2023-03-31-accounts

ed nombor. 03130876 number: 1053354 ussex ded 31 March 2023 mmaus , Isussex . Amnual Review 2022-*3

Review ofactivities
	Donatione and ifts		K192356
The surplus for the year is	Sbo Income		K806,484	45%
R216,082.Afier deductintj 'capital ' expertdlture 'and loan and	Cafe income Accommodation contributions Interest Receivable		K109,849 K584,343 K3,646	33% 0%
— —-- - mortgage capital repayments the	Rental Income Government rants		K50460
surplus is-E7-,227—. —.--- — ——	- Total		K1 '780 970	100'/o
incoane-and-resoaarces bosn generating- Ntands			2023 Income
The overall income. for the.year was R1,780,970		. .
(2022:E1,614,311).
Volaa'ntary Inconae — "	aDonations snd	glfls
' The Charity Ieceived grants and	aShop income
donations totalling 8226;199during
-the period (2022:8281;533)of	~Cafd income
which 2179,033was restricted	aAccommodation		2022 Income
(2022:f186,169).Included in the	contribullons
restricted funds is633,843 (2022: ~Interest Receivable
f23,995)from Government grants. ~Rental income
Investment Income
	~Gcvemrnent granls
The Charity:benefited from
investment income totalling
.F54,095.(2022:R60,265).This
came from commercial rents from
	I
those parts of its property that it	Donations and Ifts		K257,598		16%
.is unable. to use for its charitable	Sho Income Cafa income		8691,373 f84,124		43%
mission, the whole ofthe Manor	Accommodation contributions		K497,016		31%
is let out as offices. Because	Interest receivable Rental Income		K3,681 K56,584		0% 4O/o
interest rates remained very low thioughout the year the Charity	Government rants Total		K23935 K'I 614311	1% 100'Yo
received only Ninor amounts in
'Ãtt;r, t.on dgeosits.

							~ 0,
						~ ~
Tx'aching Activities	Com nion	Ex	nses			- ~~. 8198877.00	13.0%
	Caf8&sho	s				820515700	13.0%
The Charity's trading activities are	Commun Other Direct	Ex nses Costs				f131645.00 K19504.00	8.0% 1.5%
undertaken by staff, volunteers,	Wa s 8 Salaries Premises Costs			direct		Kt84427.00 K243690.00	11.0% 16.0%
..and Companions, who are the	Man ament					f121498.00	8.0%
beneficiaries ofthe Charity, in the	Solids De reciation					K51371.00 K8385800	3.0% 50%
shops, cafe, and garden, as part	Wa es8 Salaries			su	ort	E29840800	19.0% 0.5%
ofthe Charity's operations. As we	VAT					E38584.00
eased out ofthe pandemic, we	Total					Et 882383.00	100.9o
were abTe to re-'open the shops					2023 Expenditure
arid Cafe; although some
restrictions were still-in place for	sCompanion Expenses
some time. Despite this, .we were- .~e to generate an income of f916,333(2022:f775,497)	aCaf8 8 Shops aCommunity Expenses ~Other Direct Costs aWages 8 Salaries (direct)
Accommodation Contribaations	~Premises Ccats
Companions contribute to the	~Management ~Solidarity				2022 Expenditure
lio'using"costs by paying an	~Depreciation
accornrnodation contribution.	~Wages &Salaries (support)
	~Audit
Those.who have insufficient	~VAT
income are eligible to claim
Housing Benefit. Accommodation
contributions produced an income off584,343(2022:f497,016)	I I I Com anion Ex	enses				f164,902.00	12%
	CafB8 Sho s					f155663.00	11%
Rmtpenditt&re	Commun! Ex	enses				f105,224,00	8%o
	Other Direct Cosh					f24,998.00	2%
Overall expenditure on continuing	Wa es& Salaries		direct			f186217.00	14'/o
operations was f1,562,383(2021.'	Premises Costs Mana emenl					f196217.00 K78991.00	15% 6%
f1;320,021).There were capital	Solldarit De reciation					K21 339.00 K58222.00	2% 4'/o
additions totalling f255,436(2022: 'f347.,384).	Wa es &Salaries Audit VAT		su	ort		f270,664.00 K9408.00 E4777600	21% 1% 4%
	Total					K1 320,02100	100%%uo

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
					E	E	8	f.
Income from:
Donations, legacies		and grants			179,033	4'7,168	226,199	281,533
Charitable acfvilies:
Shop income						806,484	806,484	691,373
Cafe income						1D9,849	109,649	84, 124
Accomodation contributions						584,343	584,343	497,016
Inveslmenbi						s4,0as	54,065	50,265
Total Income					179,033	1,6D1,937	1,780,870	1,614,311
Expenditure on:
Charitable activities		shops, cats and
accommodation	contributions			8	79,963	1,482,420	1,682,383	1,320,021
Total expenditure					78,963	1,482/20	1,562,383	1,320,021
Net income					89,070	119,517	218,687	294,290
Transfers between	funds			19	(121,876)	121,876
Net movement In	funds Isurplus		for
the year					(22,808)	241,393	218,587	294,290
Reconciliation of	funds:
Total funds brought		forward			124,757	1,667,797	1,792,554	1,496,264
Net moveinent in funds					(22,808)	241,393	218,587	294,290
Total funds carried		forward			101,951	1.909.190	2.011.141	1,792,554

						2023		2022
				Note		6		6
Fixed assets
Tangible assets				13		1,360,692		1,173,766
						1,350,692		1,173,766
Current assets
Stocks				14	4,148		1,700
Debtors				15	96,088		58,623
!nvestmsnts				16	555,961		555,930
Cash at bank and	in hand				536,557		6D0,031
					1,192,754		1,216,284
Creditors: amounts	falling due within		one
year				17	(302,226)		(289,D95)
Net current assets						890,528		947,189
Total assets less	current liabilities					2,241,220		2,120,955
Creditors: amounts	falling due after		more
than one year				16		(230,079)		(328,401)
Net assets exciuding		pension asset				2,011,141		1,792,554
Total net assets						2,011,141		1,792,554
Charity funds
Restricted funds				19		101,951		124,757
Unrestricted funds				19		1,909,190		1,667,797
Total funds						2,011,141		1,792,554

			2023 6	2022f
Cash flows from operating	activities
Net cash used in operating	activities		229,681	380,677
Cash flows from Investing	activities
Dividends, interests and rents from investments			54,095	60,285
Purchase of tangible fixed assets			(256,43B)	(347,384)
Net cash used in investing	activities		(201,341)	(287,119)
Cash flows from financing	activities
Repayments ofborrowing			(91,683)	(24,969)
Net cash used in financing	activities		($1,683)	(24,96$)
Change in cash and cash	equivalents in	the year	(83,443)	88,589
Cash and cash equivalents	at the beginning	ofthe year	1,155,961	1,067,372
Cash and cash equivalents	at the end of	the year	1,092,518	1,155,961
The notes on pages 45to63form ped ofthese financial statements

				Restricted	Unrestricted	Total
				funds	funds	funds
				2D23 5	2023 f	2023 E
	Donations	and gifts		145,190	42,166	187,356
	Legacies				5,000	6,00D
	Government	grants		33,843		33,843
				179,033	47,166	22S,199
				Restricted	Unrestricted	Total
				funds	funds	funds
				2022 f	2022	2022f
	Donations			188,169	50,889	237,058
	Legacies				20,540	20,540
	Government	grants			23,935	23,935
				186,169	95,364	281,533
5.	Income from charitable		activities

					Unrestricted	Total
					funds	funds
					2023	2023
					E	E,
Shops,	Cafe	snd	Accommodation	Contributions	1,500,676	1,50D,B78
					Unrestricted	Total
					funds	funds
					2022 E	2022 f
Shops,	Cafe	and	Accommodation	Contributions	1,272,513	1,272,513

		Unrestricted	Total
		funds	funds
		2023	2023
		6	6
Shop income		808,484	806~4
Cafe income		109,849	109,849
Accommodation	contnbutions	584,343	584,343
		1.500,676	1,600,676
		Unrestricted	Total
		funds	funds
		2022	2022
			6
Shop income		691,373	691,373
Cafe income		84.124	84,124
Accommodation	contributions	497,016	497,016
		1,272,513	1,272,513

		Unrestricted	Total
		funds	funds
		2023	2023f
Rental	income	50,450	50,450
Interest	receivable	3,645	3,646
		54,095	54,095
		Unrestricted	Total
		funds	funds
		2022	2022
			2
Rental	income	58,584	56,584
Interest	receivable	3,681	3,681
		60,265	60,285

					Restricted	Unrestricted
					funds	funds	Total
					2D23	2023	2023
					E	E	E
ShOps,	Cafe	ahd	AccOrnmodstion	COntributions	79,963	1,482,42D	1,662,383
					Restricted	Unrestricted
					funds	funds	Total
					2022	2022	2022
					E
Shops,	Cafe	and	Accommodation	Contributions	43,589	1,276,432	1,320,021

					Activities
					undertaken	Support	Total
					directly	coals	funds
					2023	2D23	2023
					E	E	E
Shops,	Cafe	and	Accommodation	Contributions	719,915	842,468	1,662,383
					Activities
					underleken	Support	Total
					directly	costs	funds
					2022	2022	2022
					E	8	E
Shops,	Cafe	and	Accommodalion	Contributions	637,204	682,817	1,320,021

					Shops, Cafe
					end	Total	Total
					Companion	funds	funds
					2023 E	2023 E	2022f
Staff costs					164,427	164,427	188,217
Companions		expenses			196,677	196,677	164,902
Cafe & shops					205,157	205,157	155,863
Other direct	costs				22,009	22,D09	24,998
Community	expenses				131,645	131,646	105,224
					719,915	719,915	637,204
Analysis of	support costs
					Shops, Cafe
					and	Total	Total
					Companion	funds	funds
					2D23	2023	2022
					E	E	E
Staffcosts					298,408	298,408	270,864
Depreciation					83,858	83,858	58,222
Premises costs					243,690	243,690	196,217
Management		ahd administration			118,993	118,993	78,991
Solidarily					51,371	51,371	21,339
Audit and accountancy			fees		7,564	7,564	9,408
VAT annual	adjustment				38,584	38,584	47,776
					842,468	842jL68	682,817
Auditors' remuneration
						2023 E	2022f
Fees payable		to the Company's		auditor	for the audit ofthe Company's
annual accounts						7,975	6,800
Fees payable		to the Company'a		auditor	in respect of.
All nonwudit	services		noi included abave				2,608

year ended Staff casts	31 March 2023
			2023	2022
Wages and	salaries		403,682	407,429
Social security costs			4D,467	32,091
Contdibution	to defined contribution	pension schemes	18,686	17,561
			462,835	457,081

	2D23	2022
	No,	No.
Staff	17

	Freehold	Motor	Fixtures and
	property6	vehicles 6	fittings f	Total K
Cost orvaluation
At 1 April 2022	1,674,427	113,01T	38T,033	2,'I 74,4'TT
Additions	247A66		7,970	265,436
At 31 March 2023	1,921,893	113,017	395,003	2,429,913
Depreciation
At 1 Apdl 2022	669,834	112,989	317,888	1,000,711
Charge for the year	41,308		37,202	78,510
At 31 March 2023	611,142	112,989	355,090	1,079,221
Net book value
At 31 March 2023	1,310,751	28	39,913	1,350,692
At 31 March 2022	1,104,593	28	69,145	1,173,766

2023	2022
4,148	1.700

Due within one year	Due within one year
Trade deblors
Other debtors
Prepaymenla	and accrued income

2023	2022
6	6
6,634	1,552
44,102	27,235
45,352	29,836
96,088	58,623

16.	Currant	asset Invastmenfa
	Deposit	accounts

2023	2022
555,861	555,930

		2023	2022
		8
RRLF loan		86,940	51,105
Charity Bank loan		8,458	7,652
Trade creditors		76,098	99,988
Other taxation and social security		41,765	11,923
Other creditors		47,157	32,451
Accruais and deferred	income	41,812	35,976
		302,22S	269,095

					2023	2022
					8
Charity Bank loan					64,024	82,480
RRLF loan					178,055	265,921
					230,078	328,401
Included within the above are amounts				falling due as fol/ows:
					2023	2022
					8
Between one and two		years
Charity Bank loan					8,852	8,456
RRLF loan					93,277	86,940
Between two and five		years
Charity Bank loan					29,088	27,793
RRLF loan					82,778	178,981
Over five years
Charity Bankloan					18,104	26,231
The aggregate amount		of liabilities	paysbls or repayable		wholly or in part more than five years	after the
reporting date is:
					2023	2022
					6	8
Payable or repayable	by	instalments				26,231
						26,231

							Balance at
			Balance at 1			Transfem	31 March
			April 2022	Income	Expenditure	In/out	2023
				6	6	6	6
Unrestricted	funda
Designated	funds
Fixed asset	fund		1,028,414			171,105	1,199,519
Companions	(Peter	Goldsmith)
fund			368			(368)
C.Mares Fund			350				350
			1,029,132			170,737	1,189,669
General funds
General Funds			638,665	1,601,837	(1,482,420)	(48,861)	708,321
Total Unrestricted		funds	1,667,797	1,601,937	(1,482,420)	121,876	1,808,190

Restricted funds
Greenhouse fund	1,435		(1,435)
Sundialfund	100				100
Training		3,000	(3,000)
Solitary beds		3,500	(3,500)
Boiler fund	1,045		(1,045)
18 Orove Road renovations	85,293		(4,262)		81,041
ITupgrade	7,186		(7,185)
Fairmsrk - new entrance	12,500				12,500
Fridge/Freezer		2,940			2,940
Building project		41,302		(38,342)	2,960
ICT	58	3' 2	(3,470)
Commercial composter	5,576		(5,676)
Companion expenses	1,032	26,693	(27,725)
internal decoration	4,634		(4,634)
Support staff		7,731	(7,731)
Counse8ing	3,720	8,000	(10,310)		2,410
Cafe equipment	2,078	3,080		(5,169)
Electrical works		78,376		(76,375)
	124,757	179,033	(79,963)	(121,876)	101,851
Total offunds	1,792,564	1,760,970	(1,562,363)		2,011,141

Statement	offunds	- prior yea	r
							Balance ai
			Balance at			Transfers	31 March
			1 April 2021	Income	Expenditure	in/oui	2D22
					5	5	5
Unrestricted	funds
Designated	funds
Fixed asset	fund		779,964			248,450	1,028,414
Companions	(Peter	Goldsmith
fund)			1,500		(1,132)		368
C. Mares Fund			350				350
Electrical work			4,527	10,000		(14,527)
			786,341	10,000	(1,132)	233,923	1,029,132
General funds
			441,946	1,418,142	(1,275,300)	53,877	638,665
Total Unrestricted		funds	1,228,287	1,428,142	(1,276,432)	287,800	1,867,797
Restricted funds
Greenhouse	fund		5,194		(3,759)		1,435
Sundial fund			100				100
Boiler fund			6,762		(5,717)		1,045
18Drove Road renovalions			89,545		(4,252)		85,293
IT upgrade			7,185				7,185
Fairmark - new enlrance			12,5DD				12,500
De5brilaicr			300		(300)
ICT			1,871	5,304	(7,117)		58
Commercial	composter			5,676			5,678
Companion	expenses			19,160	(18,128)		1,032
Internal decoration				4,950	(316)		4,634
Utilities				4,000	(4,000)
Counselling			3,720				3,720
Cafe equipment				2,079			2,D79
Electrical works			142,800	145,000		(287,800)
			269,977	186,169	(43,589)	(287,800)	124,757

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Transfers	31March
		April 2022	Income	Expenditure	In/out	2023
		E	E	E	E	E
Designated	funds	1,029,132			170,737	1,199,869
General funds		638,666	1,601,937	(1,482A20)	(48,881)	709,321
Restricted	funds	124,767	179,033	(79,96$)	(121,876)	101,961
		1,792,664	1,780,970	(1,662,383)		2,011,141

Summary	offunds - prio	r year
						Balance at
		Balance at			Transfers	31 March
		1 April 2021	Income	Expenditure	in/cut	2022
			E			E
Designated	funds	786,341	10,000	(1,132)	233,923	1,029,132
General funds		441,946	1,418,142	(1,275,300)	53,677	638,665
Restricted	funds	269,977	166,169	(43,569)	(287,600)	124,757
		1,498,264	1,614,311	(1,320,021)		1,792,554

	Analysis	ofn	et ass	ets between	funds -current year
					Restricted	Unrestricted	Total
					funds	funds	funds
					2023 E	2023	2023f
	Tangible	fixed	assets		86,338	1,284,354	1,350,692
	Current assets				15,613	1,177,141	1,192,754
	Creditors	due	within	one year		(302,226)	(302,226)
	Creditors	due	in mors then one year			(230,079)	(230,079)
	Total				1G1,951	1,909,190	2,011,141
	Analysis	ofnet assets between			funds - prior year
					Restricted	Unrestricted	Total
					funds	funds	funds
					2022	2022f	2022 E
	Tangible	fixed	assets		86,339	1,087,427	1,173,766
	Currant assets				38,418	1,177,866	1,216,284
	Creditors	due within		one year		(269,095)	(269,095)
	Creditors	due	in more than one year			(328,401)	(328,401)
	Total				124,757	1,667,797	1,792,554
22.	Reconciliation		of net movement		in funds to net cash flow from operating	activities
						2G23	2022
						8
	Net income for ths year (es per Statement of Financial Activities)					218,587	294,290
	Adjustments		for:
	Depreciation charges					78,610	58,221
	Dividends,	inleresis		snd rents from investments		(54,095)	(60,265)
	Increase	in stocks				(2WB)	(526)
	Decrease/(Increase)			in debtors		(37(465)	39,896
	Increase	in creditors				26rP2	49,061
	Net cash	provided		by operating	activities	229,681	360,677

23.	Analysis	ofcash and	cash equivalents
				2023	2022
				E	E
	Cashin	hand		1,092,518	1,155,961
	Total cash and cash		equivalents	1,092,518	1,155,961
24.	Analysis	ofchanges	in net debt

		At 1 April		At 31March
		2022	Cash Rows	2023
			E	E
		E
Cash	at bank and in hand	800,091	(63,474)	596,667
Debt	due within 1year	(88,757)	(25,364)	(114,121)
Debt	due alter 1 year	(328,401)	114,642	(213,859)
Liquid	inveslments	666,930	31	555,961
		738,S03	25)735	764,638