2023-03-31-accounts

Trustees' Report		I to 6
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	8to 10
Statement ofFinancial	Activities	11 to 12
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Financial	Statements	15to 26
Statement ofFinancial	Activities	27

Chairman				Mr M Thomas MSc	Mr M Thomas MSc
Trustees:				Mrs E Westall BSc(Hons)		Dip SW
				Mr M G Golberg MA (Oxen) CQSW			(resigned 31	July 2023)
				Mrs P A Hobbs	SRN
				Dr S Daddy MB.BSMRCS.LRCP (resigned 31March 2023)
				Mr M J Hall BA (Hons)
				Mrs RM Blacklock MA Cantab
				Mr RSKeenlyside BSc(Hons) MRlCS (resigned				3 May 2022)
Registered	Office:			Cedars Nursing	Home
				Angel Lane
				Shaftesbury
				Dorset
				SP7 8DF
				The charity is incorporated		in England	and Wales.
Company	Registration		Number.	3913377
Charity Registration		Number:		1079718
Solicitors:				Anthony Collins
				134Edmund Street
				Birmingham
				B32ES
Bankers:				NatWest Bank pic
				Shaffesbury
				The Commons
				Bell Street
				Shaffesbury
				Dorset
				SP7 8JY
Auditor:				Lanham & Francis
				Registered Auditors
				Church House
				Church Street
				Yeovi1
				Somerset
				BA20 IHB

			and Los	ses)
				Vnrestricted	Restricted	Total
				funds	funds	2023
			Note
Income aud Endowments		from:
Donations and legacies				874		874
Charitable activities				!,917,138		1,917,138
Investment income				2,301		2,301
Other income				9,584		9,584
Total income				1,929,897		1,929,897
Expenditure on:
Raising funds				(6,750)		(6,750)
Charitable activities				(2,361,730)	(4,259)	(2,365,989)
Total expenditure				(2,368,480)	(4,259)	(2,372,739)
Net expenditure				(438,583)	(4,259)	(442,842)
Net movement in funds				(438,583)	(4,259)	(442,842)
Reconciliation offunds
Total funds brought	forward			1,885,045	121,856	2,006,901
Total funds carried	forward		23	1,446,462	117,597	1,564,059

			and Los	ses)
						Total
				Unrestricted	Restricted	2022
			Note	8	8	8
Income and Endowments		from:
Donations and legacies				10,798		10,798
Charitable activities				2,501,879		2,501,879
Investment income				32		32
Other income				22,863		22,863
Total income				2,535,572		2 535572
Expenditure on: Raising funds Charitable activities				(7,821) 42,260,4055	~4,259)	(7,821) (2,264,664)
Total expenditure				(2,268,226)	(4,259)	(2,272,485)
Net income/(expenditure)				267,346	(4,259)	263,087
Net movement in funds				267,346	(4,259)	263,087
Reconciliation offunds
Total funds brought	forward			1,617,699	126,115	1,743,814
Total funds canted	forward		23	1,885,045	121,856	2,006,901

		Balance Sheet as at 31	March 2023
				2023	2022
			Note
Fixed assets
Tangible assets			15	1,811,445	2,015,304
Current assets
Stocks			16	4,675	5,916
Debtors			17	102,819	136,945
Cash at bank	and in hand		18	497,206	772,811
				604,700	915,672
Creditors: Amounts		falling due within one year	19	(227,086)	(299,075)
Net current	assets			377,614	616,597
Total assets	less current liabilities			2,189,059	2,631,901
Creditors: Amounts		falling due after more than one year	20	(625,000)	(625,000)
Net assets				1,564,059	2,006,901
Funds ofthe	charity:
Restricted income funds
Restricted funds			23	117,597	121,856
Unrestricted	income	funds
Unrestricted	funds			1,446,462	1,885,045
Total funds			23	1,564,059	2,006,901

Statement ofCash F	lows for the	Year Ended	31March 2023
			2023	2022
		Note	8
Cash flows from operating activities
Net cash (expenditure)/income			(442,842)	263,087
Adjustments to cash flows from noa-cash	items
Depreciation			81,404	87,354
Investment income			(2,301)	(32)
interest payable			6,750	7,821
Loss on disposal oftangible fixed assets			31,943	3,220
Impairment offixed assets			99,061
			(225,985)	361,450
Working capital adjustments
Decrease in stocks		16	1,241	1,887
Decrease in debtors		17	34,126	45,663
03ecresse)/increase in creditors		19	(71,989)	3,304
Net cash flows from operating activities			(262,607	412,304
Cash flows from investing activities Interest receivable and similar income Purchase oftangible fixed assets Net cash flows from investing activities		5 11	2,301 ~4,949 (6,248)	32 ~(12,444 ~((2.4(2
Cash flows from linancing activities
Interest payable and similar charges			(6,750)	(7,821)
Repayment ofloans and borrowings				(32,790)
Net cash flows from financing activities			(6,750)	(40,611
Net (decrease)/increase in cash and cash equivalents			(275,605)	359,281
Cash and cash equivalents at I April			772,811	413,530
Cash and cash equivalents at 31 March			497,206	772,811

3	Income from	donations	and legacies
				Unrestricted
				funds	Total
				General	funds
				f
Donations and legacies;
	Donations from	individuals		874	874
Total for 2023				874	874
Total for 2022				10,79$	10,79$
4	Income from	charitable	activities
				Unrestricted
				funds	Total
				General	funds
				f
	Residential care			1,917,138	1,917,138
Total for 2023				1,917,138	1,917,138
Total for 2022				2,501,879	2,501,879
5	Investment income
				Unrestricted
				funds	Total
				General f	funds
Interest receivable		and similar	income;
	Interest receivable on bank		deposits	2,301	2,301
Total for 2023				2,301	2,301
Total for 2022				32	32

						Unrestricted
						funds	Total
						General f	funds f
Rental income						9,584	9,584
Total fer 2023						9,584	9,584
Total for 2022						22,863	22,863
7 Expenditure	on raising funds
Investment management			costs
						Unrestricted
						funds	Total
					Note	General	fundsf
Interest payable;
Interest payable	on other	loans				6,750	6,750
Total for 2023						6,750	6,750
Total for 2022						7,821	7,821
8 Expenditure	on charitable		activities
					Unrestricted
					funds	Restricted	Total
				Note	General f	funds	funds
Residential care					472,333		472,333
Legal and financial					14,468		14,468
Depreciation, amortisation		and	other
similar costs					208,149	4,259	212,408
Staff costs					1,647,342		1,647,342
Governance costs					19,438		19,438
Total for 2023					2,361,730	4,259	2,365,989
Total for 2022					2,260,405	4,259	2,264,664

Governance costs
					Unrestncted
					funds	Total
					General	funds
					8
Audit fees
Audit ofthe financial	statements				8,700	8,700
Other fees paid to auditors Management fees					4,0$8 6,650	4,088 6,650
Total for 2023					19,438	19,438
Total for 2022					19,900	19,900
10 Net incoming/outgoing		resources
Net (outgoing)/incoming	resources for the year		include:
					2023	2022
					f.
Audit fees					8,700	9,600
Other non-audit services					4,088	4,800
Loss on disposal oftangible		fixed assets			31,943	3,220
Impairment offixed assets					99,061
Depreciation offixed assets Finance charges payable					81,404 6.750	87,354 7,$21
11 Trustees remuaeration		and expenses
During the year the charity		made the following	transactions	with trustees:

The aggregate payr	oll costs were as follows:
		2023 f.	2022f
Staff costs during	the year were:
Wages and salaries		1,519,653	1,575,119
Social security costs		104,325	116,292
Pension costs		23,364	31,792
		1,647,342	1,723,203

		2023		2022
		No		No
Charitable	activities		56		75
Administration			6		7
Trustees			8		8
			70		90

13 Auditors' remuner	ation
		2023	2022
Audit ofthe financial	statements	8,700	9,600
Other fees to auditors
All other non-audit services		4,088	4,800

15 Tangible fixed assets
	Land	and	Furniture and
	buildings f		equipment	Total f.
Cost
At 1 April 2022	2,921,594		398,383	3,319,977
Additions Disposals			8,549 ~373,133)	8,549 )173,13)I)
At 31March 2023	2,921,594		233,802	3,155,396
Depreciation
At I April 2022	1,004,247		300,426	1,304,673
Impairment		99,061		99,061
Charge for the year Eliminated on disposals		55,832	25,572 ~34),)87	81,404 ~)43,387)
At 31March 2023	1,159,140		184,811	1,343,951
Net book value
At 31March 2023	1,762,454		48,991	1,811,445
At 31 March 2022	1,917,347		97,957	2,015,304
16 Stock
			2023	2022
Stocks			4,675	5,916
17 Debtors
			2023f	2022
Trade debtors			62,208	58,826
Prepayments			36,900	34,203
Other debtors			3,711	43,916
			102,819	136,945
IS Cash and cash equivalents
			2023f	2022f
Cash on hand			382	719
Cash at bank			496,824	772,092
			497,206	772,811

19 Creditors:	amounts	falling due within one year
			2023	2022
Trade creditors			79,600	79,602
Other loans			5,000	5,000
Other taxation	and socia!	security	38,044	69,256
Other creditors			77,005	111,650
Accruals			27,437	33,567
			227,086	299,075
20 Creditors:	amounts	falling due after one year
			2023	2022
Concessionary	loans		625,000	625,000

Creditors amo been given by	unts falling due after more than one the charity:	year includes the following liabilities, on whi	ch security has
		2023	2022f
Concessionary	loans	625,000	625,000

Included in the creditors are the following amou	nts due after more than fi	ve years:
		2023	2022
Atter more than five years not by instalments		625,000	625,000
Other loans after five years
Concessionary loan
Borrowing off225,000 at 3%pa. No repayment	due until 2045.

Total futum minimum lease payments under non-cancel	lable operating leases are as follows:
	7.023	2022f
Other
Within one year	4,392	14,321
Between one snd five years	16,104	57,284
After five years		7,065
	20,496	78,670

23 Funds
	Balance at 1 April 2022	incoming resources f	Resources expended f	Balance at31 March 2023 f
Unrestricted funds
General
General fund	1,885,045	1,929,897	(2,368,480)	1,446,462
Restricted funds
Conservatory Fund - Castle Hill
House	54,997		(1,450)		53,547
Dignity in Care - The Cedars	4,293		(122)		4,171
Dignity in Care - Castle Mill House	4,893		(129)		4,764
Sun Room - The Cedars	15,200		(400)		14,800
Extension - The Cedars	39,000		(1,000)		38,000
Sensory Table - The Cedars	3,473		(1,158)		2,315
Total restricted funds	121,856		(4,259)	117,597
Total funds	2.006.901	7,929.897	42,372.7397	1.564,059

		Balance at I	Incoming	Resources	Balance at 31
		April 2021	resources	expended	March 2022
Unrestricted funds
General
General fund		1,617,699	2,535,572	(2,268,226)	1,885,045
Restricted
Conservatory	Fund - Castle Hill
House		56,447		(1,450)	54,997
Dignity in Care - The Cedars		4,415		(122)	4,293
Dignity in Care - Castle Hill
House		5,022		(129)	4,893
Sun Room - The Cedars		15,600		(400)	15,200
Extension - The Cedars		40,000		(1,000)	39,000
Sensory Table	- The Cedars	4,631		(1,158)	3,473
Total restricted	funds	126,115		(4,259)	121,856
Total funds		1,743,814	2,535,572	(2,272,485)	2,006,901

24 Analysis of	net assets between funds
		Unrestricted		Total funds at
		funds	Restricted		31March
		General	fundsf		2023
Tangible fixed	assets	1,693,$48	117,597		1,811,445
Current assets		604,700			604,700
Current liabilities		(227,086)			(227,086)
Creditors over	1year	(625,000)			(625,000)
Total net assets		1,446,462	117,597		1,564,059
		Unrestricted		Total funds at
		funds	Restricted		31March
		General	funds		2022
Tangible fixed	assets	1,893,448	121,856		2,015,304
Current assets		915,672			915,672
Current liabilities Creditors over 1 year		(299,075) (625,000)		(299,075) ~625,0007
Total net assets		1,885,045	121,856		2,006,901

25 Analysis ofnet funds
	At I April	Fiaancing cash	At 31March
	2022f	flows	2023
Cash at bank and in hand Debt due atter more than one year	772,811 ~(625.000	(275,605)	497,206 (625,000)
Net debt	147811	~(275605	~(l27794
	At 1April	Financing cash	At 31March
	2021f	flowsf	2022f
Cash at bank and in hand	413,530	359,281	772,811
Debt due within one year	(12,051)	12,051
Debt due afler more than one year	(645,739)	20,739	(625,000)
Net debt	(244,260)	392,071	147,$11

Detailed Sta	tem	ent ofFinancial Activities for	the Year Ended 31Marc	h 2023
			Total	Total
			2023	2022
Income and Endowments		from:
Donations and legacies			874	10,798
Charitable activities			1,917,138	2,501,879
Investment income			2,301	32
Other income			9,584	22,863
Total Income			1,929,897	2,535,572
Expenditure on:
Wages and salaries			1,519,653	1,575,119
Social security costs			104,325	116,292
Pension costs			23,364	31,792
Interest payable and similar		charges	6,750	7,821
Household and medical	costs		196,467	178,783
Rent			2,475	9,450
Repairs and maintenance			84,359	69,250
Stafftraining and recruitment			11,517	26,556
Rates, water, light and heat			96,604	66,300
Telephone and fax			6,647	8,013
Printing, postage and stationery			5,456	9,414
Trade subscriptions			41,267	32,094
Sundry expenses			13,886	8,440
Travel and subsistence			1,127	1,033
Advertising			12,528	3,728
Legal and professional	fees		12,168	4,653
Bad debts written off			1,139	11,997
Bank charges			1,161	1,276
Depreciation, amortisation		and other similar costs	212,408	90,574
Auditors' remuneration			12,788	14,400
Management fees			6,650	5,500
Total Expenditure			2,372,739	2,272,485
Net (expenditure)/income			(442,842)	263,087
Net movement in funds			(442,842)	263,087
Reconciliation offunds
Total funds brought forward			2,006,901	1,743,814
Total funds carried forward			I.564.059	2,II06,905