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2023-03-31-accounts

CONTENTS Page
Company
Information
Trustees'
Report		 2-10
Independent
Auditors'		 Report 11-14
Statement of Financial Activities 15-16
Balance Sheet 17
Statement of Cash Flows 18
Notes to the Financial Statements 19-37

Company number 1111252
Charity number 5241249
Registered office Prospect House
Newby
Road		 Industrial Estate
Newby
Road
Hazel Grove
Stockport
SK7 SDA
Principal address Prospect House
Newby Road Industrial Estate
Newby Road
Hazel Grove
Stockport
SK75DA
Trustees Miss N Hinton
Mrs H White
Mrs
L Powis
Ms I Walker
Mr P Greenhalgh (appointed 12September 2022)
Mr C Hemingway (appointed 26August 2022)
Corporate Management Team Mr 5 Brierley —Director of Finance
Mrs LParrott-Bates —Chief Executive
Mr P Locke —Director of Infrastructure
Miss Monika Wieczorek-Alhamoud —HR Director
Mrs A Noon —Director of Learning and Development
Bankers The Co-operative Bank pic
1 Balloon Street
Manchester
M4 4BE
Auditors Mitchell Charlesworth (Audit) Limited
3rd floor, 44 Peter Street
Manchester
M2 5GP

Unrestricted Restricted Total
Notes Funds Funds Pension Funds
2023
E
Income
Donations
and legacies		 13,008 13,008
lob retention
scheme grant
Other trading
income		 2,778 2,778
Income from charitable activities:
Provision ofcare, employment,
catering
8i other services		 7p427p390 573p330 8,000,720
Investment
Income		 11,619 11,619
Total income 7p454p795 573~330 8,028,125
Expenditure
Expenditure
on charitable		 activities:
Provision ofcare, employment,
catering
& other services		 7,313,184 524,392 203,000 8,040,576
Total expenditure 7,313,184 524,392 203,000 8,040,576
Net incoming/(outgoing) resources
before other recognised gains and
losses 141,611 48,938 (203,000) (12,451)
Actuarial
profit on defined benefit
pension scheme 6,427,000 6,427,000
Net movement
in funds		 141,611 48,938 6,224,000 6,414,549
Net transfer between funds
Total funds brought
forward		 2,992,883 226,916 (2,559,000) 660,799
Total funds carried forward 3,134,494 275,854 3,665,000 7,075,348

Unrestricted Restricted Total
Notes Funds Funds Pension Funds
2022
6
Income
Donations
and legacies		 15,212 15,212
lob retention
scheme grant		 73,350 73,350
Other trading income 215 215
Income from charitable activities:
Provision ofcore, employment,
cotering &other services 6,751,998 312,523 7,064,521
Investment
Income		 1,722 1,722
Totalincome 6,842,497 312,523 7,155,020
Expenditure
Expenditure
on charitable		 activities:
Provision ofcare, employment,
catering &other services 6,816,838 338,447 310,000 7,465,285
Total expenditure 6,816,838 338,447 310,000 7,465,285
Net incoming/(outgoing) resources
before other recognised gains and
losses 25,659 (25,924) (310,000) (310,265)
Actuarial
losses on defined		 benefit
pension scheme 2,921,000 2,921,000
Net movement
in funds		 25,659 (25,924) 2,611,000 2,610,735
Net transfer between funds (13,539) 13,539
Total funds brought
forward		 2,980,763 239,301 (5,170,000) (1,949,936)
Total funds carried forward 2,992,883 226,916 (2,559,000) 660,799

2023 2022
Notes
Fixed assets
Tangible assets 15 503,401 486,813
Investments 16 392,031
895,432 486,813
Current assets
Stocks 17 53,633 39,300
Debtors 18 1,240,561 1,180,158
Cash at bank and in hand 1,794,428 2,156,225
3,088,622 3,375,683
Creditors: amounts falling due within one
year 19 (573,706) (642,697)
Net current assets 2,514,916 2,732,986
Total assets less current liabilities 3,410,348 3,219,799
Defined benefit pension scheme
asset/(liability) 21 3p665,000 (2,559,000)
Total net assets 7,075,348 660,799
Funds
Unrestricted funds:
General 22 3,134,494 2,992,883
Pension fund reserve 22 3,665,000 (2,559,000)
Totalfunds 6,799,494 433,883
Restricted funds 23 275,854 226,916
7,075,348 660,799

2023 2022
Notes
Cash flows from operating activities
Cash generated
in operating
activities		 25 26' 692 217,030
Cash used in investing
activities
Purchase oftangible fixed assets (272,743) (315,910)
Disposal proceeds oftangible
fixed assets		 37,635
Purchase of Investments (400,000)
Interest income 11,619 1,722
Net cash used in investing activities (623,489) (314,188)
Net increase in cash and cash equivalents (361,797) (97,158)
Cash and cash equivalents at beginning of
year 2,156,225 2,253,383
Cash and cash equivalents at end ofyear 1,794,428 2,156,225

ITequipment 33%of cost
Catering equipment 25SSofcost
Fixtures and fittings 25/33% ofcost
Leasehold
improvements		 10%ofcost
Motor vehicles 25%ofcost

5. Donations and and legacies Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds 2023 Funds Funds 2022
E E E E E E
Appeals and donations 13,008 13,008 15,212 15,212
6. Other trading income Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds 2023 Funds Funds 2022
E E E E E E
Commercial trading
operations:
Otherservices 2,778 2,778 215 215
2,778 2,778 215 215
7. Income from charitable Unrestricted Restricted Total Funds Unrestricted Restricted Tota I Funds
activities Funds Funds 2023 Funds Funds 2022
E E E E E
Care services 3,260,731 573,330 3,834,061 2,952,003 312,523 3,264,526
Supported employment 2,747,820 2,747,820 2,474,588 2,474,588
Catering 977,284 977,284 898,515 898,515
Other activities 441,555 441,555 426,892 426,892
7,427,390 573,330 8,000,720 6,751,998 312,523 7,064,521

8. Investment income Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
E f E f
Bank interest received 11,619 11,619 1,722 1,722

Care Employment Other Insight Total
Services
f		 Support
f		 Catering
f		 Activitiesf 1628
f		 2023
E
Payroll, and wage
costs 1,651,017 2,161,835 639,117 271,352 4,723,321
Pension service cost 85,763 77,916 27,711 11,610 203,000
Cost of sales and
kitchen equipment 4,120 457,878 461,998
Premises costs 203,735 30,568 119,719 4,164 358,186
General
administration 51,004 18p771 8,329 1,692 79,796
Travel and subsistence 65,800 48,354 1,533 3,114 118,801
Equipment 8,383 2,955 13,360 572 25,270
Depreciation 2,552 2,552
Pure Insight costs 735,418 735,418
Professional including
IT 592 13,831 17,407 35,434
Support costs
(note 10) 540,032 490,619 174,492 73,106 1,278,249
Governance 7,837 7,120 2p532 1,062 18,551
2,618,283 2,854,521 1,462,078 370,276 735,41$ 8,040,576

Analysis ofe xpenditure on charitable
 activities - prior year
Care Employment Other Insight Tota
I
Services Support Catering Activities 1628 2022
6 6 E E 6 E
Payroll, and wage
costs 1,530,746 2,008,862 601,863 170,698 4,312,169
Pension service cost 139,377 117,191 39,734 13,698 310,000
Cost ofsales and
kitchen equipment 5,104 375,601 380,705
Premises costs 213,037 5,139 138,939 2,359 359,474
General
administration 53,620 12,931 8,865 451 75,867
Travel and subsistence 52,791 33,155 1,755 398 88,099
Equipment 14,251 20 15,579 29,850
Depreciation
Pure Insight costs 587,949 587,949
Professional including
IT 384 343 16,049 8,933 25,709
Marketing 285 285
Support costs
(note 12) 557,478 489,868 177,752 54,488 1,279,586
Governance 6,793 5,969 2,166 664 15,592
2,573,581 2,673,763 1,378,303 251,689 587,949 7,465,285

Employment Other Total
Care Services
6		 Support
E		 Catering
6		 Activities
f		 2023
6
Central support
costs:
Payroll,
and		 wages costs 254,759 231p449 82,317 34,488 603,013
Cost ofsales and kitchen equipment (25) (23) (8) (4) (60)
Premises costs 51,404 46,700 16,609 6,959 121,672
General administration 31,522 28,638 10,185 4,267 74,612
Travel and subsistence 5,999 5,450 1,938 812 14,199
Equipment 5,582 5,071 1,804 756 13,213
Depreciation 98,728 89,694 31,900 13,365 233,687
Professional including IT 65,117 59,159 21,040 8,815 154,131
Marketing
Irrecoverable VAT 22,970 20p869 7,422 3,110 54,371
Re-organisation
costs		 3,976 3,612 1,285 538 9,411
540,032 490,619 174,492 73,106 1,278,249
Governance costs:
Audit 7,837 7,120 2,532 1,062 18,551
547,869 497,739 177,024 74,168 1,296,800
Analysis ofsupport costs - prior year
Employment Other Total
Care Services
E		 Support
E		 Catering
E		 Activities
E		 2022
f
Central support costs:
Payroll, and wages costs 283,759 249,344 90,477 27,736 651,316
Cost of sales and kitchen equipment 329 289 105 32 755
Premises costs 3,428 3,012 1,093 335 7,868
General administration 49,285 43,308 15,715 4,817 113,125
Travel and subsistence 3,824 3,360 1,219 373 8,776
Equipment 4,111 3,613 1,310 402 9,436
Depreciation 86,891 76,353 27,705 8,493 199,442
Professional including IT 62,445 54,872 19,911 6,104 143,332
Marketing 37,519 32,969 11,963 3,667 86,118
Irrecoverable VAT 17,228 15,139 5,493 1,683 39,543
Re-organisation
costs		 8,659 7,609 2,761 846 19,875
557,478 489,868 177,752 54,488 1,279,586
Governance costs:
Audit 6,793 5,969 2,166 664 15,592
564,271 495,837 179,918 55,152 1,295,178

11. Net income/(expenditure) for the year 2023 2022
6
This is stated after charging:
Depreciation 242,018 199,442
Auditor's fees - for audit services 13,925 12,800
-for financial statements 2,250 2,100
12. Analysis ofstaff costs, trustees' remuneration and the cost of key management personnel
2023 2022
E f
Wages, salaries, and other staffing costs 4,787,932 4,486,782
Social security costs 351,810 326,056
Pension costs (including service cost) 389,592 204,872
5,529,334 5,017,710
2023 2022
No No

2023 2022
No No
225 228

Stock
2023 2022
f f
Goods for resale 53,633 39,300
53,633 39,300
Debtors 2023 2022
f f
Trade debtors 613,323 526,342
Other debtors and prepayments 627,238 653,816
1,240,561 1,180,158
Creditors: amounts falling due within one year
2023 2022
f f
Trade creditors 114,094 108,177
Other taxes and social security 102,885 167,485
Other creditors and accruals 356,727 367,035
573,706 642,697
Commitments under operating leases
The company leases its main business premises, several cafe premises and other
equipment		 under formal
operating
leases. The		 lease agreements terminate between 2021and 2026.At 31March 2023the company
had
annual
commitments		 under non-cancellable operating leases as set out below.
2023 2022
Land gr buildings f f
Operating
leases which expire:
Within 1year 222,114 168,798
Within 2to 5years 416,383 381,133
638p497 549,931

Financial Assumptions Financial Assumptions
2023 2022
The key financial assumptions used are: Spa ff pa
Inflation/pension increases 2.955fi 3.1570
Salary Increases 3.7556 3.90yli
Discount rate 4.7556 2.75%
Mortality
Assumptions		 2023 2022
Years Years
The period ofpension drawdown: Current Future Current Future
Male 20ia 21.3 20.3 21.6
Female 24.6 25.5 23.2 25,1

Retirement Retirement benefit schemes
ironrinuee)		 benefit schemes
ironrinuee)		 benefit schemes
ironrinuee)		 benefit schemes
ironrinuee)		 2023 2022
E E
Fair volue ofplan assets at the reporting period end
Equity instruments 11,524,000 10,740,100
Debt instruments 2,305,000 2,404,500
Property 1,316,000 1,282,400
Cash 1,316,000 1,603,000
16,461,000 16,030,000
2023 2022
E E
The defined benefit obligations arise from plans funded asfollows:
Wholly unfunded obligations
Wholly or partly funded obligations 12,796,000 18,589,000
12,796,000 18,589,000
Unrestricted Funds- currentyear
Balance at Balance at
1 April Incoming Resources Actuarial 31March
2022 resources expended Gains Transfers 2023
E E E E E E
General fund 2,992,883 7,454,795 (7,313,184) 3,134,494
Pension fund reserve (2,559,000) (203,000) 6,427,000 3,665,000
Total general funds 433,883 7,454,795 (7,516,184) 6,427,000 6,799,494
Unrestricted Funds - prior year
Balance at Actuarial Balance at
1 April Incoming Resources Gains/ 31March
2021 resources expended (losses) Transfers 2022
E E E E E E
General fund 2,980,763 6,842,497 (6,816,838) (13,539) 2,992,883
Pension fund reserve (5,170,000) (310,000) 2,921,000 (2,559,000)
Total general funds (2,189,237) 6,842,497 (7,126,838) 2,921,000 (13,559) 433,883

23 Restricted funds - current year Restricted funds - current year Restricted funds - current year Restricted funds - current year
Balance at Balance at
1April Incoming Resources 31March
2022 resources expended Transfers 2023
E E E 6 6
Christmas
Activities		 12,850 14,160 (20,086) 6,924
Steve Morgan Foundation 16,500 (16,500)
StJames Place 10,000 (833) 9,167
Williams
Foundation		 336 (336)
Salford MBC 53,325 53,325
The Henry Smith Charity 14,387 60,000 (49,387) 25,000
Stockport Local Fund 24,060 (23,879) 181
National
Lottery		 103,314 36,000 (84,505) 54p809
Spark Foundation 68 (68)
Stockport MBC 95,895 (87,106) 8,789
Warrington 5,210 30,000 (33,220) 1,990
Cheshire Community Foundati on
Warrington 27,945 27,945
Cheshire Community Foundati on Cheshire
East 15,166 2,500 (17,666)
The Rayne Foundation 8,333 25,000 (25,000) 8,333
Awards for All 5,833 (5,833)
Paul Hamlyn
Foundation		 17,500 10,500 (25,000) 3,000
The Welland Trust 38,919 34,001 (37,504) 35,416
Schroder 5,000 (5,000)
Cheshire
East		 104,623 (71,317) 33,306
Coop Community Funding 3,821 (318) 3,503
Edward
Gosling		 25,000 (20,834) 4,166
Total unrestricted funds 226,916 573,330 (524,392) 275,854

Co —op foundation Co —op foundation Co —op foundation Funding to support the training of new volunteer
mentors.
Cheshire Community Foundation This has helped
us to provide additional
activities within our Cheshire
East and
Warrington
areas,
such
as the operation
of a		 cafe, and
psychological
wellbeing
service and counselling.
Paul Hamlyn Foundation This fund
has
helped
us to support
young
people
across
a wide
geographical
area, by providing
core funding
which has been		 used in a
variety ofways
The Rayne Foundation This
has
provided
match
funding
for our
psychological		 wellbeing
service in Cheshire
East
Alex Timpson Foundation unding
to support
training
new volunteer
mentos
and to support		 our
ctivities with young parents.
This is providing
a service to Care Leavers in the Trafford area enabling
them
The Henry Smith Charity This fund
is being used to fund a Psychological
Wellbeing
Worker		 to
provide counselling,
emotional
support and life skills training		 to young
people aged between 16-28,who are leaving car.
The Lloyds Foundation Core funding to support our delivery across all areas
The Welland Trust This specifically
has allowed
us to recruit an additional
post, being		 an
employment
officer who works across two areas.
Edward Gosling Foundation Supporting
our provision
in Trafford and counselling
services
Julia Jk Hans Rausing Trust Funding
to support
our core activities
primarily
focussed		 in Cheshire
East.
Segelman Trust Core funding to support the delivery ofour services across all areas
The Swire Trust Core funding to support the delivery ofour services across all areas
The Welland Trust This specifically
has allowed
us to recruit an additional
post, being		 an
employment
officer who works across two areas.

23. Restricted funds - prior year prior year prior year Balance at Balance at
1April Incoming Resources 31March
2021 resources expended Transfers 2022
E f E E E
Christmas
Dinner		 8,357 10,666 (6,133) 12,850
Steve Morgan
Foundation		 20,167 (33,646) 13,479
Healthy
Young Minds		 15,964 (15,964)
Williams
Foundation		 1,585 54 (1,303) 336
Care Conference 8,288 (8,288)
Trafford Housing Trust 7,287 (7,287)
The Henry Smith Charity 14,415 39,100 (39,128) 14,387
COVID-19 Relief 26,611 (26,671) 60
National
Lottery		 133,475 102,536 (132,697) 103,314
Spark Foundation 100 825 (857) 68
Warrington 18,219 10,000 (23,009) 5,210
Trafford Extension 5,000 (5,000)
Cheshire
Community		 Foundation 17,000 (1,834) 15,166
Rayne Foundation 25,000 (16,667) 8,333
Awards for All 10,000 (4,167) 5,833
Paul Hamlyn
Fund		 30,000 (12,500) 17,500
Wellan Trust 42,175 (3,256) 38,919
Schroder 5,000 5,000
Total restricted funds 239,301 312,623 (338,447) 13,539 226,916
24. Analysis ofassets between funds-
current year General Designated Restricted
Fundf Funds
f		 Funds
f		 Total
f
Tangible fixed assets 503,401 503,401
Cash at bank and in hand 1,794,428 1,794,428
Other net current assets 836,665 275,854 1p112,519
Defined benefit pension asset 3,665,000 3,665,000
3,134,494 3,665,000 275,854 7,075,348
Analysis
of assets		 between funds - prior
year General Designated Restricted
Fund Funds Funds Total
f f f E
Tangible fixed assets 486,813 486,813
Cash at bank and in hand 2,156,225 2,156,225
Other net current assets 349,845 226,916 576,761
Defined benefit pension liability (2,559,000) (2,559,000)
2,992,883 (2,559,000) 226,916 660,799

25. Cash used in operations Cash used in operations 2023
f		 2022
6
Net movement
in funds		 190,549 (265)
Adjustments
for:
Depreciation 242,018 208,090
Interest income (11,619) (1,722)
Loss on investments 7,969
(Profit)/Loss
on disposal		 ofassets (23,497) 1,417
Movements
in working		 capital:
(Increase)/decrease in stock (14,333) (18,075)
(Increase)
in debtors		 (60,403) (194,469)
(Decrease) in creditors (68,992) 222,054
Net cash generated in operations 261,692 217,030
26. Net debt reconciliation -current year 1April 31March
2022 Cash flows 2023
The Group
Cash 2,156,225 (361,797) 1,794,428
2,156,225 (361,797) 1,794,428
Net debt reconciliatian -prior year 1April 31March
The Group 2021f Cash flows
6		 2022
6
Cash 2,253,383 (97,158) 2,156,225
2,253,383 (97,158) 2,156,225