2023-03-31-accounts - New Directions (Rugby) Limited

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		Page	Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	25

FOR THE YEA	R	ENDED 31STMARCH	2023
						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		f
INCOME AND	ENDOWMENTS FROM
Donations and legacies					112,618	112,618	63,381
Charitable activities
Residential Care				982,284		982,284	1,019,469
Supported Living				2,563,909		2,563,909	2,659,352
Respite Care				218,604	300	218,904	200,916
Community Choices		Network		370,373	4,077	374,450	261,038
Rental Income				900,286		900,286	899,206
Investment income			3	3,313		3,313	29
Total				5,038,769	116,995	5,155,764	5,103,391
EXPENDITURE	ON
Charitable activities
Residential Care				743,514	5,228	748,742	676,807
Supported Living				2,386,762	9,828	2496,590	2,260,696
Respite Care				174,277	1,311	175,588	153,533
Community Choices Network				301,499	4,012	305,511	222,641
Rental Income				805,524		805,524	768,902
Central Activities				653442		653,242	538,292
Total				5,064,818	20,379	5,085&197	4,620,871
NET INCOME/(EXPENDITURE)				(26,049)	96,616	70,567	482,520
RECONCILIATION		OF FUNDS
Total funds brought	forward			3,634,808	63,268	3,698,076	3,215,556
TOTAL FUNDS CARRIED FORWARD				3,608,759	159,884	3,768,643	3,698,076

BALANCESHEET 31STMARCH 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
	Notes	funds f.	funds	funds	fundsf
FIXEDASSETS
Tangible assets	1I	4,277,596	20,209	4,297,805	2,897,200
CURRENT ASSETS
Debtors	12	565,374		565,374	539,637
Cash at bank and in hand		635,685	139,675	775460	1,059,846
		1,201%059	139,675	1440,734	1,599,483
CREDITORS
Amounts falling due within one year	13	(472,343)		(472443)	(269,810)
NET CURRENT ASSETS		728,716	139,675	868,391	1,329,673
TOTAL ASSETSLESSCURRENT
LIABILITIES		5,006,312	159,884	5,166,196	4,226,873
CREDITORS
Amounts falling due afler more than one year	14	(1497,553)		(1497,553)	(528,797)
NET ASSETS		3,608,759	159,884	3,768,643	3,698,076
FUNDS	18
Unrestricted funds				3,608,759	3,634,808
Restricted funds				159,884	63,268
TOTAL FUNDS				3,768,643	3,698,076

				2023	2022
			Notes
Cash flows from operating activities
Cash generated from operations				286,883	586,182
Interest paid				(48,508)	(21,668)
Net cash provided by operating activities				238,375	564,514
Cash flows from investing	activities
Purchase oftangible fixed	assets			(1,432,413)	(79,156)
Interest received				3,313	29
Net cash used in investing activities				(],429,100)	(79,127)
Cash flows from financing	activities
New loans in year				983,938
Loan repayments in year				(53,844)	(363,339)
Loan arrangement fees				(23,855)
Net cash provided by/(used	in) financing		activities	906,239	(363,339)
Change in cash nnd cash equivalents		in
the reporting period				(284,486)	122,048
Cash and cash equivalents	at the
beginning ofthe reporting	period			1,059,846	937,798
Cash and cash equivalents	at the end of
the reporting period				775,360	1,059,846

F	OR THE YEAR ENDED 3	OR THE YEAR ENDED 3	OR THE YEAR ENDED 3	OR THE YEAR ENDED 3	1STMARCH 2023	1STMARCH 2023
	RECONCILIATION				OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
							2023	2022
	Net income	for the reporting				period (as per the Statement ofFinancial
	Activities)						70,567	482,520
	Adjustments	for:
	Depreciation	charges					31,808	28,515
	Interest received						(3,313)	(29)
	Interest paid						48,508	21,668
	(increase)/decrease		in debtors				(25,737)	73,272
	Increase/(decrease)		in	creditors			165,050	(19,764)
	Net cash provided		by operations				286,883	586,182
2.	ANALYSIS	OF CHANGES IN NET FUNDS/(DEBT)
						At 1.4.22	Cash flow	At 31.3.23
							f.
	Net cash
	Cash at bank	and in	hand			1,059,846	(284,486)	775460
						1,059,846	(284,486)	775460
	Debt
	Debts falling due within				I year	(56,364)	(37,483)	(93,847)
	Debts falling due after			1 year		(528,797)	(868,756)	(1,397,553)
						(585,161)	(906,239)	(1,491,400)
	Total					474,685	(1,190,725)	(716,040)

Freehold property	not provided
Short leasehold	2010on cost
Fixtures and fittings	25Jo on cost
Motor vehicles	25/o on cost

DONATIONS	AND	L	EG	A	CIES
							2023 f	2022
Donations							112,618	63,381
INVESTMENT INCOME
							2023	2022
Deposit account	interest						3,313	29
INCOME FROM CHARITABLE ACTIVITIES
							2023	2022
					Activity
Residential services					Residential	Care	982,284	991,896
Grants					Residential	Care		27,573
Home care/Supported		living			Supported	Living	2,557,049	2,592,371
Grants					Supported	Living	6,860	66,981
Respite care					Respite Care		218,604	184,287
Grants					Respite Care		300	16,629
Day opportunities					Community	Choices Network	369,519	251,691
Grants					Community	Choices Network	4,931	9,347
Rental income					Rental Income		900,286	899,206
							5,039,833	5,039,981
Grants received,	included		in	the	above, are	as follows:
							2023	2022
Job retention scheme								6,922
Workforce Development			Fund				5,200	1,600
Infection Control	Fund							58,251
Rapid Flow Testing Fund								12,243
Workforce Recruitment		dr Retention						41,514
Skills4Growth							1,660
WCC Grant Fund							1,154
National Lottery Community				Fund			4,077
							12,091	120,530

CHARITABLE ACTIVITIES COSTS
		Direct
		Costs (see
		note 6) f
Residential Care		748,742
Supported Living		2,396,590
Respite Care		175,588
Community Choices Network		305,511
Rental Income		805,524
Central Activities		653442
		5,085,197
DIRECT COSTS OFCHARITABLE ACTIVITIES
	2023	2022f
Staffcosts	4,021,395	3,665,707
Rent	471,774	460,251
Rates and water	21,549	22,107
Insurance	35,772	26,371
Light and heat	44,335	42,141
Repairs and maintenance	131,196	93,093
Advertising and marketing	22,222	24,894
Telephone	30,275	36,036
Other office expenses	28,796	27,605
Food and household	47,115	34,886
Nursing and hygiene	10,678	12,836
Activities and materials	18,182	6,8I I
Residents costs	1,727	367
Technology costs	46,619	47,630
Motor and travelling	21,352	18,210
Registration fees	4,045	4,090
Stafftraining	21,399	5,161
StaffDBS and medical	4,147	2,838
Governance costs and training	2,210	2,576
Legal and professional	3,956	22,286
HR support	10,017	9,392
Auditors remuneration	6,120	5,400
Depreciation	31,808	28,515
Interest payable and similar charges	48,508	21,668
	5,085,]97	4,620,871

			2023	2022
Depreciation	-	owned assets	31,808	28,515
Other operating		leases	471,774	460,251

		2023	2022
Wages	and salaries	3,668,067	3,355,173
Social	security costs	285,028	245,487
Other	pension costs	68,300	65,047
		4,021,395	3,665,707

		2023	2022
Senior managers		3	3
Care managers		4	4
Administrative	staff	6	7
Support staff		109	112
		122	126

The num	b	er ofemployees whose employee benefits	(excluding employer pension costs) exceeded	$60,000 w
			2023	2022
I70,001	-	680,000	I	1

		2023	2022
Senior managers		2019421	184,960
Care managers		181,280	191,588
Administrative	staff	214,310	199,741
Support staff		3,142,230	2,860,432
Agency and subcontractstaff		282,154	228,986
		49021,395	3,665,707

COMPARATIVKS	COMPARATIVKS	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
INCOME AND	ENDOWMENTS FROM
Donations and legacies			25,225	38,156	63,381
Charitable activities
Residential Care			1,019,469		1,019,469
Supported Living			2,659,352		2,659,352
Respite Care			200,916		200,916
Community Choices Network			261,038		261,038
Rental Income			899,206		899,206
Investment income			29		29
Total			5,065,235	38 156	5 ]03391
EXPENDITURE	ON
Charitable activities
Residential Care			670,880	5,927	676,807
Supported Living			2,258,078	2,618	2,260,696
Respite Care			153,115	418	153,533
Community Choices Network			222,331	310	222,641
Rental Income			768,902		768,902
Central Activities			533,099	5,193	538,292
Total			4,606,405	14,466	4,620,871
NET INCOME			458,830	23,690	482,520
RECONCILIATION		OF FUNDS
Total funds brought	forward		3,175,978	39,578	3,215,556
TOTAL FUNDS CARRIED FORWARD			3,634,808	63,268	3,698,076

				Fixtures
		Freehold	Short	and	Motor
		property	leasehold 5	fittings	vehicles	Tots Is f
	COST
	At 1stApril 2022	2,823,042	44,025	87,003	61&854	3,015,924
	Additions	1,400,494		31,919		1,432&413
	At 31stMarch 2023	4,223,536	44,025	118,922	61,854	4,448+37
	DEPRECIATION
	At 1stApril 2022		29&966	55,859	32,899	118,724
	Charge for year		4,440	18,622	8,746	31,808
	At 31stMarch 2023		34,406	74,481	41,645	150,532
	NET BOOK VALUE
	At 31stMarch 2023	4,223,536	9,619	44,441	20,209	4497,805
	At 31stMarch 2022	2,823,042	l4,059	31,144	28„955	2,897,200
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
	Trade debtors				440,684	419,011
	Other debtors				32,954	34,317
	Prepayments and accrued	income			91,736	86,309
					565,374	539,637
3.	CREDITORS: AMOUNTS FALLING DUE		WITHIN ONE YEAR
					2023	2022
	Bank loans and overdrafts	(see note 15)			93,847	56,364
	Trade creditors				211,919	35,011
	Social security and other taxes				52,752	64,469
	Other creditors				3,536	3,513
	Pension contributions				3,264	12,953
	Accrued expenses				107,025	97,500
					472443	269,810

FO	R THE YEAR ENDED 31STMARCH 2023	R THE YEAR ENDED 31STMARCH 2023	R THE YEAR ENDED 31STMARCH 2023	R THE YEAR ENDED 31STMARCH 2023
14.	CREDITORS: AMOUNTS FALLING DUE AFTER				MORE THAN ONE YEAR
					2023	2022
	Bank loans (see note 15)				1,397,553	528,797
15.	LOANS
	An analysis ofthe maturity		ofloans is given below:
					2023	2022
	Amounts falling due within		one year on demand:
	Bank loans				93,847	56,364
	Amounts falling between	one and two years:
	Bank loans - 1-2years				101,848	56,364
	Amounts falling due between		two and five years:
	Bank loans - 2-5 years				305,544	169,092
	Amounts falling due in more		than five years:
	Repayable by instalments:
	Bank loans more 5 yr by	instal			990,161	303,341
6.	LEASING AGREEMENTS
	Minimum lease payments	under non-cancellable		operating	leases fall due as follows:
					2023	2022
	Within one year				464i407	425,297
	Between one and five years				1,682,288	1,193,134
	ln more than five years				874,174	575,425
					3,020,869	2,193,856
.	SECURED DEBTS
	The following secured debts are included within			creditors:
					2023	2022
	Bank loans				1,491,400	585,161

							Net
							movement	At
						At 1.4.22	in funds	31.3.23
Unrestricted funds
General Fund						3,226,739	53,972	3,280,711
Development and		Maintenance			Fund	265,508		265,508
COVID Recovery		Fund				142,561	(80,021)	62,540
						3,634,808	(26,049)	3,608,759
Restricted funds
Transport Fund						595		595
Day Opportunities		Fund				4,932	863	5,795
Respite Fund						1,187	(111)	1,076
Communal Assets		Fund				4,788	(4,333)	455
Hardship Benevolent			Fund			11,651		11,651
Poppy Place Fund						30,343	(4,078)	26,265
Vehicle Fund						9472	(3,748)	5,624
Queens Court Fund						400		400
Gateway Fund							3,566	3,566
Kings Court Fund							737	737
Supported Living	Garden Fund						3,720	3,720
Daisy Court Fund							100,000	100,000
						63,268	96,616	159,884
TOTAL FUNDS						3,698,076	70,567	3,768,643
Net movement in funds,				included	in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted funds
General Fund						5,038,769	(4,984,797)	53,972
COVID Recovery Fund							(80,021)	(80,021)
						5,038,769	(5,064,818)	(26,049)
Restricted funds
Day Opportunities	Fund					4,875	(4,012)	863
Respite Fund						1400	(1,311)	(11I)
Communal Assets Fund							(4,333)	(4433)
Poppy Place Fund						1,150	(5,228)	(4,078)
Vehicle Fund							(3,748)	(3,748)
Gateway Fund						5,000	(1,434)	3,566
Kings Court Fund						1,050	(313)	737
Supported Living Garden				Fund		3,720		3,720
Daisy Court Fund						100,000		100,000
						116,995	(20479)	96,616
TOTAL FUNDS						5,155,764	(5,085,197)	70,567

							Net
							movement	At
						At 1.4.21	in funds	31.3.22
							f.
Unrestricted funds
General Fund						2,767,909	458,830	3,226,739
Development and		Maintenance			Fund	265,508		265,508
COVID Recovery		Fund				142,561		142,561
						3,175,978	458,830	3,634,808
Restricted funds
Transport Fund						5,288	(4,693)	595
Day Opportunities		Fund				5,242	(310)	4,932
Respite Fund						975	212	1,187
Communal Assets		Fund				4,788		4,788
Hardship Benevolent			Fund			10,165	1,486	11,651
Poppy Place Fund							30,343	30,343
Vehicle Fund						13,120	(3,748)	9,372
Queens Court Fund							400	400
						39,578	23,690	63,268
TOTAL FUNDS						3,215,556	482,520	3,698,076
Comparative net movement				in funds, included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						f.
Unrestricted funds
General Fund						5,065,235	(4,606,405)	458,830
Restricted funds
Transport Fund							(4,693)	(4,693)
Day Opportunities	Fund						(310)	(310)
Respite Fund						630	(418)	212
Hardship Benevolent			Fund			1,986	(500)	1,486
Poppy Place Fund						32,522	(2, 179)	30,343
Vehicle Fund							(3,748)	(3,748)
Queens Court Fund						3,018	(2,618)	400
						38,156	(14,466)	23,690
TOTAL FUNDS						5,103,391	(4,620,871)	482,520