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2024-06-30-accounts
| Reference and Administrative Details |
|
| Governors' Report |
2t09 |
| IndependentAuditors' Report |
10t013 |
| Statement ofFinancial Activities |
14t015 |
| Balance Sheet |
16 |
| Statement ofCashFlows |
17 |
| Notes to the Financial Statements |
18 t028 |
| Governors |
M Currie |
|
|
L M Francis |
(resigned 31 December 2023) |
|
S M Laver |
(resigned 31 December 2023) |
|
D Ricketts-Tanner |
(appointed4 October2023) |
|
M Stabb |
|
|
L M Vaughan |
|
|
Mwear |
(appointed28 October2024) |
| Secretary |
J Bridal |
|
| Senior Management Team |
M Moore, Manager |
|
| Principal Office |
Blenheim Lodge |
|
|
North Road |
|
|
Minchcad |
|
|
Somerset |
|
|
TA24 5QW |
|
| Registered Office |
Blenheim Lodge |
|
|
North Road |
|
|
Minehead |
|
|
Somerset |
|
|
TA24 5QW |
|
|
The charitable company is incorporatedin England. |
|
| Company RegistrationNumber |
01375789 |
|
| Charitable company Registration |
276926 |
|
| Number |
|
|
| Solicitors |
Thome Segar |
|
|
3 Bancks Street |
|
|
Minehead |
|
|
Somerset |
|
|
TA24 5DE |
|
| Bankers |
National WestminsterBank Plc |
|
|
MineheadBranch |
|
|
9 The Parade |
|
|
Minchcad |
|
|
Somerset |
|
|
TA24SNL |
|
| Auditor |
A C Mole LLP |
|
|
Chartered Accountantsand StatutoryAuditors |
|
|
Stafford House |
|
|
Blackbrook Park Avcnuc |
|
|
Taunton |
|
|
Somerset |
|
|
TAI 2PX |
|
|
|
|
|
Total |
|
|
Unrestricted |
Restricted |
2024 |
|
Note |
|
|
|
| Income and Endowmentsfrom: |
|
|
|
|
| Donations and legacics |
3 |
50 |
|
50 |
| Charitable activities |
4 |
|
|
1,346,710 |
| Other trading activities |
5 |
|
|
|
| Investment income |
6 |
5,528 |
|
5,528 |
| Other income |
7 |
1,994 |
|
1,994 |
| Total Income |
|
1,354,282 |
|
1,354,282 |
| Expenditure on: |
|
|
|
|
| Raising funds |
|
(118) |
|
(118) |
| Charitableactivities |
8 |
|
(4,325) |
|
| Total Expenditure |
|
(1,318,138) |
(4,325) |
|
| Net income/(expenditure) before otherrecognised |
|
|
|
|
| gains and losses |
|
36,144 |
(4,325) |
31,819 |
| Other recognised gains andlosses |
|
|
|
|
| Gains/losses on investment assets |
|
25,506 |
|
25,506 |
| Net movement in funds |
|
61,650 |
(4,325) |
57,325 |
| Reconciliation offunds |
|
|
|
|
| Total funds brought forward |
|
579,662 |
5,660 |
585,322 |
| Total funds carried forward |
23 |
641.312 |
1,335 |
642,647 |
| Year ended30 June 2023(comparativefigur |
esforthe |
prior |
period) |
|
|
|
|
|
|
|
Total |
|
|
Unrestricted |
|
Restricted |
2023 |
|
Note |
|
|
|
|
| Income andEndowments from: |
|
|
|
|
|
| Donations and legacies |
3 |
|
1,636 |
|
I,636 |
| Charitable activities |
4 |
|
|
|
1,063,658 |
| Other trading activities |
5 |
|
66 |
|
66 |
| Investment income |
6 |
|
4,180 |
|
4,180 |
| Other income |
7 |
|
331 |
|
331 |
| Total Income |
|
1,069,871 |
|
|
|
| Expenditure on: |
|
|
|
|
|
| Raising funds |
|
|
(194) |
|
(194) |
| Charitableactivities |
8 |
|
|
(2,227) |
|
| Total Expenditure |
|
(l |
, 110,299) |
(2,227) |
|
| Net expenditure before otherrecognised gains and |
|
|
|
|
|
| losses |
|
|
(40,428) |
(2,227) |
(42,655) |
| Other recognised gains and losses |
|
|
|
|
|
| Gains/losses on investment assets |
|
|
(3,020) |
|
(3,020) |
| Net movement in funds |
|
|
(43,448) |
(2,227) |
(45,675) |
| Reconciliation offunds |
|
|
|
|
|
| Total funds brought forward |
|
|
623,110 |
7,887 |
630,997 |
| Total funds carried forward |
23 |
|
579,662 |
5,660 |
585,322 |
|
|
2024 |
2023 |
|
Note |
|
|
| Fixed assets |
|
|
|
| Tangibleassets |
16 |
310,117 |
308,452 |
| Invesm•tcnts |
17 |
373.993 |
344,664 |
|
|
684,110 |
653,116 |
| Current assets |
|
|
|
| Stocks |
18 |
5,000 |
5,000 |
| Debtors |
19 |
45,901 |
18,049 |
| Cash at bank and in hand |
20 |
52,899 |
45,713 |
|
|
103,800 |
68,762 |
| Creditors:Amounts falling due within one year |
21 |
(145,263) |
(136,556) |
| Net current liabilities |
|
(41 ,463) |
(67,794) |
| Net assets |
|
642,647 |
585,322 |
| Fundsof the charitablecompany: |
|
|
|
| Restricted income funds |
|
|
|
| Restricted firnds |
23 |
1,335 |
5.660 |
| Unrestrictedincome funds |
|
|
|
| Unrestricted funds |
|
641,312 |
579,662 |
| Total funds |
23 |
642,647 |
585,322 |
|
|
2024 |
2023 |
|
Note |
|
|
| Cash flows from operatingactivities |
|
|
|
Net incomc/(cxpcnditure)
for the reporting period (as per the |
|
|
|
statement offinancial
activities) |
|
57,325 |
(45,675) |
| Adjustments to cash flows from non-cash items |
|
|
|
| Depreciation |
|
23,567 |
20,621 |
| Investment income |
6 |
(5,528) |
(4,180) |
| Unrealiscd gains/losseson investment asscts |
|
(25,506) |
3,020 |
|
|
49,858 |
(26,214) |
| Working capital adjustments |
|
|
|
| (Increase) in stocks |
18 |
|
(1,000) |
| (Increase)/decrease in debtors |
19 |
(27,852) |
4,807 |
| Increase in creditors |
21 |
6,792 |
9,557 |
| Net cash flows from operating activities |
|
28,798 |
(12,850) |
| Cash flows frominvesting activities |
|
|
|
| Interestreceivable and similar income |
6 |
1,704 |
564 |
| Other income from fixed assetinvestments |
6 |
3,824 |
3,616 |
| Purchase oftangible fixed assets |
16 |
(25,232) |
(4,958) |
| Purchase ofinvestments |
17 |
(3,823) |
(3.616) |
| Net cash flows from investing activities |
|
(23,527) |
(4,394) |
| Cash flows from financing activities |
|
|
|
| Proceeds from/(repayment of) loans and borrowings |
21 |
1,915 |
(740) |
| Net increasc/(dccrcasc) in cash and cash cquivalents |
|
7,186 |
(17,984) |
Cash and cash equivalents at
I July |
|
45,713 |
63,697 |
| Cash and cash equivalents at 30 June |
|
52,899 |
45,713 |
| Assetclass and rate |
Depreciation method |
| Freehold buildings |
2% on relevant cost |
| Furniture equipment and apparatus |
12.5% on cost |
| Soft fumishings linens and utensils |
12.5% on cost |
|
|
Unrestricted |
|
|
|
|
funds |
Restricted |
Total |
|
|
General |
funds |
funds |
| Solar |
energy incentive income |
,994 |
|
1,994 |
| Total |
for 2024 |
1,994 |
|
1,994 |
| Total |
for 2023 |
331 |
|
331 |
|
Unrestricted |
|
|
|
|
funds |
Restricted |
Total |
Total |
|
General |
funds |
2024 |
2023 |
| Care salaries and NIC |
853,779 |
|
853,779 |
739,368 |
| Care agency staff |
2,483 |
|
2,483 |
|
| Management and officc salaries and NIC |
100,108 |
|
100,108 |
93,410 |
| Maintenance salaries and NIC |
7,667 |
|
7,667 |
7,116 |
| Employer pension contributions |
13.602 |
|
13,602 |
11,544 |
| Provisions |
52,581 |
|
52,581 |
44,075 |
| Establishment costs |
158.990 |
|
158,990 |
88,745 |
| Operating costs |
97,668 |
4,325 |
101,993 |
94,000 |
| Depreciation |
23.567 |
|
23,567 |
20,621 |
| Governancecosts (note 9) |
7,575 |
|
7,575 |
13,453 |
|
|
4,325 |
|
|
9
Analysis ofgovernance andsupport costs |
|
|
|
|
Unrestricted |
|
|
|
funds |
Total |
Total |
|
General |
2024 |
2023 |
| Audit fccs |
|
|
|
| Audit of thc financial statements |
5,400 |
5,400 |
7.800 |
| Independent examiner fees |
|
|
|
| Examination of thc financial statements |
|
|
|
| Other fees paid to examiners |
|
|
300 |
| Accountancy fees |
840 |
840 |
4,020 |
| Companies House fees |
13 |
13 |
13 |
| Governors and officers indemnityinsurance |
1,292 |
1,292 |
1,290 |
| Printing postage and stationery |
30 |
30 |
30 |
|
7,575 |
7,575 |
13,453 |
IO
Net incoming/outgoingresources |
|
|
| Net outgoing resources for theyear include: |
|
|
|
2024 |
2023 |
Operating Icascs
- plant and machinery |
20,237 |
18,300 |
| Audit fees |
5,400 |
7.800 |
| Depreciation offixed assets |
23 567 |
20 621 |
| Theaggregate payroll costs were as follows: |
|
|
|
2024 |
2023 |
Staff costs during theyear were:
Wagesand salaries |
905,707 |
794,214 |
| Socialsecurity costs |
55,847 |
45,680 |
| Pension costs |
13,602 |
1 1,544 |
|
975,156 |
851,438 |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
|
|
No |
No |
| Charitable |
activities; |
operation |
ofresidential |
care |
home |
49 |
46 |
|
2024 |
|
2023 |
| Examination of thc financial statements |
|
|
|
| Other fccs to examiners |
|
|
|
| All otherservices |
|
|
300 |
14
Auditor's remuneration |
|
|
|
|
2024 |
|
2023 |
| Audit of thc financial statements (sec notc 9) |
|
5 400 |
7800 |
|
|
Furniture |
Soft furnishings |
|
|
Freehold Land |
equipment & |
linens& |
|
|
andbuildings |
apparatus |
utensils |
Total |
| Cost |
|
|
|
|
| At 1 July 2023 |
442,320 |
324,577 |
8,365 |
775,262 |
| Additions |
|
25,232 |
|
25,232 |
| At 30 June 2024 |
442,320 |
349,809 |
8,365 |
800,494 |
| Depreciation |
|
|
|
|
At
July 2023 |
206,573 |
251,872 |
8,365 |
466,810 |
| Charge for the year |
6,347 |
17,220 |
|
23,567 |
| At 30 Junc 2024 |
212,920 |
269,092 |
8,365 |
490,377 |
| Net book value |
|
|
|
|
| At 30Junc2024 |
229,400 |
80.717 |
|
310,117 |
| At 30 June 2023 |
235,747 |
72,705 |
|
308,452 |
| Listed |
Cash |
orcash |
|
| investments |
equivalents |
|
Total |
| 344,387 |
|
277 |
344,664 |
| 25,506 |
|
|
25,506 |
| 3,819 |
|
4 |
3,823 |
| 373,712 |
|
281 |
373,993 |
| 373,712 |
|
281 |
373,993 |
| 344,387 |
|
277 |
344,664 |
|
2024 |
|
2023 |
|
|
5,000 |
5,000 |
|
2024 |
|
2023 |
|
28,063 |
|
13,495 |
|
|
3,308 |
2,805 |
|
14,530 |
|
1,749 |
|
45.901 |
|
18,049 |
| 2024 |
2023 |
| 12,760 |
591 |
| 38,742 |
43,673 |
| 1,397 |
|
| 52,899 |
45.713 |
21
Creditors: amountsfalling due within one year |
|
|
|
2024 |
2023 |
| Room fees paid in advance |
4,855 |
19,269 |
| Creditcard account |
4,584 |
2,669 |
| Trade creditors |
3,102 |
4,122 |
| Other taxation and social security |
19,428 |
3,145 |
| Accruals |
99,918 |
94,095 |
| Other creditors |
13,376 |
13,256 |
|
145,263 |
136,556 |
Operating lease commitments
Total futureminimum lease payments due under non-canccllable |
operating leases are as follows: |
|
|
2024 |
2023 |
| Withinoncyear |
21,291 |
19,599 |
| Between one and fiveyears |
76,882 |
76,371 |
| After fiveyears |
5,641 |
24,112 |
| Total futureminimum lease payments |
103,814 |
120,082 |
|
|
|
|
Other |
|
|
Balance at I |
Incoming |
Resources |
recognised |
Balance at |
|
July 2023 |
resources |
expended |
gains/Oosses) |
30 June 2024 |
| Unrestricted |
|
|
|
|
|
| General |
|
|
|
|
|
| Unrestrictedincome fund |
579,662 |
|
(1,318,138) |
25,506 |
641,312 |
| Restricted |
|
|
|
|
|
| Activities Fund |
5,660 |
|
(4,325) |
|
,335 |
| Total funds |
585,322 |
|
|
25,506 |
642.647 |
|
|
|
|
Other |
|
|
Balance at I |
Incoming |
Resources |
recognised |
Balance at |
|
July 2022 |
resources |
expended |
gains/(losses) |
30 June 2023 |
| Unrestricted |
|
|
|
|
|
| General |
|
|
|
|
|
| Unrestricted income fund |
623,110 |
1,069,871 |
|
(3,020) |
579,662 |
| Restricted |
|
|
|
|
|
| Activities Fund |
7,887 |
|
(2,227) |
|
5,660 |
| Total funds |
630,997 |
|
(1,112,526) |
(3,020) |
585,322 |
| At 30June 2024 |
|
|
|
|
Unrestricted |
|
Total funds at |
|
funds |
Restricted |
30 June |
|
General |
funds |
2024 |
| Tangiblefixed assets |
310,117 |
|
310,117 |
| Fixed asset investments |
373,993 |
|
373,993 |
| Current assets |
102,465 |
1,335 |
103,800 |
| Current liabilities |
(145,263) |
|
(145,263) |
| Total netassets |
641,312 |
1,335 |
642,647 |
| At30June 2023 |
|
|
|
| At30June 2023 |
|
|
|
|
Unrestricted |
|
Total funds at |
|
funds |
Restricted |
30 June |
|
General |
funds |
2023 |
| Tangible fixed assets |
308,452 |
|
308,452 |
| Fixed asset investments |
344,664 |
|
344,664 |
| Current assets |
63,102 |
5,660 |
68,762 |
| Current liabilities |
(136,556) |
|
(136,556) |
| Total net assets |
579,662 |
5,660 |
585,322 |
|
|
|
At 30 June |
|
At 1 July 2023 |
Cash flows |
2024 |
| Cash at bank and in hand |
45,713 |
7,186 |
52,899 |
| Net funds (debt) |
45,713 |
7,186 |
52,899 |