Contents ¢f the FInanc￿l Ststemeni8 forthe Y•ar Endèd 31 I1•￿h 2023 P•ge Refernnce and Admlnlstrntlve Detslll Report of the Trust•es 2 to 8 Report of the Ind•pgndent Auditors g to 12 statsment of Flnanclal A¢tlvltles 13 Balanc¢ Sheet 14 Cash Fkm Ststernont 15 Notes to the Flow Statemont Notes to the Flnanclal Slat¢nw 17 to 25 Datalled Statement of Flnanclal Acllvlties 26 to 27 Reference and Adminl8tralkn Detsil for the Year Ended 31 Ilarch 2023 Rev A L H￿rytt Rev J D Smith L Allen M R Alrmyt D H Curgenven Rev S R cur9￿ven E T Coomber H Y Wenban R W Tappin {res￿ned 23.11.22) REGISTERED OFFICE Heol Tretr￿n SY16 1JA REGISTERED COMPANY NUMBER 03324634 (England arvj Wales) REGISTERED CHARrrY NUMBER 1064373 AUD￿oRs Morgan Griffiths LLP Chartered Ac￿untants statutory Auditor Cross Chambers 9 High Street N￿ArrI SY16 2NY soucrroRS Geklards LLP Number One Pride P Pride Park DE24 8QR BANKERS Bank of Scotland PLC- Cardiff Barclays Bank PLC- Newtown INVESTMENT ACCOUNTS Aldemiore Bank. United Trust Bank, Cambridge & Counties Bank. Hampshire Trust Bank, Redwood Bank. Modulr Finance Lid. Kirodom Bank SENIOR MANAGEMENT Mrs Rachel Griffiths (Home Manager) Mr Leslie Alen {Registered Individual) Mrs Oeborah Cade [F￿anCe Manager) P4e1 BethBh•n Sheltered Houslng A$8oclatlon {Regl8tarnd number. 033246341 R•port of the Tru$tOO5 for th• Year Ended 31 March 2023 The trustees who are also directors of the chadty for the purposes of the Companies AGt 2006. present their report the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended PraGltce applicable to charities preparing their accounts in accordan* with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTNES AND ACTlVtfiES Objgctlves and alms We primarily exist to meet the needs of the population of Newiown, Powys. and the surrounding areas. The objects of the charity remain 'ihe ￿lief of poverty. sickness and okl age. and Bethshan continues to fvlfil Ihese objects specifically by means of the provision of nursing home care for frail eldety persons as well as those living wth more advanced forms of dernertt￿9. During the year we have been able to provide care for $ixty-on8 individuals at the Home, including several for respite. We have seen a signifKant increase in the number of residents being admitted with Continuing Healthcare funding ￿flectIng their more complex medical or mental health conditions, with an average of 8.8 individuals at any one time. Powys County Council were in contact back in August reg8rding our willingness to red¢ommence the Day Care provision on our premises, however, this has not been followed up. Publlc benefft The trustees have considered the Charity Commission's general guidance on Publ￿ benefit and are satlsfied ihat the services that we provide are aGwJsible to all who need them ￿gardleSS of their financial resources. Our concem has always been to ensure that good quality care is available to all. and this has been the motivation behind our continued engagement wllh Powys County Council. Places are offered based on medical condition and the same quality of servlce is provided to all residents regardless of theSr fundirrfj. Volunteern Since in-person church services re-started in tho autumn various Feople have been assisting Wlth musical accompaniment and helping residents to take part. The volunteer ST administrator has been very involved in the 18St few months in supervising the upgrade of the telephone system to VOIP and upgradlng the Wi Fi provision throughout the building. This has necessitated much additional wring and other work to the offir to improve the IT and overall stsff working conditions. Paga 2 Bethshan Sheltsred Houslng A88eclatlon IR*yl$t•red nUrn￿>r. 03324634) Report of the Trust for the Year Ended 31 Mar¢h 2023 ACHIEVEMENT AND PERFORMANCE Charftable activities This last year has been one of change as we emerged from the Covld pandemic. Our Home Manager for the last seven ye8rs, Sylvia Campbell, took her well-eamed retirement in July and had a great sendryoff arranged by the stsff. Thi5 was followed by our Responsible Individual, Roy Tappin. taking his retirement in November. Roy was A¢tlng Manager following Syfvia's retirement until our new manager, Rachel Griffiths, Started work in September. Le$ Allen, our Chair of Trustees. took over as Rl on Rtys retirement R8¢hel and Les started in at the deep end as we received unannounced Inspectlons from the Health Board and CIW and a number of issues were highlighted, though several of these had already been identified by Rachel and w&re already In the process of being addressed. We have transitsoned to electronk care planning from paper ￿￿rdS using the Person Centred Care system. All unit staff utilise a handheld devlce to record regular observations. and this appears to be working well. This should result in more timely and accurate records as well as more standardised and comprehensive care plans. Rachel ha5 worked hard to try and recruit new staff, but we are facing the same shortage of both qualified and health¢are staff as most similar establishments. This add8 substantially to the staff costs of the Or9anr￿tion. Improvements have been made to the housekeeping regimes which have also necessilated in¢rea$ing the number of staff employed. Many staff have taken thè option to wear the more comfortable scrub tunics and dementia-friendty name badges are also now being provided. It was clear that after th8 pandemic our premises were showing signs of wear and tear as well as some facilities being not fit for purp05e, so we began a plan of refurbishment which has seen many bedrooms refreshed and plans put in pla￿ to improve the environment and furnishings in the loungeldining rooms. We have improved the office facilities for management and administrative staff as well as creating a dedicated traininglmeeting room. There has been 8 big overhaul of our communications with the upgrading of our telephone system to VOIP and increased provision of moblle handsets in the nursing corridors. The i￿G￿ased use of technolo9y has required new equipment for the nursing staff and the Wi Fi coverage has been significantly improved across the whole bullding. A decision was made last year to invest in Solar panels. arKI these were finally Instslled In Oecember. Plans are in place to make more improvemenis in the 202>24 financlal year. To improve the management of the Home we have subscribed io Ihe QCS management system which provides upto4Jate policies and procedu￿ tsilored to the care sector. With the general lifting of restrictions, our aclivf(ies staff organised a hugoly successful garden party to celebrate the Queen's Platinum Jubilee and a second event at the beginning of September. Several restdents have made trips out to local places and for lunch. We have been welcomlng back our visrtors as well as some fvry compantons which have proved very popular. There have been some very creative crafts, music and movement as well as the ever-popular gardenlng and cooking. Christmas was muGh MO￿ enjoyable in 2022 with carol singing and the Newtown Sifver Band and plenty of decorations. Our Chaplain has also resumed his regular visits as well as church servlces vthh live music and these are very well attended by residents from both floors. FINANCIAL REVIEW Financial position The statement of Financial Activities show a deficit for the year of £183,034 {2022: Surplus £132,490), and serves now stand at £2,024.729 (2022.. £2.207,7631. Prin¢lp•l fundlng 80urce8 Our primary source of income has hi$toricalty been the fees for providing nurslng home and Day Care services. however the Day Centre was closed at the beginning of the pandemic and the funding has not yet been agreed for this to re4X)Mmen￿. Incorporated into the annual fee increase5 was a weekty enhancement specially io offset the increase costs of working during the pandemiG. The Welsh government made the commitment to fund payment of the Real Living Wage to all care staff in Wales, so this ￿d$ ￿fieC1ed in the fee increase this year. We had to work our local Assembly Member to secure an increase in the rate of Continuing Healthcare Funding and we did not receive an increase in the rate of Funded Nursing Care at all In 2022-23, unllke in England. The additional funding made available by the Welsh Govemment to miligate the additional costs involved in providing Care during the pandemic ¢eased which has impacted the total funds of the business. Page 3 Beth8han Sholtered Houslng A¥8ociatlon IRegi8t•Y•d numbor: 03324634) Rèport of the Trustee• forth? Y￿r End•d 31 March 2023 FINANCIAL REVIEW Inve8trngnt pollcy and obiecllves Under the Memorandum and Articles of Association the charity has the power to make any investrnent, wthich the trust80$ see fiL The trustees take $ernus￿ their responsibility to ensure that funds are not put at risk, bul also seek to achieve the highest interest possible where surplus funds are in hand. Funds have been spread across wider financial institutions in order to take advantage of Government guarantees Reserve8 poIIcy Free reserves which equale to net current assets (excludlng restricted fvndsl amount to £865.344 {2022: £900,062). The level of reserves was set at 3 months operating costs several years ago - this currently equates to approxlmatety £535,000, and we have been able to maintain Suff￿lent funds to meet this policy. FUTURE PLANS Speclfic plans for the coming year indude: - Continuing with ￿fUrbIShrnen1 of the bedrooms. lounges and public areas. - Improving the garden and ¢arpaTk. - Continulng to work wth the external catering company to improve the catering servtca. STRUCTURE, GOVERNANCE AND MANAGEMEKr Goveming document The Charity is controlW by its governing documenL a deed of trusL and cons16tutes a limited company, limited by guarantee, a$ defined by the Companies Act 2006. Organ18atlonal structure The Bethshan Sheltered Housing Association is a charitsble company blhich runs a 40-bed Care Home with nursing care Including for those dementialAlzheimets. The day-1041ay running of the Home including appointment of staff and all matters relating lo the medical cara of the residents is delegated to the Home Manager. Tha head$ of the iwo nursing units and the ancillary staff report to the Home Manager. The Responsible Individual is responsible for overseeing the management of the semcè and for providing assurance that the serviGe is safe. well run and complies with the Regulations. The Responsible Individual is responsib￿ for ensuring the service has a manager, suffi¢ient resources and supporL The Responsible Individual is not responsible for the day-to-day management of the service.. this rests with the manager. The Responsible Individual also represents the Home in relationships extemal bodies and ovgrsees the implementalon of decisions of the tharity trustees. The Finance Manager is responsible for the management and recordkeeping relating io the income and expenditure of the Home, the management of fixed assets and reseNes as well as compliance I￿1h company and charity law for the organisation. The Home M8nager. Responsible Indfvldual and Finance Manager report to the Trustees at the regular management meetings which have laken place in person throughout the year. Bethshan is a member of Care Forum Wales which represents the Inte￿$ts of the care industy at both county and national IWales)18vel, as V￿11 as Powys Association of Voluntary Organisations (PAVOI. The charlty has strong links vrith Hope Church (Newiownl - a separate charity- which had the vision for the Bethshan project and oversaw its construction. The Trustees of Bethshan are drawn prfncipalty from the leadership of the church along with other individuals with key skills or knowledge. Page 4 8èthshan HwBkng A••¢xl•llon IRegiBt•red number 033246341 forth• Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND IqANAGEMEKr Inductlon and tralnlng ol new Irustees No new trustees were apwnted during the ￿￿r. One - Mr Roy Tappin (also the Rl) retired in November 2022 and was not repw on the board of trustees. Any new trustees appointed would receive copies of the key d0￿ments relats'ng lo the tharity$ including the goveming dcKumenL the latest annual report and accounts and guidance relating to their duties and responsibilibes as a trustee. They would be requlred to Sign a dedaration affimiirvJ their suitabilty trj funclion as a trustee., a copy of the "Fil and Proper Person" form for HMRC., and to read and sign the charivs confl￿ of Interest declaration. Trustees are infomied of appropriate trainiTrJ being offered and provlded ty Powys A￿￿lation ol V￿Untary Organlsatlons IPAVO). R￿ated p•rtl¢8 The charity has strong Ilnks with Hope Church {Ne•rtcrtm) - a S￿rate chanty - vthich had the vislon for the Bethshan project and oversaw its construction. The trustees of 8eth$han are drawn p￿ncIpallY from the leadership of the ¢hur¢h along with other Y￿14￿JU11S with kw skilh or kn(y•Aedge. Page 5 forthg Yw Ended 31 &l•rch 2023 STRUCTURE. GOVERNANCE AND MANAGEMEKr Risk managemont In common with similar organisalions, BethsPAn has fac￿1 the risks associ￿ with the gradual easing of restrictions associated wtth Covid-19. The Home Manager conlinued to follow all guidelines to protect the restdents and staff tearn. Whilst we VIE￿ unable to avoid a number of individuals becoming infected vrith Coronavirus, no one bec2rne sertOU5ty ill. We have managed to achieve over 95% c¢cupancy for the year. Financial support from the statutory agencies c&35ed ￿ring the year but we have rAX￿]nued to receive regular deliverie5 of PPE from the NHS. The other major risks are as summwised in our risk register. The approach to risks taken by the trustees of Bethshan brc￿dty folltrAts the Ch*ity Commission suggested tegorisation i.e., Govemance: operat￿al., F￿ancIal.. Exiemal; and Compliance. The maTr)r risks faced by BethSh￿ are as ft)UM: Health & Safety This covers a wpJe range of issues from the safe operalhjn of equipment wllhin the building, to the appropriate use of deaning Chern￿$. We abo empw the serrfices of a speciabst ￿)nsUltancY to assist ¥￿th the management of Health and Safety risks. They undertake a full audii of our pOI￿leS and procedures each year and make suggestions for improvement Issues raised by staff or others are addressed as they arise. Health of R8sbJents There are several risks aswaied TAryth our pr1rn￿ xtr¥ity- the care of our residents- for example. incorrect administration of medtstion. accidents. and al￿Se. We have a range of policyes detailing the ojrrect proCedU￿S to be used regarding most nomal &tivities *thich staff * r4uired to folhjw. These policies are reviewed annually and updated as necessary. Wlhen substantial thanges have teen made to policies staff are required to demonstrate that they have familiarised themselves with the changes. Staff receive training relating to manual handling. Safeguarding of VulneralAe Adults, food hygiene, fire safety and first ald as required by CIW and other K%$ues are addressed through mentoring and supervision. Training has been delivered online this year via the NewGross L&wniNJ Partner for Lrte materia. NJI approwiate equipment and PPE are provided where necessary. Adequate complement of trained slaff There has been a g￿eral shortage of both nursing aThJ care staff across the sector and have been no exception. This has necessitated many staff, incI￿ling Home Manager. V￿rkIng wn$iderable amounts of overtime to meet the needs of the ￿sIdents. in addibon to increasing use of agency staff. We have an excellent relationship with our stsffing agen￿ and most staff supplied are frdmiliar la￿ who are well acquaIn￿l *ryth our residents and ways of ¥%x*kirwJ. Security s￿rity cover5 several areas of concem in addition to the obvbus issue of phsBiC81 security from intruders including risks to the security of information (e.g.. personnel records. payrcAI infonnation, olher financial records. and residenys notes). We have a u)mprehensr4e IT Poli￿ and wbercrime awareness has become increasingty high profile as Gyber threats increase in frequency and sophistic2tion. The use of MiGrosoft Office 365 Its doud-based stordge. alon9 With dou¢AMsed accounts and other business 50fiware has proved invaluable during the last years. Financial In additsonal to the physical security of rectyds. financial risks also indude fojd, induding Unautt￿ri8ed access to the online banking system in additb)n to Ihe viability of the business arising because of loss of income. Loss of income may o¢¢ur for several reasons including reduction in statutory funding. shortage of clients, bss of reputa￿n, or unforeseen expendiiure not covered by insuran¢e. This year, lower than normal ¢)ccupancy has resuw from the restrictions placed on us by the p*)dwni¢ but these have been largely offset by additional funding channdled through Welsh Government Monthly monitoring of income and expeThJiture against budget take5 pla¢e to ensure that we have upto-date awareness of the financial posibon of the organisation and reports ¥e given io the truslees. P890 6 Bethshan SI￿110￿d HO￿1￿ Agsoclatlon (R•glstor•d number. 03324634) Report ofth? Tntsts•s fortho Year Endeql 31 March 2023 STrUCTURE, GOVERNANCE AND MANAGEM The risk of fraudulent use of business fvnds is addressed by Lx)mprehensive financial prcKedures wh￿h are reviewed annualty to ensure they remain re5v4ant to oJrrent conditions and communicated to appropriate staff members. Reputation Some of the possible rFsks to the reputatN)n of Bethshan have already lJeen alluded to ar￿ fall under the following broad headings.. Health & Safety incidenUaccKlenL Empbyment Law issue5, abuselnegligenc8. other failure to compty with Care Standards or other *islation. Depending on the nature of the inuden( these could have a very darnagir￿ effect on the business and must be taken very seriously. We employ a fimj of consultants to guth us regarding Health & Safety and in connecah)n with employment legislation we empby another fimi of ￿n$utsnts to guide us Ihrough HR matters and ensure that our policies and pro¢edures refiect changes in the law. Our attent￿ to these ¢rTiical matters has enabled Bethshan to have excdlent insFtttion reports since ￿ opened in 2(M)1. Complian As mentioned above, we use the seNices of outstde cmsultants to ensurn compliance with HeaEih and Safety and employment legislation. Extemal rfsks We have attempted to identify any ￿￿tial risks tr￿t out of our control as far as their causes are conwned. welgh up their wobabilty aThJ rnake pkns b reduce Iheir wative effects. Such risks include: Power failuTe - to minimise the risk of being wilhout poww for a protr*d perfod we have a contract with company who will provide a back-up generator. Adverse weather- in addtbon to the possitAe loss of power. it be a challenge to maintain staff coverage. A list is maintained of stsff who live 7*ithin walking dk8tance of the home willing to be called at short notice ￿[ch is updated each year. We have a committed team, and everyone pulL8 together lo ensure thal any staff shotsge does not impact on the delivery of ￿re to ts residents. Other major ¢atastrophes- substsnbal damage to fabric ofthe buihling due to gas or water leak or severe weather can be minimised by good regular maintenance and inspection. Our wisurance covern us for more Ser￿)uS incidents and includes business interruption. Covid.19 . the risks p￿sented by the gtobal Pandem￿ have been do¢umthJ else•rt￿re. Procedure for rlsk management withln Bethshan Responsibility for risk management lies wrih the t￿d of trustees l)ut on a day404ay basi$ thts de*ated to the senior management Because of the pandern￿ the main risks were not ￿v*wed in detail this year as the focus was very much on managiTrJ the risk5 of cO￿-19 infection. There have been monthty meetings of the full board of trustees, continuing to take pkn by video uJnferen¢ing. Trustees have received monthty reports of the effects of the par)deM￿ on the residents and staff and the Home man￿er has infomed the Chainnan of ary significant ¢harKJes in betr￿￿en meetings including ac*ion being taken io manage risks. STATEMEMf OF TRUSTEES. RESPONSIBILMES The trustees (who are also the directors of BethSh￿ Shettered Housing Asscoation for the purposes of company Iww) S￿ responsibk for pftparing the Rep)rt of the Trustees and the financial statements In aco)rdance with applicable law and United lQngdom AccC￿nting Stsndards (United Kingdom Generalty Accepted Accounting Practice) induding Financial Reportylg Standard 102 Yhe Financaal ReFOr￿ng Standard applicable in the UK and Republic of Ireland" Page 7 RepTht of the TMtees lorth• Yw Ended 31 Ilar¢h 2023 STATEMENT OF TRUSTEES. RESPONSIBILrriES - eontlnued Company law requires the trustees to prepare financial ststements for each financial year which a true and fair view of the State of affairs of the charitalje cg)mpany and of Ihe incoming resources and applKabon of resouTces, indudlng the income and experKliture. of the chwitable ¢(xnpany for thal peri)J. In preparing those financial statements, the trustees are required to select suitable accountirvJ polioes and then appty them ¢￿st￿tenty. observe the methods and principles in the Charity SORP". make ludgernents and estimates that are reasonable arKI pnKlen¢ prepare the financial Statements on the going concem basi5 unless it Is inappropriate to presume that the charitable company wll continue in business. The trustees are responsible for keeping proFer accountiThJ re¢￿ts whth disclose *ryth ￿Sonable accuracy * any time the financial positvjn of the Charilable c))mpany and to enable them to ensure that the financial statements compty Wbth the Companies Act 2006. They a￿ also reswnsible for safeguarding the assets of the tharitable company and hence for taking reasonabte steps for the prevention and detection of fraud and other irregularittes. In so far as the trustees are a¥ra￿. there Is no rdevant audit information ofwh¢h the charitable conpanls auditors are Unawa￿., and the trustees have taken all steps that they ought to have taken to make themsefves aware of any relevant aLKlit infomation and to establish that the audilors are of that infomiatwJ). AUDITORS The auditor5, Morgan Griffilhs LLP, ￿111 be proFThed for re-apptytht at the forthcorning Annual General Meeting. Approved by onler ofthe board of trustees on 19 October 2023 and signed on ils behalf ty. L Alien - Trustee Page 8 R•wt Oftt￿ In(knpendentAudStors to the Membern of 8eth&h*n Sheltered H¢Jusing As•o¢i#tio Oplnlon We have audited the financial statements of Bethshan 8trdtsred H(wsing As%)ciation (the 'charttable company) for the year ended 31 March 2023 comprw the Ststement of FinanGial Athibes, the Balance SheeL the Cash Fltyw Statement and notes to the financial *tements, induding a Summary of significant accounting policies. The finan¢01 rep)rting fram*work that has been applted in their preparation is applicable law and United Kingdom A£counting Stsndards (Untted ￿ngdorn Generalty Accepted Accounting Practice), induding Financial Reportrng Standard 102 The Financial Reporting Standard applicable in thè UK and Republic of I￿land,. In our OlNnton the finanoal statements.. give a true and fair wew of the state of the Charital￿e companys affairs as at 31 March 2023 and of its incoming resources and application of resouros, irn%udYu its income and exper¥Jiture, for the year then ended.. have been propety prepared in acJx*rdance with United Kingdom Generalty Accepted Accounting Practice, induding Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,: and Bas15 for oplnlon We conducted our audit in accordance *Ylh Internknnal Standards on Audibng (UK) IISAS {UK)) and applicable law. Our responsibilites under those standards are further described in the Auditors. responsitHlities for the audit of the financial statements section of our reporL We are independent of the ¢haritable company in accordan￿ with the ethical requirements that are relevant to our audil of the financial ststemenls in the UK, induding the FRC'S Ethical Standard. and have fulfilled our other ethl¢al responsi￿lItIeS in accordance y￿th these requirements. We bdieve tPot the audit ev*Jence we have obtained is suffi￿ent and appropriate to prov&Je a basis for our opinion. Conclusions relating to going con¢em In auditing the financial statements, we have wduded Ihai the trustees, use of the going concem basis of accounting in the weparatb)n of the financial statem￿ts is apwoprHte. Based on the work we have perfomied. we have not idenbfied any material uncertainties relating to events or condsbons tha( indNidualty or colSectivety. may cast signifunt doubt on the charitable companvs abilty lo continue as a going concem for a period of at least twelve months from when the financia5 statements are authorised for issue. Our re5ponsibifrties and the responsibilibes of the Injstees with respect to going ￿ncern are described in the relevant sections of this reporL Other Information The trustees a￿ responsible for the other irrfornation. The other infomath)n Comprises the rnfomalion induded in the Annual Rep)rL other than the financial statements and our Rewt of the Independent Auditors Our opinion on the financial statements doas not cover the olher Inf￿allOn and. except to the extent otherv•ryse eXpl￿￿ty staled in our report we do not express any form of assurance conclusion trereon. In C￿nnectIon our audit of the financial statements, our ￿POnsibl1ty is to read the other inforrnation and. in doing so. consider whether the other information is materialty irthn￿stent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially misststsd. If we identify such malerlai incon$Èstenaes or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there a material misststement of this other inforn)ation, we are required to report that facL We have rvjthing to rep)rt in this rewd. Oplnlons on other mattern prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit the infomi8tion given in the Report of the Trustees for the financial yew for which the finanual statements are prepared is consistent with the financial ststements; and the Report ol the Trustees has been prepared in accordan￿ wilh ap￿le¥ble legal req￿rern8nts. R¢port of th• Ind$p￿ Auditorn to the Ilwnbens of B•ttrAh•n Shettered Housing As8OCiatlon Matters on whlch we ar• requlred to report by oxcepuon In Ihe light of the kn¢)wledge and understanding of the charitable company and rts envKonment obtained in the ourse of the audit, we have not Klentified m*erial misstatements in the Rewrt ofthe TtUStees. We have nothing to ￿pOrt in wpect of the 1c1￿ing matters Whe￿ the Companies P£t 21YJ6 rw]uires ￿ to report io you rf, in our opinion.. adequate accounting records have not been kept or returns adequate for our aKlit have not been recer from branches not ¥￿ited by us: or the financial statements are not in ajreement the xcounting records and retums: or certain disdosures of trustees, remuneration SEe￿r￿d by law are not made.. or we have not receNed all the infomiation and explanatims we requi￿ for our audt or the twstees We￿ not entiled to take advantage of the small Compan￿ exemption from the requiremenl to prepare a Strategic Rewrt or in preparing the Re[￿ ofthe Trustees. Responslbilitiès of tnMt¢e8 As explained more fulty in the Statement of Trustees. Responsibilitss, the tntstees (*tho are also the directors of the Charitab￿ company for the purFQ5es of ￿)mPanY Iw} are ￿ponSIble for the preparation of the fin8ncial statements and for being satisf*d that they give 8 true and fair and for such intemal control as the trustees detemine is necessary to enable the preparath)n of financial statements that are frae from material M￿￿tatemen[ whether due to fraud or wrry. In preparing the finawal statements. the trustees are responsible for assessing the charitable companls ability to continue as a going concem, disclosing. as appltcabbe. matters related to going concern and using the going concem basi$ of aC￿untiThj unless the trustees either intend to IM4uidate the charilable crynpany or to wse operalms. or have no realistic aitemalive but to (183.034) 1183.034) 132,490 RECONCILIATION OF FUNDS Total fur￿5 brought forward 2.207.763 2,207.763 2.075.273 TOTAL FUNDS CARRIED FORWARD 2,024.729 2,024.729 2,207,763 Pago 13 BalaTKe She•t 31 M•rch 2023 31.3.23 31.3.22 FIXED ASSErs Tangible assets 14 1,359.385 1.307.701 CURRENT ASSErs stocks Debtors Cash at bank and in hand 15 16 232 51.358 694.926 59,557 870,285 746.516 929.842 CREDrroRS Amounts falling due within one year 17 (81,172) (29.780) NET CURRENT ASSErs 665.344 900.062 TOTAL ASSEfs LESS CURRENT LIABILITIES 2,024.729 2.207.763 NET ASSErs 2,024,729 2,207.763 FUNDS Unrestricted fund$ 19 2.024,729 2,207.763 TOTAL FUNDS 2.024.729 2.207,763 These finandal statements have been prepared in acTr)rd￿ wilh the provisions appllcable to charitable Companies subject to the small ¢ompante$ regime. The financial stslements were approved by the Board of Trustees and athorised for Issue on 19 October 2023 and were signed on its behalf by.. L Alien - Trustee Pag• 14 Cash Fl¢)w Statèment for the Year End•d 31 PAar¢h 2023 31.3.23 31.3.22 Ca•h flows fnmn op•ratlng actlvltl•8 Cash generated from operations (55.416) 205,970 Net cash (used inyprovlded by operakng actsvit (55.416) 205,970 Cash flows from Investlng actlvlti Purchase of tsnglble fixed assets Interest received (124.882) 4,939 {73,688) 2,562 Not cash u8ed in Investing activit*s (119,9431 {71,126) Chang• In ¢uh and ca•h •qulvaJ•nt• In tho r•portlng porlod C•sh and ¢uh •qufval•nts at th• b•glnnlng of th• r•portln9 p•rlod (175.359) 134,844 870.285 735,441 Cash and ¢a8h •qufval•nts •t th• •nd of th• Mportlng prfod 694.926 870,285 Pag8 15 Notss to th? Cash Flow Slat•ment forthe Yw Ended 31 IAarch 2023 RECONCILIATION OF NET (EXPENDITUREYINCOME TO CASH FLOW FROM OPERATING ACTivmES 31.3.23 31.3.22 Net lexpendltureylncome for the reportjng wrfod (as p•r the statement of Flnanclal Activitles) Adjuslments for. Depreciation charges Inteiest received (Increaseydecrease in stl De¢￿ase in debtors Increaselldecrease) n creditors (183,034) 132,490 73,199 {4.939) (232) 8.198 51,392 65.438 {2,562) 144 13,367 {2.907) Not cash (used inyprovldod by op¢ratlons (55.416) 205,970 ANALYSIS OF CHANGES IN NET FUNDS 1.422 Cash Ik At 31.3.23 Net cash Cash at bank and in hand 870.285 (175,359) 694,￿26 870.285 {175,359) 694.926 Totsl 870.285 (175,359) 694,926 PwJe 16 Beth8han Shettergd Hou$lng A8Boclatlon Note8 to the Flnanclal St*tements f¢rth8 Year Ended 31 March 2023 ACCOUNTING POLICIES Ba818 of proparlng the flnancl•l 8tstsments The financial statements of the ¢harilable company, which is a public benefit enttty under FRS 102, have been prepared in accordance wtth Ihe Charities SORP IFRS 102) 'Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in Ihe UK and Republi¢ of Ireland {FRS 1021 leffectiV8 1 January 20191,, Finan¢lal Reportlng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Compani8s Act 2008. The financial statements have been prepared under the historical cost convention. Incoma All Income is recognlsad In the Statement of Flnandal Adlvltles ortti the charlty has entlllement to the funds, it is probable that tha Incomé will bè reeefved and the amount can be measured rellably. Expfrndltur• Liabilllies are recognlsed as 8XP8nditur8 as soon as there Is a legal or con$tructlve obllgatlon ¢ommltbng the charSty to that exponditure, It18 probable that a transfer of economlc benefits will be required in settlement and the amount of the obligation Gan be measured rellably. Expendlture 18 accounlad for on an accruals ba818 and has been classified under headings that aggwate all LThl related to the category. Where costs cannot be direclty attributed to particular headings Ihey have been allocated to activltlas an a basi8 consistent V￿¢h tha use of resources. Gov?rnanc• coots Goveman¢e costs are those incurred in ￿nnectIon wlth the admlnlstratton of the charity and compliance with ￿nstitutIonal and statutory requirements. Alloc•tlon and apportlonmortt of ¢o•ts Support costs (excluding governancè costs) have been apportioned to tho activity - Nur81ng Home care. In full. Governance c081s have been apportioned to actlvilias based on the apportionment of salary costs. Tanglblo fixed •888ts Depreciation is provlded at the followlng annual rata¥ in order ttj wrfte off each asset over Its aS￿rnated useful life. Freohold PrO￿ty Plant and machinery Fixtures and fittlngs Computer equlpment 2% on cost or valuation 15% on cost 15% on redu¢lng balance 33% on c08t and 15% on reduclng balance No depreciatlon Is provided on freehold land. Stock8 Stocks are valued at the lower of cost and net realisable value, after making due allowanc8 for obsolete and Slow movlng Items. Items donated for resale or distribution, are not Included in the financial statemenis until they are soki or distributed. The trustee'$ believe that the costs involved In determlnlng the valua of stock held for distribution would outweigh the benefit to Ihe users. Taxatlon The Charity is exempt from corporation tax on Its charitable actlvlWe$. Fund accounllng Unrestricted funds can be used in accordance with the charllable obi8Ctlves at the discretion of the truslees. Page17 ntinued... Bèthshan Shelternd No￿￿ng A*8oclatlon Notss to the Flnanclal Statements- contlnuod for tho Y•ar Ended 31 March 2023 ACCOUNTING POLICIES- conlinued Fund accountlng Restricted funds can only be used for particular restricted purFoses wthin the objects of the charity. R8$lrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included In the notes to the financial stslements. Pen81on c08ts and other post-rntlrement ￿nefit8 The charitable company operates a defined contribution pension scheme. Contributions payable to the aritable companls pensi(Jn scherne are charged to the Stalement of Financial Activities In the period to which they relate. DONATIONS AND LEGACIES 31.3.23 31.3.22 Donations 16,014 5,127 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Trolley shop in¢ome INVESTMENT INCOME 31.3.23 31.3.22 Dep051t account Interest 4.939 2.562 INCOME FROM CHARrrABLE ACTIVITIES 31.3.23 31.3.22 Activity Nursing Home Care Nursing Home Care Fees ReceNable Grants 1,926.629 95,947 1,716,166 222,017 2.022,576 1,938,183 Grants received, included In the above, are as foll￿". 31.3.23 31.3.22 HMRC CJRS grant Covid Hardship Funding - SSP Welsh Assembty Govemment 15,327 80,509 220.757 95,836 222,017 Page 18 continued... B•th$han Sheltered Hou$lng Assoclatlon Notes to th• Flnanclal Statements - contlnu•d for th8 Yoar Endod 31 March 2023 RAISING FUNDS Other tradlng aetlvtt108 31.3.23 31.3.22 Purchases 392 132 CHARITABLE ACTIVITIES COSTS Support CO8t8 {8ea note 9) Costs Is•• note 8) Totals Nurslng Home Care 2.204,495 22,242 2,226,737 DIRECT COSTS OF CHARITABLE ACTNITIE8 31.3.23 31.3.22 Staff costs Rates and water Insurance Light and heat Sundrig8 Calerlng 8ervlces Incontsnence supplles Cllnical wa818 Medical supplies Recruilmenl ltraining AclNities Repairs & renèwals Service contracts & Call outs Laundry & cl8anlng Care Management sub8criptlon Depreclatlon 1,681,527 8.436 16.734 38.268 9,024 188,171 48,725 10,638 3,667 11,541 4,719 23,003 69,577 35,489 6,552 69,424 1,343,429 7,451 19,144 44,329 4,152 162.389 49,956 10,600 1,386 1,510 3,798 17,391 32,613 27,987 83,371 2,204.495 1,789,488 SUPPORT COSTS Goveman co818 Managernenl Totals Nursing Home Car8 14,625 7,617 22,242 Page 19 conllnLWd... Notes to the Nnan¢i41 Statements. ¢ontlnu forthe Y•ar Ended 31 2023 SUPPORT COSTS- ¢onllnued Supp)rt costs. induded n the above, are as folhy*s' Managom¢nt 31.3.23 31.3.22 Nursirwj Total Home Care actr￿tte$ Telephone Postage and ststionery Advertising Subscriptions Motor. travel & other expenses Professional fees Bank Charges & interest Depreciation of tsngIb￿ assets 1.932 3,981 1,690 1.107 1.449 2.621 1.398 2.136 311 3,558 467 2,067 1,045 507 3.775 14.625 14.007 Govornance costs 31.3.23 Nurning Home Care 31.3.22 Total Wages Auditors. remuneralion 4.617 3,000 6.757 3.0 7.617 9,757 10. NEf INCOMEI(EXPENDrruRE) Net incoM￿(expendrture> is stated after ChargIn￿crediIM9). 31.3.23 31.3.22 3,000 73.198 3.000 65,438 11. TRUSTE&8' REMUNERATION AND BENEFrrs The remuneration paid to Mr. Roy Tappin amounted to £11.094 (2022 £6.7571. In 2023 £4,617 {2022 £6,757) Wds induded in governan￿ wages. Mr Tappin ceased as a trustee on 23111r2022. Pago 20 Untin￿... Note8 to the Financoal Statomènts . continued forth• Year Ended 31 Ijarch 2023 11. TRUSTEES. REMUNERATION AND BENEFITS- contlnu Trustees. expenses Trustee expenses paid to one trustee in ts year anounted to £33 (2022 nil). 12. STAFF COSTS 31.3.23 31.3.22 Wages and salaries Socral security costs Other pension ynkng Resour￿ Movam•nl axpeThJed In fund8 Unr¢8trlct•d fund# General fund 1.944.612 (1.812.122) 132.490 Rmtrlcted fund• HMRC CJRS Grant (1,280) TOTAL FUNDS 1.945,872 11,813,382) 132,490 Page 24 r¥)ntinued... Bethshan Shelter•d Houslno A88oclatton Nots6 to the Flnanclal Statem¢nts- ¢¢ntinu8d for the Year Ended 31 March 2023 EMPLOYEE BENEFrr OBLIGATIONS During the year the charity mad8 pension contributions amounting to £25.392 (2022 £21,488). The were no amounts outstanding at the year end. 21. RELATED PARTY DISCLOSURES During this year Hope Church {NpAAown) provided ¢haptain¢y seNices amounting to £1,710 (2022 £668 due to COVID restriction). No amounts were outstsnding at the year end (2022 nil). Hope Church {Newtownl has dlwtorsltruste8$ in common. During the year Mr. M Cade was reimbursed for IT equipment purchased on behalf of the charlty amounting to £1,287 (2022 nill. Mr. M Cade is the spouse of Mrs D Cade who is part of the senior management team. Page 25 Delail•d Stslmient of Flmnclal Athitl•s 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donatlons and lega¢les Donations 16.014 5,127 Other tradlng actlvltlog Trolley shop income Investment Income Deposit ar￿U￿1 interest 4,939 2,562 Charltsble activlll85 Fees Receivab Grants 1,926.629 95.947 1.716,166 222,017 2,022,576 1.938,183 Total Incomlng r•sources 2.044.095 1,945,872 EXPENDtfuRE Other trading actfvitles Purthases 392 132 Charltable a¢tlvltles Wages Social security Pension5 Rates and water Insurance Light and heat Sundries Catering services Incontinence suppli8S Clinical waste Medical SUppl￿S Recrutlment ltraining Acfvities Repairs & renewals SeNice contracts & Call ouis Laundry & cleaning Care Management subscriptr'on Depreciation of freehold prowty Depreciation of plant and machinery Deprech3tion of fixtures and ffttin9S 1.531,499 104,636 25,392 8.436 16.734 38,268 9,024 188.171 48.725 10,638 3,667 11,541 4.719 23,003 69.577 35,489 5,552 37.447 16.764 15,213 1.236.622 85.319 21.488 7.451 19,144 44,329 4,152 162.369 49,956 10,600 1,386 1.510 3,798 17.391 32.613 27.987 37.271 11.925 14,175 2.204.495 1,789.486 Support cMts Thss pap does not frym part ofthe slalulryy financ421 $tatom8nts Beth8han Shelterqd Houslng As•o¢latlon Dgtsll•d Statsment of Flnanclal Aetlvltles forthe Y•ar Endèd 31 March 2023 31.3.23 31.3.22 Support CO8ts Managoment Telephone Postage and stationery AdveTti5ing Subscriptions Motor, travel & other expenses Professional fees Bank ¢harg8s & intsrest Depreciation of computer equlpment 1,932 3,981 1,690 1,107 588 1,045 607 3,775 1,449 2,621 1,398 2,136 311 3,558 467 2,087 14.625 14,007 Governance ¢ost8 Wages Audllors, remuneratlon 4,617 3,000 8,757 3,000 7,617 9.757 Total resources expended 2,227,129 1,813,382 Nrt l•xp•ndltur•)Ilncom• (183,034) 132.490 Thls page not lomi part of the stalutory finonrAal 8latements Page 27