2022-12-31-accounts - Petworth Cottage Nursing Home

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Trustees		Mr C R Hubbard,	Chairman	Chairman
		MrJ RAtkins				(Appointed	31 January
						2022)
		DrAJSmoker
		MrTJ Barrington
		DrSPatt
		Mr AW Brooke
		MrT R W Longmore
		Mr D H M Burrell
		Dr G M Lyons
Secretary		MrT R W Longmore
Patron		The Lady Egremont
Charity number		1058769
Company	number	03244113
Registered	office	Petworth Cottage	Nursing		Home
		Fittleworth Road
		Petworth
		West Sussex
		GU28 OHQ
Auditor		Matthew Cleghorn		FCA BSc(Hone),		Anova
		The Barn, Meadow		Court
		Faygate Lane
		Faygate
		Horsham
		West Sussex
		RH124SJ
Bankers		NatWest Bank PLC
		5 East Street
		Chichester
		West Sussex
		PO10 1HH
Solicitors		Anderson Rowntree
		Wisteria House
		Market Square
		Petworth
		West Sussex
		GU28 OAJ

		Page
Trustees' report		1-5
Statement oftrustees'	responsibilities
Independent auditor's	report	7-to
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-25

categorised	under:
1. Medium	likelihood/high			impact
2. Low likelihood/high			impact
3. Low likelihood/medium				impact
Description	ofrisk			Cate	ory	Plans and strategies for mana ing risk
Shortage of	staffing	in the				-Reducing dependency on agency staff
Nursin home sector
Sudden loss	ofsenior staff					-Separate roles for Matron and Deputy Matron
						are in place so the likelihood ofthe sudden
						loss ofboth is reduced
						-Matron/Manager is registered with the Care
						Quail Commission under relevant re ulations
Financial crisis						Bed occupancy levels have improved.
						Sufficient invested funds, see
						Investment Policy Report and
						Performance attached.
Electricity failure						-Secondary generator installed that cuts in
						automaticafi if main supply fails.
Natural disaster; such as					(2)	The Home is equipped with fire
fire or lightning strike						extinguishers
						Disaster recove lan is in lace
Misbehaviour	by member				(2)	Training and checks carried out for afi
ofstaff						staff
						Disciplinary procedure in place in
						case ofan event arisin
Failure of IT	system;				(3)	Patient care records back up on doud Re ular back u sofaccounts records
Failure ofcooking					(3)	-Ofhite suppliers ofhot food available
e ui ment
Injury to patient/staff			from:		(3)	(i) Care staff all receive first aid training
1.Fall						(ii) Drugs administered by trained nurses
2. Wrongful	administration					only in accordance to doctor's prescription
ofdrugs						(m) Accounts audited by professional
3. Financial &Acres fraud leadin to iinancial difficul						accountants and monthly accounts and bank reconciliations prepared

				General	Operating	Total	General	Operating	Total
				funds	funds		funds	funds
			Notes	2022	2022f	2022 8	2021 5	2021	2021 f
IDg~mfr 8),
Donations and
legacies				271,307	22,358	293,665	64,455	54,029	118,484
Cllaritablaactivitiaa
Patients' fees					1,555,646	1,555,646		1,451,117	1,451,117
Investments				33,151		33,151	41,009	-	41.009
Total income				304,458	1,578,004	1,882,462	105,464	1,505,146	1,610,610
~Ed i
Raising funds			6	13,251		13,251	7,864		7,864
Charitable activities
Provision ofa
residential care	home		7		1,836,975	1,836,975		1,606,852	1,606,852
Governance			7		6,600	6,600		6,000	6,000
Total charitable	expenditure				1,843,575	1,843,575		1,612,852	1,612,852
Total resources
expended				13,251	1,843,575	1,856,826	7,864	1,612,852	1,620,716
Net gains/(losses)		on
investments			13	(66,013)		(66,013)	68,285		68,285
Net
incoming/(outgoing)
resources before
transfers				225,194	(265,571)	(40,377)	165,885	(107,706)	58,179
Gross transfers
between funds				(265,571)	265,571		(107,706)	107,706
Net movement	in	funds		(40,377)		(40,377)	58,179		58.179
Fund balances at 1
January 2022				2,988,639		2,988,639	2,930,462		2,930,462
Fund balances	at	31
December 2022				2,948,262		2,948,262	2,988,641		2,988,641

							2022	2021	2021
					Notes		8
Fixed assets
Tangible assets					11		1,736,063		1,527,282
Investment properties					14		260,000		260,000
Investments					12		765,086		868.247
							2,761,149		2,655,529
Current assets
Stocks					15	2,600	2,600
Debtors					16	182,057	164,711
Cash at bank	and in	hand				134,873 260,860
						319,530 428,171
Creditors: amounts		falling due within
one year					18	(132,417) (95,059)
Net current assets							187,113		333,112
Total assets	less current			liabilities			2,948,262		2,988,641
Income funds
Unrestricted	funds						2,948,262		2,988,641
							2,948,262		2,988,641
The company	is entitled		to	the exemption	from the audit	requirement	contained in section 477 ofthe	Companies Act
2006, for the	year ended			31 December	2022, although	an audit has been carried out under section			144 of the
CharitiesAct	2011.

						2022		2021
					Notes	f
Cash flows from operating				activities
Cash generated	from/(absorbed by)				22
operations							70,687		(24,032)
Investing activities
Purchase oftangible fixed		assets				(266,973)		(9,025)
Proceeds from	investment	loans and
receivables						37,148
Dividends, interest and rents				from investments		33,151		41,009
Net cash (used	In)/generated			from
investing activities							(196,674)		31,984
Net cash used	in financing			activities
Net (decrease)/increase		in	cash and		cash
equivalents							(125,987)		7,952
Cash and cash	equivalents		at beginning		ofyear		260,860		252,908
Cash and cash	equivalents			at end of	year		134,873		260,860

		General	Operating	Total	General	Operating	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		E		E	E	f.	E
Donations	and gifts	271,307		271,307	64,455		64,455
Government	grants		22,358	22,358		54,029	54,029
		271,307	22,358	293,665	64,455	54,029	118,484
Donations	and gifts
Donations	and legacies	223,580		223,580	21,628		21,628
Donations	received via
The Friends		47,727		47,727	42,827		42,827
		271,307		271,307	64,455		64,455
Grants receivable for
core activities
Government	grants		22,358	22,358		54,029	54,029
			22,358	22,358		54,029	54,029

Patients'	Patients'
fees	fees
2022	2021
K	K
1,555,646	1,451,117

				General	General
				funds	funds
				2022	2021
				K	E
	Rental income			8,962	8,445
	income from listed		investments	23,751	32,455
	Interest receivable			438	109
				33,151	41,009
8	Raising funds
				General	General
				funds	funds
				2022	2021
					E
	Fundraisin	and	ublici
	Other fundraising		costs	9,340	7,864
	Investment	mana	ement	3,911
				13,251	7,864

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The analysis of auditor's remuneration	The analysis of auditor's remuneration	The analysis of auditor's remuneration	follows:
Fees payable to the charitable	company's		auditors	and associates;	2022	2021
					8	K
Audit ofthe annual accounts					4,750	6,000
Other services to the group
All non-audit services not included		above			1.850	120
Total audit fees					6,600	6,120
Employees

The average monthly number of employees dunng t	he year was:
	2022	2021
	Number	Number
	55	55
Employment costs	2022	2021
Wages and salaries	1,234,983	1,141,051
Social security costs	107,658	90,833
Other pension costs	22,786	21.814
	1,365,427	1,253,698

The num were:	ber of employees whose annual remunerati	on was 860,000 or more
		2022	2021
		Number	Number
570,001	- F80,000	1	1

Tangible fixed assets
		Freehold land	Fixtures end Motor vehicles		Total
		end buildings	fittings
		8	6	6
Cost
At 1 January 2022		1,492,081	305,515	42,835	1,840,431
Additions		151,518	115,455		266,973
At 31 December 2022		1,643,599	420,970	42,835	2,107,404
Depreciation and impairment
At 1 January 2022		76,053	223,450	13,646	313,149
Depreciation charged	in the year	18,764	32,130	7,298	58,192
At 31 December 2022		94,817	255,580	20,944	371,341
Carrying amount
At 31 December 2022		1,548,782	165,390	21,891	1,736,063
At 31 December 2021		1,416,028	82,065	29,189	1,527,282

		Listed
		investments
Cost or valuation
At 1 January 2022		868,247
Valuation changes		(66,013)
Transfers		(40,000)
Dividends/charges	etc	2,852
At 31 December 2022		765,086
Carrying amount
At 31 December 2022		765,086
At 31 December 2021		868,247

13	Net gains/(losses)	Net gains/(losses)	on Investments
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
	Revaluation	ofinvestments		(66,013)	68,285
14	Investment	property
					2022
	Fair value
	At 1 January	2022	and 31 December 2022		260,000

					2022	2021
					6	6
	Freehold				260,000	260,000
	Long leasehold
	Shortleasehold
15	Stocks
					2022f	2021
	Medical	supplies		and food	2,600	2,600
16	Debtors
					2022	2021
	Amounts	falling		due within one year:	5	6
	Trade debtors				138,064	108,667
	Other debtors				2,183
	Prepayments		and	accrued income	41,810	56,044
					182,057	164,711

Creditors: am	ounts falling due within one year
		Notes	2022f	2021f
Other taxation	and social security		35,644	37,497
Deferred income		19	2,467	1,703
Trade creditors			34,546	24,404
Other creditors			6,724	7,268
Accruals			53,036	24,187
			132,417	95,059

2022	2021
	f
2,467	1,703

Balance	at 1 January 2022:	1,703
Released	in year	(1,703)
Income deferred in year		2467
Balance	at 31 December 2022	2,467

20	Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	funds
		Unrestricted					Restricted			Total	Unrestricted	Restricted		Total
					funds		funds				funds	funds
					2022		2022			2022	2021	2021		2021
					f			f		f	f		F	f
	Fund balances at 31
	December 2022 are
	represented by:
	Tangible assets		1,736,063						1,736,063		1,527,282		1,527,282
	Investment properties			260,000						260,000	260,000		260,000
	Investments			765,086						765,086	868,247		868,247
	Current assets/(liabilities)			187,113						187,113	333,112		333,112
			2,948,262						2,948,262		2,988,641		2,988,641
21	Financial commitments, guarantees and						contingent		liabilities
	At the reporting end	date the		charitable		company		had	outstanding		commitments	for future	minimum	lease
	payments under non-cancellable				operating		leases amounting			to F1,759(2021:5nil)
22	Cash generated from operations											2022 f		2021 f
	(Deficit)/surpus for the year											(40,378)		58,179
	Adiustments for:
	Investment income recognised			in	statement		offinancial		activities			(33,151)		(41,009)
	Fair value gains and	losses on		investments								66,013		(68,285)
	Depreciation and impairment		oftangible			fixed assets						58,191		53,530
	Movements in working capital.
	(Increase)/decrease	in stocks												2,009
	(Increase) in debtors											(17,346)		(12,758)
	Increase/(decrease)	in creditors										36,594		(15,698)
	Increase in deferred	income										764
	Cash generated from/(absorbed				by) operations							70,687		(24,032)
23	Analysis ofchanges	in net funds
										At	1 January	Cash flows	At 31December
											2022			2022
											f	f
	Cash at bank and in	hand									260,860	(125,987)		134,873
											260,860	(125,987)		134,873