Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31148025375405078040148028587384290327148014802023-04-01falseNo description of principal activity11102024-03-31 SC252797 2023-04-01 2024-03-31 SC252797 2022-04-01 2023-03-31 SC252797 2024-03-31 SC252797 2023-03-31 SC252797 2023-04-01 SC252797 2022-04-01 SC252797 c:CompanySecretary1 2023-04-01 2024-03-31 SC252797 c:RegisteredOffice 2023-04-01 2024-03-31 SC252797 d:Buildings 2023-04-01 2024-03-31 SC252797 d:Buildings 2024-03-31 SC252797 d:Buildings 2023-03-31 SC252797 d:MotorVehicles 2023-04-01 2024-03-31 SC252797 d:MotorVehicles 2024-03-31 SC252797 d:MotorVehicles 2023-03-31 SC252797 d:FurnitureFittings 2023-04-01 2024-03-31 SC252797 d:FurnitureFittings 2024-03-31 SC252797 d:FurnitureFittings 2023-03-31 SC252797 d:CurrentFinancialInstruments 2024-03-31 SC252797 d:CurrentFinancialInstruments 2023-03-31 SC252797 c:FRS102 2023-04-01 2024-03-31 SC252797 c:IndependentExaminationCharity 2023-04-01 2024-03-31 SC252797 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC252797 b:Trustee1 2023-04-01 2024-03-31 SC252797 b:Trustee2 2023-04-01 2024-03-31 SC252797 b:Trustee3 2023-04-01 2024-03-31 SC252797 b:Trustee4 2023-04-01 2024-03-31 SC252797 b:Trustee5 2023-04-01 2024-03-31 SC252797 b:Trustee6 2023-04-01 2024-03-31 SC252797 b:Trustee7 2023-04-01 2024-03-31 SC252797 b:Trustee8 2023-04-01 2024-03-31 SC252797 b:RestrictedIncomeFunds 2023-04-01 2024-03-31 SC252797 b:TotalEndowmentFunds 2023-04-01 2024-03-31 SC252797 b:TotalEndowmentFunds 2022-04-01 2023-03-31 SC252797 b:RestrictedIncomeFunds 2024-03-31 SC252797 b:RestrictedIncomeFunds 2023-03-31 SC252797 b:TotalEndowmentFunds 2024-03-31 SC252797 b:TotalEndowmentFunds 2023-03-31 SC252797 1 2023-04-01 2024-03-31 SC252797 1 2022-04-01 2023-03-31 SC252797 b:TotalEndowmentFunds 1 2023-04-01 2024-03-31 SC252797 b:Activity1 2023-04-01 2024-03-31 SC252797 b:Activity1 2022-04-01 2023-03-31 SC252797 b:Activity1 b:TotalEndowmentFunds 2023-04-01 2024-03-31 SC252797 b:TotalUnrestrictedFunds 2024-03-31 SC252797 b:TotalUnrestrictedFunds 2023-03-31 SC252797 b:TotalRestrictedIncomeFunds 2024-03-31 SC252797 b:TotalRestrictedIncomeFunds 2023-03-31 SC252797 c:FullAccounts 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SC252797
Charity number: SC011007















THE ADAM CENTRE
(A company limited by guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
THE ADAM CENTRE
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the company, its Trustees and advisers
1
Trustees' report
2 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9 - 21

 
THE ADAM CENTRE
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024



Trustees
Mrs A Reoch, Chair
Mr D May, Vice Chair (resigned 20 November 2023)
Mr J Paton (resigned 20 November 2023)
Mr A Moncur
Mr R N McQuistan (appointed 11 May 2023)
Ms J M Brown (appointed 1 June 2023)
Mr A W Middleton (appointed 20 November 2023)
Mrs P A Winton (appointed 18 March 2024)


Company registered number
SC252797

Charity registered number
SC011007

Registered office
Warrack Terrace
Montrose
Angus
DD10 8RX

Company secretary
Ms J M Brown

Accountants
EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ

Page 1

 
THE ADAM CENTRE
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the The Adam Centre for the  1 April 2023 to 31 March 2024The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The principal objects of the charity are:
(a) to promote the welfare of and meet the needs of older people by the provision and maintenance of day facilities, having regard to and conforming with the policies and relevant service specifications laid down by Angus Council; and
(b) to meet the needs of older people who are frail and vulnerable, by providing the means to maintain self-confidence and self-esteem, thereby improving their condition of life while remaining in the community.
 

b. Activities undertaken to achieve objectives
 

We have worked to improve our marketing to both potential service users and referrers (local authority and private); a new website is up and running; and associated marketing materials have been developed for distribution. Through our new website it is hoped that the people of Montrose, and the surrounding area, will become better informed about what is on offer at The Adam Centre and clearly understand how to access our services.
Additionally, the Board has agreed to investigate and initiate a new service provision to enhance the offering The Adam Centre provides to the community.
 

Page 2

 
THE ADAM CENTRE
 
(A company limited by guarantee)
 
Achievements and performance
 

a. Review of activities
 

Service User numbers have been maintained at the previous year’s level, despite issues around continued concerns over COVID, reduced referrals from local authorities, and an increase in in the proportion of service users with early dementia being referred to The Adam Centre. 
All staff mandatory training is kept up to date, and extra dementia training has been undertaken to ensure we are equipped with the increased challenges this brings. 
We have had a difficult year with long term sick leave, which required us to review both our administrative and IT structure, and our HR Support Service provision. 
This year staff have been involved in facilitated team improvement events, with these being planned to continue biannually, providing time for members of staff to be part of any new developments within the Centre. 
Replacement IT systems have been installed.
The Board agreed to install solar panels to reduce costs and enhance sustainability.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence subject to the above.  For this reason, they continue to adopt the going concern basis in preparing the financial statements.  Further details regarding the adoption of the going concern basis can be found in the accounting policies..
 

b. Reserves policy
 

The Reserves amounted to £1,430,109 which includes £796,307 of Fixed Assets. The balance of £633,802 is liquid reserves of which £75,000 is being set aside for replacement vehicles and £11,480 for the social fund.
The Trustees consider the main area of risk is the continuation of funding from Angus Council.
 

Structure, governance and management
 

a. Constitution
 

The charity, which is a recognised charity in Scotland, is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 16/07/2003. The registered charity number is SC011007.
 

b. Methods of appointment or election of Trustees
 

The management of the charity is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association.
Trustees are drawn from the local community and are generally known to existing trustees and have shown a particular interest in the charity or have skills/experience which would contribute to the running of the Centre.
 

Page 3

 
THE ADAM CENTRE
 
(A company limited by guarantee)
 
Structure, governance and management (continued)

c. Organisational structure and decision-making policies
 

The Adam Centre is under the supervision of the Trustees, none of whom are remunerated.  The Adam Centre is registered with the Care Commission and as such, is liable to inspection.  The relevant Report is available from the Care Commission.
Throughout this year the Trustees continued working to offer a varied program of entertainments/outings, as well as maintaining a high standard of daily personal care, meals and activities.  Volunteers are occasionally used and are involved with the directors in fund-raising activities. 
The Trustees meet regularly and the Manager reports to this meeting.  A Budget is prepared annually and Actual income and expenditure is compared to budget.  Decisions are made by a majority vote at the Trustees Meeting.
 

d. Financial risk management
 

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

















 
 

Page 4

 
THE ADAM CENTRE
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the company for the purposes 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees and signed on their behalf by:




Mrs A Reoch
Chair

Date: 19 August 2024

Page 5

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024

Independent examiner's report to the Trustees of The Adam Centre
 
We report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 7 to 21.

Respective responsibilities of Trustees and examiner

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is our responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to our attention.

Basis of independent examiner's statement

Our examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In the course of our examination, no matter has come to our attention:

1.
which gives us reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

2.
to which, in our opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.


This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006Our work has been undertaken so that we might state to the company's Trustees those matters we are required to state to them in an Independent examiner'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 company and the company's Trustees as a body, for our work or for this report.


Signed: Angela Haig      Dated: 20 August 2024

Angela Haig     CA ATA

EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
Page 6

 
THE ADAM CENTRE
 
(A company limited by guarantee)


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024


Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £
        £

Income from:







Donations and legacies

3

-

457,456

457,456

503,162
 
Charitable activities

4

-

15,685

15,685

10,105
 
Investments

5

-

6,212

6,212

994
 
Total income
-
479,353
479,353
514,261
Expenditure on:







Charitable activities

6

-

318,754

318,754

294,995
 
Total expenditure
-
318,754
318,754
294,995

Net movement in funds
  
-
160,599
160,599
219,266

Reconciliation of funds:

  





Total funds brought forward

  

740

1,268,770

1,269,510

1,050,244
 
Net movement in funds

  

-

160,599

160,599

219,266
 
Total funds carried forward
  
740
1,429,369
1,430,109
1,269,510

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 21 form part of these financial statements.

Page 7

 
THE ADAM CENTRE
 
(A company limited by guarantee)
REGISTERED NUMBER: SC252797


 
BALANCE SHEET
AS AT 31 MARCH 2024


2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 11 
796,307
808,383

  
796,307
808,383

Current assets
  

Debtors
 12 
3,517
2,888

Cash at bank and in hand
  
654,130
471,253

  
657,647
474,141

Creditors: amounts falling due within one year
 13 
(23,845)
(13,014)

Net current assets 
  
 
 
633,802
 
 
461,127

Total assets less current liabilities
  
1,430,109
1,269,510

Total net assets 
  
1,430,109
1,269,510


Charity funds
  

Restricted funds
 14 
740
740

Unrestricted funds
 14 
1,429,369
1,268,770

Total funds
  
1,430,109
1,269,510

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:


Mr R N McQuistan 
(Trustee)

Date: 19 August 2024


The notes on pages 9 to 21 form part of these financial statements.

Page 8

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Adam Centre is a charitable company, limited by guarantee, incorporated in Scotland with the registration number SC252797. The charity is registered with OSCR charitable number SC011007. The registered office is Warrack Terrace, Montrose, Angus, DD10 8RX.
The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Adam Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
 

Page 9

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

 
2.4

Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Property
-
Not depreciated
Motor vehicles
-
25%
Fixtures and fittings
-
25%

Depreciation has not been charged on the property, as the residual value of the asset is not materially different from the carrying amount. The property is maintained to a high standard and is unlikely to decrease in value from the original cost.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

  
2.5

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.  Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.6

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges

  
2.8

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.9

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

  
2.10

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 11

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.

Income from donations and legacies




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
 


 
Donations

22,707

22,707

17,747
 
Legacies

185,802

185,802

245,000
 
Grants

246,417

246,417

237,294
 
Other incoming resources

2,530

2,530

3,121
 


457,456
457,456
503,162
Total 2023


503,162
503,162




4.

Income from charitable activities




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Self directive fees

15,685

15,685

10,105
 
Total 2023


10,105
10,105


5.

Investment income




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Bank interest

6,212

6,212

994
 
Total 2023


994
994


Page 12

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.

Analysis of expenditure on charitable activities


Summary by fund type




Unrestricted funds
2024
Total
2024
Total
2023
        £
        £
        £




Day care centre

318,754

318,754

294,995
 
Total 2023


294,995
294,995


7.

Analysis of expenditure by activities





Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





Day care centre

256,137

62,617

318,754

294,995
 
Total 2023


225,900
69,095
294,995


Page 13

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.Analysis of expenditure by activities (continued)

Analysis of direct costs



Total
funds
2024
Total
funds
2023
        £
        £



Provisions and lunches

9,315

7,276
 
Rent and rates

1,261

1,659
 
Insurance

2,004

1,654
 
Heat and light

6,416

4,577
 
Telephone

1,371

1,612
 
Cleaning

6,309

6,468
 
Printing,stationary and postage

2,258

1,158
 
Repairs and maintenance

3,168

3,855
 
Motor expenses

6,310

5,874
 
Registration fees

1,912

1,913
 
Computer expenses

980

3,573
 
Staff costs

189,695

163,708
 
Staff training

1,753

747
 
Sundry expenses

3,306

2,278
 
Social fund costs

6,543

5,203
 
Bank charges

371

314
 
Depreciation less profit on disposal

13,165

14,031
 


256,137
225,900

Analysis of support costs



Page 14

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Total
funds
2024
Total
funds
2023
        £
        £



Staff costs

47,313

46,735
 
Rent and rates

576

585
 
Heat and light

1,187

808
 
Cleaning

1,114

1,141
 
Printing,stationary and postage

1,210

924
 
Registration fees

215

131
 
Audit and accountancy fees

4,068

12,414
 
Legal and professional fees

6,934

6,357
 


62,617
69,095


8.

Independent examiner's remuneration

2024
2023
£
£

Fees payable to the company's independent examiner for the independent examination of the company's annual accounts
3,000
9,600

Fees payable to the company's independent examiner in respect of:

All other services not included above
1,068
2,814


9.



Staff costs


2024
2023
£
£


Wages and salaries
217,784
191,680

Social security costs
10,559
8,103

Contribution to defined contribution pension schemes
8,665
10,660

237,008
210,443

Page 15

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.Staff costs (continued)

The average number of persons employed by the company during the year was as follows:


2024
2023

No.
No.


11
10

No employee received remuneration amounting to more than £60,000 in either year.





10.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).


11.


Tangible fixed assets




Property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£


Cost or valuation

At 1 April 2023
756,819
87,840
75,377
920,036

Additions
-
-
1,089
1,089


At 31 March 2024

756,819
87,840
76,466
921,125


Depreciation

At 1 April 2023
-
50,026
61,627
111,653

Charge for the year
-
9,454
3,711
13,165


At 31 March 2024

-
59,480
65,338
124,818


Net book value


At 31 March 2024
756,819
28,360
11,128
796,307


At 31 March 2023
756,819
37,814
13,750
808,383

Page 16

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.



Debtors


2024
2023
£
£


Due within one year

Other debtors
1,422
1,368

Prepayments and accrued income
2,095
1,520

3,517
2,888


13.



Creditors: Amounts falling due within one year


2024
2023
£
£


Other creditors
3,837
3,414

Accruals and deferred income
20,008
9,600

23,845
13,014

2024
2023
£
£


Resources deferred during the year
20,008
-

Page 17

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

14.

Statement of funds


Statement of funds - current year

Balance at 1 April 2023
£
Income
£
Expenditure
£
Balance at 31 March 2024
£

Unrestricted funds





Designated funds






Minibus fund

75,000

-

-

75,000
 
Social fund

8,485

9,538

(6,543)

11,480
 



83,485
9,538
(6,543)
86,480

General funds






General Funds 

1,185,285

469,815

(312,211)

1,342,889
 
Total Unrestricted funds




1,268,770

479,353

(318,754)

1,429,369

Restricted funds






Computer equipment fund

740

-

-

740
 

The restricted funds consist of a grant received to fund the purchase of Tablets for the services users. 

Total of funds


1,269,510
479,353
(318,754)
1,430,109

Page 18

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

14.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 April 2022
£
Income
£
Expenditure
£
Balance at
31 March 2023
£

Unrestricted funds





Designated funds






Minibus fund

75,000

-

-

75,000
 
Social fund

-

13,688

(5,203)

8,485
 



75,000
13,688
(5,203)
83,485

General funds






General Funds 

974,504

500,573

(289,792)

1,185,285
 
Total Unrestricted funds




1,049,504

514,261

(294,995)

1,268,770


Restricted funds






Restricted Funds - all funds

740

-

-

740
 


Total of funds


1,050,244
514,261
(294,995)
1,269,510


15.

Summary of funds


Summary of funds - current year

Balance at 1 April 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 31 March 2024
£
 
Designated funds

83,485

9,538

(6,543)

86,480
 
General funds

1,185,285

469,815

(312,211)

1,342,889
 
Restricted funds

740

-

-

740
 


1,269,510
479,353
(318,754)
1,430,109

Page 19

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

15.

Summary of funds (continued)


Summary of funds - prior year

Balance at
1 April 2022
£
 
Income
£
 
Expenditure
£
 
Balance at
31 March 2023
£
 
Designated funds

75,000

13,688

(5,203)

83,485
 
General funds

974,504

500,573

(289,792)

1,185,285
 
Restricted funds

740

-

-

740
 


1,050,244
514,261
(294,995)
1,269,510


16.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
        £
        £
        £



Tangible fixed assets

-

796,307

796,307

Current assets

740

656,907

657,647

Creditors due within one year

-

(23,845)

(23,845)

Total 


740
1,429,369
1,430,109



Analysis of net assets between funds - prior period

Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
        £
        £
        £



Tangible fixed assets

-

808,383

808,383

Current assets

740

473,401

474,141

Creditors due within one year

-

(13,014)

(13,014)

Total 

740
1,268,770
1,269,510

Page 20

 
THE ADAM CENTRE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

17.


Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £8,665 (2023 - £10,660). Contributions outstanding to the fund at the balance sheet date were £696 (2023 - £258) and are included in creditors.

Page 21