| Report ofthe Trustees | 1 | to | 8 |
|---|---|---|---|
| Report ofthe Independent Auditors |
9 | to | 12 |
| Statement ofFinancial Activities | 13 | ||
| Balance Sheet | 14 | ||
| Cash Flow Statement | 15 | ||
| Notes to the Cash Flow Statement | 16 | ||
| Notes to the Financial Statements | 17 | to | 27 |
| Detailed Statement ofFinancial Activities | 28 | to | 29 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies |
91,138 | 91,138 | 101,561 | ||||
| Charitable activities |
|||||||
| Service contract income | 2,494,185 | 2,494,185 | 2,303,296 | ||||
| Other charitable activities |
9,590 | 9,590 | |||||
| Office administration and mnning |
costs | 300 | 300 | ||||
| Investment income |
35,684 | 35,684 | 35,228 | ||||
| Total | 2,630,897 | 2,630,897 | 2,440,085 | ||||
| EXPENDITURE ON | |||||||
| Raising funds | |||||||
| Other trading activities | 8,355 | 8,355 | |||||
| 8,355 | 8,355 | ||||||
| Charitable activities |
|||||||
| Wages, salaries, agency | fees and associated costs | 1,820,520 | 1,820,520 | 1,655,836 | |||
| Property running costs |
483,034 | 483,034 | 379,196 | ||||
| Residents activities and | allowances | 32,388 | 32,388 | 30,179 | |||
| Depreciation and disposal charges |
6,321 | 6,321 | 5,335 | ||||
| Professional fees |
31,675 | 31,675 | 65,970 | ||||
| Office administration and iunning |
costs | 109,628 | 109,628 | 262,079 | |||
| Total | 2,491,921 | 2,491,921 | 2,398,595 | ||||
| Net gains on investments | 50,578 | 50,578 | 167,399 | ||||
| NET INCOME | 189,554 | 189,554 | 208,889 | ||||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds brought forward | 2,262,108 | 2,262,108 | 2,053,219 | ||||
| TOTAL FUNDS CARRIED FORWARD | 2,451,662 | 2,451,662 | 2,262,108 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 1,025,033 | 1,025,033 | 999,161 | |
| Investments | 13 | 1,030,920 | 1,030,920 | 944,700 | |
| 2,055,953 | 2,055,953 | 1,943,861 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 182,547 | 182,547 | 247,466 | |
| Cash at bank and in hand | 1,237,474 | 1,237,474 | 210,937 | ||
| 1,420,021 | 1,420,021 | 458,403 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (186,090) | (186,090) | (140,156) | |
| NET CURRENT ASSETS | 1,233,931 | 1,233,931 | 318,247 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 3,289,884 | 3,289,884 | 2,262,108 | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
16 | (838,222) | (838,222) | ||
| NET ASSETS | 2,451,662 | 2,451,662 | 2,262,108 | ||
| FUNDS | 20 | ||||
| Unrestricted funds |
2,451,662 | 2,262,108 | |||
| TOTAL FUNDS | 2,451,662 | 2,262,108 |
| Cash Flow Statement | ||||
|---|---|---|---|---|
| for the Year Ended 31March 2022 | ||||
| 2022 | 2021 | |||
| Notes | ||||
| Cash flows from operating activities |
||||
| Cash generated from operations |
148,109 | 37,844 | ||
| Net cash provided by operating activities |
148,109 | 37,844 | ||
| Cash flows from investing activities |
||||
| Purchase oftangible fixed assets | (32,592) | (19,751) | ||
| Purchase offixed asset investments | (35,642) | (24,362) | ||
| Sale oftangible fixed assets | 400 | |||
| Interest received | 35,684 | 35,228 | ||
| Net cash used in investing activities |
(32,150) | (8,885) | ||
| Cash flows from financing activities |
||||
| New loans in year | 910,578 | |||
| Net cash provided by financing activities |
910,578 | |||
| Change in cash and cash equivalents | in the | |||
| reporting period | 1,026,537 | 28,959 | ||
| Cash and cash equivalents at the beginning |
||||
| ofthe reporting period |
210,937 | 181,978 | ||
| Cash and cash equivalents at the end |
ofthe | |||
| reporting period | 1,237,474 | 210,937 |
| RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Net income | for the reporting | period (as per the Statement ofFinancial | |||
| Activities) Adjustments |
for: | 189,554 | 208,889 | ||
| Depreciation | charges | 6,721 | 5,335 | ||
| Gain on investments Profit on disposal offixed assets Interest received Fixed asset investments adjustments |
(50,578) (400) (35,684) |
(167,399) (35,228) 1,140 |
|||
| Decrease in Decrease in |
debtors creditors |
64,919 (26,423) |
25,778 (671) |
||
| Net cash provided by operations |
148,109 | 37,844 | |||
| ANALYSIS | OFCHANGES | IN NET FUNDS | |||
| At 1.4.21 | Cash flow | At 31.3.22 | |||
| f. | |||||
| Net cash | |||||
| Cash at bank | and in hand | 210,937 | 1,026,537 | 1,237,474 | |
| 210,937 | 1,026,537 | 1,237,474 | |||
| Debt | |||||
| Debts falling Debts falling |
due within due after 1 |
1 year year |
(72,357) (838,222) |
(72,357) (838,222) |
|
| (910,579) | (910,579) | ||||
| Total | 210,937 | 115,958 | 326,895 |
| Freehold land and buildings |
not provided |
|---|---|
| Short leasehold proper+ improvements | over period oflease |
| Fixtures and fittings | 25%on cost |
| Motor vehicles | 25%on cost |
| Computer equipment |
33%on cost |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Activity | ||||||||||
| Service contracts | Service contract | income | 2,494,185 | 2,297,721 | ||||||
| Other income | Service contract | income | 5,575 | |||||||
| Other income | Other | charitable | activities | 9,590 | ||||||
| Other income | Office administration | and mnning | costs | 300 | ||||||
| 2,504,075 | 2,303,296 | |||||||||
| 5. | OTHER TRADING | ACTIVITIES | ||||||||
| 2022 | 2021 | |||||||||
| Bad debts | 8,355 | |||||||||
| 6. | CHARITABLE | ACTIVITIES COSTS | ||||||||
| Support | ||||||||||
| Direct | costs (see | |||||||||
| Costs | note 7) | Totals | ||||||||
| Wages, salaries, | agency fees and | |||||||||
| associated costs | 1,471,857 | 348,663 | 1,820,520 | |||||||
| Property running |
costs | 466,438 | 16,596 | 483,034 | ||||||
| Residents activities and allowances | 32,388 | 32,388 | ||||||||
| Depreciation and disposal charges Professional fees Office administration and running |
costs | 22,436 (39,423) |
6,321 9,239 149,051 |
6,321 31,675 109,628 |
||||||
| 1,953,696 | 529,870 | 2,483,566 | ||||||||
| 7. | SUPPORT COSTS | |||||||||
| Governance | ||||||||||
| Management | Finance | Other | costs | Totals | ||||||
| Wages, salaries, agency fees | ||||||||||
| and associated costs | 343,630 | 5,033 | 348,663 | |||||||
| Property running Depreciation and |
costs disposal |
16,596 | 16,596 | |||||||
| charges Professional fees Office administration |
and | 1,368 | (400) | 6,721 | 7,871 | 6,321 9,239 |
||||
| ninning costs |
122,428 | 26,623 | 149,051 | |||||||
| 484,022 | (400) | 38,377 | 7,871 | 529,870 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f. | ||||
| Auditors' | remuneration | 5,250 | 6,000 | |
| Auditors' | remuneration | for non audit work | 2,621 | 2,851 |
| Depreciation - owned | assets | 6,720 | 5,335 | |
| Other operating leases |
147,779 | 145,127 | ||
| Surplus | on disposal offixed assets | (400) |
| STAFF COSTS | ||
|---|---|---|
| 2021 | 2020 | |
| f, | ||
| Wages and salaries | 1,514,198 | 1,453,940 |
| Social security costs | 112,953 | 99,463 |
| Pension costs | 40,346 | 37,379 |
| 1,667,497 | 1,590,782 |
| The average weekly number of employees during the year was 83 (2021: 83). One e in excess off60,000 in the year (2021:One). |
The average weekly number of employees during the year was 83 (2021: 83). One e in excess off60,000 in the year (2021:One). |
The average weekly number of employees during the year was 83 (2021: 83). One e in excess off60,000 in the year (2021:One). |
mployee received |
remuneration |
|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME | AND ENDOWMENTS FROM | |||
| Donations | and legacies | 30,652 | 70,909 | 101,561 |
| Charitable | activities | |||
| Service contract income | 2,303,296 | 2,303,296 | ||
| Investment | income | 35,228 | 35,228 | |
| Total | 2,369,176 | 70,909 | 2,440,085 |
| 11. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | ||||||
| Unrestricted | Restricted | Total | ||||||
| funds | funds | funds | ||||||
| f. | ||||||||
| Charitable activities |
||||||||
| Wages, salaries, agency | fees and associated | |||||||
| costs | 1,617,262 | 38,574 | 1,655,836 | |||||
| Property running |
costs | 349,500 | 29,696 | 379,196 | ||||
| Residents activities and | allowances | 30,179 | 30,179 | |||||
| Depreciation and |
disposal charges | 5,335 | 5,335 | |||||
| Professional fees |
65,970 | 65,970 | ||||||
| Office administration | and running | costs | 259,440 | 2,639 | 262,079 | |||
| Total | 2,327,686 | 70,909 | 2,398,595 | |||||
| Net gains on investments | 167,399 | 167,399 | ||||||
| NET INCOME | 208,889 | 208,889 | ||||||
| RECONCILIATION | OFFUNDS | |||||||
| Total funds brought forward | 2,053,219 | 2,053,219 | ||||||
| TOTAL FUNDS | CARRIED FORWARD | 2,262,108 | 2,262,108 | |||||
| 12. | TANGIBLE FIXED | ASSETS | ||||||
| Improvements | Fixtures | |||||||
| Freehold | to | and | ||||||
| property | property | fittings | ||||||
| f. | E | |||||||
| COST | ||||||||
| At 1 April 2021 |
918,490 | 198,270 | 24,976 | |||||
| Additions | 25,545 | |||||||
| Disposals | ||||||||
| At 31March 2022 | 918,490 | 223,815 | 24,976 | |||||
| DEPRECIATION | ||||||||
| At 1 April 2021 | 117,599 | 24,976 | ||||||
| Charge for year | 5,886 | |||||||
| Eliminated on disposal |
||||||||
| At 31March 2022 | 123,485 | 24,976 | ||||||
| NET BOOKVALUE | ||||||||
| At 31March 2022 | 918,490 | 100,330 | ||||||
| At 31March 2021 | 918,490 | 80,671 |
| Notes for the |
to the Financial Statements -continued Year Ended 31March 2022 |
||||
|---|---|---|---|---|---|
| 12. | TANGIBLE FIXED ASSETS-continued | ||||
| Motor | Computer | ||||
| vehicles | equipment | Totals | |||
| E | |||||
| COST At 1 April 2021 Additions Disposals |
10,250 (1,250) |
7,047 | 1,151,986 32,592 (1,250) |
||
| At 31March 2022 | 9,000 | 7,047 | 1,183,328 | ||
| DEPRECIATION At 1 April 2021 Charge foryear Eliminated on disposal |
10,250 (1,250) |
834 | 152,825 6,720 (1,250) |
||
| At 31March 2022 | 9,000 | 834 | 158,295 | ||
| NET BOOK VALUE At 31March 2022 |
6,213 | 1,025,033 | |||
| At 31March 2021 | 999,161 | ||||
| 13. | FIXEDASSET INVESTMENTS | Listed | |||
| investments | |||||
| MARKET VALUE At 1April 2021 Additions Change in market value |
944,700 35,642 50,578 |
||||
| At 31March 2022 | 1,030,920 | ||||
| NET BOOK VALUE At 31March 2022 |
1,030,920 | ||||
| At 31March 2021 | 944,700 |
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade debtors | 155,453 | 214,502 | ||
| Prepayments and accrued |
income | 27,094 | 32,964 | |
| 182,547 | 247,466 | |||
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Bank loans and overdrafts | (see note 17) | 72,357 | ||
| Trade creditors | 28,627 | 47,604 | ||
| Social security and other | taxes | 27,926 | 35,115 | |
| Other creditors | 57,180 | 57,437 | ||
| 186,090 | 140,156 | |||
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2022 | 2021 | |||
| Bank loans (see note 17) | 838,222 | |||
| 17. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 2022 | 2021 | |||
| Amounts falling due within one year on demand: |
||||
| Bank loans | 72,357 | |||
| Amounts falling between |
one and two years: | |||
| Bank loans - 1-2years | 79,822 | |||
| Amounts falling due between two and five years: |
||||
| Bank loans - 2-5 years | 159,645 | |||
| Amounts falling due in more than five years: |
||||
| Repayable by instalments: |
||||
| Bank loans more 5 yr by instal | 598,755 |
| 2022 | 2021 | |
|---|---|---|
| Within one year Between one and five years |
129,874 308,832 |
86,340 285,300 |
| In more than five years | 201,667 | 226,875 |
| 640,373 | 598,515 |
| 2022 | 2021 |
|---|---|
| 910,579 |
| MOVEME | NT IN F | UNDS | |||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.22 | |||
| Unrestricted | funds | ||||
| General fund | 1,512,108 | 189,554 | 1,701,662 | ||
| Designated | property | fund | 750,000 | 750,000 | |
| 2,262,108 | 189,554 | 2,451,662 | |||
| TOTAL FUNDS | 2,262, 108 | 189,554 | 2,451,662 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 2,630,897 | (2,491,921 ) | 50,578 | 189,554 | |
| TOTAL FUNDS | 2,630,897 | (2,491,921 ) | 50,578 | 189,554 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.4.20 | in funds | 31.3.21 | |||
| Unrestricted | funds | ||||
| General fund | 1,303,219 | 208,889 | 1,512,108 | ||
| Designated | property | fund | 750,000 | 750,000 | |
| 2,053,219 | 208,889 | 2,262,108 | |||
| TOTAL FUNDS | 2,053,219 | 208,889 | 2,262,108 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 2,369,176 | (2,327,686) | 167,399 | 208,889 | |
| Restricted funds | |||||
| BCCCovid Grant | 70,909 | (70,909) | |||
| TOTAL FUNDS | 2,440,085 | (2,398,595) | 167,399 | 208,889 | |
| A current year 12months | and prior year 12months combined position | is as follows: | |||
| Net | |||||
| movement | At | ||||
| At 1.4.20 | in funds | 31.3.22 | |||
| Unrestricted funds |
|||||
| General fund Designated property |
fund | 1,303,219 750,000 |
398,443 | 1,701,662 750,000 |
|
| 2,053,219 | 398,443 | 2,451,662 | |||
| TOTAL FUNDS | 2,053,219 | 398,443 | 2,451,662 |
| follows: | |||||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 5,000,073 | (4,819,607 ) | 217,977 | 398,443 | |
| Restricted funds | |||||
| BCCCovid | Grant | 70,909 | (70,909) | ||
| TOTAL FUNDS | 5,070,982 | (4,890,516) | 217,977 | 398,443 |
| for the Year Ended 31 | March 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations Grants |
4,398 86,740 |
11,140 90,421 |
|
| 91,138 | 101,561 | ||
| Investment income |
|||
| Deposit account interest | 42 | 97 | |
| Dividends received |
35,642 | 35,131 | |
| 35,684 | 35,228 | ||
| Charitable activities |
|||
| Service contracts Other income |
2,494,185 9,890 |
2,297,721 5,575 |
|
| 2,504,075 | 2,303,296 | ||
| Total incoming resources |
2,630,897 | 2,440,085 | |
| EXPENDITURE | |||
| Other trading activities |
|||
| Bad debts | 8,355 | ||
| Charitable activities |
|||
| Wages Rent Premises and equipment |
1,438,228 120,279 160,143 |
1,375,676 117,627 139,244 |
|
| Holidays and activities Accommodation charges Provisions and clothing Residents' personal allowance |
18,678 78,137 40,995 22,213 |
11,810 79,652 42,460 24,557 |
|
| Agency costs Training Legal and professional Sundries |
fees | 33,629 8,264 22,436 10,694 |
38,171 3,509 14,111 10,191 |
| 1,953,696 | 1,857,008 | ||
| Support costs | |||
| Management | |||
| Wages Carried forward |
312,676 312,676 |
288,076 288,076 |
| Detailed Statement ofFinancial | Detailed Statement ofFinancial | Detailed Statement ofFinancial | Activities | ||
|---|---|---|---|---|---|
| for the Year Ended 31March 2022 | |||||
| 2022 | 2021 | ||||
| Management | |||||
| Brought forward | 312,676 | 288,076 | |||
| Training | 18,592 | 7,708 | |||
| Rent | 27,500 | 27,500 | |||
| Premises and equipment |
65,137 | 75,709 | |||
| Communication | 9,322 | 9,965 | |||
| Motor and travelling | expenses | 11,365 | 3,829 | ||
| Bank charges | 1,390 | 1,553 | |||
| Sundries | 29,031 | 45,224 | |||
| Advertising | 3,538 | 4,894 | |||
| Legal and professional | fees | 5,471 | 4,837 | ||
| 484,022 | 469,295 | ||||
| Finance | |||||
| Loss on sale oftangible | fixed | assets | (400) | ||
| Other | |||||
| Wages | 5,033 | 4,814 | |||
| Motor and travelling | expenses | 6,414 | 10,573 | ||
| Computer expenses |
19,411 | 37,593 | |||
| Legal and professional | fees | 4,491 | |||
| Sundries | 798 | 635 | |||
| Depreciation ofimprovements | to property | 6,721 | 5,335 | ||
| 38,377 | 63,441 | ||||
| Governance costs |
|||||
| Auditors' remuneration |
5,250 | 6,000 | |||
| Auditors' remuneration |
for non audit work | 2,621 | 2,851 | ||
| 7,871 | 8,851 | ||||
| Total resources expended | 2,491,921 | 2,398,595 | |||
| Net income | 138,976 | 41,490 |