| 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 |