| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Company, | its Membem ofthe Council | 1-2 |
| and advisers | |||
| Foreword from Chairman | |||
| Message from Chief Executive | |||
| Msmbem ofthe Councg's report |
5-10 | ||
| Independent auditor's report on the Snancial statements |
11-13 | ||
| Statement offinancial activities | 14 | ||
| Balance sheet | 15 | ||
| Statement ofcash flows | |||
| Notes to the financial statements | 17-30 |
| REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL | REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OFTHE COUNCIL |
|---|---|---|---|---|---|---|---|---|
| AND ADVISERS | ||||||||
| FOR THE | YEAR ENDED 31 MARCH | 2023 | ||||||
| Members | ofthe Council | Mr LA Ponsonby, | Chairman | |||||
| Mr G P Candy* | ||||||||
| Lady J Norman' | ||||||||
| Dr H Van Oss | ||||||||
| Mr R Mann' | ||||||||
| Mr MJ Wilkinson | ||||||||
| Mr P D Surge | ||||||||
| Ms TWelford | ||||||||
| *member | ofthe Finance | Committee | ||||||
| Company | registered | |||||||
| number | 01989868 | |||||||
| Charity registered | ||||||||
| number | 293522 | |||||||
| Registered | offlce | 4 Latimer Road | ||||||
| Headington | ||||||||
| Oxford | ||||||||
| OX37PF | ||||||||
| Non - executive officers | Sir Timothy Stevenson, | OBE, President | ||||||
| Earl of Donoughmore, | Vice President | |||||||
| Mrs S8S Homersham, | Vice President | |||||||
| Lady McLintock, | Vice President | |||||||
| Key management | Mr R L Burden, Chief Executive Officer | |||||||
| personnel | Mrs VWaine, Matron | |||||||
| Mr A Mebrahtu, Finance Manager and Company Secretary Josh Peake, Facilities Manager (Appointed 15January 2023) |
||||||||
| Independent auditor |
James Cowper Kreston Audit | |||||||
| Chartered Accountants |
and Statutory | Auditor | ||||||
| 2 Chawley Park |
||||||||
| Cumnor Hill |
||||||||
| Oxford | ||||||||
| Oxfordshire | ||||||||
| OX2 9GG | ||||||||
| Bankers | Lloyds Bank Pic | |||||||
| PO Box8 | ||||||||
| 1-5High Street | ||||||||
| Oxford | ||||||||
| OX1 4AA | ||||||||
| HSBC Bank Pic | ||||||||
| 2nd Floor | ||||||||
| Seacourl | ||||||||
| West Way | ||||||||
| Botley | ||||||||
| Oxford | ||||||||
| OX2 OPL |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2023 6 |
2023 6 |
2023f | 2022 E |
|||
| Income from: | |||||||
| Donations and legacies |
407 | 59,894 | 60,301 | 95,976 | |||
| Charitable activities: |
|||||||
| Patient fees | 4,412,895 | 4,412,8$6 | 3.545,909 | ||||
| Rental income | 104,466 | 104,466 | 127,883 | ||||
| Coffee shop | 32,304 | 32,304 | 35,253 | ||||
| Investments | 693 | 593 | 239 | ||||
| Other income | 9,233 | 4,336 | 13,569 | 100,843 | |||
| Total income | 4,659,8$8 | 64,230 | 4,624,128 | 3,906,103 | |||
| Expenditure on: |
|||||||
| Charitable activities |
5 | 4,277,258 | 5,064 | 4,282,322 | 3,707.208 | ||
| Total expenditure | 4,277,258 | 6,064 | 4,282,322 | 3,707,208 | |||
| Net movement | In funds | 282,540 | 59,165 | 341,806 | 198,895 | ||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 4,926,$51 | 56,139 | 4,983,090 | 4,784,195 | ||
| Net movement | in funds | 282,640 | 5$,166 | 341,806 | 198,895 | ||
| Total funds carried | forward | 5,209,591 | 115,305 | 5,324,8$6 | 4,983,090 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | |||||
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH | 2023 | |||||
| 2023 | 2022 | |||||
| Note | 6 | |||||
| Cash flows from operating | activities | |||||
| Nel cash used in operating | aclwilies | 20 | 807,344 | 390,258 | ||
| Cash flows from investing | activities | |||||
| Investment income |
593 | 239 | ||||
| Purchase oftangible fixed assets | (52,638) | |||||
| Net cash (used in)/provided by invesgng |
activities | (52,045) | 239 | |||
| Cash ffows from Rnanclng | activities | |||||
| Interest paid | (131,068) | (75,783) | ||||
| Repayments of borrowings |
(237,516) | (145,290) | ||||
| Net cash used in financing | activities | (368,673) | (221,073) | |||
| Change in cash and cash |
equivalents | in | the year | 386,726 | 169,424 | |
| Cash and cash equivalents | al Ihe beginning | ofthe year | 773,934 | 604,510 | ||
| Cash and cash equivalents | at the end of | the year | 21 | 1,160,660 | 773.934 | |
| The notes on pages 17to 30form part ofthese financial statements |
| Total | |||||||
|---|---|---|---|---|---|---|---|
| blf | Adj | funds | |||||
| 2023 | 2023 | 2023 | |||||
| 6 | 5 | ||||||
| Reserves | 5,973,137 | (1,046 188) | 4,926,951 | ||||
| Cost | 10,500,000 | (1,856.304) | 8,643,696 | ||||
| Accumulated | depreciation | 356,000 | 566,686 | 922,686 | |||
| Depreciation | 178,000 | (21,545) | 156,455 | ||||
| Revaluation | 1,732,802 | (1,732,802) | |||||
| Other incoming | resources | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funda | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| E | 5 | 5 | 5 | ||||
| Other income | 9,233 | 9,233 | 5,484 | ||||
| Covid-19 job | retention | scheme grant | 8,882 | ||||
| Infection control grant | 711 | 711 | 85,234 | ||||
| TVWD partnership | grant | 1,243 | |||||
| Fund for staff | training | 3,625 | 3,626 | ||||
| 9,233 | 4,336 | 13,669 | 100,843 | ||||
| Total 2022 | 14.366 | 86,477 | 100,843 |
| Unrestricted | Restricted | As restated | ||||
|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||
| 2023 6 |
2023f | 2023f | 2022 6 |
|||
| Patient services and facility | costs | 3,603,972 | 5,064 | 3,609,036 | 3,231,765 | |
| Managing | and administration | costs (including | ||||
| governance) | 673,286 | 673,286 | 475,443 | |||
| 4,277,258 | 5.064 | 4,282,322 | 3,707,208 | |||
| Total 2022 | as restated | 3,608,870 | 98,338 | 3,707,208 | ||
| Summary | by expenditure | type |
| As restated | |||||||
|---|---|---|---|---|---|---|---|
| Staffcosts | Depreciation | Other costs | Total | Total | |||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||
| 2 | 6 | 6 | 6 | ||||
| Patient services | and facility | ||||||
| costs | 2,542,374 | 167,668 | 898,994 | 3,609,036 | 3.231,765 | ||
| Managing | and administration | ||||||
| cosls (including | governance) | 321,835 | 351,451 | 673,286 | 475,443 | ||
| 2,864,209 | 167,668 | 1,250,445 | 4,282,322 | 3,707,208 | |||
| Total 2022 | as restated | 2,504,063 | 170,530 | 1,032,615 | 3,707,208 |
| As restated | |||||
|---|---|---|---|---|---|
| 2023f | 2022 8 |
||||
| Nursing services | 2,279,918 | 1,980,703 | |||
| Medical supplies | 12,067 | 43,365 | |||
| Non climcal services includmg | catenng and domestic | 767,540 | 709.113 | ||
| Premises and plant | 385,051 | 300,107 | |||
| Coffee shop | 84,316 | 27,947 | |||
| Depreciation | 167,668 | 170,530 | |||
| 3,676,660 | 3,231,765 | ||||
| Managing and administration |
costs (Including | governance) | |||
| 2023 | 2022 | ||||
| 5 | 6 | ||||
| Salsnes | 321,835 | 259,727 | |||
| Finance costs - other | 2,326 | 2,193 | |||
| Interest payable | 131,068 | 75,783 | |||
| Insurance | 43,082 | 39,001 | |||
| Offic and administration | costs | 79,637 | 91,173 | ||
| Governance | 27,834 | 7,556 | |||
| 605,772 | 475,443 |
| The auditor's remuneration amounts to an auditor financial statements of E4,032(2022 - E2,700), Staff costs |
fse of 516,128(2022 - 55,300).and prepa | ration ofthe |
|---|---|---|
| 2023 | 2022 | |
| 5 | 5 | |
| Wages and salaries | 2,553,188 | 2,247,658 |
| Social security costs | 247,228 | 202,003 |
| Pension costs | 63,796 | 54,402 |
| 2,884,209 | 2,504.063 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| No. | No | ||||
| Patient services and facility | costs | 83 | 81 | ||
| Managing | and administration | (including | governance) | 6 | 6 |
| 89 | 67 |
| Freehold | Other fixed | |||
|---|---|---|---|---|
| property 6 |
assets 8 |
Total 6 |
||
| Cost orvaluation | ||||
| At I April 2022 (as previously | stated) | 10,600,000 | 901,661 | 11,401,681 |
| Prior Year Adjustment | (1,856,304) | (1,856,304) | ||
| At 1 April 2022 (as restated) | 8,643,696 | 901,661 | 9,54S,357 | |
| Additions | 62,638 | 62,638 | ||
| At 31 March 2023 | 8,643,696 | 954,299 | 9,597,995 | |
| Depreciation | ||||
| At 1 Apnl 2022 (as previously | stated) | 355,998 | 834,534 | 1,190,532 |
| Prior Year Adjustment | 922,686 | 922,686 | ||
| At 1 Apnl 2022 (as restated) | 1,278,684 | 834,534 | 2,113,218 | |
| Charge for Ihe year | 166,456 | 11,212 | 167,688 | |
| At 31 March 2023 | 1,435,140 | 845,746 | 2,280,886 | |
| Net book value | ||||
| At 31 March 2023 | 7,208,556 | 108,553 | 7,317,109 | |
| At 31 March 2022 (as restated) | 7,365,012 | 67.127 | 7,432.139 |
| 13. | Stocks | FOR THE YEAR | ENDED 31 MARCH 2023 | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 8 | 5 | ||||
| Food and provisions | 7,000 | 7,000 | |||
| Domestic items | 4,600 | 4,600 | |||
| 11,600 | 11,600 | ||||
| 14. | Debtors | ||||
| 2023f | 2022 E |
||||
| Trade debtors | 103,646 | 198,795 | |||
| Other debtors | 6,210 | 6,818 | |||
| Prepayments and accrued income |
1,790 | 3,308 | |||
| 111,646 | 208,922 | ||||
| 15. | Creditors: Amounts | fatling due within one | year | ||
| 2023 | 2022 | ||||
| 6 | E | ||||
| Bank loans | 159,450 | 179,271 | |||
| Trade creditors | 70,358 | 15,776 | |||
| Other taxation and social security | 49,3sr | 48,539 | |||
| Other creditors | 63,643 | 102,522 | |||
| Accruals and deferred | income | 333,989 | 260,560 | ||
| srs,rgr | 806,668 | ||||
| 16. | Creditors: Amounts | falling due after more | than one year | ||
| 2023 | 2022 | ||||
| 6 | |||||
| Bank loans | 2,689,322 | 2,836,837 | |||
| The bank loan is secured against the property | at 4 Latimer Road, Headington, | OX37PF |
| Statement o | ffund | s - prior year | ||||
|---|---|---|---|---|---|---|
| Restated | ||||||
| As restated | balance at | |||||
| Balance at | As restated | 31 March | ||||
| 1 April 2021f | Income f |
Expenditure f |
2022 E |
|||
| Unrestricted | funds | |||||
| General funds | 4,784,196 | 3,751,626 | (3,608,571) | 4,926,951 | ||
| Restricted funds | ||||||
| Infection control grant | 85,234 | (85,234) | ||||
| TVWD partnership | grant | 1,243 | (1,243) | |||
| Development | fund | 68,000 | (11,861) | 56,139 | ||
| Staff training | ||||||
| 154,477 | (98,338) | 56,139 | ||||
| Total offunds | 4,784,196 | 3,906,103 | (3,707,209) | 4,983,090 | ||
| Summary of | funds | |||||
| Summary of | funds | - current year | ||||
| As restated | Balance et | |||||
| balance at 1 | 31 March | |||||
| April 2022 | Income | Expenditure | 2023 | |||
| 6 | 6 | 6 | E | |||
| General funds | 4,926,$51 | 4,669,898 | (4,277,258) | 5,209,591 | ||
| Restricted funds | 66,139 | 64,230 | (5,064) | 115,305 | ||
| 4,983,0$0 | 4,624,128 | (4,282,322) | 6,324,896 |
| Summary | offunds (continued) | ||||||
|---|---|---|---|---|---|---|---|
| Summary | offunds - prior year | ||||||
| As restated | Balance at | ||||||
| balance at | As restated | 31 March | |||||
| 1 April 2021 | Income | Expenditure | 2022 | ||||
| 6 | E | 5 | 5 | ||||
| General funds | 4,784, | 196 | 3,751,626 | (3,608,871) | 4,926,951 | ||
| Restricted | funds | 154.477 | (98.338) | 56,139 | |||
| 4,784,196 | 3,906.103 | (3,707,209) | 4,983,090 | ||||
| Analysis | ofnet assets between | funds | |||||
| Analysis | ofnet assets between | funds | - current year | ||||
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2023 | 2023 | 2023 | |||||
| 8 | 6 | 8 | |||||
| Tangible | fixed assets | 7,317,109 | 7,317,109 | ||||
| Current assets | 1.168,601 | 115,305 | 1,283,906 | ||||
| Creditors | due within one year | (676,797) | (676,7$7) | ||||
| Creditors | due in more than one year | (2,599,322) | (2,5$$,322) | ||||
| Total | 5,209,591 | 115,305 | 5,324,8$6 | ||||
| Analysis | of net assets between | funds | ~prior year | ||||
| Restated | |||||||
| Unrestncted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2022 6 |
2022 E |
2022f | |||||
| Tangible fixed assets | 7,432,139 | 7,432,139 | |||||
| Current assets | 938,317 | 56,139 | 9$4,456 | ||||
| Creditors | due within one year | (606,668) | (606,668) | ||||
| Creditors | due in more than one year | (2,836.837) | (2,836.837) | ||||
| Total | 4,926,951 | 56,139 | 4,983,090 |
| 20. | Reconciliation ofnet | movement | in funds | to net cash flow from operating | activities | ||
| 2023f | 2022 5 |
||||||
| Net income for the year (ss per Statement | of Financial Activikes) | 341,806 | 198,895 | ||||
| Adjustments for: |
|||||||
| Depreciation charges |
157,666 | 170.531 | |||||
| Investment income |
(593) | (239) | |||||
| Interest paid | 131,068 | 75,783 | |||||
| Decrease/(increase) | in debtors | 97,624 | (95,436) | ||||
| Increase in creditors |
6$,883 | 40,725 | |||||
| Net cash provided | by operating | activities | 807,344 | 390.259 | |||
| 21. | Analysis ofcash and | cash equivalents | |||||
| 2023 | 2022 | ||||||
| 8 | 8 | ||||||
| Cash in hand |
1,160,660 | 773,934 | |||||
| Total cash and cash | equivalents | 1,160,660 | 773,934 | ||||
| 22. | Analysis ofchanges | in net debt | |||||
| At 1 April | At 31 March | ||||||
| 2022 | Cash flows | 2023 | |||||
| 8 | 6 | 8 | |||||
| Cash at bank and in | hand | 773,934 | 386,726 | 1,160,660 | |||
| Debt due within 1 year |
(17$,271) | 1$,821 | (159,450) | ||||
| Debt due after I year | (2,836,837) | 237,616 | (2,599,322) | ||||
| (2,242,174) | 644,062 | (1,598,112) |