| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1io 5 | ||
| Report ofthe Independent Auditors |
6to 8 | ||
| 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 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | 2 | 5 | |||
| INCOME | AND ENDOWMENTS | FROM | |||
| Donations | and legacies | 1,334 | 3,965 | ||
| Charitable | activities | ||||
| Residential | care homes and accommodation | 2,156,734 | 2,559,318 | ||
| Investment | income | ~3675 | |||
| Total | 2,161,743 | 2,563,379 | |||
| EXPENDITURE ON | |||||
| Charitable | activities | ||||
| Residential | care homes and accommodation | 2,366,996 | 2,485,430 | ||
| Other | 2,247 | 2247 | |||
| Total | 2 369242 | 2 487677 | |||
| NET INCOME | (207,499) | 75,702 | |||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
1,071,159 | 995,457 | |||
| TOTAL FUNDS CARRIED FORWARD | ~663860 | 1,071.159 |
| 2923 | 2072 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 246,676 | 249,450 | |||
| CURRENT ASSETS | |||||
| Debtors Cash at bank |
70,476 ~513101 |
72,055 858,701 |
|||
| 683,576 | 930,756 | ||||
| CREDITORS | |||||
| Amounts falling due within one year |
(66,592I | (I09,047) | |||
| NET CURRENT ASSETS | 616,984 | 821,709 | |||
| TOTAL ASSETS | LESSCURRENT LIABILITIES | 863,660 | 1,071,159 | ||
| NET ASSETS | ~863660 | 1,071,159 | |||
| FUNDS | |||||
| Unrestricted funds |
|||||
| Designated funds General funds |
90,000 ~773660 |
250,000 621,159 |
|||
| TOTALFUNDS | 883.660 | 1,071,159 |
| Notes | 2023 f |
||||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | ||||||
| Cash generated from operations |
~248 600) | ~148338 | |||||
| Net cash provided by operating |
activities | ||||||
| ~263 | ~148338 | ||||||
| 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 |
(245,600) | 146,338 | |||||
| Cash and cash equivalents | at the beginning | of | |||||
| the reporting period |
658701 | ~712383 | |||||
| Cash and cash equivalents reporting period |
at the end | ofthe | ~613 101 | 858,701 |
| RECONCILIATION | OF NET I | NC | OME TO NET CASH FLOW FROM OPERATIN | G ACTIVITIES | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | 6 | ||||
| Net income forthe activities) |
reporting | period (as per the statement offinancial | (207,499) | 75,702 | |
| Adjustments for: Depreciation charges Increaser(decrease) in debtors Increase m creditors |
2,774 1,680 ~42466) |
3,746 33,875 ~33 015 |
|||
| Net cash provided | by operati | ng | activities | ~246,600) |
| DONATIONS | AND LE | G | ACIES | |||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| 6 | ||||||
| Contnbutions | towards | pension costs | ~1334 | |||
| ~fi | ||||||
| INVESTMENT | INCOME | |||||
| 2023 | 2022 | |||||
| Bank interest | ||||||
| INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2023 | 2022 | |||||
| 6 | ||||||
| London Borough of Lewisham Bargery Road Registered Care Home Outreach service COVID-19 funding |
1,516,309 305,250 281,207 ~53 968 |
1,877,246 301,617 275,311 ~105144 |
||||
| ~2158734 | 2.55fit318 | |||||
| CHARITABLE | ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct costs | costs | Totals | ||||
| (See note 6) | ||||||
| 6 | R | 8 | ||||
| Residential care homes |
and accommodation | ~2223 773 | ~143222 | 29NM 898 |
| 6. | SUPPORT COSTS | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Support | Governance | ||||||||||||||
| Administrationf | services f |
costs 6 |
Totals f |
||||||||||||
| Residential care homes |
and accommodation | 118,443 | 9,882 | 14,897 | ~143 | 22 | |||||||||
| 7, | NET INCONIE/(EXPENDITURE) | ||||||||||||||
| Net income/(expenditure) | is stated | after charging/(crediting). | |||||||||||||
| 2023 | 2022 | ||||||||||||||
| f | |||||||||||||||
| Auditors' remuneration |
7,200 | 6,960 | |||||||||||||
| Auditors' remuneration Depreciation -owned |
for non-audit assets |
work | 2,340 ~774 |
~3746 | |||||||||||
| L | TRUSTEES' REMUNERATION AND |
BENEFITS | |||||||||||||
| None ofthe trustees | received any remuneration | in the year (2022:FNil). | |||||||||||||
| Trustees' expenses | |||||||||||||||
| During the year, none | ofthe Trustees | had expenses | reimbursed | (2022: FNil) | |||||||||||
| STAFF COSTS | |||||||||||||||
| Total staff emoluments | for the year | were as | follows. | 2023f | 2022 f. |
||||||||||
| Salary costs National insurance |
1,989,160 154,864 |
2,060,193 185,342 |
|||||||||||||
| Pension costs | 4614 | 50,542 | |||||||||||||
| 188688 | 2 | ||||||||||||||
| Included in salary costs |
are amounts | paid to agency | staff of663,526 (2022,F55,627), | ||||||||||||
| Included in staff costs |
are amounts | categorised | as Outreach costs of | 6244,333 | (2022: | 6209,691). | |||||||||
| The average number |
of people, excluding |
trustees, | employed | by the company | during | the year amounted to |
6 | ||||||||
| (2022:74),of which 4 | (2022:4)were | administrative | and the remainder | were chantable | |||||||||||
| The number ofemployees whose emoluments |
fell within the following | bands, were: | |||||||||||||
| 2023 | 2022 | ||||||||||||||
| No. | No. | ||||||||||||||
| F60,000 - 570,000 | 1 | ||||||||||||||
| F90,001 - 6100,000 f160,001 —F190,000 |
1 | 1 |
| COMPARATIVES F | OR THE ST | ATEMENT OF FINANCIAL ACTIVITIE | S |
|---|---|---|---|
| Unrestncted | |||
| funds | |||
| 8 | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Donations and legaaes |
3,965 | ||
| Other grants | |||
| Charitable activities |
|||
| Residential care homes and accommodation |
2,559,318 | ||
| Investment income |
96 | ||
| Total | 2,563,379 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Residential care homes and accommodation |
2,485,430 | ||
| Other | 2,247 | ||
| Total | 2,487,677 | ||
| NET INCOME | 75,702 | ||
| RECONCILIATION OF FUNDS |
|||
| Total funds brought | forward | 995,457 | |
| TOTAL FUNDS CARRIED FORWARD | ~1,071 159 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Fixtures and | Office | ||
| property f |
fittings f |
equipment f, |
Totals f |
|
| COST | ||||
| At 1 April 2022 | 262,372 | 2,054 | 56,201 | 320,627 |
| Additions | ||||
| Disposals | ||||
| At 31 March 2023 | ~262 372 | 2,054 | ~56201 | ~$20627 |
| DEPRECIATION | ||||
| At 1 April 2022 Charge for year |
13,482 2,247 |
55,641 527 |
71,177 2,774 |
|
| Eliminated on disposal |
||||
| At 31 March 2023 | 1572$ | 2054 | 66166 | 73,551 |
| NET BOOK VALUE | ||||
| At 31 March 2023 | ||||
| At 31 March 2022 | 560 | 249,450 |
| DEBTORS'.A | MOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|---|
| 2023 f |
2022 f |
||
| Additional contract income receivable |
$6,595 | 40,665 | |
| Other debtors | 550 | 2,000 | |
| Prepayments | and accrued income | ~$1 $0 | ~29170 |
| 72 055 |
| 2023 | 2022 | ||
|---|---|---|---|
| Trade creditors | 30,273 | 68,414 | |
| Other creditors | 6,124 | 6,124 | |
| Accruals and deferred | income | ~$0156 | ~34509 |
| 109,047 |
| The charity | had total commitments | had total commitments | had total commitments | under an | operating | lease as follows: | lease as follows: | lease as follows: | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| f | E | ||||||||||
| Expiring: | |||||||||||
| Within one year | 34,000 | 34,000 | |||||||||
| Between one In more than |
and five years five years |
136,000 ~tt 923 |
136,000 45,923 |
||||||||
| ~181823 | ~215923 | ||||||||||
| At the 31 March 2023 the charity | had annual | commitments | under | an operating | lease | ||||||
| as follows | |||||||||||
| 2023 | 2022 | ||||||||||
| 8 | 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 | 1/4/22 | funds | At 31/3/23 | ||||||||
| E | E | ||||||||||
| Unrestricted | funds | ||||||||||
| General fund |
82L159 | (47,499) | 773,660 | ||||||||
| Redundancy | costs | 250,000 | ~160,000 | 90,000 | |||||||
| 1,071,159 | (207,499) | 863,660 | |||||||||
| TOTAL FUNDS | |||||||||||
| Net movement | in funds, | included | in the above | are as | follows: | ||||||
| Incoming | Resources | Movement in |
|||||||||
| resources | expended | funds | |||||||||
| E | 8 | 8 | |||||||||
| Unrestricted | funds | ||||||||||
| General fund |
2,161,743 | (2,209,242) | (47,499) | ||||||||
| Redundancy | costs | (160,000) | (160,000) | ||||||||
| TOTAL FUNDS | 2,161,743 | (2,369,242) | (207,499) |
| Compar | atives | for moveme | nt in fun |
ds | |||||
|---|---|---|---|---|---|---|---|---|---|
| Net | |||||||||
| movement in |
|||||||||
| At 1/4/21 | funds | At 31/3/22 | |||||||
| 8 | 8 | ||||||||
| Unrestricted | Funds | ||||||||
| General | fund | 745,457 | 75,702 | 821,159 | |||||
| Redundancy | costs | 250,000 | 250,000 | ||||||
| 995,457 | 78,702 | 1,071,159 | |||||||
| TOTAL | FUNDS | ~895 457 | 75,792 | ~1071159 | |||||
| Compara | tive | net movement | in funds, | included | in the above are | as follows: | |||
| Incoming | Resources | Movement | In | ||||||
| resources | expended | funds | |||||||
| K | 8 | ||||||||
| Unrestricted | funds | ||||||||
| General | fund | ||||||||
| TOTAL | FUNDS | ~2 | ~2487 877) | ~75 | 702 |