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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees'
report|||2-9|
|Independent|auditors'
report|on the financial statements|10 - 13|
|Consolidated|statement
offinancial activities||14|
|Consolidated|balance sheet||15|
|Charity balance sheet|||16 - 17|
|Consolidated|statement
ofcash flows||18|
|Notes to the|financial statements||19-38|
##
|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|DETAILS|DETAILS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|---|
||||FOR THE YEAR||ENDED 31 MARCH 2023||||
|Trustees|||Mr K Burrows,|Chairman||(till|29/07/2022)|(resigned 29 July 2022)|
||||Mr JWhittaker,|Chairman||(from 01/08/2022)|||
||||Mr J Gray||||||
||||Mrs BEyers, Vice Chairman||||(from 01/08/2022)||
||||Mr K Jordan (resigned 26 June 2023)||||||
||||Mrs J Owens||||||
||||Rev D Lang||||||
||||Mr C Daines||||||
||||Mr D Willis||||||
||||Mr BTaylor (appointed||27 February 2023)||||
||||Mrs E Shields|(appointed||26|June 2023)||
|Company|registered||||||||
|number|||1048360||||||
|Charity registered|||||||||
|number|||263954||||||
|Registered||office|Mistley Hall||||||
||||Clacton Road||||||
||||Essex||||||
||||CO11 2NJ||||||
|Company|secretary||Carly Cridland||||||
|Chief executive officer|||Michelle Cook||||||
|Independent||auditors|Griffin Chapman||||||
||||4 &5 The Cedars||||||
||||Apex 12||||||
||||Old Ipswich Road||||||
||||Colchester||||||
||||Essex||||||
||||CO7 7QR||||||
|Bankers|||Lloyds Bank||||||
||||27 High Street||||||
||||Colchester||||||
||||CO1 1DU||||||
|Solicitors|||Ellisons||||||
||||Headgate
Court||||||
||||Colchester||||||
||||Essex||||||
||||CO1 1NP||||||
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|Key management|personnel:|||
|---|---|---|---|
|M Cook|Chief Executive|||
|C Cridland|Company Secretary|||
|G Balls|Operations
Manager|||
|TCox|Registered
Manager with special responsibility||for care service|
|SGunn|Finance Manager|||
|M Sear|HR Manager
(01/04/2022)|||
|A Stutter|Facilities Manager (30/06/2022)|||
|K Buxton|Communications
& Income Generation|Manager (22/08/2022)||
|TSage|Business Services Manager (Resigned|09/09/2022)||
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||||||||As restated|
|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|
||||Note|2023
f|2023|2023
6|2022f|
|Income from:||||||||
|Donations
and legacies||||60,403|34,172|94,575|71,177|
|Charitable
activities:||||||||
|Acorn Village Community||||4,033,108||4,033,108|3,658,352|
|GovernmentGrants||||121,243||121,243|393,697|
|Other trading
activities|||||113,119|113,119|90,479|
|Investment
Income|||||30,645|30,645|25,250|
|Total income||||4,214,754|177,936|4,392,690|4,238,955|
|Expenditure
on:||||||||
|Raising funds|||||96,103|96,103|58,587|
|Charitable
activities||||4,367,736|74,180|4,441,916|4,313,307|
|Total expenditure||||4,367,736|170,283|4,538,019|4,371,894|
|Net (expenditure)/income||before net||||||
|(losses)/gains
on|investments|||(152,982)|7,653|(145,329)|(132,939)|
|Net (losses)/gains|on investments||||(36,143)|(36,143)|30,974|
|Net expenditure||||(152,982)|(28,490)|(181,472)|(101,965)|
|Transfers
between|funds||20|339,623|(339,623)|||
|Net movement
in|funds|||186,641|(368,113)|(181,472)|(101,965)|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward|||1,580,728|3,293,615|4,874,343|4,976,308|
|Net movement
in funds||||186,641|(368,113)|(181,472)|(101,965)|
|Total funds carried forward||||1,767,369|2,925,502|4,692,871|4,874,343|
##
##
|||||||||As restated|
|---|---|---|---|---|---|---|---|---|
|||||Note||2023
F||2022f|
|Fixed assets|||||||||
|Tangible assets||||13||3,265,647||3,304,561|
|Investments||||14||861,477||897,620|
|||||||4,127,124||4,202,181|
|Current assets|||||||||
|Stocks||||15|9,333||9,565||
|Debtors||||16|148,967||194,799||
|Cash at bank and|in hand||||796,086||809,386||
||||||954,386||1,013,750||
|Creditors: amounts|falling||due within one||||||
|year||||17|(388,639)||(341,588)||
|Net current assets||||||565,747||672,162|
|Total assets less|current||liabilities|||4,692,871||4,874,343|
|Net assets excluding||pension asset||||4,692,871||4,874,343|
|Total net assets||||||4,692,871||4,874,343|
|Charity funds|||||||||
|Restricted
funds||||20||1,767,369||1,580,728|
|Unrestricted
funds||||20||2,925,502||3,293,615|
|Total funds||||||4,692,871||4,874,343|
##
||||CHARITY BALANCE SHEET|CHARITY BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS AT 31|MARCH 2023||||
||||Note||2023
F||2022f|
|Fixed assets||||||||
|Tangible assets|||13||3,265,176||3,303,986|
|Investments|||14||861,477||897,621|
||||||4,126,653||4,201,607|
|Current assets||||||||
|Stocks|||15|8,410||8,245||
|Debtors|||16|232,946||265,072||
|Cash at bank and|in hand|||712,007||740,434||
|||||953,363||1,013,751||
|Creditors: amounts|falling due within one|||||||
|year|||17|(387,149)||(341,019)||
|Net current assets|||||566,214||672,732|
|Total assets less|current liabilities||||4,692,867||4,874,339|
|Net assets excluding||pension asset|||4,692,867||4,874,339|
|Total net assets|||||4,692,867||4,874,339|
|Charity funds||||||||
|Restricted funds|||20||1,169,047||1,580,728|
|Unrestricted
funds|||20||3,523,820||3,293,611|
|Total funds|||||4,692,867||4,874,339|
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|||||||Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2023|2023|2022f|
|Income|from|charitable|activities|—Acorn Village|Community|4,033,108|4,033,108|3,658,352|
|Income|from|charitable|activities|- Government|Grants|121,243|121,243|393,697|
|||||||4, 154,351|4,154,351|4,052,049|
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023
6|2022f|
|Fundraising|activities|||1,206|1,206|6,655|
|Income from non charitable||trading|activities||||
|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
|||||||8|||
|Trading|income|- Acorn|Village|(Trading)|Limited|55,798|55,798|56,708|
|Trading|income|- Acorn|Village|(Acorns)|Limited|56,115|56,115|27,116|
|||||||111,913|111,913|83,824|
##
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##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023
5|2022f|
|Investment|income - dividends|receivable|from listed fixed||||
|asset investments||||30,645|30,645|25,250|
##
##
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023
6|2023f|2022|
|Direct Fund Raising Expenses|||62|62|2,118|
|Support|Fund Raising Expenses||3,961|3,961|3,988|
|Governance
Costs|||2,962|2,962|3,076|
|Costs of|raising voluntary|income - wages and salaries|61,187|61,187|35,129|
||||68,172|68,172|44,311|
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023
6|2023
F|2022f|
|Trading expenses|—Acorn Village (Acorns) Limited|||3,915|3,915|2,331|
|Trading expenses|- Acorn Village (Trading)||Limited|23,911|23,911|11,818|
|Acorn Village (Trading)||I imited - depreciation||105|105|127|
|||||27,931|27,931|14,276|
##
##
##
||||Acorn|||
|---|---|---|---|---|---|
||||Village|Total|Total|
|||Community||funds|funds|
||||2023
6|2023f|2022f|
|Acorn Village Community|||4,441,916|4,441,916|4,309,282|
|Other Restricted|||||4,025|
||||4,441,916|4,441,916|4,313,307|
|Auditors'|remuneration|||||
|||||2023f|2022f|
|Fees payable to the Charity's||auditor for the audit ofthe Charity's|annual|||
|accounts||||11,700|11,748|
##
##
|Staff co|sts||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023|2022f|2023f|2022f|
|Wages and salaries|||3,483,847|3,359,560|3,483,847|3,369,560|
|Social security costs|||273,288|248,124|273,288|248,124|
|Operating|costs ofdefined|contribution|||||
|pension|schemes||66,162|63,118|66,162|63,118|
||||3,823,297|3,680,802|3,823,297|3,680,802|
##
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||No.|No.|No.|No.|
|Administration|and Management||Staff|19|17|19|17|
|Care Staff||||144|141|144|141|
|Training
Staff||||3|3|3|3|
|Maintenance|Staff|||5|9|5|9|
|Educational|Therapeutic|Services|Staff|8|8|8|8|
|Coffee Shop||||3|4|3|4|
|||||182|182|182|182|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
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##
||Freehold|Soft|Motor|Fixtures and||
|---|---|---|---|---|---|
||property
F|furnishings
6|vehicles
E|fittings
6|Total|
|Cost or valuation||||||
|At 1 April 2022|4,890,421|51,279|109,365|499,802|5,550,867|
|Additions|41,364|1,018||35,790|78,172|
|Disposals||||(3,226)|(3,226)|
|At 31 March 2023|4,931,785|52,297|109,365|532,366|5,625,813|
|Depreciation||||||
|At 1 April 2022|1,743,422||73,337|429,546|2,246,305|
|Charge for the year|81,220||9,008|26,468|116,696|
|On disposals||||(2,835)|(2,835)|
|At 31 March 2023|1,824,642||82,345|453,179|2,360,166|
|Net book value||||||
|At 31 March 2023|3,107,143|52,297|27,020|79,187|3,265,647|
|At 31March 2022|3,145,999|51,279|36,028|70,256|3,304,562|
|Charity||||||
||Freehold|Plant and|Motor|Fixtures and||
|---|---|---|---|---|---|
||property|machinery|vehicles|fittings|Total|
||||6|||
|Cost or valuation||||||
|At 1 April 2022|4,890,421|51,279|109,365|498,099|5,549,164|
|Additions|41,364|1,018||35,790|78,172|
|Disposals||||(3,226)|(3,226)|
|At 31 March 2023|4,931,785|52,297|109,365|530,663|5,624,110|
##
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##
|Charity (continued)||||||
|---|---|---|---|---|---|
||Freehold|Plant and|Motor|Fixtures and||
||property|machinery|vehicles|fittings|Total|
||F|6|8|6||
|Depreciation||||||
|At 1 April 2022|1,743,422||73,337|428,419|2,245,178|
|Charge for the year|81,220||9,008|26,363|116,591|
|On disposals||||(2,835)|(2,835)|
|At 31 March 2023|1,824,642||82,345|451,947|2,358,934|
|Net book value||||||
|At 31 March 2023|3,107,143|52,297|27,020|78,716|3,265,176|
|At 31March 2022|3,146,999|51,279|36,028|69,680|3,303,986|
##
||Listed|
|---|---|
||investments|
|Group|6|
|Cost or valuation||
|At 1 April 2022|897,620|
|Revaluations|(36,143)|
|At 31 March 2023|861,477|
|Net book value||
|At 31 March 2023|861,477|
|At 31March 2022|897,620|
##
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##
||Listed|
|---|---|
|Charity|investmentsf|
|Cost or valuation||
|At 1 April 2022|897,620|
|Revaluations|(36,143)|
|At 31 March 2023|861,477|
|Net book value||
|At 31 March 2023|861,477|
|At 31March 2022|897,620|
##
||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2023
F|2022f|2023
f.|2022f|
|Stock|of|materials|and|consumables|9,333|9,555|8,410|8,245|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023f|2022f|2023|2022f|
|Due within one year||||||
|Trade debtors||77,130|64,717|77„130|64,717|
|Other debtors||6,066|73,412|90,045|143,685|
|Prepayments|and accrued income|65,771|56,570|65,771|56,670|
|||148,967|194,799|232,946|265,072|
##
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##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023f|2022f|2023f|2022f|
|Trade creditors||||91,039|21,151|89,550|20,578|
|Other taxation|and social||security|82,344|91,290|82,344|91,290|
|Other creditors||||179,722|168,201|179,721|168,205|
|Accruals
and deferred||income||35,534|60,946|35,534|60,946|
|||||388,639|341,588|387,149|341,019|
|Financial instruments||||||||
|||||Group|Group|Charity|Charity|
|||||2023f|2022f|2023|2022f|
|Financial assets||||||||
|Financial assets measured|||at fair value|||||
|through
income|and expenditure|||796,086|809,385|712,007|740,434|
##
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##
||As Restated|As Restated||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||Balance at 1|||||Transfers|Gains/|31 March|
||April|2022
F|Income
8|Expenditure|f|in/out|(Losses)f|2023
F|
|Unrestricted|||||||||
|funds|||||||||
|General
Funds|||||||||
|all funds|3,293,611||177,936|(170,283)||(339,623)|(36,143)|2,925,498|
|Trading|||||||||
|subsidiaries|||||||||
||3,293,615||177,936|(170,283)||(339,623)|(36,143)|2,925,502|
|Restricted|||||||||
|funds|||||||||
|Acorn Village|||||||||
|Community|||4,154,351|(4,320,419)||298,845||132,777|
|Capital
Fund||998||||||998|
|Freehold|||||||||
|Property|1,539,026|||(30,555)||40,778||1,549,249|
|Fixtures,
Fittings|||||||||
|and Equipment|6,476||3,358|(3,093)||||6,741|
|Sundry Tools|||||||||
|and Soft|||||||||
|Furnishings||200||||||200|
|Motor Vehicles||956||(246)||||710|
|Wellbelng
Pod|26,843|||||||26,843|
|National|||||||||
|Heritage
Lottery|||||||||
|Fund|||50,000|(8,372)||||41,628|
|Various other|||||||||
|restricted
funds|6,229||7,045|(5,051)||||8,223|
||1,580,728||4,214,754|(4,367,736)||339,623||1,767,369|
|Total offunds|4874,343||4,392,690|(4,538,019)|||(36,143)|4,692,871|
##
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|Statement offu|nds
-prior year|(continued)||||||
|---|---|---|---|---|---|---|---|
||As Restated||||||Balance at|
||Balance at||||Transfers|Gainer|31March|
||1 April 2021f|Income
f|Expenditure|f|infoutf|(Losses)f|2022f|
|Sundry Tools||||||||
|and Soft||||||||
|Furnishing|2,821|5,814|||(2,159)||6,476|
|Sundry Tools||||||||
|and Soft||||||||
|Furnishings|200||||||200|
|Motor Vehicles|1,284||||(328)||956|
|Strover Centre|29,577||||(29,577)|||
|Wellbeing
Pod|||||26,843||26,843|
|Mistley Wood||||||||
|Bathroom|500||||(500)|||
|Various Other||||||||
|Purposes|7,119|4,685|(5,575)||||6,229|
||1,515,672|4,056,735|(4,314,858)||323,179||1,580,728|
|Total offunds|4,976,307|4,238,956|(4,371,894)|||30,974|4,874,343|
##
|Summary
offun|ds
-current yea|r|||||
|---|---|---|---|---|---|---|
||As Restated|||||Balance at|
||Balance at 1|||Transfers|Gains/|31 March|
||Apnl 2022|Income|Expenditure|in/out|(Losses)|2023|
|||6|6||6||
|General funds|3,293,615|177,936|(170,283)|(339,623)|(36,143)|2,925,502|
|Restricted funds|1,580,728|4,214,754|(4,367,736)|339,623||1,767,369|
||4,874,343|4,392,690|(4,538,019)||(36,143)|4,692,871|
##
##
|Summary
offund|s
-prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gainer|31March|
||1April 2021|Income
f|Expenditure
f|in/outf|(Losses)f|2022f|
|General funds|3,460,635|182,221|(57,036)|(323,179)|30,974|3,293,615|
|Restricted funds|1,515,672|4,056,735|(4,314,858)|323,179||1,580,728|
||4,976,307|4,238,956|(4,371,894)||30,974|4,874,343|
|Analysis ofnet assets between funds
-curre|nt year|||
|---|---|---|---|
||Restricted|Unrestricted|Tots I|
||funds|funds|funds|
||2023|2023|2023|
||6|F|6|
|Tangible fixed assets|1,531,151|1,734,496|3,265,647|
|Fixed asset investments||861,477|661,477|
|Current assets|624,857|329,529|954,386|
|Creditors due within one year|(386,639)||(388,639)|
|Total|1,767,369|2,925,502|4,692,871|
##
##
##
##
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023f|2022f|
|Net expenditure
for|the year (as per Statement of Financial|||Activities)|(181,472)|(101,965)|
|Adjustments
for:|||||||
|Depreciation
charges|||||116,696|111,312|
|Gains/(losses)
on investments|||||36,143|(30,974)|
|Dividends,
interests|and rents|from investments|||(30,645)|(25,250)|
|Loss on the sale of|fixed assets||||391||
|Decrease/(increase)|in stocks||||232|(398)|
|Decrease/(increase)|in debtors||||46,560|(49,591)|
|Increase
in creditors|||||46,322|62,476|
|Net cash provided|by/(used|in) operating|activities||34,227|(34,390)|
##
|||Group|Group|
|---|---|---|---|
|||2023|2022f|
|Cash|in hand|3,854|6,224|
|Deposit accounts||584,264|712,481|
|Bank|current accounts|207,968|90,681|
|Total|cash and cash equivalents|796,086|809,386|
##
|||||||At 1 April||At 31 March|
|---|---|---|---|---|---|---|---|---|
|||||||2022|Cash flows
f|2023
6|
|Cash|at|bank|and|in|hand|809,385|(13,299)|796,086|
|||||||809,385|(13,299)|796,086|
##
##
##
##
##
|under non-|can|cellable
operating
leases as follow|s:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023f|2022f|2023
5|2022
6|
|Not later than||1 year|1,529|1,476||1,476|
|Later than|1 year and not later than 5years||5,733||||
||||7,262|1,476||1,476|
##
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##
|Names||||Company|Registered office or|Registered office or|principal|Principal
activity|
|---|---|---|---|---|---|---|---|---|
|||||number|place ofbusiness||||
|Acorn|Village|(Trading)|Limited|02978015|Acorn Village,|Mistley|Hall,|The trading
subsidiary|
||||||Clacton Road,|Mistley,||operates the Coffee|
||||||Manningtree.|CO11 2NJ||Shop at Acorn Village|
|Acorn|Village|(Acorns)|Limited|06242791|Acorn Village,|Mistley|Hall,|The trading
subsidiary|
||||||Clacton Road,|Mistley,||opeates the charity|
||||||Manningtree.|CO11 2NJ||shops
in Manningtree|
|||||||||and at Acorn Village|
|Names||||Income|Expenditure|Profitl(Loss)|
|---|---|---|---|---|---|---|
|||||6|6|ISurplus/|
|||||||(Deficit) for|
|||||||the year|
|Acorn|Village|(Trading)|Limited|55,798|4,020|51,883|
|Acorn|Village|(Acorns)|Limited|56,115|23,912|32,203|