| Reference aud Administrative | Reference aud Administrative | Details | |||
|---|---|---|---|---|---|
| Report ofthe Trustees | 2 | to | 5 | ||
| Report ofthe Independent 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 Financial | Statements | 14 | to | 25 | |
| Detailed Statement of | Financial | Activities | 26 | to | 27 |
| TRUSTEES | TRUSTEES | Mr K SDonaldson | Mr K SDonaldson | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mr G Bendon | ||||||||||||||
| Mr IM Steel | ||||||||||||||
| Mr M Foster | ||||||||||||||
| Mr C Galbratth | Chairman | |||||||||||||
| Mrs SPhillips | ||||||||||||||
| Mrs A Wing | ||||||||||||||
| Cllr JBacon | ||||||||||||||
| Dr PLock | ||||||||||||||
| Mr JBilsby | ||||||||||||||
| Rev PHunt (resigned 27/10/2022) | ||||||||||||||
| Mrs I Cubison | (resigned | 30/4/2023) | ||||||||||||
| Mr M Boles | ||||||||||||||
| Cllr PPragnell | (appointed | 24/4/2022) | ||||||||||||
| Rev M Phipps (appointed | 11/9/2023) | |||||||||||||
| PRINCIPAL | ADDRESS | Old Hastings House | ||||||||||||
| 132High Street | ||||||||||||||
| Hastings | ||||||||||||||
| East Sussex | ||||||||||||||
| TN34 3ET | ||||||||||||||
| REGISTERED CHARITY | 1158933 | |||||||||||||
| NUMBER | ||||||||||||||
| AUDITORS | Acuity Professional | Partnership | LLP | |||||||||||
| Unit 2.02High | Weald House | |||||||||||||
| Glovers End | ||||||||||||||
| Bexhill | ||||||||||||||
| East Sussex | ||||||||||||||
| TN39 5ES | ||||||||||||||
| TRUSTEES | EMERITUS | A Slack | ||||||||||||
| GRD Kellie | ||||||||||||||
| The Trustees | were appointed | pursuant | to | the | scheme ofthe Charity | Commissioners | dated 2$ December | 1951.The | ||||||
| Board ofTrustees is authorised | to appoint | new Trustees to 611vacancies | among | the | co-optative | Trustees. Up | to three | |||||||
| Trustees are | nominated | by Hastings | Borough | Council. The Rector (Priest-in-Charge) | and the churchwardens | for the | ||||||||
| time being ofthe Parish | ofStClement tk All Saints are appointed ex-offtcio |
Trustees. |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | 8 | 8 | ||||||
| INCOME | AND | ENDOWMENTS FROM | ||||||
| Donations | and legacies | 2 | 2,725 | 499,883 | 502,608 | 469,025 | ||
| Charitable | activities | |||||||
| Residential | Home | fees | 1,684,002 | 1,684,002 | 1,725,469 | |||
| Investment | income | 3 | 4,227 | 4,227 | 3,732 | |||
| Other income | 40,365 | 40,365 | 37,826 | |||||
| Total | 1,731,319 | 499i883 | 2,231,202 | 2,236,052 | ||||
| EXPENDITURE | ON | |||||||
| Charitable | activities | 5 | ||||||
| Residential | Home | Running | Costs | 2,007,655 | 800 | 2,008,455 | 1,926,783 | |
| Other expenditure | 99,976 | 99i976 | 88,718 | |||||
| Total | 2,107,631 | 800 | 2,108,431 | 2,015,501 | ||||
| Net gains/(losses) | on investments | (20,495) | (5,123) | (25,618) | 84,490 | |||
| NKT INCOME/(EXPENDITURE) | (396,807) | 493,960 | 97,153 | 305,041 | ||||
| RECONCILIATION OFFUNDS | ||||||||
| Total funds | brought forward |
3,619,585 | 464,439 | 4,084,024 | 3,778,983 | |||
| TOTAL FUNDS | CARRIED FORWARD | 3422,778 | 958,399 | 4,1S1,177 | 4,084,024 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | 8 | 8 | |
| FIXEDASSETS | |||
| Tangible assets | 3,559,314 | 3,130,054 | |
| Investments | |||
| Investments | 12 | 237,538 | 843,156 |
| Investment property |
13 | 227,500 | 227,500 |
| 4,024,352 | 4,200,710 | ||
| CURRENT ASSETS | |||
| Stocks | 14 | 6,000 | 6,000 |
| Debtors | 15 | 256,480 | 135,468 |
| Cash at bank | 20,827 | 9,760 | |
| 283,307 | 151,228 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (126,482) | (267,914) |
| NET CURRENT ASSETS | 156,825 | (116,686) | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 4,181,177 | 4,084,024 | |
| NET ASSETS | 4,181,177 | 4,084,024 | |
| FUNDS | 18 | ||
| Unrestricted funds: |
|||
| General fund |
3,222,778 | 3,619,585 | |
| Restricted funds: | |||
| Honor Cooper | 165,930 | 171,853 | |
| EMI Suite Extension | 792,469 | 292,586 | |
| 958,399 | 464,439 | ||
| TOTAL FUNDS | 4,181,177 | 4,084,024 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | 8 | f. | |||
| Cash flows from operating | activities | ||||
| Cash generated I'rom operations |
I | (130,900) | 463,548 | ||
| Net cash (used in)/provided | by operating | activities | (130,900) | 463,548 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets | (442460) | (493,722) | |||
| Sale offixed asset investments | 580,000 | ||||
| Dividend, Interest k Rent &om investment | 4427 | 3,732 | |||
| Net cash provided by/(used |
in) investing | activities | 141,967 | (489,990) | |
| Change in cash and cash equivalents | in | ||||
| the reporting period |
11,067 | (26,442) | |||
| Cash and cash equivalents | at the | ||||
| beginning oftbe reporting |
period | 9,760 | 36,202 | ||
| Cash and cash equivalents | atthe end | of | |||
| the reporting period |
20,827 | 9,760 |
| RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM | RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM | RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM | RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM | OPERATING | ACTIVITIES |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | |||||
| Net income | for the reporting | period (as per the Statement of | |||
| Financial Activities) | 97,153 | 305,041 | |||
| Adjustments | for: | ||||
| Depreciation | chm ges | 13,000 | 14,378 | ||
| Losses/(gain) | on investments | 25,618 | (84,490) | ||
| Dividend, Interest dc Rent &om | investment | (4427) | (3,732) | ||
| (Increase)/decrease in debtors |
(121,012) | 62,132 | |||
| (Decrease)/increase in creditors |
(141,432) | 170,219 | |||
| Net cash (need in)/provided | by operations | (130,900) | 463,548 | ||
| ANALYSIS | OFCHANGES | IN NET FUNDS | |||
| At 1.4.22 | Cash tlow | At 31.3.23 | |||
| I | |||||
| Net cash | |||||
| Cash at bank | 9,760 | 11,067 | 20,827 | ||
| 9,760 | 11,067 | 20,827 | |||
| Total | 9,760 | 11,067 | 20,827 |
| Fixtures | and fittings | 7.5%on reducing | balance |
|---|---|---|---|
| Motor vehicles | 25%on reducing | balance | |
| Computer | equipment | 33%on cost |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 8 | f. | ||||
| Donations | 502,608 | 344,397 | |||
| Government | Grants | re | COVID | 124,628 | |
| 502,608 | 469,025 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Coronavirus | SSPRebate Scheme | 4,239 | |
| Other grants | 120,389 | ||
| 124,628 |
| 3. | INVESTMENT INCOME | INVESTMENT INCOME | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Interest received | 4427 | 3,732 | |||||
| 4. | INCOME | FROM CHARITABLE ACTIVITIES | |||||
| 2023 | 2022 | ||||||
| Activity | |||||||
| Residential | home fees | Residential | Home fees | 1,684,002 | 1,725,469 | ||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs | note 6) | Totals | |||||
| Residential | Home Running | Costs | 2,008,455 | 2,008,455 | |||
| Other expenditure | 11,920 | 88,056 | 99,976 | ||||
| 2,020875 | 88,056 | 2,108,431 | |||||
| 6. | SUPPORT | COSTS | |||||
| Governance | |||||||
| Finance | Other | costs | Totals | ||||
| Other expenditure | 2,101 | 77,874 | 8,081 | 88,056 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Wages and salaries | 1,603,493 | 1,542,368 | |||
| Other pension | costs | 47,439 | 48,293 | ||
| 1,650,932 | 1,590,661 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 2023 | 2022 | ||||
| Care and domestic staff | 113 | 87 | |||
| Administration | and | management | 2 | 3 | |
| 115 | 90 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| fund | funds 8 |
fundsf | ||
| INCOME | AND ENDOWMENTS FROM | |||
| Donations | and legacies | 176,439 | 292,586 | 469,025 |
| Charitable | activities | |||
| Residential | Home fees | 1,725,469 | 1,725,469 | |
| Investment | income | 3,732 | 3,732 | |
| Other income | 37,826 | 37,826 | ||
| Total | 1,943,466 | 292,586 | 2,236,052 |
| 10. | COMPARATIVES FOR | COMPARATIVES FOR | THE | STATEMENT | OFFINANCIAL | ACTIVITIES | - continued | |
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| fund | funds | funds | ||||||
| 8 | ||||||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Residential Home Running |
Costs | 1,925,946 | 837 | 1,926,783 | ||||
| Other expenditure | 88,718 | 88,718 | ||||||
| Total | 2,014,664 | 837 | 2,015,501 | |||||
| Net gains on investinents | 73,734 | 10,756 | 84,490 | |||||
| NET INCOME | 2,536 | 302,505 | 305,041 | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought forward |
3,617,049 | 161,934 | 3,778,983 | |||||
| TOTAL FUNDS CARRIED FORWARD | 3,619,585 | 464,439 | 4,084,024 | |||||
| 11. | TANGIBLE FIXEDASSETS | |||||||
| Fixtures | ||||||||
| Freehold | and | Motor | Computer | |||||
| property | fittings | vehicles | equipment | Totals | ||||
| 8 | ||||||||
| Cost | ||||||||
| At 1 April 2022 | 2,968,651 | 386,132 | 24,890 | 9,872 | 3,389,545 | |||
| Additions | 442,261 | 442461 | ||||||
| At 31March 2023 | 3,410,912 | 386,132 | 24,890 | 9,872 | 3,831,806 | |||
| Depreciation | ||||||||
| At 1 April 2022 | 229,846 | 19i773 | 9,872 | 259,491 | ||||
| Charge for year | 11,722 | 1,279 | 13,001 | |||||
| At 31March 2023 | 241,568 | 21,052 | 9,872 | 272,492 | ||||
| Net book value | ||||||||
| At 31March 2023 | 3,410,912 | 144,564 | 3,838 | 3,559414 | ||||
| At 31March 2022 | 2,968,651 | 156,286 | 5,117 | 3,130,054 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| Market value | |
| At 1 April 2022 | 843,155 |
| Disposals | (599,530) |
| Revaluations | (6,087) |
| At 31March 2023 | 237,538 |
| Net book value | |
| At 31March 2023 | 237,538 |
| At 31March 2022 | 843,155 |
| Listed | |||
|---|---|---|---|
| investments | |||
| Valuation | in | 2022 | 243)624 |
| Valuation | in | 2023 | (6,086) |
| 237,538 |
| STOCKS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Stockofprovisions | and cleaning | 6,000 | 6,000 | |
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| 8 | ||||
| Trade debtors | 118,266 | 38,251 | ||
| Prepayments | and other debtors | 36,114 | 10,048 | |
| Accrued income | 102,100 | 87,169 | ||
| 256,480 | 135,468 | |||
| CREDITORS: AMOUNTS FAIIING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||
| Trade creditors | 65,996 | 156,033 | ||
| Other creditors | 3'7,969 | 33,990 | ||
| Resident' fees |
paid | in advance | 8,516 | 64,406 |
| Accruals and | deferred income | 14,001 | 13,485 | |
| 126,482 | 267,914 |
| ANALYSIS | O | F NET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| 8 | 6 | |||||
| Fixed assets | 2,766,845 | 792,469 | 3,559,314 | 3,130,054 | ||
| Investments | 334,772 | 130,266 | 465,038 | 1,070,656 | ||
| Current assets |
247,643 | 35,664 | 283,307 | 151,22$ | ||
| Current liabilities |
(126,482) | (126,482) | (267,914) | |||
| 3,222,778 | 958499 | 4,181,177 | 4,084,024 | |||
| MOVEMENT | IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.4.22 8 |
in funds f |
31.3.23 | ||||
| Unrestricted | funds | |||||
| General fund | 3,619,585 | (396,807) | 3,222,778 | |||
| Restricted funds | ||||||
| Honor Cooper | 171,853 | (5,923) | 165,930 | |||
| EMI Suite Extension | 292,586 | 499,883 | 792,469 | |||
| 464,439 | 493,960 | 958,399 | ||||
| TOTALII'UNDS | 4,084,024 | 97,153 | 4,181,177 | |||
| Net movetnent | in funds, induded | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 1,731,319 | (2,107,631) | (20,495) | (396,807) | ||
| Restricted funds | ||||||
| Honor Cooper | (800) | (5,123) | (59923) | |||
| EMI Suite Extension | 499,883 | 499,883 | ||||
| 499,883 | (800) | (5,123) | 493,960 | |||
| TOTAL FUNDS | 2,231+02 | (2,108,431) | (25,618) | 97,153 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| Unrestricted | funds | |||
| General fund |
3,617,049 | 2,536 | 3,619,585 | |
| Restricted funds | ||||
| Honor Cooper EMI Suite Extension |
161,934 | 9,919 292,586 |
171,853 292,586 |
|
| 161,934 | 302,505 | 464,439 | ||
| TOTAL FUNDS | 3,778,983 | 305,041 | 4,084,024 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 8 | |||||
| Unrestricted | funds | ||||
| General fund |
1,943,466 | (2,014,664) | 73,734 | 2,536 | |
| Restricted funds |
|||||
| Honor Cooper EMI Suite Extension |
292,586 | ($37) | 10,756 | 9,919 292,586 |
|
| 292,586 | (837) | 10,756 | 302,505 | ||
| TOTAL FUNDS | 2,236,052 | (2,015,501) | 84,490 | 305,041 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At L4.21 | in funds | 31.3.23 | |||
| 8 | |||||
| Unrestricted | funds | ||||
| General | fund | 3,617,049 | (394,271) | 3,222,778 | |
| Restricted funds | |||||
| Honor Cooper | 161,934 | 3,996 | 165,930 | ||
| KMI Suite Extension | 792,469 | 792,469 | |||
| 161,934 | 796,465 | 958,399 | |||
| TOTAL | FUNDS | 3,778,983 | 402,194 | 4,181,177 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended f |
losses f |
in funds | ||
| Unrestricted | funds | ||||
| General fund |
3,674,785 | (4,122,295) | 53,239 | (394,271) | |
| Restricted funds |
|||||
| Honor Cooper | (1,637) | 5,633 | 3,996 | ||
| EMI Suite Extension | 792,469 | 792,469 | |||
| 792,469 | (1,637) | 5,633 | 796,465 | ||
| TOTAL FUNDS | 4,467,254 | (4,123,932) | 58,872 | 402,194 |
| CAPITAL | CO | MM | ITMEN | TS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| Contracted | but | not | provided | for | in | the | financial | statements | 24,405 | 452,936 |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 502,608 | 344,397 | |
| Government Grants re COVID |
124,628 | ||
| 502,608 | 469,025 | ||
| Investment income |
|||
| Interest received | 4427 | 3,732 | |
| Charitable activities |
|||
| Residential home fees |
1,684,002 | 1,725,469 | |
| Other income | |||
| Non resident's meals |
35 | 70 | |
| Resident's fundraising |
1,657 | 1,002 | |
| M&L contribution OHH payroll |
contribution | 20,657 | 19,978 |
| M&L contribution OHH office costs |
10,796 | 10,441 | |
| Other income | 200 | 60 | |
| Income &om 4 Old London Road | 7,020 | 6,275 | |
| 40,365 | 37,826 | ||
| Total incoming resources |
2,231,202 | 2,236,052 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages and social security cost | 1,554,945 | 1,498,374 | |
| Pension contributions |
47,439 | 48,293 | |
| Water | 3,107 | 11,327 | |
| Insurance | 27,047 | 25,662 | |
| Light and heat | 47,697 | 44,539 | |
| Telephone and internet |
9,330 | 2,538 | |
| Provisions and cleaning materials |
102,048 | 95,416 | |
| Medical Expenses | 1,094 | 370 | |
| Resident's comforts |
10,290 | 8,439 | |
| Health and safety expense | 25,791 | 16,669 | |
| Cleaning and waste disposal |
48,603 | 39,192 | |
| Garden expenses | 6,471 | 8,987 | |
| Carried forward | 1,883,862 | 1,799,806 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 8 | |||||
| Charitable activities |
|||||
| Brought forward | 1,883,S62 | 1,799,806 | |||
| Registration fee and |
subscriptions | 10,071 | 9,984 | ||
| Property repairs and | maintenance | 56,658 | 53,847 | ||
| Council tax | 2328 | 4,352 | |||
| Motor expenses | 2,240 | 1,697 | |||
| Minibus costs | 497 | 1,607 | |||
| Repairs and renewals | 19,801 | 26,1$1 | |||
| Legal fees | 7,394 | 6,$25 | |||
| Other staff costs including | training | 23,724 | 21,647 | ||
| Residents' outings and |
coin | fort | 800 | $37 | |
| Fixtures and fittings | 11,721 | 12,672 | |||
| Motor vehicles | 1,279 | 1,706 | |||
| 2,020,375 | 1,941,161 | ||||
| Support costs | |||||
| Finance | |||||
| Bank charges | 2,101 | 2,157 | |||
| Other | |||||
| Wages and social security | 48,548 | 43,994 | |||
| Postage and stationery | 7426 | $,981 | |||
| Advertising | 3,300 | 913 | |||
| Computer running |
costs | 18,700 | 10,951 | ||
| 77,874 | 64,$39 | ||||
| Governance costs |
|||||
| Auditors' reinuneration |
8,081 | 7,344 | |||
| Total resources expended |
2,108,431 | 2,015,501 | |||
| Net income before gains and losses | 122,771 | 220,551 | |||
| Realised recognised | gains | and losses | |||
| Realised gains/(losses) | on fixed asset | ||||
| investments | (19,531) | ||||
| Net income | 103,240 | 220,551 |