JL Bethesda Eventide Homes Registered charity number: 1051043 Report and Accounts Year ended 31 December 2022
| ontents | |
|---|---|
| Pages | |
| Trust Information | 3 |
| Trustees' Report | 4-9 |
| Auditor's Report | 10-13 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15 |
| Cash Flow Statement | 16 |
| Notes to the Accounts | 17-26 |
| Trustees | Mrs Karen Fairweather | Chairperson |
|---|---|---|
| Mrs Melanie Armstrong | Secretary | |
| Mr Paul Gooderham | Treasurer | |
| Mr Andrew Wright | ||
| Mrs Christine Jaye | ||
| Mr Terry Mann | ||
| Mrs Janet Gunner |
| Mrs Sheila Aldous | Chairperson-Retired 17.01.22 |
|---|---|
| Mrs Karen Fairweather | Chairperson - w.e.f. 17.01.22 |
| Mrs Melanie Armstrong | Secretary |
| Mr Paul Gooderham | Treasurer |
| Mr Andrew Wright | |
| Mrs Christine Jaye | |
| Mr Terry Mann | |
| Mrs Janet Gunner |
| Recommended categories | Details of | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| byactivity | own analysis | funds | income funds | 2022 | 2021 | |
| Income from: | ||||||
| Notes | £ | £ | £ | £ | ||
| Donations | Donations, legacies etc. | 3.1 | 32,120 | - | 32,120 | 22,012 |
| Investments | Interest received | 3.2 | 590 | - | 590 | 198 |
| Charitable activities | Care Fees, Dining room income. |
33 | 1,335,867 | - | 1,335,867 | 1,093,173 |
| Other | 3.1 | 19,123 | 48,724 | 67,847 | 106,870 | |
| Total Incomingresources | 1,387,700 | 48,724 | 1,436,424 | 1,222,253 | ||
| £ | £ | £ | £ | |||
| Expenditure on charitable activities |
In furtherance of the Charity's objectives |
3.4 | 1,314,243 | 48,724 | 1,362,967 | 1,221,448 |
| £ | £ | £ | £ | |||
| Net incomingresources | 73,457 | - | 73,457 | 805 | ||
| Total funds brought forward | 10.1 | 1,437,958 | - | 1,437,958 | 1,437,153 | |
| Total fundscarried forward | 10.1 | 1,511,415 | - | 1,511,415 | 1,437,958 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | income funds | 2022 | 2021 | |||
| Fixed Assets | ||||||
| Notes | £ | £ | £ | £ | ||
| Buildings | 53 | 1,073,463 | - | 1,073,463 | 1,063,561 | |
| Moveable Items | 53 | 28,030 | - | 28,030 | 26,074 | |
| Total fixed assets | 1,101,493 | - | 1,101,493 | 1,089,635 | ||
| Current assets | ||||||
| Stock | 9 | 620 | - | 620 | 620 | |
| Debtors | 7 | 30,684 | - | 30,684 | 13,088 | |
| Short term i nvestments | 6 | 62,687 | - | 62,687 | 62,286 | |
| Cash atbankand in | hand | 6 | 386,394 | - | 386,394 | 371,785 |
| Total current assets | 480,385 | - | 480,385 | 447,779 | ||
| Creditors:amountsfalling due within one year | 8 | (70,463) | - | (70,463) | (99,456) | |
| Net current assets | 409,922 | - | 409,922 | 348,323 | ||
| Total assets less current liabilities being net assets | 1,511,415 | 1,511,415 | 1,437,958 | |||
| Funds of the | Charity | |||||
| Unrestricted funds - | Designated | 10.1 | 92,653 | 92,653 | 101,458 | |
| Unrestricted funds - | General | 10.1 | 1,418,762 | 1,418,762 | 1,336,500 | |
| Restrictedfunds | 10.1 | |||||
| Total funds | 1,511,415 | 1,511,415 | 1,437,958 | |||
| Signed on behalf of the Board of Trustees | ||||||
| Signature | Print Name | Date of Approval | ||||
| Mrs Melanie Armstrong | n _hi _ | in | ||||
| p | __ | Mr Paul Gooderham | \~) cn | \xh |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Profi t for the fi na nci a 1 yea r | 73,457 | 805 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 40,246 | 36,116 |
| (lncrease)/decrease in debtors | (17,596) | 11,848 |
| (Decrease)/increase increditors | (28,993) | 16,485 |
| Interest receivable | (590) | (198) |
| Net cash generated from operations | 66,524 | 65,056 |
| Cash flowsfrom investing activities | ||
| Purchase of tangiblefixed assets | (52,104) | (4,300) |
| Movement in cash investments | (401) | (197) |
| Interest received | 590 | 198 |
| Net cash used in investing activities | (51,915) | (4,299) |
| Net Increase in cash and cash equivalents | 14,609 | 60,757 |
| Cash and cash equivalents at the beginning of the year | 371,785 | 311,028 |
| Cash and cash equivalentsat the end of the year | 386,394 | 371,785 |
| Recognition of incoming | These are included in the Statement of Financial Activities {’SoFA") when: |
|---|---|
| resources | •the Charity becomes entitled to the resources; |
| • it is probable thattheywill receive the resources; and | |
| • the monetary value can be measuredwithsufficient reliability. | |
| Incoming resources with related | Where incoming resources have related expenditure (as with fundraising or contract |
| expenditure | income) theincomingresources and related expenditure are reported gross in the SoFA. |
| Grants and donations | Grants and donations areonlyincludedin the SoFAwhen theCharityhas unconditional |
| entitlement to the resources and receipt is considered probable. | |
| Government grants | Government grants are recognised in the Statement of Financial Activities when the |
| Charityhas entitlement to the grant, it is probable that thegrant will bereceived and the | |
| amount of the grant can be measured reliably. | |
| Tax reclaims on donations and | Incoming resources from tax reclaims are included in theSoFAat the same time as the |
| gifts | gift to which they relate. |
| Contractual income and | This is onlyincluded in the SoFA once the related goods or services have been delivered. |
| performance related grants | |
| Gifts in kind | Gifts in kind are accountedfor at a reasonable estimate of their value to the Charity or the |
| amount actually realised. | |
| Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or | |
| distributed by the Charity. | |
| Gifts in kindfor use by the Charity are included in the SoFA as incoming resources when | |
| receivable. | |
| Legacies | All incoming resources are included in the SoFAwhen the Charity is legally entitled to the |
| income and theamount can be quantified with reasonable accuracy and receipt is | |
| assessed to be probable. For legacies, entitlement is the earlier of the Charity being | |
| notified of an impending distribution or the legacy being received. | |
| Donated services and facilities | These are onlyincluded in incoming resources (with an equivalent amount in resources |
| expended) where the benefit to the Charity is reasonably quantifiable, measurable and | |
| material. The value placed on these resources is the estimated value to the Charity of the | |
| service or facility received. | |
| Volunteer help | The value of any voluntary help received is not included in the Accounts but is described in |
| the Trustees’ Annual Report. | |
| Investment income | |
| Investment gains and losses | This includes any gain or loss on the saleof investments andany gain or loss resulting |
| from revaluing investments to market valueat the end of the year. | |
| Fund accounting | General funds are unrestricted funds which areavailable foruseat the discretion of the |
| Trustees in furtherance of the general objectives of the Charity and which have not been | |
| designatedfor other purposes. | |
| Designated funds comprise unrestricted funds that have been set asideby the trustees | |
| for particular purposes. The aim and useof each designated fond is set out in note 10 to | |
| the Accounts. Restricted funds are funds which are to be used in accordance with | |
| specific restrictions imposedby donors or which have been raised by the Charity for | |
| particular purposes. The cost of raising andadministering such funds are charged | |
| against thespecific fund. The aim and use of each restricted fund is set out in note 10 to | |
| the Accounts. |
| Resources expended | All expenditure is accouted for on an accruals basis and has beenclassified |
|---|---|
| under headings that aggregate all costs related tothe category. Where costs | |
| cannot be directly attributed toparticular headings they have been allocated to | |
| activates on a basis consistent with use of the resources. | |
| Liability recognition | Liabilities are recognised when there is a legal or constructive obligation |
| committing the Charity to payout resources and payment is probable. | |
| Pension plan | TheCharity operates a defined contribution planfor the benefit of its employees. |
| Contributions areexpensed as they become payable. | |
| Governance costs | Indude costs of the preparation and examination of statutory accounts, the costs |
| of Trustee meetings and cost of any legal advice to Trustees on governance or | |
| constitutional matters. |
| Assets | |
|---|---|
| Tangible fixed assets for use by | These are capitalised if theycan be used for morethan one year,and cost at |
| Charity | least£1.000. They are valued at cost or a reasonable value on receipt. |
| Investments | Shortterm investments are those funds heldin deposit accounts or equivalent. |
| Fixed Asset investments:Investments quoted on a recognised stock exchange | |
| are valued atmarket value at the year end. Other investment assets are | |
| included at Trustees' best estimate of market value. | |
| Stocks and work in progress | These are valued at the lower of cost or net realisable value. |
| Depreciation policy | Depreciation is charged on a straight line basis at the followingrates: |
| Freehold Property 1% Property Improvements 10%&20% |
|
| Furniture and Fittings 10% Equipment 20% |
|
| Cash and cash equivalents | Cash is represented by cash in hand and deposits withfinancial institutions |
| repayable without penalty on notice of not more than 24 hours. Cashequivalents | |
| are highly liquid investments that mature in no more than three months from the | |
| date of acquisition and that are readily convertible to known amounts of cash | |
| with insignificant risk of change in value. Inthe Cash FlowStatement,cash and | |
| cash equivalents are shown net of bank overdrafts that arerepayableon | |
| demandand form an integral part of the Charity's cash management. | |
| Other accounting policies | : |
| Operating leases | Rentals in respect of operating leases, where substantially all the benefits and |
| risks of ownership remain with the lessor,are charged to theSoFAas incurred. | |
| Taxation | The Charity is exempt from taxon income andgainstothe exlentthat such |
| income and gains are applied to its Charitableobjectives. No corporation tax | |
| chargearises for the year. | |
| Judgements in applying accounting | Inpreparing theseaccounts theTrustees have had to make the following |
| policies and key sources of | judgements: Valuation of property. The freehold property is valued at historical |
| estimation uncertainity | cost rather than valuation. This is on the basis that it is held forlong term use as |
| part of the business |
| Unrestricted | Restricted | Total funds | Totalfunds | ||
|---|---|---|---|---|---|
| funds | incomefunds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 3.1 Otherincome | Donations | 632 | - | 632 | 12 |
| Legacies | 31,488 | 31,488 | 22,000 | ||
| Amenityfund | 19,123 | 19,123 | 3,052 | ||
| Government grants | - | 48,724 r | 48,724 | 103.818 | |
| Total | 51,243 | 48,724 | 99,967 | 128482 | |
| Government grants represent amounts received during the current and prioryearfrom Local Authorities in order to support the Charity during the | |||||
| Covid-19 pandemic |
| 3.2 Investment income | Deposit account | 590 | - | 590 | 198 |
|---|---|---|---|---|---|
| Total | 590 | • | 590 | 198 | |
| 3.3Incoming resources from charitable | Residential care fees | 1.335,719 | 1,335,719 | 1,092,521 | |
| activities | |||||
| Dining roomincome | 148 | - | 148 | 652 | |
| Total | 1,335,867 | - | 1435,867 | 1,093,173 | |
| 3.4Expenditure on charitable activities | Staff wages & payroll overheads | 903,125 | 48,724 | 951,849 | 876,900 |
| Food | 49,405 | 49,405 | 39.517 | ||
| Energy,water,council tax | 36,793 | 36,793 | 30,644 | ||
| General supplies | 24,142 | - | 24,142 | 27.517 | |
| Garden | 26,515 | - | 26,515 | 18,920 | |
| Equipment | 17405 | 17,105 | 13,145 | ||
| Facility maintenance | 87448 | 87,248 | 68,288 | ||
| Insurance | 7,671 | 7,671 | 5,722 | ||
| Office,fees etc | 23,089 | - | 23,089 | 26,776 | |
| Employers national Insurance | 50,079 | 50,079 | 48,579 | ||
| Employers pension costs | 14,638 | 14,638 | 14,274 | ||
| Training | 4,121 | - | 4,121 | 3,872 | |
| Depreciation | 40,246 | 40,246 | 36,116 | ||
| Audit fee | 8,000 | - | 8,000 | 7,500 | |
| Amenityexpenditure | 22,066 | - | 22,066 | 3,678 | |
| Total | 1,314443 | 48,724 | 1,362467 | 1421,448 |
| 2022 2021 |
|
|---|---|
| £ £ |
|
| Gross salaries and agency costs 951,849 876,900 |
|
| Employer's national insurance costs 50,079 48,579 |
|
| 4.1 Staff costs | |
| Employer's pension costs 14,638 14,274 |
|
| Total 1,016,566 939,753 |
|
| 2022 2021 |
|
| number number |
|
| Charitable activities 59 54 |
|
| 4.2 Average number of employees in the year |
Governance 1 1 |
| Total 60 55 |
|
| 4.3 Trustees remuneration and | No emoluments were payable to theTrustees for their qualifying services inthe |
| Trustees expenses | year (2021: £Nil). No expenses were reimbursed to the Trustees in theyear (2021: £Nil). |
| 4.4 High Paid Staff | No staffmember is paid in excess of £60,000 per annum (2021: None). |
| 4.5 Related party transactions | There were no related party transactions in the year ended 31 December 2022 (2021: Nil). |
| The key managementpersonnel of theCharity comprises theTrustees and senior | |
| management. The total amount of employee benefits (includingemployer pension | |
| contributions and employers national insurance contributions) received bykey | |
| management personnel for theirqualifying servicesto the Charity in the yearwas | |
| £119,256 (2021: £115,240). |
| Original buildings |
Building extension 1985 |
Building development 1991 |
Building development 2009 |
Improvement | Fixtures, fittings & equipment |
Total | |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | £ | |
| Balance brought forward | 16,145 | 68,968 | 334,277 | 836,652 | 194,380 | 207,847 | 1,658,269 |
| Additions | - | - | - | - | 36,626 | 15,478 | 52,104 |
| Balance carried forward | 16,145 | 68,968 | 334,277 | 836,652 | 231,006 | 223,325 | 1,710373 |
| 5.2 Accumulated depreciation | and impairment provisions | ||||||
| Basis | Straight Line |
Straight Line |
Straight Line |
Straight Line |
Straight Line |
Straight Line |
Total |
| Rate | 1% | 1% | 1% | 1% | 10% | 10% & 20% | |
| Balance brought forward | 8,814 | 26,214 | 99,800 | 100,404 | 151,629 | 181,773 | 568,634 |
| Depreciation charge foryear | 161 | 691 | 3,350 | 8,368 | 14,154 | 13,522 | 40,246 |
| Balance carried forward | 8,975 | 26,905 | 103,150 | 108,772 | 165,783 | 195,295 | 608,880 |
| 5.3 Net book value | |||||||
| Brought forward | 7,331 | 42,754 | 234,477 | 736,248 | 42,751 | 26,074 | 1,089,635 |
| Carried forward | 7,170 | 42,063 | 231,127 | 727,880 | 65,223 | 28,030 | 1,101,493 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash at bank | ||
| Current accounts | 386,042 | 371,319 |
| Petty cash account | 352 | 466 |
| 386,394 | 371,785 | |
| Shortterm investments | ||
| Deposit account | 61,044 | 60,643 |
| Investment account | 1,643 | 1,643 |
| 62,687 | 62,286 | |
| Total | 449,081 | 434,071 |
| Note 7 - Debtors and Prepayments | ||
|---|---|---|
| Analysis of debtors | Amounts falling due | within one year |
| 2022 | 2021 | |
| £ | £ | |
| Resident fees outstanding | 16,723 | 7,480 |
| Fees & insurances prepaid | 2,913 | 1,302 |
| Service contracts prepaid | 4,571 | 4,306 |
| Capital deposit | 6,477 | - |
| Total | 30,684 | 13,088 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Tradecreditors | 11,238 | 6,986 | ||
| Staff costs | 36,194 | 35,459 | ||
| Residents fees paid in advance | 11,188 | 25,978 | ||
| PAYE/NIC/Pension | 3,843 | 23,533 | ||
| Audit fee | 8,000 | 7,500 | ||
| Total | 70,463 | 99,456 |
| Amounts falling due | |||
|---|---|---|---|
| within one year | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Food stock | 620 | 620 | |
| Total | 620 | 620 |
| 10.1 Movement of Funds | |||||||
|---|---|---|---|---|---|---|---|
| Fund balances at 1 January 2022 |
Incomi ng resources |
Outgoing resources „ , Transfers |
Gams and losses |
Fund balances at 31 December 2022 |
|||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Funds | |||||||
| General Funds | |||||||
| General fund | 1,336,500 | 1,356,212 | (1,273,950) | - | 1,418,762 | ||
| Designated Funds | |||||||
| Maintenance fund | 42,005 | - | - | 42,005 | |||
| Benevolent fund | 37,453 | - | - | - | 37,453 | ||
| Legacyfund | 22,000 | 31,488 | (40,293) | - | 13,19S | ||
| Total Designated Funds | 101,458 | 31,488 | (40,293) | - | 92,653 | ||
| Total Unrestricted Funds | 1,437,958 | 1,387,700 | (1314,243) | - | 1,511,415 | ||
| Restricted Funds | |||||||
| Infectioncontrol fund | 9,468 | (9,468) | - | ||||
| PPE fund | - | 31,672 | (31,672) | ||||
| Rapid test fund | - | 6,584 | (6,584) | • | - | ||
| Apprentices | - | 1,000 | (1,000) | - | - | ||
| Total Restricted Funds | - | 48,724 | (48,724) | - | - | ||
| Total of Funds | ______ 1,437,958 | 1,436,424 | (1,362,967)______ | -__-_____1,511,415 | |||
| Unrestricted Funds | |||||||
| Thesefunds relate to unrestricted income tobe usedtosupport | the Charity's objectives. |
| Comparitive table for 2021 | Fund balances at 1 January 2021 |
Incoming resources |
Incoming resources |
Outgoing resources |
Transfers | Gains and losses |
Fund balances at 31 December 2021 |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Funds | |||||||
| General Funds | |||||||
| General fund | 1,355,075 | 1,121,038 | (1,165,952) | 26,339 | 1,336,500 | ||
| Designated Funds | |||||||
| Maintenance fund | 42,005 | 42,005 | |||||
| Benevolent fund | 37,453 | - | - | 37,453 | |||
| legacy fund | 22,000 | - | - | - | 22,000 | ||
| Total Designated Funds | 79,458 | 22,000 | 101,458 | ||||
| Total Unrestricted Funds | 1,434,533 | 1,143,038 | (1,165352) | 26339 | - | 1,437,958 | |
| RestrictedFunds | |||||||
| Infection control fund | 318 | 39377 | (39,695) | - | - | ||
| PPEfund | 2,302 | - | (2,302) | - | - | - | |
| Rapid test fund | - | 39,838 | (13,499) | (26,339) | - | - | |
| Total Restricted Funds | 2,620 | 79,215 | (55,496) | (26339) | - | - | |
| Total of Funds | 1,437,153 | 1,222,253 | 1,221,448 | - | - | 1,437,958 |
| Tangible Fixed Assets |
Net Current Assets |
Creditors > 1 year |
Total Funds | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Unrestricted Funds | |||||
| General fund | 1,101,493 | 317,269 | 1,418,762 | ||
| Maintenance fund | 42,005 | 42,005 | |||
| Benevolent fund | - | 37,453 | - | 37,453 | |
| Legacy fund | - | 13,195 | - | 13,195 | |
| 1,101,493 | 409,922 | 1311,415 | |||
| Restricted Funds | - | - | |||
| Total Funds | 1,101,493 | 409,922 | 1,511,415 | ||
| ComparativeTablefor 2021 | |||||
| Tangible Fixed | NetCurrent | Creditors > 1 | Total Funds | ||
| Assets | Assets | year | |||
| £ | £ | £ | £ | ||
| Unrestricted Funds | |||||
| General fund | 1,089,635 | 246,865 | - | 1,336,500 | |
| Maintenance fund | 42,005 | - | 42,005 | ||
| Benevolent fund | 37,453 | - | 37,453 | ||
| Legacy fund | - | 22,000 | - | 22,000 | |
| 1,089,635 | 348,323 | - | 1,437,958 | ||
| Restricted Funds | - | - | • | ||
| Total Funds | 1,089,635 | 348,323 | 1,437,958 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within lyear | 12,629 | 12,485 |
| Within 2-5years | 50,515 | 49,939 |
| Over 5 years | 23,153 | 35,374 |
| 86,297 | 97,798 |