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