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|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|
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|||Restricted|Unrestricted|Total Funds|Restricted|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||Fund 2023|Funds 2023|2023|Fund 2022|Funds 2022|2022|
|Income From:||||||||
|Donations
(note 6.2)|||2, 500|2,500||1,032|1,032|
|Chari tab(e activities:||||||||
|Residents
Fees (net of||||||||
|residents
pocket money)
(note 4)|||3,504,446|3,504,446||3,003,362|3,003,362|
|Other Income (note|5)||4,272|4,272|96,108|6,200|102,308|
|Investments
(note 6.1)|||510|510||237|237|
|Total Income|||3,511,728|3,511,728|96,108|3,010,831|3,106,939|
|Expenditure
on:
(note 7)||||||||
|Charitable
Activities||||||||
|Cost of residents||11,643|3,578,592|3,590,235|107,751|3,053,351|3,161,102|
|Total Expenditure||11,643|3,578,592|3,590,235|107,751|3,053,351|3,161,102|
|Net Income I
(Expenditure)||(11,643)|66,864)|(78,507)|(11,643)|42,520)|(54,163)|
|Gains on revaluation|of|||||||
|fixed assets|||50,000|50,000||||
|Net Movement
in funds||(11,643)|(16,864)|(28,507)|(11,643)|(42,520)|(54,163)|
|Funds balances at
1
2022|April|323,289|964,601|1,287,890|334,932|1,007,121|1,342,053|
|Transfer of funds||||||||
|Funds balances at 31
March 2023 (note 19)||311,646|947,737|1,259,383|323,289|964,601|1,287,890|
##
|||||THE TURNE|R HOME|||
|---|---|---|---|---|---|---|---|
|||||BALANCE|SHEET|||
|||||31 March|2023|||
||||Note||2023|2022||
|Fixed assets||||||||
|Tangible assets|||||1,367,266||1,305,118|
|Current assets||||||||
|Stocks|||12|10,173||19,573||
|Debtors|||13|430,440||578,188||
|Cash at bank|and in|hand||222,816||218,201||
|||||663,429||815,962||
|Liabilities||||||||
|Creditors:
amounts||falling|14|(741,312)||(793,190)||
|due within
one year||||||||
|Net current|assets||||(77,883)||22,772|
|Total assets|less current||||1,289,383||1,327,890|
|liabilities||||||||
|Long term liabilities|||16||(30,000)||(40,000)|
|Net assets|||||1,259,383||1,287, 890|
|Income Funds:||||||||
|Unrestricted
funds
Restricted
funds|||19,20
19,20||947,737
311,646||964,601
323,289|
|Total funds|||||1,259,383||1,287,890|
##
##
|||Notes|2023||2022||
|---|---|---|---|---|---|---|
|Cash flows from operating
activities|||||||
|Net Cash provided
by operating
activities||17||66,958||121,800|
|Cash flows from investing
activities|||||||
|Purchase of tangible
fixed assets|||(62,853)||(31,507)||
|Interest received|||510||237||
|||||(62,343)||(31,270)|
|Net cash provided
by investing
activities|||||||
|Cash flows from financing
activities|||||||
|Net cash provided
by financing
activities|||||||
|Net increase
in cash and cash equivalents
the year|in|||4,615||90,530|
|Cash and cash equivalents
at the beginning
on the year||||218,201||127,671|
|Total cash and cash equivalents
at the end
of the year||||222,816||218,201|
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|Income f|ro|m charitable
activities|||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Residents|Fees||3,504,446|3,003,362|
|Government||grants||96,108|
||||3,504,446|3,099,470|
##
|ther i|ncome - unrestricted|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Rent||3,740|4,080|
|Sundry|Income|532|2,120|
|||4,272|6,200|
##
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||||2023|2023|2023|
|---|---|---|---|---|---|
||||Activities|Support||
||||Undertaken|Costs|Total|
|Costs|directly|allocated to||||
|charitable
activities||||||
|Staff|costs||1,687,832||1,687,832|
|Legal|Et professional/payroll|||89,130|89,130|
|Et bookkeeping||fees||||
|Motor|expenses||2,452||2,452|
|Repairs and renewals|||113,922||113,922|
|Depreciation|||50,705||50,705|
|Domestic expenses|||406,928||406,928|
|Other|related service costs||1,055,106||1,055,106|
|Other|expenses||184,160||184,160|
||||3,501,105|89,130|3,590,235|
||||2022|2022|2022|
||||Activities|Support||
||||Undertaken|Costs|Total|
|Costs|directly|allocated to||||
|charitable
activities||||||
|Staff|costs||1,332,189||1,332,189|
|Legal|Et 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|
##
##
|Net income|for the|ye|ar|||
|---|---|---|---|---|---|
|||||2023|2022|
|This is stated|after|charging:||E|E|
|Revaluation|of tangible||fixed assets (note 11)|(50,000)||
|Audit fees (included||in|legal and professional)|9,000|8,996|
|Depreciation||||50,705|51,337|
|Other services performed
by auditor||||360||
|Staff costs|||||
|---|---|---|---|---|
||||2023|2022|
||||E||
|Wages and salaries|||1,526,372|1,216,745|
|Social security|costs||136,984|97,233|
|Pension costs|||24,476|18,211|
||||1,687,832|1,332,189|
|No employees|emoluments|exceeded E60,000.|||
##
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||||||||||No.|No.|
|---|---|---|---|---|---|---|---|---|---|---|
|Average|weekly|number|of|employees|during|the|year|was|||
|Nursing|staff||||||||62|51|
|Administration|||||||||5|6|
||||||||||67|57|
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##
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|||||At 1|||||At 31|
|---|---|---|---|---|---|---|---|---|---|
|Cost||||April 2022|Additions|Revaluation|Disposals||March 2023|
|||||E|E|E||E|E|
|Freehold|building|||1,300,000||50,000|||1,350,000|
|Fixtures,|fittings||and equipmen|162,190|57,146||||219,336|
|Motor vehicle||||19,274|||||19,274|
|Computers||||17,054|5,707||||22,761|
|||||1,498,518|62,853|50,000|||1,611,371|
|Depreciation||||At 1
April 2022|Charge for
year||Disposals||At 31 March
2023|
||||||E|||E|E|
|Freehold||building||52,000|21,745||||73,745|
|Fixtures,||fittings|and equipmen|114,809|24,902||||139,711|
|Motor vehicle||||19,274|||||19,274|
|Computers||||7,317|4,058||||11,375|
|||||193,400|50,705||||244,105|
|Net book||value||||At 1 April|2022
E|At|31 March
2023|
||||||||||E|
|Freehold||building||||1,248,|000||1,276,255|
|Fixtures,||fittings|and equipment|||47,|381||79,625|
|Motor vehicle||||||||||
|Computers||||||9,737|||11,386|
|||||||1,305,118|||1,367,266|
##
|12|Stock|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
||Food and||consumable
supplies|||10,173|19,573|
|13|Debtors|||||||
||Due within||one year|||2023|2022|
|||||||E|E|
||Residents'||Fees|||152,282|464,720|
||Other debtors|||||15,563|5,105|
||Prepayments
and accrued income|||||262,595|108,363|
|||||||430,440|578,188|
|14|Creditors|||||||
||Amounts|falling||due within|one year:|2023|2022|
|||||||E|E|
||Trade Creditors|||||303,712|282,787|
||Taxation||and Social Security|||42,808|24,642|
||Accruals|and Other Creditors||||346,357|351,549|
||Bank Loans|||||10,000|10,000|
||Deferred||income (note 15)|||38,435|124,212|
|||||||741,312|793,190|
|15|Deferred|Income||||||
|||||||2022|2022|
|||||||E|E|
||Balance as||at 1 April 2022|||124,212|21,426|
||Release of||deferred
income|||(124,212)|(21,426)|
||Income deferred|||in year||38,435|124,212|
||Balance as||at 31 March 2023|||38,435|124,212|
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||Bank loans and overdrafts|||||30,000|40,000|
|||||||30,000|40,000|
|17|Cash generated
from|operating||activities||||
|||||||2023|2022|
|||||||E|E|
||Net income/(expenditure)||for the year|||(28,507)|(54,163)|
||Depreciation
and amortisation|||of tangible|fixed assets|50,705|51,337|
||Revaluation
of tangible||fixed assets|||(50,000)||
||Interest received|||||(510)|(237)|
||Decrease/(increase)|in|stock|||9,400|(5,916)|
||Decrease/(increase)
(Decrease) /increase|in
in|debtors
creditors|||147,748
~61,878)|(190,094)
320,873|
||Net cash provided
by|operating||activities||66,958|121,800|
##
|as|es as follows:|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|In|one year or less|16,269|6,294|
|In|more than one year but not more than five years|5,302|3,722|
|||21,571|10,016|
##
##
||||||||||Balance|
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at|||Transfer|at 31|
||||||1 April
2022|Incoming
Resources|Resources
Expensed|between
funds|March
2023|
||||||E||E|E|E|
|New wing|fund||||58,000||(2,000)||56,000|
|Generator|fund||||10,000||||10,000|
|Eric Fisher||wing|fund||207,411||(8,643)||198,768|
|Lift fund|||||47,878||(1,000)||46,878|
|Total restricted|||funds||323,289||(11,643)||311,646|
|Unrestricted||funds|||964,601|3,561,728|(3,578,592)||947,737|
|Total unrestricted||||funds|964,601|3,561,728|3,578,592||947,737|
|Total funds|||||||||1,259,383|
##
##
|||||Balance at|||Transfer|Balance at|
|---|---|---|---|---|---|---|---|---|
|||||1 April|Incoming|Resources|between|31 March|
|||||2021|Resources|Expensed|funds|2022|
|||||E||E|E|E|
|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||||47,878||(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|||1,007,121|3,010,831|(3,053,351)||964,601|
|Total unrestricted|||funds|1,107,121|3,010,831|(3,053,351)||964,601|
|Total funds||||1,342,053|3,106,939|(3,161,102)||1,287,890|
##
|||2023|2023||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|2023 Total|
|||E|E|E|
|Tangible|Fixed Assets|1,065,620|301,646|1,367,266|
|Current|Assets|653,429|10,000|663,429|
|Current|Liabilities|(741,312)||(741,312)|
|Non-Current
Liabilities||30,000)||(30,000)|
|Total net assets||947,737|311,646|1,259,383|
|||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|
##
||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||||E|||
|Income|||||||||
|Residents' fees|||||3,504,446|||3,003,362|
|Grant Income||||||||96,108|
|Bank interest|||||510|||237|
|Rent receivable|||||3,740|||4,080|
|Donation|||||2,500|||1,032|
|Sundry
income|||||532|||2,120|
||||||3,511,728|||3,106,939|
|Expenditure|||||||||
|Salaries, wages and|national|insurance||1,663,356||1,313,978|||
|Pension related costs||||24,476||18,211|||
|Other related
service costs||||1,055,106||1,113,870|||
|Domestic expenses|||||||||
|Fuel, gas and electricity||||98,238||128,591|||
|Household
and laundry||||186,209||170,657|||
|Water rates||||20,555||21,559|||
|Insurance||||51,026||40,496|||
|Medical expenses||||44,181||36,422|||
|Chiropody||||6,720||6,720|||
|Repairs and modernisation||||113,922||95,103|||
|Administration
expenses|||||||||
|Postage and stationery||||4,519||2,870|||
|Recruitment
expenses||||72,517||21,083|||
|Telephone
and fax||||4,515||3,888|||
|Bank charges and interest||||430||522|||
|Subscriptions||||40,915||20,314|||
|IT expenses||||13,637||25,754|||
|Staff training
courses||||15,161||7,222|||
|Miscellaneous
expenses|||||||||
|Depreciation||||50,705||51,337|||
|Motor expenses||||2,452||5,684|||
|Audit/Accountancy|fees|||9,000||8,996|||
|Legal
Et professional/payroll||Et bookkeeping|fees|80,130||46,797|||
|Sundry expenses||||12,789||9,168|||
|Entertainment||||1,613||2,653|||
|Staff uniforms||||5,487||3,970|||
|Bank Interest
Paid||||1,133||1,250|||
|Travel expenses||||11,443||3,987|||
|Total expenditure|||||(3,590,235)|||(3,161,102)|
||||||(78,507)|||(54,163)|
|Other Income|||||||||
|Revaluation
Surplus|||||50,000||||
|Deficit for the year|||||(28,507)|||(54,163)|