2022-03-31-accounts - Baxendale Care Home

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The Trustees have pleasure in presenting their report and the au 2022.	The Trustees have pleasure in presenting their report and the au 2022.	The Trustees have pleasure in presenting their report and the au 2022.	dited fi	nanci	al statements	forthe year en	ded 31 Mar
REFERENCE AND ADNIINISTRATIVE INFORMATION
The Trustees/Members	who served during	the period and the committees			on which they	serve are:
Mrs J E Cronin	(Chairman of House Committee and member			of Finance 8 General Purposes			Committee)
Nlr C Liversidge	(Chair of Finance	&General Purposes	Committee)
Nlr A Henderson	(Member Finance	8 General Purposes	Committee)
Mr BR Nlaunder-Taylor (Member of		Finance 8 General Purposes		Committee)
Mr BCharles	(Chair oftrustees	and member of Finance 8 General Purposes				Committee)
Mrs C Bannister	(Member of House Committee)
Mr AJacobson
Mr P Smith	(Member Finance	8 General Purposes	Committee)
Mr R Ellis
Mrs M Testar
Mr P Burd
Ms FHalstead

		Unrestricted	Restricted	Permanent	Permanent		Total
		Income	Income	Endowment		Total	15 months	to
		Funds	Fund	Fund		2022	31.032021
	Notes	F			E	E	E
Income and endowments	from:
Income from Charitable activities
Donations and legacies		3,303				3,303	1,294,622
Charitable activities		1,454,723				1,454,723	1,944,537
Income from Investments
Investment and other income				263,520		263,520	309,750
Other income		101881				1D1881	128276
Total Income and endowments		1 559907		263	520	1 823427	3677 185
Expenditure on:
Charitable activities		1,984,356				1,984,356	2,593,375
Other		60 503				60 503	92 802
Total expenditure		2 044 859				2 044 859	2 686 177
Net income / (expenditure)	before
Gains / (losses) on investments		(484,952)		263,520		(221,432)	991,008
Net gains i (tosses) on investments		3 154		643	D89	646 243	383786
Net income / (expenditure)		(481,798)		906,609		424,811	1,374,794
Gains / (losses) on
Fixed assets
Transfers between funds	2	263 520		~263	520
Net movement in funds		(218,278)		643,089		424,811	1,374,794
Reconciliation offunds:
Total funds brought forward at 1 April 2021		2 642 370		10237	093	12879463	11504669
Total funds carried forward
at 31 March 2022		242c~9		Q)~i	182	~133 ~24	12 ~8

Page 8
BALANCE SHEET 31March 20'
			2022	2021
		Notes	E	E
-TEDASSETS Tangible assets Investments			3,364,599 7 89G.G60	2,605,463 ~753189
			~11~59	9858.652
CURRENT ASSETS Stock Debtors and prepayments Investments Cash at bank and in hand		2.731 7 6	2,88:" 324,228 151.312 ~15242	1,307,107 137,540 ~174 8 0
			2.33 6 1
CREDITORS: amounts	falling due within one year	8	277676	175528
NET CURRENT ASSETS			~05~j.5	802008 I
TOTAL ASSETS LESS	CURRENT LIABILITIES		13,304,274	12,879,463
CREDITORS: amounts	falling due after one year	9
TOTAL ASSETS LESS	LIABILITIES		~13g4274	'~7iL46.
CAPITAL FUND Permanent Endowment	Fund	10/16	10,880,182	10,237,093
INCOME FUND Restricted Fund Unrestricted Fund Designated Funds		12	1,714,650 709442	2,035,698 ~06 672
TOTAL FUNDS			13~34~	j 28~73.


BAXENDALE CARE HOME			Page
STATEMENT OF CASH FLOWS
For the year ended 31 Ilarch 2022
	2022		2021
			E
Cash flow from operating activities	615209		516755
Cash flow from investing activities
Payments to acquire tangible fixed assets	(774,119)		(393,236)
Payments to acquire investments	(1,000)		(1,000)
Investments realised (acc. Divis paid)
Investment income received	263,520		309,750
Proceeds from liquidation of investment
Net cash flow from investing activities	511599		84486
Net cash flow from financing activities	103610		01 241
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 April 2021	1,748,810		2,350,051
Cash and cash equivalents at 31 March 2022	1 852 420		1 748 810
	103610		~601 241
Cash and cash equivalents consist of:
Cash at bank and in hand	'I,852,420		1,748,810
Long term loan
	1 852420		1 748 810
Reconciliation of net income / (expenditure)	to net cash flow from operating	activities
Net income / (expenditure) for year	424,811		1,374,794
Investment income received	(263,520)		(309,750)
Depreciation of fixed assets	14,983		21,750
(Gains) / losses on investments	(646,243)		(383,786)
(Increase) / decrease in stock	151		426
(Increase) / decrease in debtors	982,879		(1,216,091)
(Decrease) / increase in creditors	102,148		(4,098)
Net cash flow from operating activities	615209		516755

			12 months	12 months	12 months	12 months	12 months	15months
				2022	2022	2022	2022	31.03.2021
			General		Comforts	Endowment	Total	Total
				Fund	Fund	Fund
			(unrestricted)		(restricted)
				E	E
Charitable activities
Staff salaries			524,277 1,				1,524,277	1,988,230
Catering costs				95,010			95,010	129,112
Cleaning and household				41,708			41,708	57,561
Programme activities				2,757			2,757	21,600
Medical services				6,212			6,212	7,764
Registered fees				6,967			6,967	10,550
Garden				5,411			5,411	15,291
Property repairs	8	maint.		49,394			49,394	60,731
Repairs & renewal		equipment		27,858			27,858	35,567
Light and heat				71,059			71,059	68,055
Rates				(8,303)			(8,303)	6,390
Insurance				18,826			18,826	20,138
Water and sewage				7,813			7,813	10,422
Waste collection				8,673			8,673	10,318
Depreciation				14,983			14,983	21,750
Equipment hire				14,013			14,013	17,536
Telephone				4,783			4,783	5,370
Printing, stationery		8 postage		8,396			8,396	10,439
Advertising, brochures			and
website				29,396			29,396	19,630
Sundry expenses				9,902			9,902	24,948
Gifts to residents				1,196			1,196
I TSupport				6,371			6,371	7,499
Staff advertising	8	training		5,358			5,358	4,547
Book-keeping and		secretarial		25,099			25,099	30,172
Consultancy				7 197			7 197	9 755
			1	984 356			1 984 356	2 593375

											2022		2021
Other
Secretarial	services					25,098					25,098		30,171
Audit						4,730					4,730		5,810
Grant from	Mary Westby			Trust									46,372
Legal and professional						30675					30675		1D449
						60 503					60 503		92 8D2
				~2044 85						~20	~8		~2686 1
TOTAL RESOURCES EXPENDED
						Staff	Depreciation		Other		Total		Total
						Costs			Costs		2022		2021
						F					E		E
Charitable activities					1,587,953			14,983	381,420	1,984,356			2,652,769
Other											60 503
					1	587 953		14983	381420	2 044 859		.	2652769
Staff costs:
Wages and	salaries				1,402,128								1,791,828
Social security costs						120,639							153,967
Agency staff						4,133							55,100
Pension contributions						61 053							74 987
					~158 ~9								~)~I)52
No employee	earned		f60,000		p.a. or more		from the Charity for		the year.
											2022		2021
The average	number		ofemployees, analysed					by function was
Directcha	ritable	e	xpen	diture							51

TANGIBLE	FIXEDA	SSETS
				Functional	Freehold		Furniture,	fixtures
			Conservatory		land 8 buildings		Equipment 8 fittings		Total
				E		E			E
Cost brought	forward	1April	2021	37,670	2,534,085		232,359	229,738	3,033,852
Additions					759,104		5,346	9,669	774,119
Transfer to Investments
At 31 March	2022			37 670	3293	189	237 705	239407	3807971
Depreciation	at 1 April	2021		28,563			192,806	207,020	428,389
Charge for period				2 428			9040	3515	14983
At 31 March	2022			30991			201 846	21D535	443 372
NET BOOK At 31 March At 31 March	VALUES 2022 2021			~79 ~9	3~~i~ ~234 085		3~5 :39553	28 822 ~718	~364+94 ~!~463

FIXEDASSET	INVESTIIENTS	INVESTIIENTS
			2022	2021
			F
UK investment	properties
Opening cost/valuation		1 April 2021	3,075,000	2,925,000
Closing market	value	31 March 2022	~55 000	3l}75QQQ
Closing historical cost		as at 31 March 2022	552 6	52 629
UK investments	listed on a recognised stock exchange
Opening market	value	1 April 2021	4,178,189	3,952,607
Net investment	gains	/ (losses)	353,471	225,582
Additional investment
Closing market	value	31 March 2022	4 531 660	~~1
Closing historic	cost as at 31 March 2022		3530 039	35ZI,Q39
Closing total market		value 31 March 2022	~I6660
Closing total historic cost as at 31 March 2022			4LQ82 668	+08~IL8

6.	CURRENT AS	SET IN	VE	STMEN	TS
						2022	2021
						E	E
	Quoted Investments:
	Opening market	value	1 April 2021			137,540	128,336
	Additions —Extraordinary			Repair	Fund	1,000	1,000
	Net unrealised	investment		gains	/ (losses)	12772	6 204
	Market value 31 March		2022			151312	M7540
	Closing historical cost		as	at 31 March 2022			111934
7.	DEBTORS
	P repayments Legacy notified	but not	paid			31,827 273,132	13,841 1,250,000
	Other debtors					19269	43266
						32~	~130710

ANALYSI	S OF	NET AS	SETS BETWEEN	SETS BETWEEN	FUNDS
			Tangible			Net Current	Amounts
			Fixed	Assets	Investments	Assets/(Liabilities)	due &1 yr	Total
			F		F	F
UNRESTRICTED FUNDS
General				71,410		1,643,240		1,714,650
Designated					151312	558 130		709 442
				71,410	151,312	2,201,370		2,424,092
RESTRICTED		FUNDS
Comforts	Fund
				71,410	151,312	2,201,370		2,424,092
ENDDlNMENT		FUND	3	293 189	7886 660	~299667		10 880 182
			X36~		RE~2	~~03

APPLICATION OF THE POWER OF TOTAL RETURN
The Charity Commission permitted the Trust to adopt	the use of total	return in relation	to its permanent
endowment investments and this has been applied since	1 January 2006.	The power permits		the Trustees to
invest the portfolio to maximise total return and to apply an	appropriate portion ofthe total return			to income each
year. Until the power is exercised to transfer a portion of	unapplied total return to income (as			disclosed in	the
fund transfers, note 2), the unapplied total return remains	invested as part	ofthe Permanent	Endowment.		The
original gift to the Charity was estimated as at30December 1960and agreed with the Charity			Commission.		The
balance ofthe Permanent Endowment as at 1 January 2006 was then agreed as the unapplied				total return.
The investment fund and application oftotal return	2022			2021
to permanent endowment:
Unapplied total return as at 1 April 2021	9,958,332			9,592,466
Add: Investment return: Dividends, interest, rents	263,520			309,750
Gains and losses	643,089			365,866
	10,864,941			10,268,082
Less: Unapplied total return applied	~263520			~309750
	10,601,421			9,958,332
Balance to carry forward	10,601,421			9,958,332
Add: Original value ofthe gift 30 December 1960	278 761			278 761
Permanent Endowment Fund including unapplied total return 10880 182				1023~0@

		Unrestricted	Restricted	Permanent	Permanent	Total
		Income	Income	Endowment		31 March
		Funds	Fund	Fund		2021
		E	F		F
Income and endowments	from:
Income from Charitable activities
Donations and legacies		1,294,622				1,294,622
Charitable activities		1,944,459	78			1,944,537
Income from Investments				309,750		309,750
Other income		128276				128276
Total Income and endowments		3367357	78	309	75D	3677 185
Expenditure on:
Charitable activities		2,592,435	940			2,593,375
Other		92 802				92 802
Total expenditure		2 685 237	940			2 686 177
Net income / (expenditure)	before
Gains / (losses) on investments		682,120	(862)	309,750		991,008
Net gains Ilosses on investments		17920		365	866	383786
Net income / (expenditure)		700,040	(862)	675,616		1,374,794
Gains / (losses) on revaluation
Fixed assets
Transfers between funds		309 174	576	~309	750
Net movement in funds		1,009,214	(286)	365,866		1,374,794
Reconciliation offunds:
Total funds brought forward
at 1 January 2020		1 633 156	286	9 871	227	11504 669
Total funds carried forward
at 31 Ilarch 2021				102~(393		1287~93