REGISTERED COMPANY NUMBER: 02345730 {England and Wales) REGISTERED CHARITY NUMBER: 801169 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE APULDRAM cE￿rRE THE APULDRAM CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1 to 5 R8POrt of the Ind8P8ndent Auditors 6 to 9 ststement of Financial Activitl8S 10 Balance Sheet Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Statamonts 14 to 25 THEAPULDRAM CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of Ihe Companies Act 2006, present their report with the finanaal statetnents of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporiing by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporling Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACT]vrriES Oblectlves and alms The objects of the charitable company are set OLrt in its Memorandum and Articles of Association, and may be summarised as follows: 'The relief of persons affected by leaming disabilities and l or complex n88ds by providing and assisting In the provision of accommodation. facilities and support S8rvices not nomally provided by th8 Statutory authorities". The trustees have paid due consideration to the Charity Comission's published guidance on the Public Benefit requirement under the Charities Act 2011. They belleve that the actlvities and benchmarks noted wlthin the 'Achievements and performance, section below have assisted in furthering the charitable companys pU￿oseS for the public benefit. Public benefit The trustees confirm that they hsve referred to the guidance contalned In the Charlty Commlsslon's general guidance on public benefit when reviewing the charitys aims and objectives and in planning future activsties. Tha twstees ￿fer to public beneflt throughout thls report. Page 1 THE APULDRAM CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT A¢hievement and perfonnance Transitioning into 2024 has marked a peric A Buckland O James (Resigned 3rd April 2024) J Bell C Mccormack P Bradley R Thornton S Blaber J Davenport A Thomas (Appointed 21 st February 2024) Page 4 THE APULDRAIII CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Audltors Morris Crocker Limited Chartered Accountants statutory Auditors Station House North Street Havant Hampshire Pog 1QU STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the diredors of The Apuldram Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance wlth applicabl8 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requlres the trustees to prepare financial statements for each financial year whith gNe a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. induding the income and expenditure. of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounling policies and then apply thern consistently; observe the methods and principles in the Charity SORP,, make judgements and estimates that are reasonabl8 and prudent; state whether applicable accounting standards have been followed, subject to any material departure8 disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presuma that the charitable company will continue in busines8. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that 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 detection of fraud and oiher irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable cornpanys auditors are unaware; and the trustees have taken all steps that they ought to hav8 taken to make themselves aware of any relevant audit information and to egtablish that the auditors are aware of that information. Disclosure of infomation to audltor Each of the trustees has confimied that there is no information of which they are aware which is relevant to the audit, bul of which the auditor is unaware. They have further confirmed that they hav8 taken appropriate steps to identify such relevant infomiation and to establish that the audilor is aware of such information. AUDITORS The auditors. Mo￿lS Crockar Limitad. wll bo proposed for re-appointment at tha forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the compan cto . on .O.4.DRCRmb￿.2o24...... and signed on the board's behalf by: S Blabar- Trustge Page 5 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE APULDRAM CENTRE Opinion We have audited the financial statements of The Apuldram Centre (Ihe 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Aclivities. the Balance Sheet, the Cash Flow Ststement and notes to the financial statements. including a summary of signifi¢anl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unl￿d Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a tNe 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 r8SDurces. including its income and expenditure. for the year then have been properly prepared in aCC￿rdance with United Kingdorn Generalty Accepted Accounting Practice; and have been prepared irb accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Avdtting (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of th8 financial statements section of our reporL We ar8 ind8P8nd8nt of the charitable company in accordance with the elhical requirements that are relevant to our audit of Ihe financial statements in the UK. including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordan￿ with thesa requirements. We b81iev8 that the audit evidence we have obtained is suffici8nt and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial stalem8nts. we have concluded that the trustees, usg of th8 going conc8m basis of accounting in the preparation of the finan(xal statements is appropriate. Based on the work we have performed. w8 have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast Sl9nificant dcubt on the charitabl8 companys ability to continue as a going ￿nCern for a period of at Seast twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibiliti8s of th8 trust88S With r8spect lo going concem are described in the relevant sections of this report. Other information The trustees are responsible for th6 Other infomation. The other infomation comprises the infomiation induded in the Annual Report, other than the financial statements 8nd our Report of Ihe Independent Auditors thereon. Our opinion on the financial statements do8s not cover the other information and, except lo the extent othe￿ise explicilly stated in our report. we do not express any form of assurance conclusion thereon. In connection wtth our audit of the financial statements, our responsibility rs to read the other infonrration and. in doing so, consider whether the other information is malerially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, 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. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the WO￿ undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial stalemenls are prepared is consistent with the financial siatements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 6 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE APULDRAM CENTRE Matters on which we are required to rèport by exception In the light of the knowledge and understanding of the charitsble company and its environment obtained in th6 course of Ihe audit. we have not identified malerial rnisststements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requir&8 US to report to you rf. in our opinion- adequate accounting records have not been kept or retums adequale for our audit have not been received frotn branches not visited by us., or the financial statements are nol in agreement with the accounting records and retums; or certain disclosures of trustees, remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more frjlly in the Statement of Trustees, Responsibilities, the trustees {who are also the directors of the charitabl8 company for the purposes of company law) are responsible for the preparation of the financtal statements and for being satisfied that they give a true and fair view. and for such inlemal control as th8 truslees detemiine is necessary to enable th8 preparation of finan(#al statements that are free from material misstatement, whether due to fraud or e￿or. In preparing the financial statements, Ihe trustees ar8 responsible for ass8ssing the charitable companys abilily to continue as a going contsm, disclosing. as applicable, matters r81ated to going concem and using the going concern basis of accounting unless the trustees either intend to liquidat8 th8 charitable company or to C8ase operations, or have no ￿aliStIC altemative but to do so. Page 7 REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF THE APULDRAM CETrURE Our responsibilities for tho audit of th8 financlal statements Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material misstatement, whelher due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always deted a material misstatement when it exists. Misstatements can arise from fraud or e￿or and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecling irregulariti8s. induding fraud is detailed below: From discussion with management and those charged with governanLE information about the entity is documented to assess the actrwity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concem. Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues and management override conGeming the size of the organisation. We set financial statement materiality lev81 based on the level of incDme. As a not for profit organisation raising income is its primary focus which is why income was used to detemiine the level of materiality. Our overall assessment of risk was used to determine perfomance materialty at an appropriate level. Subslantive audit tests were designed after assessing and performing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tesled a sample of the population, representative of the population, to id8ntify errors. The testing did not identify any material misstatements in areas t8Sted. Audit substantive lests concluded no material errors over the key risk areas of income recognition and management Ove￿Ide. The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation. Management assessed there is no going concern risk. The audit undertook a review of budgets, management accounts and th& review of board minutes and came to the same condusion as managemenL A further description of our responsibilities for the audit of the financial statements is located on th6 Financial Reporting Council's website at vNM.frc.org.uldauditorsresponsibilitie8. This description foms part of our Report of the Independent Auditors. Page 8 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE APULDRAM CENTRE Use of our report This report is made solely to the charitable companvs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Ad 2006. Our audit work has been undertaken so that we might state to the charitable companws members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other Ihan the charitable company and the charitable company's members as a body, for our audii work, for this report, or for the opinions we have fonned. P Underwood (Senior Statutory Auditor) for and on behalf of Morris Grocker Limited Chartered Accountants Statutory Auditors station House North Street Havant Hampshire P091QU 6th December 2024 Page 9 THE APULDRAM CENTRE STATEMENT OF FINANCIAL ACTIVMES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total fvnds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 110,396 24,500 134,896 76,345 Charltable activities Daycare services Supported living Produce and servi￿$ 443,814 1,269,761 74,148 443,814 1,269.761 74,148 391,055 1,169,068 85.438 Investment income 12,128 12,128 7.335 Total 1,910,247 24,500 1,934,747 1,729,241 EXPENDITURE ON Raising funds 7.355 7,355 13,511 CharRabl• actlvities Daycare s8rvice8 Supported living Produce and servlces 546,053 1,207,812 38,741 41,932 12,000 587,985 1,219,812 38,741 581,619 1.093,990 47,527 Total 1,799.961 53,932 1,853,893 1,736,647 NET INCOMEI(EXPENDITURE) 110,286 (29,432) 80,854 (7,406) RECONCILIATION OF FUNDS Total funds brought fomard 2,233,639 42,432 2,276,071 2,283,477 TOTAL FUNDS CARRIED FORWARD 2,343.925 13,000 2,356,925 2,276,071 The notes form part of these financial statements Page 10 THE APULDRAM CENTRE BALANCE SHEET 31 MARCH 2024 2024 2023 Notes FIXED ASSErs Tangible assets 13 1,986,716 1.992.927 CURRENT ASSETS Debtors Cash at bank 14 213,852 396,542 115,208 339.508 610,394 454,716 CREDITORS Amounts falling due within one year 15 (228,175) (151,667) NET CURRENT ASSErs 382,219 303,(M9 TOTAL ASSEfs LESS cuRRE￿r LIABILITIES 2,368,935 2.295,976 CREDITORS Amounts falling due after more than one year 16 (12,010) (19,905) NET ASSErs 2.356,925 2.276,071 FUNDS Unrestricted funds Restricted funds 20 2,343,925 13,000 2,233,639 42,432 TOTAL FUNDS 2,356,925 2,276.071 The financial statements were approv8d by the Board of Trustees and authorised for issue on .December..2024...... and were signed on its behalf by: S Blaber - T￿slee l-Tr Tha notes form part of these financial statements Page11 THE APULDRAPJI CENTRE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023. Notes Cash flows from operaling activities Cash generated from operations 123,544 61,443 Net cash provided by operating activities 123,544 61,443 Cash flows from investing activities liurchase of tangible fixed assets Interest received (61,930) 3,477 (16,312) 431 Net cash used in investing activities (58,453) (15,881 } Cash flows from financing actlvlties Loan repaymer•ts in year {8,057} (8,018) Net cash used in financing activities (8,057) (8,018) Change in cash and cash equivalents in the reporting period Cash and cash equlvalents at the beginning of the reporting period 57,034 37,544 339.508 301,964 Cash and cash equivalents at th8 and of tho roporting period 396,542 339,508 The notes form part of these financial statements Page 12 THE APULDRAM CENTRE NOTES TO THE CASH FLOW STATEMEI FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTMTIES 2024 2023 Net incomel(expenditure) for the reportlng perlod {as per the Statement of Financial Activities) Adjustments for. Depreciation charges Interest received (Increaseydecrease in debtors Increasel(decrease) in creditors 80.854 17,406) 68.141 (3.477) (98.644) 76.670 77.694 (431) 31.774 (40.188) Net cash provlded by operatlons 123,544 61,443 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Not cash Cash at bank 339.508 57,034 396,542 339.508 57,034 396.542 Debt Debts falling due within 1 year Debts falling due after 1 year {8,017) {19,905) 162 7,895 (7,855) {12,010) (27,922) 8,057 (19.865) Totsl 311,586 65,091 376,677 The notes form part of Ihese financial statements Page 13 THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Charlty Information The Apuldram Gentre is a private company limited by guarantee Incorporated in England and Wales. The registered office is Common Fanm, Appledram Lane, Chich8St8r. West Sussex, P020 7PE. Accounting conventlon The financial statements have been prepared in accordance with the charivs goveming document, the Companies Act 2006 and "Acwunting and Reporting by Charities.. Stst8ment of Recommended Prdctice applicable to charities preparing their ac￿Unts in accordance wilh the Finan(xal Reporting standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periL)ts commencing from 1 January 2019). The charity is a Public Benefit Entity as defin8d by FRS 102. Going conc8m At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate reSoUr￿S to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. Charitable funds Unrestricted funds ar8 available to spend on activities that further any of the purposes of the chartty.Designated funds are unrestricted funds of the charity which Ihe trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which th8 donor has specified are to ba solely used for particular areas of the Centre's work or for specific projects bein9 undertaken by the Cantr8. Income Income is recognised and induded in the accounts when all of the following crtteria are met: . The charity has entitlement to Ihe funds; Any performance conditions attached to the income have been met or are fulty within the control of the charity., The is sufficient certainty that receipt of the income is considered probable; and . The amount can be measured reliably. For legacies, entitlement is taken as the earfier ofr. . The date on which th6 charity is aware that probate has been granted- . The estate has been finalised and notification has been made by the executor(s) to the Centre that a distribution will be made," or . When distribution is re￿iVed from the estate. Receipt of a legacy. in whole or in parl, is only considered probable when the amount can be measured reliably and the charity has been notified of Ihe executor's inlention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate. and the criteria tor income recognition have not been met, then the legacy is treated as a contingent assel and disclosed rf material. Income received in advance of any service is deferred until the criteria for income recognition are met. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interesl paid or payable by the Bank. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a Ihird paty, it is probable that settlem8nt will be required and the amount of the obligalion can be measured reliably. Page 14 continued... THEAPULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - continuad FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Expendlture t￿eCOVerable VAT is charged as a cost agalnst the activty for which the exp8nditure was incuffed. Suppori costs are those functions that assist the work of the charity but do not directly undertake ch8ritab18 activities. Support costs indude back office costs, finance, personnel. payroll and govemance costs which support the Centre's activities. The bases on which support and governance costs have been allocated are set out within note 8. Tangible fixed assets Tangible f￿ed assets are initially measured at cost and subsequenty measured at cost or valuation, net of depreciation and any impaiment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold propety Plant and machinery Fixtures and fittings Motor vehides 250/0 2SYo These have all been deprec18ted using the straight line method. Freehold land and assets In the course of construction are not depreciated. The gain or loss arising on the dlsposal of an asset is determined as the difference be￿een the 8a58 proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Taxation The charity is exempt from corporatlon tax on its charitsble activities. Fund accounting Unrestrided funds can be used in accordance with the charitable objéctlves at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purF)oses. Further explanation of the nature and purpos8 of each fund is included in the notes to the financial statements. Cash and cash equivalents Gash and cash equivalents include cash in hand. deposits held at call with banks. other short term liquid investments, and bank overdrafts. Bank overdrafts are shown within borrowings in cuTrent liabilities. Flnanclal Instruments The charity has elecled to apply the provisions of Section 11 'Basic Financlal Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial Instruments are recognised In the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assgls and liabilities are offset, with the net amounts presenled in the financial statements, when there Is a legally enforceabl8 right to set off the recognised amounts and there Is an intention lo setlle on a net basis or to realise the asset and settle the liability simultaneously. Page 15 Continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Baslc flnanclal assets Basic financial assets, which indude debtors and cash and bank balances. are initially measured at transaction pri￿ including transaction costs and ara subs8quently carried at amortiS8d cost using the effective interest method unless the arrangement constitutes a financing Iransaction. where the transaction is measured at the p￿sent value of the future receipts discounted at a market rate of interest. Finanaal assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction pri unless the arrangement constltutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabiltties classified as payable within one year are not amortised. Debt insbwments are subsequently carried at amortised cos( using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as ￿rrent liabiliiies rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade credttors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Dèrecognition of financial liabilltles Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or cancelled. Employee benefits Termination benefits are recognised immediately as an 8xp8ns8 when the ch8rity is demonstrably committed to terminate the eMplO￿nent of an employee or lo provide termination benefits. Retlrement benefils Payments to defined contribution retirement bènefit schemes are charged as an expense as they fall due. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charitys 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 SoUr￿s. The estimates and associated assumptions are based on historical experience and other fadors that are considered to be relevanL Actual results may differ from these estimates. The estimates and underfying assumptions are Trviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affeds cnly thal period, or in the period of the revision and future periods where the revision affects both current and future periods. Page 16 continued.. THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONSAND LEGACIES 2024 2023 Donalions Legacies 84,896 50,000 76,345 134,896 76,345 INVESTMEKf INCOME 2024 2023 Rents received Deposit account int8r8St 8,651 3,477 6,904 431 12.128 7,335 All invesknent income Is deriv￿ from assets held in the United Klngdom. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Services provlded under contract Services prowded under contract Sales within charitable activities Daycare 8ervices 443,814 391.055 Supported li￿ng 1,269,761 1,169,068 Produce and setvlces 74,148 85,438 1.787,723 1,645,561 RAISING FUNDS Raising donations and legacies 2024 2023 Fundraising costs Support costs 355 7,000 7,183 6,328 7,355 13,511 Page17 onlinued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE AcnvrriES COSTS Support (x)sts (see note 8) Dlrect Costs Totals Daycare servi￿8 Supported living Produce and services 563,485 1,181,312 38.741 24,500 38,500 587,985 1,219,812 38,741 1,783,538 63,000 1,846,538 SUPPORT COSTS Govemance costs Management Flnance Totals Raising donations and legacies Daycare services Supported Imng 4,073 14.253 22,399 2,643 9,252 14,538 7,000 24,500 38,500 995 1,563 40.725 2,842 26,433 70,000 Activlty Management Flnance othar Govemance costs Basis of allocation Back office Govemance Governance Governance Support costs have been apportioned between each of the charitable activities on Ihe following basis: Ralsing donatlons and legacies Daycare servlces Supported living 55/0 Support costs, included in the above, are as follows: Management 2024 2023 Raising donations and legacies Daycare services Supported living Total activities Total activities Telephone Postage and stationery Sundries Establishment costs Insuranco Dèpreciation of tangible and heritage assets 625 226 2,187 790 27 10,353 373 3,437 1.241 43 16.270 587 6,249 2.257 78 29.581 1.067 6,167 2,563 2.426 13,286 925 2,958 107 149 523 821 1.493 5,398 4,073 14,253 22,399 40,725 30.765 Page 18 continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 MARCH 2024 SUPPORT COSTS * continued Finance 2024 2023 Raising donations and 18gaci8S Daycar8 services Supported living Total activities Total activities Bank charges 9g5 1,563 2.842 3.477 Governance costs 2024 2023 Raising donations and legacies Daycare services Supporied living Total activities Tolal activities Auditors. remuneration Auditors, remuneration for non audit work Legal and professional Bureau charges Irrecoverable VAT 730 2,558 4,016 7.302 8,900 260 11,029 3,279 5.570 961 332 620 3,359 1,166 2,171 5,279 1.832 3.411 9,599 3.330 6.202 2.643 9,252 14.538 26.433 29.038 NET INCOMEI(EXPENDJTURE) Net incomel(expenditure> is stated after chargingl(crediting)- 2024 2023 Auditors, remuneration Auditors, remuneration for non audit worf( Depreciation - owned assets 7.302 8,900 260 77.694 68.141 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other baneffts for the year ended 31 March 2024 nor for Ihe year ended 31 March 2023. Trustees. expenses During the year no trustees (2023: none} were reimbursed out of pod(et expenses. Page 19 continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THEYEAR ENDED 31 MARCH 2024 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 1,274,147 106,067 25.478 1,196,654 96.945 22,804 1,405,692 1,316,403 The average monthly number of employees during the year was as follows: 2024 63 2023 62 No employees received emoluments in excess of £60,000. Key management personnel The key management personnel of the charitable company comprise of the Chief Executive Officer, the Chief Qporating Officer, Chief Finance Offi￿r, Registered manag8r and th8 Operations and Compliance manager. The totsl employee beneffts of the key management personnel of th8 charttable company war& £199,888 (2023: £164,722). This does not include r8mun8ration for trustees, all of which is report8d as per note 8. 12. COMPARATIVES FOR THE STATEMENT OF FINANCtAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donalions and legaci8s 21.725 54.620 76.345 Charitable activities Daycare services Supported living Produ￿ and services 391.055 1.169,068 85,438 391,055 1,169,068 85,438 Investment incom8 7,335 7,335 Total 1.674.621 54,620 1.729.241 EXPENDITURE ON Raising fjjnds 13,511 13.511 Charitable activities Daycare services Supported living Produce and services 569,431 1,093.990 47,527 12,188 581.619 1,093.990 47,527 Total 1.724.459 12.188 1,736.647 NET INCOMEI{EXPENDITURE) (49,838) 42,432 (7.406) RECONCILIATION OF FUNDS Total funds brought forward 2.283.477 2,283.477 Page 20 continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds TOTAL FUNDS CARRIED FORWARD 2,233,639 42,432 2,276,071 13. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Plant and machinery Motor vehicles Totals GOST At 1 April 2023 Addits'ons 2.429.332 47.732 110,991 14,198 25,645 20,745 2,586,713 61,930 At 31 March 2024 2.477,064 125,189 25,645 20,745 2,648,643 DEPRECIATION At 1 April 2023 Charge for year 479,507 43,710 82,932 17,320 11,900 5,814 19,447 1,297 593,786 68,141 At 31 March 2024 523,217 100.252 17,714 20,744 661,927 NET BOOK VALUE At 31 March 2024 1,953,847 24,937 7,931 1.986,716 At 31 March 2023 1,949.825 28,059 13,745 1,298 1,992,927 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 109.936 52,913 51,003 65,844 2,968 46,396 213,852 115.208 Page 21 continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see not8 17) Trade creditors Social security and other tax8S Other creditors Accruals and deferred income 7,855 67,928 40,607 4,897 106,888 8,017 42,190 38,012 63.437 228,175 151,667 2024 2023 Brought forward Amount released to incoming reSoUr￿S Amount deferred in year 10,380 (10,380) 14,981 6,422 (6.422) 10.380 ca￿led forward 14,981 10.380 16. CREDrroRS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 17} 12.010 19,g05 17. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand,. Bank loans 7,855 8.017 Amounts falling due between and five years: Bank loans - 2-5 years 12.010 19.905 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 2023 Wrthin one year Belween one and five years 870 5.220 870 870 6,090 Page 22 continued... THEAPULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. ANALYSIS OF NEfASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Fixed assets Current assets Current liabilities Long term liabiliti8S 1.986.716 597.394 (228.175) (12.010) 1,986.716 610.394 {228,175) (12,010) 1,992,927 454,716 (151,667) (19,905) 13.000 2,343.925 13.000 2,356,925 2,276,071 20. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Improvements to common room 2,233,639 99.786 10.500 2,333,425 10.500 2,233,639 110,286 2,343,925 Restricted funds Awards for all (digital data) Covered walkway Daycare - cooking equlpment Automatic Door 4.932 37.000 500 (4.932) (37.000) 500 12,500 12,500 42,432 (29.432) 13,000 TOTAL FUNDS 2,276,071 80,854 2.356.925 Net movement in funds, included In the abov& ar8 as follows.. Incomlng resources Resources expended Movement in funds Unrestrictèd funds General fund Improvements to common room 1,899,747 10,500 (1,799,961) 99.786 10,500 1,910,247 (1,799,961) 110,286 Rèstricted funds Awards for all (digital data) Covered walkway Automatic Door Decoration to Apuldrarn SL Houses (4,932) (37.000) (4.932) (37.000) 12,500 12,500 12,000 {12,000) 24.500 {53.932) (29.432) TOTAL FUNDS 1,934,747 (1,853,893) 80.854 Page 23 continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS - contlnued Comparatives for movement In fvnds N8t movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 2,283,477 149,838) 2,233,639 Restricted fundg Awards for all (digilal data) Covered walkway Daycare - cooking equipment 4,932 37,000 500 4,932 37,000 500 42.432 42.432 TOTAL FUNDS 2,283,477 (7.406) 2,276,071 Comparative net mov8ment Sn funds, Includ8d In the above are as follows: Incoming resources ReSoUr￿S expended Movement in funds Unrestricted funds General fund 1,674,621 (1,724,459) (49,838) Restricted funds Shower stretcher Awards for all (digital data) Covered walkway Daycare- cooking equipment 7,200 9,920 37,000 500 {7,200) (4,988) 4,932 37,000 500 54,620 (12,1881 42,432 TOTAL FUNDS 1.729,241 {1,736,6471 (7.406) Restricted Funds Funds were raised to be specifically used on the projects as listed above. Any unspent funds as at 31st March 2024 ar8 held with curront assets to be spent in the 2024125 finanaal year 21. CAPITAL COMMITMENTS As at 31 March 2024, the charitable company has contracted works for a new automatic door with Richard Jones Building Limited amounting to £12,500. As at 31 March 2023 thè charitablè company has contracted works for a glazed walkway with Richard Jones Building Limited amounting to £37.173 which were all completed in the current financial year. Page 24 continued... THE APULDRAM CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 22. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. 23. ULTIMATE CONTROLLING PARTY The charitsble company is not under the control of another entty or any one individual. 24. MATERIAL LEGACY Legacy income is ￿COgniSed as incoming resources when the charity has ￿CeIved the legacy. or when both the receipt and the amount can be reliably estimated and are considered probably. As of 31 March 2024, the charity had been notified of a legacy of £50.000 from the Estate of Norman Hiscock and the money was re￿IVed after Ihe year end. Pag8 25