| Page | Page | |||
|---|---|---|---|---|
| Rcport ofthe Trustees | I | to | 5 | |
| Report ofthe Independent Auditors |
6 | to | 9 | |
| Statement of Financial Activities | 10 | |||
| Balance Sheet | ||||
| Cash Flow Statement | 12 | |||
| Notes to the Cash Flow Statement | 13 | |||
| Notes to the Financial Statements | 14 | to | 26 | |
| Detailed Statement ofFinancial | Activities | 27 | to | 28 |
| WOKING HOMES | WOKING HOMES | WOKING HOMES | WOKING HOMES | |||
|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | ||||||
| INCORPORATING | AN INCOME AND EXPENDITURE ACCOUNT | |||||
| for the ear ended 31stMarch 2022 |
||||||
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| Notes | I, | |||||
| INCOME AND | ||||||
| ENDOWMENTS I'ROM | ||||||
| Donations and legacies |
2 | 19,448 | 19,448 | 18,526 | ||
| Charitable activities |
5 | |||||
| Provision ofcare | 1,509,299 | 1,509,299 | 1,720,726 | |||
| Other trading activities |
3 | 24,125 | 24,125 | 27,869 | ||
| Investment income |
4 | 366,099 | 366,099 | 287,225 | ||
| Other income | 6 | 98 295 | 98295 | 146,607 | ||
| Total | 2,017,266 | 2,017,266 | 2,200,953 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 7 | 88,905 | 88,905 | 67,610 | ||
| Charitable activities |
||||||
| Provision ofcare | 868,781 | 868,781 | 873,659 | |||
| Catering setvices Household services |
287,667 297,507 |
287,667 297,507 |
298,629 301,362 |
|||
| Property & equipment maintenance |
246,590 | 246,590 | 172,522 | |||
| Vehicle running costs |
28,227 | 28,227 | 30,009 | |||
| Support costs Other expenditure |
307,233 140,500 |
307,233 140,500 |
298,475 135,156 |
|||
| Total | 2,265,410 | 2,265,410 | 2,177,422 | |||
| Net gains on investments | 676 664 | 676 664 | I 689,110 | |||
| NKT INCOME | 428,520 | 428,520 | 1,712,641 | |||
| RECONCILIATION | OF | |||||
| FUNDS | ||||||
| Total funds brought | forward | 17,030,044 | 24,100 | 17,054,144 | 15,341,503 | |
| TOTAL FUNDS CARRIED FORWARD |
17458.564 | 24100 | 17482,664 | 17,054144 |
| WOKING HOMES | |||
|---|---|---|---|
| BALANCE SHEET | |||
| 31stMarch 2022 | |||
| 2022 | 2021 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 14 | 5,108,690 | 5,087,637 |
| Investments Investments |
15 | 8,471,022 | 8,141,583 |
| Investment property |
16 | 3 880000 | 3 635 000 |
| 17,459,712 | 16,864,220 | ||
| CURRENT ASSETS | |||
| Debtors Cash at bank and in hand |
17 | 76,705 47 592 |
87,557 195502 |
| 124,297 | 283,039 | ||
| CREDITORS | |||
| Amounts falling due within one year |
18 | (101,345) | (93,135) |
| NET CURRENT ASSETS | 22 952 | 189924 | |
| TOTAL ASSETSLESS CURRENT | |||
| LIABILITIES | 17,482,664 | 17,054,144 | |
| NET ASSETS | 17482 664 | 17054,144 | |
| FUNDS | 21 | ||
| Unrestricted funds |
17,458,564 | 17,030,044 | |
| Endowment funds |
24 100 | 24 100 | |
| TOTAL FUNDS | 17482 664 | 17054,144 |
| WOKING PIOMKS | WOKING PIOMKS | ||
|---|---|---|---|
| CASH FLOW STATKMKNT | |||
| for the | ear ended 31st March 2022 | ||
| 2022 | 2021 | ||
| Notes | 8 | ||
| Cash flows from operating activities Cash generated from operations |
~469,045) | ~107,536) | |
| Net cash used in operating activities |
~469 045) | ~107536) | |
| Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments Sale oftangible fixed assets Sale offixed asset investments Investment cash movements Interest received Dividends received Dividends and rental income received |
(147,189) (2,132,702) 2,161,044 73,883 12 12,602 ~353 485 |
(125,238) (1,589,014) 1,150 1,412,481 220,488 70 287,155 |
|
| Net cash provided by investing activities |
321,135 | ~207 092 | |
| Change in cash and cash equivalents reporting period |
in the | (147,910) | 99,556 |
| Cash and cash equivalents at the beginning ofthe reporting period |
~195 502 | ~95 946 | |
| Cash and cash equivalents at the end reporting period |
ofthe | 47,592 | ~195 502 |
| NOTES TOTHE CASH FLOW STATEME for the ear ended 31stMarch 2022 |
NOTES TOTHE CASH FLOW STATEME for the ear ended 31stMarch 2022 |
NT | NT | |
|---|---|---|---|---|
| RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | ||
| 2022 | 2021 | |||
| Net income for the reporting Activities) |
period (as per the Statement ofFinancial | 428,520 | 1,712,641 | |
| Adjustments for: Depreciation charges Gain on investments |
126,136 (676,664) |
122,875 (1,689,110) |
||
| Interest received | H2) | (70) | ||
| Dividends received |
(12,602) | |||
| Dividends and rental |
income | received | (353,485) | (287,155) |
| Decrease in debtors | 10,852 | 10,498 | ||
| Increase in creditors | 8 210 | 22 785 | ||
| Net cash used in operations | ~469,045) | ~107,536) |
| ANALYSIS OI' CHANGES IN NET FUND | S | ||
|---|---|---|---|
| At 1.4.21 | Cash flow | At 31.3.22 | |
| I | |||
| Net cash | |||
| Cash at bank and in hand | ~195 502 | ~147910) | ~47 592 |
| 195,502 | ~147910) | 47 592 | |
| Total | 195,502 | ~147,910) | ~47 592 |
| Freehold property |
4%on cost | ||
|---|---|---|---|
| Improvements to property |
from 2010 | Straight line over | 40 years and Straight line over 10years |
| Care home assets | 33%on cost | ||
| Motor vehicles | 20% on reducing | balance |
| DONATIONS AND |
LEGACIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Public donations Gift aid tax recovered |
4,242 2,111 |
2,937 500 |
|
| Legacies Rail staff 61 company |
donations | ~13 095 | 15,089 |
| ~19 448 | 18526 |
for the ear ended 31st March |
for the ear ended 31st March |
2022 | |||
|---|---|---|---|---|---|
| 3. | OTHER TRADING | ACTIVITIES | 2022 | 2021 | |
| Foxes income | ~24 125 | ~27 869 | |||
| 4. | INVESTMENT INCOME | 2022 | 2021 | ||
| 6 | |||||
| Investment income Income from flats & other rentals Bank interest receivable |
157,412 208,675 12 |
136,581 150,574 70 |
|||
| 366,099 | 287,225 | ||||
| INCOME FROM CHARITABLE ACTIVITIES | 2022 | 2021 | |||
| Charges to residents Staff accommodation |
charges | Activity Provision ofcare Provision ofcare |
1,485,877 23,422 |
1,698,519 22,207 |
|
| ~1,509 299 | ~1720 726 | ||||
| 6. | OTHERINCOME | 2022 | 2021 | ||
| Government grants CJRS grants |
97,998 297 |
125,009 21,598 |
|||
| ~98 295 | ~146 607 | ||||
| 7. | RAISING FUNDS | ||||
| Other trading activities |
2022 | 2021 | |||
| Staff costs Property expenses |
6,720 29,960 |
6,615 15,040 |
|||
| ~36 680 | ~21 655 |
| RAISING FUNDS - continued | ||
|---|---|---|
| Investment management costs |
2022 | 2021 |
| Portfolio management | 52,225 | 45,955 |
| Aggregate amounts |
~88 905 | 67,610 |
| CHARITABLE ACTIVITIES COSTS | ||
| Direct costs (note 8) | 2022 | 2021 |
| Provision ofcare Catering services Household services Property & equipment maintenance Vehicle &driver costs Support costs Other expenditure |
868,781 287,667 297,507 246,590 28,227 307,233 140 500 2 176505 |
873,659 298,629 301,362 172,522 30,009 298,475 135 156 2 109812 |
| DIRECT COSTS OF CHARITABLE ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| Care Care staff costs Agency care staff |
727,690 141091 868 781 |
797,820 75 839 873 659 |
| Catering Contract costs Sale offood Miscellaneous |
281,183 (1,826) 8310 287 667 |
291,043 (1,343) 8929 298 629 |
| Household services Laundry and household staff costs Laundry expenses Household and medical expenses Light and heat Insurances Rates and water |
109,960 16,842 56,865 75,689 14,111 24 040 297 507 |
117,092 19,759 64,183 63,813 13,849 22 666 301362 |
| Maintenance General premises maintenance Maintenance ofpremises - staff costs Furniture repair and replacement |
176,635 46,363 23 592 246 590 |
114,380 45,997 12 145 172522 |
| Vehicle &driver costs Driver staff costs Vehicle expenses |
23,718 4 SI59 28 227 |
24,694 ~515 30 009 |
| Support costs Staff costs Office expenses Sundry expenditure Advertising Professional and accountancy |
226,725 14,432 16,701 13,891 35484 307233 |
223,903 27,678 19,487 11,808 25 599 298 475 |
| Other expenditure Care Quality Commission TV rental and licences Stafftmining Depreciation |
8,225 714 5,425 126 136 140500 |
8,979 704 2,598 ~122 8 5 135 156 |
| Net inco | me/(expenditure | ) is stated atter charging/(crediting) |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Auditors' remuneration Auditors' remuneration Depreciation - owned |
- non audit assets |
9,000 17,000 126,136 |
9,000 16,000 114,460 |
|
| Gain on | disposal of fixed asset |
| STAFFCOSTS | ||
|---|---|---|
| 2022 | 2021 | |
| Wages and salaries Social security costs Other pension costs |
I 017594 73,563 ~50 020 |
1,083,199 81,092 ~51 831 |
| ~1141177 | ~1216 122 |
| The average | monthly number ofemployees during the ye |
ar was as follows: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Care Household Maintenance |
and laundry | 37 9 2 I |
39 9 2 I |
| Driver Support and administration Foxes |
7 I |
7 I |
|
| 57 | 59 |
| The number ofemployees | whose | employee benefits (excluding |
employee benefits (excluding |
employer pension |
costs) exceeded | f60,000was: | |
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f60,001 - f70,000 | I | 1 | |||||
| 14. | TANGIBLE FIXEDASSETS | ||||||
| Improvements | |||||||
| to | |||||||
| Freehold | property | Care home | Motor | ||||
| property | fiom 2010 assets |
vehicles | Totals | ||||
| f. | 8 | ||||||
| COST | |||||||
| At 1st April 2021 Additions Disposals |
3,217,187 | 3,770,205 145,649 |
279,945 1,540 ~590) |
53,446 | 7,320,783 147,189 ~590) |
||
| At 31st March 2022 | ~3217 187 | ~3915,854 | ~280 895 | ~53 4'-16 | ~7,467 382 | ||
| DEPRECIATION | |||||||
| At 1st April 2021 Charge for year Eliminated on disposal |
1,101,819 4,615 |
819,337 114,969 |
276,697 2,923 ~590) |
35,293 3,629 |
2,233,146 126,136 ~590) |
||
| At 31stMarch 2022 | ~1106434 | 934306 | ~279 030 | ~38922 | ~2358 692 | ||
| NET BOOK VALUE At 31stMarch 2022 |
2 110,753 | ~2981 548 | ~1865 | ~14 524 | ~5, 108690 | ||
| At 31st March 2021 | ~2,115368 | ~2,950868 | 3,248 | 18,153 | ~5087,637 |
| FIXEDASSETINVESTMENTS | |||
|---|---|---|---|
| Listed | Investment | ||
| investments | cash | Totals | |
| ~TVALUE | 8 | ||
| At 1stApril 2021 Additions |
8,030,299 2,132,702 |
111,284 | 8,141,583 2,132,702 |
| Disposals Revaluations Net cash movements |
(2,281,463) 550,479 |
~72 279) | (2,281,463) 550,479 ~72 279) |
| At 31st March 2022 | ~8,432 017 | ~39 005 | 8,471,022 |
| NET BOOK VALIIE | |||
| At 31stMarch 2022 | ~8432 017 | 39,005 | 8471,022 |
| At 31st Marcft 2021 | ~8030,299 | 111,284 | 8 141,583 |
| Market value | Bookcost | ||
| f, | |||
| Investments in the UK Investments outside the UK |
4,969,218 3462.799 |
4,361,383 2528.102 |
|
| 8,432017 | 6,889.485 |
| Listed | Investment | |
|---|---|---|
| investments | cash | Totals |
| 8 ~8,432 017 |
~39 005 | ~8471 022 |
| Fair value at 31st March 2022 is represented by: |
||
|---|---|---|
| Valuation in 2022 |
~3,880 000 | |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | 2022 | 2021 |
| Tmde debtors Other debtors Prepayments and accrued income |
51,913 4,520 ~20 272 |
65,972 4,958 ~16 627 |
| 76,705 | ~87 557 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2022 | 2021 |
| Trade creditors Social security and other taxes Other creditors Accrued expenses |
24,020 17,140 15,470 ~44 715 |
25,063 19,476 11,847 36,749 |
| ~101 345 | ~93 135 |
| Minimum le |
a | se payments u |
nder non- | cancellable | operating leases |
fall due as follow | s: | |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Within one year Between one and five years |
15,437 75,888 |
10,400 | ||||||
| In more than | five years | 5 059 | ||||||
| 96 384 | ~10 400 | |||||||
| ANALYSIS | Olr NKT ASSETS BETWEEN | FUNDS | ||||||
| 2022 | 2021 | |||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | funds | funds | ||||
| f, | ||||||||
| Fixed assets | 5,108,690 | 5,108,690 | 5,087,637 | |||||
| Investments | 12,326,922 | 24,100 | 12,351,022 | 11,776,583 | ||||
| Current assets Current liabilities |
124,297 ~Itl),345) |
124,297 ~ltl I 345) |
283,059 ~93 135) |
|||||
| 17 | 458 564 | 24100 | 17,482664 | 17054144 | ||||
| MOVEMKNT IN FUNDS |
||||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.21 | in funds | 31.3.22 | ||||||
| Unrestricted | funds | |||||||
| General fund |
17,017,905 | 428,520 | 17,446,425 | |||||
| Designated | Fund Southern | Goodwill | 12,139 | 12 139 | ||||
| 17,030,044 | 428,520 | 17,458,564 | ||||||
| Endowment | funds | |||||||
| Endowment | Fund | 24,100 | 24,100 | |||||
| TOTAL FUNDS | 17,054144 | 428520 | 17482,664 |
| Net movemen | t | in funds, inc |
lude | d in the above |
are as follows: | |||
|---|---|---|---|---|---|---|---|---|
| Incoming resources |
Resources expended |
Gatns and losses |
Movement in funds |
|||||
| Unrestricted General fund |
funds | 2,017,266 | (2,265,410) | 676,664 | 428,520 | |||
| TOTAL FUNDS | ~2,017266 | ~2,265,410) | 676,664 | ~428 520 | ||||
| Comparatives | for movement | in funds | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.20 | in funds | 31.3.21 | ||||||
| 8 | f, | |||||||
| Unrestricted funds General fund Designated Fund Southern |
Goodwill | 15,305,264 12,139 |
1,712,641 | 17,017,905 12139 |
||||
| 15,317,403 | 1,712,641 | 17,030,044 | ||||||
| Endowruent Endowment |
funds Fund |
24,100 | 24,100 | |||||
| TOTAL FUNDS | 15 341 503 | 17126~1 | 17054,144 |
| Comparative | net movement in funds, |
included in the above are as |
follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| Unrestricted General fund |
funds | 2,200,953 | (2,177,422) | 1,689,110 | 1,712,641 |
| TOTAL FUNDS | 2,200,953 | ~2177422) | ~1689,110 | 1,712,641 |
| A current ye | ar 12 months a |
nd prior year 12 months |
combined position is as follows: |
||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.4.20 | in funds | 31.3.22 | |||
| Unrestricted | funds | ||||
| General fund Designated Fund Southent |
Goodwill | 15,305,264 12139 |
2,141,161 - |
17,446,425 12139 |
|
| 15,317,403 | 2,141,161 | 17,458,564 | |||
| Endowment | funds | ||||
| Endowment | Fund | 24,100 | 24,100 | ||
| F | NDS | 15341 593 | 2141161 | 17482664 |
| A current yea follows; |
r 12 months and prior |
year 12 months combined ne |
t movement in fu |
nds, included in |
the above are |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 4,218,219 | (4,442,832) | 2,365,774 | 2,141,161 | |
| TOTAL FUNDS | ~4218,219 | ~4,442 832) | 2,365,774 | ~2141,161 |
| for the ear ended 3 |
1st March 2022 | |
|---|---|---|
| 2022 | 2021 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies Public donations |
4,242 | 2,937 |
| Gift aid tax recovered Legacies Rail staff &company donations |
2, 1 1 1 13,095 |
500 15,089 |
| 19,448 | 18,526 | |
| Other trading activities Poxes Illcomc |
24,125 | 27,869 |
| Investment income Investment income Income from flats & other rentals Bank interest receivable |
157,412 208,675 12 |
136,581 150,574 70 |
| 366,099 | 287,225 | |
| Charitable activities Charges to residents Staff' accommodation charges |
1,485,877 23,422 |
1,698,519 22,207 |
| 1,509,299 | 1,720,726 | |
| Other income Government grants CIRS grants |
97,998 297 |
125,009 «21 598 |
| «98 295 | «146607 | |
| Total incoming resources |
2,017,266 | 2,200,953 |
| EXPENDITURE | ||
| Other trading activities Wages Social security Pensions Property expenses |
5,915 466 339 «29 960 |
5,751 455 409 «15 040 |
| 36,680 | 21,655 |
| for the ear ended 31stMa |
rch 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Other trading activities |
|||
| Investment management costs Portfolio management |
52,225 | 45,955 | |
| Charitable activities |
|||
| Wages Social security Pensions |
1,011,679 73,097 49,681 |
1,077,448 80,637 51,422 |
|
| Rates and water | 24,040 | 22,665 | |
| Insurance | 14,112 | 13,849 | |
| Light and heat Telephone Printing, post & stationery Adveitising Sundries |
75,689 7,865 6,567 13,891 16,701 |
63,813 7,541 6,113 11,808 9,487 |
|
| Agency care staff Laundiy expenses Household &medical expenses |
141,091 16,841 56,865 |
75,839 19,759 64,183 |
|
| Catering contract & other kitchen Motoring expenses Property &equipment maintenance Furniture repairs &renewals Regulatory costs &licences Stafftraining Professional and accountancy Freehold propetxy depreciation Improvements to property Plant and machinery Motor vehicles |
expenses | 287,667 4,509 176,635 23,591 8,939 5,425 26,484 4,615 114,969 2,923 3 629 |
298,629 5,315 128,405 12,144 9,683 2,598 16,599 4,802 102,670 10,867 ~4536 |
| 2,167,505 | 2,100,812 | ||
| Support costs | |||
| Governance costs |
|||
| Auditors' remuneration |
9000 | 9,000 | |
| Total resources expended | ~2265 410 | ~2177422 | |
| Net (expenditure)/income before losses |
gains and | (248,144) | 23,531 |
| Realised recognised gains and losses Realised gains/(losses) on fixed asset investments |
~120419) | ~165708 | |
| Net (expenditure)/income | ~368563) | 189,239 |