Company registratbon number. 07139585 Charity registration number. 1136373 Aapna Services Ltd (A compary limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 Aapna Services Ltd Contents Reference and Administrative Details 2to5 Trustees, Report 6tog Independent Auditors, Report Staternent of Financial Activit5es 10 11 Balance Sheet 12 Statement of Cash Flows Notes to the Financial Statements 13to24 Aapna Services Ltd Reference and Administrative Details Chairnian Anu Ahitan Trustees Anu Ahitan Wahida Hussain Najabat Ramzan Dinesh Kumar Puri Anita Puri Company secretary Charity Reglstration Number Company Registratlon Number 07139585 The charity is incorporated in United Kingdom. Aapna House 31-35 Eastboume Road Middlesbrough TS5 6QN Mr Anthony Blueitt Chartered A(xountants & Statutory Auditor Chuhan and Singh Partnership Limited 81 Borough Road Middlesbrough TS13AA 1136373 Reglstered Office Auditor Page 1 Aapna Services Ltd Trustses. Report structure.. governance and management Th8 trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 MarGh 2024. The trustees hav8 adopted the provisions of Accounting and Reporting by Charities: Statem8nt of Recommended Practice applicable to charitses preparing their accounts in a￿ordan￿ with the Financ￿1 Reporting Standards applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). Governing document The charty is a company. limited by guarantee, incorporated on 20th January 2010 and registered as a charity on 15th June 2010. The company was established under a Memorandum of Association which established the objects and powers of the charttable company and is govemed under. its Artic18s of Association, In the event of ts being wound up. memb8ts are r8quired to contribute an amount not exceeding £10. Recruitment, appolntmont and trainlng of Trustees The trustees are recruited from a pool of indriiduals who support the organisation. Potential trustees are briefed by the manager and gNen copEs of re￿vant Fdicies and proCedU￿S and appropriate training of roles and responsibilities is Ca￿led out Risk management The trustees continualty review the risks to ￿ttl¢h the charity is exposed and to this end they put in pla￿ systems and strategies to minimise those risks. Organisational Structur8 The trustees are responsible for the stratsgic objectives of the charity. The day to day running of the organisation is delegated to the manager who regularty ￿P￿rtS to the trustees. Obj8Ctives and activities Aapna has been consistentty working hard to achieve its objectives. It has been strengthening its position by improving and expanding tts range of servtss. Aapna has grown to set up new services and has shown Gonsistent growth of its business in new areas of care serwces. The aim of the charity is to promote social inclusion for the public benefft by working with people from black and minorty ethnic (BAME) and oth8rs who are socially excluded on the grounds of their age. disability. gender, sexual orientstion. ethnic origin. ￿ligIOn, belief or creed, in parbcular, but not exclusively by- 1. Providing a local network group within the United lfjngdom that encourages and enable the said beneficiaries to participate more effectively with the wider community- 2. Increasing or co-ordinating opportuniti8s for the said beneficiaries to engage with sery1￿ providers. to enable those providers to adapt services to better meet the needs of the beneficiaries. 3. To preseNe and protect the health of those caring for people With physical. mental. learning or sensory impairment within the family home or by offering a respite service through the provision of community based and residential based care services close to home. Increasing the opportunities for the said beneficiaries to live in the community independenty with domiciliary care suppo 4. To relieve financial hardship among BAME people and their dependants living within the United lfjngdom by associating together with Local Authorities, Voluntsry and other organisations in a common effort to advance education and provide facilities in the interest of social welfare for recreation. Leisure time occupation with the objective of improving the conditions of life for BAME Page 2 Aapna Services Ltd Trustses. Report 5. To relieve vulnerable people resident in social housing .who are in need, by providing specially designed or adapted housing, and items. servjces or facilities calculated to relieve the needs of such perscns. The trust*s have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefft guidance published by the Charity Commission for England and Wales. Achievements and perforniance Ladies Day Care: This service wns three times a week. We have clients coming frorn Middlesbrough, Stockton and .Redcar and Cleveland area. We have built up the Servi￿ trj accommodate more than 65 women. We [￿1ve referrals from professionals to attend the Servi￿ but sometimes the sep4ice Is also offered to individuals on Self-￿ferra1 basis who do not qualify to receive assistance from social services. Aapna has an open door policy to offer support to all who a￿ in need of information, advice and guidan￿. The demand for day care provision has increased post Covid. We provide rnany activities to the women, including chair-based exercise, massage, infomats'on sharin9 on health issues, weight management programme. diabetes and cancer information sharing sessions. The Servi￿ is very popular among the people of the I￿al communities. Men's Day Care.. This provision is provid8d to support elderty men from BAME populab'on to enhan their life experien￿. This group meets tvKI days a week. It is a mixed ability group of individuals who might have mild to moderate mental health issue, dementia and physical disability. Various therapeutic activities are provided. The aim of the Se￿1￿ is to eliminate isolation. reduce loneliness and to improve social contsct. We receive referrals from Middlesbrough. StoGkton and Redcar social se[w￿S department. We are known to provide service to indNiduals who might not m*t Social Services criteria but would beneftt from attending the Servi￿ to improve their mental well-being. The numbers of attendees have gradually increased this year. We offer this service to 10-15 men each week. Leaming Disabilty Services Day Care: LD day care piovision is well established. We provide this service to more than 18 clients of various abilities. The majority of the dients are male and have additional disabilibes. The staff hold weekly meetings with the client to go through the weekly activity plan. The clients are given support and every opportunity to choose their weekly activities and discuss any issues in the meeting. Every client has a personse vicinity of the person's current acrJ)mmodation, keeping the young person's psychological needs in mind. A fvll team of professionals from different agencies r8sponsible for the care of this young person has been fvlly involved in the process and recommended the suitabilty of the propety. An occupational therapist from the disability services is involved in the preparation and refvrbishrnent of the building. The alterations to this property are cutrently ongoing. An application to register this propety with CQC has been made. Dementia Service: Regular referrals from the Older People Mental Health team are received to provide care or on&tO-one support at home. All the staff who work with dementia patients have a minimum level 2 in Dementia Awareness training. Home Care setv1￿. This was one of the core ServI￿S Aapna provided to the communities. W8 provided support to individuals to keep them living independently in the community as long as possible. This servi￿ was sold to a third party during the year. Counselling: The bilingual counsellor has been with ￿pna for sev8ral years and has been consistently providing this valuable servi￿ to BAME communities. We have noticed the change in the trends of the referrals. More and more individuals are walking through the door and self-referring for this service. The counsellor delivers this vital ser¥ice trj anyone from the Tees Valley. Our contract funding had ended with Alliance, but we negotiated with CCG who agreed to carry on funding this valuable seNice via A]liance Psychological Services. Financlal review This year has seen a drop in the net income for the chanty mainly due to the sale of domiciliary home care servic85 during the year. There are also some other contributory factors, such as the rise in the minimum wage, staff sickness levels, and local authorities have kept the unit cost for all contracted services to a minimum, reduGing the net income margin. During the year, the domiciliary home Ca￿ Servi￿ was sold, so that the Gharity can concentrate on developing the Short Break servi￿ and Residential Gare SeNices. Free reserves at the end of March 2024 were £2,530,600. The trustees aim to maintain free resetves, being residual reserves after allowing for funds tied up in tangible fixed assets, of approximately 9 to 12 months running costs. The free reserves viill also be used to carry out the refurbishment of the above properties and continuously maintain and improve the properties. Once the current properties are up and running Suc￿sSfUlly. the trustees will consider purchasing additional properties, if the. Respite Care and Residential .Care ServI￿S prove to be Suc￿sSfUl. The trust&s would like to take thbs OPFQrtunty to thank the staff. volunteers and Servi￿ users for their hard work and c(Foperation throughout the year. Page 4 Aapna Services Ltd Trustees. Report The annual report was approved by the trustees of the charity on behalf by-. - and signed on its Anu Ahitan Chairman and trustee Page 5 Aapna Services Ltd Independent Auditorfs Report to the Members of Aapna Services Ltd Opinion We have audited the financial statements of Aapna ser￿l￿s Ltd (kne 'charity') for the year ended 31 March 2024, which comprise the Statem8nt of Financial Activities, Balance Sh*t, Statement of Cash Flows. and Notes fo the Financial Ststements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United ￿'ngdorn Generalty A￿pted Accounting Pr8Ctice}. In our opinion the financial statements- give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and expenditure. for the year then have been property prepared in accordance with United Kingdom Generally A￿Pted Accounting Practi￿. and have been prepared in accordan￿ with the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for oplnion We conducted our audit in accordan￿ with International Standards on Audtting (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibil'tlies for the audit of the financial statements section of our reporL We a￿ independent of the charity in accordance wtth the ethical reqU1￿ments that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard. and VR have fvlfilled our.other ethical sponsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions r8latlng to golng concern In auditing the financial ststements. we have conduded that the trustees use of the going CA)n￿rn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material un￿rtaIntieS relating to events or conditions thal individually or collectively, may cast significant doubt on the charity's abilty to continue as a going conGem for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the ￿levant sections of this repo other information The trustees are responsible for the other information. The other infomation comprises the information included in the annual reporl other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infonnation and, ex￿pl to the extent otheNise explicitly statgj in our repor( we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our ￿sponSIbl]Ity is to read the other information and. in doing so, consider whether the other information is materialty inconsistent with the financial statements or our knowledge obtained in the audit or Otherwise appears to be materially misstrated. If we identify such material inconsistencies or apparent material misstaternents, we are required to detemiine whether there is a material misstatement in the financial ststements or a material misstatement of the other information. If. based on the work we have perfonned. we condude that there is a material misstatement of this other information. we are reqUI￿d to report that fact Page 6 Aapna Services Ltd Independent Auditorfs Report to the Members of Aapna Services Ltd We have nothing to report in this regard. Oplnion on other matter prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audiL the infomiation given in the Trustees. Report for the financial year tor which the financial statements are prepared, is consistent with the financial statements" and the Trustees, Report has been prepared in accordance with applicable leg81 requI￿rnents. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audi( we have not identified material misstatements in the TNstees' Report. We have nothing to report in respect of the following matters where the Companies Act 2006 r8quires us to reportto you if, in our opinion: adequate accounting records have not been kepL or retums adequate for our audit have not been received from branches not visited by us" or the financial statements are not in agreement with the accounting records and returns. or rtain disclosures of trustees remuneration specified by la4V are not made. or we have not re￿Ned all the information and 8xplanations we require for our audit the trustees vRre not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic repo Responslbilities of trnstees The trustees are responsible for the preparation of the financial ststements and for b8ing satisfied that they give a true and fair view, and for 5uth intemal control as the trustees determine is necessary to enable the preparation of financial statements that are fr* fr(rn material misstatemenc whether due to fraud or error. In preparing the financial statements, the trustees a￿ responsible for assessing the charity's ability to continue as a going conGem. disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the chaiity or to ￿ase operations, or have no realistic altemative but to do so. Auditor responsibiltties for the audit of the flnancial statements Our objectives are to obtsin reasonable assurance about whether the financial ststements 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 hgh level of assurance, but is not a guarantse that an audit conducted in accordan￿ with ISAS (UK) will ahmays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, 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. Page 7 Aapna Services Ltd Independent Auditorfs Report to the Members of Aapna Services Ltd Irregularlties, including fraud. are Instan￿ of r￿)n-￿mplIance wlth laws and regulations. We. design procedures in line with our responsibilib'es. OLrtlined above, to detect material misstatements in respect of irregularities, including fraud. The extent ta which our pre￿du￿ are capable of detectin9 irregularities, including fraud is detailed below. We gained an understanding of the 18gal and regulatory framewo￿ applicable to. the charity and considered the risks of acts by the charity that are contrdry to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risK ￿¢c￿nIsing that the risk of not detecting a material misstatement due to fraud is hoher than the risk of not detecting one ￿suIting from emr, as fraud may involve deliberate COn￿alment by. for example, forgery or intentional misrepresentations, or through collusion. Based on our understrdnding of the charitable company and the environment in which it operates. we identified that the principal risks of non-complian￿ with laws and regulations related to social care, safeguarding, employmen( health and safety regu￿tionS and charity law.we also considered those laws and regulations that have a dirert impact on the financial statements including, but not limited to. the Charities Act 2011. Companies Act 20C6, Charities (Accounts and Reports Regulations) and the Charities SORP (FRS 102). Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management We also addressed the risk of management override of intemal controls. including evaluating whether there Nvas eviden￿ of bias by the trustees that represented a risk of material misstatement due to fraud. Owing to the inherent limitations of an audit. there is an unavoidable risk that some material misstatements in the financial statements may not be de￿ted. even though the audit is properly planned and performed in accordan￿ with the ISAS (UK). For instan￿. the further removed non Complian￿ is from the events and transactions refiected in the financial statements, the less likety the auditor is to become aware of it or to recognise the non-complian￿. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reportsng Gouncil's website at www.fr&org.ukJauditorsresponsibilities. This description forms part of our auditorfs EporL Page 8 Aapna Services Ltd Independent Auditorfs Report to the Members of Aapna Services Ltd Use of our report 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 char5ty's trustses those matters we are required to stste to them in an auditcrfs report and for no other purpose. To the fullest extent pernittted by law, we do not accept or assume responsibilty to anyone other than the charitsble cJ)mpany and ts trustees as a body. for our audit work, for this repor( or for the opinions we have fomied. Anthony Blueitt BA ACA (Senior Statutory Audttor) For and on behalf of Mr Anthony Blueitt, Statutory Auditor - Iroa 202fj Page 9 Aapna Services Ltd ststement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrtctsd funds Total 2024 Total 2023 Note Income and Endowments from: Charitable activities 1.287.597 1.287,597 2,118,464 Total income 1,287,597 1,287,597 2,118.464 Expenditure on: Charitable activities 993.462 993,462} (1,589,17n Total expenditure (993.462) (993,462) 1,589,177 Net income 294,135 294.135 52g,287 Other recognised gains and losses Other gainsllosses 437,090 437,090 Net movement in funds 731,225 731.225 529.287 R8conciliation of funds Total funds brought forward Total funds carrted forward 16 The fijnds breakdown for 2023 is shown in note 16. 3.305,400 3,305,400 2,776.113 4.036,625 4,036,625 3,305,400 The notes on pages 13 to 24 fonn an integral part of these financial statements. Page 10 Aapna Services Ltd (Registration number: 07139585) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Investments 1,505,865 100 1,530,395 100 10 1,505,965 1,530,495 Current assets Debtors Cash al bank and in hand 11 12 166,072 2,482,696 240,080 1,706,493 2,648,768 1,g46,573 Creditors: Amounts falling due within one year 13 97,316) 109,953) Net current assets 2,551,452 1,836,620 Total assets less current liabilities 4.057,417 3,367,115 Creditors: Amounts falling due after more than one year 14 Net assets 20,792) (61,715 4,036,625 3,305,400 Funds of the charity: Unrestricted income funds Unrestricted funds 4,036,625 3,305,400 Total funds 16 4,036,625 3,305,400 The financial statements on pages 10 to 24 were approved by the trustees, and authorised for issue on .I4.1q￿1Y and signed on their behalf by: Anu Ahitan Chairman and trustee The notes on pages 13 to 24 fomi an integral part of these financial statements. Page 11 Aapna Services Ltd statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operating activiti88 Net cash income 731,225 529,287 Adjustments to cash flows from non4ash itsms Depreciation 44,457 38,795 568,082 775.682 Worklng capital adjustsnents Decrease in debtors {Decrease)fincwse in credito Net cash flows from operating activities 11 13 74,008 (30,853 422.824 40,105 818,837 1.031,011 Cash flows from Snvesting activities Purchase of tangible fixed assets Acquisition of investments in subsidiary undertakings Net cash flows from investing activitie5 (19.92n (342.059> 100) 10 (19.927) (342,159) Cash flows from financing activities Repaym8nt of loans and borrowings Net increase in cash and cash equivalents 13 (22,707 (119,770) 776,203 569,082 Cash and cash equtvalents at 1 April Cash and cash equivalents at 31 March 1,706,493 2.482,696 1.137,411 1,706,493 All of the 12sh flows are derived from continuing operations during the above two periods. The notes on pages 13 to 24 fonn an integral part of these financial statements. Page 12 Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity Status The Charity is limited by guarantse, incorporated in United Kingdom, and consequenty d￿S not have share capital. Each of the twstees is liable to contribute an amount not exceeding £10 towards the assets of the chanty in the event of liquidation. The address of its registered Offi￿ is: Aapna House 31-35 Eastboume Road Middlesbrough TS5 6QN 2 Accounting policies Statement of compliance The financial statements have been prepared in accordan￿ with Accounting and Rep)rting by Charities: Statement of Recommended Practice (appIl￿ble to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102}) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Aapna SerVi￿s Ltd meets the definition of a public beneft entity under FRS 102. Assets and liabilities are initialty recognised at histori￿1 cost or transactton value unl8SS Otherwise stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no materiat uncertainties about the charity's abilty to continue as a going COn￿M nor any significant a￿S of un￿rtainty that affect the carrying value of assets held by th8 charity. Judgements and key sources of 88tirnation uncertainty The preparation of the finanaal ststements requires management to make judgem8nts. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experien￿ arKI other factors, including expectations of future events that are believed to be reasonable under the cirCumstsn￿. There are no significant judgements included in these financial statements. The only relevant estimation used in these financial statements is for depreciation of frxed assets. Page 13 Aapna Servicas Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 Incoming ￿sOUrceS All incoming resources are included in the statement of financial acb'vities when entrtiement has passed to the charity. it is probable that the economic beneffts associated v￿th the transartion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. incorne from donations or grants is recognised when there is eviden￿ of entitlement to the gi receipt is probable and its amount can be measured ￿lIablY. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measures at the fair value of the goods unless this Is impractical to measure reliabty, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilitses and services are recognised in the accounts when re￿iVed rf the value can be reliably measured. No amounts are induded for the contribution of general volunteers. - income from contracts for the supply of ServI￿S is recognised with the delivery of the contracted service. This is classrfied as unrestricted funds unless the￿ is a contractual reqU1￿ment for it to be spent on a particular purpose and retumed rf unspen( in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure inGludes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which tt relates.. expenditure on raising funds indudes the costs of all fundraising activities. events. non-charrtable trading activities. and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its chsritable aims for the benefit of Fts beneficiaries, including those supp)rt costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expendtbjre on charitable actNities. All costs are allocated to expenditure t2tegortes reflecting the U￿ of the resource. Direct costs attributsble to a single activity are allocated directty to that activty. Shared costs are apportioned be￿een the activities they contrfbute to on a reasonable, just(fiable and consistent basis. Support costs Support costs include ￿ntral functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by fioor areas, or per capita, staff costs by the time spent arKJ other o)sts by their usage. Page 14 Aapna Services Ltd Notes to the Financial Statemants for the Year Ended 31 March 2024 Tangible f￿ed assets Tangible assets are initially recorded at cosc and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued arnounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impaiment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. ex￿pt to which it offsets any previous revalualion gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asseL less its residual value, over the useful econornic Itfe of that asset as follows- Asset class Freehold propety Motor vehicles Equipment Depreciation method and rate 20/0 straight line 25% straight line 25Ok straight line Impairment of r￿ed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators extsL INhere the carrying valu8 exceeds the recoverable amoun( the asset is impaired accordirKJly. Prior impairments ar8 also reviewed for possible reversal at each reporting date. For the purpose of impaimient testing, when it is not possible to estimate the recoverable amount of an individual asset an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows th* largely independent of the cash inflovB from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating unts that are expeGted to benefrt from the synergies of the combinats"on, irrespeGtive of whether other assets or liabilrties of the charity are assigned to those units. Business combinations Business combinations are accounted for under the purchase method. Where necessary. adjustments are made to the financial ststements of subsidiaries to bring the accounting policies used into line with those used by the charity. All intra-group transactions, balances, income and expenses are eliminated on consolidation. In accordan￿ with Sectton 35 of FRS 102, Section 19 of FRS 102 has not been applied in these financial statements in respect of business comts'nations effected prior to the date of transition. Page 15 Aapna Servlces Ltd Notss to the Financial Statements for the Year Ended 31 March 2024 Fixed asset investments Fixed asset investments, other than programme related invesknents, are included at market value at the balan￿ sheet date. Realised gains and losses on investments are calculated as the difference belween sales proceeds and their market value at the start of the year, or their subsequent cosL and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial ActivÈbes based on the market value at the year end. Fund accountlng Un￿$trickd funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designatsd funds are unrestricted funds eannarked by the trustees for particular future project or commitrnenl Restricted funds are subjected to restricttons on their expendilure declared by the donor or through the terms of an appeal, and fall into one of Iwo sU￿asseS. restricted income funds or endowment funds. Page 16 Aapna Services Ltd Notes to the Financial Statsments for the Year Ended 31 March 2024 Finan¢ial instruments A financial asset or a financial liabilty is recognised only when the entity becomes a paty to the contractual.provisions of the instrumenL Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless th8 arrangement constitutes a financing transaction, where it IS recognised at the present value of th8 future payments discounted at a market rate of interest for a similar debt instrument. 3 Income from charitable actlvEtles Unrestrfcted funds General Total 2024 T¢)tal 2023 Grants re￿Ivable Other income Direct commissioning Personal budget contracts 7,800 11,336 858.453 410,008 7.800 11,336 858,453 410.008 1.287,597 5,000 2,693 1,376,418 734,353 2.118,464 1,287.597 Included in other gains and losses is £437.090 (2023:£nil) of income from the sale of the domiciliary Ca￿ services during the year. 4 Expendlture on charitsbl8 activitles Unrestrfcted funds General Totsl funds Note Charitable activitses staff costs Governan￿ costs 248.689 730.768 14.005 248,689 730,768 14,005 Totsl for 2024 993.462 993.462 Total for 2023 -51 1.589,177 1,589,177 There are govemance costs of £14.005 (2023 - £17.181) thiich relate directly to charitable activities. 5 Trustees remuneration and expenses No expenses were paid to T.rustees in the year. Page 17 Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 6 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were. Wages and salaries 730,768 1,398,933 The monthty average number of pet50ns (including senior management I leadership tsam) employed by the charity during the year expressed as full time equivalents was as follows: 2024 No 2023 No Office staff Care staff 10 19 103 122 The number of employees whose emolurnents fell within the following bands was: 2023 No £80,001 - £90,000 7 Auditors. remuneration 2024 2023 Other fees to auditord The auditing of accounts of any assoctate of charity All other non-audrt seNices 7,168 7.000 10,181 17,181 7.168 8 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 18 Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 9 Tangible fixed assets Land and buildings Furnlture and equipment Motor vehlcles Total Cost At 1 April 2023 Additions 1,658,697 16,228 50,359 3.699 21,331 1,730,387 19,927 At 31 March 2024 1,674,925 54,058 21,331 1,750,314 Depreciation At 1 April 2023 Charge for the year 134.153 38,928 44,508 5.529 21,331 199,992 44.457 At 31 Marth 2024 173,081 50,037 21,331 244,449 Net book value At 31 March 2024 1.501.844 4.021 1,505.865 At 31 March 2023 1.524.544 5.851 1.530,395 Restriction on title and pledged as security Included above is the company propety at 31-35 Eastbourne Road with a ￿[ryIng value of £767,455 (2023 - £788,229) which has been pledged as secuiity for the company bank loan. Page 19 Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 10 Fixed asset investsnents 2024 2023 Shares in group undertakings and participating interests 100 100 Shares In group undertakings and participating intsrests Subsidlary undertakings Total Cost At 1 April 2023 100 100 At 31 March 2024 100 100 Net book value At 31 March 2024 100 100 At 31 March 2023 100 100 Details of undertakings Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows: Country of incorporation Proportlon of voting rights and shares held 2024 2023 Principal activity Undertaking Holding Subsidiary undertakings Supporting Hands NE Limited Ordinary Shares EngLand & Waes 100% 100°/0 Domant Page 20 Aapna Services Ltd Notes to the Financlal Ststements for the Year Ended 31 March 2024 11 Debtors 2024 2023 Trade debtors Prepayments other debtors 148,668 890 16,514 139.829 10,666 89,585 166.072 240,080 12 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 237 2,482,459 167 1,706.326 1,706.493 2,482.696 13 Creditors: amounts falllng due within one year 2024 2023 Bank loans Trade credttors Other credrtors Accruals 27,207 24,928 20,757 24,424 97.316 8,991 30,257 28,295 42,410 109,953 Included in credttors due within one year and after one year is a bank loan totalling £47.899 {2023= £70,606) which is secured by a frxed charge over the charity's daycare propety and a floating charge over all other assets. q4 Creditors: amounts falling due after one year 2024 2023 Bank loans Due to group undertakings 20,692 100 61.615 100 20,792 61,715 Page 21 Aapna Services Ltd Notss to the Financial Statements for the Year Ended 31 March 2024 15 Obligations under leases and hlre purchase contracts The total value of future minimum lease payments was as follows: 2024 2023 Within one year In two to five years (8.692) (7,032) 15,724 8.692 16,660 25,352 16 Funds Balance at 1 April 2023 Other Balance at Incoming Resourc88 recognised 31 March resources expended gainsl(losses) 2024 Unrestricted funds General 3,305.400 1,287,597 (993,462) 437.090 4,036,625 Balance at 1 Aprll 2022 Incoming resourc88 ResOu￿eS expended Balance at 31 March 2023 Unrestrict8d funds General 2,776,113 1,589,177 3,305,400 Page 22 Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 17 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets 1,505.8F5 100 2,648.768 (97,316) (20,792) 4,036,625 1,505,865 100 2.648,768 (97,316) 20.792 4,036,625 Unrestricted funds General Total funds at 31 March 2023 Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets 1,530,395 100 1,946,573 (109.953} {61.715 1,530.395 100 1,946,573 (109.953) (61.715 3,305.400 3,305.400 18 Analysis of netfunds At 1 April 2023 At 31 March 2024 Cash at bank and in hand 1.706,493 1.706.493 Net debt 1,706,493 Financing cash flows 1,706.493 At 31 March 2023 At 1 April 2022 Cash at bank and in hand Debt due within one year Debt due after more than one year Net debt 1,137,411 {12.￿0) 178.376 569,082 3,009 116,761 1,706,493 (8,991) {61,615) 1,635,887 947,035 688,852 Page 23 Aapna Services Ltd Notss to the Financial Statemants for the Year Ended 31 March 2024 19 Rolated party transactlons There were no related paty transactions in the year. Page 24 Aapna Services Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Char7table activities Grants re￿1vable Direct commissioning Personal budget contracts Other income 7,800 858,453 410.008 11.336 1,287,597 5,000 1,376,418 734,353 2,693 2,118,464 Charitsble activities Agency homecare Lease of motor vehicles (Operating leases) Wages and salaries Staff travel and training Other establishment Insuran Telephone and fax Other office expenses Motor expenses Legal and professional fees Interest on bank loans and bank charges Depreciation of fr￿hold property Depreciation of office equipment Bad debts written off Accountancy fees Legal and professional fees (1.450) (8,529) (1,398,933) (34.857) (2.176) (10,498) (2.396) (43,477) (3,947) (5,555) (9,852) (32,963) (5,832) (11.531) (17.181) (8,706) (730.768) (48,437) (530) (11,459) (5,939) {62,226} (3.436) (58.859) (4.640) (38,928) {5,529) (7,168) 6,837 993,462) (1,589,177) This page does not fom part of the statutory financial statements. 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