COMPANI, RECISTRATION NLfvIBER= 11165S04 CHARITY REGISTRATION NUNIBER= 1180398 Paul's Place (South West) Cornpany Limited by Guarantee Unaudited Financial Stat¢m¢nls 31 March 2024 SLIL c￿ler FCA DChA MakL YOLIT FigurLS Coiint Limiicd Chartered AccounLints 17 Clan Housc S),dncy Road BA2 6N Paul's Plaee Isouth Westl Company Limited by Guaralltee Finan¢ial Statements l'ear ended 31 March 2024 Page .1 rust¢e5' annual Teport lincorporating the dir¢ctQT'5 report) Independent ex￿]nee% rep()rt ti) the tru%tee staleinent i)f finJnLial activities IinLludin8 inci)me and expenditure aLLnunll io Siaiemeni or fitvdncial posilion Siaiemerti ts(L￿h floivs 12 NoiLs to ihl financial siaicmcnis 13 Pxul's Place (South NTr'estl Company Limited by Guarintee Trustets, Artnu*l Rtport Ilntorporatirtg the Diredtsr's Reporti Ye*r ended 31 ￿l￿rth 2024 The trustee& ￿h0 art also the directors for the purposes Ot companN' law, present their rtwrt and Ihe unaudittd tinancial statements ot'the charity tor the N'ear ended 31 March 2024. Referenee and administrative details Registered f harity name l)aul's l?lace Isouth Westl Charity registration number 1180398 Company registration nurrjber 165504 Principal offire and registered ffice S¢rridg¢ l.an¢ Coalpit Heath B536 2rt The trustees CJillian Margaret Sutcliff¢ M()liatned Azeen Har()on IR¢sign¢d 6 ()ctober 21)231 IRe%igned 6 OLtciher 20231 kichard Fackr¢ll KdEherine Jane FrdnLI NiLDle Emtntt Beebee qteveii Terry Hoi¥e115 IR¢sign¢d 6 Ortob¢r 20231 IR¢sign¢d 6 Octob¢r 202.11 IAppointed 6 October 2Q231 IApp()inted 22 Ni)vernber 20231 L(?ui4e l)avne Kewin David Bak"er Chief EKecutive Officer Lynda William.% lrtdtpethde]Jt ex#mithtr Sue CarteT FCA DChA Makc Your Figurcs Couni Limiicd ChJTlered ALL()UnI￿lS 17 Llan Hilus Road Bath BA2 C)N8 Pxul's Place (South NTr'estl Company Limited by Guarintee Trustets, Artnu*l Rtport Ilntorporatirtg the Diredtsr's Report) (iunhnmed) Year ended 31 March 2024 Strueture? governanee and management Paul's Place (South IV¢s11 is a compally liiritcd bj guarantee. iiicorwrated 011 23 January 2018 wid registered a5 a charity on 22 October 2018. The atlairs ot. the charitablt coinpaiiy are governed bv its Anicles of Association amended b), special resolutions dated 27 Jul}, 2018. 30 Deceniber 2019 and 6 October 2023. Meinbtrs ot. the charitable compan>. guarantee to contribute all atnount iiot exceeding £7.50 10 the assets Ot iht chariiable compaiiy iii the evellt ot'wiiiding up. Governing Strueture The dir¢Liors ot.the cornpan>' are its Truste¢s for the purposes ot'charity, la￿ aiid throughoutthis report are collectiv¢lv referred to as the Trustees. The Tru51ee Board Inttts on a quarlerlN basis. The purpose ot'ih¢ Board is lo proi'ide strai¢gic direction. d¢l¢nnine kev policies. exercise accountability and provide oversight of Inaiiagern¢nt in its geiieral operalioll and exercise of prudence aiid care. There ti¥0 Sub Committees ot'tli¢ Board. Finance aiid Inve5tmeiitand Human Re50urce5. Eacli committee includes Trustee5 and other rnembers ot.thc Senior Managemtnt Tearn as appropriate. The Trustees lia￿¢ overall responsibility for the charity bui the daTr to dal. running ot the charity. is delegated to the Lliief F.xecutiv¢ Officer. l.jnda ￿ illiams. Recruitment and appointment of Trustees 'l-he Iloard ot- I wstee5 seek's 10 ¢115ur¢ that the needs of th¢ cliarit), are appropriately retlected in the dI￿tT5]ty of the-l TU5tees. In line with the Aiticles of Association Ilie Iloard ¢onsi5ts of up to I I .1 rust¢es ivho aTeel¢¢led by th¢ m¢rnb¢r.4hip al the Aiinual lieiieral Nleeting wid up to two iiidividuals appoiiited b), the Roard. The Tru5t¢¢5 niav appoint honorary consultants and ob5erv¢r5 Inon-votingl tor 5p¢cific tasks for a period of up to on¢ year. Trustee Induction and Trllining Oli appointment "I'rustees ar¢ provided M'ith copi¢5 of k¢>. governancG strat¢g>' and policy d(Kum¢nts and 5ch¢dul¢d onto .1 wstee'l'rnining Course5 fa¢ililat¢d b). VOSCUR or South (ilouc¢stershir¢ CVS. Public Benefit li¢-I w4tees coiifiTm that they liave cotnplied ￿ltI7 the duty. iii 5¢Ctioii 4 of the C.haTlties Act 2006 to liave du¢ r¢gard to the public benetit guidance published by tli¢ C.'liarity. Coninii5sion in deterniining the activities und¢i1ak¢n the charity. Risk Management 'l-h¢'l rust¢¢s haN'¢ a dul}. to idtntiti, and r¢i'i¢iv th¢ risks that th¢ charitN- 15 ¢xpos¢d to and to ¢n5ur¢ tliat appropriate contro15 ur¢ in place lo provid¢ r¢&4onabl¢ aSsu￿1¢e agaiiisl frau(l. ¢rror and other risk4 that i¥ould briiig the charitTr inti) disrepute. A ri%k regi4ler 1% indintained is reviewed dt Bu￿d tneetings N4'iih the Tru%lee% Lunfirtnin¥ that the LUtilrul% in pldLe to mitig(Ite th¢ ri5k4 &8 far possiblt. Pxul's Place (South NTr'estl Company Limited by Guarintee Trustets, Artnu*l Rtport Ilntorporatirtg the Diredtsr's Reptsrtl (iunhnmed) Year ended 31 March 2024 Objeetives activities Paul's Place object& ￿ set out in tlie Articles of Association are.. To reliei'e the needs of adults ￿'1th ph>'sical, cognitive aiid sensory impairments aiid tlieir Care￿ iii particular. but not excliisii'¢l*, b>. the provisioll Ot'educaiion, lit'e-skills, sports. social and recreaiional Activiiies, accommodatioii: iogeiher w'ith practical SLJPPOrt and adbice. To meet these objects Paul's Place proTrides a raiige ot'support services. Our main ser%'ice Paul's Place Dail} Is the proi'ision ot da}, care that helps suppon local gobernment in th¢ provision of da} care ￿hICh is a 5tatutoTh' dut},. This daN care is funded bv local authorin. or health contract5 or spot purchase. dir¢ct payments or those individuall), fundillg. Our projects and services which include.. Paul's Place Daily- runs MondaTr to Friday I IOani-4pml t11rou￿Oul the y¢ar. B￿¢d in Coalpit Hea]th Soutli Gloucestershire, 14r¢ pro￿ld¢ a prograrnme of daily actii'ities that support adults ivith phvsical, Cogniti￿e, and sensoTr impairments. Paul's Place Social - is our popular ei'¢iiing prograillille. Tliroughout the vear fortnightly nigJ]ts oui, including trips to th¢ pub& restaurants, ciiiema, tli¢atr¢. aiid bowling to name a f¢w. Paul's Plaee Short Breaks- Ive offer our service user5 tlie opportuninj for 5 days short break holidavs throughout the year in June and September. Paul's Place ￿)e¢l0- our R(Kcia team5 are ruli b), dI￿bled people. i¥itli die sUPPOrt ot Paul's Pl￿¢ statl. We take our love ot th¢ 5POrt iiito schools aiid coll¢ge5 and teach students hoil to play. Paul's Place c.arers- Iv¢ off¢r car¢r5 th¢ spac¢ to mak¢ conii¢ctions with others. g¢t 5upporL &5 i*¢11 a5 50tne'tim¢ out, trom aring r¢5poiisibiliti¢s. W¢ off¢r ¢ar¢r5 a range of a¢tiviti¢s throughout the y¢UT. including day5 Out and an annual 5 days car¢r5 holidav. Our vision l)ur vision 15 a ￿.￿r1d that embraces disabilitv and includes ¢ver>'on¢. eiisuring that all p¢opl¢ un lil'¢ their lif¢ to the t'ull. We achiti'e thi5 N'15ion by making it our missioii to enhwice tht live5 of physicallTr disabled adults, and those ivith cogiiitive and Sensory itnpairm¢nL 5UPPOrting thern to live lif¢ to th¢ full. W¢ do thi5 throu￿ projects and activities that.. provide social aciiviti¢s that connect people, build friendships. and reduce loiieliness and isolation. ellcouragt people to devtlop new skills and achieve illdeptndellce. develop opportuniiies for people 10 improve Iheir healih and wellbeing. Our values are iinportant to Us. and we ask everyone at Paul's Place to'live out, these values.. Jnelusive- we are inclusive and include evervont reco￿lS111g that no ￿.0 people are tlie 5anie. We celebrate and Promote the diversit), ot'ev¢ry'oiie. Encouraging- we are encouraging alld promote llew opportunities and experiences that take people out ot'th¢ir comtort ZOll¢. Empowering- we are empom'ering and beliei'e that everyone ha5 th¢ Tight of 'choic¢ aiid control, wh¢n it come5 to their own Caring- we are CaTing in ever!Iliing tliat w¢ do and ensure that ¢v¢ryone is treated with dignity and respect. Friendly- ￿¢ are friendly iwitli ¢Treryon¢ and strive to ensuTC that there is an el¢rn¢nt of tun in all that we do. Pxul's Place (South NTr'estl Company Limited by Guarintee Trustets, Artnu*l Rtport Ilntorporatirtg the Diredtsr's Report) (iunhnmed) Year ended 31 March 2024 Achievements and performance Over tlic last Nelve Inoiit115 Paul'5 Place has Colitinued to make a liuge impact ￿1th1n tlie da>. facility.. ￿h1]st preparing to move to Sliire Il'ay. Yate. Mle have had soiiie clianges in our stati. ttaiii ￿tIc0n71ng a iiew. Fiiianee Manager Melinda Marlon. Fundrdising and Coiiiinuiiication Nfanager- Ka}'leN 11.'alltr. Coiiiniunications Otticer - Dai'id Sully. and ts4'0 nem. Support Workers.. CoiirtneN Harrison and Niall Millar, also welcomiiig Ltalliie Stowell into a lleil. rol¢ as ntiv Fiii&nce. Monitoring and EvalLJation5 Oftic¢r. We Colltinued to otler our Short Break holidaNs, Ivhich are a i.ital part ot'our service eiisuring that our Ineint¢rs have holidal's vith their t'riends. This also enables their carers to hai'e time for th¢ins¢li.¢s to recharge and takt tiin¢ without an), caring responsibilities. We took ou1.membe￿ &￿'al. twice to Sinah Warren at Havling Island in June and in Sept¢inb¢i'. Our day tacility reinained open tor those who didn't go on holiday. Our da>. trips Iliroughout the year continue to be populari¥itli our members.'I'h¢se included trip5 011 IVilIo￿ 'l'rust boat. i'isiting T￿l¢kenhaM to watcli rugb>', Nl-5hed. Swindoii Raili¥ay Museum. 11 iiidmill Cit>. Farni, Warmle) Wheelers and Briglitiiell Physio io rnention a feiw. W¢ proi'ided 93 Sessions of Boccia at Yate Acti￿¢ Leisure C'.¢iitre whicli led tlie Boccia team to pla>. two t￿rn5 ot-three iii the Sup¢r l.eagu¢ Iihe5¢ are 2.da>' w¢¢k'end comp¢titionsl. Another great year for 14occia. Paul's Place social program ￿h1¢h take5 place in the eveiiing5 con51Stently attracts between eighi and fitieen members eiiening ivith I411Q aiid Ilowling being esp¢ciallN popular. Along iiiili this H'e hai'e introduced ChaiT Pilates. w'hich lake5 place once a ￿tek in tlie t)a! facilit>. and helps lo Iniprove OUT members, niobilit>' aiid titness. We have enabled our Membe￿ to attend ph>sioth¢rapy 5e55ioiis at the Brightm'ell Centre, iiiiproi'ing liealth and mobility. W¢ hai'¢ coiitinued our partn¢r.4hip with tlie LlniTr¢rsity of West of Fngl￿ld, f¢icililating pl￿et￿¢￿t$ for tlieir 4tud¢nts lo rotn¢ iiito our da} facilit). and pro￿ld¢ mu51c therapy as their plac¢ill¢nts. W¢ i¥¢r¢ able to offer this lo 16 M¢inb¢rs in this financial year. In our L￿tr5 pri)jeLI. 'There til CJre' tiur Larer% meeE one Jn()ther fdLe ti) faLe and i¥e provide ￿e￿￿[al Larer% out. Ihe%e iiiclude trips Qut lo luncli. garden ceiitres. boat tl-IP5 and pamper days. I h¢}. also M'ent on a 5Jay I".arers liolida}' to I lomelaTh' Warn¢r5 R¢sort.-I'his serwice 15 currentl>. fuiided b>. South Cilouct5t¢rshire Louncil. aiid untortunately i¥ill cease in Junt 2024 due to pressure on funding. Pxul's Place (South NTr'estl Company Limited by Guarintee Trustets, Artnu*l Rtport Ilntorporatirtg the Diredtsr's Report) (iunhnmed) Year ended 31 March 2024 Achievements and performance (tvM1inH*￿j Our year in numbers: Day Care Nlimber of members supported 2023124 28 per day Nujnber of members leaving ihe servic£ NLJmber ot'sessions proi'ided 246 SociaLs Nuniber of 50cials provided Number of panicipants attendiiig 159 Day trip5 Nuniber ot day trip5 Nutnber of attendees 25 176 Short Break Holiday Nutnber of %h(irt bTeJk h()lidays Nutnber lif fflefflber% dttendin 16 There-t￿Care Numbcr of carLYs supwrtLd io Sports Session5 and Competitions Numbcr of sporling scssions (Pilatcs. Physio, S￿'iMMing & Gym) 261 Number of Bocci8 training sessions 93 Numbcr of Boccia Evcrtis ILomp-Iiiionsl C(kntribution of Volunteers Our Volunteer Coordinaior has fociistd on recruiting and Iraining new volunieers and has mainthined our s}'stems for tnanaging our ￿￿luntLL[s. NuinbLr ofcoTporatc VoluniLtrs NumbLr ofcorporaiL organisaiion s ToLal hours contribulion b) CorporaiL VoluntCCTS Nuiiiher of M'eeklTr Trolunleers 75 361 I i?tal hour5 contrihutii)n of w¢¢kly volunt¢¢rs Ai'¢rag¢ w¢¢kl}' liours contribution of w¢¢klTr volunt¢¢rs 54 University West of England Plieements Number of studenis on placemeni Nuinher ()f rnusiL therapy %e%%ions deliNered Nuinb¢r of rnernb¢D Teceiving tnusic th¢rapv 16 Paul's Plaee (South Westl Compally Limited by Guarantee Trustees, Annual Report {Incorporating the Direetor'5 Report) (iunlinmedj Year ended 31 ￿larCh 2024 Achievements and performance (tvM¢iiw￿) We recruited a fundraisillg Manager aloiig with a Coniilluiiicalions Otricer iii tliis Nur. Tlie tirst element ￿.￿$ to put in plac¢ a tundrai5ing strate￿. wliicli ¢iiabl¢d a more focused approacli to all areas of tundraising. We organi5¢d and twk parr in a lluinbeT ot fundraisiiig ¢v¢nts and appli¢d for Several srnall grants lo raise funds for our 50¢ial. dav trips. 5POrting and oilier dailv ultivities whiLli are %0 preciou8 flir our metnbers. We raised £20.361 iii grants and £19.239 dirvugh cotntnunitj fundraising, iiicluding £9,286 frorn fundraising ¢Nents. 14.iih th¢ remaining rai%¢d t'rorn th¢ clothing banks w¢ hai.¢ sited and collectioiis tins 4'hicli ar¢ Ii)¢at¢d in l(Ical %liop8 and donations and hN' coininunitr groups. 1)art of tlie fundrai%ing strale&N 15 to ¢inpli)Tr a dediLated Tru4t and Cjrant Fundrai.4er i4liiLh ￿'t intend li) d() in the next fIn￿LIa1 ￿'ear. Thi% will enahle u% tci increa4e ()ur iiicome trom Grants to support our aclivi11¢s and trips aiid also to tund our capital project r¢furbishing bhir¢ Nlay to cr¢al¢ our ne￿. hi)rne. l)aul's PlaLt Hub. W¢ continued to i*ork oil In¢￿asIng our fundrai5iiig incoin¢ by 110sting ¢N'¢nls and ¢iicouraging wmmunit}' group5 and other 4upp()rter% l() raise fund% ()n ciur belialf. We reLeiN'ed diinati()n4 fri)m Daz R()ck% Fc)r eharitr-. Franipli)n C()tlerell NfurnmeT Cir()up. D()wneiid Ruund Table. Ydte Knilling Cill)up. Kingswiiud Cha%e Chdpter. DireLI Line Cit()up and Duivnend Knit Nailer Group JLISI ta name a few. Il'e were the ntsminaiL'd Lharili, for Ihis Vedr's Souih GlaucestershirL show, and we hosied ￿e￿e[al Ll)mmunilv fundrJi%in¥ eNent4. 4ULh É)ur Ea%ter dnd Cliii4lRia% Raffle, dnd i)ur very pi)pular Medium4hip Ni¥hi V¥iih Bernie 8LI)It. Our Ci)rpurdte Fundrdi%in¥ dLtivilies generdted ￿ inLUtne uf £1.941. huwei'er. this doesn't refleLt the tirne lucdl ndtll)lldl LOMp￿leS gave in N'olurtieering hours. Th¥ guppurled geweral of our prujeLls Ihrough Ihe vear. ALD Auttsmoiil'e gal'e us a donation 10 purLhasc a gas grill BBQ and frLL USL onL of thLir adapicd minibusLS 10 SLip￿rI our trips. WL also rLLcivcd a donation from Ihl Crcmaioria Managcmcni and CounN Coniraciors to￿,ardS our ¢or¥ activiiics. WL oncc again bLncfillcd from ILgacN' funds, rLYcI￿Ld throiigh PaLII's Placc unincorporaicd chariis,. ioial ihc valuL of £10.263. Financial re%'iew The end of the year financial rosiiion resiilied in a surplus. Thtre M'ere a number of areas contribuiing to this including acancies across ihe organisaiion and Ihe iirne it lakes to recruii. A full cost analysis revi¢￿-. ￿-.aS carried oui for ihe dai. facility and new increased daN rates ￿'¢re agreed ￿,hICh also contributed lo the increase. The unrestricted surplus Ot'£16,821 has bttn achieved aftercharging an txceptional d¢pr¢ciation charge of £149,201 in respect of our current long lusehold premises. We aiiticipat¢ purcha5iiig in S¢pt¢mb¢r 2U24 long l¢a5ehold p￿rnist5 at Shir¢ Wa}. C.¢ntre, at ivliich time a d¢ed of surrender i4.-ill be signed on our current long leasehold pr¢inis¢s. and ￿.hICh provides a rn¥¢li'¢ Inonth notice period. As a result of thi5 eTr¢lll. tlie length of the current long l¢a5ehold asset's Useful econoillic lite is r¢duccd to tlie date ot surr¢nd¢r. narnelN S¢pternb¢r 2025. and th¢ ii¢l b(x)k valu¢ of diis ass¢t on l April 2023 of £219,336 15 b¢ing d¢pr¢cialed over this period. Paul's Plaee (South Westl Compally Limited by Guarantee Trustees, Annual Report {Incorporating the Direetor'5 Report} (iunlinmedj Year ended 31 ￿larCh 2024 Reserves Poliey Paul's Place Isouth Illestl unrestricted reser￿e$ r¢pr¢5ent the tundsthat ar¢ freelN available to spend. arising froin pastoperating rtsult& Itgacies and doiiations. Restricted tunds fall outside the definition of reserves as these ar¢ fund5 that are gI￿.en to Paul's Place (South We5tl for a specific purpose and as such are not to be used fr¢¢ly. Paul's Place Igouth W¢511 ￿117 ini'est its reserves appropriately iii ol'der to maintaiii current or futu￿ l¢v¢ls of incoin¢ and prot¢dion of capital. I'h¢ I rustets airn to tnaiiitain fr¢¢ reser￿¢5 in unrestricted fund5 at a l¢Tr¢l which ¢quat¢s lo approxirnat¢lv four tnonihs of unre4lriLted Lharilable expenditure. Th¢ Trustees con4ider that this leTr¢l N4'ill proTride ¢n()ugh tunds t(1 re4p(Ind to applications for grnnt5 and oih¢r incoin¢ and to ¢nsur¢ that SUPPOrt aiid goi'¢rnaiice costs ar¢ cover¢d. Al the year end the Lllarit￿. held re%erNe% atni)unting Ii) £1.891.212 12a23 £1.887.3361 of ivhich £63,455 12023 £76,4001 'ere re%lriLled £1.827.75712Q?3 £1,810.93(Il M'ere unre%lriLled. £1.174.000 ()f unrestriLted fund% ha% heen de%ignated ti) tneel the Li).4t ()f 4eLuring the le&%e un the Shire Way Centre l()8ether 'ith Ihe LO%ts uf Ihe prupi)%ed refurbishn)enl wurk. In ddditii)n, a Lapitdl fund Df £383,592 12023 £543.9221 ha% been de%ignaled, representin¥ the net buok N'alue i)f the charilv'g fixed asseis whiLh are (unded urtregiriLied funds. These TeseTves ate onl), alailable for use when agseis ate sold. The rLmaining unrcstriciLd fiinds of £?70,165 12023 £367,014) arc frLxly availablc and rcflLYt Ihc trusiccs, policv 10 hold suITiciLni frLL rtscrvcs 10 LOVLr ai ILas1 foLir monihs runnirtg Costs. The Resern'es Polie}' is reN1t￿,Cd in line with oihtr ￿li¢jeS bl. Ihe Board of Trusiees. Investment Poliey We aim to gtiierate susiainablt rtiums thai alloi4' us to achiebe our cliariiable objectivts whilt proteciing iht capiial baliit of our ini1¢5tintnts. All t'LJnds surplus to short-terin working capital needs are placed invtsled. We sttk. to achiei'e our inTrestrnent goals t11rou￿ a mix of inTrestinents haTring a dii'¢rsiffied portfolio of ini'estments that suit our n¢¢ds. Over the last veari4".¢ rei'itwed ho￿, we rnanage our inTrestment5, this resulted in a new account to ¢nsurt that our cash r¢s¢r%'¢s are reluming the best possible illl¢r¢st aTrailabl¢. Thi5 account alloM'5 US to ¢llsure that our casli works tor us as it allows a 48- hour ￿li]idraI￿a7 witliout p¢nalti¢s. Our iiiain iiivestineiit portfolio is w'ith C'.anaccord Oenuitv and is managed on our behalt bv Oculus Wealth. We mttt Oculus Wealth eveTr' Six Inonths to ensure that the ponfolio is still rel¢Trant to our needs. We haTr¢ casli fuiid5 ai'ailabl¢ to start our capital project (Shir¢ Il'a}'l and we ar¢ planning to r¢alis¢ the capital invested in prop¢rtN to enablt us to ¢ontinu¢ financing th¢ refurbishment of our n¢i¥ horn¢.-I lie inv¢sttn¢nt portfolio i¥ill b¢ r¢l¢iin¢d alb¢it reduced to alloiw th¢ mo￿¢ to new pr¢mi5¢5 and gro￿th of the charity in th¢ longeT t¢nn. RemuneratiOTJ policy All ¢mploNe¢ Temuneration is d¢¢id¢ on b}" the IloaTd of .1 rust¢¢s as part of the annual budget for¢¢￿ting prograni. I'hi5 IS ￿Lhle￿ed external bencliniarkiiig again%t ()Ilier %iniilar rcile% witliin the gei)grapliiLal area we iiperate. Thi% en4ures Ilial Ilie B()ard able l() ulTer ietnunerdtii)n. whiLh 1% Luinpelilil'e. fair dnd inLrea%e% in line with the IuLaliti field we ￿'i)rk we perdie within. This is all subject 10 the financidl hedlih ofthe chaiitv. Ihe Lharil). alsti aims 10 offer a siandaTd Cos1 ofLiving inLrea4e edLh vear. Paul's Plaee (South Westl Compally Limited by Guarantee Trustees, Annual Report {Incorporating the Direetor'5 Report} (ionhnmed) Year ended 31 ￿larCh 2024 Going Coneern The trus1¢¢5 are assured IhaTr¢ a reasonable exp¢ctationl that the charitable companN' has adequate r¢50urc¢s to continue iii operational txist¢nc¢ tor Ilit foreseeable tuturt. For this reason, the? continue to adopt the going concern basis iii preparing the financial stateinents. further details regarding the adoption of th¢ going concern basis can be tound in our policies. Plans for future periods Unfortunat¢l}i N4'e ¢xpeTi¢iiced 50rn¢ dela1'5 in negotiatiiigtlie l¢as¢ forour new liome al the Shire Way Centr¢ butare confident tliat ￿¢ will cornplete on the lease and surr¢iider our cU￿¢￿t lew in 2024125. Shire Wai n¢¢ds a tnassiTr¢ wnounl of work b¢for¢ ￿.¢ are able to (KCUPV it. and this r¢fui'bishm¢nt will lake place iii ¢h¢ iiext financial vear. .1 h¢ de%igiial¢d funds set a5id¢ will s¢cure the l¢as¢ and go toward.4 the returbisliiiieiil work I lOw¢￿er, IN't do reL()gni4e that it will lake Ini)re tlian ()ur de%ignated fund4 1() Ll)mplete the wh()le pr(ijeLt. Thi% [ne￿i% that i%'e will have l() pri()iiti%e Lertain dred5 ()r the refurbi%htnent to en%ure Ihdt we able til ()perale uur %erviLe% fr()tn das. une. Our Fundrdi4ing teatn i¥ill he i*orking hard to u¢¢¢$4 grant und corporal¢ opp(irtuniti¢s til h¢lp us ciimplel¢ our project. Stnxll compxn) provisions Thi5 iepurt been prepdred in dLLuld￿Le with the PTuvisiun5 appliLdble tLI Lump￿leS entitled tu the smdll Lutnpanies exernptiort. The Irusiccs, annual rcport was approvcd on IrustiLS by.. 28th August 2024 and signcd on ￿.half of ihL board of Stti'en TeriTr' 110￿¢115 'l-rustee Pxul's Place (South NTr'estl Company Limited by Guarintee Ithdepethdent Examirttr's Report to tht Trustets of P*ul's Platt Isouth Westi Ye*r ended 31 ￿l￿rth 2024 I report io the irubttts on mv txamination of the tinallcial stattmtnis of Paul's Place (Soutli Wtstl I'the charity'l tor tlie Near ended 31 March 2024. Responsibilities and basis of report As the irustees ot'the company land also its directors for ihe piirpose5 Ot'compally laiwl >'ou are responsible tor the preparation of the financial statements in accordance iwith the requirements of the Companies Act 20061'the 2006 Act-l. Ha￿ill8 saiistied msselt'that the account5 Ot'the coinpaii}' are not requirtd to bc aLJdited under Part 16 ot.the 2006 Aci aiid are eligible for ind¢peiident examinatioii. T report in respect of m} exainination ottli¢ charit}, 5accountsas carri¢d out uiider sectioii 145 of tlie Lharit1¢5 Act 2(11 I I'the 201 l Act-l. In cartwing out m) eiainination I have tollowed the Dir¢ctions gii'¢n b>. the C.hariry Commission under section 14515llbl ot'the 2011 Act. Independent examiner'5 Statement Since the chariprf s gross income exceeded £250,000 joiir examiiier Must be & member ot" a bod) listed in section 14.1 ot. the 201 l Act. I continll that l am qualiti¢d to underrake the exainination because l am a In¢illb¢r ot. lh¢ Insiitute of Chart¢r¢d Accountants in England aiid 11.'al¢s IILAEIVI, I4,hich is oli¢ of the listed I￿1dleS. I hai'e coinpleted my ekainillation. T confirin that no rnatte￿ have come to In>. attention in connection with the exarnination giving me cause to believe.. accouiiting r¢cords ￿¢re iiot kept iii rsp¢ct of th¢ Cliarity a5 requir¢d b}. section 386 of the 2006 Act.. QT the tinancial statenients do not accord with those records. or the financial statetn¢nts do not conipli. with th¢ accounting requiremenis of section 396 of th¢ 2(106 Act other than ani. rtquir¢mtnt that th¢ accounts give a 'tru¢ and fair, vi¢1* ￿'hiCh is not a matter consid¢r¢d as part of an independent examiiialion.. or th¢ financial 8tatenienL8 have not been prepared in accordance with the inethnds and PTinciple8 of th¢ 8tat¢m¢nt )[ ReLomtnended PrdLtILe for aLLiiuntiiig and rep()rting h)- Lliarilie% appliLahlettl LI1￿llieS Prep￿ing their aLLount in accoi)Janc¢ with tlie Finwicial R¢porting blwidard applicabl¢ iii Ili¢ UK wid Republic ot. Irtlaiid (FR% 1021. I huve no conc¢nis and haN'¢ comt across no oth¢r tnatters in conn¢ction ivith th¢ examination to which attention should b¢ dra￿.￿ iii this rep(irt in order to enable a pr(Iper Underst￿ding (If the ￿COUnt$ t' liirited bi- guaraiil¢¢, registered ill Eiigland and Wales and a registered charit! in England and Wales. The address Ot'tht rtgistered otlice is Serridg¢ Lane. Coalpil Heath. Bristol, BS36 2TT. Statement of compliance -lkn¢s¢ tinaiicial s¢atern¢nt5 hai'e b¢¢ii prepared in coinplianc¢ ivith F'RS 102, -1'h¢ Financial Reporting Standard applicable in th¢ LIK and the R¢public of Ir¢lwid'. th¢ Siat¢rn¢nt of R¢coinin¢nd¢d Practice applicable to charitle5 preparing their JCL(iunls in aLL()i-danLe willi the FinanLial Reportin¥ Standard applicable in the Ilk and R¢publiL of Ireland IFRS I V21 IChariti¢s SORP IFRS 10211 and th¢ Companies Act 21KJ6. Accounting policies Basis of preparlltLOII The finanLial SVdletnenl% hal'e been prepared un Ihe hi%ioriLal Ll)%i b￿1%. a% mi)dified by the revdluaiion i)r Lerlalrt rinancial ￿1$ and liabiliiiLS and invtsimLnt proptrtics Mi￿￿[Ld ai lair ialuc Ihrough ineomL or Lxpcndiiurc. The finonLial siaiemenis are prepared irt sierling, which is Ihe functional LurrenLy of Ihe ertlity, artd ihe figuTes are roundLd 10 IhL nLarcs1 £1. Going tonter There are no maierial uneenaintits about the charitj's ability, ro continue. Judgements and key sources of estimation uneertainty The preparaiion of iht tinancial siaiemenis requires managtmeni io make judgtmtnis, tsiirnatts and assiiinpiiolls ihai aftecl the amounts reported. These e5tiillate5 and judgeinents are conlinLJall!' rtbi•4-.¢d and are based oli experience and oih¢r factor& including eApectations of tuture ¢Trents that art beli¢￿ed to be reasoiiable under the circumstances. Fund aeeounting Unr¢stric¢¢d fuiid5 ar¢ availabl¢ for us¢ at th¢ discretioii of the trust¢¢s to further an), of th¢ cliarity.'s purpose5. D¢5ignat¢d fulld5 are unrestricied tunds eanllarked b), the tru5t¢¢5 for particular future project or coillmiitn¢nt. R¢stricl¢d funds ar¢ subjected to r¢stri¢lions on their eX￿ndItUre d¢clar¢d by the donoi'orthrougli the term5 of wi appeal. Incoming resources that Ilie ¢conomic b¢nefits associated N4'ith the tran￿￿tion i¥ill flow to the ¢harih' and th¢ ami)uiit can bt reliabl> tnea4ured. Tlie f()IlciiN'Iti8 4peLific pDIiLie4 are applied ti) particular categorie% i)f inL()Ine.' inLome from donaiitsns 01 granls is reLognised when Ihere is evidence ofenliilement 10 the gift, Teceipi ig probable and it4 ￿()unt L￿1 be tnea4ured relidhl}'. ILgaL) inLomc is rLLogniscd ￿'hL￿ fLeLiPi is probablc and cniiilttntni is LsiablishLd. 13 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 Accounting polieies IconfiMu¢d) Incoming resources (¢orttlwied) Incoin¢ from l)aN Facilitv. Social. Short Ilreaksand oth¢rs¢rvi¢e5and piojtct5 is T¢cognis¢d i*li¢n Ilie s¢rvi¢¢ orproject has b¢¢n deli￿¢[¢(1 Any funding r¢ceiN'¢d in adNan¢¢ 14 C￿led forward and h¢l(l as defen.ed inLQtne until the.4¢rvice QT pr()jeLI lia% taken plaLe. Di)iialed facilitie% and %erviLe% are recD8ni%ed in the ￿count% i*lien receiNed if the walue Laii be reliabl). mea%ured. N dtnount is inLluded in the rj￿￿cId1 stalenienls fur wulunteer titne in line with the SORP (FR% 1021. CJ()verninent grdnt% are reL()gni%ed al the fair value lif Ilie a%%el reLeived c)r reLeivable. CTfdnL% are IiÉ)I reLI)¥ni%ed iinlil Ihete is re￿u￿￿bIe d%%iiranLe Ihal Ihe LuinpdnN will Li)mpl> wilh Ihe LundiLiI)ll% alldLhing lu them Ihe gran1% will be rtccivcd. Where Ihe grnni does noi imwse specified future perftsrmanLe-relaied condilitsns on Ihe reLipieni, il is reLognised in inLomc ￿'hert Ihc grant procLLds arL fLLcivcd or rLcciNablc. WhLrL thL grani docs imposc spccifiLd fLIILifL PLrformancL- rclaiLd conditions on IhL rccipicni. li is rLYognisLd in incomc onli whLn Ihi pcrf0rmancc-rclatk￿ condiiions havc bccn mti. Whtre granis receiTred art prior to saiisfying ihe reNenue recogniiion criieria. Ihei. are recognistd as a liability. Debtors Trade and oiher debiors M'ith no sraitd initresi rate and due within ont vear are rteorded ai ihe amouni of iht cash or oiher considtraiion exptcttd io be receii'ed. PrepaNinents are i'alued at the amouni paid. Resourees expended Expellditure is recognised on an accruals basis as a liability, is inCU￿¢d. Expenditure includes an), VAT iwhich cannot be fullN recovered, and 15 cla55ified und¢r liudings of the statemeni of financial ￿tiVitIeS to wliich it relat¢s'. .xp¢ndilur¢ oil rnising fund5 compTlS¢ th¢ ¢o5ts associated with attractiiig voluntaTh' incon1¢ and th¢ cost5 of fundraising activities. ¢xpeiiditur¢ oil cli¢iritabl¢ adiTrili¢4 iniludes all cost5 incurred by a ¢harils' in uiidertaking activities Ilial furtlier it5 charitable aiiiis for th¢ b¢nefit ot it5 beneticiai'itk including ¢hos¢ support cost5 and costs i-¢lating to the goi'¢iYaiice of the charity apportion¢d to ¢haTitabl¢ activiti¢s. Liabilities Liabilitie% are rec()gni%ed when there ]% an i)hligali()n at the halance theet dale a re4ult i)f a p&%t eNent. it 14 pri)hahle that d tfdnsfer uf eLunurniL benefit will be required in settlement. dnd the ￿l)Unt uf the 5etilefflent Lan be eslimdted reliablN. Liabililies are reeognised ai Ihe atnuunl thai Ihe Lhalil￿ anliLiPaleS il will pav 10 setile Ihe debi or Ihe atnounl il ha received adv￿Ced pa}'InenL4 fur the g(l()d￿ or 4eTr'ice% it must pri)vide. Optrxtithg leases Lease pavtnenl% are reLugni%ed expense i)ver Ihe lea%e ierm i)n a Slraighi-line bosis. Tlie aggregaie benefii ofleage Inccrtli￿Ls is rtcognisL￿ a rcduciion 10 tXPLnsL OVLY Ihc Icasc Icmi, on a sitaight-linL basis. 14 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 Accounting polieies (confiMu¢d) Tangible as5et5 l angible assets ar¢ iiiitiallN r¢cord¢d at cost. aiid 5ubs¢quentlv 5tat¢d at cost 1¢55 aiiN' accuinulattd d¢pr¢ciation wid iinpairment l(1s8¢s. Any tangible a%sels L￿Tled at r¢N'alu¢d ainounls r¢¢iir(l¢d al the fairTralue at die dal¢ (If revaluation l¢ss aiiN' sub5tqu¢iit accumulal¢d depreciation aiid subs¢qu¢nl accurnulat¢d itnpairm¢nt1055e5. Depreciatio D¢preciatiDn 1.4 calculated so as lo M'rite off the cost or voluation of an a55¢t, 1¢55 Its residual valu¢, ov¢r tli¢ us¢ful eLI)ni)niiL life i)f that ak4et fDII()ws'. Flcihold propLrt) Long ILaschold prop-yty Fixlures and filtings Moior NchiclL To Ihc LXPLCILd monih of surrcndcr of ihc Ith￿, Scpicmbcr 2025 20010 SIFaighi linL Investments LI￿ed ini'esiments are measured ai fair i'alue with ehanges in fair i'alue bting recognised in profit or loss. Finaneial instruments A financial asset or a financial liabilitv is recognised onl). when the chariiTr becomes a part}, to the contraciual provisions of the instrument. B￿1£ financial instruments are initially reCo￿lSed al th¢ arnount receivable or payable including an! r¢lai¢d transaction costs. Current as5¢t5 and current liabilitle5 are subs¢quentl} In¢asur¢d at the ¢￿h or other consid¢rntion exp¢cted to be paid or r¢¢eiv¢d and not discount¢d. Defined contribution plans Ci)iitTibuti()n4 11) defined c()ntrihiiliiin plan4 are reLI)giii%ed an expense in the period in N4'hich tlie related %er%'ice i provid¢d. Pr¢paid contributlOll5 ar¢ rewgnised as an a55et to the ¢xt¢nt dia¢ di¢ pr¢pavtn¢nt will lead to a reduction in future p&￿'t￿entS Dr a Lash r¢fund. Limited by guirxJ]ttt The Lun1p￿￿ is d Ll)tnpani' IiTnited bv guarantee and the tnetnber% uf the LÉ)tnp8nv the Trustee5. In the eTrenl uf the Lompanl being wound LIP. Ihe lidbilit}' in respeLI ofihe guaraniee is limiied 10 £7.50 per rnember o( Ihe companv. Donit10115 xrjd legicits Unrcsiricicd Fiinds Rcsiricicd Funds TotAI Funds 2024 G￿rren*Year Don*iions Donaiions 44,969 ,234 46,203 Gr*nts Grants recei￿abIt 1,000 19,361 20,361 45,969 20,595 66,564 15 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 Donations and legaches (¢&ntiMued) ResliiLled FLind Total Fundg 2023 Funds Prini'yEL7r Don*tioths Donaiions 58.522 5,876 64,398 Grants Granis rc£Livablc 2,398 25,481 27,879 60,920 31,357 92,277 Charitable actii'itie5 UnreslriLied Fiinds Resiricied FLinds Total Funds 2024 c￿rrEntyEar Dai CarL Facilil). Social Housing incomc Short breakOrespirt income Mcmbirship Soiith Glos Di&)bility Equalii}, Nciwork 670.081 6,487 18,791 342 670,081 6,487 18,791 342 4,051 4,051 695,701 4.051 699,752 Unrcsiricicd Funds Rcsiricicd FLind Total FLinds 2023 Prioi'}EL7r CarL Faciliiy Social Housing incomt Shorl brcakOrLSPitc incomL m￿MbirShip Soiith Glos Disabilitj Equaliry, Network 586,503 7,479 19.)77 1,555 9,149 5,761 592,264 7,479 19,)77 I,)55 10,764 624,263 7,376 631,639 Other tr#ding xttivitits UnrcstriciLd Funds Tot*1 Funds 2024 Unrcsiricicd FLind Total FLinds 2023 Fundraising Lvcnts 9,286 9,286 12,388 12,388 16 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 Investment ineome Unr¢strict¢d Funds Total Funds 2024 Unr¢5trict¢d unds .1 otal Funds 2V23 Incotne frotn lisl¢d I11￿¢￿till¢￿ts B￿k inlere%t reLeii'able 29.596 8.657 29.596 %.6i7 22.491 2.272 22.491 2.272 38.2)3 38.2)3 24,763 24,763 Expenditure on raising funds Uiir¢51rict¢d Funds Re5trict¢d unds Total Funds 2024 Curr¢nty¢ar Fundiai%ing L(ISt 7.869 7.869 Unrtslricted Funds Rtstrieitd Funds Toral Funds 2023 Prioi'year Fundraising costs 23,455 500 23,955 10. Investment n]anagement Costs UnrestriLied Funds Total Funds 2024 Unresiiicied FLind Total FLind 2023 Porifolio managtmcni 9.260 9.260 8,961 8,961 Expenditure on charitsble activities by fund tvpe Unr¢slrid¢d Funds Re5trict¢d Funds Total Funds Z024 C'urr¢llty¢ar I)d￿. c￿-¢ F'a¢ilil}' Supp()rt Ll)%t% l)¢pr¢¢iation ot long l¢as¢hold pr¢tnis¢s 563.782 71.573 149.201 33.348 4.243 597.130 75.816 149.201 784,i56 37,i91 8?2,147 Unr¢5trict¢d Funds Re5trict¢d unds -I"otal Funds 2023 Priop J£'ar l)av Car¢ F'acilit>. 8upport cost5 528.882 91.413 59.089 2.740 587.971 94.153 620.295 61.829 682.124 17 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 12. Expenditure on cllaritable activities by main eost headings Day Car¢ direct Q5t5 Total funds 2024 'I'otal funds Statfc05ts Support Costs Da￿. Care Fa¢ility Ci()vernanLe L()%t4 l)epre¢iation i)f long lea%ehiild pretni%e% 129.721 467.409 71.724 4,092 668.854 4.092 678.923 3.201 149.?01 149.201 278.922 467.409 75.816 8?2,147 682,124 The charge tordepreciaiion ot'long leasehold prernists arise5 from Ihe change in the Itngth ofthe asset's usetul tconomic lift i¥hich is llo￿, the date on w'hicli il is anticipated that the lease ￿111 be surrend¢red, iiarnelN September 2025. 13. Analysis of support eosts Total 2024 Total 2023 Oftice running costs 21,194 11.1¢48 18.225 3.008 14.047 4.651 16,236 IU.618 18.225 22.394 12.5.39 6.903 4.037 3.201 Ac¢Duntan¢},. legal & prof¢55ional f¢¢5 l-l., cornrnunication5 & illark¢ling luinan r¢sourc¢5 & staff IN'tlfar¢ Other 4upport cosL4 Ci()vemanLe L()%t4 4.1)92 75,816 94,li3 14. Net gainsll1055e5I on investments Unrestricted Funds Total Fund5 2024 Unr¢5tricted unds Total Funds 2V23 G¢iinsllloss¢sl on li5t¢d ini'¢51m¢nts 29.297 29.297 140.5261 140,5261 15. Net ineome Net income is slated afttt chargingllcrtdiiing}'. 2024 2023 D¢pr¢ciation of tangibl¢ fixed assets 167,426 18,225 16. lthdepethdent ex*mith*tioth fees 2024 2023 FLXS pal'ablc 10 Ihc indcpcndLni Lxamincr for.. Indeptndeni examinaiion of the financial siaiements OihLr financial scrYicLS 820 2,i16 780 2,400 3,336 3,180 18 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 17. Staff costs The toial 5taft cost5 and eillplos'¢¢ bcnetits tor the reporting period are anal>'s¢d as follows.. 2024 2U23 Wug¢s ￿ld S¢ilaries 424.835 29.C)3h 12.938 423.992 28.988 F.'rnplv)'tr iontributions to p¢n5ion plans 467,409 464,008 lh¢ average h¢ad couiit ot ¢rnploN'¢¢s duriiig the }'¢ar ￿aS 21 12023.. 211. -Ih¢ av¢Tag¢ iiumber of full.time ¢quiTralent emplo>'ets duriiig the }ear is analTrs¢d as folloM's'. 2024 No. 2U23 DiTtLt charitabl¢ work Adinini5trntion 14 17 17 The nuinber of emploNe¢s wh05¢ r¢mun¢ration tor the year tell within th¢ folloiving bands. w¢r¢'. 2024 2023 £6V.000 to £69.9 Key MAn*gement Personnel The kt}' managtmtnt personnel of the charity comprise Ihe Chief Executive Offictr. Iht Finance Managtr, the Fundraising Managcr. Ihc SafLguarding OfficLr and Ihc Opcraiions ManagLY. Thcir combincd imploJLc bcnifiis total £178,294 12022- £172.2631. 18. Trustee remuneration and expenses The trustees did not rective anN rtinuneraiion trom th¢ charity 12022 Nil) and no trustee receii'ed anN' reimburstment of expfflses t'rom iht charity1202? . Nill. 19. Tangible fixed assets Dti'elopment Frtehold Long Itasehold Fixtures and prop¢m prop¢it)' fittings Minibus property Total Cost At l Apr 2023 Additions 370,000 281,200 27,379 14,000 692.i79 7.1196 7.a96 At 31 Mar 2024 370,000 281,20Q 27,379 14,000 7.096 699,675 Depreeiation Ai l Apr 2023 Charge tor the >'tar 50,990 7,400 61,864 154.825 24.603 2,401 11,200 2,800 148,657 167,426 At 31 fliar 2024 58.390 216.689 27,0 14,(K)O 316,083 Carrying amount At 31 Mar 2024 64.511 375 7.a96 383.i92 At 31 Mar 2023 319,010 219.336 2,776 2,800 543,922 19 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 20. Investments Casli or cash equivalent5 inTr¢stmtnts Total Cost or valuation At l April 2023 Additions Fair valiie tn()vement Mi)vement Iti Ld5h ￿L()unt 29,793 735.916 765.709 29.297 29.297 20.336 20.336 At 31 M*reh 2024 50.129 765,213 815,342 Impoirment At l April 2023 and 31 March 2024 Carrying amount At 31 ￿larCh 2024 50.129 765.213 815.342 Ai 31 MarLh 2023 29,793 735,916 765,709 Finaneial assets held at fair value Li5t¢d in￿¢Stille￿ts h¢ld for investinenl purp05es are stated at market valu¢ at the balanc¢ sliett date and anTr gain or1055 on r¢baluaiion being creditedlcliarged io ihe stat¢m¢nl ot'tinancial activities. 'Ih¢ historic c05t of li5t¢d i￿￿'t5t1￿¢￿ts at 31 March 2V24 was £710.24012023 £709.1261. 21. Debtor5 2024 2n23 I rad¢ d¢b¢ors Prepairnents und ac¢ru¢d inciim¢ Other debts) 34.427 18.462 22 6.283 24.44 40.4C)2 52.911 71,185 22. Creditors: amounts falling due within one year 2024 2n23 I rad¢ creditors Accrual% ￿ld deferr¢d incotne 81)Lial %eLurity ￿ld i)Iher l&xe% Other ¢r¢(litors 16.722 21.247 7.79 5.790 13.086 20.643 6.)49 7.346 51,549 47,624 20 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 23. Deferred income 2024 2n23 At l April 2023 14.750 114.7501 17.910 Amount r¢le&4¢d t(1 incoin¢ Atn()unl deferred in )'ear 14.7iO At 31 Marth 2024 17,910 14,7iO D¢ferr¢d income represents money rec¢ii'¢d for sliort break5 ￿'hiCh ￿.111 occur after th¢ y¢ar ¢nd. 24. Pensions and other post retirement benefits Defined rontribution plans lh¢ aillounl r¢cogni5ed in income or exp¢nditur¢ as an exp¢ns¢ in relation to d¢fined contribution plans ilas £12.938 12023.. £11,1)281- 21 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 25. Analysis of eharitable funds Unrestricted funds Gains and At loss¢s 31 Mar 2024 At l Apr 2023 Incorne F.'xp¢iiditur¢ flurr¢Kty¢Jr Cieneral fund% N¢1¥ pi-¢inists fund Capital a%%el% fund 367,014 11.001) 543.922 789,209 1634.2591 1281.(19()) 29.297 270.165 ,174.(100 383.i92 1167.4261 7.09C) 1.810.936 789.209 1801.6851 29.297 ,827.7i7 Gains and Ios5¢5 4131 Mar 2023 At l Apr 2022 Incorne F.xpenditur¢ Prior Jear Cieneral fund% Ne￿ pi"¢ini5ts fund Capital fund EJremi%e% refuibi5hfflent Te5eTve Hou%ing reser%'¢ 8ens1)Tr CJ￿den fAO.3()4 722,334 1652.7111 1302.3871 900,iK)O i43,922 140,5261 367.1114 9DU.000 543.922 500,000 136.075 li00.(￿0} 1136.0751 i,000 60.000 15.000) 160,0(KII RLni rLSir￿L Lea%ehi)Id pr()perty reserve RLinning cosi rcscrvc 224,960 215,500 1224.960) 1215.500} 1,781.839 722.334 1652.7111 140,5261 -810,936 Th¢ pretnis¢s fund of £1.174.(X)O is to m¢¢t th¢ cDs1 of 4¢¢uring the lease ￿ld the cosL4 of Ilie pr(ipo4eJ refurbishtnent ()Ik at the %liire Wd} Lentre. whiLh ivill be the Lh￿11) % new uperalii)ns Lentre. The tnaj()tit) i)f thi4 expenditure is anliLlPated iu be inLUtred in the year lu 31 M￿Lh 2025. A Ldpilal a5%el% fund ￿p￿￿ent% the nel tM)uk Vdlue lif the Lhdril}'% fixed d%%et5' funded bv unreslriL*ed fund%. These funds are noi available for Lise and Nvill onlj beeome availknle when assels ate sold. 22 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 25. Analysis of eharitable funds {tvnlinAf¥ Restricted funds Gains aiid At loss¢s 31 Mar 2024 At l Apr 2023 Incorne F.xpenditur¢ ( urr¢nty¢ar Karen and Al 50.000 6,205 liO,O(M)I 16.2051 Kitchtn r¢.4¢rv¢ FJ{)%tLiide Lottery Quartet Shire Cenire Ji)hn J￿ne% Tru%1 Svuih CJli)s Caters Grani 23124 In Mcmoriam Lennux Hanna}, Frampion CoiterLII Mummcrs Soiith Glos DEN SouthLrn Brooks Together fiind National Grid Community. Grant Programme Other resiricttd funds 8,216 18.2161 5,OOQ 697 57,160 62,160 803 11.5(K>l 8,229 18.2?91 13001 19091 ,255 909 (955} 1.234 4.051 11.2341 14.3711 11.4541 14.9991 ,295 1,454 4,450 549 4.886 14.8861 11.4931 .493 76.400 24.646 63,455 Gains aiid At 31 Mar 2a23 At l Apr 21)22 InLome Expeiiditure Tran4fers Prioi'yeL7r karen and Alan 50.000 6.205 14.877 9,720 50.1)00 6.205 kiLLhen reSer￿e Posicodi LoitLry' QuartLt TNL CommuniiN' Fund John JamLs Trusi Boccia Ttam Nliddlesex Sports John Le￿,iS Infeciion Control HedleN' Grant Sports In Meinoriam Lennox Hanna Resapol fouiidation South 6105 Carers 2U27123 South Glos DEN Southern Brooks l og¢th¢i- fund l Trndall Fr¢¢m&sons Lodg¢ Other restricted tunds 114,8771 14.4181 2,914 8,216 8,148 5,000 2,166 2,000 ,237 18.1481 16.2641 12.1661 12.0001 11.2371 16.7?91 12.0001 2,067 803 6.729 2.000 -255 1.000 1.000 1,255 909 11.0001 I¥.ooDI 1.809 4.984 13551 15341 1,454 4,450 2.200 3.16D 12.20UI 643 1.493 99.996 38,733 162.3291 7h,400 23 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 25. Analysis of eharitable funds {tvnlinM¥d) The Karell and Alan Monaglian fund and tlie Kitchen reserve fuiid are donations received towards the costs of a r¢furbishment and lia￿¢ b¢¢ii transf¢￿ed to Shire Way C¢nlr¢ fund. Shir¢ Way Centr¢ fund 15 S¢t up lo financ¢ all ¢0sts relal¢d to our new pr¢rnise5. W¢ r¢r¢iTr¢d £5000 this }'¢ar toN4'ards an acc¢ssible toil¢t facility in our ne￿. building. The Quartet fund is a grant t()￿ard% iiur What Matter% pri)jeLt. where we are 4upp()rtin8 1)iir nietnber% l() repre%enl Ilie needs of other disabled p¢opl¢ and iraining th¢in up to b¢ patt of decision making and l¢ading tli¢ ¢hariti'. The Natii)nal Cjrid C()Iiiiniiiiity CTfdnt Pr(l¥r￿DIn￿ fund 1% fc)T ￿Lhery kil tuu15 well as train.4uppi)rt %laff rnernbers o proNide archtrv %t54i0n% for oui. In¢inb¢i%. Lennux fund5 rai%ed by the Frdrnptun Cutlerell Muffltner% ¥wup i% lu run i)ur wpill￿ SULldl aLtivitv. Evening Programme for our members 10 reduce gocial isolaiion and improve Iheir skills. The Si)uih Glos CareTS 23124 (und is to meei Ihe LOSts ofour Carers Oulings Pn)gramme. The 8()uth CJlus DEN fund is fur bein¥ partuf the Si)uth CIluiiLesletshire Di￿bilIty Equality Nelwurkwiiiking l() irnprul'e life for disabled people. Thc SouthLrn Brooks fund is 10 mcci th¥ costs of our mLmbcrs' trips and aeiivitics rcducing social isolation. Thc ToEcihcr Fund is io providkn fiincss acti￿li1￿S and ph)sloihcra￿ for our mLmbLrs. Oiher rtsiricitd funds represents rnonies received towards the cost of our summer and Christmas and Easter panies for our mtjnbers, as w'ell as our dailv actii'ities. Oiher restricied tunds, including the John Jaines Trust tund, rtpresents rnonits rtceibed tow'ards the cost ot'our summer and C liristinas and Easter partits tor QLJr rneinbers, as ￿¢11 as our dail! actiTriti¢s. Prior ytar rtslricted tunds.. Th¢ Postcode Lottery fulld ivas a grant towards the cost of a Sports Coordinator. The TNL Cominunit). Fund is to pro￿ld¢ tlie opwrlunih. for Di5abl¢d people to participate in more actii'ities and c￿entS withiii tlieir coinillunity. and to work i¥ith volunteers troin local coininuiiity, to support and co-ordinate actii'iti¢s. -I'h¢ Iloccia I'¢am fund is tnoni¢5 Tai%ed sPtcifirallN' for th¢ ¢05ts of running the Iloccia'l ¢atn. 'h¢ Middl¢s¢x Spon5 fund 15 u grnnt towards Ili¢ costs of inclusiTr¢ sport5. Jiihn LeN4'i% fuiid 1% tu buy equipment fcir uiir BciLLld te￿. Tlie InfeLli()ii e()nli()I fund 1% miinie4 teceil'ed fr()tn North 8iiiner4et Ciiuncil to help i¥ith the cli%t c)f infeLtion L()ntr()I during the P￿de[nIL. Hed]e￿ Cir￿lt %p()rt% the Re%pi)l Fi)undaliiin ¥ranls are fi)T itnpr()ving Iiur member4 health, fitne%% well-being Ihr()ugh spi)rt. Thc Tjndall FrLcmasons Lodgc fund is 10 bu), whLclchairs and aCCL￿oritS for mcmbcrs. 24 Paul's Plaee (South Westl Compally Limited by Guarantee Notes to the Financial Statements (LonliNuvd) Year ended 31 ￿larCh 2024 26. Analysis of net assets between funds Unr¢51ri¢l¢d Funds R¢5tricted unds Tolal Funds 2024 flurr¢Kty¢Jr T￿gIble fixed 383.592 815.-142 680.372 151.5491 383.i92 815.342 743.827 151.5491 Current Credili)r% less thdn l ￿ed[ 63.4i5 Net assets ,827.7i7 63,455 1.891,212 Unr¢51rict¢d unds Re5trict¢d unds -I"otal Funds 2023 Prior Jeor l angible fix¢d &ss¢t5 nve%lineiiL Ciitrent d55et Creditors l¢R4 thJn l N'¢ar 543.922 765.709 548.929 147,6241 543.922 765.709 6•5.329 147,6241 76.400 Net Assets ,810,936 76,400 -887,336 27. Analysis of ¢hanges in net debt At l Apr 2V23 Casli tIow5 At 31 Mar 2024 C&%li al b￿k and in liand 554.144 136.772 690.916 28. Operating lease eommitments The total future minimum lease pa}'rnents under non-cancellable operatillg leasts art as follows.. 2024 2023 Not later than l }'ear Later than l Trear and not later thall 5 l'ear5 34,094 21,680 26,635 42,400 55.774 69.035 The commithitnt undtr the renthl agreemeni for iht current long Itasthold premises has been included io iht anticipaied dale of surrendtr of iht least, nainelN Sepleinber 2025. 29. Related parties There were no related pan! transaciiolls during the current or prebious year thai r¢quir¢ disclosure. 25