2023-03-31-accounts

		Pages
Legal and Administrative	Information
Chair's Report
Chief Executive's Report
Report ofthe Board ofTrustees		6-10
Report ofthe Independent	Auditors	11-12
Statement of Financial Activities 2023		13
Statement of Financial Activities 2022		14
Balance Sheet		15
Cash Flow Statement		16
Notes forming part ofthe	Financial Statements	17-28

			Unrestricted	Restricted	Total Funds
		Notes	Funds	Funds	2023
					6
Income and endowments	from:
Donations and legacies			3,010		3,010
Charitable activities			1,123,866	52,363	1,176,229
Investments			22,185		22,185
Total			1,149,061	52,363	1,201,424
Expenditure on:
Charitable activities			1,168,610	65,216	1,233,826
Fundraising			1,155		1,155
Total			1,169,765	65,216	1,234,981
Net (loss) on investments			(44,171)		(44,171)
Net income/(expenditure)			(64,875)	(12,853)	(77,728)
Other recognised losses:
Actuarial gain on defined	benefit pension
schemes		15	1,138,000		1,138,000
Net movement in funds			1,073,125	(12,853)	1,060,272
Reconciliation offunds:
Total funds brought forward	at 1 April 2022		1,454,931	55,861	1,510,792
Total funds carried forward at 31 March 2023			2,528,056	43,008	2,571,064

			Unrestricted	Restricted	Total Funds
		Notes	Fundsf	Fundsf	2022f
Income and endowments	from:
Donations and legacies			1,885		1,885
Charitable activities			1,008,417	53,857	1,062,274
Investments			21,522		21,522
Total			1,031,824	53,857	1,085,681
Expenditure on:
Charitable activities			1,100,850	52,397	1,153,247
Total			1,100,850	52,397	1,153,247
Net gain on investments			35,182		35,182
Net income/(expenditure)			(33,844)	1,460	(32,384)
Other recognised gains:
Actuarial gain on defined	benefit pension
schemes		15	376,000		376,000
Net movement in funds			342,156	1,460	343,616
Reconciliation offunds:
Total funds brought forward	at 1 April 2021		1,112,775	54,401	1,167,176
Total funds carried forward at 31 March 2022			1,454,931	55,861	1,510,792

			2023			2022
		Notes
FIXEDASSETS
Tangible assets		8	1,588,388		1,632,261
Investments		9	661,287		690,116
				2,249,675			2,322,377
CURRENT ASSETS
Debtors		10	34,320		20,230
Cash at bank and	in hand		638,856		573,345
			673,176		593,575
CREDITORS:
Amounts falling	due within one year	11	(82,787)		(63,160)
Net current assets before pension scheme deficit				590,389			530,415
Net assets before pension scheme deficit				2,840,064			2,852,792
Pension scheme	deficit	15		(269,000)			(1,342,000)
Net assets aRer	pension scheme deficit			2,571,064			1,510,792
FUNDS
Restricted funds				43,008			55,861
Unrestricted funds
Designated	Funds			760,611			(344,377)
General Funds				1,767,445			1,799,308
				2,571,064			1,510,792

							2023	2022
						Notes	8
Cash generated from operating			activities				59,856	23,915
Cash flows from investing		activities
Interest income							665	(82)
Investment income							6,178	5,699
Purchase offixed assets							(1,188)	(11,447)
Cash provided by investing		activities					5,655	(5,810)
Increase in cash and cash	equivalents			in the	year		65,511	18,105
Cash and cash equivalents	at the		beginning		ofthe year		573,345	555,240
Total cash and cash equivalents			at	the end ofthe year			638,856	573,345

INCOME	FROM INVES	TM	ENTS
				Unrestricted	Restricted	Total	Total
				Funds	Funds K	2023 f	2022f
Investment	income			20,237		20,237	18,372
Gain/(loss)	from sale of investments			1,283		1,283	3,212
Bank interest				665		665	(62)
				22,185		22,185	21,522
			2022	21,522		21,522
TOTAL RESOURCES		EXPENDED
				Direct		Total	Total
				Costs f	Governance	2023f	2022f
Salary mats				836,297	33,717	870,014	806,581
Agency staff				20,234		20,234	23,908
Premises	expenses			16,306		16,306	25,897
Repairs and improvements			to premises	65,999		65,999	53,515
Insurance				20,627		20,627	18,634
Provisions				17,412		17,412	12,651
Equipment	costs			3,428		3,428	1,089
Household	expenses			15,213		15,213	20,582
Medical expenses				3,528		3,528	5,513
Residents'	expenses			4,270		4,270	4,884
Residents'	counselling			3,241		3,241	2,589
Residents'	activities			6,409		6,409	6,581
Staff training				12,340		12,340	11,191
Recruitment costs				5,051		5,051	1,101
Staff travel	and expenses			4,661		4,661	4,061
Residents'	travel expenses			1,257		1,257	100
Telephone	and fax costs			1,104		1,104	952
Stationery	and postage			6,229		6,229	5,770
Bank charges				142		142	164
Finance costs (pension)				65,000		65,000	75,000
Sundry expenses				1,171		1,171	779
Legal and	professional	fees		30,140		30,140	19,068
Audit and	accountancy	fees			9,000	9,000	6,900
Charity and trustees expenses					3,178	3,178	1,502
Marketing	and advertising		costs	2,017		2,017	287
Depreciation				45,061		45,061	43,369
Activity fund				794		794	579
Fundraising	costs			1,155		1,155	579
				1,189,086	45,895	1,234,981	1,153,247
Governance costs				45,895	(45,895)
				1,234,981		1,234,981	1,153,247
			2022	1,122,458	30,789	1,153,247
				30,789	(30,789)
				1,153,247		1,153,247

EXPENDITURE
					2023	2022
Net income is stated affer charging:					E	6
Depreciation					45,061	43,369
Pension costs					63,476	62,956
Audit fees					9,000	6,900
Trustees' expenses					3,178	1,502
STAFF COSTS
					2023	2022
					E	6
Wages and salaries					741,086	685,364
Social security costs					65,452	58,261
Superannuation costs					63,476	62,958
					870,014	806,581
Agency staff					20,234	23,908
					890,248	830,489
					No.	No.
The average number	of employees	during the year was:			32	29
The average number	of FTEemployees		during the year was:		19	18
					No,	No.
Number ofemployees'	whose employee		benefits (excluding	employer
pension costs) totalled:
260,000 - E70,000
670,000 - E80,000

8	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	Computer	Freehold	Fixtures 8
				Equipment	Property	Fittings	Total
				K	8	E	6
	CostNaluation
	At 1 April 2022			1,529	1,660,000	84,273	1,745,802
	Additions					1,188	1,188
	As at 31 March	2023		1,529	1,660,000	85,461	1,746,990
	Depreciation
	At 1 April 2022			1,529	63,083	48,929	113,541
	Charge for the year				29,115	15,946	45,061
	As at 31 March	2023		1,529	92,198	64,075	158,002
	Net Book Value
	As at 31 March	2023			1,567,802	20,586	1,588,388
	At 31March 2022				1,596,917	35,344	1,632,261
	Historical cost						839,193
9	FIXEDASSET	INVESTMENT
						2023	2022
	Quoted Investments					6	E
	Market Value:
	At 1 April 2022					690,116	639,049
	Income reinvested					19,855	18,500
	Unrealised	investment	gain/(lass)			(44,171)	35,182
	Gain/(loss)	from sale	of investments			1,283	3.212
	Fees					(5,795)	(5,827)
	At 31 March	2023				661,288	690,116
	Historical cost					582,533	572,520

9	FIXEDASSET INVESTMENT		(CONTINUED)
										2023f	2022f
	Shares are held in:
	Smith &Williamson	- Bonds Government					- Index Linked			9,656	11,494
	Smith & Williamson	- Bonds Fund								87,864	70,187
	Smith 8 Williamson	—Alternatives								29,790	33,960
	Smith & Williamson	- Property								70,483	80,825
	Smith 8 Williamson	- Equities	United			Kingdom				161,336	173,899
	Smith & Williamson	—Equities	Global							285,360	290,684
	Smith &Williamson	-Cash								16,799	29,067
10	DEBTORS
										2023f	2022
	Prepayments									29,480	15,901
	Other debtors									4,840	4,329
										34,320	20,230
11	CREDITORS: AMOUNTS DUE			WITHIN			ONE		YEAR
										2023 f	2022f
	Trade creditors									25,306	14,269
	Accruals									11,368	9,702
	Social security costs	and other	taxes							15,872	14,392
	Other creditors									30,241	24,797
										82,787	63,160
12	FINANCIAL INSTRUMENTS
										2023f	2022
	Financial instruments	included	within			the	accounts comprise:
	Financial assets	measured		at	amortised			cost		673,176	593,575
	Financial liabilities measured				at amortised				cost	(82,787)	(63,160)

Movement in Fund		s -	Curr	e	n	t year
								Unrestricted	Designated	Restricted		Total
								Funds	Funds	Funds		Funds
								6	6	5		6
At 1 April 2022								1,799,308	(344,377)	55,861		1,510,792
Incoming resources								1,148,561	500	52,363		1,201,424
Outgoing resources								(1,093,549)	(76,216)	(65,216)		(1,234,981)
Realised/unrealised		investment				gain		(44,171)				(44,171)
Actuarial gain								1,138,000				1,138,000
Transfers								(1,180,704)	1,180,704
Balance at 31 March 2023								1,767,445	760,611	43,008		2,571,064
							Restated
							Balance at	Incoming	Outgoing	Transfers	&	Balance at
							1 April 2022	Resources	Resources	Gains/(Losses)		31 March 2023
							5	6	6	6		6
Restricted funds
Activity Fund							253	754	(794)			213
Counselling Fund							8,713		(3,241)			5,472
Counselling- Oxfordshire				Fund			151					151
Cookery Fund							2,750		(116)			2,634
Substance Misuse		Worker			Fund		35,796		(23,333)			12,463
Charles Hayward		Foundation
Housing and Link		Worker			Fund		8,198	24,000	(24,553)			7,645
Berkshire Community			Foundation
Outreach Worker		Fund						5,000	(5,000)
Berkshire Community			Foundation
Therapeutic Gardener			Fund					5,000				5,000
World Day of Prayer			Outreach
Worker Fund								8,179	(8,179)
Banham Foundation			Counselling
Fund								9,430				9,430
Total		restricted				funds	55,861	52,363	(65,216)			43,008
Unrestricted funds
Designated funds
Revaluation Fund							986,333			(15,296)		971,037
Capital Fund							8,297		(3,360)	50,000		54,937
AP Development	Fund						1,563		(1,563)
Resident Pathways		Fund					1,430		(1,430)
Mary Phillips Resettlement					Fund			500	(4,863)	8,000		3,637
Pension Fund							(1,342,000)		(65,000)	1,138,000		(269,000)
Total designated					funds		(344,377)	500	(76,216)	1,180,704		760,611
General funds							1,799,308	1,148,561	(1,093,549)	(86,875)		1,767,445
Total unrestricted						funds	1,454,931	1,149,061	(1,169,765)	1,093,829		2,528,056
							1,510,792	1,201,424	(1,234,981)	1,093,829		2,571,064

Movement in Fun	ds	- Prio	r	y	ear
									Unrestricted	Designated	Restricted	Total
									Funds f	Funds	Funds f	Fundsf
At 1April 2021									1,729,201	(616,426)	54,401	1,167,176
Incoming resources									1,031,312	512	53,857	1,085,681
Outgoing resources									(1,011,683)	(89,167)	(52,397)	(1,153,247)
Realisedlunrealised		investment			gains				35,182			35,182
Actuarial gain									376,000			376,000
Transfers									(360,704)	360,704
Balance at 31March 2022									1,799,308	(344,377)	55,861	'I,510,792
								Restated			Transfers	Restated
								Balance at	Incoming	Outqoinq	8, Gainsl	Balance at
								1April 2021 f	Resources f	Resources	(Losses) f	31March 2022
Restricted funds
Activity Fund								225	607	(579)		253
Counselling Fund								7,052	4,250	(2,589)		8,713
Counselling- Oxfordshire			Fund					151				151
Cookery Fund								2,750				2,750
Substance Misuse		Worker		Fund				31,851	25,000	(21,055)		35,796
Charles Hayward		Foundation			Housing
and Link Worker	Fund							7,998	24,000	(23,800)		8,198
National Lottery	Community				Fund			4,374		(4,374)
		Total	restricted				funds	54,401	53,857	(52,397)		55,861
Unrestricted funds
Designated funds
Revaluation Fund								1,001,629			(15,296)	986,333
Capital Fund								15,884		(7,587)		8,297
AP Development	Fund							1,563				1,563
Resident Pathways		Fund						5,573		(4,143)		1,430
Mary Phillips Resettlement				Fund				1,925	512	(2,437)
Pension Fund								(1,643,000)		(75,000)	376,000	(1,342, 000)
	Total designated					funds		(616,426)	512	(89,167)	360,704	(344,377)
General funds								1,729,201	1,031,312	(1,011,683)	50,478	1,799,308
	Total unrestricted						funds	1,112,775	1,031,824	(1,100,850)	411,182	1,454,931
								1,167,176	1,085,681	(1,153,247)	411,182	1,510,792

AN Net	ALYSIS OF NET ASSETS BET Assets - Current year	WEEN FUNDS
		Unrestricted	Designated	Restricted	Total
		Fundsf	Funds 8	Funds E	Funds E
	Fixed assets	617,351	971,037		1,588,388
	Investments	661,287			661,287
	Net current assets	757,807	(210,426)	43,008	590,389
	Pension scheme deficit	(269,000)			(269,000)
		1,767,445	760,611	43,008	2,571,064
Net	Assets - Prior year
		Unrestricted	Designated	Restri cted	Total
		Funds	Funds	Funds	Funds
			8
	Fixed assets	645,928	986,333		1,632,261
	investments	690,116			690,116
	Net current assets	1,805,264	(1,330,710)	55,861	530,415
	Pension scheme deficit	(1,342,000)			(1,342,000)
		1,799,308	(344,377)	55,861	1,510,792

The movement in value ofthe pension deficit has been	fully reflected within the actuarial loss o	n the scheme.
	2023	2022
Assumptions
Salary increase	3.90%	4.15%
Pension increases (CPI)	2.90%	3.15%
Discount rate	4.80%	2.60%

PENSIONS (CONTINUED)
Fair Value ofAssets					2023 f'000	2022 ft)00
Public Equities					835		800
Private Equities					205		252
Infrastructure					228		213
Real Estate					209		203
Credit					241		279
Longevityinsurance					(86)	(109)
Cash					25		40
Total					1,657	1,678
Net Pension Liability
Estimated employer assets					1,657	1,678
Present value ofscheme	liabilities				(1,926)	(3,020)
Net Pension Liability					(269)	(1,342)
The reconciliation ofassets was:
Opening fair value ofassets					1,678	1,465
Interest on assets					43		30
Return on assets (less interest)					(41)		173
Administrative expenses					(2)		(f)
Contributions by employer					44		43
Contributions by scheme	participants				12		13
Estimated benefits paid net oftransfers				in	(70)		(45)
Other actuarial (losses)/gains					(7)
Fair value ofassets carried forward					1,657	1,678
The reconciliation of liabilities	was:
Opening scheme liabilities					(3,020)	(3,	108)
Current service cost					(72)		(84)
Interest cost					(78)		(63)
Change in financial assumptions					1,485		210
Contributions by scheme	participants				(12)		(13)
Estimated benefits paid net oftransfers				in	70		45
Change in demographic assumptions					10
Experience (loss)/gain on	defined		benefit obligation		(309)		(7)
Past service costs, including		curtailments
Present value ofscheme	liabilities				(1,926)	(3,020)

		2023 f'000	2022 fTI00
Actuarial	Gain in Scheme	1,138	376
History	ofexperience gains and losses
Defined	Benefit Obligation	(1,926)	(3,020)
Scheme	Assets	1,657	1,678
Deficit		(269)	(1,342)

RECONCILIATION	OF N	ET INCOMI	NG RESO	URCES TO	NET CASH INF	LOWS FROM OPER	ATIONS
						2023f	2022f
Net (expenditure)/income		(as per the	statement	of financial	activities)	(77,728)	(32,384)
Depreciation charge						45,061	43,369
Unrealised (loss)/gain on		investments				44,171	(35,182)
Investment income	shown	in investing	activities			(22,185)	(21,522)
(Increase)/decrease	in debtors					(14,090)	12,613
Increase/(decrease)	in creditors					19,627	(17,979)
Add back defined pension		scheme charges				65,000	75,000
Net cash provided	in operating activities					59,856	23,915