##
|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|
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|||||||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|
##
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##
##
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##
##
##
##
##
##
||||||||||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|