() havencare
homes and support
TRUSTEES ANNUAL
REPORT
2023
Ti'iistClLJS Aniiu'il Rei?()rt and finAnLial St'Ilc'i)It)nts l ear
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|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)|
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|Service|Rating
Safe
Effective
Responsive
Well-Led
Caring
*
Outshmding||
|---|---|---|
||Safe||
|SupportedLiving Plymouth&
Devon|||
|SupportedLiving Cornwall|||
|Deanbrook|||
|TheFirs|||
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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 ma*rial 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 sts*menrs 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||
##
|9.
COMPARATIVESFORTHESTATEMENT
INCOMEAND ENDOWMENTSFROM
Charitableactivities
Supported Living
Investment income
Other income
Total
EXPENDITUREON
Charitableactivities
Supported Living
NETINCOME/(EXPENDITURE)
Transfersbetween funds
Net movement in funds
RECONCILIATIONOFFUNDS
Total funds brought forward
TOTALFUNDS CARRIEDFORWARD
10.
TANGIBLE FIXED ASSETS
COST
At1April2022
Additions
Disposals
At31March2023
DEPRECIATION
At1April2022
Charge for year
Eliminated on disposal
At31March2023
NETBOOKVALUE
At31March2023
At31March2022|9.
COMPARATIVESFORTHESTATEMENT
INCOMEAND ENDOWMENTSFROM
Charitableactivities
Supported Living
Investment income
Other income
Total
EXPENDITUREON
Charitableactivities
Supported Living
NETINCOME/(EXPENDITURE)
Transfersbetween funds
Net movement in funds
RECONCILIATIONOFFUNDS
Total funds brought forward
TOTALFUNDS CARRIEDFORWARD
10.
TANGIBLE FIXED ASSETS
COST
At1April2022
Additions
Disposals
At31March2023
DEPRECIATION
At1April2022
Charge for year
Eliminated on disposal
At31March2023
NETBOOKVALUE
At31March2023
At31March2022|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|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|
|---|---|