ADAPT Charity
(a charitable incorporated organisation)
Charity No. 1182087
Report and Unaudited Financial Statements
for the year ended 30th June 2022
Wenn Townsend
Chartered Accountants
Oxford
ADAPT Charity
| Contents | Page |
|---|---|
| Report of the Trustees | 1 - 3 |
| Independen� E�aminer�� Repor� | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 - 9 |
ADAPT Charity
Report of the Trustees
For the year ended 30th June 2022
ADAPT Charity �� �r���ee� are �er� plea�ed �o pre�en� �hi� ann�al repor� and acco�n��, �heir third since ADAPT Charity was set up in February 2019. This document is set out in compliance with the requirements of the Charity Commission and the Companies Act.
In presenting this report the trustees would like to express their sincere thanks to all those whose vision, commitment and hard work have achieved so much in a short time.
Objectives and activities
Summary of the main purposes of the charity as set out in its governing document
The purpose of the charity is to provide housing and support to those in recovery from addiction / alcoholism.
ADAPT is an innovative organisation with a clear mission to support people living in addiction to achieve lasting recovery. We succeed in this through two distinct services, firstly we provide safe and quality housing along with regular drug testing, especially vital for clients who have been homeless and vulnerably housed due to their addiction issues. Secondly we have established a flagship therapeutic service which combines intensive evidence-based therapies delivered both in a 1-1 and group-based setting.
What makes ADAPT unique and our impact to date so significant , is that the service is designed and delivered by experts with lived experience. Empathy for the Addict is central to our values and our vision for achieving the long term change so urgently needed.
Founded in 2019 by Edwina Cobb, ADAPT is based in Cowley, Oxford, in the heart of one of the 20% most deprived areas in the United Kingdom. To date, we have secured ten properties, three of these are starter houses, between these three properties we have 15 clients who are on our day programme which runs five days per week.
The o�her �e�en ho��e� are �mo�e on fla��� for o�r clien�� �ho ha�e ��cce��f�ll� comple�ed �he �i� mon�h programme at ADAPT.
The core aims of ADAPT are:
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To enable residents to build the foundations of independent living.
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To support vulnerable adults to return to work through developing their employability skills.
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- To empower clients to sustain their drug abstinence.
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To repair relationships and build stronger family bonds.
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To reduce the number of clients on benefits.
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To reduce the rate of drug-related crime.
Summary of main activities in pursuit of these objects
� The charity fulfils its objects by supplying housing, interpersonal group therapy, 1 1 counselling and recovery workshops. The backbone of our service is one of evidence-based psychotherapeutic interventions with an integration of twelve step principles.
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ADAPT Charity
Report of the Trustees
For the year ended 30th June 2022
Statement on public benefit
The �r���ee� �nder��and and are commi��ed �o en��ring �ha� ADAPT Chari�� �phold� �he Chari�� Commi��ion�� guidance on public benefit. Public benefit inspires us and drives our charitable activity and this is demonstrated in the detail of this report.
Achievements and performance
ADAPT CHARITY provided ten houses for its charitable activities. Meaning three new properties were opened throughout the year June 2021 � June 2022.
ADAPT Charity has a good record of client retention, operated five day per week day programme and took on two part time specialist addictions psychotherapists. It also took on two volunteers who have been through the ADAPT programme. It also undertook abstinence based recovery. To date we ADAPT have had 352 referrals.
How fundraising performed
Generous donations have been received, namely from Martin Geddes Foundation, Albert Hunt, The Leigh Trust and the National Lottery. This has helped providing clients with 1-1 therapy and holistic therapies 3 x per week which include mindfulness, acupuncture, yoga and gym.
Financial review
The charity received income in the year of £445,733 (2021: £219,553) and after expenses of £417,586 (2021: £183,175), there was a surplus of £28,147 (2021: £29,975). The charity had free reserves of £59,049 at 30th June 2022 (2021: £40,811). The Trustees consider that reserves of 6 months expenses should be held and this amounts to £209,000 based on these accounts, the Trustees will look at ways to increase their free reserves in line with the growth of the charity.
Future plans
ADAPT have begun working with The Icarus Trust, a family addictions charity that provide support to family members of addicts and alcoholics, our future plan is to complete the merge and take over the Trust and intends to offer support not only to our clients but also to the general public and families of addicts.
Structure, Governance and Management
How ADAPT is constituted
ADAPT Charity is a CIO. There are five trustees, who meet quarterly, �here are fi�e emplo�ee�� (the CEO, an operations manager, two part time specialist addictions counsellors, one who works one day a week and the other who work two days per week and a part time support worker who works three days a week). It also has two volunteers who work five days per week.
Selection, induction and training of trustees
New trustees are recruited from people known by the existing trustees. New trustees are referred to the Charity Commission guidance on their duties as a trustee.
The organisational structure
The charity is managed by its trustees. There are five employees (an operations manager and two part-time therapists and a support worker) other than trustees. The trustees meet regularly to manage the charity.
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ADAPT Charity
Report of the Trustees For the year ended 30th June 2022
Reference and Administrative details
Charity name ADAPT Charity Registered charity number 1182087 Chari���� principal addre�� 11 Northcourt Mews Abingdon OX14 1GW Bank National Westminster Bank Independent examiners Wenn Townsend 30 St Giles Oxford OX1 3LE
Names of the trustees
The trustees during the year and since the year end were:
Edwina Cobb (resigned 20 December 2022) Harry Cobb (Chair) Gerald Phillips Rebecca Eustace (appointed 3 December 2021) Joshua Oakley (appointed 24 November 2021)
Declarations
The �r���ee� declare �ha� �he� ha�e appro�ed �he �r���ee�� repor� abo�e.
22.12
Signed on behalf of �he chari���� �r���ee s on ��������� 2022.
Signed on Behalf of the trustees:
������������ Harry Cobb
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ADAPT Charity
Independent Examiner's Report to the Trustees of ADAPT Charity
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30th June 2022 which are set out on pages 5 to 9.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (��he Ac��).
I report in respect of my examination of your charit ��� acco�n�� carried o�� �nder �ec�ion 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ��r�e and fair �ie�� which is not a matter considered as part of an independent examination;
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A C Rodzynski FCA Partner Wenn Townsend Chartered Accountants Oxford
���������.. 2022
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ADAPT Charity
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 30th June 2022
| Unrestricted | Funds | ||
|---|---|---|---|
| Note | 2022 | 2021 | |
| £ | £ | ||
| Income | |||
| Donations and legacies | |||
| Donations | 89,031 | 43,969 | |
| Income from charitable activities | |||
| Rent receivable and service charges | 356,702 | 169,043 | |
| Other income | - | 6,541 | |
| ����� | ����� | ||
| Total income | 445,733 | 219,553 | |
| ����� | ����� | ||
| Expenditure | |||
| Charitable activities | 3 | ||
| Housing and support | 417,586 | 183,175 | |
| ����� | ����� | ||
| Total expenditure | 417,586 | 183,175 | |
| ����� | ����� | ||
| Total funds at 1st July 2021 | 66,173 | 36,378 | |
| Net movement in funds | 28,147 | 29,795 | |
| ����� | ����� | ||
| Total funds at 30th June 2022 | 94,320 | 66,173 | |
| ����� | ����� |
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Company number: 4142850
ADAPT Charity
Balance Sheet as at 30th June 2022
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Tangible assets | 5 | 57,569 | 25,362 | ||
| Current assets | |||||
| Debtors | 6 | 30,834 | 27,199 | ||
| Cash at bank and in hand | 54,155 | 20,775 | |||
| ����� | ����� | ||||
| 84,989 | 47,974 | ||||
| Creditors: amounts falling | |||||
| due within one year | 7 | (25,940) | (7,163) | ||
| ����� | ����� | ||||
| Net current assets | 59,049 | 40,811 | |||
| ����� | ����� | ||||
| Total assets less current liabilities | 116,618 | 66,173 | |||
| Creditors: Amounts falling due after | (22,298) | - | |||
| more than one year | ����� | ����� | |||
| ����� | ����� | ||||
| Net assets | 94,320 | 66,173 | |||
| ����� | ����� | ||||
| Funds | |||||
| Unrestricted funds | 94,320 | 66,173 | |||
| ����� | ����� | ||||
| 94,320 | 66,173 | ||||
| ����� | ����� |
21.12 Approved by the Trustees on ��������� 2022 and signed on their behalf by:
������������
Harry Cobb Trustee
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ADAPT Charity
Notes to the accounts (continued) for the year ended 30th June 2022
1. Accounting policies
(a) Basis of preparation
The financial statements have been prepared in accordance with the Charities Act 2011, accounting and reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st October 2019) (Charity SORP FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
ADAPT Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
(b) Preparation of accounts on a going concern basis
The Trustees consider that the principal uncertainty regarding going concern relates to the ability to raise funds. The Trustees monitor results and budget to mitigate that risk.
(c) Volunteers
The value of services provided by volunteers has not been included.
(d) Income
Income is included when receivable. Where income has conditions attached to it, that income is recognised when there is certainty of receipt, entitlement and the amount can be measured with sufficient reliability. Income (including grants receivable) is deferred where conditions exist on entitlement such as a specified future time period.
(e) Expenditure
Expenditure is recognised in the period in which it is incurred and includes attributable VAT which cannot be recovered. Expenditure is recognised when a legal or constructive obligation arises. Costs of raising funds are those costs incurred in attracting voluntary income. Governance costs are those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
(f) Depreciation
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 5 years.
(g) Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
(h) Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Restricted funds are where the donor specifies the use to which the funds can be spent.
(i) Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
2. Salaries and wages
2022
2021
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| ADAPT Charity | |||
|---|---|---|---|
| £ | £ | ||
| Notes to the accounts (continued) | |||
| Salaries and wages | for the year ended 30th June 2022 | 93,932 | 60,711 |
| Pension costs | 1,853 | 1,420 | |
| Emplo�er�� Na�ional In��rance | 3,763 | - | |
| ����� | ����� | ||
| 99,548 | 62,131 | ||
| ����� | ����� |
The average number of employees (full time equivalent) during the period was 3 (2021: 2). No employee received emoluments of more than £60,000 per annum during the current period. The total remuneration of Key Management Personnel (the trustees and the operations manager) during the year was £99,548 (£2021: £62,131).
Expenses totalling £1,366 (2021: £11,059) were reimbursed to trustees during the period detailed below:
| Childcare costs | 1,366 | 5,662 |
|---|---|---|
| Fuel expenses | - | 1,318 |
| Motor expenses | - | 2,248 |
| Clothing allowance | - | 1,507 |
| Other expenses | - | 324 |
| ����� | ����� | |
| 1,366 | 11,059 | |
| ����� | ����� |
One trustee, Edwina Cobb, received remuneration of £43,074 (2021: £11,647) during the year and received a £1,366 (2021: £5,662) contribution towards childcare. See note 11 for details of other related party transactions. Edwina Cobb, resigned as a trustee on 20 December 2022.
| 3. | Charitable expenditure | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Unrestricted | |||
| Salaries/NI/Pension | 99,548 | 62,131 | |
| Rent payable | 190,238 | 53,422 | |
| Rates payable | 14,922 | 7,676 | |
| Repairs and maintenance | 2,076 | 1,890 | |
| Insurance | 765 | 644 | |
| Cleaning | 901 | 3,341 | |
| Medical, testing and food/clothing | 5,610 | 5,101 | |
| Therapies | 18,993 | 7,514 | |
| Fundraising commission | 4,893 | - | |
| HP interest | 2,063 | - | |
| Other staff costs | 5,961 | - | |
| General expenses | 3,664 | 7,115 | |
| Utilities | 26,082 | 8,746 | |
| Motor expenses | 7,445 | 7,446 | |
| Office costs | 4,512 | 362 | |
| Independent examiners fees | 2,665 |
2,585 | |
| Legal and professional fees | 4,509 | - | |
| Staff childcare costs | 1,366 | 5,662 | |
| Clothing allowance | - | 1,507 | |
| Other costs | 7,542 |
3,410 | |
| Depreciation | 13,831 |
4,623 | |
| ����� | ����� | ||
| 417,586 | 183,175 | ||
| ����� | ����� |
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ADAPT Charity
Notes to the accounts (continued) for the year ended 30th June 2022
4. Taxation
The charity is exempt from corporation tax on its charitable activities.
5. Tangible fixed assets
| 5. | Tangible fixed assets | |||
|---|---|---|---|---|
| Fixtures | Motor | |||
| and fittings | vehicles | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1st July 2021 | 33,364 | - | 33,364 | |
| Additions | 15,200 | 30,838 | 46,038 | |
| ����� | ����� | ����� | ||
| At 30th June 2022 | 48,564 | 30,838 | 79,402 | |
| ����� | ����� | ����� | ||
| Depreciation | ||||
| At 1st July 2021 | 8,002 | - | 8,002 | |
| Charge for year | 7,663 | 6,168 | 13,831 | |
| ����� | ����� | ����� | ||
| At 30th June 2022 | 15,665 | 6,168 | 21,833 | |
| ����� | ����� | ����� | ||
| Net book values: | ||||
| At 30th June 2022 | 32,899 | 24,670 | 57,569 | |
| ����� | ����� | ����� | ||
| At 30th June 2021 | 25,362 | - | 25,362 | |
| ����� | ����� | ����� | ||
| 6. | Debtors | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Trade debtors | - | 5,307 | ||
| Prepayments | 144 | 1,234 | ||
| Rent deposits | 29,076 | 20,658 | ||
| Other debtors | 1,615 | - | ||
| ����� | ����� | |||
| 30,834 | 27,199 | |||
| ����� | ����� | |||
| See note 11 regarding other debtors. | ||||
| 7. | Creditors: amounts falling due within one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals | 1,512 | 1,007 | ||
| Tax and social security | 1,834 | 1,330 | ||
| Accounts payable | 17,869 | 4,826 | ||
| Hire Purchase liability | 4,202 | - | ||
| Other creditors | 523 | - | ||
| ����� | ����� | |||
| 25,940 | 7,163 | |||
| ����� | ����� |
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ADAPT Charity
Notes to the accounts (continued) for the year ended 30th June 2022
8. Creditors: amounts falling due over one year
Hire Purchase liability
| 2022 | 2021 |
|---|---|
| £ | £ |
| 22,298 | - |
| ����� | ����� |
| 22,298 | |
| ����� | ����� |
9. Analysis of net assets between funds
| Unrestricted | Designated | Restricted | ||
|---|---|---|---|---|
| funds | funds | funds | Total | |
| 2022 | 2022 | 2022 | 2022 | |
| £ | £ | £ | £ | |
| Fixed Assets | 57,569 | - | - | 57,569 |
| Cash and current investments 54,155 | - | - | 54,155 | |
| Other current assets/liabilities 4,894 | - | - | 4,894 | |
| Creditors more than one year (22,298) | - |
- | (22,298) | |
| ����� | ����� | ����� | ����� | |
| Total | 94,320 | - | - | 94,320 |
| ����� | ����� | ����� | ����� | |
| Unrestricted | Designated | Restricted | ||
| funds | funds | funds | Total | |
| 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | |
| Fixed Assets | 25,362 | - | - | 25,362 |
| Cash and current investments 20,775 | - | - | 20,775 | |
| Other current assets/liabilities 20,036 | - | - | 20,036 | |
| Creditors more than one year - | - | - | - | |
| ����� | ����� | ����� | ����� | |
| Total | 66,173 | - | - | 66,173 |
| ����� | ����� | ����� | ����� |
10. Pensions and other post-retirement benefits
The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £1,853 (2021 - £1,420).
11. Related party transactions
During the year the charity paid personal costs on behalf of one trustee, Edwina Cobb, totalling £1,758 and at the end of the year a balance of £515 was owed to the charity and is included within other debtors.
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