2022-12-31-accounts

							Pages
Trustees' annual report (incorporating				the	director's	report)	1 to 12
Independent	auditor's	report to the members					13to 16
Statement	of financial	activities	(including		income and
expenditure	account)						17
Statement	of financial	position					18
Statement	of cash flows						19
Notes to the financial		statements					20to 31

Reference	and adm	inistrative	inistrative	details
Registered	charity	name		Pilton House Trust
Charity registration		number		1154226
Company	registration		number	08582100
Principal office and		registered		Pilton House Residential	Care Home
office				Pilton House
				Pilton Street
				BARNSTAPLE
				Devon
				EX31 1PQ
The trustees				Mr M Norris
				Ms I M Hockin
				Mrs J L Hunt
				Mrs JCoates
Auditor				Westcotts (SW) LLP
				Chartered Accountants	& Statutory	Auditors
				47 Boutport Street
				Barnstaple
				Devon
				EX31 1SQ

Year ended 31 Dece	mber 202	2
				2022		2021
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	2	2	2
Income and endowments
Donations and legacies Charitable activities		5 6	2,903 1,159,379	33,354	36,257 1,159,379	50,843 1,046,196
Investment income		7	4,379		4,379	4,292
Other income		8	819		819	866
Total income			1,167,480	33,354	1,200,834	1,102,197
Expenditure Expenditure on charitable	activities	9,10	1,156,478	26,322	1,182,800	1,117,049
Total expenditure			1,156,478	26,322	1,182,800	1,117,049
Net (losses)/gains on investments		12	(24,302)		(24,302)	20,419
Net (expenditure)/income movement in funds	and net		(13,300)	7,032	(6,268)	5,567
Reconciliation offunds
Total funds brought forward			1,253,174	3,000'	1,256,174	1,250,607
Total funds carried forward			1,239,874	10,032	1,249,906	1,256,174

						2022	2021
					Note	2	2
Fixed assets
Tangible fixed assets					16	935,502	947,340
Investments					17	178,256	208,389
						1,113,758	1,155,729
Current assets
Debtors					18	20 548	7,676
Cash at bank	and	in	hand			147,038	126,759
						167,586	134,435
Creditors: amounts			falling	due within one year	19	31,438	33,990
Net current assets						136,148	100,445
Total assets	less	current		liabilities		1,249,906	1,256,174
Net assets						1,249,906	1,256,174
Funds ofthe charity
Restricted funds						10,032	3,000
Unrestricted	funds					1,239,874	1,253,'174
Total charity	funds				22	1,249,906	1,256,174

		2022	2021
		f
Cash flows from operating activities Net (expenditure)/income		(6,268)	5,567
Adjustments for: Depreciation of tangible fixed assets Net (losses)/gains on investments Other interest receivable and similar income		14,767 24,302 (4,379)	15,707 (20,419) (4,292)
Accrued income		(2,566)	(156)
Changes in: Trade and other debtors		(12,872)	11,539
Trade and other creditors		14	(12,168)
Cash generated from operations		12,998	(4,222)
Interest received		4,379	4,292
Net cash used in operating activities		17,377	70
Cash flows from investing activities
Purchase of tangible assets Purchases of other investments		(2,929) (4,719)	(41,983)
Proceeds from sale of other investments		10,550	46,848
Net cash from investing activities		2,902	4,865
Net increase in cash and cash equivalents Cash and cash equivalents at beginning	ofyear	20,279 126,759	4,935 121,824
Cash and cash equivalents at end of year		147,038	126,759

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
					2
Donations
Donations			2,036	2,650	4,686
Grants
Grants				8,204	8,204
Government	grant	income	867	22,500	23,367
			.2,903	33,354	36,257
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
					2
Donations
Donations			2,031	3,000	5,031
Grants
Grants
Government	grant	income		45,812	45,812
			2,031	48,812	50,843

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
			2	2	2
	Residents	fee income	1,159,379	1,159,379	1,046,196	1,046,196
7.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
				2	2	2
	Bank interest receivable		198	198
	Investment	dividends	4,181	4,181	4,291	4,291
			4,379	4,379	4,292	4,292
8.	Other income

		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2022	Funds		2021
				2	2
Parking	fees	800		800	820		820
Sundry	income	19		19	46		46
		819		819	866		866

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	2	9	2
Direct service provision Support costs	1,135,529 20,949	26,322	1,161,851 20,949
	1,156,478	26,322	1,182,800
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
Direct service provision Support costs	1,050,791 20,446	45,812	1,096,603 20,446
	1,071,237	45,812	1,117,049

						Activities
						undertaken		Total funds	Total fund
						directly Support costs		2022	2021
						2		2	2
	Direct service			provision		1,161,851	20,949	1,182,800	1,117,049
11.	Analysis	of support costs
							Charitable
							activities	Total 2022	Total 2021
							2	2
	Auditors'	remuneration					4,723	4,723	4,273
	Bookkeeping Investment		management		costs		14,400 1,826	14,400 1,826	14,360 1,813
							20,949	20,949	20,446
12.	Net (losses)/gains on				investments
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2022	Funds	2021
						2	2	2
	Gains/(losses)			on listed	investments	(24,302)	(24,302)	20,419	20,419

Net (expenditure)/incom	Net (expenditure)/incom	e
Net (expenditure)/i'ncome		is stated after charging/(crediting):
			2022	2021
			9
Depreciation	of tangible	fixed assets	14,767	15,707

			2021	2020
Wages and Salaries			825,500	777,370
Social security costs			58,889	45,342
Employer contributions	to pension	plans	15,662	13,185
			900,051	835,897

of full-time	equivalent employees during the yea	r is analysed as follows:
		2022	2021
		No.	No.
Charitable	activities	31	28

Tangible fixed assets
	Freehold	Fixtures and
	property	fittings	Equipment	Total
				2
Cost
At 1 January 2022 Additions	950,000	37,213 2,198	37,220 731	1,024,433 2,929
At 31 December 2022	950,000	39,411	37,951	1,027,362
Depreciation At 1 January 2022 Charge for the year	28,216 9,218	23,668 2,361	25,209 3,188	77,093 14,767
At 31 December 2022	37,434	26,029	28,397	91,860
Carrying amount At 31 December 2022	912,566	13,382	9,554	935,502
At 31 December 2021	921,784	13,545	12,011	947,340

Investments
	Listed
	investments
	2
Cost or valuation
At 1 January 2022 Additions	208,389 4,719
Disposals Fair value movements	(10,550) (24,302)
At 31 December 2022	178,256
Impairment
At 1 January 2022 and 31 December 2022
Carrying amount At 31 December 2022	178,256
At 31 December 2021	208,389

Debtors
			2022	2021
			8	8
Trade debtors			16,369	5,003
Prepayments	and accrued income		4,179	2,673
			20,548	7,676
Creditors: amounts		falling due within one year
			2022	2021
			2
Payments received on account			711	612
Trade creditors			11,535	11,359
Accruals and deferred		income	5,015	7,581
Social security	and other taxes		11,017	11,958
Other creditors			3,160	2,480
			31,438	33,990

The amounts	recognised in the financi	al statements for governm	ent grants are as follo	ws:
			2022	2021
			8
Recognised	in income from donations	and legacies:
Government	grants income		23,367	45,812

		At				Gains and	At
		1 Jan 2022	Income	Expenditure	Transfers	losses tt	Dec 2022
General funds Dementia Care		319,586 2,397	1,161,296	(1,145,414) (82)		(24,302)	311,166 2,315
Investment
dividends Property Amenities	Fund	9,407 921,784	4,148 2,036	(9,218) (1,764)			13,555 912,566 272
		1,253,174	1,167,480	(1,156,478)		(24,302)	1,239,874
		At				Gains and	At
		1 Jan 2021	Income	Expenditure	Transfers	losses 31	Dec 2021
						2
General funds Dementia Care		1,237,901 2,397	1,047,328	(1,063,361)	(922,701)	20,419	319,586 2,397
Investment
dividends Property Amenities	Fund	9,475 834	4,026 2,031	(4,094) (3,782)	921,784 917		9,407 921,784
		1,250,607	1,053,385	(1,071,237)		20,419	1,253,174

Restricted funds
	At				Gains and	At
	1 Jan 2022	Income	Expenditure	Transfers	losses 31	Dec 2022
	2		2	2	2
Dementia Care		5,503	(818)	(360)	' —	4,325
Government
Grants		24,500	(22,793)			1,707
Property
Maintenance	3,000	2,751	(1,751)			4,000
Staff		600	(960)	360
	3,000	33,354	(26,322)			10,032
	At				Gains and	At
	1 Jan 2021	Income	Expenditure	Transfers	losses 31	Dec 2021
		8		2
Dementia Care
Government
Grants		45,812	(45,812)
Property
Maintenance		3,000				3,000
Staff
		48,812	(45,812)			3,000

							Unrestricted	Restricted	Restricted	Total Funds
							Funds		Funds	2022
										2
	Tangible fixed Investments	assets					935,502 178,256			935,502 178,256
	Current assets						157,554		10,032	167,586
	Creditors less than		1	year			(31,438)			(31,438)
	Net assets						1,239,874		10,032	1,249,906
							Unrestricted	Restricted		Total Funds
							Funds		Funds	2021
							2			2
	Tangible fixed Investments	assets					947,340 208,389			947,340 208,389
	Current assets						131,435		3,000	134,435
	Creditors less than		1	year			(33,990)			(33,990)
	Net assets						1,253,174		3,000	1,256,174
24.	Analysis of changes			in net debt
										At
							At 1 Jan 2022	Cash	flows	31 Dec 2022
									2	2
	Cash at bank and		in hand				126,759		20,279	147,038
25.	Operating lease commitments
	The total future	minimum			lease payments	under	non-cancellable operating		leases are as follows: 2022 2021
									f	2
	Not later than 1 year Later than 1 year and not				later than 5 years				22,890 57,015	22,890 79,905
									79,905	102,795