Charity registration number NIC100992
Company registration number NI028932 (Northern Ireland)
LAKELAND COMMUNITY CARE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
LAKELAND COMMUNITY CARE LIMITED
CONTENTS
Page
Charity Information
1
Trustees' report
2 - 9
Independent auditor's report
10 - 13
Statement of financial activities
14 - 15
Balance sheet
16
Statement of cash flows
17
Notes to the financial statements
18 - 31
LAKELAND COMMUNITY CARE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
- 1 -
Trustees
Mr Emmet McNulty (Chair)
Miss Margaret Gallagher MBE JP (Vice-Chair)
Dr Lucia A Maguire MB MRCGP
Mr Noel McAllister
Mrs Louise McLaughlin-Borlace
Mr Robert Gibson
Mr Roderick Farrell
(Appointed 30 May 2023)
Secretary
Mr Pat McGurn MBE
Charity number
NIC100992
Company number
NI028932
Registered office
1 Lattone Road
Belcoo
Fermanagh
BT93 5AQ
Auditor
Moore (NI) LLP
21-23 Clarendon Street
Derry-Londonderry
BT48 7EP
Bankers
Ulster Bank Limited
16 Darling Street
Enniskillen
Fermanagh
BT74 7ER
Solicitors
Cleaver Fulton Rankin
50 Bedford Street
Belfast
BT2 7FW
LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -

The trustees present their annual report and financial statements for the year ended 30 November 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Our charitable objects consist of:

 

Our charitable objects focus our work on helping those who are vulnerable and in need in our community. Our aim is to provide compassionate care services and wraparound supports, creating opportunities for our service users to lead the fullest of lives at home and in their local community.

 

We have 3 objectives:

 

1) Care – Caring ‘in’ our Community;

2) Community – Caring ‘for’ our Community; and

3) Collaboration – Reaching Out, Making Connections and Working in Partnership.

 

To deliver our objectives we provide domiciliary (home) care, day centre care and community services/programmes. Our domiciliary services include personal care, dementia support, mental health care, respite, high dependency and palliative end-of-life care. We provide care to individuals in their own homes in accordance with care plans drawn up by social workers from the local health and social services trust, assisting people to live independently with dignity, compassion and respect.

 

In our 5 Day Centres we run social engagement and activity programmes, as well as providing a range of care and support services. Our day centres aim to improve the quality of life of older people by providing practical assistance to help them be independent, as well as the opportunity to socialise with other people and make friends. Support services include hot meals, personal care, laundry, hairdressing and foot care.

 

We cater for a diverse client base supporting older people, those with long-term conditions, physical and learning disabilities and people with mental ill-health.

 

Our flagship Healthy Living Centre provides a variety of community health and well-being initiatives helping older people, families and vulnerable individuals in our community.

Our main activities include:

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -

Specific objectives for the year included:

 

Public Benefit

The Trustees confirm that they have complied with their duty under section 4(b) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland’s guidance on public benefit and that the public benefit requirement has informed the activities of the charity in the year.

 

Lakeland Community Care covered expenditure above that which they received funding for within the year. They did this through providing administrative services, covering additional expenditure on projects and through covering the cost of delivering meals within the local area during Covid 19. Some of the projects that they contributed towards include:

Statement of compliance with Charity Commission guidance

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
Achievements and performance

Thanks

We work with a wide range of organisations, and are very grateful to the following for their support during the past year:

Financial review

The charity's net outgoing resources for the year ended 30 November 2023 was £121,261 and the year end financial position amounted to total charity funds of £1,449,763. The trustees acknowledge the challenges of operating during the period with the continuing impact of the pandemic on operating, tightening of costs by the local health and social care trust and the increased cost of complying with legislation.

 

Our concerns for the future remain unchanged from those expressed in prior years, i.e. to maintain the levels of income against a background of ever-tightening cost controls imposed on us by the local health trust and dealing with increased levels of regulation and being able to absorb the associated costs relating thereto. Lakeland Community Care Limited is required to comply with certain minimum standards of care, provide high standards of training for its staff and undertake home audit visits to monitor the standard of care provided to clients against a background of real reductions in funding from our local health trust. From April 2008 the charity was required to register with the Regulation Quality Improvement Authority (RQIA).

 

The trustees are confident that the charity can continue to provide a good quality service to its clients and has sufficient reserves to allow it to adapt to the changing environment in domiciliary care.

 

The trustees are concerned at the level of costs incurred in providing day care facilities at the charity's day care centres in Belcoo, Derrygonnelly, Garrison, Newtownbutler and Teemore. The costs, including central overheads, exceed day care centre income. Our local health trust has signalled that they propose to reduce the number of day care places that they will fund; this despite our view that demand for day care provision remains high. Any reduction in the level of day care provision funded by our health trust will impact adversely on our finances in so far as central overheads will have to be absorbed by other activities undertaken by us hence the need for a fundraising strategy.

Reserves policy

As we are a charity whose principal aim is to provide facilities in the interest of social welfare and promotion of health, and also to set an example to others, we believe that we need a particularly transparent reserves policy.

 

In order to fulfil our responsibility to secure Lakeland Community Care Limited's viability beyond the immediate future and to protect the charity against serious disruption to its charitable work, we need to maintain sufficient reserves against future uncertainty, to absorb setbacks and to take advantage of change and opportunities in the long term.

 

To that purpose, our overall target is to have cash and liquid reserves to enable the company to continue to operate for a period of three to four months after the withdrawal of funding to enable a structured phasing out of services.

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -

In addition, in any one year we may earmark unrestricted funds for particular designated initiatives or purposes. The reasons for the setting up of such funds, the policy for any transfers between funds and the allocation to or from designated funds will be stated in the notes to the financial statements.

 

Our reserves policy will be reviewed at least annually to ensure that it reflects current and future needs, risks, opportunities and contingencies. Designated funds will be reviewed annually also.

Taxation status

The company is recognised as a charity by HM Revenue and Customs. Accordingly, the company is not considered to be liable to pay Corporation Tax.

Risk Management

Formal arrangements are in place for identifying all operational risks. This is done on an ongoing basis.

 

Although it is the responsibility of our chief executive officer to identify, monitor, mitigate and report operational risks, the process is facilitated by our finance management committee. The finance management committee's objective is to ensure that the trustees' risk appetite is reflected in everything the charity does. Areas of concern which are included in the Risk register are:

 

Other risks and uncertainties

The Trustees consider that the other principal risks and uncertainties going forward which may have a material impact on the charity's performance can be summarised as follows:

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
Plans for future periods

Implement our new Strategic Plan covering the period 2022-2030.

 

We are committed to delivering against our 3 Objectives (Care, Community & Collaboration) and our 5 Strategic Priorities (People, Services, Community, Organisation and Partnership) to achieve our ambitions, namely:

 

 

Changes to our Strategy, including new or additional activities, may be required in the future as we consider the implications of operational demands and our changing operating environment. There is currently a high level of uncertainty as the community/voluntary, public and private sectors consider the long-term impacts of the recent pandemic as part of recovery. Flexibility is thus embedded in the plan, to enable us to adapt our activities accordingly.

 

Specific areas of focus include:

 

Invest in our People

 

Invest in our Services

 

Invest in our Community

 

Invest in our Organisation

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 7 -

Invest in our Partnerships

Structure, governance and management

The charity is a company limited by guarantee and was set up in November 1994. It is governed by its memorandum and articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Emmet McNulty (Chair)
Miss Margaret Gallagher MBE JP (Vice-Chair)
Dr Lucia A Maguire MB MRCGP
Mr Noel McAllister
Mrs Louise McLaughlin-Borlace
Mr Robert Gibson
Mr Roderick Farrell
(Appointed 30 May 2023)
Recruitment and appointment of trustees

In accordance with the Articles of Association, Mr Noel McAllister, Dr Kathleen Sweeney, and Mrs Pamela Ferguson retire by rotation and, being eligible, offer themselves for re-appointment.

 

After consulting with local community associations, we advertise trustee vacancies. We are mindful when appointing new trustees of identifying gaps in the board of trustees in terms of skills, knowledge, gender etc. All existing trustees are consulted on the selection of a new trustee before appointments are finalised.

 

The charity is a company limited by guarantee having no share capital. The board confirm that there are no trustees' interests which require disclosure.

Our headquarters comprising our strategic and corporate functions with training suite is located in the Healthy Living Centre, 1 Lattone Road, Belcoo, Co Fermanagh.

 

From there we:

 

Our two administrative and community hubs are at Unit 4L, Lancer Buildings, Gortrush Industrial Estate, Omagh, and 3 Queen Street, Enniskillen.

 

A voluntary board of trustees is responsible for the overall management and direction of the charity. The board meets, at least, eleven times a year. A finance management committee meet on a quarterly basis and reports to the trustees. The finance management committee consists of the director of finance, the chief executive officer, the company secretary, the chairman and vice-chairman.

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 8 -
Organisational structure

Our Senior Management Team led by the Chief Executive drive the strategies and operational programmes as agreed by the Management Board.

 

Our Administration Team are responsible for providing administration support across 3 main functions: Care Coordination, Training/Quality Assurance and HR/Marketing.

 

Our Care Team comprises over 220 Carers providing care in the community and 14 Day Centre Carers, ranging in experience from Senior Carers to new recruits.

 

Our People

One of our key strategies is to develop exceptional, motivated staff. The charity's performance is a credit to all of our staff. Their determination, commitment and enthusiasm under the leadership of our chief executive officer in a year of extremely challenging working conditions and more latterly difficult recruitment conditions cannot be overstated. The trustees would like to take this opportunity of thanking them for their contribution.

 

Capital Project

The company acquired a site in Belcoo, Co Fermanagh and in March 2013 a property was built on the site and completed in February 2015. This property houses the company's administrative function and Healthy Living Project.

Statement of trustees' responsibilities

The trustees, who are also the directors of Lakeland Community Care Limited for the purpose of company law, are responsible for preparing the Trustees' Report 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Moore (NI) LLP be reappointed as auditor of the company will be put at a General Meeting.

LAKELAND COMMUNITY CARE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 9 -
Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Mr Emmet McNulty (Chair)
Dr Lucia A Maguire MB MRCGP
Trustee
Trustee
24 June 2024
LAKELAND COMMUNITY CARE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED
- 10 -

Opinion

We have audited the financial statements of Lakeland Community Care Limited (the ‘charity’) for the year ended 30 November 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United 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 30 November 2023 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 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 our audit:

-

the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

LAKELAND COMMUNITY CARE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED
- 11 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or 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 prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

 

Based on our understanding of the charitable company and its operating environment, we determined that the most significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework, (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006) of which non-compliance may have a material effect on the financial statements. Compliance with these laws and regulations was assessed as part of our procedures.

 

Other laws and regulations of which non-compliance may have a material effect on the financial statements, e.g. through fines or litigation, were identified as regulations in relation to employment law and provision of medical care services which are regulated by the RQIA. Our required procedures in these areas are limited to inquiry of trustees and other management and inspection of any regulatory or legal correspondence. These limited procedures did not identify any actual or suspected non-compliance.

LAKELAND COMMUNITY CARE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED
- 12 -

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override.

Audit response to risks identified

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures performed by the engagement team included:

 

We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 auditor's 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.

LAKELAND COMMUNITY CARE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LAKELAND COMMUNITY CARE LIMITED
- 13 -
John Love (Senior Statutory Auditor)
for and on behalf of Moore (NI) LLP
24 June 2024
Chartered Accountants
Statutory Auditor
21-23 Clarendon Street
Derry-Londonderry
BT48 7EP
LAKELAND COMMUNITY CARE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 14 -
Current financial year
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general
Designated
2023
2023
2023
2023
2022
Notes
£
£
£
£
£
Income from:
Donations and legacies
3
1,543
-
63,100
64,643
95,739
Charitable activities
4
4,701,476
-
-
4,701,476
4,782,944
Investments
5
13,580
-
-
13,580
869
Total income
4,716,599
-
63,100
4,779,699
4,879,552
Expenditure on:
Charitable activities
6
4,534,314
54,269
69,855
4,658,438
5,179,810
Total expenditure
4,534,314
54,269
69,855
4,658,438
5,179,810
Net income/(expenditure)
182,285
(54,269)
(6,755)
121,261
(300,258)
Transfers between funds
(8,968)
-
8,968
-
-
Net movement in funds
8
173,317
(54,269)
2,213
121,261
(300,258)
Reconciliation of funds:
Fund balances at 1 December 2022
389,859
932,618
6,025
1,328,502
1,628,760
Fund balances at 30 November 2023
563,176
878,349
8,238
1,449,763
1,328,502

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LAKELAND COMMUNITY CARE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 15 -
Prior financial year
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
Designated
2022
2022
2022
2022
Notes
£
£
£
£
Income from:
Donations and legacies
3
3,492
-
92,247
95,739
Charitable activities
4
4,782,944
-
-
4,782,944
Investments
5
869
-
-
869
Total income
4,787,305
-
92,247
4,879,552
Expenditure on:
Charitable activities
6
5,018,304
54,269
107,237
5,179,810
Total expenditure
5,018,304
54,269
107,237
5,179,810
Net income and movement in funds
(230,999)
(54,269)
(14,990)
(300,258)
Reconciliation of funds:
Fund balances at 1 December 2021
620,858
986,887
21,015
1,628,760
Fund balances at 30 November 2022
389,859
932,618
6,025
1,328,502
LAKELAND COMMUNITY CARE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 16 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
12
911,742
967,230
Current assets
Debtors
13
69,622
104,145
Cash at bank and in hand
935,210
742,435
1,004,832
846,580
Creditors: amounts falling due within one year
14
466,811
485,308
Net current assets
538,021
361,272
Net assets
1,449,763
1,328,502
The funds of the charity
Restricted income funds
17
8,238
6,025
Unrestricted funds - general
563,176
389,859
Unrestricted funds - Designated
18
878,349
932,618
1,449,763
1,328,502

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 24 June 2024
Mr Emmet McNulty (Chair)
Dr Lucia A Maguire MB MRCGP
Trustee
Trustee
Company registration number NI028932 (Northern Ireland)
LAKELAND COMMUNITY CARE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 17 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
23
183,778
(310,808)
Investing activities
Purchase of tangible fixed assets
(5,027)
(1,598)
Investment income received
13,580
869
Net cash generated from/(used in) investing activities
8,553
(729)
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
192,331
(311,537)
Cash and cash equivalents at beginning of year
742,435
1,053,972
Cash and cash equivalents at end of year
934,766
742,435
Relating to:
Cash at bank and in hand
935,210
742,435
Bank overdrafts included in creditors payable within one year
(444)
-
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 18 -
1
Accounting policies
Charity information

Lakeland Community Care Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 1 Lattone Road, Belcoo, Fermanagh, BT93 5AQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The charity reported a deficit in the previous financial period in the amount of £300,258, which resulted in a significant reduction in the charity's reserves. Initial forecasts prepared by the Trustees also indicate a shortfall in funding for the year ended 30 November 2023.

 

In light of this, the Trustees carried out a radical review of the business structure and the following decisions were taken to reduce costs:

 

As a result, the charity has reported net income in the amount of £121,261 for the year ended 30 November 2023. Budgets prepared for the year ended 30 November 2024 and actual results post year end to date indicate that the charity will report a net income position for the year ended 30 November 2025.

 

The Trustees continue to closely monitor financial performance, with management accounts reported to the Board on a monthly basis, including variance analysis between the budgets and actual results.

 

Based on the above, the Trustees have a reasonable expectation that the charity can improve its current financial position and that there will be adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

 

 

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 19 -
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions.

 

Income is recognised as earned as the related services or good are provided. Grant income included in this category provides funding to support projects and is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure on charitable activities compromises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives. Charitable activities will include the costs of governance arrangements to the general running of the charity.

 

Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods and services are supplied. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources. Staff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
4% Straight Line
Fixtures and fittings
20% Reducing Balance
Computers
20% Reducing Balance
Motor vehicles
20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 20 -
1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of 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 assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial 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 price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, 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 current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Taxation

The company is recognised as a charity by HM Revenue and Customs. Accordingly, the company is not considered to be liable to pay Corporation Tax.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 21 -
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
1,543
63,100
64,643
3,492
92,247
95,739
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 22 -
4
Income from charitable activities
Outreach
Day centre
Other services
Total
Outreach
Day centre
Other services
Total
2023
2023
2023
2023
2022
2022
2022
2022
£
£
£
£
£
£
£
£

WHSCT contract for services

4,398,803
193,656
-
4,592,459
4,457,907
186,800
-
4,644,707

Private care services

60,407
-
-
60,407
94,032
-
-
94,032

Day Centre services

-
22,292
-
22,292
-
24,272
-
24,272
Other income
-
-
26,318
26,318
-
-
19,933
19,933
4,459,210
215,948
26,318
4,701,476
4,551,939
211,072
19,933
4,782,944
Analysis by fund
Unrestricted funds - general
4,459,210
215,948
26,318
4,810,493
4,551,939
211,072
19,933
4,782,944
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 23 -
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
13,580
869
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 24 -
6
Expenditure on charitable activities
Outreach
Day centre
Other services
Total
Outreach
Day centre
Other services
Total
2023
2023
2023
2023
2022
2022
2022
2022
£
£
£
£
£
£
£
£
Direct costs
Staff costs
3,484,411
75,357
-
3,559,768
3,891,223
97,782
-
3,989,005

Carers Travel Costs

196,771
-
-
196,771
194,213
-
-
194,213

Day Centre - Travel Costs

-
28,777
-
28,777
-
42,378
-
42,378

Other operating costs

6,183
7,415
11,469
25,067
11,932
6,428
15,414
33,774

Protective Clothing

21,536
-
-
21,536
11,297
-
-
11,297

Meals & Food expenses

-
27,798
-
27,798
-
32,918
-
32,918

Rent

-
21,689
-
21,689
-
28,642
-
28,642
3,708,901
161,036
11,469
3,881,406
4,108,665
208,148
15,414
4,332,227
Share of support and governance costs (see note 7)
Support
599,706
112,444
37,482
749,632
672,307
126,057
42,019
840,383
Governance
21,920
4,110
1,370
27,400
5,760
1,080
360
7,200
4,330,527
277,590
50,321
4,658,438
4,786,732
335,285
57,793
5,179,810
Analysis by fund
Unrestricted funds - general
4,206,403
277,590
50,321
4,534,314
4,625,226
335,285
57,793
5,018,304
Unrestricted funds - Designated
54,269
-
-
54,269
54,269
-
-
54,269
Restricted funds
69,855
-
-
69,855
107,237
-
-
107,237
4,330,527
277,590
50,321
4,658,438
4,786,732
335,285
57,793
5,179,810
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 25 -
7
Support costs allocated to activities
2023
2022
£
£
Staff costs
416,294
508,382
Depreciation
60,515
65,434
Central premises costs
52,241
60,650
Central office costs
94,803
98,107
Consultancy support costs
15,852
57,050
Other staff costs
96,093
40,070
Other admin costs
13,834
10,690
Governance costs
27,400
7,200
777,032
847,583
Analysed between:
Outreach
621,626
678,067
Day centre
116,554
127,137
Other services
38,852
42,379
777,032
847,583
8
Net movement in funds
2023
2022
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
27,400
7,200
Depreciation of owned tangible fixed assets
60,515
65,434
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
218
228
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
10
Employees
(Continued)
- 26 -
Employment costs
2023
2022
£
£
Wages and salaries
3,906,220
4,413,899
Other pension costs
69,842
83,488
3,976,062
4,497,387
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2022
1,356,727
82,876
114,191
37,000
1,590,794
Additions
-
3,878
1,149
-
5,027
At 30 November 2023
1,356,727
86,754
115,340
37,000
1,595,821
Depreciation and impairment
At 1 December 2022
424,109
74,288
88,167
37,000
623,564
Depreciation charged in the year
54,269
1,212
5,034
-
60,515
At 30 November 2023
478,378
75,500
93,201
37,000
684,079
Carrying amount
At 30 November 2023
878,349
11,254
22,139
-
911,742
At 30 November 2022
932,618
8,587
26,025
-
967,230

Freehold land and buildings with a carrying amount of £878,349 (2022 - £932,618) have been pledged to secure borrowings of the charity. The charity is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

13
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
52,978
93,100
Other debtors
16,644
11,045
69,622
104,145
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 27 -
14
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Bank overdrafts
15
444
-
Other taxation and social security
48,305
61,962
Trade creditors
40,254
37,793
Accruals and deferred income
377,808
385,553
466,811
485,308
15
Loans and overdrafts
2023
2022
£
£
Bank overdrafts
444
-
Payable within one year
444
-
16
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
69,842
83,488

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 December 2022
Incoming resources
Resources expended
Transfers
At 30 November 2023
£
£
£
£
£
-
1,298
(1,201)
(97)
-
Independent Age
-
38,000
(37,636)
-
364
Education Authority
-
10,000
(9,983)
(17)
-
CLEAR
-
8,802
(4,340)
3,412
7,874
Arts Council for Northern Ireland
6,025
-
(6,695)
670
-
Fermanagh & Omagh District - Social Supermarket
-
5,000
(10,000)
5,000
-
6,025
63,100
(69,855)
8,968
8,238
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
17
Restricted funds
(Continued)
- 28 -
Previous year:
At 1 December 2021
Incoming resources
Resources expended
Transfers
At 30 November 2022
£
£
£
£
£
Fermanagh & Omagh District Council
-
11,887
(11,887)
-
-
The Executive Office - TBUC
-
9,043
(9,043)
-
-
Awards for All
10,000
-
(10,000)
-
-
Department of Health
3,800
9,600
(13,400)
-
-
Education Authority
3,872
-
(3,872)
-
-
The Executive Office - Central Good Relations Fund
3,343
5,397
(8,740)
-
-
Arts Council for Northern Ireland
-
6,025
-
-
6,025
Keep NI - Pollinator grant
-
3,731
(3,731)
-
-
WHSCT COVID Maternity Allowance
-
45,970
(45,970)
-
-
Windfarm grants
-
594
(594)
-
-
21,015
92,247
(107,237)
-
6,025

Nature of restricted reserves

 

Education Authority

Funding for the delivery of a summer scheme programme.

 

Arts Council NI

Funding for classes day centre clients

 

Fermanagh & Omagh District Council - Social Supermarket

Funding to offer a longer term and sustainable response to food poverty, through advice and education.

 

CLEAR

Funding to run sustainable health activities.

 

Independent Age

A wrap around support service for older people giving advice on healthy living grants, benefits and safety.

LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 29 -
18
Unrestricted funds - Designated

These are unrestricted funds which are material to the charity's activities.

At 1 December 2022
Resources expended
At 30 November 2023
£
£
£
Designated property assets fund
932,618
(54,269)
878,349
Previous year:
At 1 December 2021
Resources expended
At 30 November 2022
£
£
£
Designated property assets fund
986,887
(54,269)
932,618

This fund represents capital expenditure on property assets. The fund balance is equivalent to the depreciated historic cost of the asset. A sum equivalent to the depreciation charge on the assets will be allocated to the fund each year, in accordance with the depreciation policy, until it is fully amortised.

19
Analysis of net assets between funds
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2023
2023
2023
2023
£
£
£
£
Fund balances at 30 November 2023 are represented by:
Tangible assets
33,393
878,349
-
911,742
Current assets/(liabilities)
529,783
-
8,238
538,021
563,176
878,349
8,238
1,449,763
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2022
2022
2022
2022
£
£
£
£
Fund balances at 30 November 2022 are represented by:
Tangible assets
34,612
932,618
-
967,230
Current assets/(liabilities)
355,247
-
6,025
361,272
389,859
932,618
6,025
1,328,502
LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 30 -
20
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 December 2022
Incoming resources
Resources expended
Transfers
At 30 November 2023
£
£
£
£
£
General funds
389,859
4,716,599
(4,534,314)
(8,968)
563,176
Previous year:
At 1 December 2021
Incoming resources
Resources expended
Transfers
At 30 November 2022
£
£
£
£
£
General funds
620,858
4,787,305
(5,018,304)
-
389,859
21
Financial commitments, guarantees and contingent liabilities

The freehold premises were part funded by the European Agricultural Fund for Rural Development and the Department of Agriculture and Rural Development (DARD). Under the letter of offer, a debenture was taken out between Lakeland Community Care Limited and DARD, granting a charge of £250,000 to the latter over the property. The charge is intended to secure DARD's funding of the project. In the event that the company should dispose of the property within ten years from the date when the grant was released in 2014, DARD has the right to claw back the grant paid to the company.

22
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

23
Cash generated from operations
2023
2022
£
£
Surplus/(deficit) for the year
121,261
300,258
Adjustments for:
Investment income recognised in statement of financial activities
(13,580)
(869)
Depreciation and impairment of tangible fixed assets
60,515
65,434
Movements in working capital:
Decrease in debtors
34,523
6,384
(Decrease) in creditors
(18,941)
(81,499)
Cash generated from/(absorbed by) operations
183,778
(310,808)
24
Analysis of changes in net funds

The charity had no debt during the year.

LAKELAND COMMUNITY CARE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 31 -
25
Auditors' Ethical Standards

In common with many businesses of our size and nature, we use our auditors to assist with the compilation of the statutory financial statements.

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