2023-03-31-accounts - Mission Care

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Contents	Contents	Contents	Contents	Page
Reference and Administrative Information
Board Report				1-7
Independent	Auditor's	Report		8-10
Consolidated	Statement of Financial		Activities	11
Statement of	Financial	Activities		12
Consolidated	Balance	Sheet		13
Charity Balance Sheet				14
Consolidated	Cash Flow Statement			15
Notes to the	Financial	Statements		16-25

Chairman	Chairman	Mr G Dean	Mr G Dean	Mr G Dean
Corporate Trustee (previously		"Custodian Trustee" )
		Mission Care Management				Limited
Directors of Mission Care Management Limited
		Mr G Dean
		Mr M Jones
		Ms A Honeysett
		Mr P Martin
		Mr A Surgenor	(appointed			31 January 2023)
Executive Director		Mr D Evans
Auditor		Jacob Cavenagh		&Skeet
		5 Robin Hood Lane
		Sutton
		Surrey SM1 2SW
Solicitors		Anthony Collins	Solicitors			LLP
		134Edmund Street
		Birmingham
		B32ES
Bankers		National Westminster			Bank pic
		201 Tooley Street
		London
		SE1 2UE
Head Office		Suite 4, 7 High	Street
		Chislehurst
		Kent BR75AB
Charity Registration	Number	284967

		Notes	Unrestricted	Unrestricted	Restricted		Total	Unrestricted	Restricted	Restricted	Total
				Funds	Funds		2023	Funds	Funds		2022
				6				8	6		6
Income from:
Donations and legacies				12,191	1,291,587	1,303,778		63,094			63,094
Other trading	activities			81,465	-		81,465	135,150			135,150
Investments				6,860			6,860	2,029			2,029
Charitable activities
Residential	care fees		15,679,471		5,000	15,684,471		13,681,077	681,175	14,362,252
Otherincorne				272			272	8 070			8 Q7D
Total income			157811259		1298587	17076046		13809420	681175	145705115
Expenditure	on:
Raising funds		5		121,197			121,197	216,792			216,792
Charitable activities
Residential care costs		6	1563D024		180785'15780509			13335428	758950	~1~ 088 73
Total expenditure			15751221		1M785	159200D8		13502220	759950	1431217D
Gains/(losses)	on investment	assets	(	2 074)	41	(	2 033)	4 414	672		5086
Net income/(expenditure)				26,964	1,127,843	1,154,807		341,614	( 78,103)		263,511
Transfers between funds
Net movement	in funds			26,964	1,127,843	1,154,807		341,614	( 78,103)		263,511
Reconciliation	offunds
Funds brought	forward		5	664433	317130	5	981563	5322819	395233		5718052
Funds carried	forward

			Notes	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2023	Funds	Funds	2022
				6	K		6		6
Income from:
Donations and legacies				12,191	1,291,587	1,303,778	63,094		63,094
Investments				6 860	-	6860	2,029		2,029
Charitable activities
Residential care	fees			15,679,471	5,000	15,684,471	13,675,660	681,175	14,356,835
Other income				272		272	400	-	400
Total income				15898794	1298587	16995381	~1374 183	681175	14422358
Expenditure on:
Charitable activities
Residential care Other expenditure	costs		11	15,609,459 72478	168,785 —	15,778,244 72478	13,318,576 49328	759,950 —	14,078,526 49328
Total expenditure				1568t 937	168 785	1585D722	13367904	759950	~(4\278
0 0(l * 7	1 t	t	t	~2074	41	(~2033	4414	672	5086
Net income/(expenditure)				14,783	1,127,843	1,142,626	377,693	(78,103)	299,590
Transfers between	funds
Net movement in	funds			14,783	1,127,843	1,142,626	377,693	( 78, 103)	299,590
Reconciliation of	funds
Funds brought forward				5640214	317130	~5957344	5262 521	395233	5657 754
Funds carried forward

					6	2023 E	f	2022
Fixed assets
Tangible fixed assets				10a		11,576,427		9,701,625
Investment	assets			11		64509		66542
						11,640,936		9,768,167
Current assets
Stocks					6,432		6,432
Debtors				12a	2,678,210		1,437,470
Cash at bank and		in	hand		844 864		2 321646
					3,529,506		3,765,548
Creditors:	amounts		falling due within
one year				136	2334063		1 814	731
Net current	assets					1 195443		1 950817
Total assets less		current liabilities				12,836,379		11,718,984
Creditors:	amounts		falling due after
more than	one year			14a		(~5700 009		(5737421)
Net assets						7136 7		5981 5
Funds
Unrestricted				15		5,691,397		5,664,433
Restricted				16		~144973		317130

					2023	2022
					E
Fixed assets
Tangible fixed assets				10b	11,550,533	9,664,697
Investment	assets			11	64510	66543
					11,615,043	9,731,240
Current assets
Stocks					6,032	6,032
Debtors				12b	2,667,800	1,427,386
Cash at bank and		in	hand		826911	2319695
					3,500,743	3,753,113
Creditors:	amounts		falling due within
one year				1311	2315807	I 789 588
Net current	assets				1 184936	I 963525
Total assets less		current liabilities			12,799,979	11,694,765
Creditors:	amounts		falling due after
more than	one year			14b	(5700009)	(5737421)
Net assets
Funds
Unrestricted					5,654,997	5,640,214
Restricted				16	I 444 973	317I30

								2023		2022
								K		K
Cash flows from operating activities		(see note			(a) below)			( 749,964)	1,390,431
Cash flows from investing	activities
Interest receivable								6,860		2,029
Interest paid								(263,835)		(155,575)
Payments to acquire tangible	fixed assets							~675471		~596595
Net cash used in investing	activities							~932448		~750 141
Cash flows from financing	activities
Loans repaid								(217,262)		(220,963)
Cash inflows from new borrowing								426,000
Payments to reduce finance lease liabilities Cash (used in)/provided by financing activities								( 3110) 205 628		( 2719) 223 682
Net cash inflow/(oufflow)								(1,476,782)		416,608
Cash and cash equivalents at 1 April		2022						2321 846	1	9D5 D38
Cash and cash equivalents at 31 March			2023
(a) Reconciliation ofnet	income	to	net	cash flow from		operating	activities
Net income								1,154,807		263,511
Interest receivable								( 6,860)	(	2,029)
Interest paid								263,835		155,575
Depreciation								650,669		644,497
Gift of 'The Elms'								(1,850,000)
Gains/(losses) on investments (Increase)/decrease in debtors								2,033 (1,240,740)	(	5,086) 230,758
Increase in creditors (Increase)/decrease in	stock							276,292	104,790 ~1585
Net cash provided by operating		activities						(~RAN)
(b) Analysis ofchanges in net debt
					At 1 April	Cash		Non-cash	At	31 March
					2022	flows		changes		2023
					E	E
Cash					2,321,646	(1,476,782)				844,864
Loans falling due within	one year			(	233,400)	( 208,738)		( 33,846)	(	475,984)
Loans falling due after more than
one year Finance lease obligations Total				(5,733,689) ~6643 (~~$		3110 (~3~)		33,846	(5,699,843) ~3733

DONATIONS AND LEGACIES			2023f	2022f
Support Centre			12,191	21,807
Transfer of The Elms			1,291,587
Legacies				41,287
			1,303,778	63,094
OTHER TRADING ACTIVITIES			2023f	2022f
Cafe				67,080
Charity shop			81,465	68,070
			81,465	135,150
INVESTMENT INCOME			2023f	2022f
Income from listed investments			3,260	1,929
Interest on cash deposits			3,600	100
			6,860	2,029
RAISING FUNDS			2023f	2022f
Cafe			60,744	146,325
Charity shop			60453	70,467
			121,197	216,792
CHARITABLE ACTIVITIES
	Direct Costs f	Supportcosts f	2023	2022f
Staff costs	10,816,340	1,265,133	12,081,473	11,170,741
Depreciation	650,669		650,669	644,497
Other	2,954208	112,459	3,066,667	2,280,140
	14,421,217	1,377,592	15,798,809	14,095,378
				Page 18

FO	R THE YEAR ENDED	31 MARCH 2023 co	ntinued
7	SUPPORT COSTS				2023 f	2022
	Governance costs (note 8)				112,459	95,916
	Staff costs				1,265,133	1,095,912
					1,377,592	1,191,828
8	GOVERNANCE COSTS				2023 f	2022f
	Legal costs				91,943	76,768
	Fees paid to auditors
	Audit fee				15,056	15,746
	Other fees				5,460	1,400
	Other					2,002
					112,459	95,916
9	EMPLOYMENT COSTS				2023 f	2022 f
	Gross salaries				7,256,651	6,632,947
	Employer's National Insurance				712,495	606,665
	Employer's Pension contributions				178,560	159,729
	1-1care agency charges				1,569,398	1,435,759
	Other agency charges				2424 822	2466785
	The average number	ofstaff employed	during	the year was:
					2023	2022
	Residential homes				254	263
	Support Centre				14	18
	Charity Shop				8	5
	Cafe					4
	Employees earning	over f60,000:
	f60,000 -f70,000				2023 5	2022 2
	f70,000 - f80,000				2	2
	f110,000 - f120,000					1
	f120,000 - f130,000 f210,000 -f220,000 f230,000 —f240,000

10aTANGIBLE FIXEDASSETS	GROUP
	Freehold	Plant and	Motor		Total
	Property f	Machinery f	Vehicles f
Cost
At 1 April 2022	13,179,254	5,445,268	44,413		18,668,935
Additions	1,850,000	675,471			2,525,471
Disposals
At 31 March 2023	15,029,254	6,120,739	44413		21,194,406
Depreciation
At 1 April 2022	4,728,911	4,194,794	43,605		8,967,310
Charge for the year	259,500	390,361		808	650,669
Released on disposals
At 31 March 2023	4,988411	4 585,155	44,413		9,617,979
Net book value
At 31 April 2022	10,040,843	1,535,584			11,576,427
At 31 March 2022	8,450,343	1,250,474		808	9,701,625
10bTANGIBLE FIXEDASSETS	CHARITY
	Freehold	Plant and	Motor		Total
	Property f	Machinery f	Vehicles f
Cost
At 1 April 2022	13,179,254	5,229,011	44,413		18,452,678
Additions	1,850,000	675,471			2,525,471
Disposals
At 31 March 2023	15,029,254	5,984,482	44	413	20,978,149
Depreciation
At 1 April 2022	4,728,911	4,015,465	43,605		8,787,981
Charge for the year	259,500	379,327		808	639,635
Released on disposals
At 31 March 2023	4,988,411	4,394,792	44	413	9,427,616
Net book value
At 31 March 2023	10,040,843	1,509,690			11,550,533
At 31 March 2022	8,450,343	1,213,546		808	9,664,697

INVESTMENTS	INVESTMENTS			Samaritan	Love Walk	2023		2022
				Fund
				E
GROUP
Fair value
At 1 April	2022			55,329	11,213	66,542		61,456
Unrealised	gain/(loss)			(2,074)	41	(2,033)		5,086
Disposals
At 31 March 2023				53,255	11,254	64,509		66,542
CHARITY
At 1 April	2022 8	31 March 2023				64,510		66,543
At 31 March 2023						64	510	66,543
						2023		2022
						E		E
UK Investments		comprise:
Common	deposit	and investment	funds			64,509		66,542
Investment	in subsidiary						1	1
						64,510		66,543

12a	DEBTORS	GROUP	2023	2022
				E
	Fees receivable		751,051	580,837
	Prepayments	and accrued income	1,927,159	856,633
			2,678,210	1,437,470
12b	DEBTORS	CHARITY	2023	2022
			E	E
	Fees receivable		749,747	579,533
	Prepayments	and accrued income	1 818053	847,853
			2,667,8QII	1,427,386

13a	CREDITORS:Amounts	CREDITORS:Amounts	falling	due within one year	due within one year	due within one year
	GROUP							2023		2022
								8		8
	Bank loans							475,984		233,400
	Trade creditors							820,242		705,148
	Accruals							163,890		148,138
	Social security							169,489		191,610
	Other creditors							700,891		533,324
	Finance lease obligations							3,567		3,111
								2,334,063		1,314,731
13b	CREDITORS:Amounts		falling	due within one year
	CHARITY							2023		2022
								E
	Bankloans							475,984		233,400
	Trade creditors							1,033,909		813,067
	Accruals							171,288		148,974
	Social security							169,489		191,610
	Other creditors							461,570		399,426
	Finance lease obligations							3,567		3,111
								2,315,807		1,789,588
	The Tdodos bank loans		are secured on the Elmwood				and Greenhill	properties. The Natwest		loan is
	secured on the The Elms properties,				147 and 145 Barry Road, East Dulwich, London.				The bank
	loans are financial	instruments		measured		at amortised	cost. Interest	ofF270,009 (2022:	2154,560)
	was charged during	the	year.
14a	CREDITORS:Amounts		falling	due after more than one year
	GROUP							2023		2022
										E
	Bank loans							5,699,843	5,733,689
	Finance lease obligations							166		3,732
								5,700,009	5,737,421
14b	CREDITORS:Amounts		falling	due after more than one year
	CHARITY							2023		2022
								E		E
	Bank loans							5,699,843	5,733,689
	Finance lease obligations and five years)		(due	between		one		166		3,732
								5,700,009	5,737,421

FOR	THE YEAR ENDED 31 MA	THE YEAR ENDED 31 MA	THE YEAR ENDED 31 MA	RCH 2	023 (continued)
15	UNRESTRICTED FUNDS
	2023
					Balance at	Income			Expenditure				Investment				Balance at
					1 April								gains		and		31 March
					2022								transfers				2023
							K							E			E
	General Fund				5,205,571	15,780,259			(15,750,321)								5,235,509
	Friends' Groups				17,824												17,824
	Samaritan Fund Cyclical Maintenance				25,507 251,510						(900)			(2,074)			22,533 251,510
	Redevelopment	Fund			131,158												131,158
	Building Fund				32,863												32,863
					5,664,443	15,780,259			(15,751,221)					2,074			5,691,397
	2022
					Balance at	income			Expenditure				Investment				Balance at
					1 April								gains		and		31 March
					2021 E		E			E			transfers f				2022 E
	General Fund				4,867,671	13,889,420			(13,551,520)								5,205,571
	Friends' Groups				17,824												17,824
	Samaritan Fund Cyclical Maintenance				21,793 251,510				(		700)				4,414		25,507 251,510
	Redevelopment	Fund			131,158												131,158
	Building Fund				32,863												32,863
					5,322,819	13,889,420			(13,552,220)						4,414		5,664,433
	The Friends' Groups		funds	relates	to funds designated		forthe use of			volunteers			linked	tospecific homes
	and is generally	used	for residents'		activities.
	The Samaritan Fund is designated for allocation to needs and is administered by a sub-committee.					current		orformer		members		ofstaff who have specific
	The Cyclical Maintenance			Fund	is designated	to	provide		funding		for specific				and	exceptional
	maintenance requirements			that arise from time to		time.
	The Redevelopment and Building needs ofspecific homes.				Funds are designated			for the future			building		or other development
6	RESTRICTED FUNDS
	2023				Balance at	Income			Expenditure				Investment				Balance at
					1 April								losses		and		31 March
					2022								transfers				2023
					E									E			K
	Love Walk				301,130		5,000			(152,785)					41		153,386
	Covid grants				16,000					(16,000)
	The Elms					1,291,587											1,291 587
					317,130	1,296,587				168,785					41		1,444,973

ANALYSIS OF NET ASSETS BETWEE 2023	N FUNDS
	Unrestricted	Restricted	Total
	funds	funds
	K	E	K
Fixed assets	11,640,936		11640 936
Net current assets	(249,530)	1,444,973	1,189,443
Long term liabilities	5.700.009		5,700,009
	5,691,397	1,444,973	7,130,370
2022
	Unrestricted	Restricted	Total
	funds	funds
Fixed assets	9,768,167		9,768,167
Net current assets	1,633,687	317,130	1,950,817
Long term liabilities	5,737,421		5,737,421
	5,664,433	317,130	5,981,563