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2024-03-31-accounts
|
|
Page |
| Reference and Administrative Details |
|
1 |
| ReportoftheTrustees |
2 |
to8 |
| Reportofthe IndependentAuditors |
9 |
to12 |
| StatementofFinancial Activities |
|
13 |
| StatementofFinancial Position |
|
14 |
| StatementofCash Flows |
|
15 |
| Notestothe Financial Statements |
16 |
to35 |
| Detailed StatementofFinancial Activities |
36 |
to37 |
| TRUSTEES |
T R Espley (Chair) |
|
E Horton |
|
E C Wardlaw (Vice Chair) |
|
MGreaves (Finance Director) |
|
R K Singh (appointed 6/12/23) |
| 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 |
Shaw Gibbs (Audit) Limited |
|
Chartered Certified Accountants |
|
Statutory Auditor |
|
Eagle House |
|
28 Billing Road |
|
Northampton |
|
Northamptonshire |
|
NN15AJ |
| BANKERS |
Lloyds Bank |
|
12 High Street |
|
Banbury |
|
Oxfordshire |
|
OX16 5EF |
| GENERAL MANAGER |
Richard Smith |
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
3 |
29,029 |
|
29,029 |
143,303 |
| Charitable activities |
5 |
|
|
|
|
| GeneralCare |
|
1,535,208 |
|
1,535,208 |
1,393,746 |
| Supported Living |
|
1,336,254 |
|
1,336,254 |
517,186 |
| Investment income |
4 |
298 |
|
298 |
37 |
| Total |
|
2,900,789 |
|
2,900,789 |
2,054,272 |
| EXPENDITUREON |
|
|
|
|
|
| Charitable activities |
6 |
|
|
|
|
| GeneralCare |
|
1,402,821 |
494 |
1,403,315 |
1,362,410 |
| SupportedLiving |
|
1,068,156 |
|
1,068,156 |
359,325 |
| Pension Scheme |
|
30,000 |
|
30,000 |
25,000 |
| Total |
|
2,500,977 |
494 |
2,501,471 |
1,746,735 |
| NET INCOME/(EXPENDITURE) |
|
399,812 |
(494) |
399,318 |
307,537 |
| Other recognised gains/(losses) |
|
|
|
|
|
| Actuarial gainsondefined benefit schemes |
|
43,000 |
|
43,000 |
58,000 |
| Net movementinfunds |
|
442,812 |
(494) |
442,318 |
365,537 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
2,765,304 |
2,298,634 |
5,063,938 |
4,698,401 |
| TOTAL FUNDS CARRIED FORWARD |
|
3,208,116 |
2,298,140 |
5,506,256 |
5,063,938 |
|
|
2024 |
2023 |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Tangible assets |
12 |
5,615,131 |
5,371,638 |
| CURRENT ASSETS |
|
|
|
| Stocks |
13 |
5,923 |
4,116 |
| Debtors |
14 |
190,109 |
169,838 |
| Cash at bankandinhand |
|
442,336 |
305,925 |
|
|
638,368 |
479,879 |
| CREDITORS |
|
|
|
| Amounts fallingdue within one year |
15 |
(257,870) |
(181,528) |
| NET CURRENT ASSETS |
|
380,498 |
298,351 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
5,995,629 |
5,669,989 |
| CREDITORS |
|
|
|
| Amountsfallingdue after more than one year16 |
|
(292,668) |
(331,951) |
| PENSION LIABILITY |
22 |
(196,705) |
(274,100) |
| NET ASSETS |
|
5,506,256 |
5,063,938 |
| FUNDS |
21 |
|
|
| Unrestricted funds |
|
3,208,116 |
2,765,304 |
| Restricted funds |
|
2,298,140 |
2,298,634 |
| TOTAL FUNDS |
|
5,506,256 |
5,063,938 |
|
|
2024 |
2023 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
25 |
432,541 |
262,058 |
| Interest paid |
|
(1,741) |
(1,468) |
| Net cash provided by operating activities |
|
430,800 |
260,590 |
| Cash flows from investing activities |
|
|
|
| Purchaseoftangible fixed assets |
|
(257,691) |
(182,455) |
| Saleoftangible fixed assets |
|
1,169 |
13,500 |
| Interest received |
|
298 |
37 |
| Net cash usedininvesting activities |
|
(256,224) |
(168,918} |
| Cash flows from financing activities |
|
|
|
| Loan repaymentsinyear |
|
(38,165) |
(40,020) |
| Net cash usedinfinancing activities |
|
(38,165) |
(40,020} |
| Change in cash and cash equivalents |
|
|
|
| inthe reporting period |
|
136,411 |
51,652 |
| Cash and cash equivalents at the |
|
|
|
| beginning of the reporting period |
|
305,925 |
254,273 |
| Cash and cash equivalents at the end |
|
|
|
| of the reporting period |
|
442,336 |
305,925 |
estimated useful life. |
|
|
| Fixtures and fittings |
- |
Straight line over10years |
| Motor vehicles |
- |
Straight line over 4 years |
| Computer equipment |
- |
Straight line over 3 years |
|
|
|
2024 |
2023 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Donations |
28,375 |
|
28,375 |
110,413 |
| Grants |
654 |
|
654 |
32,890 |
|
29,029 |
|
29,029 |
143,303 |
| Grants received, includedinthe above, areasfollows: |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Norfolk County Council |
654 |
|
| West Northamptonshire Council |
|
32,890 |
|
654 |
32,890 |
| 4. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
£ |
£ |
£ |
£ |
|
Interest receivable |
298 |
|
298 |
37 |
| 5. |
INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
Activity |
|
£ |
£ |
|
Fees and allowances |
General Care |
|
1,535,208 |
1,393,746 |
|
Fees and allowances |
Supported Living |
|
1,285,490 |
469,444 |
|
Charitable rental income |
Supported Living |
|
50,764 |
47,742 |
|
|
|
|
2,871,462 |
1,910,932 |
| 6. |
CHARITABLE ACTIVITIES |
COSTS |
|
|
|
| CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Support |
|
|
Direct |
costs (see |
|
|
Costs |
note7) |
Totals |
|
£ |
£ |
£ |
| General Care |
1,389,521 |
13,794 |
1,403,315 |
| Supported Living |
1,054,823 |
13,333 |
1,068,156 |
| Pension Scheme |
18,000 |
12,000 |
30,000 |
|
2,462,344 |
39,127 |
2,501,471 |
|
|
Governance |
|
|
Finance |
costs |
Totals |
|
£ |
£ |
£ |
| General Care |
8,327 |
5,467 |
13,794 |
| Supported Living |
8,050 |
5,283 |
13,333 |
| Pension Scheme |
12,000 |
|
12,000 |
|
28,377 |
10,750 |
39,127 |
| Support costs, includedint |
he above, area |
sfollows: |
|
|
|
|
|
|
|
2024 |
2023 |
|
General |
Supported |
Pension |
Total |
Total |
|
Care |
Living |
Scheme |
activities |
activities |
|
£ |
£ |
£ |
£ |
£ |
| Bank charges |
7,442 |
7,194 |
|
14,636 |
12,532 |
| Interest payable and |
|
|
|
|
|
| similar charges |
885 |
856 |
12,000 |
13,741 |
10,468 |
| Auditors' remuneration |
3,153 |
3,047 |
|
6,200 |
5,400 |
| Trustees insurance |
2,314 |
2,236 |
|
4,550 |
454 |
|
13,794 |
13,333 |
12,000 |
39,127 |
28,854 |
| Net income/(expenditure)isstated after charging/(crediting) |
: |
|
|
2024 |
2023 |
|
£ |
£ |
| Auditors' remuneration |
6,200 |
5,400 |
| Depreciation- owned assets |
13,029 |
15,209 |
| Deficitondisposal of fixed assets |
|
1,235 |
| Auditors remuneration for non-audit work |
4,267 |
4,788 |
| STAFF COSTS |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Wages and salaries |
1,819,666 |
1,206,486 |
| Social security costs |
154,784 |
115,868 |
| Other pension costs |
62,149 |
51,214 |
|
2,036,599 |
1,373,568 |
£60,000 was: |
|
|
|
|
|
2024 |
2023 |
| £60,001 - £70,000 |
|
2 |
|
| £70,001 - £80,000 |
|
1 |
1 |
|
|
3 |
1 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Donationsandlegacies |
110,413 |
32,890 |
143,303 |
| Charitable activities |
|
|
|
| General Care |
1,393,746 |
|
1,393,746 |
| Supported Living |
517,186 |
|
517,186 |
| Investment income |
37 |
|
37 |
| Total |
2,021,382 |
32,890 |
2,054,272 |
| EXPENDITUREON |
|
|
|
| Charitable activities |
|
|
|
| General Care |
1,314,714 |
47,696 |
1,362,410 |
| Supported Living |
359,325 |
|
359,325 |
| Pension Scheme |
25,000 |
|
25,000 |
| Total |
1,699,039 |
47,696 |
1,746,735 |
| 11. |
COMPARATIVES FOR THE STATEMENTOFFINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENTOFFINANCIAL ACTIVITIES |
- continued |
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
£ |
£ |
£ |
|
NET INCOME/(EXPENDITURE) |
322,343 |
(14,806) |
307,537 |
|
Other recognised gains/(losses) |
|
|
|
|
Actuarial gains on defined benefit |
|
|
|
|
schemes |
58,000 |
|
58,000 |
|
Net movementinfunds |
380,343 |
(14,806) |
365,537 |
|
RECONCILIATIONOFFUNDS |
|
|
|
|
Total funds brought forward |
2,384,960 |
2,313,441 |
4,698,401 |
|
TOTAL FUNDS CARRIED FORWARD |
2,765,303 |
2,298,635 |
5,063,938 |
| 12. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Improvements |
Fixtures |
|
|
Freehold |
to |
and |
|
|
property |
property |
fittings |
|
|
£ |
£ |
£ |
|
COST OR VALUATION |
|
|
|
|
At 1 April 2023 |
3,997,858 |
1,316,095 |
469,798 |
|
Additions |
|
252,318 |
|
|
Disposals |
|
(1,169) |
|
|
At31March 2024 |
3,997,858 |
1,567,244 |
469,798 |
|
DEPRECIATION |
|
|
|
|
At 1 April 2023 |
|
|
418,827 |
|
Charge for year |
|
|
8,063 |
|
At31March 2024 |
|
|
426,890 |
|
NET BOOK VALUE |
|
|
|
|
At31March 2024 |
3,997,858 |
1,567,244 |
42,908 |
|
At31March 2023 |
3,997,858 |
1,316,095 |
50,971 |
| 12. |
TANGIBLE FIXED ASSETS - continued |
|
|
|
|
|
Motor |
Computer |
|
|
|
vehicles |
equipment |
Totals |
|
|
£ |
£ |
£ |
|
COSTORVALUATION |
|
|
|
|
At 1 April 2023 |
26,487 |
39,083 |
5,849,321 |
|
Additions |
|
5,373 |
257,691 |
|
Disposals |
|
|
(1,169) |
|
At31March 2024 |
26,487 |
44,456 |
6,105,843 |
|
DEPRECIATION |
|
|
|
|
At 1 April 2023 |
23,936 |
34,920 |
477,683 |
|
Charge for year |
1,177 |
3,789 |
13,029 |
|
At31March 2024 |
25,113 |
38,709 |
490,712 |
|
NET BOOK VALUE |
|
|
|
|
At31March 2024 |
1,374 |
5,747 |
5,615,131 |
|
At31March 2023 |
2,551 |
4,163 |
5,371,638 |
|
Cost or valuation at31March 2024isrepresentedby: |
|
|
|
|
|
|
Improvements |
Fixtures |
|
|
Freehold |
to |
and |
|
|
property |
property |
fittings |
|
|
£ |
£ |
£ |
|
Valuationin2017 |
2,699,318 |
|
|
|
Valuationin2022 |
242,593 |
|
|
|
Cost |
1,055,947 |
1,567,244 |
469,798 |
|
|
3,997,858 |
1,567,244 |
469,798 |
|
|
Motor |
Computer |
|
|
|
vehicles |
equipment |
Totals |
|
|
£ |
£ |
£ |
|
Valuationin2017 |
|
|
2,699,318 |
|
Valuationin2022 |
|
|
242,593 |
|
Cost |
26,487 |
44,456 |
3,163,932 |
|
|
26,487 |
44,456 |
6,105,843 |
| 13. |
STOCKS |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Stocks |
5,923 |
4,116 |
| 14. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Trade debtors |
133,371 |
97,545 |
|
Other debtors |
3,775 |
5,136 |
|
Prepayments and accrued income |
52,963 |
67,157 |
|
|
190,109 |
169,838 |
| 15. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Bank loans and overdrafts (see note 17) |
43,030 |
41 ,912 |
|
Trade creditors |
41 ,796 |
10,915 |
|
Social security and other taxes |
40,336 |
25,376 |
|
Other creditors |
6,227 |
9,121 |
|
Accruals and deferred income |
126,481 |
94,204 |
|
|
257,870 |
181 ,528 |
|
Deferred income relates to fees received for the next financial year. |
|
|
|
|
£ |
|
|
Balance as at31March 2023 |
67,648 |
|
|
Amount released to incoming resources |
(67,648) |
|
|
Amount deferredinyear |
100,580 |
|
|
Balance as at31March 2024 |
100,580 |
|
| 16. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Bank loans (see note 17) |
292,668 |
331,951 |
| 17. |
LOANS |
|
|
|
Ananalysisofthe maturityofloansisgiven below: |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Amounts falling due within one yearondemand: |
|
|
|
Bank loans |
43,030 |
41,912 |
|
Amounts falling between one and two years: |
|
|
|
Bank loans - 1-2 years |
44,242 |
43,030 |
|
Amounts falling due between two and five years: |
|
|
|
Bank loans - 2-5 years |
140,323 |
136,465 |
|
Amounts falling dueinmore than five years: |
|
|
|
Repayable by instalments: |
|
|
|
Bank loans repayableinmore than 5 years |
108,103 |
152,456 |
| 18. |
LEASING AGREEMENTS |
|
|
|
Minimum lease payments under non-cancellable operating leases |
fall due as follows: |
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Within one year |
10,835 |
2,821 |
|
Between one and five years |
19,186 |
270 |
|
|
30,021 |
3,091 |
| 19. |
SECURED DEBTS |
|
|
|
The following secured debts are included within creditors: |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Bank loans |
335,698 |
373,863 |
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
£ |
£ |
£ |
£ |
|
Fixed assets |
3,323,410 |
2,291,721 |
5,615,131 |
5,371,638 |
|
Current assets |
631,949 |
6,419 |
638,368 |
479,879 |
|
Current liabilities |
(257,870) |
|
(257,870) |
(181,528) |
|
Long term liabilities |
(292,668) |
|
(292,668) |
(331,951) |
|
Pension liability |
(196,705) |
|
(196,705) |
(274,100) |
|
|
3,208,116 |
2,298,140 |
5,506,256 |
5,063,938 |
| 21. |
MOVEMENTINFUNDS |
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 1/4/23 |
infunds |
31/3/24 |
|
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
|
1,709,215 |
365,417 |
2,074,632 |
|
Revaluation reserve |
|
1,299,540 |
|
1,299,540 |
|
Fair Value Reserve |
|
30,630 |
|
30,630 |
|
Pension Liability Fund |
|
(274,100) |
77,395 |
(196,705) |
|
Share Capital |
|
19 |
|
19 |
|
|
|
2,765,304 |
442,812 |
3,208,116 |
|
Restricted funds |
|
|
|
|
|
Apps House Fund |
|
416,389 |
|
416,389 |
|
Giles House Fund |
|
72,396 |
|
72,396 |
|
Innes House Fund |
|
147,655 |
|
147,655 |
|
FJ Apps Training Fund |
|
3,907 |
(73) |
3,834 |
|
Welfare Fund |
|
6,388 |
(231) |
6,157 |
|
Revaluation Reserve |
|
1,642,371 |
|
1,642,371 |
|
Marks Donation |
|
5,000 |
|
5,000 |
|
Screwfix Foundation |
|
3,500 |
|
3,500 |
|
Tilney Donation |
|
1,028 |
(190) |
838 |
|
|
|
2,298,634 |
(494) |
2,298,140 |
|
TOTAL FUNDS |
|
5,063,938 |
442,318 |
5,506,256 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
2,900,789 |
(2,535,372) |
|
365,417 |
| Pension Liability Fund |
|
34,395 |
43,000 |
77,395 |
|
2,900,789 |
(2,500,977) |
43,000 |
442,812 |
| Restricted funds |
|
|
|
|
| F J Apps Training Fund |
|
(73) |
|
(73) |
| Welfare Fund |
|
(231) |
|
(231) |
| Tilney Donation |
|
(190) |
|
(190) |
|
|
(494) |
|
(494) |
| TOTAL FUNDS |
2,900,789 |
(2,501,471) |
43,000 |
442,318 |
| Comparatives for movementinfunds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/22 |
infunds |
31/3/23 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
1,407,771 |
301,444 |
1,709,215 |
| Revaluation reserve |
1,299,540 |
|
1,299,540 |
| Fair Value Reserve |
30,630 |
|
30,630 |
| Pension Liability Fund |
(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 Training Fund |
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 |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
2,021,382 |
(1,719,938) |
|
301,444 |
| Pension LiabilityFund |
|
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 |
|
Defined |
benefit |
|
pension |
plans |
|
2024 |
2023 |
|
£ |
£ |
| Present value of funded obligations |
(1,130,100) |
(1,154,000) |
| Fair value of plan assets |
933,395 |
879,900 |
|
(196,705) |
(274,100) |
| Present value of unfunded obligations |
|
|
| Deficit |
(196,705) |
(274,100) |
| Net liability |
(196,705) |
(274,100) |
|
Defined |
benefit |
|
pension |
plans |
|
2024 |
2023 |
|
£ |
£ |
| Current service cost |
|
|
| Net interest from net defined benefit |
|
|
| asset/liability |
12,000 |
9,000 |
| Past service cost |
|
|
| Administration expenses |
18,000 |
16,000 |
|
30,000 |
25,000 |
| Actual returnonplan assets |
42,000 |
30,000 |
| Changesinthe present value of the defined benefit obliga |
tion areasfollows: |
|
|
Defined |
benefit |
|
pension |
plans |
|
2024 |
2023 |
|
£ |
£ |
| Opening defined benefit obligation |
1,154,100 |
1,467,000 |
| Interest cost |
54,000 |
39,000 |
| Actuarial losses/(gains) |
(54,000) |
(367,000) |
| Benefits paid |
(44,000) |
(43,000) |
| Actuarial (gains)/losses from changesin |
|
|
| financial assumptions |
20,000 |
58,000 |
|
1,130,100 |
1,154,000 |
| Changesinthe fair value of scheme assets areasfollow |
s: |
|
|
Defined |
benefit |
|
pension |
plans |
|
2024 |
2023 |
|
£ |
£ |
| Opening fair value of scheme assets |
880,000 |
1,114,000 |
| Contributions by employer |
64,395 |
45,900 |
| Administration expenses |
(18,000) |
(16,000) |
| Expected return |
42,000 |
30,000 |
| Benefits paid |
(44,000) |
(43,000) |
| Returnonplan assets (excluding |
|
|
| interest income) |
9,000 |
(251,000) |
|
933,395 |
879,900 |
|
Defined |
benefit |
|
pension |
plans |
|
2024 |
2023 |
|
£ |
£ |
| Actuarial (gains)/losses from changesin |
|
|
| financial assumptions |
(20,000) |
(58,000) |
| Returnonplan assets (excluding |
|
|
| interest income) |
9,000 |
{251,000) |
| Actuarial gains/(losses) |
(54,000) |
367,000 |
|
(65,000) |
58,000 |
| Themajor categories of scheme assetsasamounts |
of total scheme assets areasfollows |
: |
|
Defined |
benefit |
|
pension |
plans |
|
2024 |
2023 |
|
£ |
£ |
| Equities |
404,000 |
485,000 |
| Diversified growth funds |
158,000 |
95,000 |
| Liability driven investments |
168,000 |
35,000 |
| Bonds |
169,000 |
211,000 |
| Cash |
9,395 |
53,900 |
| Buy andmaintain credit funds |
25,000 |
|
|
933,395 |
879,900 |
Principal actuarial assumptions at the Statement
averages): |
of Financial |
Position date |
(expressed |
asweighted |
|
|
|
2024 |
2023 |
| Discount rate |
|
|
4.80% |
4.75% |
| RPIinflation |
|
|
3.30% |
3.35% |
| CPIinflation |
|
|
2.90% |
2.95% |
| Life expectancies (in years):- |
|
|
|
|
|
31 |
March 2024 |
31 |
March 2023 |
|
Males |
Females |
Males |
Females |
| Foranindividual aged65at year end |
21.5 |
23.9 |
22.0 |
24.4 |
| At age65foranindividual aged45at year end |
22.7 |
25.3 |
23.3 |
25.8 |
|
2024 |
2023 |
|
£ |
£ |
| Contracted but not provided forinthe financial statements |
|
175,402 |
| ACTIVITIES |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Net income for the reporting period(asper the Statement of |
|
|
| Financial Activities) |
399,318 |
307,537 |
| Adjustments for: |
|
|
| Depreciation charges |
13,029 |
15,209 |
| Lossondisposal of fixed assets |
|
1,235 |
| Interest received |
(298) |
(37) - |
| Interest paid |
1,741 |
1,468 |
| (lncrease)/decreaseinstocks |
(1,807) |
573 |
| Increaseindebtors |
(20,271) |
(17,366) |
| lncrease/(decrease)increditors |
75,224 |
(25,661) |
| Difference between pension charge and cash contributions |
(34,395) |
(20,900) |
| Net cash provided by operations |
432,541 |
262,058 |
|
At 1/4/23 |
Cash flow |
At 31/3/24 |
|
£ |
£ |
£ |
| Net cash |
|
|
|
| Cash at bank andinhand |
305,925 |
136,411 |
442,336 |
|
305,925 |
136,411 |
442,336 |
| Debt |
|
|
|
| Debts falling due within 1 year |
(41,912) |
(1,118) |
(43,030) |
| Debts falling due after 1 year |
(331,951) |
39,283 |
(292,668) |
|
(373,863) |
38,165 |
(335,698) |
| Total |
(67,938) |
174,576 |
106,638 |
| SHARE CAPITAL |
|
|
|
2024 |
2023 |
| Ordinary share capital |
£ |
£ |
| Issued andfullypaid |
|
|
| 19Ordinary shares of£1each |
19 |
19 |
|
2024 |
2023 |
|
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Donations |
28,375 |
110,413 |
| Grants |
654 |
32,890 |
|
29,029 |
143,303 |
| Investment income |
|
|
| Interest receivable |
298 |
37 |
| Charitable activities |
|
|
| Fees and allowances |
2,820,698 |
1,863,190 |
| Charitable rental income |
50,764 |
47,742 |
|
2,871,462 |
1,910,932 |
| Total incoming resources |
2,900,789 |
2,054,272 |
| EXPENDITURE |
|
|
| Charitable activities |
|
|
| Wages |
1,819,666 |
1,206,486 |
| Social security |
154,784 |
115,868 |
| Pensions |
62,149 |
51,214 |
| Insurance |
16,040 |
15,066 |
| Light, heat, rates and water |
101,727 |
72,810 |
| Office and telephone |
48,737 |
36,299 |
| Sundries |
41,481 |
32,995 |
| Catering |
45,430 |
35,962 |
| Household and laundry |
9,626 |
7,129 |
| Medical |
6,149 |
2,663 |
| Motor expenses |
7,977 |
4,046 |
| Repairs and maintenance |
90,342 |
75,040 |
| Legal and professional |
18,564 |
22,086 |
| Staff training |
4,336 |
4,111 |
| Volunteers and apprenticeships |
840 |
512 |
| Accountancy |
3,467 |
3,150 |
| Pension scheme admin expenses |
18,000 |
16,000 |
| Depreciationoftangible fixed assets |
13,029 |
15,209 |
| Loss/(profit) on saleoftangible fixed assets |
|
1,235 |
|
2,462,344 |
1,717,881 |
|
2024 |
2023 |
|
£ |
£ |
| Support costs |
|
|
| Finance |
|
|
| Bank charges |
14,636 |
12,532 |
| Bankloaninterest |
1,741 |
1,468 |
| Expected returnonpension scheme assets |
(42,000) |
(30,000) |
| Interest on pension scheme liabilities |
54,000 |
39,000 |
|
28,377 |
23,000 |
| Governance costs |
|
|
| Auditors' remuneration |
6,200 |
5,400 |
| Trustees insurance |
4,550 |
454 |
|
10,750 |
5,854 |
| Total resources expended |
2,501,471 |
1,746,735 |
| Net income |
399,318 |
307,537 |