OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-06-30-accounts

Page
Legal and administrative information
Report ofthe Board of Trustees 2 —8
Independent Auditors' Report 9 —11
Statement of Financial Activities 12
Balance Sheet 13
Statement
of		 Cash Flows 14
Notes to the Financial Statements 15—29

Year ended Yearended Comparator
30/06/2022 30/06/2021
Metric 1 Care 0.0% 11%
Sheltered 0.2% 10%
Overall 0.1% 1 Oo/ 34%
Metric 2 0.0% 0.0% 0.0%
Metric 3 (18.5)% (35.6)% (16.2)%
Metric 4 (63492)% (70817) (3409)
Metric 5 Care E42,652 f46,570
Sheltered E17,328 f22,578
Overall 639,596 f41,262 E25,757
Metric 6 Care (2.5)% 0.4%
Sheltered (548)% (52.2)%
Overall (5.9)% (3.9)% (23 9)
Metric 7 (2.3)% (1.4)% (2.9)%

'Cf
O		 ffl
IA
IYI		 M
Ch
IA		 Ch
CO		 LA O
OO		 Vf M
Ol		 CO
fVI
LD		 CO
M
ID
«0
0I-		 S W LA IA
O		 O N IDO
CO		 COO
CO		 IVl
CO		 M
CO
N
NON 10
ClV
U
VI		 N
'0		 W Vf
O
CO		 fptfl
Ol
M		 O
LD
CO
CO
M
Ol		 IYI
CO
Vf
Ch
CO
OC
0
LlV		 Cl
LJ
I
~
Ih		 ul
0
0		 W O
IVI		 IVl
lfl
M
IA
O		 M
(h
IA
O
N		 Ch
CO		 IA
'lf		 Ch
IA
LA
00
LA		 (VI
O
LD		 Ch OO
Ol		 IA
IAO
Vf		 Ifl
IA
VC
Cl
L		 IUaD LA LA Ol
Ch		 Ch
0
Ol
LC
Cl
E		 100
Cl
E0IJ0		 NN
NO
(U0		 IO
0
I		 0 W M
O
I(1		 IVl
M
ID
I
LA		 00
Ch
Ol
IVI		 00
Ch
O
IYI		 IVI
CO
YC		 Ol
MO		 ID
Ch		 IVI
P
01
CO		 Ol
CO
IVI
N"
CO
LA		 O
ChI
Ifl
YCO		 CO
IYI
LD
M
00		 00
N
p
P
CO
(YI
ClIJ0
IA		 Cl
C
IC
0		 O
Cfl'0
Cl00		 NN
NO		 '0
Cl
Ul
OC		 0 w I
Cfl
M		 IVIO
p
Ch		 (YI cf
LA
OO		 LA
OO		 lfl
LA
IYI
IYI		 IVI
CO
Ol
Ol
CO		 COOO
IVl
Ol
N
I0V IO
Cl
Ih
Cl		 Cl
I
I0		 10
Cl
N
Ct		 0 w tfl
IA
Ch		 M
IYI
ID
Lfl
M		 00
Ol
Ol
IYI		 CO
Ch
O
(YI		 LD
CO
CO
tfl		 Ifl
IVI
Lfl
CO		 ID
g
(fl		 OI
IA		 Ifl
IV\
N
LD		 Ifl
ID
O		 01
LA
M
Ch		 ON
'Ct
Ol
~C 0D LD LA Ol O
IO
IJ0
IO0
LL
(V0		 I0z (VI vf LA LD
0
(U
E3 GS IU
E
IO
Vl		 E
+		 IU
0
E
0
V
E
0
U		 N
0
Ct
(0
L00 '&
5&
N
al
0
.0
(0
+
+
(0
0
(0
0
CI 0		 01
E
+
I/I
R		 CI
+
CIC0
(0
I—
Cl
(CI		 00
0
E0O
O00
58		 0
(U
0
(U
IC
UJ		 IU
+
N
LP
00
(0
C,V
—I-
Vl
(0 J:
«O U		 Ct
0
000
+(0
(0
Cl
I00
th
Ct
0
lh0
Cl
(D		 E
Ct0
0
(0
IU
L
0
Ct0.
V(
IU
Ct
E0IJ
+
IUz.o		 '0
(0
0V
+
00
0
SO
00		 O
IU0
O
tVl0
I(0
V-
13
Cl
LI
(0V
0
Lt

Notes 2022 2021
f E
Tangible Fixed Assets
Housing
Properties		 at Depreciated Cost 11 10,195,195 8,940,947
Vehicles 11 17,683 14,583
Fixtures, fittings and equipment 11 122,860 133,276
Investments 12 1,953,450 872,471
12,289,188 9,961,277
Current Assets
Stocks 13 6,005 6,005
Trade and Other Debtors 14 266,233 119,259
Cash and Cash Equivalents 15 1,925,289 3,218,873
2,197,527 3,344,137
Current Liabilities
Creditors: amounts falling due within one year 16 574,494 437,759
Net Current Assets 1,623,033 2,906,378
Total Assets less Current Liabilities 13,912,221 12,867,655
Long Term Liabilities
Creditors: amounts falling due after one year 17 34,793 36,017
Total Net Assets E13,877,428 E12,831,638
Funds
Unrestricted
Funds		 19 10,944,420 9,932,155
Restricted
Funds		 20 2,933,008 2,899,483
Total Funds E13,877,428 E12,831,638
The Financial Statements were approved at the Board ofTrus es meeting on!5..&5.......2023, and signed
Mr BThomas —Chairman Mr H c in on
Seer tary

Notes 2022 2021
f f
Net Cash Generated
From Operating		 Activities A (18,455) 147,889
Cash Flows From Investing
Activities
Purchase ofproperty
components		 (7,250) (93,473)
Purchase ofother fixed assets (64,424) (51,701)
Purchase offixed asset investments (1,197,158)
Proceeds from sale offixed assets 5,389 1,234,624
Disposal of investments
(Note 11)		 4,625 2,682
Investment
income		 1,330 23
Investment
management
fees		 (6,385) (2,454)
Movement
in cash held in investments		 (3,473) (228)
Total Cashf iowa From Investing
Activities		 (1,267,346) 1,089,473
Cash Flows From Financing Activities
Interest paid (3,329) (3,365)
Repayment
of Loans		 (1,224) (353)
(4,553) (3,718)
Net Change
In Cash And Cash Equivalents		 (1,293,584) 1,233,644
Cash And Cash Equivalents
At Beginning		 OfThe Year 3,218,873 1,985,229
Cash And Cash Equivalents
At End		 Of The Year 61,925,289 63,218,873
Cash Flows From Operating Activities
Net (expenditure)/income for the year 1,045,790 (51,277)
Depreciation 259,779 237,352
Investment
Income and interest Receivable		 (43,998) (20,593)
Interest Payable 3,329 3,365
Gift on Charity Combination (1,439,464)
(Increase)/decrease
in Debtors		 (146,974) (7,782)
Increase/(decrease)
in Creditors		 136,735 81,925
Loss on Sale ofAssets (962) 15,376
Unrealised
(gains)/losses
on		 investments 157,695 (112,931)
Investment
management
fees		 6,385 2,454
E(21,685) E147,889
B
Cash and Cash Equivalents
Bank Balances 1,925,289 3,218,873
E1,925,289 63,218,873
Analysis Of Changes
In Net Debt		 At 1*'July At 30'" June
2021 Cash Flows 2022
f f f
Cash 3,218,873 (1,293,584) 1,925,289
Loans falling due within one year (350) (350)
Loans falling due in more than one year (36,017) 1,224 (34,793)
E3,182,506 (1,292,360) E1,890,146

Years Years
Land n/a Kitchen 20
Main Structure & Fabric 100 Bathroom/W. C. 30
Roof &Covering 70 Heating/ventilation/plumbing 30
Windows
and External		 Doors 30 Electrics 40
Gas Boilers 15 Lift 20
Grounds
and gardens		 15 Internal structures 20

3. Income from donations
and grants		 Income from donations
and grants		 Income from donations
and grants		 2022 2021
f f
Covid-related
Fund Grants		 139,076 207,994
Donations
and bequests		 11,955 7,410
Total income from donations
and		 grants 6151,031 E215,404
Covid-related
Fund Grants represents		 government grants received to support the Society through the
Covid19 pandemic.
A breakdown		 ofthe grants can be found in the Restricted Funds note (Note 20).
There are no unfulfilled
conditions		 or contingencies related to government
grants.
Income from charitable
activities
Gross fees from accommodation services 6,033,591 5,324,862
Less voids (873,720) (1,113,844)
Net fees receivable from accommodation services 5,159,871 4,211,018
Home Care activities 197,762 194,335
Net fees from all activities E5,357,633 E4,405,353
Investment
income
Interest on funds on call and short notice 1,330 23
Accumulated
income		 42,668 20,570
Total investment
income		 E43,998 E20,593
6. Income from Other Trading Activities
Fundra ising events 3,098
Total income from Other Trading Activities E3,098

Expenditure
on charitable		 Expenditure
on charitable		 activities activities 2022
f		 2021
f
Employee costs, agency staff and training 3,924,764 3,298,860
Catering 257,190 222,825
Other care expenses 137,326 161,656
Establishment
expenses		 235,024 176,215
Repairs and maintenance 353,925 284,297
Vehicle costs 7,646 4,668
Depreciation
and amortisation		 259,782 252,728
Residents'
amenities		 35,189 18,938
Interest payable 3,329 3,365
Debt provision
and write-offs		 34,335 12,221
Disposal ofassets (962)
Development
costs		 37,762
General management expenses 210,603 112,887
Support costs (Note 8) 329,860 257,340
Total expenditure
on charitable		 activities E5,825,773 E4,806,000
Support costs 2022
E		 2021
f
Employee costs 142,932 140,586
Administration
costs		 128,872 91,942
Payroll fees 9,403 8,132
Professional fees 36,663 6,690
Auditors'
remuneration		 11,990 9,990
Total support costs 6329,860 6257,340
9. Raising Funds 2022
E		 2021
f
Investment
management		 fees 6,385 2,454
Costs offundraising events 3,461
Total Raising Funds E9,846 E2,454
I-
~(0I-		 f
LD
Ql
tD
CQ		 IA
M
ffl
'Cl
N		 O
O
IVI
CQ
N		 CQ
rh		 Ch
O
P
IVl		 tfl
IA
LO
tYI		 LO
\O
ID
CQ
\O		 Ql
LD
Ql
M
M
L LO
CI
IVI		 ID
CI
IYI		 O
tfl		 LOO
M		 IDO
LU OI4 CI CI
LA IA
IVI M IVI
IV| r/l p
ct 'cf 'Cf \O N
E02 Ql Ql Ch
tv
CQ O Cl N LO
IA
f f
r/I Vf
IVI		 IA
Ifl		 Ql LD Cl
p
8
E020		 P
LO
Ih
ID
CQ		 Ql
Ch
P
O		 ID
LO
LO
ffO		 Ifl
O		 O
IVI
LO
IA
O
'lf		 p
LO
Ql
p
IVI		 rV
ID
tD		 LO
CI
Ch
'Cf		 Cl
LD
PJ
'O
Cl		 0
IU0
OQ
C
IO
I
LU
0.0
0)
0
0
0
Lh
IO		 0
'v
C0
O
Lh
L
Ih
CO
IO
L
Cl
0.
0
IO
Ih0		 N
O
N		 C
IU0.
I/
0
V-
IU
0
0
U		 I/I0
Cl
v-
Ql
I
IU
Ql
E
0
2		 IU
IUC0 o
Yj o0
C
nl
I
UQ
m
Ql
IU
0
E
UQ
E00
0 o Xo0
IU, O
5 IC M		 I/I
YU0
IU
L0
V-
Qf
JQ
0
E0
C
Ih
th0
CO		 Ul
0
&		 '0
0
IU
IO
0 g
v
QI
I
2CI		 I
IU
0
IU
I+
0o
Ql
08
Cl
UY		 C0
+
0o
IU
tU
Ql
c
Ql
0		 +
0
0
Ih
0.
I/I
UQ
+
IU
I
Ql
0
CO
M Dl O
Al
Ifl AIO IVI
IVI
O
I/I M O M
nl CO
EJ Ifl
nl Vf
'vl		 Vf
4I
tn 05 IVI fo IA Cl
OI tn00 E DY
00		 Ch O 00
00		 ID
M		 ID
00
Ch IA fo IA
IL 0
ID		 ID 00
I		 I/I k
OI0.0
0!.
0
Ol
E		 C
IU
E8
Io		 CYt
fttO
CYt
OlC		 Io +
F104
03j
IA		 MOfl
COO		 O
At
fo
of
IYI		 IVI
IYI		 OO
CO
I		 00
fo		 I
CA
O
'cl
CO
I/I		 O
I/I		 00
IUto
IO0
00
0
I/I
lo
CPC
loC
IL
Ol
0		 CI
IVI'0
IU
C
lo
IU		 0
nl
ol
nl
000
0		 Q,
Cl		 IVI
CA
ID
f4
ID		 Ch
ID
00
CYI		 M
CO
O
4I		 ID
tvl
III		 IU
+
C00
Ol
IU
I/I
Ol
0Z		 Ol
I		 0 ftD
M
IVI
tot
00
C0 Cl
fV
IVl
'0
0
IU		 '0 OOO
O
Al		 OOOO
Al		 CI
ClO
O
I/I		 CI
Al		 IA
IV\
0-000
E
0 C
IIL		 L
CD		 O
Al
IYI		 At
IYI
O		 OO
CII		 IVI
Al
CO
At
ttt		 Al
IVI
4I		 00
I
0
t
IU
00
Ol
Ol
00		 O
Al		 O
AI
OlL		 C
0		 O
fo		 to
Ol
IU
8		 m fV
fVOft
Ol		 0
0
Ect		 O
IUL		 At
AtO
At
Ol		 E0
0-
C
Io0
Ol
UnC
lo
I		 I/IL
YE
CC		 lo
0
to
O		 O
m
Z		 to
I
0.
OlO		 I/I
W
CC		 0
ot
U
D.		 Vl
0
I/I
C
0		 Cl
M		 8
z		 m o
IYI		 IU
0K

2022 2021
E E
12. Investments
Balance brought forward 872,471 741,424
Additions 1,197,158
Accumulated income 42,668 20,570
Disposals (4,650) (2,682)
IJnrealised
gains/(losses)		 (157,670) 112,931
Movement
in		 cash 3,473 228
E1,953,450 E872,471
Within the above are:
Investments
at fair value		 through net income 1,948,775 871,269
Cash held by investment managers 4,675 1,202
E1,953,450 E872,471
13. Stocks
Household
supplies		 E6,005 E6,005
14. Trade and Other Debtors
Residents' fees 167,077 63,198
Less provision for doubtful debts
167,077 63,198
Other debtors 2,347 250
Prepayments and accrued income 96,809 55,811
E266,233 E119,259
15. Cash and Cash Equivalents
COIF Deposit Account 1,230,396 1,229,475
Barclays Bank 695,083 1,987,882
Cash in hand 3,040 1,516
E1,928,519 E3,218,873
Page
( 23

2022 2021
E f
Amount
due on Orchardbrook		 Limited Loan (Note 17) 350 350
Trade creditors 171,434 101,698
Social Security and PAYE 94,514 74,741
Other creditors 77,991 61,928
Accruals and deferred
income		 230,205 199,041
574,494 E437,758
Creditors: amounts falling due after one year
Loan from Orchardbrook Limited Note (a) 34,793 36,017

Social Housing Grant
2022 2021
f f
Aggregate
amount		 received
At 1stJuly 2021and 30th June 2022 3,752,630 3,752,630
Released to SOFA
At 1stJuly 2021 3,752,630 3,752,630
Released forthe period
At 30th June 2022 3,752,630 3,752,630
Net BookAmount
At 30th June 2021
At 30th June 2022

Reserves:
Movement During The Year Opening Total Transfers Closing
Balance Comprehensive To/(from) Balance
01/07/2021 Income Reserves 30/06/2022
f f f f
Unrestricted Reserves
Designated Reserves 8,539,803 8,539,803
Revenue Reserve 542,352 1,012,265 1,554,617
Prudential Reserve 850,000 850,000
Total Unrestricted Funds 9,932,155 1,012,265 10,944,420
Restricted Funds (Note 20) 2,899,483 33,525 2,933,008
f12,831,638 f1,045,790 f13,877,428

Opening Closing
Balance Balance
Restricted
Funds		 01/07/2021
f		 Income
f		 Expenditure
f		 30/06/2022
f
Hatch
Mill garden fund		 8,299 8,299
Roundhay 10,000 10,000
Guildford
House fund		 60,670 60,670
Disabled Vehicle Fund 950 950
ICF—Hatch
Mill		 28,825 (28,825)
ICF —Wey Valley House 15,614 (15,614)
ICF —Ridgway Court 9,608 (9,608)
RTF —Hatch
Mill		 2,161 25,575 (27,736)
RTF —Wey Valley House 291 13,853 (14,144)
RTF —Ridgway Court 8,525 (8,525)
Workforce Recruitment and 26,837 (26,837)
Retention
Fund
Vaccine Fund 2,566 (2,566)
Maitland
House Lift fund		 24,425 24,425
Maitland
House Resident		 Financial 49,078 49,078
Support fund
Maitland
House Ground		 Floor 20,000 (20,000)
Refurbishment
fund
Maitland
House Covid fund		 8,873 (8,873)
Fixed Assets Fund 2,817,112 (37,526) 2,779,586
f2,899,483 f233,779 f(200,254) f2,933,008

2022 2021
f f
Salaries and wages 3,162,198 2,903,658
Employers' Social Security costs 256,032 214,012
Pensions 146,933 136,143
Termination payments 8,500
E3,573,633 f3,253,813

26. Units in Management Residential Nursing Sheltered Total
Wey Valley House, Farnham 26 26
Hatch Mill, Farnham 19 27 46
Ridgway Court, Farnham 16 16
Kemnal, Haslemere 7 7
Roundhay,
Guildford		 10 10
Castle Gate, Guildford 8 8
Maitland
House, Reading		 28 28
Total 89 27 25 141

ForThe Year Ended 30th June 2022 ForThe Year Ended 30th June 2022
27. Net Assets by fund Unrestricted Restricted
f		 2022Total
f
Fixed Assets 9,509,602 2,779,586 12,289,188
Current Assets 2,044,105 153,422 2,197,527
Current Liabilities (574,494) (574,494)
Long Term Liabilities (34,793) (34,793)
Total E10,944,420 E2,933,008 E13,877,428
Unrestricted Restricted 2021Tota I
f f f
Fixed Assets 7,144,165 2,817,112 9,961,277
Current Assets 3,261,766 82,371 3,344,137
Current Liabilities (437,759) (437,759)
Long Term Liabilities (36,017) (36,017)
Total E9,932,155 E2,899,483 E12,831,638
28. Reserves:
Prior Year Movement Opening Total Transfers Closing
Balance Comprehensive To/(from) Balance
01/07/2020 Income Reserves 30/06/2021
f f f f
Unrestricted
Funds
Designated Reserves 8,589,803 (50,000) 8,539,803
Revenue
Reserve		 304,252 (11,900) 250,000 542,352
Prudential Reserve 800,000 50,000 850,000
Revaluation
Reserve		 250,000 (250,000)
Total Unrestricted Funds 9,944,055 (11,900) 9,932,155
Restricted Funds 2,938,860 (39,377) 2,899,483
E12,882,915 E(51,277) E
—		 E12,831,638