Save The Family Limited Annual Report and Financial Statements For the year ended 31 March 2024 fl Ill/ Save the Family ePiK9 Fomilies tO9dker
SAVE THE FAMILY LIMITED Trustees report (includlng directors. report) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also Directors of Save the Family for the purposes of the Companies Act 2006, present thelr report together with the financial statements of the charlty for the year ended 31st March 2024. The financial statements comply wlth the Charlties Act 2011, the Companles Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice for charities applying FRS 102 in the UK and Republlc of Ireland from l January 2005 REFERENCE AND ADMINIsfRATIVE DETAILS: Registered Company Number: 1908006 (England and Wales) Registered Charity Number: 516484 Registered Office: Cotton Hall. Cotton Lane. Cotton Edmunds, Chester, Cheshire CH37PZ At the time of writing the appointed Trustees and sub-committee memberships are a5 follows: Name Position Committee Membership rustee Corporate orporate (Chair) Notes Rory Lea hairman Board. Appointed Chairman September 2023 Resigned as Chalr an appolnted deputy Chair and reasurer 1st September 2023 ohn Church reasurer/Deputy hair Nigel Bruce Suzanne Booth rustee Corporate Corporate Families rustee hristina Upton uth Ankers ru5tee Resigned 13th December 2023 ru5tee Families anet Butler rustee Families (Chair) amilies Matthew Adam rustee Kelly Whalley Lindsay Tanner rustee orporate Families Resigned 27th July 2023 ppointed 13th December 2023 rustee Auditors DJH Audit Llmlted, Reglstered Auditors, Chester House, Uoyd Drive, Cheshire Oaks Business Park, Ellesmere Port, CheshSre, CH65 9HQ. Solicitors Brabners, Horton House, Exchange Flags, Liverpool, L2 3YL
SAVE THE FAMILY LIMITED Trustees report (including directors, report) (continued) FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE GOVERNANCE AND MANAGEMENT Governing Document Save the Family is a Charitable Company limited by guarantee, incorporated on 24th April 1985 and registered as a charity on 5th June 1985. The Company is governed by the Memorandum and Articles of Association originally dated 29th March 1985 and most recently revised and adopted at the 2012 AGM on 201h November 2012. Following references and DBS checks. the recommended candidates are voted on to the Board and membership of the Trustee approved. All new Trustees are formally invited by the Board to become a Trustee and a Member and are asked to sign the Eligibility Statement and Register of Interests. Trustees should be.. Recogni5ed as having appropriate expertise relevant to the charity's specific requirements Able to demonstrate a commitment to voluntary work Upstanding members of the community Able to demonstrate a commitment to the mission and values of Save the Family Committed to equal opportunities Able to demonstrate high standards of ethic5 and integrity As well as the main Board, Trustees are appointed to a Sub Committee, each of whlch focuse5 on key aspect of the charlty's work. These are currently as follows: Corporate Families Each Committee is chaired by a Trustee wlth experience relevant to its terms of reference and the Committees provlde Board with addltional assurance on the proper and effective management of the charlty. Remuneration of Trustees No payment has been made to any Trustee during the period 1st Aprll 2023 to 31st March 2024. Induction and Training of Trustees A comprehensive inductlon is provided to newly appointed Trustees including: Provision of the Charity Commission publication 'The Essential Trustee,, Memorandum and Articles of Association, Terms of reference, Mission Statement, Business Plan and most recent Annual Report and Accounts. Familiarisation tour of Cotton Hall and the opportunity to meet staff and residents Update about the Business Plan and progress with key objectives Mandatory Training in 'Safeguarding for Trustees, and 'Safeguarding Children Basic Awareness Level 2. Review of any other specific training requirements Attendance at training about the role of the Trustee Governance Structure The members of the Board are all Trustees of the charity. They elect from among their number a Chair, a Deputy Chair, and a Treasurer. Risk Management All key risks to which the charity 15 exposed are Included in a risk register and rlsk plan which Identlfies how those risks will be mitigated. The risk register is scrutlnlsed and approved by the Board of Trustees in order to provide assurance that rfsk is being effectively managed.
SAVE THE FAMILY LIMITED Trustees report (including dlrectors. report) (continued) FOR THE YEAR ENDED 31 MARCH 2024 Public Benefit To support homeless families by providing emergency accommodation and education in baslcl other life and social skills to enable families to get back on to the social ladder. The trustees have given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011. OBJEcfIvES AND ACTIVITIES Purpose and Aims Save the Family has a unique mission and set of core values which were the result of an engagement process With Trustees, team members and residents. The mission and core values are embedded throughout everything the charity does. GthTQQSSi¢n KespeGt Ery)cwerrent LxcewKe the mls5ion and core values remain at the heart of Save the Family's work and provide an anchor and strong foundation upon which the charity can posltlvely move forward. Guided by our mission and core values, we work wlth families who have not had the opportunity or support to address some of the fundamental problems they experience. Through our familv mentoring programme, parents work with us to establish family routlnes, develop strategie5 to address the trauma and challenge they face, and to understand and embrace thelr parental responslbllltles. Our specialist teams work closely with adults and chlldren and partner with several external gencies who provlde other speclalSsed Intervention5. "Move on" plans are developed soon after the family joins the community at Cotton Hall and familles are prepared and empowered to live independent Ilves back In the wlder community again.
SAVE THE FAMILY LIMITED Trustees report (including directors. report) (continued) FOR THE YEAR ENDED 31 MARCH 2024 Year in Review 2023 - 2024 STF Business Cornmitment I We will be clear about our operational and financial models of practice. Developing a clear, sustainable business framework has been a clear focus for the 2023- 2024 financial year. Understanding the needs of our customer base, reviewing our service provision, remodelling our medium to long term financial position has assisted in providing clear year two objectives for all Business areas. We have reduced our exposure to risk through the di5POsal of our asset in North Wales and have settled all outstanding financial liabilities associated with the site. The review of our operational service provision has resulted in the reprovision of elements of our programme as we adopt a more structured focu5 on empowerment and resettlement. srF Business Commitment 2 We will continually review. evaluate. and improve our performance by ensuring all stakeholders have a voice with outcomes shaped by that contribution. Through our intemal evaluation of services acr055 the business we have Improved upon opportunities to capture the voice of our residents. It has enabled us to inform programmes of engagement and actlvlty with services ranglng from wellness workshops, advlce and guldance and the provision of planned actlvltles shaped by those Ilvlng here. Using our regular engagement processes, which include formal and Informal structures we have not only improved upon responding to need but also in achieving more quantltatlve evidence of the impact of our work. srF Buslness Commitment 3 We will create an environment where people choose to work, thrive, and develop. During this perlod, we have implemented several initiatives that have been designed to enhance our offer to all staff and is based upon feedback given through staff survey processes and focus groups. We Introduced a complete review of all role descriptions, responsibllltles and banding structures along with a revlew of salaries based upon the current marketplace. The development of our staff and the introductlon of several wellbeing initiatives have seen an increase in satisfaction and aiding us In recruitment and retention. STF Business Commitment 4 We will grow our multi-agency approach and harness strong partnerships to assist in the delivery of our work. Our focus on building partnerships has produced some wonderful added value to the work of STF in Cheshire. We have curated a very positive Corporate Membership Partnership whereby we can 5UPPOrt an orgallisation's Staff wellbeing agenda by creating opportunities for companies to attend site with their employees and spend time working on specific projects either improving our grounds or a55ets. whilst doing their own internal team building or CSR initiatives. Having this mutually beneficial arrangement enables STF to make our resources stretch further and ensure5 that the environment our familie5 live in is of the highest quality. We are also hosting regular partnership meetings, off site, to develop a collaborative approach to delivering our work. This collective meet regularly, share ideas, feedback and have a common purpose which 15 to improve the lives of vulnerable people in the communities of Cheshlre and beyond.
SAVE THE FAMILY LIMITED Trustees report (including directors. report) (continued) FOR THE YEAR ENDED 31 MARCH 2024 srF Business Commitment 5 We wrll excel in delivering services for our families, using a needs-led menu of support. framed by our approach in Trauma Informed Practice. To drive forward an enhanced and structured framework to carry our specific trauma infomied work, we have purchased an established resettlement package. Training ha5 been shaped and delivered and some change in the team structure is taking place to provide more support for how we will be delivering our offer. The intention is to be clearer about our work and more effective in the measurement of outcomes. The evidence of which can be clearly seen in the Social Impact report. srF Business Commitment 6 - Completed We will manage our organi5ational risk through the disposal of Plas Bellin During Jun 2023, we completed the sale of our property, Plas Bellin, which is situated in North Wales. This resulted in the removal, from our 2024-2028 strategic documents of the original sixth bu5ine55 objective which wa5 to manage our organisational risk through the dlsposal of Plas Bellin. Service Users- Impact 2023 - 2024 Durlng the 202312024 financial year we supported 94 indlvlduals at Cotton Hall, which Is made up of to 33 familles. Our data has allowed us to identify key positive Impacts in the work we delSver and directs us to areas we can apply more focus to. vi win r Im dults u on arrival at Cotton H Over 70010 Struggled with thelr Mental Health Over 68010 have experlenced Domestlc Abuse. Over 320/0 of all adults housed with us during thls perlod have experienced substance misuse issues Over 810/0 of the families we support had Soclal Care Involvement at point of referral. 44 % of our adults have experienced financial dlfflculty or debt h20 atoft 73 % of parent5 felt more able to support their children emotionally and be able to deal with lifes ups and downs. 93% of parents have developed strength in identifying risk to their children's safety and respond appropriately. 930h of parents felt supported and had increased social nehvorks. 67% of parents felt more able to support their children's learning, development, and aspirations. 80Q/o of parents felt more able to provide the security of a stable home and manage their finances In the community.
SAVE THE FAMILY LIMITED Trustees report (including directors, report) (continued) FOR THE YEAR ENDED 31 MARCH 2024 Finance and Fundraising When setting the budget for the 2023 - 2024 flnancial year, funding streams already Secured for that year included, a £40,000 final grant payment from The Maria Marina Foundation, £25,000 from Sir Donald & Lady Edna Wilson Trust, £6,000 from Barbara Ward and £65,843 from Ministry of Justice. The charity's budget for 2023-2024 was dependent upon securing a further £368K to cover planned expenditure for the year. Throughout the year, we have received further significant funding from a range of sources that includes, £40,000 from The Oak Foundation, £60,000 from The Henry Smith Charity. £23,000 from The Charles Haywood Foundation. £9.917 from The Westminster Foundation, £52,305 from Nationwide and £21,010 from the Ma50nic Charitable Trust as well as an additional £10,000 from The Sir Donald & Lady Edna Wilson Trust. Due to funding received and reduction5 in expenditure where possible, the funding gap, at the end of this year is just under £16K. FINANCIAL REVIEW Reserves Policy and Financial Position The Reserves Pollcy, adopted by the Trustees, is to ensure there is a level of worklng capltal that protects the continuity of our core work and provlde a level of funding for unexpected and unforeseen costs to our assets. The level of unrestricted reserves at the end of any given month should currently be set at £240,000 to £250,000 as the Trustees and management continually revlew the reserves requlred by the charity in line wlth changes to restricted funding. The level of unrestrScted working capital as at 31st March 2024 is £213,654 with a further £505,385 included within the unrestricted designated funds. The Charlty has endowment, restricted, designated, and unrestrlcted funds which are set out in detail in note 20 to the accounts. Principal Fundlng Sources Government related funding; Housing Benefit - the amount received In 202312024 amounted to £214,412. The Secretary of State for Justice awarded a 'Women's Community Services, Grant totalllng £143,614.29 to cover a period from March 2023 to March 2025. Grant payments totalling £65,843 were received in this financial year. Other principal restricted funding includes: £40,000 from The Maria Marina Foundation towards the Mentoring and Parenting Project. £23,000 from The Charles Haywood Foundation towards a Family Mentor P05t, £9,917 from The Westminster Foundation towards the Children's Team, £52,305 from The Nationwide Community Grdnts Programme towards a Family Mentor post over the next two years. £21,010 grant payment from the Masonic Charitable Foundation toward5 a Children and Young People's Mentor post. During the 2023 funds. 2024 financial year, 11 % of our staffing costs were funded through restricted
SAVE THE FAMILY LIMITED Trustees report (including directors. report) (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Investment Policy and Objectlves Under the terms of the Memorandum and Articles of Association the Trustees have powers to purchase and lease property necessary for the work of the charity. They also have powers to borrow and raise money for the purpose5 Of the charity on such security as may be thought fit, and to issue debenture stock charged upon the charity's property. The Trustees have powers to invest monies of the charity. not immediately required for its purposes in such investments, securities or properties as may be thought fit. PREPARING FOR OUR FUTURE. A JOURNEY TO EXCELLENCE 2024 - 2025 Strategic Thenies and Key Business Priorities We are committed to developing the long-term future of the charity 50 that we can continue to help those m05t in need. Our service u5er5 belong to a broad range of socio economic and cultural backgrounds. Our belief is that homelessness rarely just 'happens', rather, it is due to a build-up of unresolved problems, leading to a final crisis moment when the structures people use to surround themselves with fail. Social and fiscal policies may change but the nature of personal crise5 that slgnificantly impact our client base will always exist. We are committed to providing the absolute best service we can by being responsive to the needs of Indlvlduals and their families. We will continue to recruit and train highly skilled staff to deliver high quallty models of support, creating safe opportunltles for people to develop thelr capacity to make more informed and posltlve Ilfe choices for themselves and their families. Our change agenda contlnues to drlve our plans towards securing organisational 5UStalnabillty by developing routes to securing income partially delivered through contracted work. To succeed in being commissioned we must invest the time and commitment in fully understandlng our service offer and ensuring that it is responsive to the needs of our client base and the requirements of those organisations seeking to place vulnerable families with us. We remain focused on developing the organisation to be able to wlthstand the impart of a change in funding landscapes and focus on driving forward initiatives that enhance our dellvery, protect our business, and create an organisation that enables people to thrlve. The quality of our delivery, informed by the service users volce and shaped by qualitative and quantltative Impact analysls, wlll see us making Save the Family a place where all people will thrive.
SAVE THE FAMILY LIMITED Trustees report (Including directors, report) (continued) FOR THE YEAR ENDED 31 MARCH 2024 srATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the directors of Save the Family Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistentlyj observe the methods and principle5 in the Charity SORP. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accountlng records which disclose with reasonable accuracy at any time the financlal posltlon of the charitable company and to enable them to ensure that the financial statements comply with the Companies Art 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 trustee5 are aware: there Is no relevant audit Information of which the charitable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audlt information and to establish that the auditors are aware of that Informatlon. srATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the trustees ère aware, there Is no relevant Information (as defined by Sectlon 418 of the Companies Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee In order to make them aware of any audit information and to establish that the charltable company's auditors are aware of that informatlon. AUDITORS The auditors, DJH Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. MrJACh Trustees/ eputy Chair of asurer Mr N BruÉe (Trustee) Date: (,, liy Date:
SAVE THE FAMILY LIMITED Independent audltor's report TO THE BOARD OF TRUSTEES OF SAVE THE FAMILY LIMITED Opinion We have audited the financial statements of Save the Family Limited (the 'charlty') for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdorn Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with Intemational Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our respon5ibilitie5 under those Standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are Independent of the charlty In accordance wSth the ethlcal requlrements that are relevant to our audit of the financial Statements in the UK, including the FRC'S Ethical Standard, and we have fulfllled our other ethical responsibilities in accordance with these requlrements. We believe that the audit evldence we have obtained is sufficient and appropriate to provide a basis for our opinlon. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees use of the golng concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have performed, we have not identified any material uncertalntles relating to events or condltlons that, Indivldually or collectlvelyi may cast slgnlficant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for Issue. Our responsibilities and the responsibilities of the board of trustees with respect to golng concern are described in the relevant Sections of this report. other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The board of trustees are responsible for the other information contained within the annual report. Our opinion on the financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing 50, consider whether the other information is materially incon5iStent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there 15 a material misstatement of thi5 Qther information, we are required to report that fact. We have nothing to report In this regard.
SAVE THE FAMILY LIMITED Independent auditor's report (continued) TO THE BOARD OF TRUSTEES OF SAVE THE FAMILY LIMITED Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the Trustees report for the financial year for which the financial Statements are prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the financial statements; and the dirertors, report included within the Trustees report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the Trustees report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not vlsited by us; or the financial statements are not in agreement with the accountlng records and returns; or certain disclosures of trustees, remuneration speclfled by law are not made; or we have not recelved all the informatlon and explanations we requlre for our audit; or the board of trustees were not entitled to prepare the financial statements in accordance wlth the small companies regime and take advantage of the small companles, exemptlons in preparing the Trustees report and from the requlrement to prepare a strategic report. Responsibilities of board of trustees A5 explained more fully in the statement of Trustees responsibilities, the board of trustees, who are also the dlrectors of the charlty for the purpose of company law, are responslble for the preparation of the financial statements and for being satisfied that they glve a true and fair view, and for such Internal control as the board of trustees determine is necessary to enable the preparation of flnanclal statements that are free from material misstatement, whether due to fraud or error. In preparing the flnancial statements, the board of trustees are responsible for assessing the charity's ability to contlnue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basls of accounting unless the board of trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurdnce but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mi55tatement 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. Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respert of irregularities. including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error as fraud may involve deliberate concealment , by for example. forgery or intentlonal misrepresentations or through collusion. The extent to which our procedure5 are capable of detecting irregularities including fraud is detailed below. io-
SAVE THE FAMILY LIMITED Independent auditor's report (continued) TO THE BOARD OF TRUSTEES OF SAVE THE FAMILY LIMITED Our approach was as follows We understood how the charity Is complylng with relevant frameworks by making enquiries of management and those responsible for legal and compliance procedures. We assessed the susceptibility of the charity's financial Statements to material mi55tatement including how fraud might occur by discussing with the management and the board of trustees. We enquired of management as to any known instances of non-compliance or suspected non-compliance with laws and regulation5. Based on thi5 understanding we designed specific audit procedures to identify instances of non-compliance with laws and regulations. Thi5 included making enquiries of management and obtaining additional corroborative evidence as required. A further description of our responsibilities is available on the Financial Reporting Council's website at,, https'.//www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor'5 report. In our opinion. based on the work undertaken in the course ol our audit: the information given in the Trustees Report, which includes the Directors, Report prepared for the purposes of company law, for the flnancial year for which the financial statements are prepared is consistent with the flnancial statements: and the Director5, Report included within the Trustees Report has been prepared in accordance with applicable legal requirements. Use ol our report This report is made solely to the charltable company's members, as a body, In accordance with section 391 of the Companles Act 2014. Our audit work has been undertaken so that we might state to the charltable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslbllity to anyone other than the charltable company and the charitable company's members as a bodyi for our audlt work, for this report, or for the opinions we have formed. o.otoK, Mrs D D Lea FCA, FCCA (Senior Statutory Auditor) for and on behalf of DJH Audit Limited Accountants Statutory Auditor Chester House LLoyd Drive Ellesmere Port Cheshire United Kingdom CH65 9HQ li
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SAVE THE FAMILY LIMITED Balance sheet AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Current a55ets Debtors Cash at bank and in hand 14 3,264,066 4,613.351 15 27.469 857,424 49,965 453,596 884,893 503,561 Creditor5: amounts falling due within one year 17 (38,514) 153,061) Net current assets 846,379 450.500 Total assets less current liabilities 4,110,445 5,063,851 Creditors: amounts falling due after more than one year (2.419,061) Net assets 4,110,445 2,644,790 Capltal funds Endowment funds Income funds Restricted funds Deslgnated funds General funds 1.048.874 127,340 505,385 3,477,720 46,359 210,000 1.339,S57 4.110.445 2,644,790 The financial 5taternent5 were approved by the Board Of Trustees on J A Church Mr N Bruce ompany Registration No. 1908006 14-
Save The Family Limited statement of cash flows For the year ended 31 March 2024 2024 2023 Notes Cash flows from operating activities Cash generated froml(ab50rbed by) operations 22 1,688,398 (135.089) Investing activities Proceeds from disposal of tangible fixed assets 1,150,000 11,167 Investment income received 2.498 Net cash generated from investing activities 1,161,167 2,498 Financing artivities Repayment of bank loan5 (2,445,737) (26,676) Net cash used in financing artivities (2,445,737) (26,676) Net increase/(decrease) in cash and cash equivalents 403,828 (159,2671 Cash and cash equlvalents at beglnnlng of year 453,596 612,863 Cash and cash equivalents at end of year 8S7,424 453,596 15
SAVE THE FAMILY LIMITED Notes to the financial statements FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Save the Family Limited is a private company limited by guarantee incorporated in England and Wales. The registered orrice is Cotton Hall Farm, Cotton Lane, Cotton Edmunds. Chester, Cheshire, CH3 7PZ. 1.1 Accounting convention These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"). "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. 1.2 Going concern At the time of approving the financial statements, the board of trustees have a reasonable expectation that the charity ha5 adequate resources to continue in operational existence for the foreseeable future. Thus the board of trustees contlnue to adopt the golng concern bas15 of accounting in preparing the flnancial statements. 1.3 Charitable funds Unrestricted funds are available for use at the dlscretlon of the board of trustees in furtherance of their charitable objectlves. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restrlcted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be malntalned by the charity. 1.4 Incoming resources Income is recognised when the charlty Is legally entltled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that Income wlll be recelved. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Grant income is expended in the year as agreed within the terms of the grant. 1.5 Resources expended Expenditure is accounted for on an accruals basls and ha5 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to partlcular headings they have been allocated to activities on a basis consistent with the use of resource5. 16
SAVE THE FAMILY LIMITED Notes to the financial statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of a55et5 less their residual values over their useful live5 on the following ba5es= Land and buildings Fixtures, fittings & equipment Motor vehicles straight line over So years and 74 year5 15% on cost 250/0 on cost The gain or10ss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquid Investments wlth orlglnal maturStles of three months or less, and bank overdrafts. Bank overdrafts are shown withln borrowings In current Ilabllltles. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Baslc Flnanclal Instruments. and Section 12 '0ther Financlal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charlty becomes party to the contractual provlslons of the Instrument. Financlal assets and Ilabllltles are offset, wlth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognlsed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 1.9 Employee benefits The cost of any unused holiday entitlement is recognised in the perlod In whlch the employee's services are received. Termination benefit5 are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.10 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 17
SAVE THE FAMILY LIMITED Notes to the financlal statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 Critlcal accounting estimates and judgements In the application of the charity's accounting policies, the board of trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other source5. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect5 only that period, or in the period of the revision and future periods where the revision affects both urrent and future periods. Donations and legacies Unrestrlcted Restrirted funds funds TotJl 2024 Total 2023 Donations and g1ft5 Grants 206,266 222,779 206,266 410,390 61,055 375,649 187,611 429,045 187,611 616,656 436.704 For the year ended 31 March 2023 292,886 143.818 436,704 Grants receivable for core activities Oak Foundation Grant St Brldget's Trust Maria Marina Sir Donald and Lady Edna Wilson Trust Lloyds Bank Foundation Barbara Ward Foundation Zochonis Trust Cheshire Community Foundation Swires Charitable Trust Ministry of Justice The Henry Smith Charity Paget Trust Other Restricted funds - see notes 40,000 40,000 37,500 4,000 9,000 50,000 2.250 6.000 70.000 14.548 33.467 10,611 35,000 35,000 6,000 5,000 6,000 5,000 65,843 60.000 3.000 7.936 65.843 60.000 3,000 7,936 187,611 187,611 138,273 222,779 187,611 410,390 375,649 18-
SAVE THE FAMILY LIMITED Notes to the financial statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Famlly activities 2024 Famlly actlvities 2023 Housing benefit income utilities income Income from sales 214,412 26,816 179 175.379 35.486 241,407 211,649 Fundra15ing income Unrestrlrted Restrlrted lunds funds general 2024 Totsl Total 2024 2024 2023 Fundraising income 14,034 14,034 20,356 For the year ended 31 March 2023 18.387 1,969 20,356 Investments Unrestricted funds 2024 Total 2023 Interest receivable 11.168 2.498 Raising fund5 Unrestricted Total lunds 2024 2023 Fundraising trading . Cost of goods sold and other costs Function and fundraising costs 1,308 3,985 1,308 3,985 19
SAVE THE FAMILY LIMITED Notes to the financial statements (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 8 Charitable activities Unrestricted Restricted 2024 2023 Staff costs 494,992 54.843 7.686 26.652 18.405 79,436 48.444 2,783 12,636 11,528 1.339 1,734 297 79,890 574,882 54,843 7,686 26,652 19.514 506.592 65,277 6,650 29,862 18,490 70,160 95,213 9.079 11.574 16,404 783 Depreciation and impairment Equipment hire Rent Insurance 1,109 Light and heat Repairs and renewals Bad debt5 149 79.585 56.425 2,783 12,824 28,431 1,339 1.734 297 7,981 Training Activities and outings Cleaning Subscriptions Sessional workers General expenses IPPEI 188 16,903 1,917 1,950 50 13 410 423 Charltsble activities 760,788 106,630 867,418 834,001 Share of support costs Share of governance costs 157.684 4,000 157,684 4.000 168,411 3,780 Support and governance costs 161,684 161,684 172,191 Total 922,472 106,630 1,029,102 For the year ended 31 March 2023 778.395 227,797 1,006,192 20-
SAVE THE FAMILY LIMITED Notes to the financial statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 Employees The avernge monthly number of employees during the year was: 2024 Number 2023 Number Families Team Childrenlyouth Estate management Management and administrdtion Total 22 21 Employment costs 2024 2023 Wages and salaries Soclal security costs Other penslon costs 618,241 52.032 12,735 577,245 48,801 11,682 683,008 635,520 The number of employees whose annual remuneration was more than £60,000 is as follows: 2024 Number 2023 Number £60,000 - £70,000 21
SAVE THE FAMILY LIMITED Notes to the financial statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 Staff costs Office supplies and telephone General expenses Legal and professional Motor and travel Depreciation of tangible fixed a55ets Bank charge5 and interest 120,623 120.623 131.136 131,136 12.038 217 12,038 217 9.489 244 9.489 244 14.818 5.842 14,818 5,842 8,883 2,282 8,883 2.282 2,364 2.364 9,028 9.028 1.782 1,782 1,514 1.514 Audlt fee5 4,000 4,000 3.780 3,780 157,684 4,000 161,684 162.576 3,780 166,356 Analysed between Charitable actSvlties 157,684 4,000 161,684 162,576 3,780 166.356 Governance costs includes payments to the auditors of £4,000 (2023- £3,600) for audit fees. 11 Volunteers The charlty benefits from 16 active volunteers, 11 Trustee volunteers and numerous hours supplied by corporate supporters. 12 Other 2024 2023 Endowment fund freehold property depreciation 34,494 34,494 22-
SAVE THE FAMILY LIMITED Notes to the financial statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 13 Extraordinary item During the year the charity has recognised an upllft of unrestricted funds of £1,554,843. This has arisen following the sale of the property known as Plas Bellin. Transaction details were as follows:_ Unrestricted funds 2024 Total 2023 Sale proceeds Legal fee5 Loan redemption contribution 1,150,000 (1,848) (674,700) Cash received 473,452 Unrestrlcted funds 2024 Total 2023 Balance of loan prlor to sale Loan redemption contribution Loss on disposal Site security costs Estate agent fees Legal fees Other 2.445.741 (674,700) 1142,079) (41,2231 (22,824) (7,819) (2,253) Extraordinary item now recognised 1,554,843 As noted above, from the sales proceeds, a payment was made to Future Builders of £674,700 in part repayment of the outstanding loan secured on the property. At the same time, it was agreed that the balance of the outstanding loan from Future Builders would be written off. Save the Family has also lost, annual rental income of £106,724 due to the sale of Plas Bellin. 23-
SAVE THE FAMILY LIMITED Notes to the financial statements (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Land and buildings Flytures,Hotor vehl¢les fittings & equipment Totsl Cost At l April 2023 Disposals 6.302.010 {2.246.418) 307.832 95,969 6,705,811 (2,246,418) At 31 March 2024 4,055,592 307,832 95.969 4,459,393 Depreciation and impairment At l April 2023 Depreciation charged in the year Eliminated in respect of disposals 1,692.226 54,843 (954,339) 305,389 1,239 94,844 1,125 2,092.459 57,207 (954,339) At 31 March 2024 792,730 306,628 95,969 1.195.327 Carrying amount At 31 March 2024 3.262,862 1.204 3,264,066 At 31 March 2023 4,609,784 2.443 1,124 4.613,351 15 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued Income 6,879 5.133 15,457 32.869 4.995 12,101 27,469 49,965 16 Loans and overdrafts 2024 2023 other loans 2.445.737 Payable wlthin one year Payable after one year 26,676 2,419,061 24-
SAVE THE FAMILY LIMITED Notes to the financial statements (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 17 Credltors: amounts falling due within one year 2024 2023 Notes Other loans Other taxation and social securlty Trade creditors Other creditors Accruals and deferred income 16 26,676 11,180 4,053 3,911 7,241 14,652 7,112 7.056 9.694 38.514 53,061 18 Creditors: amounts falling due after more than one year 2024 2023 Notes other loans 16 2,419,061 25-
J o tn Ln o O ¢ 40
SAVE THE FAMILY LIMITED Notes to the financlal statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 20 Movement in fund$ At 1.4.23 Income Expenditure Transfers At 31.3.24 General funds 1,339,557 2.524,652 (1.139.978) 753,489 3.477,720 Designated funds: Fundraising Contingency Provision Sinking Funds SIB Funds 180,000 30,000 180,000 30.000 295,385 295.385 210.000 295.385 505,385 Restricted funds Family & Childrens Activities b. Maria Marina Mentoring Programme . Family Mentoring Outreach d. Facilities & Refurbishment Fund e. Vehicle Fund f. Charles Haywood Foundatlon g. Westmlnster Foundation h. Nationwide Masonic Charitable Foundation Earl of Chester Fund 10,206 20,358 (17.462) 13,102 21.036 3,939 9,581 1,597 40,000 (46,800) {3,939) {7.681) {1,597) (15,336) {2,481) (7,832) (3.502) 14,236 16,021 17,921 23.000 9,917 52,305 21,010 5,000 7,664 7,436 44,473 17,508 5,000 46,359 187.611 (106,630) 127.340 Endowment funds Plas Bellin Morgan Cottages Boswell Hall capital fund 657.633 86.915 304.326 (657.633) (86,915) (304,326) 1.048.874 (1,048.874) TOTAL FUNDS 2,644,790 2,712,263 (1.246,608) 4,110,445 27-
SAVE THE FAMILY LIMITED Notes to the flnancial statements (continued) FOR THE YEAR ENDED 31 MARCH 2024 21 Movement in funds - continued Family & Childrens Activities donations and income raised towards family outings and activities onsite that include donations from individuals as well as the following: £6,440 from Cheshire West & Chester for. Edsential Holiday Grant Fund (£5,000 for Summer Holidays, £1,440 for Christmas Holidays). £4,554 from the Cheshire Community Days Out Fund. £850 from CWVA Welcome Network towards healthy eating during school holidays. £575 from the George Heath Foundation to fund Christmas trips and activities. Over £4.000, received in this financial year, from Sandiway Golf Club as their Charity of the year to fund childrens equipment, trips. outings or activities. £2,000 from DWP to purchase food vouchers for families over the wlnter holidays. The Mentoring Project - funded by The Maria Marina Foundation over 3 years totalling £150,000 providing fL5nding towards the Mentoring Team. The Family Mentoring Outreach Project has been granted £224,441 over 3 years from The National Lottery Community Fund. The Facilities and Refurblshment Fund received the following; £5,000 from Beatrice Laing towards facilities costs. £5,000 from Pilkingtons towards the cost of replacement windows. £6,021 from M&S I HSBC towards the Outdoor Classroom project. The Vehicle Fund has recelved grants from the following; £15,000 from The Clothworkers, Foundation towards a people carrier vehicle to transport the families. £12,698 from The Morri50ns Foundation towards a people carrier vehicle and associated costs. Charles Haywood Foundation awarded a £46,000 grant to fund a Famlly Mentor Post over 2 years. Westminster Foundatlon awarded a £9,917 grant towards salary cost for the Children's Team. Natlonwlde Community Grants Programme awarded £52,305 towards a Famlly Mentor post over 2 years. Masonlc Charltable Foundation awarded a £63,028 grant to fund a Chlldren and Young People's Mentor over 3 years. Earl of Chester Fund awarded a £5,000 grant to Improve WIFI acrosss the slte. 22 Cash generated from operations 2024 2023 Surplus1{deficit) for the year 1.465.655 (215,254) Adjustment5 for: Investment income recognised in statement of financial activities Depreciation and loss on disposal of tangible fixed assets Difference between pension charge and cash contributions (11,168) 196,922 2,364 {2,498) 108,799 Movements in working capital: Decreasel(increase) in debtors Increase/(decrease) in creditors 22,496 12,129 (9.741) (16,395) Cash generated from/ (absorbed by) operations 1,688,398 (135.089) 28-