## ## |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|