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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative
advisers||details ofthe Charitable|Company,|its Trustees and||
|Chair's statement|||||2-3|
|Trustees'
report|||||4-12|
|Independent
auditor's|report|on the financial statements|||13- 16|
|Statement offinancial|activities||||17|
|Balance sheet|||||18|
|Statement ofcash flows|||||19|
|Notes to the financial|statements||||20-36|
##
##
|Trustees|||G Branch, Chair|||
|---|---|---|---|---|---|
||||J Roberts (resigned|11 February 2022)||
||||VTaylor|||
||||L Found|||
||||A Grant|||
||||KJackson|||
||||R Smith|||
||||A Howell (appointed|8 September 2022)||
|Company|registered|||||
|number|||03470752|||
|Charity registered||||||
|number|||1125896|||
|Registered||office|51 Pinfold Street|||
||||Birmingham|||
||||England|||
||||B24AY|||
|Company|secretary||P Gayle|||
|Chief executive officer|||P Gayle|||
|Senior management|||G Brooke —Head of|Services||
|team|||K Monero —London|Regional Operations|Manager|
||||M James —Finance|and Business Manager||
|Independent||auditor|Dains Audit Limited|||
||||15Colmore Row|||
||||Birmingham|||
||||B32BH|||
|Bankers|||Barclays Bank Pic|||
||||351-359Soho Road|||
||||Birmingham|||
||||B219SE|||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
|||Note|F|E|E|
|Income from:||||||
|Charitable
activities||4|2,684,284|2,684,284|2,459,251|
|Investments||5|34,017|34,017|34,752|
|Total income|||2,718,301|2,718,301|2,494,003|
|Expenditure
on:||||||
|Charitable
activities|||2,614„451|2,614,451|2,344,848|
|Total expenditure|||2,614,451|2,614,451|2,344,848|
|Net movement
in funds|||103,850|103,850|149,155|
|Reconciliation
offunds:||||||
|Total funds
brought|forward||553,037|553,037|403,882|
|Net movement
in funds|||103„850|103,850|149,155|
|Total funds carried|forward||656,887|656,887|553,037|
##
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||||F|
|Fixed assets|||||||
|Tangible assets||10||109,543||125,384|
|Investment
property||11||182,910||182,910|
|||||292,453||308,294|
|Current assets|||||||
|Debtors||12|261,922||387,613||
|Cash at bank and|in hand||447,251||245,578||
||||709,173||633,191||
|Creditors: amounts|falling due within one||||||
|yeai||13|(306,585)||(339,281)||
|Net current assets||||402,588||293,910|
|Total assets less|current liabilities|||695,041||602,204|
|Creditors: amounts|falling due after more||||||
|than one year||14||(38,154)||(49,167)|
|Total net assets||||656,887||553,037|
|Charity funds|||||||
|Unrestricted
funds||15||656,887||553,037|
|Total funds||||656,887||553,037|
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Note||E|
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities||18|173,729|72,805|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||34,017|34,752|
|Proceeds from the sale oftangible
fixed assets|||||1,936|
|Purchase
offixed assets||||(4,227)|(45,942)|
|Net cash provided
by/(used
in) investing||activities||29,790|(9,254)|
|Cash flows from financing|activities|||||
|Cash inflows from new borrowing|||||50,000|
|Repayments
of borrowing||||(1,846)||
|Repayments
offinance leases|||||(2,135)|
|Net cash (used in)/provided|by financing|activities||(1„846)|47,865|
|Change
in cash and cash|equivalents
in|the year||201,673|111,416|
|Cash and cash equivalents|at the beginning|ofthe year||245„578|134,162|
|Cash and cash equivalents|at the end of|the year|19|447,251|245,578|
|The notes on pages 20 to 36form part ofthese financial statements||||||
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||E||
|Community|8 Residential|Care —Local authority|1,948,900|1,948,900|
|Community|8 Residential|Care —CCG|423,733|423,733|
|Government|grants receivable||86,618|86,618|
|Total 2021|||2,459,251|2,459,251|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||E|E|
|Rent receivable||23,169|23,169|
|Management|fee|10,608|10,608|
|Deposit account interest||240|240|
|Total 2022||34,017|34,017|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|||E||
|Rent receivable||24,115|24,115|
|Management|fee|10,608|10,608|
|Deposit account interest||29|29|
|Total 2021||34,752|34,752|
##
##
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022|2022|2022|
|||||E|E|E.|
|Community|8|Residential|Care|2,443,965|170,486|2,614,451|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021|2021|2021|
|||||E|E|E|
|Community|8|Residential|Care|2,277,779|67,069|2,344,848|
##
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
|Staff costs|||||1,656,391|1,549,719|
|Depreciation|||||20,068|28,913|
|Agency staff|and training||||139,113|54,899|
|Office and computing|||costs||13,981|3,465|
|Property costs|||||485,615|510,959|
|Office costs|||||53,101|15,086|
|Telephone|||||21,830|43,439|
|Postage and|stationery||||17„666|30,493|
|Sundries|||||7,162|2,866|
|Wages, salaries||and pension||costs|2,172|514|
|Food, cleaning||and laundry|||26,866|37,426|
||||||2,443,965|2,277,779|
|Analysis ofsupport costs|||||||
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
||||||E||
|Office costs|||||12,426|7,062|
|Advertising|||||1,042||
|Bad debts|||||38,771||
|Recruitment|expenses||||15,288|2,904|
|Room hire|||||11,019|1,468|
|Insurance|||||32,629|13,769|
|Bank charges|||||827|613|
|Legal and professional|||fees||39,918|19,355|
|Governance|costs||||18,566|23,085|
|Surplus
on disposal of|||tangible|fixed assets||(1,187)|
||||||170,486|67,069|
##
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||2022|2021|
|---|---|---|
|||E|
|Wages and salaries|1,495,032|1,403,628|
|Social security costs|132,50&|118,163|
|Pension costs|28„851|27,928|
||1,656,391|1,549,719|
||2022|2021|
|---|---|---|
||No.|No.|
|Administration|7|7|
|Care and support|68|61|
||75|68|
##
|||||2022|2021|
|---|---|---|---|---|---|
||||||E|
|G|Branch|Board|remuneration|3,500|4,525|
|||Salary|as Interim
CEO|4,810||
|V|Taylor|Board|remuneration|2,500|2,500|
##
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|Net income/(expenditure)|Net income/(expenditure)|Net income/(expenditure)||||
|---|---|---|---|---|---|
|This is stated after charging:||||||
|||||2022|2021|
|||||F||
|Depreciation
oftangible||fixed|assets|20,068|28,913|
|Surplus|on disposal of|tangible|fixed assets||1,187|
|Auditor's|remuneration|- audit||8,200|7,750|
##
||Long-term||||
|---|---|---|---|---|
||leasehold|Fixtures and|Office||
||property|fittings|equipment|Total|
||E||||
|Cost|||||
|At 1 April 2021|196,783|27,492|74,758|299,033|
|Additions||400|3,827|4,227|
|At 31 March 2022|196,783|27,892|78,585|303,260|
|Depreciation|||||
|At 1 April 2021|106,163|11,105|56,381|'173,649|
|Charge for the year|6,199|1,870|11,999|20,068|
|At 31 March 2022|112,362|12,975|68,380|193,717|
|Net book value|||||
|At 31 March 2022|84,421|14,917|10,205|109,543|
|At 31 March 2021|90,620|16,387|18,377|125,384|
##
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##
|||2022|2021|
|---|---|---|---|
|Trade debtors||240,158|367,648|
|Other debtors|||360|
|Prepayments|and accrued income|21,764|19,605|
|||261,922|387,613|
##
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||||E|
|Bank loans||||||10,000|833|
|Trade creditors||||||69,542|113,309|
|Other taxation||and|social security|||4,291|35,376|
|Other creditors||||||43,565|22,446|
|Accruals|and deferred|||income||179,187|167,317|
|||||||306,585|339,281|
|||||||2022|2021|
|Deferred|income|||||||
|Deferred|income at 1 April 2021|||||106,326|9,310|
|Resources deferred|||during the year|||86,274|106,326|
|Amounts|released||from previous||periods|(106,326)|(9,310)|
|||||||86,274|106,326|
##
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||||2022|2021|
|---|---|---|---|---|
|||||E|
|Bank loans|||38,154|49,167|
|Included|within the above are amounts|falling due as follows:|||
||||2022|2021|
||||E|E|
|Between|one and two years||||
|Bank loans|||10,000|10,000|
|Between|two and five years||||
|Bank loans|||28,154|30,000|
|Over five|years||||
|Bank loans||||9,167|
##
##
##
||||Balance at 1|||Transfers|Balance at
31 March|
|---|---|---|---|---|---|---|---|
||||April 2021
E|Income|Expenditure|in/(out)
E|2022
E|
|Unrestricted|funds|||||||
|Designated|funds|||||||
|Fixed assets|||308,294||(20,068)|4,227|292,453|
|General funds||||||||
|General fund|||244,743|2,718,301|(2,594,383)|(4,227)|364,434|
|Total Unrestricted||funds|553,037|2,718,301|(2,614,451)||656,887|
##
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||||||Balance at|||Transfers|Balance at
31 March|
|---|---|---|---|---|---|---|---|---|---|
|||||1|April 2020|Income|Expenditure|in/out|2021|
||||||E|E||E||
||Unrestricted|funds||||||||
||Designated|funds||||||||
||Fixed assets|||||||308,294|308,294|
||General funds|||||||||
||General fund||||401,683|2,494,003|(2,344,848)|(306,095)|244,743|
||Total Unrestricted||funds||401,683|2,494,003|(2,344,848)|2,199|553,037|
||Restricted funds|||||||||
||Capital fund||||2,199|||(2,199)||
||Total offunds||||403,882|2,494,003|(2,344,848)||553,037|
|16.|Summary
of|funds||||||||
||Summary
of|funds|- current|year||||||
|||Balance at 1|||Transfers|Balance at
31 March|
|---|---|---|---|---|---|---|
|||April 2021|Income|Expenditure|in/(out)|2022|
|||E|E|E|E||
|Designated|funds|308,294||(20,068)|4,227|292,453|
|General funds||244,743|2,718,301|(2,594,383)|(4,227)|364,434|
|||553,037|2,718,301|(2,6'l4, 451)||656,887|
##
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|||Balance at|||Transfers|Balance at
31 March|
|---|---|---|---|---|---|---|
|||1 April 2020|Income|Expenditure|in/out|2021|
|||F||F|E|F|
|Designated|funds||||308,294|308,294|
|General funds||401,683|2,494,003|(2,344,848)|(306,095)|244,743|
|Restricted|funds|2,199|||(2,199)||
|||403,882|2,494,003|(2,344,848)||553,037|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||E|F|
|Tangible fixed assets||109,543|109,543|
|Investment|property|182,910|182,910|
|Current assets||709,173|709,173|
|Creditors|due within one year|(306,585)|(306,585)|
|Creditors|due in more than one year|(38,154)|(3&,154)|
|Total||656,887|656,887|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021f|
|Tangible fixed assets||125,384|125,384|
|Investment|property|182,910|182,910|
|Current assets||633,191|633,191|
|Creditors|due within one year|(339,281)|(339,281)|
|Creditors|due in more than one year|(49,167)|(49,167)|
|Total||553,037|553,037|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||Net income for the year (as per Statement||offinancial activities)|103,850|149,155|
||Adjustments
for:|||||
||Depreciation
charges
Surplus
on the sale offixed assets
Interests
and rents from investments
Decrease/(increase)
in debtors
(Decrease)/increase
in creditors|||20,068
(34,017)
125,691
(41,863)|28,913
(1,187)
(34,752)
(140,827)
71,503|
||Net cash provided
by operating|activities||173,729|72,805|
|19.|Analysis ofcash and cash equivalents|||||
|||||2022|2021|
||Cash
in hand|||447,251|245,578|
||Total cash and cash equivalents|||447„251|245,578|
|20.|Analysis ofchanges
in net debt|||||
||||||Other non-||
|---|---|---|---|---|---|---|
||||At 1 April||cash|At 31 March|
||||2021|Cash flows|changes|2022|
|||||E|||
|Cash|at bank and in hand||245,578|201,673||447,251|
|Debt
Debt|due within
due after 1|1 year
year|(833)
(49,167)|1,846|(11,013)
11,013|(10,000)
(38,154)|
||||195,578|203,519||399,097|
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