##
##
##
|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|iis Trustees and Advisers|1|
|Trustees' Report||||2-6|
|Trustees' Responsibilities
Statement|||||
|Independent
Auditors'|Report|on the Financial Statements||8-11|
|Statement ofFinancial|Activities|||12|
|Balance Sheet||||13-14|
|Statement ofCash Flows|||||
|Notes tothe Financial|Statements|||16-31|
|Trustees|||Mr R H Dowler MBE|Mr R H Dowler MBE||
|---|---|---|---|---|---|
||||Major JTTatham|||
||||Col. N E L Gilbert|||
||||Mr A D Bott FCCA|||
||||MrJ M L Williams|MA||
|Company
number|registered||06768177|||
|Charity registered||||||
|number|||1179990|||
|Registered||office|Albany House|||
||||Claremont
Lane|||
||||Esher|||
||||Surrey|||
||||KT109FQ|||
|Company|secretary||Mr A D Bott FCCA|||
|Independent||auditors|Wellden
Turnbull|Limited||
||||Statutory
Auditors|||
||||Albany House|||
||||Claremont
Lane|||
||||Esher|||
||||Surrey|||
||||KT109FQ|||
|Bankers|||National
Westminster||Bank PLC|
||||73 High Street|||
||||Walton on Thames|||
||||Surrey|||
||||KT12 1DW|||
|Solicitors|||Moore Blatch|||
||||Onslow House|||
||||9The Green|||
||||Richmond|||
||||Surrey|||
||||TW9 1PU|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||FOR THE YE|AR ENDED 31|MARCH 2022|||
|---|---|---|---|---|---|---|
|||Capital
funds|Restricted
funds|Unrestricted
funds|Total
funds|Total
funds|
||Note|2022f|2022f|2022
f|2022|2021
F|
|Income and|||||||
|endowments
from:|||||||
|Donations
and legacies|||745|2,103|2,848|1,785|
|Charitable
activities||||1,202,578|1,202,578|1,198,684|
|Investments||||1,497|1,497|1,374|
|Other income||||2,090|2,090|1,050|
|Total income and
endowments|||745|1,208,268|1,209,013|1,202,893|
|Expenditure
on:|||||||
|Raising funds||377|||377|297|
|Charitable
activities|||4,628|1,223,159|1,227,787|1,105,855|
|Total expenditure||377|4,628|1,223,159|1,228,164|1,106,152|
|Net (expenditure)
/income
before net|||||||
|gains on
investments||(377)|(3,883)|(14,891)|(19,151)|96,741|
|Net gains on
investments||2,665|||2,665|3,120|
|Net movement
in
funds||2,288|(3,883)|(14,891)|(16,486)|99,861|
|Reconciliation
of|||||||
|funds:|||||||
|Total funds brought
forward||49,798|12,010|483,727|545,535|445,674|
|Net movement
in funds||2,288|(3,883)|(14,891)|(16,486)|99,861|
|Total funds carried
forward||52,086|8, 127|468,836|529,049|545,535|
##
||||||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|---|---|
||||||AS AT 31 MARCH 2022|||||
||||||||2022||2021|
||||||Note||F||5|
|Fixed assets||||||||||
|Tangible assets|||||12||280,338||276,378|
|Investments|||||||52,086||49,798|
||||||||332,424||326,176|
|Current assets||||||||||
|Stocks|||||14|2,881||2,806||
|Debtors|||||15|89,566||366,962||
|Cash at bank|and|in|hand|||194,331||213,404||
|||||||286,778||583,172||
|Creditors: amounts
year|||falling|due within one|16|(90,153)||(205,480)||
|Net current|assets||||||196,625||377,692|
|Total assets|less|current||liabilities|||529,049||703,868|
|Creditors: amounts
than one year|||falling|due after more|17||||(158,333)|
|Total net assets|||||||529,049||545,535|
|Charity funds||||||||||
|Capital funds|||||19||52,086||49,798|
|Restricted funds|||||19||8,127||12,010|
|Unrestricted|funds||||19||468,836||483,727|
|Total funds|||||||529,049||545,535|
#
#
#
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||||F|
|Cash flows from operating||activities||||
|Net cash used
in operating|activities|||208,907|(144)|
|Cash flows from investing||activities||||
|Dividends,
interests
and rents from investments||||1,496|1,674|
|Purchase oftangible
fixed assets||||(39,100)|(36,719)|
|Portfolio management
fees||||(377)||
|Net cash used in investing||activities||(37,981)|(35,045)|
|Cash flows from financing||activities||||
|Cash inflows from new borrowing|||||190,000|
|Repayments
of borrowing||||(190,000)||
|Net cash (used in)/provided||by financing|activities|(190,000)|190,000|
|Change
in cash and cash||equivalents
in|the year|(19,074)|154,811|
|Cash and cash equivalents||at the beginning|ofthe year|213,405|58,594|
|Cash and cash equivalents||at the end of|the year|194,331|213,405|
|The notes on pages 16 to 31 form part ofthese financial statements.||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Dividend
income|
|---|
|Total2021|
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
|F|E|E|
|1,497|1,497|1,374|
|1,374|1,374||
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||E|E|E|
|Staff|accommodation|income|2,090|2,090|1,050|
|Total|2021||1,050|1,050||
##
|||Capital|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||F||E|
|Portfolio management|costs|377|377|297|
|Total2021||297|297||
##
##
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken||Total|Total|
|||directly|Support costs|funds|funds|
|||2022
8|2022
f|2022
F|2021
E|
|Care home activities||1,002,915|224,872|1,227,787|1,105,855|
|Total 2021||899,575|206,280|1,105,855||
|Analysis ofdirect costs||||||
|||||Total|Total|
||||Activities|funds|funds|
||||2022|2022|2021|
||||E|E||
|Staff costs|||606,096|606,096|549,671|
|Depreciation|||35,141|35,141|28,738|
|Agency staff|||8,261|8,261|58,509|
|Messing|||68,428|68,428|57,817|
|Water rates|||6,036|6,036|11,346|
|Repairs &garden|maintenance||119,194|119,194|60,949|
|Light &heat|||56,995|56,995|35,644|
|Insurance|||21,045|21,045|15,490|
|Cleaning
&waste|removal||31,391|31,391|28,624|
|CQC registration|fees||4,988|4,988|5,511|
|Advertising|||2,595|2,595|1,346|
|Hire ofequipment|||9,328|9,328|12,511|
|Staff recruitment|||5,211|5,211|2,258|
|Staff training|||5,378|5,378|9,588|
|Care ofresidents|||19,158|19,158|17,942|
|Residents'
entertaining|||3,670|3,670|2,651|
|Loss/(profit)
on disposal offixed assets|||||980|
||||1,002,915|1,002,915|899,575|
|Total2021|||899,575|899,575||
##
##
##
##
##
|||||Total|Total|
|---|---|---|---|---|---|
||||Activities|funds|funds|
||||2022f|2022|2021
6|
|Staff costs|||175,058|175,058|160,581|
|Motor &travel|||1,089|1,089|254|
|Staff entertainment|||3,110|3,110||
|Printing,
postage &stationery|||4,172|4,172|3,937|
|Telephone|||2,226|2,226|1,518|
|Generalexpenses|||7,928|7,928|8,324|
|Bank charges|||1,043|1,043|1,058|
|Legal &professional
fees|||9,708|9,708|9,539|
|Computer
and website expenses|||9,252|9,252|9,368|
|Governance
costs|||11,286|11,286|11,701|
||||224,872|224,872|206,280|
|Total 2021|||206,280|206,280||
|Auditors'
remuneration||||||
|||||2022|2021|
|Fees payable to the Company's
annual account|auditor||for the audit ofthe Company's|6,036|6,468|
|Fees payable to the Company's|auditor||in respect of:|||
|All non-audit
services not included||above||5,250|5,232|
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2022f|2021|
|Wages and|salaries|||714,919|645,631|
|Social security costs||||52,119|51,644|
|Contribution|to defined|contribution|pension schemes|14,116|12,978|
|||||781,154|710,253|
|The average|num|ber ofpersons
employed
by the Compa|ny
during the year was as follo|ws:|||
|---|---|---|---|---|---|---|
||||2022||2021||
||||No.||No.||
|Residential|care|||34||32|
|Management|and|administration||5||5|
|||||39||37|
##
##
##
##
||Plant and|Motor|Fixtures|Computer|Other fixed||
|---|---|---|---|---|---|---|
||machinery
8|vehicles
F|and fittings
6|equipment
f|assets
E|Total
E|
|At 1 April 2021|18,005|31,772|274,720|34,155|136,116|494,768|
|Additions|||34,943|2,226|1,932|39,101|
|At 31 March 2022|18,005|31,772|309,663|36,381|138,048|533,869|
|Depreciation|||||||
|At 1 April 2021|18,005|31,772|162,125|6,488||218,390|
|Charge for the year|||24,680|10,461||35,141|
|At 31 March 2022|18,005|31,772|186,805|16,949|—|253,531|
|Net book value|||||||
|At 31 March 2022|||122,858|19,432|138,048|280,338|
|At 31 March 2021|||112,596|27,666|136,116|276,378|
##
##
|Investments|||||
|---|---|---|---|---|
||||2022|2021|
|||||8|
|Market value brought|forward||49,798|46,976|
|Acquisitions
at cost|||29,112||
|Sales proceeds from|disposals||(15,190)|5,000|
|Broker's management|fees||(377)|(297)|
|Increase/(decrease)|in cash deposits||(5,000)||
|Increase/(decrease
)in market value||in the year|(6,256)|(1,881)|
|Market value carried forward|||52,087|49,798|
##
##
##
||||F|OR THE YEAR ENDED 31 MA|RCH 2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Market value|of investments||by class:|||
||UK Fixed Interest Bonds||||9,896|18,262|
||UK Equities||||11,099|9,560|
||Non UK Equities||||18,818|6,210|
||Alternative
Assets||||5,243|3,358|
||Cash deposits||||7,031|12,408|
||||||52,087|49,798|
|14.|Stocks||||||
||||||2022|2021|
||||||5||
||Stock offood|and cleaning|materials||2,881|2,806|
|15.|Debtors||||||
||||||2022
f|2021
f|
||Due within one year||||||
||Trade debtors||||8,780|105,488|
||Amounts
owed by group undertakings||||37,671|227,671|
||Other debtors||||59||
||Prepayments|and accrued|income||43,056|33,803|
||||||89,566|366,962|
##
##
##
|||2022|2021|
|---|---|---|---|
|||F||
|Bank loans|||31,667|
|Payments
received on|account|28,395|2,595|
|Trade creditors||23,037|42,777|
|Other taxation and social security||14,344|15,207|
|Pension
fund loan payable||2,777|2,910|
|Other creditors||2,153|1,107|
|Accruals and deferred|income|19,447|109,217|
|||90,153|205,480|
##
|2022|2021|
|---|---|
||F|
||158,333|
##
##
|Financial|instrum|ents||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|||||||||||F|E|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|252,673|263,202|
##
##
##
##
|Statement|offunds - curre|nt year|||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Gains/|Balance at 31|
|||April 2021
8|Income|Expenditure
f|(Losses)
8|March 2022
F|
|Unrestricted|funds||||||
|General Funds||483,727|1,208,268|(1,223,159)||468,836|
|Endowment|funds||||||
|Investment|Fund|49,798||(377)|2,665|52,086|
|Restricted|funds||||||
|Queen
Mary's
Fund||4,070|745|||4,815|
|Special Projects Fund||7,940||(4,628)||3,312|
|||12,010|745|(4,628)||8,127|
|Total offunds||545,535|1,209,013|(1,228,164)|2,665|529,049|
##
##
##
##
|Statement|offunds - prior|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Gains/|31 March|
|||1 April 2020
E|Income
f|Expenditure|(Losses)
F|2021
f|
|Unrestricted|funds||||||
|General Funds||380,965|1,202,595|(1,099,833)||483,727|
|||||||Balance at|
|||Balance at|||Gains/|31 March|
|||1 April 2020|Income|Expenditure|(Losses)|2021|
|||||E|8||
|Capital funds funds|||||||
|Investment|Fund|46,975||(297)|3,120|49,798|
|||||||Balance at|
|||Balance at|||Gains/|31 March|
|||1 April 2020|Income|Expenditure|(Losses)|2021|
|||E||E|E|F|
|Restricted|funds||||||
|Queen Mary's Fund||3,770|300|||4,070|
|Special Projects Fund||13,963||(6,023)||7,940|
|||17,733|300|(6,023)||12,010|
|Total offunds||445,673|1,202,895|(1,106,153)|3,120|545,535|
##
##
||||Balance at 1|||Gains/|Balance at 31|
|---|---|---|---|---|---|---|---|
||||April 2021|Income|Expenditure|(Losses)|March 2022
F|
|General|funds||483,727|1,208,268|(1,223,159)||468,836|
|Endowment||funds|49,798||(377)|2,665|52,086|
|Restricted||funds|12,010|745|(4,628)||8,127|
||||545,535|1,209,013|(1,228, 164)|2,665|529,049|
##
##
##
|Summary|offunds - prio|r year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at||||Gains/|31 March|
|||1 April 2020
5|Income
8||Expenditure
F|(Losses)
5|2021
5|
|General funds||380,965|1,202,595||(1,099,833)||483,727|
|Endowment|funds|46,975|||(297)|3,120|49,798|
|Restricted|funds|17,733||300|(6,023)||12,010|
|||445,673|1,202,|895|(1,106,153)|3,120|545,535|
##
##
##
##
##
|Analysis|of net assets between funds|-current year||||
|---|---|---|---|---|---|
|||Capital|Restricted|Unrestricted|Total|
|||funds|funds|funds|funds|
|||2022f|2022f|2022
5|2022
F|
|Tangible|fixed assets||3,311|277,027|280,338|
|Trade investments||52,086|||52,086|
|Current|assets||4,816|281,962|286,778|
|Creditors|due within one year|||(90,153)|(90,153)|
|Total||52,086|8,127|468,836|529,049|
##
|Analysis of net assets between funds -p|rior year|rior year||||
|---|---|---|---|---|---|
||Capital||Restricted|Unrestncted|Total|
||funds||funds|funds|funds|
||2021|5|2021f|2021|2021|
|Tangible fixed assets|||7,940|268,438|276,378|
|Trade investments|49,798||||49,798|
|Current assets|||4,070|579,102|583,172|
|Creditors due within one year||||(205,480)|(205,480)|
|Creditors due in more than one year||||(158,333)|(158,333)|
||49,798||12,010|483,727|545,535|
##
##
|22.|Reconciliation
of net|Reconciliation
of net|movement|movement|movement|in funds|in funds|to|net|cash flow|from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2022|2021|
||Net
income/expenditure
Activities)|||for|the|year|(as||per|Statement|of|Financial|(16,486)|99,861|
||Adjustments
for:||||||||||||||
||Depreciation
charges||||||||||||35,141|28,738|
||Losses on investments||||||||||||(1,911)|(3,120)|
||Dividends,
interests and rents||||from investments||||||||(1,497)|(1,374)|
||Loss on the sale offixed|||assets||||||||||980|
||Increase
in stocks||||||||||||(74)|(36)|
||Decrease/(increase)|in|debtors||||||||||277,395|(188,313)|
||Increase/(decrease)|in|creditors||||||||||(83,661)|63,120|
||Net cash provided
by/(used||||in) operating|||activities|||||208,907|(144)|
|23.|Analysis
ofcash and||cash equivalents||||||||||||
||||||||||||||2022|2021|
||Cash
in hand||||||||||||194,331|213,405|
|24.|Analysis
ofchanges||in|net debt|||||||||||
||||||||||||At 1 April|||At 31 March|
|||||||||||||2021|Cash flows|2022|
||||||||||||||5||
||Cash at bank and
in|hand||||||||||213,404|(19,073)|194,331|
||Debt due within
1 year|||||||||||(34,576)|31,799|(2,777)|
||Debt due after 1 year|||||||||||(158,333)|158,333||
|||||||||||||20,495|171,059|191,554|
##
##
##
##
##
##
##
##