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|||||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|
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||||||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)|
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|||||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)|
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|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|
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|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|
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|||||||||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|
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|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|
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|2023|2022|
|---|---|
|8|F|
|10,733|8,517|
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|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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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||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|
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|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)|
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|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||
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|||||||||||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|
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