**Charity registration number 209208 (England and Wales)**
## **QUEEN ALEXANDRA COTTAGE HOMES**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr I M A Stewart Mr N D Rogers Mr P Austin **Senior management** Mr P Buckland Ms S Spring **Charity number (England and Wales)** 209208 **Registered office** 557 Seaside Road Eastbourne East Sussex England BN23 6NE **Auditor** Oliver Read FCCA ACA James Todd and Co Limited Drayton House Drayton Lane Chichester West Sussex England PO20 2EW **Bankers** Barclays Bank Plc 63-67 Terminus Road Eastbourne East Sussex BN21 3PQ **Solicitors** Mayo Wynne Baxter 20 Gildredge Road Eastbourne East Sussex BN21 4RP
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent auditor's report|3 - 5|
|Statement of fnancial actvites|6|
|Balance sheet|7|
|Statement of cash fows|8|
|Notes to the fnancial statements|9 - 19|
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees present their annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
## **Financial review**
## _Reserves policy_
It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The trustees who served during the year and up to the date of signature of the financial statements were: Mr I M A Stewart
Mr N D Rogers Mr P Austin
## _Recruitment and appointment of trustees_
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources of the trust for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
- explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
- continue in operation.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
Mr I M A Stewart
**Trustee**
18 March 2026
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **INDEPENDENT AUDITOR'S REPORT**
## **TO THE TRUSTEES OF QUEEN ALEXANDRA COTTAGE HOMES**
## **Opinion**
We have audited the financial statements of Queen Alexandra Cottage Homes (the ‘trust’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
- In our opinion, the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF QUEEN ALEXANDRA COTTAGE HOMES**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Charity’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
- Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF QUEEN ALEXANDRA COTTAGE HOMES**
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Other matters**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## **Oliver Read FCCA ACA (Senior Statutory Auditor)**
For and on behalf of James Todd and Co Limited, Statutory Auditor Chartered Accountants Drayton House Drayton Lane Chichester West Sussex PO20 2EW England 19 March 2026
James Todd and Co Limited is eligible for appointment as auditor of the trust by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2022**|**2021**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donatons and legacies|**3**|36,844|35,898|
|Charitable actvites|**4**|2,055,656|2,073,277|
|Investments|**5**|1|56|
|**Total income**||2,092,501|2,109,231|
|**Expenditure on:**||||
|Charitable actvites|**6**|2,199,054|2,306,427|
|**Total expenditure**||2,199,054|2,306,427|
|**Net expenditure and movement in funds**||(106,553)|(197,196)|
|**Reconciliaton of funds:**||||
|Fund balances at 1 April 2021||1,895,528|2,092,724|
|**Fund balances at 31 March 2022**||1,788,975|1,895,528|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**15**
**Net current liabilites**
**Total assets less current liabilites**
**Creditors: amounts falling due afer more than**
**one year**
**16**
**Net assets**
**The funds of the trust**
Unrestricted funds
**19**|**2022**
**£**
**£**
4,216,801
102,341
3,381
105,722
(475,122)
(369,400)
3,847,401
(2,058,426)
1,788,975
1,788,975
1,788,975|**2021**
**£**
**£**
4,363,860
170,211
3,379
173,590
(470,130)
(296,540)
4,067,320
(2,171,792)
1,895,528
1,895,528
1,895,528|
|---|---|---|
The financial statements were approved by the trustees on 18 March 2026
Mr I M A Stewart
**Trustee**
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**2022**
**Notes**
**£**
**£**
**Cash fows from operatng actvites**
Cash generated from/(absorbed by) operatons
**21**
216,963
**Investng actvites**
Purchase of tangible fxed assets
-
Investment income received
1
**Net cash generated from/(used in) investng actvites**
1
**Financing actvites**
Repayment of bank loans
(152,558)
**Net cash used in fnancing actvites**
(152,558)
**Net increase/(decrease) in cash and cash equivalents**
64,406
Cash and cash equivalents at beginning of year
(83,068)
**Cash and cash equivalents at end of year**
(18,662)
**Relatng to:**
Cash at bank and in hand
3,381
Bank overdrafs included in creditors payable
within one year
(22,043)|**2021**
**£**
**£**
(26,405)
(2,934)
56
(2,878)
(78,037)
(78,037)
(107,320)
24,252
(83,068)
3,379
(86,447)|
|---|---|
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
Queen Alexandra Cottage Homes is an unincorporated Trust governed by a Deed of Trust dated 27 March 1906. It is registered with the Charity Commission under charity number 209208. The registered office is 557 Seaside Road, Eastbourne, East Sussex BN23 6NE.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The trust is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
## **1.4 Income**
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 50 Years straight line Fixtures and fittings 4 Years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the trust’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Donatons and gifs|36,844|35,898|
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**4**|**Income from charitable actvites**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2022**|**2021**|
|||**£**|**£**|
||**Care Wing fees**|||
||Sale of goods|1,415,563|1,342,930|
||**General rents**|||
||Charitable rental income|638,964|640,163|
||**Sundry charitable income**|||
||Other income|1,129|90,184|
|||2,055,656|2,073,277|
|**5**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2022**|**2021**|
|||**£**|**£**|
||Interest receivable|1|56|
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Expenditure on charitable activities**
|**Direct costs**
Staf costs
Depreciaton and impairment
Catering
Non-food supplies
General expenses and supplies
Water and sewerage
Electricity and gas
Gardens upkeep and maintenance
Repairs and maintenance
Council tax
Cleaning
Statonery and postage
Mortgage interest
Telephone
Insurance
Advertsing
Legal and professional fees
**Share of support and governance costs (see note**
Governance
**Analysis by fund**
Unrestricted funds|**Care Wing**
**costs**
**Warden care**
**and property**
**costs**
**2022**
**2022**
**£**
**£**
1,091,362
63,506
-
-
51,826
-
77,213
-
8,194
13,841
3,817
4,206
100,326
29,061
-
24,181
63,981
67,394
1,761
2,509
-
3,607
179
-
-
-
-
-
-
-
-
-
-
-
1,398,659
208,305
**7)**
-
-
1,398,659
208,305
1,398,659
208,305|**Central**
**services**
**Depreciaton**
**2022**
**2022**
**£**
**£**
326,181
-
-
147,059
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,444
-
41,503
-
9,534
-
15,000
-
2,437
-
20,475
-
431,574
147,059
13,457
-
445,031
147,059
445,031
147,059|**Total**
**2022**
**£**
1,481,049
147,059
51,826
77,213
22,035
8,023
129,387
24,181
131,375
4,270
3,607
16,623
41,503
9,534
15,000
2,437
20,475|
|---|---|---|---|
||||2,185,597
13,457|
||||2,199,054|
||||2,199,054|
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## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**6**
**Expenditure on charitable actvites**
**Previous year:**
**Direct costs**
Staf costs
Depreciaton and impairment
Catering
Non-food supplies
General expenses and supplies
Water and sewerage
Electricity and gas
Gardens upkeep and maintenance
Repairs and maintenance
Council tax
Cleaning
Statonery and postage
Mortgage interest
Telephone
Insurance
Advertsing
Legal and professional fees
**Share of support and governance costs (see note**
Governance
**Analysis by fund**
Unrestricted funds|**Care Wing**
**costs**
**Warden care**
**and property**
**costs**
**2021**
**2021**
**£**
**£**
1,107,948
97,520
-
-
54,154
-
89,644
-
9,964
10,066
-
10,271
143,069
38,458
-
26,744
-
104,450
-
2,611
-
2,819
-
-
-
-
-
-
-
-
-
-
-
-
1,404,779
292,939
**7)**
-
-
1,404,779
292,939
1,404,779
292,939|**(Contnued)**
**Central**
**services**
**Depreciaton**
**Total**
**2021**
**2021**
**2021**
**£**
**£**
**£**
328,796
-
1,534,264
-
153,420
153,420
-
-
54,154
-
-
89,644
-
-
20,030
-
-
10,271
-
-
181,527
-
-
26,744
-
-
104,450
-
-
2,611
-
-
2,819
11,848
-
11,848
62,687
-
62,687
10,084
-
10,084
15,708
-
15,708
1,578
-
1,578
11,088
-
11,088
441,789
153,420
2,292,927
13,500
-
13,500
455,289
153,420
2,306,427
455,289
153,420
2,306,427|**(Contnued)**
**Central**
**services**
**Depreciaton**
**Total**
**2021**
**2021**
**2021**
**£**
**£**
**£**
328,796
-
1,534,264
-
153,420
153,420
-
-
54,154
-
-
89,644
-
-
20,030
-
-
10,271
-
-
181,527
-
-
26,744
-
-
104,450
-
-
2,611
-
-
2,819
11,848
-
11,848
62,687
-
62,687
10,084
-
10,084
15,708
-
15,708
1,578
-
1,578
11,088
-
11,088
441,789
153,420
2,292,927
13,500
-
13,500
455,289
153,420
2,306,427
455,289
153,420
2,306,427|
|---|---|---|---|
||||2,292,927
13,500|
||||2,306,427|
||||2,306,427|
**7 Support costs allocated to activities**
||**Care Wing costs**|**Total**|
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Governance|13,457|13,500|
- 14 -
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**7**
**Support costs allocated to actvites**
**Governance costs comprise:**
Audit fees
Accountancy
Bookkeeping
**8**
**Net movement in funds**
The net movement in funds is stated afer charging/(creditng):
Fees payable for the audit of the charity's fnancial statements
Depreciaton of owned tangible fxed assets|**(Contnued)**
**2022**
**2021**
**£**
**£**
10,560
9,500
2,897
3,000
-
1,000
13,457
13,500
**2022**
**2021**
**£**
**£**
10,560
9,500
147,059
153,420|**(Contnued)**
**2022**
**2021**
**£**
**£**
10,560
9,500
2,897
3,000
-
1,000
13,457
13,500
**2022**
**2021**
**£**
**£**
10,560
9,500
147,059
153,420|
|---|---|---|
|||13,500|
|||**2021**
**£**
9,500
153,420|
## **9 Trustees**
Mr N D Rogers is the principal of Rogers and Company and this firm was paid for accountancy services at a cost of £Nil (2021: £1,000) in the year.
## **10 Employees**
The average monthly number of employees during the year was:
|Care Wing
Warden care and property costs
Central services
Total
**Employment costs**
Wages and salaries|**2022**
**Number**
46
4
13
63
**2022**
**£**
1,481,049|**2021**
**Number**
51
6
15|
|---|---|---|
|||72|
|||**2021**
**£**
1,534,264|
There were no employees whose annual remuneration was more than £60,000.
- 15 -
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**10**|**Employees**||**(Contnued)**|
|---|---|---|---|
||**Remuneraton of key management personnel**|||
||The remuneraton of key management personnel was as follows:|||
|||**2022**|**2021**|
|||**£**|**£**|
||Key management personnel|134,405|143,311|
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Fixtures and**
**ftngs**
**£**
**£**
**Cost**
At 1 April 2021
6,933,582
455,300
At 31 March 2022
6,933,582
455,300
**Depreciaton and impairment**
At 1 April 2021
2,584,149
440,873
Depreciaton charged in the year
137,838
9,221
At 31 March 2022
2,721,987
450,094
**Carrying amount**
At 31 March 2022
4,211,595
5,206
At 31 March 2021
4,349,433
14,427|**Total**
**£**
7,388,882|
|---|---|
||7,388,882|
||3,025,022
147,059|
||3,172,081|
||4,216,801|
||4,363,860|
Freehold land and buildings held for use by the Charity are stated at historical cost. It is the trustees' opinion that the market value of the freehold land and buildings is significantly higher than the carrying value. However, without a formal valuation being undertaken, it is not possible to accurately assess the current market value.
## **13 Debtors**
|**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|**2022**
**£**
64,042
12,944
25,355
102,341|**2021**
**£**
137,901
12,944
19,366|
|---|---|---|
|||170,211|
- 16 -
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**13**|**Debtors**|**(Contnued)**|
|---|---|---|
|**14**|**Loans and overdrafs**||
|**13**
**Debtors**
**(Contnued)**
**14**
**Loans and overdrafs**|**13**
**Debtors**
**(Contnued)**
**14**
**Loans and overdrafs**|**13**
**Debtors**
**(Contnued)**
**14**
**Loans and overdrafs**|**13**
**Debtors**
**(Contnued)**
**14**
**Loans and overdrafs**|
|---|---|---|---|
||Bank overdrafs
Bank loans
Payable within one year
Payable afer one year|**2022**
**£**
22,043
2,210,984
2,233,027
174,601
2,058,426|**2021**
**£**
86,447
2,363,542|
||||2,449,989|
||||278,197
2,171,792|
The loans and overdrafts of £2,233,027 are secured by legal charges over 557 Seaside, Eastbourne (and adjoining bungalows) and Pauling House, Spencer Road, Eastbourne. The loans are approximately 32.2% of the value of the property charged.
## **15 Creditors: amounts falling due within one year**
|**Notes**
Bank loans and overdrafs
**14**
Other taxaton and social security
Deferred income
**17**
Trade creditors
Other creditors
Accruals
**16**
**Creditors: amounts falling due afer more than one year**
**Notes**
Bank loans
**14**|**2022**
**£**
174,601
89,264
88,338
66,793
10,086
46,040
475,122
**2022**
**£**
2,058,426|**2021**
**£**
278,197
23,903
76,768
45,698
39,432
6,132|
|---|---|---|
|||470,130|
|||**2021**
**£**
2,171,792|
- 17 -
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **17 Deferred income**
|Other deferred income|**2022**
**£**
88,338|**2021**
**£**
76,768
**2021**
**£**
76,768
95,014
(95,014)
76,768
76,768|
|---|---|---|
|Deferred income is included in the fnancial statements as follows:|||
|Deferred income is included within:
Current liabilites
Movements in the year:
Deferred income at 1 April 2021
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2022|**2022**
**£**
88,338
76,768
(76,768)
88,338
88,338||
## **18 Retirement benefit schemes**
## **Defined contribution schemes**
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.
The charge to income and expenditure account in respect of defined contribution schemes during the year was £47,829 (2021: £51,089).
## **19 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At**|**1**|**April 2021**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|---|---|
|||||**resources**|**expended**|**2022**|
||||**£**|**£**|**£**|**£**|
|General funds|||1,895,528|2,092,501|(2,199,054)|1,788,975|
- 18 -
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
## **QUEEN ALEXANDRA COTTAGE HOMES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**19**|**Unrestricted funds**||||**(Contnued)**|**(Contnued)**|
|---|---|---|---|---|---|---|
||**Previous year:**|**At 1 April 2020**|**Incoming**|**Resources**|**At 31 March**||
||||**resources**|**expended**|**2021**||
|||**£**|**£**|**£**|**£**||
||General funds|2,092,724|2,109,231|(2,306,427)|1,895,528||
|**20**|**Related party transactons**||||||
||There were no disclosable related party transactons|during the year (2021 - none).|||||
|**21**|**Cash generated from/(absorbed by) operatons**|||**2022**|**2021**||
|||||**£**|**£**||
||Defcit for the year|||(106,553)|(197,196)||
||**Adjustments for:**||||||
||Investment income recognised in statement of fnancial actvites|||(1)|(56)||
||Depreciaton and impairment of tangible fxed assets|||147,059|153,420||
||**Movements in working capital:**||||||
||Decrease in debtors|||67,870|9,834||
||Increase in creditors|||97,018|25,839||
||Increase/(decrease) in deferred income|||11,570|(18,246)||
||**Cash generated from/(absorbed by) operatons**|||216,963|(26,405)||
|**22**|**Analysis of changes in net (debt)/funds**||||||
||||**At 1 April 2021**|**Cash fows**|**At 31 March 2022**||
||||**£**|**£**|**£**||
||Cash at bank and in hand||3,379|2|3,381||
||Bank overdrafs||(86,447)|64,404|(22,043)||
||||(83,068)|64,406|(18,662)||
||Loans falling due within one year||(191,750)|39,192|(152,558)||
||Loans falling due afer more than one year||(2,171,792)|113,366|(2,058,426)||
||||(2,446,610)|216,964|(2,229,646)||
- 19 -
Doc ID: d2b976fcdb0c17f599bc548b4aa839042446dbd0
Audit trail
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QACH - YE 2022 amended accs for approval Title QACH_-_YE_2022_Signed_accs.pdf File name Document ID d2b976fcdb0c17f599bc548b4aa839042446dbd0 Audit trail date format DD / MM / YYYY Status Signed
**19 / 03 / 2026** Sent for signature to Ian Stewart 11:45:22 UTC (imastewart2000@yahoo.co.uk) and Oliver Read (oliver@jamestoddandco.co.uk) from danielle@jamestoddandco.co.uk IP: 20.162.243.109 **19 / 03 / 2026** Viewed by Ian Stewart (imastewart2000@yahoo.co.uk) 11:59:07 UTC IP: 82.132.220.16 **19 / 03 / 2026** Signed by Ian Stewart (imastewart2000@yahoo.co.uk) 12:22:16 UTC IP: 86.144.80.158 **19 / 03 / 2026** Viewed by Oliver Read (oliver@jamestoddandco.co.uk) 13:55:56 UTC IP: 148.252.149.84 **19 / 03 / 2026** Signed by Oliver Read (oliver@jamestoddandco.co.uk) 13:56:08 UTC IP: 148.252.149.84 **19 / 03 / 2026** The document has been completed. 13:56:08 UTC
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