## # |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| ## ##