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|||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|
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||||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|
##
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||||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|
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|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||
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|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|||||||
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|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|
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|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)|
##
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|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|
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|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|
##