2022-03-31-accounts

	Pages
Directors' Report	1-10
Statement ofDirectors' Responsibilities
Auditors' Report	12 —15
Statement ofFinancial Activities	16
Balance Sheet
Statement ofCash Flows	18
Notes to the Financial Statements	19-34

The Patron	Mrs Jennifer Tolhurst, The Lord	Mrs Jennifer Tolhurst, The Lord	Lieutenant	ofEssex
President	Mr GCourtauld OBE,DL
Vice-Presidents	Mr DBoyle JP,DL
	The Revd. Canon J	Brown DL
	Mr N SCharrington	—appointed	8December	2021
	Cllr JJowers
	Mr CManning-Press	DL —died	13September 2021
	Lord Petre KCVO
	Professor JPretty OBE
	Mr RWoolley
Treasurer	Mr PConway FCA	—resigned 13October 2021

YEAR ENDED 31MARCH 2022
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds	2022	2021
Income from:			Note 10		Note 15
Charitable activities	2	426,208	2,058,304	2,484,512	1,509,591
Donations		2,192		2,192	2,340
Investments
Rents receivable	1v	30,624		30,624	29,902
Interest receivable		142		142	1,235
Total income		459,166	2,058,304	2,517,470	1,543,06B
Expenditure on:
Charitable activities	3	416,545	1,691,455	2,107,999	1,309,663
Investment management
Rental overheads	1v	10,624		10,624	9,497
Total expenditure		427,169	1,691,455	2,118,623	1,319,160
Net income before transfers		31,998	366,849	398,847	223,908
Transfers between funds
Net income after transfers		31,998	366,849	398,847	223,908
Total funds brought forward		835,069	321,090	1,156,159	932,251
Total funds carried forward		6867,067	6687,939	61,555,006	61,156,159

		Notes	2022	2021
Fixed assets
Tangible assets			697,051	702,837
Investments			100,000	100,000
			797,051	802,837
Current assets
Debtors			220,954	98,487
Cash at bank and in hand			832,291	563,0S2
			1,053,245	661,569
Creditors: amounts	falling due
within one year			(124,499)	(119,246)
Net current assets			947,091	542,323
Total assets less current liabilities			1,725,797	1,345,160
Creditors: amounts	falling due
after more than	one year		(170,791)	('189,001)
Net assets			61,555,006	61,156,159
Restricted funds		10	687,939	321,090
Unrestricted funds
Designated capital fund			507,304	493,302
Free core charitable funds			359,763	341,767
Total funds			61,555,006	61,156,159

		Unrestricted	Restricted	Total	Total
	Notes	funds	funds	2022	2021
				6	6
					Note 16
Net income as per the
Statement ofFinancial Activities		31,998	366,849	398,847	223,908
Adjustments for:
Rents receivable		(30624)		(30,624)	(29,902)
Interest receivable		(142)		(142)	(1,235)
Rental overheads payable		11,193		11,193	9,497
Depreciation charges		5,786		5,786	6,537
Decrease/(increase) in debtors		(4,807)	(118,445)	(123,252)	(41,913)
Increase/(decrease) in creditors		13,340	(8,654)	4686	(76,433)
Net cash provided by operating
activities		26744	239,750	266,494	90,459
Cash flows from investing	activities:
Rents received		31,409		31,409	29,589
Interest received		142		142	1,235
Rental overheads paid		(10,754)		(10,754)	(10,469)
Net cash provided by investing
Activities		20,797		20,797	20,355
Cash flows from financing	activities:
Mortgage repayments	7	(18,082)		(18,082)	(18,579)
Net cash (used in) financing	activities	(18,082)		(18,082)	(18,579)
Net change in cash		29,459	239,750	269,209	92,235
Cash balances brought forward		222,200	340,882	563,082	470,847
Cash balances carried forward		6251,659	6580,632	6832,291	f563,082

							2022	2021
Activity
Community Engagement							122,885	111,557
Rural Housing Enabler Service							42,148	37,210
Village Halls Advice Service							53,618	47,303
Community Agents Essex							660,000	783,000
Home from Hospital / Social	Prescription Service						62,500	62,500
Social Isolation &Loneliness	Programme						260,543	269,739
Help Essex Buy Local								14,979
Growing Communities								2,500
Strategic Influencing and Partnership		Working					145,057	132,503
Essex Rivers							2,114	47,800
Find your active							157,482
Covid Building Grant							750,000
Social Isolation Computer Grant							200,000
Afghan Refugee Fund							4,384
Essex Wellbeing Service							23,781
Restricted Grant Making Funds (Note		10)						500
							f'2,484,512	61,509,591
The above figures include the following 'government					grants':
Source		Acuvity
Essex County Council		Community	Agents				660,000	753,000
Essex County Council		Social Isolation			Programme		260,043	256,390
Essex County Council		Social Isolation		Computer		Grant	200,000
Essex County Council		Covid Building			Grant		750,000
Essex County Council		Find your active					157,482
Essex County Council		Afghan Refugee			Fund		4,384
Essex County Council		All unrestricted			activities		150,000	150,000
DEFRA		Essex Rivers						47,800
DEFRA (via ACRE)		AII unrestricted			activities		47,875	48,375
District/Borough Councils		Rural Housing		Enabler			6,000	5,000
Total government grants								f1,260,565

PENDITURE ON CHARITABLE ACTI	VITIES
Year to31March 2022	Direct costs	Support costs	Total 2022
Community Engagement	84,815	33,656	118,471
Rural Housing Enabler Service	23,806	16,828	40,634
Village HaHs Advice Service	32,059	19,633	51,692
Community Agents Essex	623,136	37,500	660,636
Home from Hospital / Social Prescription	62,500		62,500
Social Isolation &Loneliness Programme	224,053	9,524	233,577
Help Essex Buy Local	3,399		3,399
Growing Communities	1,321		1,321
Strategic Influencing and Partnerships	94,972	44,875	139,847
Essex Rivers	1,954		1,954
Find your active	25,616		25,616
Covid Building Grant	742,394		742,394
Social Isolation Computer Grant	2,176		2,176
Afghan Refugee Fund
Essex Wellbeing Service	23,781		23,781
Restricted Grant Making Funds (Note 10)
	1,945,982	162,017	2,107,999
Year to31March 2021	Direct costs	Support costs	Total 2021
Community Engagement	51,847	54,767	106,614
Rural Housing Enabler Service	19,914	15,647	35,561
Village Halls Advice Service	26,952	18,255	45,207
Community Agents Essex	620,166	30,900	651,066
Home from Hospital / Social Prescription	57,500	5,000	62,500
Social Isolation &Loneliness Programme	210,248		210,248
Help Essex Buy Local	15,867		15,867
Growing Communities	2,077		2,077
Strategic Influencing and Partnerships	84,906	41,726	126,632
Essex Rivers	40,399	9,799	50,198
Restricted Grant Making Funds	3,693		3,693
	f1,133,569	Kl76,094	61,309,663

						2022	2021
						6
Wages and	salaries					639,000	628,349
Employer's	national	insurance		contributions		39,534	36,347
Employer's	cont'ns	-defined		benefit pension scheme		105,709	111,547
Employer's	contributions		—defined contribution		pension scheme	6,606	5,292
Total salary	and on-costs					6790,850	678L535

		2022	2021
Salary and on-costs		6,465	6,337
Statutory	audit fees	4,350	3,900
		610,815	610,237

	Long-		ICT		Fixtures
	leasehold	Office	hardware	&	&
	property	equipment	software		fittings	Total
	6				6
Cost/ Valuation
As at 1April 2021 and
31March 2022	725,000	18,612	11,911		4,704	760,227
Depreciation
As at 1April 2021	24,480	17,110	11,911		3,888	57,389
Charge for period	4,080	1,502			204	5,786
As at 31March 2022	28,560	18,612	11,911		4,092	63,175
Net book value
As at 31March 2021	6700,520	fL502			6815	6702,837
As at 31March 2022	6696,440				f611	6697,051

				2022	2021
				6	6
National	Savings	- Income	Bonds	EI00,000	f100,000

					2022	2021
					6
	Trade debtors				207,029	85,199
	Grants receivable					7,773
	Other debtors				1,347	3,055
	Prepayments				12,578	2,460
					6220,954	698,487
7	CREDITORS
					2022	2021
	Amounts faHin	due within one		ear
	Trade/other creditors				29,844	40,757
	Income received	in advance			10,368	5,911
	Accruals				47,424	33,823
	Mortgage capital	instalments			18,345	18,217
	Value added tax				8,213	12,382
	Pay-as-you-earn	tax (PAYE)			10,305	8,156
					6124,499	6119,246
					2022	2021
	Amounts fallin	due after one	ear
	Mortgage capital	uxstalments			6170,791	6189,001

	2022	2021
Financial Assets
Fixed asset investments (Note 5)	100,000	100,000
Trade debtors (Note 6)	207,029	85,199
Cash atbank and in hand	832,291	563,082
Carrying value offinancial assets	&,139,320	f748,281
Financial Liabilities
Trade/other creditors (Note 7)	29,844	40,757
Mortgage capital instalments (Note 7)	189,137	207,218
Carrying value offinancial liabilities	&18,981	f247,975

rk building	- is as fo	llows:
			2022	2021
Receivable	within 1	year	10,965	27,936
Receivable	between	1 and 5years		11,394
			610,965	f'39,330

				Activities	Grant
		Balance 1April	Total	under- taken	funding of	Total expend-	Tran	Balance 31March
		2021	income	directly	activities	iture	fess	2022
Restricted Activities described
in the Directors' Report
Community Agents Essex		163,681	660,000	358,553	3028)84	660,636		163,044
Social Isolation and Loneliness Find your Active		143,740	260&3 157,482	227,802 25,616	5,775	233,577 25,616		170,706 131466
Social Isolation Computer	Grant		200,000	2,176		2,176		197,824
EWSVolunteer Service			23,781	23,781		23,781
Covid Community Building Fund			750,0IN		742,394	742,394		7,606
Growing Communities		2,946			1321	1,321		1,625
Essex Rivers			2,114	1,954		1,954		160
Restricted Grant-Making	Funds
'Making ItHappen'		2,000						2,000
'Surviving Winter Appeal	Fund'	502						502
'Natural Environment' Project 'Fighting Rural Crime' Protect 'Afghan Refugee Fund'		6,700 1322						6,7IN 1,522 4,384
			62,058,304	6639,881	EI,051,574	61,691,455		f687,939

NREST	RICTED FUNDS
			Designated	Free Core	Total
			Capital	Charitable	Unrestricted
			Fund	Funds	Funds
				6
As at 1April 2021			493,302	341,767	835,069
Net movement in unrestricted		funds		31,998	31,998
Transfers	to/ from Designated	Capital Fund:
Reduction	in value oflong leasehold property		(4,080)	4,080
Reduction	in mortgage		18,082	(18,082)
As at 31March 2022			6507,304	6359,763	6867,067

					Ongoing Valuation	FRS102	FRS102
					2018	2018	2017
Financial	assum	tions
RPI increases					3.57%	3.3%	3.6%
Salary increases					4.17%	2.3%	42%
Pension	increases				2.67%	2.3%	2 7%
Discount	rate				5.19%	26%	2.8%
Assumed	life ex	ectanc	from a e65	ears
Retiring	today - males				22.2	22.2	22.1
Retiring	today - females				24.7	24.7	24.6
Retiring	in 20years - males				24.4	24.4	24.3
Retiring	in 20years - females				27.0	27.0	26.9

actuary's estimated ws:	asset allocation for th	e company as at t	he 2018 and 2017year-e	nds was a
			2018	2017
Equities			66%	68%
Gilts / other bonds			11%	8/0
Property			9%	10/0
Cash / alternative	assets / other managed	funds	14%	14o/

e assumptio	ns gave rise to the following val	uations:
		Ongoing Valuation	FRS102	FRS102
		2018	2018	2017
Present value ofdefined benefit liabilities		(LL437,000)	(E2,340,000)	(f2,327,000)
Fair value	offund assets	62,038,000	EI,999,000	61,706,000
Net defined	benefit pension asset/(liability)	6601,000	(634%000)	(6621,000)

					2022	2021
Financial	assum	tions
RPIincreases					3.45%	315%
Salary increases					3.20%	2.80%
Pension	increases				3.20%	2.80%
Discount	rate				2.60%	2.00%
Assumed	life ex	ectanc	from a e65	ears
Retiring	today - males				21.6	21.6
Retiring	today - females				23.7	23.6
Retiring	in 20years - males				23.0	22.9
Retiring	in 20years - females				25.1	25.1

actuary's estimated	asset allocation for the	company as at the	year-end was as follows:
			2022	2021
Equities			60%	62%
Gilts / other bonds			6%	8%
Property			8%	70/
Cash / alternative	assets / other managed	funds	25%	24%

Anal sis ofthe amounts that would have been reco	Anal sis ofthe amounts that would have been reco	ised in the	2022	2021
SOFA under FRS102			L000	6'000
Current service cost			(144)	(115)
Net interest on the defined benefit pension liability			(6)	(2)
Total amount that would have been recognised	in net	income	(150)	(117)
Return on fund assets in excess ofinterest			249	616
Other actuarial gains
Changes in financial &demographic assumptions			181	(840)
Experience (gain) on defined benefit obligations			(8)	28
Total amount that would have been recognised	as an	actuarial
(loss)/gain			422	(196)
Net amount that would have been recognised	in the SOFA		272	(313)

	Anal sis ofthe amount that would	have	have	been reco ised	been reco ised	in the	2022	2021
	Balance Sheet under FRS102						6000	6000
	Present value ofdefined benefit scheme		liabilities				3,400	3,371
	Fair value offund assets (bid value)						3,478	3,072
	Net defined benefit pension liability						(78)	299
	Reconciliation ofthe o enin and closin			balances ofthe		resent	2022	2021
	value ofthe defined benefit scheme liabilities				under FRS102		6000	6000
	Opening present value of defined benefit			scheme	liabilities		3,371	2,382
	Current service cost						144	115
	Interest cost						67	56
	Changes in financial &demographic	assumptions					(181)	840
	Experience (gain) on defined benefit	obligations					8	(28)
	Estimated benefits paid net oftransfers		in				(28)	(14)
	Contributions by scheme participants						19	20
	Closing present value ofdefined benefit		scheme liabilities				3,400	3,371
	Reconciliation ofthe o enin and closin			balances ofthe		fair	2022	2021
	value ofthe fund assets under FRS102						6"000	6'000
	Opening fair value offund assets						3,072	2,285
	Interest on assets						61	54
	Return on assets less interest						249	616
	Other actuarial gains
	Estimated benefits paid net oftransfers in						(28)	(14)
	Contributions by employer						105	111
	Contributions by scheme participants						19	20
	Closing fair value offund assets						3,478	3,072
13	ANALYSIS OFNET ASSETSBETWEEN FUNDS
					Unrestricted		Restricted	Total
	31March 2022					Funds	Funds	Funds
								6
	Tangible fixed assets					697,051		697,051
	Fixed asset investments					100,000		100,000
	Current assets —debtors					64,736	156,218	220,954
	Current assets —cash at bank and in hand					251,659	580,632	832,291
	Current liabilities					(75,588)	(48,911)	(124,499)
	Long-term liabilities					(170,791)		(170,791)
	Net assets at 31March 2022				6867,067		6687,939	6L555,006

	Unrestricted	Restricted	Total
31March 2021	Funds	Funds	Funds
	E		6
Tangible fixed assets	702,837		702,837
Fixed asset investments	100,000		100,000
Current assets —debtors	60,714	37,773	98,487
Current assets —cash at bank and in hand	222,200	340,882	563,082
Current liabilities	(61,681)	(57,565)	(119,246)
Long-term liabilities	(189,001)		(189,001)
Net assets at 31March 2021	6835,069	f321,090	6L156,159

	Unrestricted	Restricted
Year ended 31March 2021	funds	funds	Total
Income from:
Charitable activities	406,052	1,103,539	1,509,591
Donations	2,340		2,340
Investments
Rents receivable	29,902		29,902
Interest receivable	1,235		1,235
Total income	439,529	1,103,539	1,543,068
Expenditure on:
Charitable activities	392,380	917,283	1,309,663
Investment management
Rental overheads	9,497		9,497
Total expenditure	401,877	917,283	1,319,160
Net income before transfers	37,652	186,256	223,908
Transfers between funds
Net income after transfers	37,652	186,256	223,908
Total funds brought forward	797,417	134,834	932,251
Total funds carried forward	f'835,069	6321,090	L1,156,159

			Unrestricted	Restricted
Year ended 31March 2021			funds	funds	Total
			6
Net income as per the Consolidated
Statement of Financial Activities			37,652	186,256	223,90$
Adjustments for:
Rents receivable			(29,902)		(29,902)
Interest receivable			(1,235)		(1,235)
Rental overheads payable			9,497		9,497
Depreciation charges			6,537		6,537
Decrease/(increase) in debtors			(36,279)	(5,634)	(41,913)
(Decrease) in creditors			(30,918)	(45,515)	(76,433)
Net cash provided by/ (used	in)
operating activities			(44,648)	135,107	90,459
Cash flows from investing	activities:
Rents received			29,5$9		29,589
Interest received			1,235		1,235
Rental overheads paid			(10,469)		(10,469)
Net cash provided by investing
activities			20,355		20,355
Cash flows from financing	activities:
Mortgage repayments		7	(18,579)		(18,579)
Net cash (used in) financing	activities		(18,579)		(18,579)
Net change in cash			(42,872)	135,107	92,235
Cash balances brought forward			265,072	205,775	470,847
Cash balances carried forward			f'222,200	f340,882	6563,082