##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2023|2022|2021|
|---|---|---|---|---|---|
|UK energy|use|||||
|kwli|||8,426,548|8,907,503|8,882,430|
|Associated|greenhouse|gas emissions||||
|Tonnes C02 equivalent|||1,697,945|1,786,873|1,789,649|
|Intensity
ratio||||||
|Emissions|perf1 ofturnover||19.0|17.38|17.32|
##
##
##
##
##
##
##
##
||Identified
Risk|||Management/Actions|Management/Actions||||
|---|---|---|---|---|---|---|---|---|
|Strategic|- Damage to reputation:|||a) Quality Audit and inspection
programme||and|procedures||
|||||b) Agreed HR policies and training|||||
||Social media 'attack'|||c) Good Communications,
social media and||Marketing||Policy|
||Adverse
reporting
on the organisation|||d) Infection control measures|||||
||Untoward
death or abuse|||e) incident
reporting
and EMT and|Board oversight||||
||Service closure Itransfer|||t) Marketing
Team responsible
for|communications||||
||Increased CQC scrutiny|||g) Fire risk assessments,
additional|training|and|plans|for fire|
||Increased
Public Health
scrutiny|||safety improvements|||||
||Increased
Police scrutiny
Increased Safeguarding
scrutiny|||Actions: Media Training,
Fire Safety Training|||||
||Increased
Fire Safety scrutiny||||||||
||Staff Behaviour||||||||
||Inappropriate
use of Social Media||||||||
|Strategic|- Loss ofincome;|||a) Marketing
ofservices|||||
|||||b) Seeking growth
opportunities
and diversification|||||
|~|LA retendering
ofcommissioned||services at|c) EMT monitoring
ofperformance|via KPls||||
||uneconomic
rates or reduction|in|contracted|d) Quality control inspections
including
external|||/ Mock||
||selvlces|||Inspections|||||
|~|Unable to provide
LA reconh|red services|||||||
|~|LA / CQC sanctions|LA / CQC sanctions|LA / CQC sanctions|LA / CQC sanctions|LA / CQC sanctions|LA / CQC sanctions|re Safeguarding|re Safeguarding|re Safeguarding|/Compliance|e) Proactive management
—Needs Assessment|tool|tool|in|place to|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||causing embargos||||||||||ensure that changes
in needs are being recorded correctly to|||||
|~|Closure of||homes|||or|reduction||of beds/ loss of||achieve appropriate
fees.|||||
||seNioes||||||||||f) Networking
and relationships
with Commissioners|||||
|~|Reduction|in||private|||income||||i) Service development
plan for each home|||||
|~|More competition|||||in the market|||||j) Care and home care strategy
and workforce development|||||
|~|Failure to adapt||||to changing|||market||requirements|strategy
in place.|||||
|~|Fair Cost|of||Care||Exercise &||Funding||Reforms|k) Continue
to improve
our financial performance
through
increasing
occupancy
and the number ofself-funding
residents|||||
||||||||||||—budget management-
new targets set each year|||||
||||||||||||n) Quality strategy|||||
||||||||||||o) minimise costs where appropriate|||||
||||||||||||p) new enquiry
framework
and assessment
officer||in|place||
||||||||||||Flexible Recruitment
Service to deliver resources|||||
||||||||||||q) Property strategy|||||
||||||||||||r) Virtual tours
in place|||||
||||||||||||Actions:|||||
||||||||||||Implement
revised Needs Assessment
Tool and|room banding||||
||||||||||||lic
to achieve
r
riate fees|||||
|Strategic|- Changing||World;||||||||a) Forecast in place to enable scenario planning|and||stress||
||||||||||||testing to be completed.|||||
|~|Keeping|up|with competitors|||||in|terms|of|b) Strategy and 3year business
plan
in place from||Apr||21.|
||technology.||||||||||Monitored
monthly
by EMT|||||
|~|Recruitment|||of|Staff||||||c) Engaging
with extra care suppliers|||||
|~|Ukraine||||||||||d) Keeping
in touch with networks
to spot opportunities|||||
|~|Government|||impact on economy|||||||Actions:|||||
||||||||||||Innovations
Group investigating
new technologies||in care—|||
||||||||||||implementations
and pilots ongoing|||||
|Operational
-Effects|||ofNoncompliance|||||(Organisational)|||a) Internal
Audit processes|||||
||||||||||||b) Annual
Financial
Audit|||||
|Breaches|of:||||||||||c) QCS quality
system
in place|||||
|~|GDPR||||||||||d) Legal Advice|||||
|~|Environmental||||Health||||||e) Fire safety inspections|||||
|~|HSE||||||||||f) Centralised
database
of relevant certification—|||||
|~|Employment|||Law|||||||M&C Schedule|||||
|~|Fire Regulations||||||||||g) Planned
programme
ofproperty
maintenance|||||
|~|Poor Governance||||||||||h) ICT policy and security measures
in place|||||
|~
~
~|Cyber Security
CQC Compliance
Fraud||||||||||i) Fit and Proper Persons policy and procedures
for Trustees and Trustee recruitment
j) The Board ofTrustees have reviewed
and adopted
Governance
Code|||the||
||||||||||||k) Board have delegated
to F&Rthe review of GDPR|||||
||||||||||||I) Cyber Security- Regular review ofmeasures|in|place|||
||||||||||||m) Audit programme
both are service level and|through|||QIP by|
||||||||||||Quality Team|||||
||||||||||||n) Staff trained
in medication
procedures|||||
||||||||||||o) Fire Safety Works programme
commenced|||||
||||||||||||Actions:|||||
||||||||||||Implement
EMAR system|||||
|Operational
-Serious|||infection||||outbreak:||||a) Maintaining
infection
control systems
& audit|thereof||||
||||||||||||b) Legionella
Policy with planned
inspections|||||
|~|Viral/ Bacterial||||||||||c) ASBstaff cover to maintain
continuity
ofpractice||delivery|||
|~|Loss ofincome||||||||||d) Regular updates
on Best Practice|||||
|~|Loss ofReputation||||||||||e) BiAnnual
Kitchen deep clean|||||
|~|Reduction|in||staff||/ residents|||||f) Chlorine
dosing system
roll out|||||
||||||||||||g) Proactive action plan and core competencies|for infection||||
||||||||||||control|||||
||||||||||||h) Annual
Infection
control statement
completed|for C&CQ||||
||||||||||||k) Corona Virus -following
government
and NHS|||||
||||||||||||recommendations
and keeping
up to date on these.|||||
||||||||||||m Ensudin
staffhaveade
uate PPE|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
|Simplified
Operating
Statement||||
|---|---|---|---|
|for the year ended 31 March 2023||||
|||2023|2022|
|Charitable
activities|Note|||
|Income from Care Homes services|2|29,975,164|25,264,104|
|Expenditure
on Care Home services|3|(27,900,911)|(25,209,367)|
|Surplus/(Deficit)
on Care Home services||2,074,253|54,737|
|Income from Homes Care 8 Support services|2|2,577,493|3,572,216|
|Expenditure
on Home Care &Support services|3|(2,983,416)|(3,838,141)|
|Deficit on Home Care &Support services||(405,923)|(265,925)|
|Surplus/(Deficit)
from charitable
activities||1,668,330|(211,188)|
|Voluntary
and other activities||||
|Income from donations,
legacies and grants||25,127|1,891,134|
|Other trading
income||52,888|8,554|
|Miscellaneous
income||5,366|64,899|
|Profit on sale offixed assets||||
|Income from voluntary
and other activities||83,381|1,964,587|
|Surplus from voluntary
and other activities||83,381|1,964,587|
|Net income before other recognised
gains/losses||1,751,711|1,753,399|
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Totalas
Restated|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|2023|funds|funds|2022|
|Income from:|||||||f||
|Donations,
legacies and grants||||25,127|25,127||1,891,134|1,891,134|
|Charitable
activities||2|32,552,657||32,552,657|28,836,320||28,836,320|
|Other trading
income|||52,888||52,888|8,554||8,554|
|Other income|||5,366||5,366|8,760||8,760|
|Other income - furlough||||||56,139||56,139|
|Total income|||32,610,911|25,127|32,636,038|28,909,773|1,891,134|30,800,907|
|Expenditure
on:|||||||||
|Charitable
activities|||||||||
|-Care Home services|||27,870,312|30,599|27,900,911|23,591,025|1,618,342|25,209,367|
|- Home Care &Support services|||2,982,921|495|2,983,416|3,568,859|269,282|3,838,141|
|Total expenditure||3|30,853,233|31,094|30,884,327|27,159,884|1,887,624|29,047,508|
|Net incomei(expenditure)|||1,757,678|(5,967)|1,751,711|1,749,889|3,510|1,753,399|
|Other recognised
gains(losses|||||||||
|Act'I gain/(loss)
on pension|liability|16|1,587,825||1,587,825|1,189,968||1,189,968|
|Net movement
in funds|||3,345,503|(5,967)|3,339,536|2,939,857|3,510|2,943,367|
|Balance bifwd at 01 April|||||||||
|As Previously
Reported|||55,832,882|71,338|55,904,220|54,284,025|67,828|54,351,853|
|Prior Year Adjustment||||||(1,391,000)||(1,391,000)|
|As Restated|||55,832,882|71,338|55,904,220|52,893,025|67,828|52,960,853|
|Balance cifwd at 31 March|||59,178385|65,371|59,243,756|55,832,882|71338|55,904,220|
##
||||||||||Total as Restated|Total as Restated|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023||2022||
||||||||Consolidated|Charity|Consolidated|Charity|
|||||||||Only||Only|
|Fixed assets||||||Note|6|6|||
|Tangible fixed assets||||||6|63,267,348|63,267,348|62,671,165|62,671,165|
|Investment||||||||1||1|
||||||||63,267,348|63,267,349|62,671,165|62,671,166|
|Current assets|||||||||||
|Debtors||||||7|3,327,624|2,026,397|2,568,910|1,428,863|
|Amounts
owed by group undertakings||||||17||2,362,100||2,201,725|
|Short term deposits||||||1.11|3,031,066|3,031,066|2,853,555|2,853,555|
|Cash atbank andin|hand|||||1.11|2,988,258|1,927,384|4,120,132|3,058,453|
||||||||9,346,948|9,346,947|9,542,597|9,542,596|
|Creditors: amounts||falling|due within one year||||||||
|Creditors
falling due|within one year|||||8|4,891,433|4,891,433|4,949,725|4,949,725|
|Capital repayments||due within||one|year||||||
|on long term loans||||||10|699,189|699,189|699,189|699,189|
|Creditors: amounts||falling|due within one year||||5,590,622|5,590,622|5,648,914|5,648,914|
|Net current assets|||||||3,756,326|3,756,325|3,893,683|3,893,682|
|Total assets less current|||liabilities||||67,023,674|67,023,674|66,584,848|66,564,848|
|Creditors: amounts||falling|due after one year||||||||
|Interest rate swap liability|||||||(14,849)|(14,849)|(281,430)|(281,430)|
|Bank loan accounts||||||10|(6,642,297)|(6,642,297)|(7,341,487)|(7,341,487)|
|Net assets excluding||pension||liability|||60,366,528|60,366,528|58,941,931|58,941,931|
|Pension Asset||||||16|93,000|93,000|||
|Pension
liability||||||16|(1,215,772)|(1,215 772)|(3037,711)|(3037,711)|
|Net assets|||||||59,243,756|59,243 756|55904220|55,904,220|
|Represented
by:|||||||||||
|Unrestricted
funds excluding|||pension||liability||45,162,484|45,162,484|43,731,920|43,731,920|
|Pension
liability|||||||(1,122772)|(1,122,772)|(3,037,711)|(3037,711)|
|Revaluation
reserve|||||||15,138,673|15,138,673|15,138,673|15,138,673|
|Total unrestricted|funds||||||59,178,385|59,178,385|55,832,882|55,832,882|
|Restricted funds|||||||65,371|65,371|71,338|71,338|
|Balance carried forward at 31.03.2023|||||||59,243,756|59243 756|55904,220|55,904,220|
||||||||tots/as|
|---|---|---|---|---|---|---|---|
|||||||2023|Restated|
||||||||2022|
|Cash flows from operating||activities|||Notes|||
|Net income/(expenditure)||||||1,751,711|1,753,399|
|Pension
contribution
less current service||||and finance cost|16|(327,114)|36,141|
|Interest paid|||||4|349,788|473,325|
|Depreciation
charge|||||6|1,179,756|1,078,967|
|Decrease/(increase)
in debtors||||||(758,714)|(346,327)|
|(Decrease)/increase
in creditors||||||(324,873)|(255,552)|
|Net cash generated
from|operating||activities|||1,870,554|2,739,953|
|Cash flows from investing||activities||||||
|Payments
to acquire tangible||fixed assets|||6|(1,775,937)|(973,169)|
|Net cash generated
from|investing||activities|||(1,775,937)|(973,169)|
|Cash flows from financing||activities||||||
|Loans repaid||||||(699,189)|(699,189)|
|Interest paid on long-term|loans||||4|(349,788)|(473,325)|
|Net cash used by financing||activities||||(1,048,977)|(1,172,514)|
|Net Increase/(decrease)
in|cash|||||(255,174)|1,293,459|
|Cash and cash equivalents|at beginning|||ofyear||(1,066,990)|(2,360,448)|
|Cash and cash equivalents|at the end||of|the year||(1,322,164)|(1,066,989)|
|Analysis
of net debt|||||At 31.03.2022|Cash flow|At 31.03.2023|
|Short-term
deposits|||||2,853,555|177,511|3,031,066|
|Cash at bank and in hand|||||4,120,132|(1,131,874)|2,988,258|
|Netcash|||||6,973,687|(954,363)|6,019,324|
|Changesin
debt; bankloan|||||(8,040,677)|699,189|(7,341,488)|
|Changes
in net debt|||||(1,066,990)|(255,174)|(1,322,164)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2 Income|||||||
|---|---|---|---|---|---|---|
|||||||2022 total as|
|||||||restated|
|Charitable||activities|||f|f|
|Care Homes|||||29,975,164|25,264,104|
|Home Care||&Support|||2,577,493|3,572,216|
||||||32,552,657|28,836,320|
|||||||2022 total as|
|||||||restated|
|Government||grants|||f||
|Covid-19|grant income - Infection||Control,|LFD Testing and Workforce Capacity|(131)|1,870,041|
|Furlough|grants|||||56,139|
||||||(131)|1,926,180|
##
##
|||||||Sta«|Other direct|Support|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||costs|costs|costs|Governance|Total 2023|
|Charitable||activities||||f|f|f|f|f|
|Care Homes||||||18,820,455|5,519,631|3,006,619|554,206|27,900,911|
|Home Care||&Support||||2,184,878|407,805|343,078|47,655|2,983,416|
|||||||21,005,333|5,927,436|3,349,697|601,861|30,884,327|
|||||||Staff|Other direct|Support||Total as|
|||||||costs|costs|costs|Governance|Restated 2022|
|Charitable||activities||||||f|f|f|
|Care Homes||||||17,303,984|5,130,557|2,320,512|454,314|25,209,367|
|Home Care||&|Support|||2,960,153|415,954|397,796|64,238|3,838,141|
|||||||20,264,137|5,546,511|2,718,308|518,552|29,047,508|
|3.2Analysis|||of support costs||||||||
|||||||Home Care &|||Home Care 8|Total as|
||||||Care Homes|Support|Total 2023|Care Homes|Support|Restated 2022|
|||||||f|f||f'|f|
|Staffcosts|||||2,098,837|239,493|2,338,330|1,722,664|295,309|2,017,973|
|Premises|||||102,973|11,750|114,723|91,356|15,661|107,017|
|Operating|costs||||792,243|90,401|882,644|494,541|84,777|579,318|
|Depreciation|||||12,566|1,434|14,000|11,951|2,049|14,000|
||||||3,006,619|343,078|3,349,697|2,320,512|397,796|2,718,308|
|3.3Analysis|||ofgovernance|costs|||||||
|||||||Home Care &|||Home Care &|Total as|
||||||Care Homes
f|Support
f|Total 2023
f|Care Homes|Supportf|Restated 2022|
|Support costs|||||267,965|23,042|291,007|219,425|31,026|250,451|
|Audit|||||36,234|3,116|39,350|29,096|4,114|33,210|
|Valuations|||||10,122|870|10,992|9,584|1,355|10,939|
|Trustee expenses|||||17,352|1,492|18,844|9,206|1,302|10,508|
|Other|||||(35,970)|(3,093)|(39,063)|(19,836)|(2,805)|(22,641)|
|Strategy|||||258,502|22,228|280,730|206,839|29,246|236,085|
||||||554,205|47,655|601,860|454,314|64,238|518,552|
##
||||||||||||2023|2022as
Restated|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Total remuneration||payable|tothe charity's||auditor||in the period:|||||f|
|Statutory|audit:||Charity||||||||30,250|25,850|
||||Subsidiary||||||||4,250|3,150|
||||||||||||34,500|29,000|
|Non-audit|services:||||||||||6,864|1,416|
|3.5 Net Income|||||||||||||
||||||||||||2023|2022as|
|||||||||||||Restated|
|Net income is stated||after charging:|||||||||||
|Operating|lease payments||||||||||684,372|654,988|
|Profit on|sale offixed|assets|||||||||||
|Depreciation|||||||||||1,179,756|1,078,967|
|Auditors|remuneration||Audit||||||||34,500|29,000|
|VAT Advice|||Additional|||work|||||6,864|1,416|
||||||||||||1,905,492|1,764,371|
|4 Interest payable|||||||||||||
|||||||||||||2022as|
||||||||||||2023|Restated|
|||||||||||||f|
|On bank|loans and overdrafts||||||||||349,788|473,325|
||||||||||||349,788|473,325|
|5Operating
leases|||||||||||||
|These are the commitments|||for operating|leases||during|the coming year in||respect|ofleases terminating:|||
||||||||||||2023|2022as
Restated|
||||||||||||f|f|
|Under 1|year:||Land and|||buildings|||||632,609|611,419|
||||Others (motor vehicles, photocopiers,||||||franking|machines)|70,804|75,808|
|Within 2|to 5years:||Land and|||buildings|||||2,561,428|2,486,244|
||||Others (motor vehicles, photocopiers,||||||franking|machines)|23,070|93,874|
|Over 5years:|||Land and|||buildings|||||18,636,986|18,925,400|
||||Others (motor vehicles, photocopiers,||||||franking|machines)|||
||||||||||||21,924,897|22,192,745|
|During the year costs||ofF684,372 were||incurred||against|the operating|leases listed||above (2022:f650,532).|||
##
##
##
|6 Fixed assets
Consolidated
and Charity|||||||||
|---|---|---|---|---|---|---|---|---|
|6.1 Analysis
of movement|offixed|assets|||||||
|||Freehold|Leasehold|Computer|Fixtures &|Motor|Work in||
|||Property|Improv'ts|Equipment|Fittings|Vehicles|Progress|Total|
|Cost/valuation||6|Z|6|6||f|6|
|At 01.04.2022||63,223,078|158,714|788,410|1,843,227|192,870|134,107|66,340,406|
|Additions||146,415|268,853|52,328|998,615||309,726|1,775,937|
|Disposals|||||||||
|Revaluations/Impairments|||||||||
|Reclassification||(225,250)|225,250||||||
|At 31.03.2023||63,144,243|652,817|840,738|2,841,842|192,870|443,833|68,116,343|
|Depreciation|||||||||
|At 01.04.2022||2,008,892|20,029|583,585|878,531|178,202||3,669,239|
|Charge for year||674,735|22,014|100,360|377,518|5,129||1,179,756|
|Disposals|||||||||
|Revaluations/Impairments|||||||||
|At 31.03.2023||2,683,627|42,043|683,945|1,256,049|183,331||4,848,995|
||subjecttoa||||||||
|Net book value|||||||||
|As at 31.03.2023||60,460,616|610,774|156,793|1,585,793|9,539|443,833|63,267,348|
|porffolioofpropertieswas|||||||||
|As at 01.04.2022||61,214,186|138,685|204,825|964,696|14,668|134,107|62,671,167|
##
##
|||2023|2022as|
|---|---|---|---|
||||Restated|
|||6||
|Cost||51,147,393|50,654,580|
|Accumulated|depreciation|(11,688,703)|(10,822,209)|
|Net book value||39,458,690|39,832,371|
##
##
|7Current debtors|||||
|---|---|---|---|---|
||2023||2022 total as restated||
||Consolidated|Charity
Only|Consolidated|Charity Only|
|||6|||
|Trade debtors|1,781,781|856,349|1,668,825|914,764|
|Other debtors|9,576|9,576|6,876|6,676|
|Prepayments|489,147|489,147|453,149|453,149|
|Accrued income|1,047,120|671,325|440,060|54,074|
||3,327,624|2,026,397|2,568,910|1,428,863|
||Consolidated|Charity Only|Consolidated|Charity Only|
|---|---|---|---|---|
|||f|||
|Interest rate swap asset/(liability)|(88,594)|(88,594)|120,735|120,735|
|Trade creditors|668,436|668,436|1,043,849|1,043,849|
|Other taxes and social security|738,274|738,274|768,473|768,473|
|Other creditors|1,433,085|1,433,085|1,267,531|1,267,531|
|Accru ale|1,788,002|1,788,002|1,581,971|1,581,971|
|Deferred income (note 9)|352,230|352,230|167,169|167,169|
||4,891,433|4,891,433|4,949,728|4,949,728|
##
##
##
|13Anal|ysis
of net assets b|etween funds|||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2023|
|||||funds|funds|Total|
||||||6||
|Tangible|fixed assets|||63,267,348||63,267,348|
|Net current assets (excluding||bank loans and swaps|liability due)|4,301,550|65,371|4,366,921|
|Interest|rate swap asset|||73,745||73,745|
|Bankloans||||(7,341,486)||(7,341,486)|
|Pension|assets|||(1,122,772||(1,122,772)|
|||||59,178,385|65,371|59,243,756|
|||||||2022|
|||||Unrestricted|Restricted|Total as|
|||||funds|funds|Restated|
|||||||f|
|Tangible|fixed assets|||62,671,165||62,671,165|
|Net current assets (excluding||bank loans and swaps|liability)|4,642,269|71,338|4,713,607|
|Interest|rate swap liability|||(402,165)||(402,165)|
|Bank loans||||(8,040,676)||(8,040, 676)|
|Pension|liabilities|||(3,037,711)||(3,037,711)|
|||||55,632,862|71,338|55,904,220|
##
|14Funds analysis|||||||
|---|---|---|---|---|---|---|
|||||Revaluation/|||
||||Unrestricted|Capital|Restricted|2023|
||||funds *|reserve|funds|Total|
|||||f|f||
|Brought forward
at|01.04.2022||40,694,209|15,138,673|71,338|55,904,220|
|Net income/(Expenditure)|||1,757,678||(5,967)|1,751,711|
|Revaluation
gain/(loss)
on||Property|||||
|Actuarial
gain on pension||liability|1 587825|||1 587825|
|Carried forward
at|31.03.2023||44,039,712|15,138,673|65,371|59,243,756|
|||||Revaluation/||2022|
||||Unrestricted|Capital|Restricted|Totalas|
||||funds *|reservef|fundsf|Restated
f|
|Brought forward at|01.04.2021||39,145,352|15,138,673|67,828|54,351,853|
|Net income/(Expenditure)|||1,749,889||3,510|1,753,399|
|Revaluation
gain/(loss)
on||Property|||||
|Actuarial
gain on pension||liability|(201,032)|||(201,032)|
|Movement
between|reserves||||||
|Carried forward at|31.03.2022||40,694,209|15,138,673|71,338|55,904,220|
##
|||||||2022|
|---|---|---|---|---|---|---|
|Em
lo eecostsdurin|the|earwere|||2023|as Restatedf|
|Salaries and wages|||||18,875,693|19,032,339|
|Agency costs|||||2,779,010|1,437,502|
|Staff recruitment
and|training||||349,526|315,568|
|Employer's
social security costs|||||1,431,976|1,305,996|
|Employer's
pension|costs||||606,570|794,765|
||||||24,042,775|22,886,170|
|A~Id|||||||
|Charitable
activities|||||21,132,709|20,381,661|
|Support costs|||||2,338,330|2,017,973|
|Governance
costs|||||571,736|486,536|
||||||24,042,775|22,886,170|
|Included
in employee|costs|above are redundancy|payments|of:|40,471|23,912|
|~d|||||||
|---|---|---|---|---|---|---|
|The number|ofemployees|whose emoluments|for the year fell within each ofE10,000from E60,000 upwards|was as follows:|||
||||||Number ofemployees||
|Emoluments:|||||2023|2022|
|f60,000to E70,000|||||||
|f70,000to E80,000|||||||
|f80,000tof90,000|||||||
|f90,000tof100,000|||||||
|f100,000 to|f110,000||||||
|E110,000 to|E120,000||||||
|f120,000 to|E130,000||||||
|f130,000 to|f140,000||||||
##
##
|||As Restated|Other|Actuarial||
|---|---|---|---|---|---|
|||2022|Movements|(gain)/loss|2023|
|||6|6||6|
|Kent County
Council (KCC LGPS)||1,381,000|40,000|(1,421,000)||
|London|Borough ofBexley (LBBLGPS)||(171,000)|78,000|(93,000)|
|Royal Borough ofGreenwich
(RBG LGPS)||533,711|37,886|(439,825)|131,772|
|Social|Housing
Pension Scheme (SHPS)|1,123,000|(234,000)|195,000|1,084,000|
|||3,037,711|(327,114)|(1,587,825)|1,122,772|
##
||||||E'ees|in scheme|
|---|---|---|---|---|---|---|
|||Rate of Contribution|||2023cost|at 31.03.23|
|||Employer's||Employee's|6||
|SHPS CARE/60th
(commenced 01.07.2020)||13 Oo/o||9 1'/o|175,822|6|
|SHPS CARE/80th||9 8'/||6 go/o|308,921|12|
|SHPS FRP auto-enrolment||3 Oo/o||5.0'/o|275,137|737|
|SHPS defined
contribution|scheme|up to 5.55'/o||Variable|29,571|13|
|KCC pensions
(LGPS)||46 5'/|5.8'/o, 6.5,6.8 '/o||63,010|2|
|RBG pensions
(LGPS)||16.5'/o||6.8'/o|17,261|2|
|LBBpensions
(LGPS)||19.9'/o|5.5/o|5.8/o &6.5/o|28,931|3|
||||||898,653|775|
|Anal
isofschemecostsb|schemet||||||
|- Defined
Contribution|||||304,708||
|- Defined Benefit|||||593,945||
||||||898,653||
##
##
##
|31.03.2023|31.03.2022|31.03.2021|
|---|---|---|
|%pa|%pa|% pa|
|2.90|3.35|2.85|
|3.90|4.35|3.85|
|4.80|2.60|1.90|
##
||||||31.03.2023|31.03.2023|31.03.2022|
|---|---|---|---|---|---|---|---|
||||||AFTER|BEFORE||
||||||CMI 2020 update|CMi 2020 update||
|Retiring|today|||||||
|Males|||||21.1|21.6|21.6|
|Females|||||23.5|23.7|23.7|
|Retiring|in 20years|||||||
|Males|||||22.3|23.0|23.0|
|Females|||||25.0|25.1|25.1|
|Balance|sheet disclosures|||||||
|||||||31.03.2023|31.03.2022|
|Fairvalueofem|||0 erassetsasRestated|||6'0006|E'0006|
|Equities||||||5,815|6,107|
|Gilts||||||50|58|
|Bonds||||||1,197|1,303|
|Property||||||910|1,111|
|Cash||||||163|201|
|Target return||porffolio||||668|698|
|Infrastructure||||||310||
|||||||9,113|9,478|
|Balance|shee||Restated|||6'000s|8'000s|
|Fair value ofemployer||||assets||9,113|9,478|
|Present value||of|funded|liabilities||(8,122)|(10,859)|
|Restriction of||Asset to Pension Asset Ceiling||||(991)||
||||||||(1,381)|
##
##
||||||||||Yearto:|31.03.2023|31.03.2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Revenue account reco|nition|||||||||f'000s|f'000s|
|Current service cost||||||||||41|59|
|Net interest on the defined|liability|(asset)||||||||35|33|
|Administration
expenses||||||||||6|6|
|||||||||||82|98|
||||||||||Year to:|31.03.2023|31.03.2022|
|Reconciliation
ofdefined benefit||obli|||ation|||||f'000s|f'000s|
|Opening
defined benefit obligation||||||||||10,859|11,373|
|Current service cost||||||||||41|59|
|Interest cost||||||||||275|212|
|Contributions
by members||||||||||6|6|
|Experience loss/(gain)
on|defined|benefit|||obligation|||||775|26|
|Past service costs, including
curtailments||||||||||||
|Changes
in financial
assumptions||||||||||(3,081)|(361)|
|Change
in demographic
assumption||||||||||(198)||
|Estimated
benefits paid||||||||||(555)|(458)|
|Closing defined
benefit obligation||||||||||8,122|10,859|
||||||||||Year to:|31.03.2023|31.03.2022|
|Reconciliation
ofo enin|&closin|||balances ofthe fair value of Fund assets||||||f'0006|f'000s|
|Opening
fair value of Fund assets||||||||||9,478|9,635|
|Interest on assets||||||||||240|179|
|Return on assets less interest||||||||||(120)|63|
|Other actuarial gains/(losses)||||||||||28||
|Contributions
by Scheme|participants|||and|other employers||||||8|
|Contributions
by employer|including||unfunded|||||||42|57|
|Estimated
benefits
paid plus unfunded||||net oftransfers||in||||(555)|(458)|
|Administration
expenses||||||||||(6)|(6)|
|Closing fair value of Fund|assets|||||||||9,113|9,478|
||||||||31.03.2023|31.03.2022|31.03.2021|31.03.2020|31.03.2019|
|Amounts for current &|revious||eriods as Restated||||f'000s|f'000s|f'000s|f'0006|f'000s|
|Defined benefit obligation|||||||(8,122)|(10,859)|(11,373)|(10,132)|(11,158)|
|Scheme assets|||||||9,113|9,478|9,635|7,745|8,901|
|Surplus/(deficit)|||||||ggl|(1,381)|(1,738)|(2,387)|(2,257)|
##
##
##
##
##
|||||||Yearto:||31.03.2023||
|---|---|---|---|---|---|---|---|---|---|
|||||||||6'000s||
|Ad ustment
to discount
rate|||||||+0 1%|0.0%|(0.1%)|
|Present value total obligation|||||||7,331|8,122|9,071|
|Projected service cost|||||||16|20|26|
|Ad ustment
to ion
term sais|increase||||||+0.1%|0.0%|(0.1%)|
|Present value total obligation|||||||8,140|8,122|8,104|
|Projected service cost|||||||21|20|20|
|Ad ustment
to
ension increases||and|deferred||revaluation||+0.1%|0.0%|(0.1%)|
|Present value total obligation|||||||9,062|8,122|7,329|
|Projected service cost|||||||26|20|15|
|Ad ustment
to life ex
ctanc|assum||'ons||||+1 Year|None|-1 Year|
|Present value total obligation|||||||8,525|8,122|7,740|
|Projected service cost|||||||21|20|20|
|||||||||31.03.2023|31.03.2022|
|Remeasurement
ofthe net assets||/ (defined||liability)||||8'000s|6'000s|
|Return on Fund assets
in excess||ofinterest||||||(120)|63|
|Other actuarial
gains/(losses)|on assets|||||||28||
|Change
in financial
assumptions||||||||3,081|361|
|Experience gain/(loss)
on defined||benefit obligation||||||(775)|(26)|
|Change
in demographic
assumptions||||||||198||
|Remeasurement
ofthe net|assets||/ (defined||liability)|||2,412|398|
##
||31.03.2023|31.03.2022|31.03.2021|
|---|---|---|---|
|Financial assumptions|%pa|%pa|%pa|
|CPI inflation
rate|2.7|3.5|2.7|
|Pension increase rate|2.8|3.6|2.8|
|Salary increases|4.2|5.0|4.2|
|Discount rate|4.9|2.8|2.1|
##
##
|Fair value ofem|Fair value ofem|I|er assets|
|---|---|---|---|
|Equities||||
|Government|bonds|||
|Other bonds||||
|Property||||
|Cash/liquidity||||
|Other||||
|Males|Females|
|---|---|
|22.9|25.7|
|21.8|24.0|
|31.03.2023|31.03.2022|
|6'0005|E'000s|
|4,080|4,443|
|3,698|1,939|
||3,329|
|1,785|1,607|
|1,020|970|
|2,168|2,185|
|12,751|14,473|
|Balance sheet as Restat||||||8'000s|6'000s|
|---|---|---|---|---|---|---|---|
|Fair value ofemployer assets||||||12,751|14,473|
|Present value offunded
liabilities||||||(9,148)|(13,082)|
|Restriction ofAsset to Pension Asset|||Ceiling|||(3,510)|(1,391)|
|||||||93||
|Revenue account costs||||||||
||||||Yearto:|31.03.2023|31.03.2022|
|Revenue account reco
nition||||||K'000s|8'0006|
|Current service cost||||||27|35|
|Net interest cost||||||(39)|(15)|
|Administration
expenses||||||1|1|
|Past service cost (gain)||||||||
||||||||21|
||||||Yearto:|31.03.2023|31.03.2022|
|Statement ofother com|rehensive||income|||8'000s|E"000s|
|Remeasurements
(liabilities|and|assets)||||(2,041)|(681)|
|Total remeasurements
included||in SOCI||||(2,041)|(681)|
||||||Year to:|31.03.2023|31.03.2022|
|Reconciliation
of defined|benefit obli|||ation||Z'0006|6'000s|
|Opening
defined benefit obligation||||||13,082|13,257|
|Current service cost||||||27|35|
|Interest cost||||||360|273|
|Contributions
by members||||||4|7|
|Past service cost/(gain)||||||(604)||
|Experience
(gain)/loss||||||419|35|
|Actuarial
losses/(gains)||||||(3,787)|61|
|Estimated
benefits paid||||||(353)|(586)|
|Closing defined benefit obligation||||||9,148|13,082|
||||||Year to:|31.03.2023|31.03.2022|
|Reconciliation
offair value of||em|lo|erassets||6'0006|8'000s|
|Opening
fair value ofemployer assets||||||14,473|13,988|
|Expected return
on assets||||||399|288|
|Contributions
by members||||||4|7|
|Contributions
by employer||||||160||
|Actuarial
gain/(loss)||||||(1,680)|7TT|
|Benefits paid||||||(604)|(586)|
|Administration
expenses||||||(1)|(1)|
|Closing fair value of employer||assets||||12,751|14,4T3|
##
|||||31.03.2023|31.03.2022|31.03.2021|31.03.2020|31.03.2019|
|---|---|---|---|---|---|---|---|---|
|Amounts for current &||revious|rinds|8'000s|6'000s|8'0006|E'0006|F.'000s|
|Defined benefit|obligation|||(9,148)|(13,082)|(13,257)|(12,316)|(13,241)|
|Scheme assets||||12,751|14,473|13,988|12,510|13,327|
|Surplus/(deficit)||||3,603|1,391|731|194|86|
|Experience adj|on scheme|assets||(1,680)|777|1,702|(592)|909|
|Experience adj|on scheme|liabilities||(3,787)|61|1,402|(835)|686|
||||||||Year to:|31.03.2024|
|~nd||||||||E'000s|
|Service cost||||||||14|
|Interest cost||||||||(177)|
|Administration|expenses|||||||1|
|||||||||(162)|
|||Year to:|||31.03.2023|||
|---|---|---|---|---|---|---|---|
||||||E'000s|||
|||||Discount|||Increase in life|
||||Central|rates|Inflation|Pay Growth|expectancy|
|Adjustment|to rate|||+0.5%|025%|+0.25%|1 Year|
|Present value total obligation|||9,148|8,657|9,406|9,157|9,348|
|Projected|service cost||14|12|14|14|14|
##
##
|n~ii
I|r|
|---|---|
|Pension increases|(CPI)|
|Salary increases||
|Discount rate||
|31.03.2023|31.03.2022|31.03.2021|
|---|---|---|
|%pa|%pa|%pa|
|2.90|3.40|2.85|
|3.90|4.40|3.85|
|4.80|2.60|1.90|
##
||||||31.03.2023|31.03.2022|
|---|---|---|---|---|---|---|
|Retiring|today||||||
|Males|||||19.6|20.5|
|Females|||||23.0|23.4|
|Retiring|in 20|years|||||
|Males|||||21.0|22.0|
|Females|||||24.5|25.0|
|Balance|sheet|disclosures|||||
||||||31.03.2023|31.03.2022|
|Estimated asset allocation for Avante Care 8Su||||rt|6'0005|f'000s|
|UK Equities|||||818.8|950.1|
|Other bonds|||||351.2|287.9|
|Property|||||154.2|181.4|
|Cash|||||26.5|41.7|
|Unitised|insurance
policies||||||
|UK &overseas||unit trusts|||192.8|204.6|
||||||1,543.5|1,665.7|
|Balance|sheet||||8'000s|6'0005|
|Fair value ofemployer|||assets||1,543.5|1,665.7|
|Present|value offunded||liabilities||(1,675.3)|(2,199.4)|
||||||(131.8)|(533.7)|
##
##
||||||||||Year to|31.03.2023|31.03.2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Revenue account reco|nition|||||||||f'000s|f'000s|
|Service cost||||||||||46.7|69.9|
|Net interest on the defined|liability|(asset)||||||||13.6|11.2|
|Administration
expenses||||||||||1.1|1.1|
|||||||||||61.3|82.2|
||||||||||Year to:|31.03.2023|31.03.2022|
|Reconciliation
ofo
nin
and closin|||||balances of|resent value ofthe defined benefit obli||ation||f'0006|f"000s|
|Opening
defined benefit obligation||||||||||2,199.4|2,086.0|
|Current service cost||||||||||46.7|69.9|
|Interest cost||||||||||56.2|40.1|
|Change
in financial
assumptions||||||||||(787.0)|(49.0)|
|Change
in demographic
assumptions||||||||||(112.6)||
|Experience loss/(gain)
on|defined|benefit|||obligation|||||352.4|5.3|
|Estimated
benefits paid net oftransfers||||in||||||(87.7)|38.0|
|Past service costs, including
curtailments||||||||||||
|Contributions
by scheme|participants||and||other employers|||||7.9|9.3|
|Closing defined benefit|obligation|||||||||1,675.3|2,199.4|
||||||||||Year to:|31.03.2023|31.03.2022|
|Reconciliation
ofo
nin
and closin|||||balances of|resent value ofthe fair value of Fund assets||||f'0006|f'000s|
|Opening
fair value of Fund assets||||||||||1,665.7|1,484.4|
|Interest on assets||||||||||42.6|28.9|
|Return
on assets less interest||||||||||(85.8)|79.2|
|Other actuarial
gains/(losses)||||||||||(21.6)||
|Administration
expenses||||||||||(1.1)|(1.1)|
|Contributions
by employer|including||unfunded|||||||23.4|27.0|
|Contributions
by Scheme|participants||and||other employers|||||7.9|9.3|
|Estimated
benefits paid plus unfunded||||net oftransfers||in||||(87.7)|38.0|
|Closing fair value of Fund assets||||||||||1,543.5|1,665.7|
|||||||31.03.2023|31.03.2022||31.03.2021|31.03.2020|31.03.2019|
|Amount
for current 8|revious||riods|||f'000s|f'0006||f'000s|f'000s|f'000s|
|Defined benefit obligation||||||(1,675)|(2,199)||(2,086)|(1,914)|(2,291)|
|Scheme assets||||||1,543|1,666||1,484|1,253|1,817|
|Surplus/(deficit)||||||(132)||(534)|(602)|(661)|(474)|
##
||||||||||||Year to:|31.03.2024|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|~rt
d||||||||||||8'0006|
|Service cost||||||||||||21.0|
|Net interest on the defined
liability||(asset)||||||||||5.8|
|Administration
expenses||||||||||||1.0|
|||||||||||||27.8|
|Employer
contdibutions||||||||||||23.4|
|Sensitivity
analysis|||||||||||||
|The following
tables set out the impact of||||a small change|||in the rates on the defined|benefit obligation|and|projected service|cost:||
|||||||||Yearto:|||31.03.2023||
||||||||||||6'0006||
|Ad ustment to discount
rate||||||||||+0 1%|0.0%|(0.1%)|
|Present value total obligation||||||||||1,656|1,675|1,695|
|Projected service cost||||||||||20|21|22|
|Ad ustment to ion
term sale||increase||||||||+0 1%|0.0%|(0.1%)|
|Present value total obligation||||||||||1,677|1,675|1,673|
|Projected service cost||||||||||21|21|21|
|Ad ustment to
nsion increases|||and deferred|||revaluation||||+0.1%|00|(0.1%)|
|Present value total obligation||||||||||1,694|1,675|1,657|
|Projected service cost||||||||||22|21|20|
|Ad'ustment
to life ex ectanc|assum|||tions||||||+1 Year|None|-1 Year|
|Present value total obligation||||||||||1,771|1,675|1,585|
|Projected service cost||||||||||22|21|20|
||||||||||||31.03.2023|31.03.2022|
|Remea
r mentofthenetassets/|||definedliabili||||||||6'000s|6'000s|
|Return on Fund assets in excess|of||interest||||||||(85.8)|79.2|
|Other actuarial gains/(losses)
on|assets||||||||||(21.6)||
|Change
in financial
assumptions|||||||||||787.0|49.0|
|Change
in demographic
assumptions|||||||||||112.6||
|Experience gain/(loss)
on defined||benefit||obligation|||||||(352.4)|(5.3)|
|Remeasurement
ofthe net assets|||/ (defined||liability)||||||439.8|123.0|
##
##
|Notes to the Accounts||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|for the year ended 31 March 2023||||||||||||||||
|||||||||||||||Yearto:|31.03.2023|
|Reconciliation
ofo
nin
and closin||balances|||ofthe||fair||value of||lan|assets|||6'0006|
|Fair value of plan assets at start ofperiod|||||||||||||||6,350|
|Interest income|||||||||||||||181|
|Experience
on plan assets (excluding|amounts||included|||in||interest income) -||||gain (loss)|||(2,340)|
|Contributions
by the employer|||||||||||||||475|
|Contributions
by plan participants|||||||||||||||2|
|Benefits paid and expenses|||||||||||||||(192)|
|Fair value of plan assets at end of|period||||||||||||||4,476|
|The actual
return
on the plan assets|(including||any|changes||||in|share of||assets) over the period||ended|31 March 2023 was 6630,000.||
|||||||||||||||Yearto:|31.03.2023|
|Defined benefit costs reco nised|in|Statement||ofCom||||rehensive||Income
SOCI|||||6'0006|
|Current service cost|||||||||||||||206|
|Expenses|||||||||||||||7|
|Net interest expense|||||||||||||||28|
|Defined benefit costs recognised|in|Statement||ofComprehensive||||||Income (SoCI)|||||241|
|||||||||||||||Yearto:|31.03.2023|
|Defined benefit costs rec
nised|in|Other|Com||rehensive||||Income||OCI||||6'0006|
|Experience on plan assets (excluding|amounts||included|||in||net|interest|cost) —gain (loss)|||||(2,340)|
|Experience gains and losses arising|on|the plan liabilities||||-||gain (loss)|||||||259|
|Effects ofchanges
in the demographic||assumptions|||underlying||||the present value ofthe DB obligation|||||- gain (loss)|13|
|Effects ofchanges
in the linancial
assumptions|||underlying||||the present|||value||ofthe DBobligation|- gain (loss)||1,873|
|Total actuarial
gains and losses (before||restriction||due to some|||||ofthe surplus|||not being recognisable)||- gain (loss)|(195)|
|Total amount recognised
in Other|Comprehensive||||Income||||- gain (loss)||||||(195)|
##
||||Yearto:|31.03.2023|31.03.2022|
|---|---|---|---|---|---|
|Assets||||6'0006|8'000s|
|Global Equity||||84|1,218|
|Absolute
Return||||48|255|
|Distressed
Opportunities||||135|227|
|Credit Relative|Value|||169|211|
|Alternative
Risk|Premia|||8|209|
|Fund ofHedge|Funds|||||
|Emerging
Markets Debt||||24|185|
|Risk Sharing||||330|209|
|Insurance-Linked|Securities|||113|148|
|Property||||193|171|
|Infrastructure||||511|452|
|Private Debt||||199|163|
|Opportunistic
llliquid||Credit||192|213|
|High Yield||||16|55|
|Opportunistic
Credit|||||23|
|Cash||||32|22|
|Corporate
Bond Fund|||||424|
|Liquid Credi'||||||
|Long Lease Property||||135|163|
|Secured Income||||205|237|
|Liability
Driven|Investment|||2,062|1,772|
|Currency
Hedging||||9|(25)|
|Net Current Assets||||11|18|
|Total assets||||4,476|6,350|
|||||||||||Yearto:|Yearto:|31.03.2023||31.03.2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|~Ke
A
9||||||||||||%pa||%pa|
|Discount Rate||||||||||||4.89||2.79|
|Inflation (RPI)||||||||||||3.20||3.66|
|Inflation (CPI)||||||||||||2.72||3.23|
|Salary Growth||||||||||||3.72||4.23|
||||||||||||75%ofmax|||75%ofmax|
|Allowance
for commutation|of|pension|for cash|at|retirement|||||||allowance||allowance|
|||||||||||||Year to:||31.03.2023|
|rtali
assu
ionsado||edat310323im|||I
thefollowi||lifee|ectanciesata|e65|||||Expectancy|
|Male retiring
in 2023||||||||||||||21.0|
|Female retiring
in 2023||||||||||||||23.4|
|Male retiring
in 2043||||||||||||||22.2|
|Female retiring
in 2043||||||||||||||24.9|
|17 Related parties|||||||||||||||
|There have been no related|party transactions|||that require disclosure other than transactions|||||with the wholly owned||subsidiary|company,|Avante||
|Care Services Ltd (a limited|company||that carries||out trading|activities on behalf ofthe charity registered||||in England|&Wales|no. 09402720).|||
|Transactions
as below:|||||||||||||||
|||||||||||||Avante Care||Services Ltd|
|||||||||||||2023|As Restated||
|||||||||||||||2022f|
|Balance at 01.04.2022||||||||||||2,201,725||1,595,311|
|Recharges
to Subsidiary|||||||||||15,199,849|||16,861,336|
|Management
charge to Subsidiary||||||||||||151,999||168,613|
|Repayments
from Subsidiary|||||||||||(15,509,573)|||(16,858,624)|
|Gift Aid due to parent||||||||||||318,100||435,088|
|Balance at31.03.2023||||||||||||2,362,100||2,201,724|
|||||||||||||Avante Care||Services Ltd|
|Summa
of Balance Sheet||||||||||||2023|As Restated
2022||
|Current assets||||||||||||2,362,100||2,201,725|
|Current
liabilities|||||||||||(2,362,100)|||(2,201,724)|
|Net current assets/(liabilities)|||||||||||||||
|Capital and reserves|||||||||||||||
##
||||||Avante Care|Services Ltd|
|---|---|---|---|---|---|---|
|||||||As Restated|
|Summa
of|Income||nd Retained|Earnin s||2022|
|Turnover|||||15,669,948|17,465,037|
|Cost ofsales|||||(15,199,849)|(16,861,336)|
|Management|fee||||(151,999)|(168,613)|
|Gift Aid donation|||||(318,100)|(435,088)|
|Retained
earnings||at|end of period||||
##
|||||||As Restated|
|---|---|---|---|---|---|---|
|||||||2022f|
|Balance|held as an agent at 31.03.2022||||25,539|556,945|
|Amount|invoiced|as an agent during|the year||(25,089)|(20,483)|
|Amount|passed|over to the London|Borough of Bexley during|the year|(450)|(510,923)|
|Balance|held as|an agent at 31.03.2023|||(0)|25,539|
|~hit
fh|I|h
Id:|||||
|Debtors|outstanding
at year-end||||(0)|25,479|
|Funds awaiting||transfer to London|Borough ofBexley|||60|
|Balance|at 31.03.2023||||(0)|25,539|
##