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2023-05-31-accounts

Directors Mr D M Cager (Chairman) Mr D M Cager (Chairman)
Mr A RJesseman
Mr YP Maudgil (Treasurer)
Mr H J McBrien
Mr CJ I Chugg
Secretary MrAR 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 Dedworlh Road
WINDSOR
SL4 5AZ
Auditor Craufurd
Hale Audit Services Limited
C/0 Craufurd
Hale Group
Ground
Floor, Arena Court
Crown Lane
MAIDENHEAD
SL6BQZ
Bankers Lloyds Bank Pic
45 High Street
MAIDENHEAD
SL6 1JS
Investment advisors Charles Stanley &Co. Limited
55 Bishopsgate
LONDON
EC2N 3AS

Page
Directors report 1-4
Statement of Directors responsibilities
Independent
auditor's
report
Statement offinancial
activities
Balance sheet 10-11
Statement ofcash flows 12
Nates to the financial statements 13-27

The figures for this year an d last ar e:
2023 2022
Operating
(deficit) as a percentage		 ofincome (67) (63)
Overall occupancy rate 57 55
Lost income through voids as a percentage ofincome 43 45
Total staff costs as a percentage
of		 income 110 116
Food costs as a percentage ofincome 7 7

Unrestricted Restricted Total Total
funds funds
2023 2023 2023 2022
Notes 6
Income
n		 owments from'
Donations
and legacies		 836 5,000 5,836 (481)
Charitable
activities		 2,007,861 2,007,861 1,758,321
Other trading
activities		 50 50
Investments 42,931 42,931 40,396
Social housing
grant amortisation		 35,653 35,653 35,653
Coronavirus job retention scheme and infection
control grants 78,237
Total income 2,087,331 5,000 2,092,331 1,912,126
ExeaaditttcaJta;
Charitable
activities		 6 3,498,121 1,400 3,499,521 3,084,984
Other 10 43,693
Total resources expended 3,498,121 1,400 3,499,521 3,128,677
Net gains/(losses)
on investments		 11 136,325 136,325 300,285
Net movement in funds (1,274,465) 3,600 (1,270,865) (916,266)
Fund balances at 1 June 2022 8,730,270 66,835 8,797,105 9,713,371
Fund balances at 31 May 2023 7,455,805 70,435 7,526,240 8,797,105

2023 2022
Notes 6 6
Fixed assets
Tangible assets 13 5,642,263 5,731,993
Investments 14 2,949,764 3,542,268
8,592,027 9,274,261
Current assets
Debtors 16 102,396 85,165
Cash at bank and in hand 42,421 596,611
144,817 681,776
Creditors: amounts falling due within
one year (279,255) (191,930)
Net current (liabilities)/assets (134,438) 489,846
Total assets less current liabilities 8,457,589 9,764,107
Creditors: amounts falling due after
more than one year 18 (931,349) (967,002)
Net assets 7,526,240 8,797,105
Income funds
Restricted
funds
Specific donations and legacies 32,635 27,635
Occupational
therapy		 unit 37,800 39,200
20 70,435 66,835
~nr 8~ted funds
Designated
funds:
Capital renewal
fund		 320,000 320,000
Contingency
fund		 250,000 250,000
21 570,000 570,000
General unrestricted funds 5,996,858 6,879,863
Revaluation
reserve		 888,947 1,280,407
7,455,805 8,730,270
7,526,240 8,797,105

2023 2022
Notes 8
Cash flows from operating activities
Cash absorbed
by operations		 27 (1,202,962) (958,731)
Investing activities
Purchase oftangible
fixed assets		 (122,988) (63,085)
Other adjustments 3,846 2,953
Purchase
of investments		 (272,148) (430,625)
Proceeds on disposal of investments 1,006,240 869,229
Dividends
and interest received		 42,931 40,396
Net cash generated
from investing
activities 657,881 418,868
Net decrease
in cash and		 cash equivalents (545,081) (539,863)
Cash and cash equivalents at beginning ofyear 611,449 1,151,312
Cash and cash equivalents at end of year 66,368 611,449
Relating to:
Cash at bank and
in hand		 42,421 596,611
Short term deposits
included		 in investments 23,947 14,838

Accommodation Accommodation Accommodation
2023 2022
6 6
Rent receivable
and service		 charge income gross
ofvoids 3,514,877 3,170,351
Void losses (being rental income lost as a result of
rooms not being let, although available for letting) (1,507,016) (1,412,030)
2,007,861 1,758,321
Average number ofbed spaces under management 59 60
Other trading activities
Unrestricted Total
funds
2023 2022
6 6
Day care and visitor's fees 50

5 Investments
Unrestricted Total
funds
2023 2022
6
Income from investments 41,793 40,227
interest receivable 1,138 169
42,931 40,396

2023 2022
Accommodation, care and companionship for the elderly 8 6
Staffcosts 2,215,027 2,035,336
Depreciation
and impairment		 212,718 214,361
Insurance 43,844 41,464
Telephone 21,116 20,112
Agency staff 130,243 61,929
Food and provisions 141,060 115,169
Household
sundries		 86,951 62,953
Cleaning
materials		 44,772 38,617
Rates, water and waste 35,996 46,308
Heating
and lighting		 54,169 53,386
Minor equipment 46,833 19,510
Fixtums and fittings 24,657 845
CQC Levy 10,049 10,107
Drugs and medical costs 91,790 98,119
Repairs and maintenance 199,313 130,417
Postage and stationery 3,690 4,156
AI5liation fees 20,897 15,360
Legal and professional fees 61,893 76,079
Audit and accountancy fees 9,620 9,110
Payroll fees 3,148 3,436
Other management costs 465 818
Investment
management		 fees 21,733 24,395
Mobile care monitoring 8,042 2,421
Bank charges 320 576
Advertising 11,175
3,499,521 3,084,984
3,499,521 3,084,984
Analysis
by fund
Unrestricted
funds		 3,498,121 3,083,584
Restricted funds 1,400 1,400
3,499,521 3,084,984

2023 2022
Number Number
General,
central company
Nicholas House - Care, activity, housekeeping, kitchen, maintenance and
management 41
Winton House - Care, activity, housekeeping, kitchen, maintenance and
management 42 40
88 90
Employment
costs		 2023f 2022
5
Wages and salaries 1,993,752 1,836,571
Social security costs 170,393 151,709
Other pension costs 50,882 47,056
2,215,027 2,035,336
0,000was:
2023 2022
Number Number

Total Unrestricted
f funds
2023 2022
Net loss on disposal oftangible fixed assets 43,693
43,693

Unrestricted Unrestricted
funds funds
2023f 2022f
Revaluation of investments 64,145 298,607
Gain/(loss) on sale ofinvestments 72,180 1,678
136,325 300,285

Tangible fixed asset s
Freehold
land		 Leasehold Fixtures and Motor vehicles Total
and buildings land and fittings
buildingsf
Cost
At 1 June 2022 3,508,078 3,975,500 724,335 76,104 8,284,017
Additions 122,988 122,988
At 31 May 2023 3,508,078 3,975,500 847,323 76,104 8,407,005
Depreciation
and impairment
At1 June2022 726,993 1,350,579 437,498 36,954 2,552,024
Depreciation
charged		 in the year 70,162 75,797 59,049 7,710 212,718
At 31 May 2023 797,155 1,426,376 496,547 44,664 2,764,742
Carrying
amount
At 31 May 2023 2,710,923 2,549,124 350,776 31,440 5,642,263
At 31 May 2022 2,781,085 2,624,921 286,837 39,150 5,731,993
In the opinion ofthe directors the market value of land and buildings was:
2023f 2022f
Freehold and long leasehold
properties 10,000,000 10,000,000

Listed
investments
Valuation
At1 June2022 3,542,268
Additions 272,148
Valuation changes 64,126
Movement in cash balances 9,110
Other movements (3,828)
Disposals (934,060)
At 31 May 2023 2,949,764
Carrying amount
At 31 May 2023 2,949,764
At 31 May 2022 3,542,268
Made up of:
Listed investments 2,925,817
Cash balances 23,947
2,949,764
Historic cost
At1 June2022 2,261,861
Additions 272,148
Movement in cash balances 9,110
Other movements (3,828)
Disposals (478,474)
At 31 May 2023 2,060,817

15 Financial
instruments		 Financial
instruments		 Financial
instruments		 2023 2022
Carrying
amount		 of financial assets
Debt instruments measured
at cost		 102,396 85,165
Instruments
measured		 at fair value through profit and loss 2,949,764 3,542,268
Carrying
amount		 of financial
liabilities
Measured
at cost		 1,210,604 1,158,932
16 Debtors
2023 2022
Amounts
falling		 due within one year: 6 6
Trade debtors 25,088 32,189
Other debtors 1,235 60
Prepayments
and		 accrued income 76,073 52,916
102,396 85,165
17 Creditors: amounts falling due within one year
2023 2022
6 6
Other taxation end social secudity 38,551 34,719
Trade creditors 130,358 58,270
Other creditors 9,144 6,690
Accruals and deferred income 101,202 92,251
279,255 191,930

Creditors : amounts falling due after more than one year
2023 2022
8
Other creditors 931,349 967,002
Social Housing Grants
2023f 2022f
Amounts received 1,856,768 1,856,768
Amortisation
At 1 June 2022 889,766 854,113
Released in the year 35,653 35,653
At 31 May 2022 925,419 889,766
Carrying value
At 31 May 2023 931,349 967,002

Movement in funds
Balance at Resources Balance at Incoming Resources Balance at
1June 2021 expended 1June 2022 resources expended 31May 2023
Specific donations and
legacies 27,635 27,635 5,000 32,635
Occupational therapy unit 40,600 (1,400) 39,200 (1,400) 37,800
68,235 (1,400) 66,835 5,000 (1,400) 70,435

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming Balance at
1June 2021 resources 1June 2022 resources 31 May 2023
6 8
Capital renewal fund 320,000 320,000 320,000
Contingency fund 250,000 250,000 250,000
570,000 570,000 570,000

The Society uses D M Cager (Insurance The Society uses D M Cager (Insurance Brokers) Ltd, Brokers) Ltd, of which company of which company director director Mr D M Cager is a director
and shareholder,
to arrange
its business		 insurances. The business insurance fees are agreed on an arms
length basis.
27 Cash generated
from operations		 2023 2022
6 6
Deficit for the year (1,270,865) (916,266)
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (42,931) (40,396)
(Gain)/loss
on disposal oftangible		 fixed assets 43,693
Gain on disposal ofinvestments (72,180) (1,678)
Fair value gains and losses on investments (64,145) (298,607)
Depreciation
and impairment
oftangible		 fixed assets 212,718 214,361
Movements
in working
capital:
(Increase)/decrease
in debtors		 (17,231) 74,685
Increase/(decrease)
in creditors		 51,672 (34,523)
Cash absorbed
by operations		 (1,202,962) (958,731)
28 Analysis
ofchanges
in net funds