2023-03-31-accounts - Croft Care Trust

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Trustees			Mrs A Edmondson
			Mr PJ Heath
			Mrs BPearce
			Miss S Edmondson
			Mrs C Hibbert
Charity	number		703194
Company		number	02516363
Registered		office	The Croft
			Hawcoat Lane
			Barrow in Furness
			Cumbria
			LA14 4HE
Auditor			JLWinder 8 Co
			Suite 6
			Furness Gate
			Peter Green Way
			Barrow in Furness
			Cumbria
			LA14 2PE
Bankers			NatWest
			113Dalton Road
			Barrow in Furness
			Cumbria
			LA14 1WY
			Furness Building Society
			51-55Duke Street
			Barrow in Furness
			Cumbria
			LA14 1RT

			Page
Trustees'	report
Statement	ofTrustees'	responsibilities
Independent auditor's		report	6-9
Statement	offinancial	activities	10
Balance sheet
Statement	ofcash flows		12
Notes to	the financial	statements	13-26

			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
		Notes	E	E	E	E
Income a owments	from:
Donations and legacies			47,984		47,984	127,049
Charitable activities			2,394,343		2,394,343	2,123,485
Other trading activities			7,881		7,881	47,533
investments			33,154		33,154	24,919
Other income			3,408		3,408	4,056
Total Income and endowments			2,486,770		2,486,770	2,327,042
Ex~ed'Igfe on:
Raising funds			43,222		43,222	88,636
Charitable activities		9	2,446,395	6,343	2,452,738	2,264,735
Other		13	4,321		4,321	588
Total resources expended			2,493,938	6,343	2,500,281	2,353,959
Net gains on investments		14	(95,089)		(95,089)	21,242
Net movement in funds			(102,257)	(6,343)	(108,600)	(5,675)
Fund balances at 1 April 2022			4,206,488	20,105	4,226,593	4,232,268
Fund balances at 31 March 2023			4,104,231	13,762	4,117,993	4,226,593

			2023		2022
		Notes	6		6
Fixed assets
Tangible assets		16		1,909,975		1,947,050
investments		17		1,883,860		1,971,095
				3,793,835		3,918,145
Current assets
Stocks		19	6,725		7,093
Debtors		18	99,856		80,646
Cash at bank and in	hand		376,862		391,897
			483,443		479,636
Creditors: amounts	falling due within	20
one year			(159,285)		(171,188)
Net current assets				324,158		308,448
Total assets less current liabilities				4,117,993		4,226,593
Income funds
Restricted funds		21		13,762		20,105
mUr~efigtgtLf~s
General unrestricted	funds	23	4,104,231		4,206,488
				4,104,231		4,206,488
				4,117,993		4,226,593

						2023		2022
					Notes			f
Cash flows from operating			activities
Cash generated from operations					26		12,535		109,642
Investing	activities
Purchase	oftangible fixed	assets				(53,400)		(34,373)
Proceeds	from disposal of	tangible		fixed
assets						530
Purchase	of investments					(2,039,248)		(180,994)
Proceeds	from disposal of	investments				2,031,394		229,548
Investment	income received					33,154		24,919
Net cash	(used in)/generated		from
investing	activities						(27,570)		39,100
Net cash	used in financing		activities
Net (decrease)/increase		in	cash	and cash
equivalents							(15,035)		148,742
Cash and	cash equivalents	at beginning			ofyear		391,897		243,155
Cash and	cash equivalents		at end of		year		376,862		391,897

5	Other tra	ding activities
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
				8
	Shop income		7,881	47,533
6	Investments
			Unrestricted	Total
			funds
			2023	2022
				F
	Rental income		8,122	6,984
	Dividends	received	22,903	17,517
	Interest receivable		2,129	418
			33,154	24,919
7	Other income
			2023	2022
	Income from staff meals		195	133
	Minibus	income	1,276	1,157
	Misc income		1,937	2,766
			3,408	4,056

				Unrestricted	Restricted	Total	Unrestricted
				funds	funds		funds
				2023	2023	2023	2022
				8	8	8	E
T~Ch
Operating	charity shop			12,846		12,846	48,891
Staff costs				11,719		11,719	19,067
Trading costs				24,565		24,565	67,958
Inves men	ma	emen
Investment	management		fees	15,050		15,050	16,071
Rental property		costs		3,607		3,607	4,607
				18,657		18,657	20,678
				43,222		43,222	88,636

Charitable activities
			2023	2022
			5	5
Staff costs			1,886,481	1,759,823
Depreciation and impairment Provisions			85,624 95,829	86,891 85,576
Hygiene and surgical supplies Rates and water			13,250 30,838	15,641 15,837
Fuel and light Insurance			65,359 30,287	57,589 25,792
Telephone Cleaning and laundry Waste disposal Equipment maintenance Property maintenance Garden maintenance			2,033 27,903 13,989 29,007 19,352 330	1,896 20,806 13,498 23,134 11,908 725
Repairs and renewals - Residents' welfare and	general DIY entertainment		42,621 1,372	48,996 3,058
TV licence fees and sundries			3,127	859
Recruitment and training	costs		18,154	12,485
Staff overalls and expenses Motor expenses Registration fees Office costs			16,066 3,404 9,247 43,502	19,032 4,899 9,801 29,724
Bank charges Payroll fees Legal and professional Accountancy and audit	fees fees		2,053 5,073 360 7,477	2, 126 4,745 2,874 7,020
			2,452,738	2,264,735
Analysis by fund Unrestricted funds			2,446,395
Restricted funds			6,343
			2,452,738
For the year ended 31 March Unrestricted funds		2022		2,161,458
Restricted funds				103,277
				2,264,735

11	Auditor's remuneration	Auditor's remuneration	Auditor's remuneration	Auditor's remuneration
	The analysis		ofauditor's		remuneration			is as follows:
											2023	2022
												E
	Audit ofthe	annual accounts									6,000	5,700
	Non-audit services
	All other non-audit services										1,440	1,260
12	Employees
	Number of	employees
	The average		monthly	number			of employees		during the year was:
											2023	2022
											Number	Number
	Residential	care									78	71
	Management		and administration								3	3
	Charity shop										1	3
											82	74
	Employment		costs								2023	2022
											E	E
	Wages and		salaries								1,706,581	1,616,582
	Social security costs										132,530	103,361
	Other pension costs										59,089	56,735
											1,898,200	1,776,678
	The full time		equivalent		staff		number	is 68	(2022- 65).
	The number		of employees			whose annual			remuneration	was E60,000 or more
	were:
											2023	2022
											Number	Number
	E60,000to	E69,999									1	1

Other
		2023	2022
Net loss on disposal oftangible	fixed assets	4,321
Interest on PAYE			588
		4,321	588

Net gains/(	loss	es) on investments
			Unrestricted	Total
			funds
			2023	2022
			8	6
Revaluation	of	investments	(248,630)	(7,595)
Gain/(loss)	on	sale of investments	153,541	28,837
			(95,089)	21,242

16	Tangible fixed assets	Tangible fixed assets
				Land and	Fixtures, Motor vehicles			Total
				buildings	fittings	8
					equipment
						E	E
	Cost
	At 1 April 2022			2,768,709	376,830		32,414	3,177,953
	Additions			19,600	15,311		18,489	53,400
	Disposals				(11,628)		(2,495)	(14,123)
	At 31 March	2023		2,788,309	380,513		48,408	3,217,230
	Depreciation	and impairment
	At 1 April 2022			907,350	291,513		32,040	1,230,903
	Depreciation	charged	in the year	55,474	29,625		525	85,624
	Eliminated in	respect	of disposals		(7,151)		(2,121)	(9,272)
	At 31 March	2023		962,824	313,987		30,444	1,307,255
	Carrying amount At 31 March 2023			1,825,485	66,526		17,964	1,909,975
	At 31 March	2022		1,861,359	85,317		374	1,947,050
17	Fixed asset	investments
							2023	2022
							E	E
	Investments						1,883,860	1,971,095
	Movements	in fixed	asset investments
								Shares
								E
	Cost or valuation
	At 31 March	2023						1,971,095
	Additions							2,039,248
	Valuation changes							(248,630)
	Disposals							(1,877,853)
	At 31 March	2023						1,883,860
	Carrying amount At 31 March 2023							1,883,860
	At 31 March	2022						1,971,095

18	Debtors
					2023	2022
	Amounts falling due		within one year:		E	E
	Trade debtors				9,167	586
	Other debtors					940
	Prepayments	and accrued income			90,689	79,120
					99,856	80,646
19	Stocks				2023	2022
					E	E
	Stock				6,725	7,093
20	Creditors: amounts		falling due within one year
					2023	2022
					E	E
	Other taxation	and social security			29,662	27,981
	Payments received on			account	41,834	38,210
	Trade creditors				19,711	11,661
	Other creditors				37,377	67,453
	Accruals and	deferred		income	30,701	25,883
					159,285	171,188

		Movement in funds	Movement in funds
	Balance at 1 April 2021	Incoming resources	Resources expended	Transfe	rs	Balance at 1 April 2022	Resources expended	31	Balance at March 2023
	E	E	E		E	E			E
COVID-19
support grants		112,475	(101,661)	(592)		10,222	(4,697)		5,525
Morrisons
garden grant	1,115					1,115			1,115
Restricted
fixed assets	9,792		(1,616)	592		8,768	(1,646)		7,122
	10,907	112,475	(103,277)			20,105	(6,343)		13,762

Analysis	of	net assets	between funds
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
			E	E	E	E	E	E
Fund balances at 31
March 2023		are
represented		by:
Tangible	assets		1,902,853	7,122	1,909,975	1,938,282	8,768	1,947,050
Investments			1,883,860		1,883,860	1,971,095		1,971,095
Current	assets/(liabilities)		317,518	6,640	324,158	297,111	11,337	308,448
			4,104,231	13,762	4,117,993	4,206,488	20,105	4,226,593

			II/lovement	in funds
	Balance at 1	Increase	Decrease	Transfers	Revaluations,	Balance at 31
	April 2022				gains and losses	March 2023
			E	E	E	E
General	374,034	2,486,770	(2,493,938)	28,020		394,886
Security	1,971,095			7,854	(95,089)	1,883,860
Property	1,861,359			(35,874)		1,825,485
	4,206,488	2,486,770	(2,493,938)		(95,089)	4, 104,231

Operating	lease commitments	lease commitments	lease commitments
At the reporting		end date	the Charity had	outstanding	commitments	for future	minimum	lease payments	under
non-cancellable		operating	leases, which	fall due as	follows;
								2023	2022
								E	E
Between	two and five years							11,519	16,121

Remuneration of	key management	personnel
The remuneration	of key management	personnel	is as follows.

The remun	eration of key management personnel is as	follows.
		2023	2022
		E	E
Aggregate	compensation	217,618	217,231

26	Cash generated from operations			2023	2022 6
	Deficit for the year			(108,600)	(5,675)
	Adjustments for:
	Investment income recognised in statement	offinancial	activities	(33,154)	(24,919)
	Loss on disposal oftangible fixed assets			4,321
	Gain on disposal of investments Fair value gains and losses on investments Depreciation and impairment oftangible fixed assets			(153,541) 248,630 85,624	(28,837) 7,595 86,891
	Movements in working capital:
	Decrease in stocks			368	4,472
	(Increase)/decrease in debtors (Decrease)/increase in creditors			(19,210) (11,903)	1,455 68,660
	Cash generated from operations			12,535	109,642
27	Analysis ofchanges in net funds
	The Charity had no debt during the year.