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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 04010653 (England and Wales) REGISTERED CHARITY NUMBER: 1081784

The Northam Care Trust (A Company Limited by Guarantee)

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2022

R T Marke & Co Ltd Statutory Auditors and Chartered Accountants 69 High Street Bideford Devon EX39 2AT

Contents of the Financial Statements for the Year Ended 31 March 2022

The Northam Care Trust

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 10
Report of the Independent Auditors 11 to 14
Statement of Financial Activities 15
Balance Sheet 16 to 17
Cash Flow Statement 18
Notes to the Financial Statements 19 to 32
Detailed Statement of Financial Activities 33 to 34

The Northam Care Trust

Reference and Administrative Details for the Year Ended 31 March 2022

TRUSTEES Mr R S Stoneman Chair
Mr P R Mole Vice chair
Mr T J Corkery
Mr R W M Down (appointed 4.8.22)
Mr C D Fulford
Ms C A Tudor
Ms J H Whittaker
Ms S J Brown (resigned 26.1.22)
Mr M J Hare (resigned 26.1.22)
Mr T C Malone (resigned 26.1.22)
COMPANY SECRETARY Ms K V Kerley
REGISTERED OFFICE Rose Hill Community Project
Heywood Road
Bideford
Devon
EX39 3PG
REGISTERED COMPANY 04010653 (England and Wales)
NUMBER
REGISTERED CHARITY 1081784
NUMBER
INDEPENDENT AUDITORS R T Marke & Co Ltd
Statutory Auditors and Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT
CHIEF EXECUTIVE OFFICER Ms J Howell

Page 1

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

The Trustees, who are also Directors for the purposes of company law, are pleased to present their Annual Directors' Report together with the financial statements of the Charity for the year ended 31 March 2022 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Northam Care Trust's primary mission is to support people with learning and physical disabilities in having choice and control to achieve the best possible quality of life, evidenced by real quality outcomes and supported by our passion for excellence. This mission is met through the provision of care and support in a person centred way by dedicated staff teams within our residential Lodges, in our day and community services based at Rose Hill and in local communities where the people we support access local services. In our supported living services the Trust offers the care and support and housing providers offer the tenancies and manage the properties and housing investment companies provide the capital for property purchase and refurbishment. We also offer domiciliary care at home services to older people and people with dementia. Our residential lodges are domestic in nature to ensure that they are the clients' homes ('we work in their homes'). Excellent communication, respect, dignity, engagement, support for carers and families and a set of values and behaviours linked to organisational excellence all underpin our work and add value with personalisation at the core. Our vision is to aspire to a society where everyone has equal access to the same rights and opportunities. A society where people with learning disabilities and additional needs are able to exercise full citizenship with all its rights and responsibilities, where every person is empowered and supported as necessary including people with profound and multiple disabilities and complex health needs to safely live their lives to their full potential within their communities.

More information on the activities of the charity can be viewed on our website www.northamcaretrust.co.uk

Significant activities

Details of all of the charity's activities during the year can be found below under "Achievements and performance".

Public benefit

The Charity in the form of The Northam Care Trust operates residential, day, community, supported living and enabling services and opportunities for adults with learning and physical disabilities and autism and domiciliary care services for older people and people with dementia. Residential care and support for up to 25 clients with profound and multiple learning and physical disabilities and complex health needs are provided in 3 separate homes namely Northam Lodge, Christopher Lodge and Gibson Lodge. They are known collectively by the Care Quality Commission as Northam Lodge. A further property on a nearby but separate site, Rose Hill, houses our central support team and administrative centre but mainly our primary day and community opportunities under the auspices of Rose Hill Community Projects and Outreach Services for people with learning and physical disabilities, autism and additional needs, offering independence, development, activities and learning opportunities to more than 40 people. This number is expected to increase in the coming year. The charity owns outright the freehold of Rose Hill and the Lodges but Christopher and Gibson Lodges are leased to The Guinness Trust. They have been sub-leased back to us at a peppercorn rent on a full repairing and insuring lease that commenced in 1986. This lease will expire in 2085 when the unencumbered freehold of these two Lodges will revert back to the Charity.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

STRATEGIC REPORT Achievement and performance

Charitable activities

During the year under review we are proud to report that we have managed to achieve high standards of care and support for all of our clients. This was evidenced and underpinned in our most recent CQC Comprehensive Unannounced Inspection in February 2018 for our residential Lodges where we achieved solid Goods in the five key areas and an excellent overall report. Our CQC Registered Manager, Jo Burke, continues to provide leadership to our residential services, well supported by Service Managers, support teams, housekeeping and catering teams and our maintenance team. We have retained many of our experienced and highly trained members of staff and continued to recruit permanent employees to reduce our use of agency and relief staff. The families of the clients living in the Lodges think very highly of the support offered through our dedicated and skilled staff teams.

In the Lodges and across all our services we have continued to provide excellent training opportunities and increasing numbers of our staff are achieving NVQs, the Care Certificate, professional qualifications in a range of disciplines and other awards. The Charity moved to eLearning and electronic monitoring and care planning as planned some time ago within our modernisation programme and evidenced in our new and improved marketing materials including our much improved and informative website. We review our electronic support systems regularly to make sure we are meeting the needs of the Trust's development. We offer student placements in the Lodges and other services to external professionals to improve our links in local communities and to assist the development of our service reputations and of course to impact on joint learning. The Trust is now looking forward to the impact of our Training and Development Manager from March 2022 to continue our commitment to training and development for all our staff and volunteers and indeed our Trustees. This initiative will further focus on the range of training models we provide including our interactive induction for new staff.

We continue to expand our day opportunities and community services under the auspices of Rose Hill Community Projects and Outreach Services and are seeing an ever increasing demand from local people for six day per week services. We receive a great deal of praise for the support we deliver and our thanks go to our staff for their enthusiasm, energy and passion for their work. Our transition work with Pathfields and Lampard Schools is a strong feature of our work in helping young people to transition into adult services through quality day opportunities. We continue to work in partnership with the nine primary schools in the Atlantic Coast Cooperative Trust and with the Atlantic Racquet Centre in Bideford.

We commenced our Supported Living developments in early 2020. The CQC registered our Supported Living and Domiciliary Care personal care services in April 2020 just as COVID impacted on society and the Trust managed to continue building this work throughout COVID, attracting new business and increasing our income. We were awarded five solid Goods by the CQC for our Supported Living and Domiciliary Care personal care services in June 2021. We have developed excellent links with housing investment organisations and housing associations and this added increased value to our work. We attracted new Supported Living business in August 2021 via a contract with Devon CC and this added significantly to our portfolio along with the schemes opened and planned with Devon CC and housing providers including Pivotal Homes, SL Gateway and Inclusion.

We have invested in our domiciliary care support to older people living at home including those with dementia. This work has been slow to progress due to lack of recruitment of staff for this area. We have developed plans for this to increase with higher rates of pay. This with our increased marketing and reputation for very good quality care and support should help increase our service provision in this area.

During the period of this report, the Trust continued to develop excellent relationships with local authority commissioners in Devon and latterly in Cornwall and we are seen as a significant provider of a range of services across our service continuum. We work collaboratively with Devon CC (directly contributing to their Appreciative Inquiry into Social Care initiative to raise the profile of social care in Devon and the UK), Cornwall CC and the NHS. We also have excellent relationships with the Care Quality Commission (CQC). The Trust invested in the Kickstart Scheme set up by the Government during COVID to help young people into real jobs. Out of 32 placements offered 24 young people moved into permanent jobs with the Trust and the Trust also became a DWP Ambassador for Kickstart appearing on TV and Radio and in podcasts with Ministers. We have a progressive relationship with the Department of Health and Social Care.

Page 3

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

We have continued to develop personalised services for clients in our Lodges including reviews of care plans, improving and investing in our buildings and external environments. Our rooms and garden areas reflect individual personalities and choices. Our purchase of Eye Gaze Technology in 2018 has continued to assist the ability of our clients without speech to communicate their choices. Our Communications and Sensory Coordinator has also worked on adding additional communication aids using a range of technologies including table tablets and sensory stimulation aids for both physical health and therapeutic purposes. These resources have also been used with the people we support in our Rose Hill Community Projects and Outreach Service.

We continue to make significant investments in upgrading the quality and health and safety of our buildings and equipment through our much valued and dedicated maintenance team support (this leads to responsive problem solving and savings) and in developing our external areas with personalisation and the enjoyment and health and wellbeing of our clients our main priority. This was assisted by the appointment of Dr Nina Tahilyani as the Trust's Wellbeing Programme Manager in March 2022. We have reviewed policies and procedures and continue to work to set aside the budgets needed to ensure we maintain high standards in future years.

We also appointed Yasmin Howard-Dove to the post of Quality and Improvements Manager during the period of this report as part of our Senior Operational Management Team and this work will feature more prominently in our reporting period 2022/23. The role is already contributing to improvements in the setting of standards and auditing in our services and to our policy development. It will impact on our priority of assisting the people we support to have a bigger say in how the Trust is run and to enable them to give their views on the services they receive.

We have continued to invest in staff pay and conditions. COVID has added to the difficulties of staff recruitment over a longer period than we all expected but the Trust has coped well with this and been involved in joint initiatives in attracting new staff. Recruitment continues to be a challenge for all social care organisations and the Trust has been proactive in this by further investment in staff pay during the period of this report and will do so again in the early part of 2022/2023. We have achieved the targets we set ourselves five years ago in increasing our hourly and annual pay rates to a level where the Trust is very competitive in social care markets in respect of recruitment.

Our support for families and carers has continued over the year by Teams and Zoom video meetings and correspondence due to COVID and we continue to look at ways of further developing this work. We know from feedback from families that this type of consultation and signposting is now more important than ever. To this end all parents, families and carers are communicated with regularly by the CEO and our approach to inclusiveness and transparency underpins this work and collaboration. Following our first annual conference for carers and families in Westward Ho! in 2019, we developed a Carers Voice Toolkit and this is in place in our residential services. It is an agreement on co-production between staff, clients, carers and families.

Our marketing development has increased with new brochures for services and a recognition of The Northam Care Trust brand across the social care sector. We have extended our social media work and fully recognise the importance of this in marketing the importance of what we do. The Trust also appeared on BBC TV Spotlight, ITV and radio during the period of this report contributing to recruitment initiatives and raising awareness of the difficulties faced by providers, families and other carers during COVID when face to face contact was reduced. This was very hard for the families of the people we support in our residential lodges who rely so much on face to face communication. Our staff did everything possible to maintain contact with families through a variety of different mediums. We also continue to improve our website and we have a dedicated vehicle with marketing signage for our Domiciliary Home Care work plus another car for use by staff that markets the Trust in Devon and beyond.

The Trust has managed COVID well and high praise needs to go to all our staff in making the sacrifices required in keeping our clients and of course each other safe.

Page 4

The Northam Care Trust

Report of the Trustees for the Year Ended 31 March 2022

STRATEGIC REPORT

Achievement and performance

Fundraising activities

Our local event fundraising efforts were affected by COVID during the period of this report but the Trust wisely and correctly used Government COVID linked grant income offered to providers across the social care sector and distributed and monitored by Devon CC in our case and also managed to attract some local grant income and donations for essential revenue and capital projects.

All fundraising activities undertaken by or on behalf of the charity are managed by the Trustees or the staff of the charity. No commercial participators have been used during the year and the fundraising was not bound by any voluntary scheme for regulating fundraising or any voluntary standard of fundraising.

The charity has monitored fundraising activities and has not received any complaints about any activities for the purpose of fundraising.

Section 172(1) statement

A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to-

(a) the likely consequences of any decision in the long term,

(b) the interests of the company's employees,

(c) the need to foster the company's business relationships with suppliers, customers and others,

(d) the impact of the company's operations on the community and the environment,

(e) the desirability of the company maintaining a reputation for high standards of business conduct, and

(f) the need to act fairly as between members of the company.

Page 5

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

STRATEGIC REPORT Financial review

Financial position

The statement of financial activities for the year shows a net surplus of £220,093 (2021 - deficit of £10,481) for the year. This comprises a net surplus of £215,820 (2021 - £14,319) from unrestricted funds (general charitable activities), a net deficit of £nil (2021 - £34,317) from designated funds and a net surplus of £4,273 (2021 - £9,517) in relation to restricted funds. Total funds held as at 31 March 2022 were £1,820,747 (2021 - £1,600,654). This includes restricted funds of £37,013 (2021 - £48,668). Designated funds were used to contribute to the growth of the charity in the year.

Our Lodges residential fees are calculated on a full cost recovery basis and are continuously under review with Devon County Council and other local authorities with a view to ensuring they cover the true cost of care. Devon County Council were proactive in 2019/20 in reviewing the fees of clients in our residential Lodges where they have major financial accountability and we were grateful for fee increases to better meet individual need and this assisted further negotiations in this reporting period 2021/22. The Trustees agree that the charity remains as a going concern and has adequate resources to continue to fund the activities of the charity. The charity continues to run as efficiently as possible to offer high quality care to clients even in the environment of Government and local authority budget cuts as well as looking for further opportunities in the future to develop services within an expanding continuum to bring in extra income and spread overheads further to create more efficiencies but still spending our income at the points of real need on our clients.

Substantial donations and fundraising efforts make a big difference to our finances. Continued support from local fundraising groups reduced significantly during COVID but we were able to achieve some important grants linked to our work during COVID on adding value to services and developing some extended projects. The Charity is fortunate to have low property costs, however if the properties were not owned or leased on favourable terms and the Charity were required to pay a market rent, there would be a substantial reduction in any surplus generated. We recognise that our Supported Living work with housing providers provides a model for social care where the Trust provides the care and support without property responsibilities.

The Charity holds personal accounts for residents within the Charity's accounting system. These accounts receive benefits on behalf of the clients and enable them to obtain money as they would from a normal bank account in order to purchase personal items and to pay for holidays and excursions. Residents' personal money is held in a separate bank account with Barclays Bank plc and is completely independent of the Charity's own assets.

We are grateful for the excellent work of our Finance Director, Katy Kerley in overseeing our financial budgeting and monitoring and planning our financial future in collaboration with our CEO as our Executive Team.

Reserves policy

The Northam Care Trust holds 2 types of reserve funds:

  1. Designated and Unrestricted funds - Trustees have discussed risks, priorities and possible future opportunities then decided how much money we should save to cover these eventualities. Savings targets are agreed then money is 'designated' towards targets every year where possible. This helps The Northam Care Trust to maintain buildings, renew equipment and build a strong and sustainable future. It also means that we are confident that we can keep providing excellent standards of care even if faced with problems like those identified in our risk management work.

The balance of all designated and unrestricted funds as at 31 March 2022 are given in note 21 to the financial statements.

  1. Restricted funds - Money in the restricted funds has come from donations and grants where the donor has specified how they would like their money to be spent.

During the year, income was received for restricted projects as outlined in note 21 to the accounts. The balance of all restricted funds, as at 31 March 2022, is given in note 21 to the financial statements.

The Charity's current reserves policy will be reviewed again during the 2022/2023 financial year.

Page 6

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

STRATEGIC REPORT

Financial and risk management objectives and policies

A formal risk management process exists to assess business risks and involves identifying the types of risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence and identifying how best to mitigate the risks where possible. The Trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

The Charity also has a Disaster Recovery and Business Continuity Plan and operates a robust Health & Safety strategy. All clients have individual risk assessments within their care plans and there are generic assessments for all other aspects of health and safety. All risk assessments are reviewed on a regular basis and there are established procedures for reporting any findings immediately to appropriate levels of management and to the Board of Trustees.

Future plans

We have identified our priorities for the next few years and have considered timescales and sound strategies for our plans. Our priorities for the Charity are as follows:

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 7

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

The Northam Care Trust is a charity in the form of a company limited by guarantee and is governed by its Memorandum and Articles of Association. Founded in 1978 as the Torridge Association for the Disabled Children and subsequently renamed, it was incorporated in June 2000 as Northam Lodge and renamed as The Northam Care Trust on 4 May 2018.

Recruitment and appointment of new trustees

New Trustees are appointed in line with the Charity's Trustee Recruitment and Induction Policy and are provided with the information they need to fulfil their roles.

Organisational structure

The Charity is governed by a Board of Trustees. All Trustees have been selected for their knowledge of the care and health sectors and/or for their professional skills and experience in business, law, finance, fundraising, health, administration and property that they can contribute to the Charity's development. Guinness Care and Support is entitled to appoint two Trustees to the Board, although they have not chosen to do so. Our Trustees all work to a Code of Conduct which underpins their commitment.

The former Chief Executive, Dr Len Lofts, was responsible for the day to day operations of the Charity and managed the organisation and staff on behalf of the Trustees during the year ended 31 March 2022. He was supported by Katy Kerley, Finance Director and by other members of the Senior Operational Management Team including Ingrid Vlam (moving to a consultancy role in 2022 as her Interim Senior Operations Director role will come to a natural conclusion), Jo Burke, CQC Registered Manager, Residential Services, Tracey Found, CQC Registered Manager for Supported Living, Enabling and Domiciliary Care, Lenka Burikova, Registered Manager Supported Living (moving to the role of Training and Development Manager in March 2022 with her replacement Registered Manager for Supported Living appointed but not yet in post) and Yasmin Howard-Dove, Quality and Improvements Manager. For the period of this report, the Senior Operational Management Team consisted of Dr Len Lofts, Katy Kerley, Ingrid Vlam, Jo Burke, Tracey Found, Lenka Burikova, Yasmin Howard-Dove and Dr Nina Tahilyani who joined the Trust in March 2022 as Wellbeing Programme Manager.

The Trust has reinforced the roles of our HR Manager, Fiona White and Mark Penfold, our Business Support and Information Manager as new members of the Senior Operational Management Team and as stated above, is investing in our approach to the management of Training and Development for our growing number of staff which for the period of this report increased to 255 in total including full and part time. We have an excellent senior staff group operating in middle management in all our services and in the Central Support Team and we operate on the basis of using our income at the points of real need in delivering direct care and support without our management structures becoming top heavy.

In November 2021, during the period of this report, our CEO, Dr Len Lofts decided to give notice of leaving his post as CEO due to ill health and the Trustees put a succession plan into place. Dr Lofts officially left the Trust at the end of June 2022. His successor, Joanne Howell, was appointed in February 2022 and worked on a professional handover plan with Dr Lofts from her start date of 3 May 2022 until Dr Lofts's leaving date of 30 June 2022. The Trustees are grateful for the critical expansion and achievements of the charity and business during Dr Lofts's tenure as CEO since 1st February 2018.

Decision making

The Trustees are responsible for decision making which takes place at regular Trustee meetings. Operational decisions are delegated to Executive and Senior staff members.

Induction and training of new trustees

New trustees undertake a detailed briefing on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the memorandum and Articles of Association, the decision making processes via monthly trustee meetings, the business plan and minutes of previous trustee meetings plus all tabled documents, budgets, accounts and reports.

Key management remuneration

The pay of key management personnel is set by the Trustees.

Page 8

The Northam Care Trust

Report of the Trustees for the Year Ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Significant financial risks

Monthly review of any significant financial risks via regular meetings with the Chief Executive Officer, Finance Director and other members of staff.

Potential financial and non-financial risks

Regular close contact with the Chief Executive Officer, Finance Director and other key management staff to assess potential financial and non-financial risks in all parts of the operation.

Reserves policy

The reserves policy helps to mitigate risk by setting aside funds to deal with unforeseen eventualities.

Non-financial risks

Non-financial risks are assessed via close adherence to statutory regulations re Fire Risk Assessment, Health and Safety legislation, working at heights directives, food hygiene, electrical safety, heating maintenance. Annual insurance covers all risks to the trust's property, staff, volunteers, freelance staff, plus public liability for clients.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Northam Care Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 9

Report of the Trustees for the Year Ended 31 March 2022

The Northam Care Trust

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22 February 2023 and signed on the board's behalf by:

Mr R S Stoneman - Trustee

Page 10

Report of the Independent Auditors to the Trustees of The Northam Care Trust

Opinion

We have audited the financial statements of The Northam Care Trust (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies 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 is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 11

Report of the Independent Auditors to the Trustees of The Northam Care Trust

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 12

Report of the Independent Auditors to the Trustees of The Northam Care Trust

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. In common with all audits under UK ISAs we are also required to perform specific procedures to respond to the threat of management override. This work included testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of operations.

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates, and considered the risk of acts by the charitable company that were contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Health and Safety Act, UK Companies Act, Charity's legislation and Care Quality Commission regulations.

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting correspondence.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation, reading the minutes of those charged with governance and enquiring of management as to actual and potential litigation and claims.

We did not identify any key audit matters relating to irregularities, including fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 13

Report of the Independent Auditors to the Trustees of The Northam Care Trust

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of R T Marke & Co Ltd Statutory Auditors and Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 69 High Street Bideford Devon EX39 2AT

3 March 2023

Page 14

The Northam Care Trust

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
5
Residential
Community projects
Domiciliary care
Supported living
Investment income
4
Other income
6
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Residential
Community projects
Domiciliary care
Supported living
Total
NET
INCOME/(EXPENDITURE)
Transfers between funds
21
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
fund
£
9,677
2,458,900
531,908
183,589
1,739,262
675
175,751
5,099,762
20,561
2,508,425
490,828
243,452
1,620,676
4,883,942
215,820
16,514
232,334
55,684
288,018		 Designated
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(586)
(586)
1,496,302
1,495,716		 Restricted
funds
£
13,185
-
-
-
-
-
-
13,185
-
8,912
-
-
-
8,912
4,273
(15,928)
(11,655)
48,668
37,013		 2022
Total
funds
£
22,862
2,458,900
531,908
183,589
1,739,262
675
175,751
5,112,947
20,561
2,517,337
490,828
243,452
1,620,676
4,892,854
220,093
-
220,093
1,600,654
1,820,747		 2021
Total
funds
as restated
£
38,160
2,478,718
413,566
70,313
223,876
960
121,855
3,347,448
4,959
2,621,301
419,523
35,733
276,413
3,357,929
(10,481)
-
(10,481)
1,611,135
1,600,654

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 15

The Northam Care Trust (Registered number: 04010653)

Balance Sheet 31 March 2022

Notes
FIXED ASSETS
Tangible assets
17
CURRENT ASSETS
Debtors
18
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
21
Unrestricted funds:
General fund
Fixed assets
Capital work and major repairs
Closure contingency
Voids reserve
Unrestricted/service development
Business continuity
Restricted funds
TOTAL FUNDS		 2022
£
932,441
709,355
403,852
1,113,207
(224,901)
888,306
1,820,747
1,820,747
288,018
578,394
322,999
340,903
208,000
40,000
5,420
1,783,734
37,013
1,820,747		 2021
as restated
£
926,324
313,195
453,708
766,903
(92,573)
674,330
1,600,654
1,600,654
55,684
578,980
322,999
340,903
208,000
40,000
5,420
1,551,986
48,668
1,600,654

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 16

The Northam Care Trust (Registered number: 04010653)

Balance Sheet - continued 31 March 2022

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 22 February 2023 and were signed on its behalf by:

Mr R S Stoneman - Trustee

Mr P R Mole - Trustee

The notes form part of these financial statements

Page 17

The Northam Care Trust

Cash Flow Statement for the Year Ended 31 March 2022

Notes
Cash flows from operating activities
Cash generated from operations
24
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2022
a
£
9,124
9,124
(59,655)
675
(58,980)
(49,856)
453,708
403,852		 2021
s restated
£
(57,160)
(57,160)
(20,933)
960
(19,973)
(77,133)
530,841
453,708

The notes form part of these financial statements

Page 18

The Northam Care Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

The Northam Care Trust is a private company registered with the Charity Commission, limited by guarantee, registered in England and Wales. The charitable company's registered company number, registered charity number and registered office address can be found on page 1.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

The allocation and apportionment of costs has been revised in the year as described below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants in respect of capital expenditure are treated as deferred income and are credited to the income and expenditure account over the estimated useful life of the assets to which they relate.

Grants of a revenue nature are credited to the income and expenditure account in the same period as the related expenditure.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Allocation and apportionment of costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating staff costs by the time spent and other costs by their usage.

For the current year, this apportionment was based on care hours provided by staff.

In the comparative figures, costs are split 85% residential activities and 15% community projects in relation to employee costs, and 80% residential activities, 15% community projects and 5% supported living activities for all other support and governance costs.

Page 19

The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% straight line and nil on land Fixtures and fittings - 20% straight line Motor vehicles - 20% straight line Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

The trustees have chosen to only capitalise fixed assets where their cost exceeds £5,000.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions 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 statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income and expenditure account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Going concern

Having regard to the charity's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the trustees consider that it is appropriate to prepare the financial statements on the going concern basis.

Page 20

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

3. DONATIONS AND LEGACIES

2022 2021
as restated
£ £
Donations and gifts 22,862 38,160
4. INVESTMENT INCOME
2022 2021
as restated
£ £
Deposit account interest 675 960
5. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
as restated
Activity £ £
Residential fees Residential 2,458,900 2,478,718
Community projects Community projects 531,908 413,566
Domiciliary care Domiciliary care 183,589 70,313
Supported living Supported living 1,739,262 223,876
4,913,659 3,186,473
Included in income from charitable activities are government grants totalling £66,214 (2021 - £140,547).
6. OTHER INCOME
2022 2021
as restated
£ £
Other income 175,751 121,855

Included in other income are government grants totalling £176,371 (2021 = £121,426).

Page 21

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

7. RAISING FUNDS

Other trading activities

Other trading activities
Bad debts
Other fundraising costs
CHARITABLE ACTIVITIES COSTS
Residential
Community projects
Domiciliary care
Supported living		 Direct
Costs
£
1,719,658
335,843
197,904
1,102,937
3,356,342		 2022
£
18,145
2,416
20,561
Support
costs (see
note 9)
£
797,679
154,985
45,548
517,739
1,515,951		 2021
as restated
£
2,801
2,158
4,959
Totals
£
2,517,337
490,828
243,452
1,620,676		 2021
restated
£
2,801
2,158
4,959
4,872,293

8. CHARITABLE ACTIVITIES COSTS

Support costs have been apportioned across the charity's activities and projects based on care hours provided by staff.

In the comparative figures, support costs relating to employee costs have been apportioned across residential activities and community projects on an 85:15 basis and other support and governance costs have been apportioned across residential activities, community projects and supported living activities on an 80:15:5 basis.

9. SUPPORT COSTS

Residential
Community projects
Domiciliary care
Supported living		 Head of
care
£
41,187
8,658
12,220
79,862
141,927		 Other
£
753,412
145,679
32,414
431,902
1,363,407		 Governance
costs
£
3,080
648
914
5,975
10,617		 Totals
£
797,679
154,985
45,548
517,739
1,515,951

Page 22

The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. SUPPORT COSTS - continued

Support costs have been apportioned across the charity's activities and projects based on care hours provided by staff.

In the comparative figures, support costs relating to employee costs have been apportioned across residential activities and community projects on an 85:15 basis and other support and governance costs have been apportioned across residential activities, community projects and supported living activities on an 80:15:5 basis.

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
11.
AUDITORS' REMUNERATION
Fees payable to the charity's auditors for the audit of the charity's financial
statements
Other non-audit services		 2022
as
£
53,538
2022
as
£
5,850
3,600		 2021
restated
£
39,336
2021
restated
£
4,000
2,750

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
3,694,170
234,686
54,565
3,983,421		 2021
as restated
£
2,577,930
166,214
42,206
2,786,350

The average monthly number of employees during the year was as follows:

2022 2021
as restated
Charitable activities 227 165

Page 23

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

13. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022 2021
as restated
£60,001 - £70,000 1 1

Wages and salaries relating to support staff have been apportioned across the charity's activities and projects based on care hours provided by staff.

In the comparative figures, wages and salaries relating to support staff have been apportioned across residential activities and community projects on an 85:15 basis.

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Residential
Community projects
Domiciliary care
Supported living
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Residential
Community projects
Domiciliary care
Supported living
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
fund
£
10,414
2,478,718
413,566
70,313
223,876
960
121,855
3,319,702
4,959
2,568,755
419,523
35,733
276,413
3,305,383
14,319
(302,661)
(288,342)
344,026		 Designated
£
-
-
-
-
-
-
-
-
-
34,317
-
-
-
34,317
(34,317)
299,903
265,586
1,230,716		 Restricted
funds
£
27,746
-
-
-
-
-
-
27,746
-
18,229
-
-
-
18,229
9,517
2,758
12,275
36,393		 Total
funds
as restated
£
38,160
2,478,718
413,566
70,313
223,876
960
121,855
3,347,448
4,959
2,621,301
419,523
35,733
276,413
3,357,929
(10,481)
-
(10,481)
1,611,135

Page 24

The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD
55,684		 ACTIVITIES -
Designated
£
1,496,302		 continued
Restricted
funds
£
48,668		 Total
funds
as restated
£
1,600,654

15. PRIOR YEAR ADJUSTMENT

Property previously classified as leasehold property has been reclassified as freehold property to better reflect the terms of its ownership. This has had no effect on reserves.

16. KEY MANAGEMENT REMUNERATION

The total compensation payable for the year to those individuals whom the trustees consider to be key management personnel was £284,718 (2021 - £255,743).

17. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Freehold
property
£
1,100,149
-
1,100,149
236,990
18,406
255,396
844,753
863,159		 Fixtures
and
fittings
£
239,473
35,466
274,939
197,107
20,659
217,766
57,173
42,366		 Motor
vehicles
£
86,206
24,189
110,395
67,749
12,131
79,880
30,515
18,457		 Computer
equipment
£
28,482
-
28,482
26,140
2,342
28,482
-
2,342		 Totals
£
1,454,310
59,655
1,513,965
527,986
53,538
581,524
932,441
926,324

Included in cost or valuation of land and buildings is freehold land of £180,000 (2021 - £180,000) which is not depreciated.

Page 25

The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2022
a
£
526,486
6,126
176,743
709,355
2022
a
£
61,232
1,261
134,166
28,242
224,901		 2021
s restated
£
205,771
462
106,962
313,195
2021
s restated
£
20,110
22
56,170
16,271
92,573

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Current assets
Current liabilities		 Unrestricted
fund
£
-
512,919
(224,901)
288,018		 Designated
£
919,297
576,419
-
1,495,716		 Restricted
funds
£
13,144
23,869
-
37,013		 2022
Total
funds
£
932,441
1,113,207
(224,901)
1,820,747		 2021
as restated
Total
funds
£
926,324
766,903
(92,573)
1,600,654

Page 26

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

21. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Fixed assets
Capital work and major repairs
Closure contingency
Voids reserve
Unrestricted/service development
Business continuity
Restricted funds
Kitchen Refurbishment
Day Service Fundraising
NL Sensory Room
Garden Refurbishment
Clients hardship
Awards for All Rosebuds project
Carers Project
J. Horrell - NL Technical Fund
In memory of TF
Appledore Kiosk
Football Ability
Gardening for the disabled
Pony Paddock
Sensory tables
Northam Lodge lift
David's Pub
TOTAL FUNDS		 At 1.4.21
£
55,684
578,980
322,999
340,903
208,000
40,000
5,420
1,551,986
8,905
1,535
16,544
365
783
962
4,575
1,023
2,272
1,500
1,000
171
9,033
-
-
-
48,668
1,600,654		 Net
movement
in funds
£
215,820
-
-
-
-
-
-
215,820
-
(1,535)
(616)
(365)
-
-
-
-
-
-
(1,000)
-
(2,060)
141
4,473
5,235
4,273
220,093		 Transfers
between
funds
£
16,514
(586)
-
-
-
-
-
15,928
-
-
(15,928)
-
-
-
-
(1,023)
(2,272)
-
-
-
-
3,295
-
-
(15,928)
-		 At
31.3.22
£
288,018
578,394
322,999
340,903
208,000
40,000
5,420
1,783,734
8,905
-
-
-
783
962
4,575
-
-
1,500
-
171
6,973
3,436
4,473
5,235
37,013
1,820,747

Page 27

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Day Service Fundraising
NL Sensory Room
Garden Refurbishment
Football Ability
Pony Paddock
Sensory tables
Northam Lodge lift
David's Pub
TOTAL FUNDS		 Incoming
resources
£
5,099,762
-
-
50
-
-
1,000
5,591
6,544
13,185
5,112,947		 Resources
expended
£
(4,883,942 )
(1,535)
(616)
(415)
(1,000)
(2,060)
(859)
(1,118)
(1,309)
(8,912)
(4,892,854 )		 Movement
in funds
£
215,820
(1,535)
(616)
(365)
(1,000)
(2,060)
141
4,473
5,235
4,273
220,093

Page 28

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed assets
Capital work and major repairs
Closure contingency
Voids reserve
Unrestricted/service development
Business continuity
Restricted funds
Dementia Service
Kitchen Refurbishment
Day Service Fundraising
NL Sensory Room
Minibuses
Garden Refurbishment
Clients hardship
Awards for All Rosebuds project
Carers Project
J. Horrell - NL Technical Fund
In memory of TF
Appledore Kiosk
Football Ability
Sensory garden
Communication
Gardening for the disabled
Pony Paddock
TOTAL FUNDS		 At 1.4.20
£
344,026
484,340
276,280
340,989
105,000
24,107
-
1,574,742
(11,735)
8,905
1,535
19,335
3,000
450
783
962
4,575
1,335
5,748
1,500
-
-
-
-
-
36,393
1,611,135		 Net
movement
in funds
£
14,319
-
(16,519)
-
-
-
(17,798)
(19,998)
5,977
-
-
(2,791)
-
(85)
-
-
-
-
-
-
1,000
(3,476)
(312)
171
9,033
9,517
(10,481)		 Transfers
between
funds
£
(302,661)
94,640
63,238
(86)
103,000
15,893
23,218
(2,758)
5,758
-
-
-
(3,000)
-
-
-
-
(312)
(3,476)
-
-
3,476
312
-
-
2,758
-		 At
31.3.21
£
55,684
578,980
322,999
340,903
208,000
40,000
5,420
1,551,986
-
8,905
1,535
16,544
-
365
783
962
4,575
1,023
2,272
1,500
1,000
-
-
171
9,033
48,668
1,600,654

Page 29

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

The Northam Care Trust

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Capital work and major repairs
Business continuity
Restricted funds
Dementia Service
NL Sensory Room
Garden Refurbishment
Football Ability
Sensory garden
Communication
Gardening for the disabled
Pony Paddock
TOTAL FUNDS		 Incoming
resources
£
3,319,702
-
-
3,319,702
6,251
-
-
1,000
-
6,520
675
13,300
27,746
3,347,448		 Resources
expended
£
(3,305,383 )
(16,519)
(17,798)
(3,339,700 )
(274)
(2,791)
(85)
-
(3,476)
(6,832)
(504)
(4,267)
(18,229)
(3,357,929 )		 Movement
in funds
£
14,319
(16,519)
(17,798)
(19,998)
5,977
(2,791)
(85)
1,000
(3,476)
(312)
171
9,033
9,517
(10,481)

Purpose of material funds

General funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and which the charity may use for its purpose at its discretion.

The fixed assets fund has been designated to cover the cost of purchasing major items of equipment.

The capital work and major repairs fund has been designated to cover costs of repairs, extensions and renewals of buildings and major items of equipment.

The closure contingency fund has been designated to cover the costs expected to be incurred in the event the charity was forced to close or approximately 5 months running costs (whichever is greater) and should be enough to cater for any issues of funding collapse.

The voids reserve fund has been designated to subsidise residential services if there are void rooms (attracting no fees) in order to maintain the same high quality of care for the remaining clients.

The unrestricted / service development fund has been designated to cover the cost of developing a new service or project.

The business continuity fund has been designated to ensure the charity continues to deliver the services we offer at acceptable levels following a disruptive incident.

In the opinion of the Trustees, sufficient funds are held in an appropriate form to enable each fund to be applied in accordance with the relevant restrictions.

Page 30

The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

21. MOVEMENT IN FUNDS - continued

Transfers between funds

Transfers have between made between designated funds and the unrestricted general fund to bring the closing balances on these funds to the amounts which the trustees consider appropriate to meet the financial requirements of the relevant fund.

A transfer of unspent funds to general reserves have been made from the NL Sensory Room fund as expenditure on the fund was incorrectly allocated to unrestricted expenditure in earlier years.

A transfer of £2,272 has been made from the In memory of TF fund to the Sensory tables fund to cover the excess spent on that fund as agreed with the relevant funders.

A transfer of £1,023 has been made from the J. Horrell - NL Technical fund to the Sensory tables fund to cover the excess spent on that fund as agreed with the relevant funders.

22. CONTINGENT LIABILITIES

The charity has entered into service level contracts with housing providers in the course of their supported living programme. These provide that in the event of rental voids, the charity is required to pay the housing provider the gross rents for empty units plus some additional costs such as service charges and council tax.

At 31st March the charity had service level agreements covering 44 rented units and an average occupancy rate for the year ended 31st March of 86%.

It is not practicable to make a reliable estimate of the financial effect, or the timing of any possible liability arising, due to the uncertainty of when voids are likely to occur and the length of time any individual unit will be vacant.

The trustees are actively working to ensure that voids are minimised as far as possible.

23. RELATED PARTY DISCLOSURES

There were no disclosable related party transactions for the year ended 31 March 2022 other than the key management remuneration disclosed above.

24. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase in creditors
Net cash provided by/(used in) operations		 2022
a
£
220,093
53,538
(675)
(396,160)
132,328
9,124		 2021
s restated
£
(10,481)
39,336
(960)
(95,878)
10,823
(57,160)

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The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

25.. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 453,708 (49,856) 403,852
453,708 (49,856) 403,852
Total 453,708 (49,856) 403,852

26. CHARITY STATUS

The charity is a private company limited by guarantee and consequently does not have share capital. Each of the Members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

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The Northam Care Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts
Investment income
Deposit account interest
Charitable activities
Residential fees
Community projects
Domiciliary care
Supported living
Other income
Other income
Total incoming resources
EXPENDITURE
Other trading activities
Bad debts
Other fundraising costs
Charitable activities
Wages
Social security
Pensions
Agency staffing costs
Travelling
Other direct charitable costs
Support costs
Head of care
Wages
Social security
Pensions
Carried forward		 2022
£
22,862
675
2,458,900
531,908
183,589
1,739,262
4,913,659
175,751
5,112,947
18,145
2,416
20,561
2,879,028
181,323
44,529
218,711
15,148
17,603
3,356,342
93,672
7,644
1,894
103,210		 2021
as restated
£
38,160
960
2,478,718
413,566
70,313
223,876
3,186,473
121,855
3,347,448
2,801
2,158
4,959
1,922,284
130,674
34,676
11,595
7,379
18,229
2,124,837
70,375
6,864
1,758
78,997

This page does not form part of the statutory financial statements

Page 33

The Northam Care Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Head of care
Brought forward
Other head of care costs
Other
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Advertising, postage and stationery
Other support costs
Agency staffing costs
Motor, travel and subsistence
Training costs
Depreciation of freehold property
Depreciation of fixtures and fittings
Depreciation of motor vehicles
Depreciation of computer equipment
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Other governance costs
Total resources expended
Net income/(expenditure)		 2022
£
103,210
38,717
141,927
721,470
45,719
8,142
21,912
21,713
48,872
11,879
66,215
235,092
35,425
43,129
50,301
18,406
20,659
12,131
2,342
1,363,407
5,850
3,600
1,167
10,617
4,892,854
220,093		 2021
as restated
£
78,997
17,210
96,207
585,271
28,676
5,772
22,210
12,468
57,345
10,471
41,600
208,810
39,315
37,144
36,169
18,406
14,226
852
5,852
1,124,587
4,000
2,750
589
7,339
3,357,929
(10,481)

This page does not form part of the statutory financial statements

Page 34