##
|Reference and Administrative|Information||
|---|---|---|
|Trustees' Report||2 —8|
|Auditor's
Report||9-14|
|Consolidated
Statements
of|Financial Activities|15|
|Consolidated
Balance Sheet||16|
|Consolidated
Cash Flow Statement||17|
|Notes to the Financial Statements||18-27|
##
|Reference and administrative
information|Reference and administrative
information|Reference and administrative
information|Reference and administrative
information|Reference and administrative
information||||
|---|---|---|---|---|---|---|---|
|Company|number|01285858||||||
|Charity number||272905||||||
|Registered|office|1a Melville Avenue, South Croydon, Surrey,||||CR2|7HZ|
|Trustees||Trustees, who are||also directors under company|||law, who served during the|
|||year and up to the date ofthis report were||||as follows:||
|||F Newton||Chairman||||
|||I Trumper||Treasurer||||
|||R Bateman||||||
|||J Sanders||||||
|||G Merdick||||||
|||K Minear||||||
|||M Thapar||(Resigned September||2023)||
|||R Oakes||||||
|Company|secretary|VSandlan||||||
|Key management||R White||Chief Executive Officer||||
|personnel||S Bance||Head ofRutherford|School|||
|||K Mechergui||Manager of Bramley||Hill Day Centre||
|||Y Gordon||Manager ofJean Garwood|||House Care Home|
|||LSkelton||HR Manager||||
|||VSandlan||Finance Manager||||
|Bankers||HSBC, 9Wellesley||Road, Croydon,
CR9 2AA||||
|||Barclays, 1North||End, Croydon,
CR9 1RN||||
|Auditor||Bryden Johnson|Limited, 1-4 Kings Parade,|||||
|||Lower Coombe Street, Croydon,
CRO 1AA||||||
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||||||Unrestricted|Designated|Restricted|Total|Notes||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Funds||2022|
|Income
lk Endowments|from:||||||||||
|Grants, Donations|&Legaoes||||54,425||31,866|86,291||227,749|
|Facilities and shop|income||||311,785|||311,785||329,445|
|Investments:
interest,
dividends,||||rents|16,326|||16,326||20,448|
|Income from charitable||activities|||2,654,265|||2,654,265||2,305,172|
|Total|||||3,036,801||31,866|3,068,667||2,882,814|
|Expenditure
on:|||||||||||
|Raising Funds|||||184,012|5,580||189,592|10|204,387|
|Charitable
activities|||||2,598,056||53,655|2,651,711|11|2,693,785|
|Total|||||2,782,068|5,580|53,655|2,841,303||2,898,172|
|Net Income/(Expenditure)|before gains and losses||||254,733|(5,580)|(21,789)|227,364||(15,358)|
|on investment
assets|||||||||||
|Gain/(Loss)
on investment
assets;|||||||||||
|Realised Gain/(Loss)
/|||||||||||
|Unrealised
Gain/(Loss)|||||3,006|||3,006|4|77,135|
|Total|||||3,006|||3,006||77,135|
|Net Income/(Expenditure)|||||257,739|(5,580)|(21,789)|230,370||61,777|
|Transfers|||||||||||
|Gross transfers
between||funds|||35,990|98,626|(134,616)||||
|Net incoming resources||before other|||||||||
|recognised
gains and losses|||||293,729|93,046|(156,405)|230,370||61,777|
|Net movement|||in funds||293,729|93,046|(156,405)|230,370||61,777|
|Reconciliation
of Funds|||||||||||
|Total funds brought|forward||||3,706,642|122,737|264,585|4,093,964||4,032,187|
|Total|Funds carried|||forward|4,000,371|215,783|108,180|4,324,334||4,093,964|
##
||||||||Group||Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|2023|2022|
|||||||Notes|Total|Prior year|Total|Prior year|
||||||||Funds|total funds|Funds|total funds|
||||||||E|E|E|E|
|Fixed Assets|||||||||||
|Tangible|assets||||||2,950,599|2,922,056|2,950,599|2,922,056|
|Investments|||||||918,313|915,307|918,315|915,309|
||Total Fixed Assets||||||3,868,912|3,837,363|3,868,914|3,837,365|
|Current Assets|||||||||||
|Debtors||||||5|576,433|149,088|704,365|327,558|
|Cash at|bank and in hand||||||599,642|668,520|467,288|485,748|
||Total Current Assets||||||1,176,075|817,6DB|1,171,653|813,306|
|Liabilities:|||||||||||
|Creditors|falling due within|1|year|||6|72D,652|561,0D7|716,233|556,707|
||Net Current Assets||||||455,422|256,601|455,420|256,599|
||Total assets less current|||liabilities|||4,324,334|4,093,964|4,324,334|4,093,964|
||Net Assets Includmg||Pension||Liability||4,324,334|4,093,964|4,324,334|4,093,964|
|Funds ofthe Foundation|||||||||||
|Unrestricted
Income Funds||||||15|4,000,371|3,706,642|4,000,371|3,706,642|
|Designated
Income Funds||||||15|215,783|122,737|215,783|122,737|
|Restricted Income Funds||||||15|108,180|264,585|108,180|264,585|
|Total Foundation
Funds|||||||4,324,334|4,093,964|4,324,334|4,093,964|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E|6|
|Net Cash Used in operating|activities (note||20)|6,647|128,753|
|Cash Flows from investing|activities|||||
|Investment
income||||16,326|20,448|
|Proceeds from disposal of|Fixed|Assets||14,500||
|Purchase of Fixed Assets||||(106,351)|(96,109)|
|Cash Provided
by (used in) investing activities||||(75.525)|(75,661)|
|Increase (decrease) in cash and||cash equivalents||||
|end ofthe period||||(68,878)|53,092|
|Cash and cash equivalents|atthe|beginning|ofthe period|668,520|615,428|
|Total cash and cash equivalents||at the end|ofthe period|599642|668,520|
|Held as:||||||
|Cash at bank and in hand||||599,642|668,520|
|Total cash and cash equivalents||atthe end|ofthe period|599,642|668,520|
##
##
##
##
||E287were paid to 2 trustees
m the year (20|2?E331).|No director h|as any be|neficial in|terest
in any cont|ract
w th the F|oundation||
|---|---|---|---|---|---|---|---|---|---|
|3|TANGIBLE ASSETS-GROUP AND CHARITY|||||||||
||||Freehold|Property|Unde|Leasehold|Motor|Plant and|Total|
||||Property|Construction||Property|Vehicles|Equipment||
|||||||Rongl||||
|||||||E|6|E||
||COST|||||||||
||At 1September 2022||2,632,737||83,187|583,649|323,301|623,401|4,246,275|
||Additions
in year||||97,708|||8,643|106,351|
||Disposals
m year||||||I84,309)||(84,309)|
||At 31August 2023||2,632,737|180895||583649|238992|632 044|4 268 317|
||DEPRECIATION|||||||||
||At 1September 2022||40,660|||464,493|285,341|533.725|1,324,219|
||Charge for the year|||||22,385|16,123|27,575|66,083|
||Dispo sale
in year||||||(72,584)||(72,584)|
||At 31August 2023||40 660|||486,878|228,88D|561.3DO|1317718|
||NET BOOK VALUE|||||||||
||At 31August 2023||2,592,077|18D,fl95||96.771|10.112|70.744|2.950.599|
||At 31August 2022||2 592077||83187|119156|37,960|89676|2922,056|
||AR ofthe abave assets are used for chantable|purposes.||||||||
|The Property
Under Construction|The Property
Under Construction||represents|represents|the capitatised|costs relating to the "Capital Prelect", as referred|costs relating to the "Capital Prelect", as referred|costs relating to the "Capital Prelect", as referred|to in the Trustees Report,|to in the Trustees Report,|to in the Trustees Report,||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|As at the balance sheet date, the|||capitalis|d|costs were professional||fees that had b en incurred|m the design|ofthe building|and|in submitting||
|planmng
applications to the Local|||Authonty||||||||||
|INVESTMENTS|||||||||||||
|||||||||||2023||2022|
|||||||||||E||E|
|Quoted mvestments:|||||||||||||
|Mid market value I September||Z022/ 2021||||||||315,307||338,172|
|Investments
additions|||||||||||||
|I vestments
disposals|||||||||||||
|Realised gam on investments|sold||||||||||||
|Un res l is ed ga in / (loss)||||||||||3,006||(22,865)|
|Mid market vain
31 August|2023/2022|||||||||318,313||315,307|
|Investment
property:|||||||||||||
|Market value 1September|20ZZ|/|2021|||||||600,00D||500,DOO|
|Unrealised
gain||||||||||||10D,000|
|Market value 31August 2023/ 2022||||||||||600,000||600,000|
|Total
I vestments||||||||||918|313|915,307|
##
##
##
|5|DEBTORS|||||||||Group|Charity||Group|Chanty|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2D23||2022|2022|
|||||||||||1|6||E|E|
||School Sees in|respect ol||Autumn|||Term 2D23 and other charitable||fees receivable|519,59D|519,590||63,031|63,031|
||Other debters|and prepayments||||||||56843|184775||86057|264 527|
|||||||||||576433|704 365||149088|327 558|
|6|CREDITORS (due within|||one|year/|||||Group|Chanty||Group|Charity|
|||||||||||2023|2023||2022|2022|
|||||||||||E|E||E|1|
||Tax and social|secunty credaors||||||||45,123|45,123||38,075|38,075|
||Deferred Income|||||||||605,692|605,692||446,723|446,723|
||Dther creditors &accruals|||||||||69837|65418||76209|71909|
|||||||||||720,652|716233||5610D7|556 707|
||Deferred income represents||||cash||received ordebtors|recognised|in respect ofchantable|activities to be|undertaken|in|future periods.||
|7|INCOME FROM GRANTS,|||DONATIONS & LEGACIES||||||Unrestncted|Restricterl||2023|2D22|
|||||||||||Funds|Funds||Tote I|Total|
|||||||||||6|6||E|E|
||Donations
Ik legacies|||||||||54,425|31,866||86,291|81,122|
||Grants|||||||||||||146.627|
|||||||||||54,425|31,ft66|||227 749|
||Included
within|individual||dona||tions is an amount of||E24 630(2022:Elo lnl6) in respect||of legs pcs|||||
|8|OTHER TRADING ACTIVITIES|||||||||Unrestncted|Restncted||2023|2022|
|||||||||||Funds|Funds||Total|Total|
|||||||||||E|E||E|E|
||Hire of Facglties|||||||||101,447|||101,447|125,080|
||5ales Receipts|Subsidiary||Company|||(Charity Shops)|||210 338|||210338|204365|
|||||||||||311785|||311.785|329445|
|9|INCOME FROM CHARITABLE||||ACTIVITIES||||||||||
|||||||||||Unrestricted|Restricted||2023|2022|
|||||||||||Funds|Funds||Total|Total|
|||||||||||1|E||E|1|
||Bramley
Hill Centre|||||||||415,118|||415,118|390,026|
||lean Garwood|House||||||||643,720|||643,720|536,237|
||Rutherford
School|||||||||1595427|||1595427|1378909|
|||||||||||2 654 265|||2 654 265|23D5 172|
|10|COSTS OF RAISING FUNDS|||||||||Unrestricted|Restricted||2023|2022|
|||||||||||Funds|Funds||Total|Total|
|||||||||||E|1||3|E|
||Direct staff and|administration||||ofchanty shops||||164,01.2|||164,012|154,165|
||Direct staff and|administration||||casts ofAppeals Department||||20,000|||20,00D|24,706|
||Outsourced
fundraising||(capital|||project)||||5580|||5 58D|25516|
|||||||||||189592|||189592|204387|
|11|ERFENDITUREoN cHARITABLE|||||AcTIYITIEs (including||aBocatlon|ofsupport costs(||||||
|||||||||||Unrestncted|Restricted||2023|2022|
|||||||||||Funds|Funds||Total|Total|
|||||||||||E|E|||E|
||Bramley
Hill Centre|||||||||427,045|25,278||452,323|452,608|
||lean Garwood|House||||||||680,480|||680,480|632,899|
||Rutherford
School|||||||||1.490.531|28 377||1,518,9IN|L,MIL273|
|||||||||||2.398.056|53,655||2,651.711|2;SM785|
|||||||NOTES TO THE CONSOLIDATED|NOTES TO THE CONSOLIDATED|NOTES TO THE CONSOLIDATED|NOTES TO THE CONSOLIDATED|NOTES TO THE CONSOLIDATED|NOTES TO THE CONSOLIDATED|NOTES TO THE CONSOLIDATED|FINANCIAL STATEMENTS (continued)|FINANCIAL STATEMENTS (continued)|FINANCIAL STATEMENTS (continued)|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Forthe year ended 31stAugust 2023|||||||||||
|12|SUPPORT COSTS (Included||||In Note 11)|||||||||||||||||
||||||||||||||||lean|||||||
|||||||||||||||Bramley
Hill|Garwood|||Rutherford||||
|||||||||||||||Centre|House|||School|||Tote I|
||||||||||||||||||||||2023|
|||||||||||||||5||8||5|||8|
||Administration|||Staff Costs||||||||||51,673||51,673||51,673|||155,019|
||Information||Technology|||||||||||1,108||1,108||1,108|||3,325|
||6overnance||Costs|||||||||||4,078||4,078||4,D78|||12,234|
||Caravan|Depreciation
& Expenses||||||||||||(1,000)||IR000)||(1,DOO)|||f3,0IXI)|
||Other costs|||||||||||||857||857|||II57||2 $71|
||Total Support|||Costs for the year ended 31stAugust 2023:||||||||||56716||56716||56|716||1/0.149|
||TotalSupport|||Costs for the penod ended||31st||August|2022:|||||$7333||$7333||57|333||171999|
||Support|costs||are allocated|to operating
units|||in equal||proportions.||||||||||||
|13|STAFF COST$|||||||||||||||||||||
|||||||||||||||Group|Charity|||Group||Charity||
||These costs are included
in 'Costs of raising||||||funds" and|||||||2023|2023|||2022|||2022|
||"Expenditure|||on chantable|activities" and|consist of.||||||||8||8||8||||
||||||Sa lanes and wages|||||||||1,799,606|1,717,381|||1,702,780|||1,625,864|
||||||Social security|costs||||||||153,690||149,342||144,52$|||139,244|
||||||Pension costs|||||||||46,231||44,539||47,012|||45,379|
|||||||||||||||1999527|1|911262||1394317|||1,810,487|
||During|the year one employee
recewed a||||settlement|||payment.|||The total|«oat was 17,568.Further, two||employees||received redundancy|||payments||
||relating|to the||closure of one shop, totalling|||17,266|||||||||||||||
||Included|in sa||lanes
and pension costs above are employee|||||||and|employer|contdibutions|he spa ctw el y) to|the dahn
ed contribution|||||||
||pension|schemes refer ed|||to in Acmunting||Policies (Note||||li).|||||||||||
|||||||||||||||6roup|Chanty|||Group||Chanty||
||The estimated|||average number ofemployees:||||||||||2023|2023|||2022|||2022|
|||||||||||||||Number|Number|||Number||Number||
||||||Direct charitable||activities|||||||66||66||64|||64|
||||||Direct staff and administration||||||of charity shops|||5||||5||||
||||||Manageme
t and administration|||||||||6||||9||||
||||||Appeals|||||||||1||||1||||
|||||||||||||||78||73||79|||74|
||Two members|||ofstaff received emoluments,|||including|||benefits||in kind and pensi on contnbutions,
in the|||range|E70|000|to 8800(0per||annum|(2022:|
||two members|||ofstaff received emoluments|||in|the range E60000to170000).||||||||||||||
##
|14|NET INCOME / EXPENDITURE FOR THE YEAR|NET INCOME / EXPENDITURE FOR THE YEAR|||2023|2022|
|---|---|---|---|---|---|---|
||||||4|8|
||This is stated
after charging the fo0owing||||||
||Depreciation||||66,083|75,598|
||Operating
lease payments|recognised
as an expense|||37,428|34,583|
||Auditors
Remuneration
-|audit ofthese financial statements|||9,840|6,500|
||Auditors
Remuneration|other services (audit ofsubsidiary,|mterim accounts, advismg|generagy)|2 394|3,458|
##
|||||||||||Balance||Movement|in|resources|resources||||Balance|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||02-Sep-M||Incoming||Outgoi
g||Transfers|||31-Aug-23|
|||||||||||6||1|||6|E|||E|
|||||||||||3,706,642||3039807||(2 782 068)||35,990|||4000.371|
|||||||||||122737|||||(5580)|98,626|||215783|
|Funds||||||||||||||||||||
|RS Donations|& Legspcs|||||||||20,919||2,958|||(23,877)|||||
|IGH Donations
&Legacies||||||||||||||||||||
|BH Donations|!LLegacies|||||||||4,55D||23,908|||(25,278)||||3,180|
|ITAdmin
Expenditure||||||||||4,50D|||||(4,5DD)|||||
|Hydrotherapy|Poo|I (Cap ilal Prol em)||||||||198,626||S,DOO||||(98,626)|||105,0DO|
|Minibus
Fund||||||||||35,990||||||(35,990)||||
|||||||||||264585||M 866|||5&655)|()34.616)|||109.180|
|Tote I||||||||||4093964||3071673|||2 841,303||||4 444,334|
|Comparative|mavements||in funds.|||||||||||||||||
|||||||||||Balance||Movement|in resources:||||||Bala ce|
||||||||||01-Sep-21|||In«ommg||Outgomg||Transfers|||31-Aug-22|
|||||||||||E||E|||E|6|||E|
|Unrestncted|Funds|||||||||3,720,232||2,755,327||(2,727,664)||(42,253)|||3,706,642|
|Designated
Funds||||||||||107,000|||||i25,516)|41,253|||122,737|
|Restricted
Funds||||||||||204,955||204 622|||(144 992)||||264,585|
|Total||||||||||4,032.1SY||2,959,949||(2,898A72)|||||I.093,964|
|Description of Designated|||and Restricted||Funds|||||||||||||||
|||||Unrestricted|||funds designated||||for the Capital||Project. The balance compnses|||||a E148,253||
|Designated
Fund||||I|egary received||||in a previous||account
mg pened|||less|631096expenditure
mcorred todate.|||||
|||||Additionally,||||unrestricted
do|||ations ofE98626|||received in a previous year|||have||been|
|||||t|ansferred||to the designated||||fund.|||||||||
|RS Donations|&Legacies:|||Donations||and legaoes restncted||||||for the benefit||of|Itutherford|School.||||
|IGH Do ations & Legacies:||||Donations||and legapes restncted||||||fo the benefit||of|lean Garwood House.|||||
|BH Donations|& L|gacies.||Donations||and legau
s estrkted||||||for the benefit||of|Braml
y HEI.|||||
|IT Admin Expenditure:||||Donations||restricted to cover|||||costs of IT
ape nditure|||||||||
|~ydroth
crap y|Pool|(Capital Protect)||Donations||received restncted|||||to|cover costs|of construrtion
of|||the Hydrotherapy|||Poof (pak|
|||||olthe
'Capital Project")||||||||||||||||
|Minibus
Fund||||Donations||and legacies rest icted for the purchase ofminibuses||||||||||Amaunts|received have|||
|||||been fully utili||||sad||far the pu|chase of minibu||see in previous periods and therefore the fund|||||||
|||||balance has|||bee|||transferred|to|unrestncted|funds.|||||||
##
|ANALYSIS OF|NET ASSET5 B|ETWEEN FUNDS AS AT32|ETWEEN FUNDS AS AT32|AUGUST 2023|||||
|---|---|---|---|---|---|---|---|---|
|||Tangible
Fix d Assets||Investments|Debtors|Cash|Creditors|Net Assets|
|Unrestncled|||2,845,599|918,313|576,433|380,679|(720,652)|4,000,371|
|Designated||||||215,783||215,783|
|BH Donations|&Legaoes|||||3,180||3,180|
|Hydrotherapy|Pool (Capital|Project)|LDVIBD|||||SOIS,000|
|Total|||2,950,599|91tL,313|576,433|599642|(720,651|4.324.334|
|Comparative|analysis of net|assets between|funds as at 31August 2022||||||
|||Tangible
Fixed Assets||Investments|Debtors|Cash|Creditors|Nel Assets|
||||1|E|||||
|Unrestncted|||2,781,960|792,570|149,088|544,031|(561,007)|3,706,642|
|Dengnated||||122,737||||122,737|
|RS Donations|IL Legades||20,919|||||20,919|
|BH Donations|A Legaoes|||||4,550||4,550|
|IT Admin Expenditor||||||4,500||4,500|
|Hydrotherapy|Pool (Capital|Prolect)|83,187|||115,439||198,626|
|Mmibus
Fund|||35990|||||3S990|
|Total|||2,922,056|915.307|149.088|668.520|i561,007(|4,0939M|
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Designated|Restricted|Total||
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|2022|
|Income &Endowments
from:||||||||
|Grants, Donations
&Legacies|||54,425||31,866|86,291|227,749|
|Donation from Trading Subsidiary|||46,326|||46,326|50,203|
|Other Trading Activities|||101,447|||101,447|125,080|
|Investments.
interest, dividends, rents|||16,326|||16,326|20,445|
|Income from charitable|activities||2,654,265|||2,654,265|2,305,172|
|Total|||2,872,789||31,866|2,904,655|2,728,649|
|Expenditure
on:||||||||
|Raising Funds|||20,000|5,580||25,580|50,222|
|Charitable
activities|||2,598,056||53,655|2,651,711|2,693,785|
|Total|||2,618,056|5,580|53,655|2,677,291|2,744,007|
|Net income/(Expenditurel
before gains and losses|||254,733|(5,580)|(21,789)|227,364|(15,358)|
|on investment
assets||||||||
|Gain/Loss
on mvestment
assets||||||||
|Realised Gain/(Loss)||||||||
|Unrealised
Gain/ILoss)|||3,006|||3,006|77,135|
|Total|||3,006|||3,006|77,135|
|Net Income/(Expenditure)|||257,739|(5,580)|(21,789)|230,370|61,777|
|Transfers||||||||
|Gross transfers
between|funds||35,990|98,626|(134,616)|||
|Net incoming
resources|before other|||||||
|recognised
gams and losses|||293,729|93046|(156,405)|230,370|61,777|
|Net movement||in funds|293,729|93,046|(156,4051|230,370|61,777|
|Reconciliation
of Funds||||||||
|Total funds brought
forward|||3,706,642|122,737|264,585|4,093,964|4,032,187|
|Total Funds carried forward|||4,000,371|215783|108,180|4,324,334|4,093,964|