2023-10-31-accounts

COMPANY REGISTRATION NUMBER: 01302478 CHARITY REGISTRATION NUMBER: 0273424

The Warrington Homes Limited Company Limited by Guarantee

Financial Statements

31 October 2023

HAINES WATTS

Chartered accountants & statutory auditor Old Station House Station Approach Newport Street Swindon Wiltshire SN1 3DU

The Warrington Homes Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2023

	Page
Trustees' annual report (incorporating the director's report)	1
Independent auditor's report to the members	6
Statement of financial activities (including income and
expenditure account)	10
Statement of financial position	11
Statement of cash flows	12
Notes to the financial statements	13
The following pages do not form part of the financial statements
Detailed statement of financial activities	22
Notes to the detailed statement of financial activities	23

The Warrington Homes Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 October 2023

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 October 2023.

Report of the Chairman

The trustees are to continue undertaking the development of the Claremont and Warrington Lodge establishments to provide enhanced care facilities.

Reference and administrative details

Registered charity name The Warrington Homes Limited Charity registration number 0273424 Company registration number 01302478 Principal office and registered The Warrington Homes Limited office The Linleys Corsham Wiltshire SN13 9PD

The trustees

Mrs G Stafford Dr N J R Davis Ms C Reid Mr M N Canty (Chairman) Mr P Sexton Mrs R Park (Appointed 2 March 2023) Dr S J Burrell Company secretary Mrs J Welsh (Homes Director) (Appointed 28 July 2023) Mr R Mauldon (Homes Director) (Resigned 28 July 2023) Auditor Haines Watts Chartered accountants & statutory auditor Old Station House Station Approach Newport Street Swindon Wiltshire SN1 3DU

- 1 -

The Warrington Homes Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2023

Structure, governance and management

The trustees meet regularly or are advised on and able to discuss and determine overall policy and capital expenditure decisions. The day to day operation of the establishments provided by the charitable company is the responsibility of the homes director (Mrs Janet Welsh) and the individual registered manager. The manager reports to the homes director who reports directly to the trustees. The remuneration of those responsible for the day to day operation of the charitable company is set by reference to market rates. Smaller working groups which report directly to the trustees and may utilise the services of an independent expert are formed as necessary.

Trustees

The responsibility for the recruitment and appointment of new trustees is delegated by the members to the existing trustees. The appointment of new trustees, their induction and the training provided, is on the basis of being deemed necessary to enable such an appointed person to be able to fulfil their role.

Objectives and activities

The main objectives and activities of the charitable company continue to be the provision and maintenance of housing accommodation and any associated amenities for the benefit of elderly persons, the elderly mentally infirm and the care of such persons resident at homes or establishments provided by the charitable company.

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Our short term aim is to ensure we generate sufficient funds to maintain the best possible care for our residents and meet the day to day running costs of the business.

Our long term objective is to maintain and improve both homes to ensure they meet or exceed current and anticipated future standards and to expand the facilities at the site.

Bursaries

In fulfilment of the charitable objects of the company bursaries were granted during the year, to residents in necessitous circumstances totalling £8,891 (2022 - £16,422)

Achievements and performance

During the year, and despite the remaining impact of Coronavirus, the charity continued to provide a high level of service to all its residents and received good feedback from both CQC & families. The Homes management also transitioned successfully to a new team following the retirement of the previous Homes Director after many long years of service.

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The Warrington Homes Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2023

Financial review

The net surplus for the year amounted to £217,814 (2022 - £456,965). The trustees recommend that this be transferred to the general fund.

Principle Risks and Uncertainties

The trustees have reviewed the risks associated with the charitable company. They have concluded that all material risks have been addressed and that all practicable steps have been taken to minimise the effects of those risks.

The key risks and uncertainties are regarded as compliance with legislation relevant to the company and the occupancy of sufficient rooms to ensure fixed costs are fully covered.

Impairment Review

The trustees have reviewed the values at which the fixed assets are included in the accounts. They have no reason to believe the assets not to be worth their current value in the accounts.

Land and buildings

The premises from which the company operates is included at historic cost. The last formal valuation was carried out on 16 February 2016. The market valuation was £2,030,000 for the Claremont site and £1,550,000 for the Warrington Lodge site on the basis of the charitable company continuing as a going concern.

Replacement and Renewal of Equipment

During the year both homes continued to replace and renew old equipment, the expenses of which have been charged to the Income and Expenditure account in full.

Reserves

The trustees' policy is to produce sufficient surplus of unrestricted funds each year to adequately maintain and replace its fixed assets and to improve continually the facilities provided to its residents. At the year end reserves amounted to £6,066,210 (2022 - £5,848,396).

Free reserves at the year end (unrestricted reserves not represented by fixed assets) amounted to £3,669,836 (2022 - £3,425,697)

Work started with the engagement of building specialists to prepare for major refurbishment works at Claremont to renovate and modernise the building. Major building works are expected to start in 2024

Future Plans

In the short to medium term, focus will be on successfully completing the Claremont refurbishments. Once complete and dependant on availability of funds and demand, consideration will be given to extending the existing dementia home

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The Warrington Homes Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2023

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

• so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and

• they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

The Auditors, Haines Watts, Chartered Accountants, will be proposed for re-appointment in accordance with Section 487(2) of the Companies Act 2006.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

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The Warrington Homes Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2023

The trustees' annual report was approved on 21 March 2024 and signed on behalf of the board of trustees by:

Mrs J Welsh (Homes Director) Charity Secretary

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The Warrington Homes Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of The Warrington Homes Limited

Year ended 31 October 2023

Opinion

We have audited the financial statements of The Warrington Homes Limited (the 'charity') for the year ended 31 October 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31 October 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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The Warrington Homes Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of The Warrington Homes

Limited (continued)

Year ended 31 October 2023

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

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The Warrington Homes Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of The Warrington Homes

Limited (continued)

Year ended 31 October 2023

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

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The Warrington Homes Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of The Warrington Homes

Limited (continued)

Year ended 31 October 2023

· Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Susan Plumb ACA (Senior Statutory Auditor)

For and on behalf of Haines Watts Chartered Accountant & Statutory Auditor Old Station House Station Approach Newport Street Swindon Wiltshire SN1 3DU

4 June 2024

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The Warrington Homes Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 October 2023

		2023	2023	2022
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Charitable activities	5	2,495,885	2,495,885	2,370,762
Investment income	6	20,260	20,260	11,231
Other income	7	–	–	34,371
		-----------------------------------------	-----------------------------------------	-----------------------------------------
Total income		2,516,145	2,516,145	2,416,364
		=========================================	=========================================	=========================================
Expenditure
Expenditure on charitable activities	8	2,270,809	2,270,809	1,889,992
		-----------------------------------------	-----------------------------------------	-----------------------------------------
Total expenditure		2,270,809	2,270,809	1,889,992
		=========================================	=========================================	=========================================
Net losses on investments	9	27,522	27,522	69,407
		-----------------------------------------	-----------------------------------------	-----------------------------------------
Net income and net movement in funds		217,814	217,814	456,965
		=========================================	=========================================	=========================================
Reconciliation of funds
Total funds brought forward		5,848,396	5,848,396	5,391,431
		-----------------------------------------	-----------------------------------------	-----------------------------------------
Total funds carried forward		6,066,210	6,066,210	5,848,396
		=========================================	=========================================	=========================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 13 to 20 form part of these financial statements.

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The Warrington Homes Limited

Company Limited by Guarantee

Statement of Financial Position

31 October 2023

		2023		2022
	Note	£	£	£	£
Fixed assets
Tangible fixed assets	14		2,396,374		2,422,699
Investments	15		821,265		848,787
			-----------------------------------------		-----------------------------------------
			3,217,639		3,271,486
Current assets
Debtors	16	43,995		–
Cash at bank and in hand		2,847,385		2,605,981
		-----------------------------------------		-----------------------------------------
		2,891,380		2,605,981
Creditors: amounts falling due
within one year	17	42,809		29,071
		-----------------------------------------		-----------------------------------------
Net current assets			2,848,571		2,576,910
			-----------------------------------------		-----------------------------------------
Total assets less current liabilities			6,066,210		5,848,396
			-----------------------------------------		-----------------------------------------
Net assets			6,066,210		5,848,396
			=========================================		=========================================
Funds of the charity
Unrestricted funds			6,066,210		5,848,396
			-----------------------------------------		-----------------------------------------
Total charity funds	18		6,066,210		5,848,396
			=========================================		=========================================

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 21 March 2024, and are signed on behalf of the board by:

Mr M N Canty (Chairman) Trustee

The notes on pages 13 to 20 form part of these financial statements.

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The Warrington Homes Limited

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 October 2023

	2023	2022
	£	£
Cash flows from operating activities
Net income	217,814	456,965
Adjustments for:
Depreciation of tangible fixed assets	26,325	26,325
Net losses on investments	27,522	69,407
Other interest receivable and similar income	(20,260)	(11,231)
Accrued income	(2,021)	(5,738)
Changes in:
Trade and other debtors	(43,995)	–
Trade and other creditors	15,759	(1,655)
	--------------------------------	--------------------------------
Cash generated from operations	221,144	534,073
Interest received	20,260	11,231
	--------------------------------	--------------------------------
Net cash from operating activities	241,404	545,304
	================================	================================
Cash flows from investing activities
Purchases of other investments	–	(150,000)
	--------------------------------	--------------------------------
Net cash used in investing activities	–	(150,000)
	================================	================================
Net increase in cash and cash equivalents	241,404	395,304
Cash and cash equivalents at beginning of year	2,605,981	2,210,677
	-----------------------------------------	-----------------------------------------
Cash and cash equivalents at end of year	2,847,385	2,605,981
	=========================================	=========================================

The notes on pages 13 to 20 form part of these financial statements.

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The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Warrington Homes Limited, The Linleys, Corsham, Wiltshire, SN13 9PD.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. The Charitable Company currently has no designated funds.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.The Charitable Company currently has no restricted funds.

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The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Warrington Lodge - 1% per annum - straight line Claremont - 1% per annum - straight line Furniture, Fittings & - 8 year - straight line Equipment

Debtors and Creditors

Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

4. Limited by guarantee

The Charity is a company limited by guarantee. In the event of the charity being wound up, the members are liable under the guarantee subject to a limit of £1 per member.

5. Charitable activities

	2023	2022
	£	£
Residents Rents Chargeable	2,504,776	2,387,184
Less: Bursaries	(8,891)	(16,422)
	-----------------------------------------	-----------------------------------------
Total Income from charitable activities	2,495,885	2,370,762

6. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Other interest receivable	20,260	20,260	11,231	11,231
	============================	============================	============================	============================

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The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

7. Other income

		Restricted	Total Funds	Restricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Grants received (Coronavirus)	–	–	34,371	34,371
		==============	==============	============================	============================
8.	Expenditure on charitable activities
				2023	2022
				£	£
	Staff Costs			1,532,068	1,401,062
	Other Direct Charitable Expenses			392,200	252,659
	Administration & Office Costs			56,062	50,049
	Depreciation			26,325	26,325
	Governance Costs (as detailed below)			17,910	15,316
				-----------------------------------------	-----------------------------------------
	Total costs of charitable activities			2,024,565	1,745,411
				=========================================	=========================================
	Governance Costs
				2023	2022
				£	£
	Sundries			4,185	3,483
	Bank Charges			871	1,266
	Audit Fee			2,700	2,690
	Accountancy Fee			10,154	7,877
				----------------------------	----------------------------
	Total Governance Costs			17,910	15,316
				============================	============================

9. Net losses on investments

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Gains/(losses) on other investment
	assets	(27,522)	(27,522)	(69,407)	(69,407)
		============================	============================	============================	============================
10.	Net income
	Net income is stated after charging/(crediting):
				2023	2022
				£	£
	Depreciation of tangible fixed assets			26,325	26,325
				============================	============================

- 16 -

The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

11. Auditors remuneration

Fees payable for the audit of the financial statements

2023	2022
£	£
2,700	2,690
=======================	=======================

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as	The total staff costs and employee benefits for the reporting period are analysed as	follows:
	2023	2022
	£	£
Wages and salaries	1,532,068	1,401,062
Social security costs	118,925	111,178
Employer contributions to pension plans	34,965	33,403
	-----------------------------------------	-----------------------------------------
	1,685,958	1,545,643
	=========================================	=========================================

The charitable company operates a contributory pension scheme. It is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year was £34,965 (2022 - £33,403) which includes £9,868 (2022 - £8,808) paid in respect of employees earning more than £60,000.

The average head count of employees during the year was 89 (2022: 80). The average number of full-time equivalent employees during the year is analysed as follows:

	2023	2022
	No.	No.
Number of staff - Claremont	49	43
Number of staff - Warrington Lodge	40	37
	--------------	--------------
	89	80
	==============	==============

The number of employees whose remuneration for the year fell within the following bands, were:

		2023	2022
		No.	No.
£60,000	to £69,999	1	1
£70,000	to £79,999	1	–
£80,000	to £89,999	–	1
		--------------	--------------
		2	2
		==============	==============

The total amount of remuneration received by key management personnel is £187,800 (2022 - £183,641). The charity considers its key management personnel to be the Homes Director and Registered Manager.

13. Trustee remuneration and expenses

No amounts were paid directly to or by way of non monetary benefits to trustees including reimbursed expenses and pension contributions on their behalf.

- 17 -

The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

14. Tangible fixed assets

				Furniture,
		Warrington		Fittings &
		Lodge	Claremont	Equipment	Total
		£	£	£	£
	Cost
	At 1 November 2022 and
	31 October 2023	1,554,178	1,078,273	180,868	2,813,319
		=========================================	=========================================	================================	=========================================
	Depreciation
	At 1 November 2022	124,336	85,416	180,868	390,620
	Charge for the year	15,542	10,783	–	26,325
		-----------------------------------------	-----------------------------------------	--------------------------------	-----------------------------------------
	At 31 October 2023	139,878	96,199	180,868	416,945
		=========================================	=========================================	================================	=========================================
	Carrying amount
	At 31 October 2023	1,414,300	982,074	–	2,396,374
		=========================================	=========================================	================================	=========================================
	At 31 October 2022	1,429,842	992,857	–	2,422,699
		=========================================	=========================================	================================	=========================================
15.	Investments
					Other
					investments
					£
	Cost or valuation
	At 1 November 2022				848,787
	Fair value movements				(27,522)
					--------------------------------
	At 31 October 2023				821,265
					================================
	Carrying amount
	At 31 October 2023				821,265
					================================
	At 31 October 2022				848,787
					================================
	All investments shown above are held at valuation.

16. Debtors

	2023	2022
	£	£
Trade debtors	43,995	–
	============================	==============

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The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

17. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	23,189	7,430
Accruals and deferred income	8,832	10,853
Other creditors	10,788	10,788
	----------------------------	----------------------------
	42,809	29,071
	============================	============================

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At				At
1	November			Gains and	31 October
	2022	Income	Expenditure	losses	2023
	£	£	£	£	£
General funds	5,848,396	2,516,145	(2,270,809)	(27,522)	6,066,210
	=========================================	=========================================	=========================================	============================	=========================================
	At				At
1	November			Gains and	31 October
	2021	Income	Expenditure	losses	2022
	£	£	£	£	£
General funds	5,391,431	2,381,993	(1,855,621)	(69,407)	5,848,396
	=========================================	=========================================	=========================================	============================	=========================================
Analysis of net assets between funds
				Unrestricted	Total Funds
				Funds	2023
				£	£
Investments				821,265	821,265
Tangible fixed assets				2,396,374	2,396,374
Cash at Bank & In Hand				2,847,385	2,847,385
Current assets				43,995	43,995
Creditors less than 1 year				(42,809)	(42,809)
				-----------------------------------------	-----------------------------------------
Net assets				6,066,210	6,066,210
				=========================================	=========================================
				Unrestricted	Total Funds
				Funds	2022
				£	£
Investments				848,787	848,787
Tangible fixed assets				2,422,699	2,422,699
Cash at Bank & In Hand				2,605,981	2,605,981
Current assets				–	–
Creditors less than 1 year				(29,071)	(29,071)
				-----------------------------------------	-----------------------------------------
Net assets				5,848,396	5,848,396
				=========================================	=========================================

19. Analysis of net assets between funds

- 19 -

The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2023

20. Transactions with trustees

There have been no material transactions during the year or preceding year with a trustee of the charitable company or person connected to a trustee of the charitable company which require disclosure under the statement of recommended practice accounting by charities, or under the provisions of the Financial Reporting Standards.

- 20 -

The Warrington Homes Limited

Company Limited by Guarantee

Management Information Year ended 31 October 2023

The following pages do not form part of the financial statements.

- 21 -

The Warrington Homes Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 October 2023

	2023	2022
	£	£
Income and endowments
Charitable activities
Residents Rents Chargeable	2,504,776	2,387,184
Less: Bursaries	(8,891)	(16,422)
	-----------------------------------------	-----------------------------------------
	2,495,885	2,370,762
	-----------------------------------------	-----------------------------------------
Investment income
Other interest receivable	20,260	11,231
	----------------------------	----------------------------
Other income
Grants received (Coronavirus)	–	34,371
	--------------	----------------------------
	-----------------------------------------	-----------------------------------------
Total income	2,516,145	2,416,364
	=========================================	=========================================
Expenditure
Expenditure on charitable activities
Wages and salaries	1,532,068	1,401,062
Employer's NIC	118,925	111,178
Pension costs	34,965	33,403
Claremont refurbishment project	92,354	–
Direct charitable activity	392,200	252,659
Legal and professional fees	12,854	10,567
Administration and office costs	56,062	50,049
Depreciation	26,325	26,325
Sundries	4,185	3,483
Bank charges	871	1,266
	-----------------------------------------	-----------------------------------------
	2,270,809	1,889,992
	-----------------------------------------	-----------------------------------------
	-----------------------------------------	-----------------------------------------
Total expenditure	2,270,809	1,889,992
	=========================================	=========================================
Net losses on investments
Gains/(losses) on other investment assets	(27,522)	(69,407)
	-----------------------------------------	-----------------------------------------
	--------------------------------	--------------------------------
Net income	217,814	456,965
	================================	================================

- 22 -

The Warrington Homes Limited

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 October 2023

	2023	2022
	£	£
Expenditure on charitable activities
Activities undertaken directly
Staff costs	1,532,068	1,401,062
Employers NIC	118,925	111,178
Pension costs	34,965	33,403
Claremont refurbishment project	92,354	–
Direct charitable activity	392,200	252,659
	-----------------------------------------	-----------------------------------------
	2,170,512	1,798,302
	-----------------------------------------	-----------------------------------------
Support costs
Administration & Office costs	56,062	50,049
Depreciation	26,325	26,325
	----------------------------	----------------------------
	82,387	76,374
	----------------------------	----------------------------
Governance costs
Accountancy fees	10,154	7,877
Audit fees	2,700	2,690
Sundries	4,185	3,483
Bank Charges	871	1,266
	----------------------------	----------------------------
	17,910	15,316
	----------------------------	----------------------------
	-----------------------------------------	-----------------------------------------
Expenditure on charitable activities	2,270,809	1,889,992
	=========================================	=========================================

- 23 -