2023-03-31-accounts - Wirral Christian Centre Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Company	information
Trustees'	annual and strategic report		2to 5
Independent auditor's report			6 to 6b
Summary	income and expenditure	account
Statement	ofrecognised gains and	losses
Note ofhistorical cost gains and losses
Statement	offinancial activities
iincluding	income and expenditure	account)
Balance sheet
Statement	ofcash flows		10
Notes to	the financial statements		11to 22

Incorporated	in England	in England	Wales on 12	January	January	1987
Registered Number:		02088322
Registered	Charity Number:		700269
DIRECTORS			G Epton (Chairman)
			P Epton
			Dr A KAdegoke
			Dr0S Kehinde
			IJackson
			M James
REGISTERED OFFICE			Woodchurch	Road
			Birkenhead
			Wirrel
			Merseyside
			CH41 2UE
ACCOUNTANTS			Hailwood ttt	Co
			Chartered Accountants
			392-394Hoylake		Road
			Moreton
			Wirral
			CH46 6DF
AUDITORS			Michael Donnan		k.	Co Limited
			Chartered Accountants
			Registered Auditors
			Office 25
			Oaktree Court Business Centre
			Mill Lane
			Ness, Cheshire
			CH64 8TP
BANKERS			HSBC
			PO Box7
			52Hamilton	Street
			Birkenhead
			Wirral
			CH41 5AE
SOLICITORS			Lees &Partners
			44-45 Hamilton		Square
			Birkenhead
			Wirral
			CH41 5AR

									Note	2023	2022
Income										2,039,822	1,609,229
Net fair value (losses)/gains	on	investments							13
Interest and investment income									4	34,167	52,206
Gross income										2,073,989	1,661,435
Expenditure										1,812,898	1,586,758
Interest payable										30,107	25,971
Depreciation and impairment charges										50,757	48,055
Total expenditure										1,893,762	1,660,784
Net income/(expenditure)	(page 8)									180,227	651
STATEMENT OF				TOTAL RECOGNISED					GAINS AND LOSSES
			for	the	year		ended 31March 2023
										2023	2022
Net income/(expenditure)	(page 8)									180,227	651
Unrealised (loss) on revaluation		of	functional			properb/			12
Movement in reserves										180,227	651
NOTE		OF	HISTORICAL COST GAINS AND LOSSES
			for	the	year		ended 31March 2023
										2023	2022
											g
Reported surplus/(deficit)	on ordinary			activities						180,227	651
Difference between ahistorical		cost depreciation					charge and the		actual
depreciation charge ofthe	year	calculated			on	the	revalued	amount
Historical cost surplus/(deficit)		on	ordinary		activities					180,227	651

			Unrestricted	Restricted	Total Funds	Total Funds
		Note	Funds	Funds	2023	2022
Income and endowments	from:
Donations		2	1,860		1,860	675
Charitable activities		3	1,984,326		1,984,326	1,468,165
Investments		4	34,167		34,167	52,206
Other		5	18,140	35,496	53,636	140,389
Total income and endowments		18	2,038,493	35,496	2&073&989	1,661&435
Expenditure on:
Raising funds		6
Charitable activities		7	1,861,825	31,937	1,893,762	1,660,784
Total expenditure		18	1,861,825	31,937	1,893,762	1,660,784
Net fair value (losses)/gaias	on investment	13
Net income/(expenditure)			176,668	3,559	180,227	651
Transfer between funds			(3,192)	3,192
Other recognised gains/ (losses):
Unrealised (loss) on revaluation		12
offunctional property
Net movement in funds			173,476	6,751	180,227	651
Reconcgiatfon offunds:
Funds brought forward			1,635,947	20,401	1,656,348	1,655,697
Funds carried forward			1,809,423	27,152	1,836,575	1,656,348

		BALANCE SHEET	BALANCE SHEET
	As at31March 2023
		Note		2023		2022
				g
Fixed assets
Tangible assets		12		1,850,060		1,879,644
Investments		13		701,386		693,393
				2,551,446		2,573,037
Current assets
Debtors		14	62,566		40,201
Cash at bank	and in hand		602		1,132
			63,168		41,333
Creditors:
Amounts falling due within one year		15	(537,480)		(502,543)
Net current	liabilities			(474,312)		(461,210)
Total assets	less current liabilities			2,077,134		2,111,827
Creditors:
Amounts falling due after more than one year		16		(240,559)		(455,479)
Net assets				1,836,575		1,656,348
Charity Funds
Unrestricted	reserves:
Income and	expenditure	18		1,763,225		1,589,749
Revaluation	reserve	18		46,198		46,198
Restricted reserves		18		27,152		20,401
				1,836,575		1,656,348

			2023	2022
Reconciliation ofnet income/(expenditure) to net cash flow from		operating	activities
Net income/(expenditure) for the year (page 7)			180,227	651
Adjustments for:
Depreciation charges			50,757	48,055
Net fair value 1osses on investments
Interest and rents from investments			(34,167)	(52,206)
Interest payable			30,107	25,971
Loss/(profit) on disposal offixed assets
Decrease/(increase) in debtors			(22,365)	(3,396)
(Decrease)/increase in creditors			4,118	26,745
Net cash flow from operating activities			208,677	45,820
Net cash flow from operating activities:			208,677	45,820
Cash flow from investing activities:
Payments to purchase property, plant and equipment			(21,949)	(28,012)
Payments to purchase other assets
(Payments)/receipts on investments			(7,993)	(5,335)
Rents received from investment properties			34,167	52,206
(Expenses)/proceeds on the sale ofother fixed assets			776
Net cash flow from investing activities:			5,001	18,859
Cash flow from flnancing activities
Receipts from issue ofborrowiug
Interest paid			(30,107)	(25,971)
Repayments ofborrowing			(195,595)	(189,800)
Net cash flow from financing activities			(225,702)	(215,771)
Net increase/(decrease) iu cash and cash equivalents			(12,024)	(151,092)
Cash and cash equivalents atIApril			(115,732)	35,360
Cash and cash equivalents at 31March			(127,756)	(115,732)
Cash and cash equivalents consist of:
Cash at bank aud in hand			602	1,132
Overdrafts included creditors falling due within	one year (note 15)		(128,358)	(1'16,864)
Cash at bank and in hand less overdrafts			(127,756)	(115,732)

			Unrestricted	Restricted	Total
2	Income from donations		Funds	Funds	2023	2022
			g
	Donations		1,860		1,860	675
			1,860		1,860	675
			Unrestricted	Restricted	Total
3	Charitable	activities	Funds	Funds	2023	2022
	Residents'	fees and respite	1,033,011		1,033,011	674,643
	Nursery fees		951,315		951,315	793,522
			1,984,326		1,984,326	1,468,165

							for the y	ear ended 31March	ear ended 31March	2023
								Unrestricted		Restricted	Total
4	Investment		income						Funds	Funds	2023	2022
	Investment	property rentals							34,167		34,167	52,205
	Bank interest											1
									34,167		34,167	52,206
	The investment			property			income is wholly	generated	from assets	in the UK.
								Unruartcted		Restricted	Total
									Funds	Funds	2023	2022
5	Other
	Funding									35,496	35,496	46,720
	Other								18,140		18,140	14,314
	Covid funding											79,355
									18,140	35,496	53,636	140,389
								Unrestricted		Resnicted	Total
6	Raising funds								Funds	Funds	2023	2022
										g
	Professional		fees
								Unrestricted		Restricted	Total
7	Charitable		activities						Funds	Funds	2023	2022
									g
	Salaries/agency				—Caring		and support	1,263,664		26,306	1,289,970	1,105,789
	Establishment			costs				222,314		5,631	227,945	209,051
	Travel and motor				expenses				14,858		14,858	14,171
	Repairs and		maintenance						50,717		50,717	53,767
	Depreciation		on		owned	assets			50,757		50,757	48,055
	Loss on disposal				ofassets				376		376
	Bad debts								(305)		(305)	(378)
	Salaries - Management					and administration		112,171			112,171	109,981
	Consultancy		fees and expenses						26,075		26,075	13,414
	Office costs								26,350		26,350	24,248
	Waste disposal								12,074		12,074	10,738
	Donations								6,000		6,000	5,500
	Staff training		and uniforms						8,590		8,590	4,023
	Bank charges								8,694		8,694	3,411
	Governance		costs (note			8)			29,383		29,383	33,043
	Interest payable				(note 9)				30,107		30,107	25,971
								1,861,825		31,937	1,893,762	1,660,784

						Unrestricted	Restricted	Total
8	Governance costs					Funds	Funds	2023	2022
						f.	g
	Legal and professional		fees			8,542		8,542	8,793
	Accountants' fees					7,995		7,995	13,231
	Accountants' fees - previous			year		164		164	(758)
	Auditors'	remuneration				8,786		8,786	7,900
	Auditors'	remuneration	- previous		year	200		200	80
	Finance	arrangement	and other fees			1,824		1,824	1,925
	Life insurance on loans					1,872		1,872	1,872
						29,383		29,383	33,043
						Unrestricted	Restricted	Total
9	Interest	payable				Funds	Funds	2023	2022
									0
	Interest	on loans trom	HSBC			28,784		28,784	23,939
	Interest	on other loans	and finance			1,323		1,323	1,712
	Interest	on HM Revenue late		payments					320
						30,107		30,107	25,971

Salary costs							2023		2022
Salary costs and number		ofpersons		employe		No		No
under contract analysed		by department			were as follows;
Carers staff						93	1,048,441	77	882,363
Bank staff						n/a	44,567	n/a	29,108
Support staff						29	196,962	18	194,318
Administration staff						4	112,171	5	109,981
						126	1,402,141	100	1,215,770
Full time equivalent	employee		numbers			65		60
							2023		2022
Staff costs for the above		persons
Wages and salaries							1,304,896		1,137,530
Social security costs							75,252		59,190
Pension costs							21,993		19,050
							1,402,141		1,215,770

Net income/(expenditure)	2023	2022
This is stated after charging:	f.
Depreciation	50,757	48,055
Net fair value losses on investments
Loss on disposal ofassets	376
Auditors remuneration —audit	8,786	7,900
Operating lease rentals	17,981	17,981

	for the	year ended 31Marc	h 2023
				Fixtures,
		Land	Motor	Fittings and
		gr Buildings	Vehicles	Equipment	Total
Tangible fixed assets
Cost or valuation
1 April 2022		1,998,299	44,565	8,627	2,051,491
Additions		8,205	6,345	7,399	21,949
Revaluation adjustment	(note 22)
Disposals			(7,749)		(7,749)
31March 2023		2,006,504	43,161	16,026	2,065,691
Depreciation
1April 2022		130,019	40,103	1,725	171,847
Eluninated on revaluation	(note 22)
Charge for year		45,390	2,507	2,860	50,757
Disposals			(6,973)		(6,973)
31March 2023		175,409	35,637	4,585	215,631
Net book amount
31March 2023		1,831,095	7,524	11,441	1,850,060
31March 2022		1,868,280	4,462	6,902	1,879,644

Fixed asset investments	Fixed asset investments			2023	2022
					g
Investment	property
Valuation	as at 1 April			693,393	688,058
Additions	—transfer market	value irom	Fixed Assets
Additions	- other			7,993	5,335
Disposals
Fair value	adjustment to investments
Valuation	as at 31March			701,386	693,393
Historical	cost ofinvestment	property	as at 31March	1,641,136	1,633,143

Debtors	2023	2022
Trade debtors	56,165	32,697
Other debtors	2,394	2,786
Prepayments	4,007	4,718
	62,566	40,201


15	Creditors: amounts	falling due	2023	2022
	within one year
	Bank overdrafts		128,358	116,864
	Trade creditors		33,601	27,315
	Other taxation and social security		44,527	35,681
	Other creditors and accruals		——110,618-—	122-,799-
	Bank and other loans		215,100	195,775
	Net wages and pension		5,276	4,109
			537,480	502,543
16	Creditors: amounts	falling due	2023	2022
	after more than one	year
	Bank, other loans and	finance	240,559	455,479

finance are repayable	in instatments	2023	2022
In one year or less		215,100	195,775
Between one and two	years	59,714	205,326
Between two and five years		134,153	141,907
In five years or more		46,692	108,246
		455,659	651,254

Operating lease commitments	Operating lease commitments			2023	2022
The Trust has the following	annual	commitments	falling due as shown:
In one year or less				8,184	10,462
Between two snd five years				17,484	9,319
More than five years
				25,668	19,781


Commitments		2023	2022
Commitments	at 1 April 2022	9,000	30,000
Increase in commitment
Other expenditure during the year		(954)	(21,000)
Commitments	at 31March 2023	8,046	9,000
Commitments	due within one year
Commitments	due more than one year	8,046	9,000
			9,000