|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||||
||W1S 2UD||||
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|FOR THE YEAR ENDED 3|1ST|MARCH 2023||||||
|---|---|---|---|---|---|---|---|
||||General|Care|Capital|2023|2022|
||||Fund|Fund|reserve|||
|||Notes|6||6|||
|INCOMING RESOURCES||||||||
|Voluntary
income
Donations
Legacies||2
2|5,195|18,244
1,000||23,439
1,000|24,373
5,000|
|Activities for generating
funds||||||||
|Garden
party and coffee mornings||||||||
|Investment
income||5|5,428|9,580||16,008|15,342|
|Incoming resources from|Charitable|||||||
|Activities
Residents fees
Other income||6|1,510,759|||1,510,769|1,359,593
44,466|
|TOTAL INCOMING RESOURCES|||1,522,392|28,824||1,551,216|1,448,774|
|RESOURCES EXPENDED||||||||
|Costs ofgenerating
funds
Investment
management
charge|||979|1,458||2,437|2,212|
|Charitable
activities||||||||
|Salaries and wages (Care)
Food||4|1,201,962
98,501|||1,201,962
98,501|1,005,778
88,693|
|Household
expenses
Light and heat
Rates and water|||44,310
55,007
5,817|||44,310
65,007
5,817|40,886
50,481
2,154|
|Residents
amenities|||10,784|||10,784|10,542|
|Salaries and wages (Admin)
Insurances||4|50,471
10,391|||50,471
10,391|51,889
10,393|
|Bank charges
Telephone,
printing,
postage
Repairs and renewals
Professional fees|and|advertising|128
2,961
95,762
7,113|||128
2,961
95,762
7,113|128
2,945
89,659
9,553|
|Audit costs and publications
Covid Grant Spending
General expenses
Staff training
Depreciation|||4,140
16,532
6,390
54,874|||4,140
16,632
6,390
54,874|3,720
42,111
18,154
2,819
54,874|
||||1,575,243|||1,675,243|1,484,809|
|TOTAL RESOURCES EXPENDED|||1,675,222|1,458||1,677,680|1,487,021|
|NET (OUTGOING)/INCOMING|RESOURCES|||||||
|BEFORE TRANSFERS|||(153,830)|27,366||(126,464)|(38,247)|
|Transfers
between funds|||74,391|(25,740)|(47,651)|||
|NET (OUTGOING)/INCOMING
FOR THE YEAR|RESOURCES||(79,439)|626|~47651|~126,484|, (38,247)|
|FOR THE YEAR ENDED 31S|TMARCH 2023||||||
|---|---|---|---|---|---|---|
|||General|Care|Capital|2023|2022|
|||Fund|Fund|reserve|||
||Notes|6|6||||
|NET (OUTGOING)/INCOMING|RESOURCES||||||
|FOR THE YEAR (brought forward)||(79,439)|626|(47,651)|(126,464)|(38,247)|
|OTHER RECOGNISED GAINS|AND LOSSES||||||
|(Losses)/gains
on investment|assets||||||
|- Realised
- Unrealised|3~21,714||~32,355||~54,579|42,416
~27,557|
|NET MOVEMENT
IN FUNDS||(101,153)|(31,739)|(47,651)|(180,543)|(22,882)|
|BALANCE BROUGHT FORWARD||368,627|550,337|1,545,286|2,464,250|2,487,132|
|BALANCE CARRIED FORWARD||267,474|518,598|1,497,635|2,283,707|2,464,250|
##
##
|STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2|023||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||f|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||||
|Net cash provided
by (used in) operating|activities||||~(88.887|~6,661|
|Cash flows from investing
activities:
Dividends
and interest from investments|||||16,008|15,342|
|Purchase ofproperty,
plant and equipment
Proceeds from sale of investments
Purchase of investments|||||(7,223)|802,065
~8D9,442|
|Net cash provided
by (used in) investing|activities||||8,785|7,965|
|Cash flows from financing
activities:|||||||
|Repayments
ofborrowing|||||||
|Cash inflows from new borrowings|||||||
|Receipt ofendowment|||||||
|Net cash provided
by (used in) financing|activities||||||
|Change
in cash and cash equivalents
in the
Cash and cash equivalents
at the beginning|reporting
period
ofthe reporting
period||||(80,102)
283,397|1,304
282,093|
|Cash and cash equivalents
at the end of|the reporting||period||203,295|283,397|
|RECONCILIATION
OF NET INCOME TO NET CASH||FLOW|||||
|FROM OPERATING ACTIVITIES|||||||
||||||2023
f|2022
f|
|Net movement
in funds for the reporting
financial activities)|period (as per||the statement|of|(180,543)|(22,882)|
|Adjustments
for:
Depreciation
Losses/(gains)
on investments
Dividends
and interest from investments
(Increase)/decrease
in debtors
(Decrease)/increase
in creditors|||||54,874
54,079
(18,008)
(937)
~(352|54,874
(15,365)
(15,342)
(6,110)
~1.836)|
|Net cash provided
by operating
activities|||||~88,882)|~6,66(|
|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||||
||||||2023
f|2022
f|
|Cash at bank and in hand|||||202,811|282,920|
|Cash held
in investments|||||484|477|
|Total cash and cash equivalents|||||203,295|283,397|
##
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|Income ha|s been taken to the cr|edit ofthe statement
offinan|cial activities on the follo|
|---|---|---|---|
|Donations|and legpcies|accruals basis||
|Residents|fees|accruals basis||
|Investment|income|accruals basis||
|Specific appeals||accruals (matched|with related expenditure)|
##
|Freehold|pioperty|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||
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||||2023|2022|
|---|---|---|---|---|
|Donations|||||
|Donations
from the Churches:|||||
|Baptist
United Reformed
Society of Friends|Church|- Rugby
- Rugby|1,050
500
400|1,000
160
400|
|Daventry
friendship
Hillmorton
Paddox Methodist|||20|280|
|Broadwell
Methodist|||132|92|
|Other donations:|||||
|Miscellaneous|||||
|For garden
shrubs - Paddox Methodist
URC - For garden shrubs
URC Brinklow- Rev Maloney
retirement|||321
257
100|430|
|Collections
Friends of Bilton House|||2,215|'2,055|
|From Relatives||||3,410|
|Bilton Poor|||200|200|
|In Memoriam:|||||
|Gift aid|||||
|Rachel Wells|||440||
|Alan Coulthurst|||464||
|A Franklin|||1,570||
|Paul Gilbert|||6,000||
|Amy Haddon
Michael Fardon||||210
5,000|
|Bill Graham||||100|
|June Jarvis||||25|
|Regular donations
Society of Friends
Single gifts and donations
Gift aid tax reclaimed|||7,000
185
2,585|8,400
35
2,576|
||||23,439|24,373|
##
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|DONATIONS
AND LEGACIES RECE|IV|ED (c|on|tinued)|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||F|f.|
|Legacies
Audrey Wood
Tony Taylor|||||1,000
1,000|5,000
5,000|
|FEESPAYABLE TO AUDITORS|||||||
||||||2023
f|2022f|
|Relating to audit services|||||4,140|3,720|
|Relating to non-audit
services|||||4,140|3,720|
|STAFF NUMBERS AND COSTS|||||||
||||||2023|2022|
|The average
number ofpersons employed|||by|the charity during the year was:|||
|Care and support workers
Administrative
staff|||||49
2|43
2|
|||||||45|
|Employment
costs of all employees|included|||above comprised:||f|
|Gross wages and salaries
Employers
national
insurance
Employers
pension scheme contributions
Agency costs||(see|below)||1,046,928
75,001
20,908
111,446
1,254,283|942,646
59,627
18,339
59,500
1,060,112|
|
employees.
There were outstanding
contributions
ofF2,|
employees.
There were outstanding
contributions
ofF2,|
employees.
There were outstanding
contributions
ofF2,|385(2|022 - f2,195)at the year end.|||
|---|---|---|---|---|---|---|
|No remuneration
or expenses were payable to Trustees|||during|the year. The total remuneration|paid to key||
|management
personnel|was F97,965(2022 - F89,705).||||||
|INVESTMENT INCOME|||||||
|||||2023
f||2022f|
|Bank interest receivable|||||187|5|
|Dividends
receivable - UK|||||4|7,124|
|Dividends
receivable - Overseas||||||3,391|
|Fixed interest and unit trust income - UK||||15,817||4,822|
|||||16,008||15,342|
|OTHER INCOME|||||||
|||||2023f||2022f|
|Covid Infection Control|Grant|||||24,405|
|Covid Sick Pay Grant
Workforce Recruitment|and Retention|Fund||||2,355
17,706|
|||||||44,466|
##
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|COMPARATIVES FOR TH|E ST|ATEM|EN|T OF FINANCI|AL ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|
||||||General|Care|Capital|2022|
||||||Fund|Fund|reserve
E|f|
|INCOMING RESOURCES|||||||||
|Voluntary
income
Donations|||||8,027|16,346||24,373|
|Legacies||||||5,000||5,000|
|Activities for generating
funds|||||||||
|Garden
party and coffee mornings|||||||||
|Investment
income|||||5,991|9,351||15,342|
|Incoming resources from
Residents fees|Charitable||Activities||1,359,593|||1,359,593|
|Other income|||||44,466|||44,466|
|TOTAL INCOMING RESOURCES|||||1,418,077|30,697||1,448,774|
|RESOURCES EXPENDED|||||||||
|Costs ofgenerating
funds
Investment
management
charge|||||864|1,348||2,212|
|Charitable
activities|||||||||
|Salaries and wages (Care)
Food|||||1,005,778
88,693|||1,005,778
88,693|
|Household
expenses|||||40,886|||40,886|
|Light and heat|||||50,481|||50,481|
|Rates and water|||||2,164|||2,164|
|Residents amenities|||||10,542|||10,542|
|Salaries and wages (Admin)
Insurances|||||51,889
10,393|||51,889
10,393|
|Bank charges|||||128|||128|
|Telephone,
printing,
postage
Repairs and renewals|and|advertising|||2,945
89,669|||2,945
89,669|
|Professional
fees|||||9,563|||9,563|
|Audit costs and publications|||||3,720|||3,720|
|Covid Grant Spending|||||42,111|||42,111|
|General expenses|||||18,154|||18,154|
|Staff training|||||2,819|||2,819|
|Depreciation|||||54,874|||54,874|
||||||1,484,809|||1,484,809|
|TOTAL RESOURCES EXPENDED|||||1,485,673|1,348||1,487,021|
|NET (OUTGOING)/INCOMING|RESOURCES||||||||
|BEFORETRANSFERS|||||(67,596)|29,349||(38,247)|
|Transfers between funds|||||83,744|(28,870)|(54,874)||
|NET (OUTGOING)/INCOMING|RESOURCES||||||||
|FOR THE YEAR|||||16,148|479|(54,874)|(38,247)|
|OTHER RECOGNISED GAINS AND LOSSES|||||||||
|-Realised (losses)/gains
on investment||||assets|16,564|25,852||42,416|
|-Unrealised
(losses)/gains|on investment|||assets|(10,564)|(16,487)||(27,051)|
|NET MOVEMENT
IN FUNDS|||||22,148|9,844|(54,874)|(22,882)|
|BALANCE BROUGHT FORWARD|||||346,479|540,493|1,600,160|2,487, 132|
|BALANCE CARRIED FORWARD|||||368,627|550,337|1,545,286|2,464,250|
##
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|7 TANGIBLE FIXED||S|SETS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Freehold|Fixtures and||
|||||||||property
f|fittings
f|Totalf|
|COST|||||||||||
|At 1stApril 2022||||||||2,282,52T|432,135|2,714,662|
|Additions||||||||7223||7,223|
|At 31st March 2023||||||||2,289,750|432,135|2,721,885|
|DEPRECIATION|||||||||||
|At 1stApril 2022||||||||832,440|336,936|1,169,376|
|Charge for the year
At 31st March 2023||||||||43,021
875,461|'I1,853
348,789|54,874
1,224,250|
|NET BOOK VALUE|||||||||||
|At 31st March 2023||||||||1,414,289|83,346|1,497,635|
|At 31st March 2022||||||||1,450,087|95,199|1,545,286|
|Cost or valuation
at||31st March 2023 is represented||||by:|||||
|At valuation
on 31stDecember||||1990||||750,000|175,000|925,000|
|At cost||||||||1,539,750|257,135|1,796,885|
|||||||||2,289,750|432,135|2,T21,885|
|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|||||||||||
||||||||||2023|2022|
||||||||||f|f|
|Market value|||||||||||
|Opening
market value|||||||||684,115|661,374|
|Additions||||||||||809,442|
|Disposals at opening
Unrealised
(loss)lgain|market value
on investments||||||||684,1'I6
~54,079(|~(759,540
711,167
~(27,051|
|At 31st March 2023|||||||||630,037|684,116|
|Cash held by Investment|||Managers||||||484
630,521|477
684,593|
|The historical cost ofthe|||investment||portfolio (excluding|cash)||at the year end was f714,395 (2022 -f714,395).|||
|All the investments
are||held primarily|||to provide an investment|||return for the charity.|||
||||||||||2023
f|2022
f|
|Investments
at market||value comprised:|||||||||
|Equities shares - UK
Investment
trusts and|unit trusts|||- UK|||||100
629,937|98
684,018|
||||||||||630,037|684,116|
##
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||||2023||2022|
|---|---|---|---|---|---|
||||6||E|
|Rents due|||21,713||20,379|
|Income tax recoverable|||2,585||2,576|
|Other debtors|||||1,461|
|Prepayments|||11,729
36,027||10,674
35,090|
|10 CASH AT BANK||||||
||||2023||2022|
||||8|||
|Lloyds Bank Pic -
Held by investment|current accounts
managers||202,504
484
202,988||282,450
477
282,927|
|11 CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||2023||2022|
||||6||F|
|Trade creditors|||8,802||12,637|
|Social security and other
Other creditors||taxes|22,109
21,910||18,663
14,599|
|Deferred income|||13,433||3,910|
|Accrued expenses|||17,033
83,287||33,610
83,639|
|12 CAPITAL RESERVE||||||
||||2023||2022|
||||E|||
|Balance at 1stApril 2022
Transfer (to)/from
General||Fund|1,645,286
~47651|~,|1,600,160
54,874)|
|Balance at 31st March 2023|||1,497,635||1,545,286|
##
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|ANALYSIS OF NET ASSETS BETWE|EN FUNDS||||
|---|---|---|---|---|
||General|Care|Capital|Total|
||fund
F|fund
F|reserve
f|funds
8|
|Tangible fixed assets
Investments|214,381|415,656|1,497,635|1,497,635
630,037|
|Current assets
Current
liabilities
At 31st March 2023|136,380
~83,28T)
267,474|102,942
518,598|1,497,635|239,322
~8328,7
2,283,707|
|Tangible fixed assets
Investments|274,422|409,694|1,545,286|1,545,286
684,116|
|Current assets
Current
liabilities
At 31st March 2022|177,844
~(83,639
368,627|140,643
550,337|1,545,286|318,487
~(83,639
2,464,250|
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