##
||||Jaffray Care Society|Jaffray Care Society||
|---|---|---|---|---|---|
||||Administrative
Information|||
|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|||
||||293High Street|||
||||West Bromwich|||
||||B708NA|||
|Auditors:|||Malcolm
Piper &Company||Limited|
||||Kingsnorth
House|||
||||Blenheim Way|||
||||Birmingham|||
||||B44 8LS|||
|Solicitors:|||Ansons|||
||||St Mary's Chambers|||
||||5-7 Breadmarket|Street||
||||Lichfield|||
||||Staffordshire|||
||||WS136LQ|||
|Registered|Charity number;||1001885|||
|Registered|Company|number|02554367|||
|Charity website:|||www.jaffraycare. corn|||
|Patrons|||Mr Carl Chinn MBE Ph.D.||F.Birm.Soc.|
||||Mr John Barnes MBE|||
|Senior Management||Team|Ms L Hendon|(Chief Executive Officer)||
||||Mr C Lees|(Director ofFinance)||
||||Mr M Weir|(Director ofEstates)||
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|||||2023|2023|2023|2022|
|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|Total|
||||Note|f|6|K|K|
|Income from:||||||||
|Donations and legacies|||2|3,530|315|3,845|12,614|
|Charitable
activities;|||3|||||
|Residential
services|||||5,671,616|5,671,616|5,402,123|
|Day care services|||||302,247|302,247|445,447|
|Rental income|from|||||||
|housing
benefits|||||72,862|72,862|62,245|
|Total income||||3,530|6,047,040|6,050,570|5,922,429|
|Expenditure
on:||||||||
|Charitable
activities:||||||||
|Residential
and|day centre|||||||
|care costs||||13,576|5,580,002|5,593,578|5,466,364|
|Support costs|||||440,620|440,620|418,474|
|Total expenditure|||4|13,576|6,020,622|6,034,198|5,884,838|
|Net
(expenditure)/income||for|7|||||
|the year||||(10,046)|26,418|16,372|37,591|
|Transfers
between|funds|||||||
|Net movement
in funds for||the||||||
|year||||(10,046)|26,418|16,372|37,591|
|Reconciliation offunds:||||||||
|Total funds brought|forward|||||||
|at 1 April 2022||||10,046|2,807,160|2,817,206|2,779,615|
|Total funds carried|forward|||||||
|at 31 March 2023|||||2,833,578|2,833,578|2,817,206|
||Cons|olidated
|Balance Sheet at 31 March 2023||
|---|---|---|---|---|
||||2023|2022|
|||Note|||
|Fixed assets|||||
|Tangible fixed assets|||5,316,430|5,434,706|
|Current assets|||||
|Debtors||13|567,664|458,149|
|Cash at bank and in|hand||820,969|981,152|
||||1,388,633|1,439,301|
|Creditors: Amounts|falling||||
|due within one year||14|(1,392,662)|(1,358,194)|
|Net current|||||
|(liabilities)/assets|||(4,029)|81,107|
|Total assets less current|||5,312,401|5,515,813|
|liabilities|||||
|Creditors: Amounts|falling||||
|due after more than one year||15|(2,478,823)|(2,698,607)|
|Net assets|||2,833,578|2,817,206|
|Funds|||||
|Restricted funds||17||10,046|
|Unrestricted
funds||17|2,833,578|2,807,160|
|Total funds|||2,833,578|2,817,206|
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|Tangible fixed assets||11||4,863,091||4,967,961|
|Investments||12|||||
|||||4,863,091||4,967,961|
|Current assets|||||||
|Debtors||13|859,496||772,391||
|Cash at bank and in|hand||820,969||981,152||
||||1,680,465||1,753,543||
|Creditors: Amounts|falling||||||
|due within one year||14|(1,374,200)||(1,340,936)||
|Net current assets||||306,265||412,607|
|Total assets less current|||||||
|liabilities||||5,169,356||5,380,568|
|Creditors: Amounts|falling||||||
|due after more than|one year|15||(2,478,823)||(2,698,607)|
|Net assets||||2,690,533||2,681,961|
|Funds|||||||
|Restricted funds||17||||10,046|
|Unrestricted
funds||17||2,690,533||2,671,915|
|Total funds||||2,690,533||2,681,961|
##
|Consolidated|St|atement ofCash Flows for the|Year Ended|31 March 2023||
|---|---|---|---|---|---|
||||Note|2023|2022|
|||||R||
|Cash flow from operating|activities||19|327,983|627,495|
|Interest paid||||(111,803)|(105,997)|
|Net cash flow from operating||activities||216,180|521,498|
|Cash flow from investing|activities||20|(161,360)|(129,972)|
|Cash flow from financing|activities||21|(215,003)|(208,365)|
|Net (decrease)/increase|in|cash and cash equivalents||(160,183)|183,161|
|Cash and cash equivalents||at the start ofthe year||981,152|797,991|
|Cash and cash equivalents||at the end ofthe year||820,969|981,152|
|Cash and cash equivalents||consists of:||||
|Cash at bank and in hand||||820,969|981,152|
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||||Other|||
|---|---|---|---|---|---|
|||Staff|Direct|Total|Total|
|||Costs|Costs|2023|2022|
|||K|E|E||
|Residential|and day centre|||||
|care costs||4,653,938|939,640|5,593,578|5,466,364|
|Support costs (see note 5)||235,202|205,418|440,620|418,474|
|||4,889,140|1,145,058|6,034,198|5,884,838|
||All expenditure
for the current|and|prior year|is|in respect|of the furtherance|of the charitable|
|---|---|---|---|---|---|---|---|
||activities
of which F13,576 (2022: 639,961)was||||attributable|to restricted
funds|and M,020,622|
||(2022:F5,844,838)was attributable||to unrestricted||funds.|||
||Support costs|||||||
|||||||2023|2022|
|||||||E||
||Interest payable
on bank borrowings||(see note|10)||111,803|105,997|
||Head office costs|||||71,416|72,340|
||Human
resources|||||235,202|219,438|
||Governance
costs (see note 6)|||||22,199|20,699|
|||||||440,620|418,474|
|6.|Governance costs|||||||
|||||||2023
E|2022f|
||Auditors
remuneration|||||15,000|13,500|
||Trustees' expenses|||||7,199|7,199|
|||||||22,199|20,699|
||Net income for the year|||||||
|||||||2023|2022|
||Net income is stated after charging:|||||F||
||Auditors'
remuneration:|||||||
||Audit of parent company|||||13,200|11,700|
||Audit ofsubsidiary|||||1,800|1,800|
||Operating
leases payments|||||||
||Land and buildings|||||10,320|10,320|
||Other|||||14,037|29,767|
||Depreciation
oftangible fixed|assets||||279,636|285,697|
##
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##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||K||
|Wages and salaries|(including||benefits|in kind)||294,060|297,551|
|Pension costs||||||36,044|36,043|
|||||||330,104|333,594|
|Individuals
with pensions||accruing||||||
|The Charity
had 3(2022 -||3)employees||(including|Charity Trustees)|with earnings|over f60,000.|
|They fall into the following||bands:||||||
|||||||2023|2022|
|||||||Number|Number|
|6110,000to f120,000||||||||
|690,000to K100,000||||||||
##
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|||||||||2023|2023||2022||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Number|||Number||E|S|
|Travel|||||||||||||7,199|7,199|
||||||||||||||7,199|7,199|
|Trustees'
expenses||are|reviewed||||and|authorised|||by the|Chair|of the
Remuneration|and|
|Governance
sub-group.|||||||||||||||
|Trustees do not|claim|all|expenses|||incurred|||on|behalf ofthe Charity|||for travel and attendance
at||
|Charity meetings
per Trustee
for|or events.
The
their expenses,||||Charity
which|||makes a contribution
ofa maximum
of8150per month
in no case did this exceed the costs incurred
for any|||||||
|individual
Trustee.|||||||||||||||
|The Charity also
j2,130).|maintains||full Trustee Indemnity|||||||Insurance at||acost ofk2,480 per annum||(2022:|
|Pension Scheme|||||||||||||||
|The Charity operates||defined||contribution|||||pension||schemes.|The|pension cost charge|for the|
|year represents|contributions|||paid|by||the|Charity||tothese schemes and amount toK88,611||||(2022:|
|693,389). There|were no||outstanding||||contributions||||at either the beginning
or end ofthe financial||||
|year.|||||||||||||||
|Interest payable|||||||||||||||
||||||||||||||2023|2022|
||||||||||||||8|8|
|Interest payable on bank|||borrowings||||||||||111,803
105,997||
||||||||||||||111,803
105,997||
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|Group|||||
|---|---|---|---|---|
||Freehold||||
||and|Fixtures|||
||Leasehold|and|Motor||
||Property|Fittings|Vehicles|Total|
||f.||||
|Cost|||||
|At 1 April 2022|7,075,461|703,861|206,196|7,985,518|
|Additions||143,370|17,990|161,360|
|Disposals||(162,445||162,445)|
|At 31 March 2023|7,075,461|684,786|224,186|7,984,433|
|Depreciation|||||
|At 1 April 2022|2,011,226|364,201|175,385|2,550,812|
|Charge for the year|136,292|129,382|13,962|279,636|
|Disposals||162445|-|162,445|
|At 31 March 2023|2,147,518|331,138|189,347|2,668,003|
|Net Book Value|||||
|At 31 March 2023|4,927,943|353,648|34,839|5,316,430|
|At 31 March 2022|5,064,235|339,660|30,811|5,434,706|
##
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##
|Company|||||
|---|---|---|---|---|
||Freehold|Fixtures|||
||Property|and|Motor|Total|
|||Fittings|Vehiclesf||
|Cost|||||
|At 1 April 2022|6,405,165|703,861|206,196|7,315,222|
|Additions||143,370|17,990|161,360|
|Disposals||162,445)||162,445|
|At 31 March 2023|6,405,165|684,786|224,186|7,314,137|
|Depreciation|||||
|At 1 April 2022|1,807,675|364,201|175,385|2,347,261|
|Charge for the year|122,886|129,382|13,962|266,230|
|Disposals||162,445|-|162,445|
|At 31 March 2023|1,930,561|331,138|189,347|2,451,046|
|Net Book Value|||||
|At 31 March 2023|4,474,604|353,648|34,839|4,863,091|
|At 31 March 2022|4,597,490|339,660|30,811|4,967,961|
##
##
|ebtors||||||
|---|---|---|---|---|---|
||||Group||Company|
|||2023f|2022
6|2023|2022
6|
|Amounts
falling due within one year:||||||
|Trade debtors||372,508|307,498|318,883|268,245|
|Group undertakings||||357,768|363,837|
|Other debtors||60,387|39,891|56,577|37,540|
|Prepayments||134,769|110,760|126,268|102,769|
|||567,664|458,149|859,496|772,391|
|reditors: amounts|falling due|within one year||||
||||Group||Company|
|||2023|2022|2023|2022|
|||E|K|F|K|
|Bank loan||219,784|215,003|219,784|215,003|
|Trade creditors||860,949|776,281|845,596|759,420|
|Taxation and social|security|81,698|83,070|81,698|83,070|
|Accruals and other|creditors|230,231|283,840|227,122|283,443|
|||1,392,662|1,358,194|1,374,200|1,340,936|
##
##
|redit|ors: amounts
fall|ing due after more than on|e year|||
|---|---|---|---|---|---|
|||Group||Company||
|||2023|2022|2023|2022|
|||E|E|E|E|
|Bank|loan|2,478,823|2,698,607|2,478,823|2,698,607|
|Includ|ed|in the above are amounts|falling due as foll|ows:|||
|---|---|---|---|---|---|---|
||||Group||Company||
||||2023|2022|2023|2022|
||||E|E|E|E|
|Within||1 year|219,784|215,003|219,784|215,003|
|Over|1|year but within 5years|912,872|902,227|912,872|902,227|
|Over|5|years|1,565,951|1,796,380|1,565,951|1,796,380|
||||2,698,607|2,913,610|2,698,607|2,913,610|
##
##
|inimu|m
lease payments
under non-cancellable|operating
leases, which fall due as|follows:|
|---|---|---|---|
|||2023|2022|
|||E|E|
|Within|one year|24,930|26,236|
|Within|two to five years|43,417|35,008|
|Over|five years|44,000|47,300|
|||112,347|108,544|
##
|a)|Group|||||||
|---|---|---|---|---|---|---|---|
||||As at1||||As at 31|
||||April 2022|Income
E|Expenditure|Transfers
E|March 2023f|
||Restricted|Funds|10,046|3,530|(13,576)|||
||Unrestricted|||||||
||Funds||2,807,160|6,047,040|(6,020,622)||2,833,578|
||||2,817,206|6,050,570|(6,034,198)||2,833,578|
|b)|Company|||||||
||||As at1||||As at31|
||||April 2022
f|Income|Expenditure
E|Transfers
6|March 2023|
||Restricted|Funds|10,046|3,530|(13,576)|||
||Unrestricted|||||||
||Funds||2,671,915|5,972,913|(5,954,295)||2,690,533|
||||2,681,961|5,976,443|(5,967,871)||2,690,533|
##
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##
||Analysis of net assets|between|funds|is as follows:||||
|---|---|---|---|---|---|---|---|
|||||Restricted||Unrestricted|2023|
||||||Funds|Funds|Total|
||Group|||||||
||Tangible fixed assets|||||5,316,430|5,316,430|
||Current assets|||||1,388,633|1,388,633|
||Creditors
within one|year||||(1,392,662)|(1,392,662)|
||Creditors over one year|||||(2,478,823)|(2,478,823)|
||Total funds|||||2,833,578|2,833,578|
||Company|||||||
||Tangible fixed assets|||||4,863,091|4,863,091|
||Current assets|||||1,680,465|1,680,465|
||Creditors
within one|year||||(1,374,200)|(1,374,200)|
||Creditors over one year|||||(2,478,823)|(2,478,823)|
||Total funds|||||2,690,533|2,690,533|
|19.|Reconciliation
ofnet|income|to net|cash flow from|operating|activities||
|||||||2023|2022|
||Net income for the year|||||16,372|37,591|
||Depreciation
charges|||||279,636|285,697|
||Interest payable|||||111,803|105,997|
|||||||407,811|429,285|
||(Increase)/Decrease|in debtors||||(109,515)|53,739|
||increase
in creditors|||||29,687|144,471|
||Net cash inflow from|operating|activities|||327,983|627,495|
|Note|s to the Cons|olidated
Fina|ncial Statements
for the Yea|r Ended 31March 2023 (|continued)|
|---|---|---|---|---|---|
|20.|Cash flow|from investing|activities|||
|||||2023|2022|
|||||K|K|
||Payments|to acquire tangible fixed assets||(161,360)|(129,972)|
|||||(161,360)|(129,972)|
|21.|Cash flow|from financing|activities|||
|||||2023|2022|
|||||F||
||Repayment|of long-term|loans|(215,003)|(208,365)|
|||||(215,003)|(208,365)|
|22.|Related party transactions|||||