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2022-03-31-accounts

Trustees Mr PAAppleton Mr PAAppleton
Ms SColes
Ms K Gibbs
Mrs S N Hallett
Mr D H Hitchin
Mrs PASear
Mrs J E Stock
MrJThurley
Ms SWalton
Treasurer Mr D Hitchin
Charity number 1070891
Company number 3580252
Registered office Eastboume Road
Polegate
East Sussex
BN26 5HB
Auditors Knill James LLP
One Bell Lane
Lewes
East Sussex
BN7 1JU
Bankers Barclays Bank Pic
63/67 Terminus Road
Eastboume
East Sussex
BN21 3NE
Solicitors Gaby Hardwicke
33The Avenue
Eastboume
East Sussex
BN21 3YD
Investment advisors Rathbone
Investment		 Management Limited
1 Northgate
Chich ester
West Sussex
PO19 1AT

Page
Trustees'
report		 1-7
Statement ofTrustees' responsibilities
Independent
auditor's		 report 9-12
Statement
offinancial		 activities 13-14
Balance sheet 15
Statement
ofcash flows		 16
Notes to the financial statements 17-30

Current financial year Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general Designated
Notes 2022 2022 2022 2022f 2021
Donations
and legacies		 53,276 212,920 266,196 168,691
Charitable
activities		 2,018,623 2,018,623 2,092,522
Investments 16,613 16,613 17,810
Other income 7,857 7,857 13,613
Total income 2,096,369 212,920 2,309,289 2,292,636
Raising funds 4,800 4,800 4,671
Charitable
activities		 8 2,260,599 14,336 112,090 2,387,025 2,282,521
Total expenditure 2,265,399 14,336 112,090 2,391,825 2,287,192
Net gains/(losses) on investments 12 13,720 13,720 158,972
Net (outgoing)lincoming resources
before transfers (155,310) (14,336) 100,830 (68,816) 164,416
Gross transfers
between		 funds 86,494 14,336 (100,830)
Net movement
in		 funds (68,816) (68,816) 164,416
Fund balances at 1 April 2021 2,811,178 800,000 3,611,178 3,446,762
Fund balances at 31 March 2022 2,742,362 800,000 3,542,362 3,611,178

Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
2021 2021 2021 2021
Notes E F
Donations
and		 legacies 14,805 153,886 168,691
Charitable
activities		 2,092,522 2,092,522
Investments 17,810 17,810
Other income 13,613 13,613
Total income 2,138,750 153,886 2,292,636
Raising funds 4,671 4,671
Charitable
activities		 2,140,106 26,288 116,127 2,282,521
Total expenditure 2,144,777 26,288 116,127 2,287,192
Net gains/(losses) on investments 'j2 158,972 158,972
Net (outgoing)/incoming resources before transfers 152,945 (26,288) 37,759 164,416
Gross transfers between funds 11,471 26,288 (37,759)
Net movement in funds 164,416 164,416
Fund balances at 1 April 2020 2,646,762 800,000 3,446,762
Fund balances at 31 March 2021 2,811,178 800,000 3,611,178

2022 2021
Notes
Fixed assets
Tangible assets 14 2,797,887 2,806,507
Investments 15 728,087 782,407
3,525,974 3,588,914
Current assets
Stocks 17 7,437 7,012
Debtors 18 41,285 11,948
Cash at bank and in hand 208,102 236,328
256,824 255,288
Creditors: amounts falling due within
one year (240,436) (233,024)
Net current assets 16,388 22,264
Total assets less current liabilities 3,542,362 3,611,178
Income funds
Unrestricted
funds		 - Designated 21 800,000 800,000
Unrestricted
funds		 - general 2,742,362 2,811,178
3,542,362 3,611,178
The financial statements were approved by the Trustees on ....~/. ..(.I..2.G2 2-
Mr P
A pleton		 Mr D H Hitchin
Trustee Trustee

2022 2021
Notes
Cash flows from operating activities
Cash generated
from operations		 25 63,747 147,097
Investing activities
Purchase oftangible
fixed assets		 (176,626) (107,355)
Cash account movements (9,486) 46,877
Purchase of investments (147,905) 1,130
Proceeds on disposal of investments 225,431 43,538
!nvestment income received 16,613 17,810
Net cash (used in)/generated from
investing activities (91,973) 2,000
Net cash used in financing activities
Net (decrease)/increase
in		 cash and cash
equivalents (28,226) 149,097
Cash and cash equivalents at beginning ofyear 236,328 87,231
Cash and cash equivalents at end of year 208,102 236,328

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
general general
2022 2022 2021 2021 2021
Donations and gifts 17,953 63,749 81,702 3,508 3,508
Grants related to
Covid19 (incl furlough) 35,323 149,171 184,494 11,297 153,886 165,183
53,276 212,920 266,196 14,805 153,886 168,691
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Unrestricted Unrestricted
funds funds
general general
2022 2021
Income from listed investments 16,607 17,810
interest receivable 6
16,613 17,810

Unrestricted Unrestricted
funds funds
general general
2022 2021
Other income 7,857 13,613
Unrestricted Unrestricted
funds funds
general general
2022 2021
4,800 4,671
4,800 4,671

2022 2021
Staff costs 1,482,021 1,382,780
Depreciation and impairment 185,246 157,208
Provisions 176,317 180,755
Training
and		 conference expenses 26,790 21,569
Fee subsidy 60,085 82,522
Electricity 38,033 40,567
Gas 32,528 25,367
Water 24,665 31,816
Council tax 3,607 3,492
Cleaning
and		 consumables 18,438 19,997
Insurance 11,475 7,492
Garden expenses 13,891 10,697
Repairs 96,512 120,879
Decorations 9,940 2,496
Travel expenses 17,520 15,439
Welfare expenses 14,859 10,280
Other charitable expenditure 101,216 93,009
2,313,143 2,206,365
Share of support costs (see note 9) 38,879 35,342
Share ofgovernance costs (see note 9) 35,003 40,814
2,387,025 2,282,521
Analysis
by		 fund
Unrestricted funds - general 2,260,599 2,140,106
Unrestricted funds - Designated 14,336 26,288
Restricted funds 112,090 116,127
2,387,025 2,282,521

9 Supportcosts Supportcosts
Support Governance 2022 Support Governance 2021
costs costs costs costs
Registration
fees		 8,792 8,792 8,792 8,792
Stationery, advertising
and software 17,562 17,562 14,806 14,806
Postage and telephone 12,525 12,525 11,744 11,744
Audit fees 9,000 9,000 8,220 8,220
Legal and professional 24,283 24,283 31,748 31,748
Bank charges and
interest 1,327 1,327 666 666
Committee expenses 393 393 180 180
38,879 35,003 73,882 35,342 40,814 76,156
Analysed to
Charitable activities 38,879 35,003 73,882 35,342 40,814 76,156

The average
 monthly
number ofemployees
during the		 year was:
2022 2021
Number Number
Housing care for residents 66 67
Administration 4 4
Total 70 71
Employment costs 2022 2021
Wages and salaries 1,307,318 1,222,223
Social security costs 87,427 75,680
Other pension costs 87,276 84,877
1,482,021 1,382,780

Unrestricted Unrestricted
funds funds
general general
2022 2021
Revaluation of investments (3,661) 148,634
Gain/(loss) on sale of investments 17,381 10,338
13,720 158,972

Land and Fixtures, Motor Total
buildings
-		 fittings 8 vehicles
Freehold equipment
Cost
At 1 April 2021 3,398,243 990,209 49,751 4,438,203
Additions 45,210 131,416 176,626
At 31 March 2022 3,443,453 1,121,625 49,751 4,614,829
Depreciation and impairment
At 1 April 2021 974,677 610,429 46,590 1,631,696
Depreciation charged in the year 68,869 115,587 790 185,246
At 31 March 2022 1,043,546 726,016 47,380 1,816,942
Carrying
amount
At 31 March 2022 2,399,907 395,609 2,371 2,797,887
At 31 March 2021 2,423,566 379,780 3,161 2,806,507

15 Fixed asset investments Fixed asset investments
Listed Cash in Total
investmentsf portfolio
Cost or valuation
At 1 April 2021 765,417 16,990 782,407
Additions 147,905 147,905
Valuation
changes		 (3,661) (3,661)
Cash account movement 9,486 9,486
Disposals (208,050) (208,050)
At 31 March 2022 701,611 26,476 728,087
Carrying
amount
At 31 March 2022 701,611 26,476 728,087
At 31 March 2021 765,417 16,990 782,407
16 Financial
instruments		 2022 2021
Carrying
amount of		 financial assets
Instruments
measured		 at fair value through profit or loss 701,611 765,417
17 Stocks
2022 2021
Finished goods and goods for resale 7,437 7,012
18 Debtors
2022 2021
Amounts
falling due		 within one year:
Trade debtors 14,687 733
Other debtors 8,725 4,397
Prepayments
and accrued income		 17,873 6,818
41,285 11,948

2022 2021
Other taxation and social security 16,616
Trade creditors 31,348 47,335
Other creditors 28,777 11,883
Accruals and deferred income 180,311 157,190
240,436 233,024

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23 Operating
lease commitments		 Operating
lease commitments		 Operating
lease commitments
At the reporting
end date the charitable		 company had outstanding commitments for future
minimum		 lease
payments
under non-cancellable		 operating leases, which fall due as follows:
2022 2021
E
Within one year 24,703 24,162
Between two and five years 96,105 90,527
In over five years 41,364 61,342
162,172 176,031
24 Related party transactions
Remuneration
ofkey management		 personnel
The remuneration
ofthe three key management		 personnel is as follows.
2022 2021
E E
Aggregate
compensation		 169,872 149,190
There have been no disclosable related party transactions in the year.
25 Cash generated
from operations		 2022 2021
E E
(Deficit)/surpus
for the year		 (68,816) 164,416
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (16,613) (17,810)
Gain on disposal of investments (17,381) (10,338)
Fair value gains and losses on investments 3,661
(148,634)
Depreciation
and impairment
oftangible		 fixed assets 185,246 157,208
Movements
in working
capital:
(Increase)
in stocks		 (425) (465)
(Increase)/decrease
in debtors		 (29,337) 12,176
Increase/(decrease)
in creditors		 7,412 (9,456)
Cash generated
from operations		 63,747 147,097
26 Analysis ofchanges
in net funds
The charitable
company
had no debt		 during the year.