| Contents | Page | ||||
|---|---|---|---|---|---|
| Charity Reference and | Administrative | Details | |||
| Trustees' Annual Report (including |
Strategic Report) | 2 —9 | |||
| Independent Auditor's |
Report | 10—12 | |||
| Statement of Financial | Activities (incorporating | Income and Expenditure | Account) | 13 | |
| Balance Sheet | |||||
| Cash Flow Statement | 15 | ||||
| Notes to the Financial | Statements | 16—24 |
| Charity registration | number | 1003906 | ||
|---|---|---|---|---|
| Company registration | number | 02024372 | ||
| Trustees | Rev Canon FLongbottom | |||
| Mr BGeary | ||||
| Professor A Davis |
||||
| Mr J Piggott | ||||
| Mr M Shakespeare | ||||
| Dr lan McPherson | ||||
| Ms SWillis | ||||
| Mr N Howl | ||||
| Mr AWylde | ||||
| Ms M Smojikis | ||||
| Chief Executive Officer | Helen Wadley | |||
| Director of Operations | John Bristow | |||
| Director ofFinance | Ruth Galvin | |||
| Registered office | 17Graham Street | |||
| Hockley | ||||
| Birmingham | ||||
| B13JR | ||||
| Auditors | Haines Watts | Birmingham | I LP | |
| 5 -6 Greenfield | Crescent | |||
| Edgbaston | ||||
| Birmingham | ||||
| 8153BE | ||||
| Bankers | NatWest | |||
| 1St Philips Place | ||||
| Birmingham | ||||
| B32PP |
| ear Strategic Plan and Busin ur Charity. |
ear Strategic Plan and Busin ur Charity. |
ear Strategic Plan and Busin ur Charity. |
ear Strategic Plan and Busin ur Charity. |
es | s Plan |
and are usin | g a different format, reflecting the ch |
anging | natu |
|---|---|---|---|---|---|---|---|---|---|
| 2021/2022 | 2021/2022 | ||||||||
| What we | planned | toachieve | What we actually achieved | ||||||
| Complete a new | 3-year Strategic Plan | document | We completed the Strategic Plan and |
associated | |||||
| Business Plan. | |||||||||
| Deliver on our commitment | to | a New | Leadership | We started this programme slightly |
later | than | |||
| Programme internally |
to | help | widen | our pool of | planned, but our first cohort will finish their |
year | |||
| new leaders | in Se tember 2022. | ||||||||
| Successfully re-tender |
for our | largest | contract— | We came first in the tender process | for the | new | |||
| Support Services | Vulnerable Adults Contract and secured the |
same | |||||||
| level ofsu ort/income. |
|||||||||
| Procure existing |
care | home | and supported |
We are behind on this aim due to the delays in |
|||||
| accommodation | buildings | being able to purchase the buildings from |
our | ||||||
| current landlord. |
|||||||||
| Lookat securing | longer | term | funding for our pilot | We achieved more than we hoped |
in this | area, | |||
| services with NMS |
we achieved longer term funding for |
all the | pilots | ||||||
| undertaken over the last 2 years with NHS. |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| fundsf | funds | 2022 | 2021f | ||
| Income from: | |||||
| Donations and legacies Charitable activities |
156,255 9,016,001 |
435,333 | 156,255 9,451,334 |
139,841 8,397,280 |
|
| Investments | 6,816 | 6,816 | 18,715 | ||
| Total income | 9, 14, | ||||
| Expenditure on: Raising funds Charitable activities |
5 5 |
48,075 8,939,785 |
425,345 | 48,075 9,365,130 |
41,135 8,043,086 |
| Other | 11 | 45,000 | 45,000 | 45,000 | |
| Total expenditure | 9,032,860 | 425~345 | gg458g205 | 8 129221 | |
| Net income | 146,213 | 9,988 | 156,200 | 426,615 | |
| Transliers between funds | |||||
| Other recognised gains and losses | |||||
| Defined benefit pension scheme: Actuarial gain/(loss) |
244,000 | 244,000 | (164,000) | ||
| Net movement in funds |
390,213 | 9,988 | 400,200 | 262,615 | |
| Reconciliation offunds Total funds brought forward Total funds carried forward |
13 | 3,470,884 | 1~325 3g472I209 11,1,7, |
3209 594 ,4 |
| Nobe | 2022f | 2022 f |
2021 f |
2021f | |||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Tangible fixed assets | 1,212,195 | 1,243,611 | |||||
| Current assets | |||||||
| Debtors | 2,051,661 | 1,497,689 | |||||
| Cash at bank and in hand | 3,611,941 | 4,038,212 | |||||
| 5,663,602 | 5,535,901 | ||||||
| Creditors: amounts | falling due within one | 10 | (1,767,407) | (1,606,278) | |||
| Net current assets | 3,896,195 | 3,929,623 | |||||
| Net assets excluding | pension liability | 5,108,390 | 5,173,234 | ||||
| Defined benefit pension liability | (1,235,981) | (1,701,025) | |||||
| Net assets | |||||||
| Charity Funds | 13 | ||||||
| Unrestricted funds: |
|||||||
| General reserves | before pension | reserve | 2,631,614 | 2,725,853 | |||
| Pension reserve (FR5102) |
(1,235,981) | (1,701,025) | |||||
| General reserves | after pension reserve | 1,395,633 | 1,024,828 | ||||
| Designated reserves |
2,465,464 | 2,446,056 | |||||
| Total unrestricted | funds | 3,861,096 | 3,470,884 | ||||
| Restricted funds | 11,313 | 1,325 | |||||
| ,4 |
| 2022 | 2021f | |||
|---|---|---|---|---|
| Net cash (oufflow)/inflow from operating |
activities | (433,087) | 126,731 | |
| Cash flow from investing activities Payments to acquire tangible fixed assets |
(710,000) | |||
| Interest received | 6,816 | 18,715 | ||
| Net cash inflow/(oufflow) from investing |
activities | 6,81 | 1,285 | |
| Net decrease in cash and cash equivalents | (426,271) | (564,554) | ||
| Cash and cash equivalents atstart ofyear | 4,038,212 | 4,602,766 | ||
| Cash and cash equivalents at end ofyear |
||||
| Notes tocash flow statement: | ||||
| Reconciliation ofnet income tonet cash inflow from operating activities |
2022 | 2021f | ||
| Net income for year (before other gains and losses) | 156,200 | 426,615 | ||
| Interest receivable Depreciation (Increase)/decrease in debtors Increase/(decrease) in creditors Interest expense re defined benefit pensions liability |
(6,816) 31,416 (553,972) 161,129 45,000 |
(18,715) 27,100 (848,546) 762,253 45,000 |
||
| Defined benefit pension deficit contribution payments |
(266,044) | (266,975) | ||
| Net cash (outflow)/inflow from operating activities |
4 | |||
| Analysis ofchanges in net funds | At 1/4/21f | Cash flow f |
At 31/3/22 f |
|
| Net cash | ||||
| Cash at bank | 4,038,212 | (426g271) | 361lg941 | |
| Total |
| 2 | INCOME FROM | DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|---|---|
| 2022f | 2021 E |
|||||
| Donations | 131,735 | 139,841 | ||||
| Legacies | 24,520 | |||||
| 3 | INCOME FROM | INVESTMENTS | 2022 | 2021 | ||
| Bank interest | 6,817 | 18,715 | ||||
| 4 | INCOME FROM | CHARITABLE ACTIVITIES | ||||
| 2022f | 2021 E |
|||||
| Birmingham City Council Grants Clinical Commissioning Groups Supporting People Clients |
475,879 2,497,043 2,477,124 2,798,091 |
317,974 1,516,010 2,552,172 2,775,392 |
||||
| Other | 1,203,196 | 1,235,731 | ||||
| r 4 |
I I |
|||||
| Analysis by service type | Unrestricted | Restrictedf | 2022f | 2021f | ||
| Residential | 2,321,615 | 2,321,615 | 2,507,350 | |||
| Floating support lk housing Integrated services Day and community services |
3,497,683 1,342,840 1,853,863 |
222,401 34,810 178,122 |
3,720,084 1,377,650 2,031,985 |
3,682,836 995,895 1,203,699 |
||
| Other | 7,500 |
| ANALYSIS OF | EXPEN | DI | TU | RE | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||||
| f | f | ||||||||||||
| Costs ofraising Staff costs |
funds | 28,355 | 19,534 | ||||||||||
| Other fundraising | costs | 19,720 | 21,601 | ||||||||||
| Floating | DayL | ||||||||||||
| Charitable activities |
Residentialf | Support Bi Housing |
Integrated Services |
Community Services f. |
Total 2022 |
Total 2021f |
|||||||
| Direct costs: | |||||||||||||
| Staff costs | 1,502,944 | 1,910,114 | 1,078,076 | 916,233 | 5,407,367 | 5,035,326 | |||||||
| Depreciation Other costs |
20,200 414,506 1, , 50 |
1,336,020 ,4, 4 |
128,148 5 |
9,000 834,510 lg75 ~ 4 |
29,200 2,713,185 /14 /75 |
22,100 2,111,380 71 |
|||||||
| Support costs: Finance 8iIT Personnel |
131,417 36,814 |
220,162 61,674 |
81,809 22,917 |
119,350 33~4 |
552,738 154,839 |
342,654 100,111 |
|||||||
| Administration Governance |
99,705 14,711 |
167,035 24,646 |
62,068 9,158 |
90,550 13,361 |
419,358 61,876 |
358,840 44,494 |
|||||||
| Property Depreciation |
5,789 527 2 / |
9,699 883 |
3,604 328 179,8 |
5,258 479 26 g4 |
24,350 2,217 1~215' 8 |
23,181 5,000 874,280 |
|||||||
| Total | I | I | I | 5. | |||||||||
| Total | Total | ||||||||||||
| Analysis by service type | Unrestricted | Restrictedf | 2022f | 2021f | |||||||||
| Residential | 2,226,613 | 2,226,613 | 2,197,608 | ||||||||||
| Floating support 5housing Integrated Services |
3,513,057 1,354,866 |
217,176 31,242 |
3,730,233 1,386,109 |
3,636,799 1,016,407 |
|||||||||
| Day and community services |
1,845,248 | 176,927 | 2,022,175 | 1,192,272 | |||||||||
| Total | I | I | 4 | I I |
I | I | |||||||
| Analysis ofGovernance | Costs | 2022f | 2021 | ||||||||||
| AGM costs | 13,418 | 5,315 | |||||||||||
| Staff costs | 29,835 | 27,362 | |||||||||||
| Professional fees |
18,624 | 11,817 | |||||||||||
| NET INCOME/(EXPENDITURE) FORTHE YEAR Net income/(expenditure) is stated after charging: |
2022f | 2021 f |
|||||||||||
| Depreciation oftangible Auditor's remuneration |
fixed assets -audit |
31,416 12,360 |
27,100 11,817 |
||||||||||
| Other operating | lease rentals | 335,585 | 406,278 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | ||||
| land and | Computer | Office | ||
| buildingsf | equipment f | equipmentf | Total | |
| COST | ||||
| As at 1April 2021 | 1,570,799 | 329,349 | 74,729 | 1,974,877 |
| Additions | ||||
| Disposals | ||||
| As at 31March 2022 | ||||
| DEPRECDLTION | ||||
| As at 1April 2021 Charge for the period |
327,188 31,416 |
329,349 | 74,729 | 731,266 31,416 |
| Released on disposal | ||||
| As at 31March 2022 | 4, | |||
| NET BOOKVALUE | ||||
| As at 31March 2022 | ||||
| As at 1April 2021 |
| 11 | PENSION AND SIMILAR OBLIGATIONS tcoirrxnuso) | PENSION AND SIMILAR OBLIGATIONS tcoirrxnuso) | |||
|---|---|---|---|---|---|
| Amounts recognised in the Statement ofFinancial Activities: |
2022 | 2021f | |||
| Interest on pension liabilities |
(34,000) | (34,000) | |||
| Expenses | (11,000) | (11,000) | |||
| Pension finance income/(costs) | |||||
| The actual return on the plan assets (including any changes |
in share ofassets) over the period ended 31 March 2022 was | f61,000. | |||
| Amounts recognised in Other Recognised Gains/(Losses): |
2022 | 2021f | |||
| Actuarial gains/(losses) |
244,000 | (164,000) | |||
| 2022 | 2021 | ||||
| The amounts recognised in the Balance Sheet are as |
follows: | E | |||
| Fair value ofplan assets | 7,697,019 | 7,636,975 | |||
| Present value ofdefined benefit obligation | (8,933,000) | (9,338,000) | |||
| Deficit in plan | |||||
| Defined benefit liability to be recognised | |||||
| Movements in the present value ofdefined benefit obligations were as follows: |
2022f | 2021 | |||
| At 1April | 9,338,000 | 9,094,000 | |||
| Selvlce cost | |||||
| Interest expense | 198,000 | 188,000 | |||
| Actuarial losses/(gains) due to scheme experience |
449,000 | (638,000) | |||
| Actuarial (gains)/losses due to changes in demographic assumptions Actuarial (gains)/losses due in scheme experience Benefits paid and expenses |
(148,000) (648,000) (267,000) |
35,000 882,000 (234,000) |
|||
| Expenses | 11,000 | 11,000 | |||
| At31March | |||||
| Movements in the fair value ofcharity's share ofscheme assets: |
2022f | 2021f | |||
| At 1April Interest income |
7,636,975 164,000 |
7,335,000 154,000 |
|||
| Experience on plan assets Contributions by employer |
(103,000) 266,044 |
115,000 266,975 |
|||
| Benefits paid and expenses | (267,000) | (234,000) | |||
| At31March | , 1 | 7, , 75 |
|||
| Principal Actuarial Assumptions |
At31.03.22 | At31.03.21 | |||
| Discount rate for scheme liabilities | 2.79O/o | 2.15~/o | |||
| Intlation (RPI) Inflation (CPI) Salary growth |
3.62O/o 3.21O/o 4.21O/o |
3.29Vo 2.86Vo 3.86Vo |
| Tangible | Net current | ||||
|---|---|---|---|---|---|
| fixed assets | assets | Provisions | Total | ||
| E | E | E | |||
| Restricted funds | 11,313 | 11,313 | |||
| Unrestricted | funds | 1,212,195 | 3,884,882 | (li235'981) | 3,861,096 |
| Balance as | at 31March 2022 | 121 195 | 3 96195 | 1235981 | 3872 9 |