Charity Registration No. 1140242
Company Registration No. 07394756 (England and Wales)
Preston Bethany Care
Annual Report and Financial Statements
For the Year Ended
31 March 2024
PRESTON BETHANY CARE
Preston Bethany Care
LEGAL AND ADMINISTRATIVE INFORMATION
Operating name
Bethany House
Trustees
Ms J Kay (Chairperson)
Mr A Wright
Mr S Henderson (Treasurer)
Dr. P Johns
Miss. S Etherington
Home manager
Mrs C Garsyth to April 2023
Mrs E Kneale from June 2023
Charity number
1140242
Company number
07394756
Registered office and
Bethany House
operation address
Gamull Lane
Preston
Lancashire
PR2 6TQ
Auditor
Azets Audit Services
Floor 1, Capital House
8 Pittman Court, Pittman Way
Fulwood
Preston
Lancashire
PR2 9ZG
United Kingdom
PR2 9ZG
Bankers
HSBC Bank Plc Preston
49a Fishergate
Preston
Lancashire
PR1 8BQ
Kingdom Bank
Ruddington Fields Business Park
Mere Way
Ruddington
Nottingham
PRESTON BETHANY CARE
Preston Bethany Care
LEGAL AND ADMINISTRATIVE INFORMATION
Furness Building Society
51 - 55 Duke Street
Barrow in Furness
Cumbria
Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL
Unity Trust Bank
Four Brindley Place
Birmingham
B1 2JB
The Charity Bank Ltd
Fosse House 182 High Street
Tonbridge
TN9 1BE
Cumberland Building Society
90 Fishergate
Preston
PR1 2NJ
Solicitors
Napthens Solicitors
7 Winckley Square
Preston
United Kingdom
PR1 3JD
PRESTON BETHANY CARE
Preston Bethany Care
CONTENTS
Page
Trustees' report
1 - 5
Statement of trustees' responsibilities
6
Independent auditor's report
7 - 9
Statement of financial activities
10
Balance sheet
11
Statement of cash flows
12
Notes to the financial statements
13 - 21
PRESTON BETHANY CARE
Preston Bethany Care
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Preston Bethany Care (PBC) is entirely operated by volunteer director/trustees who provide oversight of the charitable and company requirements for the operation of Bethany House residential care home. The director/trustees also aim to widen the reach and care provided to the elderly within the local Christian community.

Bethany House is a comprehensively equipped residential care home for the elderly, staffed entirely by professional management and care staff. Bethany House objectives are to provide care to all residents to a standard of excellence which embraces fundamental principles of Good Care Practice, and that this may be witnessed and evaluated through the practice, conduct and control of quality care in the home.

Bethany House is a Christian Home that upholds the principles outlined in the Statement of Faith of the Evangelical Alliance. Respect and assistance are given to enable each resident to follow their faith during their time living at Bethany House and to encourage them to continue living and serving their particular local church.

During FY2023/24 Covid 19 has had far less operational impact than during FY2022/23

The home is managed by a general manager together with two care managers and administrative support.

Bethany House staff team are supported and professionally trained to:

PRESTON BETHANY CARE
Preston Bethany Care
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

The above objectives are achieved by:

 

The director/trustees aim to provide sufficient resources to ensure the Bethany House staff team:

 

The director/trustees recognise the importance that the staff team fulfil in terms of delivering high quality resident care. In recognition of the staff roles the director/trustees are continually reviewing and improving the environment and conditions in order to enhance staff engagement and satisfaction.

 

Fundamental Ethos of PBC

 

PBC’s fundamental ethos are that residents who live in Bethany House should be able to do so in accordance with the PBC’s Statement of Values which include the following key requirements, to:

The director/trustees recognise the significance and value of Charity Commission (CC) guidance and they aim to incorporate CC guidance and recommendations within their oversight roles.

PRESTON BETHANY CARE
Preston Bethany Care
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Public benefit

PBC recognise the importance of providing benefits to the communities that the charity serves. Guidance provided by the Charity Commission specifically identifies requirements to provide “public benefit”. PBC fulfils this Public Benefit duty via a number of concurrent initiatives, including:

 

The current director/trustees (like their predecessors) recognise that:

 

Achievements and performance

Although the impact of Covid 19 has reduced significantly during FY2023-24. There has continued to be periods of time when positive tests have impacted on normal life.

The following commentary provides an overview of the progress compared to the 2023-24 objectives.

 

PBC Objectives for 2024/25

Continue to strengthen the charity board of directors to establish a team of individuals who will:

 

Financial review

The accompanying accounts show a surplus for the year of £67,474. This surplus is due to occupancy levels in the year boosting income.

 

The attached accounts show the current state of the finances which the trustees consider to be sound. The trustees are satisfied that the assets of the charity are available and adequate to fulfil the obligations of the Charity. They are also satisfied that the accounts comply with current statutory requirements and with the Trust Deed.

PRESTON BETHANY CARE
Preston Bethany Care
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

Reserves policy

In accordance with guidelines issued by the Charity Commission the level of reserves is considered and reviewed at regular intervals by the trustees. The trustees have previously adopted a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity, should be broadly equivalent to 12 months of expenditure. This level of reserves has been set because of the unknown impact on future years of COVID-19 and inflation. For the current year this would be in the region of £1,100,000 and the current free reserves of the charity are £1,049,619 (Note 16).

 

Under the Trust Deed, the charity has the power to invest any surplus liquid funds as the directors/trustees see fit. The charity has had a policy of keeping such funds in short and medium term deposits which allows the charity to access the funds rapidly.

Risk Review

The director/trustees recognise the crucial role that they fulfil in minimising risks to the charity and the community they serve.

During 2023-24 the director/trustees used the Charity Commission (CC) guidance to continue with their risk mitigation of PBC risks: The review identified a variety of risks and the associated mitigations, the most significant finding/conclusions are summarised below:

 

Identification and mitigation of major risks:

 

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 2nd October 2010 and registered as a charity in February 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its articles of association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

 

The company was formed to take the assets and responsibility for management of the residential care home Bethany House. This was previously operated for many years by Preston Bethany Trust, a charity founded in March 1981. On 1st April 2011 the assets and responsibility for management of Bethany House was transferred from Preston Bethany Trust to Preston Bethany Care, and subsequently Preston Bethany Trust was removed from the Charity Commission register of charities.

PRESTON BETHANY CARE
Preston Bethany Care
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -

The trustees who served during the year were:

 

Ms J Kay (Chairperson)
Mr A Wright
Mr S Henderson (Treasurer)
Dr. P Johns
Miss. S Etherington

Appointment of Trustees

The existing trustees are approaching charities in the local area to promote an awareness of Preston Bethany Care in the search for new trustees. A short video has been produced explaining the care Preston Bethany Care provides and what it means to be a trustee.

 

Trustees are elected to serve for a period of three years after which they must be re-elected. All trustees give their time voluntarily and receive no benefit from the charity.

 

Trustee induction and training

On appointment new trustees are inducted in the workings of the charity and provided with a directors pack which has the last accounts and minutes of trustee meetings. Information on the role and responsibilities of a trustee is given by provision of appropriate Charity Commission information. All trustees receive a DBS check prior to taking up responsibilities.

Auditor

Azets Audit Services were appointed as auditor to the company and a resolution proposing that they be re-appointed will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Ms J Kay (Chairperson)
Trustee
9 September 2024
PRESTON BETHANY CARE
Preston Bethany Care
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -

The trustees, who are also the directors of Preston Bethany Care for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these accounts, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and

 

- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

 

PRESTON BETHANY CARE
Preston Bethany Care
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PRESTON BETHANY CARE
- 7 -

Opinion

We have audited the financial statements of Preston Bethany Care (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

PRESTON BETHANY CARE
Preston Bethany Care
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PRESTON BETHANY CARE
- 8 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-
certain disclosures of trustees' remuneration specified by law are not made; or
-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

PRESTON BETHANY CARE
Preston Bethany Care
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PRESTON BETHANY CARE
- 9 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

 

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.  This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

 

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

 

 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Julie Flintoff BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Azets Audit Services
16 September 2024
Chartered Accountants
Statutory Auditor
Floor 1, Capital House
8 Pittman Court, Pittman Way
Fulwood
Preston
Lancashire
United Kingdom
PR2 9ZG
PRESTON BETHANY CARE
Preston Bethany Care
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:

Donations, legacies and grants

2
1,220
-
Charitable activities
3
1,084,338
934,369
Investments
4
14,334
6,175
Total income
1,099,892
940,544
Expenditure on:
Charitable activities
5
1,032,418
898,926
Net income for the year/
Net movement in funds
67,474
41,618
Fund balances at 1 April 2023
1,394,270
1,352,652
Fund balances at 31 March 2024
1,461,744
1,394,270

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
PRESTON BETHANY CARE
Preston Bethany Care
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 11 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
10
340
407
Tangible assets
11
411,685
399,243
412,025
399,650
Current assets
Debtors
12
8,258
5,573
Cash at bank and in hand
1,113,769
1,046,910
1,122,027
1,052,483
Creditors: amounts falling due within one year
13
(72,308)
(57,863)
Net current assets
1,049,719
994,620
Total assets less current liabilities
1,461,744
1,394,270
Income funds
Unrestricted funds - general
Designated funds
15
412,125
399,650
General unrestricted funds
1,049,619
994,620
1,461,744
1,394,270
1,461,744
1,394,270
The financial statements were approved by the Trustees on 9 September 2024
Mr S Henderson (Treasurer)
Trustee
Company registration number 07394756
PRESTON BETHANY CARE
Preston Bethany Care
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
21
76,364
73,212
Investing activities
Purchase of tangible fixed assets
(23,839)
(8,321)
Investment income received
14,334
6,175
Net cash used in investing activities
(9,505)
(2,146)
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
66,859
71,066
Cash and cash equivalents at beginning of year
1,046,910
975,844
Cash and cash equivalents at end of year
1,113,769
1,046,910
PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
1
Accounting policies
Charity information

Preston Bethany Care is a private company limited by guarantee incorporated in England and Wales. The registered office is Bethany House, Gamull Lane, Preston, Lancashire, PR2 6TQ, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used.

1.4
Income

Incoming resources from charitable activities comprise resident fees accounted for in the period to which the service is provided. Fees paid for care after the year end are carried forward as deferred income.

Voluntary income received by way of donations is included in incoming resources on a receivable basis.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants receivable are recognised on a performance basis when all conditions have been fulfilled.

Investment income in the form of bank interest is credited when receivable.

 

PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 14 -
1.5
Expenditure

Expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered.

 

The expenditure on charitable activities includes the costs of running the home, support and governance costs which have been allocated to the only charitable activity which is the provision of care to residents of Bethany House.

Governance costs comprise all costs including the public accountability of the charity and it's compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with trustee insurance.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trade marks
10% Straight line
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

 

The trustees do not apply a minimum value on items that will be recognised as fixed assets. The trustees review the fixed assets and the general decor of the home on a quarterly basis and implement a policy of repairs or replacement as necessary in the best interests of the charity.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the life of the lease
Plant and equipment
15% Straight Line
Fixtures and fittings
20% Reducing Balance
Computers
33.3% Straight Line
Furniture and equipment
20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9
Cash at bank

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 15 -
1.10
Financial instruments

The charity only has financial assets (debtors, cash and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. They are initially recognised at transaction value and subsequently measured at their settlement value.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

The company operates a defined contribution scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions are charged as an expense as they fall due.

1.13

Value added tax

VAT is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.

2

Donations, legacies and grants

Unrestricted
Total
funds
2024
2023
£
£
Donations and gifts
1,220
-
3
Charitable activities
2024
2023
£
£

Residential fees

1,084,338
934,369
4
Investments
2024
2023
£
£
Interest receivable
14,334
6,175
PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
5
Charitable activities
2024
2023
£
£
Staff costs
756,964
689,341
Depreciation, amortisation and loss on dispoal of fixed assets
11,464
14,431

Food & consumables

62,598
55,157

Heat & light

82,920
56,614

Rates

6,997
6,702

Rest home insurance

9,606
9,166

Registration & other fees

9,470
9,529

Telephone

811
1,773

Printing, postage, stationery & advertising

4,112
3,721

Repairs & renewals

44,349
22,237

Motor expenses

467
291

Miscellaneous

2,145
2,549

Gardening

4,079
3,621

Clinical waste

6,215
5,352

Quality assurance costs

5,947
2,285

Training

4,656
1,217
Bank charges
193
189
Governance costs:
Accountancy
5,824
5,632
Independent examination/audit
5,000
2,600
Legal and professional
6,072
4,362
Trustee insurance
2,529
2,157
1,032,418
898,926
Analysis by fund
Unrestricted funds - general
1,032,418
1,032,418
For the year ended 31 March 2023
Unrestricted funds - general
898,926
898,926
6
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

 

Insurance premiums during the year amounting to £2,529 (2023: £2,157) were incurred by the charity in respect of indemnity insurance for the trustees.

 

During the year the charity paid Stephenson & Wright Limited £6,454 (2022: £2,190). Andrew Wright, a director and trustee, is a director and shareholder of this company. The expenditure is shown within fixed assets £Nil (2023: £1,363) and repairs £6,454 (2023: £827). No amounts were outstanding at the year end.

PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
7
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Management and administration
4
3
Catering
4
7
Care assistants/nurses
32
30
Pastoral care
1
1
41
41
Employment costs
2024
2023
£
£
Wages and salaries
739,910
672,765
Other pension costs
17,054
16,576
756,964
689,341
There were no employees whose annual remuneration was £60,000 or more.
8
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9
Auditor's remuneration
Fees payable to the charity's auditor and associates:
2024
2023
£
£
Audit of the charity's annual accounts
5,250
-
Non-audit services
Other assurance services
-
2,600
All other non-audit services
4,320
4,320
Total non-audit fees
4,320
6,920
PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
10
Intangible fixed assets
Trade marks
£
Cost
At 1 April 2023 and 31 March 2024
670
Amortisation and impairment
At 1 April 2023
263
Amortisation charged for the year
67
At 31 March 2024
330
Carrying amount
At 31 March 2024
340
At 31 March 2023
407
PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
11
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Furniture and equipment
Total
£
£
£
£
£
£
Cost
At 1 April 2023
525,807
105,677
162,165
22,237
4,378
820,264
Additions
-
8,789
14,225
825
-
23,839
Disposals
-
(2,520)
-
-
-
(2,520)
At 31 March 2024
525,807
111,946
176,390
23,062
4,378
841,583
Depreciation and impairment
At 1 April 2023
149,130
100,226
145,780
22,237
3,648
421,021
Depreciation charged in the year
6,142
1,457
3,513
113
172
11,397
Eliminated in respect of disposals
-
(2,520)
-
-
-
(2,520)
At 31 March 2024
155,272
99,163
149,293
22,350
3,820
429,898
Carrying amount
At 31 March 2024
370,535
12,783
27,097
712
558
411,685
At 31 March 2023
376,677
5,451
16,385
-
730
399,243
PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
12
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
8,258
5,573
13
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
9,674
8,440
Accruals and deferred income
62,634
49,423
72,308
57,863
14
Deferred income
2024
2023
£
£
Residents Fees Received In Advance
17,455
27,915
15
Designated funds
Balance at
1 April 2022

Resources expended

Transfers

Balance at
1 April 2023

Resources expended

Transfers

Balance at
31 March 2024
£
£
£
£
£
£
£
Fixed assets
405,760
(14,431)
8,321
399,650
(11,464)
23,939
412,125
405,760
(14,431)
8,321
399,650
(11,464)
23,939
412,125

The general reserve is the free reserves of the charity after allowing for all designated funds.

 

The designated fixed asset fund is the value of the unrestricted funds represented by the tangible and intangible assets of the charity.

 

The resources expended represents the annual depreciation charge, amortisation charge, and the disposal of the fixed assets.

 

The transfer from the free reserves arises when funds are spent on fixed assets.

 

 

PRESTON BETHANY CARE
Preston Bethany Care
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 21 -
16
Analysis of net assets between funds

General reserves

Designated reserves

General reserves

Designated reserves

2024
2024
2023
2023
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Intangible fixed assets
-
340
-
407
Tangible assets
-
411,685
-
399,243
Current assets/(liabilities)
1,049,719
-
994,620
-
1,049,719
412,025
994,620
399,650
17
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2024
2023
£
£
Aggregate compensation
50,398
58,177

 

18
Taxation

The charity is exempt from tax on its charitable activities.

19
Company limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of members in the event of a winding up is limited to £10 per member.

20
Analysis of changes in net funds

The charity had no debt during the year.

21
Cash generated from operations
2024
2023
£
£
Surplus for the year
67,474
41,618
Adjustments for:
Investment income recognised in statement of financial activities
(14,334)
(6,175)
Depreciation and impairment of tangible fixed assets
11,464
14,431
Movements in working capital:
(Increase)/decrease in debtors
(2,685)
7,884
Increase in creditors
14,445
15,454
Cash generated from operations
76,364
73,212
2024-03-312023-04-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2073947562023-04-012024-03-3107394756bus:Director12023-04-012024-03-3107394756bus:Director22023-04-012024-03-3107394756bus:Director32023-04-012024-03-3107394756bus:Director42023-04-012024-03-3107394756bus:Director52023-04-012024-03-31073947562024-03-31073947562023-03-31073947562022-04-012023-03-3107394756bus:FRS1022023-04-012024-03-3107394756bus:Audited2023-04-012024-03-3107394756bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP