Alarm, the public risk management association 05279328 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is to assist, advise and represent public sector organisations in the promotion, development and delivery of integrated risk management Digita Accounts Production Advanced 6.30.9574.0 true 05279328 2023-01-01 2023-12-31 05279328 2023-12-31 05279328 core:RetainedEarningsAccumulatedLosses 2023-12-31 05279328 core:CurrentFinancialInstruments 2023-12-31 05279328 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05279328 bus:SmallEntities 2023-01-01 2023-12-31 05279328 bus:Audited 2023-01-01 2023-12-31 05279328 bus:FullAccounts 2023-01-01 2023-12-31 05279328 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05279328 bus:RegisteredOffice 2023-01-01 2023-12-31 05279328 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 05279328 bus:Director10 2023-01-01 2023-12-31 05279328 bus:Director11 2023-01-01 2023-12-31 05279328 bus:Director3 2023-01-01 2023-12-31 05279328 bus:Director5 2023-01-01 2023-12-31 05279328 bus:Director7 2023-01-01 2023-12-31 05279328 bus:Director9 2023-01-01 2023-12-31 05279328 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 05279328 core:FurnitureFittings 2023-01-01 2023-12-31 05279328 countries:EnglandWales 2023-01-01 2023-12-31 05279328 2022-01-01 2022-12-31 05279328 2022-12-31 05279328 core:RetainedEarningsAccumulatedLosses 2022-12-31 05279328 core:CurrentFinancialInstruments 2022-12-31 05279328 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05279328

Alarm, the public risk management association

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Alarm, the public risk management association
(Registration number: 05279328)

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 8

 

Alarm, the public risk management association
(Registration number: 05279328)

Company Information

Directors

P Andrews

M Knowlton-Rayner

J L Cooper

K E Locke

W Rigby

C Walker

A T Buseri

Company secretary

P Andrews

Registered office

Unit B Ullysses Park
Heron Road
Exeter
Devon
EX2 7PH

Auditors

Thompson Jenner LLP
Senior Statutory Auditor
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Alarm, the public risk management association
(Registration number: 05279328)

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors 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 and in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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.

 

Alarm, the public risk management association
(Registration number: 05279328)

Balance Sheet as at 31 December 2023

Note

2023
 £

2022
 £

Fixed assets

 

Other financial assets

4

619,646

545,271

Current assets

 

Debtors

5

87,956

153,778

Cash at bank and in hand

 

508,754

511,622

 

596,710

665,400

Creditors: Amounts falling due within one year

6

(170,570)

(230,066)

Net current assets

 

426,140

435,334

Total assets less current liabilities

 

1,045,786

980,605

Provisions for liabilities

(12,118)

(7,489)

Net assets

 

1,033,668

973,116

Capital and reserves

 

Profit and loss account

1,033,668

973,116

Total equity

 

1,033,668

973,116

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 April 2024 and signed on its behalf by:
 

.........................................
K E Locke
Director

 

Alarm, the public risk management association
(Registration number: 05279328)

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Unit B Ullysses Park
Heron Road
Exeter
Devon
EX2 7PH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 April 2024 was Mr David Tucker, who signed for and on behalf of Thompson Jenner LLP.

Revenue recognition

Turnover represents the total invoice value, net of value added tax, in respect of membership fees, conference income, sponsorship and income generated by the regions and derives from the provision of services falling within the company's ordinary activities. Revenue is recognised upon agreement with the member, upon signing of a sponsorship agreement or on a booking confirmation received from a member and is deferred where appropriate to recognise in the accounting period in which the services are rendered.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Alarm, the public risk management association
(Registration number: 05279328)

Notes to the Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Alarm, the public risk management association
(Registration number: 05279328)

Notes to the Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

 

Alarm, the public risk management association
(Registration number: 05279328)

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

545,271

545,271

Fair value adjustments

21,562

21,562

Additions

157,111

157,111

Disposals

(104,298)

(104,298)

At 31 December 2023

619,646

619,646

5

Debtors

2023
£

2022
£

Trade debtors

63,081

133,689

Prepayments and accrued income

24,875

20,089

Total current trade and other debtors

87,956

153,778

6

Creditors

2023
 £

2022
 £

Due within one year

Trade creditors

10,496

4,262

Taxation and social security

76,718

31,570

Other creditors

2,313

336

Accruals and deferred income

81,043

193,898

170,570

230,066

 

Alarm, the public risk management association
(Registration number: 05279328)

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Financial instruments

Financial assets measured at fair value

Listed investments
The fair values of the assets and liabilities held at fair value through profit and loss at the balance sheet date are determined using quoted prices.

The fair value is £619,646 (2022 - £545,270) and the change in value included in profit or loss is £22,939 (2022 - £54,093).

Items of income, expense, gains or losses

2023

Income
£

Expense
£

Net gains
£

Net losses
£

Financial assets measured at fair value through profit or loss

13,572

10,751

22,939

-

2022

Income
£

Expense
£

Net gains
£

Net losses
£

Financial assets measured at fair value through profit or loss

11,512

11,041

-

54,093