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