|||Page|Page|
|---|---|---|---|
|Report ofthe Trustees|1|to|8|
|Report ofthe Independent<br>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|





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





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





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





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





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





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





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



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|STAFFCOSTS|||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||8||
|Wages and salaries<br>Social security costs<br>Other pension costs|||||3,188,481<br>235,819<br>62428|2,775,492<br>185,248<br>51,848|
||||||3,486,828|3,012,588|
|The average monthly|number ofemployees||during the year was as follows:||||
||||||2021|2020|
|Senior managers<br>Care managers<br>Administrative<br>staff|||||3<br>4<br>7|3<br>5<br>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|





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





## 

|10.|COMPARATIVES|FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES <br>Unrestricted|-continued<br>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<br>6|fittings<br>f.|vehicles|Totals|
||COST<br>At 1stApril 2020<br>Additions<br>Disposals|2,775,012|44,025|150,802<br>13,977<br>(88,902)|44,775<br>14,994<br>(17,915)|3,014,614<br>28g71<br>(106,817)|
||At 31stMarch 2021|2,775,012|44,025|75,877|41,854|2,936,768|
||DEPRECIATION<br>At 1stApril 2020<br>Charge for year<br>Eliminated<br>on disposal||21,087<br>4,440|100,946<br>23,051<br>(86,675)|42,028<br>3447<br>(17,915)|164,061<br>30,738<br>(104,590)|
||At 31stMarch 2021||25,527|37422|27,360|90,209|
||NET BOOK VALUE<br>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<br>Other debtors<br>Prepayments<br>and accrued income||||509,229<br>25,089<br>78,591|372,811<br>28,578<br>65,891|
||||||612,909|467,280|





## 

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





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





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





## 

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## 

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



## 

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