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