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