| Page | |||||||
|---|---|---|---|---|---|---|---|
| Company information |
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| Directors' Report | 2-16 | ||||||
| Consolidated | Statement | of Comprehensive | Income | 17 | |||
| Consolidated | Statement | ofChanges | in Equity | 18 | |||
| Company Statement |
of | Changes | in | Equity | 18 | ||
| Consolidated | Statement | of Financial | Position | 19 | |||
| Company Statement |
of | Financial | Position | 20 | |||
| Consolidated | Statement | ofCash | Flows | 21 | |||
| Notes to the | Financial | Statements | 22-28 | ||||
| Independent | Auditor's | Report | 29-30 |
| Board ofTrustees: | Board ofTrustees: | Ranjit Bhamra | Chair | ||
|---|---|---|---|---|---|
| Hugh Miller |
Treasurer | ||||
| Andrew Crawford |
Vice-Chair | ||||
| Vinod Kumar Khanna | Chief Exec | ||||
| Ron Horace French | |||||
| Anne Bramely | |||||
| Pamela Crawford |
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| Peter Onley | - resigned | ||||
| Pippa Catterall | - resigned | ||||
| Secretary: | Vinod Kumar Khanna | ||||
| Registered | Office: | 20 Whitehall Lane |
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| Slade Green | |||||
| Kent | |||||
| DA8 2DH | |||||
| Registered | Number: | 5296168 | |||
| Charity Registration | Number | 1107820 | |||
| Group VAT | Registration | No. | 292854171 | ||
| Auditors: | Appleby &Wood (London) Limited |
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| 40 The Lock Building | |||||
| Strafford | |||||
| London | |||||
| E152QB | |||||
| Bankers: | National Westminster | Bank | |||
| 1 Townley Road | |||||
| Bexleyheath | |||||
| DA6 7JG | |||||
| Solicitors | Grippe Harries Hall LLP |
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| Wallside House | |||||
| 12 Ephraim Road |
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| Tunbridge Wells |
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| Kent | |||||
| TN1 1EG |
| Prior Year | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| unrestricted | Designated | Restricted | Total Funds | Total Funds | |||||||
| Note | Funds | Funds | Funds | 2022 | 2021 | ||||||
| Income and endowments | from: | ||||||||||
| Incoming resources |
from generated | funds | |||||||||
| Charitable activities |
5,055,246 | 5,055,246 | 5,659,768 | ||||||||
| Investments | 1,376 | 1,376 | 2,033 | ||||||||
| Other Incoming Resources | 85,114 | 85,114 | 105,582 | ||||||||
| Total | 1 | 5,141,736 | 5,141,736 | 5,767,383 | |||||||
| Expenditure on: |
|||||||||||
| Charitable Activities |
4,706,555 | 476,089 | 5,182,644 | 5,438,653 | |||||||
| Other - Governance | cost | 63,473 | 63,473 | 35,055 | |||||||
| Total | 4,770,028 | 476,089 | 5,246,117 | 5,473,708 | |||||||
| Net Incoming/(Expenditure) | 371,708 | ( | 476,089 ) | ( | 104,381 ) | 293,675 | |||||
| Corporation tax |
15 | ||||||||||
| 371,708 | ( | 476,089 ) | ( | 104,381 ) | 293,675 | ||||||
| Transfers between |
funds | ||||||||||
| Net movement in funds |
371,708 | ( | 476,089 ) | ( | 104,381 ) | 293,675 | |||||
| Reconciliation offunds: |
|||||||||||
| Total funds brought | forward | 10 | 7,456,555 | 596,706 | 56,554 | 8,109,815 | 7,816,140 | ||||
| Total Funds carried | forward | at 31 | March | 2022 | 7,828,263 | 120,617 | 56,554 | 8,005,434 | 8,109,815 |
| Funds | General | Designated | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| As at 31st March | 2021 | 7,456,555 | 596,706 | 56,554 | 8,109,815 | |||
| Transfer between | reserves | 476,089 | ( | 476,089 ) | ||||
| Comprehensive | loss | ( | 104,381 ) | (104,381) | ||||
| As at 31st March | 2022 | 7,828,263 | 120,617 | 56,554 | 8,005,434 |
| Funds | General | Designated | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| t: | F | ||||||||
| As at 31st March | 2021 | 7,538,466 | 596,706 | 56,554 | 8,191,726 | ||||
| Transfer between | reserves | 476,089 | ( | 476,089 ) | |||||
| Comprehensive | loss | ( | 23,606 ) | ( | 23,606 ) | ||||
| As at 31st March | 2022 | 7,990,949 | 120,617 | 56,554 | 8,168,120 |
| COMPANY LIMITED BYGU | ARANTEE - | NO 529616 | 8 |
|---|---|---|---|
| COMPANY STATEMENT OF FINANCIAL | POSITIONT | AS AT 31st | MARCH 2022 |
| Note | Total funds 2022 f |
Total funds 2021 | |
| Fixed Assets | |||
| Tangible assets Investments |
4,433,541 1,070,100 |
4,205,509 1,070,100 |
|
| Current Assets | |||
| Debtors &Prepayments Stock Short term Deposits Cash at Bank & in hand Suspense account |
1,830,680 97,528 1,507,577 3,840 16,134 |
2,546,184 118,975 906,226 86,103 51,198 |
|
| Total current assets | 3,455,759 | 3,708,686 | |
| Current Liabilities |
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| Creditors falling due within one year |
752,958 | 753,247 | |
| 752,958 | 753,247 | ||
| Net Current Assets or (liabilities) Total assets less current liabilities |
2,702,801 8,206,442 |
2,955,439 8,231,048 |
|
| Creditor amount falling due |
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| in more than one year | (38,322) | (39,322) | |
| Total net assets | 8,168,120 | 8,191,726 | |
| The funds ofthe charity: | |||
| General funds Designated funds Restricted funds |
7,990,949 120,617 56,554 |
7,538,466 596,706 56,554 |
|
| Total charity funds | 8,168,120 | 8,191,726 |
| Statement ofcash flows | Total funds | Prior year | ||||
|---|---|---|---|---|---|---|
| 2022 f |
funds 2021 f |
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| Cash flows from operating activities: |
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| Net cash provided by (usedin) operating | activities | (102) | 532,667 | |||
| Cash flows from investing activities: |
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| Dividends, interest and rents from investments Proceeds from the sale ofproperty, plant and equipment |
1,376 | 2,033 | ||||
| Purchase of property, plant and equipment Blossoms Care Home Ltd cash at bank at acquisition |
(539,186) | (238,068) | ||||
| Purchase of investments | ||||||
| Net cash provided by (used in)investing Cash flows from financing activities: |
activities | (537,912) | 296,632 | |||
| Repayments of borrowing |
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| Cash inflow from new borrowing | ||||||
| Receipt ofendowment | ||||||
| Net cash provided by (used in) financing |
activities | (537,912) | 296,632 | |||
| Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning ofthe reporting Cash and cash equivalents at the end ofthe reporting period |
period | (537,912) 2,354,753 1,816,841 |
296,632 2,058,121 2,354,753 |
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| Reconciliation of net incomel ex enditure |
to net cash | flow from o | cretin | activities | ||
| Net incomei(expenditure) for the reporting period |
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| (asper the statement offinancial activities) Adjustments for: |
(104,381) | 293,675 | ||||
| Depreciation charges |
308,052 | 184,480 | ||||
| Amortisation charges Interest from investments Corporation tax Loss/(profit) on the sale offixed assets |
42,998 (1,376) 464 |
42,998 (2,033) (10,148) 909 |
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| (Increase)/decrease in debtors (Increase)/decrease in stock Increase/(decrease) in creditors Net cash provided by (used in) operating |
activities | (163,643) 21,447 ~(103,663 ~702 |
(292,505) 133,955 181,336 632,667 |
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| Anal sis ofcash and cash e uivalents | Total funds 2022 |
Prior year funds 2021 |
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| Cash in hand Investment capital reserve account Total cash and cash equivalents |
309,264 1,507,577 1,816,841 |
1,448,527 906,226 2,354,753 |
| Charitable | Bank | Other | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Activities | Interest | Income | 2022 | 2021 | |||||
| SLA Contract | 2,784,693 | 2,784,693 | 3,351,573 | ||||||
| Spot Contracts | 311,441 | 311,441 | 436,664 | ||||||
| Bank Interest Received | 1,376 | 1,376 | 2,033 | ||||||
| Other Income | 296,498 | 85,114 | 381,612 | 702,740 | |||||
| Apex - equipment sales |
1,662,614 | 1 662 614 | 1,274,373 | ||||||
| Total Income | 5,055,246 | 1,376 | 85,114 | 5,141,736 | 5,767,383 | ||||
| Note2 | Anal sisof Ex enditure | ||||||||
| Charitable | |||||||||
| Activities | Other | Total 2022 | Total 2021 | ||||||
| E | 6 | E | 6 | ||||||
| Costs directly allocated fo activities: | |||||||||
| Staff costs (including | expenses | and | other costs) | 2,665,741 | 21,951 | 2,687,692 | 2,803,583 | ||
| Governance Expenses |
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| Consultants | 3,492 | 3,492 | 76,199 | ||||||
| Legal & professional | costs | ||||||||
| Audit | 40,467 | 40,467 | 12,720 | ||||||
| Support costs allocated to activities: | |||||||||
| Staff training | 5,770 | 5,770 | 4,098 | ||||||
| Equipment | 552,093 | 552,093 | 445,102 | ||||||
| Service &Provisions | 732,634 | 732,634 | 854,484 | ||||||
| Premises Insurance General office expenses |
750,604 29,022 34,228 |
750,604 29,022 34,228 |
767,832 23,606 46,873 |
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| Recruitment Travel &subsistence |
5,913 | 5,913 | 1,358 13,097 |
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| Vehicle expenses | 156,563 | 156,563 | 126,438 | ||||||
| Communications I.T., support 8 maintenance |
23,550 147,290 |
23,550 147,290 |
24,741 151,820 |
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| Legal & professional | costs | 27,030 | 1,055 | 28,085 | 40,597 | ||||
| General/Office equipment Bank charges Loss on Disposal offixed assets |
( | 205) 3,464 464 |
( | 205 ) 3,464 464 |
18,051 2,444 909 |
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| Amortisation | 42,998 | 42,998 | 42,998 | ||||||
| Other | 1,993 | 1 993 | 16758 | ||||||
| 5,182,644 | 63,473 | 5,246,117 | 5,473,708 |
| Note | 2 | a Anal sis oftot | al resources ex | ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other | ||||||||||||
| Support | Direct | |||||||||||
| Staff Costs | Costs | Costs | Total 2022 | Total 2021 | ||||||||
| f | f | f | 6 | |||||||||
| Charitable Activittes |
2,665,741 | 1,025,660 | 1,491,243 | 5,182,644 | 5,438,653 | |||||||
| Governance Total resources |
expended | 21,951 2,687,692 |
41,522 1,067,182 |
- 1,491,243 |
63,473 5,246,117 |
35,055 5,473,708 |
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| b Anal sisofsu | ortcosts | 2022 | 2021 | |||||||||
| 6 | 6 | |||||||||||
| Employee - related costs | ||||||||||||
| Meals &Provisions | ||||||||||||
| Premises | 750,604 | 767,832 | ||||||||||
| Communications & IT Postage 8 Printing & Stationery Professional Services |
170,840 34,228 27,030 |
176,561 46,873 39,647 |
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| Governance Total support costs |
41,522 1,024,22 |
13,670 1,044,583 |
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| c)Analysis ofgovernance costs | 2022 | 2021 | ||||||||||
| 6 | 6 | |||||||||||
| Audit fees Professional fees Trustee expenses |
40,467 1,055 |
12,720 950 |
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| Apportionment of Total governance |
staff costs costs |
21,951 63,473 |
21,385 35,055 |
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| Note | 3 | Fixed Assets | Rental Assets | |||||||||
| Land & | Sidcup | Day Care | Fixtures & | Motor | ||||||||
| Buildings 6 |
Warehouse F |
Shop | Centre 6 |
Fittings f |
Vehicles 6 |
Totalf | ||||||
| Cost b/fwd 1.4.21 | - Group | 3,452,958 | 880,242 | 652,435 | 124,814 | 481,121 | 109,352 | 5,700,922 | ||||
| Additions Disposals Cost c/fwd 31.3.22 |
3,452,958 | 880242 | 652435 | 124,814 | 539,186 1,020,307 |
( | 580 ) 108,772 |
( | 539,186 580 ) 6,239,528 |
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| Depreaation b/fwd |
1.4.21 —Group | 156,510 | 169,451 | 44,960 | 124,814 | 281,216 | 71,253 | 848,204 | ||||
| Charge for the year | 49,836 | 17,605 | 11,609 | - | 211,222 | 17,780 | 308,052 | |||||
| Disposals Depreciation c/fwd |
31.3.22 | 206,346 | 187056 | 56569 | 124,814 | 492,438 | ( | 116) 88,917 |
( | 116) 1,156,140 |
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| Net book value as | at 31.3.22 | 3,246,612 | 693,186 | 595,866 | 527,869 | 19,855 | 5,083,388 | |||||
| Net book value as | at 31.3.21 | 3,296,448 | 710,791 | 607,475 | 199,905 | 38,099 | 4,852,718 |
| Goodwill | ||
|---|---|---|
| Goodwill | ||
| COST | f | |
| Cost b/fwd | 01.04.21 | 429,983 |
| Additions | ||
| Disposals | ||
| Cost c/fwd | 31.03.22 | 429,983 |
| AII4ORTISATION | ||
| Amortisation | b/fwd 01.04.21 | 85,996 |
| Charge for | the year | 42,998 |
| Impairment | ||
| Amortisation | c/fwd 31.03.22 | 128,994 |
| Net Book Value as at31.03.22 | 300,989 | |
| Net Book Value as at 31.03.21 | 343,987 |