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2022-03-31-accounts
| DirectorsandAdvisorsfortheyear ended 31 March2022 |
1 |
| Strategic reportforthe yearended 31 March 2022 |
2 |
| Directors’ reportforthe yearended 31 March 2022 |
8 |
| Independentauditors’ reportto the members ofStCuthbert’sCare |
11 |
| Statementof financial activities (incorporating an Income and ExpenditureAccount) fortheyear |
|
| ended 31 March2022 |
14 |
| Reconciliation offundsfortheyearended 31 March 2022 |
15 |
| Balancesheetasat 31 March2022 |
16 |
| StatementofCash Flowsfortheyearended 31 March 2022 |
17 |
| Accounting policies |
18 |
| Notes to thefinancial statementsfortheyearended 31 March 2022 |
22 |
| Keymanagement personnel |
|
| Chief Executive |
MoiraAshman |
| DirectorofFinance & IT |
NicGilbert |
| DirectorofCare |
Amanda Head |
| DirectorofChildren’s Services |
Jody Scott |
| Director ofCompliance |
Gill Ennis |
| Directorof HR |
Geraldine Martin (retired on 31 March 2022) |
| HR Lead |
Denise Hall (commencedemploymenton 14 Match 2022) |
|
|
Unrestricted |
Restricted |
2022 |
2021 |
|
Note |
funds |
funds |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
| Incomefrom charitableactivities: |
|
|
|
|
|
| Careforchildren |
|
2,358,635 |
|
2,358,635 |
2,191,905 |
| Careforpeoplewith disabilities |
|
2,565,856 |
3,039 |
2,568,895 |
2,455,899 |
| Careforolderpeople |
|
3,395,315 |
- |
3,395,315 |
3,455,499 |
| Grantsreceivable |
|
290,274 |
|
290,274 |
281,213 |
| Fostering &social work |
|
924,750 |
|
924,750 |
1,020,212 |
| Incomefrom donations, legacies |
|
|
|
|
|
| andothertradingactivity |
|
|
|
|
|
| Donations |
|
62,994 |
228,177 |
291,171 |
164,512 |
| Legacies |
|
26,019 |
- |
26,019 |
51,500 |
| Othertrading activities |
|
43,744 |
260,666 |
304,410 |
177,267 |
| Investment income |
|
670 |
209 |
879 |
4,911 |
| Other income |
|
|
|
|
|
| Total income |
|
9,668,257 |
492,091 |
10,160,348 |
9,802,918 |
| Expenditure |
|
|
|
|
|
| Expenditureon charitable |
1 |
9,602,633 |
223,724 |
9,826,357 |
9,636,259 |
| activities |
|
|
|
|
|
| Expenditureonraising funds |
|
|
|
|
|
| Donations and legacies |
2 |
4,630 |
- |
4,630 |
5,074 |
| Othertrading activities |
2 |
5,538 |
111,845 |
117,383 |
25,153 |
| Total expenditure |
|
9,612,801 |
335,569 |
9,948,370 |
9,666,486 |
| Net incomefortheyear |
6 |
55,456 |
156,522 |
211,978 |
136,432 |
|
Unrestricted |
Restricted |
|
|
|
funds |
funds |
Total |
Total |
|
|
|
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Fund balancesat 1 April |
6)494,055 |
525,635 |
7,019,690 |
6,883,258 |
| Netincomefortheyear |
55,456 |
156,522 |
211,378 |
136,432 |
| Fund balancesat31 March |
6,549,511 |
682,157 |
7,231,668 |
7,019,690 |
|
Note |
|
2022 |
2021 |
|
|
|
£ |
£ |
| Fixed assets |
|
|
|
|
| Tangible assets |
8 |
- |
5,001,597 |
5,180,414 |
| Total fixed assets |
|
|
5,001,597 |
5,180,414 |
| Currentassets |
|
|
|
|
| Debtors |
9 |
|
615,810 |
618,625 |
| Cash at bankand in hand |
|
|
2,614,210 |
2,465,789 |
| Total currentassets |
|
|
3,230,020 |
3,084,414 |
| Creditors: amountsfalling duewithinone |
|
|
|
|
| year |
10 |
|
(651,740) |
(860,925) |
| Netcurrentassets |
|
|
2,578,280 |
2,223,489 |
| Total assets lesscurrentliabilities |
|
|
7,579,877 |
7,403,903 |
| Creditors: amountsfalling due after more |
|
|
|
|
| thanone year |
11 |
|
(275,000) |
(300,000) |
| Provisionsfor liabilities and charges |
12 |
|
(73,209) |
(84,213) |
| Netassets |
|
|
7,231,668 |
7,019,690 |
| Thefundsofthe Charity |
|
|
|
|
| Unrestrictedfunds |
|
|
|
|
| Generalfunds |
17 |
|
800,000 |
750,000 |
| DesIgnatedfunds: Charity assetsfund |
17 |
|
5,749,511 |
5,744,055 |
|
|
|
6,549,511 |
6,494,055 |
| Restrictedfunds |
17 |
|
682,157 |
525,635 |
| Total funds |
— 17 |
|
7,231,668 |
7,019,690 |
|
Note |
|
2022 |
2021 |
|
|
|
£ |
£ |
| Cash flowsfrom operating activities |
|
|
|
|
| Netcashprovided byoperating activities |
14 |
|
179,220 |
670,468 |
| Cashflowsfrom investingactivities |
|
|
|
|
| interestreceived |
|
|
879 |
4,911 |
| Purchaseoftangiblefixed assets |
|
|
(31,678) |
(9,428) |
| Netcash used in Investingactivities |
|
|
(30,799) |
(4,517) |
| CashflowsfromfinancingactMties |
|
|
|
|
| Netcashused infinancing activities |
|
|
- |
- |
| Changein cash and cashequivalents inthereporting |
|
|
|
|
| period |
15 |
|
148,421 |
665,951 |
Cashandcashequivalentsatthe beginning ofthe
reportrng period |
|
-— |
2,465,789 |
1,799,838 |
Cash and cash equivalentsatthe endofthereporting
period |
|
|
2,614,210 |
2,465,789 |
| Freehold land |
0 |
| Furniture, equipmentand plant |
5-33 |
| Motorvehicles |
20 |
| Assets inthe course ofconstruction |
0 |
|
|
Direct |
Support |
2022 |
2021 |
|
|
costs |
costs |
|
|
|
|
£ |
£ |
£ |
£ |
| Carefor |
people with disabilities |
2,349,534 |
229,116 |
2,578,650 |
2,582,553 |
| Carefor |
olderpeople |
4,155,608 |
399,646 |
4,555,254 |
4,338,368 |
| Carefor |
children, fostering & social work |
2,493,643 |
198,810 |
2,692,453 |
2,715,338 |
|
|
8,998,785 |
827,572 |
9,826,357 |
9,636,259 |
|
Direct |
Support |
2022 |
2021 |
|
costs |
costs |
|
|
|
£ |
£ |
£ |
£ |
| Voluntary income, donations &legacies |
4,142 |
488 |
4,630 |
5,074 |
| Activitiesforgeneratingfunds |
115,937 |
1,446 |
117,383 |
25,153 |
|
120,079 |
1,934 |
122,013 |
30,227 |
|
|
|
|
Total |
Total |
|
Employee |
Depreciation |
Othercosts |
2022 |
2021 |
|
costs |
|
|
|
|
|
£ |
£ |
|
£ |
£ |
| Charitableactivities |
550,063 |
19,575 |
257,934 |
827,572 |
783,038 |
| Raisingfunds |
1,285 |
46 |
603 |
1,934 |
3,018 |
|
551,348 |
19,621 |
258,537 |
829,506 |
786,054 |
|
2022 |
2021 |
|
£ |
£ |
| Employeecosts: |
|
|
| Wagesand salaries |
6,789,411 |
6,353,730 |
| Social security costs |
562,899 |
525,812 |
| Pensioncosts |
151,013 |
144,665 |
|
7,503,323 |
7,024,207 |
|
2022 |
2022 |
|
2021 |
2021 |
|
|
Full-Time |
|
|
Full-Time |
|
Number |
Equivalent |
|
Number |
Equivalent |
| Charitableactivities |
289 |
215 |
|
292 |
234 |
| Expenditureon raisingfunds |
2 |
2 |
|
2 |
2 |
|
291 |
217 |
- |
294 |
236 |
|
2022 |
2021 |
|
£ |
£ |
| Aggregateemolumentsandfees |
147,000 |
145,000 |
| Net incomefortheyearis stated aftercharging: |
2022 |
|
2021 |
|
£ |
|
£ |
| Depreciationchargefortheyear |
206,549 |
|
224,558 |
| Impairment offurniture, equipmentand plant |
- |
|
89,935 |
| Auditors’ remuneration forauditservices |
23,940 |
|
26,200 |
| Operating lease rentalsfor land and buildings |
16,340 |
|
16,369 |
| Loss on disposal ofassets |
3,946 |
- |
|
| Tangibleassets, |
|
|
|
|
|
Freehold & |
Furniture |
|
|
|
long |
equipment |
|
|
|
leasehold |
and |
Motor |
|
|
buildings |
plant |
vehicles |
Total |
|
£ |
£ |
|
|
| Cost |
|
|
|
|
| At 1 April 2021 |
6,296,922 |
2,499,983 |
73,656 |
8,870,561 |
| Additions |
|
31,678 |
|
31,678 |
| Disposals |
- |
(13,152) |
|
(13,152) |
| At31 March 2022 |
6296,922 |
2,518,509 |
73,656 |
8,889,087 |
| Accumulated Depreciation |
|
|
|
|
| At 1 April 2021 |
1,983,559 |
1,635435 |
71,153 |
3,690,147 |
| Chargefortheyear |
97,500 |
106,904 |
2,145 |
206,549 |
| Eliminated in respectof |
- |
(9,206) |
- |
(9,206) |
| disposals |
|
|
|
|
| At 31 March 2022 |
2,081,059 |
1,733,133 |
73,298 |
3,887,490 |
| Netbook value |
|
|
|
|
| At 31 March 2022 |
4,215,863 |
785,376 |
358 |
5,001,597 |
| At 31 March2021 |
4,313,363 |
866,548 |
2,503 |
5,180,414 |
| Debtors |
|
|
|
2022 |
2021 |
| Tradedebtors |
330,727 |
400,224 |
| Otherdebtors |
928 |
1,580 |
| Prepayments and accrued income |
224,155 |
216,821 |
|
615,810 |
618,625 |
| 0Creditors: amountsfalling due with |
in oneyear |
|
|
2022 |
2021 |
|
|
£ |
| Trade creditors |
148,412 |
104,384 |
| Other creditors |
13,079 |
16,803 |
| Taxation and social security |
169,444 |
156,766 |
| Accwals and deferred income |
320,805 |
582972 |
|
651,740 |
860925 |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Deferred |
income |
275,000 |
300,000 |
|
|
275,000 |
300,000 |
|
Pension |
|
provision |
|
£ |
| At 1 April 2021 |
84,213 |
| Established during theyear |
- |
| Utilisedduring the year |
(11,004) |
| At 31 March 2021 |
73,209 |
|
|
2022 |
2021 |
|
|
£ |
£ |
| In lessthanone year |
|
9,600 |
14,808 |
| Between one and twoyears |
|
9,888 |
15,253 |
| Between Iwo and fiveyears |
|
30,554 |
43,087 |
| Inmorethan fiveyears |
|
23,167 |
11,065 |
|
. |
73,209 |
84,213 |
|
2022 |
2021 |
|
£ |
£ |
| Net income |
211,978 |
136,432 |
| Depreciation on tangiblefixed assets |
206,549 |
224,558 |
| Impairment on tangiblefixed assets |
|
89,935 |
| Losson disposal offixed assets |
3,946 |
|
| Decrease in deferred income |
(25,000) |
(25,000) |
| Decrease in provisions |
(11,004) |
(2,275) |
| Decrease indebtors |
2,815 |
2,205 |
| (Decrease)!increase in creditors |
(209,185) |
249,524 |
| Interestreceived |
(879) |
(4911) |
| Net cash provided by operating activities |
179,220 |
670,468 |
|
2022 |
2021 |
|
£ |
|
| Change in cash and cashequivalents in the reporting period |
148,421 |
665,951 |
| Movement in netfundsfortheyear |
148,421 |
665,951 |
| Netfunds at 1 April 2021 |
2,465,789 |
1,799,838 |
| Netfunds at 31 March 2022 |
2,614,210 |
2,465,789 |
| 6Analy |
sis ofnetcash resource |
s |
|
|
|
|
1 April |
|
31 March |
|
|
2021 |
Cashflow |
2022 |
|
|
£ |
£ |
£ |
| Cashat bankand in hand |
|
2,465,789 |
148,421 |
2,614210 |
| Netfunds |
—- |
2,465,789 |
148,421 |
2,614,210 |
| 7Statement offunds |
|
|
|
|
|
|
At 1 April |
|
|
|
At 31 March, |
|
2021 |
Income |
Expenditure |
Transfers |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Generalfunds |
750,000 |
9,668,257 |
(9,612,801) |
(5,456) |
800,000 |
| Designatedfunds |
|
|
|
|
|
| Charityassetsfund |
5,744,055 |
|
- |
5,456 |
5,749,511 |
| Total unrestrictedfunds |
6,494,055 |
9,668,257 |
(9,612,801) |
- |
6,549,511 |
| Restricted funds: |
|
|
|
|
|
| Alan ShearerFoundation |
525,635 |
492,091 |
(335,569) |
- |
682,157 |
| Total restrictedfunds |
525,635 |
492,091 |
(335,569) |
|
682,157 |
| Totalfunds |
7,019,690 |
10,160,348 |
(9,948,370) |
- |
7,231,668 |
| alysis ofnetassets betweenfunds |
|
|
|
|
|
Restricted |
Designated |
General |
|
|
funds |
funds |
funds |
Total |
|
£ |
£ |
£ |
£ |
| Fund balancesat 31 March 2022 are |
|
|
|
|
| represented by: |
|
|
|
|
| Fixed assets |
- |
5,001,597 |
- |
5,001,597 |
| Currentassets |
682,157 |
1,061,123 |
1,466,740 |
3,230,020 |
| Current liabilities |
|
- |
(651,740) |
(651,740) |
| Long term liabilitiesand provisions |
- |
(313,209) |
(35,000) |
(348,209) |
|
682,157 |
5,749,511 |
800,000 |
7,231,662 |