|||||||||Page||
|---|---|---|---|---|---|---|---|---|---|
|Statement||from the|Chair of Trustees||||I|to|2|
|Report|of the Trustees||||||3|
to|8|
|Report|of the Independent||||Auditors||9|
to|12|
|Statement||of Financial|||Activities|||13||
|Balance||Sheet||||||14||
|Cash Flow Statement||||||||15||
|Notes|to|the Financial||Statements|||16|
to|28|
|Detailed||Statement
|of|Financial
||Activities|29|
to|30|
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|Auditors||
|---|---|
|Sowerby||
|Chartered Accountants
|and Statutory Auditors|
|Beckside Court||
|Annie Reed Road||
|Beverley||
|East Yorkshire||
|HU17 0LF||
|Solicitors||
|Wrigleys Solicitors LLP||
|19 Cookridge Street||
|Leeds||
|LS2 3AG||
|Bankers||
|Royal Bank of Scotland||
|27 Park Row||
|Leeds||
|LSI 5QB||
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##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Endowment|Total|Total|
|||||funds|fund|fund|funds|funds|
||||Notes|E|||Ea||
|INCOME AND ENDOWMENTS|||||||||
|FROM|||||||||
|Donations
and legacies|||3|4,000|||4,000|i3,496|
|Charitable
activities|||||||||
|Charitable
activities||||I ,020,772|||I ,020,772|988,286|
|Core Rehabillitation||||8,930|||8,930||
|Compass
St John's|Project|||1 ,474,161|||1474,161|1 ,09"l ,273|
|Investment
income|||4|46|||46|130|
|Total||||2 ,507,909|||2,507,909|2 ,093,185|
|EXPENDITURE
ON|||||||||
|Charitable
activities|||6||||||
|Charitable
activities||||||||(3"l ,946)|
|Core Rehabillitation||||747,829|24,827||772,656|920,668|
|Compass
St John's|Project|||1 ,474,910|||1 ,474,910|1,047,173|
|Governance||||81 ,658|||81 ,658|6,642|
|Total||||2 ,304,397|24,827||2 ,329,224|I ,942,537|
|NET INCOME/(EXPENDITURE)||||203,512|(24,827)||178,685|150,648|
|Transfers
between
|funds||17|(105,694)|105,694||||
|Other recognised|||||||||
|gains/(losses)|||||||||
|Actuarial
gains/(losses)
||on|||||||
|defined benefit schemes||||468,000|||468,000|(85,000)|
|Net movement
in funds||||565,8al8|80,867||646,685|65,648|
|RECONCILIATION
|OF|FUNDS|||||||
|Totalfundsbroughtfomard||||652,736|146,424|458,450|1,257,610|1,191962|
|TOT AL FUNDS CARRIED|||||||||
|FORWARD||||1218,554|227,291|458,450|1,904,295|1,257,610|
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Endowment|Total|Total|
||||funds|fund|fund|funds|funds|
|||Notes|E|E||||
|FIXED ASSETS||||||||
|Tangible assets||13|I ,221 ,395||458,450|1 ,679,845|I ,700,890|
|CURRENT
ASSETS||||||||
|Debtors||14|95,766|||95,766|85,789|
|Cash at bank|||346,380|227,291||573,671|399140|
||||442,146|227,291||669,437|484,929|
|CREDITORS||||||||
|Amounts
falling due within one||||||||
|year||15|(39,987)|||(39,987)|(34,209)|
|NET CURRENT
|ASSETS||402,159|227,291||629,450|450,720|
|TOT AL ASSETS
|LESS|||||||
|CURRENT
LIABILITIES|||1 ,623,554|227,291|458,450|2,309,295|2,151,610|
|PENSION LIABILITY||18|(405,000)|||(405,000)|(894,000)|
|NET ASSETS|||I ,218,554|227,291|458,450|I ,904,295|1,257,610|
|FUNDS||17||||||
|Unrestricted
funds:||||||||
|General fund||||||1 ,623,554|1 ,546,736|
|Pension reserve||||||(405,000)|(894,000)|
|Designated
fund||||||2 27,291|146,424|
|||||||"I ,445,845|799,160|
|Endowment
funds:||||||||
|Endowment
fund||||||458,450|458,450|
|TOT AL FUNDS||||||I ,904,295|1,257,610|
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows
from|operating|activities|||||
|Cash generated
|from operations|||20|174,042|110,554|
|Net cash provided|by operating
||activities||174,042|110,554|
|Cash flows
from|investing|activities|||||
|Purchase
of tangible
fixed||assets|||(3,557)|(4,300)|
|Sale of tangible
|fixed assets||||4,000||
|Interest
received|||||46|130|
|Net cash provided|by/(used|in) investing
||activities|489|(4,170)|
|Change
in cash|and cash|equivalents
||in|||
|the reporting
period|||||174,531|106,384|
|Cash and cash|equivalents|at|the||||
|beginning
of the reporting||period|||399,140|292,756|
|Cash and cash|equivalents|at|the end|of|||
|the reporting
period|||||573,671|399,"140|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS|AND LEGACIES|||
|---|---|---|---|
|||2022|2021|
|Employment|allowance|4,000|4,000|
|Covid 19 support|||9,496|
|||4,000|13,496|
##
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Interest|received||||||||130|
|INCOME|FROM CHARIT||ABLE||ACTMTIES|||||
|||||||||2022|2021|
||||||Activity|||||
|Ministry|of Justice Contract||||Charitable|activities||I 020 772|988.286|
|Income|from residents|board|||Core Rehabillitation|||8 930||
|Income|from housing|benefit||-||||||
|Compass|St John's||||Compass
|St John's Project||I ,437,931|I ,062,53"l|
|SU Fees|||||Compass
|St John's Project||36,230|20,926|
|Income|from residents|board|||Compass
|St John's Project|||7,816|
|||||||||2,503,863|2,079,559|
|CHARIT|ABLE ACTMTIES|||COSTS||||||
||||||||Direct|Support||
||||||||Costs (see|costs (see||
||||||||note 7)|note 8)|Totals|
|Core Rehabillitation|||||||772,656||772 656|
|Compass|St John's Project||||||1,474,910||1.474.910|
|Governance||||||||8"l ,658|81 658|
||||||||2,247,566|81 ,658|2,329,224|
##
||||Compass
St||
|---|---|---|---|---|
|||Core|John's||
|||Rehabilitation|Housing|2022|
|Staff costs||572.625|404,203|976 828|
|Rates||3.751|8,838|12 589|
|Insurance||16.336||16 336|
|Heating and Lighting||23.469|3,132|26 601|
|Rents to Landlords|||864,977|864 977|
|Sundry Expenses||783||783|
|Professional|fees|6,"118|6,211|12 329|
|Provisions||21 ,966||21 966|
|Loans and|grants|334|25|359|
|Travelling
|expenses|9,014|33,182|42.196|
|Repairs and refurbishment||56,643|113,423|170 066|
|Office expenses||22,131|28,949|51 080|
|Cleaning||"12,112|5,013|17.125|
|Other SU|costs||239|239|
|Other staff|costs|Il ,899|1 ,591|13 490|
|Depreciation||15,475|3,177|18 652|
|Loss on sale of ASSETS|||I ,950|I 950|
|||772,656|1,474,910|2,247,566|
||||Compass|St||
|---|---|---|---|---|---|
|||Core|John's|||
|||Rehabilitation|Housing||2021|
||||Ea|||
|Staff costs||645.453|264,326||909 779|
|Rates||4.701||5,860|10 561|
|Insurance||14.051|||1405"l|
|Heating and Lighting||23.0al I||2,169|25 180|
|Rents to Landlords|||609,755||609 755|
|Sundry Expenses||3,151||69|3,220|
|Professional|fees|I ,940|||I 940|
|Provisions||18,336|||18 336|
|Loans and|grants|274||9|283|
|Travelling
|expenses|5 ,395|16,058||21 453|
|Repairs and refurbishment||6 0,954|91,715||152 669|
|Office expenses||18,161|14,456||32 617|
|Cleaning||13,339||3,786|17125|
|Other SU|costs|I ,884||764|2 648|
|Other staff|costs|607||888|1495|
|Depreciation||18,728||5,372|24100|
|Loss on sale of assets||1 ,881|||1 88"l|
|||920,668|I ,015,227||1,935,895|
##
|||||Governance||
|---|---|---|---|---|---|
||||Management|costs|Totals|
|Governance|||71 428|10.230|81 658|
|Support|costs, included|in the above, are as follows:||||
|||||2022|2021|
||||||Total|
|||||Governance|activities|
|Wages||||71 428|88.802|
|Auditors'|remuneration|||7 000|5.640|
|Auditors'|remuneration
|for non audit work||3.230|I .002|
|||||81 ,658|95,444|
##
|||2022|2021|
|---|---|---|---|
|Auditors'
remuneration||7 000|5 640|
|Accountancy|fees|3.230|I 002|
|Depreciation|- owned assets|18 652|24.101|
|Deficit on|disposal of fixed assets|I 950|I 88"l|
##
##
##
|Wages and salaries||829,017|773,661|
|---|---|---|---|
|Redundancy
costs||34,391|23,191|
|Social security costs||72,805|68,654|
|Defined contribution
|pension contributions|33,9"l0|30,480|
|Staff costs before defined benefit pension items||970,"123|895,986|
|Defined benefit pension contributions||78,133|"127,000|
|||1,048,256|,022,986|
##
##
|2022|2021|
|---|---|
|41|39|
|COMPARATIVES
|FOR|THE STATEMENT|THE STATEMENT|THE STATEMENT|OF FINANCIAL
ACTMTIES|OF FINANCIAL
ACTMTIES|||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Designated|Endowment|Total|
||||||funds|fund|fund|funds|
||||||[|E||Ea|
|INCOME
AND ENDOWMENTS
||||FROM|||||
|Donationsand
legacies|||||13,496|||13,496|
|Charitable
activities|||||||||
|Charitable
activities|||||988,286|||988,286|
|Compass
St John's|Project||||1 ,091 ,273|||I ,091 ,273|
|Investment
income|||||130|||130|
|Total|||||2 ,093,"185|||2,093,185|
|EXPENDITURE
ON|||||||||
|Charitable
activities|||||||||
|Charitable
activities|||||(31 ,946)|||(31 ,946)|
|Core Rehabillitation|||||920,668|||920,668|
|Compass
St John's|Project||||I ,015,227|31 ,946||1,047,173|
|Governance|||||6,642|||6,642|
|Total|||||I ,910,591|31 ,946||I ,942,537|
|NET INCOME/(EXPENDITURE)|||||182,594|(31 ,946)||150,648|
|Transfers
between|funds||||(104,960)|104,960|||
|Other recognised
|gains/(losses)||||||||
|Actuarial
gains/(losses)
||on|defined benefit||||||
|schemes|||||(85,000)|||(85,000)|
|Net movement
in|funds||||(7,366)|73,O"l4||65,648|
|RECONCILIATION
|OF|FUNDS|||||||
|Total funds brought|fonuard||||660,102|73,410|458,450|1,191,962|
|TOT AL FUNDS CARRIED
|||FORWARD||652,736|146,424|458,450|1,257,6'l0|
##
##
|TANGIBLE
FIXED ASSETS||||||
|---|---|---|---|---|---|
|||Fixtures||||
||Freehold|and|Motor|Computer||
||property|fittings|vehicles|equipment|Totals|
|COST||||||
|At I April 2021|I ,600,000|128,983|17,650|5,141|1,751,774|
|Additions||||3,557|3,557|
|Disposals|||(8,500)||(8,500)|
|At 3al March 2022|I ,600,000|128,983|9,150|8,698|1,746,831|
|DEPRECIATION||||||
|At I April 202"l||39,45"l|8,113|3,320|50,884|
|Charge for year||15,475|I ,076|2,101|18,652|
|Eliminated
on disposal|||(2,550)||(2,550)|
|At 31 March 2022||54,926|6,639|5,421|66,986|
|NET BOOK VALUE||||||
|At 31 March 2022|1 ,600,000|74,057|2,511|3,277|I ,679,845|
|At 3al March 2021|I ,600,000|89,532|9,537|I ,821|I ,700,890|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Accrued|Income||||71 859|59 709|
|Prepayments|||||23 907|26 080|
||||||95,766|85,789|
|CREDITORS:
||AMOUNTS|FALLING|DUE WITHIN ONE YEAR|||
||||||2022|2021|
|Other creditors|||||||
|Accrued|expenses||||39,946|34,209|
||||||39,987|34,209|
##
|||2022|2021|
|---|---|---|---|
|Within|one year|367 702|97 737|
|Between|one and five years|67 437|30 047|
|||435,139|127,784|
##
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1/4/21|in funds|funds|3"l/3/22|
|||E|[|E.|E|
|Unrestricted|funds|||||
|General fund||1,546,736|"182,5"l2|(105,694)|1,623,554|
|Pensionreserve||(894,000)|489,000||(405,000)|
|Designated
|fund|
146,424|(24,827)|105,694|227,291|
|||799,"160|646,685|-|1445,845|
|Endowment|funds|||||
|Endowmentfund||458,450|||458,450|
|TOT AL FUNDS||1,257,610|646,685||I ,904,295|
|Net movement
||in funds, included in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||||E|
|Unrestricted|funds|||||
|General fund||2,507,909|(2,325,397)||182,512|
|Pension reserve|||21 ,000|468,000|489,000|
|Designated
|fund||(24,827)||(24,827)|
|||2,507,909|(2,329,224)|468,000|646,685|
|TOT AL FUNDS||2,507,909|(2,329,224)|468,000|646,685|
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At I /4/20|in funds|funds|31/3/21|
||||||Ea|
|Unrestricted|funds|||||
|General fund||1504,102|147,594|("i04,960)|I ,546,736|
|Pension reserve||(844,000)|(50,000)||(894,000)|
|Designated|fund|73,410|(31 ,946)|104,960|146,424|
|||733,512|65,648||799,160|
|Endowment|funds|||||
|Endowment|fund|458,450|||458,450|
|TOT AL FUNDS||1,191,962|65,648||I ,257,610|
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|n funds|
|||E|E|||
|Unrestricted
|funds|||||
|Generalfund||2,093,185|(1,945,591)||147,594|
|Pensionreserve|||35,000|(85,000)|(50,000)|
|Designatedfund|||(31,946)||(31 ,946)|
|||2,093,185|(1,942,537)|(85,000)|65,648|
|TOTALFUNDS||2,093,185|(1,942,537)|(85,000)|65,648|
##
|||Defined|benefit|
|---|---|---|---|
|||pension|plans|
|||2022|202al|
|||E|E|
|Present value of funded|obligations|(3,458,000)|(3,626,000)|
|Fair value of plan assets||3,053,000|2,732,000|
|||(405,000)|(894,000)|
|Present value of unfunded|obligations|||
|Deficit||(405,000)|(894,000)|
|Net liability||(405,000)|(894,000)|
||Defined|benefit|
|---|---|---|
||pension|plans|
||2022|202"l|
||E|E|
|Current service cost|59,000|75,000|
|Net interest from net defined benefit|||
|asseUliability|17,000|17,000|
|Past service cost|||
||76,000|92,000|
|Actual return on plan assets|||
##
||||||Defined|benefit|
|---|---|---|---|---|---|---|
||||||pension|plans|
||||||2022|202"1|
||||||E|E|
|Opening|defined benefit||obligation||3,626,000|3,110,000|
|Current|service|cost|||59,000|75,000|
|Contributions
||by scheme|participants||8,000|12,000|
|Interest|cost||||75,000|69,000|
|Benefits|paid||||(77,000)|(192,000)|
|Actuarial|(gains)/losses
||from changes|in|||
|financial|assumptions||||(233,000)|552,000|
||||||3,458,000|3,626,000|
||||Defined|benefit|
|---|---|---|---|---|
||||pension|plans|
||||2022|2021|
||||E|E|
|Opening|fair value of scheme assets||2,732,000|2,266,000|
|Contributions
||by employer|97,000|127,000|
|Contributions
||by scheme participants|8,000|12,000|
|Benefits|paid||(77,000)|(192,000)|
|Interest|income|on assets|58,000|52,000|
|Assets|other remeasurement||235,000|467,000|
||||3,053,000|2,732,000|
||||Defined|benefit|
|---|---|---|---|---|
||||pension|plans|
||||2022|2021|
||||E|E|
|Actuarial|(gains)/losses|from changes in|||
|financial|assumptions||233,000|(552,000)|
|Assets|other remeasurement||235,000|467,000|
||||468,000|(85,000)|
|||Defined|benefit|
|---|---|---|---|
|||pension|plans|
|||2022|2021|
|Equities||79.80%|79.70%|
|Government|Bonds|7.40%|8.30%|
|Corporate
|Bonds|4.80%|4.60%|
|Property||4.00%|3.80%|
|Cash Liquidity||2.90%|2.00%|
|Other||1.1 0%|1.60%|
|||100.OO%|IOO.OO%|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Discount|rate||||2.70%|2. 10%|
|Future|salary increases||||4.25%|3. 95%|
|Future|pension increases||||3.00%|2.70%|
|Pension|accounts
revaluation||rate||3.00%|2.70%|
|CPI inflation|||||3.00%|2.70%|
|Mortality|assumptions
|based|on life expectancy|on reaching 65:|||
||2022|2021|
|---|---|---|
|Males:|||
|Aged 65 at 31 March|21.8 years|21.9 years|
|Aged 45 at 31 March|22.6 years|22.6years|
|Females:|||
|Aged 65 at 31 March|24. 6 years|24.7 years|
|Aged 45 at 31 March|25. 7 years|25.8 years|
##
|RECONCILIATION
|OF NET|INCOME|INCOME|TO NET CASH FLOW|FROM OPERATING|ACTMTIES||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Net income
for the|reporting||period|(as per the Statement|of Financial|||
|Activities)||||||178,685|150,648|
|Adjustments
for:||||||||
|Depreciation
charges||||||18,652|24,101|
|Loss on disposal of|fixed ASSETS|||||1 ,950|1,881|
|Interest received||||||(46)|(130)|
|Defined benefit pension adjustments||||||76,000|92,000|
|Increase in debtors||||||(9,977)|(18,184)|
|Increase/(decreasel
|in creditors|||||5,778|(12,762)|
|Difference
between|pension|charge||and cash contributions||(97,000)|(127,000)|
|Net cash provided
|by operations|||||174,042|110,554|
|ANALYSIS
OF CHANGES
||IN|NET FUNDS|||||
||||||At i/4/21|Cash flow|At3i/3/22|
|Net cash||||||||
|Cash at bank|||||399,140|174,531|573,671|
||||||399,"140|174,531|573,67al|
|Total|||||399;140|174,531|573,671|
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||Ea||
|INCOME
AND ENDOWMENTS||||||
|Donations
and legacies||||||
|Employment
allowance||||4,000|4,000|
|Covid 19 support|||||9,496|
|||||4,000|13,496|
|Investment
income||||||
|Interest received||||46|130|
|Charitable
activities||||||
|Ministry of Justice|Contract|||I ,020,772|988,286|
|Income from housing benefit - Compass|||St|||
|John's||||I ,437,93"l|I ,062,531|
|SU Fees||||36,230|20,926|
|Income from residents
||board||8,930|7,816|
|||||2,503,863|2,079,559|
|Total incoming
|resources|||2,507,909|2,093,185|
|EXPENDITURE||||||
|Charitable
activities||||||
|Wages||||864,785|817,779|
|Pensions||||112,043|92,000|
|Rates||||12,589|10,561|
|Insurance||||16,336|14,051|
|Heating and lighting||||26,601|25,180|
|Rents to landlords||||864,977|609,755|
|Sundry expenses||||783|3,220|
|Professional
fees||||12,329|i ,940|
|Provisions||||21 ,966|18,336|
|Loans and grants||||359|283|
|Travelling
expenses||||42,196|21 ,453|
|Repairs and refurbishment||||170,066|152,669|
|Office expenses||||5"l ,080|32,617|
|Cleaning||||17,125|17,"125|
|Other SU costs||||239|2,648|
|Other staff costs||||13,490|1 ,495|
|Depreciation||||18,652|24,100|
|Loss on sale of tangible||fixed assets||1 ,950|1 ,881|
|||||2,247,566|I ,847,093|
|Support
costs||||||
|Management||||||
|Wages||||71 ,428|88,802|
|Governance
costs||||||
|Auditors'
remuneration||||7,000|5,640|
|Auditors' remuneration||for non audit|work|3,230|I ,002|
|||||I O,230|6,642|
||||2022||2021|
|---|---|---|---|---|---|
|Total|resources|expended|2,329,224|1|,942,537|
|Net|income||178,685||150,648|