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|Trustees||Mr BBennett|||
|---|---|---|---|---|
|||Mr A Llddiard|||
|||Mrs R Sinclair|(Appointed|20 July 2022)|
|||JSalmon|(Appointed|29 March 2023)|
|Charity number||1152655|||
|Company|number|08565062|||
|Registered|ofAce|Great Munden|||
|||Near Ware|||
|||Hertfordshlre|||
|||SG11 1JD|||
|Auditor||Moore NHC Audit Limited|||
|||First Floor|||
|||73-75 High Street|||
|||Stevenage|||
|||Herffordshire|||
|||SG1 3HR|||
|Bankers||NatWest Bank pic|||
|||43 High Street|||
|||Hoddesdon|||
|||Hertfordshire|||
|||EN11 6HE|||
|||Cazenove|||
|||1 London Wall Place|||
|||London|||
|||EC2Y 5AU|||
|Solicitors||Nlithers
LLP|||
|||Third Floor|||
|||20 Old Bailey|||
|||London|||
|||EC4M 7AN|||
|Investment|advisors|Schroder &Co. Limited|||
|||12Moorgate|||
|||London|||
|||EC2R 6DA|||
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|||Page|
|---|---|---|
|Trustees'report|||
|Statement ofTrustees'|responsibilities||
|Independent
auditor's|report|7-9|
|Statement
offlnandal|activities|to|
|Balance sheet|||
|Statement
ofcash flows||12|
|Notes to the financial statements||13-22|
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||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds||funds|funds||
||||||2023|2023|2023|2022|2022|2022|
||||Notes|||E|E|E|E|E|
|n|n|owme||tsfro|||||||
|Donations
and|||||||||||
|legacies||||||11,373|11,373||1,717|1,717|
|Charlt~abls
gLIII(08|||||||||||
|Residential
care|||||||||||
|home||||3|1,827,133||1,827,133|1,611,553||1,811,553|
|Other trading|||||||||||
|activities|||||672||872|692||692|
|Investments|||||783||783|25||25|
|Other income|||||21,995||21,995|75,641||75,841|
|Total Income|||||1,850,583|11,373|1,861,956|1,687,911|1,717|1,689,628|
|~ggit~iur|on:||||||||||
|Raising funds|||||170||170||||
|Residential care|||||||||||
|home||||8|1,830,132||1,830,132|1,748,552||1,748,552|
|Total charitable|||||||||||
|expenditure|||||1,830,132||1,830,132|1,748,552||1,748,552|
|Totalexpendlture|||||1,830,302||1,830,302|1,748,552||1,748,552|
|Nst gains/(losses)|||on||||||||
|investments||||12|(3,835)||(3,835)|6,136||5,136|
|Net movement||ln|funds||16,446|11,373|27,819|(55,505)|1,717|(53,788)|
|Fund balances|at||1 April||||||||
|2022|||||3,297,656|8,741|3,306,397|3,353,161|7,024|3,360,185|
|Fund balances||at 31|||||||||
|March 2023|||||3,314,102|20,114|3,334,218|3,297,656|8,741|3,306,397|
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||||||2023|2022||
|---|---|---|---|---|---|---|---|
|||||Notes|f|f||
|Fixed assets||||||||
|Tangible assets||||14|2,920,205||2,986,251|
|Investments||||16|320,063||73,898|
||||||3,240,268||3,060,149|
|Current assets||||||||
|Debtors||||16|22,425|11,597||
|Cash at bank and in|hand||||165,627|358,980||
||||||188,052|388,577||
|Creditors: amounts|falling||due within|||||
|one year||||17|(94,104)|(122,329)||
|Net current assets|||||93,948||246,248|
|Total assets lees current liabilities|||||3,334,216||3,306,397|
|Income funds||||||||
|Restricted funds||||19|20,114||8,741|
|~Ur ~lgd funds||||||||
|Designated
funds||||20|2,920,205|2,986,251||
|General unrestricted|funds||||393,897|311,405||
||||||3,314,102||3,297,656|
||||||3,334,218||3,306,397|
||||||I03xi1I toft|||
|The financial statements||wer|approved|by the Trustees on .......................||||
|Mr 8
ennett||||Mr|Liddiard|||
|Trustee||||Trustee||||
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|f||6||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||||57,864||47,483|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||||(9,894)||
|Purchase|ofinvestments|||(250,000)||||
|Investment|income received|||783||25||
|Net cash|used In Investing|activities|||(249,217)||(9,869)|
|Net cash|used In financing|activities||||||
|Net (decrease)/Increase
In||cash and|cash|||||
|equivalents|||||(191,353)||37,614|
|Cash and|cash equivalents|at beginning|ofyear||356,980||319,366|
|Cash and|cash equivalents|at end of|year||165,627||356,980|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2022|
|||||||6|6|
||Shop income|||||672|B92|
|6|Investments|||||||
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||2023|2022|
||||||||6|
||Interest|receivable||||783|25|
|B|Other Income|||||||
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||2023
6|2022f|
||Government||grants|||21,995|75,641|
|7|Raising|funds||||||
|||||||Unrestricted|Total|
|||||||funds||
|||||||2023|2022|
|||||||6|6|
||da|ln|an|u|ici|||
||Advertising|||||170||
|||||||170||
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||||||||Residential|Residential|
|---|---|---|---|---|---|---|---|---|
||||||||care home|care home|
||||||||2023|2022|
||||||||f|f|
||Staff costs||||||1,297,750|1,207,505|
||Depredation
and||impairment||||86,047|65,676|
||Repairs and decorations||||||101,140|155,687|
||Food and|beverages|||||104,429|82,816|
||Household|and laundry|||||32,148|32,058|
||Travel expenses||||||33,919|26,881|
||Light and|heating|||||ee,eet|57,187|
||Telephone||||||13,495|15,795|
||Water||||||11,374|10,892|
||Insurance||||||38,386|34,589|
||Garden||||||11,917|11,430|
||Staff recruitment||and|training|||3,502|6,228|
||Ofecs expenses||||||24,668|15,769|
||Other expenses||||||6,032|9,210|
||Sad debt|expense||||||381|
||||||||1,813,666|1,732,082|
||Share ofgovernance|||costs (see note 9)|||16,466|16,470|
||||||||1,830,132|1,748,552|
|9|Support costs||||||||
||||||Support|Governance|2023|2022|
||||||costs|costs|||
||||||f|f|||
||Audit fees|||||9,400|9,400|9,394|
||Legal and|professional||||7,066|7,086|7,076|
|||||||16,466|16,466|16,470|
||Analyssd|between|||||||
||Charitable|activities||||16,466|16,466|16,470|
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|The average
monthly
number
ofemployees
during t|he year was:||
|---|---|---|
||2023|2022|
||Number|Number|
|||43|
|Employment
costs|2023f|2022f|
|Wages and salaries|1,186,457|1,100,324|
|Social security costs|89,429|86,230|
|Other pension costs|21,864|20,951|
||1,297,750|1,207,505|
|2023|2022|
|---|---|
|Number|Number|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023f|2022f|
|(3,835)|5,136|
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|14|Tangible fixed assets|Tangible fixed assets|||||
|---|---|---|---|---|---|---|
|||||Freehold|Plant and|Total|
|||||pfopeny|equipment||
|||||E|E||
||Cost||||||
||At 1 April 2022|||3,275,085|63,164|3,338,249|
||At 31 March|2023||3,275,085|83,164|3,338,249|
||Depreciation|and Impairment|||||
||At 1 April 2022|||326,570|25,427|351,997|
||Depreciation|charged|in the year|62,400|3,647|66,047|
||At 31 March|2023||388,970|29,074|418,044|
||Carrying
amount||||||
||At 31 March|2023||2,886,115|34,090|2,920,205|
||At 31 March|2022||2,948,514|37,737|2,986,251|
|16|Fixed asset|Investments|||||
|||||Usted|Cash In|Total|
|||||Invesbnents|porffollo||
|||||E|||
||Cost or valuation||||||
||At 1 April 2022|||73,897|1|73,898|
||Additions|||250,000|1,080|251,080|
||Valuation
changes|||(4,785)||(4,785)|
||Dlsposale|||(130)||(130)|
||At 31 March|2023||318,982|1,081|320,063|
||Carrying
amount||||||
||At 31 March|2023||318,982|1,081|320,083|
||At 31 March 2022|||73,897||73,898|
|16|Debtors|||||
|---|---|---|---|---|---|
|||||2023|2022|
||Amounts|falling due within one year:||E|E|
||Trade debtors|||1,250|907|
||Prepayments||and accrued Income|21,175|10,690|
|||||22,425|11,597|
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||||||||Movement|||Movement|Movement||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||In funds||||In funds||
|||||||Balance st|Income|||Balance st|Income|Balance at|
|||||||1 April 2021f||f|1|April 2022
f|f|31March 2023|
|Amenity|fund|||||7,024|1,717|||8,741|11,373|20,114|
|The Amenity||fund|represents|money received from fundralsing
on behalf||||||of residents|and is managed
for the||
|general|benefit of||afi residents|at|ths home.||||||||
|Designated||funds|||||||||||
|The income||funds|of the charity||indude|the following|designated|funds||which
have been set||aside out of|
|unrestricted||funds|by the trustees||for specific purposes;||||||||
||||||||Movement|||Movement|||
||||||||In funds||||In funds||
|||||||Balance at|Expenditure||Balance at||Expenditure|Balance st|
|||||||1 April 2021
f||f.|1|April 2022
f|f|31 March 2023
f|
|Designated||fund||||3,042,033|(55,782)||2,986,251||(66,048)|2,920,205|
|||||||3,042,033|(55,782)||2,986,251||(66,046)|2,920,205|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2023|2023|2023|2022|2022|2022|
||||8||f.|||
|Fund balances at 31||||||||
|March 2023|are|||||||
|represented|by;|||||||
|Tangible assets||2,920,205||2,920,205|2,986,251||2,986,251|
|Investments||311,322|8,741|320,063|65,157|8,741|73,898|
|Current
assets/(liabilities)||93,948||93,948|246,248||246,248|
|||3,325,475|8,741|3,334,216|3,297,656|8,741|3,308,397|
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||2023|2022|
|---|---|---|
||8|8|
|Within one year|7,718|11,866|
|Between two and five years||7,718|
||7,718|19,584|
|2023|2022|
|---|---|
|8|6|
|218,259|223,570|
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|24|Cash generated
from|operations|operations||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||E||
||Surplus/(deficit)
for the|year|||||27,818|(53,786)|
||Adjustments
for.||||||||
||Investment
income recognised||in statement||ofIlnandal|activities|(783)|(25)|
||Fair value gains and losses on||investments||||3,835|(5,136)|
||Depreciation
and impairment
oftangible|||fixed assets|||66,047|65,676|
||Movements
In working|capital:|||||||
||(Increase)/decrease
in|debtors|||||(10,828)|3,907|
||(Decrease)/increase
in|creditors|||||(28,225)|36,847|
||Cash generated
from|operations|||||57,864|47,483|
|26|Analysis ofchanges|In net funds|||||||
||The Charity had no debt during||the year.||||||