2022-05-31-accounts

Directors				Mr D M Cager	(Chairman)	(Chairman)
				Mr A RJesseman
				Mr Y P Maudgil		(Treasurer)
				Mr H J McBrien
				Mr CJ I Chugg
Secretary				Mr A R Jesseman
Charity number				267984
Company	number			01051354
Homes and		communities	agency number	H0062
Principal address				Winton House
				51/53 Dedworth		Road
				WINDSOR
				SL4 5AZ
Registered		office		Winton House
				51/53 Dedworth		Road
				WINDSOR
				SL4 5AZ
Auditor				Craufurd Hale	Audit Services Limited
				C/0 Craufurd	Hale Group
				Ground Floor,	Arena Court
				Crown I ane
				MAIDENHEAD
				SL6 8QZ
Bankers				Lloyds Bank Pic
				45 High Street
				MAIDENHEAD
				SL6 1JS
Investment		advisors		Charles Stanley		&Co. Limited
				55 Bishopsgate
				LONDON
				EC2N 3AS

		Page
Directors report		1-5
Statement of Directors	responsibilities
Independent auditor's	report	7-9
Statement of financial	activities	10
Balance sheet		11-12
Statement ofcash flows		13
Notes to the financial	statements	14-26

						Unrestricted	Restricted	Total	Total
						funds	funds
						2022	2022	2022	2021
					Notes	8			E
Income and endowme				from:
Donations and	legacies					(481)		(481)	3,451
Charitable activities					3	1,758,321		1,758,321	2,056,669
Investments					4	40,396		40,396	36,474
Social housing	grant amortisation					35,653		35,653	35,653
Coronavirus job retention control grants			scheme and infection			78,237		78,237	233,725
Total income						1,912,126		1,912,126	2,365,972
E~dlt
Charitable activities					5	3,083,584	1,400	3,084,984	2,941,228
Other					9	43,693		43,693
Total resources expended						3,127,277	1,400	3,128,677	2,941,228
Net gains/(losses)		on investments			10	300,285		300,285	395,010
Net movement	in	funds				(914,866)	(1,400)	(916,266)	(180,246)
Fund balances	at 1 June		2021			9,645,136	68,235	9,713,371	9,893,617
Fund balances	at	31 May		2022		8,730,270	66,835	8,797,105	9,713,371

				2022		2021
			Notes	6
Fixed assets
Tangible assets			12		5,731,993	5,926,961
Investments			13		3,542,268	3,726, 151
					9,274,261	9,653,112
Current assets
Debtors			15	85,165		159,850
Cash at bank and	in	hand		596,611		1,093,864
				681,776		1,253,714
Creditors: amounts		falling due within
one year			16	(191,930)		(190,800)
Net current assets					489,846	1,062,914
Total assets less	current liabilities				9,764, 107	10,716,026
Creditors: amounts		falling due after
more than one year			17		(967,002)	(1,002,655)
Net assets					8,797,105	9,713,371
income funds
Restricted funds
Specific donations	and legacies			27,635		27,635
Occupational therapy		unit		39,200		40,600
			19		66,835	68,235
Unrestricted funds
Designated funds:
Capital renewal fund				320,000		320,000
Contingency fund				250,000		250,000
			20	570,000		570,000
General unrestricted		funds		6,879,863		7,784,034
Revaluation reserve				1,280,407		1,291,102
					8,730,270	9,645,136
					8,797,105	9,713,371

				2022		2021
			Notes	6
Cash flows from operating	activities
Cash absorbed by operations			25		(958,731)		(452,118)
Investing activities
Purchase oftangible fixed assets				(63,085)		(41,170)
Other adjustments				2,953
Purchase of investments				(430,625)		(436,143)
Proceeds on disposal of investments				869,229		251,753
Dividends and interest received				40,396		36,474
Net cash generated from/(used investing activities		In)			418,868		(189,086)
Net decrease in cash and	cash	equivalents			(539,863)		(641,204)
Cash and cash equivalents	at beginning		ofyear		1,151,312		1,792,516
Cash and cash equivalents	at end of		year		611,449		1,151,312
Relating to:
Cash at bank and in hand					596,611		1,093,864
Short term deposits included	in investments				14,838		57,448

					Accommodation	Accommodation	Accommodation
					2022		2021
						6	5
Rent receivable ofvoids		and service	charge income gross		3,170,351		3,215,212
Void losses (being rental income lost as a result of
rooms not being		let, although	available	for letting)	(1,412,030)		(1,158,543)
					1,758,321		2,056,669
Average	number	ofbed spaces under		management	60
Investments
						Unrestncted	Total
						funds
						2022	2021
						8	f
Income	from investments					40,227	35,826
Interest	receivable					169	648
						40,396	36,474

Accommodation,	care	and companionship	for the elderly	2022	2021f
Staff costs				2,035,336	1,927,242
Depreciation and impairment				214,361	227,328
Insurance				41,464	37,550
Telephone				20,112	18,524
Agency staff				61,929	131,637
Food and provisions				115,169	112,939
Household sundries				62,953	46,079
Cleaning materials				38,617	43,885
Rates, water and waste				46,308	40,196
Heating and lighting				53,386	56,857
Minor equipment				19,510	18,710
Fixtures and fittings				845	2,964
CQC Levy				10,107	10,044
Drugs and medical	costs			98,119	76,186
Repairs and maintenance				130,417	87,161
Postage and stationery				4,156	4,071
Affiliation fees				15,360	18,332
Legal and professional		fees		76,079	42,959
Audit and accountancy		fees		9,110	9,850
Payroll fees				3,436	3,607
Other management	costs			818	3,064
Investment management		fees		24,395	22,043
				3,084,984	2,941,228
				3,084,984	2,941,228
Analysis by fund
Unrestricted funds				3,083,584	2,939,828
Restricted funds				1,400	1,400
				3,084,984	2,941,228

The average monthly number ofemployees d	uring the	year was:
				2022	2021
				Number	Number
General, central company
Nicholas House - Care, activity, housekeeping,	kitchen,	maintenance	and
management				43	45
Winton House - Care, activity, housekeeping,	kitchen,	maintenance	and
management				40	41
				90	90
Employment costs				2022	2021 f
Wages and salaries				1,836,571	1,743,617
Social security costs				151,709	138,972
Other pension costs				47,056	44,653
				2,035,336	1,927,242

The number ofempl	oyees whose annual remuneration was bet	ween f60,000 and f70,000was:
		2022	2021
		Number	Number
Other
		Unrestricted	Total
		funds
			f
		2022	2021
Net loss on disposal	oftangible fixed assets	43,693
		43,693

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6
Revaluation	of	investments	298,607	393,961
Gain/(loss)	on	sale of investments	1,678	1,049
			300,285	395,010

Tangible	fixed asset	s
			Freehold land	Leasehold	Fixtures and Motor	vehicles	Total
			and buildings	land and	fittings
				buildings
				6
Cost
At 1 June	2021		3,483,092	3,975,500	807,594	76,104	8,342,290
Additions			24,986		38,099		63,085
Disposals					(121,358)		(121,358)
At 31 May	2022		3,508,078	3,975,500	724,335	76,104	8,284,017
Depreciation and impairment
At1 June2021			656,831	1,274,781	454,272	29,444	2,415,328
Depreciation charged		in the year	70,162	75,798	60,891	7,510	214,361
Eliminated	in respect	ofdisposals			(77,665)		(77,665)
At 31 May	2022		726,993	1,350,579	437,498	36,954	2,552,024
Carrying	amount
At 31 May	2022		2,781,085	2,624,921	286,837	39,150	5,731,993
At 31 May	2021		2,826,261	2,700,719	353,321	46,660	5,926,961

In the opi	nion	ofth	e directors the market value of land	and buildings was:
				2022	2021
Freehold	and	long	leasehold
properties				10,000,000	10,000,000

Fixed asset investments
	Listed
	investments
Valuation
At 1 June 2021	3,726, 151
Additions	430,625
Valuation changes	296,144
Movement in cash balances	(42,611)
Other movements	(490)
Disposals	(867,551)
At 31 May 2022	3,542,268
Carrying amount
At 31 May 2022	3,542,268
At 31 May 2021	3,726,151
Made up of:
Listed investments	3,668,702
Cash balances	57,449
	3,726,151
Historic cost
At 1 June 2021	2,435,049
Additions	430,625
Movement in cash balances	(42,611)
Other movements	(491)
Disposals	(560,711)
At 31 May 2022	2,261,861

14	Financial instruments	Financial instruments	Financial instruments			2022	2021
						6	6
	Carrying amount	of	financial	assets
	Debt instruments	measured at		cost		32,249	114,461
	instruments measured		at fair value through		profit and loss	3,542,268	3,726,151
	Carrying amount	of	financial	liabilities
	Measured at cost					1,124,213	1,165,247
15	Debtors
						2022	2021
	Amounts falling	due	within one year:
	Trade debtors					32,189	114,401
	Other debtors					60	60
	Prepayments and	accrued income				52,916	45,389
						85,165	159,850
16	Creditors: amounts		falling due within one year
						2022	2021
						6	6
	Other taxation and social security					34,719	28,208
	Trade creditors					58,270	53,860
	Other creditors					6,690	16,010
	Accruals and deferred		income			92,251	92,722
						191,930	190,800

Creditors:	amo	unts falling due after more than one	year
			2022	2021
				E
Other creditors			967,002	1,002,655
Social Housing		Grants
			2022	2021
			E
Amounts	received		1,856,768	1,856,768
Amortisation
At 1 June	2021		854,113	818,460
Released	in the	year	35,653	35,653
At 31 May	2022		889,766	854,113
Carrying	value
At 31 May	2022		967,002	1,002,655

				Balance at	Resources	Balance at	Resources	Balance at
				1 June 2020f	expended E	1 June 2021 E	expended E	31 May 2022 E
Specific donations		and legacies		27,635		27,635		27,635
Occupational	therapy		unit	42,000	(1,400)	40,600	(1,400)	39,200
				69,635	(1,400)	68,235	(1,400)	66,835

						Movement		Movement
						in funds		in funds
					Balance at	Incoming	Balance at	incoming	Balance at
					1June 2020	resources	1 June 2021	resources	31 Mey 2022
					E	E	f	E	E
Capital renewal		fund			320,000		320,000		320,000
Contingency	fund				250,000		250,000		250,000
					570,000		570,000		570,000
Analysis of	net	assets	between	funds
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				2022 E	2022 E	2022 f	2021 f	2021 E	2021 E
Fund balances at 31
May 2022 are
represented	by:
Tangible assets			5,692,793		39,200	5,731,993	5,886,361	40,600	5,926,961
Investments			3,542,268			3,542,268	3,726,151		3,726,151
Current assets/(liabilities)			462,211		27,635	489,846	1,035,279	27,635	1,062,914
Long term liabilities			(967,002)			(967,002)	(1,002,655)		(1,002,655)
			8,730,270		66,835	8,797,105	9,645,136	68,235	9,713,371

		2022f	2021
Aggregate	compensation	253,315	232,624

25	Cash generated from operations	Cash generated from operations				2022	2021
						6	6
	Deficit for the year					(916,266)	(180,246)
	Adjustments for:
	Investment income recognised	in statement		of financial	activities	(40,396)	(36,474)
	Loss on disposal of tangible fixed assets					43,693
	Gain on disposal of investments					(1,678)	(1,049)
	Fair value gains and losses on	investments				(298,607)	(393,961)
	Depreciation and impairment of tangible		fixed assets			214,361	227,328
	Movements in working capital:
	Decrease/(increase) in debtors					74,685	(12,448)
	(Decrease) in creditors					(34,523)	(55,268)
	Cash absorbed by operations					(958,731)	(452,118)
26	Analysis ofchanges in net funds