## ||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| |17.|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)|||||| ## ##