2022-12-31-accounts - Priory Project

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			Page
Report ofthe Trustees		1	to	2
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		5	to	6
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements		9	to	16
Detailed Statement ofFinancial Activities		17	to	18

RECONCILIATION	RECONCILIATION	OF NET INCOMF. TO NET CASH FLOW FROM	OF NET INCOMF. TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				31 12,22	31,12,21
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				92,881	76, 134
Adjustments for:
Depreciation charges				6,533	5,718
Interest received				(2,797)	(2,028)
Increase in debtors				(3,605)	(1,843)
Increase/(decrease)	in	creditors		7,383	(3,622)
Net cash provided	by	operations		100,395	74,359

				Notes to the Financial Statements	Notes to the Financial Statements	Notes to the Financial Statements
					for the Year Ended	31 December 2022
	DONATIONS	AND LEGACIES
							31.12.22	31.12.21
	Donations							lt)
	Grants							1,115
								1,114
	Grants received,	included	in	the	above, are as follows:
							31.12.22	31.12.21
	Other grants							1,115
3.	OTHER TRADING ACTIVITIES
							31 1222	31,12.21
	Shop income							607
4.	INVESTMENT	INCOME
							31.12.22	31.12.21
	Deposit account	interest					2,797	2,028
	INCOME FROM CHARITABLE ACTIVITIES
							31.12.22	31.12.21
					Activity
	Resident fees				Operation ofRegistered	Home	529,791	416,545
6.	RAISING FUNDS
	Investment management		costs
							31.12.22	31.12.21
	Support costs							4,843

7.	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 8)	Totals
	Operation ofRegistered	Home		416,425	24,270	440,695
8.	SUPPORT COSTS
					Governance
				Management	costs	Totals
					8
	Operation ofRegistered	Home		21,102	3,168	24,270
9.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated	after charging/(crediting):
					31.12.22	31.12.21
	Depreciation -owned assets				6,533	5,718
10.	TRUSTEES' REMUNERATION		AND BENEFITS

11.	STAFF COSTS - continued	STAFF COSTS - continued
	No employees received	emoluments	in excess of860,000.
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestncted
				fund
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			1,114
	Charitable activities
	Operation ofRegistered	Home		416,545
	Other trading activities			607
	Investment income			2,028
	Other income			2,269
	Total			422,563
	EXPENDITURE ON
	Raising funds			4,843
	Charitable activities
	Operation ofRegistered	Home		341,586
	Total			346,429
	NET INCOME			76,134
	RECONCILIATION	OF FUNDS
	Total funds brought forward			636,360
	TOTAL FUNDS CARRIED FORWARD			712,494

						31.12.22	31.12.21
	Trade debtors					11,890	8,588
	Prepayments	and accrued income				5,077	4,774
						16,967	13,362
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE				YEAR
						31.12.22	31.12.21
						8
	Trade creditors					401	888
	Social security		and other taxes			7,662
	Accrued expenses					2,700	2,492
						10,763	3,380
16.	MOVEMENT		IN FUNDS
						Net
						movemcnt	At
					At 1.1.22	in funds	31.12.22
	Unrestricted	funds
	General fund				712,494	92,881	805,375
	TOTAL FUNDS				712,494	92,881	805,375
	Net movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted	funds
	General fund				533,576	(440,695)	92,881
	TOTAL FUNDS				533,576	(440,695)	92,881

		Detailed Statement ofFinancial
		for the Year Fnded 31 December 2022
			31,12,22	31.12.21
INCOME AND	ENDOWMENTS
Donations and legacies
Donations				(I)
Grants				1,115
				1,114
Other trading activities
Shop income				607
Investment income
Deposit account	interest		2,797	2,028
Charitable activities
Resident fees			529,791	416,545
Other income
Other income			988	2,269
Total incoming	resources		533,576	422,563
EXPENDITURE
Charitable activities
Wages			340,870	252,944
Pensions			8,696	6,401
Housekeeping			15,378	15,282
Holidays for residents			6,306	947
Personal allowance			11,028	9,735
Light &heat			7,153	6,383
Rates &water			3,771	3,706
Insurance			3,938	3,844
Repairs &renewals			12,752	16,648
Depn offreehold	property		2,233	2,233
property			57	57
Depn ofplant &machinery			1,005	923
Depn offixture &fittings			1,931	1,143
Depn ofmotor vehicles			751	1,002
Depn ofcomputer	equipment		556	360
			416,425	321,608
Support costs
Management
Telephone			3,151	1,747
Carried forward			3,151	1,747

		Priory Project Limited
		Detailed Statement ofFinancial	Activities
		for thc Year Ended 31December 2022
				31.12.22	31.12.21
				f
Management
Brought forward				3,151	1,747
Stafftraining				1,999	2,655
Sundries				886	1,368
Motor expenses				4,477	2,282
Printing &stationery				2,260	2,273
Licences & subscriptions				1,691	4,751
DBSChecks				1,413	2,171
Bank charges				149	11
Legal fees				2,888	2,664
Professional	fees			2,188	2,188
				21,102	22,110
Governance	costs
Accountancy	fees			2,046	1,800
Payroll fees				1,122	911
				3,168	2,711
Total resources	expended			440,695	346,429
Nct income				92,881	76,134