2023-03-31-accounts - Havencare Homes and Support Limited

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() havencare homes and support TRUSTEES ANNUAL REPORT 2023 Ti'iistClLJS Aniiu'il Rei?()rt and finAnLial St'Ilc'i)It)nts l ear

SURPLUS(%	ofTurnov	er)
Year:	18-19	19-20	20-21	21-22	22-23
Surplus/Deficit:	£46,248	£201,642	£355,644	£116,221	(£43,146)

Service	Rating Safe Effective Responsive Well-Led Caring * Outshmding
	Safe
SupportedLiving Plymouth& Devon
SupportedLiving Cornwall
Deanbrook
TheFirs

REPORT OF THE JNDEPENDEKf Al!DrroRS TO THE MEMBERS OF EN REHO hflTED Our re8POLslbilities for th¢ audit of the finCilI st•temts Our obje¢¢iYes are to obtain reasonable a55urance about whether the fiTbaN¢ial sthiements as a whole ar¢ free from material misstatemenL wheiher dur to frawj or eTrDr. and io t5sue & R¢p¢Jrt of th¢ Independent Audttors that includes our opinion. Reasonable assurancc is a high level of assurance. but is not a guarantee an audit conduaed in a¢¢ordance with ISA5 (UK} will always de¢t a material missthtement whet) li extsts. Mtsstatements can arise from fraud or ertor and are considered marial if. individually or in the aggrega. they could reasoThably be expected to influence the ¢(otv)mic decisionsof er5 tsken on the basis of these financial statements. The extent to which our procedures are capable of deittting irregularitie& including fra4 is detsiled below. We obtained an understanding of thc leBal and regulatory frarneworks that are applicable to ihe group.'and delennined that ¢he mosi significant are those that relate to hEalth and safety. employment rnatters and laws 8Th1 regulaiions specific to the sector in which the charity operates. We assessed ihe risks of material misststement in w of fra1 as follows: - we made ¢nquirie5 of the trusttts and managemet)i of any Th)n4omplia]Ke of laws and regulations, p)ieniial litigation and clairns orany knowledge of tual, suspe¢ted oralleged frn. - we reviewed the charity's risk register and minutes of trte rtetiTh85. - we eon5idered the adequacy of insurance cover. - we reviewed the operation of contr1$ in relation to local #rrthority grts relatingto Cornmvirus measures. - we revt¢wed inf0mtion in reknion to kry operating ¢ompliar¢e matt¢rn including 8 r¢vi¢w of reports from the re8ulaiory body. - we Considered ihe risk of fra1 throu8h rnanagernent override. Based orh the results of our risk a5%55menL we designed ow audit procedw¢s w identify a]Ml Address trial missla¢ements in rrlalion to fra as follows: - we rewewed legal fees to identify any potential nOmPlI8rtt with laws and regulalions. - we reviewed the minutes of trnsree mtttings to identify any signifKant matter5 arisin& - we reviewed material manual joumal entries for eVidee of rnanagement Olrnide or fraud. - we reviewed the operation of s¢rvi¢e user bk accounts. A further descriptron of our responsibilities for tk audit of the fInartal stsmenrs is I0ca on the Financral Reporting Council's website at wityw.frc.org.uklaudilorsresrM)nsibili¢ie5. This d¢%ription forms part of our Report ofthe Independertt Audiknrs. Use ofour report This ffport 15 made solely to the charitable eornpany's rnembers as a body, in 8¢cordance with Chapter 3 of Part 16 of the CoTnpanics Act 2006. audit h&8 been underthken so that we might state to the charttab12 company's members IE#)sc matters we are ffquircd to state to thern in an auditors. report and for no other purpose. To the fullest ¢xt¢nl PErmitted by Taw. we do not xcept or assunx¢ responsibility to anyonc other than the charitable ¢ompany aTLd the charitable Compan5 rnembers as abody, forour audit wort for ihi5 repor( or forihe opinions we havc formed. James Pearce FCA (Senior Sraiutory Auditor) ror and on behalf of lang Bennetts Audii Limited The Old Carriage Works Moresk Road TRURO Cornwall TRI IDG Pagc IS

Notes INCOME AND ENDOWMENTS FROM Charitable activities 3 Supported Living Investment income 2 Other income Total EXPENDITURE ON Charitable activities 4 Supported Living NET INCOME/(EXPENDITURE) Transfers between funds 17 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 7,895,829 1,968 17,473 7,915,270 7,960,235 (44,965) 6,299 (38,666) 3,271,727 3,233,061	Restricted funds £ 7 2,690 2,697 878 1,819 (6,299) (4,480) 1,391,375 1,386,895	2023 Total funds £ 7,895,836 1,968 20,163 7,917,967 7,961,113 (43,146) (43,146) 4,663,102 4,619,956	2022 Total funds £ 7,045,916 62 370,357
				7,416,335
				7,300,114 116,221 116,221 4,546,881 4,663,102

11 December 2023

Cash flows from operating activities
Cash generated from operations
Interest paid
Notes
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchaseoftangible fixed assets
Saleoftangible fixed assets
Interest received
Net cash (used in)/providedbyinvesting activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalentsatthe
beginningofthe reporting period
Cash and cash equivalents at the endof
the reporting period

2023
£
37,538
(14,089)
23,449
(100,679)
1,950
1,968
(96,761)
355,000
(36,895)
318,105
244,793
1,289,420
1,534,213
2022
£
(85,924)
(3,580)
{89,504)
(583,108)
769,593
62
186,547
(8,365)
(8,365)
88,678
1,200,742
1,289,420

Net (expenditure)/income for thereportingperiod (asperthe StatementofFinancial Activities) Adjustments for: Depreciation charges Profit on disposaloffixed assets Interest received Interest paid Increase in debtors Increase in creditors Net cash provided by/(used in) operations ANALYSISOFCHANGES INNETFUNDS Net cash Cash at bank Debt Debts falling due within1year Debts falling due after1year Total At114/22 £ 1,289,420 1,289,420 (11,928) (49,823) (61,751) 1,227,669	2023 £ (43,146) 71,473 (870) (1,968) 14,089 (105,068) 103,028 37,538 Cash flow £ 244,793 244,793 (34,233) (283,873) (318,106) (73,313)	2022 £ 116,221 68,753 (113,093) (62) 3,580 (169,857) 8,534 (85,924) At31/3/23 £ 1,534,213 1,534,213 (46,161) (333,696) (379,857) 1,154,356

2. INVESTMENTINCOME
Interest Received 3. INCOMEFROMCHARITABLEACTIVITIES 4. 5. 6. Fees Receivable Training Rents Other Activity Supported Living Supported Living Supported Living Supported Living CHARITABLEACTIVITIESCOSTS Supported Living SUPPORTCOSTS Supported Living NETINCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposaloffixed assets Auditors' remuneration for: Audit services Auditors' remuneration for: Non-audit services Direct Costs £ 7,492,417	2023 £ 1,968 2023 £ 7,497,560 11,475 352,119 34,682 7,895,836 Support costs (see note 5) £ 468,696	2022 £ 62 2022 £ 6,690,188 5,000 293,212 57,516 7,045,916 Totals £ 7,961,1 I3 Management £ 468,696 2022 £ 68,753 (113,092) 10,500

	2023 £ 71,472 (870) 11,550 1,500

Wages and salaries CareandSupportStaff Wages and salaries Social security Pension costs AdministrationStaff Wages and salaries Social security Pension costs 2023 £ 6,855,474 6,855,474 Total 2023 £ 5,816,380 462,364 108,034 6,386,778 Total 2023 £ 411,417 39,846 17,433 468,696	2022 £ 6,227,585 6,227,585 Total 2022 £ 5,250,622 433,152 102,902 5,786,676 Total 2022 £ 384,989 35,839 14,473 435,301

The average monthly numberofemployees during the	year was as follows:
	2023	2022
Care and support staff	249	231
Administration	16	15
	265	246

		2023	2022
£60,001	- £70,000	1

OFFINANCIAL ACTIVITIES Unrestricted Restricted Total funds funds funds £ £ £ 7,045,916 7,045,916 62 62 130,191 240,166 370,357 7,176,169 240,166 7,416,335 6,995,713 304,401 7,300,114 180,456 (64,235) 116,221 (41,240) 41,240 139,216 (22,995) 116,221 3,132,511 1,414,370 4,546,881 3,271,727 1,391,375 4,663,102 Freehold Plant and Motor property machinery vehicles Totals £ £ £ £ 3,419,857 303,804 25,525 3,749,186 82,880 17,799 100,679 (2,957) (5,700) (8,657) 3,419,857 383,727 37,624 3,841,208 205,488 186,183 15,263 406,934 19,380 45,076 7,016 71,472 (2,447) (5,130) (7,577) 224,868 228,812 17,149 470,829 3,194,989 154,915 20,475 3,370,379	OFFINANCIAL ACTIVITIES Unrestricted Restricted Total funds funds funds £ £ £ 7,045,916 7,045,916 62 62 130,191 240,166 370,357 7,176,169 240,166 7,416,335 6,995,713 304,401 7,300,114 180,456 (64,235) 116,221 (41,240) 41,240 139,216 (22,995) 116,221 3,132,511 1,414,370 4,546,881 3,271,727 1,391,375 4,663,102 Freehold Plant and Motor property machinery vehicles Totals £ £ £ £ 3,419,857 303,804 25,525 3,749,186 82,880 17,799 100,679 (2,957) (5,700) (8,657) 3,419,857 383,727 37,624 3,841,208 205,488 186,183 15,263 406,934 19,380 45,076 7,016 71,472 (2,447) (5,130) (7,577) 224,868 228,812 17,149 470,829 3,194,989 154,915 20,475 3,370,379	OFFINANCIAL ACTIVITIES Unrestricted Restricted Total funds funds funds £ £ £ 7,045,916 7,045,916 62 62 130,191 240,166 370,357 7,176,169 240,166 7,416,335 6,995,713 304,401 7,300,114 180,456 (64,235) 116,221 (41,240) 41,240 139,216 (22,995) 116,221 3,132,511 1,414,370 4,546,881 3,271,727 1,391,375 4,663,102 Freehold Plant and Motor property machinery vehicles Totals £ £ £ £ 3,419,857 303,804 25,525 3,749,186 82,880 17,799 100,679 (2,957) (5,700) (8,657) 3,419,857 383,727 37,624 3,841,208 205,488 186,183 15,263 406,934 19,380 45,076 7,016 71,472 (2,447) (5,130) (7,577) 224,868 228,812 17,149 470,829 3,194,989 154,915 20,475 3,370,379
	Plant and machinery £ 303,804 82,880 (2,957) 383,727 186,183 45,076 (2,447) 228,812 154,915	Motor vehicles Totals £ £ 25,525 3,749,186 17,799 100,679 (5,700) (8,657) 37,624 3,841,208 15,263 406,934 7,016 71,472 (5,130) (7,577) 17,149 470,829 20,475 3,370,379




3,214,369	117,621	10,262 3,342,252

DEBTORS: AMOUNTSFALLINGDUEWITHINONEYEAR
	2023	2022
	£	£
Trade debtors	681,548	625,940
Other debtors	17,987	10,387
Prepayments and accrued income	118,311	76,451
	817,846	712,778
CREDITORS:AMOUNTS FALLING DUEWITHINONEYEAR
	2023	2022
	£	£
Bank loans and overdrafts (see note 14)	46,161	11,928
Trade creditors	132,297	66,417
Social security and other taxes	133,711	143,025
Other creditors	429,283	377,958
Accruals and deferred income	27,334	32,197
	768,786	631,525
CREDITORS:AMOUNTSFALLINGDUEAFTERMORETHANONEYEAR
	2023	2022
	£	£
Bank loans (see note 14)	333,696	49,823
LOANS
An analysisofthe maturityofloans is given below:
	2023	2022
	£	£
Amounts falling due within one year on demand:
Bank loans	46,161	11,928
Amounts falling due between two and five years:
Bank loans - 2-5 years	182,821	47,709
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5yrby instal	150,875	2,114

Within one year Between one and five years Inmore than five years	2023 £ 45,493 116,777 162,270	2022 £ 45,493 144,550 16,667 206,710

Bank loans	2023 £ 379,857 2022 £ 61,751

At_114122_ £ Unrestrictedfunds General fund 2,611,727 Property Fund Designated 660,000 3,271,727 Restrictedfunds Covid 19 Property Fund Restricted 1,391,375 1,391,375 TOTALFUNDS 4,663,102	Net movement infunds £ (44,965) (44,965) 1,819 1,819 (43,146)	Transfers between funds £ 6,299 6,299 (1,819) (4,480) (6,299)	At 31/3/23 £ 2,573,061 660,000 3,233,061 1,386,895 1,386,895 4,619,956

Unrestrictedfunds General fund Restrictedfunds Covid 19 TOTALFUNDS	Incoming Resources resources expended £ £ 7,915,270 (7,960,235) 2,697 (878) 7,917,967 (7,961,113)	Movement in funds £ (44,965) 1,819 (43,146)

Unrestrictedfunds General fund Property Fund Designated Restrictedfunds Covid 19 Property Fund Restricted TOTALFUNDS		At114/21 £ 2,552,511 580,000 3,132,511 18,515 1,395,855	Net movement in funds £ 180,456 180,456 (64,235)	Transfers between funds £ (121,240) 80,000 (41,240) 45,720 (4,480) 41,240 At 3113/22 £ 2,611,727 660,000 3,271,727 1,391,375 1,391,375 4,663,102
		1,414,370 4,546,881	(64,235) 116,221

Incoming resources £ Unrestrictedfunds General fund 7,176,169 Restrictedfunds Covid 19 240,166 TOTALFUNDS 7,416,335		Resources expended £ (6,995,713) (304,401) (7,3002114) Movement in funds £ 180,456 (64,235) 116,221

Unrestrictedfunds General fund Property Fund Designated Restrictedfunds Covid 19 Property Fund Restricted TOTALFUNDS	At114/21 £ 2,552,511 5802000 3,132,511 18,515 1,395,855 1,414,370 4,546,881	Net movement in funds £ 135,491 135,491 (62,416) (62,416) 73,075	Transfers between funds £ (114,941) 80,000 (34,941) 43,901 (8,960) 34,941	At 31/3/23 £ 2,573,061 660,000 3,233,061 1,386,895 1,386,895 4,619,956

Unrestricted funds General fund Restricted funds Covid 19 TOTALFUNDS	Incoming resources £ 15,091,439 242,863 15,334,302	Resources Movement expended infunds £ £ (14,955,948) 135,491 (305,279) (62,416) (15,261,227) 73,075

INCOMEANDENDOWMENTS
Investmentincome
Interest Received
Charitableactivities
Fees Receivable
Training
Rents
Other
Otherincome
Gain on saleoftangible fixed assets
Sundry Income
Covid-19 Funding
Totalincomingresources
EXPENDITURE
Charitableactivities
Direct Staff Costs
Other Staffing Costs
Administration Costs
General Running Costs
Professional Fees & Support Costs
Property Costs
Freehold property depreciation
Plant & machinery depreciation
Motor vehicles depreciation
Loss on saleoftangible fixed assets
Bank loan interest
2023
£
1,968
7,497,560
11,475
352,119
34,682
7,895,836
1,950
12,387
5,826
20,163
7,917,967
6,386,778
200,701
70,203
97,990
154,344
495,759
19,380
45,077
7,016
1,080
14,089
7,492,417
Supportcosts
Management
SupportStaffCosts
468,696
Total resources expended
7,961,113
Net(expenditure)/income
(43,146)

2022
£
62
6,690,188
5,000
293,212
57,516
7,045,916
122,152
2,063
246,142
370,357
7,416,335
5,792,285
155,362
69,159
114,869
125,550
526,197
24,208
40,480
4,064
9,060
3,580
6,864,814
435,300
7,300,114
116,221