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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|5|
|Report ofthe Independent<br>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|





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||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<br>and legacies|||10||10|5,140|
|Charitable<br>activities||6|||||
|Provision ofsheltered|housing &residential|care|1,646,017||1,646,017|1,472,665|
|Other trading activities|||143||143|125|
|investment<br>income|||1,135||1,135|550|
|Total|||1,647805||1,647+05|1,478,480|
|EXPENDITURE ON|||||||
|Charitable<br>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<br>in funds|||(77,902)|(14868)|(92,870)|(51,671)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought<br>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|





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||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<br>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<br>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<br>&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<br>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<br>period|||||(13,583)|(31,235)|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||754,470|785,705|
|Cash and cash equivalents||at the end|of||||
|the reporting period|||||740,887|754,470|





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|ACTIVITIES||||||
|---|---|---|---|---|---|
|||||313.23|31.3.22|
|Net expenditure<br>for the reporting||period (asper the Statement of||||
|Financial Activities)||||(92,870)|(51,671)|
|Adjustments<br>for:||||||
|Depreciation<br>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<br>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|





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||||||||
|---|---|---|---|---|---|---|
|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<br>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<br>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|





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|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<br>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|





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|||||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|





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|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<br>(including<br>pension contributions)<br>forkey management<br>person<br>No employees<br>received emoluments<br>in excess off60,000.|The total remuneration<br>(including<br>pension contributions)<br>forkey management<br>person<br>No employees<br>received emoluments<br>in excess off60,000.|The total remuneration<br>(including<br>pension contributions)<br>forkey management<br>person<br>No employees<br>received emoluments<br>in excess off60,000.|nel<br>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<br>Statements - continued<br>for the Year Ended 31March 2023|Notes to the Anancial<br>Statements - continued<br>for the Year Ended 31March 2023|Notes to the Anancial<br>Statements - continued<br>for the Year Ended 31March 2023|Notes to the Anancial<br>Statements - continued<br>for the Year Ended 31March 2023|||
|---|---|---|---|---|---|---|
|13.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||-continued||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
||Charitable<br>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<br>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<br>activity|expenditure|||(1,296,658)|(1,117,334)|
||Social housing<br>activity|depreciation|||(20,156)|(21,801)|
||Operating<br>surplus<br>fi'om social housing||activities||330,490|339,345|
||Social housing<br>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<br>for the Ye<br>SETS|ancial Statements<br>ar Ended 31Mar|-continued<br>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<br>Charge for year|||395,427<br>3,683||375,028<br>18,627|770,455<br>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|





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||An analysis oft|he maturity ofloa|ns is given below|:|||||
|---|---|---|---|---|---|---|---|---|
||||||||313.23|31.3.22|
||Amounts<br>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<br>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<br>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)|





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|Comparatives|for moveme|nt<br>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<br>and legacies||||
|Donations||10|140|
|Legacies|||5,000|
|||10|5,140|
|Other trading activities||||
|Fundraising<br>events||143|125|
|Investment<br>income||||
|Deposit account interest||1,135|550|
|Charitable<br>activities||||
|Residents fees||1,645,417|1,429,331|
|Infection control grants|||17,741|
|Job retention<br>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<br>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<br>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<br>and software||4+23|4,246|
|Coronavirus<br>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<br>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<br>costs||||
|Auditors'<br>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)|