##
##
##
|Trustees|||Mrs A Edmondson|
|---|---|---|---|
||||Mr PJ Heath|
||||Mrs BPearce|
||||Miss S Edmondson|
||||Mrs C Hibbert|
|Charity|number||703194|
|Company||number|02516363|
|Registered||office|The Croft|
||||Hawcoat Lane|
||||Barrow in Furness|
||||Cumbria|
||||LA14 4HE|
|Auditor|||JLWinder 8 Co|
||||Suite 6|
||||Furness Gate|
||||Peter Green Way|
||||Barrow
in Furness|
||||Cumbria|
||||LA14 2PE|
|Bankers|||NatWest|
||||113Dalton Road|
||||Barrow in Furness|
||||Cumbria|
||||LA14 1WY|
||||Furness
Building Society|
||||51-55Duke Street|
||||Barrow
in Furness|
||||Cumbria|
||||LA14 1RT|
##
||||Page|
|---|---|---|---|
|Trustees'|report|||
|Statement|ofTrustees'|responsibilities||
|Independent
auditor's||report|6-9|
|Statement|offinancial|activities|10|
|Balance sheet||||
|Statement|ofcash flows||12|
|Notes to|the financial|statements|13-26|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2023|2022|
|||Notes|E|E|E|E|
|Income a
owments|from:||||||
|Donations
and legacies|||47,984||47,984|127,049|
|Charitable
activities|||2,394,343||2,394,343|2,123,485|
|Other trading
activities|||7,881||7,881|47,533|
|investments|||33,154||33,154|24,919|
|Other income|||3,408||3,408|4,056|
|Total Income and endowments|||2,486,770||2,486,770|2,327,042|
|Ex~ed'Igfe on:|||||||
|Raising funds|||43,222||43,222|88,636|
|Charitable
activities||9|2,446,395|6,343|2,452,738|2,264,735|
|Other||13|4,321||4,321|588|
|Total resources expended|||2,493,938|6,343|2,500,281|2,353,959|
|Net gains on investments||14|(95,089)||(95,089)|21,242|
|Net movement
in funds|||(102,257)|(6,343)|(108,600)|(5,675)|
|Fund balances
at 1 April 2022|||4,206,488|20,105|4,226,593|4,232,268|
|Fund balances at 31 March 2023|||4,104,231|13,762|4,117,993|4,226,593|
##
##
##
||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|6||6||
|Fixed assets|||||||
|Tangible assets||16||1,909,975||1,947,050|
|investments||17||1,883,860||1,971,095|
|||||3,793,835||3,918,145|
|Current assets|||||||
|Stocks||19|6,725||7,093||
|Debtors||18|99,856||80,646||
|Cash at bank and in|hand||376,862||391,897||
||||483,443||479,636||
|Creditors: amounts|falling due within|20|||||
|one year|||(159,285)||(171,188)||
|Net current assets||||324,158||308,448|
|Total assets less current liabilities||||4,117,993||4,226,593|
|Income funds|||||||
|Restricted funds||21||13,762||20,105|
|mUr~efigtgtLf~s|||||||
|General
unrestricted|funds|23|4,104,231||4,206,488||
|||||4,104,231||4,206,488|
|||||4,117,993||4,226,593|
##
##
##
|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||f||
|Cash flows from operating|||activities|||||||
|Cash generated
from operations|||||26||12,535||109,642|
|Investing|activities|||||||||
|Purchase|oftangible
fixed|assets||||(53,400)||(34,373)||
|Proceeds|from disposal of|tangible||fixed||||||
|assets||||||530||||
|Purchase|of investments|||||(2,039,248)||(180,994)||
|Proceeds|from disposal of|investments||||2,031,394||229,548||
|Investment|income received|||||33,154||24,919||
|Net cash|(used in)/generated||from|||||||
|investing|activities||||||(27,570)||39,100|
|Net cash|used in financing||activities|||||||
|Net (decrease)/increase||in|cash|and cash||||||
|equivalents|||||||(15,035)||148,742|
|Cash and|cash equivalents|at beginning|||ofyear||391,897||243,155|
|Cash and|cash equivalents||at end of||year||376,862||391,897|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|5|Other tra|ding
activities|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
|||||8|
||Shop income||7,881|47,533|
|6|Investments||||
||||Unrestricted|Total|
||||funds||
||||2023|2022|
|||||F|
||Rental income||8,122|6,984|
||Dividends|received|22,903|17,517|
||Interest receivable||2,129|418|
||||33,154|24,919|
|7|Other income||||
||||2023|2022|
||Income from staff meals||195|133|
||Minibus|income|1,276|1,157|
||Misc income||1,937|2,766|
||||3,408|4,056|
##
##
##
##
|||||Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|
|||||2023|2023|2023|2022|
|||||8|8|8|E|
|T~Ch||||||||
|Operating|charity shop|||12,846||12,846|48,891|
|Staff costs||||11,719||11,719|19,067|
|Trading costs||||24,565||24,565|67,958|
|Inves men|ma|emen||||||
|Investment|management||fees|15,050||15,050|16,071|
|Rental property||costs||3,607||3,607|4,607|
|||||18,657||18,657|20,678|
|||||43,222||43,222|88,636|
##
##
##
|Charitable
activities|||||
|---|---|---|---|---|
||||2023|2022|
||||5|5|
|Staff costs|||1,886,481|1,759,823|
|Depreciation
and impairment
Provisions|||85,624
95,829|86,891
85,576|
|Hygiene
and surgical
supplies
Rates and water|||13,250
30,838|15,641
15,837|
|Fuel and light
Insurance|||65,359
30,287|57,589
25,792|
|Telephone
Cleaning
and laundry
Waste disposal
Equipment
maintenance
Property maintenance
Garden maintenance|||2,033
27,903
13,989
29,007
19,352
330|1,896
20,806
13,498
23,134
11,908
725|
|Repairs and renewals
-
Residents'
welfare and|general
DIY
entertainment||42,621
1,372|48,996
3,058|
|TV licence fees and sundries|||3,127|859|
|Recruitment
and training|costs||18,154|12,485|
|Staff overalls
and expenses
Motor expenses
Registration fees
Office costs|||16,066
3,404
9,247
43,502|19,032
4,899
9,801
29,724|
|Bank charges
Payroll fees
Legal and professional
Accountancy
and audit|fees
fees||2,053
5,073
360
7,477|2, 126
4,745
2,874
7,020|
||||2,452,738|2,264,735|
|Analysis
by fund
Unrestricted
funds|||2,446,395||
|Restricted funds|||6,343||
||||2,452,738||
|For the year ended 31 March
Unrestricted
funds||2022||2,161,458|
|Restricted funds||||103,277|
|||||2,264,735|
##
##
##
|11|Auditor's
remuneration|Auditor's
remuneration|Auditor's
remuneration|Auditor's
remuneration|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The analysis||ofauditor's||remuneration|||is as follows:|||||
||||||||||||2023|2022|
|||||||||||||E|
||Audit ofthe|annual
accounts|||||||||6,000|5,700|
||Non-audit
services||||||||||||
||All other non-audit
services||||||||||1,440|1,260|
|12|Employees||||||||||||
||Number of|employees|||||||||||
||The average||monthly|number|||of employees||during the year was:||||
||||||||||||2023|2022|
||||||||||||Number|Number|
||Residential|care|||||||||78|71|
||Management||and administration||||||||3|3|
||Charity shop||||||||||1|3|
||||||||||||82|74|
||Employment||costs||||||||2023|2022|
||||||||||||E|E|
||Wages and||salaries||||||||1,706,581|1,616,582|
||Social security costs||||||||||132,530|103,361|
||Other pension costs||||||||||59,089|56,735|
||||||||||||1,898,200|1,776,678|
||The full time||equivalent||staff||number|is 68|(2022- 65).||||
||The number||of employees|||whose annual|||remuneration|was E60,000 or more|||
||were:||||||||||||
||||||||||||2023|2022|
||||||||||||Number|Number|
||E60,000to|E69,999|||||||||1|1|
##
##
##
|Other||||
|---|---|---|---|
|||2023|2022|
|Net loss on disposal oftangible|fixed assets|4,321||
|Interest on PAYE|||588|
|||4,321|588|
##
|Net gains/(|loss|es)
on investments|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds||
||||2023|2022|
||||8|6|
|Revaluation|of|investments|(248,630)|(7,595)|
|Gain/(loss)|on|sale of investments|153,541|28,837|
||||(95,089)|21,242|
##
##
##
|16|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Land and|Fixtures, Motor vehicles|||Total|
|||||buildings|fittings|8|||
||||||equipment||||
|||||||E|E||
||Cost||||||||
||At 1 April 2022|||2,768,709|376,830||32,414|3,177,953|
||Additions|||19,600|15,311||18,489|53,400|
||Disposals||||(11,628)||(2,495)|(14,123)|
||At 31 March|2023||2,788,309|380,513||48,408|3,217,230|
||Depreciation|and impairment|||||||
||At 1 April 2022|||907,350|291,513||32,040|1,230,903|
||Depreciation|charged|in the year|55,474|29,625||525|85,624|
||Eliminated
in|respect|of disposals||(7,151)||(2,121)|(9,272)|
||At 31 March|2023||962,824|313,987||30,444|1,307,255|
||Carrying
amount
At 31 March 2023|||1,825,485|66,526||17,964|1,909,975|
||At 31 March|2022||1,861,359|85,317||374|1,947,050|
|17|Fixed asset|investments|||||||
||||||||2023|2022|
||||||||E|E|
||Investments||||||1,883,860|1,971,095|
||Movements|in fixed|asset investments||||||
|||||||||Shares|
|||||||||E|
||Cost or valuation||||||||
||At 31 March|2023||||||1,971,095|
||Additions|||||||2,039,248|
||Valuation
changes|||||||(248,630)|
||Disposals|||||||(1,877,853)|
||At 31 March|2023||||||1,883,860|
||Carrying
amount
At 31 March 2023|||||||1,883,860|
||At 31 March|2022||||||1,971,095|
##
##
##
|18|Debtors||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Amounts
falling due||within one year:||E|E|
||Trade debtors||||9,167|586|
||Other debtors|||||940|
||Prepayments|and accrued income|||90,689|79,120|
||||||99,856|80,646|
|19|Stocks||||2023|2022|
||||||E|E|
||Stock||||6,725|7,093|
|20|Creditors: amounts||falling due within one year||||
||||||2023|2022|
||||||E|E|
||Other taxation|and social security|||29,662|27,981|
||Payments
received on|||account|41,834|38,210|
||Trade creditors||||19,711|11,661|
||Other creditors||||37,377|67,453|
||Accruals and|deferred||income|30,701|25,883|
||||||159,285|171,188|
##
|||Movement
in funds|Movement
in funds|||||||
|---|---|---|---|---|---|---|---|---|---|
||Balance at
1 April 2021|Incoming
resources|Resources
expended|Transfe|rs|Balance at
1 April 2022|Resources
expended|31|Balance at
March 2023|
||E|E|E||E|E|||E|
|COVID-19||||||||||
|support
grants||112,475|(101,661)|(592)||10,222|(4,697)||5,525|
|Morrisons||||||||||
|garden
grant|1,115|||||1,115|||1,115|
|Restricted||||||||||
|fixed assets|9,792||(1,616)|592||8,768|(1,646)||7,122|
||10,907|112,475|(103,277)|||20,105|(6,343)||13,762|
##
##
|22|Analysis|of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds||funds|funds||
|||||2023|2023|2023|2022|2022|2022|
|||||E|E|E|E|E|E|
||Fund balances at 31|||||||||
||March 2023||are|||||||
||represented||by:|||||||
||Tangible|assets||1,902,853|7,122|1,909,975|1,938,282|8,768|1,947,050|
||Investments|||1,883,860||1,883,860|1,971,095||1,971,095|
||Current|assets/(liabilities)||317,518|6,640|324,158|297,111|11,337|308,448|
|||||4,104,231|13,762|4,117,993|4,206,488|20,105|4,226,593|
##
||||II/lovement|in funds|||
|---|---|---|---|---|---|---|
||Balance at 1|Increase|Decrease|Transfers|Revaluations,|Balance at 31|
||April 2022||||gains and
losses|March 2023|
||||E|E|E|E|
|General|374,034|2,486,770|(2,493,938)|28,020||394,886|
|Security|1,971,095|||7,854|(95,089)|1,883,860|
|Property|1,861,359|||(35,874)||1,825,485|
||4,206,488|2,486,770|(2,493,938)||(95,089)|4, 104,231|
##
##
##
|24|Operating|lease commitments|lease commitments|lease commitments|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||At the reporting||end date|the Charity had|outstanding|commitments|for future|minimum|lease payments|under|
||non-cancellable||operating|leases, which|fall due as|follows;|||||
||||||||||2023|2022|
||||||||||E|E|
||Between|two and five years|||||||11,519|16,121|
##
|Remuneration
of|key management|personnel||
|---|---|---|---|
|The remuneration|of key management|personnel|is as follows.|
|The remun|eration
of key management
personnel
is as|follows.||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Aggregate|compensation|217,618|217,231|
##
##
|26|Cash generated
from operations||||2023|2022
6|
|---|---|---|---|---|---|---|
||Deficit for the year||||(108,600)|(5,675)|
||Adjustments
for:||||||
||Investment
income recognised
in statement||offinancial|activities|(33,154)|(24,919)|
||Loss on disposal
oftangible fixed assets||||4,321||
||Gain on disposal of investments
Fair value gains and losses on investments
Depreciation
and impairment
oftangible
fixed assets||||(153,541)
248,630
85,624|(28,837)
7,595
86,891|
||Movements
in working
capital:||||||
||Decrease
in stocks||||368|4,472|
||(Increase)/decrease
in debtors
(Decrease)/increase
in creditors||||(19,210)
(11,903)|1,455
68,660|
||Cash generated
from operations||||12,535|109,642|
|27|Analysis ofchanges
in net funds||||||
||The Charity
had no debt during the year.||||||