##
|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|