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||||||||Pages|
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|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|
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|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|||
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|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|
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|||||||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|
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|||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|
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||||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|
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||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|
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|||||||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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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||||||||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|
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