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2023-03-31-accounts

Pages
Directors' Report 1-10
Statement ofDirectors' Responsibilities
Auditors' Report 12-15
Statement of Financial Activities 16
Balance Sheet 17
Statement ofCash Flows 18
Notes to the Financial Statements 19-34

STATEMENT OF FINANCIAL
YEAR ENDED 31MARCH 2023		 ACTIVITIE S (including
I		 ncome &Exp enditure
Acc		 ount)
Unrestricted Restricted Total Total
Notes funds funds 2023 2022
6
Income from: Note 10 Note 15
Charitable
activities		 2 355,096 1,242,585 1,597,681 2,484,512
Donations 2,069 2,069 2,192
Investments
Rents receivable lv 26,129 26,129 30,624
Interest receivable 5,401 5,401 142
Total income 388,695 1,242,585 1,631,280 2,517,470
Expenditure
on:
Charitable
activities		 3 338,026 1,449,732 1,787,758 2,107,999
Investment
management
Rental overheads 1v 12,060 12,060 10,624
Total expenditure 350,086 1,449,732 1,799,818 2,118,623
Net income before transfers 38,609 (207,147) (168,538) 398,847
Transfers between funds
Net income after transfers 38,609 (207,147) (168,538) 398,847
Total funds brought forward 867,067 687,939 1,555,006 1,156,159
Total funds carried forward 6905,676 6480,792 tr1,386,468 61,555,006

Notes 2023 2022
Fixed assets
Tangible assets
Investments		 692,767
10,000		 697,051
100,000
702,767 797,051
Current assets
Debtors 206,166 220,954
Cash at bank and in hand 526,342 832,291
732,508 1,053,245
Creditors: amounts falling due
within
one year		 (48,808) (124,499)
Net current assets 683,700 928,746
Total assets less current liabilities 1,386,468 1,725, 797
Creditors: amounts falling due
after more than one year (I70,791)
Net assets E1,386,468 E1,555,006
Restricted funds 480,792 687,939
Unrestricted
funds		 12
Designated
capital fund
Free core charitable funds		 692,360
213,315		 507,304
359,763
Total funds E1,386,468 61,555,006
Unrestricted Restricted Total Total
Notes funds funds 2023 2022
L
Note 16
Net income as per the
Statement ofFinancial Activities 38,609 (207,147) (168,538) 398,847
Adjustments
for:
Rents receivable (26,129) (26,129) (30,624)
Interest receivable (5,401) (5,401) (142)
Rental overheads
payable		 12,060 12,060 11,193
Depreciation
charges		 4,284 4,284 5, 786
Decrease/(increase)
in debtors		 46,154 (26,581) 19,573 (123,252)
Increase/(decrease)
in creditors		 (21,580) (35,580) (57,160) 4686
Net cash provided
by operating
activities		 47,997 (269,308) (221,311) 266,494
Cash flows from investing activities:
Rents received 21,344 21,344 31,409
Interest received 5,401 5,401 142
Rental overheads
paid		 (12,246) (12,246) (10,754)
Net cash provided
by investing
Activities		 14,499 14,499 20,797
Cash flows from financing activities:
Mortgage repayments 7 (189,136) (189,136) (18,082)
Net Cash used from investments. 690,000 E90,000
Net cash (used in) financing activities (99,136) (99,136) (18,082)
Net change in cash (36,640) (269,308) (305,948) 269,209
Cash balances brought forward 251,659 580,632 832,291 563,082
Cash balances carried forward f215,019 8311,324 6526,343 6832,291

INCOME FROM CHARITABL E ACTIVITIES
2023 2022
Activity 6
Community
Engagement
Rura!Housing
Enabler Service
Village Halls Advice Service
Community
Agents Essex
Home from Hospital / Social Prescription
Service
Social Isolation &Loneliness
Programme		 92,908
66,996
47,376		 122,885
42,148
53,618
660,000
62,500
260,543
Growing Communities
Strategic Influencing
and Partnership
Essex Rivers		 Working 2,500
147,816		 145,057
2,114
Find your active
Covid Building Grant
Social Isolation Computer
Grant
Afghan Refugee Fund
Essex Wellbeing Service
Community
Agents ' Provide'
United
in Kind ' Provide'		 236,025
614,641
389,419		 157,482
750,000
200,000
4,384
23,781
61,597,681 E2,484,512
The above figures include the following 'government grants':
Source ~Acttvit
Essex County Council
Essex County Council
Essex County Council
Essex County Council
Essex County Council
Essex County Council
Essex County Council		 Community
Agents
Social Isolation Programme
Social Isolation Computer
Covid Building Grant
Find your active
Afghan
Refugee Fund
All unrestricted
activities		 Grant 236,025
]50,000		 660,000
260,043
200,000
750,000
157,482
4,384
150,000
DEFRA (via ACRE)
District/Borough
Councils		 All unrestricted
Rural Housing		 activities
Enabler		 46,875
5,000		 47,875
6,000
Total government
grants		 6437,900 82,235,784

ENDITURE ON CHARITABLE ACTIV ITIES
Direct Support Total
Year to 31March 2023 costs costs 2023
6
Community
Engagement
Rural Housing
Enabler Service
Village Halls Advice Service
Community
Agents Essex		 65,545
40,878
31,742
161,026		 22,897
22,897
13,357
2,018		 88,442
63,775
45,099
163,044
Social Isolation &Loneliness Programme 167,721 2,985 170,706
Growing Communities
Strategic Influencing
and Partnerships
Essex Rivers		 750
102,548
160		 38,162 750
140,710
160
Find your active
Covid Building Grant		 78,312
236,797		 7,874 86,186
236,797
Social Isolation Computer
Grant
Community
Agents 'Provide'
United
in Kind ' Provide'		 17,120
442,662
274,794		 30,513
19,094		 17,120
473,175
293,888
Restricted Grant Making Funds (Note 10) 7,906 7,906
1,627,961 159,797 1,787,758
Direct Support Total
Year to 31March 2022 costs costs 2022
Community
Engagement
Rural Housing
Enabler Service
Village Halls Advice Service
Community
Agents Essex
Home from Hospital / Social Prescription
Social Isolation &Loneliness Programme		 84,815
23,806
32,059
623,136
62,500
224,053		 33,656
16,828
19,633
37,500
9,524		 118,471
40,634
51,692
660,636
62,500
233577
Help Essex Buy Local
Growing
Communities
Strategic Influencing
and Partnerships
Essex Rivers		 3,399
1,321
94,972
1,954		 44,875 3,399
1,321
139,847
1,954
Find you active
Covid Building Grant
Social Isolation computer
Grant		 25,616
742,394
2,176		 25,616
742,394
2,176
Afghan Refugee Fund
Essex Wellbeing Service		 23,781 23,781
61,945,982 6162,017 62,107,999

nd on-costs are included
in tot		 al expenditure
on		 charitable
activities, a		 s follows:
2023
Wages and
Employer's		 salaries
national
insurance		 contributions 842,978
45,076		 639,000
39,534
Employer's cont'ns —defined benefit pension scheme 96,449 105,709
Employer's contributions
—defined contribution		 pension scheme 10,341 6,606
Total salary and on-costs 6994,844 6790,850

clude 64,284 for depreciation
(2022:65,786)and
or the company:		 the following
amounts
in respect ofgove		 rnance
costs
2023 2022
Salary and on-costs
Statutory audit fees		 6,593
7,275		 6,465
4,350
El3,868 610,815

TANGIBLE FIXEDASS ETS
Long- ICT Fixtures
leasehold Office hardware & &
property
6		 equipment software fittings
f.		 Total
Cost/ Valuation
As at 1 April 2022 725,000 18,612 11,911 4,704 760,227
Disposals (9,300)
As at31 March 2023 725,000 18,612 2,611 4,704 750,927
Depreciation
As at 1 April 2022 28,560 18,612 11,911 4,092 63,175
Eliminated
on disposal
Charge for period		 4,080 (9,300) 204 4284
As at 31 March 2023 32,640 18,612 2,611 4,296 58,159
Net book value
As at 31 March 2022 6696,440 6611 6697051
As at '3'i March 2023 6692,360 fA07 6692,768

IXEDAS SE TINV E STMENTS
2023 2022
6
Investment in bonds / equities 610,000 6100,000

EBTORS
2023f 2022
Trade debtors 183,671 207,029
Other debtors 1,347
Prepayments 22,495 12,578
f206,166 f220,954
REDITORS
2023f 2022
Amounts
fallin		 due within one ear
Trade/other
creditors		 (156) 29,844
Income received in advance 4822 10,368
Accruals 26807 47,424
Mortgage capital
Value added tax		 instalments 5,436 18,345
8,213
Pay-as-you-earn tax (PAYE) 11,899 10,305
f48 808 5124499
2023 2022
f
Amounts
fallin		 due after one ear
Mortgage capital instalments fl 70,791

FINANCIAL INSTRUMENTS
2023 2022
Financial Assets
Fixed asset investments
(Note 5)
Trade debtors (Note 6)
Cash at bank and in hand		 10,000
183,671
526,343		 100,000
207,029
832,291
Carrying
value of financial assets		 6720014 61139320
Financial Liabilities
Trade/other
creditors (Note 7)
Mortgage capital instalments
(Note 7)		 48,808 29,844
189,137
Carrying
value offinancial
liabilities		 fA8 808 f218981

e company's
mini
rk building - is as		 mum
future rental income- receivabl
follows:		 e from tenants ofthe Threshelfords Business
2023 2022
f.
Receivable within 1 year 11,070 10,965
Receivable betv een 1 and 5years 13,838
624,908 t:10,965

e company's
m		 in imum
future rental liabilities is as fol		 lows:
2023 2022
f.
Payable within 1 year 656
Payable between 1 and 5years 1,067
61,723

ESTRICTED FUNDS
Expenditure
Activities Grant
Balance
1April
2022		 Total
income		 under-
taken
directly		 funding
of
activities		 Total
expend-
iture		 Tlsns-
fers		 Balance
31March
2023
Restricted Activities described
in the Directors' Report
Conununity
Agents Essex 'ECC'
Sextet Isolation & Loneliness'ECC'		 163,044
170,706		 2
(525)		 163,042
171,231		 16'3,044
170,706
Community
Agents 'Provide'
United
in Kind 'Provide'		 614,6l1
389,419		 47X080
292,282		 95
1,606		 473,175
293,888		 141,466
95,531
Find your Active
Scrotal Isolation Computer
Grant
Covid Communily
Building Fund
Growing Commun(ties
Essex Rivers		 131,866
197,824
7,606
1,625
16()		 236,025
2,5(X)		 86,186
17,120
19
160		 236,797
731		 86,186
17,120
236,797
750
160		 45,680
I80,7()4
6,834
3,375
Restricted Grant-Making
Funds
'Making
It Happen'
'Surviving
Winter Appeal Fund'
'Natural
Environment'
Project
'Fighbng
Rural Crime' Project
'Afghan
Refugee Fund'		 2,0tX)
502
6,7(X)
1,522		 1,522 2,0(X) 2,(XX)
1,522
4,384		 502
6,7tlo
6687,939 EI,242,585 6869,846 E(,449,732 E 8480,792

Designated Free Core Total
Capital Charitable Unrestricted
Fund Funds Funds
As at 1 April 2022 507,304 359,763 867,067
Net movement
in unrestricted		 funds 38,609 36,209
Transfers to/ from Designated Capital Fund:
Reduction in value of long leasehold property (4,080) 4,080
Reduction in mortgage 189,136 (189,136)
As at 31 March 2023 E692,360 6213,315 E905,676

017valua tions
overleaf,		 were as follow s:
Ongoing Valuation FRS102 FR8102
2018 2018 2017
Financial assum
tions
RPI increases 3.57% 3.3% 3.6%
Salary increases
Pension increases		 4.17%
2.67%		 2.3%
2.3%		 4.2%
2.7%
Discount rate 5.19% 2.6% 2.8%
Assumed life ex ectanc from a e65 ears
Retiring
Retiring
Retiring
Retiring		 today - males
today - females
in 20 years -males
in 20years -females		 22.2
24.7
24.4
27.0		 22.2
24.7
24.4
27.0		 22.1
24.6
24.3
26.9

actuary's
esti
ws:		 mated asset allocation
for th		 e company as at the 2018 and 2017year -ends
was a
2018 2017
Equities 66'/o 68/0
Gilts / other bonds 11/o 8 0/
Property
Cash / alternative		 assets / other managed funds 9'%%d
14/o		 10%%d
14/
e assumptions gave rise to the following valuations:
Ongoing Valuation FRS102 FRS102
2018 2018 2017
Present value of defined benefit liabilities (61,437,000) (62,340,000) (f2,327,000)
Fair value
of		 fund assets 62,038,000 Cl,999,000 61,706,000
Net defined benefit pension asset/(liability) 660L000 (6341,000) t'6621,000)

dingham, applied
the fo		 llowing actuari al assumptions
that		 comply with Section 28o fFRS102:
2023 2022
Financial assum
tions
RPI increases 3.15/ 3.45%
Salary increases
Pension increases		 2.85%
2.85%		 3.20%
3.20%
Discount rate 4.80% 2.60%
Assumed life ex ectanc from a e 65 ears
Retiring
Retiring
Retiring
Retiring		 today - males
today -females
in 20years -males
in 20years - females		 21.1
23.5
22.3
25.0		 21.6
23.7
23.0
25.1
actuary's
estimated		 asset allocation for the company
as at the		 year-end
was as follows:
2023 2022
Equities
Gilts / other bonds
Property
Cash / alternative		 assets / other managed funds 58%
1%
8%
33/s		 60%
6%
8%
25%
Anal
sis ofthe amounts		 that would have been reco nised in the 2023 2022
SOFA under FRS102 6'000 6'000
Current service cost (123) (144)
Net interest on the defined benefit pension
liability		 2 (6)
Total amount that would have been recognised in net income (121) (150)
Return
on fund assets in		 excess of interest (79) 249
Other actuarial
gains
Changes
in financial &demographic
assumptions
Experience (gain) on defined benefit obligations		 (110)
1,454
106		 181
(8)
Total amount that would have been recognised as an actuarial
(loss)/gain 1,371 422
Net amount that would have been recognised
in the SOFA		 1,250 272

EFINED BENEFITPENSION SCHE ME —continued ME —continued
Anal
sis ofthe amount that would have		 been reco
ised		 in the 2023 2022
Balance Sheet under FRS102 E'000 E'000
Present value of defined
benefit scheme liabilities		 2,040 3,400
Fair value offund assets (bid value) 3,467 3,478
Net defined benefit pension liability/(asset) (1,427) ('78)
Reconciliation ofthe o enin
and closin		 balances ofthe resent 2023 2022
value ofthe defined benefit scheme liabilities under FRS102 e000 E'000
Opening present value ofdefined
benefit scheme
Current service cost		 liabilities 3,400
123		 3,371
144
Interest cost 88 67
Changes
in financial &demographic
assumptions
Experience (gain) on defined benefit obligations
Estimated
benefits paid net oftransfers
in
Contributions
by scheme participants		 (1,454)
(106)
(28)
17		 (181)
8
(28)
19
Closing present value ofdefined benefit scheme liabilities 2,040 3,400
Reconciliation
ofthe o enin
and closin
value ofthe fund assets
under FRS102		 balances ofthe fair 2023
E'000		 2022
6"000
Opening
fair value offund assets
Interest on assets		 3,478
92		 3,072
61
Return on assets less interest (79) 249
Other actuarial
gains		 (112)
Estimated
benefits paid net oftransfers
in
Contributions
by employer
Contributions
by scheme participants		 (28)
99
17		 (28)
105
19
Closing fair value of fund assets 3,467 3,478

NALYSIS OFNET ASSETSBETWEEN F UNDS
Unrestricted Restricted Total
31March 2023 Funds Funds Funds
f. f.
Tangible fixed assets 692,767 692,767
Current asset investments 10,000 10,000
Current assets —debtors 23,367 182,799 206,166
Current assets —cash at bank and in hand 215,019 311,324 526,343
Current
liabilities		 (35,477) (I3,331) (48,808)
Long-term
liabilities
Net assets at 31 March 2023 6905,676 6480,792 61,386,468
Unrestricted Restricted Total
31March 2022 Funds Funds Funds
6
Tangible fixed assets
Fixed asset investments		 697,051
100,000		 697,051
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		 (I70,791) (I70,791)
Net assets at 31 March 2022 6867,067 6687,939 t;1,555,006

Unrestricted Restricted
Year ended 31March 2022 funds funds Total
E
Income from:
Charitable
activities		 426,208 2,058,304 2,484,512
Donations 2,192 2,192
Investments
Rents receivable 30,624 30,624
Interest receivable 142 142
Total income 459,166 2,058,304 2,517,470
Expenditure
on:
Charitable
activities		 416,545 1,691,455 2,107,999
Investment
management
Rental overheads 10,624 10,624
Total expenditure 427,169 1,691,455 2,118,623
Net income before transfers 31,998 366,849 398,847
Transfers between funds
Net income after transfers 31,998 366,849 398,847
Total funds brought forward 835,069 321,090 1,156,159
Total funds carried forward f867,067 f687,939 6L555,006

Unrestricted Restricted
Year ended 31March 2022 funds funds Total
tr
Net income as per the Consolidated
Statement of Financial Activities		 31,998 366,849 398,847
Adjustments
for:
Rents receivable (30,624) ('30,624)
Interest receivable (142) (142)
Rental overheads
payable		 11,193 11,193
Depreciation
charges		 5,786 5,786
Decrease/(increase)
in debtors		 (4,807) (118,445) ('123,252)
(Decrease) in creditors 13,340 (8,654) 4686
Net cash provided by/(used
operating
activities		 in) 26,744 239,750 266,494
Cash flows from investing activities:
Rents received 31,409 31,409
Interest received 142 142
Rental overheads
paid		 (10,754) (10,754)
Net cash provided
by investing
activities		 20,797 20,797
Cash flows from financing activities:
Mortgage repayments 7 (18,08Z) (18,082)
Net cash (used in) financing activities (18,082) (18,082)
Net change in cash 29,459 239,750 269,209
Cash balances brought forward 222,200 340,882 563,082
Cash balances carried forward f'251,659 f580,632 f832,291