2021-03-31-accounts - Polesworth Group Homes Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees		DrSBarrett
		Mrs 6 irons
		Mr 0Lockwood
		Mr F Price
		Mrs A Wilson
		Mrs M Bourne
Secretary		Mrs CForbes
Chief Executive		Mrs L-A Smith
Charity number		1003230
Company	number	2614194
Registered	ofgce	Laurel End
		Laurel Avenue
		Polesworth
		Nr Tamworth
		Staffordshire
		B781LT
Auditor		Burgis gt Bullock
		23-25Waterloo Place
		Warwick Street
		Leamington	Spa
		Warwickshire
		CV32 SLA
Bankers		HSBC pic
		3a Queens Road
		Nuneaton
		Warwickshire
		CV11SJL
Solicitors		Rutherfords
		Ventura House,
		Ventura Park	Road
		Tamworth
		Staffordshire
		B783HL


			Page
Trustees' report			1-10
Statement of	Trustees'	responsibilities
Independent	auditor's	report	12 —16
Statement of	financial	activities	17
Balance sheet			18
Statement of	cash flows		19
Notes tothe financial		statements	20-35

Description				Designated	funds	Expected timing	Expected timing
i) Property to be	used		for	E250,000		2021/2022
supported living service
ii) Replacement residential			care	6435,000		2021/2022
home
otal				6685,000
amounts are otherwise	committed			as at 31 March	2021. The following	is relevant	inf
ard to the Charity's reserves		as at 31		March 2021:
i) Amount of reserves					E4,223,576
ii) Amount ofany restricted		funds			EO
iii) Amount of reserves	fund		that		62,485,554
can only be realised by	disposing
oftangible fixed assets
iv) Amount of reserves		after			E1,738,022
making allowance for	ii) and		iii)
above

				Unrestricted	Designated	Restricted	Total	Total
				funds	funds	funds	2021	2020
			Notes
Income from:
Donations and	legacies		3	2,628		291,822	294,450	9,138
Charitable activities			4	3,383,393			3,383,393	3,309,114
Investments			5	1,571			1,571	3,147
Other income			6	9,880		2,400	12,280	14,870
Total income				3,397,472		294,222	3,691,694	3,336,269
~ECht
Charitable activities			7	3,223,032		270,649	3,493,681	3,193,536
Net gains on investments			11	28,235			28,235	(41,004)
Net incoming	resources	before
transfers				202,675		23,573	226,248	101,729
Gross transfers	between	funds		(239,427)	263,000	(23,573)
Net movement	in funds			(36,752)	263,000		226,248	101,729
Fund balances	at 1April	2020		3,575,328	422,000		3,997,328	3,895,599
Fund balances	at 31March
2021				3,538,576	685,000		4,223,576	3,997,328

				2021	2020
			Notes	E	f
Fixed assets
Tangible assets			12	2,485,554	2,522,487
Investments			13	179,145	150,910
				2,664,699	2,673,397
Current assets
Debtors			14	316,797	322,721
Cash at bank and in		hand		1,435,121	1,114,673
				1,751,918	1,437,394
Creditors: amounts		falling due within
one year			15	(193,041)	(113,463)
Net current	assets			1,558,877	1,323,931
Total assets	less current liabilities			4,223,576	3,997,328
Income funds
Unrestricted	funds
Designated	funds		18	685,000	422,000
General unrestricted		funds		3,538,576	3,575,328
				4,223,576	3,997,328
				4,223,576	3,997,328

				2021	2020
			Notes	E	f
Cash fiows from operating		activities
Cash generated from operations			24	428,515	455,302
Investing	activities
Purchase	oftangible fixed	assets		(111,238)	(268,177)
Proceeds	on disposal oftangible fixed
assets				1,600	1,268
Investment	income received			1,571	3,147
Net cash used in investing		activities		(108,067)	(263,762)
Net cash used in financing		activities
Net increase in cash and cash equivalents				320,448	191,540
Cash and	cash equivalents	at beginning	ofyear	1,114,673	923,133
Cash and	cash equivalents	at end ofyear		1,435,121	1,114,673

				Unrestricted	Restricted	Total	Unrestricted
				funds	funds		funds
				2021	2021	2021	2020
				E	f	E	f
Donations	and gifts			2,628		2,628	9,138
COVID-19 support					291,822	291,822
				2,628	291,822	294,450	9,138
COVID-19	support grant income
Coronavirus	Job Retention	Scheme			58,320	58,320
Adult Social Care Infection		Control funding			172,553	172,553
Coronavirus	related Statutory		Sick Pay		8,495	8.495
Respite and day services support					43,206	43,206
Adult Social Care Infection		Control funding-
Workforce	Capacity				9,248	9,248
					291,822	291,822

					Long stay	short stay	Total	Total
					so Iv lion	ssnaoas	2021	2020
					2021	2021
Accommodation,	care	and	support	services	2,887,471	495,922	3,383,393	3,309,114

						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						f	f
Interest	receivable					1,571	3,147
Other income
				Unrestricted	Restricted	Total	Unrestricted
				funds	funds		funds
				2021	2021	2021	2020
				f	f	f	f
Training	and insurance		income		2,400	2,400	419
Contributions		to meals	and holidays	8,264		8,264	12,766
Solar panel income				1,616		1,616	1,580
Farm produce							105
				9,880	2,400	12,280	14,870

			Long stay	Short stay	Total	Long stay	Short stay	Total
			services	services	2021	services	services	2020
			2021	2021		2020	2020
			E	6		6	6
Staff costs			2,288,022	386,963	2,674,985	1,972,152	411,206	2,383,358
Depreciation	and
impairment			118,230	10,136	128,366	113,536	9,969	123,505
Food and household			134,923	18,150	153,073	110,449	27,157	137,606
Daycare			9,230	2,257	11,487	22,365	10,608	32,973
Premises			92,647	27,614	120,261	93,095	27,788	120,883
Motor and travelling			34,714	9,669	44,383	46,704	16,384	63,088
Miscellaneous			25,636	2,656	28,292	19,612	3,132	22,744
Telephone			2,194	1,096	3,290	2,789	902	3,691
Printing, stationery		and
computer costs			494	1,137	1,631	592	290	882
(Progt)/loss	on disposals
offixed assets			1,599		1,599	(1,366)	(169)	(1,535)
			2,707,689	459,678	3,167,367	2,379,928	507,267	2,887,195
Share ofsupport costs
(see note 8)			280,708	37,930	318,638	255,216	43,636	298,852
Share ofgovernance		costs
(see note 8)			6,551	1,125	7,676	6,395	1,094	7,489
			2,994,948	498,733	3,493,681	2,641,539	551,997	3,193,536
Analysis by	fund
Unrestricted	funds		2,824,991	398,041	3,223,032	2,641,539	551,997	3,193,536
Restricted funds			169,957	100,692	270,649
			2,994,948	498,733	3,493,681	2,641,539	551,997	3,193,536

				2021	2020
				Number	Number
Accommodation, care and		support	staff	120	118
The Charity's	management	and administration		15	14
Total				135	132
Employment	costs			2021	2020
				f	6
Wages and salaries				2,614,645	2,350,914
Social security	costs			208,051	171,894
Other pension	costs			55,708	51,722
				2,878,404	2,574,530

						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						f	f
Revaluation	of investments					28,695	(40,472)
Gain/(loss)	on sale of	investments				(460)	(532)
						28,235	(41004)
Tangible fixed assets
			Land and	ofgce	Fixtures, beings	Motor vehicles	Total
			buildings	Equipment	aequipment
			f	f	f.	f
Cost
At 1April 2020			3,151,593	33,870	224,896	458,379	3,868,738
Additions			3,800	7,326	67,506	32,606	111,238
Disposals				(606)	(3,179)		(3,785)
At 31March	2021		3,155,393	40,590	289,223	490,985	3,976,191
Depreciation and impairment
At 1April 2020			839,036	24,246	110,944	372,025	1,346,251
Depreciation	charged	in the year	58,360	8,293	54,790	25,128	146,571
Eliminated in respect		ofdisposals		(606)	(1,579)		(2,185)
At 31March	2021		897,396	31,933	164,155	397,153	1,490,637
Carrying amount
At 31March	2021		2,257,997	8,657	125,068	93,832	2,485,554
At 31March	2020		2,312,557	9,624	113,952	86,354	2,522,487

				Unlisted
				investments
				f
	Cost or valuation
	At 1April 2020			150,910
	Unrealised gain/(loss)	in the year		28,695
	Oisposals			(460)
	At 31March 2021			179,145
	Carrying amount
	At 31March 2021			179,145
	At 31March 2020			150,910
14	Debtors
			2021	2020
	Amounts falling due	within one year:	f	f
	Trade debtors		126,661	114,131
	Prepayments and accrued income		190,136	208,590
			316,797	322,721
15	Creditors: amounts falling due within one year
			2021	2020
			f	f
	Other taxation and social security		86,420	46,917
	Other creditors		43,643	18,188
	Accruals and deferred	income	62,978	48,358
			193,041	113,463

	Movement		Movement	Movement	in funds
	in funds
	Incoming	Balance at	Incoming	Resources		Transfers	Balance at
	resources	1April 2020	resoulces	expended			21March 2021
		6			6		E
Coronavirus Job Retention
Scheme			58,320	(58,320)
Adult Social Care Infection
Control funding			172,553	(148,980)		(23,573)
Coronavirus related
Statutory Sick Pay			8,495		(8,495)
Respite and day services
support			43,206	(43,206)
Adult Social Care Infection
Control funding-
Workforce Capacity			9,248		(9,248)
Skills for care training			2,400		(2,400)
			294,222	(270,649)		(23,573)

			Balance at	Transfers	Balance at	Resources	Transfers	Balance at
			1April 2019		1April 2020	expended		21March 2021
			6	6	6	6	6	E
Improvements		at existing
properties			22,000		22,000	(18,981)	(3,019)
Replacement		residential
care home			341,000	59,000	400,000		35,000	435,000
Supported	living property						250,000	250,000
			363,000	59,000	422,000	(18,981)	281,981	685,000

				alvta		0 ra CI	W		CO ar	O R Ol	Ifl OI	fa M
						IV				O	fa	r
									IV Ul	UI M	IV M	FI
									fa			M
				v taC aa	Vl C v	Ofa0 fa					CI CI nt	CI00 rc fa
				al0
				v CIC v tn IU	ln L a-	0 ta CI nt	W		f CO fa Ul fa	0 M Crl 0 Ul M	tfl Cfl 0 Ol
				Ia 0		raOta	W		ar UI Ul Ul co Cl'	lll cr M Ol r M	I r Co Co Ifl	Io mfa
									fV
O IalI- 2	Z Z LI0 ZI-	O h		00 Ol al co v taCaa	vl L In C	aa la 0 fa al la CI ta	W W				O0	000
OX	5			al0
D0 U X I	at: V Z	Cl Ch		aa In ICD	In a	aa aa	W		Ia Ul 00 CI' fa	Ol r ~	00 fh 00	m
0	IL
	ZI- 0I-	CC
	0Z							Co alt
								al
								lnal
								CC
								Ol
			C					al (0
			a
			C alal					fa0
			IU					II			Ul al
			al
			al
			In tnIa					Ia			fa
			alC Vta IaC ~0:					vl al IC C ta ia 00 C IL	v Ia In UI Ia CI tla L Ia I—	tn C al v tn CI)	tn al ttl N ta C al ! LI

	2021	2020
	E	E
Within one year	26,409	13,733
Between two and five years	51,614	25,149
ln over five years	3,260
	81,283	38,882

Capital commitments	Capital commitments				2021	2020
					E	E
At 31March	2021the	Charity	had capital commitments	as follows:
Contracted	for but not	provided in the financial statements:
Acquisition	of property,	plant	and equipment			16,073

		2021	2020
		f	E
Aggregate	compensation	123,704	117,872

24	Cash generated from operations	Cash generated from operations	Cash generated from operations	2021	2020
				E	6
	Surplus forthe year			226,248	101,729
	Adjustments for:
	Investment income	recognised	in statement offinancial activities	(1,571)	(3,147)
	Loss on disposal of	investments		460	532
	Fair value gains and	losses on investments		(28,695)	40,472
	Depreciation and impairment oftangible gxed assets			146,571	135,971
	Movements in working capital:
	Decrease in debtors			5,924	171,756
	Increase in creditors			79,578	7,989
	Cash generated from operations			428,515	455,302
25	Analysis ofchanges	in net funds
	The Charity had no	debt during	the year.