| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 −10 |
| Independent Auditors' Report on the Financial Statements | 11 −14 |
| Statement of Financial Activities | 15 |
| Balance Sheet | 16 |
| Statement of Cash Flows | 17 |
| Notes to the Financial Statements | 18 −36 |
| Trustees | Professor Gill Davies, Chair |
|---|---|
| Susan Hurford (resigned 18 September 2022) | |
| Angus Langford | |
| Hilary Thomas | |
| Lesley Miles | |
| Joanne Williams (appointed 14 April 2022, resigned 7 October 2022) | |
| Clive Garner (appointed 11 May 2023) | |
| Company registered | |
| number | 04344486 |
| Charity registered | |
| number | 1090579 |
| Registered office | South Cliff |
| Eastbourne | |
| East Sussex | |
| BN20 7JH | |
| Senior management | Emma−Louise Rich−Spice, Chief Executive Officer |
| team | James Bugler, Finance Co−Ordinator |
| Jodie Cornford, Head of Fundraising | |
| Independent auditors | Xeinadin Audit Limited |
| Chartered Accountant | |
| Statutory Auditor | |
| 12 Conqueror Court | |
| Sittingbourne | |
| Kent | |
| ME10 5BH | |
| Bankers | HSBC |
| 94 Terminus Road | |
| Eastbourne | |
| East Sussex | |
| BN21 3FD | |
| Solicitors | Heringtons |
| 37−39 Gildredge Road | |
| Eastbourne | |
| East Sussex | |
| BN21 4RX |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 4 | 4,945 | 41,601 | 46,546 | 40,727 |
| Charitable activities | 5 | 5,534,227 | 27,407 | 5,561,634 | 4,922,124 |
| Other trading activities | 6 | 788 | 788 | 2,596 | |
| Other income | 7 | 98,929 | 98,929 | 137,130 | |
| Total income | 5,539,960 | 167,937 | 5,707,897 | 5,102,577 | |
| Expenditure on: | |||||
| Raising funds | 8 | 39,982 | 450 | 40,432 | 4,571 |
| Charitable activities | 9 | 5,295,124 | 195,983 | 5,491,107 | 5,010,652 |
| Total expenditure | 5,335,106 | 196,433 | 5,531,539 | 5,015,223 | |
| Net movement in funds before other | |||||
| recognised gains/(losses) | 204,854 | (28,496) | 176,358 | 87,354 | |
| Other recognised gains/(losses): | |||||
| Losses on revaluation of fixed assets | (17,383) | ||||
| Net movement in funds | 204,854 | (28,496) | 176,358 | 69,971 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 860,451 | 1,893,782 | 2,754,233 | 2,684,262 | |
| Net movement in funds | 204,854 | (28,496) | 176,358 | 69,971 | |
| Total funds carried forward | 1,065,305 | 1,865,286 | 2,930,591 | 2,754,233 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 14 | 2,062,455 | 1,989,847 | ||
| 2,062,455 | 1,989,847 | ||||
| Current assets | |||||
| Debtors | 15 | 736,716 | 812,075 | ||
| Cash at bank and in hand | 710,653 | 572,568 | |||
| 1,447,369 | 1,384,643 | ||||
| Creditors: amounts falling due within one | |||||
| year | 16 | (579,233) | (620,257) | ||
| Net current assets | 868,136 | 764,386 | |||
| Total assets less current liabilities | 2,930,591 | 2,754,233 | |||
| Total net assets | 2,930,591 | 2,754,233 | |||
| Charity funds | |||||
| Restricted funds | 17 | 1,865,286 | 1,893,782 | ||
| Unrestricted funds | 17 | 1,065,305 | 860,451 | ||
| Total funds | 2,930,591 | 2,754,233 |
| For the year ended 31 December 2 | 022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | |||
| Cash flows from operating activities | |||
| Net cash used in operating activities | 20 | 331,745 | (5,606) |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (193,660) | (63,962) | |
| Net cash used in investing activities | (193,660) | (63,962) | |
| Cash flows from financing activities | |||
| Repayments of borrowing | (52,040) | ||
| Net cash provided by/(used in) financing activities | (52,040) | ||
| Change in cash and cash equivalents in the year | 138,085 | (121,608) | |
| Cash and cash equivalents at the beginning of the year | 572,568 | 694,176 | |
| Cash and cash equivalents at the end of the year | 21 | 710,653 | 572,568 |
| The notes on pages 18 to 36 form part of these financial statements |
| ciation is provided on the fo | llowing bases: |
|---|---|
| Freehold property | −Straight line over 25 years |
| Motor vehicles | −Straight line over 5 years |
| Fixtures and fittings | −Straight line over 10 years |
| Computer equipment | −Straight line over 3 years |
| Other fixed assets | −Straight line over 5 years |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Donations | 4,945 | 4,945 | 5,180 | |
| Grants | 41,601 | 41,601 | 35,547 | |
| 4,945 | 41,601 | 46,546 | 40,727 | |
| Total 2021 | 5,180 | 35,547 | 40,727 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Nursing and care sevices | 5,534,227 | 27,407 | 5,561,634 | 4,922,124 |
| Total 2021 | 4,873,457 | 48,667 | 4,922,124 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Fundraising income | 788 | 788 | 2,596 |
| Total 2021 | 2,596 | 2,596 |
| Restricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| COVID−19 Grants | 98,929 | 98,929 | 137,130 |
| Total 2021 | 137,130 | 137,130 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Fundraising costs | 2,086 | 450 | 2,536 | 4,571 |
| Fundraising staff wages | 33,363 | 33,363 | ||
| Fundraising staff social security costs | 3,539 | 3,539 | ||
| Fundraising staff pension costs | 994 | − | 994 | |
| 39,982 | 450 | 40,432 | 4,571 | |
| Total 2021 | 4,571 | 4,571 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Nursing and care sevices | 5,295,124 | 195,983 | 5,491,107 | 5,010,652 |
| Total 2021 | 4,803,278 | 207,374 | 5,010,652 | |
| Analysis of expenditure by activities | ||||
| Activities | ||||
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | r | |
| Nursing and care sevices | 2,713,797 | 2,777,310 | 5,491,107 | 5,010,652 |
| Total 2021 | 2,649,040 | 2,361,612 | 5,010,652 |
| Nursing and | ||
|---|---|---|
| care | Total | Total |
| sevices | funds | funds |
| 2022 | 2022 | 2021 |
| £ | £ | £ |
| 2,713,797 | 2,713,797 | 2,649,040 |
| 2,649,040 | 2,649,040 |
| Nursing and | |||
|---|---|---|---|
| care | Total | Total | |
| sevices | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Staff costs | 792,778 | 792,778 | 838,498 |
| Depreciation | 110,129 | 110,129 | 108,359 |
| Medical and nursing | 103,774 | 103,774 | 108,452 |
| Catering and housekeeping | 144,161 | 144,161 | 171,291 |
| Premises costs, maintenance and security | 504,462 | 504,462 | 387,612 |
| Miscellaneous | 47,046 | 47,046 | 43,375 |
| Advertising and marketing | 3,637 | 3,637 | 3,648 |
| Motor vehicle costs | 4,297 | 4,297 | 3,143 |
| Travel and entertainment | 6,088 | 6,088 | 5,509 |
| Printing and stationery | 14,865 | 14,865 | 13,030 |
| Phones and IT | 81,506 | 81,506 | 82,648 |
| Agency costs | 743,589 | 743,589 | 424,739 |
| Subscriptions | 9,822 | 9,822 | 11,156 |
| Bank charges | 2,118 | 2,118 | 2,432 |
| Interest charges | − | 140 | |
| Professional fees | 20,140 | 20,140 | 26,202 |
| Recruitment fees | 37,082 | 37,082 | 33,174 |
| Loss on disposal of fixed assets | 10,923 | 10,923 | |
| Life insurance scheme | 10,263 | 10,263 | 9,768 |
| Bad debt expense | 116,029 | 116,029 | 75,611 |
| Governance costs | 14,601 | 14,601 | 12,825 |
| 2,777,310 | 2,777,310 | 2,361,612 | |
| Total 2021 | 2,361,612 | 2,361,612 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to Xeinadin Audit Limited for the audit of the Company's | ||
| annual accounts | 10,560 | 8,000 |
| Fees payable to Xeinadin Audit Limited and its associates in respect of: | ||
| All non−audit services not included above | 3,840 | 2,500 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 3,178,163 | 3,153,630 |
| Social security costs | 283,800 | 266,004 |
| Contribution to defined contribution pension schemes | 82,508 | 67,904 |
| 3,544,471 | 3,487,538 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Provision of services | 134 | 139 |
| The number of employees whose employee benefits (excluding employer pension costs) | exceeded | |
| £60,000 was: |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| No. | No. | |||||
| In | the | band | £70,001 | −£80,000 | 1 | I |
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| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Trade debtors | 648,524 | 732,325 |
| Other debtors | 18,234 | 18,855 |
| Prepayments and accrued income | 69,958 | 60,895 |
| 736,716 | 812,075 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 155,910 | 170,718 |
| Other taxation and social security | 64,197 | 69,741 |
| Other creditors | 26,364 | 27,576 |
| Accruals and deferred income | 332,762 | 352,222 |
| 579,233 | 620,257 | |
| 2022 | 2021 | |
| £ | £ | |
| Deferred income at 1 January 2022 | 103,623 | 91,215 |
| Resources deferred during the year | 97,452 | 103,623 |
| Amounts released from previous periods | (103,623) | (91,215) |
| Deferred income at 31 December 2022 | 97,452 | 103,623 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Transfers | December | |||
| 2022 | **Income ** | Expenditure | in/out | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated funds | |||||
| Designated Funds | 90,500 | (930) | 6,300 | 95,870 | |
| General funds | |||||
| General Funds | 769,951 | 5,539,960 | (5,334,176) | (6,300) | 969,435 |
| Total Unrestricted funds | 860,451 | 5,539,960 | (5,335,106) | 1,065,305 | |
| Restricted funds | |||||
| Lottery Funding | 40,854 | 40,854 | |||
| The Chaseley Trust −1090579 | 75,907 | − | 75,907 | ||
| The Chaseley Trust −211714 | 1,164,279 | − | 1,164,279 | ||
| Diamond Jubilee Appeal Fund | 262,549 | − | 262,549 | ||
| The Soldiers' Charity (Army | |||||
| Benevolent Fund) | 117,018 | 117,018 | |||
| Queen Mary's Roehampton | |||||
| Trust | 25,225 | 25,000 | (25,000) | 25,225 | |
| COVID−19 Funding | 12,419 | (12,419) | |||
| Core Services Funding | 162,897 | 97,243 | (97,243) | 162,897 | |
| Shower Room Funding | 45,053 | (45,053) | |||
| Lift Refurbishment Funding | 4,500 | (4,500) | |||
| Bathroom Refurbishment | |||||
| Funding | 28,775 | (12,218) | − | 16,557 | |
| 1,893,782 | 167,937 | (196,433) | 1,865,286 | ||
| Total of funds | 2,754,233 | 5,707,897 | (5,531,539) | − | 2,930,591 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Gains/ | December | |||
| 2020 | Income | Expenditure | (Losses) | 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated funds | |||||
| Designated Funds | 90,500 | − | 90,500 | ||
| Balance at | |||||
| Balance at | 31 | ||||
| 1 January | Gains/ | December | |||
| 2020 | Income | Expenditure | (Losses) | 2021 | |
| £ | £ | £ | £ | £ | |
| General funds | |||||
| General Funds | 713,950 | 4,881,233 | (4,807,849) | (17,383) | 769,951 |
| Total Unrestricted funds | 804,450 | 4,881,233 | (4,807,849) | (17,383) | 860,451 |
| Restricted funds | |||||
|---|---|---|---|---|---|
| Lottery Funding | 40,854 | − | 40,854 | ||
| The Chaseley Trust −1090579 | 75,907 | 75,907 | |||
| The Chaseley Trust −211714 | 1,164,279 | − | − | − | 1,164,279 |
| Diamond Jubilee Appeal Fund | 262,549 | 262,549 | |||
| The Soldiers' Charity (Army | |||||
| Benevolent Fund) | 117,018 | − | 117,018 | ||
| Queen Mary's Roehampton | |||||
| Trust | 25,225 | − | 25,225 | ||
| COVID−19 Funding | 11,260 | 163,677 | (174,937) | − | |
| Core Services Funding | 114,230 | 52,667 | (4,000) | 162,897 | |
| Shower Room Funding | 68,490 | − | (23,437) | 45,053 | |
| Lift Refurbishment Funding | 1,000 | (1,000) | |||
| Bathroom Refurbishment | |||||
| Funding | 4,000 | (4,000) | − | − | |
| 1,879,812 | 221,344 | (207,374) | 1,893,782 | ||
| Total of funds | 2,684,262 | 5,102,577 | (5,015,223) | (17,383) | 2,754,233 |
| **Summary of funds −c ** | urrent year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | 31 | ||||
| January | Transfers | December | |||
| 2022 | **Income ** | Expenditure | in/out | 2022 | |
| £ | £ | £ | £ | £ | |
| Designated funds | 90,500 | − | (930) | 6,300 | 95,870 |
| General funds | 769,951 | 5,539,960 | (5,334,176) | (6,300) | 969,435 |
| Restricted funds | 1,893,782 | 167,937 | (196,433) | 1,865,286 | |
| 2,754,233 | 5,707,897 | (5,531,539) | − | 2,930,591 | |
| Summary of funds −prior year | |||||
| Balance at | |||||
| Balance at | 31 | ||||
| 1 January | Gains/ | December | |||
| 2021 | Income | Expenditure | (Losses) | 2021 | |
| r | £ | £ | £ | £ | |
| Designated funds | 90,500 | 90,500 | |||
| General funds | 713,950 | 4,881,233 | (4,807,849) | (17,383) | 769,95/ |
| Restricted funds | 1,879,812 | 221,344 | (207,374) | 1,893,782 | |
| 2,684,262 | 5,102,577 | (5,015,223) | (17,383) | 2,754,233 |
| Analysis of net assets between funds −cur | rent year | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 417,477 | 1,644,978 | 2,062,455 |
| Current assets | 647,828 | 799,541 | 1,447,369 |
| Creditors due within one year | (579,233) | (579,233) | |
| Total | 1,065,305 | 1,865,286 | 2,930,591 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 344,860 | 1,644,987 | 1,989,847 |
| Current assets | 515,591 | 869,052 | 1,384,643 |
| Creditors due within one year | (620,257) | (620,257) | |
| 860,451 | 1,893,782 | 2,754,233 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | £ | ||
| Net income for the year (as per Statement of Financial Activities) | 176,358 | 87,354 | |
| Adjustments for: | |||
| Depreciation charges | 110,129 | 108,359 | |
| Loss on disposal of fixed assets | 10,923 | − | |
| Increase in debtors | (40,670) | (232,989) | |
| Increase/(decrease) in creditors | (41,024) | 31,670 | |
| Increase in bad debt provision | 116,029 | ||
| Net cash provided by/(used in) operating activities | 331,745 | (5,606) | |
| 21. | Analysis of cash and cash equivalents | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Cash in hand | 710,653 | 572,568 | |
| Total cash and cash equivalents | 710,653 | 572,568 |
| At 1 | At 31 | ||
|---|---|---|---|
| January | December | ||
| 2022 | Cash flows | 2022 | |
| £ | £ | £ | |
| Cash at bank and in hand | 572,568 | 138,085 | 710,653 |
| 572,568 | 138,085 | 710,653 | |
| Capital commitments | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Contracted for but not provided in these financial statements | |||
| Repairs, maintenance or enhancements to tangible fixed assets | 48,346 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Not later than 1 year | 26,199 | 29,172 |
| Later than 1 year and not later than 5 years | 68,568 | 77,387 |
| Later than 5 years | 6,590 | 15,376 |
| 101,357 | 121,935 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Operating | lease | rentals | 40,653 | 22,992 |