##
|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|
|11|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|
##
##