2022-09-30-accounts - The Minchinhampton Centre For The Elderly

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities	10	to	11
Group and Charity BalanceSheet	12	to	13
Cash Flow Statement		14
Notes tothe Financial Statements	15	to	31

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
		Notes
Income from:
Donations and legacies			1,126,325	356,343
Charitable activities			3,278,725	2,929,713
Other trading activities			34,067	38,386
Investments			35,702	43,392
Total income			4,474,819	3,367,834
Ex enditure on:
Raising funds			17,836	15,874
Charitable activities		9	3,757,412	3,442,927
Total resources expended			3,775,248	3,458,801
Net gains/(losses)	on investments	16	(151,019)	174,922
Net movement in	funds		548,552	83,955
Fund balances at	1 October 2021		5,027,565	4,943,610
Fund balances at	30September 2022		5,576,117	5,027,565

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
		Notes	f	f
Income from:
Donations and legacies			1,088,372	180,868
Charitable activities - property	rental		150,967	146,824
Other trading activities			34,067	38,386
Investments			35,702	42,180
Total income			1,309,108	408,258
Ex enditure on:
Raising funds			17,836	15,874
Charitable activities			493,628	393,071
Total resources expended			511,464	408,945
Net gains/(losses) on investments		16	(151,019)	174,922
Net movement in funds			646,625	174,235
Fund balances at 1 October 2021			5,051,219	4,876,984
Fund balances at 30September 2022			5,697,844	5,051,219

						2022		2021
					Notes	f	f
Fixed assets
Tangible assets					18	2,625,021		2,692,828
Investments					17	1,319,496		1,452,396
						3,944,517		4,145,224
Current assets
Stocks					21	7,705	10,567
Debtors					22	159,306	204,616
Cash at bank and		in	hand			1,846,309	992,673
						2,013,320	1,207,856
Creditors:	amounts		falling due within
one year					23	(381,720)	(325,515)
Net current	assets					1,631,600		882,341
Total assets less		current		liabilities		5,576,117		5,027,565
Income funds
Unrestricted	funds
Designated	funds				26		(23,654)
General unrestricted			funds			5,576,117	5,051,219
						5,576,117		5,027,565
						5,576,117		5,027,565

				As at 30	Se tember 2022
					2022		2021
				Notes			f
Fixed assets
Tangible assets				18		2,625,021		2,692,828
Investments				17		1,319,496		1,452,396
						3,944,517		4,145,224
Current assets
Debtors				22	197,521		131,020
Cash at bank and	in	hand			1,559,880		782,025
					1,757,401		913,045
Creditors: amounts		falling	due within
one year				23	(4,074)		(7,050)
Net current assets						1,753,327		905,995
Total assets less	current		liabilities			5,697,844		5,051,219
Income funds
Unrestricted funds						5,697,844		5,051,219
						5,697,844		5,051,219

			2022		2021
	Notes
Cash flows from operating activities
Cash generated from operations Interest paid	30	918,842 (628)		30,279 (578)
Net cash used in operating activities			918,214		29,701
Investing activities
Purchase oftangible fixed assets Purchase of investments Proceeds on disposal oftangible fixed assets Proceeds on disposal of investments		(83,160) (83,110) 1,000 64,990		(81,265) (64,273) 38,049
Investment interest received Investment dividends received		469 35,233		1,446 41,946
Net cash used in investing activities			(64,578)		(64,097)
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents			853,636		(34,396)
Cash and cash equivalents at the beginning ofthe reporting period			992,673		1,027,069
Cash and cash equivalents at the end of the reporting period			1,846,309		992,673

					Unrestricted	Unrestricted
					funds	funds
					2022	2021
Donations		and	gifts		56,372	103,591
Legacies	receivable				1,032,000	127,278
Grants receivable					37,953	125,474
					1,126,325	356,343
Grants receivable for core activities
Infection control			grant			82,076
Coronavirus		job retention		scheme		1,135
Other Covid related grants					37,953	42,263
					37,953	125,474
Donations		and	legacies	- charity
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
Donations		and	gifts		56,372	53,591
Legacies	receivable				1,032,000	127,278
					1,088,372	180,869

				Unrestricted	Unrestricted
				funds	funds
				2022	2021
Income	from	listed	investments	35,233	41,946
Interest	receivable			469	1,446
				35,702	43,392

		Nursing	home	Day centre &	Homecare	Other income	Total	Total
				non-residential			2022	2021
				services
			2022	2022	2022	2022
			f	f
Other	income	2,456,161		175,595	645,763	1,206	3,278,725	2,929,713

		Nursing	Day centre &	Homecare	Other income	Total
			non-residential			2021
			services
Other	income	2,163,622	66,192	699,054	845	2,929,713

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
Fundraising	events	34,067	38,386

Raising fu	nds -	charity
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
				P
Fundraisin	and	ublicit
Other fundraising		costs	722	152
Investment	mana	ement	17,114	15,722
			17,836	15,874

	2022	2021
Staff costs Depreciation and impairment Agency staff Catering Cleaning 8 hygiene Utilities Insurance Repairs 8 maintenance IT 8 telephony Travel 8 motor expenses Advertising, recruitment 8 training Office expenses Equipment hire Other direct costs (Profit)/loss on disposal oftangible assets	2,760,069 150,967 202,145 97,005 90,385 62,889 22,596 90,681 55,719 61,099 14,041 35,538 27,742 51,359 (1,000)	2,626,231 146,823 41,617 80,231 87,813 67,697 19,007 87,212 53,797 64,935 22,230 24,528 28,418 64,768
	3,721,235	3,415,307
Share ofgovernance costs (see note 12)	36,117	27,620
	3,757,412	3,442,927

		2022	2021
Resident bed funding Depreciation and impairment Other direct costs		317,871 149,967 628	222,348 146,823 578
		468,466	369,749
Share ofgovernance	costs (see note 13)	25,162	23,322
		493,628	393,071

The average monthly	number of	employees during the year	was:
			2022	2021
			Number	Number
Directors ofsubsidiary	company		6	6
Care, domestic and administration		staff	141	145
Total			147	151
Employment costs			2022	2021
Wages and salaries			2,521,909	2,420,106
Social security costs			195,880	165,873
Other pension costs			42,280	40,252
			2,760,069	2,626,231

	more were	:						,
										2022	2021
										Number	Number
	f60,000	- f70,000								1
	f70,000	- f80,000
12	Support		costs - group
						Support	Governance	2022	Support	Governance	2021
						costs	costs		costs	costs
	Audit fees						16,225	16,225		9,340	9,340
	Legal and		professional				19,952	19,952		18,280	18,280
							36,177	36,177		27,620	27,620
	Analysed		between
	Charitable		activities				36,177	36,177		27,620	27,620
13	Support	costs - charity
						Support Governance		2022	Support	Governance	2021
						costs f	costs f	f	costs f	costs f
	Audit fees						4,735	4,735		2,010	2,010
	Legal and		professional							1,655	1,655
	Other governance costs						20,427	20,427		19,657	19,657
							25,162	25,162		23,322	23,322
	Analysed		between
	Charitable		activities				25,162	25,162		23,322	23,322
	Net movement in funds									2022f	2021 f
Net movement in funds				is stated after charging/(crediting)
Fees payable			to the charity's		auditor for the		audit ofthe charity's	financial
statements										16,225	9,340
Depreciation			ofowned tangible			fixed assets				150,967	146,823
(Profit)/loss		on disposal oftangible assets								(1,000)

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
				E
Revaluation	of	investments	(158,681)	170,948
Gain/(loss)	on	sale of investments	7,662	3,974
			(151,019)	174,922

Fixed asset inves	tments
		Listed	Cash in		Total
		investments	portfolio
Cost or valuation
At 1 October 2021		1,425,025	27,371		1,452,396
Additions			83,110		83,110
Valuation changes		(158,681)			(158,681)
Disposals		(57,329)			(57,329)
At 30September	2022	1,209,015	110,481	'	1,319,496
Carrying amount At 30September	2022	1,209,015	110,481		1,319,496
At 30September	2021	1,425,025	27,371		1,452,396

		Freehold land	Fixtures, fittings	Motor	Total
		&buildings	&equipment	Vehiclesf
Cost
At 1 October 2021 Additions Disposal		3,714,579	1,011,119 53,165	48,580 29,995 (12,300)	4,774,278 83,160 (12,300)
At 30September 2022		3,714,579	1,064,284	66,275	4,845,138
Depreciation and impairment
At 1 October 2021 Depreciation charged in Disposals	the year	1,354,931 80,984	677,939 69,983	48,580 (12,300)	2,081,450 150,967 (12,300)
At 30September 2022		1,435,915	747,922	36,280	2,220,117
Carrying amounts
At 30September 2022		2,278,664	316,362	29,995	2,625,021
At 30September 2021		2,359,648	333,180		2,692,828
For administrative reasons the property comprising the land and buildings known as Horsfall House (together comprised in Land Registry Title Nos. GR132825, GR184300 and GR353447) was re-registered in the name of Minchinhampton Centre for the Elderly Limited and, pursuant to a Declaration ofTrust dated 9June 2011, is now held on trust for The Minchinhampton Centre for the Elderly (Charity number 287479) absolutely. Accordingly, the property is included in the accounts ofthe Charity Group only.

	Accordingly, the prope	rty is include	d in the	accounts	ofthe Charity	Group	only.
19	Financial instruments							2022	2021
	Carrying amount offinancial assets
	Instruments measured	at fair value	through	profit or	loss			1,209,015	1,425,025
20	Subsidiaries
	Details of the charity's	subsidiaries	at 30 September		2022 are as	follows:
	Name of undertaking	Registered		Nature	ofbusiness		Class	of	% Held
		office					shares	held
	Minchinhampton Centre the Elderly Limited	for UK		Operation of nursing		home	n/a		100.00

Name ofundertaking	Profitl(Loss)	Capital and
		Reserves
	F
Minchinhampton Centre for
the Elderly Limited	(98,073)	(121,727)


21	Stocks					2022	2021
	Catering,	cleaning 8 medical	supplies			7,705	10,567
22	Debtors
	Amounts	falling due within	one year:	2022	2022 f	2021f	2021
				Group	Charity	Group	Charity
	Trade debtors			89,324		129,241
	Amounts owed by subsidiary undertakings Prepayments and accrued income			69,981	197,521	75,375	130,980 40
				159,305	197,521	204,616	131,020

Creditors: am	ounts falling due within o	ne year
		2022	2022	2021	2021
		Group	Charity	Group	Charity
Other taxation	and social security	44,180		43,062
Deferred income		122,274		87,858
Trade creditors		55,987		41,916
Other creditors		36,926		40,424
Accruals		122,353	4,074	112,255	7,050
		381,720	4,074	325,515	7,050

	2022	2021
	F
Within one year	9,480	7,704
Between two and five years	23,700	24,113
	33,180	31,817

Cash generated from	operations	operations		2022	2021
				F
Surplus/(deficit) for the	year			548,552	83,955
Adjustments for:
Income from listed investments				(35,233)	(41,946)
Interest receivable				(469)	(1,446)
Gain on disposal of investments				(7,662)	(3,974)
Fair value (gains) and	losses	on investments		158,681	(170,948)
Depreciation and impairment		of tangible	fixed assets	150,967	146,823
Profit on disposal oftangible assets				(1,000)
Finance costs				628	578
Movements in working	capital:
(Increase) in stocks				2,862	(548)
Decrease/(increase) in	debtors			45,311	56,882
(Decrease)/increase in	creditors			56,205	(39,097)
Cash generated from	operations			918,842	30,279