2023-03-31-accounts - Woking Homes

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	Page	Page
Report of the Trustees	1	to	6
Report of the Independent Auditors	7	to	10
Statement of Financial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	to	27
Detaned Statement ofFinancial Activities	28	to	29

			WOKING HOMES	WOKING HOMES	WOKING HOMES
			STATEMENT OF FINANCIAL			ACTIVITIES
INCORPORATING				AN INCOME	AND EXPENDITURE ACCOU
			for the ear ended		31stMarch		2023
								2023	2022
				Unrestricted	Restricted		Endowment	Total	Total
				funds	funds		fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS FROM Donations and legacies			2	197,999				197,999	19,448
Charitable activities Provision of care				1,874,940				1,874,940	1,509,299
Other trading activities Investment income Other income			3 4 6	26,572 436,089 803				26,572 436,089 803	24,125 366,099 98295
Total				2 536,403				2.536.403	2 017,266
EXPENDITURE ON Raising funds				84,211				84,211	88,905
Charitable activities Provision of care Catering services Household services				991,644 330,036 306,913				991,644 330,036 306,913	868,781 287,667 297,507
Property & equipment maintenance Vehicle running costs Support costs Other expenditure				188,320 27,882 329,812 148039				188,320 27,882 329,812 148039	246,590 28,227 307,233 140500
Total				2406 857				2406857	2265 410
Net gains/(tosses) on		investments	~496 809)					~496809)	676664
NKT INCOME/(EXPENDITURE)				(367,263)				(367,263)	428,520
RECONCILIATION		OF
FUNDS Total funds brought	forward			17,458,564			24,100	17,482,664	17,054,144
TOTAL FUNDS CARRIED FORWARD				17091 301		~	24100	17115401	17482664

	WOKINC HOMES
	BALANCE SHEET
	31stMarch 2023
		2023	2022
	Notes
FIXEDASSETS Tangible assets	14	5,086,434	5,108,690
Investments Investments Investment property	15 16	7,706,898 4100 000	8,471,022 3 880 000
		16,893,332	17,459,712
CURRENT ASSETS Debtors	17	66,170 281 103	76,705 47592
Cash at bank and in hand
		347,273	124,297
CREDITORS Amounts falling due within one year	18	(125,204)	(101,345)
NET CURRENT ASSETS		222069	22952
TOTAL ASSETS LESSCURRENT LIABILITIES		17,115,401	17,482,664
NKT ASSETS		17,115,401	17,482,664
FUNDS Unrestricted funds Endowment funds	21	17,091,301 24,100	17,458,564 24,100
		17115401	17482664
TOTAL FUNDS

	WOKING HOMES	WOKING HOMES
	CASH FLOW STATEMENT
	for the	ear ended 31stMarch 2023
		2023	2022
	Notes
Cash flows from operating activities Cash generated Bum operations		~139578)	~469,045)
Net cash used in operating activities		~139578)	~469 045)
Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments Investment cash movements Interest received		(110,315) (4,911,653) 5,115,578 (156,610) 969	(147,189) (2,132,702) 2,161,044 73,883 12 12,602
Dividends received Dividends and rental income received		435,120	~353 485
Net cash provided by investing activities		~373089	~321 135
Change in cash and cash equivalents reporting period	in the	233,511	(147,910)
Cash and cash equivalents at the beginning ofthe reporting period		~47 592	~195 502
Cash and cash equivalents at the end reporting period	ofthe	~281 103	~47 592

NOTES TO THE CASH FLOW for the ear ended 31stM	NOTES TO THE CASH FLOW for the ear ended 31stM	NOTES TO THE CASH FLOW for the ear ended 31stM	STATEMENT arch 2023
RECONCILIATION OFNET (EXPENDITURE)/INCOME			TO NET CASH	FLOW FROM	OPERATING
ACTIVITIES				2023	2022
				f
Net (expeuditure)/income of li'iuancial Activities)	for the reporting	period (as per the Statement		(367,263)	428,520
Adjustments for: Depreciation charges Losses/(gain) on investments Interest received				132,571 496,809 (969)	126,136 (676,664) (12) (12,602)
Dividends received Dividends and rental income received Decrease in debtors				(435,120) 10,535 ~23 859	(353,485) 10,852 ~8210
Increase in creditors
Net cash used in operations				~139 578)	~469 045)
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.4.22	Cash flow	At 31.3.23
Net cash Cash at bank and in hand			~47 592	~233 511	~281 103
			~47 592	~233 511	~281 103
			~47 592	~233 511	~281 103

Freehold property Improvements to property Care home assets Motor vehicles	from 2010	4%on cost Straight line over 33%on cost 20%on reducing	40 years and Straight line over 10years balance

using the accrua relates.	ls mo	del. The income has been recognised	as grant ncome n p
DONATIONS	AND	LEGACIES	2023	2022
			f,
Public donations			2,132	4,242 2,111
Gift aid tax recovered			183,542
Legacies Rail staff & company		donations	~12 325	~13 095
			~197 999	~19448

		for the ear ended 31stMarch	for the ear ended 31stMarch	2023
	OTBKRTRADING	ACTIVITIES		2023	2022
	Foxes income			~26 572	~24 125
4.	INVESTMKNT INCOME			2023	2022
				8
	Investment income Income from flats dt	other rentals		203,089 232,031 969	157,412 208,675 12
	Bank interest receivable
				~436 089	~366 099
	INCOME FROM CHARITABLE ACTIVITIES			2023	2022
	Charges to residents Staff accommodation	charges	Activity Provision of care Provision of care	1,836,942 ~37 998	1,485,877 ~23 422
				~1874 940	~1509 299
6.	OTHER INCOME			2023	2022
				803	97,998
	Government grants				297
	CIRS grants
				803	~98 295
7.	RAISING FUNDS
	Other trading activities			2023	2022
				f,
	Staff costs			6,931 ~29 965	6,720 ~29 960
	Property expenses
				~36 896	~36 680

RAISING FUNDS - continued
Investment management costs	2023	2022
Portfolio management	47,315	52,225
Aggregate amounts	~84 211	88,905
CHARITABLE A.CTIVITIES COSTS
Direct costs (note 9)	2023	2022
	f,	f,
Provision ofcare Catering services Household services Property & equipment maintenance Vehicle &driver costs Support costs Other expenditure	991,644 330,036 306,913 188,320 27,882 329,812 148039 2322 646	868,781 287,667 297,507 246,590 28,227 307,233 140500 2 176505

DIRECI' COSTS OF C	HARITABLE ACTIVITIES
			2023	2022
Care		695,892		727,691
Care staff costs		295 752		141090
Agency care staff		~9	1 644	868 781
Catering		318,838		281,183
Contract costs Sale offood			(2,453) 13651	(1,826) 8310
Miscellaneous		~3300 6		~287 667
Household services Laundry and household	staff costs	123,186 20,546		109,960 16,842
Laundry expenses Household and medical	expenses		48,764 74,551	56,865 75,689
Light and heat			17,006	14,111
lnsurances			~22 60	~24 04
Rates and water		306913		297 507
Maintenance General premises maintenance Maintenance ofpremises - stall' costs			121,539 48,496 18285	176,635 46,363 23 592
Furniture repair and replacement			188320	246 590
Vehicle & driver costs			22,984	23,718
Driver staff costs			4 89i8	~45
Vehicle expenses			27 882	28 227
Support costs			241,838	226,725
Staff costs			17,039	14,432
Office expenses			14,039	16,701
Sundry expenditure			16,830	13,891
Advertising			40 066	35484
Professional and accountancy			329812	~30 233
Other expenditure Care Quality Commission TV rental and licences			7,736 1,299 6,433	8,225 714 5,425
Stafftraining			~12 571	126136
Depreciation			~148039	140500

Net inco	me/(expenditure	) is stated after charging/(crediting)
			2023	2022
Auditors' remuneration Auditors' remuneration Depreciation - owned		- non audit assets	10,000 13,750 132,571	9,000 13,600 126„136
Gain on	disposal offixed asset


STAFF COSTS	2023	2022
	f,
Wages and salaries Social security costs	1,019,228 73,356 46 743	1,017,594 73,563 ~50 020
Other pension costs
	~1139327	~1141 177

The average	monthly number ofemployees during the yea	r was as follows:
		2023	2022
		35	37
Care		8	9
Household	and laundry	2	2
Maintenance		I	I
Driver		7	7
Support and administration		I	1
Foxes
		54	57

The number of employees whose	employee benef	its (excluding em	ployer pension c	osts) exceeded 6	0,was:
				2023	2022
860,001 -870,000				1	1
TANGIBLE FIXED ASSETS
		Improvements
		to
	Freehold property	property from 2010	Care home assets	Motor vehicles	Totals 8
COST At 1stApril 2022 Additions	3,217,187	3,915,854 ~110315	280,895	53,446	7,467,382 ~110315
At 31st March 2023	~3217 187	~4,026 169	~280 895	~53 446	~7577 697
DEPRECIATION At 1stApril 2022 Charge for year	1,106,434 ~4430	934,306 123,884	279,030 ~1354	38,922 ~2903	2,358,692 132,571
At 31st March 2023	~1110864	~1058 190	~280 384	~41 825	~2491 263
NKT BOOK VALUE At 31stMarch 2023	2 106323	2,967,979	511	11,621	5086 434
At 31st March 2022	~2110753	~2981 548	~1865	~14 524	~5108 690

for the ear end	ed 31stMarch 2023
FIXED ASSETINVESTMENTS	Listed	Investment
	investments	cash	Totals
			8
MARKET VALUE At 1stApril 2022 Additions Disposals Revaluations	8,432,017 4,911,653 (5,300,594) (531,793)	39,005 ~156 610	8,471,022 4,911,653 (5,300,594) (531,793) ~156 610
Net cash movements
At 31st March 2023	~7511 283	~195 615	~7706 898
NKT BOOK VALUE At 31st March 2023	~7511 283	~195 615	~7706 898
At 31st March 2022	~8,432017	~39 005	~8,471 022
		Market value	Bookcost
Investments in the UK		5,705,432 I 805 851	5,290,541 I 753 562
Investments outside the UK
		7711 233	7044 103

Cost or va	luat	ion at 31st March 2023 is repr	esented by:
			Listed	Investment
			investments	cash	Totals
Valuation Valuation	in in	2022 2023	8,432,017 ~920734)	39,005 ~156 610	8,471,022 ~764 124)
			~7511 283	~195 615	~7706 898

FAUI VALUE	3,880,000
At 1stApril 2022	~220 000
Revaluation
	~4100,000
At 31st March 2023
NET BOOK VALUE	~4100 000
At 31st March 2023
At 31st March 2022	~3,880000

DEBTORS:	AMOUNTS FALLING DUE WITHIN ONK YEAR	2023	2022
		37,298	51,913
Trade debtors		5,795	4,520
Other debtors Prepayments	and accrued income	~23 077	~20 272
		66,170	~76 705

	FALLINGDUKWITHINONE YEAR
CREDITORS:	AMOUNTS	2023	2022
Trade creditors Social security Other creditors	and other taxes	56,154 19,459 13,808 ~35 783	24,020 17,140 15,470 ~44 715
Accrued expenses
		~125 204	~101 345

	Minimum lea	se payments und	er non-c	ancellable o	perating leases f	all due as follow	:
							2023	2022
	Within one year Between one and five years						17,657 66,596	15,437 75,888 ~5059
	In more than	five years
							~84 253	~96 384
20.	ANALYSIS	OF NET ASSETSBETWEEN FUNDS					2023	2022
			Unrestricted		Restricted	Endowment	Total	Total
				funds	funds	fund	funds	funds
	Fixed assets Investments Current assets Current liabilities		5,086,434 11,782,798 347,273 ~125204)			24,100	5,086,434 11,806,898 347,273 ~125204)	5,108,690 12,351,022 124,297 ~101345)
			17	1131 301		24 100	17 115401	17482 66~
21.	MOVEMENT IN FUNDS						Net
							movement	At
						At 1.4.22	in funds	31.3.23
								8
	Unrestricted funds General fund Designated Fund Southern		Goodwill			17,446,425 12 139	(367,2631	17,079,162 12139
						17,458,564	(367263)	17091301
	Endowment Endowment	funds Fund				24,100		24,100
	TOTAL FUNDS					17482 664	~367 263)	17115411

Net movement	in funds, incl	ude	d in the above	are as follows:
				Incoming resources	Resources expended	Gains and losses	Movement in funds
						f,
Unrestricted General fund	funds			2,536,403	(2,406,857)	(496,809)	(367,263)
TOTAL FUNDS				~2536 403	~2406,857)	~496 809)	~367 263)
Comparatives	for movement		in funds
						Net
						movement	At
					At 1.4.21	in funds	31.3.22
Unrestricted funds General fund Designated Fund Southern		Goodwill			17,017,905 12139	428,520	17,446,425 12139
					17,030,044	428,520	17,458,564
Endowment Endowment	funds Fund				24,100		24, 100
					17054 l44	428 520	17482 664

Comparative	net movement in funds	, included in the above are as
		Incoming resources	Resources expended	Gains and losses	Movement in funds
Unrestricted General fund	funds	2017,266	(2,265 410)	676,664	428,520
TOTAL FUNDS		~2017 266	~2265 410)	676,664	~428 520

A current ye	ar 12months a	nd prior year 12months c	ombined poson
				Net
				movement	At
			At 1.4.21	in funds	31.3.23
Unrestricted funds General fund Designated Fund Southern		Goodwill	17,017,905 12139	61,257	17,079,162 12139
			17,030,044	61,257	17,091,301
Endowment Endowment	funds Fund		24,100		24,100
			17054144	61257	17115401

A cunent year follows:	12 months and prior	year 12months comne
		Incoming resources	Resources expended	Gains and losses	Movement in funds
Unrestricted General fund	funds	4,553,669	(4,672,267)	179,855	61,257
		~4553 669	~4,672267)	~179 855	~61 257

		h	ended31stMarch 2023
		for te	ear	2023	2022
INCOME AND ENDOWMENTS
Donations and legacies				2,132	4,242
Public donations					2,111
Gift aid tax recovered Legacies				183,542 ~12 325	~13095
Rail staff tk company	donations
				197,999	19,448
Other tradiog activities				26,572	24,125
Foxes income
Investment income				203,089	157,412
Investment income				232,031	208,675
Income from flats dx	other rentals			969	12
Bank interest receivable
				436,089	366,099
Charitable activities Charges to residents				1,836,942 37,998	1,485,877 ~23 422
Staff accommodation	charges
				1,874,940	1,509,299
Other income				803	97,998
Government grants					297
CJRS grants				803	~98 295
				2,536,403	2,017,266
Total incoming resources
EXPENDITURE
Other trading activities				6,115	5,915
Wages				461	466
Social security Pensions				355 ~29 965	339 ~29 960
Property expenses
				36,896	36,680

			WOKING HOMES	WOKING HOMES
DETAILED			STATEMENT OFFINANCIAL ACTIVITIES
			for the	ear ended 31stMarch 2023 2023	2022
Other trading activities
Investment management	costs			47,315	52,225
Portfolio management
Charitable activities				1,013,113	1,011,679
Wages				72,895	73,097
Social security				46,388	49,681
Pensions				22,860	24,040
Rates and water				17,006	14,112
Insurance				74,551	75,689
Light and heat				9,107	7,865
Telephone Printing, post & stationery				7,932 16,830	6,567 13,891
Advertising				14,039	16,701
Sundries Agency care staff				295,753 20,545	141,091 16,841
Laundry expenses Household &medical expenses Catering contract &other kitchen expenses				48,764 330,036 5,025	56,865 287,667 4,509
Motoring expenses Properly & equipment maintenance Furniture repairs & renewals Regulatory costs & licences				121,412 18,285 9,034 6,434	176,635 23,591 8,939 5,425
Stafftraining				30,066	26,484
Professional and accountancy Freehold property depreciation				4,429 123,885	4,615 114,969
Improvements to property Plant and machinery				1,354 ~2903	2,923 ~3629
Motor vehicles
				2,312,646	2,167,505
Support costs
Governance costs				~10000	~9000
Auditors' remuneration
				~2406 857	~2,265 410
Total resources expended
Net income/(expenditure)		before gains and		129,546	(248,144)
losses
Realised recognised gains and losses Realised gains/(losses) on fixed asset			investments	~190971	~120419)
				~320 517	~368 563)
Net income/(expenditure)