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