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2023-03-31-accounts

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Priority Action Achievements
in 2022/29		 Planned Action 2029/24
Identify and invest in Following the acquisition ofa Conduct a full housing stock
more off-site house in Fetcham
in 2021, it		 survey of all Grange
accommodation
in the		 was decided not to make any accommodation.
Mole Valley 'corridor for
supported
living tenants;		 further
investments
in
accommodation
until the
staffing challenges
facing
sector have eased.		 the Apply new rent-setting
policies to all existing housing
stock to determine
whether
an appropriate
financial
return
is being made on this
housing.
Remodel and improve the Planning
consent was		 Business case/budget
to be
horticulture
facilities on		 received
in January 2022.		 developed.
site: this will provide
larger, more modern
spaces for skills sessions,
a customer-facing
retail		 Research was conducted to
ascertain the needs ofthe
community.
Modifications to
the original
design were		 Fundraising
campaign to be
initiated,
working
on large-
scale capital grants first - Your
area and potentially
facilities to enable some
new activities to take		 proposed,
and a design team
appointed.		 Fund Surrey, Lottery.
Individual
fundraising
through
events and public appeal,
place; Project coordinator
appointed,
who is also lead
fundraiser
for the project.		 Timetable of pre-build
activities drawn
up to ensure
planning
conditions
met.
Obtain planning
consent for
modifications
to original
plan
Ifadequate
funds are
available construction
to start
in 2024.
Priority Action Priority Action Achievements Achievements in 2022/23 Planned Action 2023/24
Enhance our retail sales New product lines introduced More on-line retail (eg via
on-line and in person in and tested (sheep, cows, Etsy and other 'marketplace'
order to make the most leaves) websites) to be developed.
ofthe talent and
creativity
Grange.		 within The New branding
go across all		 developed to
merchandise.		 Relaunch ofwebsite, with
accompanying
improvements
to on-line shop and booking
Website redesign
underway.		 system.
Introduced SumUp point of Work towards integration
of
sale system covering online shop and in-person
Horticulture, Enterprise, point ofsales system.
Catering, Donations
and
occasional transactions. Active marketing
to potential
Several outside organisations
started to stock Grange
products.		 stockists. Review systems for
optimising
sales through
3"
parties.
Make more use ofShop¹S for
personalised
embroidery
orders.
Courtyard
Cafe to be opened
five days a week and to
become more customer
orientated
as pilot for OLCC
Ensure The Grange is Approved Supplier status Register interest on DPS
approved on the SCC confirmed tendering
system and submit
Dynamic Purchasing all required
documentation.
System (DPS)
Develop outcomes based Plan curriculum
for Learn to
course under the Skills for Earn and Transition
courses,
Life programme. and introduce
pilot and/or
taster sessions for these.

Notes Unrestricted Restricted 2023 2022
Funds Funds
f f F
Turnover 5 5,089,596 55,277 5,144,873 4,723,441
Normal operating
costs		 6 ( 5,003,615) ( 161,580) ( 5,165,195) ( 4,630,271)
Operating surplus/(deficit) 85,981 ( 106,303) ( 20,322) 93,170
Dividends and interest 52,480 52,480 35,066
Donations, legacies and fundraising (less costs)
Donations,
legacies and		 fundraising 122,023 125,531 247,554 160,556
Grants (Covid related) 83,022
Fundraising
events cost		 ( 4,648) ( 4,648) ( 4,526)
Interest payable
Statement oftotal recognised surplus
Realised surplus/(deficit) for the year 255,836 19,228 275,064 367,288
Profit/(Loss)
on asset		 disposal ( 72) ( 674) ( 746) ( 465)
Unrealised
profit/(loss)		 on investment
assets 11 ( 59,405) ( 59,405) 86,058
Transfer between
funds		 19 ( 1,392) 1,392
Total recognised
surplus/(deficit)		 for the year 194,967 19,946 214,913 452,881
Revenue reserve at 1st April 2022 19 7,316,210 2,633,489 9,949,699 9,496,818
Revenue reserve at 31st March 2023 19 7,511,177 2,653,435 10,164,612 9,949,699

Notes Unrestricted Restricted 2023 2022
Funds Fundsf f
Income
Donations,
legacies and grants		 4 108,628 125,531 234,159 154,179
Grants (Covid Related) 83,022
Income from charitable
activities		 5 5,089,596 55,277 5,144,873 4,723,441
Event income 4 13,395 13,395 6,377
Investment
income		 52,480 52,480 35,066
Total Income 5,264,099 180,808 5,444,907 5,002,085
Expenditure
Cost of raising funds ( 4,648) ( 4,648) ( 4,526)
Expenditure
on charitable
activities		 6 ( 5,003,615) ( 161,580) ( 5,165,195) ( 4,630,271)
Total expenditure ( 5,008,263) ( 161,580) ( 5,169,843) ( 4,634,797)
Net income/(expenditure)
before gains and losses
on investments
and property		 255,836 19,228 275,064 367,288
Progt/(Loss) on asset disposal ( 72) ( 674) ( 746) ( 465)
Net profit/(loss)
on investment		 11 ( 59,405) ( 59,405) 86,058
Net income
/ (expenditure)		 196,359 18,554 214,913 452,881
Transfer between funds 19 ( 1,392) 1,392
Net income and net movement in funds for the year 194,967 19,946 214,913 452,881
Reconciliation offunds
Total funds brought forward 19 7,316,210 2,633,489 9,949,699 9,496,818
Total funds carried forward 19 7,511,177 2,653,435 10,164,612 9,949,699

Notes 2023 2022
Fixed Assets
Freehold property- net book value 10.1 6,757,850 6,928,808
Other tangible fixed assets 10.2 1,290,722 1,300,887
Investments 11 1,478,711 1,313,116
9,527,283 9,542,811
Current Assets
Stocks 20,266 16,161
Debtors 12 625,857 397,529
Cash at bank and in hand 13 2,209,202 2,303,600
2,855,325 2,717,290
Less: Creditors falling due within one year 14 (536,063) (573,192)
Net current assets 2,319,262 2,144,098
Total assets less current liabilities 11,846,545 11,686,909
Creditors: amounts falling due after more than one
year 15 (1,681,933) (1,737,210)
Total Net Assets 10,164,612 9,949,699
The Funds ofthe Charity
Restricted Funds: 19
Restricted
building		 fund 2,278,333 2,321,318
Restricted
equipment		 fund 209,879 250,961
Capital appeal and other restricted funds 165,223 61,210
2,653,435 2,633,489
Unrestricted
Funds:
General
fund		 19 7,511,177 7,316,210
10,164,612 9,949,699

Notes 2023 2022
Cash flows from operating
activities		 21 ( 102,903) 501,984
Legacies, grants donations
and fundraising		 242,906 239,052
Cash flows'from
operating
activities and		 fundraising 140,003 741,036
Cash flows from investing
activities
Interest and dividends
received		 52,480 35,066
Purchase ofinvestments ( 225,000) ( 350,000)
Proceeds from sale ofassets 470 1,300
Purchase oftangible fixed assets ( 62,351) ( 916,362)
Cash (used in) investing
activities		 ( 234,401) ( 1,229,996)
Cash flows from financing
activities
Grant received
/ receivable		 22 100,000
Cash provided
by financing
activities		 100,000
Increase/(decrease)
in cash and cash equivalents		 ( 94,398) ( 388,960)
Cash and cash equivalents
at the beginning		 ofthe year 2,303,600 2,692,560
Total cash and cash equivalents
at the end		 ofthe year 2,209,202 2,303,600

2023 2023 2023 2022
Operating Operating Operating
f Costs Surplus
f		 Surplus
f
Social housing lettings 754,170 ( 512,548) 241,622 110,114
Capital grant income and matching
depreciation 55,277 ( 55,277)
Non social housing activities 4,335,426 ( 4,597,370) ( 261,944) ( 16,944)
5,144,873 ( 5,165,195) ( 20,322) 93,170
PARTICULARS OF INCOME AND EXPENDITURE FROM SOCIAL HOUSING LETTINGS
2023f 2022
f.
Rent receivable net of identifiable service charges' 553,120 540,313
Service income 136,755 114,978
Gross rental income 689,875 655,291
Voids ( 4,589)
Net rental income 685,286 655,291
Charges for utilities and other items 68,884 78,429
Turnover from social housing lettlngs 754,170 733,720
Management «68,665) ( 203,707)
Services ( 171,473) ( 230,365)
Routine maintenance ( 57,702) ( 55,253)
Planned
maintenance		 ( 78,064) ( 57,161)
Depreciation
of		 housing properties ( 36,644) ( 34,654)
Other coals ( 42,466)
Operating costs on social housing lettings ( 512,548) ( 623,606)
Operating
surplus		 on social housing lettings 241,622 110,114
See note 5for a breakdown ofincome from social and non-social housing
lettings.
There were no arrears of rent as at31stMarch 2023.
2023 2022
Number ofbed spaces in management including residential care 82 82

2023 2023 2023 2022
Unrestricted Restricted Total Total
Funds
f		 Funds
f		 f
Donations:
General 49,428 1,392 50,820 120,644
Restricted funds
Grants (Non Covid) 49,200 124,139 173,339 28,535
Grants (Covid related) 83,022
Legacies 10,000 10,000 5,000
Donations, grants and legacies 'l08,628 125,531 234,159 237,201
Fundraising Events income 13,395 13,395 6,377
122,023 125,531 247,554 243,578
5 INCOME FROM ACTIVITIES IN FURTHERANCE OFTHE CHARITY'S OBJECTS
2023f 2022
Social Housing Lettings 754,170 733,720
Non Social Housing Activities:
Residential care 815,617 780,780
Supported living 2,019,393 1,796,893
Skills and activities 1,439,934 1,341,392
Other 60,482 15,879
5,089,596 4,668,664
Restricted Capital Grant income 55,277 54,777
5,144,873 4,723,441
6COSTS OF ACllVITIES IN FURTHERANCE OF THE CHARITY'S OBJECTS
2023 2023 2023 2022
Activities Support Total Total
Undertaken Costs
Directly f. f
Social Housing 481,516 31,032 512,548 623,606
Residential care 860,187 175,848 1,036,035 922,123
Supported living 1,778,185 370,660 2,148,845 1,654,120
Skills and activities 1,101,031 205,156 1,306,187 1,208,016
4,220,919 782,696 5,003,615 4,407,865
Restricted Social Housing snd other expenditure 161,580 161,580 222,406
4,220,919 944,276 5,165,195 4,630,271
6.1 Governance Costs
2023 2022
Staff and office costs 23,975 33,253
Audit 14,820 19,200
Legal 8 professional 1,073 3,277
39,868 55,730
7 NET INCOMING RESOURCES FOR THE YEAR 7 NET INCOMING RESOURCES FOR THE YEAR 7 NET INCOMING RESOURCES FOR THE YEAR 7 NET INCOMING RESOURCES FOR THE YEAR 7 NET INCOMING RESOURCES FOR THE YEAR
2023 2022
5 6
Surplus for the year is stated after charging:
Auditors'
remuneration
inclusive of		 VAT, for external audit 14,820 19,200
Auditors'
remuneration
inclusive of		 VAT, for other services
Depreciation
on owned tangible fixed assets		 242,258 246,075
Trustee Indemnity
Insurance		 1,633 1,547
Lease payments 25,658 25,658
Trustee travel and other expenses 465
No remuneration
was paid to any Trustee
No. No.
The number oftrustees who were paid travel expenses
8EMPLOYEE INFORMATION
a) Employees
2023 2022
The average number ofemployees during the year was 141 133
The average
full-time
equivalent
was		 107
2023 2022
6
Staff costs for the above persons:
Gross wages and salaries 3,113,432 2,868,869
Social security costs 255,817 218,079
Pension contributions 100,638 93,867
3,469,887 3,180,815
Number
ofemployee
received emoluments		 of more than 660,000 - One (2022 - One).
The Company operates
two defined		 contribution group personal pension schemes and the charge for the year
represents
the Company's
share of contdibutions		 payable.
b) Chief Executive and Senior Management Team
2023 2022
There was a change
in CEO on 1 December		 2022.The CEO remuneration below is
the sum ofthe two salaries.
Gross salary (excluding
pension
contribution)
the Accounting
Direction for Private Registered		 ofthe Chief
Providers		 Executive (as defined
by
of Social Housing 2019).		 81,687 68,847
Gross salary (excluding
pension
contributions)		 ofthe Senior Management Team (as
defined
by the Accounting
Direction		 for Private Registered Providers of Social 233,103 232,952
Housing 2019).

10FIXEDAS SETS SETS
10.1 Freehold property comprises:
Accom- Swimming Horticulture Main Total
modation
for		 Pool Buildings House and
supported Other
people
Cost
At 1st April 2022 7,534,642 162,371 233,724 1,387,511 9,318,248
Additions
and		 improvements
Disposals
Cost at 31st March 2023 7,534,642 162,371 233,724 1,387,511 9,318,248
Depreciation
At 1st April 2022 (1,905,173) (58,681) (98,281) (327,305) (2,389,440)
Depreciation charge in year (135,384) (3,248) (4,675) (27,651) (170,958)
On Disposals
Depreciation at 31st March 2023 (2,040,557) (61,929) (102,956) (354,956) (2,560,398)
Net Book Values
At 31st March 2023 5,494,085 100,442 130,768 1,032,555 6,757,850
At 31st March 2022 5,629,469 103,690 135,443 1,060,206 6,928,808

10.2 Other Tangible Ass ets
Leasehold Fixtures & Vehicles & Total
Property
&		 Equipment Garden
Improvements Machinery
5
Cost
At 1st April 2022
Additions
Disposals		 1,193,610 571,867
52,042		 134,912
1,900,389
10,309
62,351
~6,65D ~6,650
At 31stMarch 2023 1,193,610 623,909 138,571 1,956,090
Depreciation
At 1stApril 2022 (132,068) (384,659) (82,775) (599,502)
Depreciation
charge in year		 (19,756) (36,791) ( 14,753) (71,300)
On disposals 5,434 5,434
At 31stMarch 2023 (151,824) (421,450) (92,094) (665,368)
Net book values
At 31stMarch 2023 1,041,786 202,459 46,477 1,290,722
At 31st March 2022 1,061,542 187,208 52,137 1,300,887
The leasehold
properties		 comprise a house
in		 Epsom and four flats in Leatherhead. The Epsom leasehold
property was donated to The Grange, and is for 125years. The estimate of the value of this giR is shown
in note
24.The lease for the four flats in Leatherhead is for 999years.
Additions
in the year include: solar		 panels, a ride on buggy forthe grounds, equipment for embroidery, washing
machine,
dishwasher
and oven.
2023 2022
11INVESTMENTS f
Assets held in the UK:
Market value at 1st April 2022 1,313,116 877,058
Investments
purchased		 during year 225,000 350,000
Unrealised
(loss) /gain on investments		 for year ( 59,405) 86,058
Market value at 31stMarch 2023 1,478,711 1,313,116
Cost at 1st April 2022 782,377 432,377
Purchase
during the year
Cost at 31stMarch 2023		 225,000
1D07377,
350,000
782,3 7		 ,
There were no sales during the year.
All the above investments are in investment funds, consisting of listed shares and securities.
The investment
portfolio		 comprised the following investments: 2023 5 %ofTotal
29,024.85 units ofCOIF Charity Investment Fund Income Units. 543,827 36.78%
331,471.91 units ofCOIF Charities Ethical Investment
Fund Income Units.		 934,884 63.22%

12DEBTORS 2023 2022
8 6
Fees receivable less provision for bad debts 558,621 350,103
Prepayments 66,170 47,215
Grants receivable
Tax recoverable
Investment
income accrued		 1,066 211
625,857 397,529
13CASH 2023 2022
6 6
Cash at bank and in hand 2,209,202 2,303,600
14CREDITORS Amount falling due within one year 2023 2022
8 6
Trade creditors 81,898 64,693
Accruals 41,401 37,909
Deferred capital grant income 55,278 55,276
Taxation and social security 78,499 70,624
Other 278,987 344,690
536,063 573,192
15CREDITORS Amounts falling due after more than one
year 2023 2022
6
Deferred capital grant income 1,681,933 1,737,210

18MEMBERSHIP (Company limited by guarantee limited by guarantee having no share capital)
2023 2022
Number
of Members at 31st March 2023		 8 9
Maximum
liability ofeach Member		 f1 ft
19RECONCILIATION
OF MOVEMENT
IN FUNDS
Unrestricted
Funds
Un-
restricted
Funds
Balance at 1st April 2022 7,316,210
Total recognised
unrestricted		 surplus for year 194,967
Balance at 31st March 2023 7,511,177
Restricted Funds
Restricted Restricted Capital Other Total
building equipment Appeal restricted
fund fund funds
Balance at 1st April 2022 2,321,318 250,961 57,315 3,895 2,633,489
Donations
and other receipts		 55,277 125,531 180,808
Interest received
Transfers
in/(out)		 1,148 244 1,392
Charitable
expenditure		 ( 98,262) ( 42,230) ( 21,762) ( 162,254)
Balance at 31st March 2023 2,278,333 209,879 57,315 107,908 2,653,435

20ANALYSIS O F ASSETS AND LIABILITIES O VER FUNDS
UN- RESTRICTED TOTAL
RESTRICTED FUNDS
FUNDS
FIXEDASSETS
Freehold
properly		 3,251,906 3,505,944 6,757,850
Leasehold
properly		 410,783 631,003 1,041,786
Other tangible assets 151,048 97,888 248,936
Investments 1,478,711 1,478,711
CURRENT ASSETS
Stocks 20,266 20,266
Debtors 625,857 625,857
Cash 2,053,391 155,811 2,209,202
CURRENT LIABILITIES ( 480,785) ( 55,278) ( 536,063)
Deferred Grants ( 1,681,933) ( 1,681,933)
7,511,177 2,653,435 10,164,612
Freehold
restricted		 Property comprises
Property funded by the Building Fund 2,252,733
Property funded by Capital Grants 1,253,211
3,505,944

2023 2022
g
Operating
(deficit)/surplus		 (See p.37) ( 20,322) 93,170
Adjust for non -cash items
Depreciation 242,258 246,075
Capital grant income for year (non cash) ( 55,277) ( 54,777)
166,659 284,468
Working
Capital Movements
(Increase)/Decrease in stocks ( 4,105) ( 1,567)
(Increase)
/ decrease		 in debtors ( 228,328) ( 56,913)
(Decrease) / increase in creditors and provisions ( 37,129) 277,996
Transfer to / (from) deferred grants &1 year to creditors ( 2,000)
Net cash (outflow)/inflow from operating activities ( 102,903) 501,984

22 ANALYSIS OF CHANGES
IN FINANCING
DURING THE		 YEAR
Housing Mole Valley Other
Corporation DC Grant Capital
Grant Grants
g
Balance at 1st April 2022 1,927,279 840,000 96,559
Grant received
/ receivable
Disposal ofassets at end ofuseful life
Balance at 31st March 2023 before income release 1,927,279 840,000 96,559
See note 16for non cash income release from grants

Unrestricted Restricted Total Funds
5
Income
Donations
and legacies		 123,744 30,435 154,179
Grants (Covid Related) 83,022 83,022
Income from charitable activities 4,668,664 54,777 4,723,441
Event income 6,377 6,377
Investment
income		 35,066 35,066
Total income 4,833,851 168,234 5,002,085
Expenditure
Cost ofraising funds ( 4,526) ( 4,526)
Expenditure
on charitable		 activities ( 4,407,865) ( 222,406) ( 4,630,271)
Total expenditure ( 4,412,391) ( 222,406) ( 4,634,797)
Net income/(expenditure) before gains on investments 421,460 ( 54,172) 367,288
Profit/(Loss)
on asset disposal		 ( 465) ( 465)
Net profit/(loss)
on investments		 86,058 86,058
Net income
/ (expenditure)		 507,053 ( 54,172) 452,881
Transfer between
funds		 66,973 ( 66,973)
Net income and net movement in funds for the year 574,026 ( 121,145) 452,881
Reconciliation
of funds
Total funds brought
forward		 1 April 2021 6,742,184 2,754,634 9,496,818
Total funds carried forward 31 March 2022 7,316,210 2,633,489 9,949,699