REGISTERED COMPANY NUMBER: 01392344 (England and Wales) RECISTERED CHARITY NUMBER: 509053 REPORT OF THE TRUSTEES AND FINANCIAL sTATE￿IENTs FOR THE YEAR ENDED S APRIL 2024 (AS PREPARED TO 31 MARCH 2024) FOR STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD v"*.STOCKDALES Supporting Children & Adults with Learning Disabilities in Manchester DJH Audit Limited Accouniants Statutory Auditors The Exchange 5 Bank Street Bury BL9 ODN ## **Vision, Mission and Values** ## **Our Vision** Our vision is to provide enduring support for children, young people and adults with learning disabilities. To offer opportunities, excitement and new experiences that help people to live a life as full, dignified and diverse as possible. A place where they can make their mark on the world and be valued as full and equal members of society. ## **Our Mission** We will encourage people to lead full, stimulating and happy lives and provide opportunities to develop skills and broaden their experiences. We will treat each person individually, taking account of their unique needs, desires and wishes. ## **Our Values** STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Page Report of the Chair Report of the Trustees Report of the Independent Auditors 12 to 14 Statement of Financial Activities 15 Slatement of Finaneial Position 16 Statement of Cash Flows 17 Notes to the Statement of Cash Flows 18 Noles to the Financial Statements 19 10 30 STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD REPORT OF THE CHAIR FOR THE YEAR ENDED S APRIL 2024 It never ceases to amaze Ine how quickly lime flies by as I sit down to reflect and report on the key events of the year. Now in its 71 st year Stockdales continues to fulfil its fiindamental objective and that of course is to offer support to adults, young people and children with learning disabilities both lo¢ally and throughout the region This report will highlight our achievements, challenges and plans moving fonvard. Whilst we achteved most of our planned objectives by improving the infrastructure of our residential house5 by complcting extension and ilmprovemenl work.s in t￿10 properties, investing in and addiiig to. our organiialional structure, the year also brought about many challenges. Financially. we experienced one of the most difficult years for wme lime and the key performance faclors are detailed within thi£ report together with the year-end accounis. As a result of various reasons beyond our control thc Imain ¢ontributing factor to the outcome was the fact that we had up to ihree vacancies wiihin our homes and in an unprecedented year we were unable to fill them in the nornial time frame that it has historically taken. In positive news ihe anticipated resuli for the year at one point was looking very concerning and it is only for the tough decisions the board had to lake. along with the fonvard thinking of the CEO and the senior team that we thankfully were able to mitigate the situaiion. l am pleased to report at the time of writing that we now have full occupancy and a robust plan in place to try and ensure we have some continuity in dealing with vacancies. Although we receive funding for the 'care elements, of some of the services we provide (from local auihorilies). we continue to be subject to significant financial pressure. The health and social care sector is hard-pressed at this time. The global economic situation looks to remain challenging for the foreseeable future: we are faced with balancing rising costs. increased regulatory requirements. administrkltive burdens and limited income increases, ho￿.eVer, through careful assessment and plannin(F the board is confident we have everyihing in place to deal with all the challenTres that come our way and moreover continue to improve and develop our service. All our homes and services wntinue to be friendly, vibrant places where everyone lives happy lives and has opportunities to grow. and thrive. Within Community Services we coniinue lo help and support a wider reach supporting many people and their families throughout the Northwest. Of course, all of this would not be possible without our fantastic staff teams under Ihe inspirational leadership of Emma Morris. our Chief Exe¢utive, and her senior team. I continue lo be inspired by your dedication and commitment and for this I thank you all. on behalf of everyone. We are delighted to continue lo receive support from our wonderful supporters and donors, I would like to Ihallk you for your continued kindness. Due lo this generosity, wc can enhance the experiences of all those we care for in such unique surroundings, ensuring they enjoy the same opportunities as their peers. Finally, I would like to show my thanks and appreciation to my fellow trustees who work extremely hard behind the scenes: despite their own bus! schedules, they find lime to commit to overseeing the management of Stockdales. supporting me to ensure we continue to thrive and plan lo protect the future of the organisalion. We look forward to anoiher successful year and completing somc of our planned projects, and l am confident Stockdales will continue positively impacting the lives of many deserving people. Nigel P Mather Chair of the Trustees Dale STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 The trustees who are also directors of the chariiy for the purposes of the Companies Act 2006, present their report with Ihe financial statements of the charity for ihe year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reponing by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with ihe Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) leffeciive l January. ?019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal activity of Siockdales continues to be the charitable provision of person-centered care and support for the welfare of children and people wilh severe leaming disabilities and complex health needs living in the Northwest. We review our aims, objectives, and activities throughout ihe year to ensure we remain focused on our stated purposes. Our Purposes and Activitie5 Since ihe charity was founded in 1953, we have supponed children and adults with learning disabilities throughout the North Wesl. Stockdales provides opportunities, excitemeni and new experiences that enable people io live a life as full. digTrnified and diverse as possible, a place where ihey can make their mark in the world and be valued as full and equal members of society. We encourage people to lead full, stimulxting and challenging lives and provide openings and opportunities to develop skills and broaden their experiences. We treat each person individually, considering their unique needs, desires and wishes. In all thaE we do, we aim to be.. Supportive, Respectful. Prof¢ssional, Innovative, Hon¢st, Accountable Public benefjt The Trustees have reviewed the Charity Commission's guidance on public benefit, as outlined in Section 17 of the Charities Act 201 l. They ar¢ confident that by achieving our objectives to provide person-centred care and sUPPOrt for individuals wilh learning and physical disabilities, we are delivering a clear public benefit. While our services primarily focus on individuals in the Northwest, we ocexsionally extend suppon to serviLe users from other regions under special circumstances. Currently, our residential accommodation supports up to i I full-time residents. However, our broader impacl is achieved through a wide range of Community Services, including the Life Skills Activity Programme. Domi¢iliary & Home Care Support, Social Clubs. and Stockies. our children's club. Addilionally, Ihe Sioekdales Dreain Days initialive further expands our reach by offering unique and memorable experiences for individuals and their families. Stockdales places great einphasis on building strong relationships and engaging actively wilh local communities for muiual benefit. Although our residential services arc liinited lo 31 individuals, our impacl is significantly amplified through our comprehensive Community Services. Our services are primarily funded by Local Authorities and Health Authorities, either directly or through individuals, personal budgets. These provisions are further strengthened by additional resources generated througli our fundraising activities. STOCKDALES OF SALE, ALTRJNCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 OBJEcfIvES AND ACTIVITIES Key Areas of Operationl Our Services Stockdales operates through two core areas= Residential Services and C.ommunitv Services, both dedicated to supporting individuals who need exira help to achieve fulfilment and happiness in their lives. Residcntial Services provides care and support for 31 individuals, along with their families and extended networks. Community Services includes Life Skills. Domiciliary Services. and Social Clubs. all working together to help a wider group of people thrive in the community. Historically and financially. Residential Services have been ¢entral to our work. 93 /0 of our care income comes from the provision of comprehensive residential care to individuals with learning disabilities and complex health needs across five houses. In comparison, Community Services account for around 7 % of our care income bul reach up to 200 individuals and families. c.ommunity Services includes our Life Skills Activity programme, Domiciliary Home Care Support. and Social Clubs. Life Skills provides a dynamic and evolving range of activities and events. while Home Care Support assists individuals in their homes and offers access to community-based activities. Together. these services empower individuals with learning disabilities lo expand their skills, knowledge. and experiences, enabling them to embrace the challenges and rewards of daily life. Our social support offers include Stockies, a vibrant children's club for ages 5-16, and a social club for older people. Stockies provides a safe and supportive environment where children can play, Inake friends. and take part in activities like music. dance. crafts, Cooking, drama, and more. Due to high demand, we have expanded the number of available places and will continue to explore increasing the number of days. Our Social Club allows people to Inaintain lifelong friendships and make new friendships in a safe and SUp￿rtive environment. The activities are led by the members, and there is a high demand for places. Both Stockies and our Social Club rely fully on fundraised income supported by charitable trLlSts, individual donations. businesses, and community groups. The Dream Days project is a unique initiative that grants 'wishes' to children, young people. and adults with learning disabilities, offering them unforgei(abl¢. standout experiences. Dr¢am Days also provide a chance for families to reconnect, allowing parents lo step back from caregiving and enjoy quality time with their loved ones. as support for the entire family is included. This year due to economic and staffing challenges. the initiative was paused to focus resource5 on established activities with a wider reach. STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 STRATEGIC REPORT Achievement and performance In the 12 months since our last Report and Accounts, Siockdales has continued lo deliver high-quality services across all care provisions. The health and social care sector remains under significanl pressure nationally, presenting challenges in all areas of the business. Nevertheless, Siockdales strives to remain flexible and responsive to this uncertain and demanding operating environinent. The majority of our care income is sourced from local and healih authority funding, where increasing pressure exists to ensure fees match the rising costs, particularly in resideniial services. This reporting period ended wilh two va¢an¢ies, adding further strain on resources. While previous vacancies were filled. new ones arose due to end-of_life circumstances and ihe need for hospital or nursing care. Despite strong demkmd for placements, securing funding has been challenging, with delays from pla¢ing authiTrrities and lengthy assessment processes eontributing to fee shortfalls. In our community services, increasing capacity is closely tied to ieam size. By introducing a new activity assistanl role, aimed at attracting flexible workers, we have seen a rise in attendee numbers. Additionally, relocating Stockies has expanded our resources and capacity, allowing us to serve more individLtals and extend our impact. Our financial operations have improved continuously, with additional siaffing to boost ¢apacily. We have also enhanced our adminislralive systems. refined stakeholder communication, renegotiated supplier contracts, and prioritized Ino efficient working practices. Our Siaff leams are our most valuable asset. Their passion and expertise in handling complex roles is commendable. However, the volatility in the care sector. along wilh legislative changes and rising costs. has added significant pressure. especially on recruilmenl. The ongoing economic challenges further exacerbate these ditTiculiies. To address r¢¢ruiim¢nt, we hav¢ focused on bo15teringy our cfforts, including additional support pcrsonn¢l, refr¢sh¢d Iraining practices, and updated recruitmeni documentation. Leveraging regional and local recruilmeni iniliaiives. along wilh social media and online platfonns, has proven effective, while our employee referral s¢heme ¢ontinues lo yield excellent candidates. Despite these efforts, staffing vacancies remain a concern and present a continued risk. To mitigate this, we have strengthened our partnership with a recruitment agency to cover gaps, ensuring safe and continuous eare, though we aim lo reduce reliance on this over time. To improve staff retention and position ourselves as kn employer of choice, we are cominitted io our enhanced employment offer with a range workplace benefits in place. These include a cashback healih care plan, group life insurance, prize draws, and an open approach to managing working hours and rota planning. After careful planning and investment, we launched a bespoke Leadership and Management Development progTrramme for all ieam menibers. This programme is designed to build key competencies such as strategic ihinkin£? eflective communication, decision-making, and team management, complementing our Care Practitioner pathway. We have conlinued to refine our business and risk assessment processes, particularly in response to ihe ¢conomic downturn, cost-of-living crisis, and vacancy pressures in residential services. By focusing on delivering value for money and maintaining strong stakeholder relationships. we have reviewed our comprehensive business Continuity plan and are well_posilioned to tackle future ¢hxllenges. Looking ahead, Stockdales remains confident in our fulure. with a clear focus on expanding and developing community services wliile maintaining high standards in our residenlial care. We are mindful of the challcTrges presenied by the current economic climate, but our thoughiful and strategic approach will serve us well in the coming years. Priorilies & Plans Overall.. Ensure Stockdales operales e￿icIentIY and mainfains financial stability. Complete best-value revieivs of all services and monitor expenditures. Increase attendee numbers across community services, reaching more individuals and families. STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRIISTEES FOR THF. YEAR ENDED S APRIL 2024 Achieve and Susiain full occupancy in residential services. Continue to develop administrative and business svpport roles to meet regulatory and operational needs. Enhance senior leadership coverage and expertise across all care services. Team.. Siabilize recruitment efforts while focusing on retention. training, and development. Continue improving ihe employment offer where possible. Priorit17.e the mental healtli and well-being of our teams. Align the employment offer with salary increases and introduce more targeted staff benefits. Fully embed the Leadership & Development programme, focusing on continuous improvement at all levels. Services: Continue delivering excellent care and support standards. Progregs plans to secure pemianenl. dedicated space for community services. Extend the social club by introducing a new group for younger a(fulis, aged 16 and older, complemeniing our exisling group for those aged .30 and above. Expand the reach of Stockies C.hildren's Club by offering more places. Invest in building upgrades to enhance the environments and slandards for those we support. Following consultations with families and older children. explore additional social offerings to further extend our services. Risk Management Trustees are responsible for managing the risk faced by the Charity and treat risk management as a priority. Risk awareness is eniphasised at all levels of the organisation. Risks are identified, assessed, and controls are applied throughout the year by senior management and siaff employed by the c.harity. The Trustees regularly review the ¢harity's major strategic. business, and operational risks. The principal risks and un¢ertainties identified include a major incident, service user vacancies, staff recruitment and retention, loss of income, succession, any changes in regulation, fraud, pandemi¢ and systems failure. Operational processes and procedures are in place to manage and miligate these risks alongside a detailed Business Continuity plan. Future plans The Board. the CEO and the Senior Management team meet M'ice yearly for planning meetings. Specifically. to consider moveinents in demand, requests for other services and other development opportunities. which will likely bring Siockdales services lo the broadest number of users. Employment Attracting and retaining appropriately qualified staff is a key challenge and essential lo ensuring quality services. This situation is not unique lo Stockdales and is a nalional healih and social care sector priority. Employment strategies have been reviewed to improve emplovee engagement. rewards and retention. Nl'e ensurcd that remuneration for all teams remained competitive and met our objeclive of matching or exceeding the Real Living Wage. Our innovative and resourceful recruitment slrategy uses online recruitment boards. social media, face-lo-face event5, and employee referral schemes. Recruitment is value-based and reflects the needs and aspirations of the people we support. We have increased the number of recruitment team personnel, increasing our engagement and chance of success. We are aware of the continued increased cost of living crisis and its effect on our workforce. We continue to invest in workforce management s}'slems and software employment programs to supwrt our teams and promote emotional and financial well-being. People have easy access to their payroll inforniation. an online holiday booking system. access to their wages and salary in real-time, a healih cashback plan and are enrolled in a group life insurance policy. STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Stockdales places considerable value on the involvement of its employees and has coniinued io keep them informed on matters affecting them as employees and the various factors affecting the eharity's perfomiance. Infomiation is shared via fom)al and informal meetings, monthly team briefings, internal publications and the annual review. We have standard accredilhtion with Investors in People and have made good progress with our action plan. Senior managers and Irusiees visit services to meet with staff, the people we support and their families, and attend social and communily ev¢nls where appropriate. Workforce Development Stockdales is committed to providing comprehensive leaming, development, and iraining opportunities for all team members, ensuring we meet our contractual and legal obligations to support Ihe complex needs of our service users. We aim to offer clear career paihways ihrough a dedicated and structured development program. After a period of consultation, we launched a bespoke Leadership and Management Developmeni programme for all team members across all business areas. This programme builds key competencies sucli as slrategic thinking, effective coinmunica(ion, decision-making, and ieam management and leadership. We continue to develop our Care Pra¢tilioner pathway with opportunities for all care team members to extend iheir skills, building a professional workforce focused on improvement and development. We also prioritise the development of team members in non-care roles, including finance, fundraising, recruitment, operations, 2nd administration. Thes¢ ieams are provided with relevant training and development Opportunities to support their professional growth. We offer a blended leaming approach to accommodate different learning styles and needs, including online courses, virtual training. and clas%roLJm-based sessions. In addition to sourring specializ¢d cxtcrnal r¢souice5, w¢ panncr with local and national training consoniums. We also offer professional qualifications in Health & Social Care and Leadership and Management, with a strong take-up and success raie. Role-specific qualifications io further equip our colleagues wilh the skills and knowledge needed to excel in Iheir roles. Fundraising Fundraising is a crucial component of Siockdales financial sustainability. All funds raised directly support ihe expansion and dcvelopment of our serviees and cover day-to-day expenses. Our Fundraising Manager oversees a well-established strategy, and recent role realignments within the team, along wilh a more diverse skill set and focus, have proven highly beneficial. Siockdales is registered wilh the Fundraising Regulator and is committed to conducting fundraising in a legal, transparent. honest, and respectful manner, in full compliance with the Code of Fundraising Practice. We priorilize ihe proteciion of vulnerable individuals and thc gcneral public in all our fundraising activities and are pleased to report Ihat we received no complaints aboul these activities during the year. We do not engage with any external individuals, groups, or companies of professional fundraisers for our routine fundraising efforts. Our approach io fundraising involves close collaboralion with supporters and donors to ensure we engage effectively, ulilizing both current digital platlomis and traditional methods. Income is generaied from a wide range of sources, including chariiable trusts, businesses, local communities, individuals, and events. This year, our fundraising efforts raised £136,367 for specific proj¢¢ts (2023.. £129.857). As of year-end. £16,868 12023.. £42,755) reinained earniarked for these ongoing projects. STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NIIMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Our Supporters We employ a variety of proven and innovative strategies to engage with and retain our supporters. Through proaciive communication-wia phone. email, and face-to-face meetkngs-we maintain gtrong connections and regularly express our graiitude for their support. Our goal is to iiurture these relationships, encouraging supporters io become passionate ambassadors who chainpion Sto¢kdales' Inission. For those who opl to receive updates. we distribute newsletters thai keep them informed about the lalest news, events, and inspiring stories from across the charity. We maintain a robusl online presence and are active on social media platforms, investing significant effort inl0 creating engaging content and sharing inspirational stories that highlight the impact of our work. For individuals who participate in our fulldraising events, we foster lasting relationships through regular phone calls, personal invitations to visit our services. and opportunities lo meet the families and beneficiaries their efforts support. STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD {REGISTERED NUMBER: 01392344) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 STRATEGIC REPORT Financial review Financial and risk management objectives and policies The 2022123 financial year posed significant challenges for the health and social care sector, and Siockdales was not immune. Our overall financial position dropped further in 2023124, moving from a nei deficit of £102k in ?023 10 a £155k net deficit in 2024. Several factors contributed to ihis outcome, with ihe most impactful being decreased occupancy levels. Recruitment challenges persisi across the sector, and Stoekdxles worked closely with an established agency panner to fill slaffing gaps, leading to increased operxtional costs. Fee settlemenis varied during the year and were Insu￿1Clent lo cover the rising costs of care provision fully. The broader economic climate, particularly ihe increased cost of living, also significantly impacted our financial results. Notable increases in energy bills. food prices, transport, and other daily expenses contributcd to the strain. Efforts are ongoing lo improve staffing levels and drive occupancy by reviewing service models to enhance efficiency. Despiie these challenges, Siockdales maintained a positive cash flow by year-end, with cash balances, including investments, lotaling £2,469k. Legaties In 2023124. Stockdales benefiled from generous bequests. We received £75,000 from the estate of Mr. Raymond Paul Wesi £15,000 from David F. Edge. We are deeply grateful io have been remeinbered in their wills and lor their contributions to our ongoing mission. AnvestmeDt Policy The Trustees continue lo prioritise maximising returns on available rese￿eS while maintaining secure. liquid, and high-yielding invesimenis. Our inv¢sttn¢nt5 are inanag¢d through M&G Investments, where a blend of Charibonds and the Multi-Asset Fund provides solid returns. In 202212), additional investments were niade in the Multi-Asse( Fund to enhance the return on our free reserves. For ihe 2023124 financial year, our investments reflecled an unrealised gain of £?2k, a signifi¢ant improvement ompared to the £53k loss in 2022123, highlighting the strong perfomiance of the M&G long-term portfolio. Reserves Policy Stockdales adopts a risk-based approach kn managing its financial reserves, aiming to balance financial prudence with continued investment in services. Ensuring long-tern) financial sustainability remains a key focus of the charity's risk managJemenl stralegy. The Trustees and Execuiiwe Team regularly review the main risks, including the reserves policy, as part of their ongoing procedures. Key risks include income generation (including fundraising). mainiaining consistent service delivery, unforeseen operational cost pressures, delayed paymciils, unplanned capital requirements, and broader economic factors. Throughoui ihe year, Siockdales maintained unrestricted reserves at a level equivaleni to approximately six months of expendilure. This approach ensures financial stability and ihe ability to respond to unforeseen challenges. Recognising the potenlial shortfall in fundraising to meet all desired project goals, Ihe Truslees set aside £734,880 in 2023 from unrestricted funds as a conlingency. This policy is regularly reviewed, and once specific projects are completed or additional funds are secured, any unused designaied funds are returned to the unrestricted pool. For the 20?4125 year, the designated suni has been adjusted to £521,000. STRI,'CTIIRE, GOI'ERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limiied by guaraniee, as defined by the Companies A¢t 2006. STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) RE.PORT OF THE TRLISTEES FOR THF. YEAR ENDED S APRIL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Siockdales is a Charity registered with the Charity Comm ission and a company limited by guarantee governed by its Articles of Association, updated in 2022. The updaie reflects all areas of the organisation's work and a modern charity governance model. The Trustees control Stockdales operations. Truslees meet monthly and are familiar with the practical and operational work of the charity. The Trustees maintain a balance of skil Is, qualifications, and experience to ensure that the Charity and its property are Inanaged efficiently and knowledgeably. Trustees Are from professional. care and business backgrounds and al igned to the charity's ethos and work. All Trustees give their lime voluntarily and receive no benefits from the charity- The Trustees who served during the period were as follows: Anihony Gresty Deborah Leigh Nieel P Mather Robin D Proctor Sieve J Adams Trustees ensure ihat they are fully acquainted with all the latest business and charity govemance requirements. They develop and source appropriate formal training to keep up with changing practices and standards. New trustee recruits lo the board are invited lo "shAdow" existing truslees and encouraged to attend board meetings before accepting nomination to familiarise themselves with ihe Charity's aims. objectives. attd working meihods. The Trustees plan succession for both Trustees and key operational staff, which is reviewed at Tru%tee Meetings. Much supplemeniary work ensures that the board & entire Executive Management team grows in size and ability in line with operational requirements and that comprehensive risk assessment associated with the inereasing size and responsibilities is routine. Operations and Key Management Personnel The Board of Trustees appoints a full-time Chief Executive responsible for the charity's day-to-day management within the policies. strategy, and financial controls approved by ihe Trustees. The Chief Executive is supported by two asslstant CEOS, a Finance Manager, two Heads of Care covering Residential and Coinmunity S¢rvices. respectively, and a skilled business and operations team. An annual benchmarking exercise is undertaken to aseertain remuneration payable, in¢luding for key management personnel, to ensure that salaries are competitive and in line with comparable roles and services of equivalent complexity. Salary levels are maintained at competitive levels lo attract and keep the best. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01392344 (England and Wales} Registered Charity number 509053 Registered office 34 Harboro Road Sale Greater Manchester M33 SAH STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER.. 01392344) REPORT OF THE TRL'STEES FOR THE YEAR ENDED 5 APRIL 2024 Trustees A Gresty D Leigh (resigned 20.8.24) N P Mather R D Proctor S J Adams The above trustees are also directors of the company. Company Secretary A Gresty Auditors DJH Audil Limited Aeeountants Siatutory Auditors The Exchange 5 Bank Street Bur), BL9 ODN Solicitors Nicholls 228a Stockport Road Tiniperley Cheshire WA15 7UN Bankers Co-operaiive Bank Balloon Streei Manchester M4 4BE Barclaj's Bank l Bridge Street Stockport Cheshire SKI IXU Inveslment manager M&G Investment Management Limited Laurence Pouniney Hill London EC4R OHH 10 STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NUMBER: 01392344) REPORT OF THE TRIISTEES FOR THE YEAR ENDED S APRIL 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Stockdales of Sale, Altrincham & District Limited for the purposes of company lawl are responsible for preparin? the Report of the Tn]stees and the financial slalemenls in accordance with applicable law and L,'nited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice)- The Trustees are responsible for the strategic direction of the organisation and have overall responsibility f(Trr the ¢harity Remuneration of the Chief Executive is determined by the Trustees Trustees ensue that the charity adheres lo the policies and procedures laid down by the Charities Coimmission and the Care Quality Commission Company law requires the Irustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable ¢ompany and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial stalements, the trnstees are required to select suitable accounting policies and then apply them consistently. observe the meihods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state ￿hether applicable accouniing standards have been followed. subject lo any material departures disclosed and explained in tlie financial statcments,. prepare the financial statements on the going concern basis unless it is inappropriate to presume thai the charilable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy al any time the financial position of the charitable company and lo enable them lo ensure that the financial statements comply with the Conipanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware- Ihere is no relevant audit infomiation of which the charitable company's auditors are unaware: and Ihe trustces have taken all steps that they ought to have taken to make th¢mselves aware of any r¢l¢vant audit inforniation and to establish that the auditors are aivare of that infomiation. AUDITORS The auditors, DJH Audit Limited. will be proposed for re-appointment al the forthcoming Annual General Meeting. Report of ihe trustees, incorporating a strategic report, approved by order of the board of irustees, as the company directors, on and signed on the board's behalf by.. N P Mather- Trustee REPORT OF THE IiNDEPENDENT AUDITORS TO THE MEMBERS OF STOCKDALES OF SALE, ALTRIINCHAM & DISTRICT LTD (REGISTERED N'UMBER: 01392344) Opinion We have audited ihe financial staiemenls of Stockdales of Sale, Altrincham & District Ltd (Ihe 'charitable company,) for the year tnded 5 April 2024 whiLh comprise ihe Statement of Financial Activilics, the Statement of Financial Position, the Siatement of Cash Flows and noies to the financial slatements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial siatements: give a true and fair view of the state of the charitable company's affairs as ai 5 April 2024 and of its incoming resources and application of resources, includingJ its income and expenditure, for the year then ended: have been propLrly prepared in accordance with United Kingdoin Generally Aecepied Accouniing Practice. and have been prepared in accoi'dance with the requiremenls of the Companies Act ?006. Basis for opinion We conducted our audil in accordance with Intemational Standards on Auditing {UK) {ISAs IUK)} and applicable law. Our responsibilities under those siandards are further described in the Auditors, responsibilities for the audit of the financial slaiements section of our report. We are independent of the chxritable company in accordance wilh the ethical requirements ihat are relevant to our audit of the financial staiemenls in the UK, including, the FRC'S Ethical Standard, and we have fulfilled our other eihical responsibilities in accordance wilh these requirements. We believe Ihat the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating lo going concern In auditing the financial sialements, we have concluded thal the truslees, use of the going concern basis of accounting in the preparalion of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating io events or condiiions that, individually or Collectively, may cast significanl doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months froin when the financial stat¢ments are authorised for issue. Our responsibilities and ihe responsibilities of the Irustees with respect to going concern are described in the relevant sections of this report. Other information The Irustees are responsible for the oiher information. The other informalion comprises ihe infomiaiion included in the Annual Report. other than the financial sthtements and our Report of the Independent Auditors thereon. Our opinion on ihe financial stateinenls does not cover the other informalion and, except to the extent otherwise expliciily staled in our report, we do not express any fom) of assurance conclusion ihereon. In connection with our audit of the financial siatements, our responsibility is to read the other information and. in doing so. consider whether the other information is maierially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be maierially Inisstated. If we identify such material inconsistencies or apparent material missiateinents, we are required io determine ￿'he1her this gives rise to a material misstatcment in the financial statemenls Iheinselves. If, based on the work we have perfom)ed, we conclude that there is a material misstatement of this other infom)ation, we are required lo report that facl. We have nothing io report in ihis regard. Opinion5 011 other matters prescribed by the Cofflpanies Aci 2006 In our opinion, based on ihe work undertaken in the course of the audit.. the infomiation given in ihe Report of the Trustees for ihe financial year for which the financial stalements are prepared is consislent wilh the financial slaiements; and Ihe Report of the Trustees has beeii prepared in accordance with applicable legal requirements. 12 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD (REGISTERED NIIMBER: 01392344) Mgttcrs on whieh we are required to report by exception In the light of Ihe knowledge and understanding of the charitable company and ils environment obtained in the course of the audit. we have nol identified material misstatements in the Report of the Trustees. We have noihing to report in respect of the following malters where the Companies Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have not been kepl or returns adequate for our audit have not b¢¢n received from bnqnches not visited by us- or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made: or we have not received all the inforniation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities. the truslees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for bein(y satisfied that they ive a true and fair view. and for such inlemal Control as the Irustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the truslecs are responsible for assessing the charitablc company's ability lo continue as a going coneem, digclosing, as applicable. matters related to going concern and using thc going concern basis of accounting unless the trustees either intend to liquidate the eharitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the Audit of the finAnciAI statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independenl Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecling irregularities. including fraud is detailed below: As part of our planning process.. We enquired of management the systems and controls the charity. has in place. the areas of the financial statements thai are mostly susceptiblc to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. The charity did not inform us of any known. suspected or alleged fr's and trips Governance costs 3,151,106 836,920 104,158 31,746 1,152 15,059 32,861 92.489 3,18J.967 929,409 104,158 31,746 1.152 15,059 Total 4,256,174 125.350 4.381,524 Net gains/{lossesl on investments 153,513) 53,513) NET INCOMEI{EXPENDITURE) (106.714) 4,507 {102.207) 24 coniinued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YF,AR EINDED 5 APRIL 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 6,217,131 38.248 6.255.379 TOTAL FUNDS CARRIED FORWARD 6,110,417 42.755 6.153.172 13. PROPERTY, PLANT & EQUIPMENT Fixtures and rittings Freehold property General equipment Motor vehicles Totals COST OR VALUATIOP¥ At 6 April 2023 Additions Disposals Revaluations 3,681,610 337,466 46,004 208,201 4,295,448 337,466 (17.7$0) 280,924 (17,750) 280,924 At 5 April 2024 4JOO,000 359,633 46,004 190,451 4,896,088 DEPRECIATION Ai 6 April 2023 Charge for year Eliminated on disposal Revaluation adjuslmenls 275,083 86J29 359,633 9.204 9,204 137,291 20,640 (17,750) 781,21 116,173 (17,7$01 361,412) 361,412) Ai 5 April 2024 359,633 18,408 140,181 518,222 NET BOOK VALUE Ai 5 April 2024 4JOO,000 27,-596 4 J77,866 Ai 5 April 2023 3,406,527 36.800 70,910 3,514,237 Jncluded in cost or valuation of land and buildings is freehold land of £649,000 (2023 £550,000) which is not deprecialcd. A full professional valuation M.'as Carried OLIt in July 2024 of Ihe freehold properties that ￿'ere owncd at thai dale by Gascoigne Halman, at market value as defined in the RICS Appraisal and Valuation Standards sixth edition. The historic cosl of the properties is £3,333,006 (2023.. £2,995,540). 25 continued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 14. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 6 April 2023 Revaluations 1,477,627 21,830 Ai 5 April 2024 1,499,457 NET BOOK VALUE At 5 April 2024 1,499,457 At 5 April 2023 1,477.627 There were no inveslmenl assets outside the UK. The change in the market value in the Stalemeni of Financial Activities relates to the General Fund. INVENTORIES 2024 2023 Inventories 5,800 5,800 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued incom¢ 49J68 9,430 103,599 46,428 7,097 71,093 162J97 124,618 26 continued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDF.D 5 APRIL 2024 17. CREDITORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 2024 9023 Trade Creditors Social gecurity and other taxes Other creditors Accrued expenses and deferred income 100,056 91,765 48.870 121,604 38,609 157,963 375,.$40 300.848 DEFERRED INCOME Balance as at 6 April 2023 Amount released to income eamed fn)m charitable activities Amount deferred in the year 4,678 (4,678) Balance as al 5 April 2024 Income from local authorities is apportioned across the period to which it relates. Deferred income arises where local authority grants have been received at the year end date which relate to a period after the year end. 18. MOI'EMENT IN FUNDS Net movement in funds Transfers between funds At 5.4.24 At 6.4.2.3 Ilnrestricted fund5 General fund 6,110,417 426,879 6,623,119 Restricted funds Equipment Community services Dreamda}'s Garden Stockies Juniors I lolidays Vehicles (20) (5,254) (1,288) 69,171 (4,208) (965) 1,020 1.000 1,600 494 447 10,827 6.8.54 1,782 18.119 1.5.035 (86,843) 2,500 85,823 16,868 TOTAL FIINDS 6,153,172 486,815 6,639,987 27 ontinued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 18. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unreslricted funds General fund 4,751,496 {4,988,783) 664,166 426,879 Restricted funds Equipment Community services Dreamdays Garden Stockies Juniors Holidays Vehicles 7,720 27,888 (7,740) (33,142) {1,288) {6,529) {26,767) (965) (20) (5,254) (1288) 69,171 {4,208) 75,700 22,559 2,500 136J67 76,431 59,936 TOTAL FUNDS 4,887,863 5,065,214) 664,166 486.81$ CoEnparatives for movemeni in funds Nei movemeiit in funds Ai 5.4.23 At 6.4.22 Unrestricted funds General fund 6,217,131 {106,714) 6,110,417 Restricted funds Equipment Cominunily services Dreamdays Garden Stockies Juniors Holidays Vehicles 5,316 (5,316) 6.854 (6,213} 18,119 (38,5221 720 28,86) 6,854 1,782 18.119 15,035 965 7,995 245 28,865) 38,248 4,507 42,755 TOTAL FUNDS 6,255.379 (102.207) 6,153,172 28 continued... STOCKDALES OF SALE, ALTRINCHAM & DISTRICT LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR F.NDED.S APRIL 2024 18. MOVEMENT IN FUNDS- eontinued Comparative nel movement in funds. included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 4,202,973 (4,256.174) (53,513) (106.7141 Restrieted funds Equipment Community services Dreamdays Garden Siockies Juniors Holidays Vehicles {5,316) (8.146) (22.957) 128.052) (60,879) 15,3161 6,854 (6,2131 18.119 (38,522) 720 28,865 15.000 16.744 46,171 22.357 28,865 129.857 125,350) 4.507 TOTAL FUNDS 4,3.32,830 4.381,524) 53,513) 102,207) Name of Restricted FuDd Equipment Community services Dreamdays Siockies Juniors Holidays Vehicles i%ature or Purpose of the fund Proi'ision of specialist equipment Service delivery and specialist support Providing Dreamdays expenses Provision of the children's club The provision of holidavs Provision of vehicles REVALUATION RESF.RVE 2024 2023 At 6 April Revaluation gain Deprecialion charge related to revaluation 1,228,1.55 642,336 33,193) 1,261,351 3.1,196) At 5 April 1,837.298 1.228.155 29 contillued.. STOCKDALES OF SALE, ALTRINCHAM & DISTRicf LTD NOTES TO THE FINANCIAL STATEIVIENTS - continued FOR THE YEAR ENDED S APRIL 2024 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 5 April 2024. 20. IILTIMATE CONTROLLING PARTY The charity is controlled by the Iruslees in offi¢e. 30