## ## ## ||||Pages| |---|---|---|---| |Trustees'|annual
report||1to9| |Independent
auditor's||report to the members|10to 13| |Statement|of financial|activities|14| |Statement|of financial|position|15| |Statement|of cash flows||16| |Notes to the financial||statements|17to 27| ## ## ## ## |Reference|Reference|and adm|inistrative|details|details||| |---|---|---|---|---|---|---|---| |Registered||charity|name|Susan Day Residential||Home|| |Charity registration|||number|205695|||| |Principal|office|||South Lodge|||| |||||Runnacleave|Road||| |||||llfracombe|||| |||||Devon|||| |||||EX34 BAQ|||| |The trustees||||J Donovan|||| |||||M G Thomas|||| |||||G A Hills|||| |||||A Thomas-Stafford|||| |||||P Jaggers
S D Roles|||| |||||E A Cooper|||| |Auditor||||Westcotts (SW) LLP|||| |||||Chartered
Accountants||8 Statutory|Auditors| |||||47 Boutport|Street||| |||||Barnstaple|||| |||||Devon|||| |||||EX31 1SQ|||| |Bankers||||Lloyds Sank|pic||| |||||109High Street|||| |||||llfracornbe|||| |||||Devon|||| |||||EX349EU|||| ## ## ## ## ## ## ||Low|Likelihood||Low Likelihood| |---|---|---|---|---| ||Low|Severity of Impact||High Severity of| |||||Impact| |111:|High|Likelihood|IV:|High Likelihood| ||Low|Severity of Impact||High Severity of| |||||Impact| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Y|ear end|ed 31 March|2023||| |---|---|---|---|---|---|---|---| ||||||2023||2022| |||||Unrestricted|Restricted||| |||||funds|funds|Total funds|Total funds| ||||Note|2|2||| |Income and endowments|||||||| |Donations
and legacies
Charitable
activities
Investment
income|||4
5
6|4,053
1,145,026
1,279|1,850|5,903
1,145,026
1,279|128,270
1,098,552
1,215| |Other income|||7|2 040||2,040|4,274| |Total income||||1,152,398|1,850|1,154,248|1,232,311| |Expenditure
Expenditure
on charitable
Other expenditure|activities||8,9
11|1,150,511
945|1,811|1,152,322
945|1,155,055
6,803| |Total expenditure||||1,151,456|1,811|1,153,267|1,161,858| |Net Income and net movement||In|funds|942|39|981|70,453| |Reconciliation
offunds|||||||| |Total funds brought
forward||||735,189||735,189|664,736| |Total funds carried forward||||736,131|39|736,170|735,189| ## ## ## |||||||2023||2022| |---|---|---|---|---|---|---|---|---| ||||||Note|6||8| |Fixed assets||||||||| |Tangible fixed assets|||||15||382,013|387,183| |Current assets||||||||| |Stocks|||||16|2,535||2,611| |Debtors|||||17|20,780||25,655| |Cash at bank|and|in hand||||361,733||339,783| |||||||385,048||368,049| |Creditors: amounts|||falling|due within one year|18|30,891||20,043| |Net current|assets||||||354,157|348,006| |Total assets|less|current||liabilities|||736,170|735,189| |Net assets|||||||736,170|735,189| |Funds ofthe charity
Restricted funds
Unrestricted
funds|||||||39
736,131|735,189| |Total charity|funds||||21||736,170|735,189| ## ## ## |||Year en|ded 31 March 20|23|| |---|---|---|---|---|---| |||||2023|2022| |||||8|| |Cash flows from operating
Net income|activities|||981|70,453| |Adjustments
for:
Depreciation
of tangible fixed
Government
grant income
Other interest receivable
and|assets
similar income|||5,170
(1,279)|5,170
(74,768)
(1,215)| |Accrued expenses||||5,391|1,471| |Changesin:
Stocks||||76|(719)| |Trade and other debtors||||4,875|(19,205)| |Trade and other creditors||||5,457|(12, 1 43)| |Cash generated
from operations||||20,671|(30,957)| |Interest received||||1,279|1,215| |Net cash fromi(used
in) operating||activities||21,950|(29,742)| |Cash flows from financing
Government
grant income|activities||||74,768| |Net cash from financing
activities|||||74,768| |Net increase
in cash and cash
Cash and cash equivalents
at||equivalents
beginning|ofyear|21,950
33$,783|45,026
294,757| |Cash and cash equivalents|at|end of year||361,733|339,783| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4.|Donations|and legacies|fcorvrnuvv)||||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total Funds| ||||||Funds|Funds|2022| ||||||||I'.| ||Donations||||||| ||Donations|- general|||1,386||l,386| ||Legacies
Legacies||||52,116||52,116| ||Grants||||||| ||Government|grant income|- Govid||5,408|69,360|74,768| ||||||58,910|69,360|128,270| |5.|Charitable|activities|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| |||||2|2||| ||Residents fees - general
Bursary fees|||1,144,081
945|1,144,081
'945|1,091,749
6,803|1,091,749
6,803| |||||1,145,026|1,145,026|1,098,552|1,098,552| |6.|Investment|income|||||| |||||Unrestricted|Total Funds|Unrestdicted|Total Funds| |||||Funds|2023|Funds|2022| |||||2|2|2|| ||UK bank deposit account||interest|1,279|1,279|1,215|1,215| |7.|Other Income||||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| ||||||2||| ||Other income|||2,040|2,040|4,274|4,274| ## ## ## ## |Expenditu|re
on charitable activiti|es by fund type||| |---|---|---|---|---| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|2023| |||2||2| |General fund||1,127,749|1,811|1,129,560| |Amenities|fund|4,160||4,160| |Support costs||18,602||18,602| |||1,150,511|1,811|1,152,322| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|2022| |||||5| |General fund||1,068,994|69,360|1,138,354| |Amenities|fund|1,668||1,668| |Support costs||15,033||15,033| |||1,085,695|69,360|1,155,055| ## |||||Activities||||| |---|---|---|---|---|---|---|---|---| |||||undertaken||Total funds|Total fund|| |||||directly|Support costs|2023||2022| |||||6|6|6||| |General fund||||1,129,560|18,602|1,148,162|1,153,387|| |Amenities|fund|||4,160||4,160||1,668| |||||1,133,720|18,602|1,152,322|l,155,055|| |Analysis|of support costs|||||||| ||||||Charitable|||| ||||||activities|Total 2023|Total 2022|| |||||||2||6| |Printing, postage, stationary
Accountancy
fees
Audit fees|||and adverts||2,355
5,664
1,690|2,355
5,664
1,690||1,484
4,563
1,600| |Consultancy
Bank charges||charges|||8,768
125|8,768
125||7,366
20| ||||||18,602|18,602||15,033| ## ## |Other e|xpenditure||||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Total|Funds|Unrestricted|Total|Funds| |||Funds||2023|Funds||2022| |||||2|||| |Bursary|costs|945||945|6,803||6,803| ## ## ## ## ## ## ## ## ## ## ## |16.|Stocks|||Year en|ded 31 March 2023||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||||2|| ||Raw materials||and consumables|||2,535|2,611| |17.|Debtors||||||| |||||||2023|2022| |||||||2|| ||Trade debtors|||||12,732|16,281| ||Prepayments|and accrued income||||8,048|9,374| |||||||20,780|25,655| |18.|Creditors: amounts|||falling due within|one year||| |||||||2023|2022| |||||||2|| ||Trade creditors|||||17,136|11,657| ||Accruals and|deferred||income||13,755|8,364| ||Social security||and other taxes||||22| |||||||30,891|20,043| |19.|Pensions and||other|post retirement|benefits||| ## |The amounts|recognised
in the financial statements|recognised
in the financial statements|for government|grants are as follows:|| |---|---|---|---|---|---| |||||2023|2022| |||||2|2| |Recognised|in income from donations|and legacies:|||| |Government|grants income||||74,768| ## ## ## ## ## |||||At|||At 31 March| |---|---|---|---|---|---|---|---| ||||1|April 2022|Income|Expenditure|2023| ||||||2||2| |General|Fund|||183,600|1,148,677|(1,139,717)|192,560| |Amenities|fund|||14,406|3,721|(6,569)|11,558| |Property
reserve
Contingency
fund||||387,183
150,000||(5,170)|382,013
150,000| |||||735,189|1,152,398|(1,151,456)|736,131| |||||At|||At 31 March| ||||1|April 2021|Income|Expenditure|2022| |||||2|2||| |General|Fund|||108,041|1,161,845|(1,086,286)|183,600| |Amenities|fund|||14,342|1,106|(1,042)|14,406| |Property reserve
Contingency
fund||||392,353
150,000||(5,170)|387,183
150,000| |||||664,736|1,162,951|(1,092,498)|735,189| ## ## ## |Restricted|funds|||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||At|||At|31|March| ||||1|April|2022|Income|Expenditure|||2023| ||||||6|||||2| |Defibrillator|fund|||||1,850|(1,811)|||39| ||||||At|||At|31|March| ||||1|April|2021
2|Income
2|Expenditure|||2022
6| |Government|grant|income||||69,360|(69,360)|||| ## |Analysis of net as|sets between funds|||| |---|---|---|---|---| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|2023| |||6||6| |Tangible fixed assets
Current assets||382,013
383,198|1,850|382,013
385,048| |Creditors less than|1 year|(29,080)|(1,811)|(30,891)| |Net assets||736,131|39|736,170| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|2022| |||6||| |Tangible fixed assets
Current assets||387,183
368,049||387,183
368,049| |Creditors less than|1 year|(20,043)||(20,043)| |Net assets||735,189||735,189| ## ## ## |Analy|sis|cfc|han|ges|
in net debt||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||At|| |||||||At|1|Apr 2022|Cash flows|31 llllar|2023| ||||||||||2||2| |Cash|at|bank|and|in|hand|||339,783|21,950|561,733|| ## ## ## ## |||2023|2022| |---|---|---|---| |||2|| |Income and endowments|||| |Donations
and legacies
Donations - general
Legacies
Government
grant income|- Covid|5,903|1,386
52,116
74,768| |||5,903|128,270| |Charitable activities|||| |Residents fees
—general
Bursary fees||1,144,081
945|1,091,749
6,803| |||1,145,026|1,098,552| |Investment
income|||| |Uk bank deposit account|interest|1,279|1,215| |Other income|||| |Other income||2,040|4,274| |Total income||1,154,248|1,232,311| ## ## ## |||2023|2022| |---|---|---|---| |||f|| |Expenditure
on charitable|activities||| |General fund|||| |Activities undertaken
directly
Staff costs||789,238|779,839| |Employers
NIC
Employers
pension
Rates, water and insurance
Light, heat and telephone
Repairs and maintenance
Agency costs
Transport,
trip and gifts
Storage
Depreciation
for the year
Provisions||50,184
15,329
22,885
35,853
94,948
4,195
671
5,170
74,795|50,603
12,529
22,570
40,649
128,237
618
2,081
318
5,170
60,784| |Cleaning
Registration
fees and subscriptions||21,782
14,510|24,783
10,173| |||1,129,560|1,138,354| |Support costs
Printing,
postage, stationery
Accountancy
fees
Consultancy
fees
Audit fees|and adverts|2,355
5,664
8,768
1,690|1,484
4,563
7,366
1,600| |Bank charges||125|20| |||18,602|15,033| |Amenities
fund|||| |Activities undertaken
directly
Gardening
Transport,
trips and gifts
General expenses||2,357
1,200
603|233
1,250
185| |||4,160|1,668| |Expenditure
on charitable|activities|1,152,322|1,155,055|