2022-03-31-accounts

		Page
Chairman's statement
Trustees' report		2-7
Auditor's report		8-12
Statement offinancial	activities	13
Balance sheet		15
Statement ofcash flows
Notes to the financial	statements	17-27

			Unrestricted			Expendable
			Accumulated	Designated	Restricted	Capital	Tote I	Total
		Note	fund	Funds	Funds	Funds	2022	2021
							8	5
INCOME FROM:
Chantable actiuties		2	1,184,529		79,208		1,263,737	1,243,014
Donations and legacies		2	70				70	5,540
iciest ments							43	32
TOTAL INCOME			1,184,599			43	1,263,850	1,248,586
EXPENDITURE ON:
Charitable actiuties		3	1,008,473				1,070,618	1,050,966
TOTAL EXPENDITURE			1,008,473		62,145		1,070,618	1,050,966
Net gains on investment
revaluation						96	96	189
NET IN CO MEIEX P ENDI TURE			176,126		17,063	139	193,328	197,809
Transfer between funds			(298,550)	340,000	(17,063)	(24,387)
NET MOVEMENT IN FUNDS			(122,424)	340,000	-	(24,248)	193,328	197,809
Fund balances brought	fonvard		420,015			1,861,641	2,281,656	2,083,847
TOTAL FUNDS CARRIED FORWARD			297,591	340,000		1,837,393	2,474,984	2,281,656

			Unrestricted			Expendable
			Accumulated	Designated	Restricted	Capital	Total
		Note	fund	Funds	Funds	Funds	2021
			8	F		5	8
INCOME FROM:
Chantable actigties		2	1,150,057				1,243,014
Donations and legacies		2					5,540
Intestments						32	32
TOTAL INCOME			1,155,597		92,957	32	1,248,586
EXPENDITURE ON:
Chantable activties		3	972,114		78,852		1,050,966
TOTAL EXPENDITURE			972,114		78,852		1,050,966
Net (losses)/gains	on
Investment revaluation						189	189
NET INCOME/EXPENDITURE					14,105		197,809
Transfer between funds			44,218		(14,105)	(30,113)
NET MOVEMENT IN FUNDS			227,701			(29,892)	197,809
Fund balances brought	forward		192,314			1,891,533	2,083,847
TOTAL FUNDS CARRIED FORWARD			420,015			1,861,641	2,281,656

				Notes	2022		2021
							F
FIXEDASSETS
Tangible assets						1,901,214	1,938,732
Listed inusstment						1,200	1,104
						1,902,414	1,939,836
CURRENT ASSETS
Stock					2,750		2,750
Debtors				10	30,079		17,910
Cash at bank and	in hand				587,359		395,090
					620,188		415,750
Less: CREDITORS: amounts			falling
due within one year					(47,618)		(73,930)
NET CURRENT ASSETS						572,570	341,820
TOTAL ASSETS LESS CURRENT LIABILITIES						2,474,984	2,281,656
CREDITORS: amounts falling
due after one year
						2,474,984	2,251,656
CAPITAL AND RESERVES
Expendable Capital		Funds:
Building Fund				12		1,836,193	1,860,537
Welfare Fund				12		1,200	1,104
						1,837,393	1,861,641
Unrestricted Income		Funds:
Accumulated Fund				12		297,591	420,015
Designated Fund				12		340,000
Restricted Funds				12
TOTAL FUNDS						2,474,984	2,281,656

		2022	2021
		5	f
CASH FLOW FROM OPERAllNG	ACTIVITIES		289,865
CASH FLOW FROM INVESTING	ACTIVlllES
Proceeds from the sale ofinusstments
Payment to acquire tangible fixed	assets	(38,018)	(37,347)
Bank interest recened
COIF interest recened
COIF diudends rene)red			32
NET CASH FLOW FROM INVESTING ACTIVITIES		(37,975)	(37,315)
NET INCREASE IN CASH AND CASH EQUIVALENTS		192,259	252,550
CASH AND CASH EQUIVALENTS	AT THE START OF PERIOD	395,090	142,540
CASH AND CASH EQUIVALENTS	AT THE END OF PERIOD	587,359	395,090
CASH AND CASH EQUIVALENTS	CONSISTS OF:
Cash at bank and in hand		587,359	395,090

				2022	2021
					5
Accumulated fund
Charitabl		actnities	- Resident's	1,184,529	1,150,057
Donation	and legacies			70	5,540
Resbtcted		Funds
Charitable		activities	—Grant income	79,208	92,957
Welfare	fund
Inusstment		income			32
				1,263,850	1,248,586

3. TOT	AL RE	SOURCES EXPENDED
			Basis of	Charitable		Total	Tots I
			Allocation	Activities	Governance	2022	2021
					6	6	5
Costs direcdy related to acdvitiem
Staffcosts			Direct	683,446		683,446	555,535
Prodsions			Direct	59,804		59,804	60,019
Household	requisites		Direct	42,798		42,798	46,553
Premises			Direct	46,206		46,206	54,598
Residents'	telephones		Direct	3,612		3,612	3,988
Insurance	and registration		Direct	17,793	5,036	22,829	17,912
Repairs and renewals			Direct	46,036		46,036	37,524
Audit			Direct		4,500	4,500	4,860
Accountancy			Direct		6,218	6,218	2,000
Support costs allocated to acdvitieta
Oflice and	finance	stafF	Staff time	36,558		36,558	43,150
Training			Usage	226		226	511
Other staff	costs		Usage	9,196		9,196	2,755
Equipment	purchases		Usage	21,195		21,195	31,553
Professional fees			Usage	6,684		6,684	3,179
Communications			Usage	4,237		4,237	7,051
Advertising			Usage	1,106		1,106	1,599
Bank charges			Transaction	431		431	354
Donations	and Sundry		Transaction				49
Depreciation			Usage	75,536		75,536	75,555
				1,054,864	15,754	1,070,618	1,050,965

4. Net income for the year
Net income is stated afier charging;		2022	2021
Depreciation oftangible assets		75,536	76,555
Operating lease rentals		13,108	12,659
5. TRUSTEES' REMUNERATION	AND EXPENSES

		2022	2021
		Number	Number
Employees:
Full time			14
Part time			33
		47	47
)he 39 part time staff are equivalent	to 22 full time staff (2021; 18).
			2021
Wages and salanes		668,764	653,229
Sccial security costs		40,146	36,551
Pension costs		11,094	10,006
			699,786

8. TANGIBLE FIXEDASSETS	Freehdd	Freehold	Fittings 6
	Land	Buildmgs	Equipment	Total
	6	6		f
Cost:
At 1 April 2021		1,748,203	175,067	2,423,270
Additions		18,878	19,140	38,018
Disposals			(2,970)	(2,970)
At 31 March 2022	500,000	1,767,081	191,237	2,458,318
Depreciation:
At 1 April 2021		387,666	96,872	484,538
Charge for the year		43,222	32,314	75,536
Withdrawal re disposal			(2,970)	(2,970)
At 31 March 2022		430,888	126,216	557,104
Net book value at 31 March 2022	500,000	1,336,193	65,021	1,901,214
Net teok value at 31 March 2021	500,000	1,360,537	78,195	1,938,732

			2021
			5
Cost at 1 Apnl 2021 and 31 March 2022		513	513
Market value adlustment
At 1 April 2021		591	402
Change in value	in year	96	189
Market value at 31 March 2022		1,200	1,104
10. DEBTORS			2021
Trade debtors		9,851	4,530
Other debtors		2,094	1,144
Prepayments		18,134	12,236
		30,079	17,910

11.	CREDITORS: amounts	falling due		2021
	within one year
Trade	creditors		7,644	31,329
Taxes	and social security costs		8,759	13,551
Pension contnbutions			2,223	2,841
Resident contnbutions in advance			3,944	4,084
Other	creditors and accruals			22,015
			47,618

		Unrestncted			Expendable
		Accumulated	Designated	Restricted	Capital	Total
		Fund	Fund	Fund	Funds	Funds
		6		E
Balance at	1 Apnl 2020	192,314			1,891,533	2,083,847
Net incoming resources		183,483		14,105	32	197,620
Transfers		44,218		(14,105)	(30,113)
Inrestment	gains				189	189
Balance at	1 April 2021	420,015			1,861,641	2,281,656
Net incoming resources		176,126		17,063	43	193,232
Transfers		(298,550)	340,000	(17,063)	(24,387)
Investment	gains
Balance at	31 March 2022	297,591	340,000		1,837,393	2,474,984

Restricted	Funds (conf	Funds (conf	d)				Coed 19	ICF			Voucher	Voucher	Total
												5	5
Income							3,736	78,133		11,088			92,957
Charitable	expenditure						(3,736)	(64,028)		(11,088)			(78,852)
Transfers								(14,105)					(14,105)
Balance at	1 April 2021
Income							49	53,244		23,465	2,450		79,208
Chantable	expenditure						(49)	(29,244)		(30,402)	(2,450)		(62,145)
								24,000		(6,937)		-	17,063
Transfers								(24,000)		6,937		-	(17,063)
Balance at	31 March	2022
Expendable Capital		Funds
Building Fund - representing				the	value ofthe home's	land and buildings
Depreciation and building			additions		have been transferred		ficm the	unrestricted	fund to	the Building	fund.
Welfare Fund - Inwrstments				held	from which the income		is used	to cover the welfare		of residents	when	no	other support
is available.
						Expendable		capital funds					Total
						Building		Welfare					Expendable
							Fund	Fund					Funds
							5	5					F
Balance at	1 April 2020					1,890,618		915					1,891,533
Net incoming resources								32					32
Transfers							(30,081)	(32)					(30,113)
Investment	gains							189					189
Balance at	1 April 2021					1,860,537		1,104					1,861,641
Net incoming resources
Transfem							(24,344)	(43)					(24,387)
Inwrstment	gains												96
Balance at	31 March	2022				1,836,193		1,200					1,837,393

						Accumulated	Designated	Resbicted	Expendable	2022
						Fund	Fund	Fund	Fund	Total
							6	6		8
Tangible fixed		assets				65,021			1,836,193	1,901,214
Iniestments									1,200	1,200
Current assets						280,188	340,000			620,188
Creditors;	amounts		due within		one year	(47,618)				(47,618)
						297,591	340,000		1,837,393	2,474,984
						Accumulated	Designated	Restricted	Expendable	2021
						Fund	Fund	Fund	Fund	Total
							5		2	5
Tangible fixed		assets				78,195			1,860,537	1,938,732
Iniestments									1,104	1,104
Current assets						415,750				415,750
Creditom:	amounts		due within		one year	(73,930)				(73,930)
						420,015			1,861,641	2,281,656
14. NET	CASH PROVIDED			BYOPERATING ACTIVITIES
								2022		2021
										6
Net income	for	the year						193,328		197,809
COIF diudends		recetutble						(43)		(32)
COIF interest receiwrble
Bank interest race(nable
Depreciation	and impairment			of	tangible	fixed assets		75,536		76,555
(Gain) on intestments								(96)		(189)
(Increase) I	decrease		in stock
(Increase) I	decrease		in debtors					(12,169)		13,887
(Decrease)	I increase		in creditors					(26,312)		1,835
								230,244		289,865

		2022	2021
			F
Within	one year	13,990	10,786
Between two and fne years		54,233	43,144
More	than fiie yearn	27,281	19,773
		95,504	73,703