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|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||||
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|||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|
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|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|
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||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|
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|||||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|
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|||||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|
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|||||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|
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||||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|
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|Freehold
land and buildings|150years|
|---|---|
|Property improvements|5years|
|Fixtures and fittings|4years|
|Computers|3years|
|Motor vehicles|4years|
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||||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|
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|||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|
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||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|
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||||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||
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|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|
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|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|
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|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|
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|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|
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||||||Purchase|ofgoods|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|f|
|Bookkeeping|services|and|administrative|duties|20,937|25,880|
||||||20,937|25,880|
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|||||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||||