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|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|
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|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)|
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|||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|
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||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|
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||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|
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||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|
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|Freehold land|0|
|---|---|
|Furniture, equipmentand plant|5-33|
|Motorvehicles|20|
|Assets inthe course ofconstruction|0|
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|||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|
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||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|
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|||||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|
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||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|
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||2022|2021|
|---|---|---|
||£|£|
|Aggregateemolumentsandfees|147,000|145,000|
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|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|-||
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|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|
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|Debtors|||
|---|---|---|
||2022|2021|
|Tradedebtors|330,727|400,224|
|Otherdebtors|928|1,580|
|Prepayments and accrued income|224,155|216,821|
||615,810|618,625|
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|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|
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|||2022|2021|
|---|---|---|---|
|||£|£|
|Deferred|income|275,000|300,000|
|||275,000|300,000|
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||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|
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||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|
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||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|
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|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|
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|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|
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|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|
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