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|Reference and Administrative|Reference and Administrative|Details ofthe Company,|its Trustees and Advisers|Page|
|---|---|---|---|---|
|Trustees'
Report||||2-5|
|Trustees' Responsibilities|Statement||||
|Independent
Auditor's
Report on the Financial Statements||||7-10|
|Statement ofFinancial Activities|||||
|Balance Sheet|||||
|||||12-13|
|Statement ofCash Flows|||||
|||||14|
|Notes to the Financial Statements|||||
|||||15-31|
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|Trustees|||Mr R H Dowler MBE|Mr R H Dowler MBE|||
|---|---|---|---|---|---|---|
||||Major JTTatham||||
||||Col. N E L Gilbert||||
||||Mr A D Bott FCCA||||
||||Mr J M LWilliams|MA|||
||||Ms K Rajan (appointed||11July 2022)||
||||Mr John Ross (appointed|||1 April 2023)|
|Company|registered||||||
|number|||06768177||||
|Charity registered|||||||
|number|||1179990||||
|Registered||office|Albany House||||
||||Claremont
Lane||||
||||Esher||||
||||Surrey||||
||||KT109FQ||||
|Company|secretary||Mr A D Bott FCCA||||
|Independent||auditor|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||||
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|||||FOR THE YE|AR ENDED 31|MARCH 2023|||
|---|---|---|---|---|---|---|---|---|
|||||Capital|Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|funds|
|||||2023|2023|2023|2023|2022|
||||Note|E|E|E||F|
|Income and|||||||||
|endowments|from:||||||||
|Donations|||||6,647|19,278|25,925|64,610|
|Charitable
activities||||||1,216,253|1,216,253|1,140,816|
|Investments||||||1,183|1,183|1,497|
|Other income||||||100|100|2,090|
|Total income
endowments|and||||6,647|1,236,814|1,243,461|1,209,013|
|Expenditure
on:|||||||||
|Raising funds||||298|||298|377|
|Charitable
activities|||||3,312|1,359,191|1,362,504|1,227,787|
|Total expenditure||||298|3,312|1,359,191|1,362,801|1,228,164|
|Net (expenditure)|||||||||
|/income before net|||||||||
|gains on
investments||||(298)|3,335|(122,377)|(119,340)|(19,151)|
|Net (losses)/gains
investments||on||(1,465)|||(1,465)|2,665|
|Net movement|in||||||||
|funds||||(1,763)|3,335|(122,377)|(120,805)|(16,486)|
|Reconciliation|of||||||||
|funds:|||||||||
|Total funds brought
forward||||52,086|8,127|468,836|529,049|545,535|
|Net movement|in funds|||(1,763)|3,335|(122,377)|(120,805)|(16,486)|
|Total funds carried
forward||||50,323|11,462|346,459|408,244|529,049|
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||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Note||E||6|
|Fixed assets||||||||||
|Tangible assets|||||13||441,003||280,338|
|Investments|||||14||50,323||52,086|
||||||||491,326||332,424|
|Current assets||||||||||
|Stocks|||||15|2,669||2,881||
|Debtors|||||16|154,224||89,566||
|Cash at bank|and|in hand||||105,713||194,331||
|||||||262,606||286,778||
|Creditors: amounts
year||falling||due within one|17|(345,688)||(90,153)||
|Net current|liabilities||Iassets||||(83,082)||196,625|
|Total assets|less|current||liabilities|||408,244||529,049|
|Total net assets|||||||408,244||529,049|
|Charity funds||||||||||
|Endowment
funds|||||19||50,323||52,086|
|Restricted funds|||||19||11,462||8,127|
|Unrestricted|funds||||19||346,459||468,836|
|Total funds|||||||408,244||529,049|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||5|5|
|Cash flows from operating||activities|||||
|Net cash used
in operating|activities||||120,342|208,907|
|Cash flows from investing||activities|||||
|Dividends,
interests
and rents from investments|||||1,183|1,496|
|Purchase oftangible fixed assets|||||(209,845)|(39,100)|
|Porffolio management
fees|||||(298)|(377)|
|Net cash used in investing||activities|||(208,960)|(37,981)|
|Cash flows from financing||activities|||||
|Repayments
of borrowing||||||(190,000)|
|Net cash provided
by/(used||in) financing||activities||(190,000)|
|Change
in cash and cash|equivalents||in|the year|(88,618)|(19,074)|
|Cash and cash equivalents|at the beginning|||ofthe year|194,331|213,405|
|Cash and cash equivalents||at the end of||the year|105,713|194,331|
|The notes on pages 15to 31||form part ofthese financial statements.|||||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2022|
|6||6|
|1,216,253|1,216,253|1,140,816|
|1,140,816|1,140,816||
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2022|
||E|K|
|1,183|1,183|1,497|
|1,497|1,497||
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023
F|2023
K|2022f|
|100|100|2,090|
|2,090|2,090||
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|||Capital|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||6|||
|Portfolio management|costs|298|298|377|
|2022||377|377||
##
||||Activities||||
|---|---|---|---|---|---|---|
||||undertaken||Total|Total|
||||directly|Support costs|funds|funds|
||||2023|2023|2023|2022|
|||||K||E|
|Care|home|activities|1,125,472|237,031|1,362,503|1,227,787|
|Total|2022||997,927|229,860|1,227,787||
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|||Total|Total|
|---|---|---|---|
||Activities|funds|funds|
||2023|2023|2022|
||K||E|
|Staff costs|596,304|596,304|606,096|
|Depreciation|49,180|49,180|35,141|
|Bad debts|4,456|4,456||
|Agency staff|29,209|29,209|8,261|
|Messing|88,258|88,258|68,428|
|Water rates|9,590|9,590|6,036|
|Repairs &garden maintenance|147,200|147,200|119,194|
|Light &heat|91,910|91,910|56,995|
|Insurance|28,008|28,008|21,045|
|Cleaning
&waste removal|26,463|26,463|31,391|
|Advertising|(78)|(78)|2,595|
|Hire of equipment|10,282|10,282|9,328|
|Staff recruitment|3,121|3,121|5,212|
|Staff training|7,039|7,039|5,378|
|Care of residents|25,496|25,496|19,158|
|Residents'
entertaining|9,034|9,034|3,669|
||1,125,472|1,125,472|997,927|
|Tt2022|997,927|997,927||
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|||||Total|Total|
|---|---|---|---|---|---|
||||Activities|funds|funds|
||||2023
E|2023
E|2022f|
|Staff costs|||169,423|169,423|175,058|
|Motor &travel|||1,361|1,361|1,089|
|Staff entertainment|||5,790|5,790|3,110|
|Printing,
postage &stationery|||5,405|5,405|4,172|
|Telephone|||4,317|4,317|2,226|
|General expenses|||8,518|8,518|7,928|
|Bank charges|||1,055|1,055|1,043|
|Legal &professional
fees|||16,255|16,255|14,696|
|Computer
and website expenses|||12,115|12,115|9,252|
|Governance
costs|||12,792|12,792|11,286|
||||237,031|237,031|229,860|
|Total 2022|||229,860|229,860||
|Auditor's
remuneration||||||
|||||2023|2022|
|||||E|F|
|Fees payable to the Company's
annual
account|auditor||for the audit ofthe Company's|7,752|6,036|
|Fees payable to the Company's|auditor||in respect of:|||
|All non-audit
services not included||above||5,040|5,250|
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|Wages and salaries|Wages and salaries|||||2023f|2022
6|
|---|---|---|---|---|---|---|---|
|Social security costs||||||712,487|714,919|
|Contribution|to defined|contribution|pension|schemes||39,281
13,959|52,119
14,116|
|||||||765,727|781,154|
|The average number of||persons employed||by the Company|during the|year was as follows:||
|||||||2023|2022|
|Residential|care|||||No.|No.|
|Management|and administration|||||34|34|
|||||||5|5|
|||||||39|39|
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||Plant and|Motor|Fixtures|Computer|Other fixed||
|---|---|---|---|---|---|---|
||machinery
f|vehicles
6|and fittings
5|equipment
E|assets
6|Total
K|
|At 1 April 2022|18,005|31,772|309,663|36,381|138,048|533,869|
|Additions|||4,952|1,413|203,480|209,845|
|At 31 March 2023|18,005|31,772|314,615|37,794|341,528|743,714|
|Depreciation|||||||
|At 1 April 2022|18,005|31,772|186,805|16,949||253,531|
|Charge for the year|||38,061|11,119||49,180|
|At 31 March 2023|18,005|31,772|224,866|28,068||302,711|
|Net book value|||||||
|At 31 March 2023|||89,749|9,726|341,528|441,003|
|At 31 March 2022|||122,858|19,432|138,048|280,338|
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|Investments||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|5|
|Market value brought||forward||52,086|49,796|
|Acquisitions
at cost||||8,298|29,112|
|Sales proceeds from||disposals||(2,668)|(15,190)|
|Broker's management||fees||(298)|(377)|
|Increase/(decrease)||in cash deposits||(4,060)|(5,000)|
|Increase/(decrease|)in market value||in the year|(3,035)|(6,255)|
|Market value carried forward||||50,323|52,086|
##
|||||FO|R THE YEAR ENDED 31 MARCH|2023||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||6|6|
||Market value|ofinvestments|||by class:|||
||UK Fixed Interest Bonds|||||5,260|9,895|
||UK Equities|||||10,922|11,099|
||Non UK Equities|||||26,731|18,818|
||Alternative
Assets|||||4,439|5,243|
||Cash deposits|||||2,971|7,031|
|||||||50,323|52,086|
|15.|Stocks|||||||
|||||||2023|2022|
|||||||E|6|
||Stock offood|and cleaning||materials||2,669|2,881|
|16.|Debtors|||||||
|||||||2023|2022|
||||||||6|
||Due within one year|||||||
||Trade debtors|||||81,603|8,780|
||Amounts
owed by group undertakings|||||37,671|37,671|
||Other debtors|||||400|59|
||Prepayments|and accrued||income||34,550|43,056|
|||||||154,224|89,566|
|17.|Creditors: Amounts||falling due within one year|||||
|||||||2023
6|2022f|
||Payments
received on account||||||28,395|
||Trade creditors|||||216,610|23,037|
||Other taxation|and social||security||12,221|14,344|
||Pension fund|loan payable||||1,787|2,777|
||Other creditors|||||1,322|2,153|
||Accruals and|deferred|income|||113,748|19,447|
|||||||345,688|90,153|
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|||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||F||
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|105,713|194,331|
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|Current ye|ar||||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Gains/|Balance at 31|
|||April 2022
F|Income|Expenditure
f|(Losses)|March 2023
6|
|Unrestricted|funds||||||
|General
Funds||468,836|1,236,814|(1,359,191)||346,459|
|Endowment|funds||||||
|Endowment|Funds - all funds|52,086||(298)|(1,465)|50,323|
|Restricted|funds||||||
|Queen Mary's
Fund||4,815|6,647|||11,462|
|Special Projects Fund||3,312||(3,312)|||
|||8,127|6,647|(3,312)||11,462|
|Total offunds||529,049|1,243,461|(1,362,801)|(1,465)|408,244|
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|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|Unrestricted|funds|1 April 2021
8|Income
E|Expenditure
E|Gams/
(Losses)|31 March
2022
L'|
|General Funds||483,727|1,208,268|(1,223,159)||468,836|
|||Balance at||||Balance at|
|Capital funds funds||1 April 2021|Income
E|Expenditure
8|Gains/
(Losses)
8|31 March
2022|
|Investment
Fund||49,798||(377)|2,665|52,086|
|||Balance at||||Balance at|
|Restricted funds||1 April 2021
E|Income
E|Expenditure
6|Gains/
(Losses)
6|31 March
2022
6|
|Queen Mary's Fund
Special Projects Fund||4,070
7,940|745|(4,628)||4,815
3,312|
|||12,010|745|(4,628)||8,127|
|Total offunds||545,535|1,209,013|(1,228,164)|2,665|529,049|
||Balance at 1|||||
|---|---|---|---|---|---|
|General funds
Endowment
funds
Restricted funds|April 2022
468,836
52,086
8,127|income
1,236,814
6,647|Expenditure
6
(1,359,191)
(298)
(3,312)|Gains/
(Losses)
(1,465)|Balance at 31
March 2023
6
346,459
50,323
11,462|
|Purposes ofrestricted funds|529,049|1,243,461|(1,362,801)|(1,465)|408,244|
##
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##
|General funds
Endowment
funds
Restricted funds|Balance at
1 April 2021
E
483,727
49,798
12,010|Income
1,208,268
745|Expenditure
6
(1,223,159)
(377)
(4,628)|Gains/
(Losses)
L'
2,665|Balance at
31 March
2022f
468,836
52,086
8,127|
|---|---|---|---|---|---|
||545,535|1,209,013|(1,228,164)|2,665|529,049|
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||Capital
funds
2023
6|Restricted
funds
2023
E|Unrestricted
funds
2023
E|Total
funds
2023
6|
|---|---|---|---|---|
|Tangible fixed assets|||||
|Trade investments
Current assets|50,323||247,629|247,629
50,323|
|Creditors due within one year||11,462|251,144
(152,314)|262,606
(152,314)|
|Total|50,323|11,462|346,459|408,244|
|Prior year|||||
||Capital
funds
2022|Restricted
funds
2022|Unrestricted
funds
2022|Total
funds
2022|
||||6|6|
|Tangible fixed assets|||||
|Trade investments
Current assets|52,086|3,311|277,027|280,338
52,086|
|Creditors due within one year||4,816|281,962
(90,153)|286,778
(90,153)|
|Total|52,086|8,127|468,836|529,049|
##
|Reconciliation of|net movement|in funds to net cash flow from operating|activities||
|---|---|---|---|---|
||||2023|2022|
||||E||
|Net expenditure
for|the year (as per Statement of Financial Activities)||(120,805)|(16,486)|
|Adjustments
for:|||||
|Depreciation
charges|||||
|Gains/(losses)
on investments|||49,179|35,141|
|Dividends,
interests
Decrease/(increase)|and rents from investments
in stocks||2,061
(1,183)|(1,911)
(1,497)|
|Decrease/(increase)|in debtors||212|(74)|
|Increase/(decrease)|in creditors||(64,657)|277,395|
||||255,535|(83,661)|
|Net cash provided|by operating|activities|120,342|208,907|
##
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|Analysis|ofcas|h|and|cash equivalents||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||8||
|Cashin|hand|||||105,713|194,331|
|Analysis|ofchanges|||in net debt||||
||||||At 1 April||At 31 March|
||||||2022|Cash flows|2023|
|||||||8|6|
|Cash at|bank and||in hand||194,331|(88,618)|105,713|
|Debt due within||1|year||(2,777)|990|(1,787)|
||||||191,554|(87,628)|103,926|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||||6|
|Not|later|than|1|year|3,759|2,215|
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