## ## ||||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|