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|Trustees||D Hudson|(resigned|17March 2023)|
|---|---|---|---|---|
|||J Benfield|||
|||C Braithwaite|||
|||M Armitage|||
|||J Chapman|||
|||DJ C Greet|(appointed|17March 2023)|
|||G Evans|(appointed|17March 2023)|
|||JA Close-Mitchell|(appointed|6June 2023, and|
||||resigned|20October 2023)|
|Secretary||AJ Needham|(resigned|1 August 2023)|
|||SLee|(appointed|1 August 2023)|
|Charity number||1112378|||
|Company|number|05467350|||
|Registered|office|1 Winton Avenue|||
|||Westcliff on Sea|||
|||Essex|||
|||SSO 7QU|||
|Auditor||Gowers Limited|||
|||The Old School House|||
|||Bridge Road|||
|||Hunton
Bridge|||
|||lgngs Langley|||
|||Herts|||
|||WD4 8SZ|||
|Webaits||https://www.
lwphomes. org.uk/|||
|Solicitors||Moors Barlow|||
|||The Oriel|||
|||Sydenham
Road|||
|||Guildford
GU1 3SR|||
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|It is the policy ofthe trustees to maintain|It is the policy ofthe trustees to maintain|It is the policy ofthe trustees to maintain|unrestricted|funds|funds|at a level to enable the charity to operate|effectively.|effectively.|
|---|---|---|---|---|---|---|---|---|
|The trustees consider that the unrestricted|||reserves|should||ideally be maintained
at a level equivalent|to|at least|
|3months'|running|costs to enable an orderly wind down|||in|the event ofthe charity's closure. This amount||would|
|currently|be F719,000 (2022:6639,000).||||||||
|Our total reserves||are||||F3,499,133|||
|Ofwhich:|||||||||
|Amount|restricted|to donor nominated
purposes||||628,515|||
|Amount|capitalised
in tangible
fixed assets|||||F4,063,565|||
|Amount|required|to fund pension
deficit||||(61,475,000)|||
|Amount|allocated|to capital reserve||||F310,000|||
|Amount|available|to meet current operations||||6572,053|||
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|||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|||
|||general|designated||||
|||2023|2023|2023|2023|2022|
|||6|6|6|5||
|Income from:|||||||
|Donations
and gifts||186,082||2,119|188,021|118,088|
|Charitable
activities||3,092,467|||3,092,467|2,751,950|
|Investments||8,568||478|9,046|1,534|
|Total income||3,287,117||2,597|3,289,714|2,871,572|
|~ECht|||||||
|Raising funds|6|7,863|||7,863|5,366|
|Charitable
activities|7|2,839,407||10,943|2,850,350|2,529,683|
|Totalresources|||||||
|expended||2,847,270||10,943|2,858,213|2,535,049|
|Net gains/(losses)|on||||||
|investments|11|(18,128)|||(18,128)|(19,271)|
|Net movements|||||||
|before transfers||421,719||(8,346)|413,373|317,252|
|Gross transfers||(329,234)|318,822|10,412|||
|Net incoming/(outgoing)||92,485|318,822|2,066|413,373|317,252|
|Other recognised|gains and|losses|||||
|Actuarial
gain/(loss)|||||||
|on defined benefit|||(177,822)||(177,822)|481,804|
|Net movement
in|funds|92,485|141,000|2,066|235,551|799,056|
|Fund balances at|||||||
|1 September 2022||4,543,133|(1,306,000)|26,449|3,263,582|2,464,526|
|Fund balances at|||||||
|31August 2023||4,635,618|(1,165,000)|28,515|3,499,133|3,263,582|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|5||
|Fixed assets||||||||
|Tangible assets|||||12|4,063,565|4, 134,911|
|investments|||||13|604,160|431,590|
|||||||4,667,'725|4,566,501|
|Current assets||||||||
|Stocks|||||14|6,455|7,925|
|Debtors|||||15|14,287|80,835|
|Cash at bank and|||in|hand||854,500|935,586|
|||||||875,242|1,024,346|
|Creditors:|amounts|||falling due||||
|within one|year||||17|(185,100)|(201,130)|
|Net current|assets|||||690,142|823,216|
|Total assets less|||current liabilities|||5,357,867|5,389,717|
|Creditors:|amounts|||falling due after||||
|more than|one|year|||18|(383,734)|(670,135)|
|Provisions|for|liabilities||||(1,475,000)|(1,456,000)|
|Net assets||||||3,499,133|3,263,582|
|Income funds||||||||
|Restricted funds
~Ut df||d|||20|28,515|26,449|
|Designated|funds||||22|(1,165,000)|(1,306,000)|
|General
unrestricted||||funds||3,980,738|3,888,253|
|Revaluation|reserve|||||654,880|654,880|
|||||||3,470,618|3,237,133|
|||||||3,499,133|3,263,582|
|C Braithwaite|J Benfield|
|---|---|
|Trustee|Trustee|
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||||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes|f|||8|||
|Cash flows from operating|||activities|||||||||
|Cash generated
from operations|||||25|||468,893|||265,957|
|Investing|activities|||||||||||
|Purchase|oftangible fixed assets|||||(92,800)|||(63,129)|||
|Capital invested||||||(170,000)||||||
|Investment|income received|||||9,046|||1,534|||
|Net cash (used in)/generated|||from|||||||||
|investing|activities|||||||(253,754)|||(61,595)|
|Financing|activities|||||||||||
|Proceeds|ofnew bank loans||||||||104,026|||
|Repayment|ofbank loans|||||(296,225)|||(32,318)|||
|Net cash generated
from/(used||||in)||||||||
|financing|activities|||||||(296,225)|||71,708|
|Net increase in cash and cash||||equivalents||||(81,086)|||276,070|
|Cash and|cash equivalents|at beginning|||ofyear|||935,586|||659,516|
|Cash and|cash equivalents||atend of||year|||854,500|||935,586|
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|3|Donations|and legacies|and legacies||||||
|---|---|---|---|---|---|---|---|---|
||||Unreshicted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||general|||general|||
||||2023|2023|2023|2022|2022|2022|
|||||6|6|6|F|f|
||Donations|and gifts|26,082|2,119|28,201|37,375|80,713|118,088|
||Legacy||160,000||160,000||||
||Infection control and||||||||
||other grants||||||33,780|33,780|
||||186,082|2,119|188,201|37,375|114,493|151,868|
|||||Provision ofcars|Provision of|
|---|---|---|---|---|---|
|||||homes|care homes|
|||||2023|2022|
|||||5|6|
|Resident|Fees -|Local Authority|funding|493,641|478,861|
|Resident|Fees -|Private funding||2,554,176|2,090,023|
|Respite|Care|||44,554|145,520|
|Ancillary|trading|income||96|3,766|
|||||3,092,467|2,718,170|
|Unresb icted|Unrestricted|
|---|---|
|funds general|funds|
||general|
||2022|
||F|
|9,046|1,534|
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|||||||Unresbf ctsd|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||general|general|
|||||||2023|2022|
|||||||6|f|
||Fundraisin|and||ublici||||
||Publicity|||||2,340|2,160|
||Press advertising|||||2,437|856|
||Website costs|||||425|334|
||Fundraising|and||publicity||5,202|3,350|
||Investmsnt|mana||ament||2,661|2,016|
|||||||7,863|5,366|
|7|Charitable|acgvities||||||
|||||||Charitable|Charitable|
|||||||Expenditure|Expenditure|
|||||||2023|2022|
|||||||6||
||Staff costs|||||1,824,200|1,681,000|
||Depreciation|and||impairment||164,145|160,339|
||Operational|costs||||213,719|151,490|
||Pension rectification||||costs|130,189|81,227|
||Staff welfare|||||9,853|6,427|
||Recruitment|costs||||14,575|4,915|
||Staff training|||||9,120|4,580|
||Premises costs|||||100,262|94,686|
||Insurance|||||41,709|36,511|
||Repairs|||||65,294|71,298|
||Telephone|||||13,619|13,399|
||Board and committee||||expenses|2,719|1,437|
||Communication||and||computer costs|37,283|26,789|
||Maintenance|contracts||||56,533|51,660|
||Other charitable|||expenditure||60,024|55,437|
|||||||2,743,244|2,441,195|
||Share ofgovernance||||costs (see note 8l|107,106|88,488|
|||||||2,850,350|2,529,683|
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|Analysis|by fund|by fund||||||
|---|---|---|---|---|---|---|---|
|Unrestricted||funds - general||||2,839,407|2,388,571|
|Unrestricted||funds -designated||||||
|Restricted||funds||||10,943|186,070|
|||||||2,850,350|2,529,683|
|Support|costs|||||||
|||Support|Governance|2023|Support|Governance|2022|
|||costs|costs||costs|costs||
|||f|f|f|f|f|f|
|Audit and|accountancy|||||||
|fees|||9,716|9,716||9,604|9,604|
|Legal and|professional|||||||
|fees|||97,390|97,390||78,884|78,884|
||||107,106|107,106||88,488|88,418|
|Analysed|between|||||||
|Charitable||activities|107,106|107,106||88,488|88,418|
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|Employment
costs|2023f||
|---|---|---|
|Wages and salaries|1,651,520|1,528,488|
|Social security costs|127,754|114,676|
|Other pension costs|36,845|37„838|
||1,816,119|1,681,000|
##
||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||general|general|
||||||2023|2022|
||||||6|6|
||Revaluation|of investments|||(18,127)|(19,271)|
|12|Tangible fixed assets||||||
|||||Freehold Land|Fixtures snd|Total|
|||||snd Buildings|Fittings||
|||||8|8||
||Cost or valuation||||||
||At 1 September 2022|||4,819,311|655,560|5,474,96'l|
||Additions|||30,024|62,776|92,800|
||At 31 August|2023||4,849,335|718,426|5,567,761|
||Depreciagon|and impairment|||||
||At 1 September 2022|||728,847|611,204|1,340,051|
||Depreciation|charged|in the year|141,384|22,761|164,145|
||At 31 August|2023||670,231|633,965|1,504,196|
||Carrying
amount||||||
||At 31 August|2023||3,979,104|64,461|4,063,565|
||At 31 August|2022||4,0e0,454|44,446|4,134,910|
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||||||Listed|
|---|---|---|---|---|---|
||||||investments|
||||||5|
||Cost or|valuation||||
||At 1 September 2022||||431,590|
||Additions||||170,000|
||Valuation|changes|||5,139|
||Fees||||(2,569)|
||At 31 August||2023||604,160|
||Carrying|amount||||
||At 31 August||2023||604,160|
||At 31 August||2022||431,590|
|14|Stocks|||||
|||||2023|2022|
|||||6|6|
||Consumables|||6,455|7,925|
|15|Debtors|||||
|||||2023|2022|
||Amounts|falling due within one year:|||6|
||Trade debtors|||14,014|74,802|
||Prepayments||and accrued income|273|5,033|
|||||14,287|80,835|
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|18|Loans and overdrafls|||||
|---|---|---|---|---|---|
|||||2023f|2022
f|
||Bank loans|||411,724|707,950|
||Payable
within one year|||27,990|37,815|
||Payable after one year|||383,734|670,135|
||Amounts
included
above which fall due after five years;|||||
||Payable
by instalments|||246,461|497,519|
||One ofthe loans induded|above (2022) wss fully repaid|in January 2023.|||
|17|Creditors: amounts
falling due within one year|||||
||||Notes|2023
f|2022f|
||Bank loans||16|27,990|37,815|
||Other taxation
and social secudity|||28,733|25,190|
||Government
grants||||55,076|
||Trade creditors|||100,821|74,237|
||Accruals and deferred
income|||27,556|63,888|
|||||185,100|201,130|
|18|Creditors: amounts
falling due after more than one year|||||
||||Notes|2023f|2022
f|
||Bank loans||16|383,734|670,135|
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|Key assumptions||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
|||||||||||'/0|0/|
|Discount rate||||||||||5 13%|3 97%|
|Expected rate ofincrease ofpensions
in payment||||||||||3.28%|3.19%|
|RPI inflation
rate||||||||||3 130/|335%|
|Pension increase|in|deferment||||||||5.00%|5 PP%|
|Mortality assumptions||||||||||||
|The assumed
life|expectations|||||on retirement|||at age 60are:|||
|||||||||||2023|2022|
|||||||||||Years|Years|
|Retiring today||||||||||||
|-Males||||||||||85.8|86.4|
|-Females||||||||||88.5|89.0|
|Retiring
in 20years||||||||||||
|- Males||||||||||86.9|87.5|
|-Females||||||||||89.6|90.2|
|Amounts
recognised|||in the profit||||and|loss account;||||
|||||||||||2023|2022|
|||||||||||6|8|
|Past service cost||||||||||87,000||
|Net interest on defined benefit|||||liability/(asset)|||||55,000|35,000|
|Rsmeasurements|recognised||||in other comprehensive
income:|||||||
|||||||||||2023f|2022|
|Return
on scheme assets excluding||||||||interest|income|(788,000)|(1,399,000)|
|Effect ofchanges|in|assumptions|||||gain/(lass)|||769,000|1,950,000|
|Effect ofexperience||adjustments|||||gain/(loss)|||(16,000)|(35,000)|
|Total remeasurement|||gain/(lose)|||||||(35,000)|516,000|
|The amounts
included|||in|the balance||||sheet arising from the charity's obligations||||
|in respect ofdefined|||benefit plans are ss follows:|||||||||
|||||||||||2023|2022|
|||||||||||f|8|
|Present value ofdefined||||benefit||obligations||||3,916,000|4,525,000|
|Fair value ofplan|assets|||||||||(2,441,000)|(3,069,000)|
|Deficit in scheme||||||||||1,475,000|1,456,000|
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|Movements
in the present|value|ofdefined|ofdefined|benefit|benefit|obligations:|||
|---|---|---|---|---|---|---|---|---|
|||||||||2023|
|Liabilities at 1 September|2022|||||||4,525,000|
|Benefits paid||||||||(120,000)|
|Effect ofchanges
in assumptions|||(gain)/loss|||||(769,000)|
|Effect ofexperience
adjustments|||(gain)/loss|||||16,000|
|Interest cost||||||||177,000|
|Past service cost||||||||87,000|
|At 31 August 2023||||||||3,916,000|
|The defined
benefit obligations||arise from plans|||which are wholly or partly funded.||||
|Movements
in the fair value ofplan assets:|||||||||
|||||||||2023|
|Fair value ofassets at 1 September 2022||||||||3,069,000|
|Interest income||||||||122,000|
|Return on plan assets (excluding|||amounts|included||in net interest)||(788,000)|
|Benefits paid||||||||(120,000)|
|Contributions
by the employer||||||||158,000|
|At 31 August 2023||||||||2,441,000|
|Reconciliation
offunded
position:|||||||||
||||||||2023
6|2022f|
|Net defined benefit liability|at start ofperiod||||||(1,496,000)|(2,092,000)|
|Expense recognised
in profit and|||loss||||(142,000)|(35,000)|
|Gain/(loss)
recognised
in other comprehensive|||||income||(35,600)|516.800|
|Contributions
made by the|charity||||||158,000|155,000|
|Net defined benefit liability|at the||end ofthe|period;|||(1,475A00)|(1,456,000)|
|The fair value ofplan assets at the reporting||||period||end was as follows:|||
||||||||2023
6|2022f|
|Equity instruments|||||||124,000|1,118,000|
|Corporate bonds|||||||243A00|525,000|
|Liability
Driven Investments|||||||1,605,000|947,000|
|Cash|||||||49„000|11,000|
|Insured pensioners|||||||420,000|468,000|
||||||||2,441,000|3,069,000|
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||||||Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
|||||Balance at|Incoming
Resources|expended|Tmnefals|Balance st|
||||1|September|resources|||31 August|
|||||2022f||||2023
f|
|Amenities|—Minehead|||12,189|927|(4,964)|5,926|14,078|
|Amenities|—Westcliff|||4,073|1,326|(1,765)|1,780|5,414|
|Amenities|-Woodhall|Spa||10,187|344|(4,214)|2,706|9,023|
|||||26,449|2,597|(10,943)|10,412|28,515|
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|21|Analysis ofnet assets between|Analysis ofnet assets between|funds||||
|---|---|---|---|---|---|---|
||||Unrestricted
funds|Designated|Restricted|Total|
|||||funds|funds||
||||2023f|2023f|2023f|2023
f|
||Fund balances at 31|August|||||
||2023 are represented|by:|||||
||Tangible assets||4,063,565|||4,063,565|
||Investments||604,160|||604,160|
||Current assets/(liabilities)||351,627|310,000|28,515|690,142|
||Lang term liabilities||(383,734)|||(383,734)|
||Provisions
and Pensions|||(1,475,000)||(1,475,000)|
||||4,635,618|(1,165,000)|28,515|3,499,133|
||||Unrestricted
funds|Designated|Restricted|Total|
|||||funds|funds||
||||2022|2022|2022|2022|
||||f|f|f|f|
||Fund balances at 31|August|||||
||2022 are represented|by:|||||
||Tangible assets||4,134,911|||4,134,911|
||Investments||431,590|||431,590|
||Current assets/(liabilities)||646,767|150,000|26,449|823,216|
||Long term liabilities||(670,135)|||(670,135)|
||Provisions
and Pensions|||(1,456,000)||(1,456,000)|
||||4,543,133|(1,306,000)|26,449|3,263,582|
##
||||Movement|infunds|||
|---|---|---|---|---|---|---|
|||Balance at|Incoming resources
Resources|expended|Transfers|Balance at|
|||1 Septelllber||||31August 2023|
|||2022f|F|F|||
|Capital|reserves|150,000|160,000|||310,000|
|Pension|reserve|(1,456,000)|158,822||(177,822)|(1,475,000)|
|||(1,306,000)|318,822||(177,822)|(1,165,000)|
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||6||
||Within one year|||||||7,190|9,084|
||Between
two and|five years||||||22,220|14,273|
||Over five years|||||||2,438|4,627|
|||||||||31,848|30,790|
|25|Cash generated|from|operations|||||2023|2022|
||Surplus for the year|||||||413,373|317,252|
||Adjustments
for:|||||||||
||Investment
income recognised|||in statement offinancial||activities||(9,046)|(1.534)|
||Fair value gains and losses on|||investments||||(2,570)|19,271|
||Depreciation
and|impairment
oftangible|||fixed assets|||164,145|160,339|
||Pension
recovery|cash|contributions|||||(158,822)|(154,196)|
||Movements
in working||capital:|||||||
||Decrease/(increase)
in stocks|||||||1,470|(2,214}|
||(Increase)/decrease
in||debtors|||||66,548|(67,588)|
||Increase/(decrease)
in||creditom|||||(6,205)|(5.373)|
||Cash generated|from|operations|||||468,893|265,957|
|26|Analysis
ofchanges||in net funds/(debt)|||||||
||||||||At 1 September|Cash flows|At 3'I AUgUSt|
||||||||2022
6||2023f|
||Cash at bank and|in hand|||||935,586|(81,086)|854,500|
||Loans falling due|within one year|||||(37,815)|9,825|(27,990)|
||Loans falling due|after|more than one year||||(670,135)|286,401|(383,734)|
||||||||227,636|215,140|442,776|
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