# ## ## |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| ## ## ## ## ## ## ## ## ## ## ## |Itis|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| |||||IEI
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0|| ## ## ## |The analysis of auditor's
remuneration|The analysis of auditor's
remuneration|The analysis of auditor's
remuneration|is as|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| ## ## |11|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| ## ## ## ##