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|||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|
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||||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|
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||||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|
##
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|||||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|
##
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|||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|
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|||||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|||
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|||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|
##
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##
|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|
##
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##
|||||||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|
##
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|||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|
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