2023-03-31-accounts

				Pages
Reference and administrative its directors and advisers		details	ofthe charity,	1-2
Strategic report of the	directors			3 -11
Directors' report				12 - 13
Independent auditor's	report			14 - 17
Statement of comprehensive		income
(including income	and expenditure		account)	18
Statement of changes	in equity			19
Balance sheet				20
Statement of cash flows				21
Notes to the financial	statements			22-35

Michele Quaife MBE	- Operations	Manager
Dot Wheeler	- Registered	Care Manager
Diane Fitzgerald	- Marketing	Manager
Lyndsay Parker	- Manager,	Polly's Field
Alison Goldstein	- Manager,	Great Bradfords House
Sandra Ryder	- Manager,	Wickham House
Cass Murray	- Manager,	Felsted House
Dionne Hayes	- Finance Manager

Registration	Registration	Numbers:
Company			00945603
Charity			257782
Housing		Corporation	H0340
Bankers			Barclays Bank pic
			London Corporate		Banking
			93Baker Street
			Marylebone
			London
			W1U 8ED
Statutory	Auditor		SBAudit LLP
			Chartered	Accountants
			820 The Crescent
			Colchester	Business Park
			Colchester
			Essex
			CO4 9YQ

				Unrestricted	Restricted	Total	Total
				funds	funds	funds'	funds
				2023 f	2023 6	2023	2022
			Notes
Turnover			3	3,196,958		3,196,958	1,672,306
Operating expenditure			3	(2,529,672)	(875,553)	(3,405,225)	(1,514,799)
Operating surplus			3,4	667,286	(875,553)	(208,267)	157,507
Other income
Other interest receivable		and
similar income			5	5,675		5,675
Donations			5	4,804		4,804	47,977
Sundry income			5	17,353		17,353	2,814
Total comprehensive	Income
for the year			13	695,118	(875,553)	(180,435)	208,298
Net transfer to designated
reserves			13	(155,342)		(155,342)	432,071
Total comprehensive	Income
for the year after	transfers			8539,776	6 (875,553)	6(335,777)	f 640,369

				Unrestricted
			Unrestricted	Income and
			Designated	expenditure	Restricted
			reserves 6	account 6	reserves 6	Totalf
At 1 April 2021			4,547,112		985,184	5,532,296
Surplus/(deficit)	for	2021/22		317,929	(109,631)	208,298
Transfers between		funds for
2021/22			(432,071)	432,071
At 31 March 2022			4,115,041	750,000	875,553	5,740,594
(Deficit)/surplus	for	2022/23	(510,224)	1,205,342	(875,553)	(180,435)
Transfers between		funds for
2022/23			155,342	(155,342)
At 31 March 2023			63,760,159	61,800,000	6 -	65,560,159

	AS AT 31 MARCH	2023
				Notes
					2023	2022
	Fixed assets
	Housing properties				30,711,313	30,615,395
	Other fixed assets				27,573	25,952
	Total tangible fixed assets				30,738,886	30,641,347
	Current assets
	Investments				700,000
	Debtors falling due within one year				131,498	46,310
	Debtors falling due after more than one year				446,721
	Cash at bank and in	hand			900,836	278,036
	Creditors: amounts	falling due			2,179,056	324,346
	within one year			10	(781,274)	(9,580,502)
	Net current assets				1,397,781	(9,256,156)
	Total assets less current		liabilities		32,136,667	21,385,191
	Creditors: amounts	falling due
	after more than one year				(26,576,508)	(15,644,597)
					6 5,560,159	65,740,594
	Capital and reserves
	Designated reserves			13	3,760,159	4,115,041
	Revenue reserve			13	1,800,000	750,000
.	Total unrestricted reserves				5,560,159	4,865,041
	Restricted reserves			13		875,553
					E. 5,560,159	F.5,740,594

YEAR ENDED 31 MARCH	202	3
					2023	2022
				Note
Cash flows from operating	activities
(Deficit)/surplus for the financial year					(180,435)	208,298
Depreciation					589,690	131,048
Social Housing Grant release					(52,945)	(52,945)
Polly's Field Grant release					(362,267)
Deferred income release					(140,899)
Interest received					(5,675)
Increase in debtors					(531,909)	(275)
Increase in creditors					6,256,094	10,209,545
Net cash inflow from operating		activities			5,571,654	10,495,671
Cash flows from investing	activities
Interest received					5,675
Fixed asset additions					(687,229)	(9,436,092)
Grants received					647,500	387,500
Net cash outflow from investing		activities			(34,054)	(9,048,592)
Cash flows from financing	activities
Decrease in loans					(4,214,800)	(1,203,355)
Net cash outflow from financing		activities			(4,214,800)	(1,203,355)
Increase in cash and cash	equivalents				1,322,800	243,724
Cash and cash equivalents the year	at the beginning		of		278,036	34,312
Cash and cash equivalents	at the end ofyear				61,600,836	L 278,036
Cash at bank at the end of	the year				900,836	278,036
Cash equivalents at the end of		the year			700,000
Cash and cash equivalents	at end ofyear			22	6 1,600,836	6278,036

TURNOVER
				2023	2022
				6	6
Income from lettings		and	care
Rent/service	charges	(net of bad debts)		2,320,632	1,297,366
Voids				(199,570)	(102,882)
Social Housing Grant		release		52,945	52,945
Polly's Field	deferred	income release		140,899
Polly's Field	Grant release			362,267
				2,677,173	1,247,429
Care package fees Other services from Care				433,720 86,065	287,180
Other income: Polly's		Field			137,697
Turnover				63,196,958	6 1,672,306
Service costs				1,955,143	1,091,274
Management	costs			750,258	108,302
Repairs and	maintenance		costs	115,581	75,766
Depreciation				589,690	131,048
Other costs	(net)			(5,447)	(1,222)
				3,405,225	1,405,168
Polly's Field development			costs		109,631
Operating	expenditure			E 3,405,225	5 1,514,799
Operating	(deficit)/surplus			6(208,267)	6 157,507

		2023 6	2022f
Depreciation		589,690	131,048
Auditor's	remuneration	8,950	6,530

		2023f	2022f
Wages	and salaries	1,326,392	876,485
Social	security costs	89,449	52,290
		f 1,415,841	f 928,775

			No	No
Executive	Committee		9	8
Operations	Manager		1	1
Senior Personnel			7	6
Housekeepers,		Support workers, Carers and Domestic Helpers	90	67
			107	82

TANGIBLE FIXEDASSETS
	Freehold	Fixtures,
	land and	fittings and
	buildings	equipment	Total
		E	E
Cost or valuation
At 1 April 2022	32,898,157	755,587	33,653,744
Additions	677,454	9,775	687,229
At 31 March 2023	33,575,611	765,362	34,340,973
Depreciation At 1 April 2022	2,282,762	729,635	3,012,397
Charge for the year	581,536	8,154	589,690
At 31 March 2023	2,864,298	737,789	3,602,087
Net book values
At 31 March 2023	F 30,711,313	E.27,573	E30,738,886
At 31 March 2022	E 30,615,395	E25,952	E 30,641,347

DEBTORS
				2023	2022
				6	6
Prepayments				12,932	7,885
Rent debtors				81,111	30,751
Other debtors				7,674	7,674
Loan discounting	falling	due within one year		29,781
Loan discounting	falling	due after more than one year		446,721
				6 578,219	646,310
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
				2023	2022
				6	6
Trade creditors				370,673	899,076
Other taxes and	social	security costs		43,136	44,228
Accruals and deferred		income		337,997	193,243
Other creditors				29,468	29,155
Bank loan (secured)					8,414,800
				6781,274	6 9,580,502

		2023	2022
		6	6
Deferred income		22,376,508	15,644,597
GBSocial Housing	loan	4,200,000
		6 26,576,508 6 15,644,597

					(Deficit)l
					surplus
				Balance	for the		Balance
				1.4.22	year	Transfers	31.3.23
				f.	f.	f	f
Restricted funds
Polly's Field				875,553	(875,553)
Designated	funds
Polly's Field				1,106,949	(510,224)	135,361	732,086
Major Repairs		- Felsted House		187,742		20,000	207,742
Refurbishment		of
Great Bradfords House				434,730.			434,730
Refurbishment		of Wickham
House				347,960		20,000	367,960
Upgrade of bathrooms				250,000			250,000
Fixed Asset Fund				1,787,660		(20,019)	1,767,641
				4,115,041	(510,224)	155,342	3,760,159
Income and	expenditure		account
Revenue Reserve				750,000	1,205,342	(155,342)	1,800,000
Totalreserv	s			f 5,740,594	f(180,435)	E -	6 5,560,159

		Unrestricted	Restricted	Total
		2023	2023	2023
				8
Fixed assets		30,738,886		30,738,886
Current	assets	2,179,055		2,179,055
Current	liabilities	(781,274)		(781,274)
Long term liabilities		(26,576,508)		(26,576,508)
		65,560,159	6 -	6 5,560,159

		2023	2022
		6	F
Great Bradfords House		1,989,948	2,036,227
Wickham	House	200,000	206,666
Felsted	House	350,315	350,315
Polly's Field		4,178,751
		6 6,719,014	B2,593,208
Included	within:	2023 6	2022f
Deferred	income within one year	105,324	52,945
Deferred	income two to five years	680,295	211,778
Deferred	income after five years	5,933,395	2,328,485
		6 6,719,014	L 2,593,208

RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS
The Society paid travel expenses in respect			of the	following Trustees:
				2023	2022
A Cramphom				f 253	f 264
No Trustee received	any other	remuneration	during	the year (2022 - fNil).
All transactions are	conducted	on an arm's	length	basis.
Senior management	team remuneration totalled f234,875 (2022 - f196,732).
CONTROL
The Society is controlled by its		Board.

18	ACCOMMODATION	ACCOMMODATION	IN MANAGEMENT
				2023	2022
	Number	of units of	housing accommodation
	At 1 April	2022 and	31 March 2023	165	66
	Wickham	House provides 17(2022- 17)studios.

					2023	2022
Financial	assets measured		at the transaction	price	8565,287	831,001
Financial	liabilities	measured	at the transaction	price	8 27,311,177	L 25,177,404

		Balance at		Other	Balance at
		1 April		non-cash	31 March
		2022	Cash flows	changes	2023
			8		8
Cash		278,036	622,800		900,836
Cash	equivalents		700,000		700,000
Cash	and cash equivalents	278,036	1,322,800		1,600,836
Loans		(8,414,160)	4,214,160		(4,200,000)
		8 (8,136,124)	8 5,536,960	8 -	6(2,599,164)

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		f.	6	f.
Turnover		1,672,306		1,672,306
Operating expenditure		(1,405,168)	(109,631)	(1,514,799)
Operating surplus		267,138	(109,631)	157,507
Other income
Donations		47,977		47,977
Sundry Income		2,814		2,814
Total comprehensive	income
for the year		317,929	(109,631)	208,298
Net transfer lo designated
reserves		432,071		432,071
Total comprehensive	income
for the year after	transfers	6750,000	6(109,631)	E640,369