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|||Page|Page||
|---|---|---|---|---|
|Reference and Administrative<br>Details|||||
|Report ofthe Trustees||2|to|5|
|Report ofthe Independent<br>Auditors||6|to|9|
|Statement ofFinancial|Activities||10||
|Statement ofFinancial|Position||||
|Statement ofCash Flows|||12||
|Notes to the Statement|ofCash Flows||13||
|Notes to the Finandal|Statements|14|to|24|
|Detailed Statement of|Financial Activities|25|io|26|





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|||||||||
|---|---|---|---|---|---|---|---|
|TRUSTEES|MrKSDonaldson|||||||
||Mr GBendon|||||||
||MrIM Steel|||||||
||Mr MFoster|||||||
||Mr C Galbraith|Chairman||||||
||Mrs SM Parsons (resigned|||||1/1/2022)||
||Mrs SPhillips|||||||
||Mrs A Wing|||||||
||Cllr APahnore|(resigned|||1/1/2022)|||
||CllrJBacon|||||||
||DrPLock|||||||
||MrJBilsby|||||||
||RevP Hunt|||||||
||Mrs JCubison|||||||
||Cllr DLouise (resigned|||5/5/2021)||||
||Mr MBoles (appointed|||13/1/2022)||||
|PRINCIPAL ADDRESS|Old Hastings House|||||||
||132High Street|||||||
||Hastings|||||||
||Bast Sussex|||||||
||TN34 3ET|||||||
|REGISTERED CHARITY|1158933|||||||
|NUMBER||||||||
|AUDITORS|Acuity Professional||Partnership||||LLP|
||Unit 2.02|||||||
||High Weald House|||||||
||Glovers End|||||||
||Bexhill|||||||
||Bast Sussex|||||||
||TN39 5ES|||||||
|TRUSTEESEMERITUS|A Slack|||||||
||GRDKellie|||||||
||CRMorris (until|his|death||on||6th November 2021)|





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes|||||
|INCOME|AND ENDOWMENTS FROM||||||||
|Donations|and legacies|||2|176,439|292486|469,025|187,029|
|Charitable|activities||||||||
|Residential|Home fees||||1,725,469||1,725,469|1,859,058|
|Invesnnent|income|||3|3732||3,732|3,578|
|Other income|||||37,826||37,826|37,745|
|Total|||||I„tt43,466|292486|2436,052|2,087,410|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Residential|Home Running||Costs||1,925,946|837|1,926,783|1,900,654|
|Other expenditure|||||88,718||88,718|89,041|
|Total|||||2,014,664|837|2,015401|1,989,695|
|Net gains|on investments||||73,734|10,756|84,490|164,028|
|NET INCOME|||||2,536|302,505|305,041|261,743|
|RECONCILIATION||OF|FUNDS||||||
|Total funds brought||forward|||3,617,049|161,934|3,778,983|3,517,240|
|TOTAL FUNDS CARRIED FORWARD|||||3,619,585|464,439|4,084,024|3,778,983|





## 

|||2022|2021|
|---|---|---|---|
||Notes|||
|FIXEDASSETS||||
|Tangible assets||3,130,053|2,650,709|
|Investments||||
|Investments|12|843,156|758,666|
|Investment<br>properly|13|227400|227,500|
|||4,200,709|3,636,875|
|CURRENT ASSETS||||
|Stocks|14|6,000|6,000|
|Debtors|15|135,468|197,600|
|Cash at bank||9,760|36,202|
|||151428|239,$02|
|CREDITORS||||
|Amounts<br>falling due within one year|16|(267,913)|(97,694)|
|NET CURRENT ASSETS||(116,685)|142,108|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||4,084,024|3,77$,983|
|NET ASSETS||4,084,024|3,778,9$3|
|FUNDS|18|||
|Unrestricted<br>funds:||||
|General fund<br>Restricted funds:||3,619,585|3,617,049|
|Honor Cooper<br>EMI Suite Extension||171Jt53<br>292486|161,934|
|||464,439|161,934|
|TOTAL FUNDS||4,084,024|3,778,983|



## 



## 

||||2022|2021|
|---|---|---|---|---|
|||Notes|8||
|Cash flows from operating|activities||||
|Cash generated<br>from operations|||463,548|85,166|
|Net cash provided<br>by operating<br>activities|||463,548|85,166|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(493,722)|(76,343)|
|Dividend /+tercet k Rent fiom investment|||3,732|3,578|
|Net cash used in investing<br>activities|||(489,990)|(72,765)|
|Cash llows from financing|activities||||
|Loan repayments<br>in year||||(45,000)|
|Net cash provided<br>by/(used|in) financing|activities||(45,000)|
|Change in cash and cash|equivalents|in|||
|the reporting period|||(26,442)|(32,599)|
|Cash and cash equivalents|at the||||
|beginning<br>ofthe reporting|period||36402|68,801|
|Cash and cash equivalents|at the end|of|||
|the reporting<br>period|||9,760|36,202|





## 

|RECONCILIATION|RECONCILIATION|RECONCILIATION|OFNET INCOME TONET CASH FLOW FROM|OFNET INCOME TONET CASH FLOW FROM|OPERATINGA~S|OPERATINGA~S|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Net Income|forthe|reporting||period (as per the Statement ofFinancial|||
|Activities)|||||305,041|261,743|
|Adjustments|for:||||||
|Depreciation|charges||||14,378|14,452|
|Gain on investments|||||(84,490)|(164,02$)|
|Dividend, Interest dt||Rent fiom||investment|(3,732)|(3,578)|
|Decrease in|debtors||||62,132|9,229|
|Increase/(decrease)||in|creditors||170419|(32,652)|
|Net cash provided||by|operations||463448|85,166|
|ANALYSIS|OF CHANGES IN NET FUNDS||||||
|||||At 1.4.21|Cash flow<br>f|At31.3.22|
|Net cash|||||||
|Cash at bank||||36402|(26,442)|9,760|
|||||36402|(26vt42)|9,760|
|Total|||||(269442)|9,760|





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|||||2022|2021|
|---|---|---|---|---|---|
|Donations||||344497|2,692|
|Government|Grants|re|COVID|124,628|184,337|
|||||469i025|187,029|



## 

|Grants receiv|ed, included<br>in the above, are as follows:|||
|---|---|---|---|
|||2022|2021|
|||8||
|Comnavirus|SSPRebate Scheme|4439||
|Other grants||120489|184,337|
|||124,628|184,337|
|INVESTMENT INCOME||||
|||2022|2021|
|||8|8|
|Interest received||3732|3,578|





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||||Activity|||2022f|2021f|
|---|---|---|---|---|---|---|---|
||Residential|home fees|Residential|Home fees||1,725,469|1,859,058|
|5.|CHARITABLE ACTIVITIES COSTS|||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 6)|Totals|
||||||6|||
||Residential<br>Home Running<br>Other expenditure||Costs||1 rt26,783<br>14478|74440|1,926,783<br>88,718|
||||||1+41,161|74440|2,015,501|
|6.|SUPPORT|COSTS||||||
|||||||Governance||
|||||Finance<br>f|Other<br>f|costs<br>f|Totals|
||Other expenditure|||2,157|64,839|7)344|74440|



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|STAFFCOSTS|||||
|---|---|---|---|---|
||||2022|2021|
||||8||
|Wages and salaries<br>Other pension costs|||1,542,368<br>48493|1,475,150<br>46,681|
||||1,590,661|1,521,831|
|The average monthly|number ofemployees|during the year was as follows:|||
||||2022|2021|
|Care and domestic staff<br>Administration<br>and management|||87<br>3|87<br>3|
||||90|90|



## 

|The charity operates a pens<br>to all qualifying<br>employees.|The charity operates a pens<br>to all qualifying<br>employees.|ion scheme managed<br>by Source Pensions<br>and the adminis|ion scheme managed<br>by Source Pensions<br>and the adminis|tration<br>is mana|ged<br>by Prism|
|---|---|---|---|---|---|
|COMPARATIVES FOR||THE STATEMENT OF FINANCIAL ACTIVITIES||||
||||Unrestricted|Rsstrtcted|Total|
||||fund|funds|funds|
||||8|||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies||185,336|1,693|187,029|
|Charitable|activities|||||
|Residential|Home fees||1,859,058||1,859,058|
|Investment|income||2,675|903|3,578|
|Other income|||37,745||37,745|
|Total|||2,084,814|2,596|2,087,410|
|EXPENDITURE ON||||||
|Charitable<br>activities<br>Residential<br>Home Running<br>Other expenditure||Costs|1,899,600<br>89,041|1,054|1,900,654<br>89,041|
|Total|||1,988,641|1,054|1,989,695|





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|2|FIXEDASSET INVEST|MENTS|||
|---|---|---|---|---|
|.||||Listed|
|||||investments|
|||||f|
||Market value||||
||At 1April 2021<br>Revaluations|||758,666<br>$4,490|
||At 31March 2022|||843,156|
||Net book value<br>At 31March 2022|||843,156|
||At 31March 2021|||758,666|
||There were no investment|assets outside the UK.|||
||Cost or valuation<br>at 31March 2022 is represented||by:||
|||||Listed|
|||||investments|
|||||8|
||Valuation<br>in 2021<br>Valuation<br>in 2022|||758,665<br>$4,491|
|||||843,156|
|13.|INVKSTMKNT PROPERTY||||
||Fair value||||
||At I April 2021<br>and 31March 2022|||227,500|
||Net book value<br>At 31March 2022|||227400|
||At 31March 2021|||227,500|





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|14.|STOCKS||||
|---|---|---|---|---|
||||2022|2021|
||Stockofprovisions|and cleaning|f.<br>6,000|8<br>6,000|
|15.|DEBTORSl AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2022|2021|
|||||8|
||Trade debtors<br>Prepayments<br>and other debtors<br>Accrued income||38,251<br>10,048<br>87,169|80,357<br>12,679<br>104,564|
||||135rt68|197,600|
|16.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2022|2021|
||||8|8|
||Trade creditors<br>Other creditors<br>Resident' fees paid in advance<br>Accruals<br>and deferred income||156,033<br>33889<br>64,406<br>13,485|32,461<br>10,449<br>42,582<br>12,202|
||||267,913|97,694|




## 

|ANALYSIS OF NET ASSETS|BETWEEN FUNDS||||
|---|---|---|---|---|
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||fund|funds|funds|funds|
|||5||8|
|Fixed assets|3,130,053||3,130,053|2,650,709|
|Investments|935468|13548$|1,070,656|986,166|
|Current assets|(177,822)|3291050|15142$|239,802|
|Current liabilities|(267,914)|I|(267,913)|(97,694)|
||3,619,585|464,439|4,084,024|3,778,983|





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|MOVEMENT|IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.4.21|in funds|31.3.22|
|||||8||8|
|Unrestricted<br>funds|||||||
|General fund||||3,617,049|2,536|3,619,585|
|Restricted funds|||||||
|Honor Cooper<br>EMI Suite Extension||||161,934|9,919<br>292,586|171453<br>292486|
|||||161,934|302,505|464,439|
|TOTAL FUNDS||||3,778,983|305,041|4,084,024|
|Net movement|in funds, included||in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||||8|f.|
|Unrestricted|funds||||||
|General fund|||1,943,466|(2,014,664)|73,734|2,536|
|Restricted funds|||||||
|Honor Cooper<br>Ehtl Suite Extension|||292,586|(837)|10,756|9)919<br>292,586|
||||292,586||10,756|302,505|
|TOTAL FUNDS|||2436,052|(2,015401)|84,490|305,041|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At L4.20|in funds|31.3.21|
|Unrestricted|funds||||||
|General fund||||3,395,901|221,148|3,617,049|
|Restricted funds|||||||
|Honor Cooper||||121,339|40,595|161,934|
|TOTAL FUNDS||||3,517,240|261,743|3,778,983|





## 

||||Incomiag|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||8||||
|Unrestricted|funds||||||
|General fund|||2,084,814|(1,988,641)|124,975|221,148|
|Restricted funds|||||||
|Honor Cooper|||2,596|(1,054)|39,053|40,595|
|TOTAL FUNDS|||2,087,410|(1,989,695)|164,028|261,743|
|A current year|12months|and prior year 12months|combined|position is as follows:|||
||||||Net||
||||||movement|At|
|||||At 1.4.20|in funds|31.322|
|Unrestricted|funds||||||
|General fund||||3,395,901|223,684|3619,585|
|Restricted funds|||||||
|Honor Cooper<br>EMI Suite Extension||||121,339|50,514<br>292,586|171,853<br>292,586|
|||||121,339|343,100|464,439|
|TOTAL FUNDS||||3,517,240|566,784|4,084,024|



|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||||8||
|Unrestricted|funds|||||
|General fund||4,028,2$0|(4,003,305)|198,709|223,6$4|
|Restricted funds||||||
|Honor Cooper<br>EMI Suite Extension||2,596<br>292,586|(1,891)|49,809|50,514<br>292,586|
|||295,1$2|(1,891)|49,$09|343,100|
|TOTAL FUNDS||4,323,462|(4,005,196)|24$,518|566,784|





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||2022|2021|
|---|---|---|
||8||
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Donations<br>Government<br>Grants re COVID|344@97<br>124,628|2,692<br>184,337|
||469,025|187,029|
|Investment<br>income|||
|Interest received|3.732|3,578|
|Charitable<br>activities|||
|Residential<br>home fees|1,725,469|1,859,058|
|Other income|||
|Non resident's<br>meals|70|85|
|Resident's<br>fundraising<br>MAL contribution<br>OHB payroll contribution<br>MdcL contribution<br>OHH office costs<br>Other income|1,002<br>19,978<br>10,441<br>60|454<br>19,548<br>10,368<br>40|
|Income fiom 4 Old London Road|6,275|7,250|
||371826|37,745|
|Total incoming resources|2436,052|2,087,410|
|EXPENDITURE|||
|Charitable<br>activities|||
|Wages and social security cost<br>Pension contributions<br>Water<br>Insurance<br>Light and heat<br>Telephone<br>and internet<br>Provisions<br>and cleaning materials<br>Medical Expenses|1,498874<br>48493<br>11427<br>25,662<br>44,539<br>2,538<br>95,416<br>370|1,429,109<br>46,681<br>18,514<br>11,733<br>43,431<br>2,135<br>100,643<br>202|
|Resident's<br>comforts<br>Health and safety expense<br>Cleaning<br>and waste disposal<br>Garden expenses<br>Registration<br>fee and subscriptions<br>Property repairs and maintenance<br>Carried forward|8,439<br>16,669<br>39,192<br>$,987<br>9,984<br>53,847<br>1,863437|6,837<br>14,334<br>50,228<br>6,841<br>17,000<br>103,044<br>1,850,732|





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|||2022|2021|
|---|---|---|---|
|Charitable<br>activities||||
|Brought forward<br>Council tax||1,863,637<br>4,352|1,850,732<br>2,058|
|Motor expenses<br>Minibus costs||1,697<br>1,607|1,333<br>812|
|Repairs and renewals<br>Legal fees<br>Other staffcosts including<br>training<br>Residents'<br>outings<br>and comfort<br>Fixtures and fittings<br>Motor vehicles||26,181<br>6,825<br>21,647<br>837<br>12)672<br>1,706|22,853<br>760<br>21,052<br>1,054<br>12,178<br>2,274|
|||1,941,161|1,915,106|
|Support costs||||
|Finance||||
|Bank charges||2,157|2,212|
|Other||||
|Wages and social security<br>Postage and stationery<br>Advertising<br>Computer<br>running<br>costs||43,994<br>8,981<br>913<br>10„)151|46,041<br>10,297<br>124<br>8,715|
|||64dt39|65,177|
|Governance<br>costs||||
|Auditors'<br>remuneration||7,344|7,200|
|Total resources expended||2,015)501|1,989,695|
|Net income||220451|97,715|