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2023-03-31-accounts

Contents Page
Reference and administrative information
Trustees'
report		 2-14
Independent
auditor's		 report 15-17
Statement
offinancial		 activities 18
Balance sheet 19
Statement
ofcash flows		 20
Notes to the financial statements 21-32

Our Residents Putting our residents at the heart of at the heart of everything everything we do
Our Staff Recruit and retain the best staff and to become an employer ofchoice
Our Results Delivering
the highest		 quality
of patient		 centred care with compassion
and excellence
Our Facilities Offering an outstanding experience by ensuring the facilities ars homely
and of a high standard

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Co Co
Company
registered		 Company
registered		 Company
registered		 Company
registered		 number: 2721809 number: 2721809
2023 2022
(restated)
Notes 8
Fixed assets
Tangible assets 9 7,098,542 7,263,442
Investments 10 3,819,544 4,067,599
10,918,086 11,331,041
Current assets
Debtors 131,800 104,365
Cash at bank and in hand 889,664 688,096
1,021,464 792,461
Creditors: Amounts falling due within one
year 12 (353,674) (377,503)
Net current assets 667,790 414,958
Total assets less current liabilities 11,585,876 11,745,999
Creditors: Amounts falling due after more
than one year 13 (198,333) (268,333)
Net assets 18 11,387,543 11,477,666
Funds
Unrestricted Funds 14 11,387,543 11,477,666
Restricted Funds 15
Total funds 11,387,543 11,477,666
2023 2022
f 6
Cash flows from operating activities
Net cash provided
by operating
activities		 153,174 198,935
Cash flows from investing activities
Investment
income		 153,453 133,369
Purchase of tangible
fixed
Purchase
of investments		 assets ( 45,126)
(302,007)		 ( 68,306)
(552,495)
Proceeds from sale of investments 242,074 259,293
Net cash provided
by/(used		 In) investing activities 48,394 (228,139)
Net increase/(decrease)
in		 cash 201,568 (29,204)
Cash brought
forward
at 1 April		 688,096 717,300
Cash carried forward at 31 March 889,664 688,096
a) Reconciliation
of net movement		 In funds to net cash flow from operating activities
2023 2022
Net (expenditure)/income
for		 the year (90,123) 224,590
Adjustment
for:
Depreciation 210,026 215,828
Losses/(gains)
on investments		 307,988 (123,932)
Investment
income		 (153,453) (133,369)
(Increase)/decrease
in debtors		 (27,435) 22,307
Decrease
in creditors		 (93,829) (6,489)
153,174 198,935

2 D on ations and lega cies
2023 2022
Unrestricted Restricted Total Total
E E E E
Donations 10,019 10,019 20,206
Legacies 500 500
Coronavirus Jobs Retention Scheme grants 12,423
Other coronavirus grants 13 13 108,116
10,532 10,532 140,745
3 Income from charitable activities
2023 2022
Unrestricted Restricted Total Total
E E E
Residents' fees 4,122,529 4 122529 3827 708
4 Investment income
2023 2022
Unrestricted Restricted Total Total
E E E E
Rental income 70,020 70,020 70,000
Income from listed investments 78,441 78,441 60,390
Bank interest 1,879 1,879
Grazing rights 3,113 3,113 2,979
153,453 153,453 133,369

Expenditure
on charitable
activities
2023 2022
E E
Consultancy
fees		 41,617 51,741
Repairs and maintenance 130,019 110,676
Provisions 142,047 134,623
Utilities and rates 88,670 90,616
Legal and professional 2,454 766
Medical 82,021 60,220
Laundry 11,069 11,083
Training 9,763 12,073
Insurance 44,292 37,855
Registration
and subscriptions		 12,853 13,707
Donations
paid		 6,000
Other costs 30,424 28,246
Travel and transport 4,607 4,520
Premises costs 47,315 40,049
Residents'
welfare		 28,270 13,544
Marketing 850 4,889
Print, postage and stationery 90,845 93,368
IT and website costs 19,404 20,604
Staff uniforms
and welfare		 14,254 19,929
Consumables 64,449 54,943
Wages and salaries 2,676,915 2,673,630
National
insurance		 233,409 215,446
Pension cost 57,353 57,409
Depreciation 210,026 215,828
Governance
Audit fees 12,000 14,400
Accountancy
fees		 2,160
4,057,086 3,986,165

Anal ysis ofexpendit ure
by activity
2023 2022
Staff costs Depreciation Other costs Total Total
E E E E E
Raising funds
Investment management 18,253 18,253 17,759
Charitable activities 2,967,677 210,026 865,223 4,042,926 3,971,765
Governance costs 14,160 14,160 14,400
2,967,677 210,026 897,636 4,075,339 4,003,924

This is state d afte r ch arging:
2023 2022
F E
Depreciation 210,026 215,828
Auditor's remuneration - audit 10,800
Auditor's remuneration - accountancy 2,160
Previous auditor's remuneration - audit 1,200 12,000
8
Staff		 costs
2023 2022
E E.
Wages and salaries 2,676,915 2,673,630
Social security costs 233,409 215,446
Pension costs 57,353 57,409
2,967,677 2,946,485
Number Number
2023 2022
Average number ofemployees 99
Employees earning E60,000 - F70,000

9
Tangible fixed assets
Freehold Motor Fixtures and
property vehicles fittings Total
f 6 6
Cost or valuation
At 1 April 2022 (restated) 9,318,348 41,864 814,309 10,174,521
Additions 45,126 45,126
At 31 March 2023 9,318,348 41,864 859,435 10,219,647
Depreciation
At 1 April 2022 2,331,384 34,002 545,693 2,911,079
Charge for year 152,463 1,572 55,991 210,026
At 31 March 2023 2,483,847 35,574 601,684 3,121,105
Net book value
At 31 March 2023 6,834,501 6,290 257,751 7,098,542
At 31 March 2022 (restated) 6,986,964 7,862 268,616 7,263,442
10
Investments
Programme Investment
related land & Listed
Investments property securities Total
6 f F. 6
Valuation
At 1 April 2022 (restated) 1,690,000 160,000 2,217,599 4,067,599
Additions 302,007 302,007
Disposals (242,074) (242,074)
Revaluation (307,988) (307,988)
At 31 March 2023 1,690,000 160,000 1,969,544 3,819,544
Historical cost
At 31 March 2023 420,000 17,545 2,019,489 2,457,034
At 31 March 2022 420,000 17,545 1,935,715 2,373,260
11 Debtors Debtors
2023 2022
6 E
Trade debtors 50,956 39,531
Prepayments
Other debtors		 and accrued income 78,937
1,907		 64,742
92
131,800 104,365
12 Creditors: Amounts falling due within one year
2023 2022
E E
Trade creditors
Other tax and social security
Other creditors and accruals
Accruals and deferred
income		 43,347
49,940
64,172
196,215		 67,963
47,615
46,222
215,703
353,674 377,503
13 Creditors: Amounts falling due after more than one year
2023 2022
6 E
Accruals and deferred income 198,333 268,333
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Unrestrictedf Restricted
6		 Total
Fund balances at 31 March 2023 are represented by;
Tangible fixed
Investments		 assets 7,098,542
3,819,544		 7,098,542
3,819,544
Current assets 1,021,464 1,021,464
Creditors due within one year (353,674) (353,674)
Creditors due in more than one year (198,333) (198,333)
Total net assets at 31 March 2023 11,387,543 11,387,543
Unrestricted Restricted Total
5 f 5
Fund balances at 31 March 2022 are represented by:
Tangible fixed
Investments		 assets 7,263,442
4,067,599		 7263442
4,067,599
Current assets 792,461 792,461
Creditors due within one year (377,503) (377,503)
Creditors due in more than one year (268,333) (268,333)
Total net assets at 31 March 2022 11,477,666 11,477,666

eases wa s:
2023 2022
f f
Amounts
Within
1
Between		 payable:
year
2 and 5years		 4,248 5,889
4,248
4,248 10,137
Lease payments
recognised as expense		 5,889 5,889