**Registered number: 06204479 Charity number: 1146255**
## **NURTRIO LIMITED**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent auditors' report on the financial statements**|6 - 9|
|**Statement of financial activities**|10 - 11|
|**Balance sheet**|12 - 13|
|**Statement of cash flows**|14|
|**Notes to the financial statements**|15 - 34|
**(A company limited by guarantee)**
## **NURTRIO LIMITED**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023**
|**Trustees**|S Beeton|
|---|---|
||C Jackson (appointed 22 February 2023)|
||K Lavery (resigned 22 February 2023)|
||E Lewington (appointed 22 February 2023)|
||A Morgan (resigned 22 February 2023)|
||K Turner|
||A Waterhouse, Chair of Trustees|
|**Company Registered**
**Number**
06204479
**Charity Registered**
**Number**
1146255
**Registered Office**
Eleanor Centre
21 Eleanor Street
Grimsby
DN32 9EA
**Company Secretary**
J Barnes
**Chief Executive**
J Barnes
**Independent Auditors**
Streets Audit LLP
Chartered Accountants and Statutory Auditor
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
**Bankers**
Santander UK plc
2 Triton Square
Regent's Place
London
NW1 3AN||
Page 1
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors’ report of the charitable company for the year ended 31 March 2023.
The trustees confirm that the annual report and financial statements of the charitable company have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Since the charitable company qualifies as small, under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.
Care 4 All (North East Lincolsnhire) Ltd changed its name to Nurtrio Limited on 1 April 2022 after Navigo Health and Social Care CIC ('Navigo') had become the sole corporate member of the charity. On the same date, the trade and assets of Navigo Extra Limited and Ace Homecare Limited were transferred to the charity.
## **Objectives and Activities**
## **Objects and Aims**
The principal object of the charity is to provide services for vulnerable people.
The objectives of the charity as set out in the memorandum of association are:
- The relief of those in need, by reason of youth, age, ill health, disability, financial hardship or other disadvantage.
- The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment.
Nurtrio’s vision is to be a unique one stop organisation which will effectively deliver outstanding care, support, and kindness in the community. Our vision fully reflects the purposes that the charity was set up for.
The charity’s latest Strategic Plan is still under development and will be finalised during the coming months. The Strategic Plan will be closely aligned to that of Navigo.
## **Public Benefit**
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and Performance**
- The supported living service of Navigo Extra Limited was merged with the charity's existing service to create an expanded Living Our Lives supported living service for people with complex learning disabilities or mental health issues. People are supported in their own home 24 hours a day 365 days per year. The service is supported by People Planner, an electronic rostering system.
- The domiciliary care services operated by Navigo Extra Limited and Ace Homecare Limited were merged in the charity.
- PASS, a direct payment support service, has continued to grow and is now one of the biggest service providers in North East Lincolnshire. PASS has also been working with commissioners to introduce client pre-payment cards for all existing and all new clients; this has been achieved.
Page 2
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
During the year, the trustees made the difficult decision to discontinue our payroll service. This decision was not taken lightly, as we understand the importance of payroll processing for businesses and their employees. However, after careful evaluation and analysis, we determined that discontinuing the payroll service was in the best interest of the charity due to limited growth potential and current staffing structure with one payroll manager and one payroll assistant has proven a challenge and a risk for resilience.
## **Financial Review**
Income has increased in the year due to an increase in Living our Lives activity with increased client numbers. Direct expenditure in providing the activity has similarly increased in particular through increased staff costs.
The results for the year also include the following one-off income and expenditure:
- a donation being the value of net assets transferred by Ace Homecare Limited and Navigo Extra Limited of £120,635.
- the write-off the brought forward investment value of Ace Homecare Limited following its transfer of assets and subsequent dissolution of £83,125.
Following the cessation of the payroll service, income and expenditure for the year are disclosed as discontinued operations with expenditure in the year including the loss on disposal of the remaining set-up costs of £8,577.
## **Policy on Reserves**
The reserves policy at the charity is to hold funds between 4% and 16% of continuing expenditure. Based on the 2022/23 results, this is between £231,419 and £925,678.
The total amount of reserves held at 31 March 2023 is £541,565 (2022 - £524,242). Included in the balance is £9,224 (2022 - £10,749) of restricted funds.
Of the total reserves, £64,954 (2022 - £160,151) can only be realised by disposing of fixed assets.
The total amount of free reserves, being total funds less restricted funds and fixed assets acquired from unrestricted funds, is £476,611 (2022 - £364,091).
Reserves are held in line with the policy.
## **Structure, Governance and Management**
## **Nature of Governing Document**
The charity is constituted under a Memorandum of Association and is a registered charity number 1146255. It is a company limited by guarantee, as defined by the Companies Act 2006, registered company number 06204479.
## **Recruitment and Appointment of Trustees**
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.
## **Induction and Training of Trustees**
An induction pack has been created to give details on the charity and its services and their roles and responsibilities as a trustee. A visit schedule to all of the charity’s sites has been developed to enable trustees to gain knowledge and understanding of the services on offer and how we operate. Individual training is sought through appropriate courses relating to the needs of the trustee.
Page 3
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Arrangements for Setting Key Management Personnel Remuneration**
The board of trustees is responsible for setting the salaries of the Chief Executive and other key management personnel. To do this, the board tries to ensure that our staff are paid a fair salary that is competitive within the charity sector in North East Lincolnshire, proportionate to the complexity of each role, and responsible in line with our charitable objectives.
## **Organisational Structure**
The organisational structure consists of the board of trustees and the senior leadership team. At the year-end, the senior leadership team comprised of CEO, Head of Finance, Head of Business Development, Head of Quality and Operations and Operations Manager of Regulated Services.
Business decisions are made by the managers and the Chief Executive on a day to day basis and through discussion at the managers’ meetings. High-level decisions or decisions that affect changes to the organisational structure, policies and procedures are taken to the board for consultation and agreement.
## **Major Risks and Risk Management**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## **Funds Held as Custodian Trustee on Behalf of Others**
Included within cash at bank and in hand is of cash held on behalf of clients. The charity does not have entitlement to these funds and a creditor of the same value has been included. At the year-end, the balance was £74,212 (2022 - £186,184).
## **Future Developments and Going Concern**
There are plans to incrementally expand the domiciliary care service despite significant recruitment challenges during 2022/23 and to continue the work to streamline and improve business systems and processes following the merger.
A restructure of the Living Our Lives service staff team will take place in April and May 2023 and the changes will be implemented in June 2023. The ambition is to increase operational effectiveness and reduce costs.
We are also focussing on the strengthening of the partnership between Nurtrio and Navigo and will be seeking opportunities to work more closely together.
The trustees of the charity will be undertaking a thorough and positive review of all aspects of the charity’s service delivery during 2023/24. The comprehensive evaluation will aim to ensure that the charity's activities are effectively meeting the needs of the objectives and communities it serves. By actively examining and refining their service delivery, the trustees are committed to maximizing the positive impact they make and furthering the charity's mission of making a difference in people's lives.
The forecast for 2023/24 is a positive one and therefore the trustees are confident that the charity is a going concern.
Page 4
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees' Responsibilities Statement**
The trustees, who are also the directors of Nurtrio Limited for the purpose of company law, are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of Information to Auditor**
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity’s auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
## **Small Companies Provision Statement**
This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.
Approved by order of the members of the board of trustees on 1 August 2023 and signed on their behalf by:
## **A Waterhouse Chair of Trustees**
Page 5
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NURTRIO LIMITED**
## **Opinion**
We have audited the financial statements of Nurtrio Limited (the 'charity') for the year ended 31 March 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Page 6
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NURTRIO LIMITED (CONTINUED)**
## **Other information**
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
Page 7
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NURTRIO LIMITED (CONTINUED)**
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditors' responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions and from our commercial knowledge and experience of the company, the care sector in which it operates and the services it provides;
- we focused on specific laws and regulations, in particular those relevant to the provision of care services, which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, taxation legislation, data protection, anti bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
Page 8
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NURTRIO LIMITED (CONTINUED)**
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- agreed a sample of income transactions to accurate recognition;
- verified the existence of the members and entities with which the charitable company has traded;
- reviewed accounting estimates and critical judgements; and
- tested a sample of employees for existence and accuracy of pay.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the charitable company's legal advisors.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Robert Anderson (Senior statutory auditor)**
for and on behalf of **Streets Audit LLP** Chartered Accountants and Statutory Auditor Tower House Lucy Tower Street Lincoln LN1 1XW
15 August 2023
Page 9
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Income from:**
Donations and grants
4
Charitable activities
5
Other trading activities
6
Other income
7
**Total income**
**Expenditure on:**
Raising funds
8
Charitable activities
9
**Total expenditure**
**Net income/(expenditure)**
**before net losses on**
**investments**
Net losses on investments
**Net movement in funds**|**Unrestricted**
**funds**
**2023**
**£**
**138,241**
**4,826,780**
**936,713**
**15,978**
**5,917,712**
**926,242**
**4,889,497**
**5,815,739**
**101,973**
**(83,125)**
**18,848**|**Restricted**
**funds**
**2023**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**1,525**
**1,525**
**(1,525)**
**-**
**(1,525)**|**Continuing**
**operations**
**2023**
**£**
**138,241**
**4,826,780**
**913,394**
**15,978**
**5,894,393**
**894,463**
**4,891,022**
**5,785,485**
**108,908**
**(83,125)**
**25,783**|**Discontinued**
**operations**
**2023**
**£**
**-**
**-**
**23,319**
**-**
**23,319**
**31,779**
**-**
**31,779**
**(8,460)**
**-**
**(8,460)**|**Total**
**funds**
**2023**
**£**
**138,241**
**4,826,780**
**936,713**
**15,978**
**5,917,712**
**926,242**
**4,891,022**
**5,817,264**
**100,448**
**(83,125)**
**17,323**|_Continuing_
_operations_
_2022_
_£_
_84,306_
_3,039,967_
_1,917_
_21,645_
_3,147,835_
_500_
_3,052,377_
_3,052,877_
_94,958_
_-_
_94,958_|_Discontinued_
_operations_
_2022_
_£_
_-_
_-_
_69,623_
_-_
_69,623_
_66,351_
_-_
_66,351_
_3,272_
_-_
_3,272_|_Total_
_funds_
_2022_
_£_
_84,306_
_3,039,967_
_71,540_
_21,645_
_3,217,458_|
|---|---|---|---|---|---|---|---|---|
|||||||||_66,851_
_3,052,377_
_3,119,228_|
|||||||||_98,230_
_-_
_98,230_|
Page 10
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2023**
**£**
**513,493**
**18,848**
**532,341**|**Restricted**
**funds**
**2023**
**£**
**10,749**
**(1,525)**
**9,224**|**Continuing**
**operations**
**2023**
**£**
**524,242**
**25,783**
**550,025**|**Discontinued**
**operations**
**2023**
**£**
**-**
**(8,460)**
**(8,460)**|**Total**
**funds**
**2023**
**£**
**524,242**
**17,323**
**541,565**|_Continuing_
_operations_
_2022_
_£_
_426,012_
_94,958_
_520,970_|_Discontinued_
_operations_
_2022_
_£_
_-_
_3,272_
_3,272_|_Total_
_funds_
_2022_
_£_
_426,012_
_98,230_
_524,242_|
|---|---|---|---|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 34 form part of these financial statements.
Page 11
## **NURTRIO LIMITED**
## **(A company limited by guarantee) REGISTERED NUMBER: 06204479**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**Fixed assets**
Intangible assets
13
Tangible assets
14
Investments
15
**Current assets**
Stocks
16
Debtors
17
Cash at bank - client account
Cash at bank and in hand
Creditors: amounts falling due within one
year
18
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**|**6,208**
**798,012**
**74,212**
**162,537**
**1,040,969**
**(564,358)**|**2023**
**£**
**-**
**64,954**
**-**
**64,954**
**476,611**
**541,565**
**541,565**
**541,565**|_3,544_
_305,444_
_186,184_
_284,569_
_779,741_
_(415,650)_|_2022_
_£_
_10,503_
_66,523_
_83,125_|
|---|---|---|---|---|
|||||_160,151_
_364,091_|
|||||_524,242_|
|||||_524,242_|
|||||_524,242_|
Page 12
## **NURTRIO LIMITED (A company limited by guarantee) REGISTERED NUMBER: 06204479**
## **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023**
|**Note**
**Charity funds**
Restricted funds
19
Unrestricted funds
19
**Total funds**|**2023**
**£**
**9,224**
**532,341**
**541,565**|_2022_
_£_
_10,749_
_513,493_|
|---|---|---|
|||_524,242_|
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the trustees on 01 August 2023 and signed on their behalf by:
## **A Waterhouse Chair of Trustees**
The notes on pages 15 to 34 form part of these financial statements.
Page 13
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023**
|**Cash flows from operating activities**
Net cash received from / (used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of investments
**Net cash used in investing activities**
**Cash flows from financing activities**
Repayments of borrowing
**Net cash provided by/(used in) financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 15 to 34 form part of these financial statements|**2023**
**£**
**(232,474)**
**(1,530)**
**-**
**(1,530)**
**-**
**-**
**(234,004)**
**470,753**
**236,749**|_2022_
_£_
_5,652_
_(946)_
_(53,125)_
_(54,071)_
_(159,091)_
_(159,091)_
_(207,510)_
_678,263_
_470,753_|
|---|---|---|
Page 14
**(A company limited by guarantee)**
## **NURTRIO LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. General information**
Nurttio Limited (formerly Care 4 All (North East Lincolnshire) Ltd) (the charity) is a limited company by guarantee incorporated in England and Wales and a registered charity. The charity's registered office is at the Eleanor Centre, 21 Eleanor Street, Grimsby, DN32 9EA. The charity's principal activity is the provision of care and associated services.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Nurtrio Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity.
The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 15
**(A company limited by guarantee)**
## **NURTRIO LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.4 Intangible assets and amortisation**
Intangible assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a reducing balance basis. Amortisation is charged at 20% on the reducing balance basis.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following bases:
|Motor vehicles|- 25% reducing balance|
|---|---|
|Fixtures and fittings|- 20% reducing balance|
|Computer equipment|- 20% / 50% reducing balance|
|Caravan|- 10% reducing balance|
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
## **2.6 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
## **2.7 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost represents the direct cost of the purchase of stock.
Page 16
**(A company limited by guarantee)**
## **NURTRIO LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.9 Cash at bank and in hand**
Cash at bank and in hand represents monies held in current and savings accounts with instant access and petty cash.
Cash at bank - client account represents the balance in a separate bank account in the name of the charity that holds client monies which cannot be spent by the charity.
## **2.10 Liabilities**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **2.11 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **2.12 Operating leases**
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.
## **2.13 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **2.14 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 17
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Tangible fixed assets are recognised at cost or valuation less accumulated depreciation and any impairment. Depreciation takes place over the estimated useful life down to the assessed residual value. The carrying amount of the charity's fixed assets is tested as soon as changed conditions show that a need for impairment has arisen.
## **4. Income from donations and grants**
|**Donations**
Net Assets Transferred
Other Donations
Grants
**Subtotal**|**Unrestricted**
**funds**
**2023**
**£**
120,635
1,114
121,749
16,492
16,492
138,241|**Restricted**
**funds**
**2023**
**£**
-
-
-
-
-
-|**Total**
**funds**
**2023**
**£**
**120,635**
**1,114**
**121,749**|
|---|---|---|---|
||||**16,492**
**16,492**
**138,241**|
On 1 April 2022, the net assets of Navigo Extra Limited and Ace Homecare Limited were transferred to the charity.
Page 18
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **4. Income from donations and grants (continued)**
|**Donations**
Other Donations
Grants
**Subtotal**
**Income from charitable activities**
PASS
Meals Plus
Supported Living
Home Care
Housing Related Support|_Unrestricted_
_funds_
_2022_
_£_
_139_
_139_
_-_
_-_
_139_
**Unrestricted**
**funds**
**2023**
**£**
121,593
490,588
3,327,229
783,342
104,028
4,826,780|_Restricted_
_funds_
_2022_
_£_
_-_
_-_
_84,167_
_84,167_
_84,167_
**Total**
**funds**
**2023**
**£**
**121,593**
**490,588**
**3,327,229**
**783,342**
**104,028**
**4,826,780**|_Total_
_funds_
_2022_
_£_
_139_
_139_|
|---|---|---|---|
||||_84,167_
_84,167_
_84,306_|
||||_Total_
_funds_
_2022_
_£_
_84,747_
_475,537_
_2,479,683_
_-_
_-_
_3,039,967_|
## **5. Income from charitable activities**
Page 19
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **6. Income from other trading activities**
## **Income from non charitable trading activities**
|Employment Service
Payroll Services
Key Safes
**Other incoming resources**
Other Incoming Resources|**Unrestricted**
**funds**
**2023**
**£**
912,156
23,319
1,238
936,713
**Unrestricted**
**funds**
**2023**
**£**
15,978|**Total**
**funds**
**2023**
**£**
**912,156**
**23,319**
**1,238**
**936,713**
**Total**
**funds**
**2023**
**£**
**15,978**|_Total_
_funds_
_2022_
_£_
_-_
_69,623_
_1,917_
_71,540_|
|---|---|---|---|
||||_Total_
_funds_
_2022_
_£_
_21,645_|
## **7. Other incoming resources**
Page 20
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **8. Expenditure on raising funds**
## **Other trading expenses**
|**Unrestricted**
**funds**
**2023**
**£**
Payroll Services
20,796
Key Safes
673
Staff Costs
904,773
926,242|**Total**
**funds**
**2023**
**£**
**20,796**
**673**
**904,773**
**926,242**|_Total_
_funds_
_2022_
_£_
_31,861_
_500_
_34,490_
_66,851_|
|---|---|---|
## **9. Analysis of expenditure by activities**
|PASS
Meals Plus
Supported Living
Home Care
Housing Related Support|**Activities**
**undertaken**
**directly**
**2023**
**£**
66,039
495,967
2,826,713
875,682
76,333
4,340,734|**Support**
**costs**
**2023**
**£**
13,885
56,019
379,061
89,444
11,879
550,288|**Total**
**funds**
**2023**
**£**
**79,924**
**551,986**
**3,205,774**
**965,126**
**88,212**
**4,891,022**|
|---|---|---|---|
Page 21
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Analysis of expenditure by activities (continued)**
|PASS
Meals Plus
Supported Living|_Activities_
_undertaken_
_directly_
_2022_
_£_
_48,661_
_479,045_
_2,152,132_
_2,679,838_|_Support_
_costs_
_2022_
_£_
_10,385_
_58,276_
_303,878_
_372,539_|_Total_
_funds_
_2022_
_£_
_59,046_
_537,321_
_2,456,010_
_3,052,377_|
|---|---|---|---|
## **Analysis of direct costs**
|Staff Costs
Other Direct Costs
Staff Costs
Other Direct Costs|**PASS**
**2023**
**£**
56,825
9,214
66,039|**Meals Plus**
**2023**
**£**
257,708
238,259
495,967|**Supported**
**Living**
**2023**
**£**
2,733,238
93,475
2,826,713
**Housing**
**Related**
**Support**
**2023**
**£**
72,982
3,351
76,333|**Home Care**
**2023**
**£**
789,958
85,724|
|---|---|---|---|---|
|||||875,682|
|||||**Total**
**funds**
**2023**
**£**
**3,910,711**
**430,023**
**4,340,734**|
Page 22
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff Costs
Other Direct Costs
Staff Costs
Other Direct Costs|_PASS_
_2022_
_£_
_48,122_
_539_
_48,661_|_Meals Plus_
_2022_
_£_
_245,630_
_233,415_
_479,045_|_Supported_
_Living_
_2022_
_£_
_2,027,061_
_125,071_
_2,152,132_
_Housing_
_Related_
_Support_
_2022_
_£_
_-_
_-_
_-_|_Home Care_
_2022_
_£_
_-_
_-_|
|---|---|---|---|---|
|||||_-_|
|||||_Total_
_funds_
_2022_
_£_
_2,320,813_
_359,025_
_2,679,838_|
## **Analysis of support costs**
|Staff Costs
Other Costs|**PASS**
**2023**
**£**
7,859
6,026
13,885|**Meals Plus**
**2023**
**£**
31,707
24,312
56,019|**Supported**
**Living**
**2023**
**£**
214,176
164,885
379,061|**Home Care**
**2023**
**£**
50,625
38,819|
|---|---|---|---|---|
|||||89,444|
Page 23
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Analysis of expenditure by activities (continued) Analysis of support costs (continued)**
|Staff Costs
Other Costs
_PASS_
_2022_
_Meals Plus_
_2022_
_£_
_£_
Staff Costs
_6,213_
_34,863_
Other Costs
_4,172_
_23,413_
_10,385_
_58,276_
Staff Costs
Other Costs
**10.**
**Auditors' remuneration**
Fees payable to the charity's auditor for the audit of the charity's annual
accounts|**Housing**
**Related**
**Support**
**2023**
**£**
6,724
5,155
11,879
_Supported_
_Living_
_2022_
_£_
_181,794_
_122,084_
_303,878_
_Housing_
_Related_
_Support_
_2022_
_£_
_-_
_-_
_-_
**2023**
**£**
**9,000**|**Total**
**funds**
**2023**
**£**
**311,091**
**239,197**
**550,288**|
|---|---|---|
|||_Home Care_
_2022_
_£_
_-_
_-_|
|||_-_|
|||_Total_
_funds_
_2022_
_£_
_222,870_
_149,669_
_372,539_|
|||_2022_
_£_
_3,950_|
Page 24
**(A company limited by guarantee)**
## **NURTRIO LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **11. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2023**
**£**
**4,724,652**
**320,316**
**81,607**
**5,126,575**|_2022_
_£_
_2,369,799_
_156,310_
_52,064_|
|---|---|---|
|||_2,578,173_|
The average number of persons employed by the charity during the year was as follows:
||**2023**|_2022_|
|---|---|---|
||**No.**|_No._|
|Total|**310**|_156_|
No employee received remuneration amounting to more than £60,000 in either year.
The total amount of benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the charity were £213,500 (2022 - £154,500).
## **12. Trustees' remuneration and expenses**
During the year, no trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 31 March 2023, no trustee expenses have been incurred _(2022 - £NIL)_ .
Page 25
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
|**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**||
|---|---|
|**13.**
**Intangible assets**
At 1 April 2022
Disposals
**At 31 March 2023**
At 1 April 2022
Charge for the year
On disposals
**At 31 March 2023**
**Net book value**
**At 31 March 2023**
_At 31 March 2022_|**Computer**
**software**
**£**
**20,514**
**(20,514)**
**-**
**10,011**
**1,926**
**(11,937)**
**-**
**-**
_10,503_|
Page 26
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **14. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2022
Additions
Transfers intra group
**At 31 March 2023**
**Depreciation**
At 1 April 2022
Charge for the year
Transfers intra group
**At 31 March 2023**
**Net book value**
**At 31 March 2023**
_At 31 March 2022_|**Motor**
**vehicles**
**£**
**30,130**
**-**
**-**
**30,130**
**20,136**
**2,499**
**-**
**22,635**
**7,495**
_9,994_|**Fixtures and**
**fittings**
**£**
**7,258**
**-**
**6,956**
**14,214**
**7,258**
**136**
**6,413**
**13,807**
**407**
_-_|**Computer**
**equipment**
**£**
**42,444**
**1,530**
**23,609**
**67,583**
**14,242**
**10,416**
**11,367**
**36,025**
**31,558**
_28,202_|**Caravan**
**£**
**45,051**
**-**
**-**
**45,051**
**16,724**
**2,833**
**-**
**19,557**
**25,494**
_28,327_|**Total**
**£**
**124,883**
**1,530**
**30,565**
**156,978**|
|---|---|---|---|---|---|
||||||**58,360**
**15,884**
**17,780**
**92,024**|
||||||**64,954**|
||||||_66,523_|
Page 27
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **15. Fixed asset investments**
|At 1 April 2022
Disposals
**At 31 March 2023**
**Net book value**
**At 31 March 2023**
_At 31 March 2022_|**Investments**
**in**
**subsidiary**
**companies**
**£**
**83,125**
**(83,125)**
**-**
**-**
_83,125_|
|---|---|
Investments in subsidiary companies related to the charity's shareholding in Ace Homecare Limited which has been dissolved after the year-end.
## **16. Stocks**
|Finished goods and goods for resale
**Debtors**
**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income|**2023**
**£**
**6,208**
**2023**
**£**
**355,338**
**316,010**
**6,770**
**119,894**
**798,012**|_2022_
_£_
_3,544_|
|---|---|---|
|||_2022_
_£_
_256,764_
_-_
_3,579_
_45,101_|
|||_305,444_|
## **17. Debtors**
Page 28
**(A company limited by guarantee)**
## **NURTRIO LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. Creditors: Amounts falling due within one year**
|Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
Client monies held
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods|**2023**
**£**
**33,358**
**136,187**
**239,454**
**28,265**
**52,882**
**74,212**
**564,358**
**2023**
**£**
**871**
**395**
**(871)**
**395**|_2022_
_£_
_38,105_
_-_
_36,905_
_88,461_
_65,995_
_186,184_|
|---|---|---|
|||_415,650_|
|||_2022_
_£_
_-_
_871_
_-_|
|||_871_|
At the year-end, the charity had received income in advance in relation to care services.
Page 29
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **19. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted Funds**
General Funds
**Restricted Funds**
Garfield Weston
LEP Grant
**Total of Funds**
**Restricted Funds:**|**Balance at 1**
**April 2022**
**£**
**513,493**
**4,589**
**6,160**
**10,749**
**524,242**|**Income**
**£**
**5,917,712**
**-**
**-**
**-**
**5,917,712**|**Expenditure**
**£**
**(5,815,739)**
**(890)**
**(635)**
**(1,525)**
**(5,817,264)**|**Gains/**
**(Losses)**
**£**
**(83,125)**
**-**
**-**
**-**
**(83,125)**|**Balance at**
**31 March**
**2023**
**£**
**532,341**|
|---|---|---|---|---|---|
||||||**3,699**
**5,525**
**9,224**|
||||||**541,565**|
|||||||
Garfield Weston - funding provided for the acquisition of vehicles. The unspent balance represents the net book value of assets at the year-end.
LEP Grant - funding provided for an IT improvement project. The unspent balance represents the net book value of assets at the year-end.
Page 30
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **19. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted Funds**
General Funds
**Restricted Funds**
Garfield Weston
LEP Grant
Infection Control Fund
Workforce Fund
Kickstart Grant
**Total of Funds**|_Balance at_
_1 April 2021_
_£_
_411,154_
_6,232_
_8,626_
_-_
_-_
_-_
_14,858_
_426,012_|_Income_
_£_
_3,133,291_
_-_
_-_
_20,699_
_46,124_
_17,344_
_84,167_
_3,217,458_|_Expenditure_
_£_
_(3,034,702)_
_(1,643)_
_(2,466)_
_(20,699)_
_(46,124)_
_(13,594)_
_(84,526)_
_(3,119,228)_|_Transfers_
_in/out_
_£_
_3,750_
_-_
_-_
_-_
_-_
_(3,750)_
_(3,750)_
_-_|_Balance at_
_31 March_
_2022_
_£_
_513,493_|
|---|---|---|---|---|---|
||||||_4,589_
_6,160_
_-_
_-_
_-_
_10,749_|
||||||_524,242_|
## **20. Summary of funds Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**April 2022**
**£**
**513,493**
**10,749**
**524,242**|**Income**
**£**
**5,917,712**
**-**
**5,917,712**|**Expenditure**
**£**
**(5,815,739)**
**(1,525)**
**(5,817,264)**|**Gains/**
**(Losses)**
**£**
**(83,125)**
**-**
**(83,125)**|**Balance at**
**31 March**
**2023**
**£**
**532,341**
**9,224**
**541,565**|
|---|---|---|---|---|---|
Page 31
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **20. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|_Balance at_
_1 April 2021_
_£_
_411,154_
_14,858_
_426,012_|_Income_
_£_
_3,133,291_
_84,167_
_3,217,458_|_Expenditure_
_£_
_(3,034,702)_
_(84,526)_
_(3,119,228)_|_Transfers_
_in/out_
_£_
_3,750_
_(3,750)_
_-_|_Balance at_
_31 March_
_2022_
_£_
_513,493_
_10,749_
_524,242_|
|---|---|---|---|---|---|
## **21. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
55,730
Current assets
1,040,969
Creditors due within one year
(564,358)
**Total**
532,341
**Analysis of net assets between funds - prior year**
_Unrestricted_
_funds_
_2022_
_£_
Tangible fixed assets
_55,774_
Intangible fixed assets
_10,503_
Fixed asset investments
_83,125_
Current assets
_779,741_
Creditors due within one year
_(415,650)_
**Total**
_513,493_|**Restricted**
**funds**
**2023**
**£**
9,224
-
-
9,224
_Restricted_
_funds_
_2022_
_£_
_10,749_
_-_
_-_
_-_
_-_
_10,749_|**Total**
**funds**
**2023**
**£**
**64,954**
**1,040,969**
**(564,358)**
**541,565**
_Total_
_funds_
_2022_
_£_
_66,523_
_10,503_
_83,125_
_779,741_
_(415,650)_
_524,242_|
|---|---|---|
Page 32
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **22. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Amortisation charges
Loss on disposal of investment
Loss on the sale of intangible fixed assets
Decrease/(increase) in stocks
Increase in debtors
Increase/(decrease) in creditors
Net book value of tangible fixed assets transferred
**Net cash provided by/(used in) operating activities**
**23.**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
Client monies held
**Total cash and cash equivalents**
**24.**
**Analysis of changes in net debt**
**At 1 April**
**2022**
**Cash flows**
**£**
**£**
Cash at bank and in hand
**284,569**
**(272,852)**
Cash at bank - client account
**186,184**
**(111,972)**|**2023**
_2022_
**£**
_£_
**17,323**
_98,230_
**15,884**
_13,666_
**1,926**
_2,626_
**83,125**
_-_
**8,577**
_-_
**(2,664)**
_246_
**(492,568)**
_(43,793)_
**148,708**
_(65,323)_
**(12,785)**
_-_
**(232,474)**
_5,652_
**2023**
_2022_
**£**
_£_
**162,537**
_284,569_
**74,212**
_186,184_
**236,749**
_470,753_
**On transfer**
**At 31 March**
**2023**
**£**
**£**
**150,820**
**162,537**
**-**
**74,212**|
|---|---|
Page 33
## **NURTRIO LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **25. Pension commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £81,606 (2022 - £52,064). £15,914 (2022 - £11,039) were payable to the fund at the balance sheet date and are included in creditors.
## **26. Operating lease commitments**
At 31 March 2023 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**2023**
**£**
**6,570**
**2,616**
**9,186**|_2022_
_£_
_6,860_
_9,186_|
|---|---|---|
|||_16,046_|
The following lease payments have been recognised as an expense in the Statement of financial activities:
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Operating lease rentals|**6,860**|_10,317_|
## **27. Related party transactions**
## **Navigo Health and Social Care CIC**
The charity is a wholly owned subsidiary of Navigo Health and Social Care CIC.
During the year, the charity raised gross invoices to Navigo Health and Social Care CIC totalling £1,799,966. The balance owed by Navigo Health and Social Care CIC at the year-end was £316,010.
In addition, the charity received gross invoices from Navigo Health and Social Care CIC totalling £140,886. The total balance owed to Navigo Health and Social Care CIC at the year-end was £136,187.
## **28. Controlling party**
The immediate and ultimate parent company is Navigo Health and Social Care CIC. Navigo Health and Social Care CIC is the controlling member of the charity.
Consolidated accounts can be obtained from Companies House.
Page 34