| Page | ||
|---|---|---|
| Report of the Trustees | 1 to 5 | |
| Report ofthe Independent Auditors |
6to8 | |
| Statement of Financial Activities |
||
| Balance Sheet | 10 | |
| Cash Flow Statement | ||
| Notes to the Cash Flow Statement | 12 | |
| Notes to the Financial Statements | 13to 20 | |
| Detailed Statement of Financial |
Activities | 21 to 22 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total funds | ||||||
| funds | |||||||
| Notes | E | ||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 3,965 | 19,103 | ||||
| Other grants | 48,227 | ||||||
| Charitable | activities | ||||||
| Residential | care homes and accomodation | 2,559,318 | 2,669,977 | ||||
| Investment | income | 96 | 224 | ||||
| Total | 2,563,379 | 2,737,531 | |||||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Residential | care homes and accomodation | 2,485,430 | 2,601,666 | ||||
| Other | 2,247 | 2,247 | |||||
| Total | 2,487,677 | 2,603,913 | |||||
| NET INCOME | 75,702 | 133,618 | |||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds | brought | forward | 995,457 | 861,839 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,071 159 | 995,457 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total funds | ||||
| funds | |||||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible | assets | 12 | 249,450 | 253,196 | |
| CURRENT ASSETS | |||||
| Debtors | 13 | 72,055 | 108,208 | ||
| Cash at | bank | 858 701 | 712,363 | ||
| 930,756 | 820,571 | ||||
| CREDITORS | |||||
| Amounts | falling due within one year | 14 | (109,047) | (78,310) | |
| NET CURRENT ASSETS | 821,709 | 742,261 | |||
| TOTAL | ASSETS LESSCURRENT LIABILITIES | 1,071,159 | 995,457 | ||
| NET ASSETS | 1,071,159 | 995,457 | |||
| FUNDS | 16 | ||||
| Unrestricted funds |
|||||
| Designated | funds | 250,000 | 250,000 | ||
| General funds | 821,159 | 745,457 | |||
| TOTAL | FUNDS | 1 071 159 | 995,457 |
| Notes | 2022 f |
2021 f |
|||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | ||||||
| Cash generated from operations |
146,338 | 130,387 | |||||
| Net cash provided by operating |
activities | ||||||
| 146,338 | 130,387 | ||||||
| Cash flows from investing | activities: | ||||||
| Purchase oftangible fixed assets |
|||||||
| Net cash provided by (used in) |
investing | ||||||
| activities | |||||||
| Change in cash and cash |
equivalents | in the | |||||
| reporting period |
146,338 | 130,387 | |||||
| Cash and cash equivalents | at the beginning | of | |||||
| the reporting period |
712,363 | 581,976 | |||||
| Cash and cash equivalents | at the end | ofthe | |||||
| reporting period |
858 701 | 712,353 |
| RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW | OF NET INCOME TO NET CASH FLOW | OF NET INCOME TO NET CASH FLOW | FROM OPERATING | ACTIVITIES | |
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Net income | for the | reporting | period (as per the statement | offinancial | |||
| activities) | 75,702 | 133,618 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 3,746 | 3,830 | ||||
| Increase/(decrease) | in debtors | 33,875 | (21,886) | ||||
| Increase in |
creditors | 33,015 | 14,825 | ||||
| Net cash provided | by operating | activities | 146,338 | 130,387 |
| line basi | s over the asset's estimate | d useful lives as follows; |
||
|---|---|---|---|---|
| Freehold | land | not depreciated | ||
| Freehold | buildings | Over 50 years straight | line | |
| Fixtures | and fittings | 25%/33% straight | line | |
| Office equipment | 25% on cost |
| DONATI | ONS | AND LE | G | ACIES | ||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| F | ||||||||
| Contributions | towards | pension costs | 3965 | 19,103 | ||||
| 3965 | 19,103 | |||||||
| OTHER | GRANTS | |||||||
| 2022 | 2021 | |||||||
| E | F | |||||||
| Job Retention | Scheme | 48,227 | ||||||
| INVESTMENT | INCOME | |||||||
| 2022 | 2021 | |||||||
| Bank interest | 96 | 224 | ||||||
| INCONIE | FROM CHARITABLE ACTIVITIES | |||||||
| 2022 | 2021 | |||||||
| London | Borough of Lewisham | 1,877,246 | 1,933,620 | |||||
| Bargery | Road | Registered | Care Home | 301,617 | 295,583 | |||
| Outreach | service | 275,311 | 279,828 | |||||
| COVID-19 funding | 105144 | 160,946 | ||||||
| 2 | 559,316 | 2,669,977 | ||||||
| CHARITABLE | ACTIVITIES COSTS | |||||||
| Support | ||||||||
| Direct costs | costs | Totals | ||||||
| (See note 6) | ||||||||
| E | F | |||||||
| Residential care homes |
and accommodation | 2 321,301 | 164,129 | 2,485,430 |
| Support | Governance | |||||||
|---|---|---|---|---|---|---|---|---|
| Administration | services | costs | Totals | |||||
| E | E | |||||||
| Residential | care homes | and accommodation | 145,419 | 11,750 | 6 960 | 164129 | ||
| NET INCOME/(EXPENDITURE) | ||||||||
| Net income/(expenditure) | is stated | after charging/(crediting); | ||||||
| 2022 | 2021 | |||||||
| F | f | |||||||
| Auditors' | remuneration | 6,960 | 6,420 | |||||
| Auditors' | remuneration | for non-audit | work | |||||
| Depreciation | - owned assets | ~3746 | 3,830 |
| STAFF | COSTS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Total staff emoluments | for the year were as follows: | |||
| Salary costs | 2,060,193 | 2,139,137 | ||
| National | insurance | 185,342 | 193,232 | |
| Pension | costs | 50,542 | 51,214 | |
| 2,296,077 | 2,383,583 |
| The num | ber ofemployees whose emoluments fell with |
in the following bands, were: |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| No. | No. | |||
| F80,001 | —F90,000 | 0 | ||
| F90,001 | —F100,000 | 1 |
| COMPARA | TIVES FOR THE ST | ATEMENT OF FINANCIAL ACTIVITIE | S |
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| F | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Donations and legacies |
19,103 | ||
| Other grants | 48,227 | ||
| Charitable | activities | ||
| Residential | care homes and accommodation | 2,669,977 | |
| Investment | income | 224 | |
| Total | 2,737,531 | ||
| EXPENDITURE ON | |||
| Charitable | activities | ||
| Residential | care homes and accommodation | 2,601,666 | |
| Other | 2,247 | ||
| Total | 2,603,913 | ||
| NET INCOME | 133,618 | ||
| RECONCILIATION OF FUNDS |
|||
| Total funds | brought forward |
861,839 | |
| TOTAL FUNDS CARRIED FORWARD | 995,457 |
| 12. | TANGIBLE FIXEDASSETS | |||||||
| Freehold | Fixtures and | Office | ||||||
| property f |
fittings | equipment f |
Totals f |
|||||
| COST | ||||||||
| At 1 April 2021 | 262,372 | 2,054 | 56,201 | 320,627 | ||||
| Additions | ||||||||
| Disposals | ||||||||
| At 31 March 2022 | 262,372 | 2,054 | 56,201 | 320,627 | ||||
| DEPRECIATION | ||||||||
| At 1 April 2021 | 11,235 | 2,054 | 54,142 | 67,431 | ||||
| Charge for year | 2,247 | 1,499 | 3,746 | |||||
| Eliminated on disposal |
||||||||
| At 31 March 2022 | 13,482 | 2,054 | 55,641 | 71,177 | ||||
| NET BOOK VALUE | ||||||||
| At 31 March 2022 | 248,890 | 560 | 249,450 | |||||
| At 31 March 2021 | 251,138 | 2,055 | 253,196 | |||||
| Included in Freehold |
property | is F150,000(2021:f150,000) relating to land. | ||||||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2022 f |
2021 F |
|||||||
| Additional contract income |
receivable | 40,885 | 79,100 | |||||
| Other debtors | 2,000 | 546 | ||||||
| Prepayments and accrued |
income | 29,170 | 28,562 | |||||
| 72,055 | 108,208 | |||||||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2022 f |
2021 f |
|||||||
| Trade creditors | 68,414 | 36,066 | ||||||
| Other creditors | 6,124 | 8,402 | ||||||
| Accruals and deferred |
income | 34,509 | 33,852 | |||||
| 109,047 | 78,310 |
| The charity had total commitments under an operating leas |
e as follows: | |
|---|---|---|
| 2022 | 2021 | |
| Expiring: | ||
| Within one year | 34,000 | 34,000 |
| Between one and five years | 136,000 | 136,000 |
| In more than five years | 45923 | 79,923 |
| 215,923 | 249,923 |
| At the 31 March 2022 the charity | At the 31 March 2022 the charity | At the 31 March 2022 the charity | At the 31 March 2022 the charity | had annual | commitments | under | an operating | lease | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| as follows; | ||||||||||||
| 2022 | 2021 | |||||||||||
| E | ||||||||||||
| Expiring; | ||||||||||||
| Within one year | ||||||||||||
| Between | one | and five years | ||||||||||
| In more | than | five years | 34,000 | 34,000 | ||||||||
| MOVEMENT | IN FUNDS | |||||||||||
| Net | ||||||||||||
| movement | in | |||||||||||
| At 1/4/21 | funds | At 31/3/22 | ||||||||||
| E | ||||||||||||
| Unrestricted | funds | |||||||||||
| General | fund | 75,457 | 75,702 | 821,159 | ||||||||
| Redundancy | costs | 250,000 | 250,000 | |||||||||
| 995,457 | 75,702 | 1,071,159 | ||||||||||
| TOTAL | FUNDS | 995,457 | 75 | 702 | 1,071 159 | |||||||
| Net movement | in funds, | included | in the above | are as follows: | ||||||||
| Incoming | Resources | Movement | in | |||||||||
| resources | expended | funds | ||||||||||
| E | ||||||||||||
| Unrestricted | funds | |||||||||||
| General | fund | |||||||||||
| TOTAL | FUNDS | 2563379 | ~2,487,677) | 75,702 |
| MOVEMENT | MOVEMENT | IN FUNDS (cont | IN FUNDS (cont | inued) | inued) | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Comparatives | for movement | in funds | ||||||||
| Net | ||||||||||
| movement in |
||||||||||
| At 1/4/20 | funds | At 31/3/21 | ||||||||
| Unrestricted | Funds | |||||||||
| General | fund | 661,839 | 83,618 | 75,457 | ||||||
| Redundancy | costs | 200,000 | 50,000 | 250,000 | ||||||
| 861,839 | 133,618 | 995,457 | ||||||||
| TOTAL | FUNDS | 861,839 | 133,618 | 995,457 | ||||||
| Comparative | net movement | in | funds, | included | in the above are | as follows: | ||||
| Incoming | Resources | Movement | in | |||||||
| resources | expended | funds | ||||||||
| Unrestricted | funds | |||||||||
| General | fund | |||||||||
| TOTAL | FUNDS | 273753,1, | ~'2,693,913) | 133,618 |