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2023-03-31-accounts
|
Page |
| Reference andAdministrativeDetails |
|
| Reportofthe Trustees |
2to8 |
| Reportofthe IndependentAuditors |
9 to12 |
| StatementofFinancialActivities |
13 |
| StatementofFinancialPosition |
14 |
| StatementofCash Flows |
15 |
| Notestothe Financial Statements |
16to36 |
| Detailed StatementofFinancialActivities |
37to38 |
| TRUSTEES |
W Coleman (resigned14/9/22) |
|
TR Espley(Chair) |
|
E Horton |
|
E C Wardlaw (Vice Chair) |
|
MGreaves (Finance Director) |
| COMPANY SECRETARY |
M Z Lewis |
| REGISTERED OFFICE |
Banbury Road |
|
Byfield |
|
Daventry |
|
Northamptonshire |
|
NN116UA |
| REGISTERED COMPANY |
00541304 (England and Wales) |
| NUMBER |
|
| REGISTERED CHARITY |
228037 |
| NUMBER |
|
| AUDITORS |
ONGDove Naish LLP, Statutory Auditor |
|
Eagle House |
|
28Billing Road |
|
Northampton |
|
Northamptonshire |
|
NN15AJ |
| BANKERS |
Lloyds Bank |
|
12 High Street |
|
Banbury |
|
Oxfordshire |
|
OX16 5EF |
| GENERAL MANAGER |
Richard Smith |
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
3 |
110,413 |
32,890 |
143,303 |
67,591 |
| Charitable activities |
5 |
|
|
|
|
| General Care |
|
1,393,746 |
|
1,393,746 |
1,227,988 |
| Supported Living |
|
517,186 |
|
517,186 |
571,303 |
| Investment income |
4 |
37 |
|
37 |
2 |
| Total |
|
2,021,382 |
32,890 |
2,054,272 |
1,866,884 |
| EXPENDITURE ON |
|
|
|
|
|
| Charitable activities |
6 |
|
|
|
|
| General Care |
|
1,314,713 |
47,697 |
1,362,410 |
1,261,078 |
| Supported Living |
|
359,325 |
|
359,325 |
391,405 |
| Pension Scheme |
|
25,000 |
|
25,000 |
24,000 |
| Total |
|
1,699,038 |
47,697 |
1,746,735 |
1,676,483 |
| Gainsonrevaluation offixed assets |
|
|
|
|
242,593 |
| NET INCOME/(EXPENDITURE) |
|
322,344 |
(14,807) |
307,537 |
432,994 |
| Otherrecognised gains/(losses) |
|
|
|
|
|
| Actuarial gains and other movementson |
defined |
58,000 |
|
58,000 |
184,000 |
| benefit schemes |
|
|
|
|
|
| Net movementinfunds |
|
380,344 |
(14,807) |
365,537 |
616,994 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
2,384,960 |
2,313,441 |
4,698,401 |
4,081,407 |
| TOTAL FUNDS CARRIED FORWARD |
|
2,765,304 |
2,298,634 |
5,063,938 |
4,698,401 |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Tangible assets |
12 |
5,371,638 |
5,219,127 |
| CURRENT ASSETS |
|
|
|
| Stocks |
13 |
4,116 |
4,689 |
| Debtors |
14 |
169,838 |
152,472 |
| Cashatbank andinhand |
|
305,925 |
254,273 |
|
|
479,879 |
411,434 |
| CREDITORS |
|
|
|
| Amounts falling due withinone year |
15 |
(181,528) |
(205,899) |
| NET CURRENT ASSETS |
|
298,351 |
205,535 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
5,669,989 |
5,424,662 |
| CREDITORS |
|
|
|
| Amountsfalling due after more thanoneyear 16 |
|
(331,951) |
(373,261) |
| PENSION LIABILITY |
22 |
(274,100) |
(353,000) |
| NET ASSETS |
|
5,063,938 |
4,698,401 |
| FUNDS |
21 |
|
|
| Unrestricted funds |
|
2,765,304 |
2,384,960 |
| Restrictedfunds |
|
2,298,634 |
2,313,441 |
| TOTAL FUNDS |
|
5,063,938 |
4,698,401 |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
26 |
262,058 |
144,966 |
| Interest paid |
|
(1,468) |
(1,397) |
| Net cash provided by operating activities |
|
260,590 |
143,569 |
| Cash flows from investing activities |
|
|
|
| Purchase of tangible fixed assets |
|
(182,455) |
(29,544) |
| Sale of tangible fixed assets |
|
13,500 |
1,491 |
| Interest received |
|
37 |
2 |
| Net cash usedininvesting activities |
|
(168,918) |
(28,051) |
| Cash flows from financing activities |
|
|
|
| Loan repaymentsinyear |
|
(40,020) |
(36,117) |
| Net cash usedinfinancing activities |
|
(40,020) |
(36,117) |
| Change in cash and cash equivalents |
|
|
|
| inthe reporting period |
|
51,652 |
79,401 |
| Cash and cash equivalents at the |
|
|
|
| beginning of the reporting period |
|
254,273 |
174,872 |
| Cash and cash equivalents at the end |
|
|
|
| of the reporting period |
|
305,925 |
254,273 |
|
|
|
2023 |
2022 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Donations |
110,413 |
|
110,413 |
19,133 |
| Grants |
|
32,890 |
32,890 |
48,458 |
|
110,413 |
32,890 |
143,303 |
67,591 |
| Grants received, includedinthe above, areasfollows: |
|
|
|
2023 |
2022 |
|
£ |
£ |
| West Northamptonshire Council |
32,890 |
48,458 |
| 4. |
INVESTMENTINCOME |
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
£ |
£ |
£ |
£ |
|
Interest receivable |
37 |
|
37 |
2 |
| 5. |
INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
Activity |
|
£ |
£ |
|
Fees and allowances |
General Care |
|
1,393,746 |
1,227,208 |
|
Other income |
General Care |
|
|
780 |
|
Fees and allowances |
Supported Living |
|
469,444 |
519,964 |
|
Charitablerental income |
Supported Living |
|
47,742 |
51,339 |
|
|
|
|
1,910,932 |
1,799,291 |
| 6. |
CHARITABLEACTIVITIES |
COSTS |
|
|
|
| CHARITABLEACTIVITIES COSTS |
|
|
|
|
|
Support |
|
|
Direct |
costs (see |
|
|
Costs |
note7) |
Totals |
|
£ |
£ |
£ |
| General Care |
1,342,556 |
19,854 |
1,362,410 |
| Supported Living |
359,325 |
|
359,325 |
| Pension Scheme |
16,000 |
9,000 |
25,000 |
|
1,717,881 |
28,854 |
1,746,735 |
| 7. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
|
General Care |
14,000 |
5,854 |
19,854 |
|
Pension Scheme |
9,000 |
|
9,000 |
|
|
23,000 |
5,854 |
28,854 |
|
|
|
2023 |
2022 |
|
General |
Pension |
Total |
Total |
|
Care |
Scheme |
activities |
activities |
|
£ |
£ |
£ |
£ |
| Bank charges |
12,532 |
|
12,532 |
11,691 |
| Interest payable and similar charges |
1,468 |
9,000 |
10,468 |
11,397 |
| Auditors' remuneration |
5,400 |
|
5,400 |
4,500 |
| Trusteesinsurance |
454 |
|
454 |
772 |
|
19,854 |
9,000 |
28,854 |
28,360 |
|
2023 |
2022 |
|
£ |
£ |
| Auditors'remuneration |
5,400 |
4,500 |
| Depreciation - ownedassets |
15,209 |
17,812 |
| Deficitondisposal of fixed assets |
1,235 |
|
| Auditorsremuneration for non-audit work |
4,788 |
3,846 |
| STAFF COSTS |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Wages andsalaries |
1,206,486 |
1,151,440 |
| Social securitycosts |
115,868 |
99,447 |
| Other pension costs |
51,214 |
49,423 |
|
1,373,568 |
1,300,310 |
|
|
£60,000 was: |
|
|
|
|
|
|
|
2023 |
2022 |
|
|
£70,001- £80,000 |
|
1 |
1 |
| **11 ** |
. |
COMPARATIVES FOR THESTATEMENTOFFINANCIAL ACTIVITIES |
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
funds |
funds |
funds |
|
|
|
£ |
£ |
£ |
|
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Donations and legacies |
19,133 |
48,458 |
67,591 |
|
|
Charitable activities |
|
|
|
|
|
General Care |
1,227,988 |
|
1,227,988 |
|
|
Supported Living |
571,303 |
|
571,303 |
|
|
Investment income |
2 |
|
2 |
|
|
Total |
1,818,426 |
48,458 |
1,866,884 |
|
|
EXPENDITURE ON |
|
|
|
|
|
Charitable activities |
|
|
|
|
|
General Care |
1,208,649 |
52,429 |
1,261,078 |
|
|
Supported Living |
391,405 |
|
391,405 |
|
|
Pension Scheme |
24,000 |
|
24,000 |
|
|
Pensionscheme buyout |
|
|
|
|
|
Total |
1,624,054 |
52,429 |
1,676,483 |
|
|
Net gainsoninvestments |
242,593 |
|
242,593 |
|
|
|
Page22 |
|
continued... |
| 11. |
COMPARATIVES FOR THE STATEMENTOFFINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENTOFFINANCIAL ACTIVITIES |
- continued |
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
£ |
£ |
£ |
|
NET INCOME/(EXPENDITURE) |
436,965 |
(3,971) |
432,994 |
|
Other recognised gains/(losses) |
|
|
|
|
Actuarial gainsondefined benefit |
|
|
|
|
schemes |
184,000 |
|
184,000 |
|
Net movementinfunds |
620,965 |
(3,971) |
616,994 |
|
RECONCILIATIONOFFUNDS |
|
|
|
|
Total funds brought forward |
1,763,995 |
2,317,412 |
4,081,407 |
|
TOTAL FUNDS CARRIED FORWARD |
2,384,960 |
2,313,441 |
4,698,401 |
| 12. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Improvements |
Fixtures |
|
|
Freehold |
to |
and |
|
|
property |
property |
fittings |
|
|
£ |
£ |
£ |
|
COST OR VALUATION |
|
|
|
|
At 1 April 2022 |
4,012,593 |
1,137,407 |
468,572 |
|
Additions |
|
178,688 |
1,226 |
|
Disposals |
(14,735) |
|
|
|
At31March 2023 |
3,997,858 |
1,316,095 |
469,798 |
|
DEPRECIATION |
|
|
|
|
At 1 April2022 |
|
|
410,738 |
|
Charge for year |
|
|
8,089 |
|
Eliminated on disposal |
|
|
|
|
At31March 2023 |
|
|
418,827 |
|
NET BOOK VALUE |
|
|
|
|
At31March 2023 |
3,997,858 |
1,316,095 |
50,971 |
|
At31March 2022 |
4,012,593 |
1,137,407 |
57,834 |
| TANGIBLE FIXED ASSETS - continued |
|
|
|
|
Motor |
Computer |
|
|
vehicles |
equipment |
Totals |
|
£ |
£ |
£ |
| COST OR VALUATION |
|
|
|
| At1 April 2022 |
72,025 |
36,542 |
5,727,139 |
| Additions |
|
2,541 |
182,455 |
| Disposals |
(45,538) |
|
(60,273) |
| At31March 2023 |
26,487 |
39,083 |
5,849,321 |
| DEPRECIATION |
|
|
|
| At1 April 2022 |
65,775 |
31,499 |
508,012 |
| Charge for year |
3,699 |
3,421 |
15,209 |
| Eliminatedondisposal |
(45,538) |
|
(45,538) |
| At31March 2023 |
23,936 |
34,920 |
477,683 |
| NET BOOK VALUE |
|
|
|
| At31March2023 |
2,551 |
4,163 |
5,371,638 |
| At31March2022 |
6,250 |
5,043 |
5,219,127 |
| Cost or valuationat31March 2023isrepresentedby: |
|
|
|
|
|
Improvements |
Fixtures |
|
Freehold |
to |
and |
|
property |
property |
fittings |
|
£ |
£ |
£ |
| Valuationin2017 |
2,699,318 |
|
|
| Valuationin2022 |
242,593 |
|
|
| Cost |
1,055,947 |
1,316,095 |
469,798 |
|
3,997,858 |
1,316,095 |
469,798 |
|
Motor |
Computer |
|
|
vehicles |
equipment |
Totals |
|
£ |
£ |
£ |
| Valuationin2017 |
|
|
2,699,318 |
| Valuationin2022 |
|
|
242,593 |
| Cost |
26,487 |
39,083 |
2,907,410 |
|
26,487 |
39,083 |
5,849,321 |
| 13. |
STOCKS |
|
|
|
|
|
2023 |
|
2022 |
|
|
£ |
|
£ |
|
Stocks |
4,116 |
|
4,689 |
| 14. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
2023 |
|
2022 |
|
|
£ |
|
£ |
|
Trade debtors |
97,545 |
|
135,156 |
|
Other debtors |
5,136 |
|
1,478 |
|
Prepayments and accrued income |
67,157 |
|
15,838 |
|
|
169,838 |
|
152,472 |
| 15. |
CREDITORS : AMOUNTS FALLINGDUE WITHIN ONE YEAR |
|
|
|
|
|
2023 |
|
2022 |
|
|
£ |
|
£ |
|
Bank loansand overdrafts (see note 17) |
41,912 |
|
40,622 |
|
Trade creditors |
10,915 |
|
13,480 |
|
Social security and other taxes |
25,376 |
|
24,060 |
|
Other creditors |
9,121 |
|
12,185 |
|
Accrualsand deferred income |
94,204 |
|
115,552 |
|
|
181,528 |
|
205,899 |
|
Deferred incomerelates to fees received for thenext financial year. |
|
|
|
|
|
|
£ |
|
|
Balance as at 31 March 2022 |
95,894 |
|
|
|
Amount released to incoming resources |
(95,894) |
|
|
|
Amount deferredinyear |
67,648 |
|
|
|
Balanceasat31March 2023 |
67,648 |
|
|
| 16. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans (see note 17) |
331,951 |
|
373,261 |
| 17. |
LOANS |
|
|
|
|
Ananalysis of the maturity of loansisgivenbelow: |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Amounts falling due within one yearondemand: |
|
|
|
|
Bank loans |
|
41,912 |
40,622 |
|
Amounts falling between one and two years: |
|
|
|
|
Bank loans - 1-2 years |
|
43,030 |
41,912 |
|
Amountsfalling due between two and five years: |
|
|
|
|
Bank loans - 2-5 years |
136,465 |
|
132,761 |
|
Amountsfalling dueinmore than five years: |
|
|
|
|
Repayablebyinstalments: |
|
|
|
|
Bank loans repayableinmorethan5 years |
152,456 |
|
198,588 |
| 18. |
LEASING AGREEMENTS |
|
|
|
|
Minimum lease payments under non-cancellable operating leases fall dueas |
|
follows: |
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Withinone year |
|
2,821 |
1,069 |
|
Between one and five years |
|
270 |
|
|
|
|
3,091 |
1,069 |
| 19. |
SECURED DEBTS |
|
|
|
|
Thefollowing secured debts are included within creditors: |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans |
373,863 |
|
413,883 |
|
Lloyds Bank PLC has afixedcharge over the Charitable company's freehold |
|
properties. |
|
|
|
|
2023 |
2022 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Fixed assets |
3,079,391 |
2,292,247 |
5,371 ,638 |
5,219,127 |
| Current assets |
473,492 |
6,387 |
479,879 |
411,434 |
| Current liabilities |
(181,528) |
|
(181,528) |
(205,899) |
| Longterm liabilities |
(331,951) |
|
(331,951) |
(373,261) |
| Pension liability |
(274,100) |
|
(274,100) |
(353,000) |
|
2,765,304 |
2,298,634 |
5,063,938 |
4,698,401 |
| MOVEMENTINFUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/22 |
infunds |
31/3/23 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| Generalfund |
1,407,771 |
301,444 |
1,709,215 |
| Revaluation reserve |
1,299,540 |
|
1,299,540 |
| Fair Value Reserve |
30,630 |
|
30,630 |
| Pension LiabilityFund |
(353,000) |
78,900 |
(274,100) |
| Share Capital |
19 |
|
19 |
|
2,384,960 |
380,344 |
2,765,304 |
| Restricted funds |
|
|
|
| Apps House Fund |
416,389 |
|
416,389 |
| Giles House Fund |
72,396 |
|
72,396 |
| Innes House Fund |
147,655 |
|
147,655 |
| Pottery Fund |
14,544 |
(14,544) |
|
| F J Apps TrainingFund |
3,980 |
(73) |
3,907 |
| Welfare Fund |
6,388 |
|
6,388 |
| Revaluation Reserve |
1,642,371 |
|
1,642,371 |
| Marks Donation |
5,000 |
|
5,000 |
| Screwfix Foundation |
3,500 |
|
3,500 |
| Tilney Donation |
1,218 |
(190) |
1,028 |
|
2,313,441 |
(14,807) |
2,298,634 |
| TOTAL FUNDS |
4,698,401 |
365,537 |
5,063,938 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
2,021 ,382 |
(1,719,938) |
|
301,444 |
| Pension Liability Fund |
|
20,900 |
58,000 |
78,900 |
|
2,021,382 |
(1,699,038) |
58,000 |
380,344 |
| Restricted funds |
|
|
|
|
| Pottery Fund |
|
(14,544) |
|
(14,544) |
| F J Apps Training Fund |
|
(73) |
|
(73) |
| Tilney Donation |
|
(190) |
|
(190) |
| COVID-19 Infection control |
608 |
(608) |
|
|
| COVID-19 Support Fund |
3,111 |
(3,111) |
|
|
| Workforce Retention and Recruitment |
|
|
|
|
| Fund |
29,171 |
(29,171) |
|
|
|
32,890 |
(47,697) |
|
(14,807) |
| TOTAL FUNDS |
2,054,272 |
(1,746,735) |
58,000 |
365,537 |
| Comparatives for movementinfunds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/21 |
in funds |
31 /3/22 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
1,229,399 |
178,372 |
1,407,771 |
| Revaluation reserve |
1,056,947 |
242,593 |
1,299,540 |
| Fair ValueReserve |
30,630 |
|
30,630 |
| PensionLiabilityFund |
(553,000) |
200,000 |
(353,000) |
| Share Capital |
19 |
|
19 |
|
1,763,995 |
620,965 |
2,384,960 |
| Restricted funds |
|
|
|
| Apps House Fund |
416,389 |
|
416,389 |
| Giles House Fund |
72,396 |
|
72,396 |
| Innes HouseFund |
147,655 |
|
147,655 |
| Pottery Fund |
14,544 |
|
14,544 |
| F J Apps TrainingFund |
5,555 |
(1,575) |
3,980 |
| WelfareFund |
6,388 |
|
6,388 |
| Revaluation Reserve |
1,642,371 |
|
1,642,371 |
| Marks Donation |
5,000 |
|
5,000 |
| Screwfix Foundation |
3,500 |
|
3,500 |
| Tilney Donation |
1,408 |
(190) |
1,218 |
| Workforce Grant |
2,206 |
(2,206) |
|
|
2,317,412 |
(3,971) |
2,313,441 |
| TOTAL FUNDS |
4,081,407 |
616,994 |
4,698,401 |
|
Incoming |
Resources |
Gainsand |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
1,818,426 |
(1,640,054) |
|
178,372 |
| Revaluation reserve |
|
|
242,593 |
242,593 |
| Pension Liability Fund |
|
16,000 |
184,000 |
200,000 |
|
1,818,426 |
(1,624,054) |
426,593 |
620,965 |
| Restricted funds |
|
|
|
|
| F J Apps Training Fund |
|
(1,575) |
|
(1,575) |
| Tilney Donation |
|
(190) |
|
(190) |
| COVID-19 Infection control |
26,922 |
(26,922) |
|
|
| Rapid Testing Fund |
18,097 |
(18,097) |
|
|
| WorkforceGrant |
3,439 |
{5,645) |
|
{2,206) |
|
48,458 |
(52,429) |
|
(3,971) |
| TOTAL FUNDS |
1,866,884 |
{1,676,483) |
426,593 |
616,994 |
|
Defined |
benefit |
|
pension |
plans |
|
2023 |
2022 |
|
£ |
£ |
| Present value of fundedobligations |
(1,154,000) |
(1,467,000) |
| Fair value of plan assets |
879,900 |
1,114,000 |
|
(274,100) |
(353,000) |
| Present value of unfundedobligations |
|
|
| Deficit |
(274,100) |
(353,000) |
| Net liability |
(274,100) |
(353,000) |
|
Defined |
benefit |
|
pension |
plans |
|
2023 |
2022 |
|
£ |
£ |
| Current service cost |
|
|
| Net interest from net defined benefit |
|
|
| asseUliability |
9,000 |
10,000 |
| Past service cost |
|
|
| Administration expenses |
16,000 |
14,000 |
|
25,000 |
24,000 |
| Actual returnon planassets |
30,000 |
21,000 |
| Changesinthe present value of the defined benefit obliga |
tionareasfollows: |
|
|
Defined |
benefit |
|
pension |
plans |
|
2023 |
2022 |
|
£ |
£ |
| Opening defined benefit obligation |
1,467,000 |
1,661,000 |
| Interest cost |
39,000 |
31,000 |
| Actuarial losses/(gains) |
(367,000) |
(94,000) |
| Benefitspaid |
(43,000) |
(44,000) |
| Remeasurements: |
|
|
| Actuarial (gains)/losses from changesin |
|
|
| financial assumptions |
58,000 |
(74,000) |
| Other benefits paid |
|
(13,000) |
|
1,154,000 |
1,467,000 |
|
Defined |
benefit |
|
pension |
plans |
|
2023 |
2022 |
|
£ |
£ |
| Openingfairvalueof scheme assets |
1,114,000 |
1,108,000 |
| Contributionsbyemployer |
45,900 |
40,000 |
| Administration expenses |
(16,000) |
(14,000) |
| Expected return |
30,000 |
21,000 |
| Benefits paid |
(43,000) |
(44,000) |
| Remeasurements: |
|
|
| Returnonplan assets(excluding |
|
|
| interest income) |
(251,000) |
16,000 |
| Other benefitspaid |
|
(13,000) |
|
879,900 |
1,114,000 |
|
Defined |
benefit |
|
pension |
plans |
|
2023 |
2022 |
|
£ |
£ |
| Actuarial(gains)/losses from changes in |
|
|
| financial assumptions |
(58,000) |
74,000 |
| Other benefits paid |
|
13,000 |
| Returnonplan assets(excluding |
|
|
| interest income) |
(251,000) |
16,000 |
| Other benefits paid |
|
(13,000) |
| Actuarialgains/(losses) |
367,000 |
94,000 |
|
58,000 |
184,000 |
|
Defined |
benefit |
|
pension |
plans |
|
2023 |
2022 |
|
£ |
£ |
| Equities |
485,000 |
526,000 |
| Diversified growth funds |
95,000 |
187,000 |
| Liability driven investments |
35,000 |
112,000 |
| Bonds |
211,000 |
192,000 |
| Cash |
53,900 |
97,000 |
|
879,900 |
1,114,000 |
|
|
|
|
|
2023 |
|
2022 |
|
Discount rate |
|
|
|
4.75% |
|
2.70% |
|
RPIinflation |
|
|
|
3.35% |
|
3.90% |
|
CPIinflation |
|
|
|
2.95% |
|
3.40% |
|
Life expectancies(inyears):- |
|
|
|
|
|
|
|
|
|
31 |
March 2023 |
|
31 |
March 2022 |
|
|
Males |
|
Females |
Males |
|
Females |
|
Foranindividual aged 65 at yearend |
22.0 |
|
24.4 |
21 |
.9 |
24.3 |
|
At age 65 foranindividual aged 45 at year end |
23.3 |
|
25.8 |
23.2 |
|
25.7 |
| 23. |
CAPITAL COMMITMENTS |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
|
£ |
|
£ |
|
Contracted but not provided forinthe financial |
statements |
|
|
175,402 |
|
|
| ACTIVITIES |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Net income for the reporting period (as per the Statement of |
|
|
| Financial Activities) |
307,537 |
432,994 |
| Adjustmentsfor: |
|
|
| Depreciation charges |
15,209 |
17,812 |
| Lossesoninvestments |
|
(242,593) |
| Lossondisposaloffixed assets |
1,235 |
|
| Interest received |
(37) |
(2) |
| Interest paid |
1,468 |
1,397 |
| Decreaseinstocks |
573 |
542 |
| Increaseindebtors |
(17,366) |
(37,931) |
| Decreaseincreditors |
(25,661) |
(11,253) |
| Difference between pension charge and cash contributions |
{20,900) |
{16,000) |
| Net cash providedbyoperations |
262,058 |
144,966 |
| 27. |
ANALYSISOFCHANGESINNET DEBT |
|
|
|
|
|
At 1/4/22 |
Cash flow |
At 31/3/23 |
|
|
£ |
£ |
£ |
|
Net cash |
|
|
|
|
Cash at bank andinhand |
254,273 |
51,652 |
305,925 |
|
|
254,273 |
51,652 |
305,925 |
|
Debt |
|
|
|
|
Debts falling due within 1 year |
(40,622) |
(1,290) |
(41,912) |
|
Debts falling due after 1 year |
(373,261) |
41,310 |
(331,951) |
|
|
(413,883) |
40,020 |
(373,863) |
|
Total |
(159,610) |
91,672 |
(67,938) |
| 28. |
SHARE CAPITAL |
|
|
|
|
|
|
2023 |
2022 |
|
Ordinary share capital |
|
£ |
£ |
|
Issued and fully paid |
|
|
|
|
19Ordinary shares of£1each |
|
19 |
19 |