| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 3 to 20 | ||||
| Report ofthe Independent | Auditors | 21 to 23 | |||
| Statement of Financial | Activities (Incorporating | Income and Expenditure | Account) | 24 | |
| Balance Sheet | 25 to 26 | ||||
| Cash Flow Statement | 27 | ||||
| Notes to the Financial | Statements | 28 to 49 |
| Element | 2021-22 kwh | 2021-22tCO2e | ||
|---|---|---|---|---|
| Gas Consumption —at a premises where |
Nugent | |||
| holds control over metering and invoicing |
4,290,509 | 786 | ||
| Owned Transport —for vehicles rented/leased Nugent for work purposes |
by | 151,903 | 36 | |
| UK Electricity —At premises where Nugent |
holds | |||
| control over metering and invoicing |
1,518,295 | 322 | ||
| Business Travel - Private staff and volunteer | mileage | 52,988 | ||
| Total Emissions (tC02e) |
||||
| 1,157 | ||||
| Intensity metric tonnes ofCO2e per full time employee |
3.0 (tCO2e/FTE) |
| FOR THE YEAR ENDED 3 | 1 MARCH | 2023 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | |||
| Funds | Funds | Total | Total | |||
| Notes | 6'000 | 6'000 | 8'000 | 8'000 | ||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations and legacies |
285 | 285 | 501 | |||
| Charitable activities |
16,092 | 642 | 16,734 | 14,694 | ||
| Other trading activities |
72 | 72 | 67 | |||
| Investment income |
154 | 154 | 132 | |||
| Other income | 256 | |||||
| Total income | 16,603 | 642 | 17,245 | 15,650 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 301 | 301 | 246 | |||
| Charitable activities |
8 | 17,485 | 17,485 | 15,439 | ||
| Total expenditure | 17,786 | 17,786 | 15,685 | |||
| NET INCOIIIIE/(EXPENDITURE) | (1,183) | 642 | (541) | (35) | ||
| TRANSFERS BETWEEN FUNDS | 632 | (632) | ||||
| OTHER RECOGNISED GAINS/(LOSSES) | ||||||
| Impairment in value offixed assets Net gains/(losses) on investments |
11 | ~797 | ~797 | 339 | ||
| NET MOVEMENT IN FUNDS |
(748) | 10 | (738) | 304 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
22 | 13,522 | 43 | 13,565 | 13,261 | |
| TOTAL FUNDS CARRIED FORWARD | 12,774 | 53 | 12,827 | 13,565 |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 6'000 | 5'000 | ||||||||
| FIXEDASSETS Tangible assets |
13 | 6,676 | 6,218 | |||||||
| Investments Investments Investment property |
14 15 |
5,197 143 |
5,394 143 |
|||||||
| 12,016 | 11,755 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors: amounts year Cash at bank and |
falling in hand |
due | within | one | 16 | 2,140 314 |
1,424 1,745 |
|||
| 2,454 | 3,169 | |||||||||
| CREDITORS | ||||||||||
| Amounts falling |
due | within | one | year | 17 | (1,643) | (1,273) | |||
| NET CURRENT | ASSETS/(LIABILITIES) | 811 | 1,896 | |||||||
| TOTAL ASSETS | LESS CURRENT | 12,827 | 13,651 | |||||||
| LIABILITIES | ||||||||||
| CREDITORS | ||||||||||
| Amount falling |
due after | more | than | one | (86) | |||||
| year | 18 | |||||||||
| NETASSETS | 12,827 | 13,565 |
| FUNDS | Notes 22 |
2023 6'000 |
2022 f.'000 |
|---|---|---|---|
| Unrestricted funds: |
|||
| General fund Designated —tangible fixed assets Designated - investments |
3,685 6,589 2,500 |
5,017 6,005 2,500 |
|
| Restricted funds | 12,774 53 |
13,522 43 |
|
| TOTAL FUNDS | 12,827 | 13,565 |
| OR THE YEAR ENDED | 31 MARC | H 2023 | |||
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||
| Cash flows from operating | activities | ||||
| Net cash flow from operating | activities | 29 | (376) | 602 | |
| Interest paid | (5) | (6) | |||
| Net cash provided by/(used |
in) operating | activities | (381) | 596 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(1,079) | (470) | |||
| Sale oftangible fixed assets |
3,148 | ||||
| Dividends received |
154 | 132 | |||
| Net cash provided by/(used |
in) investing | activities | (925) | 2,810 | |
| Cash flows from financing | activities | ||||
| Bank loan repayments in year |
(125) | (2,374) | |||
| Net cash provided by/(used |
in) financing | activities | (125) | (2,374) | |
| Change in cash and cash in the reporting period |
equivalents | (1,431) | 1,032 | ||
| Cash and cash equivalents beginning ofthe reporting |
at the period |
1,745 | 713 | ||
| Cash and cash equivalents ofthe reporting period |
at the end | 30 | 314 | 1,745 |
| INCOME FROM C | HAR | ITABLE ACTIVITES | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E'000 | L'000 | |||
| Children' s, adults' | and | |||
| community services |
520 | 540 | ||
| Special schools Residential homes |
and | 3,019 | 2,437 | |
| individualised support |
projects | 12,529 | 11,703 | |
| Capital grants | 642 | |||
| Miscellaneous | 24 | 14 | ||
| 16,734 | 14,694 |
| OTHE | R TRADING ACTIVIT | IES | |||
|---|---|---|---|---|---|
| Unrestricted K'000 |
Restricted f'000 |
2023 f'000 |
2022 f'000 |
||
| Shop | income | 72 | 72 | 67 |
| 5. | INVESTM | ENT INCOME | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E'000 | K'000 | ||||
| Dividends | from investments | held | 154 | 132 | |
| 6. | OTHER INCOME | ||||
| 2023 | 2022 | ||||
| f'000 | 6'000 | ||||
| CJRS grant | |||||
| Sale offixed assets | 256 | ||||
| 256 |
| RAISING | DONATIONS AND LEGACIES |
||
|---|---|---|---|
| 2023 | 2022 | ||
| E'000 | 6'000 | ||
| Fundraising | and publicity | 227 | 185 |
| OTHER TRADING ACTIVITIES | |||
| 2023 | 2022 | ||
| F'000 | 6'000 | ||
| Charity shop expenditure | 74 | 61 | |
| Aggregate | amounts | 301 | 246 |
| CHARITABLE ACTIVITIES C | OSTS | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | Activities | Support | & | ||||
| Undertaken | Governance | Total | Total | ||||
| Directly | Costs | 2023 | 2022 | ||||
| 6'000 | f'000 | 6'000 | f'000 | ||||
| (i) Unrestricted funds |
|||||||
| Provision ofchildren' s, adults' |
and community | ||||||
| services | 710 | 35 | 745 | 933 | |||
| Special schools Residential homes and individualised |
day | 3,714 | 182 | 3,896 | 2,836 | ||
| support projects | 12,245 | 599 | 12,844 | 1'I,420 | |||
| (ii) Restricted funds | 16,669 | 816 | 17,485 | 15,189 | |||
| Provision ofchildren' s, adults' | and community | ||||||
| services | 53 | ||||||
| Residential homes and individualised |
day | ||||||
| support projects | 197 | ||||||
| 16,669 | 816 | 17,485 | 15,439 | ||||
| 2022 | Activities | Support & |
|||||
| Undertaken | Governance | Total | |||||
| Directly | Costs | 2022 | |||||
| 6'000 | f'000 | f"000 | |||||
| (i) Unrestricted funds |
|||||||
| Provision ofchildren' s, adults' | and community | ||||||
| services | 894 | 39 | 933 | ||||
| Special schools Residential homes and individualised |
day | 2,724 | 112 | 2,836 | |||
| support projects | 10,966 | 454 | 11,420 | ||||
| (ii) Restricted funds | 14,584 | 605 | 15,189 | ||||
| Provision ofchildren' s, adults' | and community | ||||||
| services | 53 | ||||||
| Residential homes and individualised |
day | ||||||
| support projects | 197 | 197 | |||||
| 14,834 | 605 | 15,439 |
| Support and Governance co | sts | ||
|---|---|---|---|
| Total | Total | ||
| 2023 f'000 |
2022 E.'000 |
||
| Office services and quality assurance Property services Finance services |
550 31 13 |
372 24 46 |
|
| Management ITservices |
164 40 |
146 15 |
|
| Office pensions Fundraising Other recharges |
18 | 3 29 ~30 |
|
| 816 | 605 | ||
| t expenditure for the year includes:- |
|||
| 2023 | 2022 | ||
| F'000 | E'000 | ||
| Fees payable to the auditor for Audit |
25 | 15 | |
| Other services | 6 | 5 | |
| Depreciation Operating lease rentals |
621 83 |
635 18 |
|
| TRUSTEES REMUNERATION | AND BENEFITS |
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| 660,000 —670,000 | ||
| 670,000 —680,000 | ||
| F80,000 —290,000 | ||
| f90,000 —f100,000 | ||
| 6100,000 - 8110,000 | ||
| f110,000 - 2120,000 | 1 | 1 |
| f120,000 - 6130,000 | 1 |
| OMPARATIVES F | OR | THE STA | TEMENT OF | FINANCIAL ACTIVITIE | S | |
|---|---|---|---|---|---|---|
| 2022 | ||||||
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | ||||
| 6'000 | 6'000 | 6'000 | ||||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations and legacies |
501 | 501 | ||||
| Charitable activities |
14,517 | 177 | 14,694 | |||
| Other trading activities |
67 | |||||
| Investment income |
132 | 132 | ||||
| Other income | 256 | 256 | ||||
| Total | 15,473 | 177 | 15,650 | |||
| EXPENDITURE ON: | ||||||
| Raising funds | 246 | 246 | ||||
| Charitable activities |
15,189 | 250 | 15,439 | |||
| Total | 15,435 | 250 | 15,685 | |||
| NET INCOME/(EXPENDITURE) | 38 | (73) | (35) | |||
| Transfers between |
funds | 779 | (779) | |||
| Net gains/(losses) | on | investments | 339 | 339 | ||
| NET MOVEMENT | IN | FUNDS | 1,156 | (852) | 304 | |
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 12,366 | 895 | 13,261 | ||
| TOTAL FUNDS CARRIED FORWARD | 13,522 | 43 | 13,565 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f'000 | f'000 | |||||
| Provision of children' s, adults' |
and community | services | 16 | 12 | ||
| Special schools | 85 | 34 | ||||
| Residential homes and individualised |
support | projects | 278 | 137 | ||
| 379 | 183 | |||||
| TANGIBLE FIXEDASSETS | ||||||
| Freehold | Building | Motor | ||||
| Property f'000 |
Adaptations F'000 |
Vehicles f'000 |
Totals f'000 |
|||
| COST | ||||||
| At 1 April 2022 Additions Disposals At 31 March 2023 |
7,607 7,607 |
10,762 1,080 (32) 11,810 |
71 (26) 45 |
18,440 1,080 (58) 19,462 |
||
| DEPRECIATION | ||||||
| At 1 April 2022 Charge for year |
3,802 129 |
8,349 491 |
71 | 12,222 620 |
||
| Eliminated on disposal At 31 March 2023 |
3,931 | (30) 8,810 |
(26) 45 |
(56) 12,786 |
||
| NET BOOK VALUE | ||||||
| At 31 March 2023 | 3,676 | 3,000 | 6,676 | |||
| At 1 April 2022 | 3,805 | 2,413 | 6,218 |
| Listed | |
|---|---|
| Investments | |
| 6'000 | |
| MARKET VALUE | |
| At 1 April 2022 Additions |
5,394 867 |
| Disposals Revaluation |
(867) (197) |
| At 31 March 2023 | 5,197 |
| FAIR VALUE | |
| At 31 March 2023 | 5,197 |
| At 31 March 2022 | 5,394 |
| 2023 | 2022 | |
|---|---|---|
| 6'000 | f'000 | |
| UK equities Overseas equities UK bonds and gilts UK property —unit trust Alternatives |
1,275 2,652 356 612 |
1,553 2,826 350 420 |
| UK cash held on deposit | 302 | 245 |
| 5,197 | 5,394 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 6'000 | 6'000 | ||||||||
| At | 1 | April | 2022 | and | 31 | March | 2023 | 143 | 143 |
| 2023 | 2022 | ||
|---|---|---|---|
| f'000 | f'000 | ||
| Trade debtors Other debtors |
1,692 99 |
1,075 16 |
|
| Prepayments and accrued |
income | 349 | 333 |
| 2,140 | 1,424 | ||
| 17.CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| 6'000 | f.'000 | ||
| Bank loans and overdrafts | (see note 19) | 87 | 127 |
| Trade creditors | 761 | 266 | |
| Taxation and social security | 218 | 181 | |
| Other creditors | 577 | 699 | |
| 1,643 | 1,273 | ||
| Other creditors include; |
|||
| A holiday accrual for 6103k | |||
| Deferred income at 31 March 2022 |
|||
| Released in the year |
|||
| Deferred income at 31 March 2023 |
| 2023 f'000 |
2022 6'000 |
|||||
|---|---|---|---|---|---|---|
| Bank | loans | (see | note | 19) | 86 |
| An analysis ofthe maturity of loans is given below: |
||
|---|---|---|
| 2023 f.'000 |
2022 f'000 |
|
| Amounts falling due within one year on demand: |
||
| Bank overdraft | ||
| Bank loans | 87 | 127 |
| 87 | 127 | |
| Amounts falling due within one and two years: |
||
| Bank loans —1-2years | 86 | |
| Amounts falling due within two and five years: |
||
| Bank loans —2-5 years |
| 2023 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | ||
| Funds | Funds | Total | Total | ||
| 6'000 | F'000 | f'000 | 6'000 | ||
| Fixed assets | 6,676 | 6,676 | 6,218 | ||
| Investments | 5,340 | 5,340 | 5,537 | ||
| Current | assets | 2,401 | 53 | 2,454 | 3,169 |
| Current | liabilities | (1,643) | (1,643) | (1,273) | |
| Long term liabilities | (86) | ||||
| 12,774 | 53 | 12,827 | 13,565 |
| 2 | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | ||
| Funds | Funds | Total | ||
| 6'000 | 6'000 | 6'000 | ||
| Re-stated | ||||
| Fixed assets | 6,218 | 6,218 | ||
| Investments | 5,537 | 5,537 | ||
| Current | assets | 3,126 | 43 | 3,169 |
| Current | liabilities | (1,273) | (1,273) | |
| Long term liabilities | (86) | (86) | ||
| 13,522 | 43 | 13,565 |
| At 1 April 2022 | Net | Transfers | At 31 March | |||||
|---|---|---|---|---|---|---|---|---|
| Movement | in | Between Funds | 2023 | |||||
| Funds | ||||||||
| 6'000 | 6'000 | 6'000 | ||||||
| Unrestricted | funds | |||||||
| General fund |
5,017 | (1,183) | (149) | 3,685 | ||||
| Designated | —tangible | fixed | ||||||
| assets | 6,005 | 584 | 6,589 | |||||
| Designated | —investments | 2,500 | (197) | 197 | 2,500 | |||
| 13,522 | (1,380) | 632 | 12,774 | |||||
| Restricted | funds | |||||||
| Specific | 11 | 11 | ||||||
| Home fund | 19 | 19 | ||||||
| Children's fund |
8 | 8 | ||||||
| StJoseph's | specific legacy | 5 | 5 | |||||
| Capital grants | 642 | (632) | 10 | |||||
| 43 | 642 | (632) | 53 | |||||
| TOTAL FUNDS | 13,565 | (738) | 12,827 |
| MOVEMENT | IN FUNDS | —conti | nued | |||
|---|---|---|---|---|---|---|
| Net movement | in funds | included | in the above are as follows: | |||
| 2023 | Incoming | Resources | Gains and | Movement | ||
| resources 6'000 |
expended f'000 |
losses 6'000 |
in funds f'000 |
|||
| Unrestricted | funds | |||||
| General fund |
16,603 | (17,786) | (1,183) | |||
| Designated —fixed assets Designated —investments |
(197) | (197) | ||||
| 16,603 | (17,786) | (197) | (1,380) | |||
| Restricted funds | ||||||
| Capital grants | 642 | 642 | ||||
| 642 | 642 | |||||
| TOTAL FUNDS | 17,245 | (17,786) | (197) | (738) |
| At 1 April | Prior Year | At 1 April | Net | Transfers | At 31 | |||
|---|---|---|---|---|---|---|---|---|
| 2021 | Adjustment | 2021 | Movement | Between | March | |||
| As Originally | Re-stated | in Funds | Funds | 2022 | ||||
| Stated | ||||||||
| f.'000 | E'000 | F.'000 | f'000 | |||||
| Unrestricted funds |
||||||||
| General fund Designated —tangible |
fixed | 1,926 | 1,926 | 377 | 2,714 | 5,017 | ||
| assets Designated —investments |
8,049 2,500 |
(109) | 7,940 2,500 |
(1,935) | 6,005 2,500 |
|||
| 12,475 | (109) | 12,366 | 377 | 779 | 13,522 | |||
| Restricted funds | ||||||||
| Specific | 11 | 11 | 11 | |||||
| Home fund Children's fund Bet365 adoption services Grant income StJoseph's specific legacy |
38 8 54 779 5 |
38 8 54 779 5 |
(19) (54) |
(779) | 19 8 5 |
|||
| 895 | 895 | (73) | (779) | 43 | ||||
| TOTAL FUNDS | 13,370 | (109) | 13,261 | 304 | 13,565 |
| 2022 | Incoming Resources f'000 |
Resources Expended f'000 |
Gains and Losses f'000 |
Movement in Funds 6'000 |
|---|---|---|---|---|
| Unrestricted funds General fund |
15,473 | (15,435) | 339 | 377 |
| Designated —fixed assets | ||||
| Designated —investments | ||||
| 15,473 | (15,435) | 339 | 377 | |
| Restricted funds Home fund |
(19) | (19) | ||
| Children's fund |
||||
| Bet365 adoption services Covid 19funding |
177 | (54) (177) |
(54) | |
| 177 | (250) | (73) | ||
| TOTAL FUNDS | 15,650 | (15,685) | 339 | (304) |
| Land and | Land and | |||||||
|---|---|---|---|---|---|---|---|---|
| buildings | Other | Totals | ||||||
| 6'000 | f'000 | f'000 | ||||||
| Minimum lease payments |
due: | |||||||
| Within 1 year |
12 | 18 | 30 | |||||
| Within 2 —5years | 6 | 6 | ||||||
| In more than 5years | ||||||||
| 12 | 24 | 36 | ||||||
| 29. RECONCILIATION | OF NET EXPENDITURE | TO NET | CASH FLOW FROM OPERATING | |||||
| ACTIVITIES | ||||||||
| 2023 | 2022 | |||||||
| 8'000 | 9'000 | |||||||
| Net income/(expenditure) for the reporting Statement of Financial Activities) Adjustments for: |
period | (as | per the | (738) | 304 | |||
| Depreciation charges |
620 | 635 | ||||||
| Losses/(gain) on investments Gain on sale offixed assets Interest paid |
197 5 |
(339) (256) 6 |
||||||
| Dividends received (Increase)/decrease Increase/(decrease) |
in debtors in creditors |
(154) (716) 410 |
(132) 680 (296) |
|||||
| Net cash generated | by/(used | in) operations | (376) | 602 |
| ANAL | YSIS OF CHANGES IN NET ( |
DEBT)/FUNDS | ||
|---|---|---|---|---|
| At 1 April 2022 f'000 |
Cash flow 2000 |
At 31 March 2023 6'000 |
||
| Cash | at bank and in hand | 1,745 | (1,431) | 314 |
| Debt | ||||
| Debts | falling due within 1 year |
(127) | 40 | (87) |
| Debts | falling due after 1 year | (86) | 86 | |
| (213) | 126 | (87) | ||
| Total | 1,532 | (1,305) | 227 |