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||||||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|
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|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|||||
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##
|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|
##
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##
|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|
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|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|
##
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##
|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|
##
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|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||||
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||||||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|
##
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|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|
##
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##
|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|
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|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||
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|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|
##
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##
|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|
##
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##
##
||||||||||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|
##
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|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|