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|||Page|
|---|---|---|
|Reference and Administrative<br>Details ofthe Charity,|its Trustees and Advisers||
|Trustees'<br>Report||2-19|
|Trustees'<br>Responsibilities<br>Statement||20|
|Independent<br>Auditors'<br>Report on the Financial Statements||21-24|
|Consolidated<br>Statement of Financial Activities||25|
|Consolidated<br>Balance Sheet||26|
|Charity Balance Sheet||27|
|Consolidated<br>Statement ofCash Flows||28|
|Notes to the Financial Statements||29-51|





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|Trustees|||C M Edwards||
|---|---|---|---|---|
||||SScott-Bryant||
||||A Janzen||
||||A Tapson||
||||H Wallwork||
||||J A H Moffat||
||||I N Hale||
||||T K Howard||
||||CJ Brant||
||||C A Karakusevic||
||||R E Banks (resigned|21 June 2023)|
||||H E Boyd||
|Company||registered|||
|number|||01561601||
|Charity registered|||||
|number|||282723||
|Registered||office|Rowcroft Hospice||
||||Ella's Garden||
||||Avenue Road||
||||Torquay||
||||Devon||
||||TQ2 5LS||
|Company|secretary||C Moores (appointed|30September 2022)|
|Chief executive officer|||M Hawkins||
|Independent||auditors|Bishop Fleming<br>LLP||
||||Chartered<br>Accountants||
||||2nd Floor Stratus House||
||||Emperor Way||
||||Exeter Business Park||
||||Exeter||
||||EX13QS||
|Bankers|||Nat West Bank PLC||
||||PO Box69||
||||Riviera House||
||||Nicholson<br>Road||
||||Torquay||
||||TQ2 7YL||





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|Risk||||||||||||||Ratin|Miti<br>ation|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Health<br>and||economic|||environment||||of the UK||||and|Medium|Holding<br>higher||levels<br>of|
|in the South||Devon||region||during|the|period||||following||Risk|reserves|||
|the<br>andemic||||||||||||||||||
|Inflationary||pressures|||and the||cost|of living impact||||||Medium|Holding<br>higher||levels<br>of|
|||||||||||||||Risk|reserves|||
|Increased||competition||||for<br>donations|||||potentially|||Medium|Investments|in<br>raising||
|reducing<br>income|||below||the|levels|required|||||||Risk|awareness,||financial|
||||||||||||||||re ortin<br>and benchmarkin|||
|Reputational||risk||from||events:||patient||||care|or|Medium|Comprehensive||training|
|operational|events|||such|as|a cyber-attack|||||or a health|||Risk|programmes,|policies<br>and||
|and safety|issue||||||||||||||procedures|and|continuous|
||||||||||||||||erformance|review||
|Staff attraction|||and retention.||||We|have|||an ageing|||Medium|We<br>provide<br>benefits<br>and|||
|workforce,|as does|||the|NHS. There|||is|a|shortage|||of|Risk|opportunities|to|remain<br>an|
|nursing<br>staff||across||the UK|||||||||||attractive|employer<br>to||
||||||||||||||||existing|and|potential|
||||||||||||||||employees.||Continuous|
||||||||||||||||improvement||in<br>our|
||||||||||||||||recruitment||marketing|
||||||||||||||||rocesses and materials|||
|Financial|risk;||investment|||of reserves||||in|a time||of|Low|investments|are|managed|
|high volatility||driven||by global economic|||||pressures|||||Risk|by<br>expert|advisors<br>and||
||||||||||||||||reviewed||regularly.|
||||||||||||||||Investment|brief|is to invest|
||||||||||||||||for lon<br>term|returns||





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||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2023|2023|2023|2022|
|||||Note|E||||
|Income from:|||||||||
|Donations<br>and legacies|||||492,002|2,855,550|3,347,552|4,527,767|
|Charitable<br>activities|||||967,537|1,460,474|2,428,011|2,452,005|
|Other trading<br>activities||||||3,962,500|3,962,500|3,399,679|
|Investments||||||234,297|234,297|151,246|
|Other income|||||29,788|142,014|171,802|99,310|
|Total income|||||1,489,327|8,654,835|10,144,162|10,630,007|
|Expenditure<br>on:|||||||||
|Raising funds||||9,10||3,799,840|3,799„840|3,394,550|
|Charitable<br>activities|||||1,454„572|4,998,264|6,452,836|5,932,437|
|Total expenditure|||||1,454,572|8,798,104|10,252,676|9,326,987|
|Net income/(expenditure)|||before net||||||
|(losses)/gains<br>on||investments|||34,755|(143,269)|(108,514)|1,303,020|
|Net (losses)/gains|on investments|||||(326,052)|(326,052)|226,305|
|Net movement<br>in|funds||||34,755|(469,321)|(434,566)|1,529,325|
|Reconciliation<br>of|funds:||||||||
|Total funds brought||forward|||460,684|16,724,953|17,185,637|15,656,312|
|Net movement<br>in funds|||||34,755|(469,321)|(434,566)|1,529,325|
|Total funds carried||forward|||495,439|16,255,632|16,751,071|17,185,637|





## 

|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note||f.|||
|Fixed assets|||||||
|Tangible assets||15||4,679,841||4,308,141|
|Investments||16||5,326,737||4,794,105|
|||||10,006,578||9,102,246|
|Current assets|||||||
|Stocks||17|301,325||254,066||
|Debtors||18|2,518,645||2,787,919||
|Investments||19|2,755,000||2,000,000||
|Cash at bank and in hand|||2,374„800||4,171,512||
||||7,949,770||9,213,497||
|Creditors: amounts|falling due within one||||||
|year||20|(1,205,277)||(1,130,106)||
|Net current assets||||6,744,493||8,083,391|
|Total assets less current liabilities||||16,751,071||17,185,637|
|Total net assets||||16,751,071||17,185,637|
|Charity funds|||||||
|Restricted funds||21||495,439||460,684|
|Unrestricted<br>funds||21||16,255,632||16,724,953|
|Total funds||||16,751,071||17,185,637|





## 

||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note||||E|
|Fixed assets||||||||
|Tangible assets|||15||4,679„841||4,308,141|
|Investments|||16||4,594,737||4,794,106|
||||||9,274,578||9,102,247|
|Current assets||||||||
|Stocks|||17|236,264||221,907||
|Debtors|||18|2,938,937||3,036,622||
|Investments|||19|2,755,000||2,000,000||
|Cash at bank and in hand||||2,239,946||3,629,358||
|||||8,170,147||8,887,887||
|Creditors: amounts|falling|due within one||||||
|year|||20|(1,187,494)||(1,368,917)||
|Net current assets|||||6,982,653||7,518,970|
|Total assets less current||liabilities|||16,257,231||16,621,217|
|Total net assets|||||16,257,231||16,621,217|
|Charity funds||||||||
|Restricted<br>funds|||21||495,439||460,684|
|Unrestricted<br>funds|||21||15,761,792||16,160,533|
|Total funds|||||16,257,231||16,621,217|






## 

## 

||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E||
|Cash flows from operating<br>activities|||||||
|Net cash||generated<br>by operating<br>activities|||277,191|2,089,126|
|Cash flows from investing<br>activities|||||||
|Dividends,||interests<br>and rents from investments|||234,297|151,246|
|Purchase||oftangible<br>fixed assets|||(694,517)|(563,405)|
|Proceeds||from sale of investments|||1,131,322|449,915|
|Purchase||of investments|||(1,990,005)|(501,205)|
|Net cash||used in investing<br>activities|||(1,31&,903)|(463,449)|
|Change|in cash and cash equivalents||in|the year|(1,041,712)|1,625,677|
|Cash and||cash equivalents<br>at the beginning||ofthe year|6,171,512|4,545,835|
|Cash and||cash equivalents<br>at the end|of|the year|5,129,800|6,171,512|
|The notes||on pages 29to 51 form part ofthese financial statements|||||





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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023<br>f|2023<br>f|2023f|2022f|
|Donations|233,345|701,938|935,283|909,862|
|Legacies||2,124,512|2,124,512|3,121,270|
|Grants|258,657|29,100|287,757|496,635|
|TOTAL 2023|492,002|2,855,550|3,347,552|4,527,767|
|TOTAL 2022|695,717|3,832,050|4,527,767||



|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023<br>f|2023<br>f|2023f|2022f|
|In-patient|unit||1,460,474|1,460,474|1,503,414|
|Community|team|379,144||379,144|370,258|
|Hospice at Home||483,776||483,776|472,438|
|Pharmacy||104,617||104,617|105,895|
|TOTAL 2023||967,537|1,460,474|2,428,011|2,452,005|
|TOTAL 2022||948,591|1,503,414|2,452,005||





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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023|2023|2022|
|||||||E|E|
||Lottery||||576,033|576,033|595,082|
||Fundraising|events|||919,478|919,478|867,532|
||Fundraising|trading (shops)|||2,279,068|2,279,068|1,836,926|
||TOTAL 2023||||3,774,579|3,774,579|3,299,540|
||TOTAL 2022||||3,299,540|3,299,540||
||Income from|non charitable|trading|activities||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2023|2023|2022|
|||||||E||
||Sales - Devon Farm Kitchen||||187,921|187,921|100,139|
|7.|INVESTMENT|INCOME||||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2023|2023|2022|
||||||E|E||
||Income from|local listed investments|||223,947|223,947|148,648|
||Bank interest||||10,350|10,350|2,598|
||TOTAL 2023||||234,297|234,297|151,246|
||TOTAL 2022||||151,246|151,246||





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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023<br>f.|2023<br>f|2023f|2022|
|Other income||29,788|142,014|171,802|97,593|
|Gain on disposal|ofassets||||1,717|
|TOTAL 2023||29,788|142,014|171,802|99,310|
|TOTAL 2022|||99,310|99,310||



## 

||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023f|2023<br>f.|2022|
|Investment|management|fees|26,785|26,785|24,664|
|TOTAL 2022|||24,664|24,664||





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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||F|F||
|Shop costs|315,227|315,227|288,252|
|Lottery costs|168,371|168,371|180,055|
|Event costs|858,344|858,344|768,388|
|Shops - wages and salaries|2,042,753|2,042,753|1,838,606|
|TOTAL 2023|3,384,695|3,384,695|3,075,301|
|TOTAL 2022|3,075,301|3,075,301||
|TRADING SUBSIDIARY EXPENSES - DEVON FARM KITCHEN||||



|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023f|2023<br>E|2022<br>F|
|Cost ofsales||99,557|99,557|45,659|
|Administration|expenses|129,845|129,845|127,101|
|Administration|staff costs|158,958|158,958|121,825|
|||388,360|388,360|294,585|
|TOTAL 2022||294,585|294,585||





## 

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|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2023<br>f.|2023f|2023<br>f.|2022<br>E|
|In-patient<br>unit||1,753,763|1,597,221|3,350,984|3,015,313|
|Community|team|1,403,228|254,748|1,657,976|1,578,223|
|Hospice at|Home|841,963|159,067|1,001,030|925,042|
|Education||122,342|97,111|219,453|206,398|
|Restricted|depreciation||84,392|84,392|82,620|
|Unrestricted|depreciation||99,019|99,019|91,202|
|Governance|costs||39,982|39,982|33,639|
|TOTAL 2023||4,121,296|2,331,540|6,452,&36|5,932,437|
|TOTAL 2022||3,865,442|2,066,995|5,932,437||



## 

|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f.||
|Fees payable|to the company's|||Auditor for the audit ofthe group's|||annual|||
|accounts||||||||25,100|20,350|
|Fees payable|to the charity's||Auditor|||in respect of:||||
|All non-audit|services|not included|||above|||1,250|6,350|





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## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023f|2022|2023f|2022|
|Wages and|salaries|||6,134,069|5,515,322|5,985,304|5,409,527|
|Social security costs||||517,871|448,801|517,871|439,823|
|Contribution|to defined|contribution|pension|||||
|schemes||||468,048|431,107|457,855|424,055|
|||||7,119,988|6,395,230|6,961,030|6,273,405|



|Group|Group|Charity|Charity|
|---|---|---|---|
|2023|2022|2023|2022|
|No.|No.|No.|No.|
|244|243|239|238|



||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||No.|No.|No.|No.|
|Medical,<br>nursing||and professional|79|75|79|75|
|Domestic and|maintenance||15|15|15|15|
|Administration|and fundraising||42|42|37|38|
|Charity shops|||41|38|41|38|
||||177|170|172|166|



|Group|Group|
|---|---|
|2023|2022|
|No.|No.|





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|||Long-term||||
|---|---|---|---|---|---|
||Freehold|leasehold|Motor|Fixtures and||
||property|property<br>f.|vehicles<br>E|fittings<br>F|Totalf|
|COST OR VALUATION||||||
|At 1 April 2022|8,169,491|820,689|149,710|1,698,395|10,838,285|
|Additions|473,525|58,117|31,190|131,685|694,517|
|Disposals||(3,099)||(7,215)|(10,314)|
|At 31 March 2023|8,643,016|875,707|180,900|1,822,865|11,522,488|
|DEPRECIATION||||||
|At 1 April 2022|4,317,554|634,131|93,365|1,485,094|6,530,144|
|Charge for the year|71,298|121,388|7,945|121,866|322,497|
|On disposals||(2,846)||(7,148)|(9,994)|
|At 31 March 2023|4,388,852|752,673|101,310|1,599,812|6,842,647|
|NET BOOK VALUE||||||
|At 31 March 2023|4,254,164|123,034|79,590|223,053|4,679,841|
|At 31 March 2022|3,851,937|186,558|56,345|213,301|4,308,141|





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|||||Listed|
|---|---|---|---|---|
|||||investments|
|GROUP||||E|
|COST OR VALUATION|||||
|At 1 April 2022||||4,794,105|
|Additions||||1,990,006|
|Disposals||||(1,131,322)|
|Revaluations||||(326,052)|
|AT 31 MARCH 2023||||5,326,737|
|NET BOOK VALUE|||||
|AT 31 MARCH 2023||||5,326,737|
|AT 31 MARCH 2022||||4,794,105|
||Investments||||
||in||||
||subsidiary||Listed||
|CHARITY|companies<br>f||investments<br>E|Total<br>E|
|COST OR VALUATION|||||
|At 1 April 2022||1|4,794,105|4,794,106|
|Additions|||1,261,132|1,261,132|
|Disposals|||(1,131,322)|(1,131,322)|
|Revaluations|||(329,179)|(329,179)|
|AT 31 MARCH 2023|1||4,594,736|4,594,737|
|NET BOOK VALUE|||||
|AT 31 MARCH 2023|1||4,594,736|4,594,73?|
|AT 31 MARCH 2022|1||4,794,105|4,794,106|





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|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||||F||
|Raw materials||and consumables||2,012|795|||
|Work<br>in progress|||(goods to be sold)|1,600|1,129|||
|Goods for resale||||297,713|252, 142|236,264|221,907|
|||||301,325|254,066|236,264|221,907|
|DEBTORS||||||||
|||||Group|Group|Charity|Charity|
|||||2023<br>E|2022<br>E|2023f|2022|
|Amounts<br>owed||by|group undertakings|||476,511|276,102|
|Other debtors||||331,673|335,520|327,752|333,288|
|Prepayments|and||accrued income|460,384|515,711|407,931|513,293|
|Tax recoverable||||81,322|80,102|81,477|57,353|
|Legacies receivable||||1,645,266|1,856,586|1,645,266|1,856,586|
|||||2,518,645|2,787,919|2,938,937|3,036,622|
|FIXED TERM DEPOSITS||||||||
|||||Group|Group|Charity|Charity|
|||||2023<br>F|2022<br>F|2023f|2022|
|Fixed term deposits||||2,755,000|2,000,000|2,755,000|2,000,000|



## 

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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||||F|F||
|Trade creditors|||340,937|422,499|321,472|411,449|
|Amounts|owed to group undertakings|||||250,000|
|Other taxation and social security|||118,962|159,983|118,962|159,983|
|Other creditors|||24,980||24,980||
|Accruals|and deferred|income|720,398|547,624|722,080|547,485|
||||1,205,277|1,130,106|1,187,494|1,368,917|





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||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Gains/|31 March|
|||April 2022|Income|Expenditure|in/out|(Losses)|2023|
||||||F|||
|UNRESTRICTED||||||||
|FUNDS||||||||
|DESIGNATED||||||||
|FUNDS||||||||
|Capital|fund|3,949,907||(238,425)|681,697||4,393,179|
|The Endowment||||||||
|Trust||758,866|138,831|(12,100)||3,127|888,724|
|The Strategic||||||||
|project|fund|410,752|||(410,752)|||
|||5,119,525|138,831|(250,525)|270,945|3,127|5,281,903|
|GENERAL||||||||
|FUNDS||||||||
|General|Funds|11,799,874|8,328,082|(8,159,219)|(270,945)|(329,179)|11,368,613|
|Trading|subsidiary|(194,446)|187,922|(388,360)|||(394,884)|
|||11,605,428|8,516,004|(8,547,579)|(270,945)|(329,179)|10,973,729|
|TOTAL||||||||
|UNRESTRICTED||||||||
|FUNDS||16,724,953|8,654,835|(8,798,104)||(326,052)|16,255,632|





## 

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||||||||Balance at|
|---|---|---|---|---|---|---|---|
||Balance at|1|||Transfers|Gains/|31 March|
||April 2022<br>f.||Income|Expenditure|in/out|(Losses)<br>E|2023<br>E|
|RESTRICTED||||||||
|FUNDS||||||||
|ln-patient||||||||
|improvements-||||||||
|capital|134,802|||(26,961)|||107,841|
|RBS||||||||
|improvements-||||||||
|capital|41,028|||(8,206)|||32,822|
|Garden access||||||||
|improvements-||||||||
|capital|79,816|||(12,885)|||66,931|
|Specified use||||||||
|donations-||||||||
|capital|102,588||20,338|(43,858)|||79,068|
|Specified use||||||||
|donations-||||||||
|revenue|102,450||382,993|(276,666)|||208,777|
|Education||||||||
|income-||||||||
|revenue|||29,791|(29,791)||||
|Hospice UK||||||||
|COVID Funding||||||||
|- revenue|||88,667|(88,667)||||
|Primary Care||||||||
|Trust Funding-||||||||
|revenue|||967,538|(967,53&)||||
||460,684||1,489,327|(1,454,572)|||495,439|
|TOTAL OF||||||||
|FUNDS|17,185,63?||10,144,162|(10,252,676)||(326,052)|16,751,071|





## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at|||Transfers|Gains/|31 March|
||1 April 2021|Income|Expenditure|in/out|(Losses)|2022|
||E||F|F||F|
|UNRESTRICTED|||||||
|FUNDS|||||||
|DESIGNATED|||||||
|FUNDS|||||||
|Capital fund|3,700,103||(230,484)|480,288||3,949,907|
|The Endowment|||||||
|Trust|502,648|10,194|(3,976)|250,000||758,866|
|The Strategic|||||||
|project fund|800,000|||(389,248)||410,752|
||5,002,751|10,194|(234,460)|341,040||5,119,525|
|GENERAL|||||||
|FUNDS|||||||
|General Funds|10,164,211|8,875,366|(7,124,968)|(341,040)|226,305|11,799,874|
|Trading|||||||
|subsidiary||100,139|(294,585)|||(194,446)|
||10,164,211|8,975,505|(7,419,553)|(341,040)|226,305|11,605,428|
|TOTAL|||||||
|UNRESTRICTED|||||||
|FUNDS|15,166,962|8,985,699|(7,654,013)||226,305|16,724,953|





## 

## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at|||Transfers|Gains/|31 March|
||1 April 2021|Income|Expenditure|in/out|(Losses)|2022|
|||E|F|E|||
|RESTRICTED|||||||
|FUNDS|||||||
|In-patient|||||||
|improvements-|||||||
|capital|161,762||(26,960)|||134,802|
|RBS|||||||
|improvements-|||||||
|capital|49,234||(8,206)|||41,028|
|Garden access|||||||
|improvements-|||||||
|capital|92,701||(12,885)|||79,816|
|NHS South|||||||
|Devon 8 Torbay|||||||
|Clinical|||||||
|Commissioning|||||||
|group||948,591|(948,591)||||
|Specified use|||||||
|donations-|||||||
|capital|56,035|18,480|(36,563)|64,636||102,588|
|Specified use|||||||
|donations-|||||||
|revenue|129,618|411,269|(373,801)|(64,636)||102,450|
|Education|||||||
|income-|||||||
|revenue||5,123|(5,123)||||
|Hospice UK|||||||
|COVID Funding|||||||
|- revenue||260,845|(260,845)||||
||489,350|1,644,308|(1,672,974)|||460,684|
|TOTAL OF|||||||
|FUNDS|15,656,312|10,630,007|(9,326,987)||226,305|17,185,637|





## 

## 

## 

## 



## 

## 

## 

## 

|||Restricted|Unrestricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023<br>f|2023<br>f|2023<br>f.|
|Tangible|fixed assets|286,662|4,393,179|4,679,841|
|Fixed asset investments|||5,326,737|5,326,737|
|Current|assets|208,777|7,740,993|7,949,770|
|Creditors due within one year|||(1,205,277)|(1,205,277)|
|TOTAL||495,439|16,255,632|16,751,071|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS -PRIOR YEAR|||||
|||Restricted|unrestricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||||E|
|Tangible|fixed assets|358,234|3,949,907|4,308,141|
|Fixed asset investments|||4,794,105|4,794,105|
|Current assets||102,450|9,111,047|9,213,497|
|Creditors|due within one year||(1,130,106)|(1,130,106)|
|TOTAL||460,684|16,724,953|17,185,637|



## 



## 

## 

## 

|||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023f|2022f|
||Net<br>income/expenditure||for|the|year|(as|per|Statement|of Financial|||
||Activities)|||||||||(434,566)|1,529,325|
||ADJUSTMENTS FOR:|||||||||||
||Depreciation<br>charges|||||||||322,497|306,516|
||Losses/(gains)<br>on investments|||||||||326,052|(226,305)|
||Dividends,<br>interests|and rents||from|investments|||||(234,297)|(151,246)|
||Loss on the disposal|offixed assets||||||||320|8,583|
||increase<br>in stocks|||||||||(47,259)|(104,073)|
||Decrease<br>in debtors|||||||||269,273|495,244|
||Increase<br>in creditors|||||||||75,171|231,082|
||NET CASH GENERATED||BY|OPERATING ACTIVITIES||||||277,191|2,089,126|
|24.|ANALYSIS OF CASH|AND CASH||EQUIVALENTS||||||||
|||||||||||Group|Group|
|||||||||||2023<br>f.|2022f|
||Cash at bank and<br>in|hand||||||||2,374,800|4,171,512|
||Notice deposits (less than 3months)|||||||||2,755,000|2,000,000|
||TOTAL CASH AND|CASH|EQUIVALENTS|||||||5,129,800|6,171,512|
|25.|ANALYSIS OF CHANGES<br>IN||CASH AND CASH EQUIVALENTS|||||||||
||||||||||At 1 April|At|31 March|
||||||||||2022<br>f.|Cash flows<br>f|2023<br>f|
||Cash at bank and<br>in hand||||||||4,171,512|(1,796,712)|2,374,800|
||Notice deposits (less|than 3months)|||||||2,000,000|755,000|2,755,000|
||||||||||6,171,512|(1,041,712)|5,129,800|



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## 

|The following|were subsidiary|undertaki|ngs<br>ofthe charity:|||||
|---|---|---|---|---|---|---|---|
|Names|||Company|Charity|Holding|Included|in|
||||number|registration||consolidation||
|||||number||||
|The Ella Rowcroft Endowment||Trust|CE019580|1186330|100%|Yes||
|Devon Farm|Kitchen Limited||12353512||100%|Yes||
|The financial|results ofthe subsidiaries||for the year were:|||||
|Names|||Income|Expenditure|Profit/(Loss)|Net|assets|
|||||E|/ Surplus/|||
||||||(Deficit) for|||
||||||the year|||
||||||E|||
|The Ella Rowcroft Endowment||Trust|138,831|(12,100)|129,858|888,724||
|Devon Farm|Kitchen Limited||187,922|(388,360)|(200,438)|(394,884)||