REGISTERED COMPANY NUMBER: 01392344 (England Wales} REGISTERED CHARITY NUMBER.. 509053 REPORT OF THE TRUSTEES AIND FIIYANCIAL SI'AI'EMENTS FOR THE YEAR ENDED5 APRIL 2023 IAS PREPARED TO 31 NIARCH 20231 FOR STOCKDALCIS OFSALE, ALTRINCIqAM & DISTRICI. LTD v'*.STOCKDALES Supporting Children & Adults with Learning Disabilities in Manchester DTE Bubine5s AdvisLrs Limited Ch￿Ie1'ed ALcoiinldnts Siatuloly Audito The Exchange 5 Ballk Street Buiy BL9 ODN Vision, Mission and Values Our Vision Our vision 15 to provide enduring support for Child￿Tr, young pètsple and adults with learning disabilities. To offeropportunilie5, excitement and new experiences that help people to live a life as full. dignif5ed and diverse as possible. A place where they can make their mark on the world and be valued as lull and equal mernbers of society. Our Mission We will encourage people lo lead full, stimulating and happy live5 and piovide opportunities lo develop skills and broaden their expe￿enCes. We will treat each person individually, taking account ol their unique needs, desires and wishes. Our Values STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD CONTENTS OF THE FINAINCIAL STATEIVIENTS FOR THE I'EAR ENDED S APRIL 2023 P?ge Refertnte & Admirti4tr*tiort Dttails Report of the Chair Report of the Trustees Report of tlie Independent Auditors 12 to 14 StAtement of FinArtti#l Activitits Ststement of Financial P05ltion 16 StAtement of Cash now5 Notes to the StAtement of CAsh Flows Nott$ to thÈ Financial Statements 19 to 31 OCKDALES OFSALE, ALTRINCHAM & DISTRICT LTD REFERENCE & ADMINISTRATION DETAILS Registered CoMpa￿Y numiTrer 01392344 11".nglaiid and Wale8} Registered Chftrity number 509053 Registered otrite SiuckdalLS 34 Flarboi'o Road Grcatei. M3￿cheste1. M33 SAH Telephone.. 0161973 2296 Lmail.. enquiriesP5tockdale5.org.uk Wtbsit¢.' www.sio¢kdal¢s.org.uk Trw5tees Aniliony Gresty Deboi%h LLigh Nigel P Mather Robin D Procloi. Steve J Adams The above iiu5tees are al￿ diiEctors of the company. Chief Executive Emma Moii'is Comp#ny Stcretary Aniliony Gresty Auditors DTE Business Advi5eis Limited Ch#rtei'ed A¢¢ountan Siaiutory Auditor5 The EXCh￿18L 5 Bank Siir¢t BLIry BL9 ODN Solicitors Ma),fricld Chambeis 228a 8￿ckpOrt Road l-imperley Cheshire WA157UN STOCKDALES OFSALL ALTRIIYCHAM & DISTRICT LTD RCFERKNCE & ADMINIST114TIOIY DETAILS BAnkers Llc?ILlays Bank l Bridgc SITeei SioLkrKJrt Cheshire SKI IXU Co-operative Bank l Ballooii Sire Manc11¢51cr Investment manager M&G Invesimeni M￿ageMe￿iLlmited 5 LdurenLe Pountney Hill London EC41£ OPIH srocKDALES OF SALE, ALTRJNCHAM & DISTRicf LTD IRECISTERED Nu￿1BEl R: 013923441 REPORT OF THE CHAIR FOR THE YEAR ENDED S APRIL 2023 Stockdales will iiiai'k its 70th ￿]nive1￿a1.Y this Ye￿.. Right IiY>m our huinble beginninbjs jii 1953. bome Iroin a despcrate plea foi. help from a local Sale resident aiid the pioneerin8 worL fiDm our foundei., Lil StuLkdalL, we have. despite many hurdles, g]i)wn aiid develo[￿ our li0tn¢5 aiid seiwiG¢% into what we hav¢ today. It is a truly remaTkable fvdt and, of¢oui%& would not be possible without the vision, detemiination and Sheer hord iVOTk of'eveiy single rKr$on who has helped us on our joumey of life-changing ¥vork. What an achievement, what un impdLt on bo mdny peoplL'S livegl All oiir honies and services al'e friendly, vibiint i)lace5 wheiE ¢veiyon¢ lives Full and happy livcs, with opportunities lo grow and thi'ive. Activitie5 aTe cirative and i%'ide-rangin& whcther it ￿ ¢ountry walks, swimmin¥ iybound th¢rapy. 5r￿rt. di?tll& kitt flyin&J. covkery. dwcing or simply enjoying life sixialising %viih family and friends. Mieir are iio limits., everyone is supwrted to niake the moxi ofev¥iy day. As Lvel., our fundamental piirpose is lo conlinue lo provide enduriiig support lo children, yoiing peoplc and adulLs wTth Icwming dT5abilitle5 and thcir familie5. We tndtavoui. to ofTei Siockdalc's suppoif to evei'.widcning comilluiiity. Although we receive funding for the.c￿E elements, of 501ne of the services we provide (from local authorities). we conliiiue lo be Slibjecl to sigiiificani fin￿l¢la] pirssure. Tli¢ healtli and so¢ial seclor ib hard-pres5ed at Ihis lime. The ¥lobal ecoiioinic silualion looks lo reiiiain challeiiging lor Ilie foirsceable fuliirE,' wc arc faced with balancing rising costs, incre&5cd Tegiilatory Tequirein¢nlS, adtnini$Lraiive burdLn& limited incomL increases and significant i¥oi'kloic£ pressures. Hoivcvei.. t1il￿Ugh ca￿rUI assessmeni and forw&rd plattning, the bo￿￿] is confident we are well-placed to weaiherthe storm and will continue tv enduiL and develop. ot'couise, all of this would not bL possiblc ￿'ithO[1t our f￿ltastiC staff teams unda. the inspirational leadership of Etnma mor￿$, our ChiefExLCUlive, and hci. scnior ic4mi. On behalf ot'cvoybody, I th￿Ik thern all. We are delighted to coniinue io irceive Support from our wonderful 5uppo1.lers and Ibnors, I would like 10 Ihank you lor your continued kindness. Dut to this generosity, we can eiihanLe Iheexpvriences of all those we Lare loi. in such uniqiie siiiroundings, ensuring they ciijoy the same opwrtunitjC5 a5 Ihcir pctis. Finally, I would likc io show my thanks md apprcciation io Iny lellow ttustee5 who ivork vcry hard behind th¢ SLene%,. despiie Iheii. own busy schedult& they fiiid time 10 coniiiiii to oveise¢ing the managetn¢nl vf SLockdalL¥, suppo1.ling ML 10 eiisure ive continue io thrive and plaii to prolecl the future of'ihe organi5alton. We look forward to another successlul ytAr and completing some ot'our planned pix)jects, and l am confi(knt StoGkdales will contirtue positively impaaing thc lives of many deserving people. I piivileged aiid proud 10 beihe Cliaii'of Triisteesof acliarity that alivays iEGogni5es ability, iiotdi58bility. 09 NiE¢l P Maihei. Ch¢kir Of Tlusleo D&e STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED SAPRIL 2023 Structure, Governance and Management Siockdales 15 a Cliarity iygi51ei.ed ii'iih ilie Cli&'ily Coinmissioii & a company liiniled by guarantee govei'iied bv it5 AiticI￿ or A550ciation, updated in 2022.'llie update Irllecls all ￿taS of tlie or8anisalioii's work and a modein charity governance miK4el. The Tr115tees. also Dircctors of the charity for thc purrrf)8es ot. thc Companies Aci 2006. prcscnr thcir rcport together ivith the ch￿.11y.S ttnaneial ￿aleMentS foi. Ihe year ended 5 April 2023. The Iiuste¢s have od0p￿d the provi%ion8 of Actouniing and Re￿rtIng b). ChaTlties.' Siaternent ot Recoinmended Pi?ctice applicable io charitie5 preparing their accounts in accol￿a￿lE ivith the Fiii¢uTrLial Repoiting Siandw'd applicable die UK aRd Republic of IIElalld IFRS 1021 (effective I laiiuary 20191. The Ti'LlStee5 contiN)I Siockdales operations. Truslees meet monihly and are familiar iviili ihe pi?ctical and opei'alional woi'k of the cliai'ity. 'lThe Ti￿SteeS mi< intain a balance of skills, qualifications. 2nd experience 10 ensure that IhL Charily and ils propert). aff tnanagcd ¢ftiGitnily and knoivledgeably. 'I'iustecs clie froill piy)fe55ional. care Ic nd business background5 and aligned to the ch&'ity'S ethos and woik. All I'ru5tees give theiriime voluntarily and receive no benefits from the charity. The Trusiee5 Ivho served diii'ing the period iv￿￿ as folloiys.. Anthony Gir5ty DelK)Tth I,eigh Nigel P Maiher Robiii D Proctor Steve J Adams -1'1115tee5 ensure that they keep up lo dale and fully iuiine. OperatlOll5 and Key Management Pe￿O￿ne1 The Bokwd of TTU5tee5 appoint5 a full-time Chief Executive IEsponsibl¢ foi. the day-￿-daY management of the charity %Vlthin the policies, s112tegy and fiiiantial Loiilrols 2PPToved by the Trusiees. Tlie ChiefExecutive is suppoited by l)vo assi8lant CEOS. a Finance Managei., tivo l-leads of Care covei'in8 Residenlial aiid Coiiiiniinitv Set)'ices. IEspectii'elJ. and a skilled business ￿ld operations tearn. In order to ascertain rctnuneralion payable. including foi. key tnanagement personnel. annual beD¢limarking extrcise 13 undeitaken to ensiirc that salaries arc eompctitive and in Itne wilh comparabl¢ rolcs and with savice5 of equivalent ¢OTnplexity. Salary level% aTe tnainiainld at ¢Otnpetitive levels to atti•¢i #Trd k¢ep the best. srocKDALES OFSALE, ALTRINCHAM & DISTRICT LTD IREGISTERED NUMBER.. 01392344) REPORT OF THE TRusfEES FOR THE YEAR ENDED S APRIL 2023 Objectives and Activities Objectives and aim5 Tlie priiicipal activity of Siockdale5 continue5 to be the Ghai'ilable prDvi%ion of per50n-centiEd eare and 8uppoi11oi' tlie welfare of childi'en alld people with severe le￿nillg disabilities alld complex healili n¢td5 living in Ihe Northwe$1. We review our aisns. objeLiives. ￿ld aciivities IhiDu8hout d)e ).¢￿. to ensLllf N%'t remain locustd oil our stated puipose5. Our Purposes and Activities Since the Ch￿'lty wa% foundcd in 1953, wc have sup￿rted ¢hildrtn and adults With It￿nIng disabilities ihroughoiii tlie North West. Stockdales provides oppoitunilies. excitenieiii and new expei'ience5 that￿abl¢ people 10 live a lifL 8$ full, di￿111ed w)d diverse as FX)ssibl< a place wliere Ihey can make Ilieir mark in the world aiid be valued a5 full and equal In¢lDb¢r5 of soEi¢iy. We encoui?ge pL￿pIe io lead full, stimulating and challenging lives and PiDvide opening5 and opwrtunities to develop skills and biy)ad¢ii their exp¢iieiice5. We Ii'eai each p¢iBoii iiidividuilly) Lotisidering ll)eir uiii4ue nttds, desires ￿ld wislies. In all thai we do. we aiin to k.. Supwrtivc, Respectful, Pl￿r¢S510na1, liinovativc, Honc5L Accountable Public benefit The TTU5t¢￿ hav¢ ionsid¢ird Chw'ily Commistsivn guidance On public benefjt in Seclion 17 01. Ilie C1]￿llI¢S Act 2011. They believe that by luifilling our objecLiv¢s lo provide person-ceiitred G￿tand welfare to those with Icarnin8and physical disabilities. thcy are providing a Public Benefit. Ourobjectives piBclically lirnitthe seivices to people living in theNorih WCSL although otcasTonally, S￿cIal circllmslances mewi sei'vice useis come from furihei. afjeld. Available accommodation currently limils full-tinie IEsid¢nts ￿ 31, bul vui" suP￿)rt sei'victs reacli Jnany inoit through our Coininunity Seiyices. Cominiiiiiiy sel.vic￿ coillbines the Life Ski115 A¢livily PIDbiraminc, Dornic￿li￿Y & Hoine Caty Supwi'l, SoLial Clubs., and our children's clLib - Stockics Juniors. Siockdales Drean Day5 initiativ¢ 5pirads oiii. Irach fuither by helping pKople and their fan)ilies with unique, tn¢moT&blc experiences. Stockdales places great emph&%is on the establishm￿1 of p051tive community relations and a¢iive engagement with lo(xl comniuniliL¥ lor mutual benelii. Stockdales objectives pi2cticall}' contain sei'vices to people Iiviii&T iii Ihe Noith W¢bl. although ocLasionally. &peLsal Liitums&nces mean serviLe users wine fix)m furthei'alield. AvailablL accommodalion in residential sei'vi 5uppoils up lo Ihiity-oiie people. Th¢ cliai'ily'5 reach is ext¢Dded Furth¢i' IhiDugh our range of CummLinil)' Services. Siockdalcs Cominunity Services coinbines Ihe Life Skills Activity Progr￿￿1￿¢. DomiGiliary & Floine Carc Supwrt. Social Clubs. Stockies Juniors Childrtns Club and our Diram Days iniiiaiive. The Services p￿vided are funded mainly by Local Authoi'ities and Health Authority bodieb diiECLly oi. itt conjunction with individuals. personal budgets. Our work over recent years 10 assisi people with special cliallenges to becoine more ind¢peiideni through Communiiy Services has dilowed us to inLrvdse the numbejs wt can siipport. STOCKDALES OFSALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER.. 013923441 REPORT OF THE TRUSTF.￿5 FOR THE YEAR ENDED 5 APRIL 2023 Strategy Achievement and Perforniance In Ilie l? Inonths since thc last Repori and A¢¢ounts. Stockdales has coiiliniied to piY>vide high-quality seivices aciDss all carc provisioiis. We have been able to mak'e invesitnents in our infraslrucluir and facilities. with buildiiig plans passed for extensions and iinprovemenis ai iwo residential sites. Our stalt. leams air our most imwitant a5Set', they are pa5510nate and skilled prolessiona15 Ivorking ac1055 complex roles, and Ihcir commitmeni 1% io b¢ applaiided. Aftei. a detailed consuliatioii aiid ivoi'king closely ivith the eare teams, we reviewed and redefined Ihe existing support woi'kei. roles and iiiirodiiccd ihc Practilioncr rolc, recognTsing our %UPPDrt 8taffs strong and prvfes5ional skill set. Rollout of the iielv role IV￿ supwried by a thorough training and COM￿teD¢V-b&Std o%qessmerti pro¢ess completed foi. Mtmrli 2023. By Ilie closL ofihe finaniial yetnic downtuill and the cnsLiing cosl of living cri%1%. We are well pts%itioned to iespond 10 futyre di%rLlPtion% and havc a comprelieiisive business coniinuiiy plan. The majority of OUT Care income is derived froni local and health &uthoi'ity fundin& and I￿re is iliLIEasing pi'essure tu ¢nbuir fee5 tnatch c0515. We ended this repoiting pei'iod iviih a vacancy tacloi. of three aciD8S rttsideiilial s¢i'vices, putting added pirssuir on I'esources. Dcmand foi. places is strong: hoivever. agreeinenl for funding li￿ been dilTiciilt 10 secure, with decisions delayed by placing aulliorilics coupled ivilli an ofttn lengthy lead time 10 eompleic Ilie reqiiired essnient5, contributing to a fee shoiifall. We have continued to improvc and strengihen our finan{* funciiofts. with additional qtaff resouTce% to improve capacity. Likelvise, we have changed oureomyany admiD15tr8tion systems. irnprovillg cotnrnunication Ivith all 5takcholders. renegotTLlting conii2cts with supplieTS and con¢enlrating on etTicient way5 of working. Siockdale5 is looking 10 (he Iuiiirt Ivith LonfidenLe, with plans in the PI￿lIne foT the developtn¢nt and gl￿W1h of Community services and expanding oiir Dreatn Days pi'oject. We are mindfiil of the cliallenge5 we face due to tlie ciii'rent economic climate and of living PTe85ure5. biit oiir piiidcnt and considcrcd 1'menl sirategies have Ettn Itvitived to itnpiDve employcc engagetnent, reivards and Iitention. We engiired that r￿miln¢￿tIon tor all icams remained competiiive and mer our oEijective of matching or oxceeding the Real Living Wagc. Our innovative and resoiircefvl recruiimeni strategy uses online recruitment boards. gocial medi& face-to-tace event5. and ernployee referral schemes. Recruilmeni is valuL-bastd and ittiects the neLd8 and aspirations of the [￿ople we siipport. We have increased reci'uilment team personnel, incirasingoiiy engagtmenl and chance ofsucee8S. We are awwr ot. the continued incitastd cost of living ciisis and its effcci on our ivorkfoire. Wt have invested in various workforce managemcnt Sy5tcms and intiDduced software emplowment programrncq to our tC8ms. promoting ernotional and financial well-being. People have easy access to their payiDII infoiThation. an online holiday booking sysiem. access to ilieii. wages and salary in real-lime, a health cashback plan and enrolmenl in a group life insi11￿ce policy. .Siockdales places considerable value on the involvcmtni of 118 cmployecs and has continued to keep ihem inlormed on Inatlci aftecting them as crnployees and the vai'lOLlS factors atyecling the charity s pertoiThance. We ivere plwed lo achievc standard Invcslois iii Pcoplc accrcdit2Éiion in Jiily 2022 gfftd have made good progre88 With our action plan. Infom)%ktion is shEllrd via formal aiid inlorinal meetings. monihly team briefines. iniemal publieaiions and the annual revieiv. Senior Inanageinent and Iruglees visii seivices iu meei %viih siatr. Ilie people i¥e silPtK)It and thLir familieb. aiiend social and Lominiinily events wlitre appix)pi'iate. Slockdalcs ensiirts all staff have a¢¢¢ss to leaming, development and training oppoilunitics. We stTive to meet our Conti￿(￿&1 and legal obligations 10 meei ihe eompleh and TrgTied needs of oui. service useTS. We are commilteil to orrcring learning opwriiinities ihai promote a clear Ca￿er paihway. Oui. dedicaied Ti?ining Manager develops and facilitate8 a structured pIDgi?mine for all Toles. f1￿M ￿ inexperienced ￿pPrentiCe embllrking on # Lareei. in social care io senior management (kvelopmtni. The continutd pe￿I)nal developm¢nt of staff in non-¢ar¢ roles is ¢oiiallv itnpoiiant, and the finance, fundrai%in8. rccruiimeni, Ope1￿lI0na1. and admini8lralive learns are pix)vided with learning and tnining opportunities. We offer a blend¢d learning appToach that mects all l¢aming typcs and need5. including online and i'irtual leaming. ¢lassroom- bas¢d group or iiidividual courses. We source 5tKcialiKd ¢xtei'nal re50urce& accessing 5UPtK>lt frosn local and nalional tiFining con%oitiuiii%. We ofrTer Pl￿1¢5510naI qiialificalions in Health & Social Care and Leadership M¢1nagetnent and have d liiBII lak'c-lip aiid siiccess rate. Role-specilic qiialilicatioiis like IOSI-I/NEBOS14. Tiaining and Educatioii Aivards and Clinical Competeiice A85essors also support our wllcagues ivith tlic skills and knowlcdge to fulfil their rolc potential. STOCKDALES OFSALE, ALTRIIYCHAM & DISTRicf LTD (REGISTERED NUMBER.. 013923441 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023 Fundraising Fiiiidiaising is an e55eiitial part of the charity financc5. iyiih all Tnonit5 l2lStd supporttng ihe cxpan510n aiid developincnl of our strvictts and day-to-day Lxpcnditurt. Our Fund12isiiig Manager oversees an established fundraising siraiegy. and a iDle realignment ond addoj diversity in thc team's skill set and focus has piDved beneficial. Siockdales is registered wilh the Fundraising Regulaior and Co￿ll￿1￿ed to fvndrai5ing in a legal, open, litsnest a￿1 respe¥iliil way in line with the Code of Fuiidraising Praclic¢. Stockdales uperat%> fundi'dlS11)b pfdLIILts thai pix)Itcl vulnerable 5Kople aiid oiliei. member5 of Ihe publiL dnd iioi reLeived ￿lY Loniplaiiits in tlie yeai. i'egai'ding ils fundraising aclivilie5. Siockdales does not conti?ct with any individual, group or company of pl￿fessIOnaL fundraisers in pu￿￿￿nCe ot. lis 01￿1nary ftindraising activities. We worf( closely with our suppoiteis and donor5 to ¢nsuiE we arc engaging with them efTeciively, moving to cunrnt digital donoi. plaitonn8 as well ￿ iiiditional niethods. Fundi?ising inconie 15 achievd fTOm nutll¢lDUb bOUTLes. including Lliarilable trusts. busille55¢5. local conimunity, individuals events. During ihe yLar, Ihese aciivities gaieraled income loi. sp¢cific projecis amounting to £129,85712022 £156,708), ￿Trd at Ilie Y¢￿'<￿d. £42,75612022 £75,614) retnaiiitd 10 be sp¢nion Ihese piojects. Our Supporters We engage with our suppoths using a variety of proven and innovativ¢ sirntegies. To ensuiE our supporters IEmaiii with u5. we proactively engage with them by phone, email, or face-LO-face meLsiin£s. W¢ regularly thank our suptM>rlers for everything they do, encouiBging and nurtui'ing thetn lo becom¢ dynamic atnbassadorn who Lhampion Iht charity and its pui'pose. l-"oi' those who have agired to r￿e1Ve comniunication5 fiDm us, w¢ distribute our newsletttr, ke¢pingoursupporters up lo date vith latest news, events., and stoi'ies froni acivss thL charily. We have a significant pirsence online and across social media platforTns, and w¢ invest subslant1￿ effort in CiEaiing iiiteractive conieni and ielling inspii*ional sioi'ies. Foi. tliosc individuals who participate in aiiy of our fundraising eveLit8, we build and develop slI￿ng rela110n￿hlps by speaking to Ilitin r¢gulw'ly over the phone ￿Thd inviting Ihern to visit uur scrviccs wlieir appropriaie and nieel lainilies and knefiGiarie5 wlIEIt PU5sible. Financial Review Financial and risk mllnagement objectives and policies The 2022123 financial year wss achallenging yew for the health and social care sectoi.. Stockdalt5 Inoved from ￿porting a net surplus of£443k ii) 2022 10 a £102k nei delicil in 2023. A nuinbei. of fact015 have influeiiced this r¢%uli, none rn0￿ so than decrease in occupancy Icvc15. Recruilrncnt Ghallengcs continu¢ a¢ross the Se￿Or, and Stockdales 15 not imrnunq with the shortfall in slaft.nurn￿rS being mci by agency workcrs with the associated addiiioTral cost5. Fee settl¢m¢nts were v￿.led and have noi fully met the rising co$is ofcare provision. In addilioll. the inLIEas¢d cost of living has imjyacied oui. IMLilts, especially with (he significaiil Increas￿ iii eneiEy bi115. food. trw15POrt olhei. daily expenses. Work. is being und¢Tlak¢n to improve 51affiTrg l¢vels a5 well as a diive 10 in¢lY￿e occupancy leve15 by r¢viewiiig seivice modd8. C&8h flow p)sitive by y¢wnd when ¢ash bdances ivere £2,809L includingour inveslrnents. STOCKDALES OF SALE, ALTRINCHAM & DISTRIcf LTD (REGISTERED NUMBER: 013923441 REPORT or TFIE TRUSTECS roR THEYEAR ENDED 5 APRIL 2023 Investment Policy 1.he I'rusiees continue to m&ximise the Itturn on available Irserves. monitoring investmcnts closely. We conlinLIL lo invesi with M&G Investmen1% using a blended mix of Charibonds and the Multi-as%et fund. Ivhich are secure. liquid and liigh- >'ielding bon(Is. In 2022123 additioiial investinents %Yere made in Multi asset fund to enhance the Itturn on the fire reserves. In 2022123. investments have not achieved the S￿1]e level of gain. In most cases. investments have seen losses due io the ¢Lonoinic crise5 such as posi-pandeinic global inflalion. rising inleirst IBte5. and the war in Ukraine. With a well-tnanaged porttolio, we have secn a Small impact on oui. invesliiienis tliis yttdl.. with aloss iJI-£53L Reserves Policy Siockdales adopts a risk-based approach to Inaiiaging ils tinancial reserves thai seeks to strike an apprt)priaie balance between linaiicial prudence and investment in seiwi¢es. Maintaining financial 5llstainability is one ot tlie kcy elemcnts in thc ch￿'Ity'S ongoing I'i8k as5e5smenl. The Trustees and Executive ieam ieview the tnain I'isks to thc GhaTity MS Part ofthcir regular piDcediiirs. including ihe reseiwes policy. The onbjoinbp Ti¥ks include income genei?tion lincliidiiig fiindraisingl, maintaining currcni and wnsisieni levels of service deliveiy, Linexpected opcrnlional cogi piY55ur¢5. d¢lay¢d payinent5. unplaniied capital requireinet]ts. suppoiting developineni. aiid hmader niacroeconoiHic lactors. The tru5tee5 have contiiiued to mainiain tlit re8erves to a Icvcl equating 10 appTOXitnately six tnonthg Gxpenditure. UnrestriGted funds iyeie mainiaiD¢d a￿ve thi5 Itvel throiTghout the yeai.. We are also aware of the rossibtlity Ihai our fundrdising efforts tnay Dot be sufficient to COTnpl¢te our neG¢55aiy and d￿1r¢d projecis. Wilh this Tn mind, tht Tiustees Set aside £447.000 in the 20?? accounts from our linr￿trI￿cd fLinds to cover an! su¢h evenlualil>'. This policy is kept underrevieiv. and ivhen PlDje¢ts QTe Cornplete OT additional funds are IEceived forthose specified projeLls. Ilie detsign￿￿ yum no longer required is released back inio the unrestricted funds pool,. consequently. the deSlBnaied sum required for the 2023124 y&qr ha8 Eten ameiided 10 £734.880. 10 STOCKDALES OF SALE, ALTRINCHAM & DIsfRicf LTD (REGISTERED NUMBER: 01392344 REPORT OF THE TRUSTEES FOR THEYEAR ENDED 5APRIL 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are r&wnsibl¢ for the stratsgic direction of the orwisation hav¢ overall reswnsibilsiy for ilie chw'ity. Trustees ¢115ur¢ that Ili¢ charity adhertg 10 the policies and procedui'es laid down by the Charities Commission and tlie C￿￿ Quality CoiiiTnis8ion. Company law requirts the trustees to prepare tinancial stsiements for each financial year which give a Irue tair view of the 8iate ot affails of the char&table cornp4ny of the incominE resources and applicalion L)l- IrbuurLes. inLludin8 the incoine ￿ expenditurc, of th¢ cli￿.￿table conipany foi. that period. In prep￿Ing those linancial 5taieiiieiils, th¢ truslccs are I'equii'cd io:_ select Suitable accouniing policies and Ihcii apply Iliem consisteiiily: obsEive the nieihods gfftd principles in Ihe Cliarity, SORP: makc jud8anenis and estimates Ihar air Irasonable and priide]it', state whether applicable accountiiig standards havL bL£n lollowed. subject to ally mateiial departuir5 disclosed and explained ITr the financial statement5- plyp￿.C the financial statement5 On the going wn¢ern basis unless it is inappiY)priate to tHEsum¢ the Lh￿.￿lable company will coniiiiue iii busiiiess. The Iiu%tees are iesponsible for keeping pl￿per accounting recoiQs which disclose with rfa50ndble tCLUI?cy al aiiy lime the fiiiancial posilion of the cliarilable cotnpany 10 cnablt Ihem lo ensuir that the financial .%taternenls comply with the Coiiipanies Acl 2006. They are a150 IrstK)Dsible fg1' 5afcgu&ding the assets ot the charitable company and hen(* for taking Irasonable steps toi. the prcvention and detection of fruud and other irregul￿.￿lI￿. In $0 far tkq the1rust￿ arc awwr.. tli¢re is no relev￿ll audit infoiTnation of which Ihc charitable company's aiiditors unaware., Jrtd the irustecs hayc iak-cn all sicps rhat ihey ought to have taken to make themselves aware of any I'elevant audit information and lo establish that Iht auditors aware ot that iiitoiination. AUDITORS The audiiors, DTE Business Adviseis Limited: will be prop08ed for re-app)intsnent at the foithLoJiiing Aiiniial Ge1i¢171 Meeiiiig. Repoil of the trii%tccE, iiicorporniing a strategic report, approved b}, or(kr of the of Irusiees. as the cornpany direc￿T$, on Q..?.-..In.:.£.p.%.l..............and signed on the board's khalf by.. N P Matlier- Trustee REPORT OFTHE INDEPENDENT AUDITORS TOTHE MEMBERSOF STOCKDALES OF SALE, ALTRIli'CHAM & DISTRIcf LTD (REGISTERED NUhqBER.. 01392344) Opinto We liave audited tlie financial 51alement5 of Stockdale5 of Sale. Alti'iiicliJTn & Distrid Ltd (the 'eharilable companVI for the year elided 5 April ?023 11,hicli comprise the Staiement of financial Activitl¢S. thc Statetnent of Financial Position. the Slatcmcnt of Cash Flows and notcq to the financial siaiemcnts. incliiding a sumtnary of 8ignifi¢ani J¢¢ounting pM)IiLies. The finanLial repoiting fi￿ne1vork that has been applied in their PlEparatlOll 18 applicable law and United Kingdom Aixounting StandW￿5 (United Kingdotn Generally AC￿epied Accounting Pixciicel. In OllT Oplllloll the fi[￿nCIal statunents.. give a Ii'LlC and tair i'ieiv of. thc statc of the cliarilable COlllP1c lly's affaits as at 5 April 2023 and of its in¢orning resourc¢5 wid applicutioii ofresourLe5. illcluding ils inwm¥ and expendiliiie. foi. Ihe year then endLd., have been pivpei'ly prqmred in accol￿ance ii'ith Unitcd Kingdom Gon¢rallv Acccpted Accounting Praclicq and h#ve b¢tn pr¢pwrd in aLLordance ivith Iht Ttyuiiements of the Companies Act 2006. B#sis for opinio We coiidiicled oiii. audit in accordance with International Standard5 on Auditing IUKI IISAS IUKII and applicable law. Our rcsponEil)ililies under those stlcndard5 aTe further d¢8cribed in the Auditors, rcsponsibilitics foi. the audit of the finan¢ial staiem¢nts se¢iion of OUT ￿P01t. We are independeni of the charitable compan>. in accordance ivith the eihiLal iequirementg thai are relevant to our audil ol. the tinancial staien)ents Ihc UK. iiicliiding Ilie FRC'S Ethical Sianddl'd, and we have luifilled our oihu. ethical responsibililies in accordance with ih¢sc rcquiretnenls. We believ¢ Ihal the aiidit evidence we have obtained is sutlicient and appiY>pi'iatc to providc a basi5 for our opinion. Conclu510ll5 relttting to going eoncern auditing tli¢ fiiiaiTrcial 51ateillents. we have concluded that the twstees. use of the going concern basi8 of accounting in the prep8raiion of the tinancial sialements is appropriatc. Bastd on Ihe work iv¢ have PErformed. Ive have not idenlitied arty material unceitainiies relating to eveiils or conditions Ihai, individually oi. collectively. may cast signif1cani doubt on the cliaritable company's ability to continue as a going oncem foi. a period of t le3St livelve tnonth% [1￿M ￿.hCn the financial slatemtnls are authorised for issue. Our responsibilities and the responsibilitie5 of the trustee5 Wlth irspe¢t io going concern desciibed in the iElevant Sections ofiliis repoit. Other informAtion 'I'he tll151ees are respoiisible forthe oihei. infomialion. Tlieother infortnationcornpi'isc8 the information included in the Anniial Report. otheT thun the financial stalerneDt5 and our Report of the Independeni Auditors thcrcon. OUT opinion on the financial statements does not cover the other information and. except to the cxtent oth•wise ¢xpliLiily slaied in Qui. r¢poT1. we do noi express any form of 8ssiii.ance conclusion Ihereoii. In connection willi oui. audit of the financial 51atementS. Oui. IfSPDnsibilTty is to irad the other infoiThalion and. in doing so, consider ivliethej. the other iiiformalion is mateiially inconsistent with th¢ financial siaiemcnts or oiii. knoi¥ledBe obtaiiied in the aiidit or otherwise appear5 to iK TllatCTially rnisstated. If we ideniTfj. %uch matcrial incon51Stencies or apparent material misslaternenls. we are iEquired to determine whether ihis gives I'ise 10 a maierial missiatemcni in the financial stalements tliemselves. Ir, based on the wo14( we have perfoi'm¢d. we conclude ihai Ilieit is a maierial mis51atemenl of Iliis ollier inforination. IVL are requiird lo IEport iliat f￿1Cl. We have iioiliing to Irport in this regard. Opinions on other matters prescribed by the Companies Act 2006 In OLir opinion, ba8ed t)n the iyork undcriakcn in thc coEirse of thc audit.. the intormaiion given in the Rewrt of the Trustecs foi. the financial year for which the financial statements a prepared is conslstent Iviili tlie tinaiicial stlc tement5', and the Report uf the Trusiees has been prepared in acco]￿8￿¢e with applicable legal rquirements. 12 REPORT OFTHE INDEPENDENT AUDITORS TOTIIE MEMBERS OF STOCKDALES OF SALE, ALTRINCIIAfvI & DISTRICT LTD (REGISTERED NUMBER.. 013923441 Matter5 on which we are required to report by exception In the light ot- the knioivledge and LiiidersiandinE ot. the Cli￿ltablE coinpany and lis envil1)t￿ellt obtained iii tlit course OF. thc dudit, we have nat idenlifi¢d illalei'ial Ini5siat¢iii¢n15 111 th¢ Report of the Tiustees. We have nothing to repoit in respect of the following matter5 wh¢iE the Compani¢s A¢t 2￿0 requiits us 10 report lo you it.. in our opinion.. adequdlt dCL4)Liniinby iknOTds have noi been kept or returns adequate foi. our audit have not been iyceiyed froin branches noivisittd by u5,. or the financial statements air not in agre£meni with the ac£ounting ircoiyjs and iEturns,' or ceiidin disclosuiys of trusiees, reiiiuiiei-alion specifi¢d by loiv are nol Tnad¢,' or we have not r¢¢¢ived all the infortnation and explanations we rtquire for our audit. RL'sptsnsibilitio$ of trustees As expldined Iiioi'e fully in the Siat¢inent ol Trustee5' Responsibilities. the tsuste¢5 Iwlio are a150 the d1￿clOr5 of the c11￿'1tablt coinpany for Ihe purposes of c4)mpany lawl are rtsponsible foi. the prep&?iion of the financial slaleineiils aiid toi. being Salisficd that Iliey give a tiue and fair vi¢w. and foi. such inl¢i'nal CDntrol as die liust￿5 deL￿1￿1nC 15 iicccssary 10 enabl¢ the prepwttion tsf financial 5tatement5 Ihfjt fre£ from material rni55tatetnent, whether du¢ to fioud or error. In prep•'ing di¢ finanGial 51ate]nents, the tru8teC5 aTe Irspon5ible for as5e55ing the ch#Titabl¢ rtsmpany's atiilTI) 10 onlinue as a goiiig concern, disclosing as applicable. matters related to going concern and Lisiiig the going conceTn basis OF accounting unlcss the Irustees LlthLr iniend io liquid￿e Ihe Lhariiable eompany or to CL8sc 0￿r￿lon8, oi. liavt no realisiic aliem2tive but 10 do so. Olli. responsibilitie5 for the audit of the finAncial 5tRternents OUT objcrlivc5 are lo obtain reasoiiable assuiincc atM)Ut whether the finanGial statement5 as a whole are frce frotn material Tni8StatetnenL iyhethei. due to fi￿Ud or enDr, and io issue a Rewit of the Independent Auditor5 Iliat i￿rIUd¢S oui. opinion. Reasonable a55uranc¢ is a high level of assurance bui is i)ol a guaixntee that an audit coiiducied iD accoidaiice with ISAS IUKI will always deteci a rnaieiial inissiaierneni %vheii li LXiSlS. missiateiiieil￿ can ai'ise fiK)iii traud or errol. and are considered Inalei'ial if. individiially or in the agwYg8ie, they coiild iyasonably be expected to intluence the econoniic decisions ot users taken on thc basis of thcsc fi[k￿claI stattmenis. ITrtgul%ritie¥, IllLluding fraud. are inslanGe5 of non' confimiaiion of Tnaierial bank balantts. tk)¢umentiDg and verifving all significant Irlated ￿rtV balanccs and I1￿sactIons. Revie%ving docum¢niaiion such as Ilie chaTlty knard minutes and corirspondellce with 501icitOls for di5CUBSlOllS Owing to the inherent limitations of an audit, the￿ 15 an unavoidable risk that ive rnay not have detected 3offlc material misqiatements in the financial statements ei'en thougli ive have properly planncd and pci'fomicd oiir audit in accoidancc viih au(lilin¥ Sthndards. 111¢ pi'imary responsibility for Ehc prev¢ntion and dacction of irregularilits and fraud rests with the trustees ofthe charity. A Iiiiihtr desci'iption of Qui. Tespon5ibilities for the audit of the financial 51ateni¢nts is located on th¢ Financial Ileporting Council'5 wcbsile al iv%vw.frc.OlE.Iiklauditor8responsibililics. This description forms part ot. our Repoit of the Independent Audiiors. Use of our report This I'epoit is made solely lo the charitable company'8 members. a5 a body. in accordance with Chaptei. 3 of Part 16 of the CoMpaIii￿ Act 2006. Oiir audil Ivol'k hag betn undLiiaktn so Ihè)I we mighi stale 10 the chariiablL company's Membe￿ those maiicrs ive arc rcqiiTitd 10 state to Ihetn in an auditors, report and foT no othei. purpo8e. To ihc fiillest cxlcnt pcrmiticd by law, Ive do not aweptoi'fjs3utn¢ r¢spon5ibility to aDyoneothw than the charitable Company and the charitable ¢ompany's mefflben% £s a body. for our audit ivoi'k. for thi5 Irport. or for the opinions we have foimed. J)L I,iona O'Loughlin (Senior Statutory Aiiditorl ror and behalf of DTF. Busin¢55 Advisers Liinited Chaitcred Ac£ounlants Sialuioiy Auditors I'lie ExLliange 5 Bank Street ljury BL9 ODN Date.. 11 October 2023 14 STOCKDALES OFSALE, ALTRINCHAM& DISTRICT LTD STATEfvIENT OFFINANCIAL ACFlVI'fibs FOR THE YEAR ENDED 5 APRIL 2023 2023 Tot¥1 funds 2022 Tota funds Unrestricted fund Restricted tiiiid8 Note5 INCOfvIE AND ENDowME￿[S FROM Donaiions and ILgaciLS 118,088 129,857 247,945 262.497 Charitable ActÉvities Charitable aciivities 4,lJ37,438 4,037,438 3.639,613 Othcr income 47,447 TotAI 4 202 973 3 984 224 EXPENDITURE ON Rwsirtg funds 116,033 116,033 101,635 ChAritAble rtttivities Payroll Lost Estab115hmcnt ws15 DepiYLialion iwel dispos￿S Vehicle and Ii'av¢l c0515 Holiday5 trips Govemanee cosis 3,151,106 836,920 104,158 31,746 32,861 92,489 3,183,967 9Z9,409 104,158 31,746 1,152 2,677.517 667,025 70.112 I,￿6 15,070 Total 4.2.f6.174 125,350 4J81,524 3.558.911 Net gaindllo55esl oil inveslinenls .$3 18.035 NET INCOMEIIEXPENDITURC, I 1106,7141 4,S07 {102,2071 443,348 Ti*iisf¥r¥ belivten 18 37J65 37 3651 INet mOVCIllErtt irt fund5 169J491 132,8581 1102,2071 443,348 RECONCILIATION OF FUNDS -roial funds biDughi froiward 6,179,766 6,255,380 5,812,032 TOTAL FUNDS CARRIED FORWARD 6 110417 6 153 173 6.255.380 The noies foirn pari ofihese financial statemeiits STOCKDALES OF SALC, ALTRINCHAM & DISTRECT LTD (REGISTERED NUMBER: 013923441 STATEMINTOFFINANCIAL POSITION5 APRIL 2023 2023 Tot*1 fund5 2022 Total funds un￿trICted fL￿d R&%iricied ti￿dS Notcs FIXED ASSETS Propei'ly, plant & eqiiipineiil Investments 3,514,2J7 1477 627 3,514237 1477 627 3.556,775 14 4,991,864 4,991864 4.687.915 CURRENT ASSETS 5,800 124,618 331739 5.800 240.651 1527 700 Debioi Casli al bank and in hand 16 124.618 1288 983 1,419.401 42,756 ,462,157 1.774.151 CREDITORS Amounts lalling du¢ within one yew. 17 1300,8481 {300,8481 (206.6861 NET CURRENT ASSETS ,118553 42,756 1,161,309 1.567,465 TOTAL ASSETS LESS CURRCINT LIABILITIES 6,110,417 42,756 153,173 6,255.380 NET ASSETS FUNDS 18 Unresti'icied funds Resti'ictcd funds 6,110,417 6,179.766 75. 14 TOTAL FUNDS The fiiTran¢ial %tateillcnt5 Iverc on...-. approved iy the Bowri of TTUSt¢es and and We￿ signed on ilg behalf by: authorised for issue O.?.:..10: Lol3 LIN, N P Maihei.. Irustee T1￿ noteb foiTll part of these financial Slaienient$ STOCKDALES OFSALE, ALTRIN'CHAM & DISTRICT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2023 2023 2022 Note5 Cash fl(kws fronj operRtiNg octivitie5 C8&h gttiitrdied Iroiii op￿-all￿nS 218212 560 336 Net ca51i piY)vided by operatii)g activities 218Z12 560 336 CR5h flows fro]JJ investing Activities Purchage of propeity, plant & equipment Purchase of fixed assel inve5tsncntS Sale of fiked ￿Se1 invesrmentS Dividellds and iiiierest received 161,6201 140U,DOO 1824.960 Net C3sh usd in investing aclivilies 1414,173 1789.2431 Chinge in tash #rtd t#sh eqkniv#lcllt5 L the reporting p£riod C*sh c&sh equivaltnts #t the begirtning of thc reporting pcrÉod 1195,9611 1228,9071 1527 700 Cash And cAsh equivalents *ttht ertd of the reporting period The noits form part of thc5e financial statemen15 17 STOCKDALES OFSALC, ALTRINCHAM & DISTRICT LTD NOTES TOTHE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIUTING ACTIVITIES 2023 2022 Iyet ineome for the reporting perÈod IAS Ptr the StAtetnellt of FinAn£ial Actkvitiesl Adjustments for: DepreLialiuii bliarge5 {GainllLoss on inveslments Dividends and inicresi rcceivcd Increage in inv¢nioTies De¢reasel{TDcreaKI in debto {DL¢rea%eyincrea5e in crediloi 1102,2071 443.348 104,158 70.112 118.0351 135.7171 147,447 116,033 293.794 Net Cash provided by operfitions 218,212 560J36 ANALYSIS or CHANGES IIY NET FUNDS At 6.4.22 Cosh flow At 5.4.23 Net cash Cash al bank and in hand ,527,700 {19S,9611 1,331,739 195 961 TotAI The notes foNn part of these financial statetnents STOCKDALES OFSALE, ALTRINCHAM & DISTRICT LTD i ufES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APIUL 2023 LEGAL STATUS Stockdales ot. Sal< Altrincliam & Dislillci Ltd is a private coiiii)aiiy, limited by giiwiiitet and T¢gi51Cltd in England & Wales. The company's rc2isicird numbcr is 01392344 and irs IEgistera oftice is 34 Flarboro Rok)d. Sale, GI￿￿ter Manehesier, M33 5AH. Tht coillpany ha5 a charitable status and tlie regi5Eertd charity number is 509053. It 15 IrgUlat￿ by the Lhariiy coiniiiisSlOlI Slllct I'egisiraiion on 30 Septemkr 1980. ACCOUNTING POLICIES Basis of preparing the fEnarLcial statements The finaiicial siatuments of IhL Lharitable conipany, which is a piiblic b¢nelit cntiiy under FRS 102, have be£n PlEpar¢d in accordance with the Charitie5 soili> IfRS 1021 'Accounling and R¢w)rtiTrg by Chw'ities.. SiaiLmLnt of Recommended Practice applicable to charities prepariiig tlieii. accounts in accordance iviih the Fin#nuial Reporting si￿d￿"d appliLable in Ilie UK knd RepLiblic of lieland IFRS 1021 leFfLCllVt l Jdnuary 20191,. financial Repoiliiig Stand￿￿ 102 '1lie financial Ilcpoiting Standard applicable in the UK aiTrd Rtpublity of Ircland. and Iht Companics Act 2006. The tinancial statements have beeli prepared under the historical c05t coiivenlion, as tnodified by the Itvdludtion of Lerlain a55els. Stockdales of Sale, Alii'incham & District Ltd me£18 the definition of a public benefit entity under FRS 102. Asseis and liabilities inii&ally ittognised ai hisiofiLal cosi or ti￿Saction value unless otherwise staled in the actouniing policy notes. Aft¢r c0115ide]'iiig th¢ role ol-Stockdal¢s of Sale, Alti'incham & r)islrict l.td within tli¢ widei. coinmunil) Idesci'itL"d on paECS 3-10 of Ihc annual I￿pOrt), invcsiment pcrformanc¢ & IL>turn and risk managcmcni, Ihe iriistees have rtasonable expecLdiion thai the Cli￿.&1Y has adequdie iysourcgs 10 ineei its spending commiiinenis for the forE%Lgable liiiuir. I'he charit). has net assets of £6,153,17312022.. £6,255,380) al theyearend. ￿le Irustccs bclicvc Ihal Ihtcharily is well placcd to manag¢ the i'i5k5 al th¢5e challcnging time5 and thcTefore continue to adopt a going ¢on¢ein bgsis ofÈtLcounting in pr¢pwin8 these financial stat¢m¢nts. Income All inLome is recognised in the Siaitmtni of FI￿LIa1 Aciivities when the ch&'iiy has entiilemLnl to Ihe fund5, it 15 pIDbablc that thc inwtnc will be received and thc atnouDt GaD nieasurcd Irliably. Income received in advaiice ol- conli?cied or provision of otlier S￿elfi¢d 5eivice is defei'r¢d until Ilie crit¢ria for income recognition are mei (see note 171. Expeiiditure Liabiliiibs arc rccogniscd as expendimre as soon as there is a legal or constructivc obligation wminitting the th￿'11Y 10 that expendilure. it its protmble Ihai ti li.￿S[er of econoinie benefils will be re4uiIEd iii seiilLineiil and th¢ 4moiint of Ik obligation cm be iiieasuird reliably. F.xpeiiditure is accouDt¢d foi. on an accruals b&%is and has beeii classified under lieadings thai aggrcgate all ￿S[S related to ihc category. Where costs Ca￿0t be diiELtly atlributed P￿tiCular headings they have been allocated to aciiviiits on a basis con5iSltni wilh the use of Ir50urccs. ExtKndituir is cla55ified undei. the following activity litading5'. C0515 of i-disiiig funds comprise of w5ts ofevenis Or¥￿ISed to raise funds lor ihe charity, Ihe payroll cost of tlie cliarity s staff aiid thcii. associated 5UPW>It Costs. Expcnditurc on chw'itablc activities iiicludes the cosis of pl￿VIding holidays and i'elated activitits by the charity's stafy IhLif ￿sOlI￿ted bupport LosI5. Other ¢xpenditUTe rep￿sents t￿5¢ item5 not f&lliiig into any other heading. li'recovwable VAT is charged as a cosi againsi iheaciivity for which the expenditUlE was incunyd. 19 continued... rocKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMEiYrs - FOR TFIE YEAR CNDED 5APRIL 2023 ACCOUNTING POLICIES - continued DI￿tt charitable expenditure DirL'CI lh￿.11(1b1e LxrKndilure represents expeiiditUTe in¢uiird in provid&ng services 10 children and adulis includes all gLnLI?l ovLiqiL*ds. Property, plAnt & equipment Depreciatioii Is pi'obidcd ai Ihc following annual rntcs in order lo writt off each asset over tts estimated useful rirehuld land and buildings General equipment Ambulance% and tnoior vehicles Fixtureb and fittings Straight line over 50 yew 20% ot. wsi 20/0 of w5t 20/0 of wst The residual values esiimaied u8eful lives and depreciaiion method of property. plant and equipment are reviewed and adju8ted as appropriate, & taih 51atetD¢nt of finallfjial ￿SitiOn date. The tffeGts of any TEvibion wt retognised in tlie income slalemenl when tlie clianges arise. Investments Invc%imenis are stated at tnarkel value. The movement in the market value 15 inGludtd 85 unrealised loss on the staiemeni orrinancial ￿tivIties. Invcstment Incotne is credited a5 incomeon ￿ accrua15 basis. using dotesof payment fvr dividends or iiit¢Ksl. Ithventorics Invcnioi"ILS alt valued at the loiyei. of cost 4Dd net reall￿￿1¢ value, ufter mllking duc allowanct for obsolcte and slow moving ilems. Cost 1$ ihe purcha$¢ price. TAxatio The Lharily is exernpt from corporntion i&¥ on ils ¢haritabl¢ aitivities. Pension eosts And othEf p05t-retirement benefits I'he cliarity otKrales a detiiied coiilril)iition peiision scheme. Conti'ibutions payable to the charity's pension s¢heme charged lo the income statement in the period to which they Irlate. Fllnd At¢ourttithg Unreslricltd frunds can be used in aceordanLe wilh the chari&ble objectives at Ihe discreiion of the trusttts. Designated funds are funds thai stt tsidc by the Irusites out of gcnci?I funds for specific fuiiiir purposes or projects. Resli'icled fund5 Ctmi only be used foi. paiticular irstricted piirp05es within the objects of the chaYity- Resli'iLtivns arise when specified by th¢ donor oi. when fund5 air i?i5ed foi. pwticular Irsli'icied pUr￿￿e$. Further explanaiion of the naiuiy and purrK)8eof each fwid 1$ included in the notes io the financial slateinents. 20 continued... STOCKDALf.s OF SAL&, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR EIYDED 5 APRIL 2023 ACCOUNTING POLICIES- continued Donations alld grallts Incoiiie froiii donalions arKI gmits, including capital grants, 15 included in incoming resouire5 when these gre r￿C]ved, excepi as tollow5'. When donors sp¢%ify thatdonations and gi?nts io the chwity must btt used in fuilliE accoui)liiig periods. thc iDcoin¢ 15 d¢ferird to Ih05epcriods. Wlien donor5 impo% wndilions, whiLh hdve 10 friillilltd belore tlie chai'ily becoine5 entitlcd to Use sllch income, the income is der￿llEd and not incliided in iiicorning resources until pre-Ll)ndiiions tor use hove been mei. When (bnoiE Specify that donations gnd grnnts for particul￿. resirtclcd puiyose5, which do not amount io pre-conditiorks Irgarding cntitlcTnent. this It￿Ome is included in incoming resources of resli'icted fvnd8 when IrLYivable. Gifts in kind are valued by the Ti'ustee8 at the estirnaied cost l)ad the Gharity b¢¢n required 10 purchase Ilieiii in Ihe m￿.ke[PlaCe Finuncial I￿struMents Thc charity oiily ente15 into basic financial instruments transa¢iions that r&gult in the iEcognition of finanLiyl assets and liabililie5 like ti-ade and other decounts receivable and payable, 108ns froni banks atld oth¢i' Il)ird parties loans to related P￿tIes. Finaiicial as3et5 thataiE measured at tost Jiid amortigcdcost al'e ass￿ed al tlieeiid of eacli reportingpeiiod forohjLCtive evidence of iinpairmcnt. If objective evidence of impaimieni is found. an impairmcnt Ioss is Ircognisa in the income statcmcni. B&%ic financial liabiliiies are initially Ineasuird at transaction price and subsequently TDe85UT¢d at amortiSL4d cosl. being the IransaLtion pi'ice less ￿lY amounts settled. Critlcal Ateouttting estimates and judgements In the applicatioii of thc cliarity'b acGounting sK)li¢ies, Ihe trustees are reqiiiiEd io inake esiiinale5 alld jud8emeni¥. The estinidles are based L)n hisioriLaI expeiiences and oihei. iylevani factoiE. Acliial iysults may ditryi. frotn the%e es1itnate& The esiiinates ait wniinually evaluated. Revisions to accounting estimates are It¢ogni$ed in the pei'iod in which the estimate 15 rcvTrsed. The estimales and (IssumpliotJ5 which hav¢ a si¥nifiLani risk of causing a Inaierial adjustm¢Dt lo the (￿771n8 ounl of assets and liabilities aiL Outliiied bclow:. Estitnating the useful ecorK)mi¢ lift of an ￿Se1 and the anlicipated residual valLie in calailating an appiDpri&ie depirciaiion Gharg¢. Detertnine whetha. Ihere are any Indicato￿ of impaii'inent of the cotnpany's tangible assets. In categorising leas¢s as finan¢e or op&ating leage$, the ii'usiees mak¢ judgements as lo wheih¢T 5ignifir2ni risks and lEw￿y18 of ownetship have Iranslerred lo the Ch￿lty as lessee. Ca511 cTh5h equivwlertts Cash ￿ld c8sli cquival¢nt$ include cagh in hand, dcposiis hcld ai call with barths and other5hort lem liquid inv¢$tments ivith origind tnaiurities of Ihrec months or Icss. 21 continuLd... rocKDALES OPSALE, ALTRINCHAM & DISTRICT LTD NOTES TOTHE FINANCIAL STATEMENTS - FOR THE YEAR ENDED S APRIL 2023 DONATIONS AND LEGACIES 2023 2022 Gilts Dotwions 247,945 262.497 INCOME FROM CIIARITABLE ACTIVITIES 2023 2022 Artivity Charitablc activities Ch￿'itable activiiics Ch&'iiable aciiviiies Conliacted care incoTn¢ Mobiliiy allowance Community service irtome 3,682,994 66,875 287.569 3,300.221 67.872 271520 4,037A38 3,639,613 OTHER INCOME 2023 2021 InvesttnEnt inwTn¢ Govcrnmeni grants Local Aiithority grants 39,539 35.717 46.397 RAISING FUNDS RAising donAtions and legAcies 2023 2D22 Staff co8ls rundraising expenditure 65,130 64.572 37.063 22 coniinued... STOCKDALES OFSALE, ALTRINCIIAM & DISTRlCt LTD NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 5APRIL 2023 CHARITABLE AcfiviTIES COSTS Supwrt costs Isee note 81 DirLYt Costs Totals Payroll costs Esiablishmeni costs Depreciation and ￿$¢1 disposals VehiLle and Ii?vel L051s' 140lidays l￿d tl'lP5 Govern8ncc cosis 3,183,967 929,409 104,158 31,746 1,152 3,183,967 929,409 104,IS8 31,746 1,152 SUPPORT COSTS 2023 Audit fecs Accounlancy services 5,169 9,890 NET INCOMEIIEXPENDITURE) Net incomellexpendiiliirl is slated after ch￿Ing1(ClEditingl'. 2023 2022 Auditors, Irmuii&?lion DeprtLidtion - owntd assc15 5,169 5,100 10. TRUSTEES, REMUNERATION AND BENEFITS Thar war no trustee5' remuneration oi. othej. b¢nefit5 (Dr the yeaT ended 5 Api'il 2023 noi. for Ihe year ended 5 April 2022. Trustees expensos Therewere no trusie¢s' expEnse5 paid lor they¢w'ttnded 5 April 2023 nor foi. Ihe ye&'¢ttded 5 April 2022. ontinued... STOCKDALES OF SALE, ALTRINCHAM & DESTRICT LTD NOTESTO THE FINANCIAL STATEMENTS - FOR THK YEAR ENDED SAPRIL 2023 STAFF COSTS 2023 2022 Wagc& 5alarie5 and related costs Social 5ecuiitv cO￿S 2,977,559 219,772 2.495.330 197.679 49.080 3 249 096 2.742.089 The average monlhly numberof emplovees duTing the year wa5 95 follows.. 2023 136 2022 135 Administration and 5UPPOrt One einployee received ernolumenls between £lOO.001- £1 10.00012022: £90.000- £99.9991. Key manogetnent pthsonnel ￿t￿penSatIOn aThounted to £314.45212022.. £298.7931. 24 continued... StOCKDALES OPSALE, ALTRINCHAM & DISTRICT LTD IYOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 5 APRIL 2023 12. COMPAIUTIVES FOR THE STATEMENT OF FINANCIAL AcTIVITI￿s Unl￿triCted fluid Total funds INCOME AND ENI)OWMENTS FROM Donaiions and legacies 105,789 156,708 261497 Chllrit#blt gctivities 3.639,613 3.639.613 Oihei. income 82,114 82.114 TotAI 3827516 156708 EXPENDITURE ON Raisiiig liinds 101,635 101,635 Charitsble activitte5 Payi￿11 costs. Esiablishment Losis Depi'eLialion and asset dispDsalg Vchiclc and ti?v¢l cost5 Holidays and ti'ips Goveinance costs 2,655.273 614.UtM) 70,112 25,906 1.646 07 22,244 53,025 2.677,517 667.025 70.112 25.906 1,6¢16 Total 3,483.642 75.269 3.558,911 Net gains on invcstmenls 18.035 18,035 IYET INCOME 361,909 81,439 443.348 Tr#thsfei'Betweert FuELds 726,963 1726.9631 Net Movement in fulld5 1,088.872 1645.5241 443,348 25 ontinued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD N(yfES TO THE FINANCIAL STATEMENTS - FOR TI.IE YEAR ENDED 5 APRIL 2023 12. COMPAIUTIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES - torttinutd Unrestricted Re5ti'icied nd Total Funds RECONCILIATION OF FUNDS TotRI funds brought fonvArd 5.090.894 721.138 5.812.Q32 TOTAL FUNDS CARRIED FORWARD PROPERTY, PLANT & EQUIPMENT Fixtures Frcehold propel GeneiBI equipina)I Motor vehicles rItt￿gs Totals COST At 6 April 2022 Addiiion% 3,685,099 13,4891 359,633 46,￿4 143,092 65,109 4,233,828 61,6ZO At 5 April 2023 81 208201 DEPRECIATION AI 6 Ap1'il 2022 Cliarge for ye￿. 197,881 77,202 359,633 119539 17.7.f2 677,053 104,158 9,204 At 5 April 2023 137 291 NET BOOKVALUE At 5 April 2023 At 5 April 2022 Included in cost or i'aliiaiion of land and buildings is freehold land of £550.000 12022 £550,000) which Ts not depreciated. A revaliiation wa5 carried out in .luly 2019 of the investment propeitie% that owned ai that dale by lan Macklin & C()tnpany. ¢hart¢r¢d valuation Silrvcyo￿. ai markct value as defined in thc RICS Appraisal and Valiialion Standards sixth edition. The TiTristees nre not aivare of any tnatei'ial ¢liange5 sin¢e th¢ last valuation. The liisiofiG of IheproFKTlies was £2.9¥)5.54012022 £2.999,0281. 26 ntinued... STOCKDALES OFSALC, ALTRINCHAM & DISTRicf LTD NOTES TO THE FINANCIAL STATEMEwrs - FOR THE YEAR ENDED 5APRIL 2023 14. FIXED ASSET INVESTMENTS Li51¢d inv¢stmcnt MARKET VALUE Ai 6 Apiril 2022 Additions 1,131,140 400,1)nO Revaluation 153,5131 At 5 April 2023 1,477,627 NET BOOK VALUE Al 5 Api'il 2023 1,477,627 At 5 April 2022 Ther¢were no inve51ment455¢ts outside the UK. The cliangt in the I￿￿4(et valuein Ihe Sia(unet)l ot'Financid Aclivities IElaies to tli¢ Gen¢ial Fund. 15. INVENTORIES 2023 2022 Inventories 5,81NI 5.800 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 TIEdt deb1015 Oiher debioi% Epayments and accrned income 46,428 7,097 133J46 8.588 124618 27 coniinued... STOCKDALES OFSALE, ALTRINCHAM & DISTRICT LTD YOI'ES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 17. CREDITORS.. AMOUNTS FALLING DUC wi'fHIN ONE YEAR 2023 2022 Ti7dc credito Social sccurilv and other t&i¢s Other creditor5 Accru•J cxp¢nses aiid defe]ird incoine 91,765 48,870 121,604 30,574 70.637 53269 52.206 DEFERRED INCOME Balance as at 6 Api'il 2022 Amoiiiii Irleased to iiicomeearned from charitableaciivities Amoiint deferred in the year 18,508) 4,678 BalaiiGe as at 5 Api'il 2023 Incoine fJx)m local akltliorilies is apwnioned acro$g the period ￿ which il rel￿e$. Deferred income ￿lSe8 ivh local aLithoi'ity gront5 have bE¢n received at the }'¢ai' end date ivhicli relate to a period after tl)e yeai. Cnd. 18. MOVEMENT IN FUNDS At 6.4.22 Net Transfer8 between Movemeni in rL1nds runds At 5.4.23 Unrestricted Funds Cien¢Tal l unds 6,179,766 1106,7141 37,365 6,110,417 Restritted Fu]Jdg Eoiiiptn¢nt Commiinity Services Dreain D2yS Garden Siockies Juniors Floliday8 Floine Sweet Home Vehicles S.316 IS J161 6.854 16.2131 18,119 138,5221 720 6.854 1,782 18,119 15,035 965 7,995 53,557 245 37 65 Total Funds 28 ontinutd... STOCKDAL8S OFSALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 5 APRIL 2023 18. MOVEMEwf IN FUNDS - corttinued Net tnovern¢nt in fvnts. included in ihe akrf)ve follows.. lTrcotning resources Resouro ¢kpeiided Gains and losses Movement Unrestricted funds G¥nerJ fund 4,202,973 14,256,174) 153,5131 1106,7141 Restricttd funds Equipnient Coniinuiiity service5 DIEam Days Garden Stocki¢5 JunioiE Holidays Home Siveet Homt Vehiclcs Christmas party 15,3161 18,146} 122,957) 128,052) 160,879) 15,3161 6,854 16,2131 18,119 138,5221 720 15,000 16,744 46,171 22,357 720 28,865 129857 12$ 3£01 4507 TOTAL FUNDS 4J32 830 102,207 CompArAtives foi. Inovement in fund5 Nei movement in funds, included iii the above are as follows.. At 6.04.21 Net Movement TraD5fei' At 5.4.22 UDre5tJ'ictEd fuNd$ Gcneral tuiid 5,090,894 361,910 726,963 6,179,767 Restritted funds Equipment Coininiiiiity services DrL'an) Days Garden Siockie8 JunioiE Holidays Hoin¢ SNv¢e¢14ome Vchicles 8,649 JO,220 13,3331 {10,2201 7,99S 13001 123,1651 245 101,716 8,500 5J16 300 76,722 53,557 245 625347 (726,9631 81,438 T￿rAL FUNDS 5,812,032 443 J48 6 255,380 29 ntinued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 5APRIL 2OZ3 18. MOVEMENT IN FUNDS - contittued Comparntive ttl movement in tunds, included in the aiN)ve are a5 follow5.. Incomin8 resour¢es Resources expended Gains and losses Moveinent in fvnds Unrestritttd fuud5 General flind Restrieted fllthds Lqiiipment Community Service8 Gaiden 8tockie8 Jiiniois Honie Siveel l-lome Dirain Days 3,827.516 (3.483,6411 18.035 361,910 2.400 20.000 15.7331 130.2201 13001 136,6611 13,3331 110,2201 13001 123,1651 101.716 7.995 245 8.500 13.496 10.001 245 8.500 350 12,0061 V¢hicle8 Clirislmas pariy 3501 156.708 175,2701 81.438 T(YfAL FUNDS 3 984.224 3 558.9111 18,035 443.348 N￿￿e of Restricted Trund ELiuipnient Cuiiiniunily service5 DreaTll F)ay5 Allotment Siockics Juniurs Stocki¢5 Junior5 salarics For the residenrs Holidi£yS Fleadonhei, Home Sweet Home Chi'islmas pwty Nature or Piirpost of the fund ProvigiDll Ot'specialist equipment Seii'ice delivay wid specialist support Providing Diram Days s cxpenses Equipment foT ollottnents Provision ofthe children's cliib Foi. the benefit of irsidents Tlie PlDViSlOli of holidays roi" Ihc benefit of l-leadonhey ttsidenis Toi¥aid5 the IEnovation of neiv home (Foi¥nliope Ai'el For the provision of Chri8tas celebraiions foi. I'tsideiits Revkluntion Reserve 2023 2022 At 6 April D¢preciation charge relat￿ to T¢vlllLiation Ai i April 1,261,351 33 1931 1,294.544 33.193 30 coniiniied... STOCKDALkS OFSALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS - continutd FOR THE YEAR ENDED 5 APRIL 2023 19. CONTINGENT LIABILITIES Sadly. diiring the ye￿. undei. IEview, a Stockdale resident pa55ed away whilst in hospital c8r¢. This plulicular individual had ¢otnpl¢¥ hulth and medical needs and, tollowing a deiei'ioration in their ￿ndillon, w8s Iransleiyed to a liospi￿1 for specixlisl car¢. An inquest is to be held 10 determine the cause of death. now scheduled for 12 DetxxnlKr 2023. Tlie inquest had been pw'i heard as ai 5 April 2023 bui was adjouined p-'nding Ihe collation aiid receii)t of luithei. medicdl evidLncc. It is not COll5ideiEd to be appropriate to include any pwvisionb for this matier within the aniiual report. 20. RELATED PARTY DISCLOSURES Their w¢r¢ no related party transactions foi'ihe year elided 5 April 2023. 21. ULTIMATE CONTROLLING PARTY Thechw'ity 15 Controlled by thetrUs￿es in the oFfi 31