##
|Trustees and Directors:|Trustees and Directors:|Trustees and Directors:|Trustees and Directors:|Mr M McEachran|||
|---|---|---|---|---|---|---|
|||||Dr A Roy OBE|||
|||||Mr G Cumberland|||
|||||Mr M Fellows|||
|||||Ms L Hendon|||
|||||Mr C Lees|||
|||||Mr M Weir|||
|Registered|office:|||The White House|||
|||||39Jaffray Crescent|||
|||||Erdington|||
|||||Birmingham|||
|||||B248BE|||
|Bankers:||||Lloyds Bank pic|||
|||||293 High Street|||
|||||West Bromwich|||
|||||B708NA|||
|Auditors:||||Malcolm Piper 8Company||Limited|
|||||Kingsnorth
House|||
|||||Blenheim Way|||
|||||Birmingham|||
|||||B448LS|||
|Solicitors:||||Ansons|||
|||||St Mary's Chambers|||
|||||5-7 Breadmarket|Street||
|||||Lichfield|||
|||||Staffordshire|||
|||||WS136LQ|||
|Registered|Charity|number:||1001885|||
|Registered|Company||number|02554367|||
|Patrons||||Mr Carl Chinn MBE Ph.D.||F.Birm.Soc.|
|||||Mr John Barnes MBE|||
|Senior Management|||Team|Ms L Hendon|(Chief Executive Officer)||
|||||Mr CLees|(Director ofFinance)||
|||||Mr M Weir|(Director of Estates)||
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|||||2022|2022|2022|2021|
|---|---|---|---|---|---|---|---|
||||Note|Restricted|Unrestricted
E|Totalf|Total
K|
|Income from:||||||||
|Donations
and legacies|||2|10,507|2,107|12,614|8,188|
|Charitable
activities:|||3|||||
|Residential
services|||||5,402,123|5,402,123|5,160,286|
|Day care services|||||445,447|445,447|531,772|
|Rental income|from|||||||
|housing
benefits|||||62,245|62,245|56,562|
|Total income||||10,507|5,911,922|5,922,429|5,756,808|
|Expenditure
on:||||||||
|Charitable
activities:||||||||
|Residential
and|day centre|||||||
|care costs||||39,961|5,426,403|5,466,364|5,319,620|
|Support costs|||5|-|418,474|418,474|410,603|
|Total expenditure|||4|39,961|5,844,877|5,884,838|5,730,223|
|Net
(expenditure)/income||for|7|||||
|the year||||(29,454)|67,045|37,591|26,585|
|Transfers
between|funds|||||||
|Net movement
in funds for||the||||||
|year||||(29,454)|67,045|37,591|26,585|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||||||
|at 1 April 2021||||39,500|2,740,115|2,779,615|2,753,030|
|Total funds carried|forward|||||||
|at 31 March 2022||||10,046|2,807,160|2,817,206|2,779,615|
||Consolidated|Consolidated|Balance Sheet|at|31 March 2022||
|---|---|---|---|---|---|---|
|||||2022||2021|
|||Note|||||
|Fixed assets|||||||
|Tangible fixed assets|||||5,434,706|5,590,431|
|Current assets|||||||
|Debtors||13|458,149|||511,888|
|Cash at bank and in|hand||981,152|||797,991|
||||1,439,301|||1,309,879|
|Creditors: Amounts|falling||||||
|due within one year||14|(1,358,194)|||(1,207,919)|
|Net current assets|||||81,107|101,960|
|Total assets less current|||||5,515,813|5,692,391|
|liabilities|||||||
|Creditors: Amounts|falling||||||
|due after more than one year||15|||(2,698,607)|(2,912,776)|
|Net assets|||||2,817,206|2,779,615|
|Funds|||||||
|Restricted funds||17|||10,046|39,500|
|Unrestricted
funds||17|||2,807,160|2,740,115|
|Total funds|||||2,817,206|2,779,615|
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible fixed assets|||11||4,967,961||5,110,280|
|Investments|||12|||||
||||||4,967,961||5,110,280|
|Current assets||||||||
|Debtors|||13|772,391||864,738||
|Cash at bank and|in|hand||981,152||797,991||
|||||1,753,543||1,662,729||
|Creditors: Amounts||falling||||||
|due within one year|||14|(1,340,936)||(1,202,463)||
|Net current assets|||||412,607||460,266|
|Total assets less|current|||||||
|liabilities|||||5,380,568||5,570,546|
|Creditors: Amounts||falling||||||
|due after
more than||one year|15||(2,698,607)||(2,912,776)|
|Net assets|||||2,681,961||2,657,770|
|Funds||||||||
|Restricted funds|||17||10,046||39,500|
|Unrestricted
funds|||17||2,671,915||2,618,270|
|Total funds|||||2,681,961||2,657,770|
##
|||Note|2022|2021|
|---|---|---|---|---|
||||R||
|Cash flow from operating
activities||19|627,495|688,628|
|Interest paid|||(105,997)|(112,276)|
|Net cash flow from operating|activities||521,498|576,352|
|Cash flow from investing
activities||20|(129,972)|(195,652)|
|Cash flow from financing
activities||21|(208,365)|(48,204)|
|Net increase
in cash and cash equivalents|||183,161|332,496|
|Cash and cash equivalents|at the start ofthe year||797,991|465,495|
|Cash and cash equivalents|at the end ofthe year||981,152|797,991|
|Cash and cash equivalents|consists of:||||
|Cash at bank and in hand|||981,152|797,991|
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##
|otal expen|diture|||||
|---|---|---|---|---|---|
||||Other|||
|||Staff|Direct|Total|Total|
|||Costs
6|Costs
K|2022|2021f|
|Residential|and day centre|||||
|care costs||4,501,683|964,681|5,466,364|5,319,620|
|Support costs (see note 5)||219,438|199,036|418,474|410,603|
|||4,721,121|1,163,717|5,884,838|5,730,223|
##
##
##
|
Z5,729,623)was attributable
Support costs|
to unrestr|icted
funds.|||
|---|---|---|---|---|
||||2022|2021|
||||F|6|
|Interest payable
on bank borrowings||(see note 10)|105,997|112,083|
|Head office costs|||72,340|64,684|
|Human
resources|||219,438|216,437|
|Governance
costs (see note 6)|||20,699|17,399|
||||418,474|410,603|
|Governance costs|||||
||||2022|2021|
||||E|6|
|Auditors
remuneration|||13,500|13,500|
|Trustees'
expenses|||7,199|3,899|
||||20,699|17,399|
|Net income/(expenditure)|for the year||||
|Net income/(expenditure)|is stated after charging/(crediting);||2022
6|2021f|
|Profit on sale oftangible fixed assets||||(2,871)|
|Auditors'
remuneration:|||||
|Audit ofparent company
Audit ofsubsidiary|||11,700
1,800|11,700
1,800|
|Operating
leases payments|||||
|Land and buildings|||10,320|11,482|
|Other|||29,767|27,510|
|Depreciation
oftangible fixed assets|||285,697|290,598|
|Exceptional
expenditure:|||||
|Redundancy
costs||||74,735|
##
##
|ollows:|||||||
|---|---|---|---|---|---|---|
||||2022||2021||
||||Number|FTE|Number|FTE|
|Direct charitable||activities|203|182|204|183|
|Support staff|||17|14|17|14|
||||220|196|221|197|
|The total staff costs and employee's|||benefits were as follows:||2022|2021|
|Staff salaries|||||3,957,949|3,992,188|
|Social security costs|||||307,025|265,860|
|Pension costs|||||93,389|83,870|
|Agency costs|||||315,879|162,748|
|Staff training|and healthcare||||46,879|29,521|
||||||4,721,121|4,534,187|
||||||2022|2021|
|---|---|---|---|---|---|---|
|Wages and salaries (including
Pension costs|||benefits|in kind)|297,551
36,043|301,740
35,351|
||||||333,594|337,091|
|Individuals|with pensions|accruing|||||
|earnings
ove|r 860,000.|
|---|---|
|2022|2021|
|Number|Number|
##
##
|rustees were reimburse|d
travel and other out ofp|ocket expenses|during
the year a|s follows:|
|---|---|---|---|---|
||2022
Number|2021
Number|2022|2021f|
|Travel|||7,199|3,899|
||||7,199|3,899|
##
##
|Interest|payable|(net)|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Interest|payable|on bank borrowings|105,997|112,276|
|Interest|received|||(193)|
||||105,997|112,083|
##
##
|roup|||||
|---|---|---|---|---|
||Freehold||||
||and|Fixtures|||
||Leasehold|and|Motor||
||Property|Fittings|Vehiclesf|Total|
|Cost|||||
|At 1 April 2021|7,064,893|834,667|195,508|8,095,068|
|Additions|10,568|107,653|11,751|129,972|
|Disposals||238,459|1,063)|239,522|
|At 31 March 2022|7,075,461|703,861|206,196|7,985,518|
|Depreciation|||||
|At 1 April 2021|1,875,004|466,770|162,863|2,504,637|
|Charge for the year|136,222|135,890|13,585|285,697|
|Disposals||238,459|1,063|(239,522|
|At 31 March 2022|2,011,226|364,201|175,385|2,550,812|
|Net Book Value|||||
|At 31 March 2022|5,064,235|339,660|30,811|5,434,706|
|At 31 March 2021|5,189,889|367,897|32,645|5,590,431|
##
|Company|||||
|---|---|---|---|---|
||Freehold|Fixtures|||
||Property|and|Motor|Total|
|||Fittings|Vehicles||
||||E||
|Cost|||||
|At 1 April 2021|6,394,597|834,667|195,508|7,424,772|
|Additions|10,568|107,653|11,751|129,972|
|Disposals||238,459)|1,063|239522|
|At 31 March 2022|6,405,165|703,861|206,196|7,315,222|
|Depreciation|||||
|At 1 April 2021|1,684,859|466,770|162,863|2,314,492|
|Charge for the year|122,816|135,890|13,585|272,291|
|Disposals||238,459|1,063)|239,522)|
|At 31 March 2022|1,807,675|364,201|175,385|2,347,261|
|Net Book Value|||||
|At 31 March 2022|4,597,490|339,660|30,811|4,967,961|
|At 31 March 2021|4,709,738|367,897|32,645|5,110,280|
||The principal
activity|The principal
activity|of Jaffray Property
Solutions|of Jaffray Property
Solutions|of Jaffray Property
Solutions|of Jaffray Property
Solutions|is the provision|of|housing|and associated|
|---|---|---|---|---|---|---|---|---|---|---|
||amenities|for individuals||with learning|disabilities|who are in necessitous|||circumstances.||
|13.|Debtors||||||||||
|||||||Group||||Company|
||||||2022||2021||2022|2021|
||||||||||K|E|
||Amounts|falling due||within one year:|||||||
||Trade debtors||||307,498||361,117||268,245|330,233|
||Group undertakings||||||||363,837|393,407|
||Other debtors||||39,891||45,316||37,540|43,374|
||Prepayments||||110,760||105,455||102,769|97,724|
||||||458,149||511,888||772,391|864,738|
|14.|Creditors:|amounts|falling due within one year||||||||
|||||||Group||||Company|
||||||2022||2021||2022|2021|
||Bank loan||||215,003||209,199||215,003|209,199|
||Trade creditors||||776,281||652,794||759,420|647,808|
||Taxation|and social|security||83,070||80,659||83,070|80,659|
||Accruals|and other|creditors||283,840||265,267||283,443|264,797|
||||||1,358,194||1,207,919|1,340,936||1,202,463|
##
##
|||Group||Company||
|---|---|---|---|---|---|
|||2022|2021|2022
f|2021
K|
|Bank|loan|2,698,607|2,912,776|2,698,607|2,912,776|
|Includ|ed|in the above are amounts|falling due as foll|ows:|||
|---|---|---|---|---|---|---|
||||Group||Company||
||||2022|2021|2022|2021|
||||||E||
|Within||1 year|215,003|209,199|215,003|209,199|
|Over|1|year but within 5years|902,227|890,219|902,227|890,219|
|Over|5|years|1,796,380|2,022,557|1,796,380|2,022,557|
||||2,913,610|3,121,975|2,913,610|3,121,975|
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||E|F|
|Within|one year|26,236|28,425|
|Within|two to five years|35,008|25,155|
|Over|five years|47,300|50,600|
|||108,544|104,180|
##
|a)|Group|||||||
|---|---|---|---|---|---|---|---|
||||As at1||||As at 31|
||||April 2021
E|Income
E|Expenditure
E|Transfersf|March 2022|
||Restricted|Funds|39,500|10,507|(39,961)||10,046|
||Unrestricted|||||||
||Funds||2,740,115|5,911,922|(5,844,877)||2,807,160|
||||2,779,615|5,922,429|(5,884,838)||2,817,206|
|b)|Company|||||||
||||As at 1||||As at 31|
||||April 2021|Income|Expenditure|Transfers|March 2022|
||||E||E|K||
||Restricted|Funds|39,500|10,507|(39,961)||10,046|
||Unrestricted|||||||
||Funds||2,618,270|5,830,665|(5,777,020)||2,671,915|
||||2,657,770|5,841,172|(5,816,981)||2,681,961|
##
##
||applied towards the promotion
|ofthe Group and Comp|any's
obje|ctives.||
|---|---|---|---|---|---|
||Analysis
ofnet assets between|funds is as follows:||||
|||Restricted||Unrestricted|2022|
||||Funds
6|Funds
6|Totalf|
||Group|||||
||Tangible fixed assets|||5,434,706|5,434,706|
||Current assets||10,046|1,429,255|1,439,301|
||Creditors
within one year|||(1,358,194)|(1,358,194)|
||Creditors over one year|||(2,698,607)|(2,698,607)|
||Total funds||10,046|2,807,160|2,817,206|
||Company|||||
||Tangible fixed assets|||4,967,961|4,967,961|
||Current assets||10,046|1,743,497|1,753,543|
||Creditors
within one year|||(1,340,936)|(1,340,936)|
||Creditors
over one year|||(2,698,607)|(2,698,607)|
||Total funds||10,046|2,671,915|2,681,961|
|19.|Reconciliation
ofnet income|to net cash flow from|operating|activities||
|||||2022|2021|
|||||6||
||Net income for the year|||37,591|26,585|
||Depreciation
charges|||285,697|290,598|
||Gains on sale oftangible fixed|assets|||(2,871)|
||Interest receivable||||(193)|
||Interest payable|||105,997|112,276|
|||||429,285|426,395|
||Decrease
in debtors|||53,739|122,370|
||Increase in creditors|||144,471|139,863|
||Net cash inflow from operating|activities||627,495|688,628|
|Notes|to the Cons|olidated
Fina|ncial Statements
for the Yea|ncial Statements
for the Yea|r Ended 31 March 2022 (|continued)|
|---|---|---|---|---|---|---|
|20.|Cash flow|from investing|activities||||
||||||2022|2021|
||||||E|E|
||Payments|to acquire tangible||fixed assets|(129,972)|(205,444)|
||Receipts from sale oftangible|||fixed assets||9,599|
||Interest receivable|||||193|
||||||(129,972)|(195,652)|
|21.|Cash flow|from financing|activities||||
||||||2022f|2021|
||Repayment|of long-term|loans||(208,365)|(98,204)|
||New loans|—fixed rate||||50,000|
||||||(208,365)|(48,204)|
##