Registered number- 02209114
Charity number: 298603
FREEWAYS
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ishop Fleming

FREEWAYS
CONTENTS
Page
Reference and Administrativo Details of the Company. its Tru$teos and Advi$grs
Trustees. Report
Trustees, Responslbilities Statement
Independent Audltors. Report on Ihe Financial Statements
9-11
Consolldatod Statement of Flnan¢lal Actlvlties
12
Consolidated Balance Sheet
13
Company Balance Sheet
14
Consolidated Statgrngnt of Cash Flows
15
Notes to the Financial Statements
16-31

FREEWAYS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
M S Bamett
C C Britton
C A Browne
A M Heaton
F S Morton
D Y Pincott
B E Sawyer
Cornpany registergd
number
02209114
Charity registered
number
298603
Registered office
Leigh Court Day Centre
Pill Road
Abbots Leigh
Bristol
BS8 3RA
Company secretary
Rachol Burkinshaw
Chief èxecutive officer
Claire Hayward
Independent auditors
Bishop Fleming LLP
Chartered Awountsnls
10 Temple Back
Bristol
BS16FL
Bankers
Barclays Bank pl
86 Queens Road
Clifton
Bristol
BS8 1RB
National Westminster Bank pl
13 High Street
Westbury-on-Trym
Bristol
BS9 3BF
Solicltors
Burges Salmon LLP
One Glass Wharf
Bristol
BS2 QZX
Page 1

FREEWAYS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audited financial statements of the Company for the 1
April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual Report and financial statements of the
ch?ritable company comply with the currerbt ststutory requirernenls, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to
charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffective 1 January 20191.
Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group
Strategic Report required of medium and large companies under the Companies Act 2006 (strategic Report and
Directors, Report) Regulations 2013 has been omitted.
Oblectlves and activities
a. Objectlves and aetiviti08
The objects of the charity, set out in the Memorandum of Association, can be summarised as..
To support adults with a learning disability for the public benefit.
Freeways undertakes this by supporting individuals in residential homes, in supported living servi￿$, day
services, the community and in the hydrotherapy pool.
The Freeways, Vision Slalement is A Provider of Choice this is the defining statement which ouuines 11s intent.
and ils Mission Statement, "Quality. Wellbeing and Evoluts'on" indicates the methodology by which it chooses lo
conduct its business.
Underpinning these statements are six organisalional values..
Putting People First
Having Great staff
Being Active in the Community
Planning for the future
Making Every Penny Count
Ensuring Effecbve Governance and ComplBnce
Achievements and perfomiance
a. Main achievements of the charlty
Wellbeing
In the past year, there have been a number of initiatives lo support the wellbeing of the people we support and
we have conts'nued lo work with health professionals and be proactive to prevent or support early detection of
health concerns. This has continued with the vaccination of both staff and the people we support where eligible
for Covid. flu and pneumonia.
A nurnber of seNices have invited training ft)r the people we support around understanding bowel issues and
when to be concerned_ This training was also offered to the management teams to ensure they were proaetive in
starting these really important conversations within their services.
The last few years have taken a loll on stsff working in social care,. the aftermath of the pandemic followed by the
worst staffing crisis in the sector's memory. These have put pressure on staff and we have seen an increase in
longstanding stsff leaving the sector as they have stnjggled wlh their health and wellbeing.
We therefore recognise there is a real need to support managers to walk the line be￿een fv40 competing
drivers.. the need to support staff who are struggling wtth their mental health, their menopause or other issues..
and the need of the people we support. To this end we cornrnissioned specialist training from ACAS and have
tn"alled this training with the aim of disseminating it throijghout the charity.
Page 2

FREEWAYS
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
We are taking the lime lo focus on good news stories, recognising that when we are b￿sY we tend to focus on
areas of need and risk. To balance what can feel to be a negative viewpoint for staff, we have started to focus on
sharing good news stories and have used our social media to share these more widety to highlight the great
outcomes achieved by the people we support and our staff.
We have 81so started to trial a neurtsdiversity screening tool which highlights the positive attributes of people with
neurodiversity and helps them lo identify possible reasonable adjustments we Can put in place.
The organisation, along with the Wellbeing group, have continued with a number of wellbeing actions and
worked hard to communicate these with staff. These include..
Information leaflets at key dates in the year
Employee Assistance Programme IEAP}', 24 hour confidential helpline (including access to counselling,
financial and legal advice) and online health portal.
Health Assured IEAPI Newsletters Sha￿d with 5ervi¢es
Mental Health resources lavailable on management information)
Wellbeing Group (with a member in each service)
Staff Representative Group
Occupational Health
Able Futures
Access to Work
Mental Health Awareness Training for all staff
Manual Handling training
First Aid Training
Access to the Hydrotherapy Pool at designated limes
SupeNisions
Team Meetings
Organisational Sick Pay
Employers Ne￿Ork for Equality & Inclusion
Disability Confident Employer
Financial Support Organisations i.e. Mind
Freeways continues to works with ENEI to measure our achievements around Equality and Diversity, recognising
there is still much work to be done in this area, and is looking at our training and development and procurement
processes to support contsnuous improvements over the next year.
Page 3

FREEWAYS
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Quality
A new post has been identified and recruited lo for a Quality and Operations Manager, who will sil within the
senior leadership team. The main part of their role will be lo complete deep dive audits into all services and
support managers to put improved action plans in place.
One of our newest types of service5. specialist Posrtive Behaviour Support IPBSI se￿ices which support
individuals at risk of needing a hospital placement due to the frequency, intensity and longevity of their
behaviours which can challenge others, has continued to be a real success this year.
The team supported an emergency placement whilst a permanent home could be found and received wonderful
feedback from the professionals involved about the support offered and the transition to their new home.
The HR team have worked hard to reverse the recruitment Issues which faced the sector and we finished the
year with not only a 5ignificanlly redU￿d vacancy level {7.4°Al but with no vacancies in a number of services
also.
Being Active in the Community
In the last yeaF we have really been Celebrating the volunteering and work activities of the people we support.
One individual we have supported for over 30 years has recently celebrated working for 25 years al John Lewis,
whilst another has helped a charity called Changing Lives lo upcycle furniture, raising over £2,500 to help others
make positive changes.
One other person we support is a film maker and premiered their film in London with support from the Dolby
Institute Fellowship and ran an event al a local arts centre during the year.
There have been many other sccial trips and fun even15 in the year which can be viewed on our Facebook page.
Aehieving Outcomes and Making Safe
As always there are some wonderful stories where consislenl and persistent support has made a significant
impact on the quality of life for an individual and provided outstanding outcomes for them In many of our
sefviee5.
One individual we sUPPOrt was given a diagnosed with terminal cancer and, following operations and treatment.
was then diagnosed with a significant heart condition. The prognosis was not good. In the last year they have
been told that not only have they ouuived the expectab'ons of the medical team, bul that they could also reduce
their medication due to the consislenl support ot staff and the lime spent lo help them understand and accept the
Feslriclions on Iheir life.
After 18 months of being a victim of bulling and harassment from their neighbour for a number of years, we
supported an individual to move to a new flaL They are now happily settled there and getting on well with their
new neighbours.
Another person we support had been struggling with their mental health and sensory Autism which, due 10 sound
sensitivity to the neighbour's dog, had triggered suicidal ideations. The support worker arrived lo find the
individual planned to end their life that day. and so spent the session Speaking lo the mental health crisis team
and recovery team to gel urgent support as well as putting a safety support plan in place.
Ongoing work has taken place with Curo, a housing association, regarding their access systems for people that
are Deaf and it has been confirmed that the final amendments are being made to the contract with Sign Video.
Freeways continues to support wider initiatives lo ensure quality across the region induding."
Member of South Gloucestershire Safeguarding Adults Board
Member of Keeping Bristol Safe Partnership
Member of the Slop Adult Abuse Week Group arranging events acros5 the Avon and Somerset Police Area
including multi-agency staff conference
Page 4

FREEWAYS
TRUSTEES. REPORT (CONTJNUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Evolution
Freeways have worked closely with their main landlord, Freeways Trust and specialists from the local authorities,
including occupational therapists. lo design properties to meet the needs of current and future individuals who
we may support.
Freeways Trust have been successful in their application for planning permission to build an eight bed supported
living unit with some communal space for individuals living in one of our services and another 2 units both for
one individual to expand fvrther the P8S service.
Fffeways and Trust have worked together to lake the leaming from our past P8S experiences to ensure the
highest quality for the people who wll make these houses their home and the safest environment for staff to
work with monitoring and safe exits.
The cohort from Whiles moved as a group lo a temporary accommodation in order to support the move and are
really enjoying their temporary home.
Freeways retendered for all Bristol and South Gloucestershire contracts and were successful so will continue to
support individuals across all our current services.
Our B&NES service was due lo be transferred from the HCRG group lo council at the end of this year, but due to
delay our contract was successfully renegotiated lo ensure il continues to cover costs and will run until the end
of 2024-25.
F￿ewaYS were also approached by Bristol City Council to tender for a small Supported LNing Contract as
another provider is reducing their offer locally. Freeways were $uc¢essfLtI with our bid and are hoping to start
providing the service in Clifton al the beginning of 2024-25.
The charity is continuing to embed the new A¢￿$$ system and are working to ensure that all client records
including assessment are recorded within it.
In addition the system holds the staff infonnation such as key management records and supports lime and
attendance.
The implementstion and embedding of this system is stsrttng to allow ￿PortS to be prOdu￿d lo improve our
information and monitoring, which in turn aids decision making and more tsrgeted support and training to teams.
FINANCIAL REVIEW
Golng Concorn
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial statements.
ReseNes Pollcy
The Trustees examined the need for free reserves in light of the predominant risks to the organisation, its
working capital requirements. the 2024-25 budget and future strategic plans. The policy continues to be set at
building free reserves lo at least month's expenditure to PTovide security against unexpected fluctuations in
income and expenditure due to short term service vacancies, changes in commissioning plans. costs running
higher than expected and the investment in developing new services.
Free reserves at 31 March 2024 were £1,997k12023'. £1,826kl. The organisation will look lo generate surpluses
in future years lo relain adequate reserves, although future plans may necessitate some investment of reserves.
The Trustees will continue lo review the reserves policy regulady and amend it accordingly dependent on the
strategic plans of the organisation and any changes in circumstances.
Page 5

FREEWAYS
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
a. Constitution
Freeways was established in December 1987 and the governing document Is the Memorandum and Articles of
Association of the company. Members of the Board of Trustees are the Directors of the company.
The company is limited by guarantee having no share capitsl. In the 8venl of the company being wound up every
member undertakes to contribute to the assets of the company up to an amount not exceeding £1.
b. Mothods of appointment or election of Trustees
The Trustees have delegated day lo day management of the charity lo the Chief Executive Officer who reports
on the performance against strategic plans set and agreed by the Trustees with support from the Company
Secretary.
New Trustees invited lo join the Board are selected on the basis of their experience and skills. They are invited
to visit a number of homes and to meet with existing board members before any appointment is approved.
Trustees are encouraged lo attend appropriate external training events where these would facilitate the
understanding of their role, and they are given at least bi-monthly updates by the Chief Executive Officer and,
where appropriate, other members of the Senior Mana9ernent Team.
. Related party relationships
A separate charity, Freeways Trust (Charity no.11022161, has many common Trustees but is not under common
control although both organisalions have similar charitable objects. Freeways currently leases most of its
properties trom Freeways Trust, as reftected in the accounts.
None of the Trustees receives remunerab'on or other benefit for their work with the charity. Any connection
be￿een a Trustee and a related paty or other organisation with which the charity co-operates musl be disclosed
in the same way as any other conlraclual relationship with a related paty. The charity's wholly owned subsidiary
Leigh Court Services Ltd was established to undertake trading activities on behalf of Freeways. All profits for the
subsidiary undertaking are gifted to the charity.
d. Public benefit
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due
regard lo the Charity Commission's general guidance on public benefrt, 'Charilies and Public Benefif.
Page 6

FREEWAYS
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Engagement with employees and employment of thg disabled
Employee$ have been ¢onsutted on issues of concem to them by means of regular consullalive committee and
staff meetings and have been kept informed on specific matters directly by management. The Group and the
Company carry out exil interviews for all staff leaving the organisation and have adopted a procedure of upward
feedback for senior management and the Trustees.
The Group and the Company have implemented a number of detailed policies in relation lo all aspects of
personnel matters including..
Equal opportunities policy
Volunteers, policy
Health & safety poITrcy
In accordance with the Group and the Compan￿$ equal opportunib.es policy, the Group and the Company have
longestsblished fair employment practices in the recruitment, selection, relonlion and training of disabled staff.
Fijll details of these F)olicies are available from the Companys offices.
Disclosur8 of inforniation to auditors
Each of the persons who are Trustees at the lime when this Trustees, Report is approved has confirmed that..
so far as that Tru51ee is aware, there is no relevant audit information of which the charltable group's
auditors are unaware, and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in Ofder lo be aware of
any relevant audit information and lo e5tsblish that the eharitable group's auditors are aware of that
information.
Auditors
The auditors, Bishop Fleming LLP, have indicated their willingness to continue in offi￿. The designated Trustees
will propose a motion reappointing the auditors al a meeting of the Trustees.
Ap
dbyo
r of the members of the board of Trustees and signed on their behalf by..
Fsmort
Chair of Trustees
C C Brftton
Trustee
Date.. 25 September 2024
Page 7

FREEWAYS
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees, Report and thg financial statements in accordan￿ with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel.
Company law TequiTes the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a Ifue 2nd fair view of
the state of affairs of the Group and the Company and of their incoming resources and application of resources,
including their Income and expenditure, for that period. In preparing these financial slalemenls, the Trustees are
required lo..
select suitable accounting policies and then apply them consislenily.,
observe the fflethods and principles of the Charities SORP IFRS 1021.,
make judgements and accounting estimates that are reasonable and prudent..
slate whether applicable UK Accounting Standards IFRS 102} have been followed, subject to any material
departures disclosed and explained in the financial statements,.
prepare the financial slalemenls on the going concern basi5 unles5 11 is inappropriale to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial
position of the Gioup and the Company and enable them lo ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and
hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 8

FREEWAYS
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FREEWAYS
Opinion
We have audited the financial statements of Freeways Ithe 'parenl charitable company'l and ils subsidiaries (the
'group'l for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities,
the Consolidated 8alance Sheet, the Company Balance Sheet. the Consolidated Statement of Cash Flows and
the ￿lated notes, 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, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Iieland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the Group's and of the parent charitable companls affairs as at 31
March 2024 and of the Group's incoming resources and application of resources, including its income and
expenditure for the year then ended",
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 20C6 and the Charities
Act2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UK} IISA5 IUKII and applicable
baw. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial stslements section of our report We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, induding the
Financial Reporting Council'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 sufflcient and
appropriate to provide a basis for our opinion.
Concluslons relatlng to golng Concèrn
In auditing the finanoal statements, we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial 5talemenls is appropriate.
Based on the work we have perforrned, we have not identified any matefial uncertainties relab'ng to events or
Conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable
company's ability to continue as a going concern for a period of al least tsvelve 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 Infomiatlon
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors. Report Ihereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other infomialion and,
except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion
thereon. 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 course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required lo determine whether this gives rise to a maled81 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 a￿ required to report that fa¢1.
We have nothing to report in this regard.
Page 9

FREEWAYS
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FREEWAYS (CONTINUED)
Matters on which we are required to report by exceptlon
We have nothing lo report in respect of the following matters where the Cha￿tieS {A¢counts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, Report is inconsislenl in any material Tespecl with the financial
statements,. or
the parent charitable company has not kept sufficient accounting records,. or
the parent charitable company financial statements are not in agreement with the accounting records and
returns., or
we have not received all the infomiation and explanations we require for our audit.
R¢$ponslbllltlos of trusteos
As expkined more ftjlly in the Trustee5' Responsibilities Statement, the Trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the prepaotion of the financial
stslements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the preparalK)n of financial statements that are free from material
misslalement, whether due to fraud or error.
In preparing the financial slatemenls, the Trustees are fe5ponsible for assessing the Group's and the parent
charitable company's ability to continue as a going concern, disclosing, as applicable, mallers related lo going
concern and using the going concern basis of accounting unless the Trustees either Intend lo liquidate the Group
or the parent charitable company or to cease operations, or have no realistic aliernalive but to do so.
Audltors, respongibllltles lor the audit of the flnanclal statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalemenl, whether due to fraud or error, and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS (UK) will aKvays detect a material rni5Statemenl when it exists. Misslalemenls 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 stalemenls.
IrregulaTlties, including fraud, are instances of non-compliance with laws and regulations. We design procedvres
in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities,
including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is
detailed below..
We have considered the nature of the sector, control environment and financial procedures,.
We have considered the results of enquiries with management and trustees in relation lo their own
identification and assessment of the risk or irregularities within the entity.,
We have reviewed the documentation ol key processes and controls and perfomied walkthroughs of
ITansaclions lo confirm that the systems are operating in line with docurnenlalion.
As a result of these procedures, we have considered the opportunitses and incentives that may exist within the
organisalion for fraud and identified the highest area of risk to be in relation to revenue recognition, with a
particular risk in relation to year-end cut off. In common with all audits under ISAS (UK) we are also required to
perform specific procedures lo respond lo the risk of management override. We have also obtained
understanding of the legal and regulatory frameworks that the company operates in. focusing on provisions of
those laws and regulations that had a direct effect on the delerminalion of material amounts and disclosures in
the financial slalements. The key laws and regulations we considered in this context inclLJded the UK Companies
Act, FRS 102 and UK tax legislation. In addition, we considered the provisions of other laws and regulations that
do not have a direct effect on the financial statements but compliance with which may be fundamental to the
Page 10

FREEWAYS
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FREEWAYS ICONTINUED)
Company's ability to operate or avoid a material penalty.
Our procedures to respond to the identified risks included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a olirecl effect on the financial
statements,.
Performing analytical prO￿dureS to identify unusual or unexpected fflalionships that may Indi¢ate risk of
materi81 mistalement due lo fraud.,
Reviewing board meeting minutes,.
Enquiring of management in relation lo actual and potential claims or liligations",
Performing detailed transactional testing in relation lo the recognition of revenue with a particular focus
around year-end cul off,. and
In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments,. assessing whether the judgements made in accounting estimates are
indicattve of potential bias". and evaluating the business rationale of significant transactions that are unusual
or outside the nomial course of business.
We also eommunicaled hlentified laws and regulations and potenb'al fraud rtsk5 to all membets of the
engagement team and rernained alert to possible indicators of fraud or non-complian¢e with laws and
regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material mislatemenl in the financial statements or non-cornpliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transaction5
reflected in the financial slatemenls, as we will be les5 likely to become aware of instances of non-wmpliance.
The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves
intentional concealment, ft)rgery, collusion, omission or rnisrepresentalion.
A fvrther description of our responsibilitses for the audit of the financial statements 15 located on the Financial
Reporting Counal's website at.. www.frc.o
.uk]audilorsres
Thi5 description form5 part of our
Auditors, Report.
Usg of our report
This report is made solely to the charitable company's members, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Re9ulats'ons 2008. Our audit work has been undertaken so that we might slate
to the charitable company's members those matters we are required to slate lo them in an Auditors, Report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone
other than the charitable company and its members, as a bc*ly, for our audit work, for this report. or for the
opinions we have formed.
David Butler FCA DChA
Bishop Flemlng LLP
Chartered Accountants
Statutory Auditors
10 Temple Back
Bristol
BS16FL
Dale.. 27 November 2024
Bishop Fl8ming LLP are eligible to act as auditors in terms of secbon 1212 of the Companies Act 2006.
Page11

FREEWAYS
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
£000
Restricted
funds
2024
£000
Total
funds
2024
£000
Total
funds
2023
£cKJO
Note
Income from:
Donations and legacies
Charitable activities
10
9,141
68
62
36
46
9,141
68
10
7,733
62
Other trading activities
Investments
62
15
Total Income
9,281
36
9,317
7,820
Expenditure on:
Raising funds
Charitable actr'vitses
28
8,896
28
8,928
30
7,797
32
Total expenditure
8.924
32
8.956
7,827
Net movement in funds before other
recognised gainslllossgs)
357
361
171
Other recognised gainslllo$sesl.'
Actuarial losses on defined benefit
pension schemes
20
11901
{1901
15861
Net movement In funds
167
171
15931
Re¢onciliation of funds:
Total funds brought forward
Nel movement in funds
1,926
167
1.910
171
2,503
15931
Total funds carrled lorward
2,093
112)
2.081
1,910
The Consolidated Statement of Financial Activities includes all gains and105ses recogni5ed in the year.
The notes on pages 16 to 31 form part of these financial 51atemenls.
Page 12

FREEWAYS
REGISTERED NUMBER:02209114
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
£000
2023
£000
Note
Fixed assets
Tangible assets
10
96
100
96
100
Current assets
Debtors
Cash al bank and in hand
12
1,086
1.752
973
1,591
2,838
Creditors". amounts falling due within one
year
13
1853)
{7541
Net current assets
1.985
1,810
Total assets less current Ilabllltles
2,081
1,910
Total net assets
2,081
1,910
Charity funds
Reslricled funds
14
{12)
1161
Unrestricted fvnds:
Designated fvnds
General funds
14
20
22
14
2,073
1,904
Total unrestrlcted funds
14
2.093
1,926
Total funds
2,081
1,910
The Trustees acknowledge their responsibilitses for comptying vthh the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The
an
I statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Morton
Chair of Trustees
C C Brltton
Trustee
Date.. 25 September 2024
The notes on pages 16 10 31 form part of these financial 51atemenls.
Page 13

FREEWAYS
REGISTERED NUMBER:02209114
COMPANY STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 2024
2024
£000
2023
£000
Note
Fixed assets
Tangible assets
10
96
100
96
100
Current assets
Debtors
Cash at bank and in hand
12
1,069
1,706
965
1.560
2,775
2,525
Creditors.. amounts falling due ￿th1fi one
year
13
1826}
(750)
Net Cuirent assets
1.949
1.775
Totsl assets less ¢urrent Ilabllltles
2,045
1.875
Totsl net assets
1,875
Charlty funds
Restricted funds
14
{12)
1231
Unreslricled funds
Designated funds
General funds
Unrestricted funds 8xcluding peTr$ion asset
14
20
22
1,876
1.898
14
2,037
2,057
14
Total unTeslricled funds
14
2,057
1,898
Total funds
1.875
The Company's net movement in fvnds for the y8arwas £170k12023- £1583kll.
The Trustees acknowledge their responsibilities for ¢omplying ￿th the requirements of the Act with respe¢l to
accounting records and preparation of financial statements.
The
an
I statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Morton
C C Brltton
Date.. 25 September 2024
The notes on pages 16 to 31 form part of these financial statements.
Page 14

FREEWAYS
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
£000
2023
£000
Cash flows from operatlng activitigs
Net cash used in operating aetivilies
188
(2761
Cash Ilows from Investlng actlvFtles
Purchase of tangible fixed assets
1271
1681
Net cash used in investlng aetlvltles
1271
{681
Cash Ilows from financing activities
Net cash provided by flnancing activltles
Changg in cash and cash equivalents in thg ygar
Cash and cash equivalents at the beginning of the year
161
{3441
1,935
1,591
Cash and cash equivalents at tho gnd of thg ygar
1,752
1,591
The notes on pages 16 to 31 form part of these financial statements
Page 15

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General infomiation
Freeways is a private charitable company limited by guarantee, registered in England & Wales, company
registered number 02209114 and registered with the Charity Commission, charity number 298603. Its
registered office is Leigh Court Day Cenlre, Pill Road, Bri5101, BS8 3RA.
Accountlng pollcies
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charitses SORP IFRS 1021
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities
preparing their acco(Jnls in accordance with the Financial Reporting Standard applicable in the UK.
and Republic of I￿land IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006.
Freeway5 meets the definition of a public benefit enb'ty under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stsled in the relevant
accounting policy.
The Consolidated Statement of Financial Activities ISOFAI and Consolidated Balance Sheet
consolidate the financial statements of the Company and ils subsidiary undertaking. The results of
the subsidiary are consolidated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companies
Act 2006 and has not presented its own Statement of Financial Activities in these financial
s18tements.
2.2 GOING CONCERN
Aftei making appropriate enquiries, the Trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason,
they continue lo aclopl the going concern basis in p￿ParIng the financial statements.
2.3 INCOME
All income is recognised once the Company has enlillement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Consolidated Statement of Financial Activities on 8 receivable basis. The
balance of income received for specific purposes bul not expended during the period Is shown in the
relevant funds on the Balance Sheet. Vvhere income is received in advance of enlitlemenl of receipt,
its recognition is deferred and included in creditors as deferred Inwme. Vvhere enbllemenl occurs
beft)ie income is received, the income is accrued.
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economie benefit
to a third paty, il 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 classified by activity. The Costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
lo that activity. Shared Costs which contribute lo more than one activity and support costs which are
not attrtbutable lo a single acb.vity are apportioned be￿een those activities on a basis consislenl with
the use of resourtss. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Page 16

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polici&s (continugdl
2.4 EXPENDITURE ICONTINUEDI
Expenditure on charitable activities is incufred on directly undertaking the activities which further the
Group's obieclives. as well as any associated support costs.
All expenditure is indusive of irrecoverable VAT.
2.$ GOVERNMENT GRANTS
Government grants relating to tangible fixed assets are Irealed as deferred income and released to
the Consolidated Statement of Financial Activities over the expected useful lives of the assets
con*rned. Other grants are credited to the Consolidated Statement of Financial Activities as the
lated expenditure is incurred.
2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following bases..
Motor vehicles
Fixtures and fittings
10 _ 330k straight line
20 _ 330h slraighl line
2.7 INVESTMENTS
Fixed asset investments are a form of financial instrument and are initially recognised * their
transaction cost and subsequently measured at fair value al the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured al cost less impainnenl. Investment gains
and losses, whether realised or unrealised, are Combined and presented as 'G8insl{Losses} on
investments, in the Consolidated Statement of Financial Activities.
Investments in subsidiarres are valued at cost less provision for impairment.
2.8 DEBTORS
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.9 CASH AT BANK AND IN HAND
Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similai account.
Page 17

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.10 LIABILfTIES AND PROVISIONS
Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anlicipales il will pay lo settle the debt or
Ihe amount il has received as advanced payment5 for the goods or SeNi￿S it musl provide.
Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where
the effect of the lime value of money is material, the provision is based on the Present value of those
amounts, discounted al the pre-tax discount late that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Consolidated Slalement of Financial Acts'vilies as a
finance cost.
2.11 FINANCIAL INSTRUMENTS
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial
instrurnents. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception ol bank loans which are subsequently
measured al arnortised cost using the effective Interest method.
2.12 PENSIONS
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group lo the fund in respect of the year.
The Group operates a defined benefits pension scherne and the pension charge 15 based on a full
actuarial valuation dated 31 March 2023.
2.13 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purpose$.
Restricted funds are fvnds which a￿ to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raisin9 and
administering such funds are charged against the specific fund. The aim and use of each restricted
fvnd is sel out in the notes lo the financial statements.
Page 18

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ineorne from don•tions and legacies
Unrestricted Restricted
funds
funds
2024
2024
£000
£000
Total
funds
2024
£000
Donations
Grant5
10
10
36
10
36
Unreslricled
funds
2023
£000
Restricted
nds
2023
£000
Total
funds
2023
£000
Donations
Grants
Government grants
10
Income from charitable actlvlties
Unrestricted
funds
2024
£000
Total
funds
2024
£000
Residential and community ¢are
Hydrotherapy services
8,966
175
175
9.141
9,141
Page 19

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitsble activities Icontlnued)
Unrestncted
funds
2023
£000
Total
fLJnds
2023
£000
Residential and community care
Hydrotherapy setvices
7,568
165
7.568
165
7,733
7,733
Income from other trading aetivlties
Income from non charitable trading activities
Unrestricted
funds
2024
£000
Total
funds
2024
Commercial hydropool use
68
68
UnTeslricled
funds
2023
£000
Total
funds
2023
£000
Commercial hydropool use
62
62
Anatysis of expenditure by activities
Activities
undertaken
directty
2024
£000
Support
costs
2024
£000
Total
funds
2024
£000
Residential and community care
Hydrotherapy se￿iceS
7,206
275
1,411
8,617
311
7,481
1,447
8,928
Page 20

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by actlvlties Icontlnuedl
Activitses
undertaken
directly
2023
£000
Support
Costs
2023
£000
Total
funds
2023
£000
Residential and community care
Hydrotherapy services
6,328
230
1.207
32
7,535
262
6,558
1.239
7,797
Auditors. remuneration
2024
£000
2023
£000
Fees payable to the Group's auditor for the audit of the Group's annual
aecounts
15
15
Fees payable to the Company's auditor in respect of..
All non-audit services not included above
Stsff costs
Group
2024
£000
Group
2023
£000
Company
2024
£000
Company
2023
£000
Wages and salaries
Social security costs
Contribution to defined ¢ontribution pension
schemes
Operating costs of defined knefit pension
schemes
6.515
5,695
374
6,515
5,695
374
106
106
84
39
39
7.069
6,192
7.069
6,192
Page 21

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff c05ts Icontlnued)
The average number of persons employed by the Company during the year was as follows..
Group
2024
No.
Group
2023
Care of residents
Administration
254
19
225
25
273
250
The number of employees whose employee benefits lexcluding employer pension costs) exceeded
£60,000 was..
Group
2024
No.
Group
2023
No.
In the band £70,001- £80,000
In the band £80.001 - £90,000
The key management personnel comprise the Chief Executive, the FinanTr Director, the Senior
Managers and the HR Manager. The total employee benefits of the key management personnel ol the
charity was £362k12023. £339kl
Trustees, remuneratlon and expenses
During the year, no TDJStees received any remuneration or other beneffts12023 - £NSL}.
During the year ended 31 March 2024, expenses totalling £194 were reimbursed or paid directly to 1
Trustee12023 - £NILI.
10. Tangible fixed assets
GROUP AND COMPANY
Motor Fixtures and
vehicles
rittings
£000
£000
Total
£000
COST OR VALUATION
At 1 April 2023
Additions
22
840
27
662
27
At 31 March 2024
22
667
689
Page 22

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Tangible flxed assets (contlnuedl
GROUP AND COMPANY ICONTINUED}
Motor Fixtures and
vehicles
fittings
£000
£000
Total
£000
DEPRECIATION
At 1 April 2023
Charge for the year
10
552
27
562
30
At 31 March 2024
13
579
592
NET BOOK VALUE
At 31 March 2024
88
97
At 31 March 2023
12
88
100
11. Flxod asset Investments
Prlnclpal subsidiaries
The following was a subsidiary undertaking of the Company..
Name
Company
number
Registered office OT principal Principal actlvity
place of business
Leigh Court Services Limited
06434021
Leigh Court Day Cenlre, Pill
Road, Abbots Leigh. Bristol,
BS8 3RA
Trading activities gn
behalf of Freeways
Holding
Included in
consolidatlon
The financial results of the subsidiary for the year were..
Name
Income
£000
Expenditurg ProfitllLoss}
£000 for the year
£000
Net assets
£000
Leigh Court Services Limited
68
35
33
35
Page 23

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Debtors
Group
2024
£000
Group
2023
£000
Company
2024
£000
Company
2023
£000
DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
703
637
685
629
43
15
321
43
340
15
321
1,086
973
1,069
965
13. Creditors: Amounts falling due within one year
Group
2024
£000
Group
2023
£000
Company
2024
£000
Company
2023
£000
Trade creditors
other laxalion and social security
Other creditors
Accruals and deferred income
241
107
288
217
156
92
240
107
262
156
92
61
fj5
441
217
441
853
754
826
750
Page 24

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Statement of funds
SLitemont of funds - ¢urTgnt ygar
Balance at
31 March
2024
£000
Balance at 1
April 2023
£000
Gain
{Lossesl
£000
Income Expenditure
£000
£000
UNRESTRICTED FUNDS
General funds
Designated fund - Hardship
fijnd
1,904
9,280
{8,9211
(1901
2,073
22
(31
1,926
9,281
{8,9241
{1901
2,093
RESTRICTED FUNDS
Working and learning
opportunities
Workforce Development Fund
Wellbeing Grant
Hydrotherapy Grant
Digital Social ca￿ Records
Grant
1221
{51
{1}
11}
{19)
25
125}
116}
36
132)
112)
TOTAL OF FUNDS
1,910
9,317
18.956)
11901
2,081
Page 25

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Ststemgnt of funds (continued)
Statement of funds - prlor year
Balance at
31 March
2023
£000
Balance at
1 April 2022
£000
Gainsl
(Losses)
£000
Income Expenditure
£000
£000
UNRESTRICTED FUNDS
General fvnds
Designated fvnd - Hardship
fvnd
Designated fund - Pension
reserve
2,022
7,814
{7,9321
1,904
22
22
482
104
15861
2,526
7,814
17,8281
15861
1,926
RESTRICTED FUNDS
Working and learning
opportunities
Workforce Development Fund
Wellbeing Grant
1291
1221
121
1231
1161
TOTAL OF FUNDS
2,503
7,820
{7,827)
15861
1,910
Page 26

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Summary of funds
Summary of funds - current year
Balan¢e al
31 March
2024
£000
Balance at 1
April 2023
£000
Gainsl
ILossgsI
£000
Income Expendlture
£000
£000
General funds
Restricted funds
1,926
116)
9.281
36
18,9241
1321
{1901
2,093
112}
1.910
9.317
18.9561
11901
2,081
Summary of funds - prlor year
Balance at
31 March
2023
£000
Balance at
1 April 2022
£000
Gainsl
ILossesl
£000
Income Expenditure
£000
£000
General funds
Rgslricted funds
2,526
1231
7,814
{7,8281
15861
1,926
{161
2,503
7.820
17,8271
{5851
1,910
16. Analysis of ngt assets ￿tween funds
Analysis of net assets between funds - ¢urrenl perlod
Unrestrlcted Restrlcted
funds
funds
2024
2024
£000
£000
Total
funds
2024
£000
Tangible fixed assets
Current assets
CTeditors due within one year
96
2,838
{8531
2,838
18411
1121
TOTAL
2,093
112}
2,081
Page 27

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 klARCH 2024
16. Analysis of ngt assets between funds {contlnuedl
Analysis of net assets between funds - prlor period
Unrestricted
funds
2023
£000
Reslricled
funds
2023
£000
Total
funds
2023
£000
Tangible fixed assets
Current assets
Creditors due within one year
100
2,564
{7381
100
2,564
17541
(161
TOTAL
1,926
1161
1,910
17.
Reconciliation of net movement in funds to net cash flow from oporatin9 activltles
Group
2024
£000
Group
2023
£000
Net incomelexpenditure for the peiiod {as per Statement of Financial
Acliviliesl
361
171
Depreciation Charges
Increase in debtors
Increase in creditors
Income on defined benefit pension scheme
30
21
11141
13791
193
11041
11901
NET CASH PROVIDED BYIIUSED IN} OPERATING ACTIVITIES
188
12761
18. Analysis of cash and cash equivalents
Group
2024
£000
1,752
Group
2023
£000
1,591
Cash in hand
TOTAL CASH AND CASH EQUIVALENTS
1,752
1,591
Page 28

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Anatysis of changes in net debt
At 1 April
2023 Cash flows
£000
At 31 March
2024
£000
£000
1,591
Cash at bank and in hand
161
1,752
20.
Penslon commitments
The Group operates a defined benefit pension scheme.
The assets of the scheme are held separately from those of the group in an independently administered
fund. The pension cost ¢harge represents contributions payable by the group to the fund and amounted lo
£106k12023'. £84kl.
The scheme is closed to future accrual. A schedule of contributions is agreed he￿een the Company and
the trustees of the scheme after each comprehensive valuation.
The most ￿ent comprehensive actuarial valuation took pla￿ as at 31 March 2021. Under the current
schedule of contributions, the Company shall pay contributions of £128k per annum until 31 D￿mber
2026. The Company shall also pay the expenses of administering the scheme.
Independent consulting actuaries, Quantum Advisory. update the actuarial valuations al each balance
Sheet date.
Pdncipal actuarial assumptions al the Balance Sheet date (expressed as weighted averages)..
At 31 March At 31 March
2024
2023
Discount rale
4.7
Rate of pri¢e inflation (RPII
Rate of increase for pensions in deferment
Rale of pension increases.. pensions from 6 April 1997 to 31 March 2001
Rate of pension increases.. pensions accrLted from a April 2001
3A
At 31 March At 31 March
2024
2023
Years
Years
Mortality rates lin years)
- for a male aged 65 now
- al 65 for a male aged 45 now
- for a female aged 65 now
at 65 for a female aged 45 now
21.3
23.8
21.9
22.8
22.3
24.2
25.4
24.9
Page 29

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Ponsion commltments {coTrtinued}
The Group's share of the assets in the scheme was..
At 31 March Al 31 March
2024
2023
£000
£000
Equities
Commodoties
Fixed interest
Cash
Annuities
1.022
3,097
191
1,034
353
37
3,563
337
19
TOTAL FAIR VALUE OF ASSETS
4,941
4,712
The actual return on scheme assets was £261 k {2023- £1255kl}-
The amounts recognised in the Consolidated Statement of Finanryal A¢livities a￿ as follows..
2024
£000
2023
£000
Past service cost
Expected return on scheme asse15
Interest on obligation
TOTAL AMOUNT RECOGNISED IN THE CONSOLIDATED STATEMENT
OF FINANCIAL ACTIVITIES
39
11391
124
12211
159
1621
24
Movements in the present value of the defined benefit obligation were as follows..
2024
£000
Opening defined benefit obligation
Interest cost
3,458
159
Actuarial lossesl{gainsl
Benefits paid
Past service ¢osts
151
{1601
CLOSING DEFINED BENEFIT OBLIGATION
3,608
Page 30

FREEWAYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20.
Penslon commitments (continued)
Movements in the fair value of the Group's share of scheme assets were a5 follow5..
2024
£000
Opening fair value of scheme assets
Interest income
Actuarial gainsl{losses)
Contributions by employer
Benefits paid
CLOSING FAIR VALUE OF SCHEME ASSETS
4,712
221
128
{160)
4.941
The Group has an unrecognised surF4us of £1,333,000 12023.. £1,254.000} in respect ot ils defined
benefit pension scheme as il does not expect lo recover the plan surplus either through reduced
contribub'ons in the future or through refunds from the plan.
21. Operatlng lease commltments
At 31 March 2024 the Group and the Company had commitments to make fubjre minimum lease
payments under non4ancellable operating leases as follows..
Group
2024
£000
Group
2023
£000
Company
2024
£000
Company
2023
£000
Not later than 1 year
Later than 1 year and not later than 5 years
13
13
33
17
33
17
22. Related party transactions
The Trustee$ also ￿PreSent the majority of the Board of Trustees of Freeways Trust, a charitable
company that provides residential and day care serviees building facilities for persons with leaming
disabilities. Freeways leased the charity's properties and paid £535k12023.' £510kl to Freeways Trust in
the year ended 31 March 2024.
Freeway$ Trust paid £3k12023'. £Nil} lo Freeways in respe¢t of management charyes and was paid £SSk
12023.. £54kl by Freeways in ￿Spect of management ¢harge$. At the year end Freeways Trust owed
F￿eWaYS £3k {2023.1£3kll.
F￿eWaYS made purchases in the year amounting lo £66k from Apollts IT, a company of which the brother
of a member of key management personnel is a director. The purchases ￿lated lo telephony, IT support
and consumables. The balance owing to Apollo IT al the year end was £3k.
Page 31