2023-03-31-accounts

			Page
Reference and administrative		information
Report ofthe Trustees
Independent Auditors'	Report	tothe trustees
Statement of Financial	Activities
Balance Sheet			12
Statement ofCash Flows
Notes to the Financial	Statements		14

						Unrestricted	Restricted	Endowment	2023	2022
					Notes	Funds	Funds	Funds	Total	Total
							E
Income
Donations	8 legacies					2,821	744		3,565	4,153
Charitable	activities					2,550,215			2,550,215	2,453,615
Fundraising	activities						1,030		1,030	267
Investment	income					27,755			27,755	34,827
Other income						17,316			17,316
			Total income			2,598,107	1,774		2,599,881	2,492,862
Expenditure
Cost of raising funds
Property	letting costs				7	14,684			14,684	4,202
Expenditure	on charitable		activities',		9
Care home						2„919,287	2,853		2,922,140	2,445,072
General						95,715			95,715	96,302
	7elel		expeedilere			3,029686	2,853		3„032,539	2,545,576
	Net income(expenditure)					(431,579)	(1,079)		(432,658)	(52,714)
Transfer between funds
	hlet movement			in funds		(431,579)	(1,079)		(432,658)	(52,714)
Reconciliation offunds
Total funds brought		forward				573,6?3	78,353	4,025	656,051	708,765
	Total funds	carried		forward		142,094	77,274	4,025	223,393	656,051

as at 31	March		2023
				Notes				2022
Fixed assets
Tangible assets				13		7,610,479		7,640,010
			Total fixed assets			7,610,479		7„640,010
Current assets
Debtors				14	192,880		192,980
Cash at bank and		in hand			63,617		161,401
		Total current assets			256,497		354.381
Liabilities
Creditors'	amounts		falling due within
one year				15	353,468		298,641
Net current			(liabilities) assets			(96,971)		55,740
	Total	assets less current
			(liabilities) assets			7,513,508		7,695,750
Creditors:	amounts		falling due after
more than	one year:			16		7,290,115		7,039,699
			Total net assets			223.393		656,051
The funds	ofthe	charity:
Endowment	fund			17		4,025		4,025
Restricted	income	funds		1?		77,274		78,353
Unrestricted	income		funds
General funds				17		142,094		573,673
		Total charily funds				223,393		656051

for the year ended 31Iia	rch 2023
				Total funds	Total funds
			Notes	2023	2022
				E
Net cash used ln operating	activities			115,448	199,316
Cash flows from investin g	activities
Interest and rental income				27,755	34,827
Purchase offurniture and	equipment			{21,407)	{46.820)
Care horne property costs				(6,000)	(23,527)
Site development costs
Proceeds from sale ofasset				17,316
Net cash provided by investing activities				17,664	(35,520)
Cash flows from financing	activities:
Repayment ofborrowing					(270,000)
Cash inflow from new borrowings
Net cash provided by financing activities					(270,000)
Change in cash and cash equivalents		in the
year				(97,784)	(106,204)
Cash and cash equivalent brought forward				161,401	267,605
Cash and cash equivalents	carried forward			63,617	161,401

2	Donations	8	legacies
				Unrestricted	Restricted	Endowment	2023	2022
				Funds	Funds	Funds	Total	Total
				E		E		E
	Gifts and	donations		2,821	744		3,565	4,153
				2,821	744		3,565	4 153
3	Charitable	activities		Unrestricted	Restricted	Endowment	2023	2022
				Funds	Funds	Funds	Total	Total
				E		E		E
	Care horne fees			2,539,813			2,539,813	2,358,798
	Care home COVID 19grants			8,820			8,820	93,156
	Miscellaneous		receipts	1,582			1,582	1,661
				2,650,215			~2,550. 15	2 453 615

4	Fundraising		activities	activities		Unrestricted	Restricted	Endowment	2023	2022
						Funds	Funds	Funds	Total	Total
						E	E	E		E
	Miscellaneous			events			1,030		1,030	267
							1,030		1,030	267
5	Investment	Income				Unrestricted	Restricted	Endowment	2023	2022
						Funds E	Funds	Funds F	Total K	Totalf
	Income from		investments		held In U.K.
	Rents from properties					27,541			27,541	34,814
	Bank interest					214			214	13
						27.755			27,755	34,827
6	Other income					Unrestricted	Restricted	Endowment	2023	2022
						Funds	Funds	Funds	Total	Total
						F.	f.	E		E
	Profit from sale			of land		17,316			17,316
						17316			17,316
7	Property letting costs					Unrestricted	Restricted	Endowment	2023	2022
						Funds	Funds	Funda	Total	Total
						f.	E	E		E
	Repairs and	maintenance			to properties	14,684			14,684	4,202
						14,684			14,684	4 202

Charitable activitie	s
			Care Home	General	2023	2022
			E	E	E
Chaplains maintenance			3,707	4,659	8,366	7,200
Charitable donations			18	144	162	450
Church goods, flowers		and books				1,026
Food etc.			110,994		110,994	75,001
Wages and NIC			2,088,686	10,840	2,099,526	1,725,987
Medical care expenses			44,478		44,478	28,766
Training			2,988		2,988	14,108
Uniform costs			6,481		6,481	2,674
Heating and lighting			63,589	7,947	71,536	62,379
Rates and water			19,939	18,304	38,243	30,174
Insurance			32,761	26,804	59,565	51,997
Repairs and maintenance			53405	10,442	63,847	66,172
Equipment leasing and rental			11,250		11,250	26,421
Telephone costs			6,111		6,111	3,259
Stationery and advertising			10,285		10,285	6,777
Motor and travelling			480	828	1,308	1,175
Outsourced laundry	service		41,919		41,919	26,800
Cleaning expenses			52,920	672	53,592	38,170
Miscellaneous expenses			21,001	18	21,019	22,873
Resident activity costs			3,260		3,260
Employee recruitment		costs				12,830
Legal and professional		fees	44,320	4,281	48,601	31,475
Audit fees			3,485	3,485	6,970	6,330
Loan interest			250,416		250,418	245,330
Depreciation			49,647	7,291	56,938	54„000
			2,922,140	05,715	3,017,855	2,541,374

The average w	eekly number ofpersons employed by the charity dur	ing the year was:
		2023	2022
General maintenance		2	2
Nursing staff		89	81
Care home administration		3	3
Charity administration		1	1
		95	87
The aggregate	payroll costs ofthe above was:	2023f	2022
Wages and salaries		1,746,958	1,626,273
Social security	costs	111,479	82,277
Pension costs		20,448	17,437
		2 099,526	1,699,021

		Land 8
	Land and	Buildings New	Develop-	Furniture 8	Motor
	buildings f	Care home f	ment costs	equipmentf	vehicles	Totalf
Cost
At 1 April 2022	782,643	6,645,882	12,912	491,990		7,933,42?
Additions		6,000		21,407		27,407
Dispo sale
At 31 March 2023	752,643	~51,882	12,912	513,397		7,960,834
Depreciation
At 1 April 2022	48,276			245,141		293,417
Charge for the year	4,291			52,647		56,938
On disposals
At 31 March 2023	52,567			297,788		350,355
Net book value
At 31 March 2023	730,076	6,651,882	12,912	215,609		7,610,479
At 1 April 2022	734,367	6,645862	12,912	246,849		7,640,010

14	Debtors: amounts	falling due within one year	2023f	2022f
	Trade debtors		157,480	98,545
	Prepayments		35,400	29,318
	Other debtors			65,117
			192,880	192980

15	Creditors.'amounts	falling due within one year		2022
	Loan - Buckfast Abbey Trustees Registered.
	Fees raised in advance		159,461	109,024
	Trade creditors		70,605	65,572
	Taxation and social	security	50,496	27,655
	Other creditors		21,842	30,534
	Accruals and deferred income		51,064	65,856
			353,469	295,641
16	Creditors amounts	falling due after more than one year	2023	2022
				E
	Loan - Buckfast Abbey Trustees Registered.		7,290,115	7,039,699
			7290,115	7,039.699
	Due within 2-5years
	Due in greater than	5 years	7,290 115	7 039.699
			7,290, 115	7 039,699

		Unrestricted	Restricted	Endowment
		funds	funds	funds	Total funds
Tangible fixed assets		7,530,874	75,580	4,025	7,610,479
Current assets		254,803	1,694		256,497
Creditors: amounts	falling due within one year	(353,468)			(353,468)
Creditors: amounts	falling due after more than one year
Totalnet assets		7,290,115 142,994	77,274	4,025	7,290,115 ~223,

Nlithln	one year
Between two and five years
In over	five years

		2023	2022
Net movement in funds		(432,658)	(52,714)
Add back depreciation charge		56,938	54,000
Deduct Profit on disposal		(17,316)
Deduct interest and rental income shown on investing	activities	(27,755)	(34,627)
Add Interest charged on loans		250,416	245,330
Decrease (increase) in debtors		100	(56,863)
Increase (decrease) in creditors		54,827	44,390
Net cash used in operating activities		~115,448	199,318