| Page | ||
|---|---|---|
| Charity Information | ||
| Officers and Committee | Members | |
| Report ofthe Trustees | ||
| Independent Auditor's |
Report | |
| Statement ofFinancial | Activities | 10 |
| Balance Sheet | 12 | |
| Statement ofcash flows | 13 | |
| Notes to the Financial Statements | 14 | |
| Financial Support | 21 |
| REGISTERED OFFICE | Bilton House | ||
|---|---|---|---|
| 5 Bawnmore Road |
|||
| Rugby | |||
| Warwickshire | |||
| CV22 7QH | |||
| REGISTERED CHARITY NUMBER | 214479 | ||
| AUDITORS | Atkinson Finch &Co |
||
| Chartered Accountants |
|||
| Central Chambers | |||
| 45-47 Albert Street | |||
| Rugby | |||
| Warwickshire | |||
| CV21 2SG | |||
| BANKERS | Lloyds Bank Pic | ||
| 14Church Street | |||
| Rugby | |||
| Warwickshire | |||
| CV21 3PL | |||
| FINANCIAL ADVISERS | Rathbone Investment |
Management | Limited |
| 159New Bond Street | |||
| London | |||
| W1S2UD |
| FOR THE YEAR ENDED | 3 | 1STMARCH 2022 | |||||
|---|---|---|---|---|---|---|---|
| General | Care | Capital | 2022 | 2021 | |||
| Fund | Fund | reserve | |||||
| Notes | 6 | 6 | |||||
| INCOMING RESOURCES | |||||||
| Voluntary income |
|||||||
| Donations | 2 | 8,027 | 16,346 | 24,373 | 39,862 | ||
| Legacies | 2 | 5,000 | 5,000 | 31,553 | |||
| Activities for generating | funds | ||||||
| Garden party and coffee |
mornings | ||||||
| Investment income |
5 | 5,991 | 9,351 | 15,342 | 17,184 | ||
| Incoming resources from | Charitable | ||||||
| Activities | |||||||
| Residents fees | 1,359,593 | 1,359,593 | 1,214,361 | ||||
| Other income | 6 | 44,466 | 44,466 | 88,890 | |||
| TOTAL INCOMING RESOURCES | 1,418,077 | 30,697 | 1,448,774 | 1,391,850 | |||
| RESOURCES EXPENDED | |||||||
| Costs ofgenerating funds |
|||||||
| Investment management |
charges | 864 | 1,348 | 2,212 | 4,177 | ||
| Charitable activities |
|||||||
| Salaries and wages (Care) | 4 | 1,005,778 | 1,005,778 | 1,013,090 | |||
| Food | 88,693 | 88,693 | 76,675 | ||||
| Household expenses |
40,886 | 40,886 | 54,010 | ||||
| Light and heat | 50,481 | 50,481 | 41,967 | ||||
| Rates and water | 2,164 | 2,164 | 9,663 | ||||
| Residents amenities |
10,542 | 10,542 | 6,625 | ||||
| Salaries and wages (Admin) | 4 | 51,889 | 51,889 | 50,158 | |||
| Insurances | 10,393 | 10,393 | 8,746 | ||||
| Bank charges | 128 | 128 | 96 | ||||
| Telephone, printing, postage |
and advertising | 2,945 | 2,945 | 3,578 | |||
| Repairs and renewals | 89,669 | 89,669 | 51,015 | ||||
| Professional fees | 9,563 | 9,563 | 6,942 | ||||
| Audit costs and publications | 3,720 | 3,720 | 3,624 | ||||
| Covid Grant Spending | 42,111 | 42,111 | 74,215 | ||||
| General expenses | 18,154 | 18,154 | 10,993 | ||||
| Staff training | 2,819 | 2,819 | 2,912 | ||||
| Depreciation | 54,874 | 54,874 | 54,871 | ||||
| 1,484,809 | 1,484,809 | 1,469,180 | |||||
| TOTAL RESOURCES EXPENDED | 1,485,673 | 1,348 | 1,487,021 | 1,473,357 | |||
| NET (OUTGOING)/INCOMING | RESOURCES | ||||||
| BEFORETRANSFERS | (67,596) | 29,349 | (38,247) | (81,507) | |||
| Transfers between funds | 83,744 | (28,870) | (54,874) | ||||
| NET (OUTGOING)/INCOMING FOR THE YEAR |
RESOURCES | 16,148 | 479 | ~54,874) | ~38,247 | ~81,507 |
| FOR THE YEAR ENDED 31ST | MARCH 2022 | |||||
|---|---|---|---|---|---|---|
| General | Care | Capital | 2022 | 2021 | ||
| Fund | Fund | reserve | ||||
| Notes | E | F | ||||
| NET (OUTGOING)/INCOMING | RESOURCES | |||||
| FOR THE YEAR (brought forward) | 16,148 | 479 | (54,874) | (38,247) | 71,415 | |
| OTHER RECOGNISED GAINS | AND LOSSES | |||||
| (Losses)/gains on investment - Realised - Unrealised |
assets 16,564 0~10584 |
25,852 (154077 |
42,416 ~27,051 |
1,029 127,550 |
||
| NET MOVEMENT IN FUNDS |
22,148 | 9,844 | (54,874) | (22,882) | 200,002 | |
| BALANCE BROUGHT FORWARD | 346,479 | 540,493 | 1,600,160 | 2,487,132 | 2,440,052 | |
| BALANCE CARRIED FORWARD | 368,627 | 550,337 | 1,545,286 | 2,464,250 | 2,640,054 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| CASH FLOWS FROM OPERATING | ACTIVITIES | ||||||
| Net cash provided by (used in) |
operating | activities | ~6,661 | ~21,162 | |||
| Cash flows from investing activities: |
|||||||
| Dividends and interest from investments |
15,342 | 17,184 | |||||
| Purchase of property, plant and equipment |
|||||||
| Proceeds from sale ofinvestments Purchase of investments |
802,085 ~009,442 |
21,883 ~43,607 |
|||||
| Net cash provided by (used in) |
investing | activities | 7.060 | ~4,060 | |||
| Cash flows from financing activities: |
|||||||
| Repayments of borrowing |
|||||||
| Cash inflows from new borrowings | |||||||
| Receipt ofendowment | |||||||
| Net cash provided by (used in) |
financing | activities | |||||
| Change in cash and cash equivalents |
in the | reporting | period | 1,304 | (25,722) | ||
| Cash snd cash equivalents at the |
beginning | ofthe reporting | period | 282,093 | 307,815 | ||
| Cash and cash equivalents atthe end of |
the reporting | period | 283,397 | 282,093 | |||
| RECONCILIATION OF NET INCOME |
TO NET CASH | FLOW | |||||
| FROM OPERATING ACTIVITIES | |||||||
| 2022 | 2021 | ||||||
| 8 | f | ||||||
| Net movement in funds for the reporting |
period (as per | the statement of | |||||
| financial activities) | (22,882) | 47,080 | |||||
| Adjustments for: |
|||||||
| Depreciation | 54,874 | 54,871 | |||||
| Losses/(gains) on investments |
(15,385) | (128,587) | |||||
| Dividends and interest from investments |
(15,342) | (17,184) | |||||
| (Increase)/decrease in debtors (Decrease)/increase in creditors |
(8,110) ~7,036 |
10,300 12,358 |
|||||
| Net cash provided by operating |
activities | ~0,667 | ~121,162 | ||||
| ANALYSIS OF CASH AND CASH | EQUIVALENTS | ||||||
| 2022 | 2021 | ||||||
| K | |||||||
| Cash at bank and in hand |
282,920 | 274,239 | |||||
| Cash held in investments | 477 | 7,854 | |||||
| Total cash and cash equivalents | 283,397 | 282,093 |
| Freehold | property | 1%straight | line | on main property | |
|---|---|---|---|---|---|
| 4% straight | line | on new building | |||
| 10%straight | line on pathways | ||||
| Fixtures | and fittings | 10%straight | line | ||
| 4% straight | line | on new building | fixtures and fittings | ||
| 3years straight | line on office equipment |
| DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
RECEIVED | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Donations | ||||
| Donations from the Churches: |
||||
| Baptist | - Rugby | 1,000 | 1,000 | |
| United Reformed | Church | - Rugby | 150 | 200 |
| Society ofFriends | 400 | 400 | ||
| St Marks' Bilton |
200 | |||
| Hillmorton Paddox |
Methodist | 250 | ||
| Broadwell Methodist |
92 | |||
| Other donations: | ||||
| Miscellaneous | 74 | |||
| For garden shrubs | 430 | 200 | ||
| Collections: | ||||
| Friends of Bilton House | 2,055 | 3,024 | ||
| From Relatives | 3,410 | 4,865 | ||
| Bilton Poor | 200 | |||
| In Memoriam: | ||||
| Mary Meek | 800 | |||
| Mary Taylor | 10 | |||
| Jean Makin | 785 | |||
| Joyce Wilkinson | 2,349 | |||
| Barbara Measey | 1,193 | |||
| Tom Bowen | 1,000 | |||
| Eric Horner | 4,000 | |||
| Gift aid | 2,161 | |||
| Rachel Wells | 6,642 | |||
| Amy Haddon | 210 | |||
| Michael Fardon | 5,000 | |||
| Bill Graham | 100 | |||
| June Jarvis | 25 | |||
| Regular donations | ||||
| Society of Friends | 8,400 | 8,400 | ||
| Single gifts and donations | 35 | 394 | ||
| Gift aid tax reclaimed | 2,575 | 2,165 | ||
| 24,373 | 39,862 |
| ES TO THE FINANCIAL STATEMENTS (continued) THE YEAR ENDED 31STMARCH 2022 |
ES TO THE FINANCIAL STATEMENTS (continued) THE YEAR ENDED 31STMARCH 2022 |
ES TO THE FINANCIAL STATEMENTS (continued) THE YEAR ENDED 31STMARCH 2022 |
ES TO THE FINANCIAL STATEMENTS (continued) THE YEAR ENDED 31STMARCH 2022 |
ES TO THE FINANCIAL STATEMENTS (continued) THE YEAR ENDED 31STMARCH 2022 |
ES TO THE FINANCIAL STATEMENTS (continued) THE YEAR ENDED 31STMARCH 2022 |
||
|---|---|---|---|---|---|---|---|
| DONATIONS AND LEGACIES RECEIVED (continued) |
|||||||
| 2022 | 2021 | ||||||
| F | |||||||
| Legacies | |||||||
| Audrey Wood | 5,000 | ||||||
| Marian Smith | 9,673 | ||||||
| Rosemary Anstey |
5,880 | ||||||
| Mary Taylor | 1,000 | ||||||
| Yvonne Souter | 15,000 | ||||||
| 5,000 | 31,553 | ||||||
| FEESPAYABLE TO AUDITORS | |||||||
| 2022 | 2021 | ||||||
| 6 | F | ||||||
| Relating to audit services | 3,720 | 3,624 | |||||
| Relating to non-audit services |
|||||||
| 3,720 | 3,624 | ||||||
| STAFF NUMBERS AND COSTS | |||||||
| 2022 | 2021 | ||||||
| The average number ofpersons | employed | by | the charity during the year was: | ||||
| Care and support workers | 43 | 43 | |||||
| Administrative staff |
2 | 2 | |||||
| 45 | 45 | ||||||
| Employment costs of all employees |
included | above comprised: | |||||
| E | |||||||
| Gross wages and salaries | 942,646 | 950,843 | |||||
| Employers national insurance |
59,627 | 60,875 | |||||
| Employers pension scheme contributions |
(see below) | 18,339 | 17,668 | ||||
| Agency costs | 59,500 1,080,112 |
41,442 1,070,828 |
management personnel was 889,705 INVESTMENT INCOME |
(2021 - f86,255). | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | |||
| Bank interest receivable | 5 | 14 | |
| Dividends receivable - UK |
7,124 | 10,232 | |
| Dividends receivable -Overseas |
3,391 | 2,929 | |
| Fixed interest and unit trust income - | UK | 4,822 | 4,009 |
| 15,342 | 17,184 | ||
| OTHER INCOME | |||
| 2022 | 2021f | ||
| Covid Infection Control Grant | 24,405 | 68,070 | |
| Covid Job Retention Scheme | 11,909 | ||
| Covid Sick Pay Grant Covid Rapid Testing Fund |
2,355 | 2,758 1,919 |
|
| Covid Workforce Capacity Fund | 4,226 | ||
| Workforce Recruitment and Retention |
Fund | 17,706 | |
| Miscellaneous income |
8 | ||
| 44,466 | 88,890 |
| General | Care | Capital | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Fund | Fund | reserve | |||||
| 8 | 8 | ||||||
| INCOMING RESOURCES | |||||||
| Voluntary income Donations |
8,669 | 31,193 | 39,862 | ||||
| Legacies | 31,553 | 31,553 | |||||
| Activities for generating funds |
|||||||
| Garden party and coffee mornings |
|||||||
| Investment income |
7,421 | 9,763 | 17,184 | ||||
| Incoming resources from | Charitable | Activities | |||||
| Residents fees | 1,214,361 | 1,214,361 | |||||
| Other income | 88,890 | 88,890 | |||||
| TOTAL INCOMING RESOURCES | 1,319,341 | 72,509 | 1,391,850 | ||||
| RESOURCES EXPENDED | |||||||
| Costs ofgenerating funds Investment management charges |
1,804 | 2,373 | 4,177 | ||||
| Charitable activities |
|||||||
| Salaries and wages (Care) Food |
1,013,090 76,675 |
1,013,090 76,675 |
|||||
| Household expenses Light and heat Rates and water |
54,010 41,967 9,663 |
54,010 41,967 9,663 |
|||||
| Residents amenities |
6,625 | 6,625 | |||||
| Salaries and wages (Admin) Insurances |
50,158 8,746 |
50,158 8,746 |
|||||
| Bank charges Telephone, printing, postage Repairs and renewals Professional fees |
and advertising | 96 3,578 51,015 6,942 |
96 3,578 51,015 6,942 |
||||
| Audit costs and publications | 3,624 | 3,624 | |||||
| Covid Grant Spending | 74,215 | 74,215 | |||||
| General expenses | 10,993 | 10,993 | |||||
| Staff training | 2,912 | 2,912 | |||||
| Depreciation | 54,871 | 54,871 | |||||
| 1,469,180 | 1,469,180 | ||||||
| TOTAL RESOURCES EXPENDED | 1,470,984 | 2,373 | 1,473,357 | ||||
| NET (OUTGOING)/INCOINING | RESOURCES | ||||||
| BEFORETRANSFERS | (151,643) | 70,136 | (81,507) | ||||
| Transfers between funds |
103,380 | (48,509) | (54,871) | ||||
| NET (OUTGOING)/INCOMING | RESOURCES | ||||||
| FOR THE YEAR | (48,263) | 21,627 | (54,871) | (81,507) | |||
| OTHER RECOGNISED GAINS AND LOSSES | |||||||
| -Realised (losses)/gains on investment -Unrealised (losses)/gains on investment |
assets assets |
444 55,086 |
585 72,472 |
1,029 127,558 |
|||
| NET MOVEMENT IN FUNDS |
7,267 | 94,684 | (54,871) | 47,080 | |||
| BALANCE BROUGHT FORWARD | 339,212 | 445,809 | 1,655,031 | 2,440,052 | |||
| BALANCE CARRIED FORWARD | 346,479 | 540,493 | 1,600,160 | 2,487,132 |
| 7 TANGIBLE FIXED | SSETS | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures and | ||||||||
| property | fittings | Total | |||||||
| 6 | E | 6 | |||||||
| COST | |||||||||
| At 1st Apdil 2021 | 2,282,527 | 432,135 | 2,714,662 | ||||||
| Additions | |||||||||
| At 31stMarch 2022 | 2,282,527 | 432,135 | 2,714,662 | ||||||
| DEPRECIATION | |||||||||
| At 1stApril 2021 | 789,419 | 325,083 | 1,114,502 | ||||||
| Charge for the year At 31st March 2022 |
43,021 832,440 |
11,853 336,936 |
54,874 1,169,376 |
||||||
| NET BOOK VALUE | |||||||||
| At 31stMarch 2022 | 1,450,087 | 95,199 | 1,545,286 | ||||||
| At 31stMarch 2021 | 1,493,108 | 107,052 | 1,600,160 | ||||||
| Cost or valuation at |
31st March 2022 is represented | by: | |||||||
| At valuation on 31stDecember |
1990 | 750,000 | 175,000 | 925,000 | |||||
| At cost | 1,532,527 | 257,135 | 1,789,662 | ||||||
| 2,282,527 | 432,135 | 2,714,662 | |||||||
| The cost ofthe original | property | is not known. | |||||||
| The property has not | been re-valued | since 1990,however, | the | Trustees are confident | that the current value is | ||||
| in excess ofthe net book value. | |||||||||
| INVESTMENTS | |||||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Market value | |||||||||
| Opening market value Additions Disposals at opening Unrealised (loss)/gain |
market value on investments |
711,167 ~(2255(, 533,816 127,558 661,374 511,043 809,442 43,607 ~259,949( ~(29,924 |
|||||||
| At 31stMarch 2022 | 684,116 | 661,374 | |||||||
| Cash held by Investment Managers |
477 684,593 |
7,854 669,228 |
|||||||
| The historical cost ofthe investment | porffolio (excluding | cash) | at the year end was 6714,395(2021 -6431,916). | ||||||
| All the investments are |
held primarily | to provide an investment | return for the charity. | ||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| Investments at market |
value comprised: | ||||||||
| Equities shares - UK Equities shares - Overseas Investment trusts and unit trusts |
- UK | 98 684,018 |
338,358 81,407 241,809 |
||||||
| 684,116 | 661,374 |
| R THE YEAR ENDED 31ST | R THE YEAR ENDED 31ST | MARCH 2022 | ||
|---|---|---|---|---|
| 9 DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022f | 2021f | |||
| Rents due | 20,379 | 8,067 | ||
| Income tax recoverable | 2,576 | 5,619 | ||
| Other debtors | 1,461 | 1,475 | ||
| Prepayments | 10,674 35,090 |
13,819 28,980 |
||
| 10 CASH AT BANK | ||||
| 2022f | 2021f | |||
| Lfoyds Bank Pic - Held by investment |
current accounts managers |
282,450 477 282,927 |
273,910 7,854 281,764 |
|
| 11 CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| E | ||||
| Trade creditors | 12,637 | 8,787 | ||
| Social security and other taxes Other creditors |
18,883 14,599 |
17,520 27,654 |
||
| Deferred income | 3,910 | |||
| Accrued expenses | 33,610 83,639 |
31,514 85,475 |
||
| 12 CAPITAL RESERVE | ||||
| 2022 | 2021 | |||
| Balance at 1stApril 2021 Transfer (to)/from General |
Fund | F 1,600,160 ~54,874 |
1,655,031 ~54871, |
|
| Balance at 31st March 2022 | 1,545,286 | 1,600,160 |
| ANALYSIS OF NET ASSETS BETWE | EN FUNDS | |||
|---|---|---|---|---|
| General | Care | Capital | Total | |
| fund 6 |
fund | reserve f |
funds F |
|
| Tangible fixed assets Investments |
274,422 | 408,684 | 1,545,286 | 1,545,286 684,116 |
| Current assets Current liabilities At 31st March 2022 |
177,844 ~83,6397 368,627 |
140,643 550,337 |
1,545,286 | 318,487 ~83,639 2,484,250 |
| Tangible fixed assets Investments |
258,353 | 403,021 | 1,600,160 | 1,600,160 661,374 |
| Current assets Current liabilities |
173,601 ~85.475 |
137,472 | 311,073 ~85,475 |
|
| At 31stMarch 2021 | 346,479 | 540,493 | 1,600,160 | 2,487,132 |