DISABILITY STOCKPORT CIO (A charitable incorporated organisation) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Number 1133529 Company Number CE016638
INDEX Cornpany information Foreword Trustees annual report 3-11 Auditors report 12-15 Statement of financial activities 16 Balance sheet 17 Statement of Cashflow 18 Notes to the financial statements 19-27
DISABILITY STOCKPORTCIO CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Nick Clarke Darren Dalby-oldham Anthony Egan Barbara Grenfell Christine Mather Dr Stephen Moran Robert Newcombe Carl Schoolden Gary Wells Peter Wilkins (Re-appointed 19112123) (Treasurer) (Vice Chair) (Re-appointed 19112123) (Re-appointed 19112123) {Chair) CHIEF EXECUTIVE Jane Bartlett CHARITY NUMBER COMPANY NUMBER 1133529 CE016638 REGISTERED OFFICE PRINCIPAL PLACE OF BUSINESS 23 High Street Stockport SK1 1EG AUDITORS Tree Accountancy Limited Chartered Certified Accountants & Registered Auditors Eastgate 2 Castle Streel Manchester M3 4LZ LEGAL ADVISERS stockport Legal Services, Town Hall, Stockport SK13XE BANKERS CAF Bank Ltd PO Box 861 Ipswich IP19LW The Co-operative bank 1 St Peters Square Stockport SK1 1NX
OISABILrrY STOCKPORT CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHAIRMAN'S FOREWORD By Peter Wilkins Hello everyone. Once again, the time has come for me to write my message for the Annual Report. It doesn't seem like a year since l the previous one. It has been a very good and eventful year for Disabilty Stockport. We were granted 3-year Lottery funding to continue to provide crisis and autism support. Our Primus Day service has retumed to pre-covid numbers and continues to attract new members. I continue to receive good reports on how much members enjoy Primus. Following our involvement with Pilot Light over the last couple of years when we had regular meetings with them, we have had continued support from Garfield Weston (in the form of grant funding for our independent living services). We have provided cost of living support to many through the household support fund and are pleased that we have been a trusted partner in the scheme to ensure vulnerable households benefit from the support fund. l am continuing to enjoy my time as Chaimian and thank the Board of Trustees for their support and for the work they do for the organisation throughout the year, whether it be their attendance at Board meetings, or their involvement in the various aspects of Disability Stockport. I would also like to thank management and staff for their dedication to our organisalion. and for the continued high standard of work which they do. My thanks also go to our members who help make Disability Stockport the fine organisation that it is. l am proud and honoured to be your Chainnan. Best wishes Ilkins Chalrman Disability Stockport CIO Charity Number 1133529 Company Number CE016638
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Directors, who are the trustees of the charity, present their annual report and the audited financial statements for the year ended March 31, 2024. REPORTING FRAMEWORK The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and cornply with the charity's goveming document, the Charities Act 2011 and 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 (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition- October 2019). STRUCTURE GOVERNANCE AND MANAGEMENT Governlng Document The Charity is a charitable incorporated organisation and is governed by its constitution dated February 12019 incorporating amendment passed 19 August 2020 effective from 22 August 2020 when Charity Commission consent was received. The Charity was previously a company limited by guarantee, registered at Companies House and was govemed by its Mernorandum and Articles dated Novernber 2 2009. It converted to a CIO on February 12019, and retained its registration with the Charity Commission. Membership of the charity is open to any adult resident primarily. but not exclusively, in the Metropolitan Borough of Stockport who has a disability or an interest in disability malters and is approved by the Trustees. The Trustees have the powers to establish dtfferent classes of membership and in Gertain circumstances to remove a person from membership. There are currently 63 members of the charity who. rf the charity is wound up. have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. Board of Trustees - composltlon and appolntment The number of Trustees must not be less than three or more than fourteen of whom not more than ten rnay be elected at a general meeting (the "elected Trustees"). All elected Trustees must be members of the charity. One third of the elected Trustees must retire at each AGM, those longest in office retiring first. A retiring Trustee who remains qualified may stand again. The Trustees may appoint any adult who is qualtfied to be a Trustee to fill a vacancy in their number or as an additional Trustee, but Co-opted Trustees only hold office until the next AGM. A co-opted trustee does not nesSarilY need to be a member of the charity. Trustee recruitment. induction. and training The organisation has a defined process for recruiting and inducting members to the Board of Trustees and is led by the needs and skj'll requirements of the organisation. The induction process for any new Trustee comprises an initial meeting with the Chair and some of the trustees. The welcome pack includes a brief history of the Charity. copies of Committee and Sub Committee minutes the last three years of Annual Reports and Financial Statements, the Constitution and the Charity Commission's guidance - 'The Essential Trustee: What You Need to Know..
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Organisation The Trustees as a body administer the Charity and they meet monthly. The Trustees are assisted by the work of the following sub-groups: Finance, Governance and Policy, and Media & Marketing. These sub-groups meet bi-monthly, to discuss budgets. contracts and review and evaluate policies. The sub-groups have the power to Co-opt or consult specialists as advisers. The following subrOupS are convened as and when required: Business and Project Development, Norninations and Recruitment, Training. The day-to-day operations of the Chaiity are the responsibilty of the Chief Executive Officer, to whom the Trustees delegate authority for operational matters including finance, employment and development, within the overall strategy agreed by the Trustees. Volunteers- Impactlsignlflcance in the charlty Volunteers have always played a crucial role in the history of DS. Over the past year, they have contributed approximately 7,000 hours, equating to a financial saving of over £80,000 in equivalent wages. Their dedication and vital contributions ensure the smooth operation of our services and allow us to focus on delivering quality support. Volunteers contribute not only financially but also by enhancing the quality of support with their diverse skills and experience. In return, they re1ve training, support, and feedback from members, fostering positive and rewarding relationships. Their involvement is essential for the operation of our social and support groups. For example, the 'Connect' social group and the autism social group depend on volunteers to host weekly meetings, enabling members to socialise, make new friends. and participate in informative sessions. Recently, a local Tai Chi group leader spoke to the autism social group about the benefits of Tai Chi and how to get involved. These groups aim to connect attendees with the community and provide social opportunities. A notable initiative by one of our volunteers involved collaborating with The Light Cinema in Stockport to organize regular autism-friendly film screenings. The social groups vote on filrns, and volunteers support the screenings and aange transport. This initiative has been highly successful, leading the cinema to offer weekly autism-friendly film screenings thanks to the volunteer's efforts. Additionally. DS offers placements for student social workers. This year, six students completed their placements, gaining a wide range of service experience that contributed towards thelr qualification. During thelr placements, DS benefits significantly from the projects they undertake. Rlsk management The Charity Trustees have carefully considered the major risks that Disability Stockport faces. They have reviewed these risks and established systems and procedures to manage them effectively. A Rlsk Register, last reviewed in 2024, is maintsined to identify the principal risks that could affect the Charity. These risks are categorised by their impact (low. medium, high) and their probability (low, medium, high). The Trustees recognise that the reduction in core grant support and the impending end of the current day service commissioning framework pose significant risks to the Charity's financial stability while it continues to meet the needs of its beneficiaries. For each significant risk, the Trustees have outlined specific actions and a timeline to mitigate these risks. A Trustee or staff member has been assigned to oversee the implementation of these actions. All risks will be reviewed at least annually to ensure ongoing vigilance and responsiveness. Trustees are covered by trustee indemnity insurance.
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES The object of the Charity is to relieve the needs of persons who have a disability, primarily but not exclusively in the Metropolitan Borough of Stockport. To meet its objective, the Charity aims to: Provide information and advice on disability Raise awareness of issues and concerns of disabled people Advocate on behalf of disabled people and their families Monitor and evaluate services to disabled people • Provide a range of services that help to meet the needs of disabled people Promote and provide opportunities for partnership working to assist disabled people This is done through the provision of a range of SeNiS provided from its central premises in Stockport. PUBLIC BENEFIT The charity has had regard to the Charity Commission guidance on public benefit. We have a central location and fully accessible building that is both easy to reach and welcoming. This rneans that all our public services such as information, infonnal advocacy, and advice can encourage people to drop in and use our faciSities, such as meeting rooms. interview roorns and training room. DS is a major provider of training and placements for volunteers who have also used the training room for meetings and workshops. Services currently available at our Independent Living Centre include several partner agencies co- located at 23 High Street. These are: Ealco (Ethnic and Community Support), Wellbeing Groups, Epilepsy Group, Autism Group. LGBT+ group. Krafty Knitters. Omni Music, Solidarity benefits form support. Stroke Information, Stockport Family Church, Stockport Pride, Talk Listen Change, The Proud Trust. Stockport Homes provide a drop-in service to provide housing advice. EJ Trrvett. Omnimusic CEO: "Omnimusic, a Stockport-based music and technology charity, is dedicated to breaking down barriers to music-making for disabled individuals and their supporters. We believe everyone has the right to participate in cultural expression and creativity. Our partnership programmes focus on person-centred approaches to help disabled individuals explore and showcase their musical talents. By using Assistive Music Tethnology (AMT) alongside traditional instruments, we ensure everyone can engage fully in creating music. We also offer training and resources to staff and caregivers. ensuring music remains a part of individuals, lives beyond our sessions. Our collaboration with Disability Stockport CIO highlights our commitment to inclusivity and community engagement. Using their facilities, we provide reduced-rate sessions to Disability Stockport members and create a supportive enmronment for all participants to express themselves through music. We value Disability Stockport Clo's support and look forward to continuing our efforts to promote accessibility and empowemient in music education. This partnership has also helped Omnimusic secure media coverage, new collaborations and leverage funding. This allows us to bring national music and technology organisations to Stockport, where they can develop their work and invest their tslents in our local disabled community. These new alliances offer more diverse and innovative music-making experiences, enriching the lives of those we collectively serrfe."
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE CEO'S Report on behalf of Trustees for the Year Ended 31 March 2024 It has been a year of remarkable growth, resilience, and unwavering dedication at Disability Stockport. As we reflect on the past twelve months. we celebrate our achievements and acknowledge the vital contributions of our supporters. funders, members, volunteers, and staff. We are thrilled to announce that Disability Stockport was granted a three-year National Lottery fvnding package. This significant support enables us to continue providing our crucial crisis and autism servIs, ensuring positive outcomes for the individuals who rely on these programs. The Primus Day service has also seen substantial growth. now reaching pre£OVID attendance levels, a testament to its value and our team's hard work. Our ongoing relationship with the Garfield Weston Foundation has been instrumental in advancing our Independent Living services through continued grant funding. The demand for crisis support has surged, and our team has been busier than ever. The National Lottery funding has been crucial in maintaining these vital services during these challenging times. In response to the cost-of-living crisis, we have leveraged the UK Government Household Support Fund to provide essential assistance to over 600 individuals. As a trusted partner in distributing these funds, we have been able to alleviate some of the financial pressures faced by our vulnerable community members. We are proud to report the expansion of our veteran support services, made possible by funding from the Armed Forces Covenant Trust. This year, we established a veteran autism support group in Stockport and Cheshire, alongside an active social group. These initiatives have significantly enhanced the support available to veterans in our area. Our collaboration with Stockport Metropolttan Borough Council has continued to flourish, particularly through our joint social care charging project. This initiative ensures that individuals receiving social care charges get the support they need and can afford, aligning with our mission to provide comprehensive and accessible care. Additionally, we received funding from the GMCA WEA to enhance our adult leaming opportunities. This investment in our training model and pathways will allow us to offer improved support and outcomes to our members and the broader community. I would like to extend my heartfelt gratitude to everyone who contributes to Disability Stockport. Your loyalty, dedication. and enthusiasm are the pillars that uphold our mission. Together, we will continue to thrive, stay relevant, and provide the highest quality services to those who need thern most. We are especially proud of Sara Crookdake, our Stockport Centre for Independent Living Manager, who was awarded an MBE for her outstanding services to disabled people. This honour is a reflection of her exceptional commitment and the impact she has made in our community. Sara's achievement underscores the dedication and excellence that define Disability Stockport. Jane Bartlett, CEO. Disability Stockport
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Prirnus For over 40 years, Primus has been dedicated to providing daytime support for adults with physical, sensory, and leaming disabilities. We are proud of our commitment to respecting and valuing the knowledge and experiences of disabled individuals. encouraging and enabling them to lead full, active, and meaningfvl lives as independently as possible. Primus has continued to grow, achieving attendance levels comparable to those before the COVID- 19 pandemic. We off8r a variety of activities, including yoga, lrfe skills training, and quiet spaS for relaxation. Our members set personal goals such as becoming more independent, staying active, and maintaining good health. Activities are tailored to individual needs and interests, including walks to the town centre, tending to our allotment. cooking, and arts and crafts. The day centre operates slx days a week: Monday to Friday from 9..30 am to 3:30 pm, and Saturday from 9:00 am to 3..00 pm. Participants can book the sessions they wish to attend. Stockport Centre for Independent Llving (SCIL) DS offers a diverse range of support and services. The core aims of the Stockport Centre for Independent Living (SCIL) are to enable disabled people to mainlain their independence, Improve their life chances, and reduce social isolation. Led by our inspirational SCIL manager, Sara Crookdake, who this year was awarded an MBE for services to disabled people, we lebrated this achievement with a trip to London for our members and supporters. This award is a testament to the dedication and contribution that DS makes to our community. The SCIL team continues to support over 600 people each rnonth through a range of services. Our offerings include Supported Living, Autism support, equality, peer support, outreach. mon8y management, and crisis support. The demand for our serrfices continues to rise as we respond to local needs and embrace new opportunities. Over the past year, we have consistently developed our serrfices and irnplemented sustainability initiatives. We express our gratitude to the National Lottery for continuing to support our vital work while we explore sustainable options to fund the increasing demand for our seNIs. As a trusted partner in Stockport, DS distributed hundreds of personalised UK Govemment household support fund awards, ensuring this support reached vulnerable households with disabilities or long-terrn health condrtions. This initiative highlighted the need for ongoing support for vulnerable households. not only through assistan with energy. food, and other essential expenses but also with money management. budgeting, and debt and benefits advice to ensure they can access the seNices and equipment needed for a healthy life. Stockport Council has extended our partnership agreement to continue offering a Social Care charging project, ensuring individuals receiving social care packages can access the support they need. We also Continue to partner with the Stockport Support Hub and Pure Innovations to provide peer and home support to those in need in Stockport. We remain a full member and co-chair of the Greater Manchester Disabled Penson's Panel, which plays a crucial role in ensuring disabled people are involved and respected in all aspects of life.
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 We continue to invest in our employees and operate as a team to deliver high-quality vrfrap-around services to every individual we support. DS has a dedicated workforce committed to achieving the charity's objectives to a high standard. Working in collaboration with others. embracing new opportunities, and ensuring high-quality support remains our priority will ensure the continuation and evolution of SCIL. Over the next year, we aim to further adapt, respond. and deliver a variety of improved and innovative services that achieve positive outcomes for the people we support. DS continues to support an increasing number of people in crisis or significant distress. This includes individuals of all ages. genders, and backgrounds, with causes of crisis varying widely. Some are unable to leave their house due to panic attacks, are homeless, experiencing abuse, suffering from psychotic illness, undergoing relationship breakdowns, starving. or in financial crisis. Our main High Street building continues to offer a diverse range of community wellbeing groups. Outreach Servlces Our personalised service provides individuals with quality one-on-one interactions, increased chan$ to access a community of their choice, and opportunities to build new relationships. It has been noted that our outreach services have lad to increased confidence and self4steern among particlpants. The complex outreach service has maintained momentum, supporting over 60 people per month. Our dedicated team works at full capacity to meet the rapid increase in demand for care and support. Dedicated Autism Support Workers continue to provide a preventative approach to the Autistic cornmunity of Stockport and the wider Greater Manchester area. Extending our services has been crucial in strengthening our ability to meet the escalating need in the area and address issues at the earliest possible stage. Acknowledgements DS is grateful to our donors and dedicated volunteers, whose contributions and time add immense value to our organisation and groups. We also thank everyone who has sponsored events on our behalf. We appreciate the ctmtinued support of the Garfeld Weston Foundation and the 12-month 'Pilotlight' menloring programme, which resulted from winning charty of the year in 2022. With the support of Pilotlight mentors, we completed the programme, resulting in a full review of our charity. mission, and strategy. This led to a rebrand, featuring a new colourful logo that better represents our values and a strategic business plan to streamline our focus and align with our vision.
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Overview Total income for the charity this year has seen an increase (20 /0) from the previous year by £231k to £1,373,729. Of the income 35.7 % (£491 k) has been in the form of project and grant funding, compared to 25.90/0 previous year. Although Disability Stockport aims to achieve self-sustainability by 2030 and reduce reliance on grant funding, a significant portion (£406k) has been allocated to new projects, pik)ts, and initiatives that foster wsitive community impact. Primus income has seen an increase in income from the previous year. as nurnbers continue to steadily grow, and the sep4ice has resumed pre-covid attendance levels. Primus Day Service accounts for almost 410/0 of the total 23124 income. Independent Living Services, outreach service income has increased by almost 23 /0 compared to the previous year, partly due to a 10 % increase in fees from the local authority. The Mills supported Living service continues to operate as budgeted with all 6 flats tenanted. The total income for all Independent Living Services 23124 is £782.9k, compared to £551.4k in 22123. Over £160k has been received in grants to distribute cost of living support to individuals and offsets some of the high expenditure for the service. Total expenditure rose to £1.24m, up from £1.12m the previous year. Salaries and wages increased by 14 %, paruy due to a 3.50/0 pay uplift aligned with Stockport Council's pay scales. This increase in salary expenditure is partially offset by additional income from new projects, such as those funded by The National Lottery, Garfield Weston, the Social Care Charging SMBC project, Household Support Funding, and The Veteran Foundation, which help cover the additional salary costs and expenditures. The charity's total funds have increased in the past 12 months to £1.1 m - this is held mostly in assets (High Street building) fully owned by Disability StockporL Free reserves have increased. DS has recorded incorne over budgeted expectations and achieved a surplus of £132k (budgeted on a loss). The surplus is attributed to grant and project funding secured after budget setting including The National Lottery grant. Garfield Weston charity of the year award, renewal of project income and grants to support DS Veteran service. £80.3k of the surplus is held in restricted funds towards grants that overlap the year into 2024-2025 to cover future expenditure. Principal funding sources The Independent Living Service was supported by grants and funding from Big Lottery Fund (£55.3k), Pure Innovations (£28.2k). Age UK (£10.1 k}, Garfield Weston (£30k) Armed Forces Covenant Trust Fund (£38.3k), SMBC {£40.9k). Social Group funding from various funders (£41.8k) and The Workers Education Association {£36k) Cost of Living support has been distributed from funding provided by the UK Government via the DWP £173.8k. Independent Living Service income has been generated through the managed accounts service. consultancy, and student placements along with supported living and outreach services funded privately or by Stockport Council. Primus is funded by fees paid either by the council on behalf of service users or directly by the users themselves. The same applies to fees generated by other servIS (Outreach & The Mills).
DISABILITY STOCKPORTCIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Reserves Policy The Trustees consider expendable free reserves are essential to supplement any shortfall between expenditure and income to maintain the level of service to clients and provide for any unplanned revenue or capitsl expenditure. Having considered the Chaiity's exposure to risk. a policy has been determined to target free reserves (unrestricted funds invested in net current assets, which is the Charity's working capital required to fund day-t041ay operations) at a level equivalent to six months, unrestricted expenditure. The free reserves of the Charity as at 31SI March 2024 total £121.4k {2023 £46.3k). compared with unrestricted expenditure of £854k, which is equivalent to less than 2 month's expenditure. Whilst the current level of reserves is low and the 2024-2025 forecast predicts a year end deficit, DS has a financial risk register in place should post year end requests for funding be UnSucsSfUl. The risk register details mitigation action to ensure that the charity will continue as a going concem and deliver services as planned. Pay of Senior Staff The CEO'S pay is determined by the Finance Sub-Group for approval by the Board of Trustees. Comparative studies of levels for similar roles and factors of turnover and responsibilities are all considered. The CEO pay for 2023124 amounted to £47.382 and no travel expenses have been claimed. Future plans In 2024125. the charity will continue to offer and maintain the same range of services, remaining well-positioned to adapt to any changes in govemment policy or funding while continuing to support those in greatest need. Primus aims to increase attendance and enhance the range of opportunities available. with a particular emphasis on skills and training. We have initiated the process of becoming an ASDAN Centre to provide level 4 qualifications and advance opportunities for progression. As the current day service framework concludes in June 2024, DS plans to reapply with an enhanced offer of vocational and educational sessions. More determined and busier than ever. the SCIL team strives to meet the increasing needs of disabled people across Greater Manchester, working towards social change and transforming individual lives. In collaboration with partners, we are committed to delivering personalised support that enables independenl living. Disabilty Stockport has been invited to participate in the rollout of phase 5 of the Household Support Fund. This will provide crisis support to vulnerable households, helping them cope with significantly rising living costs. By implementing lessons leamed from previous phases and combining resources with other partners, we aim to meet the needs of the local community more effectively. Recognised as a model of good practice across Greater Manchester, SCIL will facilitate the scheme through various personalized routes. Like many disabled people's organisations, funding remains one of the most fundamental challenges for SCIL. In response to this uncertainty, we will continue to strengthen our position through a diversification of funding, leading to greater sustainabilty. This will enable long-term 10
DISABILITY STOCKPORT CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 planning, further investment in Servi development, and a robust response to the rising needs of the community. We will continue to listen to the concerns and issues raised by the community we serve and respond with actions for positive change. Going concern In the opinion of the Trustees, there is no material uncertainty regarding the charity's ability to continue as a going concem. The Trustees note that the free reserves have increased in the year. Auditor In accordance with the company's articles, a resolution proposing that Tree Accountancy Limited be reappointed as auditor of the company will be put to a General Meeting. TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUrS of the charity for that period. In preparing these financial staternents. the trustees are required to". select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP {FRS 102) (second edition - October 2019)" make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. Approved by the Board and signed on its behalf by". Peter Wilkins - Chairman Date: oy Charlty Number 1133529 Company Number CE016638 11
INDEPENDENT AUDITORS REPORTTO THE MEMBERS OF DISABILITY STOCKPORT CIO FOR THE YEAR ENDED 31 MARCH 2024 OPINION We have audited the financial ststements of Disability Stockport CIO (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements. induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charitable company's trustees, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body. for our audit work, for this report, or for the opinions we have fomied. In our opinion, the financial ststements: give a true and fair view of the slate of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial ststements section of our report. We are independent of the chaiity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concem In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not idenlffjied any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this reporL Other Infomiatlon The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contsined within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other 12
INDEPENDENT AUDITORS REPORTTO THE MEMBERS OF DISABILITY STOCKPORT CIO FOR THE YEAR ENDED 31 MARCH 2024 infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees. report, which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors, report included within the trustees. report has been prepared in accordance th applicable legal requirements. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us lo report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect wtth the trustees, report. or sufficient accounting records have not been kept; or the financial statements are nol in agreement with the accounting records; or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees and dlrectors As explained more fully in the statement of trustees, responsibilities. the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem. disclosing, as applicabl8. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditor's responsibilities for the audlt of the financlal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audrt conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 18
INDEPENOENT AUDITORS REPORTTOTHE MEMBERS OF DISABILITY STOCKPORT CIO FOR THE YEAR ENDED 31 MARCH 2024 Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of iegUlar1ties, including fraud. The extent to which our prOdureS are capable of detecting irregularilies, including fraud is detailed below: Identifying and assessing potential risks related to irregularities In identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non- compliance with laws and regulations, we considered the following: The nature of the industry and sector in which the company operates" the control environment and business perfomance including key drivers for directors. remuneration, bonus levels and performance targets. The outcome of enquiries of local management and parent company management, including whether management was aware of any instsnces of non-compliance with lavts and regulations, and whether management had knowledge of any actual. suspected, or alleged fraud Supporting documentation relating to the Companys policies and prOdureS for: Identifying, evaluating, and complying with laws and regulations Delecting and responding to the risks of fraud The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006. pensions and tsx legislation. or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, and Anti- bribery and Corruption. Audit response to risks identified Our procedures to respond to the risks identified included the following: Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial ststements. Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud. Evaluation and testing of the operating effectiveness of management's controls designed to prevent and detect irregulaiities. Enquiring of management about any actual and potential Sitigation and daims. Performing analytical ProdureS to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud. We have also considered the risk of fraud through management override of controls by: Testing the appropriateness of journal entries and other adjustments. We have tested a sample of manual joumals which may pose a heightened risk of material misstatement, whether due to fraud or error. Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias- and Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. 14
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF DISABILITY STOCKPORT CIO FOR THE YEAR ENDED 81 MARCH 2024 We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-complian with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above, and the further removed non-complian with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecling a matertal misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate Goncealment by, for example. forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https'll www.frc.org.uk]auditorsresponsibilities. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not aCpt or assume responsibility to anyone other than Ihe charitable company and the charitable company's members as a body for our audit work, for this report, or for the opinions we have formed. L,lJ Nicholas lan Hynes FCCA (Senior Statutory Auditor) for and on behalf of Tree Accountancy Limited Chartered Certified Accountants & Reglstered Audltors 3rd Floor, Eastgate Castle Street Castlefield M3 4LZ United Kingdom Date: Charfty Number 1133529 Company Number CE016638 15
DISABILITY STOCKPORT CIO FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 DISPBILITY STOCKPORT CIO STATEMENT OF FINc[pL TmTIEs (includlng IncoTh and Expenditure knount) FOR THE YEAR ENDED 31 MPRCH 2024 Notesunrestricted Restrlcted Designated Funds Funds Funds Total 2024 Total 2023 INCOME Donations and legacies 44.456 173,800 218.256 230.431 Charitable activities 867,954 280,845 1,148.799 9[,326 Other trading actwibes Investments - bank interest 510 510 1.433 Other 6,164 6.164 4,249 TOTPL INCOME 919.084 454.645 1.373,729 1,142,439 EXPENDITURE Costs of raising funds Charitable activities 854.049 387.675 1.241,724 1.117.005 TOTAL EXPENDITURE 854.(M9 387.675 1,241.724 1.117,005 NET INCOME 65.035 66.970 132.005 25,434 TRPNSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 65,035 66.970 132,005 25,434 TOTNL FUNDS: BROUGHT FORWARD 999,252 13,339 1.012,591 987. 157 CNRRIED FORWARD 13 1,064,287 80.309 1,144,596 1,012,591 CONTINUING OPERATIONS None of the charTWs activities were acquired or diSntinUed during the ab)ve financial year. The notes on pages 19 to 27 form part of thes8 ac(x)unts. 16
DISABILITY STOCKPORT CIO FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 DISABILITY STOCKPORT CIO BALANCE SHEET Notes 2024 2024 2023 2023 FIXED ASSETS Tanglble Assets 942,875 952,929 CURRENT ASSETS Deblors Cash at Bank and in Hand 10 98.207 319.997 418,204 122,911 160,378 283,289 CREDITORS AJTJ)unts falling due in one year 216,483 223, 627 NET CURRENT ASSETS 201,721 59,662 TOTAL ASSETS LESS CURRENT LIABILrriES 1,144,596 1.012.591 CREDITORS arnunts falling due after rrK)re than one year TOTAL NET ASSETS 1.144,596 1.012.591 FUNDS Unrestricted Designated Restricted TOTAL FUNDS 12 12 12 1,064,287 999.252 80.309 1,144,596 13,339 1.012,591 The notes on pages 19 to 27 fomi part of these accounts. Approved and authorised for issue by the board of trustees on :_ Peter Wilkins - Chairman Date:?i.01.103) Charity Number 1133529 Company Number CE016638 17
DISABILITY STOCKPORT CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF CASH FLOWS Notes 2024 2023 CNSH FLOWS FROM OPERATING TIVITIEs Net cash providedl(utilised) by operating activities 161.479 (24, 733) CASH FLOWS FROM INVESTING TMTlEs Bank interest Purchase of property and equipment Net cash used in Investlng actlvities (510) (1,350) (1.860) (1,433) 1.433 CASH FLO FROM FINcING XTivrriES RepayThents of Borrowing 438,966 438,966 Increasel(Decrease) in cash In the Jear Cash at Bank and in Hand at the beginning of the year Cash at Bank and in Hand at the end of the year 159,619 160,378 319,997 (465. 732) 625,570 160,378 A Net IncoTh* for the year ljustments for: Depreciation charges Bank interest (hcreaseyDecrease in debtors Increasel(Decrease) in creditors - excluding borrowings Net cash providedl(utilised) by operating activities 132.005 25.434 11,403 510 24,704 7.143 13.232 1.433 (49,484) 15,348 24. 733 The notes on pages 19 to 27 fomi part of these financial staternents. 18
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the financial statements are set out below. Basis of preparation & accounting framework The financial statements have been prepared: under the historic cost convention: in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 12019 (second edition- October 2019); FRS102' and the Charities Act 2011. The accounts (financial ststements) have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view.. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charitles: Statement of Recommended Practi effective from 1 April 2005 which has since been withdrawn. The charity constitutes a public benefft entity as defined by FRS102. Going Concern At the time of approving the financial statements, the trustees have a reasonable expectation thal the company has adequate resources to continue in operational existence for the foreseeable future. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. There are no judgements or key sources of estimation uncertainty. Incoming resources Total Incoming Resources as shown in the Statement of Financial Activities represents the net amounts from all sources. Income is recognised in the accounting period in which it is receivable, except in the following circUmstans, when the income is deferred and included in creditors: The income relates to a future accounting period A sales invoice has been raised ahead of the work being carried out and the charity is not contractually entitled to the income until the work has been done Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant musl be refunded. Income includes grants in respect of revenue and capital items. Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable, if all the conditions for their receipt have been met. When there are continuing restrictions over use or disposal of the asset acquired, then the grants are transferred to a separate restricted fund when the asset is acquired, and depreciation is charged against this fund over the useful economic lrfe of the assets. If the restrictions are met or lifted before the assets are fully depreciated the balance on the related restricted fund is transferred to unrestricted funds. 19
DISABILITY STOCKPORTCIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES {continued) Fund accounting General funds are available at the discretlon of the directors in furtherance of the general objectives of the Company. Designated funds are created by the Directors to meet anticipated future expenditure and the designations may be changed at any time. Restricted funds are funds subject to specific restrictive conditions irnposed by funders or by the purpose of the grant. Unrestricted funds are donations and other incoming resources receivable or generated for the objectives of the charity without further specrfied purpose and are available as general funds Expenditure All costs are accounted for on an accruals basis and allocated: Costs of raising funds The costs of securing grants and voluntary income. Charitable expenditure The costs of delivering the charitable activities. All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of resources. Costs directly relating to a particular activity are allocated directly and other costs (support costs) are allocated on an appropriate basis to reflect the usage of resources. Details are given in note 4-5. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Allocation of support costs Support costs are those functions which assist the work of the charity either by supporting the delivery of charitable activities or by supporting the generation of funds. They include property costs, back-office functions, staff costs and professional fees. The basis of allocations is set out in note 5-6. Pension contributions The charity operates workplace pension scheme (a defined contribution pension schemo) for its employees and pays the minimum contributions in order to meet its legal obligations. Contributions are charged to the SOFA as they become payable. Tangible fixed assets and depreciation Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capitalised. Depreciation is provided to write down the cost of each asset over its expected useful life to a residual value as follows: Equipment al the rate of 25 /0 per annum, using the straight-line method Freehold Building at the rate of 1 % per annum, using the straight-line method Freehold Land Dabtors Trade and other debtors are recognised at the settlement amount due, and prepayments are valued at the amount prepaid. 20
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES (Continued) Cash at bank and in hand Cash at bank and in hand indudes cash and short tenn highly liquid investrnents with a short rnaturity of three months or less from the date of acquisition or opening of the deposit or similar account. Credltors and provlsions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resutt in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Operating leases Operating leases and payments made under them are charged to the Statement of Financial Activities on a straight-line basis over the lease term. Flnance leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the sum of the digits method. The related obligations. net of future finan charges, are included in creditors. Financial instruments The charity has only basic financial inStmentS which are initially recorded at cost, and WFth the exception of investrnents (as set out above) subsequently measured at their settlement value. 21
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestrictgd R•strlcted Dèsignated 2023 Total Total 2 Donations and legacles Revenue Grants Capital Grants Bequests & Legacies Donations and Donated facilities 37.457 173,800 211,257 6.999 6,999 2,342 44.456 173,800 218,256 230.431 3 Income from Charltablé actlvltles General Primus Club 560.638 Independent Living servi 295.436 280,845 Rental Income 11,880 867,954 560.638 576.281 11,880 1,148,799 490.303 . 403,477 . 12,546 906,326 280.845 3A Other Incon Solar Panels - F Insurance payout ILS - GM Coalition Income 3,588 1,276 3.588 1.276 1.300 6,164 3.449 800 4,249 6,164 4 Costs of ralslng funds oencylothar expenses 250 250 5 Expendlture on Charitable activltles Primus Club 336.865 Independent Living servi 207.904 387.675 Outreach 214,298 The Mlls 94,982 854,049 336,865 595,5T9 214,298 94,982 1.241,724 358,640 463,936 166, 758 127421 1.116,755 387.675 ialysis of expenditurè on charitabl• activlties Dlre Costs Support Costs Total 2024 Dlrect Costs Support Costs Total 2023 General Primus Club 257,290 79,575 336,865 Independent Livlng Service 446.158 149,420 595.578 Outreach 165.914 48.385 214,299 The Mlls 73.467 21.515 94.982 942,829 298,895 1,241 724 259. 120 324.334 125.335 99, 520 358.640 139, 602 463,936 41,423 166,758 32,977 127.421 313,522 1 116 755 22
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Prinws Club Indep Living Outreach The Mills Total 6 alS of Support Costs Senior nage1F1nan¢e Depreciation aintenance& Repairs TellPhOtStat1Frankjng Govemance Cleaning Utilities tr Support knsurance Other Total 70,361 8.002 10,070 10,250 9.539 574 6,216 4,975 44.773 19,592 195 245 249 233 14 151 122 167 192,384 10,781 13,566 13,808 12,852 773 8,374 6.703 9,229 30.425 298,895 2.218 2.791 2,841 159 1.723 1,379 1,899 6,260 22.583 79,572 149.420 26 227 313 1,032 48,385 21,518 7 Staff Costs The payroll costs of the charity were as foHows:_ 2024 2023 Wages & salarEs Social securty costs Pension costs 791.922 59.322 14,841 866,085 695,243 52,674 12.414 760,271 employee eamed more than £60,000 pa The average number of employees of the charity was as follows."- Nun)er Nunknr charitate activities Support 47 Key Anagernent personnel The key management of the charity comprise the trustees and senior staff (as set out on page 1) trustees recerved remuneratK)n for their services as trustees. Remuneration of key management personnel 47.382 44,304 8 Net Incor This is stated after charging: Auditors remuneration: _ Audit fees Depreciation of tangible assets Operating lease rentais Directors, remuneration & expenses 5.700 11.403 2,625 6,000 13,233 2,546 Trustees claining expenses 23
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENOEO 31 MARCH 2024 9 Tanglble Fixed A$ts Freehold Proporty Equipment Total Cost at 1 April 2023 Additions Disposals s at 31 March 2024 1,058,362 145,224 1.350 1.203,586 1,350 1.058,362 146,574 1.204,936 Depreclallon As at 1 Wil 2023 Charge for the year Eliminated on disposal As at 31 March 2024 109,991 8.184 140.666 3,220 250.657 11,404 118.175 143,886 262,061 Net Book Value As at 31 March 2023 4.558 952 929 A8 at 1 April 2024 940 187 2.688 942.875 2024 2023 10 Debtors Trade debtors Prepaynts and Other 86.304 11,903 98,207 113,312 9,599 122.911 11 Creditors falling due wilhin one year stockport MBC r8 Salaries Other Creditors Trade Creditors AGGruals and Deferred Incoff Funds in trust Loan RepaYntS Finance Lease repaynpnts 199.703 311 3.154 6.400 6,915 201,227 314 6,918 11,727 3,44t 216.483 223.627 stockport MBC re Salaries - Employees are paid through Stockport MBC'S payroll department. Part of the sum payable to the Charity is retained to rrEet this St, the balance is payable after the end of the payroll year. 24
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNT8 FOR TrIE YEAR ENOED 31 MARCH 2024 12 Statement of Funds Balance 01104123 Income Balance 31103124 Costs Transfers Unrestrlcted funds: General fund 999.252 999, 252 919.084 919,084 854.049 854.049 1,064,287 1,064,287 Deslgnated funds: Restrl¢ted Funds: Independent Living Service Wellbeing Servi Total restrlcted funds 13.339 454.645 387.675 80,309 13,339 454.645 387,675 80.309 Total Funds 1012 591 1373 729 1.241.724 1 144.596 Balance 01104122 Income Balance 31103123 Costs Transfers Unrestricted funds: General fund 901.539 901,539 864,795 864.795 767,082 767,082 999,252 999,2S2 Designated funds: Independent Living Service Wellbeing Service Restrlcted Funds: Indèpendent Living Service Wellbeing Service Total restricted funds 72,)0 13.118 85.678 277.644 336,805 13.118 349.923 13,339 277,644 13,339 Total Funds 987.157 1,142,439 1117.005 1012 591 Restrl¢ted funds balances as at 3113124: £ 80,309 Independent Living Servi £14,240 Ring fenced for cost of living paynts. £9.225 Lottery grant overlapped the year 22123-23124. £458 Ring fenced for a poety club. £10,377 Stockport Council joint project overlapped years. £10,000 Ring fend for an autism training project. £2.531 Ring fenced for Forever Manchester Tablet Club. £1,179 Ring fenced for Veteran NAJtism Social Group. £6,260 Ring fenced for Veterans Cheshire Autism Social Group.. £5.555 Ring fend for Veterans Active programme. £20.484 Ring fenced for training project. 25
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 13 Analysis of net assets between funds General Restricted Designated Funds Funds Funds Total Fund balances as at 3110W24: Tangible fixed assets Net current assets Long term liabilities 942.875 121.412 942.875 201,721 1.064,287 80,309 1.144,596 Fund balances as at 31103123: Tangible fixed assets Net current assets Long term liabilities 952, 929 46.323 952.929 59,662 13,339 999.252 13,339 1,012,591 14 Lease conji4tnts a Operating leases Total commitments urKler noTrcancellable leases Within one year Within 2 to 5 years After 5 years 2024 2023 2,222 664 5.108 b Flnance lease There were no Finance lease commitments at the year end (2023: none). 15 Constitution Charity is a Charitable kncorporated Organisation and does not have a share Capital. 16 Taxation The Charity is entitled to claim annual exemption from UK Corporation Tax under sections 466 to 477 of the Corporation Taxes Pct 2010. 17 Capital Conmnitments Tre were no capitsl commitments at the year erKI (2023: none). 18 Related Party Transactlons. Sorne of the trustees participate in the services provided by the Charity on the same terms and conditions as all other users. There are no othèr related party transactions.
DISABILITY STOCKPORT CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 19 Managed Bank knounts The Charty holds money on behalf of clients deposited in managed bank accounts with CAF Bank Ltd. At 31 rGh 2024 balances held on thetr behalf totalled £70.407. (2023: £.771 }. Funds are held in an Individual SeNice fund CAF Bank account. neY paid in by SMBC is used to pay invoices for services recerved from Disability Stockport. The balance of the Individual Servtce Fund kcount as at 31 Trkrch 2024 is £102,675 {2023." £114,939). These accounts are not included in the balance sheet of the Charity. 27