## ## ## |Trustees|||Dr A Kumar|||| |---|---|---|---|---|---|---| ||||Mrs CJ Moir|||| ||||Mr P Whiteman|||| ||||Mr R Erskine||(Appointed|28September| ||||||2022)|| ||||Mrs S Davis||(Appointed|28September| ||||||2022)|| ||||Mr P J ETracy||(Appointed|26 July 2023)| |Charity number|||1152372|||| |Company|number||08462149|||| |Principal|address||Manor Court|||| ||||Manor Court Road|||| ||||Nuneaton|||| ||||Warwickshire|||| ||||CV115HU|||| |Registered||office|1The Courtyard|||| ||||Goldsmith
Way|||| ||||Eliot Park|||| ||||Nuneaton|||| ||||Warwickshire|||| ||||CV10 7RJ|||| |independent||examiner|Burgis & Bullock|||| ||||1The Courtyard|||| ||||Goldsmith
Way|||| ||||Eliot Park|||| ||||Nun eaton|||| ||||Warwickshire|||| ||||CV10 7RJ|||| |Solicitors|||Clarke Willmott|LLP||| ||||138|||| ||||Edmund
Street|||| ||||Birmingham|||| ||||West Midlands|||| ||||B32ES|||| ## ## |||||Page| |---|---|---|---|---| |Trustees'
report||||1-7| |Independent|examiner's||report|| |Statement of|financial|activities||9-11| |Balance sheet||||12-13| |Statement of|cash flows|||14| |Notes to the accounts||||15-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial|year|||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds||| ||||2023|2023|2023|2022| |||Notes||f|f|f| |Income from:||||||| |Donations|||320||320|49,346| |Charitable
activities||||||| |ResidentiaI care|||684,201||684,201|636,992| |Investments|||45,314||45,314|42,309| |Total income|||729,835||729,835|728,647| |Ex enditure on:||||||| |Raising funds|||6,547||6,547|4,290| |Charitable
activities||||||| |Residential
care|costs||819,566||819,566|694,400| |COVI0-19 costs||||||48,779| |Total charitable|expenditure||819,566||819,566|743,179| |Total expenditure|||826,113||826,113|747,469| |Net gains/(losses)|on investments|10||||203,020| ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds||| |||||2023|2023|2023|2022| ||||Notes|f|f||| |Net (outgoing)/incoming|||resources before transfers|{96,278)||(96,278)|184,198| |Gross transfers|between||funds|517|(517)||| |Net {outgoing)/incoming|||resources|(95,761)|(517)|(96,278)|184,198| |Other recognised||gains|and losses||||| |Revaluation
of|tangible||fixed assets||||137,501| |Net movement|in|funds||(95,761)|(517)|(96,278)|321,699| |Fund balances|at|1April|2022|1,842,260|517|1,842,777|1,521,078| |Fund balances|at|31March 2023||1,746,499||1,746,499|1,842,777| ## ## |Prior financial year|Prior financial year|||||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| |||||funds|funds|| |||||2022|2022|2022| ||||Notes|f|f|f| |Income from:||||||| |Donations||||50|49,296|49,346| |Charitable
activities||||||| |Residential
care||||636,992||636,992| |Investments||||42,309||42,309| |Total income||||679,351|49,296|728,647| |Ex enditure on:||||||| |Raising funds||||4,290||4,290| |Charitable
activities||||||| |Residential
care|costs|||694,400||694,400| |COVID-19costs|||||48,779|48,779| |Total charitable|expenditure|||694,400|48,779|743,179| |Total expenditure||||698,690|48,779|747,469| |Net gains/(losses)|on investments||10|203,020||203,020| |Net (outgoing)/incoming||resources before transfers||183,681|517|184,198| |Net (outgoing)/incoming||resources||183,681|517|184,198| |Other recognised|gains|and losses||||| |Revaluation
oftangible||fixed assets||137,501||137,501| |Net movement
in funds||||321,182|517|321,699| |Fund balances at|1April|2021||1,521,078||1,521,078| |Fund balances at|31March 2022|||1,842,260|517|1,842,777| ## ## ## |||||2023|2022| |---|---|---|---|---|---| ||||Notes||| |Fixed assets|||||| |Tangible assets|||12|649,362|662,916| |Investment|property||13|525,000|525,000| |||||1,174,362|1,187,916| |Current assets|||||| |Debtors|||14|74,463|66,569| |Cash at bank and in||hand||544,622|619,951| |||||619,085|686,520| |Creditors: amounts||falling due within|||| |one year||||(46,948)|(31,659)| |Net current|assets|||572,137|654,861| |Total assets|less current liabilities|||1,746,499|1,842,777| |Income funds|||||| |Restricted funds|||17||517| |Unrestricted|funds||||| |General unrestricted||funds||1,608,998|1,704,759| |Revaluation|reserve|||137,501|137,501| |||||1,746,499|1,842,260| |||||1,746,499|1,842,777| ## ## ## ## ## ## ## ||||2023||2022|| |---|---|---|---|---|---|---| |||Notes|f||f|| |Cash flows from operating|activities|||||| |Cash absorbed
by operations||20||(120,643)||(73,704)| |Investing activities||||||| |Purchase oftangible
fixed|assets||||(10,706)|| |Investment
income received|||45,314||42,309|| |Net cash generated
from|investing|||||| |activities||||45,314||31,603| |Net cash used in financing|activities|||||| |Net decrease
in cash and|cash equivalents|||(75,329)||(42,101)| |Cash and cash equivalents|at beginning|ofyear||619,951||662,052| |Cash and cash equivalents|at end ofyear|||544,622||619,951| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2023|2022| |||||E| ||Rental income||42,175|41,697| ||Interest receivable||3,139|612| ||||45,314|42,309| |5|Raising funds|||| ||||2023|2022| ||Investment|management|6,547|4,290| ||||6,547|4,290| ## ## ||||Residential|Residential|COVID-19|Total| |---|---|---|---|---|---|---| ||||care costs|care costs|costs|2022| ||||2023|2022|2022|| ||||f|f|f|| |Staff costs|||531,411|467,103|45,439|512,542| |Depreciation
and impairment|||13,554|13,283||13,283| |Residents facilities|||11,605|11,874|3,340|15,214| |Provisions
and consumable||stores|37,386|28,568||28,568| |Rates and water|||2,188|1,997||1,997| |Light and heat|||25,684|28,021||28,021| |Repairs and maintenance|||90,469|45,524||45,524| |Insurance|||15,933|13,663||13,663| |Cleaning
and laundry|||9,931|6,585||6,585| |Licences and fees|||4,361|5,562||5,562| |Office sundries|||13,613|9,802||9,802| |Training and expenses|||1,772|4,786||4,786| |Utility hire|||13,941|13,229||13,229| |Garden and Maintenance|||21,338|18,101||18,101| |Residents entertainment|||1,205|1,640||1,640| |Staff expenses|||621|1,579||1,579| |Telephone|||3,803|3,267||3,267| ||||798,815|674,584|48,779|723,363| |Share ofsupport costs (see note 7}|||16,611|14,890||14,890| |Share ofgovernance|costs (see note 7}||4,140|4,926||4,926| ||||819,566|694,400|48,779|743,179| |Analysis
by fund||||||| |Unrestricted
funds|||819,566|694,400||694,400| |Restricted funds|||||48,779|48,779| ## ## ## ## |Support|co|sts||||||| |---|---|---|---|---|---|---|---|---| ||||Support|Governance|2023|Support|Governance|2022| ||||costs|costs||costs|costs|| ||||f|f|f|f|f|| |Staff costs|||11,272||11,272|9,657||9,657| |Secretarial||fees|1,561||1,561|1,489||1,489| |Professional||and HR||||||| |costs|||3,778||3,778|3,744||3,744| |Legal and|professional|||540|540||1,500|1,500| |Independent||examiners||||||| |fee||||3,600|3,600||3,426|3,426| ||||16,611|4,140|20,751|14,890|4,926|19,816| |Analysed|between|||||||| |Charitable|activities||16,611|4,140|20,751|14,890|4,926|19,816| ## ## ## ## ## ## |Employment
costs|2023|2022| |---|---|---| ||f|f| |Wages and salaries|515,651|490,569| |Social security costs|39,446|35,297| |Other pension costs|7,942|7,421| ||563,039|533,287| ## |||||Total|Unrestricted| |---|---|---|---|---|---| ||||||funds| |||||2023|2022| |||||f|f| |Revaluation|of|investment|properties||203,020| ## ## ## ## ## |Tangible fixed assets|Tangible fixed assets|||||| |---|---|---|---|---|---|---| ||||Land and|Property|Fixtures, fittings|Total| ||||buildings|improvements|&equipment|| ||||f||f|| |Cost or valuation||||||| |At 1April 2022|||575,000|99,553|28,206|702,759| |At 31March|2023||575,000|99,553|28,206|702,759| |Depreciation|and impairment|||||| |At 1April 2022||||18,360|21,483|39,843| |Depreciation|charged|in the year|8,625|3,248|1,681|13,554| |At 31March|2023||8,625|21,608|23,164|53,397| |Carrying amount||||||| |At 31March|2023||566,375|77,945|5,042|649,362| |At 31March|2022||575,000|81,193|6,723|662,916| ## ## ## ## ## ## |14|Debtors|||||| |---|---|---|---|---|---|---| ||||||2023|2022| ||Amounts
falling due|||within one year:|f|| ||Trade debtors||||54,611|45,782| ||Prepayments|and accrued income|||19,852|20,787| ||||||74,463|66,569| |15|Creditors: amounts||falling due within one year|||| ||||||2023|2022| ||||||f|f| ||Trade creditors||||15,472|6,669| ||Other creditors||||12,884|3,533| ||Accruals and|deferred||income|18,592|21,457| ||||||46,948|31,659| ## ## ## ## ## |||||Balance at|Transfers|Balance at| |---|---|---|---|---|---|---| ||||1|April 2022||S1March 202$| |WCC|COVID-19|support||517|(517)|| |||||51?|(517)|| |18|Analysis of|net assets|between funds|||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| ||||f|f|f|f|f|f| ||Fund balances at 31|||||||| ||March 2023 are|||||||| ||represented|by:||||||| ||Tangible assets||649,362||649,362|662,916||662,916| ||Investment|properties|525,000||525,000|525,000||525,000| ||Current|||||||| ||assets/(liabilities}||572,137||572,137|654,344|517|654,861| ||||1,746,499||1,746,499|1,842,260|517|1,842,777| |2023|2022| |---|---| |f|f| |44,794|41,599| ## ## ## |20|Cash generated
from operations||||2023|2022| |---|---|---|---|---|---|---| ||||||f|f| ||(Deficit)/surpus
for the year||||(96,278)|184,198| ||Adjustments
for:|||||| ||Investment
income recognised
in statement||offinancial|activities|(45,314)|(42,309)| ||Fair value gains and losses on investment|properties||||(203,020)| ||Depreciation
and impairment
oftangible|fixed assets|||13,554|13,283| ||Movements
in working capital:|||||| ||(Increase)/decrease
in debtors||||(7,894)|2,184| ||Increase/(decrease)
in creditors||||15,289|(28,040)| ||Cash absorbed
by operations||||(120,643)|(73,704)| |21|Analysis ofchanges
in net funds|||||| ||The Trust had no debt during the year.||||||