## |CONTENTS|||Page| |---|---|---|---| |Report ofthe Trustees|||3 —9| |Report ofthe Auditors|||10-12| |Statement ofcomprehensive||income|13| |Statement offinancial|position||14| |Cashflow statement|||15| |Notes to the Financial|Statements||16 —25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Notes|2023|2022| |---|---|---|---|---|---|---|---| |TURNOVER|||||1b/2|1,855,373|1,783,445| |Operating|Costs|||||(2,034,867)|(1,697,415)| |Operating|Surplus|||||(179,494)|86,030| |Interest Receivable|||||5 (i)|150|19| |Movement|in fair value offinancial|||instruments|5{ii)|{7,178)|73,947| |Surplus
on|Ordinary|Activities before||||(186,522)|159,996| |Taxation|||||||| |Tax on Surplus on||Ordinary|Activities||||| ## ## |||Notes||2023||2022| |---|---|---|---|---|---|---| |TANGIBLE FIXEDASSETS||||||| |Property,
plant 8equipment||8(i)||853,932||905,643| |investments||8 (ii)||702,637||709.816| |||||1,556,569||1,615,459| |CURRENT ASSETS||||||| |Stock||9|3,595||3,139|| |Debtors||10|206,287||111,358|| |Cash at Bank snd in Hand|||135,874||368,995|| ||||345,756||483,492|| |CREDITORS: Amounts|falling due within|||||| |one year|||(192,818)||(190,833)|| |Net Current Assets||||152,938||292,659| |CREDITORS: Amounts|falling due in more|||||| |than year||||(217,584)||(229,672)| |TOTAL ASSETS LESS|CURRENT LIABILITIES|||61,491,923||61,678,446| |CAPITAL AND RESERVES||||||| |General Reserves||16||1,391,026||1,625,358| |Restricted Reserves||16||100,897||53,088| |Total Funds||||61,491,923||61,678,446| ## ## ||||Notes||2023||2022| |---|---|---|---|---|---|---|---| |Surplus
from operations|||||(186,522)||159,996| |Adjustments
for depreciation||and impairment|||52,545||52,720| |(increase)
in va/ue of investments|||||7,179||(73,947)| ||||||(126,798)||138,769| |Movements
in working|capital||||||| |Decrease
in stocks||||(456}||403|| |(increase }/decrease
in|debtors|||(94,929}||(19,965)|| |increase/(decrease)
m|creditors|||1,985||18,203|| ||||||(93,400)||(1,359)| |Net cash generated
by operaing||activities|||(220,198}||137,410| |Investing
activities|||||||| |Payments
for property,
plant and||equipment|||(834)||(2,506)| |Cash flows from financing|aclivities||||||| |Grants repaid|||||(12,088)||(12,088)| |Net increase/(decrease)
in cash and cash equivalents|||||(233,120)||122,816| |Cash and cash equivalents|at the|beginning|ofthe year||368,995||246,179| |Cash and cash equivalents|at the end of||the year||6135,874||| |Cash and bank balances|||||6135,874||8368,995| ## ## ## ## ## ## ## ## ## ## ## |||||0
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IL||||||||||||||||||||| ## ## |EMPLOYEE COSTS|||||2023||2022| |---|---|---|---|---|---|---|---| |Vyages and Salaries|||||982,799||950,881| |Social Security Costs|||||76,490||75,009| |Other pension
costs|||||16,915||14,627| ||||||F1,076,204||61.040,517| |No employee
received emoluments||of more than 860,000.|||||| |The average
number of|employees|during|the year, calculated|on the basis||of full time equivalents|| |was as follows:|||||||| |Resident Manager|||||||| |Administration|||||||| |Day Care|||||||| |Nursing,
Care Assistants|and Domestics|||||40|40| ||||||||43| |(IVS fuii time is ciassifierf|as 30hours ormore per period)||||||| |Average number
of employees|||||||| |Remuneration
of 3 (2)senior staff|||||6116,409||685„607| |TRUSTEES REMUNERATION
AND||RELATED PARTY|||||| |TRANSACTIONS|||||||| |No Trustee received any remuneration
during the year.
Expenses
waived
by trustees||||~m|||| |No Trustees
or other person related||to the|charity had any personal||interest|in any contract or|| |transaction
entered
into|by the charity during the year (2022 ENIL).||||||| ||Donations|received|from Trustees were|from Trustees were||63,949|K4,463| |---|---|---|---|---|---|---|---| ||Donations|received|from connected|charities||612,081|61,500| |5(i)|INTEREST|RECEIVABLE||||2023|2022| ||Interest receivable||on bank deposits|||6150|219| |5(ii)|MOVEMENT
IN FAIR VALUE OF FINANCIAL||||INSTRUMENTS||| ||Lfnrealised|gains|on investments|||(67,178)|873,947| ## ## |SUPLUS/(DEFICIT)
ON|ORDINARY ACTIVITIES|2023|2022| |---|---|---|---| |BEFORETAXATION|||| |Deficit on ordinary
activities|||| |before taxation
is stated|oner charging:||| |Depreciation
on Housing|Properties|38,452|38,452| |Depreciation
on other Tangible Fixed Assets||14,093|14,268| |Auditors
Remuneration|—audit services|5,280|4,800| |(inc VA7)|—non audit services||| ## |||||Fixtures,|| |---|---|---|---|---|---| |||Freehold||fittings
&|| |8(i)|FIXED ASSETS|land|Buildings|equipment|Total| ||Cost||||| ||At I April 2022|137,164|1,922,616|206,005|2,265,785| ||Additions|||834|834| ||At 31 March 2023|f137,164|61,922,616|6206,839|f2,266,619| ||Depreciation||||| ||At 1 April 2022||1,170,244|189,898|1 308 342| ||Charge for the year||38,452|14,093|52,545| ||At 31 March 2023||f1,208,696|6203„991|f1,360,887| ||Net Book Yatue||||| ||At 31 March 2022|f137,164|f752,372|f.'l6,107|f905,643| ||At 31 March 2023|f137,164|f713,920|f2,848|f853,932| ## ## |8{ii)|INVESTMENTS|INVESTMENTS|||2023|2022| |---|---|---|---|---|---|---| ||Valuation
Brought Forward||||709,815|635,869| ||Unrealised|gain on investments|||{7,178)|73.947| ||At 31 March|2023|||6702,637|8709,816| |9|STOCKS||||2023|2022| ||Food||||2,210|1,880| ||Non-Food||||1,385|1,259| ||||||63,595|63,139| |10|DEBTORS||||2023|2022| ||Care and Accommodation|||Charges|196,217|99,280| ||Income
Tax Refund|||||2,538| ||Prepayments|and Accrued||Income|9,601|9,109| ||Other debtors||||469|431| ||||||6206,287|8111,358| |11|CREDITORSr|AMOUNTS|FALLING DUE WITHIN ONE YEAR||2023|2022| ||Trade Creditors||||29,334|70,023| ||Social Security and Other|||Taxes|9,835|19,415| ||Accruals||||45,327|16,314| ||Other Creditors||||96,235|72,993| ||Government|grant|||12,088|12,088| ||||||6192,819|5190,833| ||CREDITORS:|AMOUNTS|FALLING DUE IN MORE THAN ONE||2023|2022| ||YEAR|||||| ||Government
grant||||8217,584|5229,672| ## ## |12|CAPITAL COMMITMENTS||||2023|2022| |---|---|---|---|---|---|---| ||Authorised
but nof contracted||||Nil|Nd| ||Contracted
for but not spent|||||| |13|HOUSING STOCK||||2023|2022| ||SHG Funded||||10|10| ||Non-SHG Funded||||22|22| ||Bed spaces in accommodation|owned|by the Assoaation|||32| |14|AVERAGE ACCOMMODATION|CHARGE|||2023|2022| ||The average
weekly accommodaiion||charge was:||61,106|61,021| |15|RECONCILIATION
OF MOVEMENTS||IN ASSOCIATION'6|FUNDS||| ||||||2023|2022| ||Opening
Association's
Fund||||1,678,446|1,518,450| ||Surplus/(Deficit}
for the financial|year|||(186,522)|159,996| ||Closing Association
Funds||||61,491,924|F1„678,446| ## |16|RESERVES|As at|||Fund|As et| |---|---|---|---|---|---|---| |||01.04.2021|Income|Expenditure|Transfers|31.03.2022| ||Restricted Reserves|||||| ||The Rey King Memorial|||||| ||Fund|28,259|3,129|(12,904)||18,484| ||Staff Fund|463|881|(1,344)||| ||Projects Fund|11,354|8,408|(13,158)||6,604| ||Respite
Fund|8,000|||(8,000)|| ||Dey Club Fund|2,217|||(2,217)|| ||Flood Resilience Fund|2,795|74,678||(1,664)|75,809| ||Total Restrlcfed|||||| ||Reserves|53,088|87.096|(27,406)|(11,881)|100,897| ||Unrestricted
Reserves|||||| ||- General Funds|1,625,358|1,761,247|(2,007,460)|11,881|1,391,026| ||Total Reserves|61,518,450|61,848,343|(52,034,886)||91,491,923| ## ## ## ## ||General|Restricted|| |---|---|---|---| ||Funds|Funds|Total| |Tangible
Fixed Assets|853,932||853,932| |Investments|702,637||702,637| |Current Assets|244,859|100,897|345,756| |Current
Liabilities|(192,818)||(192,818)| |Non current
liabilities|(217,584)||(217,584| |Net Assets as at 31 March 2023|61,391,026|6100,897|61,491,923|