REGISTERED COMPANY NUMBER: 2230876 (England and Wales) REGISTERED CHARITY NUM8ER: 0700138 Report of the Trustees and Financlal Statements for the Year Ended 31 March 2024 for Birmingham Crisls Centre *ADIFTKSQ' 2111W2024 COMPANIES HOUSE A11
Blmilngham Crlsls Centre Contents of the Financlal Statements for the Year Ended 31 MarGh 2024 Page Report of the Trustees Roport of the Independent Audltorg Statement of Financial Activities Balance Sheet 10 Cash Flow Statsment Notes to the Cash Flow Statement 12 Notes to the Flnanclal Statemonts 13 to 26 Detailed Statement of Financlal Activltles 27 to 28
Bimiingham Crisis Centre Report of the Trusteos for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Acl 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms The principal activity of the charity is the provision of a safe haven for victims of domestic abuse. The charity is supported by funding from the City of Birmingham and other charitable bodies as well as by donations. Public benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Our main aim is to provide emergency, temporary accommodation offering safety and security to women and children fleeing domestic abuse, enabling them to fulfil their own potential and determine their future, in a non-judgmental environment. During their stay with us a team of trained professional family and childcare Support Workers, working in partnership with outside agencies, support, encourage and empower our residents to move fonNard to a safer and healthier future. Established in 1988, Birmingham Crisis Centre is one of the largest independent refuges for supporting domestically abused women and children in Europe, providing a safe haven for mothers and children. Members of our support staff are on hand, 24 hours a day, 7 days a week, to offer practical and emotional support and advice with accessing benefits, healthcare professionals and legal services, liaison with statutory and other agencies, and support with housing re-settlement with the ulMate aim of rebuilding lives and avoiding similar situations in the future. We are one of the only places in the UK that can house up to 5 children and a mother together and, unlike many other centres, we also accept male children up to 16 years of age, as we are committed to keeping the family together wherever p055ible. We also have the benefit of a communal lounge and garden facilities for families to socialise in. Up to 60 children aged 0-16 can be living In the centre at any one time. To enable children to have some routine and educalion from arrival. away from their previous geographical location, we have a purpose built nursery on sile which OFSTED rated as "Good" on their last inspection in September 2019 . Thanks to the generosity of supporters, several years ago we were able to complete the building of an extension to our nursery which provides facilities for babies under years of age, and makes us fully compliant with current legislation as well as providing badly needed extr8 space for children's activities. During the year women and children from diverse backgrounds and cultures have used the facilities of the Centre which in itself brings complications of language and custom Irrespective of such drfferences each new arrival has been treated with the same courtesy and kindness that are hallmarks of the Centre staff throughout the duration of their stay. During the year the news regarding the financial crisis wrthin Birmingham City Council was announced. At the time as our contractual arrangements were secure until the end of November 2024, and Birmingham City Council has already committed to honour its contractual arrangemenls, there was no immediate impact on the revenue. The managemenl committee decided that any non*ssential spend should go through a more rigorous review before being approved and this would continue until we had greater clarity on the plans of Bimiingham City Council and particulady in relation to the contractual arrangernents after November 2024. During the current year we have continued this process and although we have ensured essential Maintenance or capital spend has continued, we have not commenced any significant new projects although we continue to consider these for the future. The trustees were delighted when in November 2022. the quality of the hard work of all our staff was recognised, when the Centre was named winner of the Charity of the Year Award at the 7th Bimingham Awards Ceremony, after being shortlisted with five other local charities. We were also shortlisled in the final ten for the same award in the following year. We also continue to receive praise from Social Inclusion for our ongoing Therapy and counselling work wrth the residents and their children. Page 1
8irmlngham Crlsls Centre Report of the Trustees for the Year Ended 31 March 2024 In addition to the in house services provided to residents we operate a enty four hour helpline, available to anyone, who may be a victim of dornestic abuse, or those supporting a friend or relative and are seeking refuge, help, confidential advice and support. Further information about our activities can be found on our website.. www.birminghamcrisis.org.uk Furthermore, the Centre staff regularly make Domestic Abuse presentations. at suitable local events covering all types of seclors, to promote and increase the awareness of signs and the frequency of victims. STRATEGIC REPORT Financlal position The results for the year are shown in the attached financial statements. In October 2022, immediately before the end of the existing Birmingham City Council Social Inclusion funding contract we were advised that the contract was to be extended for a further two years until November 2024. This recognised Ihe fact that we continued to exceed the outcomes and hours of support required under the terms of the contract, and at the time the trustees recognised this was a significant achievement particularly during ihe period of the Pandemic which brought so many incremental challenges and restrictions that the Centre had to deal with. Since then Ihe news of the Birmingham City Council financial crisis broke, bringing increased uncertainty about future funding availability. Thus we were delighted to hetir in Autumn 2024 that we have been awarded new Social Inclusion funding contracl with Birmingham City Council. The new contract term is for a minimum of two years with an option for to be extended for a further five years thereafter, and will commence from 1 December 2024, with a modest increase in the annual funding amounts. This provides certainty for the foreseeable future for both the trustees, staff and residents of this important funding source. The rehousing of residents as they reach the end of their slay at the Centre continues to be more challenging than in the past, and our slaff continue to work very hard to support the women and children as they seek their future accommodation. This slowing down also prolongs the duration of residents stay at the Centre and prevents other potential residents taking those spaces as they become free. The impact ol conlinued high inflation over the last 2 years has inevltably affected the results in the current year. with our day-to-day running costs showing an Increase on prior years, and making the contributions from our supporters even more important to the Centre. Although the increased challenges and restrictions arising during the Pandemic generally ceased during the prior financial year. we continue to ensure the high standards of hygiene are maintained as business on an ongoing basis. We will continue to rigorously review all non*ssential spending, and continue to seek new and innovativa ways to inlroduce further funding to supplement our principal funding sources, but the charity continues to rely on the generosity of friends and supporters of the charty and the support of both its staff and trustees to provide services of a high standard to all residents. Inv•stm•nt policy and obJactlvo8 All investmenls made in the year have been made in accordance with the Trustees, power of investment. The Trustees consider the income requirements. Ihe risk profile and the investment managerfs view of the market prospects in the medium term. The investment strategy is sel within an overall policy of investing in low and medium risk inveslments which generate both income and capital growth. The Management Committee consider the return on investments in the year to be satisfactory. Page 2
Blmilngham Crlsis Centre Report of the Trustees for the Year Ended 31 March 2024 Reserves pollcy Birrningham Crisis Centre needs reserves to.. - cover up to six months cash flow as some grants and accommodation charges are paid in arrears. - cover unexpected salary or employee contingencies. - ensure that there are sufficient funds to cover any unexpected items of expenditure. - ensure that it can manage any major expenditure requirements on the premises that it manages. ensure that staff are fully trained in all aspects of their work and are kept up to date with changes in laws and regulations Impacling on their work. Based on the above, the trustees ensure that the chanty aSways has sufficient free reserves to ensure a minimum of £400.000 is available in the designated and general reserves. The charity is currently holding higher reseNes which will be used to finance its ongoing support of our residents. The main reserves of the charity and their purposes are set out in note 1810 the accounts, Going concern The trustees have made a statement in note 1 to the accounts regarding their continued belief that no malerial uncertainties exist and therefore they have concluded that the accounts can be prepared on a going Concern basis. Prlncipal risks and uncertainties The trustees have a duty to identify and review the risk$ to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Management Committee has completed ils own review of the major risks to whieh the charity 1$ exposed and ensure that systems have been established to mitigate those risks. The continuing implementation of Ihe new 8imiingham Standard. to which Social Inclusions providers are expected to work, ensures a consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Future plans Our main focus continues to be to protect the health and wellbeing of our residents and our hardworking staff. As stated above the impact of the Pandemic has eased over the last 12 months, but we remain committed to maintain our Health & Safety programme to control virus Infections. Al tha same time Y are seeking opportunities and ways of increasing our wellbeing programmes and outcomes. Wrth the recent news in September 2023 about the financial status of Birmingham City Council the management committee recognised the irnportance of monitoring closely any potential impact that may have on Ihe funding received from the Council. The recent news. in late 2024, that we have been awarded a further Social Inclusion funding contract by Birmingham City Council has alleviated any immediate concerns in thal area. However, we recognise the importance of continuing lo maintain our high operational standards to ensure future funding is secured bolh from current and alternative sources, alongside our continuous rigorous cost control. We will continue to considef ways we can bring our expertise and support to help anybody who maybe experiencin9 domestic abuse in the wider communty. In addition to continuing to deliver a consistent quality of care and support to victims of domestic abuse and maintaining the high standard of facilities, Bimingham Crisis Centre also has a Moving Forward fund to provide services to residents to move forward once they have been re-housed. Page 3
Birnilngham Crisls Centre Report of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document Birmingham Crisis Centre is constrtuted as a charitable company limited by guarantee. Each member of the Company undertakes lo contribute a sum, not exceeding £10, to the company's assets if it is wound up whilst a member or within one year after ceasing to be a member. Ils Memorandum and Articles of Association govem the charity and the policies made by the Board of Trustees and Management Committee. Recrultment and appointment of new trustees New Trustees receive an introduction to all aspects of the charity and are subject to Disclosure and Barring Service5 checks. The Trustees and Management Committee meet every two months and are responsible for overseeing the strategic direction of services, undertaking responsibilrties as an employer, ensuring good govemance and ensuring 11)al services are of a high standard. The day-to-day responsibility for the provision of the services is d6,legated to the Chief Executive, Alan Fleming. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Management Committee has completed its own review of Ihe major risks to which the charity is exposed and ensured that systems have been established to mitigate those risks. The continuing implementation of the new Birrningham Standard, to which Social Inclusion providers are expected to work, ensures a consistent qual¢ty of delivery for all operational aspects of the charrty. These procedures are periodically reviewed to ensure that they conlinue to meet the needs of the chanty. REFERENCE AND ADMINISTRATIVE DETAILS Reg181ered Company number 2230876 (England and Wales) Registered Charity number 0700138 Registered office PO Box 3634 Birmingham 8191ET Trustees Dr N E Farrow (resigned 27.7.23) Mr M Hooper Dr C B Ghosh Mrs S R 8roughton DrA O Hardie Mrs C J Ankcom Mr J Winfield Ms L Bloom Mr T H Byrne (resigned 15.11.23) Mr K W Wood (appointed 1.3.24) Dr D G Jaddoo MBE (appointed 11.8.24) Company Secretary Mr M Hooper Auditors JW Hinks LLP 19 Highfield Road Edgbaslon Birmingham 815 3BH Page 4
Bimilngham Crisis Centre Report of the Trustees for the Year Ended 31 March 2024 INDEMNITY INSURANCE Indemnity insurance was purchased on behalf of the trustees during the year at a premium of £818 (2023 . £811). STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Bimiingham Crisis Centre for the putposes 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 stdte 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 I'equired to select suitable accounting policies and then apply them consistently., obserle the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the linancial statements., prepare the financial stalernents on the going concern basis unless rt 13 inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charitable company and to enable them to ensure Ihal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularlties. In so far as the trustees are aware.. there is no relevant audit information of which the charilable 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 audit infomation and to establish that the auditors are aware of that information. AUDITORS The auditors, J W Hinks LLP, will be proposed for re-appointment at the forthcorning Annual General Meeting. eport of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors. on .l.g..P.QLemW..2ts1tr....... and signed on the board's behalf by.. DrA D Hardie- Trustee Page 5
Report of the Independent Auditors to the Members of Birniingham Crisis Centre Opinion We have audited the financial statements of Birmingham Crisis Centre (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statemenl of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework Ihat has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom 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. including its income and expendrture, 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. Basls for opinion We conducted our audit in accordance wrth International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those slandards are further described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu8lon8 relatlng to golng concem In auditing the financial statemenls, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company'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 trustees with respect to going concern are described in the relevant sections of this report. Other Infomiatlon The trustees are responsible for the other information. The other infomation comprises the infomation included In the Annual Report, other than the financial statemenls and our Report of the Independent Audrtors thereon. Our opinion on the financial statements does not cover the other infomation and, except to the e>lent othep4vise explicitly stated in our report, we do not express any lomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomation and, In doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstaled. If we identfy 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 woth we have perfonned, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon8 on other matters pre8crlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course ofthe audrt.. th8 information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 6
R•port of the Ind•pgnd•nt Audltorn to tho fd•mbor• ol, Blnnlnghm Crl8lB Cfjntr• lathro on %lJlch w• •rn roqulr•d to rnport by •xe•ptlon In Iho Ilght d the kn• and underntanding of the charitable Gompany and its en¥lronfftent obtalned In th• c4)urae oflhe audl wè IdenlifAd m•tertal ffll&slatom¢nts in tho Reptyl ofthe Tt0th. W• havo nclhlng lo report In r•ip•ct of th folln9 m8ttw• wth•r• th• Campankn• Act 201XI rawlm to rnport to you IF, tn our ownion: adqqu8te accountlng rncords hwe not béeft kepl or rnlum• 2d•quato for our audlt hwe not baèn roc¢l¥ed btsnch•s not ¥18it¢d by us", or the finandd •tal•ments aro not In •gfogmont wllh th• ae¢ounllng rKqd• And rnlurn•', or c•rt8in dtKIo8ure8 of Iru8tee8' romunoration 8p8ciffiod by law arn rK>t made; or we havii not reGe6vod all tho Irrform&llon and W51artmJns wo rnqulrp for our audiL Respon8lblllll•8 olln AS wilafned more ful In th• &atemenl ol Tnthes, Reyn8lbllllkn, tha trusl¢•8 (who are allo th• dItrjTB of'tho thoritablo company for Ihg pulpw of company law) are BpOrtbla for the prepar¥kn of the trln#nclal siatoments ond lor being S1•fi•d th•t Ihey glv• a Iru• and falr Vlw. and 8uch Int•mal cortrol a8 thg trn8ta dotemilno kn nec&B8•ry lo onablo tha prnparatlon of finan& •t•tsm•nts that •rn frn8 Irryn rroteri•l MI101Pnont, wh•thw du• lo fr•ud or wror. In prnpartng thè financkql •l•tem¢nts, the InJste•• are f8w•lbl• for &8ge8slng th• eJ)Irhab eompanV8 obllty lo continu8 ai a going c4nc•m, dkndosing, 49 8ppllcsbk•, mattern r•laled to qolng conc•m and using golng concem ba819 ol accounting unlegs the tru9tees e6ther Inlend to Ilquldale Iho.¢ttailtabb compJry or to GO•UO OPOrntion8. lx have no rnallstlG aKemalvo tsjl to do . Our rnwTr•lblllde• forth• audft of th• fln•nclal Jtsl•monl• Our oble¢tTrM are to t)btsln reasonable a98urnnce about wfiether Ihe finondal Jtatem8nt8 a8 o are frno from m•torlal ml88tatemonL wt¢ether due ts fraud or e(ror, and to188u• a Roport of the Independent Auditorn that h¢ludo9 aur oplnlon. RaA8onable a88uran l• a high 1ov•l of ai•uranc•. bul 16 not gu•rnnt•• that an audit (nducted In 8¢¢ordence ¥Alh ISA8 (UK) wlll akvays d•teci • mater181 mts•tsteffI wtwi li oXi8ts. Mi8St4toment8 can 0ri68 fiom fraud Or efror and are con•idered material ff, IndWu8lly or In th• 8ggrag8to, they could rea80nabty.be wected to Influénce the economtc dechion6 01 u80rn taken on the bwl• al thwfinanclal •tat•rnont¥. oknnt'to vthich our pr¢¢•durw are ¢yble of detectlng Irrooularitiej.. indudin9 frnud l• d•tsllod beknw,. id•ntlfi•d •rn•• of Irw• and f•guIlOn• that Muhj r•A•ohibly b• •Wd to hav• a rnthl •ffe¢¢ on th• finAnci81 ItstemS and d1BCu8d tha pollcl88 a1 procedurng reoardlng mPlI{fice. spofiG arvas considered wern * follows: Enqulrtrffj with monagement ond othgr• to galn an und•T&tandlng ol th• oryan1•0on IA•ll indudlng owrntlon•. financial ropvrtin9 and known fraud or •rror. EVaatIng and underntandlng the intemal control ty•tgm. . Porformlng analytiGal prvredum as ewtod or UnexpKt var[an& In acc<t balanc•s or clou•• trarmacllons appear. . T•stlng docum¢ntstbn •upporttw aoo)unl b•Fanc•• or ¢l••M• oftran••don•. to tha Inhorent Ilrnltslcns ol an aLhdtt, there 18 •n una¥cthl8bl8 th that we not det8cled.all irregukgrltios IrKludlng tho60 leadlng lo motert81 mS8gtst¢ments In the flnNncl•l 8t8twnonts w non4ampllqn with wulatktn. •¥•n though w• h• PfOP•rty pl8nn•d and p•rfonn•d our audtt In •ceord•rK• wlth audmng 8tar#lard8. .Th rf6k Increasos tho more that compllance wfth ¥ law or rngulalion 'lB remobyd from the ovon15 and trAMactton• 0cted In the finondal 8tsl•ments, 88 T wll b8 lfj Ilk•ty to bec¢yrno &•varn of Ingtsnce8 of rton<ompll•nc•. Th• rllk 18. al¥0 gr•at•r r•g8nllng irragulo1itieB oceuthng due lo frwd rAth•r than •ffor. Irathl InKl¥e6 Intentlonal concoalm8nL lorgory. collu0, ¢mh•ion or misr¢pre8¢nlo1kn. A fvrther de8cripliort of our rnspon61bllltlos.for the audlt of the ffnancial statem IB locatod the FlnarrGi&l R•porttng Coundf• w•bgtt0 at VW4V.fr¢.org.ukl9udltor•rn•ponbIIItleS. ThlB dawiption lom¥ part ol Our Report oltha Ind•p•nd*rt AIKIKor8. Pago 7
R•port of th• Ind•pond•nt Audllorn to th• M•mb•rn of Blmilngham CrfISB C•ntr• U•• ol our r•port ThlB feport18 rnde telY to the charllabt• comp8nl* Thmberj. a8 i body. Sn i¢cordonc• Ch•ptsr 3 01 Part 16 01 Companles Art 2006. Our audit VAJrk hos been undertaken 80 that we rht state to the ¢hwil4bkn ¢ompfinlv memhrs Iho3e mthrn we oro rnqulrnd to gt4t• to thom in an auditorn, rewt •nd far no oth•r purposo. To tho full8•t •Jlwrt pormfttad by law, we do Mt 8eeepl or •uume rn8PDrMlbllW to anyone 4>ther than Ihe dwrftabl• cAmpony and the ch4rtsbb ccmpanY8 memb•rn Jo a body, (or our audlt work. forthh rgPOrt orfor tho oplnlonl we hav8 1m•d. Peter &nlih CA (Senlor Slalutory Audtt¢r) J W Hinks LLP JW Hlnk• LLP 19 HlgPffleld Edgba8ton Bimiingham B15 3BH
Bimiingham Crisis Centre ststement of Financial Activities (Incorporating an Income and Expenditure Account for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Designated fund funds Restficted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 32,866 32,609 65.475 52.368 Charitable actlvities Operation of the centre 717,500 17,716 735,216 808,733 Investment income Other income 19,556 633 19,558 633 15.679 Total 770 555 820 880 876 780 EXPENDITURE ON Raising funds 5,150 5,150 4.409 Charltable actlvltles Operation of the centre 737 452 872 656 899,809 Total 742,602 73,437 61,766 877,805 904.218 Net surplu81(doficitl b•fore galns 27,953 (73,4371 (11,441) (56,925) {27,438) Net gainsl(lossesl on investments NET INCOMEIIEXPENDITURE) 61,775 173,437) 111,4411 123,103) 143.469) Transfers b•tw•en funds 18 51.472 6.975 Net movement in funds 3,328 (21.965) {4,466) (23,103 (43,469) RECONCILIATION OF FUNDS Total funds brought forward 93,515 1,099,458 207,670 1,400,643 1,444.112 TOTAL FUNDS CARRIED FORWARD 96,843 1077 493 1400.643 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activrties. The notes fonn part of these financial statements Page 9
Birmingham Crisls Centre Balance Sheet 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets Investments 12 13 S46,239 570.423 573,846 511.984 1,116,662 1,085,830 CURRENT ASSETS Debtors Cash at bank 14 38,430 248,551 37,589 321.835 286,981 359,424 CREDITORS Amounts falling due within one year 15 (26,103) {44,811) NET CURRENT ASSETS 260 878 314 813 TOTAL ASSETS LESS CURRENT LIABILITIES 1,377,540 1,400.643 NET ASSETS 1.377,540 1,400,643 FUNDS Unrestricted funds Includes revaluation reseNe of £74,887 (2023- £46,469) Designated funds Restricted funds 18 96,843 93,515 1.077,493 1,099,458 207 670 TOTAL FUNDS 1400,643 The financial statements were approved by the Board of Trustees and authorised for issue on 19. Cern..102 and were signed on its behalf by.. Dr A D lardle- Trustee The notes form part of these financial statements Page 10
Bimiingham Crisis Centre Cash Flow Statement for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operatlng actlvltles Cash generated from operations 68,223) Net cash (used in)Iprovided by operating activities 68 223) Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale ol fixed asset investments Interest received Dividends received (2,168) (158,929) 21,343 2,818 12,861 (64,570) 39,953 3,272 16,284 Net cash used in investing activities 5,061) 124 075) Change in cash and cash equlvalents in the reportlng perlod Cash and cash equivalents at the beglnnlng of the reportlng perlod (73,284) (118,704) 321835 440,539 Cash and cash equlvalents at the end of the reporting perlod 248 551 321835 The notes fonn part of these financial statements Page11
Birmingham Crisis Centfe Notes to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net oxpenditure for the reporting period {as per the Ststement of Financial Activiliesl Adjustments for: {Gain}Ilosses on investments Interest received Dividends received Depreciation of tangible fixed assets {Increase)Idecrease in debtors <Decreasellincrease in creditors (23,1031 (43.469) 133,8221 (3,2721 (16,2841 27,607 (8411 18,5081 16.031 (2.818) (12,861) 29,192 8.962 10,334 Net cash (used In)Iprovided by operations 68 223) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank 321835 73 2841 248,561 321836 73 2841 Total 321835 73 284) The notes form part of these financial statements Page 12
Blmiingham Crlsis Centre Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES General information Birmingham Crisis Centre is a chanty incorporated in England and Wales. The address of the ¢harity's registered office is PO Box 3634, Birmingham, B19 1ET. Accounting convention The financial statements of the Charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102) ' Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019)" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Companies Act 2006 and the Charities Act 2011. The financial statements have been prepared using the histoflc Cost convention as modified by the revaluation of investments and are presented in sterling which is the functional currency of the Charty, rounded to the nearest £1. The signrficant accounting policies applied in the preparation of these financlal statements are set out below. These policies have been consistently applied to all years presented unless othenwise stated. Company status The Charily is a company limited by guarantee. The members of the Charity are the trustees named in the Report of the Trustees. In the event of the Charity being wound up the liabilty in respect of the guarantee is limrted to £10 per member of the Charity. Crltlcal accountlng Judgements and key sources of estimation uncertainty In the application of the Charrty's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. Incom• All income is recognised in the Stalement of Financial Adivities once the Charity has entitlement to the funds, rt is probable that the income will be received and the amount can be measured reliably. For donations to be recognised the Charity will have been notified of the amounts and the settlement date. If there are conditions attached to the donation and Ihis requires a level of perfomance before entitlement can be oblained then income is deferred until those condrtions are fully met or the fulfilment of those condrtions is within the control of the Charity and it is probable that they will be fulfilled. Investment incorne is earned through holding assets for investment purposes such as shares. It includes dividends and interest receivable. Interest income is recognised using the effective interest rate method and dividend income is recognised as the Charities right to receive payment is established. Investment management costs are included in expenditure. Expendfture All expenditure is accounted for on an accruals basis and has ba•n classrfied under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constwctive obligation to make payments to third parties, it IS Probable that the settlement will be required and the anK)unt of the obligation can be measured reliably. It is categorised under the following headings. Expenditure on charitable activities. Page 13 continued...
Birnilngham Crlsls Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Expendlture Other expenditure representing those items not falling into the above categories. Allocation and apportlonment of costs Support costs are those that assist with the work of the Charity but do not directly represent charitable activities and include office costs, governance costs and other administrative costs. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Long leasehold 99 years on a straight line basis, S or 50years on a straight line basis Fixtures and fittings Motor vehicles 3, 7or 20 years on a straight line basis 5 years on a strai9ht line basis Flxed asset Investments Investments are recognised initially at fair value which is normally the transaction price excluding Iransaclion costs. Subsequently, they are measured at fair value with changes recognised in "net gainsl(losses) on investments" in the Statement of Financial Activities if the investments are publicly traded or their fair value can otherwise be measured reliably. Taxatlon The charity is exempl from corporation tax on rts charitable activities. Operatlng leases Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease. Fund accountlng General funds are unrestricted fund$ which are available for use al the discretion of the tNstee$ in furtherance of the general objective5 of the Charty and which have not been designated for other purposes. Designated fund8 comprise unrestrlcled funds that have been set aside by the trustees for particular purposes. The trustees intermittentty review the desonated funds as is necessary when circumstances change and changes to the designation may be required. The intended aim and use of each designated fund is set out in Ihe notes lo the financial statements. Restricted funds are funds which are to be used in accordance with specific restriclions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Ponsion costs and other post-retlremont bonellts Conlributions to the personal pension schemes of certain employees are charged to the Statement of Financial Activities in the period in which they relate. The assets of these personal pension schemes are held separately from those of the charitable company in independently adrninislered funds. Employee benefits Vithen employees have rendered service to the Charity, short-term employee benefits to which the employees are entitled are recognised al the undiscounted amount expected to be paid in exchange for that service. Terniination benefits are recognised immediately as an expense when the Charity is demonstrably committed to temiinate the employment of an employee or to provide termination benefrt. Page 14 continued...
Bimiingham Crisis Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Financial instruments The Charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of rts financial statements. Financial instruments are recognised in the Charities balance sheet when the Chanty becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slatements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simuttaneously. Basic financial assets Basic financial assets, which Include trade and other receivables and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cosl using the effective interest method unless the arrangement conslilutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. ther financial assets Other financial assets are initially measured al fair value which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the income and expenditure account, excepl that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. Trade debtors, loans and other receivables that have fixed or delerminable payments that are not quoted in an active market are classrfied as "loans and receivables" Loans and receivables are measured at amortised cost using the effective interest method less any impairment. Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective inlerest method is a method of calculating the amortised cosl of a debt inslwment and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrumenl to the net rryIng amount on initial recognition. airment of financial assets Financial assets, other than Ihose held at fair value through income and expenditure, are assessed for indicators of impaiment at éach reporting ènd date. Financial assets are Impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial assel, the estimated future cash flows have been affected. If an assel is impaired, the impaimient loss is the drfference between the carrying amount and Ihe present value of the estimated cash flows discounted at the asset's original effective interest rate. The impaimient loss is recognised in the income and expenditure account. If there is a decrease in the impaimient loss arising frorn an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairnent not previously been recognised. The impairment reversal is recognised in the income and expendrture account. Dere nition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Charity transfers the financial asset and subslantially all of the risks and rewards of ownership to another entity, or if some signlficant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Page 15 continued..
Blrnilngham Crlsls Contre Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Financial instruments lassification of financial liabilities Financial liabilrties and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rale of interest. Debt instruments are subsequently carried at amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilrties if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method. Other financial liabilrties Derivatives, including Inte$1 rate Swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in the income and expenditure account in finance costs or finance income as appropriate unless hedge accounting is applied and the hedge is a cash flow hedge. Financial liabilities and equity instruments are classrfied according to the substance of the contractual arrangements entered into. erec noffin Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. Going concern The financial statements have been prepared on 8 going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The expected level of income and expenditure is sufficient with the level of reser4es for the Charty to be able to continue as a going concern. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Grants 32,866 18,482 65,475 52 368 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Sundry 33,886 Page 16 continued...
Blrnilnghani Crlsls Centre Notes to the Financial Statements - continued forthe Year Ended 31 Mar¢h 2024 INVESTMENT INCOME 31.3.24 31.3.23 Investment income Bank deposit and other interest 16,284 3.272 12,861 2,818 19,556 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31,3.23 Charges to residents Housing benefit Social inclusion Early Education Entitlement funding 31,104 319.060 367,336 35,377 353,953 399,644 735 216 808,733 RAISING FUNDS Investment management costg 31.3.24 31.3.23 Portfolio management 5,150 4,409 CHARITABLE ACTIVITIES COSTS Support Costs {$ee note 7) Direct Costs Total8 Operation of the centre 114586 872 655 SUPPORT COSTS Governance costs Management Finance Totals Operation ol the centre 88,429 162 114 586 Page 17 continued...
Blmiingham Crisis Centre Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 SUPPORT COSTS - Contlnued Support costs, included in the above, are as follows: 31.3.24 Operation of the centre 31.3.23 Total activities Wages Social security Pensions Bank charges Auditors, remuneration Professional fees 71,869 6,554 10,006 162 4,080 78,215 6,871 9,800 206 3,960 114586 114 599 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is slated after chargingl{crediting).' 31.3.24 31.3.23 Auditors, remuneration Depreciation - owned assets Operating lease rentals 4,080 27,607 3,960 29,192 16.996 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other bénefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses During the year the trustees claimed £0 in expenses {2023- £160). Indemnity insurance was purchased on behalf of the trustees durlng the year at a premium of £818 (2023 - £811). 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social sKurity costs Other pension costs 560,033 37,642 10,006 561,818 32,797 607 681 The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Chief executive Support and nursery staff Administralive and finance staff 28 26 33 32 Page 18 continued...
Birmingham Crisis Centre Notes to the Financial Statements - continued forthe Year Ended 31 March 2024 10. STAFF COSTS - contlnued No employees received emoluments in excess of £60,000. Key management personnel Th8 trustees consider that the Chief Executive is the key management personnel. During the year the Chief Executive received a gross salary of £30,721 <2023 - £30.072). The social security costs on this salary amounted lo £2,984 (2023 - £3,045). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted fund funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 19,381 32,987 52,368 Charitable activities Operation of the centre 788,974 19,759 808,733 Investment income Total 876 780 EXPENDITURE ON Raising fund$ 4,409 4,409 Charitable activities Operation of the centre 899 809 Total 749 378 904,218 Net gainsl(lossesl on investments 16031) 16,031) NET INCOMEI(EXPENDITURE) Transfers between fund8 58,625 64,913) (97,558) (4,536) (43,469> N•t movement In funds (6,288) (32,645} (4,536) (43,469) RECONCILIATION OF FUNDS Total funds brought forward 99,803 1,132,103 212,206 1,444,112 TOTAL FUNDS CARRIED FORWARD 1099,458 207,670 1400 643 Page 19 continued...
Blmiingham Crisis Contre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. TANGIBLE FIXED ASSETS Fi%Xures and fingS Long leasehold Motor vehicles Totals COST At 1 April 2023 and 31 March 2024 657.044 131.706 717 965 DEPRECIATION At 1 April 2023 Charge for year 61,385 13,773 67,639 7,991 15,095 5.843 144,119 27.607 At 31 March 2024 75.630 171726 NET BOOK VALUE At 31 March 2024 At 31 March 2023 495 659 64,067 573,846 13. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 April 2023 Additions Disposals Revaluations 511,984 64,570 139,953) At 31 March 2024 570 423 NET BOOK VALUE At 31 March 2024 570,423 At 31 March 2023 511984 The fair value of listed investments is determined by reference to the quoted price foi identical assets in an active market at the balance sheet date. The historical cost of the listed investments amounted to £495,536 (2023 - £465,51 s). 14. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors Prepayments 33,606 33,982 3,607 Page 20 continued...
Birniingham Crisis Centre Notes to the Financlal Statements - continued forthe Year Ended 31 March 2024 IS. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 7,062 3,S21 63 10.111 479 8,699 25,322 26,103 44,611 16. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 31.3.24 31.3.23 Within one year Between one and five years In more than five years 17,590 50,140 666 862 16,872 47,085 734 592 531 109 The charitable company signed a 99 year lease on its premises in February 2013. 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Designated fund lunds Restricted funds Fixed assets Investments Current assets Current liabilrties 28,559 49,179 45,208 26 103 321,634 521,244 234,615 196,046 546,239 670,423 286,981 573,846 511,984 359,424 7,158 1077 493 1377 540 1400 643 Page 21 continued...
Blrmlngham Crlsls Centre Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Activities and Wellbeing for All Wider Community Support reserve Major Repair and Maintenance reserve Resident5. Assistance reserve Moving Forward reserve Room Refurbishment reserve Nursery Operational reserve Ongoing Return to Happiness Reserve Fixed Assel resetwe - Property lease Fixed Asset reserve - Sundry assets 93,515 222,825 80,000 36,557 23,911 10,000 35,000 65,000 293,419 98,792 61,775 (58,447) 96.843 222,825 80,000 26,196 23,419 10,000 35,000 65,000 293,419 97.681 223.953 (9,361) (492) 151,472) 51,472 1,192,973 (11,662) (6,9751 1,174,336 Restrlcted funds Fixed Asset reserve - Retum to Happiness fund for nursery extension Moving Fopward fund Children's fund Equipment grant fund Covid-19 Support fund Summerhouse lund 197,219 1,931 (1,1731 1,532 16,9751 196,046 3,463 6,975 153 595 7,772 695 3,100 4,672) 203,204 TOTAL FUNDS 23,103) 1377,540 Page 22 continued...
8imiingham Crisis Centre Notes to the Flnancial Statem•nts - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General lund Major Repair and Maintenance reseNe Residents, Assistance reserve Nutsery Operational reseNe Fixed Asset reseDie - Property lease Fixed Asset reserve - Sundry assets 770,556 (742,602) 19,361) 1492) {S1,472) 33,822 61,775 {9,3611 14921 (61,4721 110011 770,55S (816,039 33,822 (11,6621 Restrlcted funds Fixed Asset reserve - Retum to Happiness fund for nursery extension Moving Forward fund Children's fund Early Education Entitlement fund Equipment grant fund Summerhouse fund <1,173) (31,077) (6,975) (17,716) 1153 {1,1731 1,532 (6,975} 32,609 17,716 1153} 61766) TOTAL FUNDS 820 880 877,805) 33,822 23 103) Page 23 continued...
Blmilngham Crlsls Centre Notes to the Financial Statements- continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued Comparatives for movement In funds Net movement in funds Transfers beeen funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Activities and Wellbeing for All Wider Community Support reserve Major Repair and Maintenance reserve Residents, Assistance reserve Moving Forward reserve Room Refurbishment reserve Nursery Operational reserve Ongoing Return to Happiness ReseNe Fixed Asset resenie - Property lease Fixed Asset reseprfe - Sundry assets 99,804 222,825 80,000 55,000 25,000 10,000 35,000 65,000 293,419 99,903 58.624 (64,913> 93,515 222,825 80,000 35,557 23,911 10,000 35.000 65,000 293,419 98,792 (19.443) (1,089> (3,162) (61.751) 3,162 61,751 1.231,906 (38.933) 1,192,973 Restrict fund8 Fixed Asset resetve - Relum to Happiness fund for nursery extension Moving Forward fund Equipment grant fund Covid-19 Support fund Summerhouse fund 201,590 (4,371) 1,931 (166> (258> 197,219 1,931 153 595 319 853 212 206 207 670 TOTAL FUNDS 1444112 43,469) 1400 643 Page 24 continued..
Blmiingham Crlsls Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General lund Major Repair and Maintenance reser4e Residents, Assistance reserve Room Ri:furbishment reserve Nursery Operatiorial reserve Fixed Asset reserve - Property lease Fixed Asset reserve - Sundry assets 824.034 (749,379) (19,443) (1,089) (3,162) (61.751) (16,031) 58,624 {19.443) (1,089) {3,162} (61,751) 11001) 11 001) 824,034 (846,936) (16,031) (38,933) Restrictod funds Fixed Assel reserve - Retum to Happiness fund for nursery extension Moving Forward fund Children's fund Early Education Entitlement fund Equipment grant fund Covid-19 Support fund Summerhouse fund (4,371) 130.356) (701) (19,758) (166) (258) (4,371) 1,931 32,287 701 19,758 (166) 1258) 57 282) TOTAL FUNDS 876,780 16.031) 904 218) 43 469) Purpose of restrlcted and designated funds The following are explanations for the restricted and designated reserve funds held at the balance sheet date.. Tha Actlvities and Wellbelng for All reserve has been designated for projects which enhance both the activities and facilities available and the wellbeing of our residents, including creating or enhancing the play areas for children. The current projects are at an earty slage and are expected to run through the next financial year, emerging plans include replacing the temporary portacabin in the grounds with a permanent building. Additionally a review is underway of all our ener9y and heating infrastructure to ensu it is effective to provide the most up to date and cost effective safe and comfortable accommodation for the residents, particularly with the increasing climate variations that we are now dealing with. The Wlder Community Support reserve is funds put aside to support plans to seek opportunrties to bring expertise and support to help anybody who maybe experiencing domestic abuse in the wider community. The Major Ropalr and Maintenanco reserve is to meet planned future expendrture on the maintenance and up keep of the Bimingham Crisis Centre to ensure it is of a high standard for its residents. The programme of works is reviewed each year. Where major items are capitalised then the amount is transferred to the Fixed Asset reserve -sundry assets. The Fixed Assets reserve Return to Happiness fund included within restricted funds has been used to build an extension to the charity's nursery facilty in order to comply wrth legislative requirements, and is being released against the depreciation of these assets. Page 25 continued...
Blrmlngham Crlsis Centre Notes to the Financial Statements - contlnued for the Yèar Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued Purpose of restricted and designated funds - continued The Resldents, Assistance reserv? is used to meet the costs of providing assistance to Iho8e residents without entillemenl to benefits or other sources of income. The Moving Forward reserve is to provide assistance to residents to move fofward once they have been re-housed, the trustees have decided, given the current cost of living pressures, lo keep this topped up by allocating further unrestricted funds for this purpose. The Room Refurbishment r•s•rv• is monies received or set aside towards the trusteés rolling refurbishment program to ensure that the accommodation is always of an acceptable standard for our residents comfort. The Nursery Operatlonal reserve represents funds put aside to ensure the nursery operations are maintained at a high standard to adequately support the children while they are residents, despite the fact that specific nursery grants received do not cover the full cost of this. This is reviewed annually and topped up if no immediate funding is anticipated at the time of that review. The Ongoing Return to Happlness reserve the trustees have recognised that the level of uncertainties existing in the world and environment in which the centre operates continue lo increase, and along with the increased impact of fast technological changes this introduces increased uncertainty and challenges for organisations. including the centre. As a result the Ongoing Return to Happiness reserve was created a few years ago to enable the centre lo continue to avoid any interruption or disruption to rts normal high standard of care, and to provide continued support to its residents, ensuring their continued wellbeing and that opportunities for them to rebuild their lives are available during times of uncertainly or increased challenge. This will be used in the event of interruption or disruption in both the centre's sources of income and increased running costs of the centre required to meet the high standards of safeguarding, health & safety and other requirements including future essential projects. This fund will be reviewed on a regular basis for appropriateness and adequacy. The Flxed Asset reserve - Property lease represent$ the amount paid for the 99 year lease on the premises from which the Charty operates, and is being released against the deprecation of the asset. The Fixed Asset - Sundry reserve has been set up to move the amounts from other reserves which have been spent on capital assets. This reserrfe will be released against the deprèciation on these assets over their useful life. The Childrens, fund represents money and grants specifically donated for the running of the nursery and the Costs of activities and outings for the children. The Summorhouse fund represents grants received for the building of the summerhouse and will be released against the depreciation on this asset and the building works. 19. RELATED PARTY DISCLOSURES There were no relaled party transactions for the year ended 31 March 2024. Page 26 continued...