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||**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|





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|||**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_|





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||||**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_|





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|**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||||





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|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|





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||**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_||



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||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2022**|**2022**|_2021_|
||£|£|£|
|Fundraising income|788|**788**|2,596|
|_Total 2021_|_2,596_|_2,596_||





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||**Restricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2022**|**2022**|_2021_|
||**£**|**£**|£|
|COVID−19 Grants|98,929|**98,929**|_137,130_|
|_Total 2021_|_137,130_|_137,130_||



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||**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_||





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||**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_||



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|**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_||





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||**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_|





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||**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_|





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||||||**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**|





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||||||_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_|





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|**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_|





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|**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**|





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## 

||_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_|





## 

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