| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 10 | |
| Report ofthe Independent | Auditors | 11 | to | 13 |
| Consolidated Statement |
ofFinancial Activities | 14 | ||
| Company Balance Sheet | 15 | |||
| Consolidated Balance Sheet |
16 | |||
| Cash Flow Statement | 17 | |||
| Notes to the Cash Flow Statement | 18 | |||
| Notes to the Financial Statements | 19 | to | 31 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
25,969 | 5,698 | 31,667 | 32,072 | ||
| Charitable activities |
||||||
| Residential and group |
homes | 852,747 | 852,747 | 896,873 | ||
| The Wellbeing Hub |
125,441 | 6,745 | 132,186 | 103,863 | ||
| Other trading activities | 154,802 | 154,802 | 175,694 | |||
| Investment income |
1,592 | 1,592 | 1,362 | |||
| Other income | 4,580 | 4,580 | 23,183 | |||
| Total | 1,165,131 | 12,443 | 1,177,574 | 1,233,047 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 145,779 | 145,779 | 155,758 | |||
| Charitable activities |
||||||
| Residential and group |
homes | 980,281 | 637 | 980,918 | 949,250 | |
| The Wellbeing Hub |
217,286 | 6,745 | 224,031 | 240,204 | ||
| Total | 1,343,346 | 7,382 | 1,350,728 | 1,345,212 | ||
| Net gains on investments | 3,655 | 3,655 | 626 | |||
| NET INCOME/(EXPENDITURE) | (174,560) | 5,061 | (169,499) | (111,539) | ||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward |
4,367,077 | 7,360 | 4,374,437 | 4,485,976 | ||
| TOTAL FUNDS CARRKD FORWARD | 4,192,517 | 12,421 | 4,204,938 | 4,374,437 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| HXKD ASSETS | |||||
| Tangible assets Investments |
12 13 |
3,366,245 6 |
3,366,245 6 |
3,406,424 6 |
|
| 3,366,251 | 3,366,251 | 3,406,430 | |||
| CURRENT ASSETS | |||||
| Debtors Investments Cash at bank and in hand |
14 15 |
174,239 14,423 1 111942 |
12,421 | 174,239 14,423 1,124,363 |
100,578 10,769 1 394472 |
| 1,300,604 | 12,421 | 1,313,025 | 1,505,819 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (148,512) | (148,512) | (143,827) | |
| NET CURRENT ASSETS | 1,152,092 | 12,421 | 1,164,513 | 1,361,992 | |
| TOTAL ASSETS LE&SSCURRENT | |||||
| LIABILITIES | 4;518—,343 | 12421 | 4,530,764 | 4,76%4 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
17 | (295,333) | (295,333) | (355,568) | |
| NET ASSETS | 4223,910 | 12,421 | 4,235,431 | 4,412,854 | |
| FUNDS | 20 | ||||
| Unrestricted funds Restricted funds |
4,223,010 12,421 |
4,405,494 7,360 |
|||
| TOTAL FUNDS | 4,235,431 | 4,412,854 |
| 31 | March 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 3,380,880 | 3,380,800 | 3,428,114 | |
| 3,380,880 | 3,380,880 | 3,428,114 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 113,315 | 113,315 | 37,468 | |
| investments | 15 | 14,423 | 14,423 | 10,769 | |
| Cash at bank and in hand | 1,143,167 | 12,421 | 1,155,588 | 1,412,825 | |
| 1,270,905 | 12,421 | 1,283,326 | 1,461,062 | ||
| CREDITORS | |||||
| Amounts falling due witlun one year |
16 | (163,935) | (163,935) | (159,171) | |
| NE&T CURRENT ASSETS | 1,100970 | 12421 | 1,119,391 | 1,301,891 | |
| TOTAL ASSE&TSLESSCURRENT | |||||
| LIABILITIES | 4,487,850 | 12,421 | 4,500,271 | 4,730,005 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
17 | (295,333) | (295,333) | (35S,S'68) | |
| NKT ASSETS | 4,192,517 | 12,421 | 4,204,938 | 4,374,437 | |
| FUNDS | 20 | ||||
| Unrestricted funds |
4,192,517 | 4,367,077 | |||
| Restricted funds | 12,421 | 7,360 | |||
| TOTAL~iDS | 4,204,938 | 4374,437 |
| Cash Flow Statement | |||||||
|---|---|---|---|---|---|---|---|
| for the | year ended 31March | 2022 | |||||
| 2022 | 2021 | ||||||
| Notes | |||||||
| Cash flows &om operating | activities | ||||||
| Cash generated fiom operations |
(191,249) | 712,913 | |||||
| Interest paid | (9,579) | (10,710) | |||||
| Net cash (used in)/provided | by operating | activities | (200,828) | 702,203 | |||
| Cash flows &om investing | activities | ||||||
| Purchase oftangible fixed | assets | (2,102) | (9,942) | ||||
| Sale oftangible fixed assets | 2,500 | ||||||
| Interest received | 178 | 742 | |||||
| Dividends received |
1,414 | 620 | |||||
| Net cash provided by/(used |
in) investing | activities | 1,990 | (8,580) | |||
| Cash flows from financing | activities | ||||||
| Loan repayments in year |
(58,399) | (59,105) | |||||
| Net cash used in investing | activities | (58,399) | (59,105) | ||||
| Change in cash and cash equivalents | in the | ||||||
| reporting period | (257,237) | 634,518 | |||||
| Cash and cash equivalents | atthe beginning | of | |||||
| the reporting period |
1,412,825 | 778,307 | |||||
| Cash and cash equivalents | at the end | ofthe | |||||
| reporting period | 1,155,588 | 1,412,825 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OFNET EXPENDITURE TO NET CASH FLOW FROM | OFNET EXPENDITURE TO NET CASH FLOW FROM | OFNET EXPENDITURE TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES | |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Net expenditure | for | the | reporting period (as per the Statement ofFinancial | |||||
| Activities) | (169,499) | (111,539) | ||||||
| Adjustments for: |
||||||||
| Depreciation charges |
46,389 | 45,802 | ||||||
| Gain on investments | (3,655) | (627) | ||||||
| Loss on disposal | of | fixed assets | 448 | |||||
| Interest received | (178) | (742) | ||||||
| Interest paid | 9,579 | 10,710 | ||||||
| Dividends received |
(1,414) | (620) | ||||||
| (Increase)/decrease | in | debtors | (75,847) | 773,333 | ||||
| Increase/(Decrease) | in | creditors | 2,928 | (3,404) | ||||
| Net cash (used in)/provided by operations |
(191,249) | 712,913 | ||||||
| ANALYSIS OF | CHANGES IN NET FUNDS | |||||||
| At 1.4.21 | Cash flow | At 31.3.22 | ||||||
| Net cash | ||||||||
| Cash at bank and | in | hand | 1,412,825 | (257,237) | 1,155,588 | |||
| 1,412,825 | (257,237) | 1,155,588 | ||||||
| Liquid resources | ||||||||
| Deposits included | in | cash | ||||||
| Current asset investments | 10,769 | 3,654 | 14,423 | |||||
| 10,769 | 3,654 | 14,423 | ||||||
| Debt | ||||||||
| Debts falling due | within | 1 year | (57,396) | (1,836) | (59,232) | |||
| Debts falling due | after | 1 year | (355,568) | 60,235 | (295,333) | |||
| (412,964) | 58,399 | (354,565) | ||||||
| Total | 1,010,630 | (195,184) | 815,446 |
| Group | Only | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Donations | 31,667 | 32,072 | |||||||
| 3. | OTHER TRADING ACTIVITIES | ||||||||
| Group | Only | 2022 | 2021 | ||||||
| The Wellbeing | Hub - Fundraising | 36 | |||||||
| The Wellbeing | Hub - | Sundry revenue | 8,760 | 22,274 | |||||
| Gardening project |
1,324 | 5,265 | |||||||
| Shop income | 144,718 | 148,119 | |||||||
| 154,802 | 175,694 | ||||||||
| 4. | INVESTMENT | INCOME | |||||||
| Group | Only | ||||||||
| Other fixed asset invest -FII | 1,414 | 620 | |||||||
| Deposit account | interest | 178 | 742 | ||||||
| 1,592 | 1,362 | ||||||||
| 5. | INCOME FROMC~ABLE ACTIVITIES | ||||||||
| Group | Only | 2022 | 2021 | ||||||
| Activity | |||||||||
| Grants | Residential | and | group homes | 28,555 | 46,719 | ||||
| Support and residents | charges | Residential | and | group homes | 824,192 | 850,154 | |||
| Coffee bar and | lunches | The Wellbeing | Hub | 88 | |||||
| Grants | The Wellbeing | Hub | 105,650 | 66,209 | |||||
| Fircroft fees | The Wellbeing | Hub | 26,536 | 37,566 | |||||
| 984,933 | 1,000,736 | ||||||||
| Grants received, | included | in the | above, are | as follows: | |||||
| 2022 | 2021 | ||||||||
| Royal Borough | Kingston | 134,205 | 96,210 |
| Group | Only | ||||||
|---|---|---|---|---|---|---|---|
| RAISING DONATIONS | AND LEGACIES | ||||||
| 2022 | 2021 | ||||||
| Staffcosts | (Trading subsidiary) | 73,829 | 88,076 | ||||
| Sundries | 8,985 | 6,220 | |||||
| Shop running | costs (Trading subsidiary) | 62,965 | 61,462 | ||||
| 145,779 | 155,758 | ||||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||
| Group | Only | Support | |||||
| Direct | costs (see | ||||||
| Costs | note 8) | Totals | |||||
| Residential | and group homes | 845,439 | 135,479 | 980,918 | |||
| The Wellbeing | Hub | 171,083 | 52,948 | 224,031 | |||
| 1,016,522 | 188,427 | 1,204,949 | |||||
| 8. | SUPPORT | COSTS | |||||
| Group | Only | Management | |||||
| Residential | and group homes | 135,479 | |||||
| The Wellbeing | Hub | 52,948 | |||||
| 188,427 |
| 2022 | 2021 | |
|---|---|---|
| Salaries and Wages | 730,549 | 772,839 |
| Social security costs | 44,109 | 56,880 |
| Pension costs | 15,863 | 15,940 |
| 790,521 | 845,659 |
| Notes to the Financial Statements - continued for the year ended 31March 2022 |
Notes to the Financial Statements - continued for the year ended 31March 2022 |
|||
|---|---|---|---|---|
| 11. | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
30,372 | 1,700 | 32,072 | |
| Charitable activities |
||||
| Residential and group homes |
866,872 | 30,001 | 896,873 | |
| The Wellbeing Hub |
103,863 | 103,863 | ||
| Other trading activities | 155,175 | 20,519 | 175,694 | |
| Investment income |
1,362 | 1,362 | ||
| Other income | 23,183 | 23,183 | ||
| Total | 1,180,827 | 52,220 | 1,233,047 | |
| EXPENDITURE ON | ||||
| Raising funds | 155,758 | 155,758 | ||
| Charitable activities |
||||
| Residential and group homes |
898,107 | 51,143 | 949,250 | |
| The Wellbeing Hub |
240,204 | 240,204 | ||
| Total | 1,294,069 | 51,143 | 1,345,212 | |
| Net gains on investments | 626 | 626 | ||
| NET INCOME/(EXPENDITURE) | (112,616) | 1,077 | (111,539) | |
| RECONCILIATION OFFUNDS | ||||
| Total funds brought forward |
4,479,693 | 6,283 | 4,485,976 | |
| TOTAL FUNDS CARRlED FORWARD | 4,367,077 | 7,360 | 4,374,437 |
| for | the year ended 31Ma | rch 2022 | |||||
|---|---|---|---|---|---|---|---|
| 12. | TANGIBLE FIXEDASSETS | ||||||
| Company | Fixtures | ||||||
| Freehold | alld | Motor | |||||
| property | fittings | vehicles | Totals | ||||
| COST | |||||||
| At 1 April 2021 | 3,566,036 | 284,608 | 40,567 | 3,891,211 | |||
| Additions | 2, | 102 | 2,102 | ||||
| Disposals | (10,794) | (10,794) | |||||
| At 31March 2022 | 3,566,036 | 286,710 | 29,773 | 3,882,519 | |||
| DEPRECIATION | |||||||
| At 1 April 2021 | 239,940 | 212,812 | 32,035 | 484,787 | |||
| Charge for year | 26,660 | 11,085 | 1,589 | 39,334 | |||
| Eliminated on disposal |
(7,847) | (7,847) | |||||
| At 31March 2022 | 266,600 | 223,897 | 25,777 | 516,274 | |||
| NET BOOKVALUE | |||||||
| At 31March 2022 | 3,299,436 | 62,813 | 3,996 | 3,366,245 | |||
| At 31March 2021 | 3,326,096 | 71,796 | 8,532 | 3,406,424 | |||
| Group | Freehold | Short | Fixtures and | Motor | |||
| property | Leasehold | fittings | vehicles | Totals | |||
| COST | |||||||
| At | 1 April 2021 | 3,566,036 | 23,174 | 307,407 | 65,067 | 3,961,684 | |
| Additions | 2,102 | 2,102 | |||||
| Disposals | (10,794) | (10,794) | |||||
| At | 31 March 2022 | 3,566,036 | 23,174 | 309,509 | 54,273 | 3,952,992 | |
| DEPRECIATION | |||||||
| At | I April 2021 | 239,940 | 7,008 | 233,358 | 53,264 | 533,570 | |
| Charge for year | 26,660 | 5,383 | 11,940 | 2,406 | 46,389 | ||
| Eliminated on disposal |
(7,847) | (7,847) | |||||
| At | 31March 2022 | 266,600 | 12,391 | 245,298 | 47,823 | 572,112 | |
| NET BOOKVALUE | |||||||
| At | 31 March 2022 | 3,299,436 | 10,783 | 64,211 | 6,450 | 3,380,880 | |
| At | 31 March 2021 | 3,326,096 | 16,166 | 74,049 | 11,803 | 3,428,114 |
| for the year ended 31March 2 | 022 | |
|---|---|---|
| 13. | FIXEDASSETINVESTMENTS | |
| Company | Unlisted | |
| investments |
| 14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| Company | 2022 | 2021 |
| Trade debtors | 45,587 | 14,100 |
| Other debtors | 121,700 | 79,689 |
| Prepayments | 6,952 | 6,789 |
| 174,239 | 100,578 | |
| Group | 2022 | 2021 |
| Trade debtors | 45,587 | 14,100 |
| Other debtors | 43,243 | 1,727 |
| Prepayments | 17,735 | 14,891 |
| 106,565 | 30,718 | |
| Amounts falling due after more than one year: |
||
| Other debtors | 6,750 | 6,750 |
| Aggregate amounts |
113,315 | 37,468 |
| THE FIRCROFT TRUST | |||||
|---|---|---|---|---|---|
| Notes | tothe Financial Statements - continued | ||||
| for the year ended 31March 2022 | |||||
| 15. | CURRENT ASSETINVESTMENTS | ||||
| Company and Group |
2022 | 2021 | |||
| Listed investments | 14,423 | 10,769 | |||
| 16. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| Company | 2022 | 2021 | |||
| Bank loans and overdraAs | (see note 18) | 59,232 | 57,396 | ||
| Trade creditors | 31,971 | 38,830 | |||
| Taxation and social security | 4,927 | 13,459 | |||
| Other creditors | 52,382 | 34,142 | |||
| 148,512 | 143,827 | ||||
| Group | |||||
| 2022 | 2021 | ||||
| Bank loans and overdraAs | (see note 18) | 59,232 | 57,396 | ||
| Trade creditors | 35,820 | 43,447 | |||
| Taxation and social security | 5,685 | 13,888 | |||
| Other creditors | 63,198 | 44,440 | |||
| 163,935 | 159,171 | ||||
| 17. | CREDITORS: AMOUNTS | FALLING DUE AFTERMORE THAN ONE YEAR | |||
| Company and Group |
2022 | 2021 | |||
| Bank loans (see note 18) | 295,333 | 355,568 | |||
| 18. | LOANS | ||||
| Company and Group |
|||||
| An analysis ofthe maturity | ofloans is | given below: | |||
| 2022 | 2021 | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 59,232 | 57,396 | |||
| Amounts falling between one and two |
years: | ||||
| Bank loans - 1-2 years | 295,333 | 355,568 |
| 2022 | 2021 |
|---|---|
| 354,565 | 412,964 |
| MOVEMENT |
IN FUNDS | |||||
|---|---|---|---|---|---|---|
| y | Net | |||||
| movement | ||||||
| At 1.4.21 | in funds | At 31.3.22 | ||||
| Unrestricted funds |
||||||
| General fund | 3,417,077 | (182,484) | 3,234,593 | |||
| Firscourt Development | 200,000 | 200,000 | ||||
| Younger Adults | 750,000 | 750,000 | ||||
| 4,367,077 | (182,484) | 4,184,593 | ||||
| Restricted funds | ||||||
| Maple Lodge - | Amenities | Fund | 5,200 | 5,061 | 10,261 | |
| Oliver Ford Trust - Lifting | Cushion | 160 | 160 | |||
| Greater London | Authority | -Decking and | ||||
| awning for man | shed | 2,000 | 2,000 | |||
| 7,360 | 5,061 | 12,421 | ||||
| TOTAL FUNDS | 4,374,437 | (177,423) | 4,197,014 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 1,020,413 | (1,206,552) | 3,655 | (182,484) | ||
| Restricted funds | ||||||
| Maple Lodge - | Amenities | Fund | 5,698 | (637) | 5,061 | |
| Extra Staff Support - COUID19 | 6,745 | (6,745) | ||||
| 12,443 | (7,382) | 5,061 | ||||
| TOTAL FUNDS | 1,032,856 | (1,213,934) | 3,655 | (177,423) |
| Net | ||||
|---|---|---|---|---|
| movement | ||||
| At 1.4.20 | in funds | At 31.3.21 | ||
| Unrestricted funds |
||||
| General fund | 3,566,691 | (111,197) | 3,455,494 | |
| Firscourt Development | 200,000 | 200,000 | ||
| Younger Adults | 750,000 | 750,000 | ||
| 4,516,691 | (111,197) | 4,405,494 | ||
| Restricted funds | ||||
| Maple Lodge - Amenities | Fund | 4,123 | 1,077 | 5,200 |
| Oliver Ford Trust - Litbng | Cushion | 160 | 160 | |
| Greater London Authority | - Decking and | |||
| awning for man shed | 2,000 | 2,000 | ||
| 6,283 | 1,077 | 7,360 | ||
| TOTAL FUNDS | 4,522,974 | (110,120) | 4,412,854 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 1,032,708 | (1,144,531) | 626 | (111,197) | ||
| Restricted funds | ||||||
| Maple Lodge - Amenities | Fund | 1,700 | (623) | 1,077 | ||
| COVID19 - Infections | Control | 30,001 | (30,001) | |||
| Extra Staff Support - | COVID19 | 20,519 | (20,519) | |||
| 52,220 | (51,143) | 1,077 | ||||
| TOTAL FUNDS | 1,084,928 | (1,195,674) | 626 | (110,120) |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 1.4.21 | in funds | At 31.3.22 | ||
| Unrestricted funds |
||||
| General fund | 3,417,077 | (174,560) | 3,242,517 | |
| Firscourt Development | 200,000 | 200,000 | ||
| Younger Adults | 750,000 | 750,000 | ||
| 4,367,077 | (174,560) | 4,192,517 | ||
| Restricted funds | ||||
| Maple Lodge - Amenities | Fund | 5,200 | 5,061 | 10,261 |
| Oliver Ford Trust - Lifting | Cushion | 160 | 160 | |
| Greater London Authority | -Decking and | |||
| awning for man shed |
2,000 | 2,000 | ||
| 7,360 | 5,061 | 12,421 | ||
| TOTAL FUNDS | 4,374,437 | (169,499) | 4,204,938 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 1,165,131 | (1,343,346) | 3,655 | (174,560) | ||
| Restricted funds | ||||||
| Maple Lodge | - Amenities | Fund | 5,698 | (637) | 5,061 | |
| Extra Staff Support - COVID19 | 6,745 | (6,745) | ||||
| 12,443 | (7,382) | 5,061 | ||||
| TOTAL FUNDS | 1,177,574 | (1,350,728) | 3,655 | (169,499) |
| Net | ||||
|---|---|---|---|---|
| movement | ||||
| At 1.4.20 | in funds | At 31.3.21 | ||
| Unrestricted funds |
||||
| General fund | 3,529,693 | (112,616) | 3,417,077 | |
| Firscourt Development | 200,000 | 200,000 | ||
| Younger Adults | 750,000 | 750,000 | ||
| 4,479,693 | (112,616) | 4,367,077 | ||
| Restricted funds | ||||
| Maple Lodge - Amenities | Fund | 4,123 | 1,077 | 5,200 |
| Oliver Ford Trust - Lifting | Cushion | 160 | 160 | |
| Greater London Authority | - Decking and | |||
| awning for man shed | 2,000 | 2,000 | ||
| 6,283 | 1,077 | 7,360 | ||
| TOTAL FUNDS | 4,485,976 | (111,539) | 4,374,437 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund |
1,180,827 | (1,294,069) | 626 | (112,616) | |
| Restricted funds | |||||
| Maple Lodge - Amenities | Fund | 1,700 | (623) | 1,077 | |
| COVID19- Infections Control | 30,001 | (30,001) | |||
| Extra StaffSupport - COVID19 | 20,519 | (20,519) | |||
| 52,220 | (51,143) | 1,077 | |||
| TOTAL FUNDS | 1,233,047 | (1,345,212) | 626 | (111,539) |