| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | |||
| Cash Flow Statement | 12 | ||
| Notes to the Cash Flow Statement | 13 | ||
| Notes to the Financial Statements | 14 | to | 26 |
| Detailed Statement ofFinancial Activities | 27 | to | 28 |
| TRUSTEES | KLHolmes | ||
|---|---|---|---|
| RPerry (resigned 28.9.2022) | |||
| RFKemble | |||
| JVWilkins | |||
| M A Dunwoody | |||
| DW Mills | |||
| SCalder (appointed 27.2.2023) | |||
| JMann (appointed 30.11.2022) | |||
| PRINCIPAL ADDRESS | 19StAndrews | Road | |
| Earlsdon | |||
| Coventry | |||
| CV5 6FP | |||
| REGISTERED CHARITY | 214293 | ||
| NUMBER | |||
| AUDITORS | Leigh Christou | Ltd | |
| Chartered Certified Accountants |
and | ||
| Statutory Auditor |
|||
| Leofric House | |||
| Binley Road | |||
| Coventry | |||
| CV3 1JN | |||
| BANKERS | Natwest Bank | ||
| Birmingham City Centre |
|||
| 1 StPhilips Place | |||
| Birmingham | |||
| B32PP |
| 31.3.23 | 31.3.22 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 7,736 | 27,869 | 35,605 | 85,535 | ||
| Charitable | activities | ||||||
| Residents | fees | 1,238,482 | 1,238,482 | 898,204 | |||
| Recharge expenses | 13,745 | 13,745 | 10,746 | ||||
| investment | income | 25,545 | 25,545 | 22,239 | |||
| Total | 1,285,508 | 27,869 | 1,313,377 | 1,016,724 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Charitable | Expenditure | 1,297,517 | 4,967 | 1,302,484 | 1,143,000 | ||
| Other | (19,832) | ||||||
| Total | 1,297,517 | 4,967 | 1,302,484 | 1,123,168 | |||
| NET INCOME/(EXPENDITURE) | (12,009) | 22,902 | 10,893 | (106,444) | |||
| Transfers | between funds | 20 | 46,102 | (46,102) | |||
| Net movement in funds |
34,093 | (23,200) | 10,893 | (106,444) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward |
1,663,909 | 23,200 | 1,687,109 | 1,793,553 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,698,002 | 1,698,002 | 1,687,109 |
| St Andrew's House |
|||
|---|---|---|---|
| Balance Sheet | |||
| 31March 2023 | |||
| 31.3,23 | 31.3.22 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 14 | 1,676,914 | 1,701,246 |
| CURRENT ASSETS | |||
| Debtors | 15 | 138,842 | 213,530 |
| Cash at bank and in hand | 319,090 | 255,917 | |
| 457,932 | 469,447 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (97,034) | (106,579) |
| NET CURRENT ASSETS | 360,898 | 362,868 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 2,03'7,812 | 2,064,114 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
17 | (339,810) | (377,005) |
| NET ASSETS | 1,698,002 | 1,687,109 | |
| FUNDS | 20 | ||
| Unrestricted funds |
1,698,002 | 1,663,909 | |
| Restricted funds | 23,200 | ||
| TOTAL FUNDS | 1,698,002 | 1,687,109 |
| for the Year Ended | 31March 2023 | ||||
|---|---|---|---|---|---|
| 313.23 | 31.3.22 | ||||
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
180,543 | (105,941) | |||
| Finance costs paid | (20,819) | (13,350) | |||
| Net cash provided by/(used |
in) operating | activities | 159,724 | (119,291) | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed | assets | (60,873) | (17,021) | ||
| Interest received | 1,517 | 40 | |||
| Net cash used in investing | activities | (59,356) | (16,981) | ||
| Cash flows from financing | activities | ||||
| Loan repayments in year |
(37,195) | (45,329) | |||
| Net cash used in financing | activities | (37,195) | (45,329) | ||
| Change in cash and cash the reporting period |
equivalents | in | 63,173 | (181,601) | |
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 255,917 | 437,518 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
319,090 | 255,917 |
| 31.3.23 | 31.3.22 | |||||||
|---|---|---|---|---|---|---|---|---|
| Net income/(expenditure) | for the reporting | period (as per the | ||||||
| Statement ofFinancial | Activities) | 10,893 | (106,444) | |||||
| Adjustments | for: | |||||||
| Depreciation | charges | 83,102 | 80,344 | |||||
| Loss on disposal of | fixed assets | 2,103 | 2,166 | |||||
| Interest received | (1,517) | (40} | ||||||
| Finance costs | 20,819 | 13,350 | ||||||
| Decrease/(increase) | in debtors | 74,688 | (77,822) | |||||
| Decrease in creditors | (9,545) | (17,495) | ||||||
| Net cash provided | by/(used | in}operations | 180,543 | (105,941} | ||||
| ANALYSIS | OFCHANGES | IN NET DEBT | ||||||
| At 1.4.22 | Cash flow | At31.3.23 | ||||||
| Net cash | ||||||||
| Cash at bank | and in | hand | 255,917 | 63,173 | 319,090 | |||
| 255,917 | 63,173 | 319,090 | ||||||
| Debt | ||||||||
| Debts falling | due within | 1 year | (38,718) | (38,718) | ||||
| Debts falling | due after I | year | (377,005) | 37,195 | (339,810) | |||
| (415,723) | 37,195 | (378,528) | ||||||
| Total | (159,806) | 100,368 | (59,438) |
| DONATIONS AND LEGAC |
IES | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| Donations | 7,736 | 27,369 | 35,105 | 38,059 |
| Legacies | 500 | 500 | ||
| Grants | 47,476 | |||
| 7,736 | 27,869 | 35,605 | 85,535 |
| 31.3.23 | 31.3.22 |
|---|---|
| 47,476 |
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| Rents received | 24,028 | 24,028 | 22,199 | |
| Deposit account interest | 1,517 | 1,517 | 40 | |
| 25,545 | 25,545 | 22,239 |
| 6. | INCOME | FROM CHARITABLE ACTIVI | TIES | ||||
|---|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||||
| Residents | Recharge | Total | Total | ||||
| fees | expenses | activities | activities | ||||
| Residential | care provision | 1,238,482 | 13,745 | 1,252,227 | 908,950 | ||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 8) | note 9) | Totals | |||||
| Charitable | Expenditure | 1,284,297 | 18,187 | 1,302,484 | |||
| 8. | DIRECT | COSTS OFCHARITABLE ACTIVITIES | |||||
| 31.3.23 | 31.3.22 | ||||||
| Staffcosts | 908,424 | 791,774 | |||||
| Rates and | water | 4,040 | 3,478 | ||||
| Light and | heat | 30,807 | 28,613 | ||||
| Telephone | 5,202 | ||||||
| Postage and | stationery | 1,904 | 2,413 | ||||
| Advertising | 1,247 | 5,333 | |||||
| Sundries | 22 777 | 20,294 | |||||
| Laundry and cleaning |
27,009 | 23,018 | |||||
| Refurbishment | 82,247 | 83,642 | |||||
| Household | and garden | 4,686 | 3,501 | ||||
| Stafftraining | 3,905 | 4,055 | |||||
| Activity costs | 3,793 | 3,536 | |||||
| Insurance | 16,762 | 11,024 | |||||
| Food | 70,672 | 49,374 | |||||
| Depreciation | 83,102 | 80,344 | |||||
| Loss on sale | ofassets | 2,103 | 2,166 | ||||
| Interest payable and similar charges | 20,819 | 13,350 | |||||
| 1,284,297 | 1,131,117 | ||||||
| 9. | SUPPORT | COSTS | |||||
| Governance | |||||||
| Management | costs | Totals | |||||
| Charitable | Expenditure | 7,286 | 10,901 | 18,187 |
| Support c | osts, included in th |
e above, are as follows: | |||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Charitable | Total | ||||
| Expenditure | activities | ||||
| Wages | 7,286 | 6,307 | |||
| Auditors' | remuneration | 4,620 | 4,200 | ||
| Legal and | professional | 6,281 | 1,376 | ||
| 18,187 | 11,883 | ||||
| AUDITORS' REMUNERATION | |||||
| 31.3.23 | 31.3.22 | ||||
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | |||
| statements | 4,620 | 4,200 |
| 31.3.23 | 31.3.22 | ||||
|---|---|---|---|---|---|
| Wages and salaries | 862,010 | 749,326 | |||
| Social security | costs | 41,206 | 37,383 | ||
| Other pension | costs | 12,494 | 11,372 | ||
| 915,710 | 798,081 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 31.3.23 | 31.3.22 | ||||
| Administrative | staff | 3 | 3 | ||
| Care staff | 47 | 41 | |||
| 50 |
| Notes to the Financial Statements - continued for the Year Ended 31March 2023 |
Notes to the Financial Statements - continued for the Year Ended 31March 2023 |
Notes to the Financial Statements - continued for the Year Ended 31March 2023 |
Notes to the Financial Statements - continued for the Year Ended 31March 2023 |
|||
|---|---|---|---|---|---|---|
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| INCOME | AND ENDOWMENTS FROM | |||||
| Donations | and legacies | 11,825 | 73,710 | 85,535 | ||
| Charitable | activities | |||||
| Residents | fees | 898,204 | 898,204 | |||
| Recharge expenses | 10,746 | 10,746 | ||||
| Investment | income | 22,239 | 22,239 | |||
| Total | 943,014 | 73,710 | 1,016,724 | |||
| EXPENDITURE ON | ||||||
| Charitable | activities | |||||
| Charitable | Expenditure | 1,098,331 | 44,669 | 1,143,000 | ||
| Other | (19,832) | (19,832) | ||||
| Total | 1,078,499 | 44,669 | 1,123,168 | |||
| NET INCOME/(EXPENDITURE) | (135,485) | 29,041 | (106,444) | |||
| Transfers | between funds |
5,841 | (5,841) | |||
| Net movement in funds |
(129,644) | 23,200 | (106,444) | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds | brought forward |
1,793,553 | 1,793,553 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,663,909 | 23,200 | 1,687,109 |
| TANGIBLE | FIXEDAS | SETS | ||||
|---|---|---|---|---|---|---|
| Improvements | Fixtures | |||||
| Freehold | to | and | ||||
| property | property | fittings | Totals | |||
| COST | ||||||
| At I April 2022 | 2,720,063 | 17,207 | 297,584 | 3,034,854 | ||
| Additions | 60,873 | 60,873 | ||||
| Disposals | (4,750) | (4,750) | ||||
| At 31March | 2023 | 2,720,063 | 17,207 | 353,707 | 3,090,977 | |
| DEPRECIATION | ||||||
| At 1 April 2022 | 1,124,464 | 6,099 | 203,045 | 1,333,608 | ||
| Charge for year | 54,401 | 3,441 | 25,260 | 83,102 | ||
| Eliminated on disposal |
(2,647) | (2,647) | ||||
| At 31March | 2023 | 1,178,865 | 9,540 | 225,658 | 1,414,063 | |
| NET BOOK | VALUE | |||||
| At 31March | 2023 | 1,541,198 | 7,667 | 128,049 | 1,676,914 | |
| At 31March | 2022 | 1,595,599 | 11,108 | 94,539 | 1,701,246 | |
| DEBTORS: | AMOUNTS | FALLING DUE | WITHIN ONE YEAR | |||
| 31.3.23 | 31.3.22 | |||||
| Trade debtors | 117,889 | 197,180 | ||||
| Prepayments | and accrued | income | 20,953 | 16,350 | ||
| 138,842 | 213,530 | |||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 31.3.23 | 31.3.22 | |||||
| Bank loans and overdraAs | (see note 18) | 38,718 | 38,718 | |||
| Trade creditors | 14,925 | 19,564 | ||||
| Social security and other | taxes | 6,739 | 7,826 | |||
| Other creditors | 3,536 | 13,373 | ||||
| Accruals and | deferred income | 33,116 | 27,098 | |||
| 97,034 | 106,579 |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE TH | AN ONE YEAR | |
|---|---|---|
| 31.3.23 | 31.3.22 | |
| Bank loans (see note 18) | 339,810 | 377,005 |
| LOANS | ||
| An analysis ofthe maturity ofloans is given below: | ||
| 31.3.23 | 31.3.22 | |
| Amounts falling due within one year on demand: |
||
| Bank loans | 38,718 | 38,718 |
| Amounts falling between one and two years: |
||
| Bank loans - 1-2years | 38,718 | 38,718 |
| Amounts falling due between two and five years: |
||
| Bank loans -2-5 years | 123,152 | 123,152 |
| Amounts falling due in more than five years: |
||
| Repayable by instalments: Bank loans more 5yr by instal |
177,940 | 215,135 |
| ANALYSIS OFNET ASSETSB | ETWEEN FUNDS | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| Fixed assets | 1,676,914 | 1,676,914 | 1,701,246 | |
| Current assets | 457,932 | 457,932 | 469,447 | |
| Current liabilities | (97,034) | (97,034) | (106,579) | |
| Long term liabilities | (339,810) | (339,810) | (377,005) | |
| 1,698,002 | 1,698,002 | 1,687,109 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.22 | in funds | funds | 31.3.23 | |||
| Unrestricted funds |
||||||
| General fund | 1,543,909 | (12,009) | 46,102 | 1,578,002 | ||
| Designated funds |
120,000 | 120,000 | ||||
| 1,663,909 | (12,009) | 46,102 | 1,698,002 | |||
| Restricted funds | ||||||
| Renewal ofunderfloor | heating system | 12,200 | 15,000 | (27,200) | ||
| Kitchen Refurbishment | 10,000 | 7,652 | (17,652) | |||
| Repairs to Green Room | 1,000 | (1,000) | ||||
| Lounge Chairs | 1,250 | (1,250) | ||||
| 23,200 | 22,902 | (46,102) | ||||
| TOTAL FUNDS | 1,687,109 | 10,893 | 1,698,002 | |||
| Net movement in funds, included |
in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| General fund | 1,285,508 | (1,297,517) | (12,009) | |||
| Restricted funds | ||||||
| Christmas | 1,900 | (1,900) | ||||
| Renewal ofunderfloor | heating system | 15,000 | 15,000 | |||
| Kitchen Refurbishment | 7,652 | 7,652 | ||||
| Repairs to Green Room | (1,000) | (1,000) | ||||
| Garden furnishings Hog Roast |
500 1,000 |
(500) (1,000) |
||||
| Lounge Chairs | 1,250 | 1,250 | ||||
| Vacuum Cleaner | 150 | (150) | ||||
| Website Upgrade | 417 | (417) | ||||
| 27,869 | (4,967) | 22,902 | ||||
| TOTAL FUNDS | 1,313,377 | (1,302,484 ) | 10,893 |
| Comparatives for mo |
veme | nt in funds |
||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| Unrestricted funds |
||||||
| General fund | 1,673,553 | (135,485) | 5,841 | 1,543,909 | ||
| Designated funds |
120,000 | 120,000 | ||||
| 1,793,553 | (135,485) | 5,841 | 1,663,909 | |||
| Restricted funds | ||||||
| Coventry City Council | - Infection | |||||
| Prevention and Control |
Grant | 3,807 | (3,807) | |||
| Purchase ofComputer | Equipment | 2,034 | (2,034) | |||
| Renewal ofunderfloor | heating system | 12,200 | 12,200 | |||
| Kitchen Refurbishment | 10,000 | 10,000 | ||||
| Repairs to Green Room | 1,000 | 1,000 | ||||
| 29,041 | (5,841) | 23,200 | ||||
| TOTAL FUNDS | 1,793,553 | (106,444) | 1,687,109 | |||
| Comparative net movement |
in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| General fund | 943,014 | (1,078,499) | (135,485) | |||
| Restricted funds | ||||||
| Coventry City Council | - Infection | |||||
| Prevention and Control |
Grant | 47,476 | (43,669) | 3,807 | ||
| Purchase ofComputer | Equipment | 2,034 | 2,034 | |||
| Renewal ofunderfloor | heating system | 12,200 | 12,200 | |||
| Kitchen Refurbishment | 10,000 | 10,000 | ||||
| Repairs to Green Room | 1,000 | 1,000 | ||||
| Redecoration ofDining | Room | 1,000 | (1,000) | |||
| 73,710 | (44,669) | 29,041 | ||||
| TOTAL FUNDS | 1,016,724 | (1,123,168) | {106,444) |
| Unrestricted Funds |
750 |
|---|---|
| Restricted Funds: | |
| Christmas Presents for all staff and residents |
1,900 |
| Purchase ofnew Freezer | 1,652 |
| Hog Roast Website Upgrade |
1,000 417 |
| Purchase ofnew Lounge Chairs | 200 |
| Purchase ofnew Vacuum Cleaner | 150 |
| 6,069 |
| StAndrew's House |
|||
|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||
| for the Year Ended 31March 2023 | |||
| 31.3.23 | 31.3.22 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 35,105 | 38,059 | |
| Legacies | 500 | ||
| Grants | 47,476 | ||
| 35,605 | 85,535 | ||
| Investment income |
|||
| Rents received | 24,028 | 22,199 | |
| Deposit account interest | 1,517 | 40 | |
| 25,545 | 22,239 | ||
| Charitable activities |
|||
| Residential care provision |
1,252,227 | 908,950 | |
| Total incoming resources | 1,313,377 | 1,016,724 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 854,724 | 743,019 | |
| Social security | 41,206 | 37,383 | |
| Pensions | 12,494 | 11,372 | |
| Rates and water | 4,040 | 3,478 | |
| Light and heat | 30,807 | 28,613 | |
| Telephone | 5,202 | ||
| Postage and stationery | 1,904 | 2,413 | |
| Advertising | 1,247 | 5,333 | |
| Sundries | 22 777 | 20,294 | |
| Laundry and cleaning |
27,009 | 23,018 | |
| Refurbishment | 82,247 | 83,642 | |
| Household and garden |
4,686 | 3,501 | |
| Stafftraining | 3,905 | 4,055 | |
| Activity costs | 3,793 | 3,536 | |
| Insurance | 16,762 | 11,024 | |
| Food | 70,672 | 49,374 | |
| Freehold property | 54,401 | 54,401 | |
| Improvements to property |
3,441 | 3,441 | |
| Fixtures and fittings | 25,260 | 22,502 | |
| Loss on sale oftangible fixed assets | 2,103 | 2,166 | |
| Bank charges and interest | 20,819 | 13,350 | |
| 1,284,297 | 1,131,117 | ||
| Other | |||
| Exceptional items |
(19,832) |
| StAndrew's House |
||||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| for the Year Ended 31March 2023 | ||||
| 31.3.23 | 31.3.22 | |||
| Support costs | ||||
| Management | ||||
| Wages | 7,286 | 6,307 | ||
| Governance | costs | |||
| Auditors' remuneration |
4,620 | 4,200 | ||
| Legal and professional | 6,281 | 1,376 | ||
| 10,901 | 5,576 | |||
| Total resources | expended | 1,302,484 | 1,123,168 | |
| Net income/(expenditure) | 10,893 | (106,444) |