2023-03-31-accounts - Cherry Trees

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				Page
Company	Information			1 to 2
Chairman's	Report
Report of	the Directors			4 to 11
Report of	the Independent		Auditors	12to 14
Statement	of Financial	Activities		15
Statement	of Financial	Position		16to 17
Statement	of Cash Flows			18
Notes to the Financial		Statements		19to 26

			for	the Year En	ded 31 March 2023
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	E	E	E
					2023	2023	2023	2022
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2a	339,890	290,901	630,791	418,821
Charitable activities				2b	147,580		147,580	90,627
Service level agreements					742,002		742,002	739,307
Other income					19,690		19,690	27,639
Investment income					61,584		61,584	55,757
Total					1,310,746	290,901	1,601,647	1,332,151
EXPENDITURE ON
Charitable activities					1,173,386	289,166	1,462,552	1,341,083
Support expenditure					86,687		86,687	79,418
Total					1,260,073	289,166	1,549,239	1,420,501
NET INCOMING RESOURCES		BEFORE			50,673	1,735	52,408	(88,350)
INVESTMENT GAINS/(LOSSES)
Net (losses)/gains on investments					(254,750)		(254,750)	98,399
Net (outgoing)/incoming	resources				(204,077)	1,735	(202,342)	10,049
Transfers between funds
Net movement in funds					(204,077)	1,735	(202,342)	10,049
Total funds brought forward		1	April		4,655,903	151,471	4,807,374	4,797,325
TOTAL FUNDS CARRIED	FORWARD				4,451,826	153,206	4,605,032	4,807,374

	Statement of Financial	Statement of Financial	Position
		At 31 March 2023
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E	E		F
		2023	2023	2023	2022
FIXED ASSETS
Investments	11	2,501,559	12,732	2,514,291	2,723,421
Tangible fixed assets	12	1,731,677	140,474	1,872,151	1,918,981
		4,233,236	153,206	4,386,442	4,642,402
CURRENT ASSETS
Inventories		164		164	600
Debtors	13	155,992		155,992	157,072
Cash at bank		154,713		154,713	135,451
		310,869		310,869	293,123
CREDITORS
Amounts falling due within one	14	92,279		92,279	128,151
year
NET CURRENT ASSETS		218,590		218,590	164,972
TOTAL ASSETS LESSCURRENT		4,451,826	153,206	4,605,032	4,807,374
LIABILITIES
FUNDS	15
Unrestricted funds				4,451,826	4,655,903
Restricted funds				153,206	151,471
TOTAL FUNDS				4,605,032	4,807,374

					Statement of Cash Flows	Statement of Cash Flows
				for the Year Ended		31 March 2023
							2023		2022
							E		E
Cash flows from operating	activities:
Net (outgoing) / incoming for the			year				(202,342)		10,049
Depreciation of tangible assets							86,970		92,062
Revaluation of investments							202,203		(60,814)
Loss on disposal of fixed assets							1,961		5,093
Loss / (profit) on disposal of	investments						52,546		(37,586}
Investment income received							(61,584)		(55,757)
Decrease / (increase) in receivables							1,080		(54,035)
Decrease / (increase) in inventories							436		(190)
(Decrease) / increase in amounts			payable				(35,872)		13,965
Net cash flow from operating		activities					45,398		~67,21 3)
Gash flows from investing	activities:
Proceeds from sale of investments				and			382,893		617,318
tangible fixed assets
Purchase of tangible fixed assets							(42,101)		(146,312)
Purchase of investments							(418,749}		(408,340)
Investment income received							61,584		55,757
Net cash (used in)/provided	by investing				activities		~16,373)		118,423
Net increase in cash and cash		equivalents					29,025		31,210
Cash and cash equivalents	at	the		beginning
ofthe reporting period							453,544		422,334
Cash and cash equivalents	at	the		end	ofthe reporting	period	482,569		453,544
Analysis ofcash and cash	equivalents				and of net debt
								Other	At 31
						At 1 April	Cash	non-cash	March
						2022	Flows	changes	2023
							E.	E	E
Cash on deposit with investment			fund			318,093	9,763		327,856
managers
Cash at bank and in hand						135,451	19,262		154,713
Total cash and cash equivalents						453,544	29,025		482,569

on a basis consistent with the use of resource	on a basis consistent with the use of resource	s.
Capitalisation and depreciation oftangible		fixed assets
All tangible fixed assets	are included at cost. Items offixtures, fittings and equipment			with a cost ofless
than F100are not capitalised. An impairment		review is carried out annually.
Depreciation has been	provided as follows:
Freehold land	—not depreciated
Freehold buildings	—2% per annum, on a straight line		basis
Building improvements	—5%-20% per annum,	on a straight	line basis
Equipment/fittings	- 25% per annum, on	a reducing balance basis
Motor vehicles	—25% per annum, on	a straight line	basis

		2023	2022
		P	E
Donations		532,450	396,953
Legacies		88,000	1,000
Tax recoverable	on Gift Aid	10,341	20,868
		630,791	418,821

							2023	2022
							F	F
Events							141,446	85,933
Merchandise							4,110	2,692
Local lottery							2,024	2,002
							147,580	90,627
INVESTMENT INCOME
							2023	2022
								E
Investment dividend		income	and interest received				61,584	55,757
INCOME FROIVI SERVICE			LEVEL AGREEMENTS AND OTHER INCOME
							2023	2022
			Activity				E
Coniraci income			Service	level agreements		(mainly	742 002	730 307
			Surrey County		Council)
Other income			Parental	and other income			250	1,385
Other income			Rent receivable				19,440	23,255
Government	grants		Job Retention		Scheme			2,999
							19,690	27,639
CHARITABLE ACTIVITIES COSTS
							Support
						Direct costs	costs	Totals
							(See note 6)
							E
Service level	agreements					1,204,331	86,687	1,291,018
Fundraising	wages					170,496		170,496
Event expenses						39,358		39,358
Fundraising	administrative		expenses			32,162		32,162
Other						16,205		16,205
						1,462,552	86,687	1,549,239

				2023	2022
				F	F
Governance		—audit fees		8,400	8,400
Other				78,287	71,018
				86,687	79,418
NET INCOIVIE/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				2023	2022
Auditors'	remuneration			8,400	8,400

STAFF	COSTS
				2023	2022
Wages	and salaries			993,605	923,231
Social security costs				85,672	74,423
Defined	contribution	pension costs		34,739	33,974
				1,114,016	1,031,628
				2023	2022
Average	monthly number ofemployees		during the year		49

				2023	2022
					E
Defined	contribution	pension	costs	34,739	33,974
Defined	contribution	pension	creditor	6,305	5,401

			Unrestricted	Restricted	Total
			funds	funds	funds
			E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			264,301	154,520	418,821
Charitable activities			90,627		90,627
Service level agreements			739,307		739,307
Other income			27,639		27,639
Investment income			55,757		55,757
Total			1,177,631	154,520	1,332,151
EXPENDITURE ON
Charitable activities			1,179,665	161,418	1,341,083
Support expenditure			79,418		79418
			1 259 083	161,418	1,420,501
NET OUTGOING RESOURCES			(81,452)	(6,898)	(88,350)
Net gains on investments			98,399		98,399
Net movement in funds			16,947	(6,898)	10,049
Total funds brought forward	1	April 2021	4,638,956	158,369	4,797,325
TOTAL FUNDS CARRIED FORWARD 31 llllcrch 2022			4,655,903	151471	4 807 374

INVESTMENTS
		2023	2022
		E	E
Listed Investments
Opening market value		2,405,328	2,514,925
Less: Disposals at opening	book value
(Proceeds: F382,893 loss: 652,546)		(435,439)	(578,751)
Add: Acquisitions at cost		418,749	408,340
Net (losses)/gains on revaluation		~202.203)	60,814
Closing market value		2,186,435	2,405,328
Unlisted Investments —cash or cash equivalents
Broker dealing accounts		327,856	318,093
Investments at market value		2,514,291	2,723,421
Listed Investments
Historical cost		1,800,201	'I,754,273

TANGIBLE FIXED ASS	ETS
	Freehold	Building	Motor	Fixtures &
	Property	Improvements	Vehicles	Fittings	Totals
COST
At 1 April 2022	2,215,518	251,640	84,769	322,171	2,874,098
Additions Disposals		9,524		32,577 ~20,314)	42,101 ~20,314)
At 31 March 2023	2 215518	261,164	84,769	334,434	2,895,885
DEPRECIATION
At 1 April 2022	610,242	24,453	84,769	235,653	955,117
Charge for the year Released on disposal	36,810	20,386		29,774 ~18,353	86,970 ~18,353
At 31 March 2023	647 052	44,839	84,769	247,074	1,023,734
NET BOOK VALUE
At 31 March 2023	1 568466	216,325		87,360	1,872,151
At 31 March 2022	1 605276	227,187		86,518	1,918,981

DEBTORS
							2023	2022
							E
Amounts falling due within			one year:
Trade debtors							74,248	99,456
Prepayments and accrued			income				81,744	57,616
							155,992	157,072
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2023	2022
							E
Trade creditors							40,140	75,869
Other creditors							6,662	5,979
Social security and other		taxes					24,937	17,788
Accruals and deferred	income						20,540	28,515
							92,279	128,151
MOVEMENT IN FUNDS
							Net
							movement in
					At	1.4.22	funds	At 31.3.23
							E
Unrestricted funds
General fund					3,436,587		(204,077)	3,232,510
Designated Strategic Expenditure				Fund	1,219,316			1,219,316
					4,655,903		(204,077)	4,451,826
Restricted funds
Medical room						2,000	(500)	1,500
Sensory projects						14,734	(1,133)	13,601
Specialist equipment						4,983	6,527	11,510
Children's entertainment		and activities
Bursaries
Mini bus and associated		running		costs		4,759	(4,759)
Hoists						276	576	852
Playroom Project						18,559	(4,639)	13,920
Garden Project						98,004	447	98,451
Roof repairs						4,092	(512)	3,580
Welfare and COVID-19	appeals					115	(100)	15
Bridge and events						500	(500)
Sponsored visits						2,474	(696)	1,778
Household						975	2,675	3,650
Fundraising development
Care staff development
Activities room							4,349	4,349
					151,471		1,735	153,206
TOTAL FUNDS					4,807,374		(202,342)	4,605,032

Net movem	ent in funds,	included	in the above are	as follows:
				Incoming	Resources	Movement in
				resources	expended/	funds
					transferred
Unrestricted funds
General fund				1,310,746	(1,514,823)	(204,077)
Designated	Strategic Expenditure		Fund
				1,310,746	~1,514,823	~204,077)
Restricted	funds
Medical room					(500)	(500)
Sensory Projects					(1,133)	(1,133)
Specialist	Equipment			9,000	(2,473)	6,527
Children's	entertainment	and activities		10,101	(10,101)
Bursaries				13,500	(13,500)
Mini bus and associated		running	costs		(4,759)	(4,759)
Hoists				1,136	(560)	576
Playroom	Project				(4,639)	(4,639)
Garden Project				7,300	(6,853)	447
Roof					(512)	(512)
Welfare fund				1,305	(1,405)	(100)
Bridge and	events			2,800	(3,300)	(500)
Sponsored	visits			190,900	(191,596)	(696)
Household				7,510	(4,835)	2,675
Fundraising	development			33,000	(33,000)
Care staff	development			10,000	(10,000)
Activities room				4,349		4,349
				290,901	~289,166)	1,735
				1,601,647	~1,803,989)	~202,342)