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2023-03-31-accounts

Reference and Administrative Reference and Administrative Details
Strategic Report 2to 5
Trustees' Report 6to 10
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 12to 15
Statement ofFinancial Activities 16to 17
Balance Sheet 18
Statement ofCash Flows 19
Notes to the Financial Statements 20 to 35
Nutley Hall
Reference and Administrative Details
Chief Executive Officer R Levy
Trustees H Compson
P Blok
M Albath
G Bridge
RLevy
YDellsperger
R A Crowther
Secretary H Compson
Charity Registration Number 307023
Company Registration Number 868461
The charity is incorporated in England and Wales.
Registered Office Nutley
Hall
Nutley
Uckfield
East Sussex
TN22 3NJ
Auditor Manningtons
Statutory
auditor
39High Street
Battle
East Sussex
TN33 OEE
Bankers Barclays Bank pic
Leicestershire
Leicester
LE872BB

Keyfinancial performanceindicators
Unit 2023 2022
Net Profit Percentage ofFee Income 7.20 8.20
Percentage ofdirectly attributable
expenses to fee income		 92.00 95.00

The trustees and officers serving during the year and since the year end were as follows:
Trustees: H Compson
PBlok
M Albath
H Dow (resigned 30October 2022)
IWalker (resigned 30October 2022)
G Bridge
R Levy
Y Dellsperger
R A Crowther (appointed 30October 2022)
Chief Executive Officer: R Levy
Secretary: H Compson

Total
Unrestricted Restricted 2023
Note f.
Income and Endowments from:
Donations and Grants 2,597 52,323 54,920
Charitable activities 1,826,533 1,826,533
Investment income 3,782 23 3,805
Total Income 1,832,912 52,346 1,885,258
Expenditure
on:
Charitable activities (1,691,590) (6,589) (1,698,179)
Governance costs (13,956) (13,956)
Total Expenditure (1,705,546) (6,589) (1,712,135)
Net income 127,366 45,757 173,123
Net movement
in funds		 127,366 45,757 173,]23
Reconciliation
offunds
Total funds brought forward 1,889,449 242,236 2,131,685
Total funds carried forward 19 2,016,815 287,993 2,304,808

gncluding
Inco		 me an d Expenditure Account and
Losses)		 Statement ofT otal Recognised Gains and
Total
Unrestricted Restricted 2022
Note f
Income and Endowments from:
Donations
and Grants		 111,472 111,472
Charitable
activities		 1,665,693 1,665,693
Investment
income		 566 567
Total Income 1,777,731 1,777,732
Expenditure
on:
Charitable
activities		 (1,569,249) (15,651) (1,584,900)
Mercury provident pension scheme (34,899) (34,899)
Governance
costs		 (19,911) (19,911)
Total Expenditure (1,624,059) (15,651) (1,639,710)
Net income/(expenditure) 153,672 (15,650) 138,022
Transfers between funds 19,850 (19,850)
Net movement
in funds		 173,522 (35,500) 138,022
Reconciliation offunds
Total funds brought forward 1,715,927 277,736 1,993,663
Total funds carried forward 19 1,889,449 242,236 2,131,685

Balance Sheet as a t31March 2023
2023 2022
Note
Fixed assets
Tangible assets 13 2,671,408 2,617,497
Investments 14 4,202 3,994
2,675,610 2,621,491
Current
assets
Debtors 15 109,027 88,593
Cash at bank and in hand 16 702,390 732,930
811,417 821,523
Creditors: Amounts falling due within one year 17 (211,090) (223,123)
Net current assets 600,327 598,400
Total assets less current liabilities 3,275,937 3,219,891
Creditors: Amounts falling due after more than one year 18 (971,129) (1,088,206)
Net assets 2,304,808 2,131,685
Funds ofthe charity:
Restricted income funds
Restricted
funds		 19 287,993 242,236
Unrestricted income funds
Unrestricted funds 2,016,815 1,889,449
Total funds
The fioanoiai		 statements on pages id to 35 were approved 19
by the mlstees
and		 2,304,808
authorised
for issue on		 2,131,685
khL!rsb. .4-

Statement ofCash Flows for the Yea r Ended 31 March 2023
2023 2022
Note
Cash flows from operating
activities
Net cash income 173,123 138,022
Adjustments
to cash flows from non-cash		 items
Depreciation 94,220 94,504
Revaluation
ofinvestments		 (208) 1,398
Loss on disposal offixed assets held for the charity's own use 838
267,973 233,924
Working capital adjustments
(increase)/decrease
in debtors		 15 (20,434) 5,049
Decrease in creditors 17 (72,245) (140,458)
Net cash flows fiom operating
activities		 175,294 98,515
Cash flows from investing
activities
Purchase oftangible
fixed assets		 13 (148,969) (4,963)
Cash flows from flnancing
activities
Repayment ofloans and borrowings 17 (56,865) (55,685)
Net (decrease)/increase
in cash and cash equivalents		 (30,540) 37,867
Cash and cash equivalents
at
1 April		 732,930 695,063
Cash and cash equivalents
at 31 March		 702,390 732,930

Asset class Depreciation method and rate
Land and buildings Straight
line		 over 50years
Improvements
(included		 under Land and buildings) 3%and 20% straight line
Furniture
and equipment		 20%reducing balance
Motor Vehicles 20%reducing balance

3 Income f rom donations and legacies
Unrestricted
funds Restricted Total Total
General funds 2023 2022
Donations and legacies;
Donations from individuals 45 52,323 52,368 45,100
Grants,
including		 capital grants;
Government grants 2,552 2,552 66,372
2,597 52,323 54,920 111,472
4 Income from charitable activities
Unrestricted
1'unds Total Total
General 2023 2022
Residential home and activities 1,826,533 1,826,533 1,665,693

Unrestricted
funds Restricted Total Total
General funds 2023 2022
Interest receivable and similar income;
Interest receivable on bank deposits 3,704 23 3.727 539
Other income from fixed asset
investments 78 28
3,782 23 3,805 567
6
Expenditure		 on charitable activities
Unrestricted
funds Restricted Total Total
General funds 2023 2022
Note
Residential home and
activities 544,053 928 544,981 465,135
Depreciation,
amortisation and other
similar costs 89,397 5,661 95,058 94,504
Staffcosts 1,058,140 1,058,140 1,025,261
Governance costs 13,956 ]3,956 19,911
1,705,546 6,589 1,712,135 1,604,811

Governance costs
Unrestricted
funds Total Total
General 2023 2022
f
Audit fees
Audit ofthe financial statements 6,150 6,150 5,000
Other fees paid to auditors 2,766 2,766 2,416
Legal fees 5,040 5,040 5,040
Other governance
costs		 7,455
13,956 13,956 19,911
9
Net incoming/outgoing		 resources
Net incoming resources for the year include:
2023f 2022
g
Audit fees 6,150 5,000
Loss on disposal offixed assets held for the charity's own use 838
Depreciation offixed assets 94,220 94,504
10 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:

11 Staffcosts
The aggregate
payroll costs were as follows:
2023 2022
Staffcosts during the year were:
Wages and salaries 916,006 910,115
Social security costs 65,295 60,322
Pension costs 25,584 26,065
Other staff costs 51,255 28,759
1,058,140 1,025,261
The monthly
average
number ofpersons
(includin
during the year expressed
as full time equivalents		 g
senior management
/ leadership
team) e
was as follows:		 mployed by the ch arity
2023 2022
No No
Care Staff 43 44
Administration 3 3
46 47

13 Tangible fixed assets
Land and Furniture
and
buildings equipment
f		 Motor vehicles Total
Cost
At 1 April 2022 3,868,829 259,104 77,095 4,205,028
Additions 143,489 5,481 148,970
Disposals (80,166) (80,166)
At 31 March 2023 4,012,318 184,419 77,095 4,273,832
Depreciation
At 1 April 2022 1,322,254 214,703 50,574 1,587,531
Charge for the year
Eliminated
on disposals		 80,248 8,668
~(79,327		 5,304 94,220
~79,327
At 31 March 2023 1,402,502 144,044 55,878 1,602,424
Net book value
At 31March 2023 2,609,816 40,375 21/17 2,671,408
At 31 March 2022 2,546,575 44,401 26,521 2,617,497

Other investments
Unlisted
investments Total
Cost or Valuation
At 1 April 2022 3,994 3,994
Revaluation 208 208
At 31March 2023 4,202 4,202
Net book value
At 31March 2023 4/02 4,202
At 31March 2022 3,994 3,994
15 Debtors
2023 2022
Trade debtors 94,994 29,216
Prep ayments 11,876 17,007
Accrued income 1,163 26,333
Other debtors 994 16,037
109,027 88,593
16 Cash and cash equivalents
2023 2022
Cash on hand 3,115 4,806
Cash at bank 437,207 476,635
Short-term
deposits		 262,068 251,489
702,390 732,930

17 Creditors: amounts
falling du		 e within one year
2023 2022f
Bank loans 26,142 33,632
Trade creditors 30,730 59,550
Other loans 24,019 23,194
Other taxation and social security 15,105 4,165
Other creditors 6,107 8,073
Other creditors - Mercury Pension fund deficit 67,142 64,209
Accruals 41,845 30,300
211,090 223,123

18 Creditors: amounts
falling d		 ue after one yea r
2023 2022
Bank loans 26,181
Other loans 281,075 305,094
Other creditors - Mercury Pension fund deficit 690,054 756,931
971,129 1,088,206
Included
in the creditors are the following		 amounts due afier more than five years:
2023 2022
After more than five years by instalments f
~562,107		 f
~(797,621

19 Funds
Balance at 1 Incoming Resources Balance at 31
April 2022 resources expended March 2023
f,
Unrestricted
funds
General
General Fund 1,889,449 1,832,912 (1,705,546) 2,016,815
Restricted funds
Residents
Mutual		 Fund 3,356 7 3,363
Riding and Sports Fund 5,728 16 (927) 4,817
New buildings 230,952 52,123 (5,662) 277,413
Staff Party 200 200 400
Cobley donation Fund 2,000 2,000
Total restricted funds 242,236 52,346 (6,589 287,993
Total funds 2,131,685 1,885,258 (1,712,135 2,304,808

Balance at
Balance at 1 Incoming Resources 31March
April 2021 resources
f		 expended Transfers 2022
Unrestricted funds
General
General Fund 1,715,927 1,777,731 (1,624,059) 19,850 1,889,449
Restricted
Residents
Mutual		 Fund 3,356 3,356
Riding and Sports Fund 6,515 (788) 5,728
New buildings 235,665 (4,713) 230,952
StaffParty 200 200
Cobley donation Fund 2,000 2,000
MPPS Fund 30,000 (10,150) (19,850)
Total restricted funds 277,736 (15,651) (19,850) 242,236
Total funds 1,993,663 1,777,732 (1,639,710) 2,131,685

Unrestricted
Total funds at
31March
General Restricted 2023
Tangible fixed assets 2,393,995 277,413 2,671,408
Fixed asset investments 4,202 4,202
Current assets 800,837 10,580 811,417
Current liabilities (211,090) (211,090)
Creditors over 1 year (971,129 (971,129)
Total net assets 2,016,815 287,993 2,304,808
Unrestricted Total funds at
funds Restricted 31March
General
f.		 funds
f.		 2022f
Tangible fixed assets 2,386,545 230,952 2,617,497
Fixed asset investments 3,994 3,994
Current assets 810,239 11,284 821,523
Current liabilities (223,123) (223,123)
Creditors over 1 year (1,088,206) (1,088/06)
Total net assets 1,889,449 242,236 2,131,685