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2023-03-31-accounts

Page
Trustees'
report
Independent auditor's report
Statement of financial activities
Balance sheet 19 - 20
Statement of cash flows 21
Notes to the financial statements 22-41

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2023 2022
Notes
Fixed assets
Tangible assets 15 1,566,170 1,073,990
Investments 16 2,204,103 3,235,536
3,770,273 4,309,526
Current assets
Debtors 435,020 381,584
Cash at bank and in hand 109,594 91,232
544,614 472,816
Creditors: amounts falling due
within one year 260,329 271,176
Net current assets 284,285 201,640
Total assets less current liabilities 4,054,558 4,511,166
Provisions for liabilities (183,000)
Net assets excluding
(deficit)
pension surplus/ 4,054,558 4,328,166
Defined benefit pension surplus/(deficit) 271,000
Net assets 4,325,558 4„328,166
The funds ofthe charity
Restricted
income funds
19 32,328 29,061
Unrestricted
funds - general
3,339,230 3,424,105
Unrestricted
funds - designated
20 500,000 500,000
Pension reserve 454,000 375,000
4,325,558 4,328,166

2023 2022
Nates f
Cash flows from operating activities
Cash absorbed
by operations
27 (393,835) (127,383)
Investing
activities
Purchase oftangible
fixed assets
(531,477) (13,699)
Proceeds from disposal of investments 868,000
Investment
income received
75,674 88,259
Net cash generated
from
investing
activities 412,197 74,560
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents 18,362 (52,823)
Cash and cash equivalents
at beginning
ofyear 91,232 144,055
Cash and cash equivalents at end of year 109,594 91,232

Donation s
and legacies
Unrestricted Restricted Total Unrestricted
funds funds funds
general general
2023 2023 2023 2022
E f E E
Donations and gifts 2,549 1,000 3,549 5,397
Legacies receivable 74,245
2,549 1,000 3,549 79,642
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f f
Fundraising events 3,068
Income from investments
Unrestricted Unrestricted
funds funds
2023 2022
f f
Income from listed investments 75,673 88,259
Other income
Unrestricted Unrestricted
funds funds
2023 2022
f f
Other income 21,408

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funds
general
2023 2022
f
Fundraising costs 37,063
37,063
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Support costs
Support
costs
Governance
costs
Support
costs
Governance
costs
2022
f E E
Staff costs 472,332 472,332 357,783 357,783
Travel 7,829 7,829 6,975 6,975
Administration and
premises 334,192 334,192 238,161 238,161
Postage and printing 6,459 6,459 6,479 6,479
Financial costs 1,444 1,444 738 738
Depreciation 31,045 31,045 13,197 13,197
General expenses 5,793 5,793
Legal and professional 32,587 32,587 80,075 80,075
Audit fees 5,500 5,500 4,900 4,900
885,888 5,500 891,388 709,201 4,900 714,101
Analysed
between
Charitable
activities
885,888 5,500 891,388 709,201 4,900 714,101

The averag e
monthly
number
ofemployees
during
the year was:
2023 2022
Number Number
Executive 3 3
Operations 19 18
Supported Living 36 34
Finance h Administration 8 8
Total 66 63

Employees (Continued)
Employment costs 2023 2022
f. E
Wages and salaries 1,492,183 1,251,391
Social security costs 130,052 99,214
Pension costs 197,008 178,866
1,819,243 1,529,471
Total numb er
o
f employees
whose remuneration
was a
bove f60,000
2023 2022
Number Number
680,000 - f90,000
13 Gains and losses on investments
Unrestricted Unrestricted
funds funds
2023 2022
Gains/(losses) arising on: f f
Revaluation of investments (163,433) 297,277

Tangible fix ed asse ts
Freehold
land
Fixtures andMotor vehicles Total
and buildings fittings
E
Cost
At 31 March 2022 1,290,886 73,020 133,913 1,497,819
Additions 446,102 52,692 32,683 531,477
Disposals (9,930) (9,930)
At 30 March 2023 1,736,988 125,712 156,666 2,019,366
Depreciation and impairment
At 31March 2022 263,196 49,764 110,870 423,830
Depreciation charged in the year 738 29,349 9,209 39,296
Eliminated
in
respect of disposals (9,930) (9,930)
At 30 March 2023 263,934 79,113 110,149 453,196
Carrying
amount
At 30 March 2023 1,473,054 46,599 46,517 1,566,170
At 30 March 2022 1,027,691 23,256 23,043 1,073,990

Fixed asset investments
Listed
investmentsf
Cost or valuation
At 31March 2022 3,235,536
Valuation
changes
(163,433)
Disposals (868,000)
At 30 March 2023 2,204,103
Carrying
amount
At 30 March 2023 2,204,103
At 30 March 2022 3,235,536

Debtors Debtors
Amounts
falling due within one year:
2023f 2022
f
Trade debtors 299,574 239,626
Other debtors 68,936
Prepayments and accrued income 135,446 73,022
435,020 381,584

Creditors: am ounts falling due within one year
2023f 2022f
Other taxation and social security 64,930 28,319
Trade creditors 150,786 118,093
Accruals and deferred income 44,613 124,764
260,329 271,176

on trust sub ject to specific conditi ons
by donors as to how the
y may be use d.
At 31March Incoming Resources At 30 March
2022
f
resources
f
expended
f
2023
f
National
Lottery
5,115 5,115
Home Bonus grani 1,075 (1,075)
Fundraising balances 4,201 1,000 5,201
Armed forces 9,193 34,125 (28,060) 15,258
BBCChildren in Need 9,477 9,663 (12,386) 6,754
29,061 44,788 (41,521) 32,328

ig Restricted funds (Continued) (Continued)
Previous year: At 31March
2021
Incoming
resources
Resources
expended
At 30 March
2022
E
National
Lottery
5,115 5,115
Cheshire
East
1,075 1,075
Fundraising
balances
4,201 4,201
Armed forces 17,500 17,500 (25,807) 9,193
BBCChildren
in Need
9,477 9,477
27,891 26,977 (25,807) 29,061

These are unrestricted
funds which are materia
l to the charity's
activities.
At 31March At 30 March
2022 2023
f.
Emergency funds 500,000 500,000
Previous year: At 31March At 30 March
2021 2022
f. f
Emergency funds 500,000 500,000

At 31March Incoming Resources Gains and At 30 March
2022
E
resources
f.
expended
f.
losses 2023
f
General funds 3,799,105 2,358,992 (2,655,434) (163,433) 3,339,230
Pension fund 454,000 454,000
3,799,105 2,358,992 (2,655,434) 290,567 3,793,230
Previous year: At 31March
2021f
Incoming
resources
E
Resources
expended
Gains and
losses
At 30 March
2022
General funds 3,122,446 2,180,430 (2,176,048) 297,277 3,424,105
Pension fund 375,000 375,000
3,122,446 2,180,430 (2,176,048) 672,277 3,799,105
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payme nts
under non-cancellable
operating
lease
s, which fall due as follows:
2023 2022
f
Within one year 86,723 30,052

Valuat;ion date 30 March 2023 30 March 2023 30 March 2022 30 March 2022
Valuation
method
Projected unit credit Projected unit credit
Value ofassets E2,691,000 E2,849,000
Value of liabilities E2,420,000 E3,032,000
Funding
level for accrued benefits
111.2% 93.9%
Investment
returns
on accumulated
assets 1P PP 7 PP%
Salary scale increase per annum 3.70% 4.00%
Pension increases
per annum
3.00% 3.30%
Discount rate 4.75% 2.70%
Rate of Consumer
Price Index
3.30% 3.30%
Rate of price inflation 3.PP 3.85%
27 Cash generated
from operations
2023 2022
f E
(Deficit)/surpus
for the year
(456,608) 302,829
Adjustments
for:
Investment
income recognised
in statement offinancial activities (75,673) (88,259)
Fair value gains and losses on investments 163,433 (297,277)
Depreciation
and impairment
oftangible fixed assets 39,296 19,504
Movements
in working
capital:
(Increase)
in debtors
(53,436) (136,331)
(Decrease)/increase
in creditors
(10,847) 72,151
Cash absorbed
by operations
(393,835) (127,383)