REGIsfERED Coh1P￿ryy hlTrlBER: 02500924 (England WaIes) REGisfERED CHARrrY ThlY*lBER: I1￿1348 REpoirr OF THE TRusfEES AND AUDrfED FII*AliCIAL STATEMENTS EIIIED 31 K4RCH 21121 FOR AGE CE)TRE TRLSI LLIIIIED Boningtw Limited Abbey Ctyjrt Higb Styed y￿>rt Sbrop5btre IFIO 7BW YJRT co￿AGE C4RE CEhTrE TRIST LfNIITED CO.VTENTS OF THE FIN￿NCIAL sfATF.MF FOR 21 Page Report ofthe Trustees StatemeDt ofFkn¢l￿ACts￿itIQ1 6 to 7 Notes to the Fln8nd81 Statejn 8 to 13 14 to 15 NEWPORT SHROPSH co￿A¢.E CARE RKVEREJ'CE ADNIDisfiL4TtI£ DEfAILS 'ORIWE. YE.4R Eh"DED liewport (Shropshire) C(we Care C£ntr Lirnited D￿eCtOrS O￿l¢erS Dr. N.J. Tindall. Ch2trrnall Mr. P. A￿OWS￿ith M￿. MA Brotherton Mr. D. Clancy Mr. IL Fellows Mrs. B. Gough Mr. T.C. Hannon Mr. S HatlersL¢y Mr R. Laidler MT. L C. Norton Mr. D. K. Shaw Mrs. JE. Sh¢ppard Mrs. D. Wdtsun-lonas Ur5. B. widlan￿1n Mrs. Mji. Wo(xlcock Mr& J.V. BuTk¢ Mr. RAFotrrsttt COMPL¥Y SECREfARY MrKCNorto REGISTERED OFH NeW￿)rt Co￿ge Care Centre Upptt Bar Newport Shropshire TFIO 7EH AccoiNfAN15 Barringtons Limited Chanered A￿O￿n&￿ts 6 Abiw Coun High Street Newport Shr￿5￿1 TFIO 7BW Lioyds TSB Bank pl¢. 95 High Strett Newport Shrop5hirc TAO 7AZ Page I SBROFSHll COThAGE CLJTRE TRUST LrnltrED REpoRf OF THE. TRLTsfEES THE IE.4R ENTED 31 WCH Th¢ Truste£s whts are also d]r￿torS of the ￿>rnpanY prwt their ADnual Rq￿rt togth with the utLaudit&J FiDW)cial Statements of the company. The objediv¢ for the coropany is the rejief care and assistrwe of pffsoTrS iTf¢4xctiv¢ of colour, raee or treed SLttYering from any fomi of Sicklle￿ or iDcapa¢ity aDd the ad¥2ll¢eina]t of edlleation provisioll of kilities Ill the interests Df social wdfare for rttreatioll and leisjre titDe (Wion for the tenefii of the commuDity in the Newport {Shropshire) District and surrouttding neighbourtithxl. The ¢(￿panY'SprInCIpal activity is th&of non resId￿tial Meand also maintsining prLyef4y in a5￿lation￿Ith tbe League of Friends. PUBLIC BENE￿ The public benefits from the activities of the Trnsr the ￿ its on tbe hea]th and well-being of the itthabitallts of ￿t￿pOrt and svrrounding aTea8. Althougb 3CUWities are lin)li￿ geographi(xUy, th£ Tr￿st th)es not discri￿l￿at¢ on the grtmttds of personaI ba¢kgr(Nind fatlL gender. age or&￿r￿nal ¢iTcumth ACHIETrL%￿Nr AND PERFORMANCE As a result of the CoroE]Avirus outbr&th in the Llniied Kingdotn th¢ CeJJtre w&5 closql to clients fi¥>￿ 19th March 2020 until 7th June 2021 covering the whole of the pui(d cos'etrd by this Fortu¢JateJy T¢if(￿d & Wr¢kin Council still paid for Daycare fees for April, May & JuDe 2020 to betp coverthe Cenrre's costs. All Trust Staff wcre rdainedundertlLC CoronaviTU5 J￿Retention Scheffle. The Centre hAS rewed th￿illg June 2021 with a dmitoj llun￿ of clients 'social dist4n¢ing' ¢onditions. Th¢ clients and +he staff caring fortlketll bave beeD fully vacciDated. Client numbers will be auowedto increase in X¢A)rdan¢e with UKlk>vanTnetkt regut*ioJLs. The directors are of the OPiDion that the Trust is finar￿t￿tY stable and h&s raained adewe c&sb resOU￿e5 throughout the yearunder revi¢w FINANCIAL REVIEW In 2021. the company generated total illCOELe of L?61555. OpmtiD& ma￿ellt and &d￿l￿￿ve CXP¢T￿e$ of £253,832 tr8ult¢d in an* pwfit in fi]nds of4723. RESIRVES POUCY AND IUSK TrLIN.4GEIILYr It i5 the poliGy of tbt charity to rtLaitLtaiu unrtstricted fi]Dd& which are the frce reserves of the charity, at a leYe] which equate to approximately thre¢ months urLrestri¢ted ¢xpen(tith. tn addiuon the ttustees believe it prudent to retain ￿dItIOnal reseryes to allow for ¢ontitigencies. This provides sufficieni ￿tt￿$ to Cover mana¥em¢nt aDd th]￿l￿tration alld su'pport costs. Unre&ricted fuDd5 w￿e mallltatt￿ at all ￿ceptable level through(pJt the year. trustees have reviewed the major risks to which the ¢harity is eKIK)s￿ systems of prcyedures ond ¢ontff)Is ar¢ in place to mitigate tknse risks and appiopriate i]wj[a￿ been taken OUL Jn ]ille with best prn¢tice t￿￿ policie6 wlll be reviewed on allllual ksis. STRticfuRE, GOVKRfiANCK AND M￿AGEmENr The company is limited by gua13n￿¥ aryd eath TnJs*ee Dir￿ Und0tak￿ to contrilyjte an amount not exceAling £5 i the event of thc company being wound up. Day.ttrday mana¥etncnt of the (￿MpanY ts undethby the Ceotsemanagu Kerry Nolart. The Tn￿ge$ m¢Et fomally on are8ular b&%i$ to revi¢w affairs and financial puf(rmartt of the eomparly. TDJst&5 are recruited from tbe IiThl ￿ are ap￿)1￿￿￿ by the CKiSting trusttts alld are lodu￿OI into the role by the Page 2 NETr4TORT SHROPSIIIRE COTTAGE CARE CEliTRE TR ' TLL REPORT OF THE TR ' YEAII LN'DED REFERENCE AND ADMINISTRATIVE DETAIts Th¢ company is r¢gistered as a company ]imited by guaTantce undcr nutDkr 251K)924 8nd as a eh2rity under number l(K)1348 TbeDirtttors during the y￿r were: Dr. N.J. T￿da11- Chw'maa Mr. P. Artowsrnith MTh. M.A. Brothcrton Mr. D. Clancy Mr. R. Fellows Mr& B. Gough Mr. T.C. Har￿on Mr. S H￿ersItY Mr R. Laidler Mr. K. C. Norton Ur. D. K Shaw Mrs J.E. Sheppard Mr& D. ￿rats9￿-jQ￿4 Mrs, B. WilliatiLbOD Mrs. MR. Woodc{￿k Mr8. J.V. Burke Mr. E.A Forr£ster Mr. P Atrowstntth, Mr. R Fcllow5, Mr. TC Nfr. R Laidler. Mrs JE S]wwd and M]¥ MR Wocdcock rdire by rotatiorL iD accordance with the Company'5 Arti¢les of Aw￿lation ztMI it is PrO￿¢d thattwbe re be reathed. Mr AM Bridge FCA ICAEW B￿Ti￿gEOnS Limited High Strn Newport Shropshire TFIO 7BW Date.. 119121 Page4 NEWPORT LNTRE corrAGE CARE LLMrrED ATE.IIEYr IL4TI)G Ih" IL EXPLYDI FOR THE YEAR LYDED 31 MARCH co 21 2021 Total funds 2020 Tot41 funds Ullre6tri¢ted RestriLted funds IPICOME AND E.NDOWMENTS FROM Don*ions and legxies 38,019 iO,(KKJ 48.019 97,399 Charltable A¢tlvEtles Charithl¢Artivities 208236 208,236 263,810 Oth¢r trading activitic Invcstmcnt iiicoitiB 6275 25 6,275 25 11,838 53 25? 555 io.( 262.555 373,100 EXPENDrrLIIE ON Raising fill￿5 1695 1695 5,807 Ch4rit8ble •¢tiviti Ch&ritable Activities 255,147 15,990 251,137 341,￿9 Totsl 137.842 IS.9￿} 253.832 347,456 NET INCO.IIFJIEXPKND￿￿i￿) 14,713 (5,990) 8,723 25,644 RECONCItJATION OF Fuf4DS Trtal fund8 brought forward 264.958 38>254 650212 624,568 279,671 379264 658.935 650212 The ￿t$ fom part of fUja￿la1 Page 5 .NEIITORT SHR AGE CARE c￿￿ fRL I"RLS"r Li￿l[l.￿D JI MARCH 2021 2021 Totsj 2020 UllK5trict fi￿d funds funds FIXED ASSETS Tangible assets 12 147.123 355.097 502,220 526,445 Dd>tor5 C&gh * bank and ill hand 13 3,)89 141,578 3,589 165,746 19,175 113,801 24,168 145.167 24,168 169,335 132,976 Arnounts falling duewithin on¢ yur 14 (12.619) (i) (11620) (9209) 131548 24,167 156,715 123,767 TOTAL ASSETS CURREh 279.671 379264 658935 650,212 NET ASSETS q79,671 379264 658,935 650,212 Ftir4DS Utyrestricted fund5 R£%tricted funds 15 279,671 379,264 264,958 385.254 658,935 650,212 The charitsble company is entided to exempti￿ auth"t undcr ￿10￿ 477 of the Companirs AGt 2006 for the year ended 31 Mor¢h 2021. The m&Trbers have not Tequired the company to obtsin an JJdit of its fillallcial StatE￿£￿ts for thc year Ended 31 March2021 in ￿cordanCe with Sectioll476 of the Companies Act2(KlS. Thetn￿e¢S acknowledge their rcspon5ibilities for (a) ells￿1￿g that the ¢1￿ltable cimipany keqis rnting Tecords tbaÉ comply with Se¢ti(w 386 and 387 of the Compauies Act 20(X5 w)d pr¢paring flnan¢iai statemcDts which give a tn]e atml fatr iiew of the State of affairs of the chatitsble cornpally as at the end of &ich financial year aod of its swplus or deficit for rach fiDanciai year in awDrdancc with thc rwuirements of Sectiolls 394 alld 395 and whtcb ot]JcThvi* cotDply with the rquirelljents of the Coinpanies Act re]ating to finaDcial statLThCDt4 ￿ far&s applicable to the charitable compally. Ib) The forrtt part 0fthL￿e fiDattial ￿aleMenL£ Pagc6 continued.. IY)RT COTTAGE YCE SHEET. toDthiued H 2021 These financial stat¢DieJts bav¢ bu prryared in with the prOVi￿on$ app]ieable to tbaritable ¢ompanies subj¢ct to tbe S￿all coD]patitcs rryme. Thc financial stater￿ents were approved by the Board of Tnt5tees alld authorised for issue i.%.AM. . We￿ sigll¢d on its behalf by. KC Norton. T￿￿￿% The llotes foym part of finwial staternellts Pdge 7 SHROPSBTrE co￿AGLeARE CE.NTRE TRbST LThItT NOTES TO ThE FLYL)CIAL Yk.AR LryDED H 2021 ACCOUNfllYG POLICIL The financial statements of the ¢haNiable COmEWiy, vthich is a publtc benefit entity ullder FRS 102. have been PrePa￿d tn accordance with the c&￿1￿cS SORP (FRS 102) 'Accounung 8JMI ReFrt)rting by Chartiics." Ststement of Recomm¢nd¢d Practice applicable to ¢hariti£s prq)ariDg tbeir aCC￿￿ts in ￿cOrdanCe with the FiTwicizI RcpDrtitig Stalldard applicable in tbe UK and Republic of treland (FRS 102) (effective l January 2019),. FinatLcial Reporting Standard 102 Tr FtllaDcial Rew>rting Standard 4)plicable in the UK alld Republic of Ireland. and the Companies Aet 2(Th. The financia1 5takmenrs hai'e been prepared undcr the historical cost convention. InconTre All inco]ne is ￿e￿ISed in the Statement of Financial Adiviti45 On￿ the Charity has Mtitlement to the ftu)d% it is probabletljat the illwme will be received and th¢a￿l￿]nt call be measured reliably. The charity ha8 receivd governmmi El￿ in of Covid.19. tncome fiom goverDmellt and other are recognised at fair va]ue when the cbaTtry has ￿titlemellt afttt any perfornwce conditions have been mel it i5 pr(thble that ibe ineomewill b¢ ￿1Ve￿ andtheam(Mllnt eao be Meas￿ teliably. Expendi￿re Liabilities are re¢ognis￿ as ex￿]dit￿re as tè&re is a Icgai or cot1s1￿¥t obltgation committing th¢ cbarity to that cxpellditu￿ il ts prO￿bIe th* a t1￿$fer of economic ix*efits will be wuired in settlement and the amount of the oblsgation can be measured re]iably. ExpenditrJre 15 acLXXLnt4yl for orl an xcruals basi5 and h&8 en cI￿lfied under beadings that a8￿g8(e ail ¢ost related to the category. Wtkte costs G9mlOt be directly attribu*d to parttcular headings they have been all(Kdtcd to on a basis coDsi5tent the use of Tangible r￿l¥l a55ets Dwreciation is provid￿ * th¢ fouowing annual rate5 in oth to write off ezch asset over its estiTtLated use￿1 lif¢ Land andbuilding5 Ftxtyr¢s and fittings Motor vehicles Office eqUiPiDtnt 2Yo ￿ C￿t 150/9 on reducing baiallce ?510 oll rethieing bdance 15V/• on rthing batanee Taxation The charity 1$ exempt fiwi ¢Ory￿￿tiOn tax on its charitsble ac¢ivities. Fund ac¢owitlng un￿icE¢d fuTMls can be uwi irloccordw with thecharitsble Obj￿]v￿ ai thE disrtion of the trustee6. RestrictLal funds edtl only k used for particular restricted purpLWS within the obj¢¢ts of the charity. Re￿l¢tiOnS arise whell spec]fied by tb¢ donor or when fiujds are rai%d foT particular r￿lE￿d purposcs. Further explanation of the nature and pul[￿e ofwh fimd is in¢lu(knl in the llc*es to the fintheial statements. Page 8 continued... TORT SllROPSll￿E co￿.￿GE CARE LST LL}l￿ED TO THE FL¥￿cIAL STATEMKYIS. contin ed FOR THE IEAR YDED 31 MAR DONAIIOf4S AP4D LEGAcI￿s 2021 2020 League ofFriends Support Dona¢ioDS &￿8￿1¢$ 25,¢NX) 23.019 97.399 48,019 97,399 2021 2020 Event In¢oJne Local Lrttery, 245 6,030 5,242 6,596 6275 11,838 2021 2020 25 53 INCOME FROM CHARrrABLE Acrtvrr 2021 awitable Acttmties 2020 tivities Grants Daycare Rents]s Lunchas 157,311 13,832 36.393 71X) 202J25 40,366 21,119 208,236 263,810 Government received fhis year were up of £1] l J23 for fiw]ough elaims ond £25.988 firnn Telford & Wrekin c(KLllciI for ctr￿d 19 Page 9 cotytinurd... RT .8HRn . COTTAGE CARE TFS TOTHE FL¥ATr4CLiLSTATENILF4TS. n(ittued ￿N￿ED3] MARCH 2Q21 R8lsing dO￿dOn5 and Iweies 2021 2020 Events and FllE￿ Raising Local IK)tt¢ry 2,762 3,11$5 2,695 1695 5.807 CHARITABLE ACllvITl￿ COSIB Costs (see note 8) Supwrt cixsts T[￿15 Cbaritable Actiiryti 245,481 5,656 251,137 Governance costs for £5,656 are Ill￿[¢ up of xewitallcy atMI payroll charge5 for £3241 wbich are for intspendent &xaminers rep(rt pryralion of ststuw ￿tS & payroll seThices and the cost for furlough clain]s work was q415. DIRECT COSTS OF c￿￿rrABLE ACTIV 202(J F(K%A and Catrrillg Water. R&t¢s & lJsUtallce HeaL Light a￿1 Power Rq)airs and Rell¢w71s MLNor and Trdvel Exper Stationery aDd Advenising Telephone and Postage Cleaning Sundry Exp¢ns&s Profewonal ftts Saian'es, NI& Pensions Depreciation 810 15,630 22,252 12,622 13,973 13250 10,271 5,747 4,942 5,549 7,010 10,936 1599 3,403 2,772 4,880 2.7 168.458 24,224 217.849 25.130 245.481 338.595 Page 10 NEWPORT L.y'rKE T%irrF.D OTE5 T THE FIN￿NCIAL sfATEMEN15. cojjtinued EYDED 31 WC 21 IYKT INCOMEI(EXPENDrrLIIE) Net in(a)md(exp¢ndttute) is s￿ted ckngln￿CrCdjting). 2021 2020 Dwwiation. owryKd &sets 24,225 25,130 TRUSTEES, REMUNERATtofi kYD BENEFITS There were no trust￿, remunetation or other foT the year 31st marcb 2021 for the year ended 314 2020. There were tx) trnste48' expenses paid for the year ended 315t March 2021 for the year C[￿ed 31st M￿Ch 2020. ii. STAFF coKrs The avw Durnber of paid anpbytts was &s follows: 2021 2020 Full time ParttiLe 15 18 Gross wages of £16A.919 were patd durithg the ￿. Employers national itJ5urgttte aM￿￿nt￿ to £l.882, and t￿p[￿Yo3 p￿SlOn amounted to £1.657. 12. TANGIBLE FlA￿D ASSETS Fixb Ialld attd buildtD8S otor Yehide5 Offic¢ equiplnent Totals COST At l April 2020 and 31 March 2021 1,607 9&148 113,758 34J65 1,034,878 DEPRECIATION At l Aprtl 2020 Charge for year 314.399 15,814 64,062 4,723 105.(M)9 2,187 24,363 E,501 508,433 24,225 At 31 March 2021 330213 69J85 107,196 25,864 532,658 NET BOOK VALU At 31 March 2021 460J94 26.763 6,562 8,501 502220 At 31 March2020 476208 31,486 8,749 10,002 526,445 Page 11 ¢ontillued... r4E￿￿RT CO￿AGE CARE LSTL Ft¥knYCIAL sfATEMLYLS. rolltinu￿1 FOR THE YE.4R &II)ED DEBTORS: Amouyfs FALLLNG DUE wrrHLY YEAR 2021 2020 3,589 19,175 I& CREDrroRS: AMOUhryS FALLING DUE wrrHIN 014E YEAR 2ff21 2020 Sccial secwity and othert&xcg Accnwls and deferyed in¢ome 1602 10,018 3,476 5,733 11620 9209 15. Net movern¢nt tn futtds At 31.3.21 At 1.4.20 uD￿trktO1 fulld$ General ￿[Ld 264,958 14,713 279,671 Iand and ￿lIding8 Wasting assets 234529 (7.540) 226,989 150.725 1,550 152,275 385254 (5990) 379264 TOTAL FUNDS 650212 8,723 658.935 Nct ￿0Ve￿￿t iufi]nds. included inthe alx)v¢ areas follows: ttyoming Ri*ources Movement eX￿dea in funds Unrestricted fi￿d5 General fimd 252.555 (237,&42) 14,713 Restrieted fullds Lattd and buildings Waaing &ssd$ (7,540) {7,540) 10,(KKJ (8,450) 1,550 io,tKK> (15,990) (5,990) TOTAL FUNDS 262.555 (253,832) 8,723 Page 12 continue4L.. NEWPORT COTTAGE CARE ItTED .ITRF. TRLST L OThS TO TBE F[￿￿NCIAL sfATEMEVtS. eott ' R THE ￿AR E)I> I MARC IS. MOTrIMENf FUNDS- continued CompArAtlTh'e8 forrnovewettt in funds Net ]novemellt At 31.3.20 Atl.4.19 Unrests4cted funds Genetsl fLmd 247.732 17226 264,958 Land andbuildings Wuting a 230,635 3,894 234,529 146,201 4,524 150,725 376.836 8,418 385254 624.568 25.644 650,212 Comparative ne¢ mov¢m¢nt itt fi]n&% tncluded in the at#)i'¢ arc &s follows: In