2023-06-30-accounts

					Page
Governors' report					1-6
Independent Auditor's	report				7-10
Statement of Financial	Activities	(incorporating	the Income and Expenditure	Account)
Balance sheet					12
Statement ofcash flows
Notes to the financial	statements				14 —28

Elected governors	Elected governors	The Rt Hon the Earl	ofAylesford	ofAylesford	(Chairman)	(Chairman)
		The Rt Hon Viscount	Daventry
		Sir William Dugdale	Bt
		J Evans OBE
		M C Fetherston-Dilke
		Mrs N Hammett
		Mrs C Hopkinson
		R Macpherson (appointed		20 July 2022)
		Mrs C Matthews
		Mrs C Sawdon JP (resigned 2 November				2022)
Ex-officio	governor	The Rt Revd The Lord Bishop of Birmingham					(retired 18October 2022)
Governors	nominated	M Adlington (retired	20 July 2022)
by Solihull	MBC	D Bell
		Councillor A Burrow
Master		The Revd D Collins	(appointed		18July 2023)
		The Revd K Lloyd-Roberts		(retired 30September 2022)
Bailiff		Mrs SWoodman ACA
Care manager		Mr S Blancaflor

Year ended 30Jun	Year ended 30Jun	e 2023	e 2023
Charity registration		number		1146710
Company	registration		number	07890553
Registered	office			Temple House
				Temple Balsall
				Knowle
				Solihull
				B93OAN
Auditor				Dafferns LLP
				Chartered Accountants				and Statutory			Auditor
				One Eastwood
				Harry Weston Road
				Binley Business		Park
				Coventry
				CV3 2UB
Bankers				HSBC Bank pic
				130New Street
				Birmingham
				B24JU
Solicitors				Wright Hassall	LLP
				Olympus Avenue
				Leamington Spa
				Warwickshire
				CV34 6BF
investment	managers			Sarasin & Partners			LLP
				Juxon House
				100St. Paul's Churchyard
				London
				EC4M 8BU
				Property Income		Trust for			Charities
				Mayfair Capital	Investment				Management			Limited
				55 Wells Street
				London
				WIT 3PT
				Charities Property			Fund
				Savills Investment			Management
				33 Margaret Street
				London
				WIG OJD
				CCLA Investment		Management				Limited
				Senator House
				85Queen Victoria			Street
				London
				EC4V4ET

Year ended 30June 2023
					Total	Total
		Unrestricted	Restricted	Endowment	funds	funds
	Note	funds E	funds	funds f	2023 f.	2022 f.
Income from:
Donations and legacies Charitable activities		7,833 1,492,325	24,258		32,091 1,492,325	38,675 1,333,187
Other trading activities Investments		1,660 233,583		123,702	1,660 357,285	1,085 314,081
Other income		12,012			12,012	96,658
Allocated to income from
unapplied total return		123,702		(123,702)
Total income		1,871,115	24,258		1,895,373	1,783,686
Expenditure on:
Property management Charitable activities	10 11	(214,920) (1,524,896)	(1,883) (4,292)		(216,803) (1,529, 188)	(216,739) (1,452,268)
Total expenditure		(1,739,816)	(6,175)		(1,745,991)	(1,669,007)
Net income/(expenditure) before investment gains		131,299	18,083		149,382	114,679
and losses
Net gains/(losses) on investments	19, 20	10,514		(58,808)	(48,294)	(345,827)
Net income/(expenditure) after losses on		141,813	18,083	(58,808)	101,088	(231,148)
investments
Transfers between funds	25	977	(977)
Net movement in funds	25	142,790	17,106	(58,808)	101,088	(231,148)
Reconciliation offunds:
Total funds brought forward	25	3,332,579	21,764	18,501,072	21,855,415	22,086,563
Total funds carried	25	3,475,369	38,870	18,442,264	21,956,503	21,855,415
forward

					2023	2022
				Note
Fixed assets
Tangible assets Investments				18 19	4,224,648 15,725,681	4,150,335 15,775,537
Current assets					19,950,329	19,925,872
Investments Stocks Debtors Cash at bank and	in hand			20 21 22	1,062,093 1,909 115,732 1,206,858	860,531 1,854 119,345 1,352,662
					2,386,592	2,334,392
Creditors: amounts		falling	due
within one year				23	(380,418)	(404,849)
Net current assets					2,006,174	1,929,543
Net assets					21,956,503	21,855,415
Charity funds
Permanent endowment Restricted funds Unrestricted funds:				25 25	18,442,264 38,870	18,501,072 21,764
- Income and expenditure -Designated funds			fund	25 25	1,918,254 1,557,115	1,780,559 1,552,020
					3,475,369	3,332,579
				26	21,956,503	21,855,415

			2023	2022
		Note		E,
Cash flow from operating activities		27	(168,447)	(238,949)
Net cash flow from operating	activities		(168,447)	(238,949)
Cash flow from investing activities Tangible fixed assets acquired Transfer offunds to higher rate savings Interest received			(134,642) (200,000) 32,583	(68,430) 2,133
Dividends received			164,539	163,877
Rents received from investment properties			160,163	148,071
Net cash flow from investing	activities		22,643	245,651
Net decrease in cash and cash equivalents			(145,804)	6,702
Cash and cash equivalents	at 1July 2022		1,352,662	1,345,960
Cash and cash equivalents	at 30June 2023		1,206,858	1,352,662
Cash and cash equivalents	consist of:
Cash at bank and in hand			1,206,858	1,352,662
Cash and cash equivalents	at 30June 2023		1,206,858	1,352,662

Income from donations and legacies
	2023	2022
	f
Donations	25,691	13,175
Legacies	6,400	25,500
	32,091	38,675

	2023	2022
Residential care Sheltered accommodation	1,170,258 100,518	1,196,476 64,276
Respite care	199,089	62,551
Domiciliary care Qther income	18,937 3,523	6,638 3,246
	1,492,325	1,333,187

		2023	2022
Dividend	and interest income	197,122	166,010
Rental income		160,163	148,071
		357,285	314,081

							Endowment	Unapplied	Permanent
							fof	total	endowment
							investment	return	investments
							f.		f.
At 1 July 2022							2,351,462	1,763,110	4,114,572
Movements
Investment	income							123,702	123,702
Gains / (losses)								(58,808)	(58,808)
								64,894	64,894
Unapplied	total	return allocated		to income				(123,702)	(123,702)
Net movement		in the reporting		period				(58,808)	(58,808)
Total value of permanent 30June 2023			endowment		investments	at	2,351,462	1,704,302	4,055,764

nalysis ofexp	enditure on charita	ble activities
		Activities
		undertaken	Support	Total	Total
		directly	costs	2023	2022
Care home
Provision ofcare services		1,283,938	142,557	1,426,495	1,333,382
Routine maintenance		62,625		62,625	66,016
Major repairs					8,580
		1,346,563	142,557	1,489,120	1,407,978
Support for:
St Mary's Church		32,833		32,833	32,909
Lady Katherine	Leveson School	7,235		7,235	11,381
		1,386,631	142,557	1,529,188	1,452,268

Support costs
	2023	2022
Master's salary (part)	5,198	13,828
Management	85,132	54,706
Administration	9,143	8,728
Insurance	24,202	26,513
Governance (see note 13)	18,881	20,604
	142,557	124,379
Governance costs
	2023	2022
	F
Audit and accountancy	11,628	14,100
Bailiffs salary (part)	7,253	6,504
	18,881	20,604

nalysis of net incomi	ng resourc	es
		Properties		Other
		and	Care home	charitable
		investments	activities	activities f	Total f.
Income:
Donations and legacies		1,883	19,125	11,083	32,091
Rental and other
investment income		357,285			357,285
Charitable activities			1,492,325		1,492,325
Other income		2,819	10,853		13672
Total income		361,987	1,522,303	11,083	1,783,686
Expenditure:
Raising funds —property management		(216,803)			(216,803)
Charitable activities			1,489,120
Total expenditure		(216,803)	(1,489,120)	(40,068)	(1,745,991)
Net income		145,184	33,183	(28,985)	149,382
Notional rent payable care home	by	238,050	(238,050)
Total		383,234	(204,867)	(28,985)	149,382

						2023		2022
Master,	Bailiff,	and care	Manager				2		3
Care assistants,		kitchen,	manual	and other administration	staff		42		41
							44

Total staff costs and employee benefits were as	follows:
	2023	2022
Wages and salaries	1,008,523	976,545
Social security costs	60,666	54,102
Pension costs	19,634	18,011
	1,088,823	1,048,658

Fixed as	se	t investments
			Permanent	Permanent	Unrestricted
			endowment	endowment	fund
			properties	investments	investments	Total
			f.	f.
Valuation
At 1 July	2022		10,461,500	4,114,572	1,199,465	15,775,537
Change in		market value		(58,808)	8,952	(49,856)
At 30June		2023	10,461,500	4,055,764	1,208,417	15,725,681
Investments		at fair value	comprise:
					2023	2022
Investment		properties			10,461,500	10,461,500
Property	trusts				352,696	438,197
Income and growth funds					4,911,485	4,875,840
					15,725,681	15,775,537

At 1 July	2022	860,531
Transfer	offunds to higher rate savings	200,000
Change	in market value	1,562
At 30June 2023		1,062,093
Cost		776,111

21	Stocks
					2023	2022
	Food, cleaning	and laundry			1,909	1,854
					1,909	1,854
22	Debtors
					2023f	2022
	Residents' contribution			arrears	16,966	9,330
	Rent arrears				19,537	43,938
	Prepayments Other debtors	and accrued income			39,093 40,136	46,935 19,142
					115,732	119,345
23	Creditors: amounts		falling due within one year
					2023	2022
	Trade creditors Other tax and social security Accruals Other creditors Residents' contribution in advance Related party creditor (see note 31)				65,353 20,255 161,666 58,474 69,988 4,682	61,574 16,964 156,109 108,433 57,839 3,930
					380,418	404,849

Operating leases Total future minimum lease payments under non-cancellable	operating leases are as follo	ws:
	2023	2022
	f.
Not later than one year Later than one and not later than five years Later than five years	7,262 24,830 5,438	5,515 20,089 9,108

Restricte	d	funds
			Balance
			at1 July 2022 F	Income F		Expenditure		Transfers F		Gains j (losses) F	Balance at 30 June 2023 F
Donation	reserve		21,764		24,258		(6,175)		(977)			38,870
			21,764		24,258		(6,175)		(977)			38,870
Donations		reserve	represents donations		received	less expenditure		incurred in line		with donors' wishes.
Unrestricted		funds
			Balance							Unrealised		Balance at
			at 1July							Gains I		30June
			2022	Income F			Expenditure		Transfers	(losses) F		2023 F
Income and
expenditure Designated:	fund		1,780,559		1,871,115		(1,739,816)		(99,023)	5,419		1,818,254
Property
improvements Lady Cadbury			850,000						100,000			950,000
bequest Barbara Leonard			310,729							2,319		313,048
bequest Major repair	reserve		180,760 210,531							1,214 1,562		181,974 212,093
			3,332,579	1,671,115			(1,746,016)		977	10,514		3,475,169

Permanent	endowm	ent
			Allocated to
		Balance at	income from
		1 July 2022 Income	unapplied total return f.	Gains / (losses)	Balance at 30June 2023 f
Endowment	funds	18,501,072 123,702	(123,702)	(58,808)	18,442,264
		18,501,072 123,702	(123,702)	(58,808)	18,442,264
Analysis	of net assets between funds
		Permanent	Restricted	Unrestricted
		endowment	funds	funds f	Total f.
Fixed assets Investments Current assets		3,925,000 14,517,264	38,870	299,648 1,208,417 2,347,722	4,224,648 15,725,681 2,386,592
Current	liabilities			(380,418)	(380,418)
Total		18,442,264	38,870	3,475,369	21,956,503

Reconciliation of net income to net ca	sh flow from operating	activities
		2023	2022
		E
Net income for year Dividends received Interest receivable Rental income Depreciation and impairment oftangible (Gains)/losses on investments Loss on disposal oftangible fixed assets (Increase)/decrease in stock (Increase)/decrease in debtors Increase/(decrease) in creditors	fixed assets	101,088 (164,539) (32,583) (160,163) 55,061 48,294 5,269 (55) 3,613 (24,432)	(231,148) (163,877) (2,133) (148,071) 53,792 345,827 1,294 (224) (34,220) (60,189)
Net cash flow from operating activities		(168,447)	(238,949)