##
||||Page|
|---|---|---|---|
|Chairman's|report|||
|Trustees'|annual
report||2-9|
|Auditors'|report||10-12|
|Statement|offinancial|activities|13|
|Balance sheet|||14|
|Statement|ofcashflaws||15-16|
|Notes to the financial||statements|17-29|
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|Castel Froma Neuro|Castel Froma Neuro|Castel Froma Neuro|Care|Limited:—||||
|---|---|---|---|---|---|---|---|
|Registered|charity number||||1100965|||
|Registered|company||number||04777559|||
|Country of|incorporation||||England|||
|Royal Midland||Counties||Home for the||||
|Disabled registered|||charity number|||||
|(Linked charity)|||||1100965-1|||
|Registered|office||||93 Lillington
Road|||
||||||Leamington
Spa|||
||||||Warwickshire|||
||||||CV32 6LL|||
|Auditors|||||Harrison
Beale 5 Owen||Limited|
||||||Chartered
Accountants||and Statutory Auditor|
||||||Highdown
House,|||
||||||11Highdown|Road||
||||||Leamington
Spa|||
||||||CV31 1XT|||
|Bankers|||||LIoyds Bank|||
||||||73The Parade|||
||||||Leamington
Spa|||
||||||CV32 4BB|||
|Solicitors|||||Wright
Hassall|LLP||
||||||Olympus
Avenue|||
||||||Leamington
Spa|||
||||||CV34 6BF|||
||||||Harrison
Clark|Rickerbys|Limited|
||||||Ellenborough|House||
||||||Wellington
Street|||
||||||Cheltenham|||
||||||Gloucestershire|||
||||||GL50 1YD|||
|Directors|Directors|and|truste|es and officials||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|President|||||12'"Earl ofAylesford|||||||||
|Patron|||||Mr TCox, Her Majesty's||Lord Lieutenant|||||ofWarwickshire||
|Vice-President|||||Mrs D Dowdeswell
OBE|||||||||
|Trustees|||||Dr C Wilson (Chairman)|||||||||
||||||Mr G Murrell
(Vice-Chairman)|||||||||
||||||Mr SJ Nicklin|||||||||
||||||Mrs
L Holiday|||||||||
||||||Mr D Leigh-Hunt|||||||||
||||||Dr D Stableforth|||||||||
||||||Mr J Evison|||||||||
|Ex-Off||||||||||||||
||||||Ms E CJackman
(resigned|||5July|2022)|||||
||||||Mrs A J Ford (appointed||18January 2022; resigned 4 October 2022)|||||||
||||||Mr CWade (appointed||18January 2022;|||||resigned 10October 2022)||
||cio||||The Chairman
ofWarwick|||District Council||||||
||||||His Worship the Mayor||of|Royal|Leamington||||Spa|
|Senior|Management|||Team|Mrs M Bawden (Chief Executive||||gi Nominated||||individual)|
||||||Mrs EJackson (Deputy|Chief Executive)||||||||
||||||Mr A Albu (Registered|Manager,|||Lillington|||House)||
||||||Mrs S Hook (Registered||Manager,||Helen||Ley||House)|
||||||Mr S CTaylor (Consultant|||to the|Board|—resigned 31July 2022)||||
||||||Ms K Grove (Clinical Compliance||||manager)|||||
||||||Ms K Gates (Therapy manager)|||||||||
|Company||Secretary|||Mrs A M Stiles (resigned||30 November|||2022)||||
||||||Mrs M Bawden (appointed|||30 November||||2022)||
|Care Standards|||Committee||Mrs
L Holiday
(Chair)|||||||||
||||||Dr C Wilson|||||||||
||||||Mr G Murrell|||||||||
||||||Dr D Stableforth|||||||||
||||||Mr S Nicklin|||||||||
|Finance, Assets|||gi Risk Committee|||||||||||
|(including||profiling R fundraising)|||Mr G Murrell
(Chair)|||||||||
||||||Dr C Wilson|||||||||
||||||Mr J Evison|||||||||
||||||Mr D Leigh-Hunt|||||||||
||||||Mrs
L Holiday|||||||||
||||||Mr S Nicklin|||||||||
||||||Dr D Stableforth|||||||||
|Remuneration|||Committee||Mr D Leigh-Hunt
(Chair)|||||||||
||||||Dr C Wilson|||||||||
||||||Mrs
L Holiday|||||||||
||||||Mr J Evison|||||||||
||||||Mr S Nicklin|||||||||
||||||Mr G Murrell|||||||||
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||||Unrestricted|Restricted|and|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Endowment||2022|2021|
|||||Funds||||
||||||E|||
|Income and endowments|from:|||||||
|Donations
and legacies|||77,792|||77,792|229,067|
|Charitable
activities||||||||
|Operation
ofcare centres:||||||||
|Residential fees|||6,908,509|||6,908,509|7,050,647|
|Hydrotherapy|||18,640|||18,640|23,258|
|Government
grants|||207,110|||207,110|347,539|
|Investments||3|179,521|||179,521|173,669|
|Other||2|6,324|||6,324|25,226|
|Total income and endowments||2|7,397,896|||7,397,896|7,849,406|
|Expenditure
on:||||||||
|Raising funds|||49,487|||49,487|67,144|
|Charitable
activities:||||||||
|Operation
ofcare centres||9|7,699,456|||7,699,456|8,480,505|
|Total expenditure|||7,748,943|||7,748,943|8,547,649|
|Net (expenditure)/
income||7|(351,047)|||(351,047)|(698,243)|
|Transfers between
funds||19||||||
|Other recognised
gains/ (losses):||||||||
|Other gains/ (losses)|||(2,957)|||(2,957)|430,784|
|Net movement
in funds|||(354,004)|||(354,004)|(267,459)|
|Reconciliation
offunds||||||||
|Total fund balances brought|forward|||||||
|at 1April 2021||19|7,151,881|4,325,033||11,476,914|11,744,373|
|Total fund balances carried|forward|||||||
|at 31March 2022|||6 797 377|4 323033||~1122910|~22 4 6914|
##
|||BALANCE SHEETAS AT31MARCH 2022|BALANCE SHEETAS AT31MARCH 2022|||
|---|---|---|---|---|---|
|||||2022|2021|
||||||E|
||||Note|||
|Fixed assets||||||
|Tangible assets|||10|7,978,016|8,067,914|
|Investments|||11|3,106,778|3,014,784|
|||||11,084,794|11,082,698|
|Current assets||||||
|Stock|||12|117,267|177,397|
|Debtors|||13|494,318|309,344|
|Cash at bank and in|hand|||586,529|1,150,664|
|||||1,198,114|1,637,405|
|Creditors: amounts|falling due within one year||14|(595,565)|(645,867)|
|Net current assets||||602,549|991,538|
|Total assets less current||liabilities||11,687,343|12,074,236|
|Creditors; amounts|falling due in more than one||15|(564,433)|(597,322)|
|year||||||
|Net assets||||11,122,910|11,476,914|
|Unrestricted
funds||||||
|General funds||||||
|General|||19|2,965,224|3,260,186|
|Fair value reserve|||19|700,000|700,000|
|Total General funds||||3,665,224|3,960,186|
|Designated
funds|||19|3,132,653|3,191,695|
|||||6,797,877|7,151,881|
|Restricted funds||||75,033|75,033|
|Endowment
fund|||19|4,250,000|4,250,000|
|(held by Castel Froma|Neuro Care Ltd as a trustee of RMCHD)|||||
|||||11,122,910|11,476,914|
##
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|||||Note||||
|Cash (used in)/ provided|by operating||activities|||(363,541)|689,256|
|Cash flows from investing|activities|||||||
|Payments
to acquire tangible fixed assets||||||(235,893)|(139,416)|
|Payments to acquire fixed asset investments||||||(97,948)|(219,968)|
|Receipts from disposal offixed asset investments|||||||30,300|
|Interest received||||||3,585|1,569|
|Rents received from investment||properties||||175,936|172,100|
|Cash used in investing
activities||||||(154,320)|(155,415)|
|Cash flows from financing|activities|||||||
|Repayment
oflong-term|loans|||||(30,856)|(27,696)|
|Interest paid||||||(18,415)|(19,201)|
|Cash used in financing
activities||||||(49,271)|(46,897)|
|(Decrease)/ Increase in cash and||||||(567,132)|486,944|
|cash equivalents||||||||
|Cash and cash equivalents|at 1April|||||1,162,958|676,014|
|Cash and cash equivalents|at 31|March||||595,826|1,162,958|
|Cash and cash equivalents|consists of:|||||||
|Cash at bank and
in hand||||||586,529|1,150,664|
|Listed investments
cash||||||9,297|12,294|
|Cash and cash equivalents|at 31March|||||595,826|1,162,958|
|Analysis ofchanges
in net|funds|||||||
|||||At 1|||At 31|
|||||April|Cash|Non-cash|March|
|||||2021|flows|changes|2022|
|||||f|f|f|f|
|Long term loans||||(597,322)||32,889|(564,433)|
|Short term loans||||(28,897)|30,856|(32,889)|(30,930)|
|Total liabilities||||(626,219)|30,856||(595,363)|
|Cash and cash equivalents||||1,162,958|(567,132)||595,826|
|Total net funds||||536,739|(536,276)||463|
##
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f|E|
|Net movement
in funds|||||(354,004)|(267,459)|
|Rents received from|investment||properties||(175,936)|(172,100)|
|Interest receivable|||||(3,585)|(1,569)|
|Interest payable|||||18,415|19,201|
|Depreciation
and impairment||of|tangible fixed assets||325,791|900,146|
|Losses/ (Gains) on investments|||||2,957|(430,784)|
|Decrease/ (Increase)|in stock||||60,130|(105,681)|
|(Increase)/
Decrease|in debtors||||(184,974)|573,886|
|(Decrease)/ Increase|in creditors||||(52,335)|173,616|
|Net cash (used in)/|provided|by|operating|activities|(363,541)|689,256|
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|Expenditure
on raising|funds|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022||||2021||
|||||||||||f||||f||
|Professional
fees for direct fundraising|||costs|||||||14,213||||30,287||
|Professional
fees for investing
activities||||||||||8,633||||5,187||
|Property
management|fees and|repairs||||||||8,226||||12,469||
|Bank loan interest||||||||||18,415||||19,201||
|||||||||||49,487||||67,144||
|Ofthe expenditure
on|raising funds above,|||only f14,213(2021:f30,287) related||||directly to|||donations||and lega||c|
|income
in the financial|statements.
Other expenditure
is associated|||||with professional||||and property||management||||
|fees in respect of fixed|asset investments|||and investment|property;|and the cost||||of servicing secured||||loans||
|disclosed
in note 15.||||||||||||||||
|All expenditure
on raising funds||in the current and prior year was attributable|||||to|unrestricted|||funds.|||||
|Staff costs, trustee remuneration||and expenses and the cost ofkey||||||||||||||
|management
personnel||||||||||||||||
|||||||||||2022||||2021||
|||||||||||f||||f||
|Wages and salaries||||||||5,073,987||||5,085,850||||
|Social security costs|||||||||402,634||||372,109|||
|Pensions||||||||||97,575|||104,923|||
|||||||||5,574,196||||5,562,882||||
|Wages and salaries include agency staff|||costs totalling f343,117(2021:f264,||||104).|||||||||
|The trustees neither received nor||waived any||remuneration|during the|year (2021:ENil). No trustee was|||||||reimbursed|||
|expenses
during the current or prior year.||||||||||||||||
|The number ofstaff whose emoluments|||fell|within the following||||||No.|||No.|||
|bands was as follows:—||||||||||||||||
|E60,001tof70,000||||||||||||||||
|f70,001tof80,000||||||||||||||||
|E110,001to f120,000||||||||||||||||
|equivalent
employees
(including
part time staff) d|uring the year was:||
|---|---|---|
||2022||
||No.||
|Management|6|5|
|Administration|6|7|
|Nursing|31|34|
|Ancillary care|83|84|
|Therapy|21|20|
|Housekeeping|14|15|
|Services|5|4|
||166|169|
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|Net expendit|ure/
i|nco|me|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f|E|
|Net (expenditure)/||income||is stated after charging/|(crediting);-|||
|Other operating
leases||||||38,436|41,017|
|Depreciation|—owned||assets|||325,791|389,726|
|Impairment|loss —owned assets||||||510,420|
|Government|grants|—CJRS|||||(18,543)|
|Government|grants|—Other||||(207,110)|(328,996)|
|Income from|operating||lease arrangements|||(175,936)|(172,100)|
|Auditors'
remuneration||||||8,000|8,000|
|Interest payable||||||||
|||||||2022|2021|
|||||||E|f|
|Bank loan Interest||||||18,415|19,201|
##
##
||||||Operation|||||
|---|---|---|---|---|---|---|---|---|---|
||||||of Care||Total|Total||
||||||centres|Thera pies|2022|2021||
||||||f|f|f||'!|
|Staff|||||3,968,827|617,875|4,586,702|4,657,614||
|Rent & rates|||||26,452|3,607|30,059|29,251||
|Light, heat & power|||||120,708|16,460|137,168|140,298||
|Supplies
(medical, catering &cleaning)|||||376,095|51,286|427,381|440,205||
|Repairs & maintenance|||||205,370|28,005|233,375|218,868||
|Training|||||22,189|3,026|25,215|22,677||
|Subscriptions|||||58,559|7,985|66,544|50,521||
|Motor & travelling|expenses||||8,571|1,169|9,740|10,429||
|Insurance|||||88,349|12,048|100,397|81,977||
|Bank charges &interest|||||1,522||1,522|1,606||
|Depreciation|||||293,208|32,579|325,787|389,726||
|Impairment||||||||510,420||
|General expenses|||||90,787|32,851|123,638|87,707||
|Covid-19 expenses|||||220,075|30,010|250,085|575,642||
||||||5,480,712|836,901|6,317,613|7,216,941||
||||||Operation|||||
|Allocation ofsupport||and governance||costs|ofCare|||||
|to activities|||||centres||Total|Total||
||||||||2022|2021||
||||||f||f|f||
|Wages and salaries|&|related costs|||887,158||887,158|843,620||
|(allocated
on time)||||||||||
|General|||||150,124||150,124|130,180||
|(pro rata to staff full|time equivalent)|||||||||
|Legal and other professional
fees|||||137,564||137,564|136,411||
|Support costs|||||1,174,846||1,174,846|1,110,211||
|Governance
costs|||||206,997||206,997|153,353||
|(allocated
on time)||||||||||
|Direct costs|||||||6,317,613|7,216,941||
|Total costs relating to the operation|||of|the care centres|||7,699,456|8,480,505||
|Governance
costs comprise the following:—||||||||||
||||||||2022|2021||
||||||||f|f||
|Staff costs|||||||100,336|61,648||
|Legal and professional||fees|||||106,661|91,705||
||||||||206,997|153,353||
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|Stock|||||
|---|---|---|---|---|
||||2022|2021|
||||f|E|
|Domestic supplies||and consumables|117,267|177,397|
|Debtors|||||
||||2022|2021|
||||f|E|
|Trade debtors|||287,060|114,017|
|Other debtors||||850|
|Prepayments|and|accrued income|207,258|194,477|
||||494,318|309,344|
||||2022|2021|
|---|---|---|---|---|
||||f|E|
|Bank loans and|overdraft||30,930|28,897|
|Trade creditors|||217,244|242,031|
|Accruals and deferred||income|220,368|244,066|
|Other taxation|and social security||100,270|100,228|
|Other creditors|||26,753|30,645|
||||595,565|645,867|
##
|Credi|tors: amounts
falling due in more than|one year||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Bank|loans|564,433|597,322|
|||564,433|597,322|
|||||FOR THE YEAR ENDED 31MARCH 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Creditors:||amounts|falling due in more than one year (continued)||f|f|
|Loans|||||||
|An analysis ofthe|||maturity|of loans is given below:|||
|Amounts||falling due within one year or on demand:|||||
|Bank|loans||||30,930|28,897|
||||||30,930|28,897|
|Amounts||falling due between||one and two years:|||
|Bank|loans||||30,930|28,897|
||||||30,930|28,897|
|Amounts||falling due between||two and five years:|||
|Bank|Ioa|ns|||92,789|86,691|
||||||92,789|86,691|
|Amounts||falling due after five years:|||||
|Bank|loans||||440,714|481,734|
||||||440,714|481,734|
||||||595,363|626,219|
##
|At 31 March
2022 the charity
had
minimum
lease
follows:|payments
under
non-cancellable
operati|ng
leases a|
|---|---|---|
||2022|2021|
||f|f|
|Expiry date:|||
|Within 1year|6,336|24,531|
|Between 1and 5years|5,397|6,442|
|Over 5years|144||
||11,877|30,973|
|At 31 March 2022 the charity
had
minimum
lease
follows:|receipts
due under
non-cancellable
opera|ting
leases a|
|---|---|---|
||2022|2021|
||f|f|
|Expiry date:|||
|Within 1year|68,500|137,000|
|Between 1and 5years||68,500|
||68,500|205,500|
##
##
##
|scheme providers
tota|scheme providers
tota|scheme providers
tota|scheme providers
tota|lling|f20,895(2021|:f18,212).||||
|---|---|---|---|---|---|---|---|---|---|
|19
Analysis ofcharitable||||funds||||||
||||||At 1||||At 31|
||||||April|Income|Expenditure|Transfers|March|
||||||2021
f|and gains
f|and losses
f|f|2022
f|
|Analysis of movements|||in|||||||
|unrestricted
funds:||||||||||
|General reserve||||||||||
|General|||||3,260,186|7,397,896|(7,426,109)|(266,749)|2,965,224|
|Fair value reserve|||||700,000||||700,000|
|Total General reserve|||||3,960,186|7,397,896|(7,426,109)|(266,749)|3,665,224|
|Designated
reserve||||||||||
|Fixed asset fund|||||3,191,695||(325,791)|266,749|3,132,653|
|Unrestricted
funds|||||7,151,881|7,397,896|(7,751,900)||6,797,877|
|Analysis ofmovements|||in|||||||
|restricted funds:||||||||||
|Restricted revenue|funds|||||||||
|Nurses'
social committee|||fund||3,274||||3,274|
|Helen
Ley physio equipment|||||4,241||||4,241|
|New build professional||fees|||13,670||||13,670|
|Software fund|||||1,543||||1,543|
|Leisure and sporting|activities||||1,972||||1,972|
|Other|||||4,808||||4,808|
||||||29,508||||29,508|
|Restricted
capital funds||||||||||
|New build fund|||||25||||25|
|New ensuite room|||||45,500||||45,500|
||||||75,033||||75,033|
|Endowment
fund (RMCHD)|||||4,250,000||||4,250,000|
|Total funds|||||11,476,914|7,397,896|(7,751,900)||11,122,910|
##
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##
|||Tangible||Net|Long||
|---|---|---|---|---|---|---|
|||fixed||current|term||
|||assets|Investments|assets|creditors|Total|
|||f|f|f|f|f|
|Unrestricted|funds||||||
|General reserve|||3,106,778|558,446||3,665,224|
|Designated|reserve|3,728,016||(30,930)|(564,433)|3,132,653|
|Restricted funds||||75,033||75,033|
|Endowment|fund|4,250,000||||4,250,000|
|||7,978,016|3,106,778|602,549|(564,433)|11,122,910|
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