| Page | ||||
|---|---|---|---|---|
| Charity information |
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| Trustees' report |
3to 6 | |||
| Independent auditors' |
report | 7to 9 | ||
| Statement offinancial | activities | 10 | ||
| Balance Sheet | ||||
| Cash Flow statement | 12 | |||
| Accounting policies |
13to 14 | |||
| Notes to the financial | statements | 15to 18 | ||
| Detailed income and |
expenditure | account (not forming | part of the | 20 |
| Statutory accounts) |
| A COM | PANY LIM |
PANY LIM |
ITED BYGUA | R | ANTEE | |||
|---|---|---|---|---|---|---|---|---|
| Charity | information | |||||||
| Board of | Trustees | The membership | of the Board | of Trustees | up to the date of | |||
| signing the financial statements | was as follows: | |||||||
| Dr JJ Guy OBE - Chair | ||||||||
| Mrs C Harrington | -Vice-chair | |||||||
| Mr D David - Honorary Treasurer | ||||||||
| Mrs C I Balme (retired 27/01/2023) | ||||||||
| Dr C A Chivers | ||||||||
| Mr K Minns (retired | 27/05/2022) | |||||||
| Mrs W Robinson | ||||||||
| Mr A O'Hickey | ||||||||
| Dr S L Hope | ||||||||
| Secretary | Ms Fiona Shickle | |||||||
| Solicitors | RWK Goodman | LLP | ||||||
| 5-6 Northumberland | Buildings | |||||||
| Bath | ||||||||
| BA1 2JE | ||||||||
| Auditors | Wenn Townsend | |||||||
| 30St Giles | ||||||||
| Oxford | ||||||||
| OX1 3LE | ||||||||
| Bankers | Handelsbanken | |||||||
| Seacourt Tower | ||||||||
| West Way | ||||||||
| Oxford | ||||||||
| OX2 OJJ | ||||||||
| Investment | advisors | COLA Investment | Management | Limited | ||||
| 80 Cheapside | ||||||||
| London | ||||||||
| EC2V 6DZ | ||||||||
| Registered | Charity | I 114653 | ||||||
| number | ||||||||
| Company | Number | 5639165 | ||||||
| Registered | office | 115ABanbury Road | ||||||
| Oxford | ||||||||
| OX2 6LA | ||||||||
| Manager | Mrs D Hayes |
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| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | 5 | 5 | |||||||
| Fixed assets | |||||||||
| Leasehold property, |
furniture | and fittings | 7,184,431 | 7,183,043 | |||||
| Fixed asset investments | 1 | 1 | |||||||
| 7,184,432 | 7,183,044 | ||||||||
| Current assets | |||||||||
| Cash at bank and in | hand | 891,802 | 648,475 | ||||||
| Debtors | 7 | 187,639 | 101,471 | ||||||
| 1,079,441 | 749,946 | ||||||||
| Deduct: Current Liabilities |
|||||||||
| Creditors - amounts | falling | due within one year | 8 | -330,839 | -220,823 | ||||
| Net current assets | 748,602 | 529,123 | |||||||
| Total assets less current | liabilities | 7,933,034 | 7,712,167 | ||||||
| Net assets | 7,933,034 | 7,712,167 | |||||||
| Represented by: |
|||||||||
| Unrestricted general |
funds | 221,584 | 142,173 | ||||||
| Unrestricted designated |
funds | ||||||||
| Building Reserve | 10 | 7,161,410 | 7,158,244 | ||||||
| Buildings Maintenance |
Fund | 10 | 547,200 | 410,400 | |||||
| Restricted funds | 9 | 2,840 | 1,350 | ||||||
| 7933034 | 7,712,167 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| F | F | ||||||
| Operating surplus / (deficit) (see below) |
219,838 | 48,173 | |||||
| Depreciation | 19,425 | 23,209 | |||||
| Decrease/(increase) in debtors |
-86,168 | -13,173 | |||||
| Increase in creditors |
110,016 | -994 | |||||
| Net cash inflow / (outflow) from operating |
activities | 263,111 | 57,215 | ||||
| Cash flow statement | |||||||
| Net inflow / (oufflow) from operating |
activities | 263,111 | 57,215 | ||||
| Returns on investments and |
servicing offinance | ||||||
| Investment income |
1,029 | 26 | |||||
| Capital expenditure refunded |
/ (expended) | -20,813 | -10,959 | ||||
| Increase / decrease in cash |
243,327 | 46,282 | |||||
| Reconciliation ofnet cash flow to movement |
in net debt | ||||||
| Net funds at 1 October 2021 | 648,475 | 602,193 | |||||
| Increase / decrease in cash |
243,327 | 46,282 | |||||
| Net funds at 30September | 2022 | 891,802 | 648,475 | ||||
| Reconciliation ofnet movement |
in funds to operating | surplus | |||||
| Net movement in funds per SOFA |
220,867 | 48,199 | |||||
| Less: Investment Income |
-1,029 | -26 | |||||
| Operating surplus / (deficit) |
219,838 | 48,173 |
| For the year ended 30Sep | temb | er 20 |
22 | |||
|---|---|---|---|---|---|---|
| 1.Cost of raising funds | 2022 | 2021 | ||||
| f | f | |||||
| Advertising and marketing |
3,756 | 6,370 | ||||
| 2.Costs ofoperating Home |
Unrestricted | Restricted | 2022 | 2021 | ||
| f | f | f | ||||
| Catering | 243,393 | 0 | 243,393 | 223,571 | ||
| Rent, water and Council | Tax | 5,627 | 0 | 5,627 | 2,712 | |
| Light and heat | 39,214 | 0 | 39,214 | 30,130 | ||
| Insurance | 15,449 | 0 | 15,449 | 9,194 | ||
| Repairs and maintenance | 26,625 | 0 | 26,625 | 41,395 | ||
| Repairs to buildings | 27,298 | 0 | 27,298 | 28,117 | ||
| Laundry and household |
25„365 | 0 | 25,365 | 26,110 | ||
| Amenities | 90,739 | 0 | 90,739 | 60,677 | ||
| Wages and national insurance |
1,058,964 | 22,491 | 1,081,455 | 1,059,028 | ||
| Pension | 26,140 | 1,181 | 27,321 | 26,865 | ||
| Staff costs and temporary | staff | 264,185 | 4,544 | 268,729 | 61,311 | |
| Postage and stationery | 3,263 | 0 | 3,263 | 2,800 | ||
| Telephone | 6,885 | 0 | 6,885 | 6,082 | ||
| Software licences and publications | 15,376 | 0 | 15,376 | 15,841 | ||
| Registration fees |
6,533 | 0 | 6,533 | 5,444 | ||
| Professional services |
29,043 | 0 | 29,043 | 39,157 | ||
| Depreciation and loss on |
sale | 19,425 | 0 | 19,425 | 23,209 | |
| 1,903,524 | 28,216 | 1,931,740 | 1,661,643 | |||
| Governance Costs (all unrestricted) |
||||||
| Audit fees | 4,400 | 0 | 4,400 | 5,340 | ||
| Other professional fees |
0 | 0 | 0 | 0 | ||
| Bank charges | 915 | 0 | 915 | 782 | ||
| 5315 | D | 5315 | 6 122 | |||
| 1 955839 | 28 216 | 1 937 D55 | 1667 765 | |||
| 3.Other charitable expenditure |
||||||
| Public benefit subventions | %,518 | 80,245 | ||||
| 4.Wages and salaries | ||||||
| Average number ofemployees |
(full time equivalent): | |||||
| Care and domestic | 27 | 27 | ||||
| Maintenance | 1 | 1 | ||||
| Administration | 5 | 6 | ||||
| 33 | 34 |
| A COMPANY LIMITED BYGUARANTEE Notes to the accounts (continued) For the ear ended 30Se tember 2022 |
||
|---|---|---|
| 4.Wages and salaries (cont.) | 2022 | 2021 |
| Staff costs were as follows: | F | |
| Wages and salaries | 1,009,507 | 1,001,784 |
| Social security costs | 71,948 | 57,244 |
| Pension costs | 27621 | 26666 |
| 1,108,776 | 1,085,893 |
| No employee was paid more than f60 ixed assets |
,000 in the current or prec | eding year. |
|
|---|---|---|---|
| Leasehold | Fixtures and | Total | |
| property F |
fittingsf | ||
| Cost | |||
| At 1 October 2021 | 7,158,244 | 102,806 | 7,261,050 |
| Additions | 3,166 | 17,647 | 20,813 |
| Disposals | 0 | 0 | 0 |
| At 30September 2022 | 7 161410 | 120453 | 7281 863 |
| Depreciation | |||
| At 1 October 2021 | 78,007 | 78,007 | |
| Charge for the year | 19,425 | 19,425 | |
| Depreciation on Disposals |
0 | 0 | |
| At 30September 2022 | 0 | 97,432 | 97,432 |
| Net book value | |||
| At 30September 2022 | 7,161,410 | 23,021 | 7,184,431 |
| At 30September 2021 | 7,158,244 | 24 799 | 7 183043 |
| 6.Fixed asset investments | ||
|---|---|---|
| Investment in subsidiary |
2022f | 2021f |
| Cost | ||
| At 1 October 2021 and 30September 2022 | ||
| Net book value | ||
| At 30September 2021 and 30September 2022 |
| 7.Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 6 | 6 | |||||||
| Fees and | other payments | recoverable | 153,912 | 75,548 | ||||
| Prepayments | 33,727 | 25,923 | ||||||
| 187,639 | 101,471 | |||||||
| 8.Creditors —amounts | falling | due within | one year | |||||
| 2022 | 2021 | |||||||
| 6 | ||||||||
| Trade creditors | 163,231 | 69,645 | ||||||
| PAYE and | national | insurance | 22,179 | 16,243 | ||||
| Other creditors and | accruals | 99,848 | 79,677 | |||||
| Residents' | deposits | 45,581 | 55,258 | |||||
| 330,839 | 220,823 | |||||||
| 9.Restricted funds | ||||||||
| Balance | at | Income | Expenditure | Balance at | ||||
| 30/09/2021 | YE | 30/09/2022 | 30/09/2022 | |||||
| 30/09/2022 | ||||||||
| 5 | 6 | 5 | ||||||
| Staff Fund | 1,350 | 2,893 | 1,403 | 2,840 | ||||
| OCC Infection Control Grant | 0 | 22,572 | 22,572 | 0 | ||||
| OCC Staff | Retention | Grant | 0 | 4,241 | 4,241 | 0 | ||
| 1,360 | 20 706 | 28 216 | 2 840 |
| .Anal | ysis of net | ass | ets between fund |
s | |||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | ||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2022 | ||||
| f | F | f | f | ||||
| Fixed | assets | 23,021 | 7,161,410 | 0 | 7,184,431 | ||
| Cash | and current | investments | 531,229 | 547,200 | 1,012 | 1,079,441 | |
| Other | current assets | / liabilities | -332,666 | 0 | 1828 | -330,838 | |
| Total | 221,584 | 7,708,610 | 2,840 | 7,933,034 | |||
| General | Designated | Restricted | Total | ||||
| 2021 | 2021 | 2021 | 2021 | ||||
| f. | f | f | |||||
| Fixed | assets | 3,396 | 7,167,397 | 0 | 7,170,793 | ||
| Cash | and current | investments | 330,481 | 410,400 | 9,066 | 749,947 | |
| Other | current assets | / liabilities | -213,107 | 0 | -7716 | -220,823 | |
| Total | 120,770 | 7,577,797 | 1,350 | 7,699,917 |
| Detailed income and expe | Detailed income and expe | Detailed income and expe | nditure |
nditure |
nditure |
account —u | account —u | nrestricted fun |
ds | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| For the ear ended 30Se |
tember | 2022 | |||||||||
| Income | 2022 | 2021 | |||||||||
| Fees: | |||||||||||
| Residential fees |
2,121,375 | 1,714,423 | |||||||||
| Guest meals | 0 | 0 | |||||||||
| Interest received | 1,029 | 26 | |||||||||
| Donations where expenditure | is allocated | below | 0 | 0 | |||||||
| Grants | 5,050 | 2124 | |||||||||
| 2,127,454 | 1,716,573 | ||||||||||
| Expenditure | |||||||||||
| Provisions | 243,393 | 223,571 | |||||||||
| Wages and salaries | 992,449 | 928,857 | |||||||||
| Employer's national |
insurance | contributions | 66,515 | 55,979 | |||||||
| Employer's pension |
contributions | 26,140 | 26,590 | ||||||||
| Staff costs including | temporary | staff | 264,185 | 60,510 | |||||||
| Water, sewerage and Council |
Tax | 5,627 | 2,712 | ||||||||
| Light and heat | 39,214 | 30,130 | |||||||||
| Insurance | 15,449 | 9,194 | |||||||||
| Repairs and maintenance | 26,625 | 40,171 | |||||||||
| Repairs to buildings | 27,298 | 18,857 | |||||||||
| Household | 25,365 | 26,110 | |||||||||
| Amenities | 90,739 | 60,677 | |||||||||
| Printing postage and stationery |
3,263 | 2,800 | |||||||||
| Software licences and employment | publications | 15,376 | 15,841 | ||||||||
| Telephone | 6,885 | 6,082 | |||||||||
| Registration fees |
6,533 | 5,444 | |||||||||
| Professional services and |
office | costs | 33,443 | 44,497 | |||||||
| Marketing | 3,756 | 6,370 | |||||||||
| Advertising | 0 | 0 | |||||||||
| Bank charges | 915 | 782 | |||||||||
| Depreciation and loss on |
disposal | 19,425 | 23,209 | ||||||||
| Public benefit subventions | 4,518 | 80,245 | |||||||||
| 1,908,077 | 1,668,638 | ||||||||||
| Net operating surplus |
for the year | 219,377 | 47,935 | ||||||||
| Add: donations from |
subsidiary | ||||||||||
| Net surplus forthe year per | Statement | ofFinancial | Activities | 219,377 | 47,935 | ||||||
| Less transfer to building | reserve | -3,166 | -9,153 | ||||||||
| Less transfer to buildings | maintenance | fund | -136,800 | -136,800 | |||||||
| -139,966 | -145,953 | ||||||||||
| Net movement in unrestricted |
funds | 79,411 | -98,018 |