| Contents | Page | |
|---|---|---|
| Board of Trustees' Report |
1-6 | |
| Independent Auditor's Report |
7-10 | |
| Statement of Financial Activities |
||
| Balance Sheet | 12 | |
| Statement of Cash Flows |
13 | |
| Notes to the Financial Statements | 14-25 | |
| Management Information Schedule |
—unaudited | 26 |
| E | G Tomlinson | ||
|---|---|---|---|
| K | Housley | (Chairman) | |
| B | EWaterson | ||
| S | P Draper | ||
| D | R Hughes | (Appointed | 1 September 2021) |
| A | Rowan | (Appointed | 18 March 2022) |
| H | S White | (Appointed | 18March 2022) |
| Bankers | Barclays Bank | Barclays Bank | pic, 48B Et 50 Lord Street, | Liverpool | L2 | 1TD | ||
|---|---|---|---|---|---|---|---|---|
| Solicitors/Company Secretary |
Brabners | LLP, | Horton House, Exchange Flags, Liverpool |
L2 3YL | ||||
| Auditor | Lonsdale | 8:Marsh, 509-510Cotton Exchange, Bixteth Street, Liverpool, |
L3 9LQ | |||||
| Registered | Office | Horton House, |
Exchange Flags, Liverpool | L2 3YL | ||||
| Charity number | 1022689 | |||||||
| Company | number | 02821762 |
| Restricted | Unrestricted | Total Funds | Restricted | Unrestricted | Total Funds | |
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2021 | |
| 2022 | 2022 | 2021 | 2021 | |||
| E | E | |||||
| E | E | |||||
| Income From: | ||||||
| Donations (note 6.2) |
1,032 | 1,032 | 1,345 | 1,345 | ||
| Charitable activities: |
||||||
| Residents' fees (net of |
3,003,362 | 3&003,362 | 2,602,383 | 2,602,383 | ||
| residents pocket money) |
||||||
| (note 4) | ||||||
| Other Income (notes 4 and 5) | 96,108 | 6,200 | 102,308 | 169,769 | 4,032 | 173,801 |
| Investments (note 6.1) |
237 | 237 | 212 | 212 | ||
| Total Income | 96,108 | 3,010,831 | 3,106,939 | 169,769 | 2,607,972 | 2,777,741 |
| Expenditure on: (note 7) |
||||||
| Charitable activities: |
||||||
| -Cost of residents | 107,751 | 3,053,351 | 3,161,102 | 181,412 | 2,704,511 | 2,885,923 |
| Total Expenditure | 107,751 | 3,053,351 | 3,161,102 | 181,412 | 2,704,511 | 2,885,923 |
| Net expenditure | (11,643) | (42,520) | (54,163) | (11,643) | (96,539) | (108,182) |
| Net Movement in funds |
(11,643) | (42,520) | (54,163) | (11,643) | (96,539) | (108,182) |
| Funds balances at 1 April 2021 | 1,007,121 | 1,342,053 | 346,575 | 1,103,660 | 1,450,235 | |
| Transfer offunds | ||||||
| Funds balances at 31 March | ||||||
| 2022 (note 19) | 323,289 | 964,601 | 1,287,890 | 334,932 | 1,007,121 | 1,342,053 |
| THE TURNER HOME | THE TURNER HOME | |||||
|---|---|---|---|---|---|---|
| BALANCE SHEET | ||||||
| 31 | March 2022 | |||||
| Notes | 2022 | 2021 | ||||
| Fixed assets | ||||||
| Tangible assets | 1,305,118 | 1,324,948 | ||||
| Current assets |
||||||
| Stock | 12 | 19,573 | 13,657 | |||
| Debtors | 13 | 578,188 | 388,094 | |||
| Cash at bank | and in | hand | 218,201 | 127,671 | ||
| Total current | assets | 815,962 | 529,422 | |||
| Liabilities | ||||||
| Creditors —amounts |
falling | due within | ||||
| one year | 14 | (793,190) | (462,317) | |||
| Net current | assets | 22,772 | 67,105 | |||
| Total assets | less current | liabilities | 1,327,890 | 1,392,053 | ||
| Long Term Liabilities | 16 | (40,000) | (50,000) | |||
| Net assets | 1,287,890 | 1,342,053 | ||||
| Income Funds: | ||||||
| Unrestricted | funds | 19,20 | 964,601 | 1,007,121 | ||
| Restricted funds |
19,20 | 323,289 | 334,932 | |||
| Total Charity | funds | 1,287,890 | 1,342,053 |
| THE | THE | TURNER HOME | TURNER HOME | ||||
|---|---|---|---|---|---|---|---|
| STATEMENT | OF CASHFLOWS 31 March | 2022 | |||||
| Notes | 2022 | 2021 | |||||
| E | E | ||||||
| Cash flows from | operating | ||||||
| activities | |||||||
| Net Cash provided activities |
by operating | 17 | 121,800 | 28,258 | |||
| Cash flows from | investing | ||||||
| activities | |||||||
| Purchase of tangible fixed |
assets | 11 | (31,507) | (10,915) | |||
| Interest received | 237 | 212 | |||||
| (31,270) | (10,703) | ||||||
| Net cash provided | by investing | ||||||
| activities | |||||||
| Cash flows from financing | |||||||
| activities | 50,000 | ||||||
| Net cash provided activities |
by financing | 50,000 | |||||
| Increase/(decrease) in cash and cash equivalents in the year |
90,530 | 67,555 | |||||
| Cash and cash equivalents beginning on the year |
at the | 127,671 | 60,116 | ||||
| Total cash and cash equivalents | |||||||
| at the end of the | year | 218,201 | 127,671 |
| Freehold | building | 2% | on cost | |
|---|---|---|---|---|
| Fixtures, | fittings | and equipment | 20% | on cost |
| Motor vehicles | 20% | on cost | ||
| Computer | 25% | on cost |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Residents' | fees | 3,003,362 | 2,625,092 | |||
| Irrecoverable | expenditure | for | residents | (22,709) | ||
| Government | grants | 96,108 | 169,769 | |||
| 3,099,470 | 2,752,152 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| Rent | 4,080 | 3,400 | |
| Sundry | Income | 2,120 | 632 |
| 6,200 | 4,032 |
| 2022 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|
| Activities | Support | |||||
| Undertaken | Costs | Total | ||||
| Costs | directly | allocated to | ||||
| charitable activities |
||||||
| Staff | costs | 1,332,189 | 1,332,189 | |||
| Legal | & professional/payroll | 55,793 | 55,793 | |||
| Et bookkeeping | fees | |||||
| Motor | expenses | 5,684 | 5,684 | |||
| Repairs and renewals | 95,103 | 95,103 | ||||
| Depreciation | 51,337 | 51,337 | ||||
| Domestic expenses | 404,445 | 404,445 | ||||
| Other | related service | costs | 1,113,870 | 1,113,870 | ||
| Other | expenses | 102,681 | 102,681 | |||
| 3,105,309 | 55,793 | 3,161,102 | ||||
| 2021 | 2021 | 2022 | ||||
| Activities | Support | |||||
| Undertaken | Costs | Total | ||||
| Costs | directly | allocated to | ||||
| charitable activities |
||||||
| Staff | costs | 1,405,001 | 1,405,001 | |||
| Legal | Et professional | / payroll | 50,895 | 50,895 | ||
| Et bookkeeping | fees | |||||
| Motor | expenses | 2,993 | 2,993 | |||
| Repairs and renewals | 89,652 | 89,652 | ||||
| Depreciation | 51,519 | 51,519 | ||||
| Domestic expenses | 353,643 | 353,643 | ||||
| Other | related service | costs | 851,242 | 851,242 | ||
| Other | expenses | 80,978 | 80,978 | |||
| 2,835,028 | 50,895 | 2,885,923 |
| Net income for the year | |||
|---|---|---|---|
| 2022 | 2021 | ||
| This is stated after charging: | E | E | |
| Audit fees (included in legal and professional) |
8,996 | 8,492 | |
| Depreciation | 51,337 | 51,519 | |
| Other services performed | by auditor | 600 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | E | ||||
| Wages and salaries | 1,216,745 | 1,271,647 | |||
| Social security | costs | 97,233 | 101,096 | ||
| Pension costs | 18,211 | 32,258 | |||
| 1,332, 189 | 1,405,001 | ||||
| The emoluments | of higher paid employees | fell within the following | ranges: | ||
| 2022 | 2021 | ||||
| No. | No. | ||||
| 660,000 - E70,000 | 1 |
| No. | No. | ||
|---|---|---|---|
| Average weekly number of employees | during the year was | ||
| Nursing staff | 51 | 63 | |
| Administration | 6 | 5 | |
| 57 | 68 |
| At 1 | At 31 | |||||
|---|---|---|---|---|---|---|
| Cost | April 2021 | Additions | Disposals | March 2022 | ||
| E | E | E | E | |||
| Freehold | building | 1,300,000 | 1,300,000 | |||
| Fixtures, | fittings | and equipment | 134,126 | 28,064 | 162,190 | |
| Motor vehicle | 19,274 | 19,274 | ||||
| Computers | 13,611 | 3,443 | 17,054 | |||
| 1,467,011 | 31,507 | 1,498,518 | ||||
| Depreciation | At 1 | Charge for | At 31 March | |||
| April 2021 | year | Disposals | 2022 | |||
| E | E | E | E | |||
| Freehold | building | 26,000 | 26,000 | 52,000 | ||
| Fixtures, | fittings | and equipment | 94,049 | 20,760 | 114,809 | |
| Motor vehicle | 19,274 | 19,274 | ||||
| Computers | 2,740 | 4,577 | 7,317 | |||
| 142,063 | 51,337 | 193,400 |
| Net book | value | At 1 April 2021 | At 31 March | |
|---|---|---|---|---|
| E | 2022 | |||
| E | ||||
| Freehold | building | 1,274,000 | 1,248,000 | |
| Fixtures, | fittings | and equipment | 40,077 | 47,381 |
| Motor vehicle | ||||
| Computers | 10,871 | 9,737 | ||
| 1,324,948 | 1,305,118 |
| 12 | Stock | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | E | ||||||
| Food and | consumable | supplies | 19,573 | 13,657 | |||
| 13 | Debtors | ||||||
| Due within one |
year | 2022 | 2021 | ||||
| E | E | ||||||
| Residents' | Fees | 464,720 | 280,711 | ||||
| Other debtors | 5,105 | 9,655 | |||||
| Prepayments and accrued income |
108,363 | 97,728 | |||||
| 578,188 | 388,094 | ||||||
| 14 | Creditors | ||||||
| Amounts | falling | due within | one year: | 2022 | 2021 | ||
| E | E | ||||||
| Trade Creditors | 282,787 | 117,875 | |||||
| Taxation | and Social Security | 24,642 | 46,258 | ||||
| Accruals | and Other Creditors | 351,549 | 276,758 | ||||
| Bank Loans | 10,000 | ||||||
| Deferred | income (note 15) | 124,212 | 21,426 | ||||
| 793,190 | 462,317 | ||||||
| 15 | Deferred Income | ||||||
| 2022 | 2021 | ||||||
| E | E | ||||||
| Balance as | at 1 April 2021 | 21,426 | 23,803 | ||||
| Release of | deferred income |
(21,426) | (23,803) | ||||
| Income deferred | in year | 124,212 | 21,426 | ||||
| Balance as | at 31 March | 2022 | 124,212 | 21,426 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Bank | loans | and | overdrafts | 40,000 | 50,000 |
| 40,000 | 50,000 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Net income/(expenditure) for Depreciation and amortisation Interest received |
the year of tangible |
fixed assets | (54,163) 51,337 (237) |
(108,182) 51,519 (212) |
| Decrease/(increase) in stock Decrease/(increase) in debtors (Decrease) /increase in creditors Net cash provided by operating activities |
(5,916) (190,094) 320,873 121,800 |
(5,726) 42,651 48,208 28,258 |
| s f | ollows: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| In In |
one year or less more than one year but not more than five years |
6,294 3,722 10,016 |
3,286 2,411 5,697 |
| Balance | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Transfer | at 31 | ||||||
| 1 April | Incoming | Resources | between | March | ||||
| 2021 | Resources | Expensed | funds | 2022 | ||||
| E | E | E | E | |||||
| Restricted | general | funds | ||||||
| New wing fund | 60,000 | (2,000) | 58,000 | |||||
| Generator | fund | 10,000 | 10,000 | |||||
| Eric Fisher | wing | fund | 216,054 | (8,643) | 207,411 | |||
| Lift fund | 48,878 | (1,000) | 47,878 | |||||
| Covid-19 Support | Grants | 96,108 | (96,108) | |||||
| Total restricted | funds | 334,932 | 96,108 | (107,751) | 323,289 | |||
| Unrestricted | funds | |||||||
| Unrestricted | funds | 1,007,121 | 3,010,831 | (3,053,351) | 964,601 | |||
| Total unrestricted | funds | 1,007,121 | 3,010,831 | (3,053,351) | 964,601 | |||
| Total funds | 1,342,053 | 3,106,939 | (3,161,102) | 1,287,890 |
| Balance at | Transfer | Balance at | |||||
|---|---|---|---|---|---|---|---|
| 1 April | Incoming | Resources | between | 31 March | |||
| 2020 | Resources | Expensed | funds | 2021 | |||
| E | E | E | E. | ||||
| Restricted | general | funds | |||||
| New wing fund | 62,000 | (2,000) | 60,000 | ||||
| Generator | fund | 10,000 | 10,000 | ||||
| Eric Fisher | wing fund | 224,697 | (8,643) | 216,054 | |||
| Lift Fund | 49,878 | (1,000) | 48,878 | ||||
| COVID-19 Support | Grants | 169,769 | (169,769) | ||||
| Total restricted funds |
346,575 | 169,769 | (181,412) | 334,932 | |||
| Unrestricted | funds | ||||||
| Unrestricted | funds | 1,103,660 | 2,607,972 | (2,704,511) | 1,007,121 | ||
| Total unrestricted | funds | 1,103,660 | 2,607,972 | (2,704,511) | 1,007,121 | ||
| Total funds | 1,450,235 | 2,777,741 | (2,885,923) | 1,342,053 |
| 2022 | 2022 | |||
|---|---|---|---|---|
| Unrestricted | restricted | |||
| funds | funds | 2022 Total | ||
| E | E | E. | ||
| Tangible | Fixed Assets | 991,829 | 313,289 | 1,305,118 |
| Current | Assets | 805,962 | 10,000 | 815,962 |
| Current | Liabilities | (793,190) | (793,190) | |
| Non-Current Liabilities |
40,000) | (40,000) | ||
| Total net assets | 964,601 | 323,289 | 1,287,890 |
| 2021 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | restricted | |||
| funds | funds | 2021 Total | ||
| E | E | E | ||
| Tangible | Fixed Assets | 1,000,016 | 324,932 | 1,324,948 |
| Current | Assets | 519,422 | 10,000 | 529,422 |
| Current | Liabilities | (462,317) | (462,317) | |
| Non-Current Liabilities |
(50,000) | (50,000) | ||
| Total net assets | 1,007,121 | 334,932 | 1,342,053 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||
| Residents' fees | 3,003,362 | 2,625,092 | |||||||
| Irrecoverable expenditure |
for residents | (22,709) | |||||||
| 3,003,362 | 2,602,383 | ||||||||
| Grant Income | 96,108 | 169,769 | |||||||
| Bank interest | 237 | 212 | |||||||
| Rent receivable | 4,080 | 3,400 | |||||||
| Donation | 1,032 | 1,345 | |||||||
| Sundry income | 2,120 | 632 | |||||||
| 3,106,939 | 2,777,741 | ||||||||
| Expenditure | |||||||||
| Salaries, wages | and | national | insurance | 1&313,978 | 1,372,743 | ||||
| Pension related | costs | 18,211 | 32,258 | ||||||
| Agency staffing | costs | 1,113,870 | 851,242 | ||||||
| Domestic expenses | |||||||||
| Fuel, gas and electricity | 128,591 | 85,480 | |||||||
| Household and |
laundry | 170,657 | 173,427 | ||||||
| Water rates | 21,559 | 20,355 | |||||||
| Insurance | 40,496 | 30,119 | |||||||
| Medical expenses | 36,422 | 37,542 | |||||||
| Chiropody | 6,720 | 6,720 | |||||||
| Repairs and modernisation | 95,103 | 89,652 | |||||||
| Administration | expenses | ||||||||
| Postage and stationery | 2,870 | 3,554 | |||||||
| Recruitment expenses |
21,083 | 800 | |||||||
| Telephone and |
fax | 3,888 | 3,367 | ||||||
| Bank charges and interest | 522 | 423 | |||||||
| Subscriptions | 20,314 | 14,203 | |||||||
| IT expenses | 25,754 | 23,445 | |||||||
| Staff training courses |
7 222 | 1,880 | |||||||
| Miscellaneous | expenses | ||||||||
| Depreciation | 51,337 | 51,519 | |||||||
| Motor expenses | 5,684 | 2,993 | |||||||
| Audit/Accountancy | fees | 8,996 | 8,492 | ||||||
| Legal ft professional/payroll | Et bookkeeping | fees | 46,797 | 42,403 | |||||
| Sundry expenses | 9,168 | 15,129 | |||||||
| Entertainment | 2,653 | 428 | |||||||
| Staff uniforms | 3,970 | 6&413 | |||||||
| Bank Interest Paid |
1,250 | ||||||||
| Travel expenses | 3,987 | 11,336 | |||||||
| Total expenditure | (3,161,102) | (2&885,923) | |||||||
| Deficit for the | year | (54,163) | (108,182) |