COMPANY REGISTRATION NUMBER: 01417036 CHARITY REGISTRATION NUMBER; 508551 Teesside Ability Support Centre Company Limited by Guarantee Financial Statements 31 March 2024 CHIP HA E MANNER Chartered Accountants & statutory auditor 384 Linthorpe Road Middlesbrough TS5 6HA
Teesside Ability Support Centre Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 12 Statement of financial position Statement of cash flows 13 14 Notes to the financial statements 15 The following pages do not form part of the financial statements Detailed statement of financial activities 30 Notes to the detailed statement of financial activities 32
Teesside Ability Support Centre Company Limited by Guarantee Trustees, Annual Report (Incorporaling the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the company for the year ended 31 March 2024. Reference and admlnlstratlve detalls Registered charity name Teesside Ability Support Centre Charity registralion number 508551 Company registration number 01417036 Principal oflice and registered Acklam Road office Middlesbrough TS5 4EG The trustees Mr W Mason Mrs L Magson Mrs A Heath Mrs M Annett Mr M Nelson Mr V Farrell Mrs A Osbourne Mr S Sidgwick Mrs L Sidgwick (Appointed 1 September 2023) {Resigned 31 August 2023} (Resigned 30 September 2023) Auditor Chipchase Manners Chartered Accountants & statutory auditor 384 Linthorpe Road Middlesbrough TS5 6HA Bankers National Westminster Bank PIC 250 Bishopsgate London EC2M 4AA Structure, governance and management Governing document The charity is governed by its Memorandum and Articles of Association.
Teesside Ability Support Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Struciure. governance and management (conlinued) Governing body The trustees, who are required under the Articles to serve as members of the charity, are elected at a full trustees, meeting and requirgd to meet specifications concerning eligibility, porsonal competence, specialist skills and local availability. Trustee-training New trustees are inducted inlo the working environment of the charity, and also ol the company as a registered charity. including trustees, policy and procedures. Organisational management The trustees meel monthly io delermine the general policy of the charity and review its overall management and control for which they are legally responsible. Risk management The trustees have conducted their own review of the major risks to which the charity is exposed. External risks to funding will be mitigated by allowing for diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects ol the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity. Objeclives and activities Objectives and aims To promote and provide care opportunities for social development to adults with disabilities. Strategic aim and objectives The charitvs strategic aim is the attainment of providing the best possible care, support and opportunities for adults with disabilities. The individuals that attend the centr@ can develop their social skills through interaclion wilh large groups and other individuals. Principal activity The charity's principal activity continues to be the provision of care and opportunities for the social development to adults with disabilities.
Teesside Ability Support Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Achievements and performance Achievements and performance In ear 2023 we secured a five-year conlract, on a block basis, with our biggest Local Authorily Customer, this provides financial security and gives us the confidence to make longer-term plans. We retain our good reputation with our Local Authority and NHS customers and our service users (Members) All our customers are paying on a block basis and this negates the significant potential loss of income that Covid 19 and or other long term member absence would othetwise pose to the charity. We have a consistent level of users and demand for our services is high, we are near capacity, for users with greater needs. and have established a waiting list. Satisfaction levels from our Local Authority and NHS customers and our users remain high. In the year in question we also attracted donations and grants from a number of individuals and organisations bolh financial and in kind and we are very grateful for their generosity. We operated with a surplus of income for the year and this was pleasing. We have had input from established volunteers and we are grateful for all their help and support. For example gardening maint&nan¢e and help with producing our newsletter. Public Benefit The trustees are delighted that the organisation has been able to continue to benefit disabled adults this year. Membership remained high wilh 104 concurrent Members by ihe year end.
Teesside Ability Support Centre Company Limited by Guarantee Truslees, Annual Report (Incorporating the Director's Report) (¢ontinued) Year ended 31 March 2024 Financlal revlew Financial Review The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets I'the free reserves") held by the charity should be between 3 and 6 monlhs of the resources expended, which equates to between £280,106 to £560,212 in general funds. At this level. the trustees feel that they would be able to continue the current activities of the charity in the event of a significant reduction in funding, in the medium temi. We have made legally binding dilapidalions commitmenls to our Landlords, Scope National, to reinstate the land and building back lo Ihe condition they were in in 1957. Since then we have made alterations to the building that would need reinstaling and additional buildings on the land that would require demolishing. We have ring-fenced £200,000 lo ensure these commitmenls can be honored and they should not be considered as part of normal reserves. Investment powers, policy and performance The Trustees believe that cash deposits and the purchasing of stock market linked investment trusts are the most appropriate policies for investing funds. The portfolio is considered to be conservative risk. Other funds are held as cash deposits. This position is reviewed on a regular basis. Plans tor future perlods The charity has partnered with Pilotlight and is now receiving strategic business support to drive sustainable growth. The partnership between Teesside Ability Support Centre, Pilotlight, and the Garfield Weston Foundation marks a significant mileslone in our journey lowards growth and innovation. By leveraging Ihe knowledge and experience ol business experts, we aim to solidify our position as a leading force in empowering individuals with disabilities and driving positive change in the community. The work with Pilotlight is expected lo produce a new business plan, vision. mission statement and the exploration of new avenues for grant generation and olher income streams with our users, staff and other stakeholders. The trustees conlinue to utilise the remaining bequest monies that were received in 2019 for tho benelit of Members. The Charity plans to continue the activities outlined above in the coming year subject to continued satisfactory funding arrangements.
Teesside Ability Support Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Trustees. responsibililies statemenl The trustees, who are also directors for the purposes of company law, are responsible for preparing the Irustees, report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the company irustees lo prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and Ihe incoming resources and application of resources, including the income and expendilure, lor Ihat period. In preparing these financial statemenls. the trustees are required lo: select suitable accounting policies and Ihen apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounling estimates that are reasonable and prudent. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of Ihe persons who is a Iruslee at the date of approval of this report confirms Ihal: so far as they are aware, there is no relevant audit information of which the company's auditor is unaware,. and they have taken all steps thal they oughl to have taken as a truslee lo make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable lo companies entitled lo Ihe small companies exemption. The trustees. annual report was approved on 18 December 2024 and signed on behalf of Ihe board of Irustees by: Mrs M Annett Chair of Trustees
Teesside Ability Support Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Teesside Ability Support Centre Year ended 31 March 2024 Opinion We have audited the financial stalements of Teesside Ability Support Centre (the 'companW) for the year ended 31 March 2024 which comprise the statement of financial activities {including income and expenditure account}, stalement of linancial position, statement of cash flows and Ihe relaled noles, including a summary ol significant accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepied Accounting Practice). In our opinion Ihe financial stalements- give a true and fair view of Ihe stale of the companls affairs as at 31 March 2024 and of its incoming resources and application of resources. including ils income and expenditure. for the year then ended. have been properly prepared in accordanca with United Kingdom Generally Accepted Accounting Practice,. have been prepared in accordance with the requirements of the Companies Act 2006. Basis tor opinlon We conducted our audit in accordance with International Standards on Auditing (UK} IISAS IUKI} and applicable law. Our r6sponsibilities under those slandards are further described in the auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance wilh the ethical requirements that are relevant to our audil of the financial statemenls 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 relatlng io golng 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 statemenls is appropriate. Based on the work we have performed, we have not identified any malerial uncertainties relating io events or conditions thal, individually or colleclively. may cast significant doubt on the company's abilily 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. Emphasis of matter The comparative figures wgre not audited.
Teesside Ability Support Centre Company Limited by Guarantee Independenl Auditor's Report to the Members of Teesside Ability Support Centre {contlnued) Year ended 31 March 2024 Other infomiation The other information comprises the information included in Ihe annual report, other Ihan the financial statements and our audilor's report thereon. The trustees are responsible for the other inlormation. Our opinion on the financial stalemenls does not cover the olher information and, except lo the extent olherwise explicilly staled in our report, we do not express any form of assurance conclusion thereon. In connection with our audit ol Ihe 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 statemenls or our knowledge obtained in the audii or otherwise appears to be materiaily misstated. If we idenlify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misslatement in the financial stalements or a material misstatement of the other information. If, based on the work we have performed, we conclude Ihat there is a material misstatement of this other information, we are required to report that facl. We have nothing io report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceplion In the lighl of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounling records have not been kept, or returns adequale lor our audil have not been received Irom branches not visited by us. or the financial statements are nol in agreement with the accounting records and returns. or certain disclosures of truslees. remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. or the trustees were not entitled to prepare the financial statements in accordance with tho small companies regime and take advantage of the small companies, exempiions in preparing the directors, report and Irom Ihe requirement to prepare a strategic report.
Teesside Ability Support Centre Company Limited by Guarantee Independenl Auditor's Report to the Members of Teesside Ability Support Centre Icontinuedj Year ended 31 March 2024 Responslbllllles of trustees As explained more fully in the trustees, responsibilities statement, lh8 trustees (who are also the directors lor the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied thal 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 thal are free from material misstatement. whelher due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's ability to conb'nue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic altemalive l)ut to do so.
Teesside Ability Support Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Teesside Ability Support Centre {eontlnued) Year ended 31 March 2024 Auditor's responsibilities for Ihe audit ol the financial statements Our objectives are to obtain reasonable assurance aboul whether Ihe financial statements as a whole are free from material misstatemenl, whether due lo fraud or error, and to issue an auditor's report thal includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audil conducted in accordance with ISAS (UK) will always detect a material misstatement when il exisls. Misstatements can arise from fraud or error and are considered material if, individualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detecl material misstaternents in respect ol irregularities, including fraud. The exlent to which our procedures are capable of detecting irregularitles, including fraud is detailed below: The objectives of our audit are to identify and assess the risk of material misslatement of the financial statements due to fraud or error. It is also our objective to obtain sufficient appropriate audit evidence regarding the risks we have assessed and respond as appropriate to them. Even though an audit is planned and performed in accordance with Ihe ISAS (UKI. an audit has an unavoidable risk that material misstatements in the financial statements may not be detected. In identifying and assessing the risk of material misstatement in respect of irregularities, including fraud, our audit procedures included the following.. We obtained an understanding ol the legal and regulatory frameworks applicable to the charitable company and the environment in which they operate. We obtained an understanding of how the charitable company ensures their compliance with the applicable legal and regulatory frameworks through inquiries to the management and those charged with ensuring such compliance within the charitable company. We corroborated our inquiries Ihrough a review of transactions within the financial statements that were linked to compliance wilh laws and regulations. We also reviewed any available board minutes. We assessed the suscepiibility of Ihe charitable companys financial statements to material misstatement with regards to how fraud might occur. Audit procedures performed by the team included-. Idenlifying and assessing the effectiveness of controls the management of the charitable company has in place to detect and prevent possible fraud.. Understanding how those involved with ensuring compliance considered and addressed the polential override of controls or undue influence over the financial reports., Challenging any major assumptions and judgements that the management used in any significant accounting estimates., Reviewing journal entries made with emphasis placed on those with unusual combinations and those around the accounting year end: and Assessing the extent of compliance with applicable laws and regulations.
Teesside Ability Support Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Teesside Ability Support Centre {¢ontinued) Year ended 31 March 2024 As part ol an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, design and perform audit procedljres responsive to Ihose risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resutting from fraud is higher than for one resutting from error, as fraud may involve collusion. forgery, intentional omissions. misrepresentations. or the override of internal conlrol. Obtain an understanding of internal control relevant to the audit in order to design audit procedures thal are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness ol the trustees. use of the going concem basis of accounting and. based on the audil evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the relaled disclosures in the financial stalemenls or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However. future events or conditions may cause the company to cease lo continue as a going concern. Evaluate the overall presentation, Slructure and content of the financial statements, including the disclosures, and whether the linancial statements represent the undérlying transactions and events in a manner that achieves fair presentation. 10
Teesside Ability Support Centre Company Limited by Guarantee Independent Auditor's Report lo the Members ol Teesside Ability Support Centre (Continued) Year ended 31 March 2024 We communicate with those charged with governance regarding. among other matters. the planned scope and liming ol the audit and significant audit findings. including any significant deficiencies in internal control thal we identify during our audit. Use of our r8POrt This report is made solely to the 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 companws members those matters we are required to state to them in an auditor's report and for no other pljrpose. To the fullest extent permitted by law, we do not accept or assume responsibility io anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. M Firth BA (Hons), FCA (Senior Statutory Auditor} For and on behalf of Chipchase Manners Chartered Accountants & statutory auditor 384 Linthorpe Road Middlesbrough TS5 6HA 18 December 2024 11
Teesside Ability Support Centre Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted tunds Total funds Nole Income and endowments Bequest and voluntary income Charitable activities Investment income Activities for generating lunds Total income 9,924 1,107,424 10,134 61,062 63,007 72,931 1,107,424 10,134 61,062 12,264 981.643 3,426 52,273 1,188,544 63,007 1,251,551 1,049,606 Expendlture Expenditure on charitable activities Total expenditure 9,10 {1,076,8801 11,076,880) 120,4761 11,097,356) {1.005,145} {20,476) 11,097,356) (1,005,145) Net losses on investments 12 (326) {3261 (4,5561 Nei income and nel movement in funds 111,3S8 42,531 153,869 39,905 Reconcillatlon of funds Tolal funds brought forward Total funds carried forward 929,813 10,487 53,018 940,300 1,094,169 900,395 940.300 1,041.151 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 28 lorrn part ot these flnancial staternenls. 12
Teesside Ability Support Centre Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Notè Flxed assets Tangible fixed assets Investments 18 19 365,286 72,270 437,556 313.986 102,703 416,689 Current assets Stocks Debtors Cash at bank and in hand 20 21 1,405 98,913 586,879 687,197 1.323 133.527 415,068 549.918 Creditors: amounls talllng due withln one year Nel current assets 22 {30,584} 656,613 (26.307) 523,611 Total assets less current liabiliti8s 1,094,169 940,300 Net assels 1,094,169 940,300 Funds of the charity Restricted funds Unrestricted funds 53,018 1,041,151 10,487 929,813 940.300 Tolal charity lunds 24 1,094,169 These financial statements have been prepared in accordance with the provisions applicable to companies subjecl to the small companies, regime. These linancial statements were approved by the board of trustees and authorised for issue on 18 December 2024, and are sigr3ed on behalf of the board by.. Mrs M Annett Chair of Trustees The notes on pag•$ 15 to 28 fomi part ol th6sé linaneial staternènts. 13
Teesside Ability Support Centre Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash tlows from operating actlvltles Net income 153.869 39,905 Adjustments for.. Depreciation of tangible fixed assets Net losses on investments Dividends, inlerest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expenses 47,788 326 (462) {9,672} 549 2,593 41,610 4,556 {909) {2.517} 421 265 Changes in.. Stocks Trade and other debtors Trade and other creditors (82} 34,614 1,684 {114} (59.342) (7,4081 16,467 Cash generated from operations 231,207 Interest paid Interest received 1549} 9,672 {421 } 2,517 Net cash from operating aclivities 240,330 18,563 Cash flows from investing activities Dividends, interesl and rents from investments Purchase of tangible assets Proceeds from sale of tangible assets Purchases of other investments Proceeds from sale ol olher investments 462 1108,1271 9,039 1159) 30,266 909 (5,9411 {17,177) 16.444 (5,765) Net cash used in investing activities 168,5191 Net Increase In cash and cash equivalents Cash and cash equivalents at beginning of year Cash and ¢ash equivalents at end ol year 171,811 415,068 12,798 402,270 586,879 415.068 The notes on page$ 15 to 28 fonn part ol thoso financial statemonts. 14
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Financial Statemenls Year ended 31 March 2024 General information The company is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Acklam Road, Middlesbrough, TS5 4EG. Statement ol compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounling policies Basls of preparallon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at lair value Ihrough income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charItS ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualrfying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102.. (a) Disclosures in respecl of financial inslrumenls have not been presented. Judgements and key sources of eslimalion uncertainty The preparalion of the financial statements requires management to mak8 judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 15
Teesside Ability Support Centre Company Limited by Guarantee Notes Io the Financial Stalemenls (continued) Year ended 31 March 2024 Accounting policies (contlnued) Fund accounting Unrestricled funds are available for use at the discretion of the trustees to lurther any of the charilvs purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and lall into one of two sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefils associated with Ihe transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of enlillement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunleers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned il unspent, in which case it may be regarded as restricted. 16
Teesside Ability Support Centre Company Limited by Guarantee Notes to Ihe Financial Statements {conHnuod} Year ended 31 March 2024 Accountlng pollclas {contlnued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which il relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurrgd by a charity in undertaking activities thal further its charilable aims for the benefit of Its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to Charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part ol its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consis18nt basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated deprecialion and impairment losses. Any tangible assels carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the stalemenl of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown wilhin other recognised gains and losses on the statement of financial activities. Depreciaiion Leasehold property Plant and maGhinery Motor vehicles Straight line over the life of the lease 1/0 reducing balance 25 /0 reducing balance Leasehold properties are depreciated over the life of the lease. Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. 17
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Financial Ststements (¢ontinued) Year ended 31 March 2024 Accounllng policies Icontinued) Inveslmenls (continued) Listed investments are measured at lair value with changes in fair value being recognised in income or expendilure. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, wilh Ihe recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible r8versal at each reporting date. For the purposes of impairmenl lesting, when it is not possible to estimate the recoverable amount of an individual assel, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest idenliliable group of assets that includes the assat and generates cash inflows that largely independent ol the cash inflows from other assets or groups of assels. For impairment testing of goodwill, the goodwill acquired in a busin8ss combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies ol the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. Stocks Stocks are measured at the lower of cost and estimaled selling price less costs to complete and sell. Cost includes all costs of PLJrchase. costs of conversion and other costs incurred in bringing the stock to its presenl localion and condition. Deflned contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contribLJtions are not expected to be seltled wholly within 12 months ol the end of the reporting date in which the employees render the relaled service. Ihe liability is measured on a discounted present value basis. The unwinding of the disGount is recognised as an expense in Ihe period in which it arises. Limited by guarantee Teesside Ability Support Centre is a company limited by guarantee and accordingly does not have a share capital. Every member ol the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in Ihe event of ils being wound up while he or she is a member, or wilhin one year afler he or she ceases to be a member. 18
Teesside Ability Support Centre Company Limited by Guarantee Notes to Ihe Financial Staleh)enls leontinued) Year ended 31 March 2024 Bequest and voluntary income Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 1,334 Legacles Bequests and legacies 8,590 8,590 Granls Grants 63,007 63,007 9,924 63,007 72,931 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 3.764 3,764 Legacies Bequests and legacies Grants Grants 5,500 9,264 3,000 8,500 3,000 12,264 Charilable aclivilies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Middlesbrough Day Care Block Stockton Day Care Block Dalby View Day Care Block Direct Payments and other income Transport income {members/fuel/rebatel North Yorkshire Day Care Block Hydropool income 600,626 109,986 8.782 250,100 600,626 109,986 8.782 250,100 550,062 96,049 7,843 210,273 550.062 96,049 7,843 210,273 126,850 6,125 4,955 1.107,424 126,850 6,125 4,955 112,381 5,035 112,381 5.035 1,107,424 981.643 981.643 19
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Investment income Unrestricted Tolal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from listed investments Bank interest received 462 9,672 10,134 462 9,672 10,134 909 2,517 3,426 909 2,517 3,426 Activilles for generallng funds Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gain on disposal of tangible fixed assets held for charity's own use Other services and sales Income from fundrsIng events Miscellaneous income (5,6901 56,875 8,763 1,114 (5.690) 56,875 8.763 1,114 47,281 4,913 79 47,281 4.913 79 61,062 61,062 52.273 52.273 Expenditure on charltable actlvities by fund iype Unrestricled Funds Restricted Total Funds Funds 2024 Centre activities and subsistence Centre maintenance and development Care and development activities Travelling and vehicle maintenance Support costs 51.835 93.780 631,973 49,667 249.625 6,863 6,948 58,698 100,728 631,973 49,667 256,290 1,097,356 6,665 1,076,880 20,476 Unrestricted Funds Restricled Total Funds Funds 2023 Centre activities and subsistence Centre maintenance and development Care and development activities Travelling and vehicle maintenance Support costs 51,877 104,586 613,283 56,923 172,922 999,591 2,855 1,956 54.732 106,542 613,283 56.923 173.665 743 5,554 1,005,145 20
Teesside Ability Support Centre Company Limited by Guarantee Notes to the FAnancial Statements (continued) Year ended 31 March 2024 10. Expenditure on charitable activities by aclivity type Activities undertaken directly Support costs Total lunds 2024 Total fund 2023 Centre activities and subsistence Centre maintenance and development Care and development activities Travelling and vehicle maintenance Governance costs 58,698 100.728 631.973 49,667 58.698 100,728 631,973 49,667 256,290 54.732 106.542 613,283 56.923 173.665 256,290 841,066 256,290 1,097,356 1.005.145 11. Analysls of support costs Support costs Total 2024 Total 2023 Stalf costs Premises Communications and IT General office Finance costs Govemance costs 186,071 4,097 6.788 1,327 549 50,033 248.865 186.071 4.097 6,788 1,327 549 50.033 112,747 4,813 5,979 1,326 421 48,379 173,665 248,865 12. Net losses on investments UnrestriGted Tolal Funds Unrestricled Total Funds Funds 2024 Funds 2023 Fair value gain/lloss) on listed investments Gainsl(losses) on listed investments 804 {1,130) 1326} 804 (1,130) 1326) (695) {3,861 } 14,5561 (695) {3,861 } (4,5561 13. Net income Net income is stated alter chargingllcrediting): 2024 2023 Depreciation of tangible fixed assets Loss on disposal of tangible fixed assets 47,788 5.690 41,610 21
Teesside Ability Support Centre Company Limited by Guarantee Noles to the Financial Statements (contlnued) Year ended 31 March 2024 14. Auditors remuneration 2024 2023 Fees payable for the audit of the financial statements 3,400 15. Independenl examlnatlon lees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 3,240 16. Particulars of employees The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 724,090 54,261 22,843 801.194 637,305 48.053 18,512 703,870 The average head count of employees during the year was 33 (2023: 301. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. All employees 33 30 No employee received employee benefits of more than £60,000 during the year12023: Nil). 17. Trustee remuneration and expenses No salaries or wages have been paid to the trustees during the year. No trustee or employee was remunerated with more than £60,000 during the year. During the year 2 trustees were reimbursed a total of £696 for travel expenses incurred. 22
Teesside Ability Support Centre Company Limited by Guarantee Notes lo the Financial Ststements (contlnued) Year ended 31 March 2024 18. Tanglble flxed assets Short leasehold property Plant and machinery Motor vehicles Total Cost At 1 April 2023 Addrtions Disposals At 31 March 2024 131,830 975 383,548 25,674 (58,584} 350,638 402,436 81,478 141,3651 442.549 917.814 108,127 199.9491 925.992 132,805 Depreciation At 1 April 2023 Charge for the year Disposals At 31 March 2024 283,543 14,493 {51.037) 246,999 320,285 30.540 {39,873) 310,952 603,828 47.788 (90.910) 560,706 2,755 2,755 Carrying amount At 31 March 2024 130,050 103,639 100,005 131,597 365,286 At 31 March 2023 131,830 82,151 313,986 19. Investments Listed investments Cost or valuatlon At 1 April 2023 Additions Disposals Fair value movements 102,703 159 (31,396) 804 At 31 March 2024 72,270 Impaimienl At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 72,270 102,703 At 31 March 2023 All investrnents shown above are held at valualion. Flnanclal assels held at fair value Listed investments are measured al their fair value at the year end. 23
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Financial Statements (nIInUed) Year ended 31 March 2024 20. Stocks 2024 2023 Finished Goods 1,405 1,323 21. Debtors 2024 2023 Trade debtors Prepayments and accrued income 92,947 5,966 131.055 2,472 98,913 133,527 22. Creditors." amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 2,101 8,287 13,050 7,146 2,674 5,694 10,436 7,503 30,584 26,307 23. Pensions and olher post retirement benefits The amounts recognised in income or expenditure as an expense in relation to defined contribution plans was £23,55912023- £18,512). 24
Teesside Ability Support Centre Company Limited by Guarantee Notes to Ihe Financial Stalemenls (continued) Year ended 31 March 2024 24. Analysls of charitable lunds Unrestrlcted lunds At Gains and31 March 202 losses At 1 April 2023 Income Expenditure General funds Fixed asset fund 755,857 173,956 1,188.544 (1,076.880} 1326} 867.195 173,956 929.813 1,188,544 11,076,880) (326) 1,041,151 At Gains and 31 March 202 losses At 1 April 2022 Income Expenditure General funds Fixed asset fund 713,398 173,956 887,354 1,046,606 (999,591) 14,556) 755.857 173,956 1,046,606 {999,5911 14,556) 929,813 Purposes of unrestricted funds The general funds are donalions and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds lo enable the charity to fufil its objectives, to meet existing commitments and to provide a reasonable working capital base. The fixed asset fund has been setup to assist in identifying those funds that are not free funds and represent the Gost of tangible assets to be purchased by the charity from funds designated for that purpose. Restricted funds Al Gains and31 March 202 losses At 1 April 2023 Income Expenditure Restricted funds 10,487 63,007 (20,4761 53,018 At Gains and 31 March 202 losses At 1 April 2022 Income Expenditure Restricted funds 13.041 3.000 (5,554) 10,487 25
Teesside Ability Support Centre Company Limited by Guarantee Notes to Ihe Financial Stalemenls (Continued) Year ended 31 March 2024 24. Analysis of charitable funds (continued) At 1 April 2023 Fund Fund At 31 March receipts expenditure 2024 The Boshier-Hinton Foundation SFX)rt Grant Jack Brunton Charitable Trust The Teesside Charity Golden Giveaway - Jane Dec 2021 Bruce Wake Charitable Trust ScrewFix Tees Valley Community Foundation Peter Harrison Foundation Laura Hughes Tees Valley Community Foundation Garfield WestonlPilot Light The Klahr Charitable Trust 256 900 2,625 248 900 2,297 328 1,531 1,321 191 130 1,340 1,191 96 1,020 2,734 96 1.020 342 986 649 358 2,392 1,514 5,851 142 2,500 6,500 500 The Calherine Cookson Charitable Trust The Morrisons Foundation Tesco Groundwork Acklam Community Council The Jack Brunton Charitable Trust The Rothley Trust Hudson Charitable Trust Cash Donation - Lizzie The Edward Gosling Foundation Garfield Weston Foundalion The Clothworkers Asda Foundation 600 6,857 1,000 200 2,000 1,400 300 150 10,000 10,000 20,000 400 387 5.962 213 895 1.000 175 25 2,000 1,400 300 150 1,250 1,250 2,500 400 8,750 8,750 17,500 The Teesside Charity 600 600 10,487 63,007 20,476 53,018 Purposes of restricted funds The purpose of The Boshier-Hinton Foundation Trust fund is to purchase devices and subscriptions that aided members to socially distance during Coronavirus lockdowns. The purpose of the Sport Grant fund is to purchase sporting goods and fund sporting activities and related training for charty staff. The purpose of the Jack Brunton Charitable Trust lund is to purchase trampolines and olher associated equipment. The purpose of The Teesside Charity Golden Giveaway fund is to purchase trampolines and other associated equipment. The purpose of the Bruce Wake Charitable Trust fund is to purchase trampolines and other associated equipment. 26
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 24. Analysis of charitable funds (¢ontinuod) The purpose of the Screwfix fund is to purchase gardening supplies and equipment. The purpose of the Tees Valley Community Foundation fund is to purchase computer equipment and the printing of newsletters. The purpose of Ihe Peter Harrison Foundation fund is to fund activities for the members. The purpose of the Laura Hughes fund is to purchase an abilty swing for the centre. The purpose ot the Tees Valley Community Foundation 2 fund is to purchase gardening supplies and equipment. The pUoSe of the Garfield WestonlPilot Light fund is to produce communications for members and stafl about changes to the charity's strategy. The fund will also cover staff training costs thal are required relating to this change in strategy. The purpose of the The Klahr Charitable Trust fund is to purchase sensory equipment for the main centre. The purpose of the The Calhgrine Cookson Charitable Trust lund is to purchase art supplies and b¢)oks. The purpose of the The Morrisons Foundation fund is to purchase a new Acheever Bed. The purpose of the Tesco Groundwork fund is to purchase sensory equipment at the hub. The purpose of the Acklam Community Council fund is io fund the purchase of a new minibus for the charity to provide travel to its users. The purpose of The Jack Brunton Charrtable Trust is to fund activities for the members. The purpose of The Rothley Trust lund is to fund activities for the members. The purpose of the Hudson Charitable Trust fund is to fund activities lor the members. The purpose of the Cash Donations fund is lo fund activities for the members. The purpose of The Edward Gosling Foundation lund is to fund the purchase of a new minibus for Ihe charity to provide travel to its users. The purpose of the Garfield Weston Foundation fund is io fund the purchase of a new minibus for the charity io provide travel to its users. The purpose of The Clothworkers fund is to fund the purchase of a new minibus for the charity to provide travel to its users. The purpose of the Asda Foundation fund is to fund a Christmas party for the members. The purpose ot The Teesside Charity fund is to fund a Christmas party for the members. 27
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2024 25. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current Assets Creditors less than 1 year Net assets 323,171 72,270 676.294 (30,584) 1,041,151 42.115 365,286 72,270 687,197 (30,584) 1,094,169 10,903 53,018 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investments Currenl Assets Creditors less than 1 year Net assets 408,757 7,932 416,689 547.363 (26,307) 929,813 2,555 549,918 (26,3071 940,300 10.487 26. Analysis of changes In nel debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 415,068 171,811 586,879 27. Related parties During the year £4,19412023: £6,120) was paid to a connected company of which a truste8 is a director. The amounts were paid in relalion to Iraining services and are deemed to have been made at arms length.
Teesside Ability Support Centre Company Limited by Guarantee Managemenl Information Year ended 31 March 2024 The tollowing pages do not tomi part of the financial statements. 29
Teesside Ability Support Centre Company Limited by Guarantee Detsiled Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Bequest and voluntsry Income Donations Bequests and legacies Grants 1.334 8.590 63,007 3,764 8.500 72,931 12,264 Charilable activities Middlesbrough Day Care Block Stockton Day Care Block Dalby View Day Care Block Direct Payments and other income Transport income (memberslfueVrebate} North Yorkshire Day Care Block Hydropool income 600,626 109,986 8,782 250,100 126,850 6.125 4,955 550,062 96.049 210,273 112,381 5,035 1,107,424 981.643 Investmenl Income Income from listed investmenls Bank interest received 462 9,672 10.134 909 2,517 3.426 Activilies for generating funds Gain on disposal of langible fixed assets held for charity's own use Other serviGes and sales Income from fundraising events Miscellaneous income 15,690) 56.875 8,763 1.114 47,281 4,913 79 61,062 52,273 Tolal income 1,251,551 1,049,606
Teesside Ability Support Centre Company Limited by Guarantee Detailed Statement of Financial Aclivities (contlnued) Year ended 31 March 2024 2024 2023 Expenditure Expenditure on charitable activities Wages and salaries Employer's NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Olher motor/travel costs Legal and professional fees Telephone Other olfice costs Depreciation Impairment Other interest payable and similar charges Training and holiday expenses Canteen expenditure Slaff training, recruitment and clothing {724,0901 (637,305) (54,2611 (48,053) 122,843) {18,512) {27,924} (27,516} 15,6231 (3,885) 122,140) (5,1201 (19,928} {47,438) 14,0971 {4,813} 149,6671 (56,9231 (8,992) 16,770) {4,329) {3,950} (26,440) (23,909) 147,788) {41,610) (858) (549) 1421) 110,840) 18,376) (56.365} (53,948) {10,622} (16.596} {1,097,356) {1,005,145) Total expenditure (1.097,356) {1.005,145) Nel losses on investments Fair value gain/{lossl on listed investments Gainslllossesl on listed investments 804 {1.130} {326) {695) {3,861) (4,556) Net income 153,869 39,905 31
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable aclivilies Cenlre adivitie8 and subsislence Actlvllles undertaken directly Training and centre holiday expenses Canteen expenditure (10.840} {47,8581 158,698) {8,376} (46,356) {54,732) Centre mainlenance and development Activltles undertaken directly Satellite centres rent Rates & water Light & heat Repairs & maintenance Other office costs 127,924) (27,516) (5,623} (3,885) {22,1401 {5,120J 119,928) (47,4381 125,113) (22,583) {100,7281 1106.542) Care and development activities Activities undertaken dlrectly Wageslsalaries Employer's NIC Pension costs Stafl expenses Stalf Iraining. recruilment and clothing (559,4531 1534,6501 138,821) 138,086) (16,849) (18.388} 16,2281 {5.5631 110,622) {16,5961 {631,973} (613.283} Travelllng and vehicle maintenance Actlvltles undertaken dlreotly Travel and vehicle expenses Govornance costs Wages and salaries Employer's NIC Pension costs Insurance Accountancy fees {49,667} (56,923) {164,637} {102,655) {15,4401 {9.967} 15,994) (1241 {4,097} (4,8131 {3,420) Carried forward 1190,168} (120,979) 32
Teesside Ability Support Centre Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (conNnued) Year ended 31 March 2024 2024 2023 Brought forward {190,168) {120,979) Audit fees Legal and professional fees Committee expenses Telephone Printing, postage and stationery Depreciation Bad debts Bank charges Computer costs 15,400) 12,553) {1,039} 14,329} 11 ,3271 147,788) 1858) 1549} (421) 12,2791 (2,029} 1256,290) {173,665) (2,663) {687) {3.950} (1,326} (41,6101 Expenditure on charitable activilies 11 ,097,3561 {1,005,1451