##
##
|Statement offinancial activities|21|
|---|---|
|Balance sheet|22|
|Statement ofcash flows|23|
|Notes tothe financial statements|2447|
##
##
|Trustees and members|Dr Siva Puthrasingam|||
|---|---|---|---|
|ofexecutive committee|Mr Aneel Sharma|||
||Ms Maxine Braham|||
||Mr Derek Ludlow CBEDL|||
||Ms Beverley Creagh|||
||Ms Frances Pardell (appointed||14January 2023)|
|Patron|Professor Greg Whyte OBE|||
|Director|Mrs Colette McKeaveney|MBE|DL|
|Charity number|200463|||
|Head office|Bradbury
House|||
||39 King Street|||
||Luton|||
||Bedfordshire|||
||LU1 2DW|||
|Auditor|HW Bedford Limited|||
||Accountants
and Statutory|Auditor||
||Woburn
Court|||
||2 Railton Court|||
||Kempston|||
||Bedford|||
||MK42 7PN|||
|Bankers|Yorkshire Bank|||
||7Gold Street|||
||Northampton|||
||NN1 1EN|||
||NatWest Bank|||
||31 George Street|||
||Luton|||
||LU1 2YN|||
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|||||||||||As restated|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2023|2023|2023|2022|
|||||||Unrestricted|Restricted|Endowment|Total|Total|
|||||||Funds|Funds|Funds|Funds|Funds|
|||||Notes||8|E|F|6||
|Income and endowments||from:|||||||||
|Donations
and legacies||||||38,162|||38,162|20,206|
|Charitable
activities:|||||||||||
|LLAL income|||||||143,000||143,000|136,184|
|Recruitment
and Retention|||||||35,000||35,000||
|Household
Support service|||||||100,000||100,000||
|Enhancing
Lives||||||||||24,362|
|Befriending,
wellbeing|and lunch||club|service|||41,873||41,873|74,926|
|Hospital
Discharge|||||||207,113||207,113|154,650|
|Farley Big Local|||||||57,000||57,000|80,820|
|Covid-19||||||||||94,672|
|Other grant income||||||||||4,163|
|Income from charitable|services|||||256,894|||256,894|266,561|
|Other trading
activities|||||3|143,143|||143,143|120,845|
|Investments:|||||||||||
|Bank account interest||||||262|140||402|49|
|Other income||||||6,968|||6,968|8,727|
|Total income||||||445,429|584,126|-|1,029,555|986,165|
|Expenditure
on:|||||||||||
|Raising funds|||||3|122,961|||122,961|91,680|
|Charitable
activities|||||4|135,225|678,381||813,606|709,562|
|Total expenditure||||||258,186|678,381||936,567|801,242|
|Net (expenditure)/income||||||187,243|(94,255)||92,988|184,923|
|Transfers
between
funds||||5,14,|15|(36,423)|36,423||||
|Net movement
in funds||||||150,820|(57,832)||92,988|184,923|
|Reconciliation
offunds:|||||||||||
|Total funds at 1 April 2022 (as restated)||||||1,554,484|105,262|171,646|1,831,392|1,646,469|
|Total funds at 31 INarch|2023|||14, 15,|15|1,705,304|47,430|171,646|1,924,380|1,831,392|
##
##
|||||As restated|
|---|---|---|---|---|
|||Notes|2023|2022f|
|Fixed assets:|||||
|Tangible fixed assets||9|471,571|482,247|
|Fixed asset investments||10|320,139|319,999|
|Total fixed assets|||791,710|802,246|
|Current assets:|||||
|Oebtcrs|||26,362|53,572|
|Cash at bank and in hand|||1,238,540|1,165,858|
|Total current assets|||1,264,S02|1,219,430|
|Liabilities:|||||
|Creditors: amounts|falling due|13|(132,232)|(190,284)|
|within one year|||||
|Net current assets|||1,132,670|1,029,148|
|Total assets less current liabilities|||1,924,380|1,831,392|
|Total net assets|||1,$24,380|1,831,3$2|
|The funds ofthe charity:|||||
|Unrestricted
funds||14|1,705,304|1,554,484|
|Restricted funds||18|47,430|105,262|
|Endowment
funds||18|171,646|171,646|
|Total charity funds|||1,924,380|1,831,392|
##
##
|||Notes|2023|2022|
|---|---|---|---|---|
||||6||
|Cash flows from operating|activities:||||
|Net cash used
in operating|activities|22|72,420|321,405|
|Cash flows from investing|activities:||||
|Interest and dividend
income|||402|49|
|Interest income allocated
to|fixed asset|investments|(140)|(30)|
|Net cash used in investing|activities||252|19|
|Change
in cash and cash|equivalents|in|72,682|321,424|
|the year|||||
|Cash and cash equivalents|at the||||
|beginning
ofthe year|||1,165,858|844,434|
|Cash and cash equivalents|at the||||
|end ofthe year|||1,238,540|1,165,858|
##
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##
##
##
##
##
##
##
##
##
|2023|Other|||||
|---|---|---|---|---|---|
||Salary|staff|Premises|Other|2023|
||costs|costs|costs|costs|Total|
|||||5|5|
|Care for the elderly|452,863|22,304|4,252|183,956|663,375|
|Support and governance|82,850||32,936|34,445|150,231|
||535,713|22,304|37,188|218,401|813,606|
|2022||Other||As|restated|
||Salary|staff|Premises|Other|2022|
||costs|costs|costs|costs|Total|
|||F|6|||
|Care for the elderly|464,343|19,959|6,939|92,235|583,476|
|Support and governance|46,220||27,802|52,064|126,086|
||510,563|19,959|34,741|144,299|709,562|
##
|The breakdown
ofsupport
costs is shown
below.|costs and how t|hese were alloc|ated
betwe|en
governance
an|
|---|---|---|---|---|
|2023|Support|Governance|2023|Basis of|
||costs|costs|Total|apportionment|
|Staff costs|81,350|1,500|82,850|Staff time|
|Depreciation|9,260||9,260|Staff time|
|Premises costs|22,398||22,398|Invoiced cost|
|Office costs|14,321||14,321|Invoiced cost|
|Advertising
costs|547||547|Invoiced cost|
|Travel costs|1,278||1,278|Invoiced cost|
|Subscriptions|1,920||1,920|Invoiced cost|
|Professional
fees|8,608||8,608|Invoiced cost|
|Auditor's
remuneration||6,600|6,600|Governance|
|Bank charges|2,423||2,423|Invoiced cost|
|Sundry expenses|26||26|Invoiced cost|
||142,131|8,100|150,231||
##
##
##
|Allocation|ofgovernance
an|d support|costs (continu|ed)||
|---|---|---|---|---|---|
||||As|restated||
|2022||Support|Governance|2022|Basis of|
|||costs|costs|Total|apportionment|
||||E|||
|Staff costs||44,720|1,500|46,220|Staff time|
|Depreciation||6,896||6,896|Staff time|
|Premises costs||19,638||19,638|Invoiced cost|
|Office costs||11,946||11,946|Invoiced cost|
|Advertising|costs|120||120|Invoiced cost|
|Travel costs||1,269||1,269|Invoiced cost|
|Subscription|s|903||903|Invoiced cost|
|Professional|fees|33,903||33,903|Invoiced cost|
|Independent|Examiner's fees||3,000|3,000|Governance|
|Bank charges||2,191||2,191|Invoiced cost|
|Sundry expenses|||||Invoiced cost|
|||121,586|4,500|126,086||
##
|Net (expenditure)/income
for the year|||
|---|---|---|
|This is stated after charging:|||
||2023|2022|
||6||
|Auditors
remuneration
for audit services|6,600||
|Independent
Examiner's fees||3,000|
|Depreciation|10,676|12,243|
|Rent- land and buildings|17,654|20,226|
##
##
##
|Analysis ofstaff costs, trustee
remuneratio
management
personnel|n
and expenses, and the costo|f key|
|---|---|---|
||2023|2022|
|Salaries|596,352|555,921|
|Social Security costs|33,347|25,398|
|Pension Costs|12,852|11,426|
||642,551|592,745|
##
|Transfers|from the|general fund:||||
|---|---|---|---|---|---|
|For the|unfunded|element ofthe HIA and Handyman||fund|30,770|
|For the|unfunded|element ofthe Household|Support|fund|431|
|For the|unfunded|element ofthe lunch club|costs||5,222|
|Net transfer amount|||||36,423|
##
##
##
||||Freehold|Property|Office|Computer|Motor||
|---|---|---|---|---|---|---|---|---|
||||Property
f|Improvements
f|Equipment
f|Equipment
f|Vehicles
f|Total
f|
||Cost||||||||
||At 1 April 2022||504,023|40,349|85,797|27,256||657,425|
||At 31 March 2023||504,023|40,349|85,797|27,256||657,425|
||Depreciation||||||||
||At 1 April 2022||65,744|16,057|71,085|22,292||175,178|
||Charge for the year||4,032|2,012|2,948|1,684||10,676|
||At 31 March 2023||69,776|18,069|74,033|23,976||185,854|
||Net book values||||||||
||31 March 2023||434,247|22,280|11,764|3,280||471,571|
||31 March 2022||438,279|24,292|14,712|4,964||482,247|
|10|Fixed asset investments||||||||
|||||||2023f||2022
f.|
||Endowment
fund|||||300,139||299,999|
||National savings|bond||||20,000||20,000|
|||||||320,139||319,999|
|Debtors||||
|---|---|---|---|
||||As restated|
|||2023f|2022f|
|Other debtors||3,656|41,591|
|Prepayments|and accrued income|21,255|10,754|
|Customer balances||1,451|1,227|
|||26,362|53,572|
##
##
|Bank balances|||
|---|---|---|
||2023|2022|
|Current account|1,237,140|1,164,219|
|Petty cash|1,400|1,639|
||1,238,540|1,165,858|
##
##
|Creditors: amounts|falling due within one yea|r||
|---|---|---|---|
|||2023f|2022
6|
|Taxation and social security|||8,946|
|Other creditors||76,852|50,167|
|Accruals and deferred|income|37,600|117,754|
|Client accounts||17,780|13,417|
|||132,232|190,284|
##
|Deferred income||||
|---|---|---|---|
|||2023|2022|
|At 1 April 2022||80,513||
|Received during
the|year||80,513|
|Released to incoming|resources|(80,513)||
|At 31 March 2023|||80,513|
##
##
|Unrestricted
funds|Unrestricted
funds|Unrestricted
funds|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|As restated||||Movement
in year|||||||||
||Balance at||Incoming
Resources||||||||Balance at||
|1 April 2022
5|||resources
expended
8
f||||Transfers
5|||31 March 2023
5|||
|General fund||946,862||445,429||(255,092)||(36,423)|||1,100,776||
|Designated
fixed|||||||||||||
|asset fund||332,622||||(3,094)|||||329,528||
|Designated
building|||||||||||||
|fund||275,000|||||||||275,000||
||1,554,484|||445,429||(258,186)||(36,423)|||1,705,304||
|During the year ended|31|March 2006|a large||grant was|received towards||the purchase|||ofthe||
|building
at 39 King Street.||During that|year the||Trustees|took the decision||to|designate||part of|the|
|general
fund to represent||the net book|value ofthe assets held as at 31||||March 2006.|||The fund||is|
|reduced each year by|the|depreciation|charged||in respect ofthose assets.||||||||
|During the year ended|31|March 2011|the|Trustees created a new designated|||||fund for||reserves to||
|be held fora Building|Fund fora future||project||to build sheltered
accommodation
for older people.||||||||
|The Trustees are aiming for the Building Project to be completed
within|||||||the next five years and||||||
|consequently
will be seeking
additional|||funding.||||||||||
|Restricted funds|||||||||||||
||||||Movement|in year|||||||
|||Balance|at|Incoming||Resources|||||Balance at||
|||1 April 2022||resources||expended|Transfers|||31 March 2023|||
||||F||8|8||||||E|
|Core funding|||||143,000|(143,000)|||||||
|Recruitment
and retention|||||35,000|(35,000)|||||||
|Household
Support|||||100,000|(100,431)|||431||||
|Covid-19||2,607||||(2,607)|||||||
|Befriending
and Wellbeing||(1,333)|||41,873|(49,823)||||||(9,283)|
|Home Repair and Handyman
30,000||||||(30,770)|||30,770|||30,000|
|Enhancing
Lives||2,475||||(308)||||||2,167|
|Lunch clubs|||||140|(5,362)|||5,222||||
|Hospital Discharge||4,340|||207,113|(210,530)||||||923|
|Farley Big Local||49,753|||57,000|(100,550)||||||6,203|
|Long Term Conditions||5,289||||||||||5,289|
|ITProject||12,000||||||||||12,000|
|Spread the Warmth||131||||||||||131|
|||105,262|||584,126|(678,381)|||36,423|||47,430|
##
##
##
##
|Details ofthe transfers are in note 8|Details ofthe transfers are in note 8|on page 29.||
|---|---|---|---|
|Name offund||Nature, purpose and description
offund||
|Core funding||Funding
received from LLAL||
|Recruitment|and Retention|Funding
received to support staff in their training
and||
|||ongoing
development||
|Covid-19||For supporting
older people through
the pandemic||
|Household|Support|For supporting
older people
in their households||
|Befriending|and Wellbeing|For services to promote social support and companionship.||
|Home Support||For supporting
older people to remain
living
in|their own|
|||homes.||
|Home Repair and Handyman||For providing
repairs to homes ofolder people|and to ensure|
|||the homes are safe and secure for the resident.||
|Enhancing|Lives|Forservices to provide support to older people,|including|
|||with applications
for financial
and other support.||
|Lunch clubs||For the lunch clubs held at Vesper House.||
|Hospital
Discharge||For the support of patients
who have recently been||
|||discharged
from hospital.||
|Farley Big|Local|For the improvement
ofthe Farley
Hill local area.||
|Long Term|Conditions|For the support of people with a long term condition.||
|ITProject||Grants received for the upgrade ofthe charity's|IT|
|||equipment.||
|Spread the|Warmth|Donations
received to help people keep warm|in winter.|
##
##
##
##
|Net ass|et|s held by fu|nds|||||
|---|---|---|---|---|---|---|---|
|||||Cash||||
||||Fixed|at bank &|Other|||
||||Assets|Investments|Assets|Creditors|Total|
||||E|E|E|E|F|
|General|fund||471,571|1,339,603|26,362|(132,232)|1,705,304|
|Restricted||fund||47,430|||47,430|
|Endowment||fund||171,646|||171,646|
||||471,571|1,558,679|26,362|(132,232)|1,924,380|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Land and buildings/other||leases:||||
|Within one year||||6,472|5,280|
|Between 2 and 5years||||17,333|1,859|
|In over 5years||||||
|Total future
minimum|lease payments|||23,805|7,139|
|There are no capital|commitments||(2022: Enil).|||
##
##
##
##
|Opening|reserves at 1 April 2022 (as previously|stated)|1,845,216|
|---|---|---|---|
|Prior year|adjustment||(13,824)|
|Opening|reserves at 1 April 2022 (as restated)||1,831,392|
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||5||
|Net income for the year|||||92,988|184,923|
|Less investment
income shown||in investing|activities||(402)|(49)|
|Add back depreciation|||||10,676|12,243|
|(Increase)/decrease
in debtors|||||27,210|44,112|
|(Decrease) in creditors|||||(58,052)|80,176|
|Net cash flow from operating|activities||||72,420|321,405|
|Cash and cash equivalents|||||||
|Year ended 31 March 2023|||||2023|2022|
||||||5|F|
|Cash and cash equivalents|||||1,238,540|1,165,858|
|Year ended 31 March 2022|||||2022|2021|
|||||||E|
|Cash and cash equivalents|||||1,165,858|844,434|
|Analysis ofchanges
in net||funds|||||
|||||2022|Cash flow
f|2023
f|
|Net cash|||||||
|Cash at bank and
in hand||||1,165,858|72,682|1,238,540|
|||||1,165,858|72,682|1,238,540|
|||||1,165,858|72,682|1,238,540|
##
##
##
|purposes.||||
|
|
|---|---|---|---|---|---|
|||As restated||As restated||
|||2022|2022|2022|2022|
|||Unrestricted|Restricted|Endowment|Total|
|||Funds|Funds|Funds|Funds|
|||6|6|E|6|
|Income and endowments|from:|||||
|Donations
and legacies||20,206|||20,206|
|Charitable
activities:||||||
|LLAL income|||136,184||136,184|
|Enhancing
Lives|||24,362||24,362|
|Befriending
and lunch club service|||74,926||74,926|
|Hospital Discharge|||154,650||154,650|
|Farley Big Local|||80,820||80,820|
|Covid-19|||94,672||94,672|
|Other grant income|||4,163||4,163|
|Income from charitable services||266,561|||266,561|
|Other trading
activities||120,845|||120,845|
|Investments:||||||
|Bank account interest||19|30||49|
|Other income||8,727|||8,727|
|Total income||416,358|569,807||986,165|
|Expenditure
on:||||||
|Raising funds||91,680|||91,680|
|Charitable
activities||117,460|592,102||709,562|
|Total expenditure||209,140|592,102||801,242|
|Net (expenditure)/income||207,218|(22,295)||184,923|
|Transfers
between
funds||(41,333)|41,333|||
|Net movement
in funds||165,885|19,038||184,923|
|Reconciliation offunds:||||||
|Total funds at 1 April 2021||1,388,599|86,224|171,646|1,646,469|
|Total funds at 31 March 2022||1,554,484|105,262|171,646|1,831,392|