| Trustees | Mrs BSeal | (Appointed | 15March 2022) | ||
|---|---|---|---|---|---|
| Mr D Owen | |||||
| Mr P Davies | |||||
| Mr D Eccleston | |||||
| Mr A Givens | |||||
| Mr 0 Loudon | |||||
| Mrs M Stark | |||||
| Clerk tothe Trustees | Mrs E Mallender | ||||
| Charity number | 1161904 | ||||
| Company number | 08966275 | ||||
| Registered | ofgce | 53 Lillington | Road | ||
| Leamington | Spa | ||||
| Warwickshire | |||||
| CV32 6LD | |||||
| Auditor | Burgis &Bullock | ||||
| 23-25Waterloo Place | |||||
| Warwick Street | |||||
| Leamington | Spa | ||||
| Warwickshire | |||||
| CV32 SLA | |||||
| Bankers | Handelsbanken | ||||
| 40 Holly Walk | |||||
| Leamington | Spa | ||||
| CV32 4HY | |||||
| lnvestmsnt | advisors | Evelyn Partners | |||
| 9Colmore Row | |||||
| Birmingham | |||||
| B32BJ |
| Page | ||
|---|---|---|
| Trustees' report |
1-9 | |
| Statement oftrustees' | responsibilities | 10 |
| Independent auditor's |
report | 11-14 |
| Consolidated statement |
offinancial activities | 15 |
| Consolidated balance sheet |
16 | |
| Company balance sheet |
17 | |
| Consolidated statement |
ofcash flows | 18 |
| Notes tothe financial statements | 19-33 |
| Key financialsi | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| No. | No. | |||
| Average number | Permanent | residents | 16 | |
| Number of Respite stays | 120 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| Income from Charitable | Activities | 693,890 | 698,743 |
| Investment Income |
120,526 | 107,968 | |
| Total Income | 814,416 | 806,711 | |
| Total Expenditure | 1,057,755 | 989,611 |
| 2022 | 2021 | |
|---|---|---|
| E | E | |
| Portfolio value | 5,085,832 | 4,917,819 |
| Investment Income |
120,526 | 107,968 |
| Geographical asset allocation". |
36 | |
| UK Equities | 28 | 29 |
| Overseas Equities | 38 | 36 |
| Alternative and Multi-Asset |
19 | 16 |
| Fixed interest | 11 | 15 |
| Cash | 4 | 5 |
| Unrestricted | Endowment | Total | Unrestricted Endowment |
Unrestricted Endowment |
Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| Notes | f | E | f | E | E | ||||
| Income a d endowments | om | ||||||||
| Donations and |
|||||||||
| fundraising | 3 | 33,842 | 33,842 | 55,535 | 55,535 | ||||
| Charitable activities |
4 | 660,048 | 660,048 | 643,208 | 643,208 | ||||
| investments | 5 | 120,526 | 120,526 | 107,968 | 107,968 | ||||
| Total income | 814,416 | 814,416 | 806,711 | 806,711 | |||||
| ~ECh | |||||||||
| Raising funds | 6 | 9,354 | 14,273 | 23,627 | 8,438 | 12,088 | 20,526 | ||
| Charitable activities |
7 | 1,034,12S | 1,034,128 | 969,085 | 969,085 | ||||
| Total expenditure | 1,043,482 | 14,273 | 1,057,755 | 977,523 | 12,088 | 989,611 | |||
| Net gains/(losses) | on | ||||||||
| investments | 12 | 52,310 | 238,872 | 291,182 | 353,539 | 570,156 | 923,695 | ||
| Gross transfers | |||||||||
| between funds | (37,307) | 37,307 | |||||||
| Net movement | in funds | (176,756) | 224,599 | 47,843 | 145,420 | 595,375 | 740,795 | ||
| Fund balances | at | 1April | 2021 | 3,482,637 | 2,881,339 | 6,363,976 | 3,337,217 | 2,285,964 | 5,623,181 |
| Fund balances | at | 31March | |||||||
| 2022 | 3,305,881 | 3,105,938 | 6,411,819 | 3,482,637 | 2,881,339 | 6,363,976 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | E | f | ||||
| Fixed assets | ||||||
| Tangible assets | 13 | 1,166,896 | 1,192,471 | |||
| Investments | 14 | 5,085,832 | 4,917,819 | |||
| 6,252,728 | 6,110,290 | |||||
| Current assets | ||||||
| Debtors | 16 | 32,574 | 36,381 | |||
| Cash at bank | and in hand | 319,822 | 352,630 | |||
| 352,396 | 389,011 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 17 | (193,305) | (135,325) | |||
| Net current assets | 159,091 | 253,686 | ||||
| Total assets | less current liabilities | 6,411,819 | 6,363,976 | |||
| Capital funds | ||||||
| Endowment | funds | —general | 1& | 3,105,938 | 2,881,339 | |
| Income funds | ||||||
| Unrestricted | funds | 3,305,881 | 3,482,637 | |||
| 6,411,819 | 6,363,976 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | E | E | |||
| Fixed assets | |||||
| Tangible assets | 13 | 1,166,896 | 1,192,471 | ||
| Investments | 14 | 1,976,836 | 2,033,764 | ||
| 3,143,732 | 3,226,235 | ||||
| Current assets | |||||
| Debtors | 16 | 32,574 | 36,381 | ||
| Cash at bank | and in | hand | 319,822 | 352,630 | |
| 352,396 | 389,011 | ||||
| Creditors: amounts | falling due within | ||||
| one year | 17 | (190,247) | (132,709) | ||
| Net current assets | 162,149 | 256,302 | |||
| Total assets less current liabilities | 3,305,881 | 3,482,537 | |||
| Income funds | |||||
| Unrestricted | funds | 3,305,881 | 3,482,537 | ||
| 3,305,881 | 3,482,537 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | E | 6 | ||||
| Cash flows from operating | activities | |||||
| Cash absorbed by operations |
21 | (276,501) | (267,665) | |||
| Investing activities | ||||||
| Purchase oftangible fixed | assets | (17,660) | ||||
| Purchase ofinvestments | (378,902) | (878,535) | ||||
| Proceeds on disposal ofinvestments | 520,400 | 901,240 | ||||
| Investment income received |
120,526 | 107,968 | ||||
| Net cash (used in)/generated | from | |||||
| investing activities |
262,024 | 113,013 | ||||
| Net cash used in financing | activities | |||||
| Net decrease in cash and | cash equivalents | (14,477) | (154,652) | |||
| Cash and cash equivalents | at | beginning ofyear | 549,249 | 703,901 | ||
| Cash and cash equivalents | at | end ofyear | 534,772 | 549,249 | ||
| Relating to: | ||||||
| Cash at bank and in hand | 319,822 | 352,630 | ||||
| Short term deposits included |
in current | |||||
| asset investments | 214,950 | 196,619 |
| Freehold land and buildings |
150years |
|---|---|
| Property improvements | 5years |
| Fixtures and fittings | 4years |
| Computers | 3years |
| Motor vehicles | 4years |
| Unrestricted | Unrestdcted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| f | f | |||
| Donations | and | gifts | 4,327 | 4,216 |
| Grants | 29,515 | 51,319 | ||
| 33,842 | 55,535 |
| Fees for | Fees for |
|---|---|
| residential | residential |
| care | care |
| 2022 | 2D21 |
| f | f |
| 660,048 | 643,208 |
| Unrestdcted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| Z022 | 2021 | ||
| f | f | ||
| Income | from listed investments | 119,352 | 107,025 |
| Interest | receivable | 1,174 | 943 |
| 120,526 | 107,968 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| general | general | |||||
| 2022 | 2021 | 2021 | ||||
| f | f. | f | ||||
| Investment | ||||||
| 9,354 | 14,273 | 23,627 | 8,438 | 12,088 | 20,526 | |
| 9,354 | 14,273 | 23,627 | 8,438 | 12,088 | 20,526 |
| ResidentiaIResidential | ResidentiaIResidential | |||
|---|---|---|---|---|
| care | care | |||
| 2022 | 2021 | |||
| E | E | |||
| Staff costs | 574,716 | 541,603 | ||
| Agency fees | 110,849 | 127,836 | ||
| Food and household | 45,115 | 45,010 | ||
| Activities | 841 | 766 | ||
| Repairs and maintenance | 84,771 | 84,994 | ||
| Garden | 5,441 | 1,638 | ||
| insurance | 14,827 | 8,585 | ||
| Rates and utilities | 34,928 | 48,362 | ||
| 871,488 | 858,794 | |||
| Grant funding of | activities (see | note 8) | 40,000 | |
| Share ofsupport | &governance | costs (see note 9) | 122,640 | 110,291 |
| 1,034,128 | 969,085 |
| Residential | Residential | ||
|---|---|---|---|
| care | care | ||
| 2022 | 2021 | ||
| 6 | f | ||
| Grants to | institutions; | ||
| Dementia | UK | 40,000 |
| Support co | st | s | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | |||
| costs | costs | cos'ts | costs | |||||
| f | f | f | f | f | ||||
| Staff costs | 27,420 | 27,420 | 26,252 | 26,252 | ||||
| Depreciation | 25,575 | 25,575 | 22,044 | 22,044 | ||||
| Bookkeeping | gr | |||||||
| administrative | duties | 20,937 | 20,937 | 25,880 | 25,880 | |||
| Overheads | 40,813 | 40,813 | 24,051 | 24,051 | ||||
| Covid costs | 140 | 140 | 5,993 | 5,993 | ||||
| Audit fee | 7,320 | 7,320 | 5,792 | 5,792 | ||||
| Trustee expenses | 435 | 435 | 279 | 279 | ||||
| 114,885 | 7,755 | 122,640 | 104,220 | 6,071 | 110,291 | |||
| Analysed between |
||||||||
| Charitable | activities | 114,885 | 7,755 | 122,640 | 104,220 | 6,071 | 110,291 |
| The number ofemployees per month, on th |
e basis offull-time equivalents by analysed functi |
ons, was: |
|---|---|---|
| 2022 | 2021 | |
| Number | Number | |
| Direct | 18 | 18 |
| Support | 2 | 2 |
| Total | 20 | 20 |
| Employment costs |
2022 | 2021 |
|---|---|---|
| E | E | |
| Wages and salaries | 534,306 | 504,363 |
| Social security costs | 39,105 | 35,369 |
| Other pension costs | 29,137 | 28,123 |
| 602,548 | 567,855 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| general | general | ||||||||
| 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| E | E | E | f | E | |||||
| Revaluation | of | ||||||||
| investments | 50,152 | 224,959 | 275,111 | 4,823 | 533,096 | 537,919 | |||
| Gain/{loss) | on | sale | of | ||||||
| investments | 2,158 | 13,913 | 16,071 | 348,716 | 37,060 | 385,776 | |||
| 52,310 | 238,872 | 291,182 | 353,539 | 570,156 | 923,695 |
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| 14 | FIxed asset investments | |||
|---|---|---|---|---|
| GROUP | ||||
| Usted | Cash in | Total | ||
| investments | portfolio | |||
| Cost orvaluation | ||||
| At 1April 2021 | 4,721,198 | 196,621 | 4,917,819 | |
| Additions | 378,902 | 378,902 | ||
| Valuation changes |
291,182 | 291,182 | ||
| Cash movement | 18,329 | 18,329 | ||
| Disposals | (520,400) | (520,400) | ||
| At 31March 2022 | 4,870,882 | 214,950 | 5,085,832 | |
| Carrying amount | ||||
| At 31March 2022 | 4,870,882 | 214,950 | 5,085,832 | |
| At31March 2021 | 4,721,198 | 196,621 | 4,917,819 | |
| COMPANY | ||||
| Listed | Cash in | Total | ||
| investments | portfolio | |||
| Cost orvaluation | ||||
| At 1April 2021 | 1,930,&65 | 102,899 | 2,033,764 | |
| Additions | 83,968 | 83,968 | ||
| Valuation changes |
52,310 | 52,310 | ||
| Cash movement | (52,359) | (52,359) | ||
| Disposals | (140,847) | (140,847) | ||
| At 31March 2022 | 1,926,296 | 50,540 | 1,976,836 | |
| Carrying amount | ||||
| At 31March 2022 | 1,926,296 | 50,540 | 1,976,836 | |
| At31March 2021 | 1,930,865 | 102,899 | 2,033,764 |
| Financial instruments | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Carrying amount of | financial assets | ||||||
| instruments measured |
at fair value through | profit or loss | 4,870,882 | 4,721,198 | |||
| Debtors | |||||||
| Group | Company | ||||||
| 2022 | 2021 | 2022 | 2021 | ||||
| f | f | f | f | ||||
| Trade debtors | 9,051 | 14,949 | 9,051 | 14,949 | |||
| Other debtors | 12,724 | 10,961 | 12,724 | 10,961 | |||
| Prepayments and accrued income |
10,799 | 10,471 | 10,799 | 10,471 | |||
| 32,574 | 36,381 | 32,574 | 36,381 | ||||
| Creditors: amounts | falling due within one | year | |||||
| Group | Company | ||||||
| 2022 | 2021 | 2022 | 2021 | ||||
| f | f | f | f | ||||
| Other taxation and social security | 10,943 | 9,680 | 10,943 | 9,680 | |||
| Trade creditors | 34,471 | 40,869 | 34,471 | 40,869 | |||
| Other creditors | 11,171 | 10,311 | 11,171 | 10,929 | |||
| Accruals and deferred | income | 136,720 | 74,465 | 133,662 | 71,231 | ||
| 193,305 | 135,325 | 190,247 | 132,709 |
| Analysis ofnet assets | between funds |
- GROUP | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| f | f | f | f | f | ||
| Fund balances at31 | ||||||
| March 2022 are | ||||||
| represented by: |
||||||
| Tangible assets | 1,166,896 | 1,166,896 | 1,192,471 | 1,192,471 | ||
| Investments | 1,976,836 | 3,108,996 | 5,085,832 | 2,033,764 | 2,884,055 | 4,917,819 |
| Current | ||||||
| assets/(liabilities) | 162,149 | (3,058) | 159,091 | 256,402 | (2,716) | 253,686 |
| 3,305,881 | 3,105,938 | 6,411,819 | 3,482,637 | 2,881,339 | 6,363,976 |
| 2022 | 2021 |
|---|---|
| f | f |
| 139,821 | 142,204 |
| Purchase | ofgoods | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | f | |||||
| Bookkeeping | services | and | administrative | duties | 20,937 | 25,880 |
| 20,937 | 25,880 |
| Amounts owed to related |
Amounts owed to related |
||||
|---|---|---|---|---|---|
| parties | |||||
| 2022 | 2021 | ||||
| f | f | ||||
| Bookkeeping services and administrative | |||||
| duties | 1,771 | 1,676 | |||
| 1,771 | 1,676 | ||||
| 21 | Cash generated from operations |
2022 | 2021 | ||
| f | f | ||||
| Surplus for the year | 47,843 | 740,795 | |||
| Adjustments for: |
|||||
| Investment income |
recognised | in statement offinancial activities | (120,526) | (107,968) | |
| Gain on disposal of | investments | (16,071) | (385,776) | ||
| Fair value gains and | losses on | investments | (275,111) | (537,919) | |
| Depreciation and impairment |
oftangible fixed assets | 25,575 | 22,044 | ||
| Movements in working capital: |
|||||
| Decrease in debtors | 3,809 | 5,963 | |||
| Increase/(decrease) | in creditors | 57,980 | (4,804) | ||
| Cash absorbed by operations |
(276,501) | (267,665) | |||
| 22 | Analysis ofchanges | in net funds |