Do(aJsign Envelope ID: 0163009>F93￿84e-ASSc4E9DBE3074ol Company ￿gIstratiOn number.. 02350533 Charity rebristration nurnber.. 701132 Link-Ability (A company limited by guw¢e¢) Annual Report and Financial Sthiem¢nts for the Year Ended 31 March 2024 •ADE*)￿)4￿ 1811012024 COMPANIES HOUSE A23 #47 Docustgn Envelop& ID: 01630D9>F938484&A55C4E9D8E307401 Link-AbAlity Contents Refer¢nc¢ and Administrative Details Strat¢gi¢ Report 2to6 Tn¥tees' Rcport 7tolO Tndependent Audilors. Report Staten)eml of Financial Activitie5 14 Balance Sheel 15 Stat¢ment of Cash Flows 16 Notes to the Financial Statrmenls 17to33 Docuslw Envelopè ID: D1630DW93N84WSC4E9D8E307401 Link-Ability Reference and Administrative Details Trustees Mr Philip Entivis(le . Chair Mrs Christine Chu Mr John Holland, (resigned 19 January 2024) Mrs Kathryn Pattinson - Finance Chair Mrs Alison Tuplins Ms Claire Margerison, (appointed 5 September 2023) Mr P¢tcr Sullivan, (appointed 5 September 2023) Mrs C Cochr￿¢ S*tretsry Chlef Exe¢utlv¢ Offl¢¢r Mrs J Adshead Charlty R¢gl$¢rodon Number 701132 com￿nY R¢gi5tration Nurnber 02350533 The charity is incorporated in En8lind and Wales. Conway Hous¢ A¢khurst Buslness Pirk Foxhole Ro Chorley Lancoshire PR7 INY Regbtrr¢d Offl¢e Audlior Smith & Gouldin8 Limittd 2 Southpon Road Chorley Lanc8shire PR7 ILB Sollclton: BrAbners LLP Horton House Exchan8c Flags Liverpool ,L2 3YL Bgnkt Bar¢lay5 Bank pl I Churchill Pl￿¢ London E14 5HP Invertmtht M•n48e RBC Br¢win Dolphin l The Av¢nue Spinningfields Squar Hardman Stre¢t Manchester M3 3AP Pag¢ I DOCU8￿Th Envelope ID.. D1830D9&F93&484&A5SC4E90BE307401 Link-Ability Strategie Report for the Year Ended 31 Mareb 2024 Th¢ tru5tces. WI￿ are dir¢¢lors for the purposes of company law. preseni their strate8ic Teport for the ycar cnd 31 March 2024. In Complian￿ With s414C of the Companies 2006. A¢hlev¢m¢nfs #nd perforni•ftce Staff recruitment in the year c￿ed having fouDd that we h&v¢ greater volumes of applications and offered more work to staff from overseas. We have however after careful considerntion stopped ghort of offering sponsorship for overseu candid•1¢5. Duc to the hi8h¢r volume of staff bein8 recruited we began to us¢ ihe 'Due Diligence Checking, Se￿1¢¢. Thi5 Cxtemal 5eTvice provides pr¢4mployrn¢nt SCTeeninB. reference requests. DBS and right to work check%. This ensured that our full-time recruiter was able to devote more resource to interviewing and induclin8 ne4v re¢rnil& W¢ ¢onlinued lo offer progression into more responsible roles for those ¢apable staff who wished to progress. Although staffing numbers h8ve incre&sed in the yeHr safe st•ffin8 levels were maintained throughout the y¢ar with the continued use of some external a8en¢y workers. Sthff training conlsnu¢d in person ft)r in house safeguarding and fir51 lid. New onlin¢ p1arf0￿ 'My L¢aTning Cloud, had prov¢d extremely cfficient and ¢ff¢Gtive. Training profile5 are produ¢d so the n¢¢ds of the people we support 8r¢ m¢1. R¢wJrts Jre easily accc55¢d by th¢ ¢loud-b•s¢d system enabling complian¢e with regulatory requirements. Our policies are also available on this platforni which enables staff tt) explore these ve they complete the relevant learnin8. Stsff may acGe5s ih¢ Sythm from wherever they aT¢ b4sed. An additional paid bank holiday eryoyed by all of our stsff for KinR Chgrlcs's coronation in Miy 2023. W¢ were saddened in the year as two serving members of staff sadly p8ss¢d away. The people supported by th¢ staff hove been supported to come lo tcrnis with their loss as hAve the staff had worked with them closely as colleagues. We were touched ¢0 be involvcd with one fvner￿ 4$ sorne of our tearn who wer¢ clo¥¢ fri¢nds to the deceased w¢r¢ pallbear¢rs during th¢ requi¢m Mass. Trustee board meetifty and sub board me￿ingS continued. Most full bo8rd rneetin8S taking place in person with hybrid facility for those who prefer this. Sub boards have continued mainly on Teams. Thtsc medings proving invaluable to the strategic direction •nd smooth njnning of the OTganisation. The Board and managemenl tram met for a strateAy and planning day in May 2023. Members of the new Preston team We￿ 8ble to rnc¢l infomially with tn15t¢C5 ovcr lunth At Chorley Golf Club, The annual Beneral meeting took pla¢¢ on 5th September at Conway House. The meelin8 was fa¢ilitsted in a hybrid ¥onfiguration to enable those unable to travel from our branch localions to aiiend. Provider meaings with LCC #nd RBC rontinu¢d ¢0 tpk¢ place. ThruUgl￿Ul th¢ year the Executive Dir¢¢tor ¢onliou¢d to work alortBside other office bearers of th¢ Lancashire Learning Disability Consortium. Member organisations worked together to shaT¢ exp¢rienc¢s and good practiC¢' ond provid¢ mutual support in matters arising. Tn addition. she continued w tske p3rf in the Norfhwcst Commi55ioncr5 and Chi¢f Ex¢¢utivc Core group facilitated by Skills for CaT¢. Our re8iSt¢red managers and operntions managers joined the JAnC￿h1rC LeArning Disability Registered Manager Nctwork. Thry attend groups as champions for sex and relalionships, sef¢guRrding. inf¢¢tion Control and positiv¢ behaviour maDag¢m¢nt. Our Assistant Dire¢tors attended Ihe Lanca5hire L¢arning Disability Forum and th¢ Oliv¢r McGowdn Operational Delivery Group• the Ro¢hdale ixarnin8 Disability Partnership Boar4 Health Inequalities Group. L4n¢ashire Cwe Home Foruffl. Pa8e 2 Dotusign Envefope ID." 01630D￿F93PA84￿A￿Sc4E9OBE3o74Ol Link-Ability Strgtegic Report for the Year Ended 31 March 2024 Our teftants group meetings 'Linked Voices. were reimagined and in the year were facilitated by an external drama thcrdPiSt Susic. Wc included inforniationleducational topics such as 'StsyinB Safe. World Issues, and Helping Others.. Importantly the opportunity to express views about the quttlity of seNice provided. The use of th¢ red buuer for things that Ore Th)t working and golden buuer for things that are working aloiig with sound effc¢t5 provcd cxtrcmely popular. More irnportanily the practical solutions to PToblerns were ¢xplorcd and then put fonyard to the management and board of Link-Ability in th¢ fonn of I report. Diry choir. arL g8rdenin& music ond many social activity groups were enjoyed by those we support in the year. Sadly, in the year two people we support in the Rochdale lo¢ition and onc in the West Lancashir¢ 10¢8lion Pa55¢d away. The people wc support and their teams and f4mili¢s will continu¢ to be offered sUPPOrt to comc to tern)s with thL5e losses. The F•mily F0￿M rontinu¢d to m¢rt in linc with th¢ origins of the Charity a$ a fllmily led or8ani3otion. Amon8St the topics covered during the year were.. Th¢ Money Carer projecL staff Tecn)itmen¢ who's who At Link-Ability, findiny from the staff survey, findings from Linked Voi¢¢s sessions ar)d local authority care chary¢s. Th¢se s¢55ions proved invaluable to maintsinin8 ¢x¢¢ll¢nt ¢ommuniGJ(ion with families throu8hout the year. L4n¢ashire County Council Mntinued to m¢)nitor our Supported Livin8 services against the c¥)ntra¢¢ ¢riwia ana have b¢en happy with our perfornwice. The 12-month review focused on Chorlcy ser4i¢es this yeaT. Homes of the people support wcr¢ visiled by thc officers of the cowicil and dats reviewed. Only minirnAI actions have been record¢d. Rochdal¢ Borough Council monirored the contracts for supported living, hom¢¢are Fjbd outrurh against a new sel of criteria. oificers of th¢ wuncil attend a Link-Ability music session from which we rectived extremely positive feedback. Link-Ability is worf(in8 in parlncr5hip with Rochdale Borough Council w make amendments to the monitoring $ys¢¢m. Our PaTtnership with Th¢ Money Carcr Foundation has Lx)ntinued and at t])e end of the year in review the majority of bank ac¢ounts in th¢ Chorley location ore now #drninistered iti partttership with them and Cash Plus Bank. People we support have enjoy¢d yeatcr independence with the use of their debit caTd5 for their shopping includin8 online. M￿a8¢￿5 at Link-Ability ar¢ &ble to monitor the accounts in reAI tim¢ and family advo¢al¢s remain involved ￿ thèy wish. CQC announced their new inspeclion framcwork in 2023. Although tbe fundamcnlal slandards rtrnain unch4n8¢d a new way of inspecting h&$ been launched in the year. Re8kStered mana8er, senior managers and the operations team working hard io leArn whAI is expected from the new systrm. l)urinR the year. no Link- Ability location$ were inspected. Our n¢w partncrship with Onward Hornes meant that the fjrst of 4 newly refuTbi5hed bungalows became home to Iwo women in the RochdJl¢ location in March 2024. A new staff ¢¢am been recruited to support the women and refen81s hav¢ been rec¢•ved for th¢ remaining 2 bungalows. A se1¢￿10n pm¢ess is on8oin8 with levels of need and ¢ompatibility being asscss¢d in partnership wilh Rochdale Bornugh CourKil. Page 3 Docu8lgn Envelope I￿. D1630DO>F93&484MSSC4EK)BE307401 Link-Ability Strategic Report for tbe Year Ended 31 March 2024 Pl￿)S for the replacement of the original Link-Ability housc have progressed well durins the year. The new property has now been acquired by Prows Housing. Work to convert this small bun low into a bespoke home for 4 people with a very high l¢vel of need has comm¢nced. It is anticipated that the work will bc cknmplcted in time for people to tske up their tenancy in Augusl 2024. Conversety meetings to establish the proc¢55 of honding back thc old property trjok place in January with housing provider Jigsaw Hornes. Jigsaw Hornes have kindty agr¢ed to allow the *nanls to remain in the propety as long p5 in needed in line with the ¢ompleuon of the works. Jigsaw Homes have offered the prop¢rty to other social cère provid¢TS u Link-Ability do not plan to retain it. In February 2024 Link-Abilty passed the 35 years since inwrporntion milestone. The day p4ssed off quietly however a larger celebration 15 planned for June 2024 at Rivington Barn where we are anticipating being en*rtained by dram&lmu$ic groups for all four IocAtions. FlhAnciRI revlew The Board of Tn￿le¢S have acted with prudence and care in ¢h8llen8in8 times ftnd TisinR employee ossociated ¢05t5. Total in¢ome on unrestricted fvnds during the year ended 31 March 2024 was £6,443,222 (2023: £6.160,577). Th¢ total unrestricted fimds applied L8 exp¢nditure for rharitable purposes were £h6.377,858 (2023: £5,634,948), resultin8 in a surplus on 8ener&l funds for the year of £65,364 (2023.. £525,629). Gains on invesknents uf £25,484 (2023: Lossts £22,727) resulted in • nel mDvem¢nt •fter investrnents of £90,848 (2023,. £502.992). Link-Abillty m•intsins a di8cvction4ry lon8 scrvicc wward sth¢m¢. Employees qualify for small discretionary awards followins 5, 10, 15. 20, 25and 30 yeAf5 continu¢d service. During the ye•r ended 31 March 2024 Link-Ability received inwme on rstricted funds of £2.656 (2023.. £53,235), with restric1￿ expendiwre of £22.848 <2023: £22.471). Th¢ balance on restricted fijndy as at 31 March 2024 wa5 £42.240 (2023.. £62.4321 Pollcy oft reserves This r¢scrve is unrestricted and c•n bc uKd for any purpos¢ within the Charity's obje¢tive5. The Truslees aim for Link-Ability lo I￿ld sU￿1¢icnt res¢N¢s, in order to maintain continuity and consistency to service uKr5 and employees in the event of a gap in funding¥ or the loss of a service provision contract. Thi5 includes the redU￿10Th in income du¢ to voids (unoccupied pla¢es in homes). If a service u5tr moves on or sadly passes Away, the Charity wishes lo ollow ampl¢ time for people to adjust io this ¢h4n8e, and for servic¢ users lo b¢ properly consujted about new people moving into Link-Ability's support. The availability of reseryes for thi5 purpose bridge5 what may be substsntially long periods of loss of feeslrents. The general rvjerves held on 31 March 2024 represent approximately 1.4 months, worth of charitable cxpendilure bos¢d on ¢un¢nl O¢tivity levels. JnvestmenlpOti￿ and otyecdves The investment policy of the Trustees 1$ lo inv¢5t and yow a¢ l¢•st in lin¢ with inflation, to assisl with the 5ustsinability of the organisation. The investmeni portfolio is managed by Brewin Dolphin. in • balan￿d porrfolio, whsch IEkes account of social, environmental ethical considerations with the *bility to move inv¢stments if an ethical dcbaie 4rises, The Trustees review the investmeni perfomance and the investment objective on an b￿1$. Givcn th¢ ch8llengin8 investment conditions over the past year, thr Inveslm¢nt Managers have perfornied gs well as cAn bc expeGied. The Tnstees continue to monitor the Énvestu*nt perfomiance on a quarterly basis. Pag¢ 4 Lk)¢wign Envelope ID.. D1630D9w8384￿￿sc4EsDBE3D74ol Link-Ability Strategie Report for the Year Ended 31 March 2024 Plans for future periods Aini t7nd key objeclivesJorf4lurepffiods Continue to recruit in the Rochdale location, in anticipation of th¢ Completion of the s¢lection$ of new tenants for thc two remainit)g bungalows. Continue lo work with Pro8ress Housin& the contractor and hcalih and sociAI care professionals iowards the UTr¢nt occupants of Mavis Dryvc tskin8 up their t¢n•nci¢5 in th¢ir n¢w purp05pbuilt Iwe. We aim ￿ fvrther digitise our processes ts) stre&mlin¢ our financial and administrative work in partn¢Yship with softwAre companies Énd pmfessional advisors. We lim lo develop a new web$it¢. associA*d social m¢dia and promolional material to enhance our reputhtion amongst the communities we serve and those we wish to support, employ and volunlccr for us. We lim io complete out work in transferring pebple we have supported with their b8nking and finances.. onto a new di8itol pl￿forM with the Money Carcr Found8lion ¢harity. sftfely usin8 C8rer CRTds instead of cheques and Wc wish to r¢Gruit new trustees to ensure the futtwe smooth runnin8 of the organisation. W¢ aim 10 Set up 8 m¢ntoiing pro8r•mm¢ for Stsff at all l¢v¢l$. We aim 10 revi¢w ow office spaces to enable best practice and 5UStain the Wnt1Tw￿ groNV(h of thc QT8anisalion into the future. We aim to provide exceptional Corc to those wc support by inrffjvfttion and ¢rcativity in all that w¢ do. P4e5 Docu81gn Envelope ID.. D1630D9&F93W4&A55G4E90BE307401 Link-Ability Slrategic Report for the Year Ended 31 March 2024 Principal rl$ks #nd uncertainlles Reviewing major risk Link-Ability has and rnaintains 4 risk framework that is r¢view¢d at I￿1 annually. Overview 5crn(iny are undertaken by the full Board of Tntste¢s, senior management and other stsk¢holders, as appropriate. For example. ¢n5urin8 Staff ￿ntinuity in the event of a pandemic. extreme adveTse weather conditions or IT failure and cyber-atta¢k. The review of the risks, to the continuity of th¢ business of the charity in connection with a panderni¢ have proved invaluablc in th¢ planning towords managin8 major futUTe risks. Tht Charity maintains compTehensive insurance to cover a Tange of pol¢nti81 risks, including Tnjstee and Officers PTofessional indcmnity. employct and public liability. Exc¢lleni &dviee corncs from our broker DE Ford, Scctor pressures from a funding perspective continue to Prcsent enorni0￿4 challenge to provider5 such •s Link-Ability. Recrnitment to the carc scclor conlinues lo be ch8llenginR. not helped by its l&¢k of POSi¢ive publ1¢ image. Many Link-Ability StAff are pjid more than the R¢al Living Wage, and all are aware that there is 8tt&inable progre55ion beyond the entry level for 811 role5. We contitiuc to V8lue our wOrkftir￿. u we klievc it to be our greatest assct supporting the aims of the chwity. We are committed lo the pursuance of proper remuneradon of the workforcc in recognition of th¢ value of the work perfornied, ond conlinue to lobby those with the power to affect changes to thi5. At the ¢nd of the period in review Link-Ability. Rochdal¢. Wesl Lancthire md Pr¢slon are all fvlly stsffed. The staff vacancies at th¢ Chorl¢y lo¢ation hllve red￿¥d significantly. A$ has been consistentty r¢port¢d each y¢Ar. 8iven the n4turc of th¢ volatile mark¢i Link-Ability operntes in, there is an ev¢r-prc5cnt ri3k of the suddcn loss of fees, sadly due to the dellth of som¢on¢ it 8UPPOrt$. To rn8na8C the risk, Link-Abiliry continues to carry a void r¢serve, that for 8 short period can Mm¢liornle th¢ risk, As meniioned in p&si reports this gives time to review 51affing nccd and look at redeplo￿¢￿¢. The str4te8ic report w8s approved by the (TUSt¢es of the charity on 10 September 2024 ond signed on its behalf by.. Mr Philip Entwisil¢ - Chair Trustee Page 6 DO¢￿19n Envelope ID: O1630Dg>F&38484&hSSC4E9D￿30740l Link-Ability Trustees, Report The Irustees, who are directors for the PUTPOSCS of company law, preseni the annual report tog¢th¢r with the rinancio15tstements audiiors, report of Ihe charitable ¢omp•fty foT the yeoT ended 31 M4rch 2024. Objettlves and attfvltles Objects anduln Link-Ability's broad objective is to provide servtces to adults (including young people in transition from children's Servic￿), who hAVe leaming disabilitics, so as to cnable them to live in aftd be part of the local community. The objects of the Charity are also underpinned with a nuTnber of core value4 such as all people supported have a ri8h¢ to live a life of their own choosing, in their own nei8hbourhood. This means the human rights and opportunity lo cilizenship irrespective ofability is upheld. The communities in which Link-Ability presently provides services are Chorley I South Ribbl¢, orn￿kIrk, Tarlcton and Skelrncrsdale (Lancashirc County Council), and Rochdale, HeY1￿0d and Middleton (Rochdale Borou8h Council) and from May 2022 the Preston ar¢L Pwpl¢ u5jll8 Link-Ability's ure and support s¢Ni¢¢s may also ¢xp¢ricn¢e physi¢al and 5¢nsory impaimien¢ they may also have posilive behaviourai support .needs and l or expery¢nrx ¢ndurin8 mental health n¢cd5. Link-Ability currently dischvges this objeciive through the re8ulated provision of Re8lStered Care or Registered Domiciliory Care and support lo 8du1¢5 or youngeT people wilhin th¢ provisions of The H¢8lth and Social CAre Act 2008. The ind¢p¢ndeni r¢8ulatory body responsible for in8pe¢tion of our services is The Care QuAIiry C¢mmission. For th¢ y¢ar in vcviny thc Cut Quality C¢)mmisslon undertook no inspections of our Serviccs. All cuTh¢nt CQC reports arc on both the CQC website https'.Ilwww.cqc.ors.ukJprovid¢rll-101612259 and Link-Ability's w¢bstt¢. www.linkability.org.uk CQC has infornied the Charity that due to the ongotng Coronavirn5 Situation the normal inspcciion processes are sv4e¢ely delayed. CQC h&s exarnined the data thaf it holds on Link-Ability and have found no evidence which would necessitate the priorilising of inspection for any of the four loGati¢)ns. Publlc benefit Th¢ Trnst¢¢s ar¢ ¢onfid¢n¢ th*1 th¢ o¢t1vili￿ d¢t4il¢d b¢low $alisfy the r¢quirem¢nt of the Charity to $how that it meets thc public benefit requircments in accordance with the duty in section 14(2) of the 2016 Charilies Ac(. The IT￿le¢S have paid due re8ard to guidance issued by the Charity Commission in decidin8 what activities the Charity should undertake. The trustees ¢onfimi that thry have complied with the requirements of section 17 of the Chariii¢s Acl 201 I, to have due regard to the public bcnefii guidaftc¢ published by the Charity Commission for Evbgland and Walcs. Golmg eon¢¢rn The trustees consid¢r that ther¢ ar¢ no mat¢riaJ un¢¢rtainli¢s about th¢ ¢harilabl¢ Mmpany's ability to continu¢ 45 a going wnrern TThslets and offlcers MrPhil EntWi5tl¢ remains as Chairwsoo with Mrs Chris¢in¢ Chu Is Vi¢e Ch4irp¢rson, We were pleLsed to welwmc MTS Claire Msr8erison Mr PetCT SullivAn to join the Board durin8 the year. Link-Ability 15 eXtrrni¢ly grnt¢fvl to Mr John Holland wtho retired dwing th¢ yw for his Service to the Charity Pa8e 7 Do(wlgn Envelope ID.. D1630DS&F938484W5C4E808E307401 Link-Ability Tru$teu' Report The trustees and officers setving during the year and since the yw end were as ftillows.. Tn￿tees. Mr Philip Entwistle - Chair Mrs Christine Chu Mr Jtshn Holland. (resigned 19 January 2024) Mrs Kathryn Pattinson - Finance Chair Mrs Aliwn Tupling Ms Claire Marscrison, (4)pointed 5 September 2023) Mr P¢ier Sullivan, (appointed 5 Seplember 2023) Chief Executive Officer: Mrs J Adshead S¢¢retary: Mrs C Co¢hrane Siructure• governance ond monJiem¢nt Jvafvre olgovernin8 do¢Mmenl The organisation is a chorithble company limited by guarantee. incorporated on 21 February 1989 and registered as a charity on 2 Mar¢h 1989. The Memorandum and Articles of AssOCi8tion 8ovem the actlvities of the Charity, th¢s¢ were Amended, and a Tesolution pa55ed in September 2018 to cnable the am¢ndm¢nlS. In addition. two supporting documents weie developed, these being. a 'person sp¥cific4lion for the appointm¢nl of tNstees 3nd 'rul&s relatin8 to the 8dmission of beneficiary members,. The Board apply Charity Governance Code and Ihc sev¢n prineiples of organisgtion purpose, leadership, inLe8rity, decision makin8 aiid risk Gontrol, eff¢¢tivcne55, diversity and openncs5 and accountability lo the runnin8 of Ihc Charity. Recruilmenl and appolfttmenl oflru.Ttees Tru51ce/Dire¢for'$ are sought whose thills build on the skill base of the exi5tin8 Board of Tru51ccs which Irc outlined in th¢ P¢r50n Specificvjtion for the appointment of trustees, document. Wher¢ possible Link-Ability Seeks to appoint Trusteu living in eommunilies in which it provides care and support 5¢rvi¢¢s, personal lived experi¢n¢c of the need5 of benefjciaries andlor ski115 r¥quired by the Board. Under nornial circurnst&nccs trustees musl not receive any monie5 or material ben¢fil from the ¢harity. Trulees may only be remunerated, ernployed or provide goods or servic¢5 to the charity in the most exceptional of CiTcumsl&nG¢s as outlined ill delail in the 8ovemAn8 document. Link-Ability is perniitted howcver to refvnd le8ltimatc Trn5tee expenses. During the ycar Trustees have noi claimed any exp¢nses. There is a proG¢s5 of application for new Trnstees thai ineludes (aking references, undertaking background checks such as Disclosure and Baring Service (DBS) rheck and attendin8lobserving a number of Board andlor Sub Board meetings. The applicant rcceives all the relevant inforniatton regarding the organisation. Trustee Job D¢s¢ription, Guidance on Trustee Responsibilities and Trustee National. Oc¢up*lional Standards. This 1$ fvrther supported with verbal information from The Execulivc Director andlor Chair of frusteeslan experienced Trwt¢e. Once the pr05peGlive Trustee has attended 8 series of meetings the Chair discusses the applicant's suitability with other Trust¢cs and will meet wilh th¢ prospe¢tive Trustee prior to their 8pFK>intment at the next Board meeting. The appointrnent is confirmed formally It the rte￿ AGM. P#g¢ 8 (hjcuslgn Envelope ID: 01630D9&F93&484&A55C4E9D8EXb7401 Link-Ability Trusteesl Report Inductlom andirnlnln8 o/truslees The induction and training of Trnstees conlinu¢s with the provision of An induction Pack compri8in8 previous minutes. the latest audited financial report. organisational strnctures and plans, dates of meetin8s and a rJ)py of the Memorandum and Articles of A&40ciation. FIDHnclAI instruments Objetlives andpollcles The chariry's activities expose it to a number of financial risks ineluding credit risl cash flow risk and liquidity risk. Th¢ use of financial derivalives is 8ovcrncd by the ¢h8riry'S poli¢ie$ opproved by the board of truslees, which provide wrinen prin¢iples on the use of financial derivatives lo monage these risks. The charity do￿ not us¢ d¢rivativ¢ financial instruments for speculative purpose5. Credli rtsk The ch￿ity'S principDI financial assets are bank balances and cash. Irade and other receivables. investmen15. The charity's credit risk is primarily attributable to its trad¢ receivables. The amounts Presented in the balance Sheet are nel of allow￿ for doubtfi]I receivables. An allowance for impainnent is mode where there is an fftdenlified loss ¢v¢nt Mthi¢h, bas¢d on pr¢vious experienc4 is evidence of a redu¢tiott in th¢ r¢cov¢r4bility of the h flo￿. The credit risk on liquid fimds and d¢rivativ¢ fin•n¢ial instnun¢nts 1$ limited b¢uuse the countery)arties are banks with high Grait-rntings &ssi8ned by international credit-rating agencies. The ¢hariry has no significant con¢entration of ¢redit risK with exposule 5prcad over a lar8¢ number of unlerparties and cu5tomer5. Llquldlty rtsk In ordcr to'maintain liquidity to cnsurc sufficicnt funds are available for ongoing op¢ratioTrs and future developments, the ¢harity uses 8 mixture of lon8-I¢Tm and short-temi debt finance. Further details rc8ardin8 liquidity fi$k can bo found ID the Sts*rnenl of attounliiiB policies in the financial statements. Slgtement of tru$tees' rejpgnsibiliti The Irusiees (who arc also thc directors of Link-Ability for th¢ purpos¢s of ¢ompJny law) are responsible for pr¢parin8 the trust¢¢s' r¢port and th¢ finan¢iai stat¢ments in accordance wtth applicable law and Unilcd Kingdom Accounting Standards (Uniicd Kingdom Gcncrnlly Accepted Accountin8 Pr•otice), in¢ludin8 FRS 102 'The Financial Reporting Standard applicable in the UK 8nd Republic of Ireland" Comp•ny IAW requires the truslecs to prepare fin￿Cial st4tem¢nts for ¢￿h financial yC4T. Under o)mpany llw the t￿￿teeS mu51 not approve the financial slatemtnts unless they are satisfied that they give & trne and fair view of the SJi¢ of affairs of th¢ charitable ¢ompany and of the incoming resources and appli￿tion of resources. including its inwme and expendi￿r4 of the charitable cornpany for that pcriod. In preparing these financial Statements, the trustees are rcquircd to: selecl suilable &C￿￿￿tIng policies and •pply them consistently. observe the methods and principles in the Charitie5 SORP: mak¢ judg¢m¢nts and ¢5timat¢s that ar¢ r¢asonable and prud¢nl state whether applicable a¢L￿unting sthndards. Gomprising FRS 102 have b¢cn follovKd, subj¢vcr thc other infomi&tion and, except to the extrnl otheNise explicitly ststed in our report. we do not cxpres5 any forni of assurance conclusion thereon. In conneclion wilh our audit of the financial statements. our responsibility is to Tead ihe other inforniation and. in doing so, consider whether the other infomiation is mAterially in¢onsisl¢ni with th¢ fin￿¢1•] statements or our knowl¢d8c obtsined in the audit or othernvise appeats to be materially mi$stst¢d. If we identify such material inconsi5ten¢ic5 or apparent matrrial misstatements, wg are required ￿ detemiine whether there is a materlal misstslement in the financial statements or a moteriil misstat¢m¢nt of th¢ oth¢r infom*ion. If, bgs¢d on the work we have perfomied, we conclude that th¢r¢ is a a￿1¢[141 misMat¢m¢nt of this olheT infornjation, ￿ ar¢ required to report that f*ct. W¢ have nothing Io report in this regard. Pagell Docus*Jn Envelope ID.. D1630D9>F93&4848-fv55C4E9DB&307401 Link-Ablllty Independent Auditor's Report to the Members of Link-Ability Oplnlon on otbtr matter prescribed by the CompaDies Ac12006 In ow opinion, based on the ThDrk undertaken in the course of the audit.. the inforn)ation given in the Strategic Report and Trust¢¢s' Report for the financial year for which the financial statements Bre prepared is consistent with th¢ financial staternents: and the Strategic Report and Trt￿tees, Report have been prepared in acc4)rdance with applicabl¢ Ic8al requirements. Matten on wbich we are required to r¢port by exceptlon Tn the light of our knowledg¢ and understsnding of the charity and its environment obtained in th¢ CQUT5e of the udiL we hav¢ not identified m4tcriBI mi55tatements in the Strategic Report and the Truslees, Report. We have nothing to report in respo¢t of the following matters wthere the Companies Act 2006 requir￿ us lo reporl to you if, in ow opinion: adequlte accounting rewrds hav¢ not b￿n k¢pt. or returns adequate for our audit hav¢ not been Teceived fTom branches not Vlslted by us. or the fiftancial st•lements arc not in agrcemcnt with th¢ ar￿U￿ting r¢¢ords and r¢turn$; or certain disclosures of trustees remunerntion speGifJcd by law ar¢ twt m4d¢' or wc havc not received the info￿a￿On and ¢xplanaliDns we require for our audit. Re4ponsibllllles of trustee8 As cxplained more fully in the Statement of ¢rusle¢s' responsibililies (sei out on pa8e 9 and 10), lh¢ trutttes are r¢5ponsibl¢ for the preparniion of the finAn¢i•l st&tements and for being Satisfied thai they give a true and fair view. Ind for such internal control as the trustees deterniine is necessary lo en•bl¢ the P￿pAr4110n of fin•nciai sthtemenis that awe free from material misst&lement, whether due to fraud or error. In prcparing th¢ financial stslements, the trustees are responsible for ￿eSsing the chArity's ability to Continue as • going wnc¢rn. disclosin& &s applicable, matters related to 80ing concern and using the going concern basis of accounlin8 unless the trnstecs either inlend to liquidale the ¢harity or to ¢¢as¢ op¢rations, or hav¢ no r¢lllistic Item8¢ive but ty do ￿. Audltor re4)on￿bIlItleS for ihe audit of the financl*l $14¢ements Our objxtivts 4r¢ to obtsin reasonable as$urAnce about whether th¢ finan¢iwl 5tst¢m¢n15 u a whole are free from maierlal misstatement, whcther duc to fraud or error. and to i$$ue an auditor's report that in¢ludes our opinion. Reasonable assuran¢¢ is a high l¢v¢l of assurnnce, bul is not a guarant¢e thal an audit conductsd in OCWTd8nce with ISA5 IUK) will always detect a material misstatement when it exists. Misstatements caft arise from fraud or ¢TTor and are considered material if, individually or in lh¢ aggre8at4 they could Tcasonably bc ¢xpected lo influence the economic dcGisions of users taken on the basis of these financial stat¢ment8. The extent to which our procedures arc capabl¢ of dete¢ting irregularitiu. including fraud is detailcd below.. We identify and assess th¢ risks of material misstatement of the financial statements, whether du¢ to fraud or ¢Tror. and then desi￿ and p¢rform Judil procedures responsive ￿ those risks, including obtaining audit evidence that Is sufficient and appropriate to provide a buis for our opinion. In identifying and addressing risk5 of material mis5tatem¢nt in rapeet of irre8ularities, including fraud and nonvcornpliance with laws and re8vl•tion5, our proGedure5 included the following: Pag¢ 12 Docuslgrt Envdope ID.. 01630D9>F93N848-ASSC4E909E307401 Link-Ability Independent Auditor's Report to the Members of Link-Ability We obtained an und¢rstsnding of laws regulations that affect the Charity, focusing on thos¢ that had o direct effect on the financial staternents or that hod A fvndamenfal cff¢cl on its operations. Key laws Ond r¢gulalions that we identificd included ihe Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 102) and the Statement of Recommended Pra¢ti¢c applicable to Charities. We enquired of the Members and reviewed m¢ctin8 minutes for evidence of non-¢ompliance wilh r¢l¢vant laws and rcgulations. We eftquired of the Members about any incidences of frnud that had tsken place duting Ihe aGcounling period. The risk of fraud and non-complillnc£ with Iiw5 and rc8ulationJ was dijcussed within the audit tewn ind tests were planned and perfornied to address these risks. We enquired of th¢ Members ab)ut a¢ttwi and potential litlgati(m and claims. We perfornied analytical procedures io identify any unusual or uncxpected relationships thal might indicthte risks of material mi551alem¢nt due lo frnud. In addrcssing the risk offraud due to management overridc of intrrnal controls we tested the appropriateness ofjoumal entries and assessed whether the judgements mad¢ in makin8 accounting cstim•tes werc indicative of A potential bi4S tyue to the inh¢r¢nt limitstions of an audiL there is an wiavoidable risk that we MAY noi hav¢ detsctcd some material misslatemenls in the ftnan¢ial statements, even though we have properly planned and perfonned our audit in accordance witli 8uditing standard5. For cxamplc, as with any audil, there remained a higher risk of non-deicction of ifregul&riti¢s, these may involve ¢ollusion. forgery, inlenlionAI omissions, misrepresentations, or the override of internal contyols. We are not responsiblè for preventing frAud or non-compliance with laws and ￿gulations and c•nnoi be cxpected to dclecl all fraud And nonrycompli#n¢¢ with laws and re8ulalions. U$¢ of our r¢port This Teport 15 made solely to the Charitable c in accordance with Chapter 3 of Part 16.of lhe Companies ACÉ 2006. Our audit work has been undertaken so thNI we might State lo the charity's members those matters we are required ¢0 stale to them in an *udilor'5 report Ind for no other purpos¢. To the fullest cxtcnl pcrniitted by law, we do not Lccepl or 8ssum¢ responsibility to anyone other than ihe charitabl¢ company and it5 mcmbers os A body. for our audit work, for thi5 reporl or for the opinions we have formed. Andrew Simm FCA (S¢nior Statutory Auditor) For wid on b¢half of Smith & Gouldin8 Limited. S¢lltutory Auditor 2 Southport Ro8d Chorley Lancashire PR7 ILB Page 13 DoedJ*n Envelope ID". D1630D93.F938484&A55C4E9DBE307401 Link-Ability Statement of Financlal Aetlvltles for the Year Ended 31 March 2024 neluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restricted fund5 Tot41 2024 Total 2023 Note In¢om¢ ind Endowmen¢• from: Donations ind le8aci¢5 Charitsble activities Investment income 22.634 6,413,385 2,056 600 24.690 6.413,985 456.975 5,750,798 Totsl ineorne 6.443.222 Expenditure on: Raising funds Charitsble activities (2.9051 6,374.953 (2,905) 6.397,801 (2,821) 5.654.598 22.848 Total expenditure Nei inMmtl(expendi¢ure) Oiher recognlged ylns hnd lois¢J Gainsl(losses) on revaluation offixed assets inve5tsDenis 6,377,858 (22,848 6,400,706 5,657.419 65,364 (20.192) 45,172 556.393 15 25.484 25.484 22,72 Net mov¢m¢nt in funds 90.848 (20,192) 70,656 533,666 Reeoneiliation of tsnds Total funds brought forward Totsl funds c4rri¢d forward 1.077.176 62,432 1.139.608 605.942 20 1.168.024 42,240 .210.264 1,139,608 All of the chariry's activities derive from coniinuing operations during the above two periods. The notes on pages 17 to 33 forn) an integral part of thcsc financial slatements. Page 14 DO￿l9n Envelope ID: O1630￿F93￿e4&NffjSc4ESo8E3o7d01 Link-Ability (Registration number: 02350533) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed 28Stts T&nBible &s$ets Investments 14 15 24,188 310 i95 31i,033 279.803 334 583 309.836 Currenl Assets tkbtors Cash ai Iwik and in hand 16 17 389.964 1.206.652 1.596.616 388J87 1,291.867 1.680.254 CredltorJ: Amounts falllmg due within ont year Net eiirreDt o81¢ts 18 720,935 850,482 875.681 829.772 N¢¢ asxt$ 1,210,264 1,139.608 Funds of the charlty: Rthrl¢ted In¢ome ￿ndS REstri¢t¢d fvnds 20 42.240 62.432 UDrestricted Ineome thnds Unre5tri¢t¢d funds 1 168 024 1077 176 Tolal funth 20 1.210 264 1139608 The finatjcial ststements on pages 14 to 33 were approved by the trustc¢$. and authorised for issue on 10 September 2024 and signed on their behalf by.. Mr Philip Entwistle - Chair Trustee The notes on pages 17 to 33 forni an ints8ral part of thcsc financial statemcnts. P4e 15 00cus￿n Envelope ID: D163009>F9W84&A55C4E9DBE307401 LiDk-Ability Statement of Cash Flows for the Year Ended 31 Mareh 2024 2024 2023 Cash Ilow$ from operailng aetivitle5 Nct incomel(expenditure) 70,656 533,666 AdJustrneDtg to Cash flow$ from non•eAih hems Depreciation Investment income Revaluation of inv¢s¢ments 6,505 (7,203) 7.321 {6.039) 23.480 44.474 558,428 WorklnE ¢gpitsI adjustmen1$ (Increaselldterease in debtors (D¢¢r¢ase)lincreAse in Greditors Nel wh flows from operatin8 a¢¢ivitic5 16 (1,577) 54,056 216227 54.249 828,711 C*$h flow$ from 6ttvutln£ A¢tlviti¢$ Interest receivable •nd similw inrome Purchase of tangibl¢ fixed as5¢ts Pufchase of investsnents 7.203 (660) 6,039 {4,996) 14 15 Net ctsh flows from investins *ctivities .435 1,043 Cash flojvs from flnanclnz #¢tivltles Repaymtnl of loans and IK>rrowings Nel (deCr¢￿ty1n¢re￿e in ¢ash and ¢ash equivalents 18 32.401 10.000 (85,215) 1291867 119.754 Cash And cash e9uival¢nlS at l April Cash And cash equivalents 81 31 March 472 113 1.291167 All of the cash flows are derived from continuin8 operalions during the abovc two periods. The notes on pages 17 ￿ 33 form an int¢grnl part of these financial statcrnents. Pa￿ 16 Docuslgn Envelope ID.. D16300WgW848-A55C4EgD8E307401 Link-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 J Charity it*tu$ Th¢ Gharity is limit¢d by suaran￿. in¢orpornlcd in England and Wal¢4 and consequ¢ntly does noi hav¢ shar¢ capital. Each of th¢ trustscs is liable to ¢ontributc an amounl not exceeding £Nil towants thc assets of thc charity in the event of lfrquidation. The jddress of its regi$tered office 1$: Convrny Hou$e AckhuN Busin￿ Park Foxhole Road Chorley Lancashire PR7 INY 2 Acrounting policies Symmary of ¥ignificant #ccountlDi policie5 And kty accoun¢ing estlmAtes The prin¢ip&l accountin8 policies applied in th¢ preparation of these f￿ancial slalements are set out below. These policies have been consistentty applied to all the years prrscnlcd, unlcss otherwise stated. StAtement ofcompllante Th¢ fjnancial stalemcnts have been prepared in tccordancc with Accountin8 and Reporting by Charities: Statement of Rc¢ommended Prncti¢e (4pplicAble to ¢hariti¢s preparin8 their accounts in accord&n¢e with the Financial Reporting Standard applicable in th¢ UK pad R¢publiG of treland (FRS 102)) (issued in Octs)b¢r 2019) (Charities SORP (FRS 11)2)), the Financial R¢portinB Stsnd*rd applicabl¢ in lh¢ UK 4nd Republi¢ of lT¢land (FRS 102) and the Companies Ath 2006. Ba81$ of prnpArAtlon Link.Ability meets the definition of a public b¢nefit entbty under FRS 102. Assets and liabilities are initially recognisd at historical cost or transaction value unless othernvise ststed in ¢h¢ r¢levant accountin8 policy notes. The financiv41 ststements 4re presented in'steTlin8 which is th¢ fun¢tional ¢urT•ncy of the tharity and rounded to the nev¢# £ S*rlin8. Golng concern The lrnstees consider that th¢r¢ are no mat¢riAI unrxrtaintics about the ch•rity's ability to continu¢ u • 80in8 concern I￿r any significant arcas of uncertainty that aff¢ct the caryins valuc of assets held by the chKity. CritiCAI wcrounting judgements *Dd kty sourcej of estimation uncertainty The pr¢p•ration of th¢ financial slalernenls in confomiity with FRS 102 rcquires th¢ use of ¢ert#in critical ac￿u￿11ng eslimites. It Can also require the trustees to exercise their judgement in the process of applying the charily's acwunting policie5. The charity is not oon5idcred to have any critical accounting estimates or judgemcnts at this tirne. Income and eDdowment$ All income is r¢cognised once the charity has entitlement to the in¢om¢, it is probable that the income will b¢ rKeiv¢d and thc amount of the income receivable ¢an b¢ m¢asuTed r¢lipbJy. Pa8¢ 17 Docusiqn Envelope ID: D163(K￿F9￿84￿AS5C4E9DBE8074ol Link-Ability Notes to tbe Financial Statements for the Year Ended 31 March 2024 Doftttrions ahdlqacles Donations are recognised vth¢n the ¢hwity has be￿ notified in writing of both the amount and settlement date. In the event that a donation is subjecl to condition5 Ihal requirc a level of perfomiance by the charity before the charity is enlitled to the funds, th¢ inwm¢ is d¢f¢rTed and not r¢¢ognised until eithcT those conditions are fully m¢L or th¢ fvlfilmcnt of those conditions is wholly within the control of the charity and it 15 probabl¢ that these onditions will b¢ fulfilled in the reporting period. g*¢y gift$ •r¢ recogftis¢d on a case by cas¢ b￿lS following the 8r•nt of probAte when the adrninistratOTlexecutor for the estate ha5 communic41ed in writing both the amount and settl¢meni date. In the event that the gift is in the forni of an ￿Se1 other than c&sh or a financial asset traded on a recognised slock exchange, reeognition is subject to the value of the gift being reliabty measurable with a de8rcc of reasonable Rc¢urary and th¢ title to th¢ ass¢1 havin8 been trBnsf¢rred to the ¢harity. Gill ald Incomin8 resources from tax ￿claIMS ve included in thè Stknment of Financi#l Activities at the same time as Ihe gift lo which they relale.. Invesfment income Dividends are re¢o8nlsed 0￿e the dividend been declared and notification has be¢n received of the divid¢nd duc. Exp¢ndltur¢ All exp¢nditur¢ 15 reco￿lSed once Ihtre is 8 leg&1 or constructive obligation lo th&t cxpendtiure. il is probable settlemenl 15 required and the amount can be measured reliably. All costs 4r¢ ¥llorated io th¢ applicable expenditure heading that aggregate similar costs ty that cat¢80ry. Wh¢it rosis cannot be directly attributed ¢0 panicular headings they have bcen allocated on a ba51s con5151cDI wilh th¢ us¢ of resources, with central stsff costs ￿lOcated on th¢ basis of time $pcnt, and depreciation chaT8es *llocat¢d on the portion of the ass¢t'5 use. Oth¢r support ¢osts Are allo¢a¢ed based on the spread of staff costs. Raisingfvnds These are costs incurred in ¥ttractin8 volunthry incom¢, th¢ m#nag¢m¢nt of inv¢stm¢nts and those in¢urred in trhdin8 activilies that raise fund5. Choritablt aclivili Charitable expenditure comprises those costs incwred by the charity in the delivery of ils a¢tivities And seThices for its beneficiaries. It includes both costs Ihat can be allocatrd dirertty to su¢h a¢tivifies and those co￿5 of an indiie¢l nature n¢¢¢ssary to support them. Support ¢08ts Support costs include centr￿ function5 hav¢ b¢¢n allo¢aied to activity cosl categories on a b051$ consistent with the use of resources. for example. allocating property costs by floor areas, or per capita, stsff ￿515 by the ¢im¢ sp¢n¢ and other costs by their usa8e. Gov¢rnan¢e costs These includ¢ the costs attributable kn the charity's compliance with Constitutional and ststutory requirements, includin8 audit, strate8ic managerneni and truslees me¢ting$ And reimbursed exp¢nses. PaBe 18 Doutsljn Envelope10: D163oD9>F93N84&A5￿4E9D3E&774ol Link-Ability Notes to the Financial Statements for the Year Ended 31 Mgrcb 2024 T*zatloD The charity is Mnsidered to pw the tests 5cI oui in ParngTAph I Schcdulc 6 of the Finanoe Aci 2010 And therefore it meets the defmition of b charitable company for UK cory)oration tax purposes. Accordingly. the charity is potentially exempt from tsxation in resp¢e¢ of In￿Me or capital gains received within catsgories covered by Chapter 3 Part I l of the Corporation Tax Aci 2010 or Section 256 of the Taxa(ion of Chargeable Gains A￿ 1992, to the cxlcnl that such income or 8ains are applied ex¢lusively to charitable purposes. T#tigible fixed Assets Individu￿ fixed &ss¢ts ¢osting £500 or more ar¢ initially recorded at Gosl less any subsequent accumul&t¢d d¢pr￿lation and $ubs¢qu¢nl awJmula*d imwirment105s¢S. DepreeiAtion and •rnortlsatioD Depreciation 18 provided on thngible fixed 18sets so 1$ to wtite off th¢ cost or vhluation. less any ¢ttimaled residu￿ v￿￿¢, ov¢r th¢ir ¢xp¢¢ted usefvl economic life as ftillows: A85rt class Leasphold improvements OffiGc cquipmenl And fithTe5 SeN¢e base equipment and fixwre8 Carnwdn for service ￿lerS D¢pr¢¢lAdon mtthod •nd r#te 25VA ts 33%on ¢ost Svo to 25% on cost 5Vo ￿ 25% on ¢osr l 0% on cost Fixed •sse¢ Inveslmenl8 Fixed isset investments. other than programme related investments. are Included at morket vllue at the balance sheet dAte. Realis¢d gains pnd losses on invesiments are calLuluied as the difference between sales proc¢eds and their market value a¢ the start of the year, or their subwu¢nt cost, and are charged or credited to the Statement of Financial A¢tivilie$ in th¢ puiod of disposAI. Unrealised gains and lo$ses represent the movement in mwkel ￿lu¢S during the Ye￿ Jnd ore ¢rdited or ¢har8¢d 10 the Ststcmcnt of Financial Activities based on thc market value at the year end. Trade debtors Tr￿e debtOT5 w¢ wnounts due from Customers for mewh8ndi￿ sold or s¢Thi¢¢s p¢rfomwd in lh¢ ordinary ¢ourse of busine Trade debtors are r¢co8nised initially at the transaction price. They Are subs¢quently rneosured •t amortijed ¢o$t using the eff¢¢tive ini¢resi method. less provision for imp8innent. A provlsion for the impairnient of trad¢ debtors is established when diere is objective evidenrx tha¢ ihe clwity will not be able to collect all 8Th)unts du¢ according to the original t¢rnis of the ￿(c1vable5. Cgsh and ea$h ¢qulvaknl$ and cash equivalents comprise wh on hand and call deposits, and other short-terni highly Ilquid investments that are readily convertibl¢ to a kno}￿ 8mount of cash and are subject to an insignificant risk of ehange in value. Page 19 Doc4slgn En¥•lope ID.. 01630o93-F93fA848-A5￿4EBOPE30740l Link-Ability Notes to the FinaDcial Slatements for the Year Ended 31 March 2024 Trade trtdllors Trod¢ creditors are obligations to pay for goods or services that have been acquir¢d in the ordinary course of business from suppli¢r5. Accounts payable are classified as current liabilities if the charity does no¢ have an Icondilional right. at the end of th¢ reportin8 period, to defer settlement of the creditor for at lell￿ ￿e1ve months after the reporting date. If there is an uncondilioDal right to defer sdtlcmcnt for at least twelve months fter the ieporlin8 date, they ar¢ pr¢5£ nt¢d as non•curren¢ liabilitics. Trade creditors ate recognised initially at the transaction price and subsequently measured at amortiscd cost usin8 the effectiv¢ int¢r¢$t method. Borrowin£s Intercsl-be8rin8 borrowin8s are initially recorded 4t fjir value. net of trllnsactio￿ costs. Inl¢r¢Jt.b¢arin8 borrowings are subscqu¢ntly canied al aTnorti$ed cosi with the diff¢ffn¢e b¢tw¢en the proceeds. net of trartsAction costs, and the amount due on redemption being reco8nised as a ¢harBe ts the Siatem¢nl of Financial Activities over the period of th¢ relcvlnl borrowin8. Int¢rest expense is rerosnised on the b￿lS of the eff¢ctiv¢ interest method and 15 included in intsrest payable And similar chargcs. Bormwings are classified as current liabilities unless Ihe charity has an unconditional righi to defrr 5etti¢m¢nt of the liability for At le85t twelve months After the reporting date. Fund ￿rUd￿re Unrestricted incom¢ funds Are general funds th•1 8r¢ Available for use at the trustees discretion in fjjrthcrancc of the objectives of the charity. Designated funds are unrestricted fimds set Aside for specific pury05¢5 at the di￿retion of the tThstees. Restricted income fi￿dS are those donai¢d for use in a particul¥ wea or for Specific purpos¢% the use of whlch is r¢strict¢d to that area or purpose. Fln4nfi•l Inslrumenti Cl4sslJlcddon The Charity has elected to apply thE provisions of Section I I 'B8sic Fin4ncial Instnrnents, Section 12 '0thtr Finan¢ial Inslruments Issu¢s' of FRS 102 to all of its financial instrumcnts. Financial instruments we reco8ni$ed in the ￿￿rIty'S b4lan¢¢ sh¢¢l when the Ch•riry becomes party to the )ntractual provisions of the instnjmenl. Financial assets and liabilities are offse4 with the net amounts pr¢sen*d in the finan¢ial $tatemenl4 when there is a legally ¢nforceabl¢ ri8hi to 5¢t off the reu)8nised amoun1$ •nd thcr¢ is an intention to 5cttle on a net basis or to realis¢ the ￿et and settle the liability simulthneously. Baglcfinandal assels B&%ic financial as5¢t5. which include debtor5 and cash and bank balances, are initially mepsured at transaction price including transaction costs and arc subsequcntly Carried al amortis¢d cost using the effective interest method unless the arrang¢ment con51itutes & financing transaction, whcrc lh¢ trans￿lI0n is me&8ured at the present value of th¢ firture receipts disrJ)unted at a market Tate of interest. Financial assets classifi¢d as ¢¢ivable within ¢n¢ year are Mot amorti5ed. Page 20 Docusign Envelope ￿.. D163009>F938484&A55C4E9D8E307401 Llnk-Abllity Notos to Ibe FinaDcial Statements for the Year Ended 31 March 2024 BaslcJlnanel41 li4bUldes Basic financial liabilities, including creditors and bank loans ar¢ iniliAily recognised At transaction price unless the arrangement constitt]tes a financing transaction, where the debt instrnment is mellsured at tht presafi value of the fvture payments discounted at a markel rate of interest. Financial liabilities ¢lassified as payable ￿￿thIn one year are not amortised. Debt instrurn¢nis ar# subscqu¢nily Garried al amortised ws¢ using thc cffc¢tiv¢ inlcrcst r￿e mcthod. Trade creditor5 are obligations to pay for goods or swvices that have been wuired in the ordinary course of operations from suppliers. Amouncs payabl¢ are classified as ¢urr¢nt liabilities if payment is due within one year or1¢5s. If not. th¢y ire prc5¢nl¢d as non-CUr￿n1 liabilitics. Trade creditors are fecognised initially at transaction price ond subsequently meLsur¢d at amortis¢d ¢ost using the cff¢¢tiv¢ inteiest m¢thod. Dereco8nlrfon olfmanciai fiabillties Financiil liabililiu #re der¢co8nised when (he ch￿Ity'S contraCtt￿l obli8atioThs expire or ire disch&r8ed or cancelled. Employee benefiti The cost of any unused holidiy entiilemenl is rcco8nised in the period in ￿1¢h the emplo￿¢,$ serviccs are received. T¢rmination b¢n¢fits are reco￿ls¢d imm¢diat¢ly as an ¢xpensc when the Charity 1$ dcmonstrably committed to lemiinate ihe eThployrncnt of employ￿ or lo providc temiination benefits. RetireTheTht benefits Payments to dEfin¢d ￿ntribution retirement benefit schemes are charged as an expen￿ as they fall due. 3 In¢ome from doThatAon$ and legacl¢J Unrestrlcted nds General Rostrfcted fun Totsl 2Q24 To¢AI 2023 Donations and leycies. Donaliom received tX8acies Other inGome 2,056 2,056 11.160 11,474 439,432 11,160 17.543 22.634 456 975 P•8e21 Oocustgn EnveJope1Tr. 0163009&F9384848-A55C4E9DBE307401 Link-Abillty Iyotes to the FfinaneAal Statements for the Year Ended 31 MArcb 2024 4 Ineome from ¢h*ritablt •¢tfvltles Unrestrlcted funds General Restri¢ted fundj Total 2024 Tot•1 2023 Provision of carc Gr￿ts received 6.413,385 6,413,385 600 3,714,575 36.223 600 6.413.385 600 6.413.985 5 750.798 S Investment ID¢ome Unrestrltted funds General Tot#1 2024 Total 2023 Interest reeelvable and similar income; Interest re¢¢iv•bl¢ on bonk d¢posits Other income from fixed Asset investments 354 6,849 354 6,849 124 5,915 6.039 6 ExpeDdlture r•lslDg funds o) Investment maD4gement cosls Unrestricted fundj Gen¢r*l To¢al 2024 Total 2023 Not¢ Other illvestm¢nt management ¢osts: Amounts payable to invcstrneftl managers 2.905 2.905 Page 22 Docuslgn Envelope ID: D1630D9>F938484MSSC4E9D8E307401 Link-Ability Notes lo tbe Financial Statements for the Year Ended 31 March 2024 7 Expenditsr¢ ott ¢horltsbl¢ gclivilies Unrestrlct•d funds GenEr81 Restricted Dds Total 1024 Note Provision of ¢8re Support sthff costs Oth¢r support rJ)Sls Governance costs 5,103,532 901.617 349.895 19.909 19,248 5.122.780 901,617 353,495 19,909 6 397 801 6 374 953 Uhrestrleted funds Gener•1 Restricted funds Total 2023 Note Provislon of ¢8r¢ Support staff costs Other support costs Governance costs 4,612,194 656,367 337.819 25.747 22,471 4,634,665 656,367 337,819 5,632.127 22.471 5 654,598 Page 23 Docusbyi Énvelope Dl63oD9&F93￿8484s5G4E9DBE3o7401 Link-Ability Notes to tbe FinAneial Statements for the Year Ended 31 March 2024 8 An•tysls of governance and Jppport v)Jts Support ￿$ts Allocated to eharitable activiti Premises cofjt8 Other Admln IDcludlng support Totsl eosti dtpredation eosts 2024 GovtrnaneeFin•nee Info StAir Costs tosts terhDology tosts BASIS of #llocatton Pwovision of ¢8re loo• 783 69518 28 142 37425 152331 65296 373,404 Premls ¢o¥ts Other Governance Flnanre Info AdmSn Includln8 support ¢osts costs tttbnology costs deprecl&don costs To¢al 2023 Blsis of Ilocation IOO¥o Provision of care 163 331 56 640 363 566 Govern•nee toits Unrtstrlcted nds G¢D¢ral Totsl 2024 Audit fees Audii of the finan¢ial staterneThts All0¢￿ed support ¢osts 5.000 5,000 UnTestricted runds Genergl Total 2023 Audit fee$ Audit of the finan¢ial statements Allout¢d support costs 2.500 2,500 25.747 Page 24 Docu8￿n Énvelope10.. 0163DD9&F938484WSC4E9DBE307401 Link-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 9 Net In¢omIn￿Outgolry8 rewurees Net incoming resources for the year include: 2024 2023 Audit ftes D¢pr¢ci•tion of fixed ass¢iS 5.000 6.793 2.51)0 7,321 10 TrDStees remlln¢r•tlon and ¢xp¢n$ No truste¢s, nor any person$ ¢onn¢¢ted with th¢rn, h•ve re￿ived any r¢mun¢rnlion from the charity during tht year. No tr￿￿et5 h#ve received any reirnbw5ed expenses OT any oiheF benefits frorn the charity durin8 the year. I I Stsff cogts Th¢ wgAt¢ payroll costs wer¢ as follows: 2024 2023 Stoff ¢osts durlng the year were: Wa8¢5 and salarics . Social security costs P¢n$ion costs 4,930,105 412.838 142046 4,515,329 360,772 120,861 4 996 962 5 484 989 The monthly avera8e nwnber of persons (includin8 senior m*n•8ern¥nl I lelldership ieim) ¢mployed by the ¢hariry during the year eXpr¢￿ed as fi]11 time equivalents was as follows: 2024 2023 Care md support stsff 234 225 Th¢ nurnb¢T of ¢mployc¢s who$¢ emolwnents fell within the following bands was: 2024 No 2023 ASO.001- £70,OOQ £70.001- £80.000 £80,001- £90,000 The totsl cmployee benefits of the key manag¢rn¢nt p¢rsonn¢l of the rharity were £410,847 (2023 - £341.182). Page 25 Oocu*n Envelope ID: D1630D9￿93W4&A5S¢4EgDBE8074O1 Link-Abillty Note8 to Ihe Flnanefial Statements for the Year Ended 31 March 2024 12 Audltors. remuneration 2024 2023 Audil of the financial statemenls 5.000 2.500 13 Taxgtion The charity is exernpl from tax on income and gains falling within Chapier 3 of Part I l of ihe CoTpoMion T Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 kn the extent tha( these are 4)plied to its harilabl¢ objects. No lax charges have arisen in thc charity. 14 Tingible fixed issets Offlee Servle¢ b*Je equlpment qnd equlpmenl •Dd riiture4 ru¢ures Leasehold Improv¢m¢ots C4r•v•n for servlct users TolAI Co At l April 2023 Addilions 37.505 105.067 660 89.721 36.004 268,297 660 At 31 March 2024 105 727 268 957 Deprecl*tlon Ai l April 2023 Charge for the year 37,013 4Y2 94,160 2.143 87.842 270 19.249 3,600 238,204 6.505 At 31 March 2024 96,303 22,849 244,769 Net book value At 31 March 2024 9.424 1.609 At 31 M•rth 2023 4Y2 10.907 Pa8¢ 26 Docuslgn Envelope ID: D163ODW9384e4&￿5cAE9DBE￿1740l Link-Ability Notes to Ibe Financial Statements for the Year Ended 31 Mareb 2024 15 Flxed 188et Ibvtstmeht8 2024 2023 Listed invcsknents 310.395 279 803 Llsted Investments TDtAI Cost or Volua¢loM Ai l April 2023 Revaluation Additions 279.803 25,484 5,108 279.803 25.484 At 31 Mvvh 2024 310,395 310,395 Net book value Al 31 M1￿h 2024 310395 310395 At 31 March 2023 279,803 279,803 16 Debtor8 2024 2023 Trade debtors Pr¢pAyThcnts and accrued inc4)me Other debtors 54.303 331,1)91 4,570 389 964 95,216 288,601 4.570 388 387 17 and cgsh equlvglents 2024 2023 Cash ￿ bank 1.206,652 1291.867 The charity has wrporate 8ov¢rnance over bal￿ bal&ncu amountin8 to £339k (2023: £322k} in relation kn the p¢ople who it supports but does not have beneficial ownership and therefore these are not ineluda in th¢ financial Slatements. Pwge 27 Do¢￿[gn Envelope ID.. 0163C09>F938484WSC4E9DBE307401 Link-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 18 Creditors: amounts l*llln% due wlthio one ytar 2024 2023 Bank loans Trade creditors Othcr taxation and social security Other crediiors AccNal$ and deferred income 32.401 66.005 72,888 87.713 591,475 850.482 73.226 86.788 121,455 439.466 720 935. 19 Obligatlong under leases and hlre purcha￿ contracts Op¢raUng le18¢ comml¢m¢nts Total futurc minimum leasc payments under non-cancellable opernting leases are ￿ follows.. 2024 2023 Olber Within one year Between one and five y¢ars After fjve years 54.056 96,393 42,056 53,045 159449 Page 28 Docuslgn Envelope ID: D1630D9&F93&4848.A55C4E9DBE30740f Link-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 20 Funds B*l4n¢¢ #t l Aprfl 2023 Other Bglance at Incoming Resources recognised 31 Mareh resou￿¢$ expehdd Tr#h8fen £AIn￿O0&Se$) 2024 Unrestrlcted funds Gener41 Un￿StrICted fundj R¢valuaiion reserve 1.032.604 6,M3.222 (6,377.858) (95,037) 1.002,931 25.484 70,056 25,484 1,072,987 1.077,176 6,443,222 (6,377,858) (95,037) Deil¥nAled Developm¢nt 95,037 95,037 Tot*1 vnres¢ricted funds 1.077,176 6.443 222 6.377 858 25,484 1168.024 Reslrleled funds West Lanca5hire Positive Livin8 Rochdale BC- Workforce want Rochdale BC- Innovation 8r&nt Spire donation Skills For cA￿- Re8iSlered Man48e Netwjrk 21,026 {3,600) 17,426 18,648 (18.648) 7,746 15.012 7.746 17.068 2.056 600 Total restrltted fvnds 62.432 22,848 Total funds 6 400 706 25.484 21rJ264 Page 29 DO￿819ft gnvelope ID.. 01630D9>F93N84&A53C4E9DBE307401 Link-Ability Notes to the Financial Statsments for the Year Ended 31 March 2024 Analysis of funds- prlor year Other Rewurces recogn15ed exp¢Dded galnsl(10sse5) BAl#Dte at 31 M•rch 2023 Balance at i April 2022 Incomlng Unrestrlcted funds Genernl Unrestri¢l¢d funds Revaluation reserrfe 506,975 67.299 6.160,577 (5,634,948) 1,032,604 44.572 (22,727 22.727 574,274 6,160,577 5 634,948 ,077.176 Rest￿￿ed Roots Donation West Loncashirc Positive Living Skills for rAre Infcclion control funding Skills ftir ¢are- WorkforG¢ Development Fund Rochdale BC- Infection Conlrol Rochdal¢ BC- workr0￿e gralrt Rochdale BC- Innovation grw Spire donation 6.706 (6.706) 23.749 738 475 (2,723) (738) (475) 21,026 soo (500) 9,329 (9.329) 18,648 18,648 7.746 17012 7.746 15.012 Totsl Mtrltted funds Total funds 605 942 5 657 419 The specifie purposes for which the fvnds are to be ipplied are hs follow5: The Roots donation 18 to bc applied to provide ITainin8 ond equipment for the benefit of sraff And service users In Rochda]¢. The Charity took over th¢ operntions of West Lgttce Posltive Living Limit¢d in 2016. including staff and service useTS. Prior to being fornially dissolved. West Lanc¢ P051tive Living Limited made donations to Link-Ability of Its r¢mainin8 bank balanc¢s. and it a150 don#l¢d a $14tic carav￿, which was held for the ben¢fit of serrf1￿ us¢rs. The caravan was upgrdded to a newer caxavan and continues to be offered for use by service users. The fund value carried forwaTd5 inrludes the ￿rryIng value of tan8ible fued assets purchlsed as restricted &ss¢t (includin8 th¢ e#Tavan). The Skills for Cllr¢ r¢stricted fvnd represents fvnds received towards the cost of sthff training for a diploma qualific8tion. Page 30 Douwlgn Envdope ID: D1G30￿F93N8I8&S5c4E908E3O7401 Lfink-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 21 Analysis of nel auets between funds Total funds #t 31 March 2024 Unrtstrieted funds GenerAI Deslgnltsd Restricted funds Tan8ible fix¢d assets Fixed asset investments CutTcnl Assets cU￿ent liabilities I l.Oi3 310,395 ,472,494 (720.935) 13.155 24,188 310,395 ,596.616 720.935 95,037 29,085 Total net assets 1072,987 42,240 Unr¢strict¢d fund5 General Tot*1 funds •t 31 March 2023 Restricted nds Tangible fixed assets Fixed asset invcstments CuThent assets Current liabilities 13.278 279,803 1,634,577 850.482 16,755 30.033 279,803 ,680,254 850 482 45,677 Total net assets 077 176 62,432 1 139608 22 Analy618 of net funds At l April 2023 FlnAncln% tuh At 31 March flows 2024 Cash at bank nnd in hand Debi duc aft¢r more than one year Net debt 1,291,867 (86.245) 32.401 1,205,622 1,259.466. 53.844 1.205.622 At l April 2022 FlnAncln8 cash At 31 M4r¢h flows 2023 C•sh at b&nk and in hand Debt due after more than on¢ y 472,113 42.401 819,754 10,wo 829 754 1,291,867 (32401 1.259.466 N¢t debt 429,712 Page31 Docu*n Envelope ID.. D163oD9V93￿a46-￿5C4E9D8E3074O1 Link-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 23 Related pArty transattions Durin8 th¢ year th¢ Ch8rity entered into the following transartions with rel8led parties.. CommwLity Living Inltlative5 - This ¢hvitable organisation publishes a sector specific magazine - 'Community Living,. MTS J Adshead is a director. In the year ¢ftded 31 March 2024 Link-Ability paid £4,000 for sponsorship and advertisin8 (2023: £4,000). The LancBshire Le￿In£ Disability Consortium ILLDC) - Link-Ability is a mwnbeT of this OTg&nisalioo and Mrs J Adshead sits on its board. Durin8 the year ended 31 Marth 2024 Link-Ability paid membership fecs of £800 (2023: £800). The related parties are chirities or community I￿an1$AtiOnS with activities thich are complernentsry to in heran¢¢ of the objectives of Link-Ability. The tn￿te¢S and officers of Link-Ability do not re¢eive remuneration from th¢se or88nisations and do not hold any beneficial interest. No guarantees have been given or r¢¢¢ivcd, Page 32 000￿19n Envelope ID.. D1630D9&F938484MWE9DBE307401 Link-Ability Notes to the Financial Statements for the Year Ended 31 March 2024 24 Prior year Stsiemeni of Financial Activiti UDrestrit¢ed fijnd Rutrlcted funds Total 2023 Nott Income and Endowmexts from: Donations and le8ocies Charitabl¢ Mctivi¢i¢s Investsn¢nt income 439.963 5.714,575 6,039 17,012 36.223 456,975 5,750,798 6.039 Totsl income 6 160.577 6.213.812 Expendlture on: Raising fvnds Charitable Activilies (1821) 563212 {2,821) 5 654.598 22,471 Totsl expenditur¢ 3.634.948 22,471 5 657419 Net inwme 525,629 30,764 556,393 Other reco￿￿ed 8Alng and10sJeJ Gainsl(Sosses) on reVAluattl￿ of fixed assets Net movement in ￿lld5 22,727 22.727 502,902 30.764 533,666 Re¢on¢lllatlots of fun Totsl fvnds brought fOn¥￿d Totsl funds ¢arricd fonyard 574,274 31.668 605,942 20 1077 176 62.432 1139608 Page 33