.339 B61,866 CREDITORS Amounts falling thLC Within one year 14 (24,772) (24.772) (56,101) NET CURRENT A&SET& 738 567 738 567 805 765 TOTAL A&8ETS LLSS CURRENT LIABILITIES 1.445,620 1.445,620 1.531.086 ASSETS 1445 620 1531686 FUNDS Unrestricted futtds: G¢￿ra] fiind 15 1445 620 1531686 TOTAL FUNDS 1445 620 1531686 1- 12oL(f. The finaneial statements were approved by the BoaTd of TTU5tee4 and authoTised for i¥¥￿e on....... .. ................. . and were $igtted on its behBJf by. Mr R V T&ilor- TnJ3tE¢ Tr notes ft*rtnpart of these financial state1r￿lS Page 10 North IAbndon Adult Care IAd Staternent of Cash Flows lor the YtAr EDded 31 March 2011 31.3.23 31.3.22 Not&s c.ash flows from operating *ctivitles Cash gencrnted from 01￿10￿$ 75.699) 67.723) Net cash used in operating activitics 75.699 67.723 Cash flows from lllvtstltsg adlvltle8 Purchase of tangible fixed assets Int¢r¢s1 received (559) 49,758 Net cash provided by investing acliviiies 49.199 Ch&nge In cash ind e*sh eqUIv￿ettts l* the reportlng perlod Cash and c￿h equlvalentj at the beglnnlng of the reportlng perlod (53.984) (18.524) 743 478 C45h and c*sh equlvalents •t the end of tht reportlng perlod 689.494 743 478 Pag¢ 11 North I*Jndon Adult Care Ltd Notes to the StaiemeDt of Cash FIoTV5 for tbe Year Ended 31 March 2023 RECONCILIATION OF NET (EXPENDrruREyINCOME TO NET CASH Ftnw FROM OPERATING ACTIvI￿s 31.3.23 31.3.22 Net (expenditllr£)fineomf for the reporting wlod (*s per the Stslenynt of FSn*lleial A¢tlvldu) Adjustments for: Deprccialion tharges Intcrest received IkcreaseJ(incrtase) io debtoys Dccrease in CredI￿rS (86,066) 51239 18,867 (21.715) 44,544 18,867 149.758) 129.541) Net cash uxd In operations 75.699 ANALYSIS OF CHANGES IN FUNDS At 114r22 Cash flow At 3113123 Net t￿h Cash at bank and in hatMI 743.478 6x9,494 743 478 689,494 Total 743 478 The notrs forni partof thcsc finattcial statem¢nts Pag¢ 12 Nortb ￿ndOll Adult Cwe IAd otrs to the Fin￿¢1￿1 StaterneDts for the Ye*r Ende"d 31 March 2023 ACCOULYfiNG POLICIES B*81s ofprepArlng the fln*mtlal $t#tements North London Adult Care is a priv&le company limited by guarantcc in Engknj. The a&Jress of the Tcgisthd office is detailed as part of the TqX>rt ￿ th¢ trnsttts of these financial 5tstemcnts. The nathre of thc cèwitVs operUi0Th8 and princi￿] activttie8 are the pyovision of suppnrt services principally of Asian origirn The charitycon8t2ttrtes a publicbettefitentily as dcfined by FRS 102. The financial 5tat¢m¢nts hav¢ been prepared in accordance with A￿OUntIng and Reporting by Clxaritics: Statement of Rttomm¢nd¢d Prnctice applicable to charities preparin¥ thcir accounts in accordaTKe with th¢ Finjncial Reporting Standard applic4bl¢ in the UK and Republic oftrehmd isswj in October 2019. the Financial Reporting Stsndard applicable in th¢ United Kingdom aDd Republic of Irell￿d (FRS 102), the Charitie5 Aci 2011. thc Companies Act 2006 and UK Generally Accepied A¢counting PrnctieG The firwi¢ial statements are prqwed on a going concern basis under thc historical cosl ￿nVentIon, n￿'fIed to includ¢ certain items at fair valu¢. The fina￿la1 st#ternents aTe prc8cnted in 8terlin8 whieh 1$ the fiuKtional currency of the charity and rouNkd to the nearest £1. The Sl8Dificanta￿Oyll1in￿ policies applied in thepreparation of thue financial slatements are setout below. The8¢ )licie$ have been consistently applied to all y¢ars presented unl￿4 othenvist stated. Sl8nlfi¢ant Judgementy A*d udwatei In the applicauon of the charitable company's accLiunting wli¢i¢s. the trusltts are required io makc judgementy, ¢stirnales and &¥sumptions abwi carying anM)un14)f the &8sets and liabilities thai Are noi rcadily ￿par¢nt from other sotsrc¢s. The estimates and associatrd assumpuots8 are based on historical experience and othcr factors that are considered to be relevanl. Acttlll results n>ay differ from th￿¢ L¥timaty9. The estimat¢s and uthlyin8 a&8umptions are reviewed on ongoing basis. Revisions ￿ a¢¢ounting eytimate8 arc recogtti￿d Èn the perifyj in which the estimates 1$ revised wherc the revision affects only that period. or in the period of the ttvision and ￿tyjre pcriiKIs whcr¢ the revision affects both cU￿¢￿t and fuwr¢ periods. Income All income is reco￿7*d in the Sts*meni of Finan¢ial Activities on¢e th¢ ¢harity has entitlement to the ￿nd￿, it is probable that the income will be recciv¢d aTMJ the arTh)unt b¢ ￿K￿ured Teliably. The followin8 specific polici&8 ttrc applied ro patti¢ular categories of incon￿. Income from donations or8rattts is rcco8nised whett thue 15 eviderKeof¢ntitl¢ment to the gill reccipi is probable and its amoun¢ can be meLwred Tcliahly. Le8acy incorne is reco8nised wh¢n re£eipt is probable and entitlement is estsblishe Income from donawl goods is m¢asured 8tthe fairvatueof the unlv&% this is impractical to measure reliably. in which case the value is derived from thc cost ￿ the donor or estimated r¢sale value. th)nated facilities and 8¢rvices are recO￿lSed in the acwunL4 ￿ert recctv￿ if the value can b¢ reliably ftneasurtd. No an￿unt& Ar¢ ittcluded for the contribution of gener41 voluntcers. JnconJ¢ from the contrnets for the supply of service8 is recognise41 with thc d¢liv¢ry of tbe COntra¢t¢d service. This is cL#ssifLed Ls unrestricted fimds utsless there is &contractha] requittmEnt for it to b¢ spent on a particular purpose and rettrn¢d if ullsw iti which cue it tnay be regard￿ 8s restricted. No is t￿luded in tbe fir1￿￿1&1 ststements for vohmteer time in litie with the SORP. Page 13 NDrth Imdon AdDIt Care Ltd Notes to Ibe Statements- eoDtiDued Cor the Year Ended 31 March 2023 AccouNfiNG POLIc￿s- tontillDed ExpeDditure Liabilities are recognised as exp¢nditure as SOOD ￿ thuc is a Itgal or constiwdive obligation committing the chdrity lo tbat expenditUT< it is probable that a transfer of economic benefits will be required in Settlement dnd the amount of the obligation Can be measured relithly. Expenditure is accounted for on an accn￿lS basis and has been classified u￿ler hcadings that aggregate all c05t related ￿ thc calcgory. Where costs CAllllOt be directly attributcd to particular headings they have bwi ailo¢3trd th activities on a b￿1¥ e4)n6is¢¢Dt with the u¥e of resources. Support costs all•eatloD Support cost8 are those that wis¢ the of the charity bth &> not dir¢dly ￿present cbarit4ble activities and includ¢ olf1￿ coqts, governance eosts, adminislr4tiv¢ payroll costs. They ar¢ directly in 6UPPOrt Lir exp¢nditur¢ on the objects of the clwity and inclwje project mawcrncnt carrieAI out ￿ Headq￿n¢T&. Where Supwrt ¢OSts ￿nOt bc directly allnbutrd to parts'cu]ar headings they bave been allocatcd to cost of raisin8 fund8 and eXper￿ltUre on charitable aciivities on • buis consistent with we of the restsurru. Fund-raising costs are thnqe iKurre41 in 5¢¢king voluntary contributionq and do Dot include the costs of disseminaling informatton in SUp￿rt of th¢ charitable activities. GovernAnce eosts Governan¢e ¢08ts includc those e0st•Ss￿la¢Cd with ￿￿￿7Th8 the eAin81itutional and stattrtory reqUI￿n￿ntS of the charity and include the a￿lIt fets and eosts linked to the straic8ic nial1a￿M¢n¢ of the charity. Allocatlnn and Apportlonment of $￿pport cosi are those fimetions that assist the w(Jrk of th¢ clwity bui do not dircctiy underiakc charitabl¢ tivities. Support C4)sis inelude back office costs, financci pcr8ond, payroll and 8ovcrnan¢¢ coxL%" which support the trnst8 progtammes and activities. These cosLq h&ve been allocated between C051 of Tai8ing funds and expenditure on charitable 4¢livities. Tanilble Ilxed issets rkpreciation is pmvtded atthc following ￿)nual rates in order to writc off each assetover Its￿tiMa￿d useful lifc. Short leasehold Long 1￿ChOld Fixtures and fittings 2% on cost l%on ￿5t . 20% on cost TAx*tlon The charity is an exempt charity within the meaning of schedulc 3 ofthe Charities Aci 2011 and is coLsid¢red to pasy thc t¢sLs set oiit in Pardgrdph I Schedul¢ 6 FiDancc Act 2010 and therefore it n*ets the definition of charitable compatty for UK corporation tsx puw. Fund accollntlng Unrestricted fimd$ can be us¢d in accordwv wlth the clwitable obJ'ethive8 at the div£rction of the trustees. Designated FuTth are fjmds set aside by the tntst¢¢8 ol unre8tric*d generni fund8 for specific tuture purposes or pmjccts. RGstricted fi￿d$ Gan onlybe wed for partKularrestrAeted within the objects of dLe cbarity. R¢striction5 arise wh¢n specified by thc donor or WIKD fuNl4 are raised for particul￿ r￿tricted pwposeg. Further cxpl8llation of thc nature and of each fillMI is Indud￿ ill the not¢s to the fjnancial statements. Page 14 North Adult Care Ltd Notts to the Staten￿￿ts- eontinued for the Year Ettdtd 31 Marth 2023 ACCOUNTING POLICILS- continued Hlre pllrcha$e attd leasing commltments R¢ntsl8 paid wider operating IcaY4 are charged kn the Sl&tenTht of Financial Activities on a straigtrlt line basis over the period of ￿ le48e. Penslokn Costs and other post•retiremtnt benefits The charitsble company operatrs a defmed contiibutiort penlion s£hcmc. Contribution5 payable to the cijaritable companYs penyion sch¢rn¢ ar¢ charged to the Statemeni of Financial A¢tivitiGs ill the pcriod to which thcy.rclato. Donated iervlees JDd fAdll¢ieJ Donated professional s¢rvic¢s and donat¢d f￿111￿e8 aTe re¢ognized as iwme wh¢n the ¢htrity ha$ control over the item. any conditions a580¢iat¢d with th¢ donated irem have been mel the rtreipt of economic benefii frDm the use by the chaTity of ¢hc itcm i.q probable and t￿t ecotK)mic b¢n¢fit (Jn be wKasured reliably. In accurdatYLL' with the Charities SORP (FRS 102), the general voluntccr ume of the Frienth is not recoRttized and rcf¢r to th¢ trustecs. em)ual report for more inforn￿tiOn about thciT contiibwion. On Tcc¢ipL donated professional stivites and donated facilities arc Tecognized on the basis of the value of th¢ gift ih¢ charity which is the alllount the charity would h&vc been willing to pay to obtairt $ervi¢e8 or facilities of equivalent economic benefit on the open rnarkeL a corregponding amrjunt is then Yeeognized in expethditure in the period of receipL Trade debto Lkb￿[S Tradc and other debws ar¢ re¢ogntz&I at the sett]ement amount due after any trad¢ discount offered. Prepayments are valued at the amount prepaid rtct (Jf hny trade dis¢ounts due. C*sh It b#nk And In hand Cash at bank and ¢ash in hand includes and 8hort *Tm knigbly li￿ investments with a Short mawTi¢y of thret nM)nths or less from the date of acqui5ilion or opening of the or simi1oF XC4)Ullt. Credltors Creditors are r¢¢ognized where the cljarity a present obligalion resulling from a past ¢vut that will probaiily result in the Iransfcr of funts to a third party aDd the amount duc to settle the obligalion can b¢ measwed or estimated reliably. Crojitors are nornjally re¢o8rtiz¢d at th¢ir settleTw¢ anb)unt after allowing for any trade diS￿int$ duc. Impalmen( A58¢ts not measured at fair value are Teviewed for any Indi￿110n the asset may be impaired at each bulance 8he£i date. If 5wh indic&tion exists, the re￿Verable amowit of the &8seL or the assti's cash gener￿ing uni( 18 estimated and comparcd ￿ the carryin8 amount. Where th¢ carrying atnount exceeds ils re¢overable amounl a impairnientloss is reCO￿lIzed in profitor lossunless the &wt is carried ata revalued amountwhLre the impaiment loss is & revaluation dccrease. Provtslons Provisions are r¢cognized whetj thc cbarity has an obligation at the balance sbcet da* as a result of a p&81 cveft IE is probable that aD Outflow of economic Trrtne"fits will bc rEquired in settle￿nI atml the amount can be reliably estimated Going ¢ODcern The fiE￿]cial statements have been Prepared on a going concern b￿1& as tbe ttwtees beb'cvc that no material un¢ertainti¢5 ¢xisI. The tnjstres have cottsidered th¢ kvel of fiJniL% hcld and the expected Icvel of income atLd expenditur¢ for 12 months frotll authorising thes¢ financial statements. The budgeted iticorne and expendItt￿e is sufficient with the level of reserves for tbe charity to be able io eontinue as a going CA)ttL%r Pw15 North Adult C*re ixd Notes to the Financia] Slatements- tODthlltd for the Year Ended 31 March 2023 INVESTMENT INCOME 31.3.23 31.3.22 Bank Interest Receivable Grant In(omc 766 20.949 51 49.707 21.715 49.758 INCOI¥IE FROM CHARITABLE ACTIVITILS 31.3.23 31.3.22 Activity HOWK CaTe S¢rviccs ' Home Care SeTviees 720316 798 203 CHARITABLE AcfiviTtES COSTS ' Support costs {s note 5) Direct TO￿1$ Home Care Services 808.182 828,097 SUPPORT COSTS Other Totals Home Car¢ Setvices NET INCOMFJfEXPENDITURE) Nct income/(expenditiwe) is after clw8in81{¢r¢diting).' 31.3.23 31.3.22 Dq)r¢ciation- owled Other operdiing leases 18.8611 18,867 4,293 AUDITORS, REMUNERATtON 31.3.23 31.3.22 Fces payable th the charity's audithfs gnd tsr &&wciares for the a￿111 of charityls financial stxt¢m¢nts 6,0(XJ Pag¢ 16 Y4orth London Adult C*re Ltd Nolu to the Thnandal St*teiDeDts- conliDued for the Ye4r End¢d 31 March 2023 TRUSTEES, REMUNERATION AND BENEFrrs TI￿t weTe no trusttts, Temu￿Oll or other benefits for the year ended 31 Marcb 2023 ￿r for the year ended 31 Ma￿h 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salarie8 Social 5ecuriry costs Other pettsion costs 676.186 28,533 747.202 40,413 716.008 799 326 The avernge head ¢owit of employees durin8 the )rar was 73 {2022:90} The average monthly mJmt*r of employ¢¢s duTin8 th¢ yw was &q follows". 31.3.23 31.3.22 Number of Administrative Stsff Number of Homecsre Stsff 79 73 90 No employeu received emoluthents ID excess of £60,(U). io. COMPARATIVLS FOR THE STATEMENT OF FTNANCIAL ACTIVMES Unrtstrieted Restricted fvnds Totai INCOME AND ENDOWMENTS FROM Charlt#ble #¢tfvitl Home Care Servi¢ 798303 798.203 Investment income Tothl 847 961 KXPENDITURE ON ChArltablc *¢tlvltles Home Car¢ S¢rvices 796 722 NET INCOME 51239 51239 RECONCILIATION OF FUNDS Total fund4 brought forward 1.480.447 1.480.447 TOTAL FUNDS CARRIED FORWARD 31.686 1531686 Pag¢ 17 North ￿ndOn Adult Care Ltd Notes to the Flnanclal S¢atemerits- CODllllued Cor the YeAT Ended JI Mar¢h 2023 PENSIONS AND OTHER POST-RETIREMEKf BENEFITS The charity operates a defined contrib￿10￿ petigion plsn for its employe￿ The anwuot Txogniscd as an expense in the period was £1 1289 {2022 - £11.711). The defincd contribution liability is alIL￿*d to uDrcstricte44 12. TANGIBLE FIXED ASSETS Fixtur¢s Sho leaxho IAJn8 le&thld fittings Totals At l April 2022 and 31 Marth 2023 822 671 DEPRF.CIATION At l April 2022 Char8è for year 20,411 25,250 51.089 8.681 96,750 Al 31 March 2023 59.770 115618 NET BOOK VALUE At 31 March 2023 231295 1.058 707.053 At 31 March 2022 236.432 479 750 725,921 13. DEBTORS: AMOUNTS FALLING DUE wrrFtIN ONE YEAR 31.3.23 31.3.22 Trade debtors Prepayments 69.758 114,730 118388. 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Social 8ecurity ottd othcr tsx¢ Net Wages Pcn8ion Fund Accrued expenses 9,856 5,364 2,565 18,175 18,166 3,828 Page 18 ￿n￿on Adull Care Ltd Notes to th¢ FIDancial Statements - continued for the Yur EDded 31 M8T¢h 2023 15. MOVEMENT IN FUNDS Net At 3113123 At 114n2 in fi]nd8 Unrestric¢ed hnds GeneTal fund 1.531.686 (86.066) 1.445,620 TOTAL FUNDS 1531686 1445 620 Net movement in funds. included in the abovc 8T¢ as follo￿. tttcominB Resources Movement 'in ￿ndS Unreltrleted IDndJ General fund 742.031 (828.097) (86.066) TOTAL FUNDS 742031 828,097) 86,￿6) C￿Mp￿ratIv￿ for movtmcnt ID fun Net n￿Verne111 in fjjnds At 3113122 At 114ni Unre$trScted fundi G¢n¢ro1 fvnd 1,480,447 51,239 1531.686 TOTAL FUNDS 1531686 ComparLtiv¢ nec mOveD￿t in fun¢ts, in the abtive are as follows.. Incomin8 Rwurces expellded Movement in funds Unratrlcted fvDds Gcncra] fund 847.961 (796,722) 51,239 TOTAL FUNDS 847,961 1796.722) 51,239 Pw19 North IA)Ddon Adult C•re Lld Notes to the Financial S(*temeDts- eonlinved for the Year Ended 31 Mareh 2023 I& RELATED PARTY DISCLOSURES London BoTough of FJtfi¢ld provides the maiorityoffiwding ￿ ènable th¢ clharity ￿ cally its cbaTit&bleobjectives. 17. .stTJ SEQUENL T EvE￿s During the p¢riod ended 31 March 2023. the tntstcr8 fouNI aD i￿nSisten¢Y amountittg th £13.350.46 which related to th¢ previow periods reportable income ofFlome Cwe Services. The difference was crcated due to noti- congruent timing difference betwcen the aeeounting and th¢ r4￿rtIng software. LLstead of restatlng the previous period's comparative, the trustre8' in concert have agreed to reduce the curmi ￿lod incoming fimds by th¢ same all￿unL Pag¢ 20 North Londots Adwlt Care L4d Detaikd Stat¢DKnt of Flnanclal Activities for the Yew Ended 31 Mgrcb 21123 31.3.23 31.3.22 INCOME AND ENDOIVMENTS Investment Ineomt Bank Interest Receivabk Grant Incorn 766, 20.949 51 21,715 49.758 Ch*ritable actlvltks ' Horne Care Servic¢8 798,203 Total Ineomln8'r¢sour¢e5 742.031 ¥47.961 EXPENDTTURE Charltsble 8etfvldes Wag&¥ Social $ccurity Pcnsion8 Hire of cquipment Rates and water Insurnnce Light at￿ He4t Telephone Postage and stationery Repair & Maint¢n4n¢e Motor & Travel Refreshtncnts Bad Debt Computer Accegsorics Advertisin8 Rccruilment Expenses Doub￿1 debts Short leasehold iL*ng leasehold Fixtures and fitting8 Training ￿st 676,186 28.533 11,289 747,202 40.413 11,711 4,293 117 6,738 5,133 4,294 2,757 4.779 1.167 796 6.865 614 573 934 (75,093) 5,137 5,050 8,680 396 168 7.652 3.S09 4.675 2.809 5.010 2.451 1.182 40.253 450 .032 2.419 (5J701 5,137 5,050 8.680 1.867 808.182 783,556 Support C0511 Other Professio1￿1 fce5 13,315 7.166 GovernADce costs Audltors remuileration 6.600 This page does form part of the statutory fllJan¢ial statements Page21 Nortb l•ndon Adult Care Ild Detsiled St#lememt of FinaDeial Aclivilie for the Year Ended 31 Marth 2023 31.3.23 31.3.22 Total re8ourc¢s cxpcnded 828,097 796 722 Net (expendjlureylneome This ph8¢ th)cs not form part of the statutory fiDan¢ial statements Page 22 REGISTERED COMPANY NLThIBER: 115154613 IEngl%nd abd W4le3) REGISTERED CHARITY NUMBEK. 1115319 Re￿rt of the Tr•stees and Flllancl￿ Statements for the Year Ended 31 hlarch 2023 North L4)ndon Aduli CAre l.td (A Company IAmlted by Guarantee) BBK ParnKrship Chartered Accollntattts & Ststutory Audito l Bea￿ba￿ Court 10 Victors Way Barnet EN5 51'Z North tA)ndoD Adlltt Care IAd Collt¢bts ofthe StAtements for the Yew Ended 31 M*rch 2023 P*8e ReporLof the Trnstett {IneoryoraO*g i¢r*tegk And directors reports) I to 5 Report of the Independent Audlt•rs 6 ￿ 11 St•tement ofFkn*ncl*l Actfvltle4 Stakmen¢ of FlTrane5al Pmltifjn 10 Statement Df CA8h Flovi Notes tn the Ststen*n¢ ofcuh FIOWA 12 Nolu to the Fln#nelAI Statements 13 to 20 Detalled St*Qement of FIffj*thd￿ Actmtl 21 to 22 North ￿nd￿ll Adult Care Ltd IR*teTed 05154613) Report of tbe Tn￿tee5 Oneorpora(ing strategic dlrecthTS reports) for the Ye*r Ended 31 Msirch 2023 Thc Trll8te￿ present their report and the wditcd financial ststcmcnts of thc charity for the year ended 31 March 2023. The truste08 have adopted theprovi8ioAs ofthe Statement of Recommuth Practicc (SORP)'Accoullting Rewrtin8 by Charitics. in preparing the annual rqM)rt #nd finaDcial slatemertts of the charity. The financial $tstements have becn prepare41 in 8K¢Ord￿ with thc aC￿U￿ting policies set Olll in noteB to the ￿￿ounts and comply with the ch&ity8 8overnittg thicvmen¢ the ChaTities Ad 2011 and Accounting and Reporting by ChaTilies.' Statem¢nl of Recommendcd PTACtice opplicable ￿ chan"li&s preparing accounts in accordance ￿ the Financial Rcporting Stathdard applicable in the UK and Republic of Ire1w￿ publis}￿ in (ktob¢r 2019. OWECTIVES AND ACr￿￿iFs Our Vlsion Our vi8ion is of a communicy wher¢ people le*J safe and Inde￿￿1 lif¢. Our Mlsslon Our mi￿10￿ is to a$ses8 needs andpmvide peT8onrycentred care to vuln¢r4bl¢ adults in a community vthile promotin8 their safety and active participation ro achicvc poqitive oUt￿mes. Our Valves We Ckre- We care about people and At4nd up for what 1$ ri￿[ We Respe¢t- We are open and honc&t aNI value people for who thcy at¢. W¢ L£am- We listen, we work togcther and we continue to impmvc. We t observe the metho(b and principles in the CbaTity SORF. make judgeTnents and ¢8timatss that are reasonable and ptudeal 818t¢ whether applicable aecoullting standards have beu) followul. thjbj￿t to any tithial dcpaTthB di&¢loseA aDd C￿plained in the fLnanci&l ststemcll prepare th¢ financial st&trM￿ts on the going ¢oncem basis wd¢58 it is itiappropriate to'pre4ume tb8t the charitable company will continue in bu5ine68. The (rustees are respoD8ible fot keeping proper ateottnting rec￿1& wbicb discloic with reasoDable accuracy at any tim¢ the fmancial position of the charitable CA)mpAny aDd to enable them to CDBurc that the finaDcial stfttements wmply with Ihe CompaDlt$ Act 2(M)6. They arc rewin8ible for safeguardkng thc assets of the cbaritable QlDJpany and hence for fakj'ng reasonable steps for th¢ praventioll and detection of fraud and othtt ittegulariti¢s. In 80 far as the tn]stees are awarc: - there is oo relevant iudit infOrn￿tIOn of which the clwritabk companY8 auditorn are UDaware,' arml - the trustees have tsken all $t¢ps that they ought w h4v¢ lak¢D to maketheDwlves aware of any releVant&￿ttInforn￿tI0O and to establish that th¢ 4uditOfS 4Te aware of that iDfonna¢io STATEMEh'T AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the tnJsteLs are avrare, tbcre is no relevatlt iofornution defined by Seetson 418 of the Companics Act 2006) of which tbe cbaritsbk w]roan￿8 audithrs are MDaware, and each tsiL8tee has tthrA all the 8teps thai they ought to have laken 39 a ¢n￿tte ID order to nyake them avAre of any audit irrforniation and to est￿￿.8￿ that the cb&rithblc company's auditors are aware of that iuformatiorL AUDITORS The auditors, BBKPartner8hip> offer themselv￿ for appointment in a¢¢Ord￿ with 8ediob 485 of th¢ Companies Act Report of the tn￿t rporating a strate8ie.rLwr4 8pproved by order of thc board of tr￿t￿.. ¥s the company #od sigr¢d ots th¢ bo8rd'8 behalf by. .Mr R V Tailor - TnLgtec Page 5 Report of the IndeptDd¢nl AudItn￿ to the Members of North Adylt Care Ltd Opinlon W¢ have auditrd thc fina￿la1 statements of North tKJndots Adult Care (the'charithbl¢ compan￿) for the year eTHI 31 March 2023 which compr.ise the Ststement of Fit)avcial Activities. the Statement of Financial Position. the Statement of Cash Flows and7M)tcs to the fit)an¢ial statem¢Dts, in¢ludtng a 5unJmary ofsibmificant ￿unting F￿liCieS. Th< r]nancial reporting fratnework that has been applied in theiT preparatson is 8ppltcable law aTMI United Kingdom Accoulltin8 Standards (uti1t￿ Kingdom Generally Accepted Accounting Practic£), includin8 Financial Reporting Sta]thJd 102'The Financial Reporfitsg Stsndard applicabl¢ in the UK and Rq)ubli¢ of Ireland.. tn our opinion the fin￿cial stst¢m¢uts'. give a (Tue and fair Yiew of th¢ state of the chfftrithble COMpan￿S affairs as at 31 March 2023 and of its illeOmiDg resources and application of re￿UrCe￿ incbjling its ineome And expendittwe, for thc year then cnded,. ave been properly prepared in a¢cordance with Unitrd Kingdom Generally Accepted Accounting Pwtic£. including FAllaThcial Repuning StandaTd 102 Tr Fitwicial Ryrting Stsndard applicablc in the UK and Republic of Ir¢lwHI': have been prepared in aeeordwe with the re4wiments of.the CompAni¢s A¢1 21KI6. B*sli for oplnlon We conducted our audit in accord&rtee with International stand￿ll￿ on Auditing (UK) USA$ IUK)) and applic4ble law. Our resrM)ttsibilities Wmler those t*tandards are fjjrther descril￿d in the Audi￿[$, reswnsibilitiQ4 for the audit of th¢ financial it4tements seciion of (Jur r¢port. We are independcnt of the charitable Company in accordance the ethical r¢quirements Lhat ￿ r¢l¢vant to our a￿11 of thc financial statements in the UK. including the FRC'5 Ethical Standard. and we have fijlfillcd our other ethical responsibilili¢x in acCOrda￿t with these rwuirements. We belicve that the audit evidence we havL oblained is suffici¢rtl aTKI 4ppmpriate w wjvid¢ a bjsis for our opinion. Coneltsslon$ relatlng to ioln¥ coThcern In auditing the financial statements, we bav¢ concluded that th¢ trus**S' use of the 80in8 eoncern basis of acc4m￿tin¥ in th¢ preparation of the fEnanci81 statements is app[L)pri￿¢. BLqed on the work w¢ h4vc perfortml, we have not identified any material u[￿ert￿ntIc% relating ty events or conditions that, individually or collcctiv¢ly, may cast significani doubt on the charitable Compan￿1￿ ability to conunue as a goin8 c(inccrn for a period of ai least Iwrlve months from WI￿￿ the ritw￿La] ststements aTe authoriscd for i88ue. Our rexponsibilities and the respoTh%ibilities of the trustees with rw¢¢t to gOill8 CL)ncern are dcscribed in the relevant 8e¢tion8 of this report. Emph*sts of mAtttr We dr&w att¢Dtion to Note 17 of the financial stalemcnts. vthich descrilxs the tyustc¢% corrective action on prior year adju8tmenL8. Our opinion is not modified in respeci of this matter. Other Inform*tlon The tnL8tees are r&sponBible for thc other infom)atiots. Thc other information oomprise8 the inf0m￿tion included in the Annual ReporL other than the financial Statements aDd our Report of tndep¢ndent Auditors th¢r¢o Our opinion on the fitwici41 statements d(bC5 T￿t ¢￿Verthe othcr infOrn￿tiON except to the extetttothmvise explicitly slated in ow report. we do not ¢xpress any forni of assur￿ conclusion tlweo In ¢onrtection with our audit of the finaDcial qtstementg, our reswnqibility 15 to read tl* other infornNatioD alld in doin SO. COll5ider whether tbe othcr inf0m￿tIOn is mkniaily irwnsislent with the flljancial statemcnts or our kllowlcdg¢ obtained in the audit or otherwise appears Iij be materially rni&statrd. If wc identify such material inconsiskncies or apparent matcrial misStatern¢n￿ we ar¢ requircd to det¢Tmine whcther th]s give5 rise (o a mat¢Tial mI￿￿tEM¢nI in tbe finat)ci&l statements themsclves. IC b#5ed on the work we have ￿rforn￿J, we concl￿￿ that there is a ￿￿t(rial misststettKnt of tbis other infornutioffj we are r4illre41 to report thfftt r￿l We have Dothillg to report ffn this rewd. Report of the Independent Audltors to the Members of Nortb Ltythdon Adult C4re Ltd Opiniony on other rnitttrs preseribed by the Comptiies Act 2(M)6 In our opinion, btscd on th2 WOt* undertaken in tht course of tbe audiL' the inforni￿lan givenin the RepTrrt of thc Tn￿ for the fill￿ClaI ye8J for wbich the financial Stalen￿nts Arcprepared 18 consistent with thc fina￿]01 siateNKnis,' and th¢ Repon of the Trustccs h85 been prepared ith accordanct with applicable Iwi rb4uiremen Matters o* whlch we are required t• report by exceptlon In the light of thc kTK)wledge and urxler51andin¥ of the charitsblc compaDy and its environment obtained in the course of the audiL w¢ have Dot identified ￿￿1¢rIal Tniutslements in the Rew)rt of the TTuslee8. We have nothing lo report in rttpe¢t of th¢ following matters th¢r¢ the Cornpanies Act 2￿6 reqll1r￿ to T4)Ort to you if, in our opinion.. ats4ual¢ accounting r￿)rd$have noi been kw orrenrns ad¢quat¢ forour a￿lIt bavenotbeett reeeived frotnbranches not Vi8itcd by us. or the financial qt&tcments not in agreemenr with the accoutttittg [t￿r￿S arml returns. or certain disclo8ure8 of trustees, r¢munerntion specified by law are not made. or ' we have not rettived all the infornwtion and expjanau.ons we require for our audiL Reipon8lbllltles nf tnisteei As explained more fully in the Ttustcu, ResponsibililietD St#*wr*nt, the trnstees (who are also the direclors ot. Ibe charitable company fnr the purposes of company law) are rcsEK>Thsible for the pttpamion of thc fin￿¢la1 statements and for being satisficd that they give a true and fair view. aTxI for such lTrtern￿ control as ihc tr￿SIC&S det¢rniine is necessary Ks ¢nabl¢ the preparntion of finAn¢ial $tstemeTrts that are fTe¢ from nthterial misstAtemen4 whether du¢ to fra￿1 or error. In preparin8 the financia] Sts*ments, the tnLStrcs are reswjnsible forassessing th¢ charitsblc ￿MpanIS ability to CA)ntioue a5 R goin¥ concern. disclosing. as 4)plicablc. matters related to going conc¢rn wing the goin8 concem b#5is of ounting unles4 the truitees either iniend io liquidate the charitsble company or lo opcratsons, or knave no realigtic alternative but to do llo. Our responjlbllldei for the audlt of the fln4nd*l ststements We have been appointed as audilor under section 144 of the Charities Act 2011 and report in accnrdance with r¢gu14¢ion5 made under section 154 of that Act. Ourobje¢tives are to obtain rewnable assrnce alx)ut whetl*r thc financial stat¢mertls as awlK)le arL. frce from mat¢rial misstatement, whether due ￿ frwd OT error, and ro issu¢ an auditovs repon thot includcs our opinion. Rwonable assuranLC is a high level of &ssurdncc. but is not a 8uaranr¢e that an audit co￿1u¢t¢d in accordance wth ISA$ (UK) will. always detect a material missla￿￿￿nI when it exists. Missts*mcnLS can arise from fraud or érror and are ¢ODsidered material it., individually or in thc aggrega￿. they Could reas<)nably be expttt¢d to In1h￿fiCe ￿ econorni¢ decisions of sers tak¢A on the basis of th¢8¢ finpncial statem¢nt& We obtained an undet$t#ndinB of the le8al and rEgulatory framewrk8 applithle w t]￿ chtirilable eompany and the scctor in which it operates. We obtaincd an understanding of how the cbatitable company is eomplying with tlK)sc Icgal 8nd regulatory frameworkB by making tnquires to mana¥emeDL We corroboratsd th￿e enqtiitts throug14 whcrc appli¢thl< our revicw ol trustees, minutes. Wc &I￿Ssed thc su5CePtli Jility of the clJari&ble compatsys financia] sta*mettts ts material mi551at¢men￿ includift8 how fraud might occur. Audit procedure5 p¢rfornied by the engage[t￿lt team included.. - identifying and a￿eSSIng the desi8n cfft£iiveness of eontrojs nwement has io place to prCv￿t and detect frau4. - understanding bow those charged wlth 8ov¢rnance consid¢red and thssed the potetllial for override of control or other inappropriate influ¢r￿C￿ ov¢r the fitmncial ¢¢￿rt￿R pro¢e5S,' - challenging assumptiODS and judgeT￿ll￿ mth by Ihe rnanagemeni in its Signifi￿nI acc(>unting estimates: - Ide￿ti￿.ng and testin8 journal entries, in particular atty unusual journal etttrics: a￿j - &8SC55iJJg the extettl of compli8n¢¢ with televattt law5 and regulations. We did Thot identify aDy key audit matlers rclatitig to irregulariiie4 i￿1VdIng fra Pagc 7 Report of the Independent Audltors ¢0 the Mcmbers Of North IAbDdoD Adult Care IAd Becaus¢ of the inhcrcnt limitations of an a￿114 thue is a risk that we will not detrct all int8ularities, inch]ding th08e leading to a material misStateT[￿t in the financial slaternents or non-coJnplian¢e with regulatioll. Thi8 risk increases the moTe that Complian￿ with a law or rcBulation is retlloved from the events and transaction5 reflected in thc financial 8tatements, as wc will bc likely to becoll￿ awarc of inst2thccs of non-complia￿. The risk is also greater re￿rdIng irregularities occurring duc to fraud rather dwh ¢rroT. a& involves illtentional concealm￿( forgery. collu8ion. omission or misreprt%entation. A fiwtheT description of OUT Te8poTrsibilitie8 for the awjit of the financial staterncnts is kKated on the Financial Reporting Council's websile at www.frc.org.uklauditorsresponsibilities. Thi8 de9cription forn￿ partof ourReportof the Indepen(knt AudifOT8. Use of n￿r report Thi8 report is made solely to the charitsble companYs members, as a body, in accordance with Chaptrr 3 of Part 16 of the C¢)mpanies Act2CK)6. Our audit wurk becn Und¢￿en so that we might state to thc charitabl¢ conwy's members those matter8 we are required to to them in an auditOTS' T¢POrtond forno otlwpurpose. To the fUll￿t cxt¢n¢ pemiitted by law. we do not 8rxept or assume rc5￿)nSIbIlity to anyone other than the charit8bl¢ ¢(Jmpany and the t￿ri￿ble oMpan￿5 membets ag a body, for our audii worK for this Tcporl or for the opiniotLS we hav¢ fornKd. Alan Kaye (SeDior Staiutory Auditor) for and on behaifof BBK Partnership Chartered AccouThtantS & sta￿tOry Auditors l Beauchamp Court 10 Vietor8 Way Barn¢t H¢rtfordJhire EN5 5TZ Dat¢: ... Page 8 North I￿ndOn Ad•lt Care Statement Aetfvitie5 for the Year Ended 31 March 2011 31.3.23 Total fiJnd8 31.3.22 Total uttrestr1ct￿l Restricted Nol¢8 INCOME AND ÉNDOWMEM FROM Charitable aetiiltlej Home Care Services 720J16 720,316 798,203 Investment In￿ME Total 742031 742031 847961 KXPENDITURE ON Charithble actI￿tIeS Home Carc Scrvic&4 NET INcOME1￿xPKNDTTuRE (86.066) (86.066) 51.239 RECONCILIATION OF FUNDS Totsl funds broughi forward lJ31.686 1.531.686 1.480,447 . TOTAL FUNDS CARRIED FORWARD 1445 620 1531686 The t￿t¢S fonn part of these financial statements Pw9 North Adult Care Lxd Statsmetst of FiM¥Jntlal Poiition 31 MAr¢h 2023 31.3.23 Totsl 31.3.22 Total 'ReStrict￿l Note4 FIXED ASSETS Tangible ￿ets 12 707,053 707,053 725.921 ctrRRENf A&SETS Deb￿rS Cash at bAttk 8nd in haDd 13 13,845 689.494 73,845 118,3B8 743,478 763J39 763.339 B61,866 CREDITORS Amounts falling thLC Within one year 14 (24,772) (24.772) (56,101) NET CURRENT A&SET& 738 567 738 567 805 765 TOTAL A&8ETS LLSS CURRENT LIABILITIES 1.445,620 1.445,620 1.531.086 ASSETS 1445 620 1531686 FUNDS Unrestricted futtds: G¢￿ra] fiind 15 1445 620 1531686 TOTAL FUNDS 1445 620 1531686 1- 12oL(f. The finaneial statements were approved by the BoaTd of TTU5tee4 and authoTised for i¥¥￿e on....... .. ................. . and were $igtted on its behBJf by. Mr R V T&ilor- TnJ3tE¢ Tr notes ft*rtnpart of these financial state1r￿lS Page 10 North IAbndon Adult Care IAd Staternent of Cash Flows lor the YtAr EDded 31 March 2011 31.3.23 31.3.22 Not&s c.ash flows from operating *ctivitles Cash gencrnted from 01￿10￿$ 75.699) 67.723) Net cash used in operating activitics 75.699 67.723 Cash flows from lllvtstltsg adlvltle8 Purchase of tangible fixed assets Int¢r¢s1 received (559) 49,758 Net cash provided by investing acliviiies 49.199 Ch&nge In cash ind e*sh eqUIv￿ettts l* the reportlng perlod Cash and c￿h equlvalentj at the beglnnlng of the reportlng perlod (53.984) (18.524) 743 478 C45h and c*sh equlvalents •t the end of tht reportlng perlod 689.494 743 478 Pag¢ 11 North I*Jndon Adult Care Ltd Notes to the StaiemeDt of Cash FIoTV5 for tbe Year Ended 31 March 2023 RECONCILIATION OF NET (EXPENDrruREyINCOME TO NET CASH Ftnw FROM OPERATING ACTIvI￿s 31.3.23 31.3.22 Net (expenditllr£)fineomf for the reporting wlod (*s per the Stslenynt of FSn*lleial A¢tlvldu) Adjustments for: Deprccialion tharges Intcrest received IkcreaseJ(incrtase) io debtoys Dccrease in CredI￿rS (86,066) 51239 18,867 (21.715) 44,544 18,867 149.758) 129.541) Net cash uxd In operations 75.699 ANALYSIS OF CHANGES IN FUNDS At 114r22 Cash flow At 3113123 Net t￿h Cash at bank and in hatMI 743.478 6x9,494 743 478 689,494 Total 743 478 The notrs forni partof thcsc finattcial statem¢nts Pag¢ 12 Nortb ￿ndOll Adult Cwe IAd otrs to the Fin￿¢1￿1 StaterneDts for the Ye*r Ende"d 31 March 2023 ACCOULYfiNG POLICIES B*81s ofprepArlng the fln*mtlal $t#tements North London Adult Care is a priv&le company limited by guarantcc in Engknj. The a&Jress of the Tcgisthd office is detailed as part of the TqX>rt ￿ th¢ trnsttts of these financial 5tstemcnts. The nathre of thc cèwitVs operUi0Th8 and princi￿] activttie8 are the pyovision of suppnrt services principally of Asian origirn The charitycon8t2ttrtes a publicbettefitentily as dcfined by FRS 102. The financial 5tat¢m¢nts hav¢ been prepared in accordance with A￿OUntIng and Reporting by Clxaritics: Statement of Rttomm¢nd¢d Prnctice applicable to charities preparin¥ thcir accounts in accordaTKe with th¢ Finjncial Reporting Standard applic4bl¢ in the UK and Republic oftrehmd isswj in October 2019. the Financial Reporting Stsndard applicable in th¢ United Kingdom aDd Republic of Irell￿d (FRS 102), the Charitie5 Aci 2011. thc Companies Act 2006 and UK Generally Accepied A¢counting PrnctieG The firwi¢ial statements are prqwed on a going concern basis under thc historical cosl ￿nVentIon, n￿'fIed to includ¢ certain items at fair valu¢. The fina￿la1 st#ternents aTe prc8cnted in 8terlin8 whieh 1$ the fiuKtional currency of the charity and rouNkd to the nearest £1. The Sl8Dificanta￿Oyll1in￿ policies applied in thepreparation of thue financial slatements are setout below. The8¢ )licie$ have been consistently applied to all y¢ars presented unl￿4 othenvist stated. Sl8nlfi¢ant Judgementy A*d udwatei In the applicauon of the charitable company's accLiunting wli¢i¢s. the trusltts are required io makc judgementy, ¢stirnales and &¥sumptions abwi carying anM)un14)f the &8sets and liabilities thai Are noi rcadily ￿par¢nt from other sotsrc¢s. The estimates and associatrd assumpuots8 are based on historical experience and othcr factors that are considered to be relevanl. Acttlll results n>ay differ from th￿¢ L¥timaty9. The estimat¢s and uthlyin8 a&8umptions are reviewed on ongoing basis. Revisions ￿ a¢¢ounting eytimate8 arc recogtti￿d Èn the perifyj in which the estimates 1$ revised wherc the revision affects only that period. or in the period of the ttvision and ￿tyjre pcriiKIs whcr¢ the revision affects both cU￿¢￿t and fuwr¢ periods. Income All income is reco￿7*d in the Sts*meni of Finan¢ial Activities on¢e th¢ ¢harity has entitlement to the ￿nd￿, it is probable that the income will be recciv¢d aTMJ the arTh)unt b¢ ￿K￿ured Teliably. The followin8 specific polici&8 ttrc applied ro patti¢ular categories of incon￿. Income from donations or8rattts is rcco8nised whett thue 15 eviderKeof¢ntitl¢ment to the gill reccipi is probable and its amoun¢ can be meLwred Tcliahly. Le8acy incorne is reco8nised wh¢n re£eipt is probable and entitlement is estsblishe Income from donawl goods is m¢asured 8tthe fairvatueof the unlv&% this is impractical to measure reliably. in which case the value is derived from thc cost ￿ the donor or estimated r¢sale value. th)nated facilities and 8¢rvices are recO￿lSed in the acwunL4 ￿ert recctv￿ if the value can b¢ reliably ftneasurtd. No an￿unt& Ar¢ ittcluded for the contribution of gener41 voluntcers. JnconJ¢ from the contrnets for the supply of service8 is recognise41 with thc d¢liv¢ry of tbe COntra¢t¢d service. This is cL#ssifLed Ls unrestricted fimds utsless there is &contractha] requittmEnt for it to b¢ spent on a particular purpose and rettrn¢d if ullsw iti which cue it tnay be regard￿ 8s restricted. No is t￿luded in tbe fir1￿￿1&1 ststements for vohmteer time in litie with the SORP. Page 13 NDrth Imdon AdDIt Care Ltd Notes to Ibe Statements- eoDtiDued Cor the Year Ended 31 March 2023 AccouNfiNG POLIc￿s- tontillDed ExpeDditure Liabilities are recognised as exp¢nditure as SOOD ￿ thuc is a Itgal or constiwdive obligation committing the chdrity lo tbat expenditUT< it is probable that a transfer of economic benefits will be required in Settlement dnd the amount of the obligation Can be measured relithly. Expenditure is accounted for on an accn￿lS basis and has been classified u￿ler hcadings that aggregate all c05t related ￿ thc calcgory. Where costs CAllllOt be directly attributcd to particular headings they have bwi ailo¢3trd th activities on a b￿1¥ e4)n6is¢¢Dt with the u¥e of resources. Support costs all•eatloD Support cost8 are those that wis¢ the of the charity bth &> not dir¢dly ￿present cbarit4ble activities and includ¢ olf1￿ coqts, governance eosts, adminislr4tiv¢ payroll costs. They ar¢ directly in 6UPPOrt Lir exp¢nditur¢ on the objects of the clwity and inclwje project mawcrncnt carrieAI out ￿ Headq￿n¢T&. Where Supwrt ¢OSts ￿nOt bc directly allnbutrd to parts'cu]ar headings they bave been allocatcd to cost of raisin8 fund8 and eXper￿ltUre on charitable aciivities on • buis consistent with we of the restsurru. Fund-raising costs are thnqe iKurre41 in 5¢¢king voluntary contributionq and do Dot include the costs of disseminaling informatton in SUp￿rt of th¢ charitable activities. GovernAnce eosts Governan¢e ¢08ts includc those e0st•Ss￿la¢Cd with ￿￿￿7Th8 the eAin81itutional and stattrtory reqUI￿n￿ntS of the charity and include the a￿lIt fets and eosts linked to the straic8ic nial1a￿M¢n¢ of the charity. Allocatlnn and Apportlonment of $￿pport cosi are those fimetions that assist the w(Jrk of th¢ clwity bui do not dircctiy underiakc charitabl¢ tivities. Support C4)sis inelude back office costs, financci pcr8ond, payroll and 8ovcrnan¢¢ coxL%" which support the trnst8 progtammes and activities. These cosLq h&ve been allocated between C051 of Tai8ing funds and expenditure on charitable 4¢livities. Tanilble Ilxed issets rkpreciation is pmvtded atthc following ￿)nual rates in order to writc off each assetover Its￿tiMa￿d useful lifc. Short leasehold Long 1￿ChOld Fixtures and fittings 2% on cost l%on ￿5t . 20% on cost TAx*tlon The charity is an exempt charity within the meaning of schedulc 3 ofthe Charities Aci 2011 and is coLsid¢red to pasy thc t¢sLs set oiit in Pardgrdph I Schedul¢ 6 FiDancc Act 2010 and therefore it n*ets the definition of charitable compatty for UK corporation tsx puw. Fund accollntlng Unrestricted fimd$ can be us¢d in accordwv wlth the clwitable obJ'ethive8 at the div£rction of the trustees. Designated FuTth are fjmds set aside by the tntst¢¢8 ol unre8tric*d generni fund8 for specific tuture purposes or pmjccts. RGstricted fi￿d$ Gan onlybe wed for partKularrestrAeted within the objects of dLe cbarity. R¢striction5 arise wh¢n specified by thc donor or WIKD fuNl4 are raised for particul￿ r￿tricted pwposeg. Further cxpl8llation of thc nature and of each fillMI is Indud￿ ill the not¢s to the fjnancial statements. Page 14 North Adult Care Ltd Notts to the Staten￿￿ts- eontinued for the Year Ettdtd 31 Marth 2023 ACCOUNTING POLICILS- continued Hlre pllrcha$e attd leasing commltments R¢ntsl8 paid wider operating IcaY4 are charged kn the Sl&tenTht of Financial Activities on a straigtrlt line basis over the period of ￿ le48e. Penslokn Costs and other post•retiremtnt benefits The charitsble company operatrs a defmed contiibutiort penlion s£hcmc. Contribution5 payable to the cijaritable companYs penyion sch¢rn¢ ar¢ charged to the Statemeni of Financial A¢tivitiGs ill the pcriod to which thcy.rclato. Donated iervlees JDd fAdll¢ieJ Donated professional s¢rvic¢s and donat¢d f￿111￿e8 aTe re¢ognized as iwme wh¢n the ¢htrity ha$ control over the item. any conditions a580¢iat¢d with th¢ donated irem have been mel the rtreipt of economic benefii frDm the use by the chaTity of ¢hc itcm i.q probable and t￿t ecotK)mic b¢n¢fit (Jn be wKasured reliably. In accurdatYLL' with the Charities SORP (FRS 102), the general voluntccr ume of the Frienth is not recoRttized and rcf¢r to th¢ trustecs. em)ual report for more inforn￿tiOn about thciT contiibwion. On Tcc¢ipL donated professional stivites and donated facilities arc Tecognized on the basis of the value of th¢ gift ih¢ charity which is the alllount the charity would h&vc been willing to pay to obtairt $ervi¢e8 or facilities of equivalent economic benefit on the open rnarkeL a corregponding amrjunt is then Yeeognized in expethditure in the period of receipL Trade debto Lkb￿[S Tradc and other debws ar¢ re¢ogntz&I at the sett]ement amount due after any trad¢ discount offered. Prepayments are valued at the amount prepaid rtct (Jf hny trade dis¢ounts due. C*sh It b#nk And In hand Cash at bank and ¢ash in hand includes and 8hort *Tm knigbly li￿ investments with a Short mawTi¢y of thret nM)nths or less from the date of acqui5ilion or opening of the or simi1oF XC4)Ullt. Credltors Creditors are r¢¢ognized where the cljarity a present obligalion resulling from a past ¢vut that will probaiily result in the Iransfcr of funts to a third party aDd the amount duc to settle the obligalion can b¢ measwed or estimated reliably. Crojitors are nornjally re¢o8rtiz¢d at th¢ir settleTw¢ anb)unt after allowing for any trade diS￿int$ duc. Impalmen( A58¢ts not measured at fair value are Teviewed for any Indi￿110n the asset may be impaired at each bulance 8he£i date. If 5wh indic&tion exists, the re￿Verable amowit of the &8seL or the assti's cash gener￿ing uni( 18 estimated and comparcd ￿ the carryin8 amount. Where th¢ carrying atnount exceeds ils re¢overable amounl a impairnientloss is reCO￿lIzed in profitor lossunless the &wt is carried ata revalued amountwhLre the impaiment loss is & revaluation dccrease. Provtslons Provisions are r¢cognized whetj thc cbarity has an obligation at the balance sbcet da* as a result of a p&81 cveft IE is probable that aD Outflow of economic Trrtne"fits will bc rEquired in settle￿nI atml the amount can be reliably estimated Going ¢ODcern The fiE￿]cial statements have been Prepared on a going concern b￿1& as tbe ttwtees beb'cvc that no material un¢ertainti¢5 ¢xisI. The tnjstres have cottsidered th¢ kvel of fiJniL% hcld and the expected Icvel of income atLd expenditur¢ for 12 months frotll authorising thes¢ financial statements. The budgeted iticorne and expendItt￿e is sufficient with the level of reserves for tbe charity to be able io eontinue as a going CA)ttL%r Pw15 North Adult C*re ixd Notes to the Financia] Slatements- tODthlltd for the Year Ended 31 March 2023 INVESTMENT INCOME 31.3.23 31.3.22 Bank Interest Receivable Grant In(omc 766 20.949 51 49.707 21.715 49.758 INCOI¥IE FROM CHARITABLE ACTIVITILS 31.3.23 31.3.22 Activity HOWK CaTe S¢rviccs ' Home Care SeTviees 720316 798 203 CHARITABLE AcfiviTtES COSTS ' Support costs {s note 5) Direct TO￿1$ Home Care Services 808.182 828,097 SUPPORT COSTS Other Totals Home Car¢ Setvices NET INCOMFJfEXPENDITURE) Nct income/(expenditiwe) is after clw8in81{¢r¢diting).' 31.3.23 31.3.22 Dq)r¢ciation- owled Other operdiing leases 18.8611 18,867 4,293 AUDITORS, REMUNERATtON 31.3.23 31.3.22 Fces payable th the charity's audithfs gnd tsr &&wciares for the a￿111 of charityls financial stxt¢m¢nts 6,0(XJ Pag¢ 16 Y4orth London Adult C*re Ltd Nolu to the Thnandal St*teiDeDts- conliDued for the Ye4r End¢d 31 March 2023 TRUSTEES, REMUNERATION AND BENEFrrs TI￿t weTe no trusttts, Temu￿Oll or other benefits for the year ended 31 Marcb 2023 ￿r for the year ended 31 Ma￿h 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salarie8 Social 5ecuriry costs Other pettsion costs 676.186 28,533 747.202 40,413 716.008 799 326 The avernge head ¢owit of employees durin8 the )rar was 73 {2022:90} The average monthly mJmt*r of employ¢¢s duTin8 th¢ yw was &q follows". 31.3.23 31.3.22 Number of Administrative Stsff Number of Homecsre Stsff 79 73 90 No employeu received emoluthents ID excess of £60,(U). io. COMPARATIVLS FOR THE STATEMENT OF FTNANCIAL ACTIVMES Unrtstrieted Restricted fvnds Totai INCOME AND ENDOWMENTS FROM Charlt#ble #¢tfvitl Home Care Servi¢ 798303 798.203 Investment income Tothl 847 961 KXPENDITURE ON ChArltablc *¢tlvltles Home Car¢ S¢rvices 796 722 NET INCOME 51239 51239 RECONCILIATION OF FUNDS Total fund4 brought forward 1.480.447 1.480.447 TOTAL FUNDS CARRIED FORWARD 31.686 1531686 Pag¢ 17 North ￿ndOn Adult Care Ltd Notes to the Flnanclal S¢atemerits- CODllllued Cor the YeAT Ended JI Mar¢h 2023 PENSIONS AND OTHER POST-RETIREMEKf BENEFITS The charity operates a defined contrib￿10￿ petigion plsn for its employe￿ The anwuot Txogniscd as an expense in the period was £1 1289 {2022 - £11.711). The defincd contribution liability is alIL￿*d to uDrcstricte44 12. TANGIBLE FIXED ASSETS Fixtur¢s Sho leaxho IAJn8 le&thld fittings Totals At l April 2022 and 31 Marth 2023 822 671 DEPRF.CIATION At l April 2022 Char8è for year 20,411 25,250 51.089 8.681 96,750 Al 31 March 2023 59.770 115618 NET BOOK VALUE At 31 March 2023 231295 1.058 707.053 At 31 March 2022 236.432 479 750 725,921 13. DEBTORS: AMOUNTS FALLING DUE wrrFtIN ONE YEAR 31.3.23 31.3.22 Trade debtors Prepayments 69.758 114,730 118388. 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Social 8ecurity ottd othcr tsx¢ Net Wages Pcn8ion Fund Accrued expenses 9,856 5,364 2,565 18,175 18,166 3,828 Page 18 ￿n￿on Adull Care Ltd Notes to th¢ FIDancial Statements - continued for the Yur EDded 31 M8T¢h 2023 15. MOVEMENT IN FUNDS Net At 3113123 At 114n2 in fi]nd8 Unrestric¢ed hnds GeneTal fund 1.531.686 (86.066) 1.445,620 TOTAL FUNDS 1531686 1445 620 Net movement in funds. included in the abovc 8T¢ as follo￿. tttcominB Resources Movement 'in ￿ndS Unreltrleted IDndJ General fund 742.031 (828.097) (86.066) TOTAL FUNDS 742031 828,097) 86,￿6) C￿Mp￿ratIv￿ for movtmcnt ID fun Net n￿Verne111 in fjjnds At 3113122 At 114ni Unre$trScted fundi G¢n¢ro1 fvnd 1,480,447 51,239 1531.686 TOTAL FUNDS 1531686 ComparLtiv¢ nec mOveD￿t in fun¢ts, in the abtive are as follows.. Incomin8 Rwurces expellded Movement in funds Unratrlcted fvDds Gcncra] fund 847.961 (796,722) 51,239 TOTAL FUNDS 847,961 1796.722) 51,239 Pw19 North IA)Ddon Adult C•re Lld Notes to the Financial S(*temeDts- eonlinved for the Year Ended 31 Mareh 2023 I& RELATED PARTY DISCLOSURES London BoTough of FJtfi¢ld provides the maiorityoffiwding ￿ ènable th¢ clharity ￿ cally its cbaTit&bleobjectives. 17. .stTJ SEQUENL T EvE￿s During the p¢riod ended 31 March 2023. the tntstcr8 fouNI aD i￿nSisten¢Y amountittg th £13.350.46 which related to th¢ previow periods reportable income ofFlome Cwe Services. The difference was crcated due to noti- congruent timing difference betwcen the aeeounting and th¢ r4￿rtIng software. LLstead of restatlng the previous period's comparative, the trustre8' in concert have agreed to reduce the curmi ￿lod incoming fimds by th¢ same all￿unL Pag¢ 20 North Londots Adwlt Care L4d Detaikd Stat¢DKnt of Flnanclal Activities for the Yew Ended 31 Mgrcb 21123 31.3.23 31.3.22 INCOME AND ENDOIVMENTS Investment Ineomt Bank Interest Receivabk Grant Incorn 766, 20.949 51 21,715 49.758 Ch*ritable actlvltks ' Horne Care Servic¢8 798,203 Total Ineomln8'r¢sour¢e5 742.031 ¥47.961 EXPENDTTURE Charltsble 8etfvldes Wag&¥ Social $ccurity Pcnsion8 Hire of cquipment Rates and water Insurnnce Light at￿ He4t Telephone Postage and stationery Repair & Maint¢n4n¢e Motor & Travel Refreshtncnts Bad Debt Computer Accegsorics Advertisin8 Rccruilment Expenses Doub￿1 debts Short leasehold iL*ng leasehold Fixtures and fitting8 Training ￿st 676,186 28.533 11,289 747,202 40.413 11,711 4,293 117 6,738 5,133 4,294 2,757 4.779 1.167 796 6.865 614 573 934 (75,093) 5,137 5,050 8,680 396 168 7.652 3.S09 4.675 2.809 5.010 2.451 1.182 40.253 450 .032 2.419 (5J701 5,137 5,050 8.680 1.867 808.182 783,556 Support C0511 Other Professio1￿1 fce5 13,315 7.166 GovernADce costs Audltors remuileration 6.600 This page does form part of the statutory fllJan¢ial statements Page21 Nortb l•ndon Adult Care Ild Detsiled St#lememt of FinaDeial Aclivilie for the Year Ended 31 Marth 2023 31.3.23 31.3.22 Total re8ourc¢s cxpcnded 828,097 796 722 Net (expendjlureylneome This ph8¢ th)cs not form part of the statutory fiDan¢ial statements Page 22 ## **PRIVATE AND CONFIDENTIAL** Trustees of North London Adult Care Limited 254 Bowes Road New Southgate London N11 2JH Our ref: AK/KA/SS/8195 Date: 17 January 2024 Dear Sirs ## **REPORT TO MANAGEMENT** During the course of our audit for the year ended 31 March 2023 a number of matters arose which we consider should be brought to your attention. Accompanying this letter is a memorandum noting these points together with any recommendations we have for possible improvements which could be made. These matters came to light during the course of our normal audit tests which are designed to assist us in forming our opinion on the financial statements. Our tests may not necessarily disclose all errors or irregularities and should not be relied upon to do so. However, if any irregularity did come to our attention during our audit tests, we would, of course, inform you immediately. This report has been prepared for the sole use of the trustees / directors of North London Adult Care Limited and must not be shown to third parties without our prior consent. No responsibilities are accepted by BBK Partnership towards any party acting or refraining from action as a result of this report. We would be grateful if you could enter the charity’s comments against each point under the "comments" column of the memorandum and return it to us in due course. Finally, we would like to express our thanks to all members of the charity's staff who assisted us in carrying out our work. Yours faithfully ## _BBK Partnership_ BBK Partnership ## **Audit approach** There were no changes to our audit approach as set out to you in our letter. ## **Summary of significant audit findings** |||| |---|---|---| |**Significant risk area identified at**
**planning**|**Findings and recommendations**|**Management response**| |None||| |||| |**Other area where issues were**
**identified during the audit**|**Findings and recommendations**|**Management response**| |None||| ## **Internal controls** The purpose of the audit was for us to express an opinion on the financial statements. The audit included consideration of internal controls relevant to the preparation of the financial statements 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 internal control. Our audit is, therefore, not designed to identify all control weaknesses and the matters reported below are limited to those deficiencies that we have identified during the audit. |||| |---|---|---| |**Control weakness identified**|**Potential implications and**
**recommendations**|**Management response**| |During the course of the audit, the
engagement team come across the
period end adjustment for wages
was incorrectly computed.|Trustees could make unsuitable
decisions if this area is not
judiciously controlled. The
inaccuracy is not considered material
and only for year-end purposes,
however we consider the two stage
review to be reanalysed.|| ## **Summary of audit differences** All errors personified during the course of the audit have been adjusted. These Journals will be provided to the treasurer to ensure that they have been processed appropriately and all closing balances reconciled. ## **Outstanding matters** Prior to issuing our audit report we require: - the signed letter of representation; ## **Anticipated audit report** We anticipate that we will issue an unmodified audit report for the year, subject to the satisfactory clearance of any outstanding/unresolved the matters outlined in this report.