|||||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| ##