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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02067438 (England and Wales) REGISTERED CHARITY NUMBER: 295355

Report of the Trustees and Financial Statements

for the Year Ended 31 March 2024 for Ordinary Life Project Association

Sumer Auditco Limited Statutory Auditor Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ

Ordinary Life Project Association

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 24

Ordinary Life Project Association

Report of the Trustees for the Year Ended 31 March 2024

The trustees (known as the Council of Management), who are also directors of the charity for the purposes of the Companies Act 2006, present their report and the financial statements of the charity for the year ended 31 March 2024. Council has adopted the provisions of the Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in 2019.

OBJECTIVES AND ACTIVITIES

The charity exists for the advancement of health and the relief of those in need by reason of disability, recognised charitable purposes under charity law. The Council of Management has consulted the Charity Commission guidance on public benefit and consider that OLPA conforms fully to the necessary requirements. Funding for day-to-day care provision comes mainly from Wiltshire Council Department of Community Services and the benefits of the charity are open to any adult who has been assessed by the Wiltshire Department of Community Services as being in need of care and a suitable candidate for the services which OLPA provides.

The philosophy of OLPA and its fundamental aim are derived from the charity's formal objects and they are directed at enabling the charity's clients to live and enjoy as full a life as possible in their community. This is does in a practical sense by:

Residential care Providing small community-based homes and in-house care for people depending on
individual needs;
Community Resource Associating with other agencies to enable people to have their own homes and
providing care to those people and to people otherwise living in their own homes;
Support Providing support for all its clients in accordance with our values.

These activities are supported by and administrative headquarters in Warminster, providing management, development and training of the charity's staff, quality control of services and the management of resources.

Financial summary

OLPA's "historical" business is the provision of residential care and this continues to be the main thrust of the charity's work. Over the year, the main part of OLPA's expenditure £1,795,239 was on this. The lesser part of expenditure was on the charity's Community Resource function. This accounted for £363,529.

The people cared for by the charity have a wide variety of learning, physical and social needs and OLPA has continued its initiatives in training, development of services and financial management, so as to ensure that the range and standard of care provided remain at a high level and meet not only the relevant statutory requirements and individual needs but also the demands of efficiency and financial prudence.

In addition, the Council of Management sets great store by an adherence to OLPA's values, deriving from the Charity's objectives and directed towards the personal development of the charity's clients. This embraces such things as training in life skills, help in personal development and the development of personal relationships, the provision of educational, recreational and socialising opportunities, and the fostering of a sense of belonging and encouragement to foster a sense of belonging in others.

The Council of Management employs a number of mechanisms to ensure that OLPA's values are promoted and its standard of care maintained. These include management reports, external care sector reports and publications, workshops and strategic reviews. In addition, the charity's care provision is reviewed by the Care Quality Commission.

Page 1

Ordinary Life Project Association

Report of the Trustees for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE

As mentioned elsewhere in this report, the social care sector continues to be fragile. Funding shortages and recruitment difficulties have naturally impacted on the work of the charity. Wiltshire Council dictated a 6% uplift in fees for 2023-2024 (this level of uplift, of course, reflects the Council's own funding problems) but this is readily manageable by OLPA management only when inflation and general cost-of-living prices are sustained at a low level. Moreover, central government has increased the National Minimum Wage by 9.7%. Clearly, any rise for low-paid workers is to be welcomed but the additional cost to OLPA is around £111,300 per annum. This rise impacts also on higher-paid staff, who reasonably expect a comparable increase in their salaries. The cost of this has been in the region of £147,000.

The reasons for recruitment problems in the care sector and more widely are various and include the departure of many foreign nationals following Brexit, low wages, the loss of staff from the market during and after Covid and the wide availability of others jobs. Re-evaluations of work/life balance are also likely to have played a part. We are still heavily reliant on agency workers. This is costly and not desirable in terms of the continuity of our services. Maintaining staff morale is a concern and even the most positive staff are feeling the pressure. We know from other service providers that we are not alone in this.

On a more positive note, we have been able to recruit a new member of our central management staff, as our Outreach and Supported Living Co-ordinator- much needed, following the resignation of their predecessor.

We continue to seek new suitable referrals from Wiltshire Council but these are few and far between. Most referrals are of individuals with complex needs, which OLPA is not equipped to meet. This has implications for our future strategic planning.

As to other activities, it has become apparent that some of the people we look after are unable to meet the cost of holidays. Local authorities do not seem to regard holidays (which most of us take for granted) as an essential part of a person's care package. We do not take this view. The cost of holidays can be considerable, as care staff are needed 24/7 and we have instituted a "holiday grant fund" so that holidays can be funded for care users who cannot afford this for themselves. The present level of charity reserves enables us to do this.

We are, post-Covid, catching up on the decoration and minor remedial work on our properties, for which we are largely reliant on our in-house maintenance workers. A more serious situation exist with two neighbouring houses, where there is evidence of subsidence/shrinking. We commissioned a structural engineer's report and re seeking to identify a suitable building company to carry out the necessary work.. The costs are likely to be considerable.

OLPA's services continue be be rated as "Good" by the Care Quality Commission.

Finally, we have launched a consultative exercise with management staff on future directions. There appears to be a consensus on what steps we should be taking to "future- proof" OLPA in what is likely to be a continuing difficult environment and will pursue this in the coming year.

FINANCIAL REVIEW

Finance

OLPA continues to operate on a sound financial basis, carefully keeping expenditure within the limits of the charity's income and continually striving to reduce costs without prejudicing the quality of care. The figures shown in Section 2. above indicate that the charity continues to be well- settled and active, despite the restrictions on funding of local authorities. The Council of Management has no financial concerns as to the charity's continuing as a going concern.

Reserves and future plans

The Council of Management maintains a policy of keeping the amount of the charity's financial reserves under review. Council's minimum reserves policy is to have in hand, at all times, reserve funds (that is, current assets) at least equal to six-months' expenditure, to protect the charity against delay or (temporary) shortfalls in funding. At the end of 2023-2024, OLPA's free reserves, calculated in accordance with Charity Commission guidelines, stood at £2,370,155.

It must be borne in mind, however, that the charity has also designated the essential Property Improvements and Purchase Fund. The charity owns several houses for the people we look after. It is in the nature of OLPA's activities that these will need work, from time to time, by way of improvement or change to accommodate the changing needs of residents or the new needs of new incomers. It may also prove necessary, in the future, to replace an existing property, which has become unsuitable, with a new one.

The Council of Management does not consider this level reserves excessive, especially as we are in uncertain times. However, as will be shown later, under Future Plans, the amount of reserves is at risk of being reduced in the near future.

In addition to free reserves, our accounts show fixed assets, the land buildings owned by the charity, valued at £1,478,881. This includes £1,061,881 for functional property valued at its historical cost, less depreciation. The Council of Management is of the opinion that a current market valuation would be between £2,500,000 and £3,500,000.

Page 2

Ordinary Life Project Association

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW

Internal financial controls

OLPA's policy on internal financial controls is based on the following key premises:

In-house reviews and annual examination of important aspects of control by the charity's accountants have confirmed that the necessary controls are being maintained.

Principal Risks and Uncertainties

OLPA's Council of Management has a duty to manage all risks to the effective management of the charity. Council has adopted a formal risk assessment policy which follows the relevant prescription in the Standard of Recommended Practice. The policy binds Council to:

The chief risk to the continued well-being and effectiveness of the charity derives mainly from:

To manage this first risk, OLPA conducts frank and vigorous negotiations with the local authority. We continue also to take steps to diversify the charity's work to include the type of client not previously catered for. The process of diversification will continue in the future.

The second risk is more problematical. It has become increasingly difficult to retain and recruit staff. The reason is simple; like other organisations similar to OLPA, we are unable to offer pay rates greater than those funded by the local authority. Staff naturally look for a salary that enables, at least, an acceptable standard of living and other, commercial, employers can outdo us on this. Caring for vulnerable people is undoubtedly a noble calling but, when the pay is virtually an insult to the carers, the result in inevitable.

Risk assessments are, as a matter of course, carried out in respect of all OLPA's residential clients and the properties in which they live.

FUTURE PLANS

It is very likely that the future will be challenging for the charity.

Again, as mentioned in last year's Report, the financial situation (along with other considerations) has turned our minds to the question of whether the charity's present business model needs to be changed. This would not, by any means, necessarily be all bad news. The interests of the people we look after would always have priority and it is our intention that any change in the model would provide a (perhaps, more) congenial and supportive environment for them. A strategic review of the charity's future has begun and will be continued over the present year.

Page 3

Ordinary Life Project Association

Report of the Trustees for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

OLPA is a private limited company limited by guarantee, as defined by the Companies Act 1985, and is administered in accordance with its Memorandum and Articles of Association.

The charity is governed by the Council of Management of the charity. The members of Council are the directors of the company and the trustees of the charity. The Council of Management holds ultimate power and responsibility. Its function embraces the whole range of trustee responsibilities:

Members of the Council of Management are chosen for the added value they can bring to Council and to OLPA. Key to the assessment procedure is a realistic judgement as to whether or not the prospective member will be able and prepared to give the necessary to OLPA in terms of interest, time, energy and (where applicable) the application of specialist skills. An equal opportunities policy is observed in the recruitment of members. Council seeks also to maintain a balance of skills and outlooks among its members, drawing on experience of the care and health sectors as well as the organisational and financial knowledge and disciplines needed for the proper governance of the charity.

Council ensures that new members know what is expected of them - and are made to feel that they will be given the chance to make a valued contribution.

The Council of Management and the Chief Executive Officer constitute the top-level management of the charity, the former focusing on strategy and direction and the latter on operational matters and advising Council. All Council members give their time freely and no remuneration was paid to any of them during the year; nor were any expenses reimbursed.

Arrangements for Setting Pay and Remuneration of Key Management Personnel are as follows:

The Chief Executive Officer's salary is reviewed annually and determined by reference to the current pay level for comparable posts in the voluntary sector, derived from the annual review carried out by the Association of Chief Executives of Voluntary Organisations. (Account is also taken of whether or not junior staff have received a pay rise in that year.) The salaries of middle and junior management staff and of care staff are determined to reflect the current pay levels for comparable staff in the care sector.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02067438 (England and Wales)

Registered Charity number

295355

Registered office

Beckford Lodge Gipsy Lane Warminster Wiltshire BA12 9LR

Trustees

R E Edwards Chair / Treasurer C L Gill L Snelus L Gerrard (resigned 13.12.23)

Company Secretary

S Gant

Page 4

Ordinary Life Project Association

Report of the Trustees for the Year Ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Auditors

Sumer Auditco Limited Statutory Auditor Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ

Chief Executive Officer

Mr S Gant

Solicitors

Middleton & Upsall LLP East Gate House 94 East Street Warminster BA12 9BG

Bankers

Lloyds TSB 64 Fore Street Trowbridge Wiltshire

Deposit Holders Bath Investment & Building Society The Cambridge and Counties Bank Ltd 15 Queen Square Charnwood Court Bath New Walk Leicester Virgin Money Jubilee House Gosforth Newcastle upon Tyne

FUNDRAISING STANDARDS INFORMATION

The charity does not actively solicit donations from the public and has no need to develop formal policies on its fundraising approach.

Page 5

Ordinary Life Project Association

Report of the Trustees for the Year Ended 31 March 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also directors of the Ordinary Life Project Association for the purposes of company law and called the Council of Management) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Council of Management to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Council is required to:

The Council of Management is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Council is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Council of Management is aware:

AUDITORS

The auditors, Sumer Auditco Limited, will be proposed for re-appointment at the December 2024 meeting of the Council of Management.

11 December 2024

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ R E Edwards - Trustee

Page 6

Report of the Independent Auditors to the Members of Ordinary Life Project Association

Opinion

We have audited the financial statements of Ordinary Life Project Association (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 other 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 trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern 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 with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 7

Report of the Independent Auditors to the Members of Ordinary Life Project Association

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Gare (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited Statutory Auditor Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ

Date: ............................................. 12 December 2024

Page 8

Ordinary Life Project Association

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Provision of homes and care
Community resource
Investment income
3
Other income
5
Total
EXPENDITURE ON
Charitable activities
6
Provision of homes and care
Community resource
Total
Net gains/(losses) on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
13
1,785,062
364,567
59,517
380
2,209,539
1,795,239
363,529
2,158,768
(17,000)
33,771
3,935,265
3,969,036		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
13
1,785,062
364,567
59,517
380
2,209,539
1,795,239
363,529
2,158,768
(17,000)
33,771
3,935,265
3,969,036		 2023
Total
funds
£
23,797
1,617,716
376,435
21,763
1,680
2,041,391
1,693,455
264,900
1,958,355
20,000
103,036
3,832,229
3,935,265

The notes form part of these financial statements

Page 9

Ordinary Life Project Association (Registered number: 02067438)

Balance Sheet
31 March 2024
Notes
FIXED ASSETS
Tangible assets
13
Investment property
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
19
Unrestricted funds:
General fund
Property improvements / purchase fund
Fixed Asset fund
Revaluation Reserve
Holiday Fund
TOTAL FUNDS		 2024
£
1,061,881
417,000
1,478,881
33,765
2,574,251
2,608,016
(117,861)
2,490,155
3,969,036
3,969,036
2,412,687
100,000
1,061,881
374,468
20,000
3,969,036
3,969,036		 2023
£
1,085,193
434,000
1,519,193
57,631
2,491,561
2,549,192
(133,120)
2,416,072
3,935,265
3,935,265
2,338,604
100,000
1,085,193
391,468
20,000
3,935,265
3,935,265

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 11 December 2024

............................................. R E Edwards - Trustee

............................................. L Snelus - Trustee

The notes form part of these financial statements

Page 10

Ordinary Life Project Association

Cash Flow Statement
for the Year Ended 31 March 2024
2024
Notes
£
Cash flows from operating activities
Cash generated from operations
1
55,660
Net cash provided by operating activities
55,660
Cash flows from investing activities
Purchase of tangible fixed assets
(19,834)
Sale of tangible fixed assets
380
Interest received
46,484
Net cash provided by/(used in) investing activities
27,030
Change in cash and cash equivalents in
the reporting period
82,690
Cash and cash equivalents at the
beginning of the reporting period
2,491,561
Cash and cash equivalents at the end of
the reporting period
2,574,251		 2023
£
79,239
79,239
(32,934)
1,680
12,443
(18,811)
60,428
2,431,133
2,491,561

The notes form part of these financial statements

Page 11

Ordinary Life Project Association

Notes to the Cash Flow Statement for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

Net income for the reporting period (as per the Statement of
Activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Profit on disposal of fixed assets
Interest received
Decrease in debtors
Decrease in creditors
Net cash provided by operations
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total		 Financial
At 1.4.23
£
2,491,561
2,491,561
2,491,561		 2024
£
33,771
43,146
17,000
(380)
(46,484)
23,866
(15,259)
55,660
Cash flow
£
82,690
82,690
82,690		 2023
£
103,036
44,990
(20,000)
(1,680)
(12,443)
10,766
(45,430)
79,239
At 31.3.24
£
2,574,251
2,574,251
2,574,251		 2023
£
103,036
44,990
(20,000)
(1,680)
(12,443)
10,766
(45,430)
79,239

The notes form part of these financial statements

Page 12

Ordinary Life Project Association

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The Ordinary Life Project Association is an incorporated charity registered in England and Wales. The principal address of charity is given within the reference and administration details within the Report of the Trustees. The nature of the charity's operations and principal activities are provided in the Report of the Trustees.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Companies Act 2006, 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), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, the Charities Act 2011 and UK Generally Accepted Practice.

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 prepared in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Local authority income

Income from local authorities is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. The major element of this income is in respect of a contract under which the charity receives payment for the provision of care and support services for people with learning disabilities. The contract is for an agreed amount per resident and the amount paid by the Local Authority is the difference between this figure and the amount the charity receives as income from the residents.

Income from residents

The sums due to the charity from the residents for the provision of care are recognised when entitlement has occurred. The major element of this income is the DSS benefits allocated to each resident and passed on to the charity. Other income from residents is recognised when received.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be reliably measured by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable activities

Charitable expenditure comprises the costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

Page 13

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, such as by project and by income received ratios as set out in note 8.

Tangible fixed assets

Fixed assets are included at cost less accumulated depreciation. Expenditure is only capitalised on individual assets with a cost of at least £1,000.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset evenly over its expected useful life, as follows:-

Freehold buildings Over 50 years
Fixtures and fittings 15% on the straight line method
Motor vehicles 25% on the straight line method

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Investment property is measured at fair value, revalued at the end of each financial year based of the market value of equivalent properties.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The charity's designated funds are those where the trustees have set aside money for specific purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial Instruments

The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments, as defined by FRS102. The financial assets and liabilities and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and measured at fair value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments and are measured at amortised cost. Taxation and social security are not included in the financial instrument disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Lease commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the lease term.

Page 14

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for certain employees. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme. In addition, the company makes contributions to National Health Service Superannuation funds in respect of certain care staff. As the charity has no liability in respect of any deficit on this Scheme the Scheme has been accounted for as if it were a defined contribution scheme.

Donated goods

Donated goods, services, and facilities are recognised when control over the expected economic benefits arising from the donation has passed to the charity, those economic benefits are more likely to arise than not, and the fair value of the donation to the charity can be measured reliably.

Where entitlement and probable benefits exist, yet fair value cannot be measured reliably, an estimate is included within the accounts as to the fair value of the donation, along with a description pertaining to the nature of the donation within the notes.

2.

DONATIONS AND LEGACIES

Donations
Grants		 2024
£
13
-
13		 2023
£
15,196
8,601
23,797

For the prior year, an estimate of £15,000 is included within donations, in respect of donated goods supplied to the charity in response to the COVID-19 pandemic. This estimate is based on the volume of items received being of similar size as prior years.

These PPE items include such items as gloves and masks, sanitisation products, and computing equipment to improve remote working conditions.

Grants received, included in the above, are as follows:

3.

Wiltshire County Council - Coronavirus Support
INVESTMENT INCOME
Rents received
Deposit account interest		 2024
£
-
2024
£
13,033
46,484
59,517		 2023
£
8,601
2023
£
9,320
12,443
21,763

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continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

4. INCOME FROM CHARITABLE ACTIVITIES

Activity
Contracts
Provision of homes and care
Contracts
Community resource
Grants received, included in the above, are as follows:
County Council contract care income
Community resource
Resident DSS receipts
Mobility money
Housing benefits
Other income
5.
OTHER INCOME
Gain on sale of tangible asset
6.
CHARITABLE ACTIVITIES COSTS
Provision of homes and care
Community resource
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Repairs and renewals
Equipment hire
Sundries
Motor expenses
Agency staff
Housekeeping
Residents allowances
Recruitment Fees
Depreciation
Donated Goods Expenditure		 Direct
Costs (see
note 7)
£
1,480,921
300,472
1,781,393		 2024
£
1,785,062
364,567
2,149,629
2024
£
1,596,910
364,567
149,360
21,907
6,686
18,277
2,157,707
2024
£
380
Support
costs (see
note 8)
£
314,318
63,057
377,375
2024
£
1,148,065
14,383
25,289
35,605
8,818
24,395
3,313
28,932
6,257
346,206
65,950
23,352
9,370
41,458
-
1,781,393		 2023
£
1,617,716
376,435
1,994,151
2023
£
1,444,259
376,435
136,511
24,515
6,451
5,980
1,994,151
2023
£
1,680
Totals
£
1,795,239
363,529
2,158,768
2023
£
1,151,714
13,539
21,927
28,152
9,336
30,869
3,157
27,449
6,226
165,401
63,414
20,027
8,020
42,887
15,000
1,607,118

Page 16

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

8. SUPPORT COSTS

SUPPORT COSTS
Provision of homes and
care
Community resource		 Premises
and
associated
costs
£
10,027
2,039
12,066		 Office
and
associated
costs
£
26,145
5,315
31,460		 Human
Governance
resources
costs
£
£
264,554
13,592
53,034
2,669
317,588
16,261		 Totals
£
314,318
63,057
377,375

Basis of Apportionment

Costs directly allocated to activities have been split on a project basis. Support costs have been apportioned in the same ratio as income directly received regarding the two activities which approximates to 83% and provision of care homes and 17% community resource.

Support costs, included in the above, are as follows:

Premises and associated costs

Premises costs
Office and associated costs
Office costs
Motor expenses
Telephone
Professional & consultancy fee
Bank charges
Sundries
Depreciation of tangible fixed assets
Human resources
Wages
Social security
Pensions
Payroll services
Staff training
Recruitment Fees		 Provision
of homes
Community
and care
resource
£
£
10,027
2,039
Provision
of homes
Community
and care
resource
£
£
12,258
2,492
8,228
1,673
1,909
388
1,089
222
1,247
253
11
2
1,403
285
26,145
5,315
Provision
of homes
Community
and care
resource
£
£
228,072
46,370
20,773
4,224
6,159
1,252
4,093
79
2,859
581
2,598
528
264,554
53,034		 2024
Total
activities
£
12,066
2024
Total
activities
£
14,750
9,901
2,297
1,311
1,500
13
1,688
31,460
2024
Total
activities
£
274,442
24,997
7,411
4,172
3,440
3,126
317,588		 2023
Total
activities
£
14,541
2023
Total
activities
£
13,323
10,912
4,029
1,230
1,747
13
2,103
33,357
2023
Total
activities
£
248,883
25,554
7,258
3,609
3,176
-
288,480

Page 17

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

8. SUPPORT COSTS - continued Governance costs

SUPPORT COSTS - continued
Governance costs
2024 2023
Provision
of homes Community Total Total
and care resource activities activities
£ £ £ £
Auditors' remuneration 13,592 2,669 16,261 14,391
Auditors' remuneration for non audit work - - - 468
13,592 2,669 16,261 14,859

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Auditors' remuneration 14,766 14,300
Auditors remuneration - under provision last year 1,495 91
Taxation compliance services - 468
Depreciation - owned assets 43,146 44,990
Surplus on disposal of fixed assets (380) (1,680)
Property rentals 13,033 9,320

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
1,312,238
113,286
29,391
1,454,915		 2023
£
1,292,335
110,578
30,496
1,433,409

The average monthly number of employees during the year was as follows:

Care
Administration		 2024
51
8
59		 2023
54
8
62

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£70,001 - £80,000		 2024
-
1
1		 2023
1
-
1

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continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

11. STAFF COSTS - continued

Key management personnel remuneration

The total amount of employee benefits received by key management personnel is £141,824 (2023: £167,252). The charity considers its key management personnel comprise the trustees and the Central Management Team, which is the Chief Executive Officer, the Residential Services Co-ordinator, the Supported Living Co-ordinator and the Personnel Officer.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Provision of homes and care
Community resource
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Provision of homes and care
Community resource
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
23,797
1,617,716
376,435
21,763
1,680
2,041,391
1,693,455
264,900
1,958,355
20,000
103,036
3,832,229
3,935,265		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
23,797
1,617,716
376,435
21,763
1,680
2,041,391
1,693,455
264,900
1,958,355
20,000
103,036
3,832,229
3,935,265

Page 19

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Freehold
property
£
1,686,897
4,250
-
1,691,147
627,007
34,262
-
661,269
1,029,878
1,059,890		 Fixtures
and
fittings
£
36,939
1,589
-
38,528
27,170
2,618
-
29,788
8,740
9,769		 Motor
vehicles
£
70,133
13,995
(10,500)
73,628
54,599
6,266
(10,500)
50,365
23,263
15,534		 Totals
£
1,793,969
19,834
(10,500)
1,803,303
708,776
43,146
(10,500)
741,422
1,061,881
1,085,193

The trustees are of the opinion that a current market valuation of the freehold property is between £2,500,000 and £3,500,000.

14. INVESTMENT PROPERTY

FAIR VALUE
At 1 April 2023
Revaluation
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
Fair value at 31 March 2024 is represented by:
Valuation in 2024
Valuation in 2023
Valuation in 2022
Valuation in 2021
Valuation in 2020
Valuation in 2019
Cost		 £
434,000
(17,000)
417,000
417,000
434,000
£
(17,000)
20,000
49,000
23,000
8,000
291,468
42,532
417,000

Investment property is revalued at the year end based on the fair value of the property estimated by the trustees via the use of market values of similar properties. Prior to 2019 the property was a functional fixed asset valued at depreciated cost. The large valuation adjustment in 2019 reflects the property's change of use and a change of valuation method to a fair value basis..

Page 20

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2024
£
9,124
17,892
27,016		 2023
£
9,720
24,026
33,746

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Designated Restricted Total
£ £ £ £
Fixed assets - 1,061,881 - 1,061,881
Investments 42,532 374,468 417,000
Debtors 33,765 - - 33,765
Cash at bank 2,454,251 120,000 - 2,574,251
Creditors (117,861) - - (117,861)
2,412,687 1,556,349 - 3,969,036

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Property improvements / purchase fund
Fixed Asset fund
Revaluation Reserve
Holiday Fund
TOTAL FUNDS		 At 1.4.23
£
2,338,604
100,000
1,085,193
391,468
20,000
3,935,265
3,935,265		 Net
movement
in funds
£
93,917
-
(43,146)
(17,000)
-
33,771
33,771		 Transfers
between
funds
£
(19,834)
-
19,834
-
-
-
-		 At
31.3.24
£
2,412,687
100,000
1,061,881
374,468
20,000
3,969,036
3,969,036

Page 21

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
2,209,539
Fixed Asset fund
-
Revaluation Reserve
-
2,209,539
TOTAL FUNDS
2,209,539
Comparatives for movement in funds
At 1.4.22
£
Unrestricted funds
General fund
2,263,512
Property improvements / purchase fund
100,000
Fixed Asset fund
1,097,249
Revaluation Reserve
371,468
Holiday Fund
-
3,832,229
TOTAL FUNDS
3,832,229
Comparative net movement in funds, included in the above are a
Incoming
resources
£
Unrestricted funds
General fund
2,041,391
Fixed Asset fund
-
Revaluation Reserve
-
2,041,391
TOTAL FUNDS
2,041,391		 Resources
expended
£
(2,115,622)
(43,146)
-
(2,158,768)
(2,158,768)
Net
movement
in funds
£
128,026
-
(44,990)
20,000
-
103,036
103,036
s follows:
Resources
expended
£
(1,913,365)
(44,990)
-
(1,958,355)
(1,958,355)		 Gains and
losses
£
-
-
(17,000)
(17,000)
(17,000)
Transfers
between
funds
£
(52,934)
-
32,934
-
20,000
-
-
Gains and
losses
£
-
-
20,000
20,000
20,000		 Movement
in funds
£
93,917
(43,146)
(17,000)
33,771
33,771
At
31.3.23
£
2,338,604
100,000
1,085,193
391,468
20,000
3,935,265
3,935,265
Movement
in funds
£
128,026
(44,990)
20,000
103,036
103,036

Page 22

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Property improvements / purchase fund
Fixed Asset fund
Revaluation Reserve
Holiday Fund
TOTAL FUNDS		 At 1.4.22
£
2,263,512
100,000
1,097,249
371,468
-
3,832,229
3,832,229		 Net
movement
in funds
£
221,943
-
(88,136)
3,000
-
136,807
136,807		 Transfers
between
funds
£
(72,768)
-
52,768
-
20,000
-
-		 At
31.3.24
£
2,412,687
100,000
1,061,881
374,468
20,000
3,969,036
3,969,036

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset fund
Revaluation Reserve
TOTAL FUNDS		 Incoming
resources
£
4,250,930
-
-
4,250,930
4,250,930		 Resources
expended
£
(4,028,987)
(88,136)
-
(4,117,123)
(4,117,123)		 Gains and
losses
£
-
-
3,000
3,000
3,000		 Movement
in funds
£
221,943
(88,136)
3,000
136,807
136,807

Property improvements / purchase fund

This fund is to be used for major improvements to property and towards future acquisitions.

Fixed asset fund

This fund represents the total value of fixed assets held by the charity at the year end date.

Holiday fund

This fund is set up to to enable residents who would otherwise not be able to take holidays, to have short breaks away in the UK together with the appropriate staff to support them.

Transfers

Transfers have been made in the year to update the fixed asset fund to represent the total value of fixed assets held by the charity, replenish the property fund and to set up the new Holiday fund (see above)..

20. RELATED PARTY DISCLOSURES

During the year, there were no related party transactions (2023: nil)

Page 23

continued...

Ordinary Life Project Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

21. ULTIMATE CONTROLLING PARTY

The trustees consider that the charity is jointly controlled by the trustees and that there is no ultimate controlling party.

Page 24