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||||Pages|Pages||
|---|---|---|---|---|---|
|Officers and Advisers||||||
|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 Flows||||16||
|Notes to the Financial|Statements||17- 32|||
##
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|Trustees||||S M Mann|JP (Chairman|JP (Chairman|JP (Chairman|JP (Chairman|—resigned||Jan 2024)|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||T Crawshaw||||||||
|||||Ft Jackson|ACCA'||CTA'|||||
|||||A Mabert|(resigned||30June 2023)|||||
|||||R Marshall|FRICS|||FAAV' (resigned|||30June 2023)|
|||||S D Porter||||||||
|||||D Smith||||||||
|||||N Meixner|(appointed|||as|Chairman|Jan 2024)||
|||||retired members||of||the professional|||bodies concerned|
|Company|Secretary|||J Dixon||||||||
|Registered|Office|||Colchester|Sight Centre|||||||
|||||40 Osborne Street||||||||
|||||Colchester||||||||
|||||Essex||||||||
|||||CO2 7DB||||||||
|Registered|Company||Number|05098747||||||||
|Registered|Charity|Number||1103732||||||||
|Auditor||||SBAudit LLP||||||||
|||||Chartered|Accountants|||||||
|||||and Statutory
Auditor||||||||
|||||820 The Crescent||||||||
|||||Colchester|Business|||Park||||
|||||Colchester||||||||
|||||CO4 9YQ||||||||
|Bankers||||Natwest
Bank Pic||||||||
|||||4-5 High Street||||||||
|||||Chelmsford||||||||
|||||Essex||||||||
|||||CM1 1FZ||||||||
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Funds|Funds|
||||Notes|Funds|Funds|2023|2022|
||||||E||E|
|Income from:||||||||
|Donations
and legacies|||3|29,596|26,000|55,596|183 087|
|Charitable
activities|||4|1,557,329||1,557,329|1,181,827|
|Other trading
activities|||5|3,432||3,432|2,310|
|Investments|||6|16,837||16,837|11,397|
|Total income||||1,607,194|26,000|1,633,194|1,378,621|
|Expenditure
on:||||||||
|Raising funds|||7|7,467|8,528|15,995|4,964|
|Charitable
activities|||8|1,073,296|30,044|1,103,340|1,563,143|
|Total expenditure||||1,080,763|38,572|1,119,335|1,568,107|
|Net income/(expenditure)||||526,431|(12,572)|513,859|(189,486)|
|Realised
and unrealised||||||||
|(losses)/gains
on investments||||(21,498)||(21,498)|6,938|
|Transfers
between|funds|||||||
|Net movement
in funds||||504,933|(12,572)|492,361|(182,548)|
|Total funds brought||forward||||||
|at 1 May 2022|||17|2,327,971|16,719|2,344,690|2 527,238|
|Total funds carried|forward|||||||
|at 30 April 2023|||17|2,832,904|4,147|2,837,051|2,344,690|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||Funds|Funds|
||||Notes|2023|2022|
||||||E|
|Fixed assets||||||
|Tangible assets|||12|15,242|1,890r830|
|Investments|||13|357,798|368,170|
|||||373,040|2.259,000|
|Current assets||||||
|Stocks|||14|5,374|28,400|
|Debtors —due within||one year|15|7s303|11,520|
|Cash and cash equivalents||||2,474,678|145,189|
|||||2,487,355|185,109|
|Creditors:|amounts|falling due||||
|within|one year||16|(23,344)|(99,419)|
|Net current|assets|||2,464,011|85,690|
|Net assets||||2,837,051|6 2,344,690|
|Income funds||||||
|Restricted funds|||17|4t147|16,719|
|Unrestncted|funds||17|2,832,904|2,327,971|
|||||K 2,837,051|E 2,344,690|
##
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||||||2023|2022|
|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||
|Net movements
in funds|||||492,361|(182.548)|
|Depreciation
of tangible assets|||||9,176|10,745|
|(Profit)/loss
on disposal of|tangible||assets||(428,778)|424|
|Impairment
of fixed assets||||||50,000|
|Interest received|||||(5,559)|(305)|
|Unrealised
investment
gain|||||21,498|(6.938)|
|Decrease/(increase)
in stocks|||||23,026|(3,261)|
|Decrease
in debtors|||||4,217|419|
|(Increase)/decrease
in creditors|||||(76,075)|19.583|
|Net cash from operating|activities||||39,866|(111,881)|
|Cash flows from investing||activities|||||
|Interest received|||||5,559|305|
|Purchase
of tangible
fixed assets|||||(15,058)|(15407)|
|Sale of tangible
fixed assets|||||2,310,248||
|Purchase
of investments|||||(124,363)|(35,019)|
|Sale of investments|||||134,276|175,301|
|Net cash generated
in investing|||activities||2,310,662|125,180|
|Change
in cash and cash||equivalents||in the year|2,350,528|13299|
|Cash and cash equivalents||brought||forward|152,442|139,143|
|Cash and cash equivalents||carried forward|||2,502,970|152.442|
|Represented
by:|||||||
|Cash
in hand
and at bank|||||2,474,678|145.189|
|Cash held
in investment|||||28,292|7,253|
|Cash and cash equivalents||carried forward|||2,502.970|6 152.442|
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||||Total|
|---|---|---|---|
||Unrestricted|Restricted|Funds|
||Funds|Funds|2023|
||E|E||
|Donations|3,254||3,254|
|Legacies|5,000||5,000|
|Grants received|21,342|26,000|47,342|
||29,596|26,000|55,596|
|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restncted|Funds|
|||Funds|Funds|2022|
|||E|E|E|
|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)|
|||E 60,558|E 122,529|5 183,087|
|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restricted|Funds|
|||Funds|Funds|2023|
|||K|E||
|Grants received were as follows|||||
|Essex Cares Limited||12,412||12,412|
|Essex Community|Foundation||21,000|21,000|
|SOS Blind||4,000||4,000|
|Infection
Control|||5,000|5,000|
|Essex covid grant||4,930||4,930|
|||K 21,342|E 26,000|K 47,342|
##
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|||||||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Funds|
|||||Funds|Funds|2022|
|||||E||f|
|Grants received were|||as follows||||
|Essex Cares Limited||||17,850|13285|31,135|
|BASIS||||(3,227)||(3227)|
|Essex Community
SOS Blind||Foundation|||33,265
5,875|33,265
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|
|||||F47,618|E 117.536|f 165,154|
##
||||Total|
|---|---|---|---|
|||Unrestricted|Funds|
|||Funds|2023|
|||E|E|
|Residential|home|1,555,432|1,555,432|
|Day centre||988|988|
|Other activities||909|909|
|||E 1,557,329|F1.557,329|
||||Total|
|||Unrestricted|Funds|
|||Funds|2022|
|||E||
|Residential|home|1,180,751|1,180,751|
|Day centre||22|22|
|Other activities||1,054|1,054|
|||I: 1,181,827|r' 1,181,827|
##
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|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restricted|Funds|
|||Funds
f|Funds
f|2023
f|
|Visual|aids|1,324||1,324|
|Others||2,108||2,108|
|||f 3,432||f 3,432|
|||||Total|
|||Unrestricted|Restricted|Funds|
|||Funds|Funds|2022|
|||F|f|f|
|Visual|aids|1,456||1,456|
|Others||854||854|
|||f 2,310||f 2,310|
##
|NCOME F|ROM INVESTMENTS||||
|---|---|---|---|---|
|||2023||2022|
|||f||f|
|Interest receivable||5,559||305|
|Dividends|receivable|11,278||11,092|
|||f 16,837|f|11,397|
##
||||2023
f|2022f|
|---|---|---|---|---|
|Visual aids|—net of stock|adlustment|15,523|4,801|
|Investment|management|costs|472|163|
||||f 15,995|f 4,964|
##
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||||2023|2022|
|---|---|---|---|---|
||||f|E|
|Residential|home and|day centre|1,086,180|1.495.804|
|Impairment|of freehold|property||50,000|
|Governance|costs (note 9)||17,160|17,339|
||||K 1,103,340 2 1,563,143||
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|Subscriptions
and registration|||fees||6,390|6 485|
|Auditors'|remuneration||||5,765|5,700|
|Auditors'|remuneration|for non-audit||work|5,005|5,154|
||||||E 17,160|5 17,339|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E||
|This is|stated|after charging||||
|Auditors|remuneration|||5,765|5,700|
|Depreciation||—owned assets||9,176|10745|
|(Profit)/Loss||on disposal|offixed assets|(428,778)|424|
##
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##
|STAFF|COSTS||||
|---|---|---|---|---|
||||2023|2022|
||||F|E|
|Wages|and salaries||1,051,436|1,067,754|
|National|insurance|contributions|74,067|66,055|
|Pension|costs||17,735|17,021|
|Pension|administration||3,360|4,080|
||||F1,146,598 F 1,154,910||
|he average|number
ofemployees
during the year|was as follows||||
|---|---|---|---|---|---|
|||2023||2022||
|Management|||2||2|
|Administration|||3||3|
|Community|Services personnel||5||5|
|Care home staff|||48||54|
||||58||64|
##
##
|12|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|
|||Freehold|Fixtures|Motor||
|||propertyf|and fittings|Vehicles|Totalf|
||Cost|||||
||At 1 May 2022|1,850,000|72,768|21,981|1,944,749|
||Additions||15,058||15,058|
||Disposals|(1,850,000)|(70,416)||(1,920,416)|
||At 30 April 2023||17,410|21,981|39,391|
||Depreciation|||||
||At 1 May 2022||41,212|12,707|53,919|
||Charge for the year||6,858|2.318|9,176|
||Disposals||(38,946)||(38,946)|
||At 30 April 2023||9,124|15,025|24,149|
||Net book value
At 30 April 2023||f 8,286|f 6,956|f 15,242|
||At 30 April 2022|f 1,850,000|f 31,566|f 9,274|f 1,890,830|
##
##
||2023|2022|
|---|---|---|
|||f|
|Movement
in fixed asset investments|||
|Market value brought
forward
at 1 May 2022|368,170|500,295|
|Additions
to investment
at cost|124,363|35,019|
|Disposals|(134,276)|(175,301)|
|Gain on revaluation|(21,498)|6.938|
|Increase/(decrease)
in cash held|21,039|1,219|
|Market value carried forward
at 30 Apnl 2023|f 357,798|f 368,170|
|Investment
portfolio at market value comprised|||
|Property
Income Trust for Charities||37,338|
|EP Corporate
Bond Income Fund||55,411|
|EP Global Equity Income Fund|40,523|27.531|
|EP UK Equity Income Fund|212,117|240,637|
|FP Foresight
global real infrastructure|22,780||
|Rathbone
Ethical bond|12,386||
|Royal London Short Term Money|5,016||
|Threadneedle
UK Social bond|5,034||
|Vanguard
UK Government
bond|6,967||
|Vanguard
US Government
bond|24,683||
|Cash held by Investment
Manager|28,292|7,253|
||F 357,798|f 368,170|
|14|STOCK|||
|---|---|---|---|
|||2023|2022|
||||f|
||Medical and domestic supplies||15,856|
||Food||2,705|
||Visual aids —resale stocks|5,374|9,839|
|||f 5,374|f 28,400|
##
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##
|DEBTORS||||
|---|---|---|---|
|||2023f|2022f|
|Trade debtors||2,536|4,086|
|Prepayments|and accrued income|4,767|7,434|
|||f 7,303|f 11,520|
##
|CREDITORS: A|MOUN|TS
FALLING DUE WITHIN|ONE YEAR||
|---|---|---|---|---|
||||2023f|2022f|
|Trade creditors|||6,934|37,326|
|Social security|and other taxes||1,604|22,094|
|Other creditors|||544|18,834|
|Accruals
and deferred||income|14,262|21,165|
||||f 23.344|f Qcl,419|
##
|||||Expenditure|Transfers||
|---|---|---|---|---|---|---|
|||Balance at|Incoming|including|between|Balance at|
|||1 May 2022|resources|gains/(losses)|funds|30April 2023|
||||||E||
|Unrestricted
Funds|||||||
|General
fund||45,494|1,607,194|(1,075,973)|1,850,000|2,426,715|
|Designated
funds|||||||
|Essex support
5 year|||||||
|plan||300,000||||300,000|
|Read House||4 790||(4,790)|||
|Essex support
exit|||||||
|strategy
fund||25.000||||25,000|
|Investment
revaluation|||||||
|reserve||102,687||(21,49&)||81,189|
|Designated
property|||||||
|asset fund||1,850,000|||(1,850,000)||
|||2,327,971|1,607,194|(1,102,261)||2,832,904|
|Restricted
Funds|||||||
|Residents
amenities|at||||||
|Read House||648||(648)|||
|Mobile Sight Centre|||||||
|||4 147||||4,147|
|Brentwood
Community|||||||
|Hospital
Prolect||3.312||(3,312)|||
|Extended
provision|in||||||
|Chelmsford||4,160||(4,160)|||
|Staff fund||3,088||(3,088)|||
|Infection control grant||1,364||(1,364)|||
|ECF Capital grant|||21,000|(21,000)|||
|Thomas
Pocklington|||5,000|(5,000)|||
|trust|||||||
|||16719|26,000|(38,572)||4.147|
|||E 2,344 690|K 1,633,194|K (1,140,833)||K 2,837,051|
##
##
|17|MOVEMENT|IN FUNDS|IN FUNDS|IN FUNDS|—continued|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Expenditure|Transfers||
||||||Balance at|Incoming|||including|between|Balance at|
||||||1 May 2021|resources||gains/(losses)||funds|30 April 2022|
|||||||E|||||E|
||Unrestricted|I|unds|||||||||
||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|||||||||
||strategy|fund|||25,000||||||25,000|
||Investment|revaluation||||||||||
||reserve||||95,749||||6,938||102,687|
||Designated|property||||||||||
||asset fund||||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|Prolect|||3,312||||||3,312|
||Extended
provision|||in||||||||
||Chelm sford||||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|||('I3,285)|||
||ECF Capital|grant||||33,265|||(33,265)|||
||SOS Blind|||||5,875|||(5,875)|||
||||||14,003|122,529|||(119,813)||16,719|
||||||E 2,52/, 238|E 1,378,621|||E (1,561,169)||f. 2,344,690|
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||2023|2022|
|---|---|---|
||F|E|
|Expiry date|||
|Within one year||31,915|
|Between two and fee years||95,724|
|Later than five years|||
|||E 127.639|
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