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|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|
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|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|||||
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||||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|
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||||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|
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|||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|
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|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|
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|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|
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|||||||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|
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|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:|||
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|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|
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|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|
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|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|
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|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.|||
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|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|
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|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||
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|||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|
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|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|
##
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|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|