| Page | |||
|---|---|---|---|
| Trustees' Report | I-12 | ||
| Independent Auditors' |
Report on the Financial | Statements | 13 - 15 |
| Statement ofFinancial | Activities | 16 | |
| Balance Sheet | 17 | ||
| Statement ofCash Flows | 18 | ||
| Notes to the Financial | Statements | 19-35 |
| 183,897,as demonstrated in the t |
able below: | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Overall net movement in funds |
for the period per SoFA | (13,041) | (/06, 673) |
| Increase/ decrease in designated | fixed asset fund | 51,698 | (/45, 638) |
| Less: restricted grant donations for capital projects |
(222,554) | ||
| Operational deficit for the year |
(183,897) | (252,3//) |
| Unrestricted | Restricted | Total | Tarot | ||
|---|---|---|---|---|---|
| fiinds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Note | 8 | 8 | K | ||
| Income from: | |||||
| Donations and legacies |
8,010 | 222,554 | 230,564 | 99,267 | |
| Charitable activities |
4,496,371 | 4,496,371 | 4,176,162 | ||
| Other trading activities |
2,875 | 2,875 | 4,817 | ||
| Investments | 25,030 | 25,030 | 9,540 | ||
| Total income | 4,532,286 | 222,554 | 4,754,840 | 4,289,786 | |
| Expenditure on: |
|||||
| Raising funds | 18,950 | 18,950 | 5,435 | ||
| Charitable activities |
4,748,931 | 4,748,931 | 4,391,024 | ||
| Total expenditure | 4,767,881 | 4,767,881 | 4,396,459 | ||
| Net (expenditure)/income | (235,595) | 222,554 | (13,041) | (106,673) | |
| Transfers between funds |
17 | 52,458 | (52,458) | ||
| Net movement in funds |
(183,137) | 170,096 | (13,041) | (106,6731 | |
| ReconciTiation offunds: | |||||
| Total funds brought forward | 5,192,029 | 5,192,029 | 5,298,702 | ||
| Net movement in funds |
(183,137) | 170,096 | (13,041) | (106,673) | |
| Total funds carried forward | 5,008,892 | 170,096 | 5,178,988 | 5,192,029 |
| Note | 2023 | 2022f | |||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities |
|||||||
| Net cash used in operating | activities | 19 | 207,538 | 16,448 | |||
| Cash flows from investing | activities | ||||||
| Dividends, interests and rents from investments |
25,030 | 9,540 | |||||
| Purchase oftangible fixed | assets | (107,279) | (343,582) | ||||
| Net cash used in investing | activities | (82,249) | (334,042) | ||||
| Change in cash and cash | equivalents | in | the year | 125,289 | (317,594) | ||
| Cash and cash equivalents | at the beginning | ofthe year | 1,141,635 | 1,459,229 | |||
| Cash and cash equivalents | at the end | of | the year | 20 | 1,266,924 | 1,141,635 | |
| The notes on pages 19to 35form part | ofthese financial | statements |
| Freehold property | —Over 50years | |||
|---|---|---|---|---|
| Integral features |
(included | within | —Over 15-20years | |
| buildings) | ||||
| Freehold land | —Nil | |||
| Motor vehicles | - Over 3 years | |||
| Household furniture |
and | equipment | —Over 5 years |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| K | |||
| Provision ofcare services | 4,496,371 | 4,496,371 | 4,176,162 |
| Total 2022 | 4,176,162 | 4,176,162 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2023 | 2023I | 2022 |
| 2,875 | 2,875 | 4,817 |
| 4,817 | 4,817 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2023 | 2023 | 2022 |
| 25,030 | 25,030 | 9,540 |
| 9,540 | 9,540 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| 8 | |||
| Fundraising | 18,950 | 18,950 | 5,435 |
| Total 2022 | 5,435 | 5,435 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2023 | 2023 | 2023 | 2022 | |
| Provision ofcare servtces | 4,748,931 | 4,748,931 | 4,391,024 | |
| Total 2022 | 4,310,298 | 80,726 | 4,391,024 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | Total | ||
| directly | Support costs | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| g | g | 8 | ||
| Provision ofcare services | 4.336,821 | 412,110 | 4,748,931 | 4,391,024 |
| Total 2022 | 4,022,046 | 368,978 | 4,39L024 |
| Provision of | Total | Total | ||||
|---|---|---|---|---|---|---|
| care services | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| f. | ||||||
| Stalf costs | 3,214,960 | 3,214,960 | 2,855,965 | |||
| Depreciation | 158,977 | 158,977 | 197,947 | |||
| Staffrecruitment | 4,244 | 4,244 | 4,790 | |||
| Travel snd other staff costs | 64,373 | 64,373 | 79,028 | |||
| Resident costs including | food and household | expenses | 503,704 | 503,704 | 472,250 | |
| Property costs | 163,540 | 163,540 | 139,192 | |||
| Insurance | 38,160 | 38,160 | 34,775 | |||
| Agency costs | 185,259 | 185,259 | 237,989 | |||
| General office costs | 2,125 | 2,125 | ||||
| Professional | fees | 60 | 60 | 110 | ||
| Bad debts | 1,419 | 1,419 | ||||
| 4,336,821 | 4,336,821 | 4,022,046 | ||||
| Total 2022 | 4,022,046 | 4,022,046 | ||||
| Analysis ofsupport costs | ||||||
| Provision of | Total | Total | ||||
| care services | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| 8 | ||||||
| Staff costs | 313,527 | 313,527 | 283,702 | |||
| General office costs | 67,348 | 67,348 | 63,966 | |||
| Communications | 3,868 | 3,868 | 4,067 | |||
| Professional | fees | 17,253 | 17,253 | 6,411 | ||
| Bank charges | 1,049 | 1,049 | 1,097 | |||
| Governance | costs | 9,065 | 9,065 | 9,735 | ||
| 412,110 | 412,110 | 368,978 | ||||
| Total2022 | 368,978 | 368,978 |
| 2023 | 2022 | |
|---|---|---|
| g | ||
| Wages and salaries | 3,244,525 | 2,882, 776 |
| Social security costs | 219,026 | 196,527 |
| Pension costs | 64,936 | 60,364 |
| 3,528,487 | 3,139,667 |
| 2023 | 2022 | ||
|---|---|---|---|
| No. | No. | ||
| Provision of | care services | 128 | 128 |
| Administration | and support | 12 | 15 |
| Senior management | 1 | ||
| 141 | 144 |
| 2023 | 2022 | ||
|---|---|---|---|
| No. | 77o. | ||
| Provisron of | care services | 127 | 124 |
| Administration | and support | 11 | 13 |
| Senior management | 1 | ||
| 139 | 138 |
| Freehold | Fixtures and | Assets under | ||||
|---|---|---|---|---|---|---|
| property | Motor vehicles | fittings | construction | Total | ||
| g | g | K | ||||
| Cost | ||||||
| At 1 November | 2022 | 5,380,464 | 72,367 | 996,816 | 6,449,647 | |
| Additions | 13,822 | 55,537 | 37,919 | 107,278 | ||
| Disposals | (1,204) | (21,365) | (22,569) | |||
| At 31October | 2023 | 5,393,082 | 72,367 | 1,030,988 | 37,919 | 6,534,356 |
| Depreciation | ||||||
| At 1 November | 2022 | 1,454,787 | 72,367 | 825,283 | 2,352,437 | |
| Charge for the | year | 111,324 | 47,653 | 158,977 | ||
| On disposals | (1,204) | (13,318) | (14,522) | |||
| At 31October | 2023 | 1,564,907 | 72,367 | 859,618 | 2,496,892 | |
| Net book value | ||||||
| At 31October | 2023 | 3,828,175 | 171,370 | 37,919 | 4,037,464 | |
| At 31October2022 | 3,925,677 | 171,533 | 4,097,210 |
| 2023 | 2022 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 151,858 | 229,589 | |
| Other debtors | 4,152 | 127 | |
| Prepayments | and accrued income | 23,167 | 21,207 |
| 179,177 | 250,923 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Trade creditors | 45,772 | 83,799 | ||||
| Other taxation | and | social security | 57,649 | 48,103 | ||
| Other creditors | 51,499 | 32,965 | ||||
| Accruals | and deferred income | 149,657 | 132,872 | |||
| 304,577 | 297,739 | |||||
| 2023 | 2022 | |||||
| Deferred | income at I November | 30,289 | 26,631 | |||
| Resources | deferred | during the year | 47,208 | 30,289 | ||
| Amounts | released from previous | periods | (30,289) | (26,6311 | ||
| 47,208 | 30,289 |
| Statement offunds | - cur | rent | year | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at 1 | ||||||||
| November | Transfers | Balance at31 | ||||||
| 2822 | Income | Expenditure | in/out | October 2023 | ||||
| K | K | |||||||
| Unrestricted funds |
||||||||
| Designated funds |
||||||||
| Birling House donations | 2,407 | 7,100 | (2,208) | 7,299 | ||||
| Frindsbury House donations |
10,227 | 910 | (11,084) | 53 | ||||
| Fixed assets | 4,097,214 | (158,977) | 99,227 | 4,037,464 | ||||
| Birling House Fundraising | 9,149 | 1,979 | (3,845) | 7,283 | ||||
| Frindsbury House Fundraising |
955 | 101 | (76) | 980 | ||||
| 4,119,952 | 10,090 | (176,190) | 99,227 | 4,053,079 | ||||
| General funds | ||||||||
| General Funds —all |
funds | 1,072,077 | 4,522,196 | (4.591,691) | (46,769) | 955,813 | ||
| Total Unrestricted | funds | 5,192,029 | 4,532,286 | (4,767,881) | 52,458 | 5,008,892 | ||
| Restricted funds | ||||||||
| The SirJames Roll | Charitable | Trust | 1,500 | (1,500) | ||||
| Screwfix Foundation | 4,987 | (4,839) | 148 | |||||
| Cantiacorum Foundation |
3,200 | (3,200) | ||||||
| The Iron Bridge Trust | 2,000 | 2,000 | ||||||
| Percy Bilton Charity | 5,000 | (5,000) | ||||||
| The Bernaud Sunley | Foundation | 15,000 | (15,000) | |||||
| Garfield Weston Foundation | 30,000 | (22,919) | 7,081 | |||||
| Albert Gubay Charitable | Foundation | 160,867 | 160,867 | |||||
| 222,554 | (52,458) | 170,096 | ||||||
| Total offunds | 5,192,029 | 4,754,840 | (4,767,881) | 5,178,988 |
| Balance at | Balance at | |||||||
|---|---|---|---|---|---|---|---|---|
| 1November | 31October | |||||||
| 2021 | income | Expenditure | Transfers | tnlout | 2022 | |||
| 6 | ||||||||
| Unrestricted funds |
||||||||
| Designated funds |
||||||||
| Birling House donations | 6,713 | 50 | (4,356) | 2,407 | ||||
| Frindsbury House donations |
2,976 | 7,300 | (49) | 10,227 | ||||
| Fixed assets | 3,951,576 | (197,947) | 343,585 | 4,097,214 | ||||
| Buling House Fundtsising | 4,555 | (175) | 4,769 | 9,149 | ||||
| Frindsbury House Fundraising |
955 | 955 | ||||||
| 3,961,265 | 11,905 | (198,171) | 344,953 | 4,119,952 | ||||
| General funds | ||||||||
| General Funds - all | funds | 1,334,197 | 4,185,964 | (4,103,131) | (344,953) | 1,072,077 | ||
| Total Unrestricted | funds | 5,295,462 | 4,197,869 | (4,301,302) | 5,192,029 | |||
| Restricted funds | ||||||||
| The Sir James Roll | Charitable | Trust | 10,274 | (10,274) | ||||
| Cantiacotum Foundation |
48,417 | (48,417) | ||||||
| The Iron Bridge Trust | 3,240 | (3,240) | ||||||
| The Bctnaud Sunley | Foundation | 18,795 | (18,795) | |||||
| 3,240 | 77,486 | (80,726) | ||||||
| Total offunds | 5,298,702 | 4,275,355 | (4,382,028) | 5,192,029 |
| Analysis | ofne | t asset | s be | tween funds - current year | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2023 | 2023 | 2023 | |||||
| g | g | g | |||||
| Tangible | lixed | assets | 4,037,464 | 4,037,464 | |||
| Current | assets | 1,276,005 | 170,096 | 1,446,101 | |||
| Creditors | due | within | one | year | (304,577) | (304,577) | |
| Total | 5,008,892 | 170,096 | 5,178,988 |
| Analysis ofnet ass | et | s between | funds - prior year | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| funds | funds | |||||
| 2022 | 2022 | |||||
| Tangible lixed assets | 4,097,210 | 4,097,210 | ||||
| Current assets |
1,392,558 | 1,392,558 | ||||
| Creditors due within |
one year | (297,739) | (297,739) | |||
| Total | 5,192,029 | 5,192,029 | ||||
| Reconciliation ofnet movement |
in funds to net cash flow from operating | activities | ||||
| 2023 | 2022 | |||||
| g | ||||||
| Net expenditure for |
the year (as | pet Statement ofFinancial Activities) | (13,041) | (106,673) | ||
| Adjustments for: |
||||||
| Depreciation charges |
158,979 | 197,948 | ||||
| Dividends, interests |
and rents from investments | (25,030) | (9,540) | |||
| Loss on the sale offixed assets | 8,047 | |||||
| Decrease/(increase) | in debtors | 71,746 | ('73,631) | |||
| Increase in creditors | 6,837 | 8,344 | ||||
| Net cash provided | by operating | activities | 207,538 | 16,448 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cash in hand | 1,266,924 | 1,141,635 | ||
| Total cash and cash equivalents | 1,266,924 | 1,141,635 | ||
| Analysis ofchanges in net debt | ||||
| At 1November | At 31October | |||
| 2022 | Cash flows | 2023 | ||
| g | ||||
| Cash at bank and in hand | 1,141,635 | 125,289 | 1,266,924 | |
| 1,141,635 | 125,289 | 1,266,924 | ||
| Capital commitments | ||||
| 2023 | 2022 | |||
| 8 | ||||
| Coatracted for but not provided | in these financial statements | |||
| Acquisition oftangible flxed assets | 333,317 |
| 2023 | 2022 | ||
|---|---|---|---|
| Not later than 1 year | 15,871 | 15,639 | |
| Later than | 1 year snd not later than 5 years | 34,087 | 43,283 |
| 49,958 | 58,922 |