## |||Page| |---|---|---| |Trustees report||1-12| |Independent
auditor's|report|| |Statement
offinancial|activities|15-16| |Balance sheet||17| |Statement ofcash fiows||16| |Notes to the financial|statements|19-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |~Rik
t:|~Rik
t:|~Rik
t:|~Rik
t:|~Rik
t:|~Rik
t:|~Rik
t:|~Rik
t:||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The Trust undertakes||||||||a formal||||Risk Assessment||||on||an annual
basis. The Risk Assessment
and||Risk Register is|| |updated
alongside
Assessment.
Risks|||||||the 5Year Business
are colour coded.||||||Plan.
Red is||The 5 Year Business Plan takes account of risks identified
in
critical, Amber is highly
Important
or significant,
and Green||||||the Risk
is minor.| |Risks are categorised as either Management
and
place to reduce or eliminate
each identified
risk.
management.
For example,
before any operational
and,
within
Senior
Management
and
Registered||||||||||||||||Governance,
Operational,
Financial
or External.
Controls are in
The mitigation
of risk is considered
on an ongoing
basis by key
changes or any developments
In activities
provided
by the Trust,
Management
meetings.
Any
newly
identified
critical
risks are|||||| |flagged||up to||Trustees||||either||before or|||at the||next|planned trustee meeting.|||||| |At November||||2022|||the|principal||||risks facing||the charity||||and the strategies to manage them were as||follows:|| |Risk||||||||||||||||||Controls|||| |he|Trust|||is|unable|||to||respond|||to|placeman||||Communicate
closely with commissioners,|||| |requests||||||||||||||||||Explain ethos ofthe Trust as a permanency|provider,||| |||||||||||||||||||Use
existing
capacity
to
best
effect||withou|| |||||||||||||||||||compromising
quality,|||| |||||||||||||||||||Build placement
capacity,|||| |||||||||||||||||||ork with commissioners
to understand
their||needs.|| |Local Authorities||||||stance on|||Staying Put placements|||||||||Review potential
impact over next 5years,|||| |||||||||||||||||||Maintain
dialogue
with local authorhies
concerned,|||| |||||||||||||||||||Lobby government
via FFP group,|||| |||||||||||||||||||Review
Budget
8 5 Year Plan to earmark||potentia|| |||||||||||||||||||carer support,|||| |||||||||||||||||||Look at staff training
to meet needs of Staying
Put|||| |||||||||||||||||||Over 18support.|||| |Government||||/|Local Authority||||||cuts push down fees||||||t|Review service provision,|||| |unsustainable|||||levels|||||||||||||Review staff utilisation,|||| |||||||||||||||||||Find ways of making
savings
in delivery,|||| |||||||||||||||||||Reduce central cost base,|||| |||||||||||||||||||Find value suppliers e.g. Insurance,
IT, HR,|etc.,||| |||||||||||||||||||Review policy of limiting the number
ofplacements|||i| |||||||||||||||||||ach area - increase
placement
numbers||at lowe|| |||||||||||||||||||ee,|||| |||||||||||||||||||Co-operate
with other smaller providers
in the sector,|||| |||||||||||||||||||Support
the
development
of FFP
and||develo|| |||||||||||||||||||influence
in government
/ local authorities.|||| |Sector||consolidation||||||harms||small operators||||||||Monitor
changes
to
the
number
of||agencie|| |||||||||||||||||||perating
in the sector,|||| |||||||||||||||||||Research possible merger/purchase
targets,|||| |||||||||||||||||||Get
to
critical
mass
and
maintain|placeman||| |||||||||||||||||||numbers,|||| |||||||||||||||||||Compete on fee rates and foster carer fees,|||| |||||||||||||||||||Continue to build add on services,|||| |||||||||||||||||||Monitor LAfor tender opportunities.|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| ||||funds|funds|funds||| ||||designated||||| |||Notes|2022|2022|2022f|2022
6|2021
8| |t|||||||| |Donations
and legacies||3|34,525|||34,525|15,550| |~Ch
't
bt
di t'|||||||| |Foster care local authoriity
recharges
Student fees|fees and||8,636,947
7,400|||8,636,947
7,400|7,637,892
5,400| |Investments||4|20,239|||20,239|44,577| |Total income|||8,699,111|||8,699,111|7,703,419| |~ddtt|||||||| |R~ii
t
Fundraising
and publicity
Investment
management|||198
64,688|||198
64,688|272
32,562| ||||64,886|||64,886|32,834| |Ch
bth
Foster care
Fostering
independence
Lifetime carer costs||6
8
6|8,385,212
3017|68,453||8,385,212
3,017
68,453|7,478,778
2,700
63,414| |Total charitable expenditure|||8,388,229|68,453||8,456,682|7,544,892| |Total expenditure|||8,453,115|68,453||8,521,568|7,577,726| |Net gains/(losses)
on investments||9|102,120|||102,120|218,493| |Gross transfers
between|funds||(68,453)|68,453|||| |Net income for the year/
Net movement
in funds|||279,663|||279663|344 186| |Fund balances at 1 January 2022|||2,224,693|1,145,571|412|3,370,676|3,026,490| |Fund balances at 31 December||2022|2,504,356|1,145,571|412|3,650,339|3,370,676| ## ## ## ## ## ||||2022||2021|| |---|---|---|---|---|---|---| |||Notes|||6|| |Fixed assets
Tangible assets
Investment
properties
Investments||10
11
12||1,517,571
1,100,000
6,093||1,702,924
1,100,000
11,093| |||||2,623,664||2,814,017| |Current assets
Debtors||13|516,344||560,160|| |Investments
Cash at bank and in hand|||1,002,832||3,398
441,910|| ||||1,519,176||1,005,468|| |Creditors: amounts
one year|falling due within|15|(446,501)||(338,182)|| |Net current assets||||1,072,675||667,286| |Total assets less cunsnt liabilities||||3,696,339||3,481,303| |Creditors: amounts
more than one year|falling due after|16||(46,000)||(110,627)| |Net assets||||3,650,339||3,370,676| |Income funds
Restricted funds
Unrestricted
funds -
General unrestricted|designated
funds|17||412
1,145,571
2,504,356||412
1,145,571
2,224,693| |||||3650339||3,370,676| ## ## ## |||2022||2821|| |---|---|---|---|---|---| ||Notes|f||8|| |Cash flows from operating
activities
Cash generated
from operations|24||324,836||79,355| |investing
activities|||||| |Purchase oftangible
fixed assets||(5,873)|||| |Proceeds from disposal oftangible fixed
assets||138,692|||| |Proceeds from disposal of investments
Investment
income received||110,518
20,239||65,270
44,577|| |Net cash generated
from investing
activities|||263,576||109,847| |Financing
activities
Repayment
of bank loans||(27,490)||(27,962)|| |Net cash used in financing
activities|||(27,490)||(27,962)| |Net increase in cash and cash equivalents|||560,922||161,240| |Cash end cash equivalents
at beginning|ofyear||441,910||280,670| |Cash and cash equivalents
at end of|year||1,002,832||441,910| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4|investments|||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||2022|2021| ||||0|5| ||Rental income||20,239|44,577| |5|Raising funds|||| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||2022|2021| |||||6| ||Seeking donations|snd legacies|198|272| ||||198|272| ## |Charitable
ac|tivities||||||| |---|---|---|---|---|---|---|---| ||||Foster care|Fostering
independence|Llfegme
carer costs|Total
2022|Total
2021| ||||2022|2022|2022||| ||||6|6|||| |Depreciation
and impairment
Families costs
Foster panel and carers recruitment
Salaries and related|||30,277
5,466,628
96,763
1,418,478|2,412|8,573
47,872|38,850
5,516,912
96,763
1,418,478|41,208
4,871,203
88,222
1,237,774| ||||7,012,146|2,412|56,445|7,071,003|6,238,405| |Share ofsupport costs (see note 7)|||1,292,501|570|11,316|1,304,387|1,120,363| |Share ofgovernance
7)||costs (see note|80,565|35|692|81,292|186,124| ||||6,385,212|3,017|66,453|8,456,682|7,544,892| |Analysis
by
Unrestricted
Unrestricted|fund
funds
funds -|designated|8,385,212|3,017|68,453|8,388,229
68,453|7,481,478
63,414| ||||8,385,212|3,017|68,453|8,456,682|7,544,892| ## ## ## ## |Suppok and governance|costs||||| |---|---|---|---|---|---| ||Support
costs|Governance
costsf|2022|2021|Basis ofallocation| |Staff costs|700,531|60,916|761,447|765,888|On time spent| |Depreciation
General ofgce costs|13,684
590,172|5,293|13,684
595,465|22,553
397,809|Direct usage
Pro rata FTE Staff| |Audit fees||9,013|9,013|18,690|Governance| |Legal and professional
Bank charges
Trustees expenses
reimbursed||1,163
2,831
604|1,163
2,831
604|92,094
2 391
1,648|Governance
Governance
Governance| |Trustee board meetings||1,472|1,472|5,414|Governance| ||1,304,387|81,292|1,385,679|1,306,487|| |Analysed
between
Charitable
activities|1,304,387|81,292|1,385,679|1,306,487|| |h|thl|numberofemployees|during the year was:||| |---|---|---|---|---|---| |e average|mony|||2022|2021| |||||Number|Number| |||||45|45| |Direct charitable
purposes
Management
and administration||||9|8| ||||||53| |Total|||||| |Employment|costs||||| |Wages and salaries
Social security costs
Other pension costs||||1,821,786
200,567
157,572|1,681,342
174,467
147,853| |||||2,179,925|2,003,662| ## ## ## |Employees||||(|Continued)| |---|---|---|---|---|---| |The number ofemployees|whose annual|remuneration|was more than E60,000||| |isas follows:|||||| |||||2022|2021| |||||Number|Number| |In the band E60,001 -E70,000|||||| |In the band E100,001-E110,000|||||| ## |Net gains/(l|oss|es)
on inv|estments||| |---|---|---|---|---|---| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||2022|2021| |||||E|| |Gain/(loss)
Revaluation|on
of|sale of investments
investment
properties||102,120|200,000
18,493| |||||102,120|218,493| ## ## ## |10|Tangible fixed assets||Buildings|Ofgce|fqxturss,|Total| |---|---|---|---|---|---|---| ||||Improvements||fittings snd|| ||||||equipmentf|| ||Cost|||||| ||At 1 January 2022
Additions||1,874,911|115,278|265,675
5,872|2,255,864
5,872| ||Disposals||(167,756)|||(167,756)| ||At 31 December 2022||1,707,155|115,278|271,547|2,093,980| ||Depmciatfon
and impairment
At 1 January 2022
Depreciation
charged
in the year
Eliminated
in respect ofdisposals||203,932
28,487
(29,064)|97,183
12,992|251,825
11,054|552,940
52,533
(29,064)| ||At 31 December 2022||203,355|110,175|262,879|576,409| ||Carrying
amount
At 31 December 2022||1,503,800|5,103|8,668|1,517,571| ||At 31 December 2021||1,670,980|18,095|13,849|1,702,924| |11|Investmentproperty|||||2022f| ||Fair value
2022|31Db2022||||1,100,000| |Fixed asset investments||||| |---|---|---|---|---| ||Unlisted|Programme|Other|Total| ||investmsnts
f|Related
f|Investments|| |Cost or valuation
At 1 January 2022 &31 December 2022|5,000|6,091||11,093| |Canying
amount
At 31 December 2022|5,000|6,091|2|11,093| |At 31 December 2021|5,000|6,091|2|11,093| ## ## ## |||||2022|2021| |---|---|---|---|---|---| |Other investments||comprise:|Notes|6|| |Investments|in subsidiaries||||| ## ## ## ## |Dbt|Dbt||| |---|---|---|---| |eors
Amounts
falling due within one year:||2022f|2021
8| |Trade debtors
Other debtors
Prepayments|and accrued income|388,048
10,652
117,644|414,135
9,670
136,355| |||516,344|560,160| ## ## |||2022|2021| |---|---|---|---| |||6|8| |Bank loans||67,247|94,737| |Payable
Payable|within one year
after one year|67,247|30,110
64,627| ## |Creditors:amounts
falling due within one year|||| |---|---|---|---| |
|Notes|2022
6|2021f| |Bank loans
Other taxation and social security
Trade creditors
Other creditors
*ccruals and deferred
income|14|67,247
58,647
64,003
14,319
242,285|30,110
48,442
63,922
14,386
181,322| |||446,501|338,182| |Creditors: amounts
falling due after more than one year||2022|2021| ||Notes|6|8| |Bank loans
Dilapidstions
provision|14|46,000|64,627
46,000| |||46,000|110,627| ## ## ## ## |Movement||Movement|| |---|---|---|---| |in funds||in funds|| |Incoming
resources|Balance st
1January|incoming
resources|Balance st
31| ||2022||Occamacr| ||8|8|202Il| ||412||412| ## |unrestrict|ed
fu|nds by the trustees for|specific purposes:|||| |---|---|---|---|---|---|---| ||||Movement|||| ||||in funds|||| ||||Incoming
resources|Balance at
1January
2S22f|Resources
expended|Balance at
31 December
2S22
8| |Lifetime|carer|costs|||(68,453)|(68,453)| ||||||(68,453)|(68,453)| ## ## |19|Analysis ofnet assets|between
funds
Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2022
8|2022|2022
8|2021
6|2021
6|2021
f| ||Fund balances at 31||||||| ||December 2022 are||||||| ||represented
by:
Tangible assets
Investment
properties
Investments
Current
assets/(fiabilities)
Long term liabilities|1,517,571
1,100,000
6,093
1,072,263
(46,000)|412|1,517,571
1,100,000
6,093
1,072,675
(46,000)|1,702,924
1,100,000
11,093
666,874
(110,627)|412|1,702,924
1,100,000
11,093
667,286
(110,627)| |||3,649,927|412|3,650,339|3,370,264|412|3,370,676| ## ## ## ## ## |23|Events after the reporting
date||||||||| |---|---|---|---|---|---|---|---|---|---| ||There are no events requiring
disclosure|after the balance sheet|||date.||||| |24|Cash generated
from operagons||||||2022
8||2921f| ||Surplus
for the year||||||279,663||344,186| ||Adjustments
for:
Investment
income recognised
in statement
offinancial
Gain on disposal of investments
Fair value gains and losses on investment
properties
Depreciation
and impairment
oftangible
fixed assets|||activities|||(20,239)
(102,120)
52,534||(44,577)
(200,000)
(18,493)
63,759| ||Movements
in working
capital:
Decrease/(increase)
in debtors
Increase in creditors||||||43,816
71,182||(560,160)
354,072| ||Cash generated
from/(absorbed
by) operations||||||324,836||(61,213)| |25|Analysis ofchanges
in net funds||||At|1Jsseery
2e22f|Cash flows
8|At $1Oeoember
2022
8|| ||Cash at bank and in hand|||||441,910|560,922||1,002,832| ||Loans falling due within one year
Loans falling dus after mors than one year|||||(30,110)
(64,627)|(37,137)
64,627||(67,247)| |||||||347,173|588412||935585|