2022-12-31-accounts

CONTENTS			PAGE
Reference and Administrative		Details
Objectives and Activities
Achievement and Performance
How our Activities Achieve our		Aim and Public Benefit
Effect ofCovid-19 During 2022		and Actions the Charity Undertook
Feedback on the Care	We Provide
Financial Review
Risk Management			10
Structure, Governance	and Management
Statement ofTrustees'	Responsibilities		12
Disclosure of Information to Auditors			13
Independent Auditors'	Report		14
Statement of Financial	Activities		17
Balance Sheet			18
Cash Flow Statement			19
Notes to the Financial	Statements		20

Name of	Charity	Charity		Lilian Faithfull Care	Lilian Faithfull Care
Charity Number				1122183
Company		Registration	Number	06461263
Registered		Office		Ground Floor West
				Festival House
				Jessop Avenue
				Cheltenham
				Gloucestershire
				GL50 3SH
Principal	Office			Ground Floor West
				Festival House
				Jessop Avenue
				Cheltenham
				Gloucestershire
				GL50 3SH
Trustees				Fiona Spencer,	Chair (Appointed					15June 2022)
				Janet Ballinger	(Retired	15June 2022)
				Alan Bishop
				Fiona Court
				Elizabeth Fox (Retired 15June 2022)
				Sandra Harding	(Appointed			4 January 2023)
				Gareth Parry
				Phillip Pratt
				Gill Pyatt (Chair, Retired			15June			2022)
				Martyn Smith
				Emma Morgan	(Appointed		18		May 2023)
				Leaine Thompson (Appointed					18	May 2023)
				Eve Russell (Appointed		30 May 2023)
				Adam Watts (Appointed		12		June		2023)
				Dame Janet Trotter
Company		Secretary		Gareth Parry (Resigned		12		June		2022)
				Martin Wood (Appointed			12June			2022)
Chief Executive				Martin Hughes	(Left 30	November				2022)
				Kevin Snowball	(Started		17April			2023)
				Suzanne Booker Interim			Chief		Executive (21 November
				2022 to 16April	2023)
Auditors				Hazlewoods LLP
				Windsor House
				Bayshill Road
				Cheltenham
				Gloucestershire
				GL50 3AT

Bankers		Barclays Bank PLC
		128 High Street
		Cheltenham
		Gloucestershire
		GL50 1EL
Solicitors		BPE
		StJames House
		StJames Square
		Cheltenh am
		Gloucestershire
		GL50 3PR
Investment	Managers	atomos
		One Temple Quay
		1 Temple Back East
		Bristol
		BS16DZ

				Unrestricted	Restricted	Total	Total
			Note	funds	funds	funds	funds
						2022f	2021
INCOME
Income from:
Donations and legacies Charitable activities			2 3	51,412 12,749,979	871,515	922,927 12,749,979	778,562 11,145,858
Investments			4	126,539		126,539	116,160
Other income			5	23,341		23,341	16,051
Total income				12,951,271	871,515	13,822,786	12,056,631
Expenditure on:
Raising funds: Investment manager's Charitable activities		fees		5,707 12,950,596	337,546	5,707 13,288,142	4,627 11,656,748
Total expenditure			6	12,956,303	337,546	13,293,849	11,661,375
Net (losses)/gains	on investments			(67,657)		(67,657)	7,589
Net movement in	funds			(72,689)	533,969	461,280	402,845
Reconciliation in	funds
Total funds brought forward Net movement in funds				10,266,350 (72,689)	533,969	10,266,350 461,280	9,863,505 402,845
Total funds carried forward				10,193,661	533,969	10,727,630	10,266,350

	Note	2022f	2021f
FIXEDASSETS
Tangible assets Investments Investment property	11 13 12	12,402,053 597,987 1,599,271	11,749,687 657,026 1,599,235
Total fixed assets		14,599,311	14,005,948
CURRENT ASSETS
Debtors Cash at bank and in hand	14	740,886 633,063	626,028 1,074,219
CREDITORS		1,373,949	1,700,247
Amounts falling due within one year	15	(2,125,333)	(1,561,828)
NET CURRENT (LIABILITIES)IASSETS		(751,384)	138,419
TOTAL ASSETS LESSCURRENT LIABILITIES		13,847,927	14,144,367
CREDITORS
Amounts falling due after more than one year	16	(3,120,297)	(3,878,017)
TOTAL NET ASSETS		10,727,630	10,266,350
CHARITYFUNDS
Restricted funds Unrestricted funds	19 18	533,969 10,193,661	10,266,350
Total funds		10,727,630	10,266,350
A r ed by the Board for ieeoe on .Q.. ... .....	I... .. ..:..
F pe er- r stee

		Note		2022f		2021 F
Cash used in operating activities Net cash provided by operating activities		21		1,666,003		1,055,249
Cash flows from investing activities Dividends, interests and rents from investments Purchase oftangible fixed assets			126,539 (1,880,139)		116,160 (684,328)
Proceeds from sale oftangible fixed assets Proceeds from sale of investments			14,464 412,246		248,721
Purchase of investments			(419,604)		(246,803)
Investment property additions			(36)		(1,039,235)
Cash used in investing activities				(1,746,530)		(1,605,485)
Cash flows from financing activities Advance of bank loan						603,600
Bank interest paid Repayments of borrowings				(116,163) (244,028)		(74,117) (251,489)
Net cash provided by I(used in) in financing	activities			(360,191)		277,994
Change in cash and cash equivalents in the	year			(440,718)		(272,242)
Cash and cash equivalents brought forward				1,092,123		1,364,365
Total cash and cash equivalents carried forward		22		651,405		1,092,123

			2022f	2021f
Residents' fees			12,715,196	11,133,905
Contributions	to running	costs	11,248	11,953
Charity shop	income		23,535
			12,749,979	11,145,858

					Unrestricted	Total	Total
					funds	funds	funds
					2022f	2022f	2021
Rental income					112,186	112,186	103,417
Income from listed investments					13,893	13,893	12,101
Interest receivable					460	460	642
					126,539	126,539	116,160
OTHER INCOME
The analysis ofthe Charity's		other income for		the year is	as follows:
					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022f	2021f
Voluntary	income, other income,		gift aid		23,341	23,341	16,051
					23,341	23,341	16,051
ANALYSIS OF EXPENDITURE			BYACTIVITY
			Activities		Support	Total	Total
			undertaken		costs	2022	2021
			directly		2022
				2022
Care costs Welfare Premises			6,200,037 3,830,858 1,975,967			6,186,919 3,830,858 1,975,967	5,181,648 3,388,277 1,943,698
Support costs					1,286,987	1,300,105	1,147,752
Total			12,006,862		1,286,987	13,293,849	11,661,375

Analysis ofdirect	costs
		Care Costs	Welfare	Premises	Total	Total
		2022	2022	2022	2022f	2021 F
Staff costs		4,481,216	2,412,382	142,195	7,035,793	6,938,442
Depreciation Contract catering Establishment costs			530,893	630,398 538,430	630,398 530,893 538,430	607,586 428,880 556,341
Repairs and maintenance Advertising Office expenses			53,726 121,765	664,944	664,944 53,726 121,765	658,292 52,207 95,733
Subscriptions and publications Equipment hire			23,353 20,037		23,353 20,037	30,646 17,933
Residents' welfare	and
activities			62,289		62,289	30,653
Cleaning, medical uniforms	costs,		117,419		117,419	157,772
Motor expenses Other employment Irrecoverable VAT	costs		28,013 241,510 55,296		28,013 241,510 55,296	27,478 161,483
Agency costs Management charge		1,705,703 13,118	164,175		1,869,878 13,118	750,177
Total		6,200,037	3,830,858	1,975,967	12,006,862	10,513,623

			Care costs	Total	Total
			2022	2022 F	2021f
Staff costs			918,455	918,455	823,578
Printing, postage and stationery Legal and professional costs Bank charges & interest Governance costs			31,865 109,871 129,054 15,360	31,865 109,871 129,054 15,360	33,036 111,183 78,750 17,833
Depreciation			82,382	82,382	83,372
			1,286,987	1,286,987	1,147,752

					2022	2021
Fees payable to the Company's		auditor		for the audit ofthe Company's
Annual accounts					15,600	17,103
Fees payable to the Company's		auditor		in respect of:
All non-audit services	not included		above		3,120	400
					18,720	17,503
EMPLOYMENT COSTS					2022	2021
Wages and salaries Social security costs Contribution to defined	contribution		pension schemes		7,248,746 560,424 145,078	7,101,939 519,897 140,184
					7,954,248	7,762,020

The average number of p	ersons employed	by the Company during the year was	as follows:
			2022	2021
			No.	No.
Head count			388	410
The number ofemployees	whose employee	benefits exceeded 260,000was:
			2022	2021
			No.	No.
F60,001 - F70,000
270,001 - 880,000
680,001 - 690,000
E90,001 - 8100,000

	Investments
	In
	Subsidiary	Listed
	companyf	Investmentsf	Totalf
Cost or valuation
At 1 January 2022 Additions Disposals Revaluations Movement on cash held for reinvestment	100	656,926 419,604 (412,252) (66,828) 437	657,026 419,604 (412,252) (66,828) 437
At 31 December 2022	100	597,887	597,987

DEBTORS
	2022f	2021f
Trade debtors Other debtors Prepayments and accrued income Amounts owed by group undertakings	458,403 2,636 169,483 110,364	475,914 10,052 140,062
	740,886	626,028
CREDITORS —amounts falling due within one year
	2022f	2021
Bank loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income	782,051 390,820 289,464 554,537 108,461	268,359 251,806 285,741 537,380 218,542
	2,125,333	1,561,828

CREDITORS —amounts falling due a	fter more than one year
		2022f	2021f
Bank loans		3,120,297	3,878,017
Included within the above are amounts	falling due as follows:
		2022f	2021f
Between one and two years Bank loans		232,395	782,051
Between two and five years Bank loans		2,887,902	2,609,884
Over five years Bank loans			486,082

FINANCIAL INSTRUMENT	S
			2022f	2021f
Financial assets
Financial assets measured	at fair value through	income and
expenditure			597,887	656,926

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022f	2022f	2021
Tangible	fixed assets		11,902,053	500,000	12,402,053	11,749,687
Fixed asset investments			597,987		597,987	657,026
Investment property Current assets			1,599,271 1,339,980	33,969	1,599,271 1,373,949	1,599,235 1,700,247
Creditors		due within one year	(2,125,333)		(2,125,333)	(1,561,828)
Creditors		due in more than one year	(3,120,297)		(3,120,297)	(3,878,017)
Total			10,193,661	533,969	10,727,630	10,266,350

					2022f	2021f
	Net income for the period				461,280	402,845
	Adjustments for:
	Depreciation charges Losses/(gains) on investments Finance costs Profit on disposal oftangible	fixed	assets		712,780 67,657 123,446 536	690,958 (7,589) 74,014
	Dividends, interests and rents from Non cash income received		investments		(126,539) 500,000	(116,160)
	(Increase)/decrease in debtors increase/(decrease) in creditors				(114,858) 41,707	96,965 (85,784)
	Net cash provided by operating		activities		1,666,003	1,055,249
22	ANALYSIS OF CASH AND CASH		EQUIVALENTS
					2022f	2021f
	Cash in hand Cash held for reinvestment				633,063 18,342	1,074,219 17,904
	Total cash and cash equivalents				651,405	1,092,123
23	ANALYSIS OF CHANGES IN	NET	DEBT
				At 1 January	Cash flows	At
				2022		31 December
						2022f
	Cash at bank and in hand Debt due within 1 year Debt due after 1 year			1,092,123 (268,359) (3,878,017)	(440,718) (513,692) 757,720	651,405 (782,051) (3,120,297)
				(3,054,253)	(196,690)	(3,250,943)

cancel	lable operating leases as follows:
		2022f	2021f
Land and buildings Within 1 year Between 1 and 5years		95,775 27,293	57,068 144,624
After	more than 5 years	108,268
Total		231,336	201,692
Plant and machinery Within 1 year Between 1 and 5years After more than 5 years		112,542 403,535 252,684	115,456 306,059 24,124
Total		768,761	445,639