2021-03-31-accounts - New Directions (Rugby) Limited

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		Page	Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Plow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	25

FORTHE YEAR ENDED 31ST	MARCH 2	021
					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS Donations and legacies	FROM			10,598	10,598	10,55$
Charitable activities Residential Care Supported Living Respite Care Community Choices Network Rental Income Central Activities		4	1,056,660 2,567,540 212+16 174,059 812450 3,870		1,056,660 2,567,540 212416 17¹,059 812,850 3,870	750,210 1,911,433 157,182 375,607 717,$49 5,$52
Investment income			365		365	1,446
Total			4,827,660	10,598	4,838&258	3,930,137
EXPENDITURE ON
Charitable activities Residential Care Supported Living Respite Care Community Choices Network Rental Income Central Activities			748,496 2410,703 133,265 130,567 698,438 503,446	26+44 697 8,674	775,040 2411,400 133,265 130,567 698,438 512,120	622,09$ 1,759,773 139,520 266,$23 535,439 441,393
Release ofcovenant						75,430
Total			4,424,915	35,915	4,460,830	3,840,476
NET INCOME/(EXPENDITURE)			402,745	(25417)	377,428	$9,661
Transfers between funds		I8	(21,410)	21,410
Net movement in funds			381435	(3,907)	377,428	$9,661
RECONCILIATION OF FUNDS
Total funds brought forward			2,794,643	43,485	2,83S,128	2,74$,467
TOTAL FUNDS CARRIED FORWARD			3,175,978	39,578	3,215,556	2,$38,12$

BALANCE SHEET 31STMARCH 2021
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS Tangible assets	11	2i832065	14,494	2,846,559	2,850,553
CURRENT ASSETS Debtors Cash at bank and in hand	12	612,909 912,714	25,084	612,909 937,798	467,280 706,407
		1+25,623	25,084	1,550,707	1,173,687
CREDITORS
Amounts falling due within one year	13	(287,410)		(287r410)	(237,612)
NET CURRENT ASSETS		143fh213	25,084	1463497	936,075
TOTAL ASSETSLESSCURRENT LIABILITIES		4,070478	39,578	4,109,856	3,786,628
CREDITORS
Amounts falling due after more than one year	14	(894,300)		(894@00)	(948,500)
NET ASSETS		3,175,978	39478	3415,556	2,838,128
FUNDS Unrestricted funds Restricted funds	18			3,175,978 39,578	2,794,643 43,485
TOTAL FUNDS				3415,556	2,838,128

CASH FLOW STATEMENT FORTHE YEAR ENDED 31STM	ARC	H 2021
		Notes	2021	2020f
Cash ilows from operating activities Cash generated fiom operations Interest paid			341,760 (33,979)	269,885 (34,808)
Net cash provided by operating activities			307,781	235,077
Cash ilows from investing activities Purchase oftangible fixed assets Sale oftangible fixed assets Interest received			(28,971) 6,416 365	(20,095) 750 1,446
Net cash used in investing activities			(22,190)	(17,899)
Cash flows from financing activities Loan repayments in year			(54+00)	(54,200)
Net cash used in financing activities			(54,200)	(54,200)
Change in cash and cash equivalents the reporting period	in		231491	162,978
Cash and cash equivalents at the beginning of the reportiag period			706,407	543,429
Cash and cash equivalents at tbe end the reporting period	of		937,798	706,407

THE YEAR ENDED 3	THE YEAR ENDED 3	1STMARCH 2021	1STMARCH 2021
RECONCILIATION		OFNET INCOME TONET		CASH FLOW FROM	OPERATING	ACTIVITIES
					2021 f	2020
Net income Activities)	for the reporting		period (as per the Statement ofFinancial		377,428	89,661
Adjustments for: Depreciation charges Interest received Interest paid (Increase)/decrease in debtors Increase in creditors					26,549 (365) 33,979 (145,629) 49,798	32,851 (1,446) 34,808 77,970 36,041
Net cash provided by operations					341,760	269,885
ANALYSIS	OFCHANGES		IN NET DEBT
				At 1.4.20	Cash flow	At 31.3.21 f
Net cash
Cash at bank	and in hand			706,407	231@91	937,798
				706,407	231491	937,798
Debt
Debts falling Debts falling	due within due after I	I year year		(54400) (948~0)	54,200	(54400) (894400)
				(1,002,700)	54400	(948,500)
Total				(296,293)	285,591	(10,702)

DONATIONS AND L	EGAC	IES
			2021	2020
Donations			10,598	10,55$
INVESTMENT INCOME			2021	2020
Deposit account interest			365	1,446
INCOME FROM CHARITABLE ACTIVITIES			2021	2020
Residential services Grants Home care/Supported living Grants Respite care Grants Day opportunities Grants Rental income Grants Miscellaneous income		Activity Residential Care Residential Care Supported Living Supported Living Respite Care Respite Care Community Choices Network Community Choices Network Rental Income Central Activities Centrtd Activities	8 1,003,180 53,480 2,488,884 78,656 188,688 23,628 141,290 32,769 812,850 3,870	f. 749,117 1,093 1,909,377 2,056 157,182 375,607 717,$49 5,$52
			4,827495	3,918,133
Grants received, included	in the	above, are as follows:	2021	2020
			6
Job retention scheme Workforce Development Infection Control Fund Rapid Flow Testing Fund Workforce Capacity Fund	Fund		59,612 3,870 116,496 5,129 7496	3,149
			192,403	3,149

CHARITABLE ACTIVITIES COSTS
		Direct
		Costs (see
		note 6) f
Residential Care		775,040
Supported Living Respite Care Community Choices Network Rental Income		2411,400 133465 130,567 698,438
Central Activities		512,120
		4,460,830
DIRECT COSTS OFCHARITABLE ACTIVITIES
	2021f	2020
Staffcosts	3,486,828	3,012,588
Rent	417@74	329,716
Rates and water	26,460	(10,370)
Insurance	22,661	18,611
Light and heat Repairs and maintenance Advertising and marketing Telephone Other office expenses Food and household	47,108 98,041 10,822 28,173 34,148 31,123	37,302 73,561 8,546 26,542 29,070 32,825
Nursing and hygiene Activities and materials	11,677 9,609	9,297 16,086
Residents costs	1+76	8,561
Technology costs Motor and travelling Visitor pod Registration fees Stafftraining StaffDBSand medical	81,408 13,986 25413 4,017 25,714 3,039	35,969 16,954 3,673 12,027 1,936
Governance costs and training Legal and professional HR support Auditors remuneration	2,650 3,694 9,481 5,700	2,211 17,778 9,404 5,100
Depreciation Interest payable and similar charges	26,549 33,979	32,851 34,808
	4,460,830	3,765,046

			2021	2020
				6
Depreciation - Other operating		owned assets leases	307738 417474	32,211 329,716

STAFFCOSTS
					2021	2020
					8
Wages and salaries Social security costs Other pension costs					3,188,481 235,819 62428	2,775,492 185,248 51,848
					3,486,828	3,012,588
The average monthly	number ofemployees		during the year was as follows:
					2021	2020
Senior managers Care managers Administrative staff					3 4 7	3 5 6
Support staff					118	100
					132	114
The number ofemployees		whose employee	benefits (excluding employer	pension	costs) exceeded	F60,000was:
					2021	2020
860,001 - 670,000					I	I

					2021	2020
					E
	Senior managers Care managers Administrative staff Support staff Agency and subcontract	staff			184,522 183P42 182r458 2,864,744 71,762	171,414 158,916 169,264 2,264,158 248,836
					3,486,828	3,012,588
	The senior managers line	represents	the remuneration	paid to the key management	personnel.
10.	COMPARATIVES FOR THE STATEMENT OF			FINANCIAL ACTIVITIES Unrestricted	Restricted	Total
				funds	funds	funds
	INCOME AND ENDOWMENTS Donations and legacies		FROM		10,558	10,558
	Charitable activities Residential Care Supported Living Respite Care Community Choices Network Rental Income Central Activities			750,210 1,911,433 157,182 375,607 717,849 5,852		750,210 1,911,433 157,182 375,607 717,849 5,852
	Investment income			1,446		1,446
	Total			3,919,579	10,558	3,930,137
	EXPENDITURE ON
	Charitable activities Residential Care Supported Living Respite Care Community Choices Network Rental Income Central Activities			614,999 1,748,980 138,652 264,674 535,439 441,393	7,099 10,793 868 2,149	622,098 1,759,773 139,520 266,823 535,439 441,393
	Release ofcovenant				75,430	75,430
	Total			3,744,137	96,339	3,840,476
	NET INCOME/(EXPENDITURE)			175,442	(85,781)	89,661
	Transfers between funds			265,508	(265,508)
	Net movement in funds			440,950	(351,289)	89,661

10.	COMPARATIVES	FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES Unrestricted	-continued Restricted	Total
				funds	funds	funds
				f
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		2,353,693	394,774	2,748,467
	TOTAL FUNDS CARRIED FORWARD			2,794,643	43,485	2,838,128
11.	TANGIBLE FIXED	ASSETS
				Fixtures
		Freehold	Short	and	Motor
		property	leasehold 6	fittings f.	vehicles	Totals
	COST At 1stApril 2020 Additions Disposals	2,775,012	44,025	150,802 13,977 (88,902)	44,775 14,994 (17,915)	3,014,614 28g71 (106,817)
	At 31stMarch 2021	2,775,012	44,025	75,877	41,854	2,936,768
	DEPRECIATION At 1stApril 2020 Charge for year Eliminated on disposal		21,087 4,440	100,946 23,051 (86,675)	42,028 3447 (17,915)	164,061 30,738 (104,590)
	At 31stMarch 2021		25,527	37422	27,360	90,209
	NET BOOK VALUE At 31stMarch 2021	2,775,012	18,498	38,555	14,494	2,846,559
	At 31stMarch 2020	2,775,012	22,938	49,856	2,747	2,850,553
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR				2021	2020
					g
	Trade debtors Other debtors Prepayments and accrued income				509,229 25,089 78,591	372,811 28,578 65,891
					612,909	467,280

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021	2020
	Bank loans and overdrafis (see note 15) Trade creditors Social security and other taxes Other creditors Pension contributions Accrued expenses		54,200 21,280 60427 2,477 11,652 137,574	54,200 29,032 47,031 8,059 10,178 89,112
			287,410	237,612
14.	CREDITORS: AMOUNTS FALLING DUE	AFTER MORE THAN ONE YEAR 2021		2020
	Bank loans (see note 15)		894400	948,500
15.	LOANS
	An analysis ofthe maturity ofloans is given below:
			2021	2020
	Amounts falling due within one year on demand: Bank loans		54+00	54,200
	Amounts falling between one snd two years: Bank loans - 1-2 years		54,200	54,200
	Amounts falling due between two and five years: Bank loans -2-5 years		162,600	162,600
	Amounts falling due in more than five years:
	Repayable by instalments: Bank loans more 5yr by instal		677,500	731,700
16.	LEASING AGREEMENTS
	Minimum lease payments under non-cancellable	operating	leases fall due as follows:
			2021	2020
			8
	Within one year Between one and five years In more than five years		448,485 1483,833 798,625	334,450 1,018,115 536,410
			2,630,943	1,888,975

The bank loans are secured on Richmond Alfiud Street, Rugby CV21 2EL,together	The bank loans are secured on Richmond Alfiud Street, Rugby CV21 2EL,together	Lodge, 27 Bilton Road, Rugby CV22 7AN and with afixed and floating charge over all the charity's	Lodge, 27 Bilton Road, Rugby CV22 7AN and with afixed and floating charge over all the charity's	Lodge, 27 Bilton Road, Rugby CV22 7AN and with afixed and floating charge over all the charity's	Poppy Place, other assets.
MOVEMENT IN FUNDS			Net	Transfers
			movement	between	At
		At 1.4.20	in funds f	funds	31.3.21
Unrestricted funds General fund Development and Maintenance COVID tecovety fund	Fund	2,529,135 265,508	260,184 142,561	(21%410)	2,767,909 265,508 142,561
		2,794,643	402,745	(21,410)	3,175,978
Restricted funds Transport Fund Residential Gardening Fund Day Opportunities Fund Respite Fund Communal Assets Fund Hardship Benevolent Fund Poppy Place Fund Vehicle fund		5,632 11,341 5,033 845 5435 12,972 2427	(6,760) (538) 209 130 (547) 1,427 (17464) (1,874)	6,416 (10,803) (4~4) 15,037 14,994	5,288 5/42 975 4,788 10,165 13,120
		43,485	(25417)	21,410	39,578
TOTAL FUNDS		2,838,128	377,428		3415,556

Net movement in funds, inclu	ded in the ab	ove are as Follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds General fund COVID recovery fund			4,685,099 142,561	(4,424,915)	260,184 142,561
			4,827,660	(4,424,915)	402,745
Restricted funds Transport Fund Residential Gardening Fund Day Opportunities Fund Respite Fund Communal Assets Fund Hardship Benevolent Fund Poppy Place Fund Vehicle fund			40 209 130 100 1,477 8,642	(6,800) (538) (647) (50) (26,006) (1,874)	(6,760) (53$) 209 130 (547) 1,427 (17~4) (Ii874)
			10,598	(35,915)	(25+17)
TOTAL FUNDS			4,838,258	(4,460,$30)	377,42$
Comparatives for movement	in funds
			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.20
			f,		f,
Unrestricted funds General fund Development aud Maintenance	Fund	2,353,693	175,442	265,508	2,529, 135 265,508
		2,353,693	175,442	265,508	2,794,643
Restricted funds Residential Building Covenant Transport Fund Residential Gardening Fund Day Opportunities Fund Respite Fund Communal Assets Fund Hardship Benevolent Fund Poppy Place Fund		340,93$ 11,171 11,757 5,269 552 4,346 20,741	(75,430) (5,539) (416) (236) 293 989 (7,769) 2,327	(265,508)	5,632 11,341 5,033 845 5,335 12,972 2,327
		394,774	(85,781)	(265,508)	43,4$5
TOTAL FUNDS		2,74$,467	$9,661		2,838,12$

Comparative net mov	n the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
			6
Unrestricted funds General fund	3,919,579	(3,744, 137)	175,442
Restricted funds Residential Building Covenant Transport Fund Residential Gardening Fund Day Opportunities Fund Respite Fund Communal Assets Fund Hardship Benevolent Fund Poppy Place Fund	1,010 1,913 1,161 2,867 730 2,877	(75,430) (6,549) (416) (2,149) (868) (1,878) (8,499) (550)	(75,430) (5,539) (416) (236) 293 989 (7,769) 2,327
	10,558	(96,339)	(85,781)
TOTALFUNDS	3,930,137	(3,840,476)	89,661