2022-03-31-accounts

Trustees		Mr FA Betteridge
		Mrs SARogers
		Mr G Walker
		Mrs M Hall	(Appointed	12July 2021)
		MrA Coley
Secretary		Mrs Tracy Graham
Charity number		1086162
Company	number	03286106
Principal address		9th Floor West Plaza
		144 High %rect
		West Bromwich
		West Midlands
		B706JJ
Registered	office	9th Floor West Plaza
		144 High Street
		West Bromwich
		West Midlands
		B706JJ
Auditor		CKAudit
		No 4 Castle Court 2
		Castlegate Way
		Dudley
		West Midlands
		DY1 4RH
Bankers		Barclays Bank Pic- Dudley
		47 High Street
		Dudley
		West Midlands
		DY1 1PP
Solicitors		Wright Hassal LLP
		Olympus Avenue
		Leamington Spa
		Warwickshire
		CV34 6BF

		Page
Trustees' report		1-5
Statement ofTrustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial statements		13-28

					Unrestricted	Restricted	Total	Total
					funds	funds
				Notes	2022 6	2022 6	2022f	2021
IgggmafrggLi
Donations and	legacies			3	477,336		477,336	746,712
Charitable activities				4	13,517,169		13,517,169	13,869,259
Investments				5	304		304
Total Income					13,994,809		13,994,809	14,615,971
Exgattditlttfum;
Charitable activities				6	13,910,921		13,910,921	14,540,553
Other				11	158,413		158,413	159,671
Total resources expended					14,069,334		14,069,334	14,700,224
Net expenditure forthe year/
Net outgoing	msources				(74,525)		(74,525)	(84,253)
Other recognised		gains and	losses
Actuarial gain/(loss)		on defined	benefit pension
schemes					2,957,000		2,957,000	(1,914,000)
Net movement	in funds				2,882,475		2,882,475	(1,998,253)
Fund balances	at 1	April 2021			4,378,762	373,393	4,752,155	6,750,408
Fund balances	at	31 March 2022			7,261,237	373,393	7,634,630	4,752,155

					2022	2021
				Notes	f	6
Fixed assets
Tangible assets				13	9,520,085	9,482,385
Current assets
Debtors				14	1,753,544	2,600,668
Cash at bank snd in	hand				2,620,591	2,011,573
					4,374,135	4,612,241
Creditors: amounts	falling due within
one year				16	(3,994,084)	(4,270,743)
Nst current assets					380,051	341,498
Total assets less current		liabilities			9,900,136	9,823,883
Creditors: amounts	falling due		after
more than one year					(652,506)	(801,728)
Net assets excluding	pension		liability		9,247,630	9,022,155
Defined benefit pension		liability			(1,613,000)	(4,270,000)
Net assets					7,634,630	4,752,155
Income funds
Res(doted funds				20	373,393	373,393
Unrestricted funds					7,261,237	4.378.762
					7,834,630	4,752,155

							2022		2021
							8		E
Cash flows from operating			activities
Cash generated from/(absorbed				by)		25
operations								807,514	(689,385)
Investing	activities
Purchase	oftangible fixed assets						(37,700)		(6,540,500)
Proceeds	from disposal oftangible fixed
assets									13,122,503
Investment	income received						304
Net cash	(used In)/generated		from
Investing	activities							(37,396)	6,582,003
Financing	activities
Repayment	ofbank loans						(161,100)		(3,947,680)
Net cash used in financing			activities					(161,100)	(3,947,680)
Net increase In cash and cash				equivalents				609,018	1,944,938
Cash and	cash equivalents	at beginning			ofyear			2,011,573	66,635
Cash and	cash equivalents		at end ofyear					2,620,591	2,011,573

			Unrestricted	Total
			funds
			2022f	2021
Donations	and gifts			42,744
Covid-19	government	support	477,336	703,968
			477,336	746,712

Residential	Residential	and
and	Daycare services
Daycare
services
2022		2021
13,517,169	13,869,259

Unrestricted	Total
funds
2022	2021
5
304

		Residential	Residential
		and	and
		Daycare	Daycsre
		services	services
		2022	2021
Staff costs		9,976,243	10,648,538
Heat and light		141,700	219,576
Rent, rates and insurance		1,041,390	865,286
Telecommunications		4,760	4,491
Other staff costs		35,547	34,500
Motor and travel costs		23,495	53,760
Repairs and renewals		374,972	328,527
Cleaning, waste and	pest control	106,496	161,204
Other office costs		73,517	84,676
Printing, postage and	stationery	6,163	10,610
Provisions		177,293	252,816
		11,961,576	12,663,984
Share ofsupport costs (see note 7)		1,873,647	1,815,665
Share ofgovernance	costs (see note 7)	75,698	60,904
		13,910,921	14,540,553

7	Supportcosts
				Support	Governance	2022	2021
				costs	costs
					8
	Staff costs			1,135,190		1,135,190	983,984
	Profft on disposal oftangible assets						(4,504)
	Heat and light			23,921		23,921	12,024
	Rent, rates and insurance			161,674		161,674	300,451
	Telecommunications			30,684		30,684	40,332
	Other staff costs			90,448		90,448	3,276
	Motor and travel			64,784		64,784	28,047
	Repairs, renewals and equipment		rental	116,049		116,049	48,544
	Cleaning waste and pest control			13,882		13,882	59,179
	Other office costs and sessionals			206,099		206,099	320,937
	Printing, postage and stationery			30,354		30,354	22,687
	Provisions			562		562	708
	Audit fees				28,338	28,338	17,430
	Legal and professional				47,360	47,360	43,474
				1,873,647	75,698	1,949,345	1,876,569
	Analysed between
	Charitable activities			1,873,647	75,698	1,949,345	1,876,569
8	Auditor's remuneration
	Fees payable to the Charity's	auditor and associates:				2022	2021
							8
	Audit ofthe Charity's annual accounts					26,790	13,175
	Non-audit services
	Other assurance services					925	2,350

The average	monthly number ofemployees during the	year was:
		2022	2021
		Number	Number
Care		432	462
Finance and	adminstration	11	11
Total		443	473
Employment	costs	2022	2021
		E	E
Wages and salaries		9,624,796	10,189,597
Social security costs		784,860	786,214
Other pension	costs	701,777	656,711
		11,111,433	11,632,522

The number ofemployees whose annual remuneration is as follows:	was more than F60,000
	2022	2021
	Number	Number
E'80,001 - F90,000
F101,001 - F110,000
F120,001 - E130,000

		2022	2021
Financing	costs	158,413	159,671
		158,413	159,671

Tangible fix	ed asset	s
			Land and	Long	Total
			buildings	Leasehold
			'Z	8
Cost
At 1 April 2021			9,482,385		9,482,385
Additions			37,700		37,700
Transfer to long leasehold			(550,140)	550,140
At 31 March	2022		8,969,945	550,140	9,520,085
Depreciation	and impairment
Depreciation	charged	in the year	142,801		142,801
Revaluation			(142,801)		(142,801)
Carrying amount
At 31 March	2022		8,969,945	550,140	9,520,085
At 31 March	2021		9,482,385		9,482,385

						2022	2021
	Amounts falling			due within one year:			8
	Trade debtors					1,616,254	1,791,570
	Other debtors					107,910	649,092
	Prepayments		and	accrued income		29,380	160,006
						1,753,544	2,600,668
15	Loans	and overdrafts
						2022	2021
						6	8
	Bank loans					3,485,610	3,646,710
	Payable	within	one year			2,833,104	2,844,982
	Payable	afier	one	year		652,506	801,728
	Amounts	included		above which	fall due after five years:
	Payable	by instalments					66,667

Creditors: amounts falling due within one year
		2022	2021
	Notes	6	6
Bankloans	15	2,833,104	2,844,982
Other taxation and social security		217,086	223,834
Deferred income	18	222,566	566,473
Trade creditors		49,429	125,035
Other creditors		26,885	2,593
Accruals		645,014	507,826
		3,994,084	4,270,743

17	Creditors: amounts	Creditors: amounts	falling	due after more than one	year
							2022	2021
						Notes	6	8
	Bank loans						652,506	801,728
18	Deferred income
							2022	2021
							B
	Arising from Supported		Living & Residential
	Care						222,566	566,473
	Deferred income is	included		in the financial statements	as follows:
							2022	2021
	Deferred income is	included		within:
	Current liabilities						222,566	566,473
	Movements in the year:
	Deferred income at 1April 2021 Released from previous periods Resources deferred in the year						566,473 (566,473) 222,566	722,559 (722,559) 566,473
	Deferred income at	31	March	2022			222,566	566,473

Key assumptions	Key assumptions
							2022	2021
							'/o	'/o
Discount rate							2.7	2
Expected rate	ofincrease ofpensions				in payment		3.2	2.8
Expected rate	ofsalary increases						4.2	3.8
Mortality assumptions
The assumed	life expectations		on	retirement		at age 65are:
							2022	2021
							Years	Yearn
Retiring today
- Males							21.2	21.6
- Females							23.6	23.9
Retiring in 20years
- Males							22.9	23.4
-Females							25.4	25.8
Amounts recognised		in the profit and loss account
							2022	2021
								6
Current service	cost						370,000	345,000
Net interest on	defined benefit		liability/(asset)				87,000	48,000
Total costs							457,000	393,000
Amounts taken	to other comprehensive				income:
							2022	2021
								6
Actual return on scheme assets							(1,835,000)	(3,649,000)
Less: calculated	interest element						445,000	445,000
Return on scheme assets excluding				interest		income	(1,390,000)	(3,204,000)
Actuarial changes related to obligations							(1,427,000)	5,393,000

Retirement benefit schemes									(Continued)
The amounts included in the obligations in respect ofdefined	balance sheet benefit plans are			arising from as follows:		the	Charity's
								2022f	2021 f
Present value ofdefined benefit Fair value ofplan assets	obligations							25,566,000 (23,953,000)	26,730,000 (22,460,000)
Deficit in scheme								1,613,000	4,270,000
Movements in the present value ofdefined benefit				obligations:
									2022
Liabilities at 1 April 2021 Liabilities assumed in a business combination Current service cost Benefits paid Contributions from scheme members Actuarial gains and losses Interest cost									26,730,000 (140,000) 370,000 (549,000) 50,000 (1,427,000) 532,000
At 31 March 2022									25,566,000
The defined benefit obligations arise from		plans funded as			follows:
									2022f
Wholly unfunded obligations Wholly or partly funded obligations									94,000 25,472,000
									25,566,000
Movements in the fair value ofplan	assets:
									2022f
Fair value ofassets at 1 April 2021 Interest income Return on plan assets (excluding amounts Benefits paid Contributions by the employer Contributions by scheme members		included		in net interest)					22,460,000 445,000 1,390,000 (549,000) 150,000 57,000
At 31 March 2022									23,953,000

The fair value of plan assets at the reporting perio	d end was as follows:
		Restated
	2022	2021
	6	6
Equity instruments	16,048,510	14,823,600
Property Bonds Cash	1,676,710 5,269,660 958,120	1,572,200 4,716,600 1,347,600
	23,953,000	22,460,000

				Movement		Movement
				in funds		in funds
		1	Balance at April 2020as	Incoming resources	Balance at 1April 2021	Incoming resources	Balance at 31 March 2022
			mstated
Alsop	House		373,393		373,393		373,393

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022 f	2022 6	2022 6	2021 6	2021	2021
Fund balances at 31
March 2022	are
represented	by:
Tangible assets Current assets/(liabilities)		9,146,692 380,051	373,393	9,520,085 380,051	9,108,992 341,498	373,393	9,482,385 341,498
Long term liabilities Provisionsand		(652,506)		(652,506)	(801,728)		(801,728)
pensions		(1,613,000)		(1,613,000)	(4,270,000)		(4,270,000)
		7,261,237	373,393	7,634,630	4,378,762	373,393	4,752,155

	2022	2021
		8
Within one year Between two and five years In over five years	1,223,892 4,140,122 15,229,470	1,227,332 4,334,596 16,163,589
	20,593,484	21,725,517

2022	2021
	6
236,950	228,369

Cash generated from operations			2022	2021
			8	f
Deficit for the year			(74,525)	(84,253)
Adjustments for.
Investment income recognised in statement offinancial activities Gain on disposal oftangible fixed assets Difference between pension charge and cash contributions			(304) 300,000	(4,504) 192,000
Movements in working capital:
Decrease/(increase) in debtors Increase in creditors (Decrease) in deferred income			847,124 79,126 (343,907)	(672,297) 35,755 (156,086)
Cash generated from/(absorbed	by) operations		807,514	(689,385)