This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-03-31-accounts
|
Pages |
| Reference and administrative information |
1-2 |
| Directors' report |
3-6 |
| Independent examiner's report |
7 |
| Statement of financial activities |
8 |
| Balance sheet |
9-10 |
| Cashflow statement |
11 |
| Notes to the financial statements |
12-20 |
| Founder: |
The late Dr Richard Fox MB. MRCP. DPM |
| President: |
No appointment |
| Chair: |
Ms Lesley Frearson |
| Registered Office: |
147 Straight Road |
|
Colchester |
|
Essex C03 9DE |
| Company No: |
06205036 |
| Registered Charity No: 1119817 |
|
| Independent Examiner: Tim O'Connor ACA FCCA DChA |
|
|
Scrutton Bland LLP |
|
820 The Crescent |
|
Colchester Business Park |
|
Colchester |
|
Essex C04 9YQ |
| Bankers: |
Barclays Bank pic |
|
9 High Street |
|
Colchester |
|
Essex COl 1DD |
| Solicitors: |
Birkett Long LLP |
|
1 Amphora Place |
|
Sheepen Road |
|
Colchester |
|
Essex C03 3WG |
|
|
Unrestricted |
Unrestricted |
|
Restricted |
Total |
Total |
|
|
general |
designated |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
|
£ |
£ |
£ |
| Income and endowments from: |
|
|
|
|
|
|
|
| Income from Charitable Activities |
|
|
|
|
|
|
|
| Fees |
|
190,413 |
|
|
3,157 |
193,570 |
212,494 |
| Investment income |
|
48 |
|
|
- |
48 |
448 |
| Other income |
|
1,328 |
|
|
- |
1,328 |
1,302 |
| Total income |
|
191,789 |
|
|
3,157 |
194,946 |
214,244 |
| Expenditure |
|
|
|
|
|
|
|
| Expenditure on Charitable activities: |
3 |
157,534 |
|
|
13,615 |
171,149 |
172,541 |
| Total expenditure |
5 |
157,534 |
|
- |
13,615 |
171,149 |
172,541 |
| **Net income/(expenditure) before ** |
transfers |
34,255 |
|
|
(10,458) |
23,797 |
41,703 |
| Transfer between funds |
|
312,165 |
(312,165) |
|
|
|
|
| Net movement in funds |
|
346,420 |
(312,165) |
|
(10,458) |
23,797 |
41,703 |
| Fund balances at 1 April 2021 |
|
478,710 |
382,157 |
|
28,640 |
889,507 |
847,804 |
| Fund balances at 31 March 2022 |
|
£ 825,130 £ |
69,992 £ |
|
18,182 |
£ 913,304 £ |
889,507 |
|
|
|
(Note |
13) |
(Note 12) |
|
|
BALANCE SHEET
AS AT 31 MARCH 2022 |
|
|
|
|
|
|
|
|
|
|
|
**Unrestricted ** |
|
|
Restricted Total |
|
|
|
Total |
|
|
General |
Designated |
|
Funds |
|
2022 |
|
2021 |
|
Notes |
£ |
£ |
|
£ |
|
£ |
|
£ |
| FIXED ASSETS |
|
|
|
|
|
|
|
|
|
| Tangible assets: |
|
|
|
|
|
|
|
|
|
| Freehold property |
7.1 |
692,440 |
|
- |
|
- |
692,440 |
|
373,040 |
| Leasehold property |
7.2 |
103,593 |
|
- |
|
- |
103,593 |
|
103,593 |
| Furniture, equipment etc |
8 |
|
|
- |
|
- |
- |
|
- |
|
|
796,033 |
|
- |
|
- |
796,033 |
|
476,633 |
| Investments |
9 |
|
|
- |
|
- |
- |
|
67,319 |
|
|
796,033 |
|
“ |
|
” |
796,033 |
|
543,952 |
| CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
| Debtors |
|
- |
|
- |
735 |
|
735 |
|
4,703 |
| Prepayments |
|
17,552 |
|
- |
|
- |
17,552 |
|
17,467 |
| Bank balances and cash in hand |
|
29,860 |
69,992 |
|
17,447 |
|
117,299 |
|
350,099 |
|
|
47,412 |
69,992 |
|
18,182 |
|
135,586 |
|
372,269 |
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
| amounts falling due within one year |
|
|
|
|
|
|
|
|
|
| Other creditors |
|
10,325 |
|
_ |
|
_ |
10,325 |
|
12,114 |
| Mortgage (secured) |
10 |
5,982 |
|
- |
|
- |
5,982 |
|
5,982 |
|
|
16,307 |
|
- |
|
- |
16,307 |
|
18,096 |
| NET CURRENT ASSETS |
|
31,105 |
69,992 |
|
18,182 |
|
119,279 |
|
354,173 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
827,138 |
69,992 |
|
18,182 |
|
915,312 |
|
898,125 |
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
| amounts falling due aftermore than one year |
|
|
|
|
|
|
|
|
|
| Mortgage (secured) |
10 |
2,008 |
|
- |
|
- |
2,008 |
|
8,618 |
| TOTAL NET ASSETS |
**£ ** |
825,130 |
£ 69,992 £ |
|
18,182 |
|
£ 913,304 £ |
|
889,507 |
| FUNDS |
|
|
|
|
|
|
|
|
|
| Unrestricted income funds: General funds |
|
825,130 |
|
- |
|
- |
825,130 |
|
478,710 |
| Designated funds |
13 |
|
69,992 |
|
|
“ |
69,992 |
|
382,157 |
|
|
|
|
|
|
|
895,122 |
|
860,867 |
| Restricted income funds: |
12 |
|
|
- |
18,182 |
|
18,182 |
|
28,640 |
| TOTAL FUNDS |
£ |
825,130 |
£ 69,992 £ |
|
18,182 |
|
£ 913,304 |
£ |
889,507 |
|
|
|
(Note |
13) |
(Note |
12) |
|
|
|
|
|
2022 |
|
2021 |
|
|
£ |
£ |
£ |
|
£ |
| Net cash flow from operating activities |
|
25,843 |
|
|
47,749 |
| Returns on investments & servicing of finance |
|
|
|
|
|
| Interest received |
48 |
|
444 |
|
|
| Repayment of mortgage |
(6,610) |
|
(6,434) |
|
|
|
|
(6,562) |
|
|
(5,990) |
| Taxation |
|
- |
|
|
- |
| Capital expenditure & financial investment |
|
|
|
|
|
| Acquisition of tangible fixed assets (319,400) |
|
|
- |
|
|
| Disposal of tangible fixed assets |
|
|
- |
|
|
| Acquisition of intangible fixed assets |
|
|
- |
|
|
|
|
(319,400) |
|
|
|
| Net cash flow |
|
(300,119) |
|
|
41,759 |
| Notes to the cashflow statement |
|
|
|
|
|
| **1. Reconciliation of netincoming resources to ** |
|
**net cash flow from ** |
**operating ** |
activities |
|
|
|
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
| Net incoming resources for the year |
|
|
23,797 |
|
41,703 |
| Interest received |
|
|
(48) |
|
(444) |
| Loss/(profit) on sale oftangible fixed assets |
|
|
- |
|
- |
| Decrease/(increase) in debtors |
|
|
3,883 |
|
(114) |
| (Decrease)/increase in creditors |
|
|
(1,789) |
|
6,604 |
| Depreciation and amortisation of goodwill |
|
|
- |
|
- |
| Net cash flow from operating activities |
|
|
25,843 |
|
47,749 |
| 2. Analysis of changes in net debt |
|
|
|
|
|
|
|
At 31 |
|
Other non- |
At 31 |
|
|
March |
|
cash |
March |
|
|
2021 |
Cashflow |
changes |
2022 |
|
|
£ |
£ |
£ |
£ |
| Cash at bank and in hand |
|
417,418 |
(300,119) |
- |
117,299 |
|
|
417,418 |
(300,119) |
- |
117,299 |
| Borrowings |
|
|
|
|
|
| Debt due within one year |
|
(5,982) |
6,610 |
(6,610) |
(5,982) |
| Debt due after one year |
|
(8,618) |
- |
6,610 |
(2,008) |
|
|
402,818 |
(293,509) |
- |
109,309 |
|
|
Unrestricted |
Unrestricted |
|
Restricted |
Total |
|
|
general |
designated |
|
|
2022 |
|
|
£ |
£ |
|
£ |
£ |
| Housing costs |
|
47,083 |
|
|
13,615 |
60,698 |
| Staff costs |
|
89,204 |
|
|
- |
89,204 |
| Other services |
|
2,728 |
|
|
- |
2,728 |
| Administration |
|
10,135 |
|
|
- |
10,135 |
| Direct project costs |
|
149,150 |
|
|
13,615 |
162,765 |
| Support costs (note 4) |
|
8,384 |
|
|
- |
8,384 |
| Total project costs |
£ |
157,534 E |
- |
I |
13,615 £ |
171,149 |
| For the year ended 31 March 2021 |
|
|
|
|
|
|
| Housing costs |
|
48,158 |
|
|
11,922 |
60,080 |
| Staff costs |
|
87,387 |
|
|
- |
87,387 |
| Other services |
|
1,207 |
|
|
- |
1,207 |
| Administration |
|
6,911 |
|
|
- |
6,911 |
| Direct project costs |
|
143,663 |
|
|
11,922 |
155,585 |
| Support costs |
|
16,956 |
|
|
- |
16,956 |
| Total project costs |
£ |
160,619 £ |
- |
£ |
11,922 £ |
172,541 |
| SUPPORT COSTS |
|
|
|
|
|
|
| These comprise: |
|
Unrestricted |
|
|
Restricted |
Total |
|
|
general |
designated |
|
|
2,022 |
|
|
£ |
£ |
|
£ |
£ |
| Office and administration |
|
2,268 |
|
|
- |
2,268 |
| Consultancy costs |
|
2,475 |
|
|
" |
2,475 |
| Annual accounts, AGM and Trustee |
|
|
|
|
|
|
| expenses |
|
319 |
|
|
- |
319 |
| Insurance |
|
660 |
|
|
- |
660 |
| Independent examiner's fee |
|
2,662 |
|
|
- |
2,662 |
|
£ |
8,384 E |
- |
: |
- £ |
8,384 |
| For theyear ended 31 March 2021 |
|
|
|
|
|
|
| These comprise: |
|
Unrestricted |
|
|
Restricted |
Total |
|
|
general |
designated |
|
|
2020 |
|
|
£ |
£ |
|
£ |
£ |
| Office and administration |
|
3,230 |
|
|
- |
3,230 |
| Consultancy costs |
|
10,575 |
|
|
|
10,575 |
| Annual accounts, AGM and Trustee expenses |
|
20 |
|
|
- |
20 |
| Insurance |
|
541 |
|
|
- |
541 |
| Independent examiner's fee |
|
2,590 |
|
|
- |
2,590 |
|
£ |
16,956 £ |
- |
£ |
- £ |
16,956 |
|
|
|
Direct Project |
Support |
|
Total |
|
|
|
|
Costs |
Costs |
|
2,022 |
|
|
|
|
£ |
£ |
|
£ |
|
|
Housing costs |
|
60,698 |
- |
|
60,698 |
|
|
Staff costs |
|
89,204 |
- |
|
89,204 |
|
|
Other services |
|
2,728 |
- |
|
2,728 |
|
|
Administration |
|
10,135 |
2,268 |
|
12,403 |
|
|
Trustee liability insurance |
|
- |
660 |
|
660 |
|
|
Annual accounts, AGM &Trustee exp |
|
- |
319 |
|
319 |
|
|
Consultancy costs |
|
- |
2,475 |
|
2,475 |
|
|
Independent examiner's fee |
|
- |
2,662 |
|
2,662 |
|
|
|
£ |
162,765 I |
8,384 |
£ |
171,149 |
|
|
Analysis by fund |
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
157,534 |
|
|
Restricted |
|
|
|
|
13,615 |
|
|
|
|
|
|
£ |
171,149 |
|
|
For the year ended 31 March 2021 |
|
|
|
|
|
|
|
|
|
Direct ProjectCosts |
Support |
|
Total |
|
|
|
Supported Hsg |
alcohol |
Costs |
|
2,021 |
|
|
|
£ |
£ |
£ |
|
£ |
|
|
Housing costs |
60,080 |
- |
- |
|
60,080 |
|
|
Staff costs |
87,387 |
- |
- |
|
87,387 |
|
|
Other services |
1,207 |
- |
- |
|
1,207 |
|
|
Administration |
6,911 |
- |
3,230 |
|
10,141 |
|
|
Trustee liability insurance |
- |
- |
541 |
|
541 |
|
|
Annual accounts, AGM & Trustee exp |
- |
- |
20 |
|
20 |
|
|
Consultancy costs |
|
|
10,575 |
|
10,575 |
|
|
Independent examiner's fee |
- |
- |
2,590 |
|
2,590 |
|
|
|
155,585 |
- |
16,956 |
|
172,541 |
|
|
Analysis by fund |
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
160,619 |
|
|
Restricted |
|
|
|
|
11,922 |
|
|
|
|
|
|
|
172,541 |
|
| 6 |
STAFF COSTS |
|
|
|
|
2022 |
2021 |
|
Staff remuneration costs comprise: |
|
|
|
|
£ |
£ |
|
Wages and salaries |
|
|
|
|
66,558 |
64,506 |
|
Social security costs |
|
|
|
|
2,092 |
2,116 |
|
Other pension costs |
|
|
|
|
20,554 |
20,765 |
|
|
|
|
|
£ |
89,204 £ |
87,387 |
|
The average weekly number ofemployees during |
|
|
|
|
|
|
|
the year was made up as follows:- |
Staff |
|
|
|
3 |
3 |
|
No employee earns in excess of £60,000 per year. |
|
|
|
|
|
|
|
No emoluments are payable to any directors, in their capacity as a director, and only |
|
|
|
directly incurred |
|
|
|
charitable expenses are reimbursed. No emoluments have been paid to key management personnel. |
|
|
|
|
|
|
|
Transfer from Phoenix |
Transfer from Phoenix |
|
|
|
Purchased |
Group Homes |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Errington Road |
0 |
16,304 |
16,304 |
16,304 |
| Straight Road (including office) |
0 |
138,416 |
138,416 |
138,416 |
| Oaklands |
319,400 |
0 |
319,400 |
0 |
| Shrub End Road |
0 |
218,320 |
218,320 |
218,320 |
|
319,400 |
373,040 £ |
692,440 £ |
373,040 |
|
Transfer from Phoenix |
Transfer from Phoenix |
|
|
|
|
|
Group Homes |
2022 |
2021 |
|
|
|
£ |
£ |
£ |
|
| Charles Court |
|
46,460 |
46,460 |
46,460 |
0) |
| Christine Chase |
|
57,133 |
57,133 |
57,133 |
(ii) |
|
£ |
103,593 £ |
103,593 £ |
103,593 |
|
|
Total |
|
£ |
| Cost |
|
| As at 1 April 2021 |
57,184 |
| As at 31 March 2022 |
57,184 |
| Depreciation |
|
| As at 1 April 2021 |
57,184 |
| As at 31 March 2022 |
57,184 |
| Net book values |
|
| As at 31 March 2022 |
£__0 |
| As at 31 March 2021 |
£____0 |
| All assets of significant value are used for direct charitable purposes. |
|
| At 31 March 2022 these comprise:- |
|
|
|
|
2022 |
|
2021 |
|
£ |
|
£ |
| Scottish Widows Fixed Term deposit |
|
0 |
67,319 |
|
£___ |
0_ £ |
67,319 |
|
|
|
2020 |
2021 |
|
|
|
£ |
£ |
| Repayable within one |
year |
|
5,982 |
5,982 |
| Repayable within two |
to five years |
|
2,008 |
8,618 |
|
|
£ |
7,990 £ |
14,600 |
| The pension contributions payable by Phoenix Group Homes |
The pension contributions payable by Phoenix Group Homes |
are a combination of paying for the cost of new |
are a combination of paying for the cost of new |
| benefits and paying towards any shortfall in respectofprevious service. The |
|
|
amounts are set every three years |
| by the Fund Actuary. |
|
|
|
| The amounts paid in 2019/20, 2021/21 |
and 2021/22 are set |
out below. |
|
| Employer's contributions |
2019/20 |
2020/21 |
2021/22 |
| Towards the cost of new benefits |
£5,775.06 |
£7,895.57 |
£8,005.85 |
|
22.5% of |
30.2% of |
30.2% of |
|
salaries |
salaries |
salaries |
| Towards the shortfall |
£7,041 |
£12,000 |
11,788 |
| Total |
£12,816 |
£19,896 |
£20,006 |
| RESTRICTED FUNDS |
|
|
|
|
|
|
|
|
As at |
Income |
Expended |
Depn of |
As at 31 |
|
|
1 April 2021 |
received |
|
assets |
March 2022 |
| Residents money |
(a) |
25,894 |
3,157 |
13,615 |
- |
15,436 |
| Nursery |
(b) |
931 |
- |
- |
- |
931 |
| Travel |
(c) |
417 |
- |
- |
- |
417 |
| Learning Zone |
(d) |
148 |
- |
- |
- |
148 |
| Service User fund |
(e) |
1,250 |
- |
- |
- |
1,250 |
|
|
28,640 |
3,157 |
13,615 |
- |
18,182 |
| For theyear ended 31 March 2021 |
|
As at |
Income |
Expended |
Depn of |
As at 31 |
|
|
1 April 2020 |
received |
|
assets |
March 2021 |
| Residents money |
(a) |
29,708 |
8,108 |
11,922 |
- |
25,894 |
| Nursery |
(b) |
931 |
- |
- |
- |
931 |
| Travel |
(c) |
417 |
- |
- |
- |
417 |
| Learning Zone |
(d) |
148 |
- |
- |
- |
148 |
| Service User fund |
(e) |
1,250 |
- |
- |
- |
1,250 |
|
|
32,454 |
8,108 |
11,922 |
|
28,640 |
| SIGNATED FUNDS |
|
|
|
|
|
|
|
|
|
Supported |
|
|
|
|
|
Legacies |
Total |
|
|
Housing |
|
|
Property |
|
and |
2022 |
|
|
PMR |
Buffer |
|
Fund |
|
Donations |
|
|
|
£ |
£ |
|
£ |
|
£ |
£ |
| As at 1 April 2021 |
|
10,585 |
36,000 |
|
320,000 |
|
15,572 |
382,157 |
| Received in the year |
|
- |
- |
|
- |
|
- |
- |
| Bank deposit interest |
|
- |
- |
|
- |
|
- |
- |
| Transferred in year |
|
4,000 |
3,835 |
|
(600) |
|
- |
7,235 |
|
|
14,585 |
39,835 |
|
319,400 |
|
15,572 |
389,392 |
| Expended in period |
|
- |
- |
|
(319,400) |
|
- |
(319,400) |
| Balance 31 March 2022 |
£ |
14,585 |
39,835 |
|
- |
|
15,572 |
69,992 |
|
|
(a) |
(b) |
|
(c) |
|
(d) |
|
|
|
Supported |
|
|
|
|
Legacies |
Total |
|
|
Housing |
|
|
Property |
|
and |
2020 |
|
|
PMR |
Buffers |
|
Fund |
|
Donations |
|
|
|
£ |
£ |
|
£ |
|
£ |
£ |
| As at 1 April 2020 |
|
6,585 |
36,000 |
|
197,445 |
|
14,348 |
254,378 |
| Received in the year |
|
- |
- |
|
- |
|
1,224 |
1,224 |
| Transferred inthe year |
|
4,000 |
- |
|
122,555 |
|
- |
126,555 |
|
|
10,585 |
36,000 |
|
320,000 |
|
15,572 |
382,157 |
| Expended in period |
|
- |
- |
|
- |
|
- |
- |
| Balance 31 March 2021 |
£ |
10,585
£ |
36,000 |
£ |
320,000 |
£ |
15,572 £ |
382,157 |
|
|
(a) |
(b) |
|
(c) |
|
(d) |
|
|
Unrestricted |
Unrestricted |
|
Restricted |
Total |
|
|
general |
designated |
|
2021 |
|
|
£ |
£ |
£ |
£ |
| Income and endowments from: |
|
|
|
|
|
| Income from Charitable Activities |
|
|
|
|
|
| Fees |
|
204,390 |
- |
8,104 |
212,494 |
| Investment income |
|
444 |
- |
4 |
448 |
| Other income |
|
78 |
1,224 |
- |
1,302 |
| Total income |
|
204,912 |
1,224 |
8,108 |
214,244 |
| Expenditure |
|
|
|
|
|
| Expenditure on Charitable activities: |
|
|
|
|
|
| Unstaffed group homes |
|
160,619 |
" |
11,922 |
172,541 |
| Total expenditure |
|
160,619 |
- |
11,922 |
172,541 |
| **Net income/(expenditure) before ** |
transf |
44,293 |
1,224 |
(3,814) |
41,703 |
| Transfer between funds |
|
(126,555) |
126,555 |
- |
- |
| Net movement in funds |
|
(82,262) |
127,779 |
(3,814) |
41,703 |
| Fund balances at 1 April 2020 |
|
560,972 |
254,378 |
32,454 |
847,804 |
| Fund balances at 31 March 2021 |
£ |
478,710 |
382,157 |
28,640 |
889,507 |