2023-03-31-accounts - James Hirons

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Trustees		Mrs BBeal
		Mr 0Owen
		Mr P Davies
		Mr D Eccleston
		Mr A Givens
		Mrs M Stark
		Mrs M Kirwan	(Appointed	16May 2023)
		Mrs N Sawdon	(Appointed	16May 2023)
Charity number		1161904
Company	number	08966275
Registered	office	53 Lillington Road
		Leamington Spa
		Warwickshire
		CV32 6LD
Auditor		Burgis Ik Bullock
		23-25 Waterloo Place
		Leamington Spa
		Warwickshire
		CV32 SLA
Bankers		Handelsbanken
		Myton House
		40 Holly Walk
		Leamington Spa
		CV32 4HY
Investment	advisors	Evelyn Partners
		9Colmore Row
		Birmingham
		B32BJ

				Page
Trustees' report				1-9
Statement of	trustees'	responsibilities		10
Independent	auditor's	report		11-15
Consolidated	statement	offinancial	activities	16-17
Group balance sheet				18
Balance sheet				19
Statement of	cash flows			20
Notes tothe financial statements				21-39

		March 2023	March 2022
		E	E
Income from Charitable	Activities	800,132	693,890
Investment Income		136,092	120,526
Total Income		936,332	814,416
Total Expenditure		1,243,887	1,057,755

		March 2023	March 2022
		E	6
Portfolio value		4,462,661	5,085,832
Investment	Income	136,092	120,526
Geographical	asset allocation:
UK Equities		26	28
Overseas Equities		44	38
Alternative	and Multi-Asset	19	19
Fixed interest		10	11
Cash		1	4

Finance	Finance	including	investments
Personnel	HR
Risk Management	Internal	controls,	risk management	and	compliance	systems ofthe Charity
Service Improvement	Quality	and Safety
IT	Information Technology/ Cyber Security/				Digital

			Unrestricted Endowment	Unrestricted Endowment	Total	Unrestricted Endowment	Unrestricted Endowment	Total
			funds	funds		funds	funds
						As restated	As restated	As restated
			2023	2023	2023	2022	2022	2022
		Notes	6	E		6	E	E
Income and endowments			from:
Donations and
fundraising		3	376		376	33,842		33,842
Charitable activities		4	799,756		799,756	660,048		660,048
Investments		5	136,092		136,092	120,526		120,526
Other income		6	108		108
Total income			936,332		936,332	814,416		814,416
~ttht
Raising funds		7	8,238	13,277	21,515	9,354	14,273	23,627
Charitable activities		8	1,194,237	28,135	1,222,372	1,009,902	24,226	1,034,128
Total expenditure			1,202,475	41,412	1,243,887	1,019,256	38,499	1,057,755
Net gains/(losses)
on investments		13	(151,554)	(228,357)	(379,911)	52,310	238,872	291,182
Net (outgoing)/incoming
resources before
transfers			(417,697)	(269,769)	(687,466)	(152,530)	200,373	47,843
Gross transfers
between funds		14	(58,643)	58,643
Net movement	in funds		(476,340)	(211,126)	(687,466)	(152,530)	200,373	47,843
As restated Fund balances
at 1April 2022			2,138,985	4,272,834	6,411,819	2,291,515	4,072,461	6,363,976
Fund balances	at31
March 2023			1,662,645	4,061,708	5,724,353	2,138,985	4,272,834	6,411,819

				2023	2022
					as restated
			Notes		E
Fixed assets
Tangible assets			15	1,197,404		1,166,896
Investments			16	4,462,661		5,085,832
				s,eeo,oes		6,252,728
Current assets
Debtors			18	37,560	32,574
Cash at bank	and in	hand		211,809	319,822
				249,369	352,396
Creditors: amounts		falling due within
one year			19	(185,081)	(193,305)
Net current assets				64,288		159,091
Total assets less current liabilities				5,724,353		6,411,819
Capital funds
Endowment	funds - general		20	4,061,708		4,272,834
Income funds
Unrestricted	funds			1,662,645		2,138,985
				5,724,353		6,411,819

						2023	2022
							as restated
				Notes			E
Fixed assets
Tangible assets				15		1,197,404		1,166,896
Investments				16		1,593,445		1,976,836
						2,790,849		3,143,732
Current assets
Debtors				18	37,560		32,574
Cash at bank	and in	hand			211,809		319,822
					249,369		352,396
Creditors: amounts		falling due within
one year				19	(180,169)		(190,247)
Net current assets						69,200		162,149
Total assets less current			liabilities			2,860,049		3,305,881
Capital funds
Endowment	funds - general			20		1,197,404		1,166,896
Income funds
Unrestricted	funds					1,662,645		2,138,985
						2,860,049		3,305,881
The financial	statements		were approved	by the Truste	s on .0	I../. LI/? OM
Mrs 8Beal				Mr	P Davies
Trustee				Trustee

				2023		2022
			Notes	6		E
Cash flows from operating	activities
Cash absorbed by operations					(428,722)		(276,501)
Investing acthdties
Purchase oftangible fixed	assets			(58,643)
Purchase of investments				(518,315)		(378,902)
Proceeds from disposal of	investments			576,083		520,400
Investment income received				136,092		120,526
Net cash generated from	investing
activities					135,217		262,024
Net cash used in financing	activities
Net decrease in cash and	cash equivalents				(293,505)		(14,477)
Cash and cash equivalents	at	beginning	ofyear		534,772		549,249
Cash and cash equivalents	at	end ofyear			241,267		534,772
Relating to:
Cash at bank and in hand					211,809		319,822
Short term deposits included		in current
asset investments					29,458		214,950

Freehold land and buildings	150years
Property improvements	5years
Fixtures and fittings	4years
Computers	3years
Motor vehicles	4years

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			E	E
Donations	and	gifts	376	4,327
Grants				29,515
			376	33,842

		Fees for	Fees for
		residential	residential
		care	care
		2023	2022
		f	f
	Resident fees	799,756	660,048
5	Investments
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		f
	Income from listed investments	135,698	119,352
	Interest receivable	394	1,174
		136,092	120,526
6	Other income
		Unrestricted	Total
		funds
		2023	2022
		f	f
	Other income	108

				Residential	Residential
				care	care
					As restated
				2023	2022
				E	E
Staff costs				583,232	483,S66
Depreciation	and	impairment		28,136	25,575
Food and household				59,824	45,115
Activities				1,826	841
Repairs and maintenance				70,991	78,431
Garden				8,441	5,441
Insurance				16,539	14,827
Rates and utilities				44,222	34,928
Agency fees				158,615	110,849
Miscellaneous				21,901	6,340
				993,727	805,913
Grant funding	of	activities (see note 9)			40,000
Share ofsupport		costs (see note 10)		220,088	180,460
Share ofgovernance			costs (see note 10)	8,557	7,755
				1,222,372	1,034,128
Analysis by fund
Unrestricted	funds			1,194,237	1,009,902
Endowment	funds -		general	28,135	24,226
				1,222,372	1,034,128

							Residential	Residential
							care	care
							2023	2022
							f	f
Grants to	institutions:
Dementia	UK							40,000
Support costs
			Support	Governance	2023	Support	Governance	2022
			CostS	COStS		costs	costs
						As restated		As restated
						E	E	f
Staff costs			134,878		134,878	118,570		118,570
Bookkeeping 8
administrative		duties	21,861		21,861	20,937		20,937
Overheads			63,349		63,349	40,813		40,813
Covid costs						140		140
Audit fees				7,700	7,700		7,320	7,320
Trustees'	expenses			857	857		435	435
			220,088	8,557	228,645	180,460	7,755	188,215
Analysed	between
Charitable	activities		220,088	8,557	228,645	180,460	7,755	188,215

The number ofemployees	by analysed functions, was:	by analysed functions, was:
	2023	2022
	Number	Number
Direct	17	18
Support	2	2
Total	19	20
Employment costs	2023	2022
	f	f
Wages and salaries	627,175	533,894
Social security costs	54,980	39,105
Other pension costs	35,955	29,137
	718,110	602,136

			Unrestricted	Unrestricted	Endowment	Total Unrestricted	Total Unrestricted	Endowment	Total
			funds		funds		funds	funds
					general			general
			2023		2023	2023	2022	2022	2022
				f	f	f	f.	f	f
Revaluation	of
investments			(138,834)		(214,189)	(353,023)	50,152	224,959	275,111
Gain/(loss)	on sale	of
investments			(12,720)		(14,168)	(26,888)	2,158	13,913	16,071
			(151,554)		(228,357)	(379,911)	52,310	238,872	291,182
Net gains/(losses)		on	investments	-Parent charitable		company
				Unrestricted		Total		Unrestricted	Total
					funds			funds
					2023	2023		2022	2022
					f	f		f	f
Revaluation	of
investments					(138,834)	(138,834)		50,152	50,152
Gain/(loss)	on sale	of
investments					(12,720)	(12,720)		2,158	2,158
					(151,554)	(151,554)		52,310	52,310

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	Listed	Cash in	Total
	investments	portfolio
	6
Cost orvaluation
At 1April 2022	4,870,882	214,950	5,085,832
Additions	518,315		518,315
Valuation changes	(379,911)		(379,911)
Cash movement		(185,492)	(185,492)
Disposals	(576,083)		(576,083)
At 31March 2023	4,433,203	29,458	4,462,661
Carrying amount
At 31March 2023	4,433,203	29,458	4,462,661
At 31March 2022	4,870,882	214,950	5,085,832

	Fixed asset investments	-Parent chadtable	company
				Usted	Cash in
				investments	portfolio
				6
	Cost or valuation
	At 1April 2022			1,926,296	50,540	1,976,836
	Additions			119,292		119,292
	Valuation changes			(151,554}		(151,554)
	Cash movement				(35,393)	(35,393)
	0isposals			(315,736)		(315,736)
	At31March 2023			1,578,298	15,147	1,593,445
	Carrying amount
	At 31March 2023			1,578,298	15,147	1,593,445
	At 31March 2022			1,926,296	50,540	1,976,836
17	Financial instruments
					2023	2022
					6	6
	Carrying amount offinancial assets (Group)
	Instruments measured	at fair value through	profit or loss		4,433,203	4,870,882
	Carrying amount offinancial assets (Company)
	Instruments measured	at fair value through	profit or loss		1,578,298	1,926,296

Debtors			Group	Parent charitable	company
		2023	2022	2023	2022
Amounts falling due	within one year:		6	6	6
Trade debtors		8,107	9,051	8,107	9,051
Other debtors		13,252	12,724	13,252	12,724
Prepayments and accrued income		16,201	10,799	16,201	10,799
		37,560	32,574	37,560	32,574
Creditors: amounts falling due within one year
			Group	Parent charitable	company
		2023	2022	2023	2022
			6	6	6
Other taxation and social security		13,934	10,943	13,934	10,943
Trade creditors		47,224	34,471	47,224	34,471
Other creditors		8,590	11,171	8,590	11,171
Accruals and deferred	income	115,333	136,720	110,421	133,662
		185,081	193,305	180,169	190,247

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					As restated	As restated
		Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
		funds	funds		funds	funds
		2023	2023		2022	2022	Z0ZZ
		E	f		E		E
Fund balances at31
March 2023	are
represented	by:
Tangible assets			1,197,404	1,197,404		1,166,896	1,166,896
Investments		1,593,445	2,869,216	4,462,661	1,976,836	3,108,996	5,085,832
Current
assets/(liabilities)		69,200	(4,912)	64,288	161,747	(2,656)	159,091
		1,662,645	4,061,708	5,724,353	2,138,583	4,273,236	6,411,819

		2023	2022
		E
Aggregate	compensation	147,428	139,821

					Purchase	ofgoods
					2023	2022
						f
Bookkeeping	services	and	administrative	duties	21,861	20,937
					21,861	20,937

				Amounts	owed	related
					parties
					2023	2022
					f	f
Bookkeeping	services	and	administrative
duties				2,290		1,771
				147,428		139,821

23	Cash generated from operations			2023	2022
					As restated
	(Deficit)/surpus forthe year			(687,466)	47,843
	Adjustments for;
	Investment income recognised in statement	offinancial	activities	(136,092)	(120,526)
	Loss/(gain) on disposal of investments			26,888	(16,071)
	Fair value gains and losses on investments			353,023	(275,111)
	Depreciation and impairment oftangible fixed assets			28,136	25,575
	Movements in working capital:
	(Increase)/decrease in debtors			(4,987)	3,809
	(Decrease)/increase in creditors			(8,224)	57,980
	Cash absorbed by operations			(428,722)	(276,501)
24	Analysis ofchanges in net funds