Charlty registration number: 1190859 Balance (Support) CIO Annual Report and Financial Statements For the Year Ended 31st March 2025
Balance (Support) CIO Contents Page Charity Reference and AdmIntratiVe Details Chairfs Statement Trustee5' Report Independent Auditorfs Report 18 Statement of Financial Activities 21 8alance Sheet 22 Statement of Cash Flows 23 Notes to the Financlal Statements 24
Balance (Support) CIO Charity Infomiation Charity rngistratlon number 1190859 Trustees M RemarGzyk (Chalr) l Davison P Henson S Kuchar N Mauger A Subburaj S Weerasinghe Chiaf Executive Officer G Slevonson Reglstered office Guildhall 2 High Street Kingston upon Thames KT1 1EU Auditor UHY Ross Brooke Chartered Accountants Windrush Court. Abingdon Business Park Suite I, Blacklands Way Ablngdon OX14 1SY Bankgrs The Cooperative Bank 1 St. Pgters Square, Stockport, Cheslre, SK1 1NX
Balance (Support) CIO Chalrfs Statement For the year ended 31$1 March 2025 This last year has been very critical for Balance. Like all charilies, we have seen the impact of economic turbulence. the cosl-of-living crises and other factors paired with a hunt for labour and talent in the sector. Charities are now relying on donations from only 500A of the population people, down from 58Vo in 2019 - equivalent to approxtmately four million fewer donors. In the last year, charity sector spending grew by almost 10°A, but income only grew by less than 70h. This left many chari118S With little headroom and almost half of all charities spent more than they received. With fewer people giving, charities are focusing mor8 on retaining existing donors, especially major donors, rather than costty acqui511ion campaigns. One of the issues we face specifically is stagnant funding from the Royal Borough of Kingston IRBK) whilst our cost base steadily increases. Impacted by cuts, too, RBK'S ability to respond to our basic needs to continue a viable service to users is limited. Despite all these sector challenges as well as specific challenges faced by Balance, I remain confident as there are plenty of opportunities. too. Balance's transformative capabilities which were proven during the takeover and integration of the Wandsworth service - substantially improving underperforming services and Iransfomiing these acros5 Greater London support our strategy to diversify our reach and thus reduce reliance on very few boroughs. The charity is building relationships with new boroughs. too. Engaging with for instance Ealing and Merton and exploring opportunities to partner drives the diversification agenda. Although the charity leveTages technology today, as innovation driv8S technological advances, there is continued scope for Balance to digitise ils operation5 to generate operational efficiencies. Lastly, we will begin to make a better use of The Slud, our nursery in Home Park. The investment in a new kitchen and equipment will not only benefit users and staff but will also enablg Th8 Stud's use as an outward facing tool. Public can be invited to walk-ins, or events - such as the one planned during th9 summer 2025. This will increase our outreach, public awareness and brand recognition with the potential lo attract more users and volunteers. As we transitioned into a new set of services and completed the integration of the Wandsworth service- about doubling the size of our operation, we go through a phase of stabilisalion operationally but also financially. The past year saw growth in revenue and reseNes as we petrated additional markets. a moderate surplus. Balance's overall financial situation is positive. I would like to thank our highly dedicated team as well as volunteers. The passion for the wellbeing of our users ensures that we eonsistendy deliver the best services we can. The trustees and l are well aware of the immensely positive impact of the CEO, Guy Stevenson, on th& charrty's growih. We acknowledge also the contribution of Emma Whitehead and Onyekwere Ogueri as well as the wider management team. Their eommitment and hard work are an essential factor in the success. l am very grateful to the tnjstees for their eontribution during these p8sI 12 months. They dedicated their time, brought in their skills and domain expertise to support the board and the eharity's management Finally. I would like lo thank Balance's users and families for their trust, cooperation and continuous feedback that enables us to further Improve how we seNe. gne arcin Remarczyk Chair of the Board of Tr ees Date 16th October 2025
Balance (Support) cio Trustees, Report For the year ended 31" March 2025 The trustees present their reF)Ort and the audlted financlal statements of the charity for the year ended 31$t March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice ISORP) °Accounling and Reporting by Charities" in preparing the annual report and financial statements of the charity. The financial statements have been prepared in acGordanrE with the accounting policies set out in notes lo the accounts and comply with the charitys governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. statement of Recommended Practice applicable lo charities preparin9 their aGcounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland published in OGtober 2019. Structure, governance and management Constltutlon The Charity Is reglstered Trmth the Charlty Commlssion as a Charitable Incorporated Organisalbon and its goveming document is Its constitution. The charity was formerly operating as a CIC and the process of Gonverting to a charity was completed on 14 August 2020, when it was registered with the Char¢ty Commission. Trustees of the Charity The trustees who have $eNed during the year and since the year end were as follows= Marcin RemarGzyk Paul Henson Stef8n Kuchar Neil M8uger Laura di Bonaventura {until 20th May 2025} lan Davidson Anjali Subburaj Sarath Weerdslnghe Method of appolntment or electlon of truslees There have been no changes to the board in 2024125. Though in for the new financlal year the charity will launch a campaign to upgrade a number of skills on the board. Principally finan¢e, ¢ommunicatlons and HR. Pollcles and procedures adopted for the InductSon and tralnlng of tru$toe$ All new Trustees are sent an induction pack. which gives appropriate informatlon about the charity and the Trustee Role. They are also expected to read the guidance for Trustees available from the Charity Commission and lo speak lo an appropriate member of staff if they require fvrther information or clarificatlon. The charity through ils partnerships with Leading Governance, NCVO and ACEVO ensure regular compliance and d&velopment training for its trustees. Organlsatlonal structure, Related partles and other charities and organisatlons The Board of Trustees meets quarterty to decide on matters that are the prop8r business of the Board, Includlng setbng the Strategy for the charity. Fmm time lo time a small group of Trustees may be asked to form 8 working paty lo consider a particular asped of managemenl or governance and report back into the full board with recommendallons. Day to day management of the charity is delegated lo the Chief Execulive and Senior Management Team who are responsible for the delivery of the strategy and who also advise and provide information for the Board. The major rlsks lo the organisatlon are reviewed regulady underthelurisdiction of the Risk Oversight Committee, evaluated and updaled as necessary, and overseen by the board of trustees as part of ils governance obligations.
Balance (Support) CIO Trustees, Report For the year ended 31GI March 2025 The Charity's Values The charity as part of its broader review of strategie priorities reaffimied ils )mMitMent to Its slx cor8 values and see these as central lo Its business development priorities up to 2025. These valtjes shape both ils commitments to those the charity supports, employs andlor contribute their time and knowledge to its work. They are summarised as follows: Partnership Professionalism Staff Recognition Independence Sustalnabillty Empowernient Working effectivety with other services Providing a reliable and high-quality service Valuing each other in our daily work Helping people lo live the lives they want Protecting the future of our work Helping people lo have a voice Aims and activities Purpose and aims The charity's purpose is summarised as the following: The relief of thc6e In need by 8$On of youth. age. i[heatth. disabilty, financial hardship or other di%athantage forthe public benefft by provKJing support and guidance to disadvantaged persons and therfamflies, in particular, but not limited to persons with leaming disabililiesl8utism and those with mental heath condrtions, by the provision of actommodation. support serVe5, ernployment support. day care and any and all such other facil'8S as may be reqUId lo enab and support them to experience fulfilling INes and which maximvze their invofvemenl in thg o)mmunrty and improve their quafty of lffe. To promote social inclusK)n forthe public benefft by preventkng pwle from becoming KLIal excluded, reliwng the neeAs of those people who are soc7alty exctuded and assi8llng them to integrate into sety. Alms, stratggles and actlvltles Our prlmary strateglc Alms Aim1 That we build servic85 that ar& financially sustainable and resilient to changes in local markets. That our interventions are qualty assured and deliverconslst&ncy across our operations and development practice. That the skills. abili118s ar¢d knowledge of Ihose who work for us or use our services are c8ntral to how wa design the work around them. That our operations ar8 scalable, larggted and appropriate to our core buslness Alm2 Alm3 Alm4
Balance (Support) CIO Trustees. Report For the year ended 315t March 2025 The key areas of service delivery There has been some change in the charity's key areas of operations since 2022123, but trtese continue to align with its haritable purpose and operational values. Service Aroa Servl¢e component Supported Living Outreach Description of Sgrvico The Outreach service supports those with leaming disabilities, mentsl health illness or autism living within the boroughs of Kingston. Richmond and Wandsworth to Iwe independenlty in their community The Supported Living Houses Service supports adults with mild lo moderate learning disabili118s, or autism living independenlty with others in shared accommodation A supported employment service for people who have a learning, physical or sensory disability and who live in the boroughs of Kensington & Chelsea and Westminster The day opportunities service is delivered from siles in the borough, providing multi-disciplinary support lo people with profound and muttiple leaming disabilities. The oommunty garden offers a welcoming and supportive environmont for people to leam and develop skills. The site has raised beds, polytunnels, greenhouses and a walk4n Chicken coop The charity offers a range of volunteering opportunities from leading the charity as a trustee to helping cultivate its horticultural ace at the Stud Nurse Communlty Support SeThlces Supported Living Houses Employment Support Servlces Supported Employment Day Opportunitios SeThlces Wandsworth Day Opportunities Service Hortlcultural Sorvlce8 The Stud Voluntegrlng All operational departments Publlc benefrt statement The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives. and in planning ils future aclivilie5. In particular, the trustees consider how planned activilies will contribute to the aims and objectives that have been seL The primary public benefrts relate to the development of services that support the independence of vulnerable people with leaming disabillties andlor enduring mental heaith needs. The charity Is responsible for the development and delivery of a range of ¢ommunty-based servi¢es in Southwest and West London. Fundralslng Standards Informatlon Fundraising activity has been limited. with the major part of revenue generated through contractual sources and some monie9 from Pfivately contracted services. grants and gift in kind investment from corporate and community partners. Despite thls, the Charity remains mindfvl of its obligations under the fiJndr8ising code of practice, with an undertaking to ensure the following..
Balanca (Support) CIO Trustees, Report For the year ended 31st March 2025 That GDPR obligations have been applied al all times, and that the Charity at no time has made unsolicited approa¢he5 unless express pemission has been granted. That the Charity is registered with the Fundraksing Regulator and h&5 adopted the ¢fft ftJndraislr@ principles set out by them in ts Fundraising Ccxje of Practice. 11 has not used the seNlceg of an extemal &Jenw to support ts fvndraising actwlties, but were ittr) do so, wi)uld require adherence to the same national standarrls andlor registration with a recc¥Jnvzed scheme. Monitoring fijnthaising thty during the year has not idenlffied any practKes that could be deemed as failwu to meet those same naliortal standards. There were no complaints in Telation to the charitys fundraising acbvitses duriNJ the year. Achievements and performance General Introduction The overall pidure for the charity has been one of progress during 2024125. Revenues have continued to increase, new client referrals havg improved, corporate KPI'S have been subslanlially delivered ahead of deadline, and the charity has generated revenue surplusgs for the fourth year in row. The Charity has actively worked on its quality slandard5 through a programme of evaluation, training and development. Realigning its recruitment and retention approach to its charitable values. increasing ils leadership and co-production mglhodology via a broader involvement of thosg using ils seNices and reviewed its policy environment lo refiect its changing operational prospectus. The year has not been withoLrt its ¢hallonges. Growth has placed demands on capacty. Aligning the competencigs and skills of staff transferred to Ihg charity at the end of 2024 in the Wandsworth services for example, has demanded onsiderably more lime and ft)cus than initially planned. Staff retention, particularly for staff transferred as part of its TUPE arrangements in 2024 has proved more fluid than anticipated. And the pressure lo renegoliale and update some of strategic contracts to align with cost pressures outside the charity's control continue to be an area of concern. Broadly though. this has been a good year, wtth some positive achievements. Pgrformance Hlghlights Highlights for the year indude the following key achievements: Revenue grth forlhe WaS 72% highw than that regtered for2023124, generalirKJ a suwus of£193,388 at year end. Full integration of the Wandsworth seNices into the charity including all digital Managent and operating systems, delMerir4J training to 811 staff trj ensure cornpliance wth its qualty staThdards arKi streamlinirvJ management and administration to generate effiuencies in prLxJuctwty and costs. Opening the new kitchen and training resource at the chaiitys horUculbJral servlces at the Slud conynunty garden and nutsery. Growing new strategic and ntrac*ual relanShIpS wrfh the London B{ugh$ ofEaling. Merton and SW London B, increasing revenues, opporlunthes and wider postl•)ning of the and ts work.
Balance (Support) CIO Trustoes. Report For the year ended 3151 March 2025 General Performance The charity has continued to build its portfolio of services. increase its operational geography and develop new contractual relationships. It h85 gmwn its revenues as a resuS1 and has entered new markets as 8 registered supplier of Specialist services. widening recognition of the brand. ils work and ils quality standards. The takeover of One Trust operations in Wandsworth and Ihe consequent TUPE transfer ofstaff brought with it a range of issues related to skills. knowledge and opwational cuKure. Consider8blewc* in restructuring the busin, its administralwe support systems, the working approach of staff and theircommitment to change up more time and derShip capacty than had been anticipated. However. a business that was loss making at transfer is now delwerir¥J surplus revenues into the business as a whole. The charity has maximEed elencY gans by shrinkiro the management and admini%tration that was inherited al transfer. sUbstsntia1 reduced leve15 of sickne&s and the subsequent recourse to agency, and reshaped the qualty standard$ and govemance. I cuThent contracts were renegotiated in year. resufang in improved temts agalnst 3)23124 positscfi. and ensuring th8 charity's forecast position to 2030 remairts reasonabty secure. Grant investment into the IKJthultural operntions deiNered reftJrtrAshed Offi spa. waslyooms, a new kbtchen and wojtspaces and a suite of raised LEds lo enable better disabled access. This worf( could not have been athieved without the support offunders such as the National Lottery Communty Fund. Wandsworth Crnunty Grant, Royal Borough Kingston Resilignce Fund and Finis Scott Foundation. Further leveraging the chaiiws abilty to delwer AQA registered training, incleased retail and communty partnership options, as well as agreement with the Royal Borough of Richmond for addthonal grant support in 202510 suprx)rt pyoduct develcyment in the tchen at Ihg slud. Corpuate and comnMJnty patherships with Go Gohlng. lfjng51on Adum Education Service and Go Cook have a released a range of in kind beneffts and athities into th8 charity. The charity WCMJld a0 like to thank all thosg organisations for their continued commitment to the thanty arml its worL The financial p05faon remains positNe. Vvith five cons&utNe yeats delweriig sulUS85 nto the busingss f( has been able to grow ts reserve5 from £425,333 in 2024 to £618,721 at year end 2025. GNen the charivs growth remains below the prefetTed target Multip of 3 months operating costs. kyJt at circ2 2 months is an improvement on th9 2024 figure of 1.08 months. The charity, thanks lo fvndlig frcm the National Communty Lottery has increas&J the nUmr ofvdunteers supwbng aclTrity to 12 exduding trustees in Awil 2025 Compared to 6 the year Ffeviousty. And the hours thatthey dedicatg to the cjaniSation from 1,170 hours in 2023124 to 2,364 in 2024125.
Balan (Support) CIO Trustees, Report For the year ended 31sI March 2025 Key Performance Metrics for 2024/25 Ovèrall Perfomian¢o Total operatlonal highlights for the year included the following principal achievements. Total number of Individuals supported by Ihe charlty In year The number of registered users of services remained generally consistent with the previous year, despite some movemerst in and out of the charty across all its operations other than Employment. And whilst the numbers in receipt of support in most services were lower, the number of contracted hours incr8ased on the previous year. Total reaistered users 2024125 94 9• 83 83 65 45 41 HCrtltL't rm.FIty.$rt ts CLcréach CS HcL£- 3y CpF5 Total number of new referrals in year New referral starts were more wnsistent with the eharity's historic averages as a total for 24125, than that for last year. Increases into the outreach service stemmed primarily from an uplift in mental health referrals. The Employment Service saw a fall In new referral starts owing to lower staffing capacity and the impact of changes amongst some of ils strategic partners. All new referral starts in Wandsworth were from sources other than the LB Wandsworth. Total nei4J referral Siarts 202412) Ea 65 ETFlTtr.t C5 crlicL 10
Balance (Support) CIO Trustees, Report For the year ended 31st March 2025 Source of referral all servlces The growth in new referral starts from a wider sel of contractlng authorities reflects the ch8ngeg to the charity's gecxjraphy of operations and its wide market recognition as a provider of strengths and values-based services. Total support outcomes reviewed 73 70 65 54 50 40 27 30 20 12 12 io 2023124 • 2024125 Total number of supported actlvltles The total number of supported activities across the charity grew against reported outputs for 2023124 from 89.202 to 128,734. reflecting the growth in the charity's operations. Falls in Horticulture and Supported Living Houses resulted from changes in the number of a¢tive users of the service changing in year. And Wandsworth growth was down, ils having a full year lo fully register its client-based activity. Tcra sui:F- Gnt6C¥S dy£knJ&5 8251 478?6 ?4663 ?É Jlg S4a3 421 105 ?89? =Llxre LtrE¥. Totsl numb8T of face to face Contacts Contact hours increasgd ovgrall for all services. The total based on contraclgd values in 2025 against those for 2024 incrBased by 108tyA from 69,000 to 169,206, reflecting both the growth in operations and increased rates of per Capita contracted hours relative lo the previous year. Employment sits at some variance to other services as its face-to-face contact time is limited by staffing capacity and the type ofsupport on offer. Total face to face contact5 2023124 m 2024125
Balano (Support) cio Trustees, Report For the year ended 315t March 2025 Other Performance Highlights Strongths Basgd Evaluation and Support Completgd Support Evaluations The charity contlnued to develop its slrengths-based evaluation and support tools in year. Reviewing methodology, maintsining training and learning for staff and improving compliance with wider good practice govèrnance. There were 322 new support outcomes cprOduced with users of servltss in 2024125. New outcomes agreed by department 150 118 loo 52 so 22 19 Horticultu Employment C5- outreach CS- Houses Wandsworth Day Opps Totsl Outcomes Revlewed There were 507 support outcome rewews during the course of the year. reftecting more active use of Ihe support progr8mme methodology by staff and users across the business. Total support outcomes reviewed 300 250 200 Iso loo 50 242 131 65 45 24 Hortlculture Employment CS- Hou5e5 Wandsworth Day Opps Outreach Outcome Impact Outcome impatt at revlew Self-assessment at revlew of the Impact of interventions and activities agreed during the year showed general improvements in confidence against the initial baselines. This aligns with evaluation via the client survey which also underlined the growth in confidence of those uslng the charity's services following support from its staff. 2r 150 IDO 50 Little crne dence crf(1ee con", dence ConfderKe 12
Balance (Support) CIO Trustees, Roport For the year ended 31st March 2025 PercentaEe change in tonf Idence There was a 47¥v improvement in the number of retums Indicating people fe confident as a result of the charity's support. Nlh a 310A improvement in those citing a hlgh confidence. For those who stated they continued to have little or no confidence the charity saw an 18D reduction overall based on the evaluated response following review. No ccnf'.dence Lu'e ccrfOee <¢me=onf.,dence ConTde jrh c0nr.ere 47% Other Qualitative Measures The ch8rlty conducted a number of In year surveys.. for those In receipt of its work and for ils staff who deliver it. Results subslantlale the impact of work undertaken to restructure operations and quality assuranco approath since 2022. Based on the charlty's six operational values, data from each provlded the following key metrics.. What people using the charlty's serrflces tell us From a survey sample lolaling 139 people using its From the same samplg 68°k stated their qualty of lrfe services 140Yo of those registered wllh the charity in remained high as a result of the charity's continued 20241251, 98'A indicated the charity's work makes their life support. better. Our support interventions make your life better Quality of life ratingfollowing our sUPPOrt Ye54nJNo. l- No. 147 I PoDr 2Lv * 3 Mdl Ye5.98 5Hiih 107177% of the survey total) of those surveyed said their confidence had improved following support provided by the charity's staff and volunteers. 82% of those surveyed told the charity they would give us five stars for its work and support. 13
Balance (Support) CIO Trustees, Report For the year ended 31st March 2025 Level of Confidence following our support H<)w many stars would you rate our service 15% Got better a Got bvorse Stas'ed the same 82%- What our staff tell us Of the 50Yo of th8 permanent staffing eslablishm8nt who 76% iold stated their ideas were listened lo. responded to thg annual internal suNey, 82Yo said they get enough praise for their work. Do you get enough pralse foryour work Are your Ideas listened to and acted on 5% 5% 5% 14% Nct <ure •Nc * _cme times Yes Sunet',rrEs B2%- 76%- 89% of those surveyed told slated that they were elther 76% of staff told ststed that communication across th& very happy or somewhat happy with their work. organisalion was good. To what degree are you happy at work lether haFp}' n unhJFFv Would you rate communlcatlon across the charlty as Bood No 4Z6 happy erc <cry+at untrpV 14eth happy ad 14
Balance (Support) CIO Trustaes, Report For the year ended 31" March 2025 Financial Review Resilionce and dèvelopment The charity has continued to evolve ils financial position despite the challenges impactlng on the social care market across our regions of operations. The transfer in of new services and stsff in 2024 created opportunities to identify and mobilise cash efficiencies and productivity gains in the new business. The result has been to substantiate net gains at our end of year outturn, and to mitigate the impact of weaker areas in other contractual relationships. Whilst in year renegotiation of terms, higher than expected intlalionary increases and reductlons in the recourse to agency and temporary staff have ensured a posilNe end lo the yearlhere remain extemal structural riskg that wlll contlnue to demand the attention of our directors. Growth in revenues ft)r the year against 2023124 have underlined the importance of the charlty's reprofiling of ils seNice offer. The emphasis on a strengths and values-based approach to its support actlvities. increasing its social entrepreneurship to generate unrestricted income, and a preparedness to invest In both personnel and capital development projects have ensured the charity retains 8 positive market position against our competitors. Turnover increased to £4,081,718 from £2,362,473 representing growth of 72%. Our net surplus to March 2025 was £193,388 circa 5°k on our total tumover, exceeding our strategic minimum by nearty 10A. Institution of new financial controls and a more robust approach to sickness and capacity management in our day services ensured a 13Yo saving on budget allocation for agency staffing. The charity has increased its in kind investment from bolh a growth in its volunteers and support from its corporate and community partners. Volunteer time increased to 2364 in 2024125 from 1170 in the previous year, providing the charity with a nomin81 retum of £30,310 as income in kind from time given for free. The charity would also like to thank our corporate partner Go GO1ng. and our operational partnershlps wlth Kingston Adult Education Service and Go Cook for providing in kind investment into the charity. Quality Assurance and Governance Securing increased financial security. as well as the transfer in of new staff has generated space and opportunty to fully Teview the quality assurance and operational govemance across the charity's business. RefflJitmen( retention and support to staff has been reframed againstthe charity's six values. Wth Improvements to th8 prograrrwne of empknyee support and benefits, changes in howjobs are adverbsed, InteNiewed for and staff integrated into the organisatK)n. Support and supeNision as well as professional development have aL80 been revised to buikl a more collegtate and incluswe approach lo our work. The IT aThY dKJital security 8pparabJs has been fully revised. investing in new UIpment, upgrading our assuranco and management approach. investing in newtraining and achiewrvJ Cyb8r Essentials accreditalion as a resu The charity's policy and pr(Kedural govemance has aL80 been locked al undertaking a fijll review of all financial, operational, safeguardlng. human resources. data prottI)n and business continuity planning. Reviewed and updaled our strengths-based support and planning tools based on experiential feedbad( and insight from staff who use them. CorKlucted surveys oflhose using the tharivs serwces, ts staff who suppty them and the parents and carets who afso benefftfrom the c9riS support, evaluating our impact and performance agalnst our qualty standards. Summary Stalement The charitys trustees. executive leadership and wider operational support teams have conlinved lo maintain a commitment to develop the charity's quality standards, performance and opportunities for new business. They have done so at a time of continuing slruclural challenge across the social care sector. with demand continuing lo rise against a background of falling revenues and increasing costs. This remains a Challenge for this charity and a considerable focus of our work over the next few years will be lo consolidate our gains and substantiate our financial sustainability. 15
Balance (Support) CIO Trustees, Report For the year ended 3151 March 2025 RosgTVOS Pollcy The Trustees have considered the appropriate level of reserves that should be held by the ch8rty to provide for fluctuations in cash flow and Income. working capltal to develop new funding opportunities and the other needs of the charity. They have concluded that an appropriate level of reserves would be four months running costs. They are aware that reserves currently fall short of this level and are working towards creatlng modest Surpluses overtlme In order to secure the reserves at the appropriate level. The Charity holds £611,62912024: £406,052) In unrestrlcted reserves, and £7.09212024: £19.2811 in restrlcted reserves. This gives a totsl of £618,721 12023: £425.3331 which is almost 2 months running costs which is significant increase from March 2024 when it was 1.08 months. Thls was caused by the 8ddltlon of the Wandsworth Servlce costs in the run up lo the year end. Going concem Challenges remain for the charity in building adequate financial resilience behind its seNices. The charity is not isolated from systemic issues impacting the whole of the social c8re sector. Budgets will continue to remain tight. and investment limited bywhal our funders are prepared to pay, ratherth8n fully meeting the costs of delivering contracts on their behaw. The charity will continue to build revenues from those prepared to pay for our seNices privatety, negotiate and broker investment from other statutory and non-slatutory investors. in addition lo diversifying our sejvice offer overall. The trustees consider it appropriate for 8 going concem basis to be adopted for these accounts. Plans for future perlods The charity continues to build its wider presence within its communities of operation, increasing our public facing work and building customer recognition as a result. The charity will build on the relationships it has already brokered to leverage further opportunities for contractual investment and increases in referrals lo services already funded. Trustg9s' rg3poTrsibilitles Th9 trustees are rgsponsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicabl8 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial ststements for each financial y8ar, which give a true and fair view of the slate of affairs of the charity, and of th9 incoming resources and application of reSoueS of the charity for that period. In preparing th8$9 financial stalemenls, the trustees are required to: select suitable accoUnng polides and then appty them o)nsistW: oLxserve the methods and prinuples in the Charrbes SORP 2019 (FRS 1021: makejudgements and estimates that are reasonable and prudent; state whether applicable accounts'ng standards have been followy, S'ectIO ary rrterIal detwbjres disck6ed and explained in the financial sialem8nt&' piepare the financial statements on the g(Mng concem basi%. unless it is inappropriate to presum8 Ihal the charity will continue In operatfon. The trustees are responsible for keeping proper accounting records that dts¢losa wlth reasonable accuracy at any time the financral position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Chartties {Accounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding th8 assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 16
Balance (Support) CIO Trustees, Report For the year ended 31$1 March 2025 The trustees are spOnSible for the maintenance and integrity of the charity and finandal infomialon Included on the harity's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. On behalf of the board . Marcin Remarczyk Chair of the Board of stees Dat8: 16th October 2025 17
Balance (Support) CIO Indepandent Auditor's Report to the Truste8s of Balance (Supportl CIO For the year ended 31° March 2025 Opinion We have audited the financial statements of Balance (Support) CIO for the year ended 31 March 2024 which comprlse the Statement of Financial Aclivilies, Balance sheet, Cash Flow Stslement and notes to the financial statements. including a summary of significant accounting policies. The finan¢i81 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, includlng Financial Reporting Standard 102. The FinanGial Reporting Standard applicable in the UK and Republi¢ of Ireland (United Klngdom Generally Accepted Accounting PraGlTr). In our oplnion the flnancial statements.. give a and fair view of the stale ofthe charivs affairs as at 31 March 2025 and of its Incomkng resources and application of resources, induding its income and expenditure, for the year then ended., have been ppety prepared in accordan wth Unf(ed tQngdom Generalty Apted AOUnng Pr8dce,' and have been prepared in act0rdae wlh the requirements oflh8 Charitses Ad 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing {UK) IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our othei ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Irustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the WOTk we have pgrfomied, we have not identified any material uncertaintles relating to events or conditions that, indniidualty or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect to going concem are described in the relevant sections of Ihis report. other inforniation The other information comprises the information included in the trustees annual report, other than the financial statements and our 8udilorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the ext8nl otherwise explicllty slated in our reporL we do not express any ft)rm of assurance conclusion Ihereon. Our responsibility is to read the other infomiation and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to delemiine whether this gives rise lo a material misslatemenl in Ihe financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this Other infomiation. we are requlred to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion.. 18
Balance (Support) CIO Independent Auditorfs Report to the Trustees of Balance (Support) CIO For the year ended 31st March 2025 the Infomialion gen th the financlal statents Is Ineonslstent In any materfal respect wilh the trustees, report: the charity has not kept adequate acc(xJnting records" c the financial statements are not in agreement wth Ihe accounting records and relums., or we have not received all the inf0mtiOn and explanaticS we require for our audiL Responsibilities of Irustees As explained more fully in the Iruslees, responsibilities statement sel out on pages 16 and 17, Ihe trustees are responsible for the preparation of the financial statements and for being satisfied that they gNe a true and fair view, and for such internal control as the trustees detem)ine Is necessary to enable the preparation of financial statemonls that are free from material misstatemen( whether du8 to fraud or error. In preparing th8 financial statements, the trustees are responsible for assessing the charity's ability lo wntinue as a going concem, disclosing, as applicable, matters related lo going concern and using the going Gon¢grn basis of accounting, unless the trustees either intend lo liquidate the charity or to cease operations, or havg no realisti aEtemative but to do so. Audltorfs responsibllltles for the audlt of the financlal statements We have been appointed as auditor undar section 144 of the Charities Act 2011 and rgPQrt in accordance with regulations made under section 154 of that Act. Our objeclNes are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatem9nt, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or emr and are considered mat9rial if, individually or in the aggregate, they could reasonably bg expected lo influence the economic decisions of us9rs taken on the basis of these financial statements. Irregularities, including fraud, ar9 instsnc9s of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlingd above, to detect mateiial misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and thg extent to which these are capable of detecting irregularities, including fraud, is detailgd below= We have consider8d.' the nature of the charity and sector, control environment and operating perfomiance., the charity's own assessment, including assessments mad8 by key management. of the risks that irr8gularilies may occur either as a result of fraud or error.. any mattgrs we idenlified having reviewed the charity's policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance- detecting and responding to the risks of fraud and whetherthey have knowledge of any actual, suspected or alleged fraud., and th9 internal controls establishgd to mitsgal8 risks of fraud or non-compliance with laws and regulations,. the matters discussed amongst the audit engagement team. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisalion for fraud and identified the greatest potential for fraud in the areas in which management is required to exercise significantjudgement, such as the disclosure of adjusting items. In common with all audits under ISAS IUK). we are also required to perform specffic procedures lo respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial slalemenls. The key laws and regulations we considered in this cont9xI were the Companies Act, Charltles Act and tsx leglslallon. 19
Balance (Support) CIO Independent Auditor's Report to the Trustees of Balance {Support) CIO For the year ended 31st March 2025 Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, induding those leading to a material rnisstatement in the financial statements or nonoMpli8rtce with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalemenls, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than &rror, as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilTthes is available on the Financial Reporting Council's websf(e at.. s.'Ilwww.frc.o .uklOur-WorklAudiUAudit-and-assurancelSlandards-and- uidancelSlandards-and- uidance-for- audilorslAuditors-res onsibilities-for-audivDescri tiOnf4LKlitorS-reS onsibililies-for-audit.as x. This description fomis part of our auditor's report. Usè of our report This report is made solely to the charity's trustees. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's trustees those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent pemiilled by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work. for this report, or for the opinions we have fomied. UHY Ross Brooke statutory Auditor Windnjsh Court Abingdon Business Park Abingdon OX14 1SY 1611012025 UHY Ross Brooke is eligible to act as an auditor in temis of section 1212 of the Companies Act 2006. 20
Balance (Support) CIO Statement of Financlal Actlvlty For the year ended 315t March 2025 Total Total Restrictgd Funds 2025 Total Funds Total Funds Notes Unrgstrlcted Funds 2025 2025 2024 Income Donations and Grants Charitable activities Investments 12,140 4,054,835 4,705 10,038 22.178 4.054.835 4.705 29.802 2.328.746 3,925 Total 4,071,680 4 081718 2 362 473 expenditure Charitable activities 13,866,103) {22,227) (3,888,330) (2,360,402) Net Incomel{expendlture) Transfers betsveen funds 205,577 12.189 193,388 2,071 Net movement in funds 17 205,577 193 388 2,071 Reconclllallon of funds Funds brought forward 17 406,052 19,281 425,333 423,262 Fund balance8 carrlgd fonvard 17 611,629 7.092 618.721 425.333 The Statement of Financial Activities includes all gains and losses recognised in the year All incc*n& and expenditure is derived from continulng activitie5. Th& notes on pages 24 lo 34 fomi part oflhese financlal statements. 21
Balance (Support) CIO Balance Sheet As at 31st March 2025 Notgs 2025 2024 FIXED ASSETS Tangible 8ssel$ 12 86.899 53.875 CURRENT ASSETS Debtors Cash at bank and in hand 13 334,339 561.956 896,295 549,086 321.845 870.931 CREDITORS: Amounts falling due withSn one year 14 364.473 499,473 Ngt ¢urrnnt assots 531,822 371,458 Total assets less current liabilitles 618,721 425,333 Credltors amounts falling due after more than one year NET ASSETS 19 618,721 425,333 FUNDS Unrestricted funds General funds Restricted funds 20 20 611,629 7,092 406,052 19.281 Total Funds 20 618.721 425.333 The financial statements were approved and authorised for sssue by the Board of Trustees on 16th October 2025 and signed on thelr bahalf by . Mar¢in Remarczy Chair of the Board o rustees 22
Balance (Support) CIO Cash Flow Statement For the year ended 31st March 2025 2025 2024 Ca$h flows from opgrating artivitigs Net income per statement of financial activities 193,388 2.072 Adjustmonts ft>r: Depreciation charges Interest receivable Loss of disposal of fixed asset Decreasel{Increase) in debtors (Decreaselllncrease in creditors Nel cash provided by operating activili8S 23,120 (4.7051 340 214.748 135.001 291,890 11,578 13,9251 772 1428,5391 174,716 1243,3261 Cashflow from Investlng Intgrest received Purchase of tangible fixed assets Net cash (used in) investing activi118S 4.705 56,484 151,779) 3,925 45.779 141.854) Changè In cash and Ga$h equivalonts In the ygar 240,111 (285,180) Cash and cash equlvalents brought forward Cash and cash equlvalents carrled fobv48rd 321,845 561,956 607.025 321.845 Analysls of cash and cash equlvalents Cash at bank 561,956 321,845 23
Balance (Support) CIO Notes to the Financlal Statements For the year ended 3151 March 2025 Charity infomiatlon Balance Isupportl CIO {the 'charity'l is 8 Charitable Incorporated Organisation I'CIO'I. registered in England and Wales and constitutes a public benefit entity as defined by FRS 102. The address ofthe registered office is Guildhall 2, High Street, Kingston-upon-Thames. KT1 1 EU. Account5ng Policies 1.1 Basls of preparation The financial slalements have been prepared in accordance wtth the Charities SORP {FRS102) (Second Edition) Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 20191. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK GenerlY Accepted Accounting Practice. The financial statements have been prepared on th8 going concern basis and under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. The signfficant accounting policies applied in the preparation ofth8se financial statements are setout below. These policies have been consistently applied to all years prgsented unless otherwise stated. 1.2 Going ¢oncem The Trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties relaled lo events or conditions that may cast significant doubt on the abilty of the Charity to continue as a going concem. The Trustees make this assessment in respect of a period of at least one year from the data of aulhorisalion for issue of the financial statements. Whilst the closure of Woodbury continues lo present challenges lo the sustsinability of the charity, the Trustees have taken further steps to mitigate the impact of this. Additionally, they have considered the existing contract temis and consider the charity lo have sufficient resources to Continue to operate for at least 12 months from the date of these accounts. The TTUStees have carefully considered the evldence as to whether or not the Charity cont6nue5 to be a golng conc8m and have concluded that it is. 1.3 Income rocognition Ilems of income are recognised in the flnanclal ststements en all of the following criteria a met: The charfty has entitlement to the funds,. any performance conditions have been met or are fully within the control of the charity. there is sufficient certainty that receipt of the income is considered probable., and the amount Can be measured reliably. Contract Income trom the provision of professlon81 services is recognised as the charity earns the right to consideration through the perfomiance of those seNlces, when the stage of completion. costs incurred and costs to completion can be estimated reliably. No amount is included in the financial slatements for volunteer tlme In Ilne wlth the SORP. 1.4 Expenditure recognition Expenditure is recognised once there is a legal or constructive obllgallon to make payment to a third party, it is probable that settlement will be required and the amount can be measured rellably. Expenditure is classified under the following activity headings: Costs of raising funds which comprise those cosls assodated th seeklng donations and grants 24
Balance (Support) CIO Notes lo the Flnanclal Statements For the year ended 31st March 2025 Expenditure on charitable activities which comprises the costs of running the various activities and sejvices for the charity's beneficiari6s. ExpendibJre includes those costs of a direct nature which can be allocated to a specffic acliwty. It also include indirect cost5. including govemance costs that do not relate to a specific activity but are necessary to support them. Support costs are apportioned to each activty on the basis of staff time. 1.5 Interest rocgivable Interest on funds held on deposit is included when receNable and the amount can be Tneasured reliabty by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 1.6 Fund accountlng Unrestricted general funds are those funds which are freely available for use in furtherance of the objects of the charity and which have not been designal8d for specific purposes. Restricted fvnds are funds which can only b8 used in accordance with specific restricttons imposed by the donor or which have been raised for a particular purpose. The purposes and uses of the restricted funds are set out in the not8s to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 1.7 Fixed assets and depreciation Tangible fixed assets are initially measured at cost and subsequently measured al c09t or valuation, net of depreciation and any impairment losses. Depreciation is provided so as to write off the cost of each asset over its estimated usefijl lrfe at the following annual rates: Computer equipment Other Equipmenl, Furniture and Fittings 4 years straight line 4 years straight line At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined lo be the higher of its fair value less costs to sell and ils value in use. An impaimient loss is recognised where the carrying amount exceeds the recoverable amount. 1.8 Cash and cash 9quivalgnts Cash and cash equivalents include Cash in hand, deposits held at call with banks, other short-temi liquid investments wlh original malurrties of throe months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities 1.9 Flnanclal Instruments The Charity only has financial assets and financi81 liabiliti8s of a knnd that qualify as basic financial inslnjments. sic financtal instruments are initially rgcognised at transaction value and subsequently measured at their $9tt1gmant value with the exception of bank loans which are 5ubsaquentty measured at amortised cost using the effective interest method. Debtors and ¢redilors with no slated interest rate and receivable or payable within one year are recorded at Iransadion priGe. Any losses arising from impairment are recognised in expenditu. 1.10 Leases Operating lease rentals are charged to the Staternenl of Financial ktivities on a straight line basis over the period of the lease. 25
Balance (Support) cio Notes to the Flnan¢ial Statements For the year ended 31st March 2025 1.11 Pensions The Charity operates a defined contribution pension scheme. Contributions payable to the Charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate. The Charity also contributed to tsvo defined benefit schemes for employees: Ihe Ial govemment F*nsion scheme for approximatety 6 former employees of the Royal Borough of KirMJston the local govemment PWtsK)n stheme for approximatety 15 forner employees ofwandsworth Borough Council It Is not wssible for the charltyto obtain sufficient information to enable itto accountfor these schemes as a defined benefit scheme and it therefore accounts for the scheme as a defined contribullon scheme. The local authority will set the contributlon rates each year for employees. All such payments are then charged directly to the Statement of Financial Activities. 1.12 Redundancy costs Redundancy and temlnatlon costs are recognised immediately a5 an expense when the Charity is demonstrabty committed to terminate the empbymenl of an employee or to provide termination benefrts. 1.13 Critical accounting estimates and Judgements In the application of the charity's accounting policies. the trustees are required to make judgemgrits, gStimate5 and a$sumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from the58 estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the perlod of the revlsion and future periods where the revision affects both current and fvture period. Donations and Lggacigs Unrestrlcted Funds Restrlcted Funds Totsl 2025 Total 2024 Donations 12.140 12,140 10,038 2,342 27.460 Grants: 10,038 12.140 10.038 22,178 29,802 26
Balance (Support) CIO Notes to the Financlal Statoments For the year ended 31st March 2025 Income from Charftable Actlvlties Unrostrirted Funds Rgstrlcted Funds Total 2025 Total 2024 Contracts Woodbury Care Home Local Govemmenl Employment Local Govemmenl Supported Living Local Govemment Horticulture Local Govemment Day Opportunities Local Govemment Transport NHS Funding South West London CCG 221.468 173,259 1,078,734 123,637 383,616 54,728 129,300 85,378 1.092,892 167.223 2.231.145 283.020 85,378 1,092,892 167,223 2,231,145 283,020 Other income from charitable aclivili8S 195,174 195,174 164,004 4,054,832 4.054,832 2.328.746 Inv9Stment Income Unrestricted Funds Restricted Funds Totsl 2025 Total 2024 Bank interest 4.705 4.705 3,925 Expenditure on Charltabl¢ Actlvlt10S Direct Costs Support Costs Total 2025 Total 2024 Staff costs Premises Administration costs Residents care and welfare Transport Prof, Licens9s and subscriplions Govemance Costs (see note 8) Depreciation 2,742.060 242,427 14,197 129,620 69,334 270,829 73,995 241,313 3,012,889 316,422 255,510 129,620 69,334 72,614 8,820 23.121 1,998.356 133.412 113,790 29,714 22.835 41.717 9.000 11,578 72,614 8,820 23,121 3,197.638 690,692 3,888,330 2,360,402 27
Balance (Support) CIO Notes to the Flnan¢ial Statements For the year ended 31. March 2025 Analysls of Expenditure by Activity Direct Costs Support Costs Total 2025 Total 2024 Woodbury Supported knving Employment Servlce Horticultural Services Day Opportunities Other Activits'es 188.832 1,274,617 212,436 188,833 495,684 861,854 67.329 131,872 1.982.667 153.917 186,161 14,543 28,484 428,257 33.246 1,048,015 81,872 160,358 2.410.924 187,163 3.197.639 690.691 3,888.330 2,360.402 Govgrnance costs Total 2025 Total 2024 Audit fees 8,820 9,000 8,820 9.000 Net Incomel(expendituro) Totsl 2Q25 Total 2024 Auditor's remuneration Depreciation Operating lease rentals 8,820 23,121 161,285 9,000 11,578 59,520 Trustee Remuneratlon and expenses The tfuslees neither received nor waived any remuneTation during the year {2024.' £nil). No Trustee receed any expenses during the year {2024.' £nill. 28
Balance (Support) CIO Notes to the Flnan¢ial Statements For the year ended 31$t March 2025 10 Staff costs Charltab19 Costs Support Costs Total 2025 Total 2024 Wages and salaries SoGial seGurity costs Pension costs Other staff related costs Redundancy Agency Staff 2,059,947 188,546 114,843 41.272 22.103 312.987 222,492 22,973 8,689 19.036 2.282,439 211,519 123.532 60,308 22,103 312,987 1,603,677 151,858 80,180 38.713 2.903 114.030 2,739,698 273.190 3.012,888 1,991,361 One employee received total remunèration above £60,000 excluding employerfs national insurance and pension costs, in the £70,000- £80,000 band. (2024.. One in the £70,000 - £80,000 band) The average number of employees analysed by function was.. 2025 Number 2024 Number Direct charitable activities Management and administration 80 86 60 The tolal amounl of Bmployee beneflts recefved by key management personnel was £90,325 (2024: £83,753). Under FRS 102 employee benefits Include gross pay. benefits in kind, employer's national insurance and employerfs pension costs. 29
Balance (Support) CIO Notes to the Flnanclal Statements For the year ended 315t March 2025 11 Tanglble Flxed Ass•ts Computer Equipment Furniture and Equipment Total 2025 Total 2024 Cost Al 31 MarGh 2024 Additions Disposals 54,990 34,625 55.440 1340) 89,615 56.484 (340) 55,103 45,778 {11,267) At 31 March 2025 56.034 89.725 145.759 Dgpreciation At 31 March 2024 In the year Eliminated on disposal 24,350 9.369 11,389 13,751 35.739 23.120 34.656 11.578 110,4951 At 31 March 2025 33,719 25,140 58.859 35.739 Net book value At 31 March 2025 30,640 23,236 53.876 20.447 At 31 March 2024 22,315 64,585 86,900 53,875 12 Debtors 2025 2024 Trade debtors Prepayments and accrued incomg other debtors 209,876 124,463 392,139 154,911 2,037 334 339 13 Credltorn - amounts falllng due wlthln one year 2025 2024 Trade Creditors Accnjals Taxation and soclal Security Other Creditors 30,970 59,521 132,892 141,090 78,345 68,731 139.738 212,659 364,473 499,473 30
Balance (Support) CIO Noles to the Financial Statements For the year ended 31. March 2025 14 Operatlng Lease CommStments Total future mlnlmum lease payments under non-cancellable operating leases are as follows.. 2025 2024 Due within: 1 year 1-5y8ars 195,325 219.804 25,244 6,718 415.129 31,962 15 Penslon and similar obllgatlons Some of the CIO'S empbyees belong lo the Local Govemment Pension Scheme ILGPS}, mulli-employer defined benefit schema managed by the Royal Borough of Kingston upon Thames and by Wandsworth Borough Council. The lalesl actuarial valuation of the Kingston LGPS related lo the perlod ended 31 March 2023. The Wandsworth Borough Council Pension fund admission relates to TUPE transfer on 1st February 2024. No actuarial valuation has been carried out. Local Govemment Pension Scheme- Kin slon The LGPS is a funded defined benefit pension scheme. with the assets held in separate truste8 administered fund5. The total contribution made for the year ended 31 March 2025 was £47.704. of which employerfs contributions totalled £33,726 and employees. contributions lolalled £13.978. The agreed contributlon rates forfuture years are beeen 5.5% and 12.5% for employees and employers contributions are voluntary. The actuarial valuation shows the present value of the defined benefit obligation at the reportlng date to be less than the fair value of plan assets at that date, and consequently the plan has a surplus. Per FRS102 a plan surplus should only be recognised as a defined benefit plan assgtwhen the surplus is recoverable, eilherthrough reduced contributions in the future or through refunds from the plan. As a result no adjustments have been made to the financial slalements. Prlnclpal actuarlal assumptlons 2025 3.20•/o 5.85Vo 2.70/0 45% 2024 Rate of increase in salaries Discount rate for scheme liabilities Inflation assumption {CPI) Commutation of pensions to lump sums 3.25U 4.85°A 2.75% 45% The current mortality assumptions include sufficient allowance for future improv8m8nts in mortality rates. The assumed life expectations on retirement age 65 are.. 2025 2024 Retiring today Males Females 19.6 19.6 24.8 24.8 Retiring in 20 years Males Females 25.6 25.9 31
Balance (Support) CIO Notes to the Financial Statements For the year ended 31st March 2025 Sonsitivty Analysls Approximate Increase to Deflned Beneflt Obllgatlon Change In assumptlons at 31 March 2025: 0.10A decrease in Real Dls¢ount Rale 1 year increase in member lrfe expectancy 0.1% increase in the Salary Increase Rate 0.1QA increase in the Pension Increase Rate (CPI) 85,000 156,000 2,000 85,000 Approximate 5ncrease to Defined Benefit Obllgatlon Change In assumptions at 31 March 2024: 0.1 ¢A decrease in Real Discount Rate 1 year increase in member life expectancy 0.1% increase in the Salary Increase Rate 0.1QA increase in the Pension Increase Rate (CPI) 109,000 190,000 6,000 106,000 Dellned beneflt penslon scheme net Ilablllty 2025 2024 Scheme assets Scheme obligations 7,229,000 13,894,000) 7,014,000 (4,741,000) Net assel 3 335,000 2.273.000 The share of the assets in the schame were.. 2025 2024 Equf(ies Corporate bonds Property Cash and other liquid assets 3.036.180 3.108.470 939.770 144,580 3.507,000 2,525,040 631,260 350,700 Total market value of assets 7229,000 7,014.000 The actual retum on scheme assets was 3.9Vo (2024 (13%)). 32
Balance (Support) CIO Notes to the Financlal Statsments For the year ended 315t March 2025 Changes In the pres•nt value of defined bonefrt obligations were as follows: 2025 2024 At 1 April Current 8eNlce co$t Interest cost Employee contributions AGluarial Igainllloss Benefits paid 4,741,000 47,000 229,000 13.000 (1.056.000) {80.000) 4.708.000 62.000 224.000 14,000 1213,0001 154,000) At 31 March 3,894,000.00 4.741000.00 Changes In the falr value of schomo assots: 2025 2024 At 1 April Interest inc(*ne Actuarial gainslllossl Employer contributions Employee contributions Beneffts paid 7,014,000 339,000 (67,000) 10,000 13,000 (80,000} 6,210,000 295,000 511.000 38,000 14.000 154,000) Al 31 March 7,229.000 7.014,000 17 Provislons A provision for £17,388 is included in other creditors. This relates to an Employmenl Tribunal Claim in relation to foryner employee that was heard in April 2025. The outcome of this was a payment of £102 to the claimant. No app8al was lodged by them. There was previously no balance in relation to this. 18 Contingent Assets and Liabilltles In relation to the Woodbury Care Home seNice, the Charity was not issued with a lease for the property by the landlord (Royal Borough of Kingslon-upon-Thames} beyond 111 April 2022. As a result. an agreement in relation lo funding and rental of the property from the Commissioner (also the Royal Borough of Kingston-upon Thames) was unable to b8 completed. The seTvice closed in November 2023. The amount of rent due relating to the year ended 319t March 2023 is estimated to be £100,208, with an equal amount of funding also due to be received by the Charity. 33
Balance (Support) CIO Notes to the Financlal Stat8m8nts For the year ended 31st March 2025 19 Movement In fund$ 1Apr 2024 31 Mar 2025 Income Expendlture Transfers Unrestrlctèd Funds General Funds 406,052 4.071,680 3.866.103 611.629 Restrictsd Funds Finnis Scott 1.500 (1,500) National Lottery Community Fund 4,596 (1,446) 3.150 Wandsworth Community grant 3,942 3,942 RBK Community Resilience Fund 18,110 (18,1101 Sport England 1,171 {1,1711 Total Restrlcted Fund$ 19,281 10,038 22,227 7,092 Total Funds 425,333 4.081,718 3.888.330 618,721 At the Stud Community Garden, the Finnis Scott Foundation fundlng enabled us to install raised beds whilst the National Lottery Community Fund allowed us to work on developing the role of volunteers in the organisation. The Royal Borough of Kingston upon Thames Resilience Fund contributed towards the installation of a new kitchen at Stud Community Garden to enable those we work with to leam cooking skills. The Wandsworth Council Community grant relates to new sensory equipment at our Day Centres. 18 Analysls of not assgts between funds General Funds 2025 Restricted Funds 2025 Tolal Total 2025 2024 Fixed assets Current assets Current liabilities Longer lemi Liabilities 86,899 889,203 1364.473) 86,899 896,295 (364,4731 53,875 870,931 {499.4731 7,092 611.629 7.092 618.721 425.333 34