| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Statement ofFinancial Position | |||
| Statement ofCash Flows | 12 | ||
| Notes to the Statement ofCash Flows | 13 | ||
| Notes to the Financial Statements | 14 | to | 23 |
| Detailed Statement ofFinancial Activities | 24 | to | 25 |
| for | the Year E | nded 31March | 2023 | |||
|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funrls | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
10 | 10 | 5,140 | |||
| Charitable activities |
6 | |||||
| Provision ofsheltered | housing &residential | care | 1,646,017 | 1,646,017 | 1,472,665 | |
| Other trading activities | 143 | 143 | 125 | |||
| investment income |
1,135 | 1,135 | 550 | |||
| Total | 1,647805 | 1,647+05 | 1,478,480 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
7 | |||||
| Provision ofsheltered | housing &residential | care | 1,738,158 | 2,017 | 1,740,175 | 1,530,151 |
| NET INCOME/(EXPENDITURE) | (90,853) | (2,017) | (92,870) | (51,671) | ||
| Transfers between funds | 20 | 12+51 | (12,951) | |||
| Net movement in funds |
(77,902) | (14868) | (92,870) | (51,671) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
2,747,584 | 14,968 | 2,762,552 | 2,814,223 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,669,682 | 2,669,682 | 2,762,552 |
| 31March 2023 | |||
|---|---|---|---|
| 313.23 | 31.3.22 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 15 | 2,010,671 | 2,031,312 |
| CURRENT ASSETS | |||
| Debtors | 16 | 72,828 | 50,210 |
| Cash at bank and in hand | 741,083 | 754,773 | |
| 813/11 | 804,983 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(154,900) | (73,743) | |
| NET CURRENT ASSETS | 659,011 | 731,240 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 2,669,682 | 2,762,552 | |
| NKT ASSETS | 2,669,682 | 2,762,552 | |
| FUNDS | 20 | ||
| Unrestricted funds |
2,669,682 | 2,747,584 | |
| Restricted funds | 14,968 | ||
| TOTAL FUNDS | 2,669,682 | 2,762,552 |
| f | or the Year Ended | 31March 2023 | ||||
|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated &om operations |
(13,035) | (20,078) | ||||
| Interest paid | (14) | (19) | ||||
| Net cash used in operating | activities | (13,049) | (20,097) | |||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed |
assets | (1,669) | (11,688) | |||
| Interest received | 1,135 | 550 | ||||
| Net cash used in investing | activities | (534) | (11,138) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(13,583) | (31,235) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 754,470 | 785,705 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period | 740,887 | 754,470 |
| ACTIVITIES | |||||
|---|---|---|---|---|---|
| 313.23 | 31.3.22 | ||||
| Net expenditure for the reporting |
period (asper the Statement of | ||||
| Financial Activities) | (92,870) | (51,671) | |||
| Adjustments for: |
|||||
| Depreciation charges |
22,310 | 22,747 | |||
| Loss on disposal offixed assets | 2,035 | ||||
| Interest received | (1,135) | (550) | |||
| Interest paid | 14 | 19 | |||
| Increase in debtors | (22,618) | (2,918) | |||
| Increase in creditors | 81,264 | 10,260 | |||
| Net cash used in operations | (13,035) | (20,078) | |||
| ANALYSIS OF CASH AND CASH EQUIVALENTS | |||||
| 31.3.23 | 31.3.22 | ||||
| Cash in hand | 421 | 805 | |||
| Notice deposits (less than 3months) | 740,662 | 753,968 | |||
| Overdrafts included |
in bank loans and overdrafts | falling due within one year | (196) | (303) | |
| Total cash and cash | equivalents | 740,887 | 754,470 | ||
| ANALYSIS OF CHANGES IN NET FUNDS | |||||
| At 1.4.22 | Cash flow | At31.3.23 | |||
| Net cash | |||||
| Cash at bank and in | hand | 754,773 | (13,690) | 741,083 | |
| Bank overdraft | (303) | 107 | (196) | ||
| 754,470 | (13,583) | 740,887 | |||
| Total | 754,470 | (13,583) | 740,887 |
| 3. | DONATIONS | AND LEGACIES | ||||
| 313.23 | 31.3.22 | |||||
| Donations | 10 | 140 | ||||
| Legacies | 5,000 | |||||
| 10 | 5,140 | |||||
| 4. | OTHER TRADING ACTIVITIES | |||||
| 31.3.23 | 31.3.22 | |||||
| Fundraising events |
143 | 125 | ||||
| 5. | INVKSTMKNT INCOME | |||||
| 31.3.23 | 31.3.22 | |||||
| Deposit account | interest | 1,135 | 550 | |||
| INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 31.3.23 | 31.3.22 | |||||
| Activity | ||||||
| Provision ofsheltered | housing &residential | |||||
| Residents fees | care | 1,645,417 | 1,429,331 | |||
| Provision ofsheltered | housing &residential | |||||
| Infection control grants | care | 17,741 | ||||
| Provision ofsheltered | housing &residential | |||||
| Job retention scheme grant |
care | 5,952 | ||||
| Provision ofsheltered | housing &residential | |||||
| Rapid testing grant | care | 19,641 | ||||
| Provision ofsheltered | housing &residential | |||||
| SBCwinter fuel grant | care | |||||
| 1,646,017 | 1,472,665 |
| 7. | CHARITABLE ACTIVITIES COSTS | CHARITABLE ACTIVITIES COSTS | CHARITABLE ACTIVITIES COSTS | CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|---|---|---|---|
| Direct | Support | |||||||
| Costs (see | costs (see | |||||||
| note 8) | note 9) | Totals | ||||||
| Provision | ofsheltered | housing & | ||||||
| residential | care | 1+16,815 | 423,360 | 1,740,175 | ||||
| S. | DIRECT | COSTSOF CHARITABLE ACTIVITIES | ||||||
| 313.23 | 31.3.22 | |||||||
| Staffcosts | 692,017 | 662,232 | ||||||
| Rates and | water | 1S,134 | 17,449 | |||||
| Insurance | 33,036 | 28,662 | ||||||
| Light and | heat | 71,362 | 71,814 | |||||
| Telephone | 5,042 | 4,376 | ||||||
| Postage and stationery | 52 | 95 | ||||||
| Sundries | 8,781 | 4,213 | ||||||
| Provisions | and household | supplies | 69,940 | 60,794 | ||||
| Catering | 160323 | 138,541 | ||||||
| Agency staff | 58,052 | 359 | ||||||
| Repairs and maintenance | 168,476 | 109,457 | ||||||
| Tralnnlg | 5,104 | 3,216 | ||||||
| Computer | and software | 4/23 | 4,246 | |||||
| Coronavirus costs |
1,603 | |||||||
| Infection control grant | costs | 2,017 | 10,277 | |||||
| Depreciation | 20,156 | 21,801 | ||||||
| 1+16,815 | 1,139,135 | |||||||
| 9. | SUPPORT COSTS | |||||||
| Governance | ||||||||
| Management | Finance | costs | Totals | |||||
| Provision | ofsheltered | housing &residential | ||||||
| care | 394,500 | 1,744 | 27,116 | 423860 | ||||
| Support costs, included | in the above, are as | follows | ||||||
| Management | ||||||||
| 31.3.23 | 31.3.22 | |||||||
| Provision | ||||||||
| of | ||||||||
| sheltered | ||||||||
| housing & | ||||||||
| residential | Total | |||||||
| care | activities | |||||||
| Wages | 258,187 | 226,240 | ||||||
| Social security | 18,151 | 14,235 | ||||||
| Pensions | 9,568 | 46,443 | ||||||
| Carried forward | 285,906 | 286,918 |
| 318.23 | 31.3.22 | ||||
|---|---|---|---|---|---|
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Brought forward | 285,906 | 286,918 | |||
| Rent and | service charges | 33,404 | 31,156 | ||
| Insurance | 490 | 1+13 | |||
| Telephone | 1,658 | 1,658 | |||
| Postage and | stationery | 9@62 | 8,589 | ||
| Advertising | 1,531 | 2,445 | |||
| Sundries | 1,151 | 3,055 | |||
| Computer | expenses | 3,945 | 8,220 | ||
| Repairs and renewals | 3,708 | 3,013 | |||
| Training | 1,400 | 515 | |||
| Legal and | professional | fees | 49,791 | 13,184 | |
| Depreciation | oftangible | and heritage assets | 2,154 | 946 | |
| Loss on disposal oftangible fixed assets | 2,035 | ||||
| 394+00 | 363,047 | ||||
| Finance | |||||
| 31.3.23 | 31.3.22 | ||||
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Bank charges | 1,730 | 1,734 | |||
| Mortgage | 14 | 19 | |||
| 1,744 | 1,753 | ||||
| Governance | costs | ||||
| 318.23 | 31.3.22 | ||||
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Auditors' | remuneration | 10,500 | 9,600 | ||
| Affiliation | fees | 16,616 | 16,616 | ||
| 27,116 | 26+16 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 319.23 | 31.3.22 | |||
| %ages and salaries | 881,451 | 826,210 | ||
| Social security costs | 66,697 | 55,955 | ||
| Other pension costs | 29,775 | 66,985 | ||
| 977,923 | 949,150 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 31.3.23 | 31.3.22 | |||
| All houses and head | office | 46 | 46 |
| The total remuneration (including pension contributions) forkey management person No employees received emoluments in excess off60,000. |
The total remuneration (including pension contributions) forkey management person No employees received emoluments in excess off60,000. |
The total remuneration (including pension contributions) forkey management person No employees received emoluments in excess off60,000. |
nel amounted |
tof65,096. |
|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| INCOME | AND ENDOWMENTS FROM | |||
| Donations | and legacies | 5,140 | 5,140 | |
| Charitable | activities | |||
| Provision | ofsheltered | housing &residential | ||
| care | 1,435,283 | 37,382 | 1,472,665 | |
| Other trading activities | 125 | 125 | ||
| Investment | income | 550 | 550 | |
| Total | 1,441,098 | 37,382 | 1,478,480 |
| Notes to the Anancial Statements - continued for the Year Ended 31March 2023 |
Notes to the Anancial Statements - continued for the Year Ended 31March 2023 |
Notes to the Anancial Statements - continued for the Year Ended 31March 2023 |
Notes to the Anancial Statements - continued for the Year Ended 31March 2023 |
|||
|---|---|---|---|---|---|---|
| 13. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | -continued | ||||
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| Charitable activities |
||||||
| Provision ofsheltered | housing &residential | |||||
| care | 1,518,271 | 11,880 | 1,530,151 | |||
| NET INCOMEI(EXPENDITURE) | (77,173) | 25,502 | (51,671) | |||
| Transfers between funds | 29,333 | (29,333) | ||||
| Net movement in funds |
(47,840) | (3,831) | (51,671) | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward | 2,795,424 | 18,799 | 2,814,223 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,747,584 | 14,968 | 2,762,552 | |||
| 14. | SOCIAL HOUSING | TURNOVER | AND COSTS | |||
| 2023 | 2022 | |||||
| Rents receivable | 1,645,417 | 1,429,331 | ||||
| Other associated income | 1,887 | 5,815 | ||||
| Grants received | 43,334 | |||||
| Social housing activity |
expenditure | (1,296,658) | (1,117,334) | |||
| Social housing activity |
depreciation | (20,156) | (21,801) | |||
| Operating surplus fi'om social housing |
activities | 330,490 | 339,345 | |||
| Social housing activity |
administrative | expenditure | (423,360) | (391,016) | ||
| Net deficit from social | housing activities | (92,870) | (51,671) | |||
| Losses fiom vacancies | 744,727 | 834,528 |
| 15. | TANGIBLE | ~AS | Notes to the Fin for the Ye SETS |
ancial Statements ar Ended 31Mar |
-continued ch 2023 |
||
|---|---|---|---|---|---|---|---|
| Social | Fixtures | ||||||
| Freehold | housing | and | |||||
| property | grant | fittings | Totals | ||||
| COST | |||||||
| At 1April 2022 | 3,683,034 | (1,440,897) | 559,630 | 2,801,767 | |||
| Additions | 1,669 | 1,669 | |||||
| At 31March | 2023 | 3,683,034 | (1,440,897) | 561,299 | 2,803,436 | ||
| DEPRECIATION | |||||||
| At 1April 2022 Charge for year |
395,427 3,683 |
375,028 18,627 |
770,455 22,310 |
||||
| At 31March | 2023 | 399,110 | 393,655 | 792,765 | |||
| NKT BOOK | VALUE | ||||||
| At 31 March | 2023 | 3,283,924 | (1,440,897) | 167,644 | 2,010,671 | ||
| At 31 March | 2022 | 3,287,607 | (1,440,897) | 184,602 | 2,031,312 | ||
| 16. | DEBTORS: | AMOUNTS | FALLING DUE | WITHIN ONK YEAR | |||
| 31.3.23 | 31.3.22 | ||||||
| f. | |||||||
| Trade debtors | 34,012 | ||||||
| Other debtors | 3,983 | ||||||
| Prepayments | and accrued | income | 38,816 | 46,227 | |||
| 72,828 | 50,210 | ||||||
| 17. | CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR | ||||||
| 31.3.23 | 31.3.22 | ||||||
| Bank loans and overdrafls | (see note 18) | 196 | 303 | ||||
| Trade creditors | 114,807 | 12,510 | |||||
| Social security and other | taxes | 11,896 | 19,478 | ||||
| Accruals and | deferred income | 28,001 | 41,452 | ||||
| 154,900 | 73,743 |
| An analysis oft | he maturity ofloa | ns is given below | : | |||||
|---|---|---|---|---|---|---|---|---|
| 313.23 | 31.3.22 | |||||||
| Amounts falling |
due within one year on demand: | |||||||
| Bank overdralls | 196 | 303 | ||||||
| 19. | ANALYSIS OFNET ASSETS | BETWEEN FUNDS | ||||||
| 31.3.23 | 31.3.22 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | fllnds | |||||
| f. | ||||||||
| Fixed assets | 2,0109671 | 2,010,671 | 2,031,312 | |||||
| Current assets | 813,911 | 813,911 | 804,983 | |||||
| Current liabilities | (154,900) | (154,900) | (73,743) | |||||
| 2,669,682 | 2,669,682 | 2,762,552 | ||||||
| 20. | MOVEMENT | IN FUNDS | ||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At | 1.4.22 | in fimds | funds | 31.3.23 | ||||
| Unrestricted funds |
||||||||
| General fund | 2,747,584 | (90,853) | 12,951 | 2,669,682 | ||||
| Restricted funds | ||||||||
| Infection Control Grant | 14,968 | (2,017) | (12,951) | |||||
| TOTAL FUNDS | 2,762,552 | (92,870) | 2,669,682 | |||||
| Net movement | in funds, included | in the above are | as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted funds |
||||||||
| General fund | 1,647@05 | (1,738,158) | (90,853) | |||||
| Restricted funds | ||||||||
| Infection Control Grant | (2,017) | (2,017) | ||||||
| TOTALFUNDS | 1,647+05 | (1,740,175) | (92,870) |
| Comparatives | for moveme | nt in funds |
||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| Unrestricted | funds | |||||
| General fund | 2,795,424 | (77,173) | 29,333 | 2,747,584 | ||
| Restricted funds | ||||||
| Infection Control Grant | 18,167 | 5,861 | (9,060) | 14,968 | ||
| Workforce Capacity Grant | 632 | (632) | ||||
| Rapid Testing | Grant | 19,641 | (19,641) | |||
| 18,799 | 25,502 | (29,333) | 14,968 | |||
| TOTAL FUNDS | 2,814,223 | (51,671) | 2,762,552 | |||
| Comparative | net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 1,441,098 | (1,518/71) | (77,173) | |||
| Restricted funds | ||||||
| Infection Control Grant | 17,741 | (11,880) | 5,861 | |||
| Rapid Testing | Grant | 19,641 | 19,641 | |||
| 37,382 | (11,880) | 25,502 | ||||
| TOTAL FUNDS | 1,478,480 | (1,530,151) | (51,671) |
| for the Year Ended | 31March 2023 | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 10 | 140 | |
| Legacies | 5,000 | ||
| 10 | 5,140 | ||
| Other trading activities | |||
| Fundraising events |
143 | 125 | |
| Investment income |
|||
| Deposit account interest | 1,135 | 550 | |
| Charitable activities |
|||
| Residents fees | 1,645,417 | 1,429,331 | |
| Infection control grants | 17,741 | ||
| Job retention scheme grant |
5,952 | ||
| Rapid testing grant | 19,641 | ||
| SBCwinter fuel grant | |||
| 1,646,017 | 1,472,665 | ||
| Total incoming resources | 1,647@05 | 1,478,480 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 623/64 | 599,970 | |
| Social security | 48,546 | 41,720 | |
| Pensions | 20,207 | 20,542 | |
| Rates and water | 18,134 | 17,449 | |
| Insurance | 33,036 | 28,662 | |
| Light and heat | 71,362 | 71,814 | |
| Telephone | 5,042 | 4,376 | |
| Postage and stationery | 52 | 95 | |
| Sundries | 8,781 | 4,213 | |
| Provisions and household |
supplies | 69,940 | 60,794 |
| Catering | 160823 | 138,541 | |
| Agency staff | 58,052 | 359 | |
| Repairs and maintenance | 168,476 | 109,457 | |
| Training | 5,104 | 3,216 | |
| Computer and software |
4+23 | 4,246 | |
| Coronavirus costs |
1,603 | ||
| Infection control grant costs | 2,017 | 10,277 | |
| Depreciation - Ireehold property | 3,683 | 3,683 | |
| Depreciation - fixtures and fittings | 16,473 | 18,118 | |
| 1+16,815 | 1,139,135 |
| for the Year Ended 31 | March 2023 | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| Support costs | |||
| Management | |||
| Wages | 258,187 | 226,240 | |
| Social security | 18,151 | 14,235 | |
| Pensions | 9,568 | 46,443 | |
| Rent and service charges | 33,404 | 31,156 | |
| insurance | 490 | 1,313 | |
| Telephone | 1,658 | 1,658 | |
| Postage and stationery | 9,362 | 8,589 | |
| Advertising | 1,531 | 2,445 | |
| Sundries | 1,151 | 3,055 | |
| Computer expenses |
3,945 | 8,220 | |
| Repairs and renewals | 3,708 | 3,013 | |
| Training | 1,400 | 515 | |
| Legal and professional | fees | 49,791 | 13,184 |
| Depreciation - fixtures | and fittings | 2,154 | 946 |
| Loss on disposal oftangible fixed assets | 2,035 | ||
| 394+00 | 363,047 | ||
| Finance | |||
| Bank charges | 1,730 | 1,734 | |
| Mortgage | 14 | 19 | |
| 1,744 | 1,753 | ||
| Governance costs |
|||
| Auditors' remuneration |
10P00 | 9,600 | |
| Affiliation fees | 16,616 | 16,616 | |
| 27,116 | 26,216 | ||
| Total resources expended | 1,740,175 | 1,530,151 | |
| Net expenditure | (92,870) | (51,671) |