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2022-12-31-accounts

Page
Trustees'
annual
report (incorporating
the		 director's report)
Independent
auditor's		 report to the members
Statement offinancial activities (including income and
expenditure
account)
Statement
offinancial		 position
Statement
ofcash flows
Notes to the financial statements 12
The following
pages		 do not form part ofthe financial statements
Detailed statement
offinancial activities		 26
Notes to the detailed statement offinancial activities 28

Registered charity name name Torr Home
Charity registration number 202210
Company registration number 05812992
Principal office and registered The Drive
office Hartley
Plymouth
Devon
PL3 5SY
United
Kingdom
The trustees
Mr N Major
Mrs EBosworth (Resigned 1 June 2022)
Mr J Modley
Mr J Roberts
Mrs SStidever (Resigned 1 June 2022)
Company secretary MrJ Roberts
Auditor Westcotts (SW) LLP
Chartered
accountants		 &statutory auditor
Plym House
3 Longbridge Road
Marsh
Mills
Plymouth
PL6 8LT

Consolidate d 0 eratin
Pe		 rformance
Sched		 ule
Prev
OPERATING
PERFORMANCE		 CUMULATIVE Year
December, 2022 ACTUAL BUDGET Cum Act
E 0/
REVENUE INCOME FROM
OPERATIONS 3161020 100.0 3270831 100.0 2701701
PRODUCTIVE LABOUR 2166496 68.5 1984982 60.7 1994203
PROVISIONS 8 FOODSTUFF 95690 3.1 105467 3.2 82687
CONTRIBUTION
BEFORE
OVERHEADS 898834 28.4 1180382 36.1 624811
VARIABLE OVERHEADS 167878 5.3 172470 5.3 145139
CONTRIBUTION
TO FIXEDCOSTS		 730956 23.1 1007912 30.8 479672
FIXED EXPENSES 361969 11.4 416323 12.7 385211
NET CONTRIBUTION 368987 11.7 591589 18.1 94461
GENERAL ADMINISTRATION 423254 13.4 420585 12.9 394905
OPERATING SURPLUS I LOSS 54267 1.7: 171004 5.2 300444

Year ended 3 1 December 2022 December 2022
A reconciliation of operating
performance
highlighting
the major performance
variances		 and cost
savin s is summarised below.
RECONCILIATION OF OPERATING PROFIT—12 Months to31.12.22 GUM E
BUDGETED OPERATING
INCOME
/ (LOSS)		 171004
VARIANCES:
ACTIVITY LEVEL Cumulative
occupancy
level at Torr (including
The Belltor)
running
at 68%against budget of80%and a prev year of62%.
The Glentor curn occupancy
performance
was 91%against a
bud
et of85% and a
revious
ear of80%.		 (193726)
PRICE / MIX
Effect on operation A positive variance
which includes 1"half Government
grants		 of
E47K and the net of
rice mix variances.		 107647
PRODUCTIVE Total labour cost up on budget due to Agency Labour cost being
LABOUR 6403599for the year against a prev year of8413841.New
recruits
will eventually
reduce this level ofexpenditure,
but
progress
will be limited
by the difficult labour market conditions		 in
the Care Sector. (192896)
PROVISIONS Expenditure
well controlled
despite relentless
inflationary		 4055
pressures.
Laundry
E318,Water Rates F(14433),
Energy E2082,
VARIABLE
EXPENSES-		 Transportation
E(613), Resident's
welfare E(2730), Medical costs
—stock management
and Gov free issues - f.12929,Waste
Disposal variance from COVID related cost pressure -
P (5624),
Other costs below budget F6035.		 (2036)
Maintenance
Salaries —down on budget f970, Training costs
P(1199),General rates E5751, Insurances
E1144,Repairs 8
FIXED
EXPENSES-		 Maintenance
F24355, Cleaning f2671, Energy F1397,Revenue
equipment
E(4660), Caredocs E1701,Registration feesf582,
Garden
/ premises
maintenance
E16542, Health 8 Safety
E2232, Misc. / others including
sundry expenses E1681,
De reciation E1187. 54354
Admin salaries F1996,employment
costs —introduction
fees etc.
E(10173),Telephones
F(3948), Printing,
and stationery F7552,
ADMINISTRATION Advertising
E1888,Travelling
Expenses 6193,Profit/(Loss)
on
disposal offixed assets f0, Bad debts 8382, Auditors 2(3135),
Legal 8 Professional
E(308),Others f2884.
(2669)
ACTUAL OPERATING PROFIT/
LOSS		 54267

OPERATING
CASH FLOW		 PREV YR
GENERATION
/ (ABSORPTION)		 ACTUAL BUDGET
E E
OPERATING SURPLUS /
(LOSS) (54267) 171004 (300444)
DEPRECIATION 98145 99332 88732
NET CAPITAL
EXPENDITURE (56505) 111000) (167218)
STOCK 0 0 0
DEBTORS (17802) 17655 (32653)
CREDITORS 31777 67586 35432
OPERATING CASH FLOW - G/(A) 1348 109405 (447015)
NON OPER. CASH FLOW - G/ A
BANK INTEREST (437) (526) (3502)
INVESTMENTS INCOME 37593 30000 34962
RENTAL INCOME 25524 20000 26238
NON OPER. STAFF COSTS (9067) (8814) (7329)
SPECIAL REVENUE PROJECTS (85305) (60000) (106139)
DONATIONS
/ LEGACIES		 138 0 0
RESIDENTS WELFARE INCOME (248) 0 (625)
ADD BACK DEPREC 233 0 467
INVESTMENTS
—(Non-Cash)		 0 0
INVESTMENTS - (Sales Proceeds less
purchases) 100564 100000 0
0
NON OPER. CASH FLOW - G/(A) 80660 5'5928
TOTAL CASH FLOW - G/ A 70344 502943

Ca
ital
budget		 Ex enditure
Additions
for the
full year to
off250000.See below:		 Ex enditure
Additions
for the
full year to
off250000.See below:		 Ex enditure
Additions
for the
full year to
off250000.See below:		 31Decemb er
2021 was		 F167218 agains t a
PROJECT TORR CAPITAL EXPENDITURE 2022 12 PRE CUMULATIVE ESTIMATED
MONTHS
SPEND 2022 SPEND OUTSTAND ING
REF NO PROJECT DESCRIPTION TO SPEND TO EXPENDITURE
Dec'22 Dec'22 DEC'22
P E
PROJECTS - (above 850K)
015 Dementia
Day Room		 0.00 1084.00 1084.00 150000.00
Belltor Dementia
Pro ect:-
101 New Nurses Office 0.00 6820.00 6820.00
101 Belltor Security upgrade 0.00 11718.40 11718.40
101 Enhanced
Nursecall
System		 0.00 11828.00 11828.00
New Staircase to aid Residents' Safety &
101 Security 0.00 11122.00 11122.00
101 Bellator Room 43 Upgrade 0.00 7490.00 7490.00
101 Belltor Room 36 upgrade 0.00 5247.00 5247.00
101 Belltor Bathroom
Equipment		 Upgrade 0.00 1113.00 1113.00
101 Belltor Safety Handrail
System		 0.00 5451.00 5451.00
119 Room 37 Upgrade 0.00 10661.00 10661.00
Belltor Central
Heating
& Hot Water
100/101 Upgrade 0.00 30702.00 30702.00
101 New Bedroom
Furniture
Bell-Torr		 0.00 8495.93 8495.93
101 Privacy Blinds 0.00 5763.08 5763.08
101 Ground
Floor Wet Room		 0.00 2456.00 2456.00
101 New Ground
Floor Kitchen		 0.00 12451.61 12451.61
New Electricity Supply Annexe & New
106 Day Centre 0.00 8841.00 8841.00
101 Ground
Floor Sluice		 0.00 1916.00 1916.00
101 Belltor Room 24 upgrade 0.00 11367.80 11367.80
013 Belltor pipework 14653.00 14653.00
Total Bell-Torr Dementia
Project		 14653.00 153443.82 168096.82 COMPLETE
129 New Conservatory 6646.00 54400.45 61046.45 COMPLETE
SUB TOTAL 21299.00 208928.27 230227.27 150000.00
PROJECTS - (above 210Kand up to
850K)
015 Upgrade
room 18to include wet		 room 12814.00 792.00 13606.00 COMPLETE
SUB TOTAL 12814.00 13606.00
PROJECTS - (F2K up to 210K)
Electronic Door Closers Torr Nursing 3543.00 3890.00 7433.00 COMPLETE

Yea r ended 31 December 2022
Main House Top Floor Capital
15 Improvements 5667.00 5667.00 3000
30 Internet
Upgrade to Fibre-Optic		 7193.00 7193.00 COMPLETE
SUB TOTAL 16403.00 3890.00 20293.00 3000
Miscellaneous
Ca
ital Items incl Nursin
~Eui
ment (up to 22K):
020 Bain Marie Torr Nursing 1175.00 1175.00
020 Buffalo Range Oven
—Main House		 559.00 559.00
Computing
Equipment
- Facilities
030 Manager 575.00 575.00
030 CEO 655.00 655.00
30
040		 Financial
Controller
Torr Nursing
-2 * electric care beds
Torr Nursing
- 1 *ARJO Sara Stedy		 525.00
1300.00		 525.00
1300.00
040 Standing
Aids		 1200.00 1200.00
SUB TOTAL 5989.00 0.00 598900 COMPLETE
Total capital Spend Jan to Dec 56505.00 212818.27 270115.27 156000.00
Assets disposed @WDBV 0.00 0.00
Net Ca
ital Ex enditure		 56505.00 212818.27 270115.27 156000.00

S ecial Revenue Pro ects 2022
Full Year
CHART Expenditure
OF BRIEFDESCRIPTION OF EXPENDITURE December COMMENTS
ACCOUNT E
Major Refurbishment Work to
8301 Glentor Bedrooms Bedrooms 148 15 10411
8340 Bedroom 5 3865
14276
Overdue work
8302 Main House Top Floor Major
Refurbishment		 10083 exacerbated
by
Storm Eunice
dama e
8302 Main House Special Revenue
Pro ects		 Temporary
Facilities		 Storage 1485
8302 Main House Special Revenue
Pro'ects		 Electronic door
closers		 2379
Main House Bedrooms
8320 Refurbishment Room 16 6930
Room 9 4909
Room 4 3573
Room 2 4000
8350 Room 4 1864
Room 7 3720
Total Expenditure 24996
8339 Storm Eunice Damage Perimeter Fence
Repairs		 1760 Not covered
insurance		 by
8351 5097
6857
Special Revenue
8348 Refurbishment ofApartments No 43The Drive 5668
No 45 The Drive 8067
No 59The Drive 5347
19082

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note
Income and endowments
Donations
and legacies		 5 138 140 278 210
Charitable
activities		 6 3,113,065 3,113,065 2,554,751
Investment
income		 7 111,072 111,072 208,149
Total income 3,224,275 140 3,224,415 2,763,110
Expenditure
Expenditure
on raising funds:
Investment
management		 costs 8 9,472 9,472 10,279
Expenditure
on charitable		 activities 9,10 3,384,083 248 3,384,331 3,109,461
Total expenditure 3,393,555 248 3,393,803 3,119,740
Net gains on investments 12 (65,965) (65,965)
Net expenditure (103,315) (108) (103,423) (356,630)
Other recognised
gains		 and losses
Other gains/(losses) (275,861) (275,861) 169,447
Net movement
in funds		 (379,176) (108) (379,284) (187,183)
Reconciliation
offunds
Total funds brought
forward		 6,295,820 2,550 6,298,370 6,485,553
Total funds carried forward 5,916,644 2,442 5,919,086 6,298,370

31 Oecember 20 2 2
2022 2021
Note F
Fixed assets
Tangible fixed assets 16 4,733,250 4,854,789
Investments 17 1,107,273 1,417,732
5,840,523 6,272,521
Current assets
Debtors 18 99,526 90,062
Cash at bank and in hand 290,910 276,332
390,436 366,394
Creditors: amounts falling due within one year 19 311,873 340,545
Net current assets 78,563 25,849
Total assets less current liabilities 5,919,086 6,298,370
Net assets 5,919,086 6,298,370
Funds ofthe charity
Restricted funds 2,442 2,550
Unrestricted
funds:
Revaluation reserve 1,803,711 1,803,711
Other unrestricted income funds 4,112,933 4,492,109
Total unrestricted funds 5,916,644 6,295,820
Total charity funds 22 5,919,086 6,298,370

Company
Limited
by Guarantee
Statement ofCash Flows
Year ended 31 December 2022
2022 2021
E
Cash flows from operating
activities
Net expenditure (103,423) (356,630)
Adjustments
for:
Depreciation
oftangible
fixed assets		 178,044 89,201
Net gains on investments (65,965)
Dividends,
interest and rents from investments		 (63,117) (61,200)
Other interest receivable
and similar income		 (47,955) (146,949)
Changesin:
Trade and other debtors (9,464) (100,474)
Trade and other creditors 27,091 32,178
Cash generated
from operations		 (84,789) (543,874)
Interest received 47,955 146,949
Net cash used
in operating
activities		 (36,834) (396,925)
Cash flows from investing
activities
Dividends,
interest and rents from investments		 63,117 61,200
Purchase oftangible assets (56,505) (172,402)
Proceeds from sale oftangible assets 5,183
Purchases
ofother investments		 (59,756)
Proceeds from sale ofother investments 160,319
Net cash from/(used
in) investing
activities		 107,175 (106,019)
Cash flows from financing
activities
Proceeds from borrowings (55,763) (137,398)
Net cash used
in financing
activities		 (55,763) (137,398)
Net increase/(decrease)
in cash and cash		 equivalents 14,578 (640,342)
Cash and cash equivalents
at beginning		 ofyear 276,332 916,674
Cash and cash equivalents
at end ofyear		 290,910 276,332

Depreciation
Depreciation
is calculated		 so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life ofthat asset as follows:
Freehold
property		 50years straight line
Fixtures and fittings Between 2%and 30%on cost
Motor vehicles over 5years
Assets under construction Not depreciated
Improvements
to property		 Between 2% and 30%on cost

Donations
and legacies
Unrestricted Restricted Total Funds
Funds Funds 2022
E F
Donations
Donations 138 140 278
Unrestricted Restricted Total Funds
Funds Funds 2021
E
Donations
Donations 210 210

Charitabl e
activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
F F E
Residents fees 2,961,471 2,961,471 2,384,642 2,384,642
Ancillary services 8,451 8,451 37,323 37,323
Sheltered appartment rents 143,143 143,143 132,786 132,786
3,113,065 3,113,065 2,554,751 2,554,751

Investment
income
Unrestricted Total Funds Unrestricted Total Funds
Funds
F		 2022
f		 Funds 2021
Rents received 25,524 25,524 26,238 26,238
Income from quoted securities 37,593 37,593 34,962 34,962
Sundry income 47,955 47,955 146,949 146,949
111,072 111,072 208,149 208,149

Investme nt
management
cos		 ts
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
F
Portfolio management 9,472 9,472 10,279 10,279
Expenditu re
on charitable
activities		 by fund type
Unrestricted Restricted Total Funds
Funds Funds 2022
E E
Charitable activities 3,048,132 233 3,048,365
Support costs 335,951 15 335,966
3,384,083 248 3,384,331
Unrestricted Restricted Total Funds
Funds Funds 2021
F
Charitable activities 2,744,859 467 2,745,326
Support costs 363,978 157 364,135
3,108,837 624 3,109,461

Expenditu re
on charitable
ac		 tivities by activity typ e
Activities
undertaken Total funds Total fund
directly Support costs 2022 2021
F
Charitable activities 3,048,365 335,966 3,384,331 3,109,461

Analysis of Analysis of
support costs Total 2022 Total 2021
E
Staff costs 270,409 270,409 290,736
General office 7,406 7,406 10,044
Finance costs 1,970 1,970 2,732
Travelling
expenses		 932 932 1,017
Interest payable 827 827 3,502
Auditors
remuneration		 8,647 8,647 5,200
Legal and professional fees 5,313 5,313 5,148
Telephone 4,198 4,198 18
Postage, stationery and advertising 36,265 36,265 45,738
335,967 335,967 364,135
12. Net gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E F E
Gains/(losses)
on listed		 investments 65,965 65,965
13. Net expenditure
Net expenditure is stated after charging/(crediting):
2022 2021
F
Depreciation
of		 tangible fixed assets 178,044 89,201
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows
2022 2021
Wages and salaries 2,330,619 2,162,904
Social security costs 199,762 177,176
Employer
contributions		 to pension plans 37,465 34,945
2,567,846 2,375,025
The average
head count of employees
offull-time
equivalent
employees
during		 during the year was
the year is analysed		 96 (2021:
as follows:		 83).The average number
2022 2021
No. No.
Home 96 83

Tangible fixed as sets
Assets Improvemen
Freehold Fixtures and Motor under ts to
property fittings vehicles construction property Total
E E E
Cost
At 1 Jan 2022 3,983,276 771,803 23,004 133,912 860,710 5,772,705
Additions 13,183 43,322 56,505
At 31Dec 2022 3,983,276 784,986 23,004 133,912 904,032 5,829,210
Depreciation
At 1 Jan 2022 40,987 566,340 23,004 287,585 917,916
Charge for the
year 79,666 60,909 12,985 24,484 178,044
At 31 Dec 2022 120,653 627,249 23,004 12,985 312,069 1,095,960
Carrying
amount
At 31 Dec 2022 3,862,623 157,737 120,927 591,963 4,733,250
At 31 Dec2021 3,942,289 205,463 133,912 573,125 4,854,789

Investments
Listed
investmentsf
Cost or valuation
At 1 January 2022 1,417,732
Additions 59,756
Disposals (94,354)
Other movements (275,861)
At 31 December 2022 1,107,273
Impairment
At 1January 2022 and 31December 2022
Carrying
amount
At 31 December 2022 1,107,273
At 31 December 2021 1,417,732

The investmen
Debtors		 ts
held are publicly traded and therefore		 are measured
reliably.
2022
f		 2021f
Trade debtors 91,279 84,279
Prepayments and accrued income 8,247 5,783
99,526 90,062

19. Creditors: amou nts
f		 alling due within one year
2022 2021
Bank loans and overdrafts 55,763
Payments
received on		 account 13,100 13,100
Trade creditors 57,889 69,297
Accruals and deferred income 184,839 154,461
Social security and other taxes 52,519 43,686
Other creditors 3,526 4,238
311,873 340,545
20. Deferred income
2022 2021
E
Amount
deferred		 in year 72,818

Unrestricted funds
At At
1 January 20 Gains and 31 December
22 Income Expenditure losses 2022
E E F
General funds 4,492,109 3,224,275 (3,393,555) (209,896) 4,112,933
Revaluation reserve 1,803,711 1,803,711
6,295,820 3,224,275 (3,393,555) (209,896) 5,916,644
At At
1 January 20 Gains and 31 December
21 Income Expenditure losses 2021
F E E F
General funds 4,678,878 2,762,900 (3,119,116) 169,447 4,492,109
Revaluation reserve 1,803,711 1,803,711
6,482,589 2,762,900 (3,119,116) 169,447 6,295,820

At
At Gains and 31 December
1 January 22 Income Expenditure losses 22
E E F E
Restricted Fund 2,550 140 (248) 2,442
At
At Gains and 31 December
1 January 21 Income Expenditure losses 21
E F
Restricted Fund 2,964 210 (624) 2,550
23. Analysis of net assets between funds
Unrestricted Restricted TotalFunds
Funds Funds 2022
E F
Tangible fixed assets 4,733,250 4,733,250
Investments 1,107,273 1,107,273
Current assets 387,994 2,442 390,436
Creditors less than 1 year (311,873) (311,873)
Net assets 5,916,644 2,442 5,919,086
Unrestricted Restricted Total Funds
Funds Funds 2021
E E
Tangible fixed assets 4,854,556 233 4,854,789
Investments 1,417,732 1,417,732
Current assets 363,695 2,317 366,012
Creditors less than 1 year (340,163) (340,163)
Creditors greater than
1 year
Net assets 6,295,820 2,550 6,298,370
24. Financial instruments
The carrying amount for each category of financial instrument
is as follows
2022 2021
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments measured at amortised
cost 87,211 71,873

Yea r ended 31 December 2022 r ended 31 December 2022 r ended 31 December 2022
24. Financial instruments
(continued)
2022 2021
Financial liabilities measured at amortised cost
Financial
liabilities measured		 at amortised cost 109,866 284,453
25. Analysis ofchanges
in net		 debt
At
At 1 Jan 2022
E		 Cash flows
E		 31 Dec 2022
f
Cash at bank and in hand 276,332 14,578 290,910
Debt due within one year (55,763) 55,763
220,569 70,341 290,910

The total future
minimum		 lease payments under non-cancellable operating leases are as follows: leases are as follows:
2022 2021
E
Not later than
1 year		 18,284 19,101
Between 1 —5years 47,513 70,977

2022 2021
Income and endowments
Donations
and legacies
Donations 278 210
Charitable
activities
Residents' fees 2,961,471 2,384,642
Ancillary services 8,451 37,323
Sheltered
apartment		 rents 143,143 132,786
3,113,065 2,554,751
Investment
income
Rents received 25,524 26,238
Income from quoted securities 37,593 34,962
Sundry income 47,955 146,949
111,072 208,149
Total income 3,224,415 2,763,110

2022f 2021f
Expenditure
Investment
management		 costs
Portfolio management 9,472 10,279
Charitable
activities
Wages and salaries 2,090,087 1,899,244
Social security 174,706 150,100
Pensions 32,645 34,945
Safety equipment repairs and maintenance 7,668 4,173
Rates 8 water 27,923 15,591
Fuel, light 8 heat 54,707 51,433
Repairs 8 maintenance 154,798 208,550
Insurance 23,269 18,083
Residents
welfare		 10,642 7,165
Medica! charges 43,573 46,883
Registration
fees		 39,322 27,997
Cleaning
materials		 18,735 20,099
Waste disposal 28,849 20,655
Staff training 5,196 3,771
Minibus
running
expenses		 2,514 7,868
Depreciation 178,044 89,201
Profit/loss
on sale		 oftangible asset 5,335
Provisions 95,690 82,687
Laundry 25,712 24,178
Equipment
and furnishings		 19,942 24,219
Equipment
hire		 14,403 13,882
Bad debt 60 63
3,048,365 2,745,326
Support costs
Wages/salaries 240,532 263,660
Social security 25,056 27,076
Pensions 4,820
Travelling
expenses		 932 1,017
Auditors'
remuneration		 - non-audit 8,647 5,200
Legal and professional fees 5,313 5,148
Telephone 4,198 18
Postage, stationery and advertising 36,265 45,738
Sundries 7,406 10,044
Bank charges 1,970 2,732
Interest payable 827 3,502
335,966 364,135
Expenditure
on charitable		 activities 3,384,331 3,109,461
Net gains on investments
Gains/(losses)
on		 listed investments 65,965
Net expenditure 103,423 356,630