St Elizabeths Centre Annual Report End Dec 2022 FINAL - Flipbook - Page 32
Financial Statements
Financial Review
The Charity made a de昀椀cit of £2,170k before costs relating to the closure
of the Adult Home, an asset impairment of £2,939k and Extraordinary
Items of £1,080k, giving an overall de昀椀cit of £6,189k.
Unadjusted
£000’s
Extraordinary
Costs
£000’s
Impairment
£000’s
Total
£000’s
School, College and Home Income
25,136
25,136
Cost of Raising Funds
(103)
(103)
Fundraising and Trading
(844)
(844)
Charitable Activities
(26,359)
(2,939)
(1,080)
(30,378)
Net (Expenditure)/Income before
Transfers
(2,170)
(2,939)
(1,080)
(6,189)
Note - One-off Costs relate to those incurred directly as a result of the
closure of the Adult Home and are therefore abnormal in nature and
will not reoccur.
The overall net (expenditure) income for the unrestricted and restricted
funds were as follows:
Charitable activities
Total
£’000
Home & Day
Services
£’000
School
& Children’s
Home
£’000
College &
Domiciliary
Care
£’000
Fundraising,
shops &
Investments
£’000
School, College and Home
income
25,136
9,850
7,322
5,001
2,963
Cost of raising funds
(103)
-
-
-
(103)
Fundraising and Trading
(844)
-
-
-
(844)
Charitable Activities
(30,378)
(15,728)
(8,981)
(5,669)
-
Net (expenditure) income
before transfers
(6,189)
(5,878)
(1,659)
(668)
2,016
The restricted funds had a de昀椀cit of £8k in the period.
All charitable activities make a positive contribution to the recovery of
support service costs.
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