2023-03-31-accounts - Amica Care Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference	and Administrative		Details
Trustees'	Report (including Directors' Report and Strategic Report)			2-12
Statement	ofTrustees'	Responsibilities		13
Independent Auditors'		Report		14—17
Statement	of Financial	Activities		18-19
Balance Sheets				20
Cash flow	Statement			21
Notes to the Financial		Statements		22-31

T
rustees:				Mr J Baker
				Mr G Briscoe
				Mrs V Crow
				Mr W Dalton
				Mr G George
				Ms J Lacey
				Mr A Ladd
				Ms A Warman
				Mr J Whittaker
Charity Number:				1084054
Company	Number:			04071304
Principal Address		and Registered	Office:	Gatchell House
				Gatchell Oaks
				Trull
				Taunton
				Somerset
				TA3 7EG
Auditors:				Albert Goodman	LLP
				Chartered Accountants
				Goodwood House
				Blackbrook Park Avenue
				Taunton
				Somerset
				TA1 2PX
Bankers:				Santander UK pic
				Corporate 8 Commercial
				2 Triton Square
				Regent's Place
				London
				NW1 3AN
Solicitors:				RWK Goodman
				5-6 Northumberland	Buildings
				Queen Square
				Bath
				BA1 2JE
				Stone King
				13Queen Square
				Bath
				BA1 2HJ

n the final quar	ter ofthe financial year.
		2023	2022
		R'000	R'000
Income		9,248	9,864
EBITDA		499	50
Net income/	ex enditure	890	384
Cash balance		1,391	2,329
Total net assets		12,517	13,406

n safe an	d we hav	e continued	to meet all	their requirem	ents in all hom	es.
Home		Oate	Safe	Effective	Caring	Responsive	Well Led	Overall Rating
Exmouth	House	28/02/22	Good	Good	Outstandin	Outstandin	Good	Outstan din
The Orchards		03/11/22	Good	Good	Good	Outstandin	Good	Good
Si nature	House	30/08/22	Good	Good	Good	Good	Good	Good
StJohns	Court	20/09/22	Good	Good	Good	Good	Rl	Good

2023		Unres-	Res-	2023	2022
	Notes	tricted	tricted	Total	Total
		continu-	continu-
		ing	ing
Income:
Charitable activities Investment income Other income Donations and legacies		8,986,443 26,867 228,782 19	5,950	8,986,443 26,867 228,782 5,969	9,214,037 2,654 320,110 327,006
Total income	2	9,242,111		9,248,061	9,863,807
Expenditure:
Charitable activities		10,131,931	5,950	10,137,881	10,247,657
Total expenditure	4	10,131,931		10,137,881	10,247,657
Net income I (expenditure)		(889,820)		(889,820)	(383,850)
Loss on disposal ofcare
home and flats					(449,150)
Net movement in
funds for the year		(889,820)		(889,820)	(833,000)
Reconciliation offunds
Total funds brought forward		13,406,402		13,406,402	14,239,402
Total funds carried forward	12	12,516,582		12,516,582	13,406,402

Comparative 2022		Unres-	Unres-	Res-	Res-	2022
	Notes	tricted	tricted	tricted	tricted	Total
		continu-	discon-	continu-	discon-
		Ing	tinued	ing	tinued
			E
Income:
Charitable activities investment income Other income Donations and legacies		8,192,946 2,654 230,905 2,120	1,021,091 89,205	272,467	52,419	9,214,037 2,654 320,110 327,006
Total income	2	8,428,625	1,110,296	272,467	52,419	9,863,807
Expenditure:
Charitable activities		8,681,941	1,240,830	272,467	52,419	10,247,657
Total expenditure	4	8,681,941	1,240,830	272,467	52,419	10,247,657
Net income I (expenditure)		(253,316)	(130,534)			(383,850)
Loss on disposal ofcare
home and fiats			(449,150)			(449,150)
Net movement in
funds for the year		(253,316)	(579,684)			(833,000)
Reconciliation offunds
Total funds brought forward		13,659,718	579,684			14,239,402
Total funds carried forward	12	13,406,402				13,406,402

					2023	2022
				Notes
Fixed assets
Tangible fixed assets				8	11,252,482	11,507,976
Investments				9	3	5
					11,252,485	11,507,981
Current assets
Debtors Cash at bank and	in hand			10	647,286 1,390,937	389,724 2,329,018
					2,038,223	2,718,742
Liabilities
Creditors falling due within		one year			(774,126)	(820,321)
Net current assets/(liabilities)					1,264,097	1,898,421
Total net assets					12,516,582	13,406,402
The funds ofthe charity
Unrestricted funds	- General	fund		12	12,281,919	13,182,863
Unrestricted funds	- Revaluation		reserve	12	234,663	223,539
Restricted funds				12
Total charity funds					12,516,582	13,406,402

							2023	2022
						Notes
Cash flows from operating activities
Net movements in funds for the year							(889,820)	(833,000)
Adjustments to cash flows from non-cash	items:
Depreciation and amortisation							390,447	430,395
Loss on disposal ofcare home and flats Loss on disposal of tangible fixed assets							475	449,150 3,299
							(498,898)	49,844
Working capital adjustments
(Increase)/decrease in debtors						10	(257,562)	56,487
Increase/(decrease) in creditors						11	(46,195)	153,372
Net cash flow from operations							(802,655)	259,703
Cash flows from investing activities
Proceeds from sale oftangible fixed assets								902,000
Acquisitions oftangible assets							(135,428)	(233,776)
Movement on investments in subsidiaries							2
							(135,426)	668,224
Net increase in cash and cash equivalents							(938,081)	927,927
Cash and cash equivalents at the beginning		ofthe reporting			period		2,329,018	1,401,091
Cash and cash equivalents at the end ofthe		reporting	period				1,390,937	2,329,018
Cash &Cash equivalents reconciliation:
Cash at bank							1,390,937	2,329,018
Total cash 8 cash equivalents at the end of	the reporting			period			1,390,937	2,329,018

Income
					Unres-	Res-		Unres-	Res-
					tricted	tricted	2023	tricted	tricted	2022
					funds	funds	Total	funds	funds	Total
Donations and	legacies
Exceptional grant
funding: Covid-19 Grant income						5,950	5,950	2,104	324,886	326,990
Donations					19		19	16		16
					19	5,950	5,969	2,120	324,886	327,006
Charitable activities
Home fees				8,986,443			8,986,443	9,214,037		9,214,037
Investment income
Bank interest					26,867		26,867	2,654		2,654
Other income
Flat income Sales commission Other income					166,064 15,945 46,773		166,064 15,945 46,773	221,637 50,667 47,806		221,637 50,667 47,806
				228,782			228,782	320,110		320 110
				9,248,061			9,248,061	9,538,921	324,886	9,863,807
Net movement	in funds
Net movements	in funds		is	stated after charging
									2023	2022
Depreciation									390,447	430,395
Loss on disposal	offixed		assets						475
Auditors' remuneration		for:
Audit services									9750	10,800
Other services									3900	1,080
Operating lease	expense								138,600	141,751
Loss on disposal	of care		home and flats							449,150

			2023	2022
Staff Other	costs direct	costs	7,960,813 2,177,068	7,904,580 2,343,077
			10,137,881	10,247,657

Other direct c	osts —o	peration ofcare	home
		Unres-	Res-		Unres-	Res-
		tricted	tricted	2023	tricted	tricted	2022
		funds	funds	Total	funds	funds	Total
Food and other
consumables		501,890		501,890	496,330		496,330
Establishment	costs	975,914		975,914	977,679		977,679
Administration	costs	308,341		308,341	438,673		438,673
Depreciation		390,923		390,923	430,395		430,395
		2,177,068		2,177,068	2,343,077		2,343,077

		Freehold	Fixtures,	Total
		land and	fittings and
		buildings	equipment
Cost
At 1 April 2022		11,516,176	2,193,949	13,710,125
Additions			135,428	135,428
Disposals			(52,976)	(52,976)
Revaluation
At 31 March 2023		11,516,176	2,276,401	13,792,577
Depreciation
At 1 April 2022		431,268	1,770,881	2,202,149
Charge for	the year	215,632	174,815	390,447
Eliminated	on disposals		(52,501)	(52,501)
Revaluation
At 31 March 2023		646,900	1,893,195	2,540,095
Net book value
At 31 March	2023	10,869,276	383,206	11,252,482
At 31 March	2022	11,084,908	423,068	11,507,976

		2023	2022
Cost		11,276,725	11,276,725
Accumulated	depreciation	(3,172,222)	(3,028,456)
		8,104,503	8,248,269

10	Debtors
				2023	2022
	Trade debtors Prepayments	and accrued income		426,344 220,942	186,717 153,705
	Amounts owed by group undertakings				49,302
				647,286	389,724
11	Creditors: Amounts		falling due within one year
				2023	2022
	Trade creditors Other creditors Accruals			257,807 171,081 345,238	326,451 220,007 273,863
				774,126	820,321

Statement	offunds
				Opening balance	Incoming resource	Resources expended	Transfers			Closing balance
					s
					f.
2023 Unrestricted		funds
General Revaluation	reserve			13,182,863 223,539	9,242,111	(10,131,931)		(11,124) 11,124	12,281,919 234,663
				13,406,402	9,242,111	(10,131,931)			12,516,582
The general designated	fund represents reserves.			unrestricted	reserves, excluding	the revaluation	reserve	and after allowing		for any
The revaluation reserve above cost, as a result			is the cumulative ofthe revaluations.		value of the increase	in the carrying	amount	of the land and		buildings
				Opening balance	Incoming resources	Resources expended	Transfers		Closing balance
2023 Restricted funds
Government	funding				5,950	(5,950)
Other grant	funding
					5,950	(5,950)

Analysis of	net assets	between funds
		Fixed	Cash at	Other net	Creditors
		assets	bank and	current	more than
			in hand	liabilitiesf	one year	Total
Unrestricted	funds	11,252,485	1,390,937	(126,840)		12,516,582
Restricted funds
At 31 March	2023	11,252,485	1,390,937	(126,840)		12,516,582
Comparative	2022
		Fixed	Cash at	Other net	Creditors
		assets	bank and	current	more than
			in hand	liabilities	one year	Total
Unrestricted	funds	11,507,981	2,329,018	(430,597)		13,406,402
Restricted funds
At 31 March	2022	11,507,981	2,329,018	(430,597)		13,406,402

		2023	2022
		Total	Total
Expiry	date:
Within	one year	120,674	136,968
Within	two and five years	110,179	146,978
More	than five years
		230,853	283,946

Transact	ions wi	th subsid	iaries	that are not consolidated:
					2023	2022
					Total	Total
income Service	for management charges paid re		services empty properties		25,936 1,800	167,781 9,401
Amounts	owed	from subsidiary		at year end		49,302