**Southport Rest Home Company Limited by Guarantee** ## **Statement of Financial Activities (Incorporating the Income & Expenditure Account)** ## **Year Ended 30 April 2023** |**Incoming Resources**
Incoming resources from generating funds:
Voluntary Income
Investment Income
Incoming resources from charitable activities
Other Incoming resources
**Total Incoming Resources**
**Resources Expended**
Charitable Activities
Governance Costs
**Total Resources Expended**
**Net Income/Expenditure for the Year**
**Other Recognised Gains and Losses**
Profit/(Loss) on Revaluation of Investment Assets
**Net Movement in Funds**
**Reconciliation of Funds**
Total Funds Brought Forward
**Total Funds Carried Forward**|**Note**|**Total Funds**
**2023**
**£**
6414
396
704171
12888
**723869**
(811424)
(16118)
**(827542)**
**(103673)**
1926
**(101747)**
1287052
**1185305**|**Total Funds**| |---|---|---|---| ||||**2022**
**£**
35276
41
653302
44350
**732969**
(759560)
(16653)
**(776213)**
**(43243)**
(1466)
**(44710)**
1331762
**1287052**| ||2
3
4
5
6
7||| The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All the above amounts relate to continuing activities. The notes on pages 8 to 13 form part of these financial statements. 6 **Southport Rest Home Company Limited by Guarantee** ## **Balance Sheet** ## **As at 30 April 2023** |**As at 30 April 2023**|||||| |---|---|---|---|---|---| |**Fixed Assets**
Tangible Assets
Investments
**Current Assets**
Inventory
Debtors
Cash at Bank and in Hand
**Creditors:**
Bank Overdrafts
Amounts Falling Due Within One Year
**Net Current Assets**
**Total Assets Less Current Liabilities**
**Net Assets**
**Funds**
Unrestricted Income Funds
**Total Funds**|**Note**|**£**
500
21017
48062
69579
7160
30451|**£**
1141438
11899
1153337
31968
1185305
**1185305**
1185305
**1185305**
**2023**|**£**
500
19258
140362
160121
0
37516|**£**
1154474
9973
1164447
122605
1287052
**1287052**
1287052
**1287052**
**2022**| ||||||| ||11
12
13
14
15
17||||| For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees responsibilities: - **.** The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and - **.** The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements were approved by the members of the committee and authorised for issue on xx/xx/2023 and are signed on their behalf by: ## **Mr H. Seaberg - Chairperson** The notes on pages 8 to 13 form part of these financial statements. 7 **Southport Rest Home Company Limited by Guarantee** ## **Notes to the Financial Statements** ## **Year Ended 30 April 2023** ## **1. Accounting Policies** ## Basis of Accounting The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005). ## Cash Flow Statement The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company qualifies as small. ## Income Receipts from Charitable Activities Residents Fees and day centre receipts are recognised in the Statement of Financial Activities (SOFA) when they fall due. ## Investments Investments on a recognised stock exchange are valued at market value at the year end. ## Fund Accounting Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and are available as unrestricted funds. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria are charged to the restricted fund. ## Depreciation Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: Motor Vehicles 20% Reducing Balance Computer Equipment 20% Reducing Balance Fixtures & Fittings 15% Reducing Balance No depreciation is charged in respect of freehold land and buildings, as continuous repair and maintenance work ensures that the value of the property is maintained in excess of book value. ## Inventory Inventories are stated at cost. ## Operating Lease Agreements Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. 8 **Southport Rest Home Company Limited by Guarantee** ## **Notes to the Financial Statements Continued** ## **Year Ended 30 April 2023** ## Legacies and Grants Legacies and grants are recognised in the SOFA when they become receivable and it is reasonably certain that they will be received and can be measured with sufficient reliability. ## Tax Reclaims on Dividends and Gifts Income resources from tax claims are included in the SOFA at the same time as the gift to which they relate. ## Expenditure and Liabilities Liability recognition, generally liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. |**2. Voluntary Income**
Donations & Legacies
Unveilings
Subscriptions
**3. Investment Income**
Income from UK Listed Investments
Bank Interest Receivable
**4. Income Resources from Charitable Activities**
Residents Fees
Flat Rents Receivable
Electric Meters & Laundry Receipts|**Unrestricted**
**Funds**
**£**
6414
0
0
**6414**
**Unrestricted**
**Funds**
**£**
0
396
**396**
**Unrestricted**
**Funds**
**£**
680709
22708
754
**704171**|**Total Funds**
**2023**
**£**
6414
0
0
**6414**
**Total Funds**
**2023**
**£**
0
396
**396**
**Total Funds**
**2023**
**£**
680709
22708
754
**704171**|**Total Funds**|**Total Funds**| |---|---|---|---|---| ||||**2022**
**£**
35276
0
0
**35276**
**Total Funds**|| ||||**2022**
**£**
0
41
**41**
**Total Funds**|| |||||**2022**
**£**
631308
21132
863
**653302**| 9 **Southport Rest Home Company Limited by Guarantee** ## **Notes to the Financial Statements Continued** ## **Year Ended 30 April 2023** |**5. Other Incoming Resources**
Gift Aid Refund
Miscellaneous
Grants Received
**6. Costs of Charitable Activities by Fund Type**
Staff Salaries & Wages
Employers NIC
Pensions
Agency Labour
Ground Rent
Rates
Water Rates
Heat, Light & Power
Insurance
Hire of Equipment
Laundry & Cleaning
Repairs, Renewals & Maintenance
Provisions
Residents Activities
Entertaining
Depreciation
Travelling Expenses & Accommodation
Training Courses & Security Checks
Licences & Registration Fees
General Expenses
**7. Governance Costs**
Accountancy Fees
Professional Fees
Telephone
Printing, Postage & Stationery
Bank Charges|**Unrestricted**
**Funds**
**£**
0
552
12336
**12888**
**Unrestricted**
**Funds**
**£**
438255
17329
6558
64488
10
4535
9442
36963
9848
14079
22635
94083
60585
3500
500
13449
1263
3810
3442
6650
**811424**
**Unrestricted**
**Funds**
**£**
840
6332
4670
3246
1030
**16118**|**Total Funds**
**2023**
**£**
0
552
12336
**12888**
**Total Funds**
**2023**
**£**
438255
17329
6558
64488
10
4535
9442
36963
9848
14079
22635
94083
60585
3500
500
13449
1263
3810
3442
6650
**811424**
**Total Funds**
**2023**
**£**
840
6332
4670
3246
1030
**16118**|**Total Funds**
**2022**
**£**
1397
590
42363
**44350**
**Total Funds**
**2022**
**£**
423468
18853
6165
29678
65
3092
8694
46037
8078
12882
21767
87060
57243
3479
156
15839
862
3523
5885
6737
**759560**
**Total Funds**
**2022**
**£**
5868
2898
3169
3706
1012
**16653**|**Total Funds**
**2022**
**£**
1397
590
42363
**44350**
**Total Funds**
**2022**
**£**
423468
18853
6165
29678
65
3092
8694
46037
8078
12882
21767
87060
57243
3479
156
15839
862
3523
5885
6737
**759560**
**Total Funds**
**2022**
**£**
5868
2898
3169
3706
1012
**16653**| |---|---|---|---|---| |||||**2022**
**£**
5868
2898
3169
3706
1012
**16653**| 10 **Southport Rest Home Company Limited by Guarantee** ## **Notes to the Financial Statements Continued** |**Year Ended 30 April 2023**
**8. Net Outgoing Resources for the Year**
**2023**
**£**
This is stated after Charges
Depreciation
**13449**
**9. Trustees Remuneration and Expenses**
No remuneration, directly or indirectly out of charity funds was paid or payable for the year to any
trustee, or any persons known to be connected to any of them.
**10. Staff Costs and Emoluments**
**2023**
**£**
Total staff costs were as follows:
Wages & Salaries
438255
Social Security Costs
17329
**455584**
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time equivalents,
was as follows:
**2023**
**£**
Number of Administrative Staff
4
Number of Full Time Equivalent Caring Service,
Kitchen & House Staff
32
**36**
**11. Tangible Fixed Assets**
**Freehold**
**Leasehold**
**Motor**
**Fixtures &**
**Property**
**Property**
**Vehicles**
**Fittings**
**£**
**£**
**£**
**£**
Cost
As at 1 May 2022
968600
99000
6000
236372
Additions
0
0
0
213
As at 30 April 2023
968600
99000
6000
236585
Depreciation
As at 1 May 2022
0
0
2160
156408
Charge for the Year
0
0
768
12027
As at 30 April 2023
0
0
2928
168435
Net Book Value
As at 30 April 2023
**968600**
**99000**
**3072**
**68150**
As at 30 April 2022
**968600**
**99000**
**3840**
**79964**|**Computer**
**Equipment**
**£**
9952
200
10152
6882
654
7536
**2616**
**3070**||**2022**
**£**
**15839**
**2022**
**£**
423468
18853
**442321**
**2022**
**£**
4
32
**36**
**Total**
**£**
1319925
413
1320338
165451
13449
178900
**1141438**
**1154474**| |---|---|---|---| ## Revaluation of Fixed Assets The freehold of property at 81 Albert Road, Southport, was valued by Edward Jackson Partnership, Chartered Surveyors, on 2 September 2008. 11 ## **Southport Rest Home Company Limited by Guarantee** ## **Notes to the Financial Statements Continued** |**Year Ended 30 April 2023**
**12. Investments**
Movement in Market Value
Market Value as at 1 May 2022
Net Gains on revaluations in the year end 30 April 2023
Market Value at 30 April 2023
Market Value at 1 May 2022
Historical Cost
Analysis of Investments as at 30 April 2023 between funds
Listed Quoted Investments
UK Quoted Shares - 7240 Marks & Spencer Ordinary Shares
**13. Inventory**
Inventory of Food & Drink
**14. Debtors**
Trade Debtors
Other Debtors
Prepayments||**2023**
**£**
9973
1926
**11899**
**9973**
**27548**
**Total Funds**
**2023**
**£**
**11899**
**2023**
**£**
**500**
**2023**
**£**
3610
0
17407
**21017**||**Total Funds**
**2022**
**£**
**9973**
**2022**
**£**
**500**
**2022**
**£**
3046
4000
12213
**19258**| |---|---|---|---|---| |||||| 12 ## **Southport Rest Home Company Limited by Guarantee** ## **Notes to the Financial Statements Continued** ## **Year Ended 30 April 2023** **----- Start of picture text -----**
15. Creditors: Amounts Falling Due Within One Year 2023 2022
£ £
Trade Creditors 20720 25061
PAYE & Social Security Creditors 4340 4045
Other Creditors & Accruals 5390 8410
30451 37516
16. Unrestricted Income Funds Balance at Incoming Gains & Balance at
1 May 2022 Resources Losses 30 April 2023
£ £ £ £
General Funds 1287052 (103673) 1926 1185305
17. Analysis of Net Assets Between Funds
Tangible Net Current
Fixed Assets Investments Assets Total
£ £ £ £
Unrestricted Income Funds 1141438 11899 31968 1185305
Total Funds 1141438 11899 31968 1185305
**----- End of picture text -----**
## **19. Company Limited by Guarantee** The company is limited by guarantee and the liability of the members is limited to an amount not exceeding £ 1. 13 ## **Southport Rest Home Company Limited by Guarantee** ## **Additional Information Statement** ## **Year Ended 30 April 2023** The additional information contained in page 15 has been prepared from the accounting records of the company. While it does not form part of the statutory financial statements, it should be read in conjunction with them and the report thereon. 14 **Southport Rest Home Company Limited by Guarantee Income Statement** ## **Year Ended 30 April 2023** |||**2023**||**2022**|| |---|---|---|---|---|---| |||**£**|**£**|**£**|**£**| |Revenue:|||||| ||Donations, Legacies & Unveilings||6414||35276| ||Annual Subscriptions||0||0| ||Residents Fees||680709||631308| ||Flat Rents Receivable||22708||21132| ||Electric Meters & Laundry Receipts||754||863| ||Gift Aid Income Tax Refund||0||1397| ||Grants Received||12336||42363| ||Miscellaneous||552||590| |**Less:**|**Expenses for Charitable Activities:**
Wages & Employers NIC
Pensions
Agency Labour
Ground Rent
Rates
Water Rates
Heat, Light & Power
Insurance
Provisions
Residents Activities
Entertaining
Equipment Hire
Laundry & Cleaning
Repairs, Renewals & Maintenance
Gardening
Travelling Expenses & Accommodation
Licences & Registration Fees
Protective Clothing
Training Courses & Security Checks
Advertising
Depreciation
General Expenses|455584
6558
64488
10
4535
9442
36963
9848
60585
3500
500
14079
22635
91752
2332
1263
3442
758
3810
4898
13449
994|**723473**
(811424)|442321
6165
29678
65
3092
8694
46037
8078
57243
3479
156
12882
21767
85822
1238
862
5885
766
3523
4508
15839
1462|**732928**
(759560)| |**Less:**|**Governance Costs**||||| ||Telephone
Computer Software & Maintenance
Printing, Postage & Stationery
Professional Fees
Accountancy
Bank Charges|4670
211
3035
6332
840
1030|(16118)|3169
891
2815
2898
5868
1012|(16653)| |**Operating (Loss)**
Dividends Received
Investment Interest Received
Bank Interest Received
**Net (Loss)**||0
12
384|**(104069)**
396
**(103673)**|0
24
17|**(43285)**
41
**(43243)**| |Gains / (Losses) on Revaluation of Investment Assets|||1926||(1466)| |**Net Movement in Funds**|||**(101747)**||**(44710)**| 15