##
##
##
##
|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|per month,|on the basis offull time equivalents|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|
##
|||||M
Ol|M
III
00|ID
Oil|Cll
00
Ol|0|ID|
|---|---|---|---|---|---|---|---|---|---|
|||«I'||CI
III
III|«F
N
ifl|00
N|N
ID
M|Ol||
|Jl||||||||||
|S||||||||||
|L|W|||||||||
|||ID||ID
C!|ID
Ct|||||
|||||N|||N|||
|ll||||||||||
|'ll $|W|M
ID
Ch||Cil
ID
Oi|N||m
IO
OI|||
|||I
CI|||CI
N||0
N|||
||W|M|M||||CI|||
|||Cfl|||||r|||
|||00|00
Ill||«I|0|N
ID|||
|tC f
&E||OO
Cl
O0
f«
«||000
00|8
0
N|O
0
00|00
CI
O|000
CIN|ClO
CI
00|
##
##
##
##
##
||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|
##
##
||5
IUV|||O4 D}I«|O4 D}I«|W||Ca
Ifl
IO
00
hr||CO
Ch|Cr
r
u1
CI|IU
+0
+||IUO.0
D.||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||N|||||||||||
||Itl|||||||||||||||
||I0IJ
Ia
C
IU|||O
)|g
'Cl
«0|||rillm
CO|||Ifl
Ifl
00ft
f«|Fl
"8
«-
C
IU||I
Ol
Ql
000||
|||DC||||||||||E||00c||
||Ja|v||||||||||||O||
||C
raV
N
L"|Ill
i
4-0||||||||||QOC
4I
ID
C||||
||«-|ra||||||r||Ih
Ifl|f«|||'O||
|||||||||m||00||0C||Itl|C|
||O
Ql
0
00
,E
Irl|N
ClN
Irl
c
o
c|'lr|wg||W||CC
m
Ch
Ifl
O
m||to
th
00
IO
IO|m
00
r|0C
0
Ql
Ql||c
4l
Oi
~
v
IU
Ia|Ol
E
V
0
CQ
c
L
al
)0|
||Itl
Ql|N||||||f«
00|||IXI|||0
0|Irl|
||E
O
C|0
L0||||||CO
m|||00
rrlf«|O||v
C
4I|C
ra
LI
Cl|
||Cl
IJ
Ql
+|c
Ol
ro
+
0
IOV||Ii'g
I Ll||W||m
Ihr||rv
rti||IUiIa0
Cl.
0
C
C||p
c
o|+
~
ra'0|
||||'0|sv
«||W||01
rrl
Ifl||||D||N
UI
Ia|0
IJ
IJ|
||Ia|||||||CO
CO||Ol|CC|0||u
Ol|L
N
"O|
||tU
Cl|C
'|||||||||||||L|
||OI|QI
IV
I||||||||||QlO.||0
V|Ql|
||Ql
+
N
E
V
C|N
Ql
I
N
Itl
'0
4I||||||||||Cv
C
Cl
E||0
Qa
QI
Itl
Ul
Ql|D
C
Oi0|
|QQ
C
I
E
'8c|Ul
Ql
Irl
D
Ql
irl
ID.
0
Irl0C
C
E
0
O
C|C
'0
C
ra
V
v0
N
u
Qi
0
Ql|||||N
V
la
vC
C
0
E
0.|+C
0IJ
V
C
Ia
Ql
X
Ul|Cl0
h.
00
C
0L
Ia
0
~E|C
0
E||O
4I
C
0
uV
c
'ra
N
IU
C
4I|N
C
«-
v
Ql
E
Cl
QI
C
la
Cl
E
+C
Ql
IIaCl|C
Ql
Ql
Qi
Ia
N
C
v
C
E
0
Cl
c|D
+
IU
C
E
E
«-
N
Ee
Ci
E|
##
##
||||||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|to|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|||||