##
|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|
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|||||||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|
##
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##
||||||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|||||||