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## 

||||Administrative<br>Infor|mation||
|---|---|---|---|---|---|
|Trustees and Directors:|||Mr M McEachran|||
||||Dr A Roy OBE|||
||||Mr G Cumberland|||
||||Mr M Fellows|||
||||Ms LHendon|||
||||Mr C Lees|||
||||Mr M Weir|||
|Registered|office:||The White House|||
||||39Jaffray Crescent|||
||||Erdington|||
||||Birmingham|||
||||B248BE|||
|Bankers:|||Lloyds Bank pic|||
||||293 High Sneet|||
||||West Bromwich|||
||||B708NA|||
|Auditors:|||Malcolm Piper &|Company|Limited|
||||Kingsnorth<br>House|||
||||Blenheim Way|||
||||Birmingham|||
||||B44 8LS|||
|Solicitors:|||Ansons|||
||||StMary's Chambers|||
||||5-7Breadmarket|Street||
||||Lichfield|||
||||Staffordshire|||
||||WS136LQ|||
|Registered|Charity number:||1001885|||
|Registered|Company|number|02554367|||
|Patrons|||Mr Carl Chino MBEPh.D.||F,Birm.Soc.|
||||Mr John Bames MBE|||
|Senior Management||Team|Ms LHendon|(Chief|Executive Officer)|
||||Mr C Lees|(Director ofFinance)||
||||Mr M Weir|(Director ofEstates)||





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|||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|Total|
||||Note|||||
|Income from:||||||||
|Donations<br>and legacies|||2|600|7,588||74,530|
|Charitable<br>activities:|||3|||||
|Residential<br>services|||||5,160,286|5,160,286|4,594,695|
|Day care services|||||531,772|531,772|777,982|
|Rental income|Rom housing|||||||
|benefits|||||56,562|56,562|62,709|
|Total income||||600|5,756,208|5,756,808|5,509,916|
|Expenditure<br>on:||||||||
|Charitable<br>activities:||||||||
|Residential<br>and|day centre|||||||
|care costs|||||5,319,620|5,319,620|5,054,496|
|Support costs|||5|600|410,003|410,603|456,411|
|Total expenditure|||4|600|5,729,623|5,730,223|5,510,907|
|Net income/(expenditure)||for the|7|||||
|year|||||26,585|26,585|(991)|
|Transfers<br>between|funds|||||||
|Net<br>movement<br>in|funds|for the||||||
|year|||||26,585|26,585|(991)|
|Reconciliation<br>offunds:||||||||
|Total funds brought|forward|||||||
|at 1 April 2020||||39,500|2,713,530|2,753,030|2,754,021|
|Total funds carried|forward|||||||
|at 31March 2021||||39,500|2,740,115|2,779,615|2,753,030|





## 

||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|
|||||Note||||||
|Fixed assets||||||||||
|Tangible fixed assets||||||5,590,431|||5,682,313|
|Current<br>assets||||||||||
|Debtors||||13|511,888||634,258|||
|Cash at bank||and in hand|||797,991||465,495|||
||||||1,309,879||1,099,753|||
|Creditors:|Amounts||falling|||||||
|due within||one year||14|(1,207,919)||(1,055,617)|||
|Net current||assets||||101,960|||44,136|
|Total assets||less current||||5,692,391|||5,726,449|
|liabilities||||||||||
|Creditors:|Amounts||falling|||||||
|due after more than one year||||15||(2,912,776)|||(2,973,419)|
|Net assets||||||2,779,615|||2,753,030|
|Funds||||||||||
|Restricted funds||||17||39,500|||39,500|
|Unrestricted||funds||17||2,740, 115|||2,713,530|
|Total funds||||||2,779,615|||2,753,030|






## 

||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|
||||Note|||||||
|Fixed assets||||||||||
|Tangible fixed assets|||11|||5,110,280|||5,188,756|
|Investments|||12|||||||
|||||||5,110,280|||5,188,756|
|Current assets||||||||||
|Debtors|||13|864,738|||1,013,605|||
|Cash at bank|and in hand|||797,991|||465,495|||
|||||1,662,729|||1,479,100|||
|Creditors: Amounts||falling||||||||
|due within|one year||14|(1,202,463)|||(1,050,652)|||
|Net current|assets|||||460,266|||428,448|
|Total assets|less current|||||||||
|liabilities||||||5,570,546|||5,617,204|
|Creditors: Amounts||falling||||||||
|due after<br>more than||one year|15|||(2,912,776)|||(2,973,419)|
|Net assets||||||2,657,770|||2,643,785|
|Funds||||||||||
|Restricted funds|||17|||39,500|||39,500|
|Unrestricted|funds||17|||2,618,270|||2,604,285|
|Total funds||||||2,657,770|||2,643,785|





## 

|Consolidated|Sta|tement ofCash Flows for t|he Year Ended|31March 20|21|
|---|---|---|---|---|---|
||||Note|2021|2020|
|Cash flow &om operating|activities||19|688,628|328,863|
|Interest paid||||(112,276)|(125,799)|
|Net cash flow from operating||activities||576,352|203,064|
|Cash flow from investing|activities||20|(195,652)|(71,949)|
|Cash flow from financing|activities||21|(48,204)|(192,053)|
|Net increase/(decrease)|in cash and cash equivalents|||332,496|(60,938)|
|Cash and cash equivalents|at|the start ofthe year||465,495|526,433|
|Cash and cash equivalents||at the end ofthe year||797,991|465,495|
|Cash and cash equivalents||consists of:||||
|Cash at bank and in hand||||797,991|465,495|





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|5.|Support costs|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||K|
||Interest payable on bank borrowings||(see note 10)|112,083|123,958|
||Head office costs|||64,684|73,791|
||Human<br>resources|||216,437|241,383|
||Governance<br>costs (see note 6)|||17,399|17,279|
|||||410,603|456,411|
|6.|Governance<br>costs|||||
|||||2021|2020|
||Auditors<br>remuneration|||13,500|13,680|
||Trustees'<br>expenses|||3,899|3,599|
|||||17,399|17,279|
|7.|Net income/(expenditure)<br>for|the year||||
|||||2021|2020|
||Net income/(expenditure)|is stated after charging/(crediting):||g||
||Profit on sale oftangible fixed assets|||(2,871)|(3,700)|
||Auditors'<br>remuneration:|||||
||Audit ofparent company|||11,700|11,700|
||Audit ofsubsidiary|||1,800|1,800|
||Other services||||180|
||Operating<br>leases payments|||||
||Land and buildings|||11,482|11,482|
||Other|||27,510|31,301|
||Depreciation oftangible fixed assets|||290,598|303,145|
||Exceptional expenditure:|||||
||Redundancy<br>costs|||74,735||





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## 

## 

||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|
|||||Number||FTE|Number|FTE|
|Direct charitable||activities||204||183|210|187|
|Support staff||||17||14|23|20|
|||||221||197|233|207|
|The total staff|costs and employee's||benefits|were as follows:|||2021|2020|
|Staff salaries||||||3,992,188||3,834,178|
|Social security|costs||||||265,860|248,170|
|Pension costs|||||||83,870|94,366|
|Agency costs|||||||162,748|231,228|
|Staff training|and|healthcare|||||29,521|39,395|
|||||||4,534,187||4,447,337|



|||||2021|2020|
|---|---|---|---|---|---|
|Wages and|salaries (including||benefits in kind)|301,740|323,594|
|Pension costs||||35,351|38,471|
|||||337,091|362,065|
|Individuals|with pensions|accruing||||





## 

## 

|rustees were reimbursed<br>t|ravel and other out ofpocket e|xpenses<br>during<br>th|e year as follows:||
|---|---|---|---|---|
||2021|2020|2021|2020|
||Number|Number||K|
|Travel|3|3|3,899|3,599|
||||3,899|3,599|



## 

## 

|Interest|payable|(net)|||
|---|---|---|---|---|
||||2021|2020|
|Interest|payable|on bank borrowings|112,276|125,799|
|Interest|received||(193)|(1,841)|
||||112,083|123,958|





## 

## 

## 

|1.|Tangible Fixed Assets|||||
|---|---|---|---|---|---|
|a)|Group|||||
|||Freehold||||
|||and|Fixtures|||
|||Leasehold|and|Motor||
|||Property|Fittings|Vehicles|Total|
||Cost|||||
||At 1 April 2020|7,064,893|993,333|218,318|8,276,544|
||Additions||181,769|23,675|205,444|
||Disposals||(340,435)|(46,485)|(386,920)|
||At 31March 2021|7,064,893|834,667|195,508|8,095,068|
||Depreciation|||||
||At 1 April 2020|1,738,922|664,493|190,816|2,594,231|
||Charge for the year|136,082|142,713|11,803|290,598|
||Disposals||(340,436)|(39,756)|(380,192)|
||At 31March 2021|1,875,004|466,770|162,863|2,504,637|
||Net BookValue|||||
||At 31March 2021|5,189,889|367,897|32,645|5,590,431|
||At 31March 2020|5,325,971|328,840|27,502|5,682,313|





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|Company|||||
|---|---|---|---|---|
||Freehold|Fixtures|||
||Property|and|Motor|Total|
|||Fittings|Vehicles||
|Cost|||||
|At I April 2020|6,394,597|993,333|218,318|7,606,248|
|Additions||181,769|23,675|205,444|
|Disposals||(340,435)|(46,485)|(386,920)|
|At 31 March 2021|6,394,597|834,667|195,508|7,424,772|
|Depreciation|||||
|At I April 2020|1,562,183|664,493|190,816|2,417,492|
|Charge for the year|122,676|142,713|11,803|277,192|
|Disposals||(340,436)|(39,756)|(380,192)|
|At 31 March 2021|1,684,859|466,770|162,863|2,314,492|
|Net BookValue|||||
|At 31 March 2021|4,709,738|367,897|32,645|5,110,280|
|At 31March 2020|4,832,414|328,840|27,502|5,188,756|





## 

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## 

|Fixed asset|investments||
|---|---|---|
|Company|||
|Cost|||
|Investment|in subsidiary|undertakings|




## 


|13.|Debtors|||||||
|---|---|---|---|---|---|---|---|
||||||Group||Company|
|||||2021|2020|2021|2020|
||Amounts<br>falling due within||one year:|||||
||Trade debtors|||361,117|353,701|330,233|324,488|
||Group undertakings|||||393,407|420,188|
||Other debtors|||45,316|160,029|43,374|156,584|
||Prepayments|||105,455|120,528|97,724|112,345|
|||||511,888|634,258|864,738|1,013,605|
|14.|Creditors: amounts|falling due within||one year||||
||||||Group||Company|
|||||2021|2020|2021|2020|
||Bank loan|||209,199|196,760|209,199|196,760|
||Trade creditors|||652,794|587,702|647,808|583,607|
||Taxation and social|security||80,659|143,339|80,659|143,339|
||Accruals and other|creditors||265,267|127,816|264,797|126,946|
|||||1,207,919|1,055,617|1,202,463|1,050,652|





## 

## 

## 

||||||
|---|---|---|---|---|
|reditors: amounts|falling due after more than one year||||
||Group||Company||
||2021|2020|2021|2020|
|||||g|
|Bank loan|2,912,776|2,973,419|2,912,776|2,973,419|



|Included|in the above are amounts<br>f|alling due as follows:||||
|---|---|---|---|---|---|
|||Group||Company||
|||2021|2020|2021|2020|
|Within|I year|209,199|196,760|209,199|196,760|
|Over I|year but within 5 years|890,219|842,938|890,219|842,938|
|Over 5|years|2,022,557|2,130,481|2,022,557|2,130,481|
|||3,121,975|3,170,179|3,121,975|3,170,179|



## 

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## 

## 

|t 31 March 2021 the Group<br>and Company<br>had an<br>ases as follows:|nual<br>commitments<br>under non-cancellable|operating|
|---|---|---|
||2021|2020|
|Within one year|28,425|31,731|
|Within two to five years|25,155|28,025|
|Over five years|50,600|53,900|
||104,180|113,657|





## 

## 

## 

|17.|Funds reconc|iliation||||||
|---|---|---|---|---|---|---|---|
|a)|Group|||||||
||||As at 1||||As at31|
||||April 2020|Income|Expenditure|Transfers|March 2021|
||Restricted Funds||39,500|600|(600)||39,500|
||Unrestricted|Funds|2,713,530|5,756,208|(5,729,623)||2,740,115|
||||2,753,030|5,756,808|5,730,223||2,779,615|
|b)|Company|||||||
||||As at 1||||Asat31|
||||April 2020|Income|Expenditure|Transfers|March 2021|
||Restricted Funds||39,500|600|(600)||39,500|
||Unrestricted|Funds|2,604,285|5,671,319|(5,657,334)||2,618,270|
||||2,643,785|5,671,919|5,657,934||2,657,770|





## 

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## 

|towards<br>the promotion|ofthe G|ofthe G|roup and Company's<br>|roup and Company's<br>|objectives.||||
|---|---|---|---|---|---|---|---|---|
|Analysis ofnet assets|between||funds is as follows:||||||
||||||Restricted||Unrestricted|2021|
||||||Funds||Funds|Total|
|Group|||||||||
|Tangible fixed assets|||||||5,590,431|5,590,431|
|Current assets|||||39,500||1,270,379|1,309,879|
|Creditors<br>within one|year||||||(1,207,919)|(1,207,919)|
|Creditors over one year|||||||(2,912,776)|(2,912,776)|
|Total funds|||||39,500||2,740, 115|2,779,615|
|Company|||||||||
|Tangible fixed assets|||||||5,110,280|5,110,280|
|Current assets|||||39,500||1,623,229|1,662,729|
|Creditors<br>within one|year||||||(1,202,463)|(1,202,463)|
|Creditors over one year|||||||(2,912,776)|(2,912,776)|
|Total funds|||||39,500||2,618,270|2,657,770|
|Reconciliation ofnet|income to net cash flow from||||operating|activities|||
||||||||2021|2020|
||||||||K||
|Net income/(expenditure)||for||the year|||26,585|(991)|
|Depreciation<br>charges|||||||290,598|303,145|
|Gains on sale oftangible||fixed||assets|||(2,871)|(3,700)|
|Interest receivable|||||||(193)|(1,841)|
|Interest payable|||||||112,276|125,799|
||||||||426,395|422,412|
|Increase/(Decrease)|in debtors||||||122,370|(387,257)|
|Increase in creditors|||||||139,863|293,708|
|Net cash inflow from operating||||activities|||688,628|328,863|





## 

## 

|N|otes to the Consolidated|Financial Statements<br>for <br>(continned)|Financial Statements<br>for <br>(continned)|the Year Ended 31Marc|h 2021|
|---|---|---|---|---|---|
|20.|Cash flow from investing|activities||||
|||||2021|2020|
||Payments<br>to acquire tangible||fixed assets|(205,444)|(77,490)|
||Receipts fiom sale oftangible||fixed assets|9,599|3,700|
||Interest receivable|||193|1,841|
|||||(195,652)|(71,949)|
|21.|Cash flow from financing|activities||||
|||||2021|2020|
||Repayment oflong-term|loans||(98,204)|(192,053)|
||New Ioans —fixed rate|||50,000||
|||||(48,204)|(192,053)|