Charity registration number SC020235 (Scotland)
Company registration number SC138083
LIVINGSTON HOMEREACH LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
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 Tax & Accountancy Limited
36 Angusfield Avenue
Aberdeen
Aberdeenshire
United Kingdom
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 - 15
LIVINGSTON HOMEREACH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 5 APRIL 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 5 April 2025.

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 objective and principal activity is to provide high quality supported accommodation to adults with learning disabilities. We also provide a separate range of valuable daytime activities to residents, supporting them with social, educational, physical and recreational opportunities.

 

The company's overall aim is to ensure that residents have a good quality of life and achieve as many of the things that are important to them as they are able. Person centered care planning and an acute awareness of the strengths and needs of each individual are key to the support that we provide. Our approach affirms and promotes diversity and the right of everyone to be recognised and valued as a unique individual.

 

Residents 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 outings, short breaks and longer holidays abroad; from learning opportunities to employment and volunteering.

 

Placement rates and daytime support hours are largely funded by the local authority; residents make personal contributions at a level deemed appropriate by an annual financial assessment.

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 have planned and booked a holiday to Tenerife for April 2025. Renovation works of a new satellite bungalow have been completed and we look forward to welcoming two new residents in the coming weeks / months.

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 2025 was £211,436, unrestricted funds available to spend as at year end are £10,637.

Plans for future periods

We aim to continue providing a high quality of care and support to our residents as their individual needs change and develop.

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

LIVINGSTON HOMEREACH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 2 -

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
15 May 2025
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 2025, which are set out on pages 4 to 15.

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.

Martin R Watt FCCA
Thyme Tax & Accountancy Limited
36 Angusfield Avenue
Aberdeen
Aberdeenshire
AB15 6AQ
United Kingdom
Dated: 15 May 2025
LIVINGSTON HOMEREACH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2025
- 4 -
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
2025
2025
2025
2024
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
3
255,099
37,127
292,226
255,566
Investments
4
88
-
88
-
Other income
5
5,168
-
5,168
6,769
Total income
260,355
37,127
297,482
262,335
Expenditure on:
Charitable activities
6
254,839
-
254,839
250,457
Total expenditure
254,839
-
254,839
250,457
Net income
5,516
37,127
42,643
11,878
Transfers between funds
(7,017)
7,017
-
-
Net movement in funds
8
(1,501)
44,144
42,643
11,878
Reconciliation of funds:
Fund balances at 6 April 2024
212,937
-
212,937
201,059
Fund balances at 5 April 2025
211,436
44,144
255,580
212,937

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 2025
05 April 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
463,436
354,462
Current assets
Debtors
13
5,419
1,687
Cash at bank and in hand
36,385
57,172
41,804
58,859
Creditors: amounts falling due within one year
15
(31,167)
(18,548)
Net current assets
10,637
40,311
Total assets less current liabilities
474,073
394,773
Creditors: amounts falling due after more than one year
16
(218,493)
(181,836)
Net assets
255,580
212,937
The funds of the Charity
Restricted income funds
17
44,144
-
Unrestricted funds
18
211,436
212,937
255,580
212,937

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 2025.

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 15 May 2025
D Haddow
Trustee
Company registration number SC138083 (Scotland)
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 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 2025
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 2025
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 2025
- 9 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Grants
-
37,127
37,127
35,632
-
35,632
Donated goods and services
255,099
-
255,099
219,934
-
219,934
255,099
37,127
292,226
255,566
-
255,566
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
88
-
5
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Net gain on disposal of tangible fixed assets
4,355
-
Other income
813
6,769
813
6,769
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 10 -
6
Expenditure on charitable activities
2025
2024
£
£
Direct costs
Staff costs
168,074
168,329
Insurance
4,486
6,226
Light & heat
2,509
7,401
Telephone
1,431
881
Sundry
5,035
3,305
Repairs & maintenance
17,494
17,533
Food & cleaning
8,653
8,416
Food allowance
65
-
Holidays & outings
10,892
10,632
Training
393
789
Motor expenses
12,164
8,315
231,196
231,827
Share of support and governance costs (see note 7)
Support
22,113
18,000
Governance
1,530
630
254,839
250,457
Analysis by fund
Unrestricted funds
254,839
250,457
7
Support costs allocated to activities
2025
2024
£
£
Basis of allocation
Depreciation
7,478
12,645
Bank Charges
154
-
Loan interest
12,998
4,022
Governance costs
3,012
1,963
23,642
18,630
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
7
Support costs allocated to activities
(Continued)
- 11 -
2025
2024
Governance costs comprise:
£
£
Legal and professional
895
-
Indpendent examiners
635
630
Subscriptions
1,482
1,333
3,012
1,963
8
Net movement in funds
2025
2024
£
£
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
7,478
12,645
Profit on disposal of tangible fixed assets
(4,355)
-
9
Trustees

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

Directors' Salaries     2025 £56,230 (202453,408)

Directors' Social Security    2025 £1,877 (20242,022)

Directors' Pension Paid    2025 £5,881 (20246,553)

10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
6
4
Employment costs
2025
2024
£
£
Wages and salaries
133,623
152,960
Social security costs
3,621
3,380
Other pension costs
30,830
11,989
168,074
168,329
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
10
Employees
(Continued)
- 12 -
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
Motor vehicles
Total
£
£
£
£
Cost
At 6 April 2024
336,538
45,030
32,450
414,018
Additions
71,882
5,148
52,265
129,295
Disposals
-
-
(32,450)
(32,450)
At 5 April 2025
408,420
50,178
52,265
510,863
Depreciation and impairment
At 6 April 2024
-
39,949
19,605
59,554
Depreciation charged in the year
-
4,660
2,818
7,478
Eliminated in respect of disposals
-
-
(19,605)
(19,605)
At 5 April 2025
-
44,609
2,818
47,427
Carrying amount
At 5 April 2025
408,420
5,569
49,447
463,436
At 5 April 2024
336,538
5,080
12,844
354,462
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2
2
Prepayments and accrued income
5,417
1,685
5,419
1,687
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 13 -
14
Loans and overdrafts
2025
2024
£
£
Bank loans
188,847
196,663
Other loans
7,083
-
195,930
196,663
Payable within one year
24,410
14,827
Payable after one year
171,520
181,836
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
14
17,327
14,827
Other borrowings
7,083
-
Other taxation and social security
2,731
3,091
Other creditors
3,396
-
Accruals and deferred income
630
630
31,167
18,548
16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
14
171,520
181,836
Other creditors
46,973
-
218,493
181,836
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 14 -
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 6 April 2024
Incoming resources
Transfers
At 5 April 2025
£
£
£
£
CARES Fund
-
28,068
-
28,068
Energy Trust Fund
-
9,059
7,017
16,076
-
37,127
7,017
44,144
18
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 2024
Incoming resources
Resources expended
Transfers
At 5 April 2025
£
£
£
£
£
General funds
212,937
260,355
(254,839)
(7,017)
211,436
Previous year:
At 6 April 2023
Incoming resources
Resources expended
Transfers
At 5 April 2024
£
£
£
£
£
General funds
201,059
262,335
(250,457)
-
212,937
19
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 5 April 2025:
Tangible assets
419,292
44,144
463,436
Current assets/(liabilities)
10,637
-
10,637
Long term liabilities
(218,493)
-
(218,493)
211,436
44,144
255,580
LIVINGSTON HOMEREACH LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
19
Analysis of net assets between funds
(Continued)
- 15 -
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 5 April 2024:
Tangible assets
354,462
-
354,462
Current assets/(liabilities)
40,311
-
40,311
Long term liabilities
(181,836)
-
(181,836)
212,937
-
212,937
20
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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