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2022-03-31-accounts

Charity Registration No. 1140242

Company Registration No. 07394756 (England and Wales)

Preston Bethany Care

Annual Report and Unaudited Financial Statements

For the Year Ended 31 March 2022

PRESTON BETHANY CARE

LEGAL AND ADMINISTRATIVE INFORMATION

Operating name Bethany House Trustees Ms J Kay (Chairperson) Mr A Wright Mr S Henderson (Treasurer) Dr. P Johns Mrs. G Nixon-Smith Miss. S Etherington Mr M Passmore Home manager Mrs G Whitfield Charity number 1140242 Company number 07394756 Registered office and Bethany House operation address Gamull Lane Preston Lancashire PR2 6TQ

Independent examiner Julie Flintoff BA (Hons) FCA Azets Floor 1, Capital House 8 Pittman Court Pittman Way Fulwood Preston PR2 9ZG Bankers HSBC Bank Plc Preston 49a Fishergate Preston Lancashire PR1 8BQ Kingdom Bank Ruddington Fields Business Park Mere Way Ruddington Nottingham

PRESTON BETHANY CARE

LEGAL AND ADMINISTRATIVE INFORMATION

Furness Building Society 51 - 55 Duke Street Barrow in Furness Cumbria

Virgin Money Jubilee House Gosforth Newcastle upon Tyne NE3 4PL

Unity Trust Bank Four Brindley Place Birmingham B1 2JB

The Charity Bank Ltd Fosse House 182 High Street Tonbridge TN9 1BE

Cumberland Building Society 90 Fishergate Preston PR1 2NJ

Solicitors

Napthens Solicitors 7 Winckley Square Preston United Kingdom PR1 3JD

PRESTON BETHANY CARE

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 21

PRESTON BETHANY CARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Overview of Bethany House

Preston Bethany Care (PBC) is entirely operated by volunteer director/trustees who provide oversight of the charitable and company requirements for the operation of Bethany House residential care home. The director/ trustees also aim to widen the reach and care provided to the elderly within the local Christian community.

Bethany House is a comprehensively equipped residential care home for the elderly, staffed entirely by professional management and care staff. Bethany House objectives are to provide care to all residents to a standard of excellence which embraces fundamental principles of Good Care Practice, and that this may be witnessed and evaluated through the practice, conduct and control of quality care in the home.

Bethany House is a Christian Home that upholds the principles outlined in the Statement of Faith of the Evangelical Alliance. Respect and assistance are given to enable each resident to follow their faith during their time living at Bethany House and to encourage them to continue living and serving their particular local church.

Covid 19 created significant challenges for the Bethany House staff team during FY2021-22. Bethany House suffered a couple of Covid outbreaks, these outbreaks had a multi-faceted impact on residents, staff and potential new residents, with the consequential reduction in overall occupation levels, and the associated negative impact on the financial performance of the charity.

The home is managed by a general manager together with two care managers and administrative support.

Objectives and activities

Bethany House staff team are supported and professionally trained to:

PRESTON BETHANY CARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The above objectives are achieved by:

The director/trustees aim to provide sufficient resources to ensure the Bethany House staff team:

The director/trustees recognise the importance that the staff team fulfil in terms of delivering high quality resident care. In recognition of the staff roles the director/trustees are continually reviewing and improving the environment and conditions in order to enhance staff engagement and satisfaction.

Fundamental Ethos of PBC

PBC’s fundamental ethos are that residents who live in Bethany House should be able to do so in accordance with the PBC’s Statement of Values which include the following key requirements, to:

The director/trustees recognise the significance and value of Charity Commission (CC) guidance and they aim to incorporate CC guidance and recommendations within their oversight roles.

PRESTON BETHANY CARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Public benefit

PBC recognise the importance of providing benefits to the communities that the charity serves. Guidance provided by the Charity Commission specifically identifies requirements to provide “public benefit”. PBC fulfils this Public Benefit duty via a number of concurrent initiatives, including:

The current director/trustees (like their predecessors) recognise that:

Achievements and performance

During FY2021-22, like FY2020-21 has seen PBC and Bethany House directly impacted by the COVID-19 pandemic, and this has significantly impacted on most aspects of normal life.

The following commentary provides an overview of the progress compared to the 2020-21 objectives.

PBC Objectives for 2022/23

Due to the restrictions required to control COVID-19 the FY2022-23 objectives remain largely unchanged.

Continue to strengthen the charity board of directors to establish a team of individuals who will:

PRESTON BETHANY CARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Impact of COVID-19

As the pandemic developed the government continued to provide financial support via additional grants. These grants were welcomed by the trustees, and they used the grants to ensure that residents and staff could implement all the changing requirements associated with mitigating the impact of COVID-19.

As the pandemic developed Bethany House used the grants to fund:

Throughout most of FY2021-22 the impact of COVID-19 has been fairly significant, resulting in higher levels staff and resident infections, significantly higher levels of vacancies, reduced income, combined with the higher staffing costs required to care for residents who are all isolating.

The trustees recognised the need to take a much longer term view of the impact from COVID-19, and the need to ensure that adequate resources continue to be provided well in to the future.

Financial review

The accompanying accounts show net expenditure for the year of £23,477. This deficit is due to occupancy levels in the year resulting in lower income. The charity has continued to receive support from the government.

The attached accounts show the current state of the finances which the trustees consider to be sound. The trustees are satisfied that the assets of the charity are available and adequate to fulfil the obligations of the Charity. They are also satisfied that the accounts comply with current statutory requirements and with the Trust Deed.

Reserves policy

In accordance with guidelines issued by the Charity Commission the level of reserves is considered and reviewed at regular intervals by the trustees. The trustees have previously adopted a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity, should be broadly equivalent to 12 months of expenditure. This level of reserves has been set because of the unknown impact on future years of COVID-19 and inflation. For the current year this would equate to £791,291, the current free reserves of the charity are £946,892 (note 15).

Under the Trust Deed, the charity has the power to invest any surplus liquid funds as the directors/trustees see fit. The charity has had a policy of keeping such funds in short and medium term deposits which allows the charity to access the funds rapidly.

PRESTON BETHANY CARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Risk Review

The director/trustees recognise the crucial role that they fulfil in minimising risks to the charity and the community they serve.

During 2021-22 the director/trustees used the Charity Commission (CC) guidance to continue with their risk mitigation of PBC risks: The review identified a variety of risks and the associated mitigations, the most significant finding/conclusions are summarised below:

Identification and mitigation of major risks:

PRESTON BETHANY CARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 2nd October 2010 and registered as a charity in February 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its articles of association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

The company was formed to take the assets and responsibility for management of the residential care home Bethany House. This was previously operated for many years by Preston Bethany Trust, a charity founded in March 1981. On 1st April 2011 the assets and responsibility for management of Bethany House was transferred from Preston Bethany Trust to Preston Bethany Care, and subsequently Preston Bethany Trust was removed from the Charity Commission register of charities.

The trustees who served during the year were:

Trustees who are also directors for the purpose of company law: Ms J Kay (Chairperson) Mr A Wright Mr S Henderson (Treasurer) Dr P Johns Mrs G Nixon-Smith Miss S Etherington Mr M Passmore

Appointment of Trustees

The existing trustees are approaching charities in the local area to promote an awareness of Preston Bethany Care in the search for new trustees. A short video has been produced explaining the care Preston Bethany Care provides and what it means to be a trustee.

Trustees are elected to serve for a period of three years after which they must be re-elected. All trustees give their time voluntarily and receive no benefit from the charity.

Trustee induction and training

On appointment new trustees are inducted in the workings of the charity and provided with a directors pack which has the last accounts and minutes of trustee meetings. Information on the role and responsibilities of a trustee is given by provision of appropriate Charity Commission information. All trustees receive a DBS check prior to taking up responsibilities.

The trustees' report was approved by the Board of Trustees.

Ms J Kay (Chairperson) Trustee

Dated: 25 August 2022

PRESTON BETHANY CARE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESTON BETHANY CARE

I report to the trustees on my examination of the financial statements of Preston Bethany Care (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Julie Flintoff BA (Hons) FCA 1st Floor Capital House

8 Pittman Court Pittman Way Fulwood Preston Lancashire PR2 9ZG

Dated: 25 August 2022

PRESTON BETHANY CARE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations, legacies
and grants
2
1,588
43,804
Charitable activities
3
719,666
-
Investments
4
2,756
-
Total income
724,010
43,804
Expenditure on:
Charitable activities
5
747,487
43,804
Gross transfers
between funds
-
-
Net (expenditure)/income
for the year/
Net movement in funds
(23,477)
-
Fund balances at 1
April 2021
1,376,129
-
Fund balances at 31
March 2022
1,352,652
-		 Total Unrestricted
funds
2022
2021
£
£
45,392
13,002
719,666
793,234
2,756
4,662
767,814
810,898
791,291
731,475
-
21,355
(23,477)
100,778
1,376,129
1,275,351
1,352,652
1,376,129		 Restricted
funds
2021
£
65,907
-
-
65,907
44,552
(21,355)
-
-
-		 Total
2021
£
78,909
793,234
4,662
876,805
776,027
-
100,778
1,275,351
1,376,129

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PRESTON BETHANY CARE

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Intangible assets
9
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds-general
Designated funds
15
General unrestricted funds		 2022
£
£
474
405,286
405,760
13,457
975,844
989,301
(42,409)
946,892
1,352,652
405,760
946,892
1,352,652
1,352,652		 2021
£
£
523
417,694
418,217
4,967
1,001,918
1,006,885
(48,973)
957,912
1,376,129
418,217
957,912
1,376,129
1,376,129		 2021
£
£
523
417,694
418,217
4,967
1,001,918
1,006,885
(48,973)
957,912
1,376,129
418,217
957,912
1,376,129
1,376,129
418,217
957,912
1,376,129
1,376,129
1,376,129

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 25 August 2022

Mr S Henderson (Treasurer) Trustee

Company Registration No. 07394756

PRESTON BETHANY CARE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
21
Investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
£
(23,108)
(5,722)
2,756
(2,966)
-
(26,074)
1,001,918
975,844		 2021
£
£
116,828
(10,895)
4,662
(6,233)
-
110,595
891,323
1,001,918

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Preston Bethany Care is a private company limited by guarantee incorporated in England and Wales. The registered office is Bethany House, Gamull Lane, Preston, Lancashire, PR2 6TQ, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used.

1.4 Income

Incoming resources from charitable activities comprise resident fees accounted for in the period to which the service is provided. Fees paid for care after the year end are carried forward as deferred income.

Voluntary income received by way of donations is included in incoming resources on a receivable basis.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants receivable are recognised on a performance basis when all conditions have been fulfilled.

Investment income in the form of bank interest is credited when receivable.

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered.

The expenditure on charitable activities includes the costs of running the home, support and governance costs which have been allocated to the only charitable activity which is the provision of care to residents of Bethany House.

Governance costs comprise all costs including the public accountability of the charity and it's compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with trustee insurance.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trade marks 10% Straight line

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The trustees do not apply a minimum value on items that will be recognised as fixed assets. The trustees review the fixed assets and the general decor of the home on a quarterly basis and implement a policy of repairs or replacement as necessary in the best interests of the charity.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings Over the life of the lease
Plant and equipment 15% Straight Line
Fixtures and fittings 20% Reducing Balance
Computers 33.3% Straight Line
Furniture and equipment 20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash at bank

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity only has financial assets (debtors, cash and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. They are initially recognized at transaction value and subsequently measured at their settlement value.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12 Retirement benefits

The company operates a defined contribution scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions are charged as an expense as they fall due.

1.13 Value added tax

VAT is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.

2 Donations, legacies and grants

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
155
-
Job Retention Scheme
1,433
-
Other government grants
-
43,804
1,588
43,804
For the year ended 31 March 2021
13,002
65,907		 Total
2022
£
155
1,433
43,804
45,392		 Total
2021
£
800
12,202
65,907
78,909
78,909

3 Charitable activities

2022 2021
£ £
Residential fees 719,666 793,234

4 Investments

Interest receivable

2022 2021
£ £
2,756 4,662

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Charitable activities

Staff costs
Depreciation, amortisation and loss on dispoal of fixed assets
Food & consumables
Heat & light
Rates
Rest home insurance
Registration & other fees
Telephone
Printing, postage, stationery & advertising
Repairs & renewals
Motor expenses
Miscellaneous
Gardening
Clinical waste
Quality assurance costs
Training
Bank charges
Governance costs:
Accountancy
Independent examination/audit
Legal and professional
Trustee insurance
Analysis by fund
Unrestricted funds - general
Restricted funds
For the year ended 31 March 2021
Unrestricted funds - general
Restricted funds		 2022
£
632,530
18,179
43,235
29,539
6,631
7,511
7,422
1,190
3,983
17,326
287
1,661
3,215
5,065
4,403
159
60
5,656
2,600
-
639
791,291
747,487
43,804
791,291		 2021
£
619,908
20,340
54,995
15,235
7,111
4,429
4,219
1,156
3,969
17,109
176
6,024
2,320
5,754
3,598
934
32
4,702
2,600
1,020
396
776,027
731,475
44,552
776,027

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Insurance premiums during the year amounting to £639 (2021: £396) were incurred by the charity in respect of indemnity insurance for the trustees.

The charity has not met any individual expenses incurred by the trustees for services provided by the charity during the year.

7 Employees

Number of employees

The average monthly number of employees during the year was:

Management and administration
Catering
Care assistants/nurses
Pastoral care
Employment costs
Wages and salaries
Other pension costs		 2022
Number
3
5
30
1
39
2022
£
616,535
15,995
632,530		 2021
Number
3
5
30
1
39
2021
£
603,578
16,330
619,908

There were no employees whose annual remuneration was £60,000 or more.

8 Auditor's remuneration

The analysis of auditor's remuneration is as follows:

Audit/independent examination
Accountancy services
Other services including payroll		 2022
£
2,600
3,472
2,184
8,256		 2021
£
2,600
2,518
2,184
7,302

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9
Intangible fixed assets
Trade
Cost
At 1 April 2021 and 31 March 2022
Amortisation and impairment
At 1 April 2021
Amortisation charged for the year
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021		 marks
£
670
147
49
196
474
523

Total £ 815,254 5,722 820,976 397,560 18,130 415,690 405,286 417,694
Computers Furniture and equipment £
£		 26,794
3,779		 -
-		 26,794
3,779		 22,777
3,626		 2,617
153		 25,394
3,779		 1,400
-		 4,017
153
Fixtures and fittings £ 161,747 3,254 165,001 139,220 6,720 145,940 19,061 22,527
Plant and equipment £ 101,242 2,468 103,710 95,026 2,563 97,589 6,121 6,216
Leasehold land and buildings £ 521,692 - 521,692 136,911 6,077 142,988 378,704 384,781
Tangible fixed assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation and impairment At 1 April 2021 Depreciation charged in the year At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021
10

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

11
Debtors
Amounts falling due within one year:
Prepayments and accrued income
12
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income
13
Deferred income
Residents Fees Received In Advance		 2022
£
13,457
2022
£
6,914
35,495
42,409
2022
£
17,455		 2021
£
4,967
2021
£
7,715
41,258
48,973
2021
£
27,915

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at
1 April 2021 resources expended
31		 March 2022
£ £ £ £
LCC Infection Control fund - 22,957 (22,957) -
LCC Covid Support grant - 692 (692) -
LCC Testing fund - 15,522 (15,522) -
LCC Workforce capacity fund - 4,633 (4,633) -
- 43,804 (43,804) -

Restricted funds include the following grants which were received to support the care home throughout the COVID-19 pandemic:

LCC Infection Control fund - this was granted for the purpose of additional staffing costs, recruitment and PCR testing. All funds were used in the year.

LCC COVID Support grant - This was received to cover any reasonable administration costs associated with organising COVID-19 or Flu vaccinations. All funds were spent in the year.

LCC Testing fund - This was received for the purposes of training staff for Lateral Flow Device testing and the staff and testing area costs associated with this. All funds were used in the year.

Workforce Capacity fund - This was received to aid them to deliver measures which meant additional staffing and to maintain safe care and support safe admission and discharge of residents.

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

15
Unrestricted funds
Balance at 1
April 2021
Incoming
resources
Resources
expended
£
£
£
General reserves
957,912
724,010
(729,308)
Designated reserves:
Fixed asset fund at cost
418,217
-
(18,179)
1,376,129
724,010
(747,487)		 Transfers Balance at 31
March 2022
£
£
(5,722)
946,892
5,722
405,760
-
1,352,652		 Transfers Balance at 31
March 2022
£
£
(5,722)
946,892
5,722
405,760
-
1,352,652
1,352,652

The general reserve is the free reserves of the charity after allowing for all designated funds.

The designated fixed asset fund is the value of the unrestricted funds represented by the tangible and intangible assets of the charity.

The resources expended represents the annual depreciation charge, amortisation charge, and the disposal of the fixed assets.

The transfer from the free reserves arises when funds are spent on fixed assets.

16 Analysis of net assets between funds

Fund balances at 31
March 2022 are
represented by:
Intangible fixed assets
Tangible assets
Current assets/
(liabilities)		 General
reserves
Designated
reserves
2022
2022
£
£
-
474
-
405,286
946,892
-
946,892
405,760		 Total
2022
£
474
405,286
946,892
1,352,652		 General
reserves
Designated
reserves
2021
2021
£
£
-
523
-
417,694
957,912
-
957,912
418,217		 Total
2021
£
523
417,694
957,912
2022
£
-
-
946,892
946,892		 2021
£
-
-
957,912
957,912
1,376,129

17 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate compensation 46,139 44,879

PRESTON BETHANY CARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18 Taxation

The charity is exempt from tax on its charitable activities.

19 Company limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of members in the event of a winding up is limited to £10 per member.

20 Analysis of changes in net funds

The charity had no debt during the year.

21
Cash generated from operations
(Deficit)/surpus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
(Decrease)/increase in creditors
Cash (absorbed by)/generated from operations		 2022
£
(23,477)
(2,756)
18,179
(8,490)
(6,564)
(23,108)		 2021
£
100,778
(4,662)
20,340
(347)
719
116,828