2022-03-31-accounts

for the year en	d	ed 3	1 March 2022
				Pages
Legal and administrative		information
Directors' report				2-10
Strategic report				11-18
Independent auditors'	report			19-22
Statement offinancial	activities		(including
income and expenditure		account)		23
Balance sheet				24
Statement ofcash flows				25
Notes to the financial	statements			26-45

A summary ofthe financi	al	activities	undertaken by the Grou	p are set out below:
				2022	2021
				F000	OOOO
Resources from generated		funds:
Investment income				135	109
Donations and legacies					250
Charitable activities				44,872	37,332
Other trading activities					7,727
Other income				1732	2,334
Totallncome				46,739	47,752
Expenditure on charitable	activities			(41,161)	(40,163)
Net income before other	recognised		gains and losses	5,578	7,589
Unrecognised (losses)/gains				(146)	816
Net movement in funds				5,432	8,405
Total funds brought forward		as at 1 April		56,688	48,283
Total funds carried forward				62,120	56,688
Represented by:
Restricted Funds				299	335
Unrestricted Funds				61,821	56,353
				62,120	56,688

				Units	Units
Carbon Energy		Reporting 2021-22		2021-22	2020-21
			Electricity	2,964,732	3,116,521
UK	Energy Use (KWh)		Gas Transport	9,878,180 1,074,090	10,174,495 930,855
			Total	13,917,002	14,221,872
			Electricity	691	727
Associated Greenhouse		Gases	Gas	1,816	1,871
	Tonnes CO2e		Transport	299	261
			Total	2r806	2,858
			Electricity	0.68	0.66
Intensity	Ratio 1-Tonnes	CO2e	Gas	1.80	1.71
per	FTEStaff member		Transport	0.30	0.24
				2,7&
			Electricity	14.79	15.22
Intensity	Ratio 2- Tonnes	CO2e	Gas	38,86	39.18
per	Million E Income		Transport	6.40	5.46
			Total	60.04

Ob'ective	Ob'ective	Ob'ective										Achievement
To		deliver				quality				care		The standard ofcare is continually monitored through internal
services				which				meet			all	quality audits and feedback from residents/service users and
relevant			regulations						and		are	relatives with constant focus upon delivering quality care. The
rated		at least			"Good"				by CQC.			Care Governance Committee reviews the results of internal
												audits and CQC inspections as part of the ongoing
												commitment to deliver quality care. The results of CQC
												inspections for Care South homes and services can be found
												impact the performance of both internal audits and the
												approach of CQC inspections during the year. We
												implemented during the course of the year a market leading
												electronic care planning system within all of our residential
												homes, which we expect to deliver significant benefits for both
												residents and staff.
To	attract,			train,			develop				and	The Company continues to invest in training and development
retain		engaged				staff to deliver						of staff, although the delivery and prioritisation of training
quality		care services.										continued to be impacted by the Covid-19 pandemic during the
												year. Our priority has been focused on delivering all mandatory
												training to both existing and new staff, while continuing to
												invest in improving the quality of our approach to recruitment
												and training. Many sectors ofthe economy have suffered from
												staff shortages, following the emergence from the more severe
												phases of the pandemic, with the care sector hit particularly
												hard. We have significantly strengthened our HR and
												recruitment teams to address these sector wide challenges
												and ensure that Care South is an employer ofchoice within the
												eo ra hies inwhichwe o crate.
To	expand				and			develop			a	The Company has targeted the expansion and development of
range		of	services				to meet				the	the care at home offering and delivered growth in billed hours
needs		primarily						of		older		of 14%during the year, in spite ofthe challenges with respect
people,				but	not			excluding				to staff recruitment. The Company acquired new premises in
other		age		ranges.								Poundbury in April 2021, from which a new West Dorset care
												at home office was successfull launched in June 2021.
To	enhance					the			property			The Company secured planning permission for a new care
portfolio				of	the			Charity			to	home on a previously acquired site in Poole during the year.
provide security						for		the future.				Post year-end, work has subsequently commenced on site,
												with an expectation that the care home will be ready to
												welcome the first residents in spring 2024. The Company is
												also in advanced negotiations to acquire a further site in Poole,
												under an exclusivity agreement. Plans for the site, should
												negotiations prove successful, include a new build care home,
												alon with a ran e of close care accommodation.
To	work with				local			authorities				The Executive Team continues to have strategic discussions
and	other			commissioners							to	with local authorities and commissioners. The Company
meet		the	future			need.						continued to work closely and flexibly with local authority
												commissioners during the year to support hospital discharge
												requirements at various pressure points throughout the year.
												We entered into or expanded hours within a number of block
												contracts for residential care and care at home services during
												the course ofthe ear.

To	remain	financially	financially	viable	viable	During the year, Company reserves increased by E5.5m,
and	hold reserves		in	line	with	reflecting a solid operating performance from the business.
our	reserves	policy.				Company unrestricted reserves of f56.8m are slightly in
						excess the range targeted by the reserves policy but are
						expected to return to a level within the targeted range, once a
						number of ma or investment lans are taken forward.
To	continue	the		on-going		The Company continues to invest significantly in existing
programme		of investment			in	services, to ensure that the environment and facilities in each
the	existing homes.					of our residential homes are maintained in a good state of
						repair. During the previous year, the Covid-19 pandemic had
						led to significant periods, when contractor visits to our homes
						were limited to essential works only. With less restrictions in
						place during the current financial year, we have seen a
						significant increase in property related expenditure, as we
						ensure that all properties are maintained and presented to a
						high standard. Plans are now at an advanced stage and at the
						pre-planning stage for a major investment at our Sussexdown
						site in West Sussex. The project involves investment in a new
						build care home, along with a combination of converted and
						new build close care accommodation on site.

			Unrestricted	Restricted		Unrestricted	Restricted
			funds	funds	Total	funds	funds	Total
		Note	2022	2022	2022	2021	2021	2021
			OOOO	OOOO	f000	FOOO	f000	OOOO
Income from:
Donations and	legacies						250	250
Charitable activities			44,856	-16	44,872	37,316	16	37,332
Investment income					135	109		109
Other income			1,732		1 732	5,157		5,157
Total income			46,723	16	46,739	42,582	266	42,848
Expenditure
Expenditure on			41,031	36	41„067	41,331	24	41,355
charitable activities
Other ex enditure
Total expenditure			41,031	36	41„067	41,331	24	41,355
Net income		10	5,692	(20}	5„672	'l,251	242	1,493
Transfers			16	(«)		16	(16)
(Losses}/gains investments	on		(146)		(146}	816		816
Net movements funds	in		5,562	(36)	5,526	2,083	226	2,309
Fund balances	brought		5'I,230	335	51,565	49,147	109	49,256
foNvard at 1 April
Fund balances INarch	at 31		56,792	299	57,091	51,230		51,565

Company No 02565033	Company No 02565033		Note	2022	2021
				F000	f000
Fixed assets
intangible assets			12	243	225
Tangible assets			13	41,680	41,050
Investments			14	9,433	6,504
Total fixed assets				51,356	47,779
Current assets
Debtors			15	3„508	3,443
Cash at bank and in	hand			21,810	21,433
Total current assets				25,318	24,876
Creditors".amounts	falling due within one year		16	(11,234)	(10,402)
Net current. assets				14,084	14,474
Total assets less current		liabilities		65,440	62,253
Creditors: amounts	falling due after more than
one year			17	(8,349)	(10,688)
Total net assets				57,091	51,565
The funds ofthe charity
Restricted income	funds		19	299	335
Unrestricted income funds
Designated funds			20	34,906	32,050
General funds			20	21„886	19,180
Total unrestricted	income	funds		56,792	51,230
Total charity funds				57,091	51,565

				Note	2022	2021
					f000	f000
Net cash provided by operating activities				24	8„072	8,944
Cash flow from investing		activities
Purchase oftangible fixed assets					(2,160)	(565)
Purchase of intangible fixed		assets			(117)	(11)
Proceeds from the sale oftangible fixed assets					2
Financial investment					(3„075)	(50)
Cash balances transferred	from subsidiaries					244
Dividends received					76	52
Interest received						57
Net cash used in investing		activities			(5,215)	(273)
Cash flow from financing		activities
Loan interest paid					(289)	(458)
Receipt of bank loan
Loan capital repaid					(2,191)	(2,121)
Net cash used in financing		activities			(2,480)	(2,579)
Net change in cash and cash equivalents					377	6,092
Cash and cash equivalents		at the beginning	ofthe year		21)433	15,341
Cash and cash equivalents		at the end ofthe	year		21,810	21,433

t line bas	is over	the expected useful	economic lives o	fthe assets conc
				Years
Buildings				50
Short Leasehold		Improvements	Remaining	length oflease
Computer	Equipment			3
Fixtures,	Fittings	and Equipment		4-10
Motor Vehicles				4

A summary ofthe financi	al	activities	undertaken by the Grou	p are set out below:
				2022	2021
				f000	OOOO
Resources from generated		funds:
Investment income				135	109
Donations and legacies					250
Charitable activities				44,872	37,332
Other trading activities					7,727
Other income				1„732	2,334
Total Income				46,739	47,752
Expenditure on charitable	activities			(41,161)	(40,163)
Net income before other	recognised		gains and losses	5,578	7,589
Unrecognised (losses)/gains				(146)	816
Net movement in funds				5,432	8,405
Total funds brought forward		as at 1 April		56,688	48,283
Total funds carried forward				62,120	56,688
Represented by:
Restricted Funds				299	335
Unrestricted Funds				61„821	56,353
				62,120	56,688

inc	ome	from ch	aritable activ	ities
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
			f000	f000	'EOOO	f000	f000	OOOO
Residential	care	services	40,093	16	40,109	33,129	16	33,145
Domiciliary	care	services	4,763		4)763	4,187		4,187
			44,856	16	44,872	37,316	16	37,332

				2022	2021
				8000	OOOO
Infection Control	and	Rapid Testing grants		1,178	1,747
Coronavirus Job Retention Scheme			income		145
Workforce Retention		and Recruitment	grants	417
Profits donated	by subsidiaries				3,205
Sundry income	and	utility costs recharged		137	60
				1„732	5,157

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
			f000	f000	f000	OOOO	OOOO	OOOO
Residential	care		31,837	36	31,873	32,629	24	32,653
Domiciliary	care		3,936		3,936	3,645		3,645
Support costs			4,351		4,351	4,055		4,055
Other costs			618		618			544
Interest payable		on bank	469		469	556		556
loans
Gains on derivative			(180)		(180)	(98)		(98)
financial instruments
			41,031	36	41,067	41,331	24	41,355

			2022	2021
			OOOO	FOOO
Salaries and other	short-term	benefits	847	790
Post-employment	benefit		59	56
Total compensation			906	846

The number of key management personnel who contributions) in the following ranges was:	received fees and other emoluments (inc	luding pensio
	2022	2021
	Number	Number
220,001 - 230,000
F80,001 - F90,000
f90,001 - F100,000
f100,001 - f110,000
F110,001 - 2120,000
F130,001 - f140,000
2150,001 - F160,000
2190,001 - F200,000
2200,001 - F210,000

			2022	2021
			Number	Number
By activity
Management,	administration,	finance and
training			145	138
Supervisors			138	106
Care, catering	and domestic	staff	728	662
			1,011	906
			2022	2021
			f000	f000
Staff costs (for the above		persons)
Wages and salaries			23,699	20,193
Social security	costs		1,890	1,566
Other pension	costs		631	548
			26,220	22,307

Care South 10 Net income					34
				2022	2021
				f000	OOOO
Net income is stated after charging:
Depreciation for the year:
-Tangible fixed assets				1„530	1,238
- intangible owned fixed assets					43
Operating leases - land and buildings				1,869	1,679
Profit/(loss) on disposal of fixed	assets				(46)
Fees payable to the Company's	auditors	for the audit ofthe
Company's financial statements				36	28
Fees payable to the Company's	auditors	to audit the Company's	subsidiaries
pursuant to legislation
Fees payable to the Company's	auditors	for other services

		Software	Assets under construction	Total
		f000	f000	f000
Cost
At 1 ApI1I 2021		421	162	583
Additions		5	112	117
Transfers		274	(274)
Disposals		(4)		(4)
At 31 March 2022		696		696
Accumulated	amortisation
At 1 April 2021		358		358
Charge for the	year	99		99
Disposals		(4)		(4)
At 31 March 2022		453		453
Net book value
At 31 March 2022		243		243
At 31 March 2021		63	162	225

			Assets	Short
		Land	Under	Leasehold	Fixtures,
		and	Con-	Improve-	Equipment and
		Buildings	struction	ments	Motor Vehicles	Total
		8000	F000	f000	OOOO	f000
Cost
At 1 April 2021		40,177	4,489	299	7,226	52, 'I91
Additions		195	637		1,328	2,160
Transfers			(139)		139
Disposals					(14)	(14)
At 31 March	2022	40,372	4,987	299	8,679	54,337
Accumulated	Depreciation
At 1 April 2021		5,059		291	5,791	1'l,141
Charge for	the year	767			762	1,530
Eliminated	on disposal				(14)	(14)
At 31 March	2022	5,826		292	6,539	12,657
Net book value
At 31 March	2022	34,546	4,987		2,140	41„680
At 31 March	2021	35,118	4,489		1,435	41,050

		Company	Company
		2022	2021
		OOOO	f000
Shares	in group undertakings	2,871	2,871
Listed	investments	6,562	3,633
		9,433	6,504

Other	investments	2022	2021
		f000	f000
Listed	Investments	6,562	3,633

		2022		2021
		OOOO		FOOO
Amounts falling due within one year:
Trade debtors		1,751		1,774
Other debtors		81	'	51
Prepayments	and accrued income	1,6?6		1,618
		3,508		3,443

16	Creditors:	amo	unts falling due withi	n one year
				2022	2021
				f000	&000
Bank loans				2,138	2,194
Trade creditors				3273	2,178
Amounts	owed to subsidiary		undertakings	2,871	2,871
Other creditors				559	510
Taxation	and social security			452	404
Accruals	and deferred	income		1,941	2,245
				11,234	10,402

				2022
				f000
Deferred	income at 1 April 2021			235
Resources deferred		in year		348
Amounts	released	from previous	periods	(2'l4)
Deferred	income at 31 March		2022	369

'i7 C	reditor	s: amounts falling due	after more than one year
			2022	2021
			OOOO	f000
Bank loans			?,673	9,809
Accruals			528	540
Deferred income			65	77
Derivative	financial	instruments	83	262
			8,349	10,688

Maturity of bank loans
	2022	2021
	OOOO	OOOO
In one year or less	2,138	2,194
In more than one year, but not more than
two years	2,138	2,138
In more than two years, but not more than
five years	5„016	6,094
In more than five years	519	1,577
	9,811	12,003

18	Financial Instru	ments
			2022	2021
			f000	OOOO
Financial	assets measured	at amortised
cost
	Trade debtors		1,751	1,774
	Accrued income		1,076	982
	Other debtors		81	51
Financial	assets at fair value	through
income and expenditure
	Listed investments		6,562	3,633
Financial assets			9,470	6,440
Financial	liabilities measured	at
amortised cost
	Trade creditors		3273	2,178
	Bank loans		9,811	12,003
	Amounts owed to subsidiary undertakings		2,871	2,871
	Accruals		2,010	2,550
	Other creditors		559	509
Financial liabilities measured		at fair value
through	income and expenditure
	Derivative financial	instruments	83	262
Financial liabilities			18,607	20,233

	Sussexdown	Maiden Castle	Total
	Legacy	Build
			f000
At 1 April 2021	242	93	335
Income		16	16
Transfers		(16)	('I6)
Expenditure	(20)	(16)	(36)
At 31 Nlarch 2022	222	77	299

			Designated	General	Total
			Funds	Funds
			OOOO	f000	f000
At 1 April 2021			32,050	19,180	51,230
Transfer from restricted		funds			16
Transfer			2,856	(2,856)
Income				46,723	46,723
Expenditure				(41,031)	(41,031)
Profits donated	by subsidiaries
Unrecognised	gains			(146)	(146)
At 31 March 2022			34,906	21,886	56,792

	Designated	Restricted	General	Total
	Funds	Funds	Funds	2022
	f000	OOOO	FOOO	OOOO
Fixed assets	44,717	77	6,562	51,356
Current assets		222	25,096	25,318
Current liabilities	(2,138)		(9,096)	(11,234)
Long term liabilities	(7,673)		(676)	(8,349)
Total Net Assets	34,906	299	21,886	57,091

ransactions	entered into a	nd balances outstandi	ng at 31 March 202	2:
		Recharges to related parties OOOO	Payments to reduce intercompany balance	Hive up transfer of trade	Amount by/(to)	owed related parties
			F000	f000		FOOO
Beauchamp House Nursing Home Ltd						(406)
Two Rivers Ltd	Investments					(2,465)

ransactions	entered into a	nd balances outstandi	ng at 31 March 202	1:
		Recharges to related parties FOOO	Payments to reduce intercompany balance	Hive up transfer of trade	Amount by	owed related parties
						OOOO
			f000	FOOO
Beauchamp House Nursing Home Ltd		174	442	(4,713)		(406)
Two Rivers Ltd	Investments	272	970	(2,145)		(2,465)

				2022	2021
				OOOO	f000
Net income (before	other recognised		gains and losses)	5,672	1,493
Impairment loss on	subsidiaries				7,670
Depreciation				1,530	1,238
Amortisation				99	43
Dividends received				(76)	(52)
interest received				(59)	(57)
Interest expensed				289	458
(Profit)/loss on disposal of fixed assets				(2)	46
Increase in debtors				(65)	(577)
Increase/(decrease)	in creditors			684	(1,318)
Net cash provided	by operating	activities		8,072	8,944

cance	ll	able operating leases:
			2022	2021
			Land	Land
			&Buildings	8 Buildings
			OOOO	f000
Within		one year	1,801	1,691
Within		2 to 5years	6,198	5,475
After	5	years	42,231	44,149

	At 1 April 2021	Cash flows	At 31 iNarch 2022
	F'000	E'000	F'000
Cash and cash equivalents
Cash	21,433	377	21,810
Overdrafts
	21,433		21,810
Borrowings
Debt due within one year	(2,194)	56	(2,138)
Debt due after one year	(9,809)	2, 'l36	(7,673)
	(12,003)	2,192	(9,811)
Total	9,430	2,569	11,999