2023-03-31-accounts

	Page
Trustees' annual report	1-7
Independent audit report	8-16
Statement of Financial Activities
Balance sheet	12
Cash flow statement	13
Accounting policies	14-16
Notes tothe financial statements	17-23

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
				Note	2023	2023	2023	2022
					6	6	6	f
Income and endowments	from:
Donations and legacies
Donations and legacies					2,000		2,000	1,000
Chaiitable activities
Residential care for the	frail elderly				985,496		985,496	955,620
Investments					10,809		10,809	6,795
Other:
Government Grants					1,569		1,569	57,614
Total income and endowments					999,874		999,874	1,023,029
Expenditure on
Charitable activities
Residential care for the	frail elderly			3	(1,081,048)	(29,788)	(1,110,836)	(1,076,897)
Investment management	costs				(3,215)		(3,215)	(3,456)
Total expenditure					(1,084,263)	(29,788)	(1,114,051)	(1,080,353)
Net expenditure befom investment			gains		(84,389)	(29,788)	(114,177)	(57,324)
Net (losses) Igains on investments					(25,563)		(25,563)	5,055
Net expenditure and movement		in funds for the year			(109,952)	(29,788)	(139,740)	(52,269)
Reconciliation offunds:
Total funds at 1 April 2022					940,465	799,774	1,740,239	1,792,506
Total funds at 31 March 2023					830,513	769,986	1,600,499	1,740,239

			Note	2023	2022
				8
Fixed assets
Tangible assets			8	1,205,307	1,239,948
Current assets
Stocks			9	7,592	6,149
Debtors			10	36,305	14,384
Investments			11	336,815	356,089
Cash at bank	and in	hand	12		198,590
				475,246	577,212
Creditors: amounts		falling due within one year	13	I80,054)	(76,921)
Net current assets				395,192	500,291
Total assets	less current liabilities			1,600,499	1,740,239
Funds ofthe	charity:
Unrestricted	funds
Designated	reserves		17	490,772	486,826
General revenue		reserve	17	339,741	453,639
				830,513	940,465
Restricted funds			17	769,986	799,774
Total funds				1,600,499	1,740,239

			2023	2022
			6
Cash flows from operating activities:
Net expenditure for the year			(114,177)	(57,324)
Adjustments for:
Deprecation oftangible fixed assets			53,362	52,700
Loss on disposal oftangible fixed	assets		3,276
Interest receivable			(10,809)	(8,795)
Decrease m stocks			557	891
(Increase) / decrease in debtors			(21,065)	5,935
Increase / (decrease) in creditors			3,133	(385)
Net cash used in operating activities			(85,723)	(6,978)
Cash flows from investing activities:
Interest received			9,953	8,811
Purchase of other fixed assets			(21,997)	(7,573)
Purchase ofcurrent asset investments			(6,289)	(5,175)
Net cash used in investing activities			(18,333)	(3,937)
Net decrease in cash and cash	equivalents		(104,056)	(10,915)
Cash and cash equivalents at the	beginning	ofthe year	198,590	209,505
Total cash and cash equivalents	at the end ofthe year		94,534	198,590

1.	Incoming	resources from ch		aritable	activities	Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
						2023	2023	2023	2022
						E	E	E	E
	Residential		care for the frail	elderly
	Residential	care fees				984,995		984,995	955,555
	Other sundry		income			501		501	65
						985,496		985,496	955,620
	In the prior	year total incoming		resources from charitable		activities were E955,620, afi ofwhich was unrestricted.
2.	Investment		income			Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
						2023	2023	2023	2022
								E
	Building society interest					25		25	10
	Investment	interest and dividends				9,504		9,504	8,631
	Bank interest					1,280		1,280	154
						10,809		10,809	8,795

Analysis ofexpenditure on charitable activities			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
			E	E	E
Residential care for the frail elderly
Direct residential care costs
Payroll and other staff costs			798,302		798,302	787,810
Food and catering			50,801		50,801	51,540
Council tax, utilities and msurance			44,174		44,174	42,932
Registration charges			4,403		4,403	4,403
Premises, garden and equipment		maintenance	69,463		69,463	44,864
Postage, stationery, advertismg	and telephone		4,308		4,308	5,508
Other sundry expenses			24,584		24,584	27,973
Depreciation and loss on disposal		offixed assets	26,195	29,786	55,983	52,076
Administrative support costs
Payroll costs			25,136		25,136	24,764
Abbeyfield Society affiliation			9,674		9,674	9,674
Other sundry expenses			9,345		9,345	9,617
Depreciation and loss on disposal		offixed assets	655		655	624
Governance costs
Independent examination and accountancy			14,008		14,008	15,092
			1,081,048	29,788	1,110,836	1,076,897

4.	Net outgoing resource	s			2023f	2022 f
	Net outgoing resources	is	stated after charging:—
	Director's remunerabon				9,605	9,457
	Auditor's remuneration:	as	auditor		9,150	12,025
	Auditor's remuneration:	other services			3,518	1,906
	Depreciation oftangible	fixed assets			53,362	52,700
	Operating lease payments		—equipment		15,785	12,960
5.	Staff costs and numbers				2023f	2022
	The aggregate payroll costs during			the year amounted to:-
	Wages and salaries				754,606	749,116
	Social security costs				48,824	47,078
	Pension costs				11,707	11,872
					815,137	808,066

The average	monthly	number	ofemployees	during	the year were:-	the year were:-		2023	2022
								Number	Number
Administration	-part	time						2	2
Hostel staff -	full time	and part	time					37	36
								39	38
The average	monthly	number	offull time equivalent		employees	duding	the year were;
Administration								1	1
Hostel staff								24	25
								25	26

8	. Tangible fixed assets
						Fixtures,
				Freehold	land	fittings and
				and buildings		equipment	Total
					6	6
	Cost
	At1 Apnl 2022			1,921,404		326,709	2,248,113
	Additions				9,443	12,554	21,997
	Disposals					(7,138)	(7,138)
	At 31March 2023			1,930,847		332,125	2,262,972
	Depreciation
	At 1 Apnl 2022			756,537		251,628	1,008,165
	Charge for the year			35,817		17,545	53,362
	Dispose la					(3,862)	(3,862)
	At 31March 2023			792,354		265,311	1,057,665
	Net book value
	At 31 March 2023			1,138,493		66,814	1,205,307
	At 31 March 2022			1,164,867		75,081	1,239,948
9.	Stocks					2023	2022
							6
	Food					2,478	2,505
	Other sundry stocks					5,114	5,644
						7,592	8,149
10.	Debtors					2023	2022
						6	2
	Trade debtors					18,878
	Other debtors					184
	Prepayments					16,331	14,328
	Accrued income					912	56
						36,305	14,384
11.	Investments	Value at	Additions	Dlsposals		Change in	Value at
		1 April				market value	31 March
		2022					2023
	Listed investments	346,687	36,236	(31,291)		(25,563)	326,069
	Cash	9,402					10,746
		356,089	36,236	(31,291)		(25,563)	336,815

Cash	at bank and in		hand				2023f	2022 5
Bank	deposit accounts						70,171	176,742
Bank	current accounts						14,040	11,328
Building sooety account							9,374	9,356
Cash	in hand						949	1,164
							94,534	198,590
Creditors: Amounts		falling due within one year
							2023	2022
						Notes	5	6
Trade	creditors						15,930	11,473
Other	taxes and social		security				15,760	14,280
Other	creditors						6,572	4,732
Accruals and deferred			income			14	41,792	46,436
							80,054	76,921
The average number		ofdays between		the receipt and payment	of purchase	invoices is 14(2022-14).
Deferred income
							2023	2022
							5	2
Residents fees in advance							5,233	4,432

alysis o	f net assets between funds
			2023
		General	Designated	Restricted	Total
		Funds	Funds	Funds	Funds
			6	6	5
Tangible	fixed assets	66,814	368,507	769,986	1,205,307
Current	assets	352,981	122,265		475,246
Current	liabilities	(80,054)			(80,054)
		339,741	490,772	769,985	1,600,499
			2022
		General	Designated	Restncted	Total
		Funds	Funds	Funds	Funds
		5	6
Tangible	fixed assets	75,081	365,093	799,774	1,239,948
Current	assets	455,479	121,733		577,212
Current	liabikties	(76,921)			(76,921)
		453,639	486,826	799,774	1,740,239

16.Members								2023	2022
								Number	Number
There is no authorised	share capital and the number ofmembers,				each of
whose liability is limited	to F1,at	the year end was:
No one person has overall control.
17. Nlovement in funds				Balance				Transfers,	Balance at
				at 1 April				Gains a	31 March
					2022 9	Income 5	Expendituref	Losses	2023 6
Unrestricted funds
Designated reserves
Swainson Bursary Fund			i)		36,733			532	37,265
Repairs reserve			ii)		85,000				85,000
Chantable capital expenditure		reserve	iii)		365,093			3,414	368,507
Total designated funds					486,826			3,946	490,772
General funds					453,639	999,874	(1,084,263)	(29,509)	339,741
Total unrestricted funds					940,465	999,874	(1,084,263)	(25,563)	830,513
Restricted funds
Fixed asset restricted	fund		iv)	799,774			(29,788)		769,986
Total restricted funds				799,774			(29,788)		769,986
					Balance			Transfers,	Balance at
				at 1 April				Gains 8	31 Iillarch
					2021	Income	Expenditure	Losses	2022
						f	5	F	5
Unrestricted funds
Designated reserves
Swainson Bursary Fund			i)		36,586			145	36,733
Repairs reserve			ii)		85,000				85,000
Charitable capital expenditure		reserve	iii)	370,933				(5,840)	365,093
Total designated funds				492,521				(5,695)	486,826
General funds				470,425		1,023,029	(1,050,565)	10,750	453,639
Total unrestricted funds				962,946		1,023,029	(1,050,565)	5,055	940,465
Restricted funds
Fixed asset restricted	fund		iv)	829,562			(29,768)		799,774
Total restricted funds				829,562			(29,788)		799,774

18.Financial	instruments			2023	2022
				E	f
Financial	assets
Fmancial	assets measured	at amortised	cost	113,412	198,590
Financial	assets at fair value through profit or loss			336,815	356,089
Financial	liabilities
Financial	liabilities measured	at amortised	cost	15,930	11,473
Financial	assets measured	at amortised	cost compnse:

	2023f	2022 f
Equipment
Within one year	16,042	12,960
Between two to five years	20,176	20,808
After more than five years	3,339
	39,557	33,768

At the balance sheet date the s	ociety has capital commitments amounting tofNil (2	022 - 6Nil).
Operating costs from lettings		2023f	2022
Special needs accommodation	-30 units (2022-30 units)
Sennces		971,281	958,463
Management		58,818	59,771
Routine maintenance		50,949	28,875
		1,081,048	1,047,109