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||**Pages**|
|---|---|
|Officers and Advisers|1|
|Report of the Trustees|2-9|
|Independent Auditor’s Report|10-13|
|Statement of Financial Activities||
|(including Income and Expenditure Account)|14|
|Balance Sheet|15|
|Statement of Cash Flow|16|
|Notes to the Financial Statements|17-32|



|The following pages are included for the Trustees’||
|---|---|
|information and do not form part of the financial statements:||
|Detailed combined Statement of Financial Activities|34 - 35|
|Statements of Financial Activities|36 - 37|





## 

|**Trustees**|S M Mann JP (Chairman)|
|---|---|
||T Crawshaw|
||R Jackson ACCA*, CTA*|
||A Mabert|
||R Marshall FRICS*, FAAV*|
||S D Porter|
||D Smith|
||A Williams (resigned 27 October 2021)|
||N Meixner|
||‘retired members of the professional bodies concerned|
|**Company Secretary**|J Dixon|
|**Registered Office**|Read Flouse|
||23 The Esplanade|
||Frinton-on-Sea|
||Essex|
||C013 9AU|
|**Registered Company Number**|05098747|
|**Registered Charity Number**|1103732|
|**Auditor**|Scrutton Bland LLP|
||Chartered Accountants|
||and Statutory Auditor|
||820 The Crescent|
||Colchester Business Park|
||Colchester|
||C049YQ|
|**Bankers**|Natwest Bank Pic|
||4-5 High Street|
||Chelmsford|
||Essex|
||CM11FZ|





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|||||**Total**|**Total**|
|---|---|---|---|---|---|
|||**Unrestricted **|**Restricted**|**Funds**|**Funds**|
||**Notes**|**Funds**|**Funds**|**2022**|**2021**|
|||**£**|**£**|**£**|**£**|
|**Income from:**||||||
|Donations and legacies|3|**60,558**|**122,529**|**183,087**|167,473|
|Charitable activities|4|**1,181,827**|-|**1,181,827**|1,298,977|
|Other trading activities|5|**2,310**|-|**2,310**|759|
|Investments|6|**11,397**|**-**|**11,397**|11,385|
|**Total income**||**1,256,092**|**122,529**|**1,378,621**|1,478,594|
|**Expenditure on:**||||||
|Raising funds|7|**4,964**||**4,964**|2,965|
|Charitable activities|8|**1,443,330**|**119,813**|**1,563,143**|1,556,699|
|**Total expenditure**||**1,448,294**|**119,813**|**1,568,107**|1,559,664|
|**Net (expenditure)/income**||**(192,202)**|**2,716**|**(189,486)**|(81,070)|
|Realised and unrealised||||||
|gains on investments||**6,938**|-|**6,938**|88,469|
|Transfers between funds||-|**-**|**-**|-|
|**Net movement in funds**||**(185,264)**|**2,716**|**(182,548)**|7,399|
|**Total funds brought forward**||||||
|**at 1 May 2021**||**2,513,235**|**14,003**|**2,527,238**|2,519,839|
|**Total funds carried forward**||||||
|**at 30 April 2022**||**2,327,971**|**16,719**|**2,344,690** £ 2,527,238||





## 

## 

|||**Total**|**Total**|
|---|---|---|---|
|||**Funds**|**Funds**|
||**Notes**|**2022**|**2021**|
|||£|£|
|**Fixed assets**||||
|Tangible assets|12|**1,890,830**|1,936,592|
|Investments|13|**368,170**|500,295|
|||**2,259,000**|2,436,887|
|**Current assets**||||
|Stocks|14|**28,400**|25,139|
|Debtors - due within one year|15|**11,520**|11,939|
|Cash and cash equivalents||**145,189**|133,109|
|||**185,109**|170,187|
|**Creditors: amounts falling due**||||
|**within one year**|16|**(99,419)**|(79,836)|
|**Net current assets**||**85,690**|90,351|
|**Net assets**||**£ 2,344,690**|£ 2,527,238|
|**Income funds**||||
|Restricted funds|17|**16,719**|14,003|
|Unrestricted funds|17|**2,327,971**|2,513,235|
|||**£2,344,690**|£ 2,527,238|





## 

## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|**Cash flows from operating activities**|||
|Net movements in funds|**(182,548)**|7,399|
|Depreciation of tangible assets|**10,745**|10,076|
|Loss on disposal of tangible assets|**424**|-|
|Impairment of fixed assets|**50,000**|-|
|Interest received|**(305)**|(424)|
|Unrealised investment gain|**(6,938)**|(88,469)|
|Increase in stocks|**(3,261)**|(1,028)|
|Decrease in debtors|**419**|30,185|
|Increase in creditors|**19,583**|26,996|
|**Net cash from operating activities**|**(111,881)**|(15,265)|
|**Cash flows from investing activities**|||
|Interest received|**305**|424|
|Purchase of tangible fixed assets|**(15,407)**|(9,489)|
|Purchase of investments|**(35,019)**|(26,100)|
|Sale of investments|**175,301**|114,300|
|**Net cash generated in investing activities**|**125,180**|79,135|
|**Change in cash and cash equivalents in the year**|**13,299**|63,870|
|**Cash and cash equivalents brought forward**|**139,143**|75,273|
|**Cash and cash equivalents carried forward**|**152,442**|139,143|
|**Represented by:**|||
|Cash in hand and at bank|**145,189**|133,109|
|Cash held in investment|**7,253**|6,034|
|**Cash and cash equivalents carried forward**|**£ 152,442**|£ 139,143|





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||||**Total**|
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Funds**|
||**Funds**|**Funds**|**2022**|
||£|£|£|
|Donations|**7,077**|**4,993**|**12,070**|
|Legacies|**6,986**|-|**6,986**|
|Grants received|**47,618**|**117,536**|**165,154**|
|Government grant received|**(1,123)**|-|**(1,123)**|
||**£ 60,558**|**£122,529**|**£ 183,087**|



||||Total|
|---|---|---|---|
||Unrestricted|Restricted|Funds|
||Funds|Funds|2021|
||£|£|£|
|Donations|2,936|4,353|7,289|
|Legacies|21,465|-|21,465|
|Grants received|14,895|83,285|98,180|
|Government grant received|40,539|-|40,539|
||£ 79,835|£ 87,638|£ 167,473|
||||**Total**|
||**Unrestricted**|**Restricted**|**Funds**|
||**Funds**|**Funds**|**2022**|
||£|£|£|
|Grants received were as follows:||||
|Essex Cares Limited|**17,850**|**13,285**|**31,135**|
|BASIS|**(3,227)**|-|**(3,227)**|
|Essex Community Foundation|-|**33,265**|**33,265**|
|SOS Blind|-|**5,875**|**5,875**|
|CRF Fund|**32,995**|-|**32,995**|
|Workplace Capacity Fund|-|**4,800**|**4,800**|
|Infection Control|-|**50,244**|**50,244**|
|WRRF|-|**8,760**|**8,760**|
|Omicron|-|**1,307**|**1,307**|
||**£47,618**|£ **117,536**|£ **165,154**|





## 

## 

||||Total|
|---|---|---|---|
||Unrestricted|Restricted|Funds|
||Funds|Funds|2021|
||£|£|£|
|Grants received were as follows:||||
|Essex Cares Limited|14,895||14,895|
|Workplace Capacity Fund|-|2,600|2,600|
|Infection Control|-|68,285|68,285|
|LFT Grant|-|12,400|12,400|
||£ 14,895|£ 83,285|£98,180|



## 

|||**Total**|
|---|---|---|
||**Unrestricted**|**Funds**|
||**Funds**|**2022**|
||£|£|
|Residential home|**1,180,751**|**1,180,751**|
|Day care|||
|Day centre|**22**|**22**|
|Other activities|**1,054**|**1,054**|
||**£ 1,181,827 £ 1,181,827**||
|||Total|
||Unrestricted|Funds|
||Funds|2021|
||£|£|
|Residential home|1,298,135|1,298,135|
|Day care|608|608|
|Day centre|(31)|(31)|
|Other activities|265|265|
||£ 1,298,977 £ 1,298,977||





## 

## 

||||**Total**|
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Funds**|
||**Funds**|**Funds**|**2022**|
||£|£|£|
|Visual aids|**1,456**|_m_|**1,456**|
|Others|**854**|-|**854**|
||**£2,310**|-|**£2,310**|
||||Total|
||Unrestricted|Restricted|Funds|
||Funds|Funds|2021|
||£|£|£|
|Visual aids|757|_|757|
|Others|2|-|2|
||£759|-|£759|
|**NCOME FROM INVESTMENTS**||||
|||**2022**|**2021**|
|||£|£|
|Interest receivable||**305**|424|
|Dividends receivable||**11,092**|10,961|
|||**£11,397**|£ 11,385|
|**XPENDITURE ON RAISING FUNDS**||||
|||**2022**|**2021**|
|||£|£|
|Visual aids - net of stock adjustment||**4,801**|2,788|
|Investment management costs||**163**|177|
|||**£ 4,964**|£ 2,965|



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||**2022**|**2021**|
|---|---|---|
||£|£|
|Residential home and day centre|**1,495,804**|1,542,839|
|Impairment of freehold property|**50,000**|-|
|Governance costs (note 9)|**17,339**|13,860|
||**£ 1,563,143** £ 1,556,699||



## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Subscriptions and registration fees|**6,485**|6,510|
|Auditors’ remuneration|**5,700**|5,100|
|Auditors’ remuneration for non-audit work|**5,154**|2,250|
||**£ 17,339**|£ 13,860|



## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|This is stated after charging:|||
|Auditors’ remuneration|**5,700**|5,100|
|Depreciation - owned assets|**10,745**|10,076|





## 

## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Wages and salaries|**1,067,754**|1,122,023|
|National insurance contributions|**66,055**|71,834|
|Pension costs|**17,021**|18,156|
|Pension administration|**4,080**|4,680|
||**1,154,910** £ 1,216,693||



||**2022**||**2021**||
|---|---|---|---|---|
|Management||**2**||2|
|Administration||**3**||3|
|Community Services personnel||**5**||5|
|Care home staff||**54**||58|
|||**64**||68|





## 

## 

||**Freehold**|**Fixtures**|**Motor**||
|---|---|---|---|---|
||**property**|**and fittings**|**Vehicles**|**Total**|
||£|£|£|£|
|**Cost**|||||
|At 1 May 2021|**1,900,000**|**58,250**|**21,981**|**1,980,231**|
|Additions|-|**15,407**|-|**15,407**|
|Disposals|-|**(889)**|-|**(889)**|
|Impairment|**(50,000)**|-|-|**(50,000)**|
|At 30 April 2022|**1,850,000**|**72,768**|**21,981**|**1,944,749**|
|**Depreciation**|||||
|At 1 May 2021|-|**34,023**|**9,616**|**43,639**|
|Charge for the year|-|**7,654**|**3,091**|**10,745**|
|Disposals|-|**(465)**|-|**(465)**|
|At 30 April 2022|-|**41,212**|**12,707**|**53,919**|
|**Net book value**|||||
|At 30 April 2022|**£ 1,850,000**|**£31,566**|**£ 9,274**|**£ 1,890,830**|
|At 30 April 2021|£ 1,900,000|£ 24,227|£ 12,365|£ 1,936,592|





## 

## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|**Movement in fixed asset investments**|||
|Market value brought forward at 1 May 2021|**500,295**|501,010|
|Additions to investment at cost|**35,019**|26,100|
|Disposals|**(175,301)**|(114,300)|
|Gain on revaluation|**6,938**|88,469|
|increase/(decrease) in cash held|**1,219**|(984)|
|Market value carried forward at 30 April 2022|**£ 368,170**|£ 500,295|
|**Investment portfolio at market value comprised**|||
|Property Income Trust for Charities|**37,338**|59,804|
|EP Corporate Bond Income Fund|**55,411**|73,929|
|EP Global Equity Income Fund|**27,531**|39,879|
|EP UK Equity Income Fund|**240,637**|320,649|
|Cash held by Investment Manager|**7,253**|6,034|
||**£368,170**|£ 500,295|



## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Medical and domestic supplies|**15,856**|8,328|
|Food|**2,705**|2,589|
|Visual aids - resale stocks|**9,839**|11,973|
|Visual aids - display stocks|-|2,249|
||**£ 28,400**|£25,139|





## 

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## 

||**2022**|**2021**|
|---|---|---|
||**£ **|**£**|
|Trade debtors|**4,086**|6,994|
|Government Grants|-|-|
|Prepayments and accrued income|**7,434**|4,945|
||**£ 11,520**|£ 11,939|



## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Trade creditors|**37,326**|41,113|
|Social security and other taxes|**22,094**|15,518|
|Other creditors|**18,834**|7,309|
|Accruals and deferred income|**21,165**|15,896|
||**£99,419**|£ 79,836|





## 

## 

||||**Expenditure**|**Transfers**||
|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**including**|**between**|**Balance at**|
||**1 May 2021**|**resources**|**gains/(losses)**|**funds**|**30 April 2022**|
||£|£|£|£|£|
|**Unrestricted Funds**||||||
|General fund|184,589|**1,255,199**|**(1,394,294)**||**45,494**|
|**Designated funds**||||||
|Essex support 5 year||||||
|plan|300,000||||**300,000**|
|Read House|7,897|**893**|**(4,000)**||**4,790**|
|Essex support exit||||||
|strategyfund|25,000||**.**||**25,000**|
|Investment revaluation||||||
|reserve|95,749|**.**|**6,938**||**102,687**|
|Designated property||||||
|assetfund|1,900,000|-|**(50,000)**|-|**1,850,000**|
||2,513,235|**1,256,092**|**(1,441,356)**|_|**2,327,971**|
|**Restricted Funds**||||||
|Residents amenities at||||||
|Read House|783|**380**|**(515)**||**648**|
|Mobile Sight Centre|4,147|-|||**4,147**|
|Brentwood Community||||||
|Hospital Project|3,312|■|-||**3,312**|
|Extended provision in||||||
|Chelmsford|4,160|-|-||**4,160**|
|Staff fund|1,601|**4,613**|**(3,126)**||**3,088**|
|Workplace Capacity||||||
|grant|~|**4,800**|**(4,800)**|-||
|WRRF||**8,760**|**(8,760)**|||
|Infection control grant|-|**50,244**|**(48,880)**||**1,364**|
|LFT grant|-|**1,307**|**(1,307)**|-||
|ECL additional funds|-|**13,285**|**(13,285)**|.||
|ECF Capital grant|-|**33,265**|**(33,265)**|-||
|SOS Blind||**5,875**|**(5,875)**|||
|||||-||
||14,003|**122,529**|**(119,813)**||**16,719**|
||£ 2,527,238|**£ 1,378,621**|**£(1,561,169)**|**-**|**£ 2,344,690**|





## 

## 

||||Expenditure|Transfers|Transfers||
|---|---|---|---|---|---|---|
||Balance at|Incoming|including|between Balance at|||
||1 May 2020|resources gains/(losses)||funds|30|April 2021|
||£|£|£|£||£|
|Unrestricted Funds|||||||
|General fund|264,187|1,389,821|(1,470,357)||938|184,589|
|Designated funds|||||||
|Essex support 5 year|||||||
|plan|300,000|-|-||-|300,000|
|Read House|8,000|1,135|-|(1,238)||7,897|
|Essex support exit|||||||
|strategy fund|25,000|”|-||-|25,000|
|Investment revaluation|||||||
|reserve|7,280|-|88,469||-|95,749|
|Designated property|||||||
|asset fund|1,900,000|-|-||-|1,900,000|
||2,504,467|1,390,956|(1,381,888)||(300)|2,513,235|
|Restricted Funds|||||||
|Residents amenities at|||||||
|Read House|3,019|1,345|(3,581)|||783|
|Mobile Sight Centre|4,147|-|-||-|4,147|
|Brentwood Community|||||||
|Hospital Project|3,312|“|-||-|3,312|
|Extended provision in|||||||
|Chelmsford|4,160|-|-||-|4,160|
|Staff fund|734|3,008|(2,441)||300|1,601|
|Workplace Capacity|||||||
|grant|-|2,600|(2,600)||-|-|
|Infection control grant|-|68,285|(68,285)||-|-|
|LFT grant|-|12,400|(12,400)||-|-|
||15,372|87,638|(89.,307)||300|14,003|
||£2,519,839|£ 1,478,594|£(1,471 ,195)||- £ 2,527,238||





## 



## 

## 

||**Tangible**||**Net**||
|---|---|---|---|---|
||**fixed**||**current**|**2022**|
||**assets**|**Investments**|**assets**|**Total**|
||£|£|£|£|
|**Restricted funds**|-|-|**16,719**|**16,719**|
|**Unrestricted funds**|**1,890,830**|**368,170**|**68,971**|**2,327,971**|
||**1,890,830**|**368,170**|**85,690**|**2,344,690**|
||Tangible||Net||
||fixed||current|2021|
||assets|Investments|assets|Total|
||£|£|£|£|
|Restricted funds|-|-|14,003|14,003|
|Unrestricted funds|1,936,592|500,295|76,348|2,513,235|
||£ 1,936,592|£ 500,295|£ 90,351|£ 2,527,238|





## 

## 

||2022|**2021**|
|---|---|---|
||£|£|
|Expiry date:|||
|Within one year|**31,915**|28,663|
|Between two and five years|**95,724**|64,781|
|Later than five years|||
||**£ 127,639**|£ 93,444|



## 

##