##
##
##
##
||||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|and|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|
|11|Net income/(expenditure)|for the year|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|
##
|14|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|
|All|loans|and|finance are repayable|in instatments|due as follows:|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|
##
##
##
##
##
##