2023-03-31-accounts - Regenerage

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Contents
LEGAL AND ADMINISTRATIVE INFORMATION ..
CHAIR'S STATEMENT
CONTENTS.
STATEMENT OF TRUSTEES' RESPONSIBILITIES.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023.....
A WELL LED CHARITY.
OBJEGTlvEs, PRINGIPAL AGTlvlTY AND PUBUC BENEFD	.	.7
GOVERNING DOCUMENT ..		.7
ORGANISATIONAL GOVERNANCE AND STRUCTURE.		.7
STRATEGIC AIMS AND PLANS .		.8
CHARITY VAI UES .		.8
KEY PERFORMANCE INDICATORS ..		.8
RISK MANAGEIIIIENT .		.10
RISKAPPETITE		.10
AUDITORS..		.10
ACTIVITIES, ACHIEVEMENTS AND FUTURE PLANS. .
EMPOWERING OLDER PEOPLE TO LIVE WELL AND AGE WELL....
FINANCIAL HEALTH AND BUSINESS RESILIENCE		.30
SAFE AND RESPONSIBLE.		.33
ENVIRONMENTAL RESPONSIBILITY.		.36
APPROPRIATE OPERATIONAL SITESAND BUILDINGS..		.37
OUR PEOPLE.		.38
CUSTOMER RELATIONS.
INDEPENDENT AUDITOR'8 REPORT		..42

~	Adaptable	~	Honourable
~	Compassionate	~	Outrageous
~	Enterprising	~	Progressive
~	Exploring

YEAR	FZE PAYfyIENT	SOURCE
	Pub//c	Pnvate
2022/23	47'/o'	53'/0
2021/22	46'/0	54'/0
2020/21	39'/0	61'/o
2019/20	42'/o	580/0
2018/19	70'/0	31'/o
2017/18	84'/0	16'/o

Reverlue per Employee		E p'er Efhployee/Annum	Eper Employee/Month
With Home Help		29,209	2,434
After Home Help closure		34,208	2,850
Budget 2022/23 post day care	& Core savings	63,196	5,266
Actual 2022/2023		44,865	3,739
Budget 2023/24		45,662	3,805

	Veer. .	Year	Year
Investment	2022/23	2021/22	2020/21
StJames's Place	f262,698	F264,157	8247,176

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	6	E	f	f	f	6
Income and endowments		from:
Donations and legacies		3	69,158	73,871	143,029	154,679	62,469	217,148
Charitable activities		4	891,142		891,142	1,235,955		1,235,955
Other trading activities		5	1,210,149		1,210,149	1,017,288		1,017,288
Investments		6	385		385	17		17
Other income		7				10,000		10,000
Total income			2,170,834	73,871	2,244,705	2,417,939	62,469	2,480,408
Expenditure on:
Raising funds		8	1,214,563		1,214,563	1,178,635		1,178,635
Charitable activities		9	886,990	44,600	931,590	1,364,897	13,954	1,378,851
Other expenditure		13	13,502		13,502
Total expenditure			2,115,055	44,600	2,159,655	2,543,532	13,954	2,557,486
Net gains/(losses)	on
investments		14	(1,459)		(1,459)	16,980		16,980
Net Income/(expenditure)			54,320	29,271	83,591	(108,613)	48,515	(60,098)
Transfers between
funds						269,856	(269,856)
Net movement in
funds			54,320	29,271	83,591	161,243	(221,341)	(60,098)
Reconciliation of	funds:
Fund balances at 1 April		2022	1,282,677	282,268	1,M4,945	1,121,434	503,609	1,625,043
Fund balances at	31 March
2023			1,336,997	311,539	1,648,536	1,282,677	282,268	1,564,945

				2023		2022
			Notes	E		E
Fixed assets
Tangible assets			16		787,989		841,557
Investments			17		262,698		264,157
					1,050,687		1,105,714
Current assets
Stocks			18	7,078		3,825
Debtors			19	131,257		129,548
Cash at bank and in	hand			628,960		481,128
				767,295		614,501
Creditors: amounts	falling	due within	21
one year				138,504		93,991
Net current assets					628,791		520,510
Total assets less current liabilities					1,679,478		1,626,224
Creditors: amounts	falling	due after
more than one year			22		(30,942)		(61,279)
Net assets					1,648,536		1,564,945
The funds ofthe charity
Restricted income funds			23		311,539		282,268
Unrestricted funds					1,336,997		1,282,677
					1,648,536		1,564,945

				2023		2022
			Notes	E	E	E
Cash flows from operating	activities
Cash generated from/(absorbed by)			28
operations					220,783		(13,700)
Investing activities
Purchase of tangible fixed assets				(50,026)		(458,942)
Proceeds from disposal oftangible		fixed
assets				5,000		244,999
Investment income received				385		17
Net cash used in investing	activities				(44,641)		(213,926)
Financing activities
Repayment ofbank loans				(28,310)		(51,386)
Net cash used in financing	activities				(28,310)		(51,386)
Net increase/(decrease) in	cash	and cash
equivalents					147,832		(279,012)
Cash and cash equivalents	at beginning		ofyear		481,128		760,140
Cash and cash equivalents	at end of		year		628,960		481,128

				Unrestricted	Unrestricted	RestrIcted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2023f	2023 f.	2023 f	2022 f	2022 f	2022f
Donations and			gifts		69,158	73,871	143,029	133,500	62,469	195,969
Legacies receivable								21,179		21,179
					69,158	73,871	143,029	154,679	62,469	217,148
Income	from		charitable	activities
									2023	2022
									f	f
Contract	income								365,761	409,534
Service charges									426,423	631,199
Grants									98,958	195,222
									891,142	1,235,955
Analysis	by	fund
Unrestricted		funds							891,142	1,235,955
Income	from		other trading		activities
								Unrestricted		Unrestricted
									funds	funds
									2023	2022
									f	f
Rental income									5,520	3,660
General	fundraising								30,420	5,312
Merchandise		income							1,148,092	942,245
Miscellaneous			income						26,117	66,071
Other trading			activities						1,210,149	1,017,288

					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					E	E
	Interest on	cash	deposits		385	17
7	Other Income
					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					E	E
	Net gain on	disposal of tangible		fixed assets		10,000
8	Expenditure	on	raising funds
					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					E	E
	Fundraising	and	publicity
	Other fundraising		costs		362,547	433,212
	Staff costs				499,033	402,820
	Depreciation	and	Impairment		75,690	61,765
					937,270	897,797
	Trading costs
	Support costs				277,293	280,838
	Total costs				1,214,563	1,178,635

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Support costs allo	cated to activities
		2023f	2022 f
Staff costs		419,469	511,174
Administrative costs		152,919	82,016
Premises costs		18,634	29,205
Other staff and volunteer costs		12,674
Governance costs		38,924	22,038
		642,620	644,433
Analysed between:
Fundraising		277,293	280,838
Older people's services		113,552	138,110
Day care/Dementia	services	148,593	174,163
Health and wellbeing		103,182	51,322
		642,620	644,433

The average	monthly number ofemployees during t	he year was:
		2023	2022
		Number	Number
		57	79
Employment	costs	2023	2022
		f	f
Wages and	salaries	1,289,448	1,708,813

is as foll	ow	s:
			2023	2022
			Number	Number
f70,001	to	f80,000

13	Other expenditure
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			6	6
	Net loss on disposal oftamgible	Rxed assets	13,502
			13,502
14	Gains and losses on Investments

Gains and	los	ses on Investments
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
Gains/(losses)		arising on:	6	E
Revaluation	of	investments	(1,459)	16,980

Tangible	fixed assets	fixed assets
				Freehold	Short	Fixtures and	Motet'	Total
				property	leasehold	fittings	vehicles
				f	f	f	f
Cost
At 1 April	2022			595,694	357,182	94,617	53,069	1,100,562
Additions				7,592	660	41,774		50,026
Disposals							(27,492)	(27,492)
At 31 March		2023		603,286	357,842	136,391	25,577	1,123,096
Depreciation		and impairment
At 1 April	2022				161,841	67,325	29,840	259,006
Depreciation		charged	in the year	1,176	65,054	14,134	4,727	85,091
Eliminated	in	respect ofdisposals					(8,990)	(8,990)
At 31 March		2023		1,176	226,895	81,459	25,577	335,107
Carrying	amount
At 31 March		2023		602,110	130,947	54,932		787,989
At 31 March		2022		595,694	195,341	27,293	23,229	841,557

				Listed
				investments
				f
	Cost or	valuation
	At 1 April	2022		264,157
	Valuation	changes		(1,459)
	At 31 March 2023			262,698
	Carrying	amount
	At 31 March 2023			262,698
	At 31 March 2022			264,157
18	Stocks
			2023	2022
			f	f
	Finished	goods and goods for resale	7,078	3,825

19	Debtors
						2023	2022
	Amounts falling due		within	one year:		5	6
	Trade debtors					35,206	61,971
	Prepayments	and accrued income				98,051	67,577
						131,257	129,548
20	Loans and overdrafts
						2023f	2022 6
	Bank loans					61,110	89,420
	Payable within	one year				30,168	28,141
	Payable after	one year				30,942	61,279
21	Creditors: amounts		falling	due within one year
					Notes	2023 5	2022f
	Bank loans				20	30,168	28,141
	Other taxation	and social security				218	13,827
	Trade creditors					37,047	18,454
	Other creditors					5,024	8,876
	Accruals and	deferred	income			66,047	24,693
						138,504	93,991
22	Creditors: amounts		falling	due after more than one year
						2023	2022
					Notes	6
	Bankloans				20	30,942	61,279

s as to how	they may be us	ed.
At 1 April	Incoming	Resources	Transfers	At 31 March
2022 f	resources 6	expended f	5	2023 f
282,268	73,871	(44,600)		311,539

Previous	year:	At 1 April	Incoming	Resources	Transfers	At 31 March
		2021 E	resourcesf	expendedf	E	2022 E
		503,609	62,469	(13,954)	(269,856)	282,268

		At 1 April	incoming	Resources	Transfers	Gains and	At 31 March
		2022 E	resources f	expended E	f	losses f	2023 E
Freehold
Property Fund		569,864	33,421				603,285
Leasehold
Property Fund		195,342		(64,533)			130,809
IT upgrade	fund	6,500			10,000		16,500
Redundancy
and extended
notice
contingency		120,000					120,000
New retail
opportunity					280,000		280,000
General funds		390,971	2,137,413	(2,050,522)	(290,000)	(1,459)	186,403
		1,282,677	2,170,834	(2,115,055)		(1,459)	1,336,997
Previous year:		At 1 April	Incoming	Resources	Transfers	Gains and	At 31 March
		2021 E	resourcesf	expended E		losses E	2022 f
Freehold
Property Fund		465,000	104,864	(255,356)	255,356		569,864
Leasehold
Property Fund		178,752			16,590		195,342
IT upgrade	fund	6,500					6,500
Redundancy
and extended
notice
contingency		120,000					120,000
General funds		351,182	2,313,075	(2,288,176)	(2,090)	16,980	390,971
		1,121,434	2,417,939	(2,543,532)	269,856	16,980	1,282,677

Analysts	of net assets between funds
			Unrestricted	Restricted	Total
			funds	funds
			2023	2023	2023
			E	E	E
Fund balances at 31 March 2023 are represented		by:
Tangible	assets		787,989		787,989
Investments			262,698		262,698
Current	assets/(liabilities)		317,252	311,539	628,791
Long term liabilities			(30,942)		(30,942)
			1,336,997	311,539	1,848,536
			Unrestricted	Restricted	Total
			funds	funds
			2022	2022	2022
			E	E	E
Fund balances at 31 INarch 2022 are represented		by:
Tangible	assets		841,557		841,557
Investments			264,157		264,157
Current	assets/giabilities)		238,242	282,268	520,510
Long term liabilities			(61,279)		(61,279)
			1,282,677	282,288	1,564,945

	2023	2022
	E	E
Within one year	183,000	183,000
Between two and five years	480,585	480,585
In overflve years	349,710	398,750
	1,013,295	1,062,335

	There were no disclosable related	There were no disclosable related	party	transactions	transactions	during	year (2022 —none).
28	Cash generated from	operations						2023 f	2022 f
	Surplus/(deficit) for the	year						83,591	(60,098)
	Adjustments for:
	Investment income recognised in statement				offinancial	activities		(385)	(17)
	Loss/(gain) on disposal	oftangible	fixed	assets				13,502	(10,000)
	Fair value gains and losses on investments							1,459	(16,980)
	Depreciation and impairment of tangible			fixed assets				85,092	73,400
	Movements in working	capital:
	(Increase)/decrease in	stocks						(3,253)	1,183
	(Increase)/decrsase in	debtors						(1,709)	40,996
	Increase/(decrease) in	creditors						42,486	(42,184)
	Cash generated from/(absorbed		by) operations					220,783	(13,700)
29	Analysis ofchanges	In net funds
							At 1 April 2C22	Cash flowsAt 31 March 2C23
							f	f,	f
	Cash at bank and in hand						481,128	147,832	628,960
	Loans falling due within	one year					(28,141)	(2,027)	(30,168)
	Loans falling due after	more than one year					(61,279)	30,337	(30,942)
							391,708	176,142	567,850