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|||Page|
|---|---|---|
|Report ofthe Trustees||1to9|
|Report ofthe Independent|Auditors|10to 12|
|Statement of Financial Activities||13|
|Balance Sheet||14|
|Statement of Cash Flow|||
|Notes to the Financial Statements||16to 26|
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|OBJECTIVE|OBJECTIVE||||RISK|||HOW WE MANAGE THE RISK||
|---|---|---|---|---|---|---|---|---|---|
|Provide|good||quality||Poorquality|care and/or||Appropriately
trained
and remunerated
staff,||
|homes|and|services||to|beaches of|Health and||internal
audit programme
including
regular||
|vulnerable||people.|||Safety legislation.|||Health 8 Safety audits, monitored
by Finance||
|||||||||and Resources Committee,
Trustee appointed|to|
|||||||||be lead responsibility
for safeguarding
and a||
|||||||||Quality Assurance
Audit programme
that include||
|||||||||service user feedback, monitored
by Quality||
|||||||||Committee.||
|Financially||sustainable|||Low occupancy,
poor|||5-year financial forecast was presented to the||
|charity|||||fundraising|returns,
not||Board ofTrustees September 2022. Regular||
||||||retaining
Ioca I authority|||review ofoccupancy,
2year rolling fundraising||
||||||contracts, poor control||of|plan, management
ofsickness absence,||
||||||expenditure,|impact of||employee
retention,
delivering
excellent||
||||||inflation
and Govt review of|||services, budget management
including
regular||
||||||Exempt Accommodation.|||review ofagency costs, business cases approval||
|||||||||for new opportunities,
retendering
ofsupplier||
|||||||||contracts.||
|Motivated||staff|team||Dissatisfied|staff leading to||Annual staff survey, ongoing support
via||
||||||higherturnover
and|||Chaplaincy
service, review ofpay and rewards|in|
||||||sickness|||October 2022, commitment
to Living Wage and||
|||||||||paid and volunteer
staff training.||
|Secure|and|reliable||IT|Potential
breaches ofData|||Regular review meeting
with outsourced
IT||
|systems|||||Protection|legislation,|cyber|services provider
which included
protection||
||||||attacks|||against cyber attack||
|Leadership|||||Not achieving
vision, not|||Recruitment
of new Trustees
being undertaken|in|
||||||addressing|issues, loss|of|2023. A new member of Leadership
team joined||
||||||external confidence|||ctober 2022,to manage the charity's services|to|
|||||||||oung people.||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Note|E|E|6||
|INCOME AND ENDOWMENTS|FROM:||||||
|Donations
and legacies||3|346,590|815,647|1,162,237|1,277,422|
|Charitable
activities||4|9,410,459||9,410,459|8,001,199|
|Other trading
activities||5|611,563|1,000|612,563|715,207|
|Investment
Income||6|8,542||8,542|181|
|Total income|||10,377,154|816,647|11193801|9994 009|
|EXPENDITURE ON:|||||||
|Raising funds, marketing|and trading||||||
|activities||7|932,021||932,021|883,317|
|Charitable
activities||7|9,969,437|562,912|10,532,349|9,286,031|
|Total expenditure|||10,901,458|562912|11,464,370|10,169,348|
|NET INCOME/(EXPENDITURE)|||(524,304I|253,735|(270,569)|(175,339)|
|Transfers between
funds|||||||
|NET MOVEMENT
IN FUNDS|||(524,304)|253,735|(270,569)|(175,339)|
|RECONCILIATION
OF FUNDS:|||||||
|Total funds brought
forward|||3,391,477|215,442|3,606,919|3,782,258|
|TOTAL FUNDS CARRIED FORWARD|||2,867,173|469,177|3,336,350|3,606,919|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|E|E|
|CASH FLOWS FROM OPERATING ACTIVITIES:||||||||
|Net cash provided
by/(used
in) operating||activities|||a|23,568|131,618|
|Cash|flows from investing
activities:|||||||
||Purchase ofproperty
and other fixed assets|||||(38,734)|(122,017)|
||Proceeds from disposal offixed assets||||||4,500|
|Net cash provided
by/(used
in) investing||activities||||(38,734)|(117,517)|
|Cash|flows from financing
activities:|||||||
||Repayments
ofborrowing|||||(267,338)|(292,965)|
||Cash inflows from new borrowing|||||||
|Net cash provided
by/(used
in) financing||activities||||(267,338)|(292,965)|
|CHANGE
IN CASH AND CASH EQUIVALENTS FOR THE YEAR||||||(282,504)|(278,864)|
|Cash|and cash equivalents
brought forward||||Is|1,367,104|1,645,968|
|CASH AND CASH EQUIVALENTS CARRIED||FORWARD||||||
|AT 31 MARCH|||||b|1,084,600|1,367,104|
|a)|Reconciliation
ofnet income/(expenditure)|||to net cash|flow from|operating
activities||
|||||||2023|2022|
|||||||6|6|
||Net income/(expenditure)
for the year as||per|the||||
||Statement of Financial Activities|||||(270,569)|(175,339)|
||Adjusted for:|||||||
||Depreciation|||||253,655|269,785|
||Loss on disposal offixed assets||||||1,625.00|
||(Increase)/decrease
in debtors|||||234,968|(278,934)|
||Increase/(decrease)in
creditors|||||(194,486I|314,481|
||Net cash (used in)/provided
by operating||activities|||23,568|131,618|
|b)|Analysis of cash and cash equivalents|||||||
|||||||2023|2022|
|||||||E|E|
||Cash at bank and in hand|||||1,084,600|1,367,104|
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|Land||Not depreciated|
|---|---|---|
|Freehold|buildings|SO years|
|Short leasehold
buildings||Period oflease|
|Furniture|and equipment|4years|
|Computer|equipment|4years|
|Motor vehicles||4years|
|Short life|assets|1year|
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|2.
Comparative
Statement|of Financial Activities|-comparative
balances|as at31March 20|22|
|---|---|---|---|---|
|||||2022|
||||Restdcted|Total|
||||E|6|
|INCOME AND ENDOWMENTS|FROM:||||
|Donations
and legacies||728,649|548,773|1,277,422|
|Charitable
activities||8,001,199||8,001,199|
|Other trading
activities||715,207||715,207|
|Investment
Income||181||181|
|Total income||9,445,236|548,773|9,994,009|
|EXPENDITURE ON:|||||
|Raising funds, marketing|and trading||||
|activities||883,317||883,317|
|Charitable
activities||8,659,416|626,615|9,286,031|
|Total expenditure||9,542,733|626,615|10,169,348|
|NET INCOME/(EXPENDITURE)||(97,497)|(77,842)|(175,339)|
|Transfers
between
funds|||||
|NET MOVEMENT
IN FUNDS||(97,497)|(77,842)|(175,339)|
|RECONCILIATION
OF FUNDS:|||||
|Total funds brought forward||3,488,974|293,284|3,782,258|
|TOTAL FUNDS CARRIED FORWARD||3,391,477|215,442|3,606,919|
##
|||Forthe|Forthe|Forthe|year ended 31Mar|ch 2023|||
|---|---|---|---|---|---|---|---|---|
|3.|Donations|and legacies|||||Total|Total|
||||||Unrestricted|Restricted|2023|2022|
||||||f|E|f|f|
||Charitable|Trusts|- genera( grants||86,212|790,403|876,615|555,195|
||Clther general grants||||3,023||3,023|167,179|
||Corporate|donations|||23,049|15,306|38,355|68,707|
||Individual|donations|||188,634|9,938|198,572|423,155|
||Church/community|||groups|35,672||35,672|40,476|
||Legacies||||10,000||10,000|22,710|
||||||346,590|815,647|1,162,237|2377,422|
||2022 total||||728,649|548,773|1,277,421||
|4.|Charitable|activities|||||Total|Total|
||||||Unrestricted|Restricted|2023|2022|
||||||f|E|f|f|
||Housing support||contracts||961,349||961,349|1,038,082|
||Other public sector|||contracts|946,411||946,411|706,448|
||Other contracts||||3,410,947||3,410,947|2,554,098|
||Accommodation||charges||4,061,570||4,061,570|3,686,661|
||Other income||||30,182||30,182|15,910|
||||||9,410,459||9,410,459|8,001,199|
||2022 fatal||||8,001,199||8,001,199||
|5.|Other trading activities||||||Total|Total|
||||||Unrestricted|Restricted|2023|2022|
||||||f|E|f|E|
||Fundraising|events|||185,359|1,000|186,359|222,435|
||Sales from|retail|activities||395,214||395,214|360,168|
||Other income||||30,990||30,990|132,604|
||||||611,563|1,000|612,563|715,207|
||2022 total||||725,207||715,207||
|6.|Investment|income|||||Total|Total|
||||||Unrestricted|Restricted|2023|2022|
||||||f|f|E|E|
||Bank interest||||8,542||8,542|181|
||||||8,542||8,542|181|
||2022 total||||181||||
##
|||||F|or the y|ear ended|31March 2|023|||
|---|---|---|---|---|---|---|---|---|---|---|
|7.|Expenditure|||||Staff|Other|Support|Total|Total|
|||||||costs|direct costs|costs|2023|2022|
|||||||E|E|E|E||
||Raising funds, marketing|||and trading|activities||||||
||Fund raising and|marketing||team|467,487|||64,904|532,391|543,171|
||Charity shops||||210,920||139,991|48,719|399,630|340,146|
||||||678,407||139,991|113,623|932,021|883,317|
||Charitable
activities||||||||||
||Veterans
housing||||702,306||702,849|195,087|1,6D0,242|1,628,111|
||Homeless||||1,188,819||991,213|302,668|2,482,700|2,291,554|
||Young people||||1,181,611||780,006|272,344|2,233,961|2,150,262|
||Mental health||||800,105||313,901|154,665|1,268,671|598,229|
||Learning disabilities||||1,347,792||248,975|221,690|1,818,457|1,723,153|
||Training
and development||||591,567||175,308|106,470|873,345|509,976|
||Veterans training|and|enterprise|||138,406|85,483|31,084|254,973|384,746|
||||||5,950,606||3,297,735|1,284,008|10,532,349|9,286,031|
||||||6,629,013||3,437,726|1,397,631|11,464,370|10,169,348|
||TOTAL 2022||||5,654,511||3,232,476|1,282,361|10,169,348||
|8.|Support costs||||||||Total|Total|
||||||||||2023|2022|
||||||||||E|E|
||Staff costs||||||||676,450|609,270|
||Property costs||||||||59,812|55,960|
||ITcosts||||||||158,817|172,468|
||HR and administration||costs||||||380,728|350,520|
||Finance charges||||||||121,824|94,143|
||||||||||1,397,631|1,282,361|
|9.|Net income/(expenditure)||||||||Total|Tatal|
||||||||||2023|2022|
||This is stated after charging:||||||||E|E|
||Depreciation||||||||253,655|269,785|
||Loss on disposal|offixed assets||||||||1,625|
||Auditors'
remuneration:||||||||||
||- audit||||||||9,120|9,420|
||—non-audit||||||||2,664|2,580|
||Operating
lease|rentals:|||||||||
||- property||rental||||||1,248,759|1,283,413|
##
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|Staff costs and numbers|Staff costs and numbers||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||6|6|
|Salaries and wages|||||||6,089,752|5,188,880|
|Sessional staff (including||agency)|||||500,172|496,125|
|Employer's
national|insurance||and contributions||||535,330|414,734|
|Employer's
pension|contributions||||||180,209|164,042|
||||||||7,305,463|6,263,781|
|The average number|of|people|employed,|including|part-time|staff.|2023|2022|
||||||||No.|No.|
||||||||283|257|
##
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|14.|Tangible fixed assets||||||
|---|---|---|---|---|---|---|
|||Freehold|Short leasehold||Motor||
|||property|property|Equipment|vehicles|Total|
|||E|E|E|6|E|
||Cost||||||
||At 1Apnl 2022|5,801,361|405,944|308,532|83,713|6,599,550|
||Additions|5,425|11,025|22,284||38,734|
||Disposals||||||
||At 31March 2023|5,806,786|416,969|330,816|83,713|6,638,284|
||Depreciation||||||
||At 1April 2022|833,665|144,696|201,470|25,679|1,205,510|
||Charge for the year|111,836|48,186|63,825|29,808|253,655|
||Eliminated
on disposals||||||
||At 31 IVlarch 2023|945,501|192,882|265,295|55,487|1,459,165|
||At 31March 2023|4,861,285|224,087|65,521|28,226|5,179,119|
||At 31March 2022|4,967,696|261,248|107,062|58,034|5,394,040|
|15.|Investments||||2023|2022|
||||||E|E|
||Unlisted
UK equity investments||||9,000|9,000|
|16.|Debtors||||2023|2022|
||||||E|E|
||Trade debtors||||322,613|595,458|
||Deposits||||28,371|21,496|
||Accrued income||||197,465|189,550|
||Prepayments||||116,547|93,460|
||||||664,996|899,964|
##
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|Creditors: amounts|Creditors: amounts|due within one year|2023|2022|
|---|---|---|---|---|
||||E|6|
|Trade creditors|||163,846|190,914|
|Tax and National|insurance||138,730|113,991|
|Deferred income|(note 19)||205,591|351,122|
|Other creditors|||63,897|54,190|
|Bankloan|||273,303|290,541|
|Accruals|||168,676|207,771|
||||1,014,043|1,208,529|
|Creditors: amounts||due after more than one year|2023|2022|
||||6|E|
|Bankloans|||2,587,322|2,854,660|
|Repayable
by instalments:|||2023|2022|
||||6|E|
|Less than 1year|||273,303|290,541|
|Between 2 and 5years|||1,014,520|1,128,535|
|In 5 years or mare|||1,572,802|1,726,125|
||||2,860,625|3,145,201|
##
|and 12y|ear term at 3.89%fixed/2. 15N above base, mat|uring
m September 2031and July 2|033.|
|---|---|---|---|
|Deferred|Income|2023|2022|
|||E|6|
|Total deferred
income at 1April||351,122|171,183|
|Additions|during the year|2,368,387|2,086,909|
|Released|to income|(2,513,918)|(1,906,970)|
|Total deferred
income at 31March||205,591|351,122|
##
##
|As at 31March the|charity had|total future|minimum|lease payments|lease payments|under non-cancellable
operating|under non-cancellable
operating|leases||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||f|f.|
|Less than 1year||||||||72,178|115,210|
|Between 2 and 5years||||||||1,008,502|1,011,614|
|In 5years or more||||||||168,079|156,589|
|Statement offunds||||||||||
||||Balance at||incoming||Outgoing|Transfers|Balance at31|
||||1|Apr 22|resources||resources|to/(from)|Mar 23|
|||||f|||f|f|f|
|Restricted funds:||||||||||
|Veterans
housing||||||227,365|(191,005)||36,360|
|Homeless||||6,116||31,033|(31,035)||6,114|
|Young People:||||||||||
|Salisbury Mother|gr Baby|||28,000||280,000|(28,000)||280,000|
|Other Young People||||29,689||24,053|(33,742)||20,000|
|Learning disabilities|and mental|health:||||||||
|Riverside Sanctuary||||41,690|||(41,690)|||
|Learning disabilities||||10,064||15,000|(10,064)||15,000|
|Training and development||||26,874||18,670|(38,240)||7,304|
|Veterans
training
and enterprise||||64,842||217,526|(177,969)||104,399|
|Centralservices||||8,167||3,000|(11,167)|||
||||215,442|||816,647|(562,912)||469,177|
|Unrestricted
funds:||||||||||
|General - fixed assets|||2,248,839||||(253,655)|323,310|2,318,494|
|General - other funds|||1,142,638||10,377,154||(10,647,803)|(323,310)|548,679|
||||3,391,477||10,377,154||(10,901,458)||2,867,173|
||||3,606,919||11,193,801||(11,464,370)||3,336,350|
##
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||||Balance at|Incoming|Outgoing|Transfers|Balance at31|
|---|---|---|---|---|---|---|---|
||||1Apr 21|resources|resources|to/(from)|Mar 22|
||||f.||f.|6|6|
|Restricted funds:||||||||
|Veterans|housing||41,296|187,198|(228,494)|||
|Homeless|||5,199|26,769|(25,852)||6,116|
|Young People:||||||||
|Salisbury|Mother &|Baby|28,000|28,000|(28,000)||28,000|
|Other Young People|||3,000|72,909|(46,220)||29,689|
|Learning|disabilities|and mental|health:|||||
|Riverside|Sanctuary||1,600|54,833|(14,743)||41,690|
|Learning|disabilities||80|16,129|(6,145)||10,064|
|Training|and development||18,352|34,861|(26,339)||26,874|
|Veterans|training
and enterpdse||152,071|124,825|(212,054)||64,842|
|Centralservices|||43,686|3,249|(38,768)||8,167|
||||293,284|548,773|(626,615)||215,442|
|Unrestricted
funds:||||||||
|General|—fixed assets||2,681,038||(269,785)|(162,414)|2,248,839|
|General|- other funds||807,936|9,445,236|(9,272,948)|162,414|1,142,638|
||||3,488,974|9,445,236|(9,542,733)||3,391,477|
||||3,782,258|9,994,009|(10,169,348)||3,606,919|
##
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##
|Analysis ofnet assets between
funds||||||
|---|---|---|---|---|---|
|||Iilet current|Creditors|&1||
||Fixed assets|assets|year||Total|
|||E|E||E|
|Restricted funds||469,177|||469,177|
|Unrestricted
funds:||||||
|General-fixed
assets|5,179,119|(273,303)|(2,587,322)||2,318,494|
|General- other funds|9,000|539,679|||548,679|
|Net assets at the end ofthe year|5,188,119|735,553|(2,587,322)||3,336,350|
|||Net current|Creditors|&1||
|---|---|---|---|---|---|
||Fixed assets|assets|year||Total|
||E|E|E||E|
|Restricted funds||215,442|||215,442|
|Unrestricted
funds:||||||
|General- fixed assets|5,394,040|(290,541)|(2,854,660)||2,248,839|
|General- other funds|9,000|1,133,638|||1,142,638|
|Net assets as at 31March 2022|5,403,040|1,058,539|(2,854,660)||3,606,919|
##
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