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||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|
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||||||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|
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||||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|
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||||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|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|
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||||||||
|---|---|---|---|---|---|---|
|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|
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||||||||
|---|---|---|---|---|---|---|
|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|
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|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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|
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|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:|||
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||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|
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|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|
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