Charity registration number SC020235 (Scotland)
Company registration number SC138083
LIVINGSTON HOMEREACH LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
LIVINGSTON HOMEREACH LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
D Haddow
J Haddow
Secretary
J Haddow
Charity number (Scotland)
SC020235
Company number
SC138083
Registered office
48 Muirfield Way
Deans
Livingston
West Lothian
Scotland
EH54 8EN
Independent examiner
Thyme Accounting & Tax Ltd
36 Angusfield Avenue
Aberdeen
AB15 6AQ
LIVINGSTON HOMEREACH LIMITED
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 14
LIVINGSTON HOMEREACH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 5 APRIL 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 5 April 2024.

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 Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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

The company's object and principal activity is to provide high quality supported accommodation to adults who have learning difficulties.

 

The company's overall aim is to ensure that those who use the service have a good quality of life and achieve as many of the things that are important to them as possible. Each service user has a person centred care plan, which assesses strengths and needs at an individual level. Support is then planned around the requirements of each person. This approach affirms and promotes diversity and the right of everyone to be recognised and valued as a unique individual.

 

Service users are provided with a full range of support in their daily lives - from domestic routine to personal relationships; from budgeting to health matters; from regular daytime activities to annual holidays abroad; from learning opportunities to social and recreational events.

 

Users of our service are charged for accommodation and support. The charge is largely met by West Lothian Council, with personal contributions from service users' state benefits.

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

Achievements and performance

We are pleased to have consistently achieved high grades in inspections carried out by The Care Inspectorate. This year residents enjoyed holidays in Lanzarote and Blackpool. We have also purchased a bungalow in close proximity to the main care home which we are fully renovating. Once complete, this will come under our existing care home registration and will allow us to offer two additional residential placements.

Financial review

The reserve fund represents the unrestricted funds arising from past operating results. The directors are satisfied that the balance of the fund approximates to at least three months operating expenditure which is required to ensure that the supported accommodation can be continued if funding is no longer available and to meet the contractual obligations to staff.

The trustees consider that this level will provide sufficient funds to ensure that support and governance costs are covered, the balance held as unrestricted funds at 5 April 2024 was £212,937, £354,462 are assets leaving a deficit of £141,525 after allowing for funds tied up in tangible fixed assets and investments. Actual 3 month cash payments totalled £58,448.

Plans for future periods

Our ongoing plan is to continue to provide the best quality of life for the people we support, as their individual needs change and develop. Our reputation locally as a provider of excellence is well established and it is our aim to maintain and build on this

LIVINGSTON HOMEREACH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 2 -
Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

 

Livingston Homereach Limited is a charitable company limited by guarantee governed by its Memorandum and Articles of Association dated April 1992. It is a recognised charity in Scotland. The management of the charity is the responsibility of the trustees who are also directors

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:

D Haddow
J Haddow

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

J Haddow
D Haddow
Trustee
Trustee
24 December 2024
LIVINGSTON HOMEREACH LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIVINGSTON HOMEREACH LIMITED
- 3 -

I report on the financial statements of the Charity for the year ended 5 April 2024, which are set out on pages 4 to 14.

Respective responsibilities of trustees and examiner

The Charity’s trustees, who are also the directors of Livingston Homereach Limited 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 Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my 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 my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

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

Wilma A Sim FCCA (non-practicing)
Thyme Accounting & Tax Ltd
36 Angusfield Avenue
Aberdeen
AB15 6AQ
Dated: 24 December 2024
LIVINGSTON HOMEREACH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
- 4 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
255,566
222,721
Other income
4
6,769
3,061
Total income
262,335
225,782
Expenditure on:
Charitable activities
5
250,457
196,314
Total expenditure
250,457
196,314
Net income and movement in funds
11,878
29,468
Reconciliation of funds:
Fund balances at 6 April 2023
201,059
171,591
Fund balances at 5 April 2024
212,937
201,059

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

LIVINGSTON HOMEREACH LIMITED
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
354,462
213,684
Current assets
Debtors
12
1,687
2,911
Cash at bank and in hand
57,172
70,154
58,859
73,065
Creditors: amounts falling due within one year
14
(18,548)
(10,999)
Net current assets
40,311
62,066
Total assets less current liabilities
394,773
275,750
Creditors: amounts falling due after more than one year
15
(181,836)
(74,691)
Net assets
212,937
201,059
The funds of the Charity
Unrestricted funds
16
212,937
201,059
212,937
201,059

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 5 April 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 December 2024
D Haddow
Trustee
Company registration number SC138083 (Scotland)
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 6 -
1
Accounting policies
Charity information

Livingston Homereach Limited is a private company limited by guarantee incorporated in Scotland. The registered office is 48 Muirfield Way, Deans, Livingston, West Lothian, EH54 8EN, Scotland.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), 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 Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income 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.
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
1
Accounting policies
(Continued)
- 7 -
1.5
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 are allocated on the portion of the asset’s use.

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
Not depreciated
Fixtures and fittings
Varying rates
Motor vehicles
25% Straight Line

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).

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.

LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
1
Accounting policies
(Continued)
- 8 -
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
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.

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.

LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 9 -
3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Grants
35,632
-
Donated goods and services
219,934
222,721
255,566
222,721
4
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Other income
6,769
3,061
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 10 -
5
Expenditure on charitable activities
2024
2023
£
£
Direct costs
Staff costs
168,329
147,797
Rent
(2)
-
Insurance
6,226
2,566
Light & heat
7,401
2,823
Telephone
881
798
Sundry
3,307
442
Repairs & maintenance
17,533
5,125
Food & cleaning
8,416
7,612
Food allowance
-
42
Holidays & outings
10,632
9,624
Training
789
306
Office costs
-
522
Motor expenses
8,315
2,565
231,827
180,222
Share of support and governance costs (see note 6)
Support
18,000
14,534
Governance
630
1,558
250,457
196,314
Analysis by fund
Unrestricted funds
250,457
196,314
6
Support costs allocated to activities
2024
2023
£
£
Basis of allocation
Depreciation
12,645
11,319
Loan interest
4,022
3,215
Governance costs
1,963
1,558
18,630
16,092
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
6
Support costs allocated to activities
(Continued)
- 11 -
2024
2023
Governance costs comprise:
£
£
Indpendent examiners
630
630
Subscriptions
1,333
928
1,963
1,558
7
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
12,645
11,320
Depreciation of tangibles: Total SOFA charge differs from BS notes by:
12,645
11,320
8
Trustees

None of the trustees (or any persons connected with them) received any benefits from the Charity during the year.

 

Trustees' Salaries        2024 £53,408 (202351,293)

Trustees' Social Security    2024 £2,022 (20232,022)

Trustees' Pension Paid    2024 £6,553 (2022:£5,775)

9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
4
4
Employment costs
2024
2023
£
£
Wages and salaries
152,960
134,494
Social security costs
3,380
4,571
Other pension costs
11,989
8,732
168,329
147,797
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
9
Employees
(Continued)
- 12 -
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

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

11
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 6 April 2023
189,277
38,866
32,450
260,593
Additions
147,261
6,163
-
153,424
At 5 April 2024
336,538
45,029
32,450
414,017
Depreciation and impairment
At 6 April 2023
-
35,417
11,493
46,910
Depreciation charged in the year
-
4,532
8,113
12,645
At 5 April 2024
-
39,949
19,606
59,555
Carrying amount
At 5 April 2024
336,538
5,080
12,844
354,462
At 5 April 2023
189,277
3,450
20,957
213,684
12
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2
1
Prepayments and accrued income
1,685
2,910
1,687
2,911
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 13 -
13
Loans and overdrafts
2024
2023
£
£
Bank loans
196,663
79,606
Payable within one year
14,827
4,915
Payable after one year
181,836
74,691
14
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
13
14,827
4,915
Other taxation and social security
3,091
3,447
Other creditors
-
371
Accruals and deferred income
630
2,266
18,548
10,999
15
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans
13
181,836
74,691
16
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 6 April 2023
Incoming resources
Resources expended
At 5 April 2024
£
£
£
£
General funds
201,059
262,335
(250,457)
212,937
Previous year:
At 6 April 2022
Incoming resources
Resources expended
At 5 April 2023
£
£
£
£
General funds
171,591
225,782
(196,314)
201,059
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 14 -
17
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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