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||Page|
|---|---|
|Reference andAdministrativeDetails||
|Reportofthe Trustees|2to8|
|Reportofthe IndependentAuditors|9 to12|
|StatementofFinancialActivities|13|
|StatementofFinancialPosition|14|
|StatementofCash Flows|15|
|Notestothe Financial Statements|16to36|
|Detailed StatementofFinancialActivities|37to38|











## 

|**TRUSTEES**|W Coleman (resigned14/9/22)|
|---|---|
||**T**R Espley(Chair)|
||E Horton|
||E C Wardlaw (Vice Chair)|
||**M**Greaves (Finance Director)|
|**COMPANY SECRETARY**|M Z Lewis|
|**REGISTERED OFFICE**|Banbury Road|
||Byfield|
||Daventry|
||Northamptonshire|
||NN116UA|
|**REGISTERED COMPANY**|00541304 (England and Wales)|
|**NUMBER**||
|**REGISTERED CHARITY**|228037|
|**NUMBER**||
|**AUDITORS**|ONGDove Naish LLP, Statutory Auditor|
||Eagle House|
||28Billing Road|
||Northampton|
||Northamptonshire|
||NN15AJ|
|**BANKERS**|Lloyds Bank|
||12 High Street|
||Banbury|
||Oxfordshire|
||OX16 5EF|
|**GENERAL MANAGER**|Richard Smith|







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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies|3|110,413|32,890|143,303|67,591|
|**Charitable activities**|5|||||
|General Care||1,393,746||1,393,746|1,227,988|
|Supported Living||517,186||517,186|571,303|
|Investment income|4|37||37|2|
|**Total**||2,021,382|32,890|2,054,272|1,866,884|
|**EXPENDITURE ON**||||||
|**Charitable activities**|6|||||
|General Care||1,314,713|47,697|1,362,410|1,261,078|
|Supported Living||359,325||359,325|391,405|
|Pension Scheme||25,000||25,000|24,000|
|**Total**||1,699,038|47,697|1,746,735|1,676,483|
|Gainsonrevaluation offixed assets|||||242,593|
|**NET INCOME/(EXPENDITURE)**||322,344|(14,807)|307,537|432,994|
|**Otherrecognised gains/(losses)**||||||
|Actuarial gains and other movementson|defined|58,000||58,000|184,000|
|benefit schemes||||||
|**Net movementinfunds**||380,344|(14,807)|365,537|616,994|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||2,384,960|2,313,441|4,698,401|4,081,407|
|**TOTAL FUNDS CARRIED FORWARD**||2,765,304|2,298,634|5,063,938|4,698,401|



## 





## 

## 

|||2023|2022|
|---|---|---|---|
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|12|5,371,638|5,219,127|
|**CURRENT ASSETS**||||
|Stocks|13|4,116|4,689|
|Debtors|14|169,838|152,472|
|Cashatbank andinhand||305,925|254,273|
|||479,879|411,434|
|**CREDITORS**||||
|Amounts falling due withinone year|15|(181,528)|(205,899)|
|**NET CURRENT ASSETS**||298,351|205,535|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||5,669,989|5,424,662|
|**CREDITORS**||||
|Amountsfalling due after more thanoneyear 16||(331,951)|(373,261)|
|**PENSION LIABILITY**|22|(274,100)|(353,000)|
|**NET ASSETS**||5,063,938|4,698,401|
|**FUNDS**|21|||
|Unrestricted funds||2,765,304|2,384,960|
|Restrictedfunds||2,298,634|2,313,441|
|**TOTAL FUNDS**||5,063,938|4,698,401|












## 

## 

|||2023|2022|
|---|---|---|---|
||Notes|£|£|
|**Cash flows from operating activities**||||
|Cash generated from operations|26|262,058|144,966|
|Interest paid||(1,468)|(1,397)|
|Net cash provided by operating activities||260,590|143,569|
|**Cash flows from investing activities**||||
|Purchase of tangible fixed assets||(182,455)|(29,544)|
|Sale of tangible fixed assets||13,500|1,491|
|Interest received||37|2|
|Net cash usedininvesting activities||(168,918)|(28,051)|
|**Cash flows from financing activities**||||
|Loan repaymentsinyear||(40,020)|(36,117)|
|Net cash usedinfinancing activities||(40,020)|(36,117)|
|**Change in cash and cash equivalents**||||
|**inthe reporting period**||51,652|79,401|
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**||254,273|174,872|
|**Cash and cash equivalents at the end**||||
|**of the reporting period**||305,925|254,273|






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||||2023|2022|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|Donations|110,413||110,413|19,133|
|Grants||32,890|32,890|48,458|
||110,413|32,890|143,303|67,591|



|Grants received, includedinthe above, areasfollows:|||
|---|---|---|
||2023|2022|
||£|£|
|West Northamptonshire Council|32,890|48,458|







## 

## 

|**4.**|**INVESTMENTINCOME**|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||£|£|£|£|
||Interest receivable|37||37|2|
|**5.**|**INCOME FROM CHARITABLE ACTIVITIES**|||||
|||||2023|2022|
|||Activity||£|£|
||Fees and allowances|General Care||1,393,746|1,227,208|
||Other income|General Care|||780|
||Fees and allowances|Supported Living||469,444|519,964|
||Charitablerental income|Supported Living||47,742|51,339|
|||||1,910,932|1,799,291|
|**6.**|**CHARITABLEACTIVITIES**|**COSTS**||||



|**CHARITABLEACTIVITIES COSTS**||||
|---|---|---|---|
|||Support||
||Direct|costs (see||
||Costs|note7)|Totals|
||£|£|£|
|General Care|1,342,556|19,854|1,362,410|
|Supported Living|359,325||359,325|
|Pension Scheme|16,000|9,000|25,000|
||1,717,881|28,854|1,746,735|



## 

## 







## 

## 

|**7.**|**SUPPORT COSTS**||||
|---|---|---|---|---|
||||Governance||
|||Finance|costs|Totals|
|||£|£|£|
||General Care|14,000|5,854|19,854|
||Pension Scheme|9,000||9,000|
|||23,000|5,854|28,854|



||||2023|2022|
|---|---|---|---|---|
||General|Pension|Total|Total|
||Care|Scheme|activities|activities|
||£|£|£|£|
|Bank charges|12,532||12,532|11,691|
|Interest payable and similar charges|1,468|9,000|10,468|11,397|
|Auditors' remuneration|5,400||5,400|4,500|
|Trusteesinsurance|454||454|772|
||19,854|9,000|28,854|28,360|



## 

||2023|2022|
|---|---|---|
||£|£|
|Auditors'remuneration|5,400|4,500|
|Depreciation - ownedassets|15,209|17,812|
|Deficitondisposal of fixed assets|1,235||
|Auditorsremuneration for non-audit work|4,788|3,846|



## 

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## 

|**STAFF COSTS**|||
|---|---|---|
||2023|2022|
||£|£|
|Wages andsalaries|1,206,486|1,151,440|
|Social securitycosts|115,868|99,447|
|Other pension costs|51,214|49,423|
||1,373,568|1,300,310|



## 

|2023|2022|
|---|---|
|44|49|



|||<br>£60,000 was:||||
|---|---|---|---|---|---|
|||||2023|2022|
|||£70,001- £80,000||1|1|
|**11  **|**.**|**COMPARATIVES FOR THESTATEMENTOFFINANCIAL ACTIVITIES**||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||£|£|£|
|||**INCOME AND ENDOWMENTS FROM**||||
|||Donations and legacies|19,133|48,458|67,591|
|||**Charitable activities**||||
|||General Care|1,227,988||1,227,988|
|||Supported Living|571,303||571,303|
|||Investment income|2||2|
|||**Total**|1,818,426|48,458|1,866,884|
|||**EXPENDITURE ON**||||
|||**Charitable activities**||||
|||General Care|1,208,649|52,429|1,261,078|
|||Supported Living|391,405||391,405|
|||Pension Scheme|24,000||24,000|
|||Pensionscheme buyout||||
|||**Total**|1,624,054|52,429|1,676,483|
|||Net gainsoninvestments|242,593||242,593|
||||Page22||continued...|











## 

## 

|**11.**|**COMPARATIVES FOR THE STATEMENTOFFINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENTOFFINANCIAL ACTIVITIES**|**- continued**||
|---|---|---|---|---|
|||Unrestricted|<br>Restricted|Total|
|||funds|funds|funds|
|||£|£|£|
||**NET INCOME/(EXPENDITURE)**|436,965|(3,971)|432,994|
||**Other recognised gains/(losses)**||||
||Actuarial gainsondefined benefit||||
||schemes|184,000||184,000|
||**Net movementinfunds**|620,965|(3,971)|616,994|
||**RECONCILIATIONOFFUNDS**||||
||Total funds brought forward|1,763,995|2,317,412|4,081,407|
||**TOTAL FUNDS CARRIED FORWARD**|2,384,960|2,313,441|4,698,401|
|**12.**|**TANGIBLE FIXED ASSETS**||||
||||Improvements|Fixtures|
|||Freehold|to|and|
|||property|property|fittings|
|||£|£|£|
||**COST OR VALUATION**||||
||At 1 April 2022|4,012,593|1,137,407|468,572|
||Additions||178,688|1,226|
||Disposals|(14,735)|||
||At31March 2023|3,997,858|1,316,095|469,798|
||**DEPRECIATION**||||
||At 1 April2022|||410,738|
||Charge for year|||8,089|
||Eliminated on disposal||||
||At31March 2023|||418,827|
||**NET BOOK VALUE**||||
||At31March 2023|3,997,858|1,316,095|50,971|
||At31March 2022|4,012,593|1,137,407|57,834|









## 


## 

|**TANGIBLE FIXED ASSETS - continued**||||
|---|---|---|---|
||Motor|Computer||
||vehicles|equipment|Totals|
||£|£|£|
|**COST OR VALUATION**||||
|At1 April 2022|72,025|36,542|5,727,139|
|Additions||2,541|182,455|
|Disposals|(45,538)||(60,273)|
|At31March 2023|26,487|39,083|5,849,321|
|**DEPRECIATION**||||
|At1 April 2022|65,775|31,499|508,012|
|Charge for year|3,699|3,421|15,209|
|Eliminatedondisposal|(45,538)||(45,538)|
|At31March 2023|23,936|34,920|477,683|
|**NET BOOK VALUE**||||
|At31March2023|2,551|4,163|5,371,638|
|At31March2022|6,250|5,043|5,219,127|
|Cost or valuationat31March 2023isrepresentedby:||||
|||Improvements|<br>Fixtures|
||Freehold|to|and|
||property|property|fittings|
||£|£|£|
|Valuationin2017|2,699,318|||
|Valuationin2022|242,593|||
|Cost|1,055,947|1,316,095|469,798|
||3,997,858|1,316,095|469,798|
||Motor|Computer||
||vehicles|equipment|Totals|
||£|£|£|
|Valuationin2017|||2,699,318|
|Valuationin2022|||242,593|
|Cost|26,487|39,083|2,907,410|
||26,487|39,083|5,849,321|







## 

## 


|**13.**|**STOCKS**||||
|---|---|---|---|---|
|||2023||2022|
|||£||£|
||Stocks|4,116||4,689|
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||2023||2022|
|||£||£|
||Trade debtors|97,545||135,156|
||Other debtors|5,136||1,478|
||Prepayments and accrued income|67,157||15,838|
|||169,838||152,472|
|**15.**|**CREDITORS : AMOUNTS FALLINGDUE WITHIN ONE YEAR**||||
|||2023||2022|
|||£||£|
||Bank loansand overdrafts (see note 17)|41,912||40,622|
||Trade creditors|10,915||13,480|
||Social security and other taxes|25,376||24,060|
||Other creditors|9,121||12,185|
||Accrualsand deferred income|94,204||115,552|
|||181,528||205,899|
||Deferred incomerelates to fees received for thenext financial year.||||
||||£||
||Balance as at 31 March 2022|95,894|||
||Amount released to incoming resources|(95,894)|||
||Amount deferredinyear|67,648|||
||Balanceasat31March 2023|67,648|||










## 

|**16.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|---|---|---|---|---|
||||2023|2022|
||||£|£|
||Bank loans (see note 17)|331,951||373,261|
|**17.**|**LOANS**||||
||Ananalysis of the maturity of loansisgivenbelow:||||
||||2023|2022|
||||£|£|
||Amounts falling due within one yearondemand:||||
||Bank loans||41,912|40,622|
||Amounts falling between one and two years:||||
||Bank loans - 1-2 years||43,030|41,912|
||Amountsfalling due between two and five years:||||
||Bank loans - 2-5 years|136,465||132,761|
||Amountsfalling dueinmore than five years:||||
||Repayablebyinstalments:||||
||Bank loans repayableinmorethan5 years|152,456||198,588|
|**18.**|**LEASING AGREEMENTS**||||
||Minimum lease payments under non-cancellable operating leases fall dueas||follows:||
||||2023|2022|
||||£|£|
||Withinone year||2,821|1,069|
||Between one and five years||270||
||||3,091|1,069|
|**19.**|**SECURED DEBTS**||||
||Thefollowing secured debts are included within creditors:||||
||||2023|2022|
||||£|£|
||Bank loans|373,863||413,883|
||Lloyds Bank PLC has afixedcharge over the Charitable company's freehold||properties.||










## 

## 

||||2023|2022|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|Fixed assets|3,079,391|2,292,247|5,371 ,638|5,219,127|
|Current assets|473,492|6,387|479,879|411,434|
|Current liabilities|(181,528)||(181,528)|(205,899)|
|Longterm liabilities|(331,951)||(331,951)|(373,261)|
|Pension liability|(274,100)||(274,100)|(353,000)|
||2,765,304|2,298,634|5,063,938|4,698,401|



|**MOVEMENTINFUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1/4/22|infunds|31/3/23|
||£|£|£|
|**Unrestricted funds**||||
|Generalfund|1,407,771|301,444|1,709,215|
|Revaluation reserve|1,299,540||1,299,540|
|Fair Value Reserve|30,630||30,630|
|Pension LiabilityFund|(353,000)|78,900|(274,100)|
|Share Capital|19||19|
||2,384,960|380,344|2,765,304|
|**Restricted funds**||||
|Apps House Fund|416,389||416,389|
|Giles House Fund|72,396||72,396|
|Innes House Fund|147,655||147,655|
|Pottery Fund|14,544|(14,544)||
|F J Apps TrainingFund|3,980|(73)|3,907|
|Welfare Fund|6,388||6,388|
|Revaluation Reserve|1,642,371||1,642,371|
|Marks Donation|5,000||5,000|
|Screwfix Foundation|3,500||3,500|
|Tilney Donation|1,218|(190)|1,028|
||2,313,441|(14,807)|2,298,634|
|**TOTAL FUNDS**|4,698,401|365,537|5,063,938|







## 

## 

||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|2,021 ,382|(1,719,938)||301,444|
|Pension Liability Fund||20,900|58,000|78,900|
||2,021,382|(1,699,038)|58,000|380,344|
|**Restricted funds**|||||
|Pottery Fund||(14,544)||(14,544)|
|F J Apps Training Fund||(73)||(73)|
|Tilney Donation||(190)||(190)|
|COVID-19 Infection control|608|(608)|||
|COVID-19 Support Fund|3,111|(3,111)|||
|Workforce Retention and Recruitment|||||
|Fund|29,171|(29,171)|||
||32,890|(47,697)||(14,807)|
|**TOTAL FUNDS**|2,054,272|(1,746,735)|58,000|365,537|









## 

## 

## 

|**Comparatives for movementinfunds**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1/4/21|in funds|31 /3/22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,229,399|178,372|1,407,771|
|Revaluation reserve|1,056,947|242,593|1,299,540|
|Fair ValueReserve|30,630||30,630|
|PensionLiabilityFund|(553,000)|200,000|(353,000)|
|Share Capital|19||19|
||1,763,995|620,965|2,384,960|
|**Restricted funds**||||
|Apps House Fund|416,389||416,389|
|Giles House Fund|72,396||72,396|
|Innes HouseFund|147,655||147,655|
|Pottery Fund|14,544||14,544|
|F J Apps TrainingFund|5,555|(1,575)|3,980|
|WelfareFund|6,388||6,388|
|Revaluation Reserve|1,642,371||1,642,371|
|Marks Donation|5,000||5,000|
|Screwfix Foundation|3,500||3,500|
|Tilney Donation|1,408|(190)|1,218|
|Workforce Grant|2,206|(2,206)||
||2,317,412|(3,971)|2,313,441|
|**TOTAL FUNDS**|4,081,407|616,994|4,698,401|








## 

## 

## 

||Incoming|Resources|Gainsand|Movement|
|---|---|---|---|---|
||resources|expended|losses|infunds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|1,818,426|(1,640,054)||178,372|
|Revaluation reserve|||242,593|242,593|
|Pension Liability Fund||16,000|184,000|200,000|
||1,818,426|(1,624,054)|426,593|620,965|
|**Restricted funds**|||||
|F J Apps Training Fund||(1,575)||(1,575)|
|Tilney Donation||(190)||(190)|
|COVID-19 Infection control|26,922|(26,922)|||
|Rapid Testing Fund|18,097|(18,097)|||
|WorkforceGrant|3,439|{5,645)||{2,206)|
||48,458|(52,429)||(3,971)|
|**TOTAL FUNDS**|1,866,884|{1,676,483)|426,593|616,994|



## 

## 








## 

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## 




## 

## 

||Defined|benefit|
|---|---|---|
||pension|plans|
||2023|2022|
||£|£|
|Present value of fundedobligations|(1,154,000)|(1,467,000)|
|Fair value of plan assets|879,900|1,114,000|
||(274,100)|(353,000)|
|Present value of unfundedobligations|||
|Deficit|(274,100)|(353,000)|
|Net liability|(274,100)|(353,000)|








## 

## 





||Defined|benefit|
|---|---|---|
||pension|plans|
||2023|2022|
||£|£|
|Current service cost|||
|Net interest from net defined benefit|||
|asseUliability|9,000|10,000|
|Past service cost|||
|Administration expenses|16,000|14,000|
||25,000|24,000|
|Actual returnon planassets|30,000|21,000|



|Changesinthe present value of the defined benefit obliga|tionareasfollows:||
|---|---|---|
||Defined|benefit|
||pension|plans|
||2023|2022|
||£|£|
|Opening defined benefit obligation|1,467,000|1,661,000|
|Interest cost|39,000|31,000|
|Actuarial losses/(gains)|(367,000)|(94,000)|
|Benefitspaid|(43,000)|(44,000)|
|Remeasurements:|||
|Actuarial (gains)/losses from changesin|||
|financial assumptions|58,000|(74,000)|
|Other benefits paid||(13,000)|
||1,154,000|1,467,000|







## 

## 

## 

||Defined|benefit|
|---|---|---|
||pension|plans|
||2023|2022|
||£|£|
|Openingfairvalueof scheme assets|1,114,000|1,108,000|
|Contributionsbyemployer|45,900|40,000|
|Administration expenses|(16,000)|(14,000)|
|Expected return|30,000|21,000|
|Benefits paid|(43,000)|(44,000)|
|Remeasurements:|||
|Returnonplan assets(excluding|||
|interest income)|(251,000)|16,000|
|Other benefitspaid||(13,000)|
||879,900|1,114,000|



||Defined|benefit|
|---|---|---|
||pension|plans|
||2023|2022|
||£|£|
|Actuarial(gains)/losses from changes in|||
|financial assumptions|(58,000)|74,000|
|Other benefits paid||13,000|
|Returnonplan assets(excluding|||
|interest income)|(251,000)|16,000|
|Other benefits paid||(13,000)|
|Actuarialgains/(losses)|367,000|94,000|
||58,000|184,000|




||Defined|benefit|
|---|---|---|
||pension|plans|
||2023|2022|
||£|£|
|Equities|485,000|526,000|
|Diversified growth funds|95,000|187,000|
|Liability driven investments|35,000|112,000|
|Bonds|211,000|192,000|
|Cash|53,900|97,000|
||879,900|1,114,000|







## 

## 

## 

||||||2023||2022|
|---|---|---|---|---|---|---|---|
||Discount rate||||4.75%||2.70%|
||RPIinflation||||3.35%||3.90%|
||CPIinflation||||2.95%||3.40%|
||Life expectancies(inyears):-|||||||
||||31|March 2023||31|March 2022|
|||Males||Females|Males||Females|
||Foranindividual aged 65 at yearend|22.0||24.4|21|.9|24.3|
||At age 65 foranindividual aged 45 at year end|<br>23.3||25.8|23.2||25.7|
|**23.**|**CAPITAL COMMITMENTS**|||||||
||||||2023||2022|
||||||£||£|
||Contracted but not provided forinthe financial|statements|||175,402|||



## 

## 

## 

|**ACTIVITIES**|||
|---|---|---|
||2023|2022|
||£|£|
|**Net income for the reporting period (as per the Statement of**|||
|**Financial Activities)**|307,537|432,994|
|**Adjustmentsfor:**|||
|Depreciation charges|15,209|17,812|
|Lossesoninvestments||(242,593)|
|Lossondisposaloffixed assets|1,235||
|Interest received|(37)|(2)|
|Interest paid|1,468|1,397|
|Decreaseinstocks|573|542|
|Increaseindebtors|(17,366)|(37,931)|
|Decreaseincreditors|(25,661)|(11,253)|
|Difference between pension charge and cash contributions|{20,900)|{16,000)|
|**Net cash providedbyoperations**|262,058|144,966|






## 

## 

|**27.**|**ANALYSISOFCHANGESINNET DEBT**||||
|---|---|---|---|---|
|||At 1/4/22|Cash flow|At 31/3/23|
|||£|£|£|
||**Net cash**||||
||Cash at bank andinhand|254,273|51,652|305,925|
|||254,273|51,652|305,925|
||**Debt**||||
||Debts falling due within 1 year|(40,622)|(1,290)|(41,912)|
||Debts falling due after 1 year|(373,261)|41,310|(331,951)|
|||(413,883)|40,020|(373,863)|
||**Total**|(159,610)|91,672|(67,938)|
|**28.**|**SHARE CAPITAL**||||
||||**2023**|**2022**|
||**Ordinary share capital**||£|£|
||**Issued and fully paid**||||
||19Ordinary shares of£1each||19|19|