## ## ## |||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|