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The Amicus Community Arundel Limited
Company Information
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The Amicus Community Arundel Limited
Contents
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The Amicus Community Arundel Limited
Strategic Report
For the Year Ended 30 September 2024
The Amicus Community Arundel Limited (‘Amicus’) is an established independent organisation which is a children’s therapeutic community accredited by The Royal College of Psychiatrists providing therapeutic residential care and specialist education to vulnerable and traumatised children. Amicus was established in 2004. Amicus’ practice is underpinned by Therapeutic Community principles and we actively promote these principles both internally and externally to the organisation. Our psychoanalytic model encompasses the therapeutic community ethos, group work and group relations theory bases which inform and are an important factor in our working and clinical practices.
At Amicus we have three therapeutic residential homes and a separate DfES SEN School. We offer a specialised care, education and treatment programme for vulnerable and traumatised children from the ages of 4 up to 16 years old, with us accepting children on admission between the ages of 4 to 11 years old. Amicus are registered to take up to five children in two of our homes and four in our other home. Our school is now registered to take up to 36 children. All the children in our residential homes are in 52-week placements and also attend The Amicus School. There are 22 placements in our school for day pupils. Our day pupils come from a mixture of backgrounds and may be living with their birth families, foster carers or adoptive parents, but all have a background of trauma and a primary need of SEMH. All children attending our school will have an EHCP in place or in progress when they arrive. Children coming to our homes and school are referred from social services, health and education departments throughout the country and are admitted in accordance with the Children Act (1989) and Care Standards Act 2000 and also Amicus’ Admissions Policy. The organisational primary task of Amicus is: “We work with children who have been seriously traumatised by their early environments to such an extent that their corresponding behaviour is unmanageable in ordinary homes and schools. The task is to provide a highly supervised and planned environment that integrates residential care and education and is underpinned by a rigorous therapeutic model and understanding. The aim is to help children understand the impact of their pasts and corresponding behaviours and feelings. Enabling them to manage healthy relationships, through which they can achieve the trust and self-esteem essential for their eventual reintegration into the community.” All three households and the school are interconnected as a therapeutic community. We aim to facilitate opportunities where all parts of the community regularly come together, helping the children develop the capacities to work and play in groups essential for their future familial, social and educational success. Being part of, and learning to live within, the larger group can often bring out important emotional issues for the children that may otherwise remain hidden. It can also help them understand that they are not alone and isolated, a feeling common amongst many children experiencing emotional difficulties. The homes are situated in ordinary neighbourhoods, becoming, where appropriate, part of their life and routines. The children are therefore able to share and benefit from the relationships, amenities and expertise it has to offer. This will remove some of the feelings of exclusion that are often ingrained in vulnerable and traumatised children and will add to the process of gradual integration. Over the last year we have continued to increase our staff numbers and have implemented new roles to accommodate our growth. Our material change request to the DofE to increase numbers in our school was granted. This took our registration from 28 to 36 children, meaning we were able to offer 8 more places to day pupils. We are carefully considering referrals for children in both the homes and school ensuring through our assessment process that children are a good match for the current child group and our provision and are working to ensure placement vacancies are filled in a planned and considered way.
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The Amicus Community Arundel Limited
Strategic Report (continued)
For the Year Ended 30 September 2024
The Directors are aware of the company’s direction and matters of strategic importance, principal risks and uncertainties. They are supported in their thinking and decision making by the Amicus Advisory Board and external Consultants who provide good governance.
The Directors meet weekly to discuss matters of strategic and clinical importance. Sessions are held monthly with external consultants who support the Directors. The Advisory Board meets termly. Amicus has no Board of Governors or trustees, but has appointed an Advisory Board to assist in governance and strategic direction. Members of the Advisory board have been appointed due to their vast experience and expertise in their field, this includes the areas of Safeguarding, Health & Safety, Strategic Development/Leadership, Finance and Education. The Board expanded in 2024 to welcome another member whose specialist area is social care and regulations. Regular meetings and monitoring equips the Directors and Senior Leadership Team with the advice and consultation from the Advisory Board with the benefit of being able to manage current and potential future risks that may impact on the organisation’s operations and ability to grow and develop. The KPIs that Amicus uses to measure its performance include Ofsted gradings of our homes and school, achievement of Community of Communities (Royal College of Psychiatrists) accreditation, measuring the experience and outcomes of children’s journeys with us, and overall financial performance. Management of the organisation and execution of its strategy are subject to a range of risks. In the opinion of the Directors, management of the following key risks and uncertainties is strategically important to the organisation and its interests. Financial Risk Management: As with any children’s service reliant on government funding, a key organisational risk and uncertainty relates to the continued provision of government funding. At Amicus we believe we offer a quality highly specialised service which represents good value for money long term. Although we are a specialist provision we offer a stable placement for children (minimum term of three years) with the focus on early intervention and the aim that when a child is ready to transition on from Amicus, that this will lead to more sustainable and successful placements and futures for the children who will have begun to work through some of their experiences and trauma and corresponding attachment difficulties. In the long term this is beneficial as it will hopefully lead to less placement breakdowns and use of additional services. Our placement fees are carefully considered and were increased over this last year to cover inflation and rising salary costs, while continuing to provide good value for money in terms of the support, therapeutic input, and outcomes we achieve with the children. Our fees are inclusive of all our therapeutic input with no additional extras. Our accreditations and therapeutic model provide reassurance that we deliver specialist high quality therapeutic care, education and nurture to those children who require our services. We aim to maintain good collaborative working relationships with the local authorities that we work with. Due to our specialism, we take referrals for children residentially all over the UK and for our day pupils across the three closest counties. This also ensures we have some financial stability in terms of where our income comes from rather than being heavily reliant on just one local authority. Liquidity Risk: The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business. Interest Rate Risk: The Directors’ work closely with debt providers to ensure that the company obtains competitive rates of interest. Credit Risk: Cash surpluses and borrowings are made through banks and companies which must fulfil credit rating criteria approved by the board.
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The Amicus Community Arundel Limited
Strategic Report (continued)
For the Year Ended 30 September 2024
Operational Risks – Mitigation: The Amicus Community operates in a highly regulated sector for both residential care and education. We are therefore exposed to compliance and regulatory risk as well as reputational risk. We are regulated by Ofsted for our homes and school and also undergo a yearly peer review and three yearly accreditation by The Royal College of Psychiatrists. This ensures that we meet the relevant regulations and also the core standards for therapeutic and clinical practice. We manage the risks by regularly monitoring our practices and looking at ways we can constantly review and develop our services and learn and reflect from our challenges and experiences. We also listen to the feedback and experiences of others, children, parents/carers, staff and network professionals to help us further improve and ensure we offer the best possible experiences and outcomes for the children in our care. If any requirements or recommendations result from regulatory inspections, then these form part of our Action Plans and part of the Homes/School Development and Improvement Plan which has a clear focus and timescales to achieve areas for development. We believe we deliver a high level of care and education and have a supportive, vigilant, and responsive management team and a rigorous staff selection and safer recruitment process to ensure we employ the right people for our vacant positions. We have strong quality assurance and management processes. Amicus also provides spaces for reflective practice embedded throughout our working practices and ingrained within the culture of the organisation and we believe therefore this risk is well mitigated. Staff Team: The Amicus Community really values its employees in the various roles they have across the organisation. Amicus has a rigorous recruitment process and roles are very clearly defined. Staff training, development, support and wellbeing is deemed as being really important in order to ensure we deliver high quality services to our children and in aiding staff retention and having high staff satisfaction. There is a clear induction process for all staff and a package of support, which provides individual Line Management Supervision and Clinical Supervision spaces. Regular Group Process and Clinical Discussion Groups also offer further opportunities for learning and development and opportunities to reflect on practice. There is a clear training programme for staff which consists of mandatory training as well as therapeutic training both internally through Amicus and also externally through our professional network. Staff also have yearly appraisals with clear areas of strengths and areas for development in their practice identified and a plan around this. We try to ensure that there are opportunities for staff to also grow and progress in their roles at Amicus and to ensure we utilise staff skills and interests within the work. This, alongside us offering a competitive pay and benefits package, we believe aids staff retention. In 2025/2026 we will continue to develop our training offering and work towards producing our own accredited training and continue to work in collaboration with our local university on research projects and expanding our practice in this area. Staff recruitment and retention had been challenging, however with the implementation of our Staffing Strategy and the recruitment of a new role of HR and Recruitment Manager, this has seen staffing levels and recruitment stabilise and staff feeling well supported. We continue to listen to staff feedback and experiences and ensure staff are well supported and wellbeing is taken into account and highly valued. We have over this last year developed and enhanced our employment package including pay, conditions and benefits for staff after consultation with our employees. We continue to keep this under review, ensuring we are seen as a good employer and organisation to work for.
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The Amicus Community Arundel Limited
Strategic Report (continued)
For the Year Ended 30 September 2024
Safeguarding: One of the other areas that the Directors consider to be a principal risk is that of Safeguarding and the potential for a failure in safeguarding due to the vulnerable and traumatised children who are placed with Amicus. Any safeguarding issue involving a child who is in the care of Amicus (whether the organisation is at fault or not), has the potential to damage the reputation of the organisation and have an impact on our operational running. In order to mitigate this risk at Amicus and to also take concerns raised seriously, we have our own internal Safeguarding Team. All of the members of our Safeguarding Team ensure they are up to date with their level three safeguarding training as well as having specialist training to Designated Safeguarding Lead ('DSL') level which is regularly refreshed. The role of DSL is very clear and there is a separate job description alongside their main role. Having a safeguarding team rather than one or two assigned people holding the role of DSL ensures that there can be healthier discussion and challenge with regards to any safeguarding issues/concerns and that decisions can be made as a team and with the wider network and referred to external agencies where required. It also ensures there is good cover when people are absent from work (for example through sickness, training or annual leave). A member of the Safeguarding Team is always on-call to the whole organisation 24/7 as a second tier of consultancy; this is done on a rolling rota basis. They are able to provide a source of support and advice to managers and those who are on-call and it also means that any safeguarding issues are dealt with promptly, relevant notification is made within timescales and appropriate action can be taken. The Safeguarding Team is also able to consult with the organisation’s Clinical Director (who is also the RI and School Proprietor). Amicus also have a rigorous recruitment process. All staff undergo an enhanced DBS with at least two references from previous employers, including last employer, plus a character reference. Employment history is checked and verified and reasons for leaving clarified. Applicants undergo a formal interview and also a separate Warner (Safeguarding) Interview to explore and reflect on the applicant’s reason for wanting to work with children. The Warner Interview is carried out by a member of the Safeguarding Team. The applicant then spends time in and around staff and children they would be working with and the staff and children then feedback, and this is considered by the recruitment panel before making a decision. All staff have continuing professional development in the area of safeguarding and undertake training to at least level three in all roles and this is regularly refreshed. Staff also undertake additional training in PREVENT, online safety and safer recruitment where appropriate and required in their roles. All staff have a good understanding of Amicus' safeguarding policies and procedures and ensure this is implemented in their practice. Safeguarding is a static agenda point in staff supervision spaces and meetings to reflect on practices, raise any concerns and to test knowledge. We ensure that as an organisation we comply with our own safeguarding policies and procedures and regulatory requirements and keep up to date with safeguarding legislation and training. It is recognised that due to their previous trauma some of children at Amicus may make allegations (current and historical). These are managed within our Allegation Policy and the child is always taken seriously and listened to and heard. Relevant notifications are made within timescales and appropriate action is taken where required. Amicus have a good working relationships with the Local Authority Designated Officer ('LADO') and children’s Social Workers and regularly meet to discuss areas of safeguarding.
This report was approved by the board and signed on its behalf.
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The Amicus Community Arundel Limited
Directors' Report
For the Year Ended 30 September 2024
The directors present their report and the financial statements for the year ended 30 September 2024.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments 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 to enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
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The Amicus Community Arundel Limited
Directors' Report (continued)
For the Year Ended 30 September 2024
This year represented a settled period of ensuring our third home was fully established and that placement vacancies were filled with suitable children who were felt to benefit from and require our therapeutic input. This was achieved with, at one point, all 5 vacancies filled in our newest home. We had one of our long term children come to the end of her journey with us in the Summer of 2024 after 7 years at Amicus and another child also leave earlier than we anticipated in our newest home. All moves were in a very planned and considered way ensuring a smooth transition for the children. During this last period we also increased our registration of child placements in our school from 28 to 36 children. This has created 8 more day pupil placements that we are slowly filling and are receiving a healthy number of referrals from local authorities for children who require a therapeutic placement in a provision like Amicus. In order to accommodate this growth, Amicus developed the school site with a new Classroom block, providing the school with an additional 3 larger classrooms, a quiet room and a shower block. There were delays with planning, regulations, various surveys and additional works that needed to be carried out which prevented the new facilities from being used when hoped, but this was finally able to be utilised in the new academic year from September 2024.
Turnover in the year increased principally due to the additional day pupil placements in the year which, following the completed building works to the infrastructure of the school and being granted the material change to increase capacity, enabled the day pupil capacity to increase from 14 to 22 children. Day pupil enrolment at Amicus continues to grow and we feel confident all current vacancies for day pupils will be filled by Summer 2025. It is essential that admission of children is not rushed and is staggered, and the impact of the ‘beginnings’ considered for all children. At the end of September 2024, we had 3 residential placement vacancies (one in each home). We are seeing local authorities looking to keep children within their county, therefore we are more reliant on our neighbouring local authorities. However, we are sought after for more specialised out of county placements. We continue to maintain and further develop our relationships with local authorities and are keeping them informed of our placement vacancies. We do receive a lot of referrals each day, however the majority of children do not meet our admission criteria. We have also carried out Assessment Visits on potential children and felt that they would either not be suitable or receptive to our therapeutic model, not be a good match to our current child group, or that we would not be able to meet their needs. We maintain our rigorous assessment process ensuring we carefully consider the children coming to Amicus. We are optimistic we can successfully fill the remaining residential placements in 2025. The Company continued to invest significantly in the resources provided to the children; this included a new classroom block which is equipped with interactive white boards and learning resources. We also continue to invest in our staff, increasing staffing to facilitate the growth whilst also enhancing employee benefits. The homes and school are maintained to a high standard and we ensure they have the equipment and resources required, with the aim of improving the learning and care experiences and outcomes of the children attending Amicus. There continues to be a significant increase in operational costs during the year as a result of the growth and educational placements that have been created. There is a significant lead time between putting in place required staffing levels and generating any income from additional placement capacity. Recruitment of high quality candidates has improved over this year and, although there was still a significant amount of additional agency costs, this has begun to be greatly reduced, since the year end, with permanent staff being recruited into vacant roles. As a result, we are less dependent on agency staff than in the previous year and have developed our staff teams and also our bank worker team. The increase in operating costs was exacerbated by the continued high level of inflation existing during the year and the increase in the Bank Base rate, which increased from 2.25% to 5.25% during the year. The Company made bank loan repayments in the year of £189,544 (2023 - £611,332). Details of the outstanding loan can be found in note 17 to the accounts.
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The Amicus Community Arundel Limited
Directors' Report (continued)
For the Year Ended 30 September 2024
The profit for the year, after taxation, amounted to £1,158,180 (2023 - £405,775).
The directors who served during the year were:
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The Amicus Community Arundel Limited
Directors' Report (continued)
For the Year Ended 30 September 2024
The Company continues to re-invest heavily in improving the facilities and services it has to offer.
Through 2024 until September 2024, work was on-going on developing our school site further, creating another classroom block next to the existing main school. This has provided another 3 larger classrooms, a ‘quiet room', toilets and a separate shower. There were some delays outside of our control relating to surveys and planning, but the new classroom block finally opened in September 2024. This new building has provided further space for the children in their education activities and helped to enhance their experiences and outcomes. With this additional space we made a Material Change request to DfE to increase our pupil number from 28 to 36 and following an inspection this request was granted. There are several larger projects planned for 2025 in terms of developing the school site. This includes the installation of a soak away and rain garden that is connected to the new classroom block; this was part of the planning conditions and will be completed in Spring 2025. We are also securing the boundary around the school with acoustic wooden fencing, which also benefits our adjoining neighbours and demonstrates our consideration of the potential increased noise levels as a result of our school growth. This has been booked in for February half term 2025. The floor surfacing at the front of the class room buildings will also be replaced with hard wearing astroturf. This will replace a patchy grass and quite muddy area, giving the children more space and safe ground to play on. This is due to be carried out in the Summer holidays of 2025. In line with Amicus’ development in the intake of day students we are aware of the complexities of working with the families and carers of the children and the support, guidance and signposting they often need. Therefore we continue to develop our outreach provision and family work and in 2024 we created and recruited for a new role of Families and Network Practitioner, who will play an important part in liaising and working with our families and their wider network. We successfully recruited someone for this role and their employment commenced in January 2025. Amicus are also developing and expanding their Therapies and Network Department. In 2024 this meant the development and consolidating of current roles and structure. A Therapeutic Service Co-Ordinator role is being recruited and this vacancy will be filled in 2025. A part time Psychotherapist is also being recruited in 2025 who will work alongside our two other established Psychoanalytic Child and Adolescent Child Psychotherapists, increasing our formal psychotherapy offering and input. As part of the development of this department, Amicus are making links with other professionals such as Speech and Language Therapists, Occupational Therapists and Educational Psychologists to expand on our therapies offering and to work in collaboration with us when required. In Summer 2024 we commenced out first Leavers Gathering event for children who have transitioned on from Amicus. This was a big success and we are going to be facilitating this annually. There are also some new events planned for 2025 – a Professionals event and also a parents/carers event. This will be an opportunity for these groups to come to Amicus and hear more about our work, particular topics and areas related to the children we look after. Amicus is also setting up a ‘Friends of Amicus’ Alumni group for staff and professionals/consultants who were involved with or worked for the organisation to stay in touch with Amicus. All these events will help strengthen our relationships and connections with the professional network, parents/carers and the wider community and enable us to showcase our work and continuing relationships. We continue to work on developing our own accredited therapeutic training for staff, which will incorporate the mandatory Level 3 Diploma that care staff need to undertake. We are currently making links with external agencies and universities to plan how we can facilitate this and the training content within this course and how this would be delivered. We have identified several external therapeutic organisations and consultants who are interested in being a part of this project and can provide support through advice and guidance. We would like to offer this course up to Foundation Degree Level which would be available for all our staff, with the option for them to take this further. This would further embed and teach about our therapeutic model and theory base to which we work and, once established, we would look to also deliver this course externally to those working or interested in working with traumatised children or who are interested in developing their therapeutic practice.
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The Amicus Community Arundel Limited
Directors' Report (continued)
For the Year Ended 30 September 2024
As part of our future plans, Amicus continue to develop in the area of research, both internally and also as part of external research projects. We are proud to be collaborating with a local University Psychology department in this, with the first research project coming to an end and data and evidence being analyzed and reflected on, which will later be published. Amicus are ensuring that research becomes ingrained into our practices within various roles, demonstrating our commitment to research and development and our contribution to this.
In accordance with s414C(11) of the Companies Act 2006, the information relating to financial instruments and financial risk management is included in the Strategic Report.
The Company registered for VAT after the balance sheet date. Please refer to note 23 for further information.
The auditor, Lewis Brownlee (Chichester) Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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The Amicus Community Arundel Limited
Independent Auditors' Report to the Members of The Amicus Community Arundel Limited
We have audited the financial statements of The Amicus Community Arundel Limited (the 'Company') for the year ended 30 September 2024, which comprise the Statement of Income and Retained Earnings, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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The Amicus Community Arundel Limited
Independent Auditors' Report to the Members of The Amicus Community Arundel Limited (continued)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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The Amicus Community Arundel Limited
Independent Auditors' Report to the Members of The Amicus Community Arundel Limited (continued)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including legislation such as the Companies Act 2006, taxation legislation and applicable child safeguarding regulations; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence, where applicable; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors, where applicable. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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The Amicus Community Arundel Limited
Independent Auditors' Report to the Members of The Amicus Community Arundel Limited (continued)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Appledram Barns
Birdham Road
West Sussex
PO20 7EQ
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The Amicus Community Arundel Limited
Statement of Income and Retained Earnings
For the Year Ended 30 September 2024
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The Amicus Community Arundel Limited
Registered number: 05014407
Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 30 form part of these financial statements.
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The Amicus Community Arundel Limited
Statement of Cash Flows
For the Year Ended 30 September 2024
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The Amicus Community Arundel Limited
Analysis of Net Debt
For the Year Ended 30 September 2024
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
The Company is a private company limited by share capital incorporated in England and Wales. The registered office address of the Company is:
The Coach House Arundel Road Fontwell Arundel West Sussex BN18 0SX
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these Financial Statements are rounded to the nearest £1.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
2.Accounting policies (continued)
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
2.Accounting policies (continued)
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
Depreciation is provided on the following basis:
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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
2.Accounting policies (continued)
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
All sales are attributable to the one principal activity of the company in the UK.
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
10.Taxation (continued)
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
Page 26
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
The bank loan is secured by fixed and floating charges over the Company's present and future assets.
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £208,951 (2023 - £186,079). Contributions totalling £13,860 (2023 - £11,623) were payable to the fund at the balance sheet date and are included in other creditors.
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The Amicus Community Arundel Limited
Notes to the Financial Statements
For the Year Ended 30 September 2024
Page 30
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