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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||||||||
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|||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|
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||||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|||
##
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|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|
|5.|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|
##
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|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|
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|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|||
##
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|16.|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|
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