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|CEOand Chairman'sStatement|page4|
|---|---|
|TrusteesReport|page7|
|MainActivities|pageI|
|LookingForuvard|page12|
|Structure,Governanceand Management|page13|
|FinancialReview|page16|
|Statement of Trustees'Responsibilities|page19|
|lndependent Advisors'Reporttothe|page 20|
|Members of QueenElizabeth's Foundationfor||
|Disabled People||
|Group BalanceSheet|page 25|
|ConsolidatedStatementofFinancial Activities|page 26|
|GroupCashFlow Statement|page 27|
|NotestotheFinancial Statements|page 28|
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|lncommonwithallprovidersofhealtha
risks.These include:|nd careservices,QEFfacesanumber of|
|---|---|
|Risk|lMitiqation|
|Poor qualityofcareorrisktosafety|nsure staff compliancewith trainingand|
||nduction. Continuallydevelopoperational|
||policiesandprocedures to|
||sure bestpractice.Involveserviceusers|
||n monitoring andactivelyseekfeedback|
||m peoplewhouse ourservices.Clear|
||dthoroughreportingtoCare Quality|
||d Safety committee andvisibility of|
||ior managers andtrusteesinservíces.|
||ure Health and Safety compliance|
||all servicesandregulatory|
||ancein regulated services.|
|Workforce-difficultiesrecruiting|ruitment andretentionplandeveloped|
|---|---|
|and retaininga skilledworkforce|cusing oncompetitivepaystructure,|
|andassociatedimpactoncare|ployee healthand wellbeing|
|Managementofthe[25mlongtermdebt|ePPFAgreementprovidesfor regular|
|tothePPF,whichreplacedthedefined|ncereports and update meetings|
|benefit pension deficit.|required|
|Failuretoachievefinancialtargets|ing and sensitivityanalysisis|
|impactingonviability|ndertaken throughout theyear.The five|
||arfinancialplanisoverseenbythe|
|Riskofa cyberattackcould resultinadata
breach ortheintroductionofransomware|lOngoingphishing
landtraining inpla
awareness campargns
cetoraiseawareness|
||landminimiserisk
of an attack succeeding|
||Abusiness recoveryplaceis inplacein|
||the eventthisoccurs.|
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|||GROUP||QEF||
|---|---|---|---|---|---|
||||Restated|||
|||2023|2022|2l)23|2022|
||Note|€OOO's|€OOO's|fOOO's|€OOO's|
|FD(EDASSETS||||||
|Tangible FixedAssets
IntangibleFixedAssets|2
3|23,688
(4e)|23,790
(74)|23,270|23,3Lt|
|Investments|4|23,639|23,7 16|1 030
24,300|030
24,34L
1|
|CURRENT ASSETS||||||
|Stock and AssetsHeldforResale|5|423|426|||
|Debtors|6|2,22t|L,692|2,265|1,636|
|Investments|4|34|33|27|27|
|Cashatbank andin hand||1,603|1,580|855|1,001|
|||4,28L|3,73r|3,t47|2,664|
|CURRENTLIABILMES||||||
|Creditors-amountsfalling due
within oneyear|7|(2,770)|(2,9ss)|(3,155)|(3,24t\|
|NET CURRENT ASSETS||1,511|776|(8)|(s77)|
|TOTALASSETSLESS||||||
|CURRENTLIABILMES||25 150|24,492|24,292|23,764|
|Creditors-amountsfalling due
after more thanoneyear||(13,157)|(13,607)|(13,051)|(13,601)|
|NETASSETSincludingpension
schemeliability||11,993|10,885|11 24t|10,163|
|ACCUMULATEDFUNDS||||||
|UnrestrictedFunds|10|rl,705|l0,L7o|LO,967|9,826|
|RestrictedFunds|9|288|7L5|274|337|
|Total AccumulatedFunds|11|11 993|10,885|LL,24L|_1q¿9.¡_|
##
##
|FORTHEYEARENDED31MARCH2023||||||||
|---|---|---|---|---|---|---|---|
|||2023|2023|2023|2022|2022|2022|
||Notes|Unrestricted
cooo's|Restr¡cted
ÊOOO's|TOTALUnrestr¡ctedRestr¡cted
€OOO's€OOO's€OOO's|||TOTAL
€OOO's|
|INCOME||||||||
|Donations||787|376|1,163|1,161|456|L,6t7|
|Legacies||703||703|799||799|
|Commercial Trading Operations||2,665||2,665|2,622||2,622|
|Fundraising Events||to2|133|235|188|120|308|
|Incomefromproperty||20||20|28||28|
|InvestmentIncome||1||I|11||11|
|Other||3
4,281|509|3
4,790|37
4,846|576|37
5,422|
|Incomingresourcesfromcharitab¡e act¡v¡t¡es:||||||||
|CareandRehabilitationCentre||4,981|2|4,983|4,5L9|56|4,575|
|IndependentLiving Services||3,713|2|3,715|3,230|75|3,305|
|MobilityServices||2L7|7t3|930|168|651|819|
|Voluntary Assoc, SurreyDisabled|||||44||44|
|Medical Engineering Resource Unit||30|t74|204|267||267|
|||8,941|891|9,832|8,228|782|9,010|
|TOTALOPERATING INCOME||13,222|1,400|L4,622|L3,074|1,358|L4,432|
|EXPENDITURE||||||||
|Raisingfunds:||||||||
|Fundraisingandpublicitycosts||743|56|799|1,015|22|L,037|
|Commercial TradingOperations
Total costsofraising funds||2,35L
3,094|56|2,35r
3,150|2,33L
3,346|22|2,33L
3,368|
|Charitableactivities:||||||||
|CareandRehabilitationCentre||4,364|420|4,784|4,L92|266|4,458|
|IndependentLiving Services||4,180|60|4,240|3,849|183|4,032|
|Mob¡lity Services||267|737|t,004|319|666|985|
|Accessible Aviat¡on|||||40||40|
|Voluntary Assoc. SurreyDisabled||35||35|46||46|
|Medical Eng¡neering Resource Unit||28L|224|505|4L3|169|582|
|SuttonShopmobility|||||(70)||(70)|
|QEFDevelopments||4||4|2||2|
|Other
Total charitable expenditure||9,131|L,44L|L0,572|(s)
8,786|5
L,289|10,075|
|TOTALOPERATING EXPENDITURE|I4|L2,225|t,497|L3,722|L2,L32|1,311|13,443|
|NET(EXPENDITURE)/INCOME|26|997|(97)|900|942|47|989|
|Otherrecognised gains and losses||||||||
|Changeindiscountingoflongtermloan||208||208|135||135|
|Transfer between funds|9|330|(330)|||||
|NetMovementin Funds||1,535|(427)|1,108|!,077|47|L,L24|
|Fund balancesbroughtforwardat1April|2022|L0,L70|7t5|10,885|9,093|668|9,76L|
|Fund balancescarriedforward at 31March2023||Lt,705|288|11,993|L0,t7o|7L5|10,885|
##
|CONSOLIDATED CASHFLOW STATEMENT
FORTHEYEAR ENDED31
2023|||
|---|---|---|
||2023|2022|
||€'ooo|€'ooo|
|Cashflowsfromoperating activities:
Net cash usedinoperating activities|5t2|L,076|
|Incometaxespaid|5L2|l-076|
|Cashflowsfrominvestingact¡v¡t¡es¡|||
|Investmentincome and interestreceived|||
|Proceedsfromdisposaloffixed assetinvestments
Proceedsfromdisposaloftangible fixed assets
Paymentstoacquire tangible fixed assets|(1e1)
1|(e)
44
(402)|
|Net cash providedbyinvestingact¡v¡ties|l1gol|(?â7\|
|Cashflow fromfinancing activities:|||
|Loancapitalrepayments|(299)|(s06)*|
|Net cashflowfromfinancing activities|t299)|t506)|
|Net¡ncrease in cash and cashequivalents
Cashand cash equivalentsatbeginningof year|23
1,580|203
L,377|
|Cash and cashequivalents atendofyear|1.603|1.580|
|Reconciliationof net(expenditure)/incometonetcashflowfromoperatingactivities|||
|Net¡ncome includingendowments|1,108|L,r24|
|Depreciation charges
Goodwillamortisation|293
(2s)|311
(2s)|
|Taxation charged|||
|Netgainson investments
Discountingadjustment onloantermloan
Movementindefined benefitpensionschemeprovision|(208)
(2)|(135)x
(2s)|
|Revaluationofland andbuildings
Transferfromfixedassetstoassetsheldforsale
Investmentincome|(330)
(1)|(-)|
|Increaseinstock|3|(16)|
|(Increase)/decreaseindebtors
Increase/(decrease)increditors|(1ee)
(t27)|(446)
2BBX|
|Net cashusedinoperat¡ng activities|5t2|r.076|
##
|Analysis of changesinnet funds- group||||
|---|---|---|---|
||tApril2022
€|Acquisitions Othernon.
and
cash31March
disposalschanges2023
Ê€ÊÊ
Cash
flows||
|Cashatbank and inhand|1,580||
2L3
(1e0)
1,603|
|Bankoverdrafts||||
||1,580||213
(1e0)
-
1,603|
|Borrowings excludingoverdrafts|(14.342)
(1?7î\)\||299
208(13.835)
512
t10nì
)o9(1))?)\|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||Freeho¡d||||||
|---|---|---|---|---|---|---|
||Land&|Leasehold|||Motor||
|GROUP|BuiHings||Propefi|Equ¡pment|vehicles|Total|
||€'O00's||Ê'OOO's|€'O0O's|c'oo0's|€'OO0's|
|Costat01.04.22|23,026|||3,557|256|26,839|
|Additions|T4|||t62|15|191|
|D¡sposals/Reallocat¡ons||||(2)||(2)|
|Revaluationgain
Costat31,03.23|23,040||
-|3,717|27L|27,028|
|Depreciationat01-04.22
Chargeforyear||||2,812
278|237
15|3,049
293|
|On disposals|||||||
|Depreciat¡onat31.03.23|||||||
|NET BOOK VALUEat31.03.23|23,040|||629|19|23,688|
|NET BOOK VALUEat3L.03,22|23,026|||745|19|23,790|
||Restated|||||
|---|---|---|---|---|---|
||Fr€ehold|||||
||Land&|Leasehold||Motor|Restated|
|QEF|Buildings
€'O0O's|Property
€'O0O's|Equipment
Ê'OOO's|vehicles
f'OO0's|Total
Ê'O00's|
|Costat1.4.22
Additions|22,769
l4||2,6t4
r22|203
15|25,586
151|
|Dlsposals||||||
|Costat31.3.23|22,783||2,736|2t8|25,737|
|DepreciationatL.4,22|||2,073|202|2,275|
|Chargefor year|||187|5|r92|
|On disposals
Depreciationat31.3.23|||2,260|207|2,467|
|NET BOOK VALUEat31.3.23|22,783||476|11|23,270|
|NET BOOK VALUEat3T.3,22|22,769||54t||23,3rt|
##
##
|
(see note5).
3
INTANGIBLÉFIXEDASSETS||||
|---|---|---|---|
|GROUP|Goodw¡ll||Totäl|
||Ê|'s
'o00|€'0OO's|
|Costat1.4.22||23)
(1|(123)|
|Additions||||
|Costat31.3.23||(123)|(123)|
|AmortisatlonatL.4,22||49|49|
|Chargefor year||25|25|
|Amortisat¡onat31.3.23||74|74|
|NET BOOK VALUEat31.3.23||(4e)|(4e)|
|NET BOOKVALUE.aI3T,3.22||(74)|(74)|
|QEF|Goodw¡ll||Total|
||f|'O0O's|C'00O's|
##
##
##
##
||2023|2022|
|---|---|---|
|Thebalance compr¡ses:|€'OOO's|€'OOO's|
|Sharesat cost|280|280|
||280|280|
|The resultsfortheyearended31March2023ne
wereasfollows:|tofintra-group transactionsoff288k(202|2:fl27k)|
|---|---|---|
||2023|2022|
||€'OOO's|C'OOO's|
|Turnover
CostofSales|1,266
(1)|1,319
l?ç\|
||r,265|7,294|
|Admin¡strativeexpenses|(s7s)|(1,0s4)|
|Taxation|||
|Profit on ordinaryact¡vities|290|240|
|The assets andliabilitiesofthec
wereasfollows:|ompany attheendoft|heyear,includingintra|-group amount|s,||
|---|---|---|---|---|---|
|||2023|||2022|
||€'OOO's|€'OOO's|€'OOO's||C'OOO's|
|FixedAssets||15|||18|
|Current assets|442||510|||
|Currentliabilities|(47)||1|?n\||
|Net Current assets||435|||380|
|Longtermliabilities||(46)||||
|||404|||398|
##
##
##
|The resultsfortheperiodended31March2023were|asfollows||
|---|---|---|
||2023|2f)22|
||€'OOO's|€'o0O's|
|Turnover
Professionalfeesand buildingcosts|74
(14)|L72
(172)|
|Grossprofit
Administrativeexpenses|(3)|(2)|
|Taxation
Profitforthe financialyear|(3)|(2\|
|||2023||2022|
|---|---|---|---|---|
||€'OOO's|C'oOO's|€'OOO's|C'OOO's|
|FixedAssets|||||
|Current assets
Currentliabilities
Net Currentassets|11
(3)|I
I|168
lr57)|11
11|
|||33|||
##
##
##
|Theresuftsforthe yearended31March2023
(2022:8223k)|wereas followsnetofintercompany tra|nsactionsoff150k|
|---|---|---|
||2023|2022|
||€'0OO's|f 'ooo's|
|Turnover|1,399|r,3r2|
|Admin¡strative expenses|(1,1B5)|(1,12s)|
|Taxation|||
|Profitfor thefinancialyear|2L4|IB7|
|The assetsandliabilitiesofth
follows:|ecompanyatthe en|doftheperiod,inclu|dingintra-groupamou|nts,wereas|
|---|---|---|---|---|
|||2023||2022|
||€'ooo's|f 'ooo's|€'ooo's|€'OOO's|
|Fixed Assets||789||809|
|Current assets|335||185||
|Currentliabilities|(17s)||(109)||
|NetCurrent assets||160||76|
|||949||885|
##
##
|Theresultsforthe year ended31March2023n|etofintra-group transactionsof€.0(2022:. f.|203k),were asfollo|
|---|---|---|
||2l¡23|2022|
||E'OOO's|€'OOO's|
|VASDequipmenthireandsales||2|
|Incomefrom property||13|
|Grant Income||3|
|Gifts & donations|4|257|
||4|275|
|Costofsales|||
||4|275|
|Costofcharitable activities||(31)|
|Administrat¡on costs|(34)||
|Surpluson ordinary activities|_________Gq_|242|
|Theassets andliabilitiesofthe com|pany at the endof t|he year,includingintra|-groupamounts, were|asfollows:|
|---|---|---|---|---|
|||2023||2022|
||f'ooo's|Ê'OOO's|€'OOO's|€'ooo's|
|Fixed Assets||6||336|
|Current assets|956||656||
|Currentliabilities|6||(4)||
|NetCurrent assets||950||651|
|PensionSchemeLiability||(4)||(6)|
|||952||982|
|||34|||
##
##
##
|The resultsfortheyear ended31March2023,netofin
wereasfollows:|tra-grouptransactionsoff86k(202L|t8134k),|
|---|---|---|
||2023|zlJ22|
||€'OOO's|C'OOO's|
|MERUequ¡pment sales
Grants|189I|267
10|
|G¡fts,donations& fundra¡s¡ngactivities|290|369|
||487|646|
|costofsales|(140)|(160)|
||347|486|
|costof charitable activities|(282)|(286)|
|Fundraisingandpublicitycosts
Governance costs|(1e)
(4)|(3s)
(2\|
|Surplus/(Deficit) on ordinary activities|42|163|
##
|The assets andliabilitiesofthec
follows:|ompany attheend of the|year,includíngintra-gr|oup amounts, were|as|
|---|---|---|---|---|
||€'OOO'S|2f,23
É'OOO'S|€'OOO'S|2l)22
C'OOO's|
|FixedAssets||119||158|
|Current assets|243||269||
|currentliabilities|(282\||(372)||
|Net Currentassets||(3e)||(103)|
|Longtermliabilities||(s7)|||
|||||55|
##
##
##
##
|GROUP|||
|---|---|---|
||2023|2022|
||Ê'OOO's|€'OOO's|
|Listed Shares|34|33|
|Deposits|74|33|
|QEF|2023|2022|
||€'OOO's|€'OOO's|
|ListedShares|27|27|
|Deposits|27|27|
##
|STOCKS&ASSETS HELD F|ORRESALE||||
|---|---|---|---|---|
||GROUP||QEF||
|||Restated|||
||2l)23
Ê'OOO's|2022
€'OOO's|2023
C'OOO's|2f)22
€'oOO's|
|Rawmaterialsand finishedgoods|93|96|||
|Assetsheldforresale|330|330|||
||423|426|||
|6|DEBTORS|GROUP||QEF||
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|Amountsfalling|due within one year|€'OOO's|f,'ooo's|C'OOO's|E'OOO's|
|Trade Debtors||r,446|943|1,409|889|
|Amount duefromsubsidiarycompany
Taxation &SocialSecurityreceivable||7|I|272|155|
|Other Debtors||7L|99|5|52|
|Prepayments||22L|255|189|L62|
|AccruedIncome||476|387|390|378|
|||2,22L|r,692|2,265|1,636|
##
||GROUP||QEF||
|---|---|---|---|---|
|Amountsfallingduewithin
oneyear|2l)23
E'OOO's|2022
C'OOO's|2023
Í'OOO's|2022
f,'OOO's|
|TradeCreditors|542|750|479|540|
|Taxation andSocialSecuritypayable|135|23L|118|2LL|
|Amountduetosubsidiarycompany|||630|766|
|Other Creditors|B6|t77|60|797|
|Loans repayable|784|74L|784||
|Accruals|616|482|563|4L3|
|Deferred¡ncome(see noteB)|607
2,770|574
2,955|52L
3,155|514
3,24L|
##
|DEFERREDINCOME-G
I|ToupandQEF||||
|---|---|---|---|---|
|2023|Balanceat
IApril
2022|Incom¡ng
Resources|Amount
Released|Balanceat31
March2023|
||€'OOO's|Ê'OOO's|€'OOO's|Í'OOO's|
|Fundraisingeventsincome|L4|47|(14)|47|
|cRc|484|453|(484)|453|
|IndependentLiving Serv¡ces|3|3|(3)|3|
|Mobility Services|9|15|(e)|15|
|CentralServ¡ces|4|4|(4)|4|
|The Grange|60|85|(60)|85|
|VASD HolidayIncome|||||
||574|607|(s74)|607|
|2022|Balanceat
lApril
202L|Incoming
Resources|Amount
Released|Balanceat31
March2022|
|---|---|---|---|---|
||€'OOO's|I'OOO's|c'ooo's|E'OOO's|
|Fundraisingeventsincome|35|L4|(3s)|t4|
|cRc||484||484|
|IndependentLiving Services|5|3|(s)|3|
|Mobility Serv¡ces|26|9|(26)|9|
|CentralServices||4||4|
|The Grange|38|60|(38)|60|
|VASD HolidayIncome|3||3||
||t07|74|||
##
|Thefunds of the charityincluderestric|ted fundsintheformofgrantsandotherdonated funds re|
|---|---|
||Movement inFunds|
|2023
cRc
IndependentLiving Services
MobilityServices|BalanceatIncomíngExpend¡tureBalanceat
1AprilRêsourcesGainsand31March
2l¡22
Losses
2f)23
€'OOO'SÉ,'OoO's €'OOO'SC'OOO'S
138
453
(476)
11s
72
20
(60)
32
L26
737
(737)
126|
|CentralServices
ResldentsofThe Grange
Voluntary Assoc. SurreyDisabled
Medical Engineer¡ng Resource Unit|-15-15
330
-
(330)
-
49
L75
(224\
-|
||775
1,400
(7.A27\
288|
|
therestrictionsontheVASDproperty|werelifteddurin|gtheyear.|
|---|---|---|
|||Movementin Funds|
|2l)22
cRc
IndependentL¡vingServices
MobilityServices
CentralServices|Balanæat
IApril
2l,2t
E'OOO's
102
86
L26|IncomingExpenditureBalanceat
ResouræsGainsand31March
Losses
2022
€'OOO'S!'OOO'SC'OOO'S
303
(266)
139
169
(183)
72
666
(666)
726
s
(s)|
|Voluntary Assoc. SurreyDisabled
Medical Engineer¡ng Resource Unit|330
24
668|ll91l
330
48
215
1,358
11.311)
7L5|
##
|10
GENERALUNRESTRICTEDFUN|DS||||
|---|---|---|---|---|
||GROUP||QEF||
||2023|2022|2l)23|2f)22|
||C'O00's|Ê'OOO's|€'OOO's|C'OOO's|
|Balancebrought forward|10,170|9,093|9,826|8,988|
|Netmovementof resourcesintheyear||1|1|838|
|Balance carriedforward|705
1|10
70|10
67|9|
|11
ANALYS|ISOFGROUP ASS|ETSBETWEEN FUNDS|ETSBETWEEN FUNDS||||
|---|---|---|---|---|---|---|
||Fixed
Assets|NetCreditorsTotalFunds
Currentfalling due||Pensions
Deficit|Total 2023||
|||Assetsaftermore|||||
|2023||than1|||||
||€'OOO's|€'OOO'S€'OOO's|C'OOO's|€'OOO's||€'OOO's|
|Restrictedfunds
Unrestrictedfunds|23,639
23.639|288
0
L,223(13,153)
1.511
(13.153)|288
LL,709
t1.997|G\
t4l||288
LI,705
11.993|
||Tangible
Fixed
Assets|
NetCreditorsTotalFunds
CurrentfallingdueexPensions
Assetsaftermore
Deficit||Pensions
Deficit|Total2022||
|||than1|||||
|2l)22
Restrictedfunds
Unrestrictedfunds|Ê'OOO'S
330
23,716
24,046|year
C'OOO'SC'OOO'S
385
-
61 (13,601)
446 (13,601)|C'OOO's C'OOO's
7L5
-
10,176
(6)
10,891
(6)|||C'O00's
7L5
10,170
10,885|
|||37|||||
##
||GROUP||QEF||
|---|---|---|---|---|
||2023|2022|2023|2022|
||c'o00's|€'ooo's|Ê'OOO's|C'00O's|
|Openingfunds|10,885|9,76L|10,163|9,304|
|Netmovements ofresourcesinthe year
Closingfunds|11,993
1,108|10,885
t,L24|tL.24t
1,078|859
10.163|
##
##
|L4
TOTAL|RESOURCESEXPENDED|RESOURCESEXPENDED||||
|---|---|---|---|---|---|
||StaffCostsProperty||Depn.|Other|TOTAL|
|2023||Costs|||2023|
||E'OOo's|€'OOO's|€'OOO's|€'OOO's|€'OOO's|
|Charitable Activities|6,9t2|570|68|8t2|8,362|
|Fundralslng|396|||253|649|
|Tradlng
VASD|531I|376
9|5|59
15|97r
32|
|MERU|t76|2I|74|169|440|
|Grange|794|275|20|91|1,180|
|DevCo||(14)||L4||
|Support Costs|1,190|260|t26|462|2,038|
|Governânce||||50|50|
|TOTAL|10,007|
L,497|293|t,925|L3,722|
||StaffCosts|StaffCosts|PropeÉy|Depn.|Other|TOTAL|
|---|---|---|---|---|---|---|
|2022|||Costs|||2022|
||E'OOO's||€'OOO's|€'OOO's|Ê'oOO's|€'O0O's|
|Char¡tableActivlties|6,358||23t|64|785|7,438|
|Fundralslng||463|||285|748|
|Tradlng||561|437|2|76|L,O76|
|VASD||23|3||5|31|
|MERU||2L2|t2|g;|189|505|
|ssM|||||(70)|(70)|
|Grange||77r_|253|26|72|1,L22|
|DevCo|||||||
|Suppoft Costs|I,tL7||380|p;|938|2,556|
|Governance|||||37|37|
|TOTAL|9,505||1,316|305|2,3L7|L3,443|
|Resourcesexpendedlnthe|yearincludethe||following|||2022|
|||||||€'OOO's|
|Staff costs||||||9,505|
|Auditors Remuneration:|||||||
|-Fees payablefortheexternal audit||||||37|
|Movementlnprovision|||||||
|-Fees payablefortheinternal audit|||||||
|Professlona Illabllltylnsurance||||||6|
|(whlchlncludesTrustees' indemnity||lnsurance)|||||
|Depreclatlon of flxed assets||||||305|
|Operatingleases-hireof otherassets (exclproperty)||||||358|
|15
ALLOC|ATIONOF SUPPO|RT COSTS|AND PENSIO|NSADJUSTME|NT|
|---|---|---|---|---|---|
||DirectCosts|IT|Shared|Pensions|TOTAL|
|2023|||Services||2023|
||C'O0O's|€'00O's|f'OOO's|€'OOO's|€'OOO's|
|Care&Rehabilitation|3,956|151|613|64|4,784|
|IndependentLiving
MobilitySe¡vices|3,437
810|747
35|589
133|67
26|4,24O
t,0o4|
|Other||||||
|Fundraising
Trading|651
953|24
39|109
152|15
2t|799
1,165|
|VASD|33|||2|35|
|MERU|418|18|60|9|505|
|Grange|1,t47|15||24|1,186|
|QEFDevelopments|4||||4|
||I1,409|429|1.656|228|13,722|
|2022|Direct Costs|IT|Shared|Shared|Pensions|TOTAL|
|---|---|---|---|---|---|---|
||C'O00's|€'OOO's|€'OO0's||€'OOO's|f,'ooo's|
|Care&Rehabilitation|3,747|118||518|81|4,458|
|IndependentLiving|3,202|136||599|93|4,030|
|Assisted Aviation|27|2||9|1|39|
|MobilityServices
Other|785
(70)|33||t44|22|984
(70)|
|Fundraising|748|42||184|29|1,003|
|Trading|t,076|27||104||1,207|
|VASD|31|3||13||47|
|MERU|506|23||89||618|
|Grange|7,722|||3||r,t25|
|QEFDevelopments||||2||2|
||11.168|384|1|65|226|73.443|
##
|The average numberofpersonsemployedb|yQEFduringthe year wa|s:|||
|---|---|---|---|---|
||Fulltime|Fulltime|PaÉtime|PaÉtime|
||zlJ23|2f¡22|2f)23|2022|
|Care&Rehabilitation|33|36|25|25|
|IndependentLiving Seruices|34|46|35|34|
|MobilityServ¡ces|9|7|15|27|
|AccesibleAviation|||||
|CentralServices|18|2t|7|5|
|Fundraising&Publicity
QEF
Co mmericalTradingOperations|10
L04
L2|11
t27
t4|4
86
23|5
90
23|
|VASD||||1|
|MERU|3|4|5|5|
|Grange
GROUP|13
732|77
156|26
140|15
t34|
##
|||GROUP||QEF||
|---|---|---|---|---|---|
|Staffcosts:|2023|2022|2023||2022|
||C'OOO's|€'OOO's|I'OO0's||€'OOO's|
|Salariesand wages|6,r28|6,456|4,874||5,109|
|Agency|2,958|2,242|2,842||2,163|
|SocialSecurity costs|559|565|472||474|
|Definedbeneflt pension scheme costs|4|7||||
|Definedcontribution andotherpension costs|2LL|2L6|177||t78|
|Otherstaffcosts|t32||t22|||
|Healthscheme|15|19|11||t4|
||10,007|9,505|8,498||7,938|
|The numberofemployees earning€60,000p,a.ormor|ewas|||
|---|---|---|---|
||2023|2|o22|
|Ê60,000-Ê69,999|2||2|
|€70,000-879,999|2||4|
|Ê80,000-€89,999|2|||
|É100,000- f109,999|1||1|
##
##
##
|
Capitalcom|mitments at 31March2023notprovid|edforinthesefinancialstatements||
|---|---|---|---|
|||2023
€'OOO's|2022
Í'ooo's|
|Contracted|for|L28||
|||T28||
##
##
##
##
##
##
##
|Presentvalueofprovision|||||
|---|---|---|---|---|
|||31March|31March|31March|
|||2023|2022|2021|
|||E.EE|||
|Presentvalueofprovision||3,645|5.7t7|3t,032|
|Reconc¡lfatlonof openlng andclos¡ngprovisions|||31March|31March|
||||2f¡23|2022|
||||c.|s.|
|Provlslonat startofperiod|||5,7t7|3L,O32|
|Unwlndingof thediscountfactor(interestexpense)
Defic¡tcontributionpald
Remeasurements-lmpact ofany changesinassumptions
Remeasurements-amendmentstothecontributionschedule
Provisionatendofperiod|4L||108
(2,083)
(e7)
3,645|L79
(7,853)
(131)
t7
5,7L7|
##
##
|Incomeandexpenditure impact|||
|---|---|---|
||31March|31March|
||2023|2022|
||E|E|
|Interestexpense|108|L79|
|Remeasurements-impact ofany changesinassumptions|(e7)|(131)|
|Remeasurements-amendmentstothe contributionschedule||(17,510)|
|Contributions paid in respectof futureservice|||
|Costsrecognised in income and expenditure account|||
##
|Assumptions|||
|---|---|---|
||31March31March|31March|
||2023
2022|2021|
|Rateofdiscount|oloperannuno/oper annunoloper annum
5.52
2.35
0.66||
##
|Defi|cit contr¡but¡onsschedule||||||
|---|---|---|---|---|---|---|
|Year|ending|31|March|3lMarch|31|March|
||||2023|2022||202'-|
||||E|E||ç.|
|Year|1||2,O83|2,083||7,853|
|Year|2||L,736|2,083||8,088|
|Year|3|||L,736||8,331|
|Year|4|||||7,Lst|
|Year|5||||||
|Year|6||||||
|Year|7||||||
|Year|8||||||
|Year|9||||||
|Year|10||||||
##
##
##
|Ín202!,QEFwasissuedaloanof É750k undertheCor
The loanwasrepayableover 60monthsfromSeptembe
interestispayableat1.88o/opa+baserate. Theamoun
ETLZk)ofwhich€168kisdue within1yearand thebal|onovirusBusinessInterruptionLoanScheme
r2O2Iandafteran interestfreeperiodofI
toutstandingat 31March2023wasÉ601k
anceof€433kisdueafteroneyear'|(CBILS)
year,
(2022:|
|---|---|---|
|Total loan repayable:|2023
€OOO's|2022
€000's|
|PPF|13,234|13,630|
|CBILS|601|7L2|
||13,835|t4,342|
|Loans fall due|2023|2022|
||€OOO's|4000's|
|Under1year|784|74L|
|Within2-5years|4,992|2,928|
|After more than5years|8,059|L0.673|
||13,835|t4,342|
##
##
|At31March2023 the grouphad non-cancellabletotalcommit
forproperties,whichexpirel|mentsunderoperatingleases||
|---|---|---|
||2023|2022|
||€OOO's|ÍOOO's|
|Under 1year|311|358|
|W¡thin2-5years|864|L,0t2|
|After more than5 years|806|980|
||1,981|2,350|
|23
GRANTS RECEIVED|||
||2023|2fJ22|
||€'ooo's|€'OOO's|
|DepartmentforTransport|617|563|
|Motability|42|42|
|RetailGrantScheme||61|
|Infection ControlandCOVIDGrants|4|190|
|Other|60|45|
||723|901|
##
|TheVoluntaryAssociationforSurreyDisabledLtd
Medical Engineering ResourceUnit
QEFTradingLtd|E
E
Ê.|2023
-
E
75,493€
t90,844E|2022
L5,622
111,161
130,572|
|---|---|---|---|
|bala|nceswithsubsidiaries:||||
|---|---|---|---|---|
||||2fJ2?|2022|
|QEF
QEF
The
The|TradingLtd
DevelopmentsLimited
VoluntaryAssociationforSurreyDisabledLtd
Grange(2016)Ltd|r.
î.
E
r.|7,927
62r,B2t|î.r57,587
f133,508
L594,3L2
E74,506|
|Medical Engineering ResourceUnit
QEFTradingLtd
The Grange(2016)Ltd|2023
E247,714f
E
9,OL4E
Ê.t5,697E|2022
288,565
-
-|
|---|---|---|
##
##
|26
RECONCILIATIONOFNET MOVEMENTI|NFUNDS||
|---|---|---|
||2023|2022|
||€'OOO's|f'OOO's|
|QEFIncomingResources
QEFResources Expended|14,622
(L3,722\|L4,432
t13.443)|
|QEFOperating(Deficit)/Surplus|900|989|
|Othermovementsin Funds|208|135|
|Net MovementinFundsonSOFA|1 108|r24
1|
##