**REGISTERED COMPANY NUMBER: 02390067 (England and Wales) REGISTERED CHARITY NUMBER: 802198**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **INDEPENDENT LIVING ALTERNATIVES**
Macalvins Limited Chartered Accountants and Statutory Auditors 7 St John's Road
Harrow Middlesex HA1 2EY
**INDEPENDENT LIVING ALTERNATIVES**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Report of the Independent Auditors**|5|to|7|
|**Statement of Financial Activities**||8||
|**Balance Sheet**||9||
|**Cash Flow Statement**||10||
|**Notes to the Cash Flow Statement**||11||
|**Notes to the Financial Statements**|12|to|18|
|**Detailed Statement of Financial Activities**||19||
## **INDEPENDENT LIVING ALTERNATIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The report has been prepared to meet the requirements for a directors' report for the purposes of the Companies Act 2006.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charitable objectives of Independent Living Alternatives are the relief of need, hardship or distress of Disabled People and the dependents and families of such people in particular but not exclusively who are resident in the London Area in particular but not exclusively in the following ways: (I) by providing counselling and advice; (II) by providing facilities and equipment; and (III) by providing voluntary help.
## **Principal activities**
Independent Living Alternatives ("ILA") is a self-financed social enterprise using grant funding to develop and support new initiatives and is financed by the fees charged for service provision. These fees are met primarily by social services as a Direct Payment under the Community Care Act and through Continuing Care NHS Personal Health Budgets as well as Department of Work and Pensions - Access to Work and self-funders.
The principal activities and role of the Company, throughout the year were as follows.
## **The role of Independent Living Alternatives**
Independent Living Alternatives ("ILA") is a user-controlled organisation promoting the right of disabled people to live independently primarily in the London area.
- ILA provides a comprehensive range of personal assistance services: personal assistance is the term used to define the self-directed care necessary for disabled people to live independently.
- ILA aims to enable people who need personal assistance, to be able to live independently in the community and take full control of their lives and thereby have individuality and spontaneity.
- ILA provides personal assistance either by directly providing the personal assistance or by enabling individuals to employ their own personal assistants.
- ILA also provides personal assistants in the workplace, to people visiting London on holiday and for conferences and events across London.
ILA provides an online training resource aimed at both disabled people and workers: Personal Assistance Training From Carer to Personal Assistant. The training explores the skills required for personal assistance and the key differences between traditional models of care and personal assistance.
Personal Assistance Café is an online resource for personal assistance users and personal assistants to explore issues of common interest to independent living. It is a space to ask questions and to share common experience with other personal assistance users or to seek different approaches to the issues that are faced by all personal assistance users.
ILA works with 43 personal assistance users on a regular basis and has over 200 disabled people registered with the organisation. There are 100 people registered to work as personal assistants.
## **Public benefit**
Independent Living Alternatives meets the definition of a public benefit entity under FRS 102.
The Trustees have had regard to the Charity Commission's guidance on public benefit.
Page 1
**INDEPENDENT LIVING ALTERNATIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENT AND PERFORMANCE**
During the year to 31 March 2024 Independent Living Alternatives continued to provide a comprehensive range of personal assistance services to a number of users to help them live independently in the community and take full control of their lives and thereby have individuality and spontaneity.
In total the charity provided personal assistance services to 89 personal assistance users, including 43 regular users.
The charity continues to offer an online training resource aimed at both disabled people and workers, and continues to operate the Personal Assistance Café as an online resource for personal assistance users and personal assistants.
## **FINANCIAL REVIEW**
## **Financial summary**
The organisation ensures full cost recovery from each placement and has a fee structure reflective of the costs of service and is fundamental for the organisation's survival.
The principal source of funding is from social services as a Direct Payment under the Community Care Act and through Continuing Care NHS Personal Health Budgets as well as Department of Work and Pensions - Access to Work and self-funders.
Incoming resources for the year ended 31 March 2024 were recorded at £1,475,194 (2023: £1,300,041).
Expenditure for the year ended 31 March 2024 was recorded at £1,413,654 (2023: £1,275,966).
Net income for the year ended 31 March 2024 was recorded at £63,902 (2023 £24,939)
Net assets at 31 March 2024 were recorded at £300,344 (2023 £236,442).
## **Fund balances**
As at 31 March 2024 the charity held unrestricted funds of £300,344 (2023: £236,442).
There were no restricted funds at 31 March 2024 (2023: Nil).
Included within unrestricted funds at 31 March 2024 were cash balances of £159,764 (2023: £140,203 ).
## **Overall financial position**
The Management Committee consider that the current financial position is satisfactory and that sufficient funds are available to meet the legal and financial obligations of the organisation.
## **Reserves policy**
Independent Living Alternatives aims to hold in reserve the equivalent of six months' administration salaries and operating costs.
## **FUTURE PLANS**
The Management Committee has no plans for the foreseeable future to make any substantial changes to the charity's objectives and it is the intention of the Committee to continue operating as in previous years.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 30th May 1989 and registered as a charity on 7th November 1989. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Article of Association. In event of the company being wound up members are required to contribute an amount not exceeding £1.
## **Recruitment and appointment of new trustees**
The Trustees of Independent Living Alternatives are appointed by the members of the organisation every year at the annual general meeting in accordance with the Charity's constitution. The Trustees of Independent Living Alternatives are appointed on their knowledge and experience in the field of independent living. All Trustees undertake appropriate training relevant to their position on the board.
## **Organisational structure**
The governance of Independent Living Alternatives is undertaken by a Management Committee, which meets every three months with provisions to hold extraordinary meetings if required. Day-to-day management of the organisation is undertaken by a Director (28 hours). ILA also a full-time PA Services Co-ordinator (28 hours), a Recruitment Officer (20 hours) and a PA Officer (14 hours).
Page 2
**INDEPENDENT LIVING ALTERNATIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties**
None of the Trustees receive remuneration or other benefits from their work with the Independent Living Alternatives.
There were no Trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Risk management**
The Trustees are responsible for establishing and monitoring internal control systems within the Charity. The major risks which may impact the activities of the Charity have been reviewed during the year and the Trustees are satisfied that the system of internal controls currently in place is adequate, whilst recognising that they are designed to manage rather than eliminate risk. Internal controls are reviewed on an ongoing basis as part of the day-to-day risk management process within the Charity.
Independent Living Alternatives has regular monthly commitments for property rental payments and employee salaries that cannot be missed. This leaves Independent Living Alternatives as a small organisation vulnerable to bad debtors and late payments. Independent Living Alternatives' main income is from local authority social services departments, primary care trusts and from individuals in receipt of direct payments. Independent Living Alternatives also receives income from organisations spot purchasing personal assistance.
Furthermore, as a small organisation with a number of key employees, Independent Living Alternatives is vulnerable to long term sick commitments and the cost of agency fill-in for those periods.
Independent Living Alternatives has considered the risks associated with its operations and the Management Committee has resolved to work towards increasing the level of reserves.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
02390067 (England and Wales)
**Registered Charity number** 802198
## **Registered office**
Solar House 915 High Road London N12 8QJ
## **Trustees**
S B Walls G Pepper Ms M Daley Miss S Elsegood S E Ford A Kashmiri M Smith S V Sodha (appointed 12.7.2023) A H Landre (appointed 12.12.2023))
## **Company Secretary**
S B Walls
**Senior Statutory Auditor** Shailesh V Patel
## **Auditors**
Macalvins Limited Chartered Accountants and Statutory Auditors 7 St John's Road Harrow Middlesex HA1 2EY
Page 3
**INDEPENDENT LIVING ALTERNATIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS Bankers**
Unity Trust Bank Plc Nine Brindley Place 4 Oozells Square Birmingham B1 2HB
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Independent Living Alternatives for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper 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 other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Macalvins Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
27 January 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................. Ms M Daley - Trustee
Page 4
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INDEPENDENT LIVING ALTERNATIVES**
## **Opinion**
We have audited the financial statements of Independent Living Alternatives (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 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 work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 5
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INDEPENDENT LIVING ALTERNATIVES**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue 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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.
These matters were discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 6
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INDEPENDENT LIVING ALTERNATIVES**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Shailesh V Patel (Senior Statutory Auditor) for and on behalf of Macalvins Limited Chartered Accountants and Statutory Auditors 7 St John's Road Harrow Middlesex HA1 2EY
Date: ............................................. 28 January 2025
Page 7
## **INDEPENDENT LIVING ALTERNATIVES**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Charitable activities
2
Investment income
3
**Total**
**EXPENDITURE ON**
Charitable activities
4
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
1,475,194
2,362
1,477,556
1,374,971
38,683
1,413,654
63,902
236,442
300,344|Restricted
fund
£
-
-
-
-
-
-
-
-
-|31.3.24
Total
funds
£
1,475,194
2,362
1,477,556
1,374,971
38,683
1,413,654
63,902
236,442
300,344|31.3.23
Total
funds
£
1,300,041
864|
|---|---|---|---|---|
|||||1,300,905|
|||||1,250,435
25,531|
|||||1,275,966|
|||||24,939
211,503|
|||||236,442|
The notes form part of these financial statements
Page 8
## **INDEPENDENT LIVING ALTERNATIVES**
## **BALANCE SHEET 31 MARCH 2024**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
10
2,572
**CURRENT ASSETS**
Debtors
11
197,306
Cash at bank and in hand
159,764
357,070
**CREDITORS**
Amounts falling due within one year
12
(59,298)
**NET CURRENT ASSETS**
297,772
**TOTAL ASSETS LESS CURRENT LIABILITIES**
300,344
**NET ASSETS**
300,344
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
10
2,572
**CURRENT ASSETS**
Debtors
11
197,306
Cash at bank and in hand
159,764
357,070
**CREDITORS**
Amounts falling due within one year
12
(59,298)
**NET CURRENT ASSETS**
297,772
**TOTAL ASSETS LESS CURRENT LIABILITIES**
300,344
**NET ASSETS**
300,344
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-|31.3.24
Total
funds
£
2,572
197,306
159,764
357,070
(59,298)
297,772
300,344
300,344|31.3.23
Total
funds
£
2,721
131,849
140,203
272,052
(38,331)
233,721
236,442
236,442
236,442
236,442|
|---|---|---|---|---|
||||300,344
300,344||
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
27 January 2025 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Daley - Trustee
The notes form part of these financial statements
Page 9
## **INDEPENDENT LIVING ALTERNATIVES**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning of**
**the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|31.3.24
£
17,658
17,658
(459)
2,362
1,903
19,561
140,203
159,764|31.3.23
£
26,733
26,733
(3,008)
864
(2,144)
24,589
115,614
140,203|
|---|---|---|
The notes form part of these financial statements
Page 10
## **INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|**Net income for the reporting period (as per the Statement of Financial Activities)**|63,902|24,939|
|**Adjustments for:**|||
|Depreciation charges|608|680|
|Interest received|(2,362)|(864)|
|Increase in debtors|(65,457)|(4,562)|
|Increase in creditors|20,967|6,540|
|**Net cash provided by operations**|17,658|26,733|
## **2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.4.23|Cash flow|At 31.3.24|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|140,203|19,561|159,764|
||140,203|19,561|159,764|
|**Total**|140,203|19,561|159,764|
The notes form part of these financial statements
Page 11
**INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest £.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery 20% reducing balance - Computer equipment 20% reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives 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 purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Government grants**
Government grants are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised as income in the period in which it becomes receivable.
continued...
Page 12
## **INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. INCOME AND ENDOWMENTS**
|Charitable activities
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**EXPENDITURE**
**Charitable activities**
Staff costs
Rent, rates and water
Insurance
Telephone and IT
Postage and stationery
Sundries
Staff training
Advertising
Staff travelling - ILA
Literature and promotions
Professional fees
Volunteer expenses
Bank charges
Subscription
Staff accommodation
Staff Travelling - PA
Depreciation
**5.**
**SUPPORT COSTS**
Auditors' remuneration
Accountancy and legal fees||31.3.24
£
1,475,194
31.3.24
£
2,362
31.3.24
£
1,231,787
39,375
7,903
10,730
598
3,624
5,441
3,510
1,653
-
17,684
-
348
445
47,069
4,196
608
1,374,971
31.3.24
£
12,252
26,431
38,683||31.3.23
£
1,300,041
31.3.23
£
864
31.3.23
£
1,154,704
27,540
4,170
5,572
322
757
517
6,387
1,929
35
14,915
32,573
334
-
-
-
680
1,250,435
31.3.23
£
11,565
13,966
25,531|
|---|---|---|---|---|
||||||
continued...
Page 13
**INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **6. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|Auditors' remuneration|12,252|11,565|
|Depreciation - owned assets|608|680|
|Accountancy fees payable to auditor|26,431|13,966|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
During the year, a number of trustees utilized the charity's services and paid fees to the value of £293,389 (2023: £438,651)
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **8. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|31.3.24
£
1,129,709
84,741
17,337
1,231,787|31.3.23
£
1,058,550
79,336
16,818|
|---|---|---|
|||25,531|
Included in above costs is the cost of administrative staff is as below:
|Wages and salaries
Social security costs
Other pension costs|31.3.24
£
113,340
9,374
2,268
124,982|
|---|---|
The average monthly number of employees during the year was as follows:
||31.3.24|31.3.23|
|---|---|---|
|Administration|5|3|
|Personal assistants|59|57|
|Volunteers|-|2|
||64|62|
No employees received emoluments in excess of £60,000.
continued...
Page 14
## **INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Charitable activities
1,300,041
Investment income
864
**Total**
1,300,905
**EXPENDITURE ON**
Charitable activities
1,250,435
Other
25,531
**Total**
1,275,966
**NET INCOME**
24,939
**RECONCILIATION OF FUNDS**
Total funds brought forward
211,503
**TOTAL FUNDS CARRIED FORWARD**
236,442
**10.**
**TANGIBLE FIXED ASSETS**
Plant and
machinery
£
**COST**
At 1 April 2023
10,173
Additions
-
At 31 March 2024
10,173
**DEPRECIATION**
At 1 April 2023
9,489
Charge for year
137
At 31 March 2024
9,626
**NET BOOK VALUE**
At 31 March 2024
547
At 31 March 2023
684|Restricted
fund
£
-
-
-
-
-
-
-
-
-
Computer
equipment
£
10,935
459
11,394
8,898
471
9,369
2,025
2,037|Total
funds
£
1,300,041
864|Total
funds
£
1,300,041
864|
|---|---|---|---|
|||1,300,905||
|||1,250,435
25,531||
|||1,275,966||
||||24,939
211,503|
||||236,442|
||||Totals
£
21,108
459
21,567
18,387
608
18,995
2,572
2,721|
continued...
Page 15
## **INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
|**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Pension payable
Accrued expenses
**13.**
**LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as
Within one year
**14.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|follows:
At 1.4.23
£
236,442
236,442
Incoming
resources
£
1,477,556
1,477,556|31.3.24
£
184,084
4,296
8,926
197,306
31.3.24
£
16,989
12,469
-
4,325
25,515
59,298
31.3.24
£
-
Net
movement
in funds
£
63,902
63,902
Resources
expended
£
(1,413,654)
(1,413,654)|31.3.23
£
120,242
4,056
7,551
131,849
31.3.23
£
-
18,335
5,296
3,032
11,668
38,331
31.3.23
£
8,328
At
31.3.24
£
300,344
300,344
Movement
in funds
£
63,902
63,902|
|---|---|---|---|
continued...
Page 16
**INDEPENDENT LIVING ALTERNATIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **14. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.4.22
£
**Unrestricted funds**
General fund
211,503
**TOTAL FUNDS**
211,503
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
1,300,905
**TOTAL FUNDS**
1,300,905
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.22
£
**Unrestricted funds**
General fund
211,503
**TOTAL FUNDS**
211,503|Net
movement
in funds
£
24,939
24,939
Resources
expended
£
(1,275,966)
(1,275,966)
Net
movement
in funds
£
88,841
88,841|At
31.3.23
£
236,442
236,442
Movement
in funds
£
24,939
24,939
At
31.3.24
£
300,344
300,344|
|---|---|---|
||||
||||
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
2,778,461
2,778,461|Resources
expended
£
(2,689,620)
(2,689,620)|Movement
in funds
£
88,841
88,841|
|---|---|---|---|
continued...
Page 17
**INDEPENDENT LIVING ALTERNATIVES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024 (2023: None).
Page 18
## **INDEPENDENT LIVING ALTERNATIVES**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Fees
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages & Salaries
Social security
Pension costs
Rent, rates and water
Insurance
Telephone and IT
Postage and stationery
Sundries
Staff training
Advertising
Staff travelling - ILA
Literature and promotions
Professional fees
Volunteer expenses
Bank charges
Subscription
Staff accommodation
Staff Travelling - PA
Plant and machinery
Computer equipment
**Support costs**
**Governance costs**
Auditors' remuneration
Accountancy and legal fees
Total resources expended
**Net income**|31.3.24
£
1,475,194
2,362
1,477,556
1,129,709
84,741
17,337
39,375
7,903
10,730
598
3,624
5,441
3,510
1,653
-
17,684
-
348
445
47,069
4,196
137
471
1,374,971
12,252
26,431
38,683
1,413,654
63,902|31.3.23
£
1,300,041
864|
|---|---|---|
|||1,300,905
1,058,550
79,336
16,818
27,540
4,170
5,572
322
757
517
6,387
1,929
35
14,915
32,573
334
-
-
-
171
509|
|||1,250,435
11,565
13,966|
|||25,531|
|||1,275,966|
|||24,939|
This page does not form part of the statutory financial statements
Page 19