2023-03-31-accounts - Blaenau Gwent And Caerphilly Care & Repair

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

		Contents
Report ofthe Trustees			1—8
Report ofthe Independent		Auditors	9—12
Statement of Financial	Activities		13-14
Balance Sheet			15-16
Statement ofCash Flows			17
Notes tothe Financial	Statements		18-41

				Progress
To provide	a traditional	Care	& Repair	We provided a Care & Repair (casework-technical) service in
Service (home visiting,		problem-led,		Blaenau Gwent & Caerphiliy county boroughs and provided
client-centred and		individually		solutions that have improved the independence ofolder people.
tailored).				During 2022/2023 we have helped 955older people, 7SSreceived
				a home visit and a Healthy Home assessment to assess their
				individual needs.
To address	home hazards in		the home	In providing outcomes that improve independence and reduce the
and reduce	the risks to	the	wegbeing	risk to health &wegbeing, we have completed 1,606 works at a
of older people, allowing		them to live		total value of6606469.Increased Welfare Benefit income for 142
in comfort,	safety &security.			older people at a combined value of6557,S65.Raised charitable
				income in support of home improvements for 19older people at
				a value ofES3,756. Utilised private resources for crucial home
				improvements for older people at a value of 6120,988. We
				completed 1,281jobs that reduced the risk ofafalls.
To ensure	our services		are high	Feedback through customer surveys indicate 77% of dients felt
standard, meet the individual			needs of	their independence and wegbeing had been improved; 85%would
the older people we serve and support				recommend our services to others and 85% of dients said they
their Independence.				were happy with works in their own homes.
To ensure	our practical	services work		Our completed works supported 'a safe hospital discharge' in 458
effectively	to meet the	objectives of		instances; and 78% 'prevented possible hospital admission'. On
safe hospital discharge and/preventing				average, It took 8 days from requested date to completion of
hospital admissions.				works.

		BLAENAU GWENT AND CAERPHILLY CARE &REPAIR	BLAENAU GWENT AND CAERPHILLY CARE &REPAIR	BLAENAU GWENT AND CAERPHILLY CARE &REPAIR	BLAENAU GWENT AND CAERPHILLY CARE &REPAIR
				GROUP REPORT OFTHETRUSTEES
				FOR THETEAR ENDED 31MARCH 2023
Aim
To provide a	minor	adaptatlons &			We have facilitated rapid response, safety at home, and minor
smug repaim service		in both	counties		mpair schemes for older people in our boroughs in partnemhip
(n partnership	with	Health	&	Social	with the Local Authority, Health and Social Services. Our practical
Services partners, providing			effective		services completed 1,622 works totalling EB26,440 in value. The
healtn outcomes.					works were completed in an average of6 days and the average
					age of clients was 76 yearn. Referral sources were 31% from
					Heakh, 33% from Social Services, and 36% from our Trusted
					Assessors.
To ensure our	services are		of	a high	The Agency team have managed to proceed throughout with
standard, and	meet	the	individual		installation referrab from all social care services, carrying out
needs of the older people we				serve,	installs well within the baseline targets, which has been a positive
supporting their independence.				Our	from ag the team under extreme post pandemic pressure and
usual procedure	is we would		monitor		demand on the service. Technical audits have been carried out as
our service	impact	through		the	ofrequired standards, 5%.
customer feedback surveys.

		BLAENAU GWENT AND CAERPHILLY CARELREPAIR	BLAENAU GWENT AND CAERPHILLY CARELREPAIR	BLAENAU GWENT AND CAERPHILLY CARELREPAIR
		GROUP REPORT OF	THE TRUSTEES
		FORTHE YEAR ENDED	81MARCH 2023
IIEFERENCE AND ADMINSIIIATIVE DETAILS
Company number:		10838311
Charity number:		1175753
Principal oflice:		Unit 1a-ib, Foxes Lane
		Oakdale Business Park
		Oakdale
		Blackwood
		NP124AB
Trustees		Carol Morgan	Chair
		Colin yyallbank	Tmasurer
		John Mason
		Georgina Jones
		Haydn Trollope
		Robert Hall	Vice chair
		RNhard Bevan Sonia Amelia Behr	(appointed 18 January 2023] (appointed 5" September 2022)
		Ellen Louise Jones	(appointed 5~ September 2022)
Key Management	Personnel	Rodney Evans	Chief Executive	Officer
		Mike Lock	Senior Technical Officer
		Tina Howells	OfFice/Finance	Manager
Auditor:		Azets Audit Services
		Ty Derw
		Lime Tree Court
		Cardiff Gate Business Park
		Cardiff
		CF23BAB
Bankers:		Unity Trust pic
		Nine Brindleyplace,
		Birmingham,
		812HB
galls(torsi		Geldards
		Dumfrles House,
		Dumfrles Place,
		Cardiff,
		CF103ZF

					Total	Restated
			Unrestricted	Restricted	funds	Total
		Note	funds	funds	2023	funds
						2022
						E
Income and endowments	from:
Donations and legacies Charitable activities Investment income		3 4 5	692 1,079,555 8~	103~	692 1,183,001 8,408	390 1,009,358 816
Other income		6	443		44$	2,000
Trading subsidiary income		12	2,345		2S4e	3,413
Total Income oad endowments			1,091,443	103446	1,194,889	1,015,977
Expenditure on: Charitable activities		7	690,63$	103~	794479	843,407
Trading subsidiary's expenditure		12	229,193		229,19$	173,464
Total expenditure			919,826	103,446	1,023,272	1,016,871
Net income			171,617		171,617	(894)
Other mcognlsed lasses:
Actuarial gains/(buses) on	defined
benefit pension schemes		20	(30,000)		(30,000)	91,000
Net movement infunds			141,617		141,61'l	90,106
Recondllalon afFunds
Total funds brought forward		15,16	392,740		392,740	302,634
Totalfunds carried forward		16,17	534,3S7		534,357	392,740

						Total	Restated
				Unrestricted	Restricted	funds	Total
			Note	funds	funds	202$	funds
							2022
						E
Income and endowments		from:
Donations and legacies				103,712		10$,712	13,531
Charitable activities				1,177,880	103~6	1,281,$26	1,107,768
Investment income				84%		Si408	816
Other Income				44$		44$	2,000
Total income and endowments					103,446	1,3S$,889	1,124,115
Expenditure on:
Charitable activities			7	1,120,525	LOSES	1,22$,971	1,146,228
Total expenditure				1,120,525	103~6	1,22$,971	1,146,228
Net income				169,918		169,918	(22,113)
Other recognised losses:
Actuarial gains/(losses)	on	defined
benegt pension schemes			21	(30,000)		(30,000)	91,000
Net movement infunds				139,918		139,918	68,887
Iteconcillatlon ofFunds Total funds brought forward			15,16	359,683		$59,683290,796
Totalfunds carried fonuard			16,17	499,601		499,601	359,683

						2022
Net cash provided by/(used	In) operating activities			20	117,029	10,427
Coshjiowsiiom fnvssrfng	actJvfrfesr
Dividends, Interest and rents from investments					8,408	816
Purchase ofproperty plant	and equipment				(13,740)	(21,245)
Proceeds on disposal						2,000
Net cash used in investing	ecSvities				,332)	(18,429)
Change in cash and cash equivalents in the reporting		perM			111,697	(8,002)
Cash and cash equivalents	at the beginning ofthe reporting		period		477,965	485,977
Cash and cash equivalents	atthe end ofthe reporting	period		20	See,6aZ	477,975

		Unrestricted	Restricted	Total	Total
		fundsf	funds E	202$	2022 E
Donations		692		692
		692		692	390
C~hari
Donations		692		692	390
Gift aid from Care &Repair Home
Maintenance	Services Ltd	10$g20		103420	13,141
		103,712		10$,712	13,531

			Unrestricted	Unrestricted	Restricted		Total	Total
				funds	funds		202S	2022
~Grou				E	E		E	E
Grant	income			1078855	IIB&6	1,1ILM1		l,OPJP58
				1,079455	103~6	1,183,001		1,00935$
Grant	income			1,079,555	203~	1,18$,001		1,009,358
Management fees				98,325		98,325		98,410
				1,177,880	103,446	1,281,326		1,107,768
Include	d with the above income Isthe following funding:-
WG RRAP Capital —Cserphigy County			~ 6199,656(2022:f86,855)
WG RRAP Capital-		Blaenau Gwent County		= 6128785(2022:f70441).
WG RRAP Revenue		—Revenue jointly	for	Blaenau Gwent	County and Caerphigy		County	= 637,884
(2022:	633,486)
Welsh	Government	Core Funding =E$03,802(2022:E263,532)
Health	Board Core	Revenue =620,909(2022:E20,909)
COVID	19-JobRetention Scheme =		Eng (2022:f1462)
INVESTNIENT INCOME
			Unrestricted		Restncted		Total	Total
				funds	funds		2023	2022
~GrouLgg~~				E	E		E	f
Bank	Interest						8,408	816
							8,408	816
OTHER INCOME
			Unrestricted		Restricted		Total	Total
				funds	funds		2023	2022
								E
Profit	on disposal	offixed assets						2,000
Other	Income
							445	2,000

XPENDITURE O	N C	HARIT	ABLE AC	llVITIES
				Direct	Support	Governance	Total 202$	Restated Total 2022
Audit						10,031	10,0$1	9,195
Bank charges				112	12		124	136
Depreciation FRS102Pension	costs			12~			12,000	1,570 13,000
Health &safety				4,015			4,461	7,590
Cymru Funding,	Gas Safety
etc&Charitable		Funders		12,422			12,422	7,132
Contractors iLG	Funders			1lJI42			11,842	12L094
Insurance				8,11$			8,113	3,897
Internal audit								2,082
ITsoftware &support				9,189	1,021		10,210	7,977
Materials &equipment								30
Motor								(117)
Pdnting, postage and
photocopying				1,165	129		1&294	1,316
Rent and rates				1845$	2&061		20,614	20,566
Contractors- RRAP		funding		104,1$4			104,134	84,984
Contractors - Caerphigy			RRAP
Plus				50Am			50,065	5,674
Contractors SAH Blaenau
Gwent				$0,788			80,788	20,793
Staff costs				407,550	45&28$		452,833	522,382
Sobscrlptions				LWS	156		1,559	2,363
Sundry				694	77		771	476
Telecommunications				3,464	385		3,849	3,766
Provision ofhome
maintenance	services			229,193			229&193	173,464
Training &conferences				972	108		1,080	2,958
Travel				7,100	789		7,889	4,543
				962,774	50,467	10,031,	1,02$,272	1,016,871

	Total	Restated
	2023	Total
		2022
		E
Wages and salaries	464415	421,126
Soclalsecuritycosts	36,637	31,794
Pension costs	24,115	122,883
	S25,267	575,803
C~hari
Wages and salaries	395,S90	374,200
Social security costs	30,591	27,757
Pension costs	26,652	120,425
	452433	522,382

he average number ofstaff employed byth	e group during the pedod was as follows:
	2023	2022
	No.	No.
Group	21	20
Charity	18

ANG ISLE FIXED ASSETS
	Office	Computer	Motor
	Equipment 8	equipment 6	vehicles 8	Totalf
Cost
At 1April 2022		3,679	43,394	47W3
Additions At31March 2023		3,679	13,740 57~	13,740 61,193
Depredation
At 1April 2022		3,679	16,324	20/23
Charge forthe period			12,060	12,060
At31March 2023		3,679	28,384	32/83
Net hook value
At 31March 2023			28,710	28,710
At 31March 2022			27,030	27,030
C~hsri
Cost
At 1April 2022		1,694	7,934	10,068
At31March 2023		1,694	7,954	10,068
Depreciation
At 1Apdl 2022		1,694	7,954	10,068
At 31March 2023		1,694	7,SS4	10,068
Net book value
At 31March 2023
At31March 2022

		2023	2022
			E
PROFIT AND LO55 ACCOUNT
Turnover		432,128	304,590
Cost ofsales		(224,306)	(171,428)
Gross surplus		207,822	133,162
Administrative expenses		(103,212)	(100,447)
Other income		109	1,644
Operating profit		104,719	34,359
Statement ofchanges in Equity
Balance brought forward		SS,OSB	11,839
Propt and total comprehensive	income forthe period	104,719	34,359
Distributions to parent charity under gilt aid		J103,020)	(13,140)
Balance carded forward		SS,747	33,058
BALANCE SHEET
Fixed assets:
Tangible assets		28,710	27,030
		28,710	27,030
Current assets: Stock		8~	7,806
Debtors-		1,949	2,558
Cash at bank and in hand		137,992	60,387
		148@84	70,751
Current liabilities		(1~337)	(64,723)
Net curmnt assets/(Babillties)		6A)47	6,028
Net assets		34,757	33,058
Capital and Reserves:
Profit and loss reserves		34,757	33,058
		34,757	33,058

13.	DEBTORS
			TOtal	Total
			2023	2022
			E	E
	Trade debtors		100,240	145,034
	Vah&e added tax		1,709	2,558
	Prepayments and accrued income		177/8$	124,272
			279/$2	271,864
	Trade debtors		100,000	145,034
	Other debtors and prepayments		177&484	124,272
	Amount due from trading subsidiary		133,58$	52,099
			411,067	321,405
14.	CREDITORS'.AMOUNTS	FALLING DUE WITHIN ONE YEAR
			Total	Total
			2023	2022
	~Grou		E
	Trade creditors		7$,216	78,921
	Accruals		11&465	9,510
	Deferred Income		9,212	3,620
	Other creditors		8&f97	7,374
			102&890	99,925
	~har
	Trade creditors		66,712	68,246
	Accruals		9,215	7,560
	Deferred Income		9,212	3,620
	Other Creditors		8,997	7,874
			94,136	87,300
	Deferred Income:-
			Total	Total
			202$	2022
			E	f
	Brought forward		3+20	22,451
	Received in year Released to income		9,212 ~&&Pl»	960 (19,791(
	Amount due less than	one year	9,212	3,620
	~uitE
	Brought forward		$,620	22,451
	Received Inyear		9,212	960
	Released to Income		(3,620)	(19,791]
	Amount due less than	one year	9,212	3,620

RESTRICTED FUNDS
	As at				Balance at
	1April				31Nlarch
6~&		2022	Income	Expenditure	Transfers
Health Board -ABUHB Core
Revenue		20,909	(20,909)
Hospital to a Healthier Home Managing Better Service		40,700 ~ Lu7	(40,700) ~4%8
		103WS	(103W6)

		As at				Balance at
		1April				31March
		2021 f.	Income f	Expenditure f	Transfers 'E	2022 f
Covid-19 Job Retention
Scheme			1,462	(1,462)
Health Board - ABUHB	Core
Revenue			20,909	(20,909)
Health Through Warmth			7,132	(7,132)
Hospital toa Healthier	Home		37,606	(37,606)
Idanaging Better Service			40,990	(40,990)
UWHA			5,000	(5,000)
			113,099	(113,099)

						Actuarial
						galas on
						defined
		Balance at				benefit	Balance at
		1Aprii				pension	31March
~Grou		2022f	Income	Expenditumf	Transfers	scheme 6	202S f
Unrestricted	funds	392,740	1,091,443	(905/26)	(330,000)	(44,000)	204,357
		392,740	1,091,44S	(905+26)	(330,000)	(44,000)	204357
C~Cm
Unrestricted	funds	359683	172907448	(171067525)	(3307000)	(449000)	1699601
		359,683	1,290/43	(17106,525)	(330,000)	(443000)	169,601
~77
						Actuarial
						gains on
						deRned
		Balance at				beneRt	Balance at
		1April				pensIon	31March
		2021 f	Income f	Expenditure f	Transfersf	scheme f	2022 f
Unrestricted	funds	302,634	902,878	(796,772)		16,000)	392,740
		392.634	962676	I7967722		(16,000)	392,740
~Cha
Unrestricted	funds	290,796	1,011AI16	(926,129)		(16,000)	359,683
		290,796	1,011,016	(926,129)		(16,000)	359,683

			Balance at				Balance at
			1April				31Iylarch
			2022	Income	Expenditure	Transfers	2023
			E	E			E
Asset replacement		fund				50+5	SD&000
Contingency	fund					280,000	280,000
						330,000	330,000
~ha
Asset replacement		fund				50,000	50,000
Contingency	fund					280,000	280&000
						330380	3304100

		Unrestricted	Unrestricted	Designated	Restricted	Total
		funds		Funds	funds	2023
~Grou			E	f	E	E
Fixed assets		28,710				28,710
Net current assets		444&647		330&DN		774,647
Long term pension	liability	~2266	6			~&ASSI
		204,337		330/IN		534,337
~Chari
Net current assets		438,601		380,000		768,N1
Long term pension	liability	~l69	MS			~2SS,OWI
		1!8,601		330,000		499,601
			Unrestricted		Restricted	Total
				funds	funds	2022
					E	f
Fixed assets				27,030		27,030
Net current assets				657,710		657,710
Long term pension	liability			(292,000)		(292,000)
				392,740		392,740
~Chari
Fixed assets
Net current assets				651,683		651,683
Long term pension	liability			(292,000)		(292,000)
				359,683		359,683

RECONCIUATION ACllVITIES	OF	NET MO	VEMENT IN FUN	DS TO	NET CASH FLOW	FROM OPERAT	ING
~Grou						2023	Restated
						6	2022
							E
Net income/(expendhure) forthe reporting				period	(as per the
Statement ofFinancial Acdvltles)						171,617	(894)
Adjustments for:
Deprec4ition charges Dividends, interest and rents			from investments			12,060 (8~)	7,994 (816)
(Profit)/loss on disposal							(2,000)
(Increase)/decrease		in stocks				(637)	(2,006)
(Increase)/decrease		in debtors				(7468)	(17,671)
Increase/(decrease) Difference between		ln creditors pension charge and cash		contributions		2,96S ~lss,ate	(33,180) 59,000
Net cash provided	by/(used		in) operating activities			117,029	10,427
Analysis ofCash and		Cash Equhielents
Cash in hand						589,662	477,965
Total Cash and	Cash Equivalents					589,662	477,965
n I ofcha	'I	funds
					At 1March		At 31March
					2022	Cash flows	2023
					E	E	E
Cash at bankand	in	hand			477,965	111,697	589,662

AIR VALUE OF PLAN ASSET ENEFITASSET UABILITY	S, PRESENT VALUES OF DEFI	NED BENEFIT OBUGATI	ON, AND DERNED
		S1March 2023	31March 2022
		(6000s)	(6000s)
Fair value of plan assets		1,203	1,861
Present value ofdefined benefit obligation		1,472	2153
Deficit in plan		(269)	(292)
Defined benefit asset (llabliity) to be recognised		(269)	(292)
KEYASSUNIPTION S
		31March 2023	31March 2022
		%per annum	%per annum
Discount rate		4.88	2.79
Inflation (RPI)		3.20	3.59
Inflation (CPI)		2.74	3.20
Salary Growth		3.74	4.20
Allowance for commutation	ofpension forcash at	75%of maximum	75%of maximum
retirement		allowance	agowanca

The mortall assum	The mortall assum	The mortall assum	ons ado at	31March 2022	Im	life ex	ctancies:
						Ufe expectancy at age 65
							(Years)
Male retiring in		2023					21.0
Female retiring		In 2023					23.4
Male retiring in		2042					22.2
Fernale retiding		in 2042					24,9
RECONCILIATION		OF OPENING AND CLOSING BALANCES OFTHE DEFINED BENEFITOBUGATION
						31March 2023
						(E000s)
Dagned	benefit	obligation at start of pediod					2,153
Expenses							4
Interest	expense
Actuarial	losses	(gains)	due to scheme	experience			(130)
Actuarial	losses	(gains)	due to changes	in demographic	assum ptions		(3)
Actuarial	losses	(gains)	due to changes	in financial assumptions			(576)
Benefits	paid and expenses						(36)
Degned	benefit	obligation at end ofperiod					1&472

			31March 2023
			(E000s)
Fair value of plan assets at start of period			1,861
Interest Income			52
Experience on plan assets (excluding amounts income) —gain/(loss)	induded	in interest	(739)
Contributions by employer			65
Benefits paid and expenses			(36)
Fair value ofplan assets at end ofperiod			1203

			31Nlarch 2023 (E000s)
Expenses
Net iiiterest expenses
Defined benefit costs raoognised M Statement ofComprehensive
Income SoCI
DEFINED BENEFITCOSTS RECOGNISED IN OTHER CONIPREHENSIVE		INCOME	(OCI)
			31March 2023
			(E000s)
Experience on plan assets (excluding amounts included in net interest cost) -gain {loss)			(739)
Experience gains and losses arising on the plan liabilities - gain	(loss)		130
Effects ofchanges In the demographic assumptions underlying	the
present value ofthe defined benefit obligation -gain (loss)
Effects ofchanges in the financial assumptions underlying the			576
present value ofthe defined benefit obggadon - gain (loss)
Total actuarial gains and losses (before restriction due tosome the surplus not being recognisabh) - gain (loss)	of		(30)
Effects ofchanges in the amount ofsurplus that is not recoverable
(excluding amounts included in net Interest cost) - gain (loss)
Total amount recognised in Other Comprehensive Income - gain loss)			(30)

		$1March 202$	$1March 2022
		(EOOOs)	(EOOOs)
Absolute Return		13	75
Alternative Risk Premia		2	61
Cash		9	6
Corporate Bond Fund			124
Credit Relative Value		45	62
Currency Hedging		2	7
Distressed Opportunities		36	67
Emerging Markets Debt		6	54
Global Equity		22	357
High Yield		4	16
Infrastructure		138	133
Insurance-Linked Securities		30	43
Uability Driven Investment		555	519
Liquid credit
Long Lease Property		36	48
Het Current Assets		3	5
Opportunistic Credit			P)
Opportunistic lgiquld	Credit	52	63
Private Debt		54	48
Property		52	50
Risk Sharing		89	61
Secured income		55	69
Total assets		1,203	1,861

Pension	Uability:
		Total	Total
		202$	2022
		f	f
Pension	liability	269,000	292,000

					Total
			Unrestricted	Restricted	funds
			funds E	fundsf	2022
Income and endowments		from:
Donations and legacies			390		390
Charitable activities			896,259	113,099	1,009,358
Investment Income			816		816
Other income			2,000		2,000
Trading subsidiary income			3,413		3,413
Total income omf end'owments			902,878	113,099	1,015,977
Expenditure on:
Charitable activities			612,308	113,099	725,407
Trading subsidiary's expenditure			173,464		173364
Total expenditum			785,772	113,099	898,871
Sfetincome			117,106		117,106
Other recognised losses:
Actuarial gains/(lossesj	on	defined benefit
pension schemes			(27,000		(27,000)
Net movement in/beds			90,106		90,106
Reconciliation ofFunds
rotal funds brought forward			302,634		302,634
Totaljrrnds curried jonoord			392,740		392,740

					Total
			Unrestricted	Restricted	funds
			funds f	funds f	2022 f
Income end endowments		from:
Donations and legacies			13,531		13,531
Charitable activities			994,669	113,099	1,107,768
Investment income			816		816
Other income			2,000		2,000
Total income and endowments			1,011,016	113,099	1,124,115
Expenditure on:
Charitable activities			915,129	113,099	1,028,228
Total expenditum			915,129	113,099	1,028,228
iver income			95,887		95,887
Other recognised losses:
Actuarial gains/(losses)	on	defined benefit
pension schemes			(27,000		(27,000)
Net movement intends			68,887		68,887
Reconciliation ofFunds
Total funds brought forward			290,796		290,796
Totaljunds canfed fwwanf			359,683		359,683