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|Sta|tem|ent
o|f Finan|cial Activitie
for the|s
(incorpor
Year Ended|ating
an inco
31stMarch|me &Expen
2022|diture
Acc|ount)|
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|||2021|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Notes|funds|funds|funds|funds|funds|funds|
|||||E||E|E|E||
|Income and||||||||||
|endowments|from|||||||||
|Donations
and|legacies|||150||150|92||92|
|Investment
income||||4,664||4,664|10,327||10,327|
|Charitable
activities||||||||||
|Received from|people we|||||||||
|support||||280,955||280,955|2,092,876||2,092,876|
|Local government||grants|||19,941,806|19,941,808||15,317,065|15,317,065|
|SPG and other||||||||||
|allowances|||||927,706|927,706||1,065,082|1,065,082|
|Training
and other||||||||||
|income||||1,020,708||1,020,708|993,445||993,445|
|Total||||1,306,477|20,869,514|22,175,991|3,096,740|16,382,147|19,478,887|
|Expenditure
on||||||||||
|Charitable
activities||||||||||
|Direct charitable||||||||||
|expenditure||||388,468|21,740,415|22,128,883|358,615|19,029,313|19,387,928|
|Net incomel||||||||||
|(expenditure)|before|||||||||
|transfers||||918,009|(870,901)|47,108|2,738,125|(2,647,166)|90,959|
|Transfers
between||funds|18|49,099|(49,099)||(3,047,166)|3,047,166||
|Net incomel||||||||||
|(expenditure)
before
other recognised
gains||||967,108|(920,000)|47,108|(309,041)|400,000|90,959|
|and losses||||||||||
|Net actuarial||||||||||
|gains/fosses)
benefit pension|on defined
scheme.||22||920,000|920,000||(400,000)|(400,000)|
|Net movement|in|funds||967,108||967,108|(309,041)||(309,041)|
|Reconciliation|of|funds||||||||
|Total funds brought
forward||||3,729,846||3,729,846|4,038,867||4,038,887|
|Total funds carried
forward||||4,696,954||4,696,954|3,729,846||3,729,846|
##
##
#
##
##
||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities|||||||
|Cash generated
from operations|||||4|2,013,415|2,294,856|
|Net cash provided
by (used in) operating|||activities|||2,013,415|2,294,856|
|Cash flows from investing
activities||||||||
|Purchase
oftangible
fixed assets||||||(246,493)|(75,550)|
|Sale oftangible
fixed assets||||||||
|Interest received||||||4,664|10,327|
|Interest paid||||||(3,194)|(13,101)|
|Net cash provided
by (used|in) Investing||activities|||(245,023)|(78,324)|
|Cash flows from financing|activities|||||||
|Loan repayment
in year||||||(2,277)|(2,277)|
|Net cash provided
by (used|in) financing||activities|||(2,277)|(2,277)|
|Change
in cash and cash equivalents||in|the|reporting|period|1,766,115|2,214,255|
|Cash and cash equivalents|at the beginning|||ofthe reporting||||
|period||||||7,103,316|4,889,061|
|Cash and cash equivalents|at the end|of|the|reporting|period|6,705,972|7,103,316|
||9(3)OO
TOGETHER RESPECTFUL RESPONSIBLE EMPOWERING
COURAGEOUS|||||||
##
##
##
##
##
||||||2022|||2021|
|---|---|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Funds|Finds|Funds|Funds|Finds|Funds|
|Fixed Assets|||||||||
|Tangible||12|643,743||643,743|515,132||515,132|
|Assets|||||||||
||||643,743||643,743|515,132||515,132|
|Current|||||||||
|Assets|||||||||
|Debtors||13||1,948,674|1,948,674||1,275,806|1,275,806|
|Cash at Bank|||4053211|2652 761|6 705972|3214714|3888602|7 103316|
||||4,053,211|4,601,435|8,654,646|3,214,714|5,164,408|8,379,122|
|Creditom|||||||||
|Amounts||14||(3,781,435)|(3,781,435)||(3,474,408)|(3,474,408)|
|falling due|||||||||
|within one|||||||||
|)tear|||||||||
|Net Current|||4,053,211|820,000|4,873,211|3,214,714|1,690,000|4,904,714|
|Assets|||||||||
|Total Assets|||4,696,954|820,000|5,516,954|3,729,846|1,690,000|5,419,846|
|Less Current|||||||||
|Liabilities|||||||||
|Creditors|||||||||
|Amounts|due|15|||||||
|alter mors|||||||||
|than one|year||||||||
|Provision|for|17||(820,000)|(820,000)||(1,690,000)|(1,690,000)|
|Liabilities|||||||||
|Net Assets|||4,696,954||4,696,954|3,729,846||3,729,846|
|Unrestricted||18|4,696,954||4,698,954|3,729,846||3,729,846|
|Funds|||||||||
|Restricted|||||||||
|Funds|||||||||
|Profit
/Loss|||||||||
|Total Funds|||4,696,954|0|4,698,954|3,729,846||3,729,846|
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##
|||||Actual E|Actual E|
|---|---|---|---|---|---|
|||||2022|2021|
|2 - Donations
and Legacies||||150|92|
|3 - Investment
Income||||4,664|10,327|
|4 - Reconciliation
of|net|||||
|income/(expenditure)|to|net|cash flow from|||
|operating
activities||||||
|Net income/(expenditure)||for the reporting||47,108|90,959|
|period (as per the statement|||offinancial|||
|activities)||||||
|Adjustments
for.||||||
|Depreciation
charges||||117,882|80,533|
|Interest received||||(4,664)|(10,327)|
|Interest paid||||3,194|13,101|
|Decrease
/ (Increase)|in provisions|||870,000|30,000|
|Dehcit / (Surplus)
on sales||offixed assets||||
|Increase
/ (Decrease)|in debtors|||672,868|(508,756)|
|Decrease
/ (Increase)|in creditors|||307,027|(1,581,834)|
|Net cash provided
by (used|||In) operating|2,013,415|2,294,856|
|activities||||||
##
##
##
||||Actual E|Actual f|
|---|---|---|---|---|
||||2022|2021|
|5 - Income from Charitable||Activities|||
|Local Authority|Care Fund||15,150,187|12,979,481|
|Health Care Funding|||2,372,037|2,140,057|
|Rents - HB|||2,419,584|2,092,477|
|Supporting
People Grant|||927,706|1,065,082|
|Recharges|||11,549|399|
|Fairer charging|||269,406|197,527|
|Independent
Living Fund|||||
|Grant Funding|||173,856||
|Other Funding|||846,852|993,445|
||||22,171,177|19,468,468|
|6 - Charitable|activities costs||||
|Charitable
activities costs|||22,128,883|19,387,928|
|7 - Direct costs ofcharitable||activities|||
|Staff costs|||16,286,525|14,197,954|
|Travel and car|expenses||35,948|20,823|
|Accommodation|Costs||1,941,308|1,849,054|
|Bad debts and|provisions||(26,728)|36,506|
|Depreciation|||768|33,064|
|Loss on sale ofassets|||||
|Apportionment|ofcosts||3,502,594|2,891,912|
||||21,740,415|19,029,313|
##
##
##
##
##
||||Actual E|Actual 6|
|---|---|---|---|---|
||||2022|2021|
|8 - Support Costs|||||
|Management|||||
|Wages|||2,454,426|2,068,353|
|Administration|expenses||947,624|777,751|
|Establishment|costs||275,999|246,339|
|Depreciation|of tangible|and heritage assets|117,114|68,021|
|Apportionment|ofcost||(3,502,594)|(2,891,912)|
||||292,570|268,552|
|Governance|costs||||
|Wages|||71,290|65,903|
|Auditors'
remuneration|||13,080|14,160|
|Administration|||11,529|10,000|
||||95,898|90,063|
|9- Net (income)/expenditure|||||
|Net income (expenditure)||is stated after|||
|charging/(crediting):|||||
|Auditors'
remuneration|||13,080|14,160|
|Depreciation|- owned assets||128,700|101,085|
|Operating
leases|||||
|Surplus
on disposal offixed asset|||||
||||141,780|115,245|
##
##
##
##
||||||Actual f|Actual f|
|---|---|---|---|---|---|---|
||||||2022|2021|
|10 - Trustees'
renumeration|||and benefits||||
|No Trustees
received|any|remuneration||in 2022|||
|or2021.|||||||
|Trustee expenses
paid|during||the year||450|40|
|11 - Staff costs|||||||
|Wages and salaries|||||17,093,631|14,569,239|
|Social security costs|||||1,435,053|1,191,207|
|Pension costs|||||319,505|592,587|
|Provision
for redundancy|||||||
||||||18,848,189|18,353,033|
|Average
Number ofPersons|||Employed|during|751|708|
|the year|||||||
|Persons
Employed
at|End|of|Year (Permanent||746|734|
|and Casual)|||||||
|The number ofemployees||whose emoluments|||||
|amounted
to over f60,000||in|the year|were as|||
|follows:|||||||
||||||2022|2021|
|F100,001 to F110,000|||||||
|f90,001 to F100,000|||||||
|F80,001 to F90,000|||||||
|F70,001 to f80,000|||||||
|f60,001 to F70,000|||||||
##
##
##
##
|||||Actual f|Actual f|
|---|---|---|---|---|---|
||||Notes|2022|2021|
|12 - Tangible||Fixed Assets||||
|Leasehold|&|Freehold Properties||||
|Cost:||||||
|At 1st April||||550,000|550,000|
|Additions||||||
|Disposals||||||
|Depreciation:||||||
|At 1st April||||156,723|134,334|
|Charge for|Year|||22,392|22,389|
|Disposals||||||
|Net Book Value||||370,885|393,277|
|Improvements||to Property||||
|Cost:||||||
|At 1st April||||36,701|65,256|
|Additions||||222,169||
|Disposals|||||(28,555)|
|Depreciation:||||||
|At 1st April||||32,280|52,699|
|Charge for|Year|||11,701|8,137|
|Disposals|||||(28,555)|
|Net Book Value||||214,888|4,420|
|Project Furniture||||||
|Cost:||||||
|At 1st April||||10,205|8,221|
|Additions||||0|2,420|
|Disposals||||(1,209)|(436)|
|Depreciation:||||||
|At 1st April||||7,284|3,973|
|Charge for Year||||1,454|3,747|
|Disposals||||(1,209)|(436)|
|Net Book|Value|||1,466|2,920|
##
##
##
##
|31st|March 2022||mirtts|possibilities|
|---|---|---|---|---|
||||Actual 6|Actual E|
|||Notes|2022|2021|
|Furniture|||||
|Cost:|||||
|At 1st April|||30,513|30,513|
|Additions|||4,698||
|Disposals|||(22,341)||
|Depreciation:|||||
|At 1st April|||15,634|14,445|
|Charge for|Year||12,394|1,189|
|Disposals|||(22,341)||
|Net Book Value|||7,184|14,880|
|Computer|Equipment||||
|Cost:|||||
|At 1st April|||263,904|237,479|
|Additions|||19,625|73,130|
|Disposals|||(179,392)|(46,705)|
|Depreciation:|||||
|At 1stApril|||164,269|165,903|
|Charge for|Year||69,940|45,071|
|Dispossls|||(179,392)|(46,705)|
|Net Book|Value||49,320|99,635|
|Total|||||
|Cost:|||||
|At 1st April|||891,322|891,469|
|Additions|||246,493|75,550|
|Disposals|||(202,943)|(75,696)|
|Depreciation:|||||
|At 1st April|||376,190|371,353|
|Charge for Year|||117,882|80,533|
|Disposals|||(202,943)|(75,696)|
|Net Book|Value||643,743|515,132|
|At 31stMarch Current Year|||643,743|515,132|
|At 31stMarch Prior Year|||515,132|520,115|
##
##
##
##
#
|Statements
31st March||for the
2022|year|ended
rnius|possibilities|
|---|---|---|---|---|---|
|||||Actual E|Actual E|
||||Notes|2022|2021|
|13 - Debtors: amounts|falling due within||one year|||
|Debtors Ledger||||1,769,963|1,100,906|
|Prepayments
and Accrued||Income||178,711|174,900|
|||||1,948,674|1,275,806|
|14 - Creditors: amounts||falling due within one year||||
|Bank Loans and Overdrafts|||||2,277|
|Social Security and other||Taxes||357,891|274,329|
|Other Creditors||||1,218,213|1,591,026|
|Deferred
Income||||2,205,331|1,606,776|
|||||3,781,435|3,474,408|
|Deferred Income:||||||
|Deferred
Income Brought||Forward:||1,606,776|577,420|
|Amounts
Released to Income||||(1,606,776)|(577,420)|
|Amounts
Deferred
in the|Year|||2,205,331|1,606,776|
|15 - Creditors: amounts||due after more than one year||||
|Bank Loans||||||
|16 - Loans||||||
|An analysis of the maturity||of loans is||||
|listed below:||||||
|Amounts
falling due
in one year|||||2,277|
|Amounts
falling due
in more than one||||||
|year||||||
|17 - Provision for LiabUities||||||
|Pension
Provision||||820,000|1,690,000|
##
##
##
##
#
|||||Actual E|Actual f|
|---|---|---|---|---|---|
||||Notes|2022|2021|
|18 - Movement|in Funds|||||
|Unrestricted
Funds:||||||
|General
Fund||||2,886,344|3,297,664|
|Housing
Benefit|Reserve|||843,502|741,223|
|At 1st AprU||||3,729,846|4,038,887|
|General
Fund||||877,835|2,635,846|
|Housing
Benefit|Reserve|||40,174|102,279|
|Net Movement|in Reserves|||918,009|2,738,125|
|General
Fund||||49,099|(3,047,166)|
|Housing
Benefit|Reserve|||||
|Transfers
between||Funds||49,099|(3,047,166)|
|General
Fund||||3,813,278|2,886,344|
|Housing
Benefit|Reserve|||883,676|843,502|
|At 31stMarch||||4,696,954|3,729,846|
|Restricted
Funds:||||||
|Pension Reserve||||(1,690,000)|(1,260,000)|
|Leashold
Properties||||||
|Grant and SPG|Fund|||1,690,000|1,260,000|
|At 1stApril||||||
|Pension Reserve||||870,000|(430,000)|
|Leashold
Properties||||||
|Grant and SPG|Fund|||(820,901)|(2,617,166)|
|Net Movement|in Reserves|||49,099|(3,047,166)|
|Pension Reserve||||||
|Leashold
Properties||||||
|Grant and SPG|Fund|||(49,099)|3,047,166|
|Transfers
between||Funds||(49,099)|3,047,166|
|Pension Reserve||||(820,000)|(1,690,000)|
|Leashold
Properties||||||
|Grant and SPG|Fund|||820,000|1,690,000|
|At 31stMarch||||||
|Total Funds||||4,696,954|3,729,846|
##
##
##
#
||||||||Actual f||Actual f|
|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|2022||2021|
|Net Movement||in Funds,|||included|In above are as follows:||||
|Unrestricted
Funds||||||||||
|General|Funds||||||2,635,847||2,938,022|
|Housing|Benefit||||||102,278||158,718|
|Incoming|Resources||||||2,738,125||3,096,740|
|General|Funds||||||(1,758,012)||(302,175)|
|Housing|Benefit||||||(62,104)||(56,440)|
|Resources Expended|||||||(1,820,116)||(358,615)|
|General|Funds||||||877,835||2,635,847|
|Housing|Benefit||||||40,174||102,278|
|Movement
in Funds|||||||918,009||2,738,125|
|19 - Commitments|||under||Operating|Leases||||
|Office Equipment||||||||||
|Operating|lease|due|within||1 year||30,998||11,306|
|Operating|lease|due|within||2 and 5||15,096||42,526|
|years||||||||||
||||||||46,094||53,832|
|20 - Net|Debt ReconciUation||||||At Start|Cash|At End|
||||||||ofYear|Flows|ofYear|
|Cash|||||||7,103,316|(397,344)|6,705,972|
|Loans falling due within||||1|year||2,277|(2,277)||
##
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#
#
##
|PRINCIPAL FINANCIAL ASSUMPTIONS|PRINCIPAL FINANCIAL ASSUMPTIONS|PRINCIPAL FINANCIAL ASSUMPTIONS|( /o PER|ANNUM)|ANNUM)|31st|March 2022||31st March
2021|
|---|---|---|---|---|---|---|---|---|---|
|Discount rate|||||||2.7'/o||2.1'/o|
|DPI Inflation|||||||3.0'/o||2.7'/o|
|Rate of increase to pensions
in payment|||||||3.0'/o||2.7'/o|
|Pension accounts revaluation
rate|||||||3.0'/o||2.7'/o|
|Rate ofgeneral increase
in salaries|||||||4.0o/o||3.7'/o|
|MORTALITY ASSUMPTIONS||||||||||
|The mortality
assumptions
are based||on the recent||actual|mortality|experience|of members|within|the Fund and|
|allow for expected future
mortality|improvements.|||||||||
|POST RETIREMENT MORTALITY (RETIREMENT||||IN NORMAL||HEALTH)||||
|||||||31st|March 2022||31stMarch
2021|
|Males||||||||||
|Year of Birth base table||||||||||
|Rating to above base table (years)||||||||||
|Scaling to above base table rates||||||||||
|Improvements
to base table rates||||||||||
|Future
lifetime
from age 65 (aged 65||at accounting||date)|||22.10||22.30|
|Future
lifetime from age 65 (aged 45||at accounting||date)|||23.20||23.30|
|Females||||||||||
|Year of Birth base table||||||||||
|Rating to above base table (years)||||||||||
|Scaling to above base table rates||||||||||
|Improvements
to base table rates||||||||||
|Future
lifetime from age 65 (aged 65||at accounting||date)|||24.60||24.70|
|Future
lifetime from age 65 (aged 45||at accounting||date)|||26.00||26.10|
##
##
##
##
##
##
|||Estimated asset|Estimated asset|Estimated|
|---|---|---|---|---|
|||split|at 31 March|asset spUt at 31|
||||2022 (%)|March 2021 (%)|
|Equities|||67.5%|65.6%|
|Property|||6.9%|6.6%|
|Government|Bonds||9.2%|10.7%|
|Corporate|Bonds||8.4%|15.7%|
|Cash|||2.3%|1.4%|
|Multi asset|credit||5.7%|0.0%|
|Other|||0.0%|0.0%|
|Total|||100.0%|100.0%|
|RECONCILIATION
OF|RECONCILIATION
OF|FUNDED STATUS TO BALANCE SHEET|FUNDED STATUS TO BALANCE SHEET|Value at 31
March 2022|Value at 31
March 2021|
|---|---|---|---|---|---|
|||||FM's|EM's|
|Fair value ofassets||||5.70|5.12|
|Present value|offunded|liabilities||6.52|6.81|
|Pension asset|/ (liability)|||(0.82)|(1.69)|
|Unrecognised|asset due|to limit||||
|Pension asset/|(liability)|recognised|on the Balance Sheet|(0.82)|(1.69)|
##
##
##
#
|ANALYSIS OF THE|PROFIT AND LOSS CHARGE|PROFIT AND LOSS CHARGE|Period ending
31 March 2022|Period endIng
31 March 2021|
|---|---|---|---|---|
||||EM's|EM's|
|Current service cost|||0.11|0.09|
|Past service cost|||0.00|0.00|
|Interest cost|||0.03|0.03|
|Expected
return on assets|||||
|Curtailment
cost|||0.00|0.00|
|Settlement cost|||0.00|0.00|
|Expense recognised|||0.14|0.12|
|CHANGES TO THE|PRESENT VALUE|OF LIABILITIES DURING|Period ending|Period ending|
|THE ACCOUNTING|PERIOD||31 March 2022|31 March 2021|
||||fM's|EM's|
|Opening
present value of liabilities|||6.81|5.48|
|Current service cost|||0.11|0.09|
|Interest cost|||0.14|0.13|
|Contributions
to participants|||0.03|0.03|
|Actuarial
(gains) Ilosses on liabilities|||(0.49)|1.11|
|Net benefits
paid out|||(0.08)|(0.03)|
|Past service cost|||0.00|0.00|
|Net increase
in liabilities
from disposals||and acquisitions|0.00|0.00|
|Curtailments|||0.00|0.00|
|Settlements|||0.00|0.00|
|Closing present value of liabilities|||6,52|6.81|
##
##
##
##
|CHANGES TO THE FAIR VALUE|CHANGES TO THE FAIR VALUE|OFASSETS DURING THE|OFASSETS DURING THE|OFASSETS DURING THE|OFASSETS DURING THE|OFASSETS DURING THE|Period ending|Period ending|Period ending|
|---|---|---|---|---|---|---|---|---|---|
|ACCOUNTING
PERIOD|||||||31 March 2022|31 March|2021|
||||||||fM's||EM's|
|Opening
fair value ofassets|||||||5.12||4.22|
|Expected return
on assets|||||||0.11||0.10|
|Actuarial
gains/ (losses) on|assets||||||0.43||0.71|
|Contributions
by the employer|||||||0.09||0.09|
|Contributions
by participants|||||||0.03||0.03|
|Net benefits
paid out|||||||(0.08)||(0.03)|
|Net increase
in assets from|disposals||and||acquisitions||0.00||0.00|
|Settlements|||||||0.00||0.00|
|Closing fair value ofassets|||||||5.70||5.12|
|ACTUAL RETURN ON ASSETS|||||||Period ending
31 March 2022|Period ending
31 March 2021||
||||||||EM's||EM's|
|Expected return
on assets|||||||0.11||0.10|
|Actuarial
gains/ (losses) on|assets||||||0.43||0.71|
|Actual return
on assets|||||||0.54||0.81|
|ANALYSIS OF AMOUNTS|RECOGNISED|||||IN STRGL|Period ending
31 March 2022|Period ending
31 March 2021||
||||||||EM's||EM's|
|Total asset gains/ (losses) arising||during||the||period|0.43||0.71|
|Total liability
gains/ (losses)|arising|during|||the period||0.49||(1.11)|
|Total gains/ (losses) in STRGL|||||||0.92||(0.40)|
|HISTORY OF ASSETVALUES, PRESENT||||||VALUE OF LIABILITIES|Period ending|Period ending||
|AND SURPLUS/DEFICIT|||||||31 March 2022|31 March|2021|
||||||||EM's||EM's|
|Fair value ofassets|||||||5.70||5.12|
|Present value of liabilities|||||||6.52||6.81|
|Surplus/
(deficit)|||||||(0.82)||(1.69)|
|6||S||||0|O|||
|TOGETHER RESPECTFUL||||||RESPONSIBLE EMPOWERING|COURAGEOUS|Page 44 of44||