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2023-03-31-accounts

Pages
Trustees'
Annual
Report (Incorporating		 the Director's Report) 1to9
Independent Examiner's
Report to the		 Trustees 10to 11
Statement of Financial Activities (Including Income and
Expenditure Account) 12
Statement of Financial
Position		 13to 14
Statement ofCash Flows 15
Notes to the Financial Statements 16to 29

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note 6 6 6 f
Income and endowments
Donations
and legacies		 434 434 15,949
Charitable
activities		 745,539 14,783 760,322 962,213
Investment
income		 2,673 2,673 3,024
Total income 748,646 14,783 763,429 981,186
Expenditure
Expenditure
on charitable
activities		 8,9,10 882,607 13,586 896,193 1,126,298
Total expenditure 882,607 13,586 896,193 1,126,298
Net expenditure (133,961) 1,197 (132,764) (145,112)
Other recognised
gains and losses
Effect on asset ceiling non recognition of
asset (73,000) (73,000)
Actuarial
gains/(losses)		 on defined benefit
pension schemes 1,340,000 1,340,000 599,000
Net movement
in funds		 1,133,039 1,197 1,134,236 453,888
Reconciliation
offunds
Total funds
brought
forward		 (960,284) 2,430 (957,854) (1,411,742)
Total funds carried forward 172,755 3,627 176,382 (957,854)

Note 2023
E		 F. 2022
f
Fixed Assets
Tangible fixed assets 16 33,494 35,362
Current Assets
Debtors 17 38,339 71,936
Cash at bank and
in hand		 987,521 685,186
1,025,860 757,122
Creditors: amounts
falling		 due
within one year 18 882,972 599,338
Net Current Assets 142,888 157,784
Total Assets Less Current Liabilities 176,382 193,146
Net Assets Excluding
Pension
Plan Liability		 Defined Benefit 176,382 193,146
Defined benefit pension plan liability 19 1,151,000
Net Liabilities
Including		 Defined Benefit
Pension
Plan Liability		 176,382 (957,854)
Funds ofthe Charity
Restricted funds		 3,627 2,430
Unrestricted
funds:
Defined benefit pension
reserve
Other unrestricted
income funds		 172,755 (1,151,000)
190,716
Total unrestricted
funds		 172,755 (960,284)
Total charity funds 20 176,382 (957,854)

Year Ended 31 March 2023
2023 2022
Cash Flows from Operating Activities
Net expenditure (132,764) (145,112)
Adjustments
for:
Depreciation
oftangible fixed assets		 10,733 8,517
Other interest receivable
and		 similar income (2,673) (3,024)
Interest payable and similar charges 275 637
Defined benefit pension
plan		 employer contributions 93,000 146,000
Accrued (income)/expenses 1,230 (4,561)
Pension fund costs 23,000 32,000
Changesin:
Trade and other debtors 33,596 (44,840)
Trade and other creditors 282,405 (4,878,769)
Cash generated
from operations		 308,802 (4,889,152)
Interest paid (275) (637)
Interest received 2,673 3,024
Net cash (used in)/from
operating
activities		 311,200 (4,886,765)
Cash Flows from Investing Activities
Purchase oftangible assets (8,865) (32)
Net cash used
in investing
activities		 (8,865) (32)
Net (Decrease)/increase
in		 Cash and Cash Equivalents 302,335 (4,886,797)
Cash and Cash Equivalents at Beginning ofYear 685,186 5,571,983
Cash and Cash Equivalents at End ofYear 987,521 585,186

value, over the useful economi c
life ofthat asset		 as follows:
Leasehold
improvements		 Over the life ofthe lease
Office equipment 25% straight line
Service user equipment 25% straight line

Unrestricted Restricted Total Funds
Funds Funds 2023
6 E E
Payments from governments or public authorities in
the normal course of trading 649,093 649,093
Performance-related grants 14,783 14,783
Service user fees 96,446 96,446
745,539 14,783 760,322
Unrestricted Restricted Total Funds
Funds Funds 2022
E E F
Payments from governments or public authorities in
the normal course of trading 828,922 828,922
Performance-related grants 31,764 31,764
Service user fees 101,527 101,527
930,449 31,764 962,213
7. Investment Income
Total
Unrestricted Funds Unrestricted Total Funds
Funds 2023 Funds 2022
E E 6
Bank interest receivable 2,673 2,673 3,024 3,024
8. Expenditure on Charitable Activities by Fund Type
Unrestricted Restricted Total Funds
Funds Funds 2023
E F
Independent Living Support service 431,410 431,410
Supportcosts 451,197 13,586 464,783
882,607 13,586 896,193
Unrestricted Restricted Total Funds
Funds Funds 2022f
Independent Living Support service 681,956 14,595 696,551
Support costs 416,058 13,689 429,747
1,098,014 28,284 1,126,298

Expenditure on C haritable
Activities		 by Activity Ty pe
Activities
undertaken Support Total funds Total fund
directly
f		 costs 2023
6		 2022
Independent Living Support service 431,410 419,798 851,208 1,069,025
Governance costs 44,985 44,985 57,273
431,410 464,783 896,193 1,126,298
Analysis of Support Costs
Independent
Living
Support
service Total 2023 Total 2022
f
Staff costs 251,888 251,888 204,654
Premises 69,859 69,859 64,228
Communications and IT 51,942 51,942 54,981
Governance costs 44,985 44,985 57,273
Training 518 518 2,237
Printing,
stationery		 and marketing 16,389 16,389 17,402
Access to Work costs 13,586 13,586 12,185
Legal and professional fees 3,107 3,107 6,915
Depreciation 10,733 10,733 8,517
Other office costs 1,776 1,776 1,355
464,783 464,783 429,747

2023 2022
8 F
10,733 8,517

Independent Examinatio n
Fee		 s
2023 2022
E 6
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 8,700 8,400

2023 2022
8 f
Wages and salaries 435,609 585,978
Social security costs 33,645 43,928
Employer contributions to pension plans 176,833 261,797
646,087 891,703
offull-tim e equivalent
e		 mployees
during
the year is a		 nalysed as follows:
2023 2022
No. No.
Number of direct payroll staff 12 17
Number of administrative staff 5 9
Number of management staff 5 6
22 32

16. Tangible Fix ed Assets
Leasehold Fixtures and
improvements fittings
E		 Equipmentf Total
f
Cost
At 1 April 2022 42,114 1,971 47,850 91,935
Additions 8,865 8,865
At 31 March 2023 42,114 1,971 56,715 100,800
Depreciation
At 1 April 2022 12,425 1,971 42,177 56,573
Charge for the year 4,211 6,522 10,733
At 31 March 2023 16,636 1,971 48,699 67,306
Carrying
amount
At 31 March 2023 25,478 8,016 33,494
At 31 March 2022 29,689 5,673 35,362
17. Debtors
2023 2022
E
Trade debtors 8,504 65,591
Prepayments and accrued income 29,835 6,345
38,339 71,936

Creditors: amounts
f		 alling due within one year
2023 2022
6 6
Trade creditors 426,730 387,201
Accruals and deferred income 17,730 16,501
Social security and other taxes 26,002 37,458
Pension fund 7,553 20
Other creditors 404,957 158,158
882,972 599,338

The statement offinancial position net defined benefit liability is determined net defined benefit liability is determined net defined benefit liability is determined as follows:
2023
6		 2022
f
(2,056,000) (3,737,000)
2,129,000 2,586,000
73,000 (1,151,000)
Changes
in the		 present value ofthe defined benefit obligations are as follows:
2023
6
At 1 April 2022 3,737,000
Current service cost 177,000
Interest expense 85,000
Benefits paid (30,000)
Contributions
by plan participants		 24,000
Remeasurements:
Actuarial
gains and losses		 (894,000)
Settlements (1,043,000)
At 31 March 2023 2,056,000
Changes
in the		 fair value of plan assets are as follows:
2023
6
At 1 April 2022 2,586,000
Interest income 62,000
Benefits paid (30,000)
Contributions
by employer		 84,000
Contributions
by plan participants		 24,000
Remeasurements:
Actuarial
gains and losses		 (21,000)
Settlements (576,000)
At 31 March 2023 2,129,000

The total co sts for the year in relation to defined
benefit		 plans are as follows:
2023 2022
5
Recognised in income or expenditure:
Current service cost 177,000 262,000
Net interest expense 23,000 32,000
200,000 294,000
The fair v alue ofthe major categories of plan assets are a s follows:
2023 2022
0/
Equity instruments 80.80 80.00
Debt instruments 11.50 12.00
Property 3.30 4.00
Cash and cash equivalents 2.30 3.00
Other 2.10 1.00
The return on plan assets are as follows:
2023 2022
F E
Return on assets of benefit plan 41,000 237,000
The principal The principal actuarial assumptions assumptions as at the statement offinancial position date were:
2023 2022
Discount rate 4.70 2.70
Expected rate ofsalary increase 3.95 4.15
Expected rate ofincrease in pensions 2.70 2.90
Inflation assumption 2.70 2.90
Other 2.70 2.90

At 1 Apr Asset not Gains and At 31 Mar
2022 Income Expenditure Settlements recognised losses 2023
F F F. 5
General funds 190,716 748,646 (766,607) 172,755
Pension (1,151,000) (116,000) 467,000 (73,000) 873,000
(960,284) 748,646 (882,607) 467,000 (73,000) 873,000 172,755
At 1 Apr Asset not Gains and At 31 Mar
2021 Income Expenditure Settlements recognised losses 2022
5 F F F.
General funds 161,308 949,422 (920,014) 190,716
Pension (1,572,000) (178,000) 599,000 (1,151,000)
(1,410,692) 949,422 (1,098,014) 599,000 (960,284)
Restricted funds
At 1 Apr Asset not Gains and At 31 Mar
2022 Income Expenditure Settlements recognised losses 2023
5 f 5
Access to work 347 14,783 (13,586) 1,544
TDS 2,083 2,083
2,430 14,783 (13,586) 3,627
At 1 Apr
2021		 Income Expenditure Settlements Asset not
recognised		 Gains and
losses		 At 31 Mar
2022
2 5 F
Access to work (1,550) 14,081 (12,184) 347
TDS 500 17,683 (16,100) 2,083
(1,050) 31,764 (28,284) 2,430

Analysis of Net A ssets Between Funds
Unrestricted Restricted Total Funds
Funds Funds 2023
6
Tangible fixed assets 33,494 33,494
Current assets 1,022,233 3,627 1,025,860
Creditors less than 1 year (882,972) (882,972)
Defined benefit pension
Net assets 172,755 3,627 176,382
Unrestricted Restricted Total Funds
Fundsf Funds
F		 2022
r.
Tangible fixed assets 35,362 35,362
Current assets 754,692 2,430 757,122
Creditors less than 1 year (599,338) (599,338)
Defined benefit pension (1,151,000) (1,151,000)
Net assets (960,284) 2,430 (957,854)

Analy sis of Chan ge s
in Net Debt
At
At 1 Apr 2022 Cash flows
5		 31 Mar 2023
f
Cash at bank and in hand 685,186 302,335 987,521

2023
5		 2022
f
Later than 1 year and not later than 5 years 52,125 107,936
Later than 5 years
52,125 107,936