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||||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|
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|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|||||||
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|||||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|
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|||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|||||||
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||||||||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||
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||||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||
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||||||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|
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|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|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||No.|No|
|Patient services and facility||costs||83|81|
|Managing|and administration|(including|governance)|6|6|
|||||89|67|
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|||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|
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|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||
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|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|
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|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$4,456|
|Creditors|due within one year||||(606,668)||(606,668)|
|Creditors|due in more than one year||||(2,836.837)||(2,836.837)|
|Total|||||4,926,951|56,139|4,983,090|
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|||||||||
|---|---|---|---|---|---|---|---|
|20.|Reconciliation ofnet||movement|in funds|to net cash flow from operating|activities||
|||||||2023f|2022
5|
||Net income for the year (ss per Statement||||of Financial Activikes)|341,806|198,895|
||Adjustments
for:|||||||
||Depreciation
charges|||||157,666|170.531|
||Investment
income|||||(593)|(239)|
||Interest paid|||||131,068|75,783|
||Decrease/(increase)|in debtors||||97,624|(95,436)|
||Increase
in creditors|||||6$,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)|
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