| TABLEOFCONTENTS | |
|---|---|
| REFERENCEANDADMINISTRATIVEDETAILS | 1 |
| REPORTOFTHECHAIR | 3 |
| STRATEGICANDBOARDREPORT | 5 |
| REPORTOFTHEINDEPENDENTAUDITORSTOTHEMEMBERSOFST | |
| CHRISTOPHER'SFELLOWSHIP | 35 |
| CONSOLIDATEDSTATEMENTOFCOMPREHENSIVEINCOME | 39 |
| CONSOLIDATEDANDPARENTSTATEMENTOFFINANCIALPOSITION | 40 |
| CONSOLIDATEDANDPARENTSTATEMENTOFCHANGESINRESERVES | 41 |
| CONSOLIDATEDSTATEMENTOFCASHFLOWS | 42 |
| NOTESTOTHEFINANCIALSTATEMENTS | 43 |
| 2024 | 2024 | 2023 | 2023 | ||
|---|---|---|---|---|---|
| Group | Parent | Group | Parent | ||
| BusinessHealth | |||||
| OperatingMargin(social | housing | ||||
| lettings)' | (23%) | (23%) | (17%) | 0% | |
| OperatingMargin(overall)2 | (17%) | (27%) | (3%) | (1%) | |
| EBITDAMRIInterestCover3 | (6,844%) | (6,767%) | 4,829% | 4,409% |
| 2024 | 2024 | 2023 | 2023 | ||
|---|---|---|---|---|---|
| Group | Parent | Group | Parent | ||
| Development-Capacity& | Supply | ||||
| NewSupplyDelivered(Supported | |||||
| Housing)4 | 0% | 0% | 0% | 0% | |
| New Supply Delivered |
(Non- |
||||
| SupportedHousing)5 | 0% | 0% | Q% | 0%. | |
| Gearing6 | (21%) | 19% | (48%) | (8%) |
| 2024 | 2024 | 2023 | 2023 | |
|---|---|---|---|---|
| Group | Parent | Group | Parent | |
| EffectiveAssetManagement | ||||
| ReturnonCapitalEmployed' | (26%) | (36%) | 0% | (1%) |
| OperatingEfficiencies | ||||
| HeadlineSocialHousingCostPer | ||||
| Unit8 | •£4,309 | £4,309 | £3,368 | £3,368 |
| Investment | ||||
| Reinvestmentefficiencypercentages | 1% | 1% | 3% | 3% |
| 2024 | 2024 | 2023 | |
|---|---|---|---|
| Budget | Average | ||
| Group | target | ofpeers | |
| BusinessHealth | |||
| OperatingMargin(socialhousing lettings) |
(23%) | (19%) | (7%) |
| OperatingMargin(overall) | (17%) | (9%) | 3% |
| EBITDAMRIInterestCover | (6,844%) | N/A | 153% |
| 2024 | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Budget | Average | ||||
| Group | target | ofpeers | |||
| Development-Capacity& | Supply | ||||
| NewSupplyDelivered(Supported | |||||
| Housing) | 0% | 0% | 1% | ||
| New Supply |
Delivered | (Non- |
|||
| SupportedHousing) | 0% | 0% | 0% | ||
| Gearing | (21%) | (26%) | 21% |
| 2024 | 2024 | 2023 | |
|---|---|---|---|
| Budget | Average | ||
| Group | target | ofpeers | |
| EffectiveAssetManagement | |||
| ReturnonCapitalEmployed | • (26%) | (16%) | 0% |
| OperatingEfficiencies | |||
| HeadlineSocialHousingCost,Per | |||
| Unit | £4,309 | £4,877 | £8,793 |
| Investment | |||
| Reinvestmentefficiencypercentage | 1% | 1% | 12% |
AccountabilityStandard. |
|
|---|---|
| TenantSatisfactionMeasure-Tenantperceptionsurveys | % |
| TP01Proportionofrespondentswhoreportthattheyaresatisfiedwiththeoverall | 75% |
| servicefromtheirlandlord. | |
| TP02Proportionofrespondentswhohavereceivedarepairinthelast12months | 75% |
| whoreportthattheyaresatisfiedwiththeoverallrepairsservice. | |
| TP03Proportionofrespondentswhohavereceivedarepairinthelast12months | 75% |
| whoreportthattheyaresatisfiedwiththetimetakentocompletetheirmostrecent | |
| repair. | |
| TP04Proportionofrespondentswhoreportthattheyaresatisfiedthattheirhome | 86% |
| iswellmaintained | |
| TP05Proportionofrespondentswhoreportthattheyaresatisfiedthattheirhome | 88% |
| issafe | |
| TP06Proportionofrespondentswhoreportthattheyaresatisfiedthattheir | 88% |
| landlordlistenstotenantviewsandactsuponthem |
| STCHRISTOPHER'SFELLOWSHIP STRATEGICANDBOARDREPORT FORTHEYEARENDED31MARCH2024 |
||
|---|---|---|
| TenantSatisfactionMeasure-Tenantperceptionsurveys(continued) | % | |
| TP07Proportionofrespondentswhoreportthattheyaresatisfiedthattheir | 75% | |
| landlordkeepstheminformedaboutthingsthatmattertothem | ||
| TP08Proportionofrespondentswhoreportthattheyagreetheirlandlordtreats | 100% | |
| themfairlyandwithrespect | ||
| TP09Proportionofrespondentswhoreportmakingacomplaintinthelast12 | 88% | |
| monthswhoaresatisfiedwiththeirlandlord'sapproachtocomplaintshandling | ||
| TP10Proportionofrespondentswithcommunalareaswhoreportthatthey | are | 88% |
| satisfiedthattheirlandlordkeepscommunalareascleanandwellmaintained. | ||
| TP11Proportionofrespondentswhoreportthattheyaresatisfiedthattheir | 63% | |
| landlordmakesapositivecontributiontotheneighbourhood | ||
| TP12Proportionofrespondentswhoreportthattheyaresatisfiedwiththeir | 88% | |
| landlord'sapproachtohandlinganti-socialbehaviour | ||
| TenantSatisfactionMeasure-managementinformation | % | |
| CH01—ComplaintsrelativetothesizeofthelandlordNumberof: | ||
| 1stageonecomplaintsand | 144per | 1000 |
| (actual | 11) | |
| 2.stagetwocomplaintsreceivedper1,000homes | 0 | |
| CH02—ComplaintsrespondedtowithinComplaintHandlingCode | ||
| timescales | ||
| Proportionof: | ||
| 1.stageonecomplaintsrespondedtoand | 63% | |
| 2.stagetwocomplaintsrespondedtowithintheHousingOmbudsman's | N/A | |
| ComplaintHandlingCodetimescale | ||
| NM01—Anti-socialbehaviourcasesrelativetothesizeofthelandlord | ||
| Numberof: | ||
| 1.anti-socialbehaviourcases,ofwhich | 1171per | 1000 |
| (actual | 89) | |
| 2.anti-socialbehaviourcasesthatinvolvehateincidentsopenedper | 0 | |
| 1,000homes. | ||
| RP01—HomesthatdonotmeettheDecentHomesStandardTenant | 0% | |
| Satisfaction | ||
| RP02—RepairscompletedwithintargettimescaleProportionof: | Unabletobe | |
| 1.non-emergencyand | providedthis | |
| 2.emergencyresponsiverepairscompletedwithinthelandlord'starget | yeardueto | |
| timescale. | database | |
| issues. | ||
| BS01—Proportionofhomesforwhichallrequiredgassafetychecks | 100% | |
| havebeencarriedout. | ||
| BS02-Proportionofhomesforwhichallrequiredfireriskassessments | 100% | |
| havebeencarriedout. |
| Notes | |||
|---|---|---|---|
| Group | Group | ||
| 2024 | 2023 | ||
| £'000 | £'000 | ||
| Turnover | 2&3 | 16,635 | 18,093 |
| Operatingexpenditure | 2&3 | (19,379) | (18,648) |
| (Loss)/Gainondisposalofproperty, | 2 | (39) | 543 |
| plantandequipment(fixedassets) | |||
| Operating(Deficit)/Surplus | (2,783) | (12) | |
| Interestreceivable | 4 | 41 | 18 |
| Interestandfinancingcosts | 5 | (39) | (14) |
| Totalcomprehensive(loss)/incomefortheyear | (2,781) | (8) |
| Notes | |||||
|---|---|---|---|---|---|
| Group | Parent | Group | Parent | ||
| 2024 | 2024 | 2023 | 2023 | ||
| £'000 | £'000 | £'000 | £'000 | ||
| FixedAssets | |||||
| Tangiblefixedassets | 10 | 9,550 | 9,305 | 9,717 | 9,466 |
| 9,550 | 9,305 | 9,717 | 9,466 | ||
| CurrentAssets | |||||
| Tradeandotherdebtors | 12 | 1,378 | 1,178 | 1,671 | 1,436 |
| Cashandcashequivalents | 1,715 | 1,612 | 3,960 | 3,859 | |
| 3,093 | 2,790 | 5,631 | 5,295 | ||
| Less:Creditors: | |||||
| Amountsfallingduewithinoneyear | 13 | (2,083) | (4,711) | (1,948) | (4,609) |
| Netcurrentassets/(liabilities) | 1,010 | (1,921) | 3,683 | 686 | |
| Totalassetslesscurrentliabilities | 10,560 | 7,384 | 13,400 | 10,152 | |
| Creditors:amountsfallingdueafter | |||||
| morethanoneyear | 14 | (4,263) | (4,263) | (4,269) | (4,269) |
| Otherprovisions | 17 | (241) | (95) | (294) | (142) |
| Totalnetassets | 6,056 | 3,026 | 8,837 | 5,741 | |
| Reserves | |||||
| Incomeandexpenditurereserve | 5,968 | 2,938 | 8,749 | 5,653 | |
| Permanentendowment | 88 | 88 | 88 | 88 | |
| Totalreserves | 6,056 | 3,026 | 8,837 | 5,741 |
| CONSOLIDATEDANDPARENTSTATEMENT | OFCHANGES | INRESERVES | - |
|---|---|---|---|
| GROUP: | |||
| Incomeand | Permanent | Total | |
| expenditure | endowment | ||
| reserve | £'000 | ||
| £'000 | £'000 | ||
| Balanceasat31March2022 | 8,757 | 88 | 8,845 |
| DeficitfromStatementofComprehensiveIncome | (8) | - | (8) |
| Balanceasat31March2023 | 8,749 | 88 | 8,837 |
| DeficitfromStatementofComprehensiveIncome | (2,781) | (2,781) | |
| Balanceasat31March2024 | 5,968 | 88 | 6,056 |
| PARENT: | |||
| Incomeand | Permanent | Total | |
| expenditure | Endowment | ||
| reserve | £'000 | ||
| £'000 | £'000 | ||
| Balanceasat31March2022 | 5,728 | 88 | 5,816 |
| DeficitfromStatementofComprehensiveIncome | (75) | (75) | |
| Balanceasat31March2023 | 5,653 | 88 | 5,741 |
| DeficitfromStatementofComprehensiveIncome | (2,715) | (2,715) | |
| Balanceasat31March2024 | 2,938 | 88 | 3,026 |
| Yearended | Yearended | |
|---|---|---|
| 31March | 31March | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Netcashflowfromoperatingactivities(seeNotei) | (2,140) | (994) |
| Cashflowfrominvestingactivities | ||
| Acquisitionandconstructionofproperties | (76) | (257) |
| Purchaseoftangiblefixedassets | (32) | (149) |
| Proceedsfromdisposaloftangiblefixedassets | 1 | 1,340 |
| Interestreceived | 41 | 18 |
| (66) | 952 | |
| Cashflowfromfinancingactivities | ||
| Interestpaid | (39) | (14) |
| Netchangeincashandcashequivalents | (2,245) | (56) |
| Cashandcashequivalentsatthebeginningoftheyear | 3,960 | 4,016 |
| Cashandcashequivalentsattheendoftheyear | 1,715 | 3,960 |
| NoteI | ||
| Cashflowfromoperatingactivities | ||
| (Deficit)fortheyear Depreciationoftangiblefixedassets |
(2,781) 233 |
(8) 236 |
| Decrease/(Increase)intradeandotherdebtors | 293 | (526) |
| Increaseintradeandothercreditors | 174 | 211 |
| (Decrease)inotherprovisions | (53) | (48) |
| Carryingamountoftangiblefixedassetdisposals | 42 | 532 |
| Adjustmentsforinvestingorfinancingactivities | ||
| Proceedsfromthesaleoftangiblefixedassets | (1) | (1,340) |
| Governmentgrantsutilisedintheyear | (45) | (47) |
| Interestpayable | 39 | 14 |
| Interestreceived | (41) | (18) |
| Netcash(usedin)fromoperatingactivities | (2,140) | (994) |
| ridentifiedcomponentsareasf | ollows: |
|---|---|
| Years | |
| Boilers | 10 |
| Kitchens | 20 |
| Bathrooms | 30 |
| Windows | 40 |
| Roofs | 50 |
| Structure | 100 |
| iationischargedonothertangiblefixedassets edeconomicusefulliveswhichareasfollows: |
onastraigh |
|---|---|
| Years | |
| Fixtures,fittingsandequipment-homes | 3 |
| Fixtures,fittingsandequipment—offices | 4 |
| Motorvehicles | 4 |
| Computerequipment-hardware | 4 |
| Computerequipment-software | 5 |
| FORTHEYEARENDED31MARCH2024 | Turnover | Operating | Operating |
|---|---|---|---|
| Expenditure | Surplus/ | ||
| (Deficit) | |||
| £'000 | £'000 | £'000 | |
| SocialHousingLettings(Note3) | |||
| SupportedHousingLettings | 199 | 244 | (45) |
| OtherSocialHousingActivities | |||
| Supportservices | 2,699 | 3,453 | (754) |
| Activitiesotherthansocialhousing(Note3a) | |||
| Sixteenplusservices | 579 | 776 | (197) |
| Children'sServices | 12,733 | 14,377 | (1,644) |
| Fundraising | 425 | 529 | (104) |
| Lossondisposalofproperty, | (39) | ||
| plantandequipment(fixedassets) | |||
| TOTAL | 16,635 | 19,379 | (2,783) |
| FORTHEYEARENDED31MARCH2023 | Turnover | Operating | Operating |
| Expenditure | Surplus/ | ||
| (Deficit) | |||
| £'000 | £'000 | £'000 | |
| SocialHousingLettings(Note3) | |||
| SupportedHousingLettings | 205 | 239 | (34) |
| OtherSocialHousingActivities | |||
| Supportservices | 2,220 | 2,294 | (74) |
| Activitiesotherthansocialhousing(Note3a) | |||
| Sixteenplusservices | 671 | 787 | (116) |
| Children'sServices | 14,521 | 14,968 | (447) |
| Fundraising | 476 | 360 | 116 |
| CoronavirusJobRetentionscheme | |||
| Gainondisposalofproperty, | 543 | ||
| plantandequipment(fixedassets) | |||
| TOTAL | 18,093 | 18,648 | (12) |
| FORTHEYEARENDED31MARCH2024 | Turnover | Operating | Operating |
|---|---|---|---|
| Expenditure | Surplus/ | ||
| (Deficit) | |||
| £'000 | £'000 | £'000 | |
| SocialHousingLettings(Note3) | |||
| SupportedHousingLettings | 199 | 244 | (45) |
| OtherSocialHousingActivities | |||
| Supportservices | 2,699 | 3,453 | (754) |
| Activitiesotherthansocialhousing(Note3b) | |||
| Sixteenplusservices | 579 | 776 | (197) |
| Children'sServices | 6,062 | 7,596 | (1,534) |
| Fundraising | 311 | 419 | (108) |
| Lossondisposalofproperty, | (39) | ||
| plantandequipment(fixedassets) | |||
| TOTAL | 9,850 | 12,488 | (2,677) |
| FORTHEYEARENDED31MARCH2023 | Turnover | Operating | Operating |
| Expenditure | Surplus/ | ||
| (Deficit) | |||
| £'000 | £'000 | £'000 | |
| SocialHousingLettings(Note3) | |||
| SupportedHousingLettings | 205 | 239 | (34) |
| OtherSocialHousingActivities | |||
| Supportservices | 2,220 | 2,294 | (74) |
| Activitiesotherthansocialhousing(Note3b) | |||
| Sixteenplusservices | 671 | 787 | (116) |
| Children'sServices | 8,273 | 8,772 | (499) |
| Fundraising | 365 | 250 | 115 |
| CoronavirusJobRetentionScheme | |||
| Lossondisposalofproperty, | 545 | ||
| plantandequipment(fixedassets) | |||
| TOTAL | 11,734 | 12,342 | (63) |
| Supported | Supported | ||
|---|---|---|---|
| Housing | Housing | ||
| 2024 | 2023 | ||
| £'000 | £'000 | ||
| INCOME | |||
| Rentreceivablenetofidentifiableservicecharges | 85 | 66 | |
| Servicechargeincome | 76 | 99 | |
| Amortisedgovernmentgrants | 38 | 40 | |
| TurnoverfromSocialHousingLettings | 199 | 205 | |
| OPERATINGEXPENDITURE | |||
| Servicechargecosts | 125 | 104 | |
| Management | 18 | 20 | |
| Routinemaintenance | 10 | 18 | |
| Plannedmaintenance | 64 | 25 | |
| Rentlossesfrombaddebts | (2) | 14 | |
| Depreciationofhousingproperties | 29 | 58 | |
| TOTALEXPENDITURE | 244 | 239 | |
| OPERATING(LOSS)/SURPLUSONSOCIALHOUSING | |||
| LETTINGS | (45) | (34) | |
| Voidlosses | 15 | P | 42 |
| .(a)TURNOVERFROMACTIVITIESOTHER | THANSOCIALHOUSING-GROUP | |
|---|---|---|
| Group | Group | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Sixteenplusservices | 579 | 671 |
| Children'sServices | 12,733 | 14,521 |
| Fundraising | 425 | 476 |
| 13,737 | 15,668 |
| Parent | Parent | |
|---|---|---|
| 2024 | 2023 | |
| £'000 | £'000 | |
| Sixteenplusservices | 579 | 671 |
| Children'sServices | 6,062 | 8,273 |
| Fundraising | 311 | 365 |
| 6,952 | 9,309 |
| 4.INTERESTRECEIVABLE | ||
|---|---|---|
| Group | Group | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Interestreceivable | 41 | 18 |
| 41 | 18 | |
| 5. INTERESTANDFINANCINGCOSTS | ||
| Group | Group | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Othercharges | 39 | 14 |
| 39 | 14 | |
| 6. DIRECTORS'ANDSENIORSTAFFEMOLUMENTS | ||
| Group | Group | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Theaggregateemolumentspaidtoorreceivableby | ||
| Directorsincludingpensioncontributions | 606 | 576 |
| TheemolumentspaidtothehighestpaidDirectorof | ||
| StChristopher'sexcludingpensioncontributions | 116 | 116 |
| henumberofstaffwithemoluments,includingpension | contributions,inexcessof | £60,000are: |
|---|---|---|
| TotalRemunerationincludingpension | 2024 | 2023 |
| contributions | ||
| £60,000-£70,000 | 8 | 6 |
| £70,000-£80,000 | 2 | 3 |
| £80,000-£90,000 | 2 | 3 |
| £90,000-£100,000 | 2 | |
| £100,000-£110,000 | 1 | 1 |
| £110,000-£120,000 | ||
| £120,000-£130,000 | 2 | 1 |
| EMPLOYEEINFORMATION | ||
|---|---|---|
| Group | Group | |
| 2024 | 2023 | |
| Theaveragenumberoffulltimeequivalentstaff | ||
| (includingtheChiefExecutive)employedduringthe | ||
| year: | 256 | 268 |
| Theaveragenumberofstaff(includingtheChief | ||
| Executive)employedduringtheyear. | 337 | 359 |
| £'000 | £'000 | |
| Staffcosts(fortheabovepersons): | ||
| Wagesandsalaries | 9,907 | 9,481 |
| SocialSecuritycosts | 977 | 954 |
| Pensionscosts | 414 | 408 |
| 11,298 | 10,843 |
| . OPERATING(DEFICIT)/SURPLUS | ||
|---|---|---|
| Group | Group | |
| 2024 | 2023 | |
| Operating(Deficit)/Surplusisstatedafter | £'000 | £'000 |
| charging/(crediting): | ||
| Auditor'sremuneration(excludingVAT) | ||
| -intheircapacityasauditors | 29 | 29 |
| -otherservices | ||
| (Gain)/lossonthesaleoffixedassets | (39) | (543) |
| Depreciationofownedassets | 233 | 236 |
| Operatingleases—property | 342 | 268 |
| -other | 14 | 20 |
| Pensioncostsdefinedcontribution | 414 | 408 |
| Housing | Fixtures | TOTAL | |||
|---|---|---|---|---|---|
| Properties | Care | Fittings& | |||
| Properties | Offices | Computers | |||
| £'000 | £'000 | £'000 | £'000, | £'000 | |
| Cost | |||||
| At1April2023 | 6,207 | 3,317 | 1,753 | 1,096 | 12,373 |
| Additions | 32 | 32 | |||
| Workstoexisting | |||||
| properties | 53 | 23 | 76 | ||
| Disposals | (75) | (17) | (28) | (120) | |
| At31March2024 | 6,185 | 3,323 | 1,753 | 1,100 | 12,361 |
| Depreciation | |||||
| At1April2023 | 915 | 422 | 519 | 800 | 2,656 |
| Chargefortheyear | 55 | 36 | 16 | 126 | 233 |
| Disposals At31March2024 |
(45) 925 |
(9) 449 |
535 | (24) 902 |
(78) 2,811 |
| NetBookValueat31 | |||||
| March2024 | 5,260 | 2,874 | 1,218 | 198 | 9,550 |
| NetBookValueat31 | |||||
| March2023 | 5,292 | 2,895 | 1,234 | 296 | 9,717 |
| PropertyCostscomprise: | 2024 | 2023 | |||
| HousingProperties | £'000 | £'000 | |||
| Freeholds | 5,260 | 5,292 | |||
| ShortLeasehold | |||||
| 5,260 | 5,292 | ||||
| CareProperties | |||||
| Freeholds | 2,874 | 2,895 | |||
| ShortLeasehold | |||||
| 2,874 | 2,895 | ||||
| Offices | |||||
| LongLeasehold(Over50Years) | 1,218 | 1,234 | |||
| ShortLeasehold(Under50Years) | |||||
| 1,218 | 1,234 |
| Housing | Care | Fixtures Fittings& |
TOTAL | ||
|---|---|---|---|---|---|
| Properties | Properties | Offices | Computers | ||
| £'000 | £'000 | £'000 | £'000 | £'000 | |
| Cost | |||||
| At1April2023 | 6,207 | 3,122 | 1,753 | 903 | 11,985 |
| Additions | |||||
| Workstoexisting | |||||
| properties | 53 | 23 | 76 | ||
| Disposals | (75) | (17) | (17) | (109) | |
| At31March2024 | 6,185 | 3,128 | 1,753 | 886 | 11,952 |
| Depreciation | |||||
| At1April2023 | 915 | 420 | 518 | 666 | 2,519 |
| Chargefortheyear | 55 | 32 | 17 | 92 | 196 |
| Disposals At31March2024 |
(45) 925 |
(9) 443 |
- 535 |
(14) 744 |
(68) 2,647 |
| NetBookValueat31 | |||||
| March2024 | 5,260 | 2,685 | 1,218 | 142 | 9,305 |
| NetBookValueat31 | |||||
| March2023 | 5,292 | 2,702 | 1,235 | 237 | 9,466 |
| PropertyCostscomprise: | 2024 | 2023 | |||
| HousingProperties | £'000 | £'000 | |||
| Freeholds | 5,260 | 5,292 | |||
| ShortLeasehold | |||||
| 5,260 | 5,292 | ||||
| CareProperties | |||||
| Freeholds | 2,685 | 2,702 | |||
| ShortLeasehold | |||||
| 2,685 | 2,702 | ||||
| Offices | |||||
| LongLeasehold(Over50Years) | 1,218 | 1,235 | |||
| ShortLeasehold(Under50 | Years) | ||||
| 1,218 | 1,235 |
| Name | Countryof | Incorporation | Regulated/ | Natureof |
|---|---|---|---|---|
| incorporation | andownership | non- | Business | |
| regulated | ||||
| StChristopher's(Isleof | IsleofMan | Company—100% | Non-regulated | Children'ssocial |
| Man) | care | |||
| SCFServicesLimited | England | Company—100% | Non-regulated | Children'ssocial |
| care | ||||
| FutureFamilies(West | England | Company—100% | Non-regulated | Independent |
| Midlands)Ltd | FosteringAgency |
| 12.TRADEANDOTHERDEBTORS | ||||
|---|---|---|---|---|
| Group | Parent | Group | Parent | |
| 2024 | 2024 | 2023 | 2023 | |
| £'000 | £'000 | £'000 | £'000 | |
| Amountsfallingduewithinoneyear | ||||
| Rentarrears | 39 | 39 | 64 | 64 |
| Less:provisionforbaddebts | (31) | (31) | (49) | (49) |
| Netrentaldebtors | 8 | 8 | 15 | 15 |
| OtherDebtors | 644 | 587 | 1,003 | 882 |
| AmountsowedfromGroupundertakings | ||||
| PrepaymentsandAccruedIncome | 726 | 583 | 653 | 539 |
| 1,378 | 1,178 | 1,671 | 1,436 | |
| Debtorsareallcluewithinoneyear. |
| 3.CREDITORSAMOUNTSFALLINGDUE | WITHINONEYE | AR | ||
|---|---|---|---|---|
| Group | Parent | Group | Parent | |
| 2024 | 2024 | 2023 | 2023 | |
| £'000 | £'000 | £'000 | £'000 | |
| TradeCreditors | 521 | 428 | 391 | 315 |
| AmountsowedtoGroupundertakings | 3,232 | 3,186 | ||
| TaxationandSocialSecuritypayable | 305 | 193 | 296 | 193 |
| Accrualsanddeferredincome | 1,212 | 813 | 1,216 | 870 |
| DeferredCapitalGrant(Note15) | 45 | 45 | 45 | 45 |
| 2,083 | 4,711 | 1,948 | 4,609 |
| Group | Parent | Group | Parent | |
|---|---|---|---|---|
| 2024 | 2024 | 2023 | 2023 | |
| £'000 | £'000 | £'000 | £'000 | |
| DeferredCapitalGrant(Note15) | 3,459 | 3,459 | 3,504 | 3,504 |
| RecycledCapitalGrant(Note16) | 804 | 804 | 765 | 765 |
| 4,263 | 4,263 | 4,269 | 4,269 | |
| 15.DEFERREDCAPITALGRANT | ||||
| Group | Parent | Group | Parent | |
| 2024 | 2024 | 2023 | 2023 | |
| £'000 | £'000 | £'000 | £'000 | |
| Atthestartoftheyear | 3,549 | 3,549 | 4,082 | 4,082 |
| Releasedtoincomeintheyear | (45) | (45) | (47) | (47) |
| Addition | - | - | ||
| TransfertoRecycledCapitalGrant | - | - | (751) | (751) |
| AmortisationontransfertoRecycledCapital | ||||
| Grant | - | - | 265 | 265 |
| Attheendoftheyear | 3,504 | 3,504 | 3,549 | 3,549 |
| Amountduetobereleasedinless thanone | ||||
| year(Note13) | 45 | 45 | 45 | 45 |
| Amountduetobereleasedinmorethanone | ||||
| year(Note14) | 3,459 | 3,459 | 3,504 | 3,504 |
| Totalaccumulatedgovernmentgrantand | ||||
| financialassistancereceivedat31March | 3,504 | 3,504 | 3,549 | 3,549 |
| 16.RECYCLEDCAPITALGRANTFUND | ||||
| Group | Parent | |||
| £'000 | £'000 | |||
| Balanceatthestartoftheyear | ||||
| Interestaccrued | 765 | 765 | ||
| TransferredtoDeferredCapitalGrant | 39 | 39 | ||
| Addition | ||||
| Balanceattheendoftheyear | 804 | 804 | ||
| AllofthisisduetotheGreaterLondonAuthority |
| 7.PROVISIONSFORLIABILITIESANDCHARGES | ||
|---|---|---|
| Group | Parent | |
| £'000 | £'000 | |
| Balanceatthestartoftheyear | 294 | 142 |
| Additionsintheyear | 5 | 3 |
| Releasedintheyearagainstexpenditure | (58) | (50) |
| Unusedamountsreversedintheyear | ||
| Balanceattheendoftheyear | 241 | 95 |
| 8.CAPITALCOMMITMENTS—GROUPANDPARENT | ||
|---|---|---|
| 2024 | 2023 | |
| £'000 | £'000 | |
| Capitalexpenditurethathasbeencontractedforbuthasnotbeen | ||
| providedforinthefinancialstatements | ||
| CapitalexpenditurethathasbeenauthorisedbytheCouncilbuthasnot | ||
| yetbeencontractedfor | 118 | 196 |
| 118 | 196 |
wereasfollows: |
||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| Property | Other | Total | Property | Other | Total | |
| Group | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 |
| Leasesexpiring: | ||||||
| Withinnextyear | 171 | 7 | 178 | 159 | 11 | 170 |
| Insecondtofifthyear | 84 | 84 | 107 | 5 | 112 | |
| Inmorethanfiveyears | ||||||
| 255 | 7 | 262 | 266 | 16 | 282 | |
| Parent | ||||||
| Leasesexpiring: | ||||||
| Withinnextyear | 57 | 4 | 61 | 31 | 7 | 38 |
| Insecondtofifthyear | - | 3 | 3 | |||
| Inmorethanfiveyears | ||||||
| 57 | 4 | 61 | 31 | 10 | 41 |
| 22.UNITS/BEDSPACES | ||||
|---|---|---|---|---|
| Group | Parent | Group | Parent | |
| 2024 | 2024 | 2023 | 2023 | |
| SOCIALHOUSING: | ||||
| Supportedhousing-ownedandmanaged | 68 | 68 | 68 | 68 |
| -ownedandmanaged | ||||
| byothers | ||||
| -managedforothers | ||||
| 68 | 68 | 68 | 68 | |
| Opening | Additions | Disposals | Closing | |
| Units | Units | |||
| SOCIALHOUSING: | ||||
| Supportedhousing-ownedandmanaged | 68 | 68 | ||
| -ownedandmanaged | ||||
| byothers | ||||
| -managedforothers | ||||
| 68 | 68 |
| 6.GRANTS | ||
|---|---|---|
| 2024 | 2023 | |
| £'000 | £'000 | |
| AlbertGubay | 52 | 24 |
| Barclays | 38 | |
| BBCChildreninNeed | 27 | |
| CityBridge | 37 | 36 |
| EsmeeFairbairnFoundation | 54 | 30 |
| LandaidCharitableTrust | 20 | |
| ManxLotteryCharitableTrust | 5 | 13 |
| NationwideCharitiesTrust | 15 | |
| PeacockTrust | 10 | 7 |
| QuakerSocialAction | 44 | |
| SistersoftheHolyCross | 13 | 20 |
| TheNationalLotteryCommunityFund | 20 | |
| TheChurchillFoundation | 10 | |
| TheStoryofChristmas | 29 | 49 |
| 326 | 227 |
| 2024 | 2023 | ||
|---|---|---|---|
| £'000 | £'000 | ||
| DepartmentforEducation | |||
| - | Income | 209 | 255 |
| - | Expenditure | 209 | 255 |
| 8.FINANCIALINSTRUMENTS | ||
|---|---|---|
| 2024 | 2023 | |
| £'000 | £'000 | |
| TheGroup's,financialinstrumentsmaybe | ||
| analysedasfollows: | ||
| Financialassetsatcost: | ||
| Cashandcashequivalents | 1,715 | 3,960 |
| Financialassetsmeasuredatamortisedcost: | ||
| Tradeandotherdebtors | 949 | 1,322 |
| 2,664 | 5,282 | |
| Financialliabilitiesmeasuredatamortisedcost: | ||
| Tradeandothercreditors | 1,734 | 1,607 |
| 1,734 | 1,607 |
| 29.NETDEBT | ||||
|---|---|---|---|---|
| Asat1 | Cash | Other | Asat31 | |
| April2023 | Flows | non- | March | |
| cash | 2024 | |||
| changes | ||||
| £'000 | £'000 | |||
| Cashandcashequivalents | ||||
| Cash | 3,960 | (2,245) | 1,715 | |
| 3,960 | (2,245) | 1,715 | ||
| Borrowings | ||||
| Debtduewithinoneyear | ||||
| Debtdueafteroneyear | ||||
| Total | 3,960 | (2,245) | 1,715 |