2022-12-31-accounts - Boarbank Hall Convalescent Home, Grange-Over-Sands

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			Page
Trustees' annual report
independent auditor's report to	the members
Statement offinancial activities			12
Statement offinancial position			13
Statement ofcash flows			14
Notes to the financial statements			15
The following pages do not form part of		the financial statements
Detailed statement offinancial	activities		31
Notes to the detailed statement	offinancial	activities	33

loyalty to the charity.	loyalty to the charity.	loyalty to the charity.				py
Reference and administrative			details
Registered	charity	name	Boarbank Hall
Charity registration		number	233499
Principal office			Canonesses of	StAugustine
			Convent ofOur	Lady ofLourdes
			Boarbank Hall
			Allithwaite
The trustees
			Sister Eileen Pollard
			Sister Elizabeth	Mary Veronica
			Connell
Auditor			Riverside Accountancy		Lancaster	Limited
			Chartered accountants		&statutory	auditor
			Second Floor, Riverside Offices
			26 St George's Quay
			Lancaster
			LA1 1RD
Bankers			National Westminster
			LA11 SDS
			Lloyds Bank Pic
			6The High Street
			Boscombe
			Dorset
			BH31 3RG

					2022		2021
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	E	E	E	E
Income and endowments
Donations and legacies			4	189,228	375	189,603	1,110,661
Charitable activities			5	1,923,339		1,923,339	1,510,062
Other trading activities			6	4,975		4,975	7,103
Investment income			7	37,904	5,935	43,839	26,104
Other income			8	6,046		6,046	40,889
Total income				2,161,492	6,310	2,167,802	2,694,819
Expenditure
Expenditure on charitable	activities		9,10	1,907,320	10,164	1,917,485	1,778,839
Total expenditure				1,907,320	10,164	1,917,485	1,778,839
Net gains on investments			12	213,666	(23,166)	190,500	522,099
Net income and net movement		in	funds	467,838	(27,020)	440,817	1,438,079
Reconciliation offunds
Total funds brought forward				4,248,949	248,607	4,497,556	3,059,478
Total funds carried forward				4,716,787	221,587	4,938,374	4,497,556

			2022	2021
		Note	E	F
Fixed assets
Tangible fixed assets		17	1,151,626	1,047,671
Investments		18	2,575,656	2,371,519
			3,727,282	3,419,190
Current assets
Stocks		19	1,700	1,700
Debtors		20	169,641	87,068
Investments		21	528,122	602,954
Cash at bank and in	hand		601,616	514,052
			1,301,079	1,205,774
Creditors: amounts	falling due within one year	23	89,988	127,407
Net current assets			1,211,091	1,078,367
Total assets less current liabilities			4,938,373	4,497,557
Net assets			4,938,373	4,497,557
Funds ofthe charity
Restricted funds			221,587	248,607
Unrestricted funds			4,716,787	4,248,949
Total charity funds		26	4,938,374	4,497,556

Year ended 31 Decemb	er 2022
				2022	2021
			Note	8	8
Cash flows from operating Net income	activities			440,817	1,438,079
Adjustments for.
Depreciation oftangible fixed assets				16,613	17,206
Government grant income				(5,953)	(86,748)
Net gains on investments				(190,500)	(522,099)
Dividends, interest and rents	from investments			(38,541)	(18,908)
Other interest receivable and	similar income			(5,298)	(7,196)
Interest payable and similar charges				1,434
Accrued expenses/(income)				14,061	(28,976)
Management Fees paid through Investment				5,292
Changes in:
Trade and other debtors				(80,835)	(28,173)
Trade and other creditors				(53,219)	54,105
Cash generated from operations				103,871	817,290
Interest paid				(1,434)
Interest received				5,298	7,196
Net cash from operating activities				107,735	824,486
Cash flows from investing	activities
Dividends, interest and rents	from investments			20,737	18,908
Purchase oftangible assets				(120,568)	(7,164)
Purchases ofother investments				(1,125)	(1,011,461)
Net cash used in investing activities				(100,956)	(999,717)
Cash flows from financing	activities
Government grant income				5,953	86,748
Net cash from financing activities				5,953	86,748
Net increase/(decrease) in	cash and cash	equivalents		12,732	(88,483)
Cash and cash equivalents	at beginning	ofyear		1,117,006	1,205,489
Cash and cash equivalents	at end ofyear		22	1,129,738	1,117,006

Donations	and le	gacies (conrrrruerr)
			Unrestricted	Restdcted	Total Funds
			Funds	Funds	2022
				F	6
Grants
Government	grant	income	5,953		5,953
			189,228	375	189,603
			Unrestricted	Restricted	Total Funds
			Funds 6	Funds F	2021 f
Donations
Donations			610,126	270,487	880,613
Legacies
Legacies			143,300		143,300
Grants
Government	grant	income	86,748		86,748
			840,174	270,487	1,110,661

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
				6
Nursing	Home	Fees for Residential
Care			1,837,405	1,837,405	1,465,872	1,465,872
Income	from Retreats		58,014	58,014	32,425	32,425
Convalescent		Guest Home fees	27,920	27,920	11,765	11,765
			1,923,339	1,923,339	1,510,062	1,510,062

Other	trading	activities
			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds 8		2022	Funds E		2021 f
Guest	House	Fees	4,975		4,975	7,103		7,103

7.	Investment i	ncome
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					F	E	E
	Rental income				20,617		20,617
	Income from	listed investments			11,989	5,935	17,924
	Bank interest	receivable			5,298		5,298
	Other interest	receivable
					37,904	5,935	43,839
					Unrestricted	Restricted	Total Funds
					Funds f	Funds E	2021 E
	Rental income				13,332		13,332
	Income from	listed investments			3,717	1,859	5,576
	Bank interest	receivable			7,080		7,080
	Other interest	receivable			116		116
					24,245	1,859	26,104
8.	Other income
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					E		E
	Sundry income				6,046		6,046
					Unrestricted	Restricted	Total Funds
					Funds E	Funds f	2021 F
	Sundry income				5,189	35,700	40,889
9.	Expenditure	on charitable	activities	by fund type
					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2022 E
	Charitable Activities				1,881,826	8,400	1,890,226
	Supportcosts				25,494	1,764	27,259
					1,907,320	10,164	1,917,485
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
					F
	Charitable Activities				1,743,657	8,400	1,752,057
	Support costs				26,366	417	26,782
					1,770,023	8,817	1,778,839

Expenditu	re	on charitable ac	tivities by activity typ	e
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2022	2021
			E		E.	E
Charitable	Activities		1,890,226		1,890,226	1,752,057
Governance		costs		27,259	27,259	26,782
			1,890,226	27,259	1,917,485	1,778,839

Net gains on		investments
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				F	E	E
Gains/(losses)		on listed investments		(128,331)	(23,166)	(151,497)
Gains/(losses)		on other investment	assets	341,997		341,997
				213,666	(23,166)	190,500
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				E	E	E
Gains/(losses)		on listed investments		(3,288)	(25,684)	(28,972)
Gains/(losses)		on other investment	assets	551,071		551,071
				547,783	(25,684)	522,099
Net income
Net income is		stated after charging/(crediting):
					2022	2021
					E	E
Depreciation	oftangible fixed assets				16,613	17,206
Operating lease rentals					21,530	15,824
Foreign exchange differences					(405)	801

Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2022	2021
			E	F
Wages and salaries			1,211,806	1,078,902
Social security costs			86,452	78,281
Employer contributions	to pension	plans	24,114	43,633
Other employee benefits			8,439	4,393
			1,330,811	1,205,209

offull-time	equivalent emp	loyees during the ye	ar is analysed as follows:
			2022	2021
			No.	No.
Full Time equivalents			45	42
The number	ofemployees	whose remuneration	for the year fell within the following	bands, were:
			2022	2021
			No.	No.
F80,000to	E89,999		1	1

During the year, neither trust Tangible fixed assets	ee received any	remuneration f	rom the char	ity.
	Freehold	Fixtures and	Motor
	property	fittings	vehicles	Equipment	Total
	E	E	F	E	E
Cost
At 1 January 2022	1,493,140	300,202	53,717	152,614	1,999,673
Additions	110,302	5,876		4,390	120,568
At 31 December 2022	1,603,442	306,078	53,717	157,004	2,120,241
Depreciation
At 1 January 2022	489,720	298,299	33,637	130,346	952,002
Charge for the year	11,932	628		4,053	16,613
At 31 December 2022	501,652	298,927	33,637	134,399	968,615
Carrying amount
At 31 December 2022	1,101,790	7,151	20,080	22,605	1,151,626
At 31 December 2021	1,003,420	1,903	20,080	22,268	1,047,671

Investments
	Investment	Other
	properties	investments	Total
	F		6
Cost or valuation
At 1 January 2022	1,023,617	1,347,902	2,371,519
Additions		18,930	18,930
Fair value movements	341,997	(151,497)	190,500
Other movements		(5,293)	(5,293)
At 31 December 2022	1,365,614	1,210,042	2,575,656
Impairment
At 1 January 2022 and 31 December 2022
Carrying amount
At 31 December 2022	1,365,614	1,210,042	2,575,656
At 31 December 2021	1,023,617	1,347,902	2,371,519

19.	Stocks
				2022	2021
				8	5
	Raw materials		and consumables	1,700	1,700
20.	Debtors
				2022 8	2021f
	Trade debtors			148,147	67,172
	Prepayments		and accrued income	7,966	6,228
	Other debtors			13,528	13,668
				169,641	87,068
21.	Investments
				2022	2021
				6	F
	Short-term	deposits		528,122	602,954

Cash and	cash equivalent	s
Cash and	cash equivalents	comprise the following:
			2022	2021
Cash at bank and in hand			601,616	514,052
Short-term	deposits		528,122	602,954
			1,129,738	1,117,006

Creditors: amounts	falling due within one year
		2022 f	2021 F
Trade creditors		16,379	45,437
Accruals and deferred	income	69,082	53,284
Social security and other taxes		4,527	28,686
		89,988	127,407

The amounts	recognised in the financi	al statements for governme	nt grants are as follo	ws:
			2022	2021
Recognised Government	in income from donations grants income	and legacies:	5,953	86,748

Analysis of	Analysis of	charita	ble funds
Unrestricted		funds
			At				Gains and	At
			1 Jan 2022	Income	Expenditure	Transfers	losses 31	Dec 2022
			E			F	F	F
General funds Community Fund			4,165,100 50,913	2,161,492	(1,907,320)		213,666	4,632,938 50,913
Property
Improvements			32,936					32,936
			4,248,949	2,161,492	(1,907,320)		213,666	4,716,787
			At				Gains and	At
			1 Jan 2021	Income	Expenditure	Transfers	losses 31	Dec 2021
				F	F	F	6
General	funds		2,974,667	2,386,773	(1,770,023)	25,900	547,783	4,165,100
Community		Fund	50,913					50,913
Property
Improvements			32,936					32,936
			3,058,516	2,386,773	(1,770,023)	25,900	547,783	4,248,949
Restricted funds
			At				Gains and	At
			1 Jan 2022	Income	Expenditure	Transfers	losses 31	Dec 2022
			F	F	F		E
Sister Anne		post
graduate	scheme		962					962
Sister Mary
Whelan	fund		247,645	6,310	(10,164)		(23,166)	220,625
			248,607	6,310	(10,164)		(23,166)	221,587
			At				Gains and	At
			1 Jan 2021 f	Income 6	Expenditure F	Transfers	losses 31 F	Dec 2021 6
Sister Anne		post
graduate	scheme		962					962
Sister Mary
Whelan	fund			308,046	(8,817)	(25,900)	(25,684)	247,645
			962	308,046	(8,817)	(25,900)	(25,684)	248,607

			At
	At 1 Jan 2022	Cash flows	31 Dec 2022
	8	6
Cash at bank and in hand	514,052	87,564	601,616
Current asset investments	602,954	(74,832)	528,122
	1,117,006	12,732	1,129,738

		2022	2021
Income and endowments
Donations and legacies
Donations		50,243	880,613
Legacies		133,407	143,300
Government grant income		5,953	86,748
		189,603	1,110,661
Charitable activities
Nursing Home Fees for Residential	Care	1,837,405	1,465,872
Income from Retreats		58,014	32,425
Convalescent Guest Home fees		27,920	11,765
		1,923,339	1,510,062
Other trading activities
Guest House Fees		4,975	7,103
Investment income
Rental income		20,617	13,332
Income from listed investments		17,924	5,576
Bank interest receivable		5,298	7,080
Other interest receivable			116
		43,839	26,104
Other income
Sundry income		6,046	40,889
Total income		2,167,802	2,694,819

						2022f	2021
Expenditure
Expenditure	on charitable			activities
Purchases						132,287	108,214
Wages and salaries						1,211,806	1,078,902
Employer's NIC						86,452	78,281
Pension costs						24,114	43,633
Other post-retirement		benefits				8,439	4,393
Operating leases						21,530	15,824
Rates and water						10,521	16,684
Light and heat						73,992	118,308
Repairs and maintenance						126,898	106,089
Insurance						28,029	33,342
Motor vehicle	expenses					11,864	10,779
Legal and professional			fees			26,230	24,746
Telephone						14,789	14,008
Other office costs						38,099	42,638
Depreciation						16,613	17,206
Other interest	payable		and similar charges			1,434
Foreign exchange gain/loss						(405)	801
Other Support	Costs					80,634	54,959
Gifts						4,159	2,832
Parkhouse							7,200
						1,917,485	1,778,839
Total expenditure						1,917,485	1,778,839
Net gains on	investments
Gains/(losses)	on listed		investments			(151,497)	(28,972)
Gains/(losses)	on other		investment		assets	341,997	551,071
						190,500	522,099
Net income						440,817	1,438,079

							2022	2021
							6
Expenditure on	charitable		activities
Charitable Activities
Activities undertaken		directly
Direct charitable	activity	1 -	purchases				132,287	108,214
Direct charitable	activity	1 -	wages/salaries				1,211,806	1,078,902
Direct charitable	activity	1 -	employer's		NIC		86,452	78,281
Direct charitable	activity	1 -	pension costs				24,114	43,633
Direct charitable	activity	1 -	other employee			benefits	8,439	4,393
Direct charitable	activity	1 -	operating	leases			21,530	15,824
Direct charitable	activity	1 -	rates &water				10,521	16,684
Direct charitable	activity	1 -	light 8 heat				73,992	118,308
Direct charitable	activity	1 -	repairs &maintenance				126,898	106,089
Direct charitable	activity	1 -	insurance				28,029	33,342
Direct chadtable	activity	1 -	motor vehicle expenses				11,864	10,779
Direct chadtable	activity	1 -	telephone				14,789	14,008
Direct charitable	activity	1 -	other office		costs		38,099	42,638
Direct charitable	activity	1 -	depreciation				16,613	17,206
Direct charitable	activity	1 -	Other Support Costs				80,634	53,724
Direct charitable	activity	1 -	Gifts				4,159	2,832
Direct charitable	activity	1 -	Parkhouse					7,200
							1,890,226	1,752,057
Governance costs
Governance costs - accountancy fees							9,492	9,603
Governance costs - audit fees							10,952	10,722
Governance costs - professional fees							5,786	4,421
Governance costs - other finance costs							1,434
Governance costs - foreign			exchange	gain/loss			(405)	801
Governance costs - bank charges								1,235
							27,259	26,782
Expenditure on	charitable		activities				1,917,485	1,778,839