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|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|
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|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|||
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|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.|||
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|||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|
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||||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|
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||||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|||||
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|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
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|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|
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|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|||||
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|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|
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|||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|
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