**REGISTERED COMPANY NUMBER: 02609389 (England and Wales) REGISTERED CHARITY NUMBER: 1006024**
## **Report of the Trustees and**
**Audited Financial Statements for the Year Ended 31 March 2021**
**for**
## **Delphside Limited**
**Delphside Limited**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|6|
|**Report of the Independent Auditors**|7|to|10|
|**Statement of Financial Activities**||11||
|**Balance Sheet**||12||
|**Cash Flow Statement**||13||
|**Notes to the Cash Flow Statement**||14||
|**Notes to the Financial Statements**|15|to|25|
|**Detailed Statement of Financial Activities**|26|to|27|
**Delphside Limited**
## **Report of the Trustees for the Year Ended 31 March 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
This company objectives are to relieve mentally ill or infirm persons by the provision of accommodation and other assistance in order that they might be rehabilitated and resettled in the community at large. The company aims to achieve these objectives by tailored activities.
## **Strategies for achieving stated aims and objectives**
To acquire suitable freehold or leasehold premises for the establishment of a home for the beneficiaries, To maintain, equip, improve carry on and administer such a home for the care of the beneficiaries, To employ staff to attend, train, and educate the beneficiaries (residents), and to accept help, assistance and services from such other persons as the company may deem capable of furthering the objects of the company,
To make all reasonable provisions for the payment of wages, salaries and pensions of employees of the company, To undertake any charitable trust that may lawfully be undertaken to further the objectives of the company,
To appoint Trustees to act in the interests of the company for the safety of any property given or held upon trust for charitable purposes.
## **Criteria or measures used to assess success in the reporting period**
Review the records of the care provided to the residents both in relation to personal records and also in relation to the maintenance and equipment of the home.
Determine the records of the numbers of staff employed together with their responsibilities and make reference in the individual care records of the residents to demonstrate the achievement of the company objectives. Maintain payroll records and details of job descriptions and contracts of employment issued to the staff.
Access the regular information bulletins issued by the Charity Commission and check that company procedures follow any advice issued.
Ensure that the number of Trustees during the review period never falls below 3.
## **Significant activities undertaken and how they contribute to the achievement of the charity's aims and objectives**
Close attention to the Care Quality Commission (CQC) essential standards for nursing and care homes. This ensures the continuance of the home.
Holding regular discussions with approved social workers (ASW) concerning the needs of the residents. This ensures the home is fit for purpose.
Listening to the residents and their families to ensure they are happy with the care provided. This ensures good feedback to the staff providing care for the residents, enhanced by formal feedback requests.
Discussions with the local authority/health representatives (commissioners) over the levels of financial support they will make for the residents within the home. Understanding of the finances helps the continuance of the home. Maintaining good relationships with hospital and GP doctors when residents require medical attention. Resident's confidence in their care is thus maintained, and the home objective of help to residents achieved.
Secure and ensure Grant monies available for the control of Infection are utilised and allocated as per set criteria and that these are for the express use in providing a safe environment and supporting the wellbeing of residents and staff at the service.
Page 1
**Delphside Limited**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of activities and performance**
Delphside Ltd (operating as Avondale Mental Healthcare Centre) continues to provide care and accommodation for persons with longer term mental health problems. Delphside Limited works closely with Clinical Commissioning Groups (CCG's) and local authorities (MBC) to identify individuals who would benefit from a period of residence at the home. Where possible the objective is to subsequently re-integrate such persons back into their local community.
Delphside Limited Registered with C.Q.C. under the Health and Social Care Act 2008 (Regulated Activity) Regulations 2010. Delphside Limited continued to provide activities and services for persons identified as suitable for placement at Avondale during 2020/21. Central to that activity is the provision of accommodation for persons who require nursing or personal care, the treatment of disease, disorder or injury.
That service was delivered in accordance with the essential standards demanded by C.Q.C. and was overseen by Miss Paula Jones as the Registered Manager and Mr William Devling as Nominated Individual.
During the review period the company was registered with the CQC for the provision of 54 places within the home. Places are filled as a result of requests ASW make upon the home manager to assess the suitability of people for placement. Should the assessment indicate a likely positive outcome, a place is offered. The costs of the placement are determined by the assistance likely to be needed.
Fee rates in relation to the main commissioning authority's funding were unaltered, following the previous year's negotiations and the service continued to provide suitable care and services to its charges. Ongoing redecoration and maintenance of the service continued although this was hindered in relation to timescales due to Covid -19 pandemic effects.
The service continued to hold the highest rating of Outstanding following CQC inspection in December 2019, which sets the service apart from all others locally and regionally as being the first nursing home and only service in Knowsley in Mental Health care to achieve this. This places the service in a favourable position re future endeavours.
HR matters that had previously been made note of in 2019/20 accounts were resolved.
The Covid-19 Pandemic did impact on the way in which processes were applied at the service with changes to working routines and difficulties surrounding accessing support from external professionals, recruitment and the stressors placed on staffing to manage changed routines, safety measures etc. Emergency contingency planning and business continuity planning helped minimise impact on service delivery and the finances of the service were supported by Adult Social Care Infection Control grant monies. Although the service was impacted on negatively initially, overall the service in the financial year 2020/21, with robust management and support from government and LA grants, did have a strong year and was able to finish in a positive financial position.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The charity's principal funding comes from the following: Halton and St Helens Clinical Commissioning Group Knowsley Clinical Commissioning Group St Helens MBC Knowsley MBC Warrington MBC Liverpool MBC Hertfordshire MBC
## **Investment policy and objectives**
Delphside has the power under its Memorandum and Articles to make any investment that its Council of Management sees fit. Funds are invested in cash based deposits to produce reasonable income and/or capital gain over time.
Page 2
**Delphside Limited**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **FINANCIAL REVIEW**
## **Reserves policy**
The Council of Management maintains a reserve fund. Historically the level has been between two and four months' expenditure costs for Avondale Mental Healthcare Centre. The Council have found a reserve to be necessary to cover the effects of fluctuating levels of occupancy rates and necessary expenditure as the building ages. This is to be reviewed with a view to uplift to a reserve that will cover six month period due to changes brought about by Pandemic, National living wage and NI, which are likely to be ongoing.
The freely available reserves of the Charity increased by £79,805 and totalled £464,787 (2020 - £384,982) as detailed in note 20.
## **FUTURE PLANS**
Trustees take heed of the Charity Commission advice on the prevention of fraud by employees. Fidelity guarantee insurance is in place, as are internal checks and controls.
Trustees look towards how Government funding policies impact on local authorities and NHS Trusts. This leads to constant economies being made by both the charitable and private sectors as monies for placements in care homes is reduced. Trustees have seen a change in the needs of individuals being put forward for assessment. At the same time standard facilities within homes are increasing.
CQC and commissioners have amended visiting and inspecting processes in light of the Pandemic and the service has been proactive in seeking to ensure it is aware of those changes and the requirements it places on services in particular in relation to meeting the criteria for Safe and Well Led. This meaning any expectations being asked of the service in relation to standards in that area will be met by the service, whilst other care homes unable to meet the new requirements will fail. As a service Avondale has looked consistently at meeting all standards and exceed these when possible even during the Pandemic, to ensure the service is seen as a "go to" service for the provision of mental health care in the community setting. The award of Outstanding rating from CQC evidences the services work in maintaining and exceeding those standards, which along with ongoing referrals for complex mental health placements at the service evidence the service holds a strong position as a Provider of mental health nursing care.
Links with Commissioners and in particular Commissioners in the Knowsley area who have been the responsible Commissioning body for the service throughout the Pandemic remain good and to some extent have improved further. The service remains fixed of its position that clarity on service terms regarding fees, contractual obligations and the rights of the service to set those at reasonable rates is a must. That being necessary to allow suitable service provision, whilst maintaining financial viability and help secure future service market position.
The Pandemic led to works undertaken jointly with the LA and also CCG in the form of the Enhanced Help for Care Homes for example which has consolidated the services reputation in relation to provision of quality care in the area of mental health nursing, which it is hoped will impacting positively on future income and ongoing joint working potential and that continues. In addition as a result of that, the service has participated in trials for bulk prescribing and student placements to allow better industry wide support for care and nursing homes. These will continue as necessary and will further enhance the services profile with commissioners and referring professionals.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 3
**Delphside Limited**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **Organisational structure**
In accordance with the Memorandum and Articles of Association, the Council of Management governs the Charity. The Council meets at least bi-monthly to consider reports from the officers of the charitable company. Agenda and supporting documentation are sent to the Council at least 7 days prior to the meeting.
## Charitable status
The company was appointed and registered as a charity by the Charity Commissioners for all purposes on 15th November 1991 (Certificate No. 1006024).
## **Constitution**
The charitable company is governed by its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.
The company has no share capital, being a company limited by guarantee under clause 6 of its Memorandum of Association, with each member agreeing to contribute £1 in the event of it being wound up. The number of members registered at 31 March 2021 was 8.
## **Council of management**
The company may at any time appoint a member of the Council of Management; there is no maximum limit on the number of members but there should be a minimum of three. At the Annual General Meeting one third of the members are eligible for re-election. The following served as members of the company during the year:
Victor Welsh Paul Harrison William Devling Christopher McNamara John Ashcroft Janet Albion Lynette Barlow Barnaby Finlayson
## **Induction and training of new trustees**
New Trustees are inducted and appointed following due diligence in relation to Fit and Proper Persons requirements as per HMRC, Charity Commission and CQC guidance.
In order to ensure good financial governance of the Charity, annually the Trustees require the General Manager to produce a financial plan for the coming 12 months. This plan contains a budget of revenue expenditure and income. Also the General Manager produces a requirement for capital expenditure. This is considered alongside the existing cash position. The financial plan is the principle document that the Trustees rely upon during the year. They receive monthly management accounts on an income and expenditure basis, and also a monthly cash analysis.
Trustees task the General Manager to produce a business plan. This is a document that is extensively reviewed by the Trustees every two years. Between these dates it is updated by the General Manager. It covers the risks within the insurance policy for loss of income following extensive physical damage to the home. It also explains what contingency provision is made to safeguard the existing beneficiaries should the home cease to operate due to a failure of any of the operational systems due to any cause.
Business continuity plan for the service is also produced and updated annually or when influencing factors, such as Covid direct changes.
Regulatory risk is managed by the home meeting essential care standards as required by the Care Quality Commission (CQC).
Arrangements for setting the pay and remuneration of key management personnel
Trustees have established a Remuneration Committee. This is guided by the Chair. The Committee meets annually and considers salaries for key managers against what is known in the local area. Additionally, there is a performance related pay scheme (PRP) in operation. Trustees determine the total amount to be distributed. Distribution is against set objectives. All employees are eligible to be considered against the set criteria for the award of PRP.
Page 4
**Delphside Limited**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Patients' money**
At 31 March 2021, the company held funds amounting to £25,991.65 (2020: £8,940.43) on behalf of the patients of Avondale Mental Healthcare Centre.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
02609389 (England and Wales)
## **Registered Charity number**
1006024
## **Registered office**
Avondale Mental Healthcare Centre 11 Sandstone Drive Prescot Merseyside L35 7LS
## **Trustees**
Mrs M J Albion Business Executive Dr J R Ashcroft Consultant Psychiatrist Mrs L Barlow Chartered Accountant W H Devling Retired Dr B J Finlayson Doctor P Harrison Contracts Officer C A Mcnamara Senior Manager-Procurement V B Welsh Solicitor
## **Senior Management Team**
Ms Paula Jones - Registered Manager Ms Dina Newland - Clinical Manager Ms Julie Dunne - Finance Manager
## **Company Secretary**
Mrs P Jones
## **Auditors**
Styles & Co JFC Limited Heather House 473 Warrington Road Culcheth Warrington WA3 5QU
## **Bankers**
Bank of Scotland Community Banking St Andrews Square Edinburgh Midlothian EH2 2YR
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Delphside Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 5
Delpbsid¢ Limited
Reportof the Try$te¢s
rorthc Y¢#r Elided 31 March 2021
STATtI MENI. OF'fRUSTEES' RESPONSIBILITIES- ¢ontlDue
CoEnpany law reqtsires tlle ttU5tees to prepare financial statemetts for each fillanci&l yeaT whicl) givc a truc and fair vitrN
orthe ststs of affairs of the cheritable conipany Rnd uf th¢ itLconJin¥ rE%ourcts and applioatton of resoiwces, including
the iDco¥oe Expenditure, of the chHTttsbl¢ ¢wnpaoy for that p10d. In pKepxFitt8 diose fuRe1a1 staieJT)e*ts, the
tnLStees arerequircd to
seleetbuitsble accounting policies then Jpply cO$1sttI,
observe Ibe methods and piiuctples in tke aiarity SQRP,.
tTJakeiudgeffl¢nts eslitnatcs that aTe reasonable and pwd¢nt'
prcpare the Sn8nu#l statemcnts on going eoiwem basis iULless it is io#ppropriate to presvffte thxt the clwitable
¢ompaDy wiu eolllinue inbusirte&8.
Th¢ trustee& are respbllsibl¢ for keepill8 proper acCoting xetords Trtii¢h disclose with re4s0]Mble ard¢Y at any
the finaThcia] positiofi ofthe cbatitable compauy gnd to ¢n&ble thetn to ensure thal the finaltcittl stsienmlts comply wilh
the Co]npanies A¢r 2006. They are algo responsible for safe¥u3Tdillg th¢ assets ofthe charitable (x>mpaoy and hence for
taktllg ThsoDablt StCPs for the pretiO]I and d¢t¢¢tion of fraud #lld other itre8vl8n-(Èes.
In so far as the twsiees 8fe 3waro:
Ihere is no relevant audit in(omlI0nOr ivbiLh the Lh8ritsble company's audstots uiiawgre: And
the tntreS have tsken 8115teps that they ou¥lit to have takcn to m&k¢ Ihemselves aWSTe of ally Trlevant audit
infomjationattd to*tabiishth#tthe audifors are awAre Df that infollnation.
AUDITORS
The audito, StyIE5 & Co JFC Limiknl, wtril kn prnw5ed for re-appointment at th¢ forthcoffjing Amiual General
Meethug.
Approved by ordu of the board Ortnte$ on.........
JAlbi¢)n- Twsiee
Page
**Report of the Independent Auditors to the Members of Delphside Limited**
## **Opinion**
We have audited the financial statements of Delphside Limited (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 7
## **Report of the Independent Auditors to the Members of Delphside Limited**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 8
**Report of the Independent Auditors to the Members of Delphside Limited**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: - We enquired of management and those charged with governance, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to: - Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; - Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; - The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. - We inspected the minutes of meetings of those charged with governance. - We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience. - We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. - We reviewed any reports made to regulators. - We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. - We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. - In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud often involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 9
Report of the Independent Auditors to the ]¥lembers of
Delphside Limited
Use of our report
This Teport is made 501ely to the charitable company's meTnbets, a5 a body, iii accoidance witli Chapter 3 of Part 16 of
the Companie% Act 2006. Our audit Iork ha% been iindertaken so that we lt state to the charitable Company,
members those matters we are required to slate to them in an auditors, report and flir no other purpose. To the fullest
ext
t pennitt
by law, we do not accept OT assume iespunsibility to anyone otliei thali the charitable coinpany and the
cha
bl¢ ¢0
any's m¢mb¢
as a body, for ollr audit work, for this r¢port, or for tlic opinions wc hav¢ formcd.
tu
for and on bchalf of Styl
Heather House
473 Wal¥t0 Road
Culcheth
Warrington
WA3 SQU J
Auditor}
& Ci) JFC Limitcd
Date..
Page 10
## **Delphside Limited**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Relief of suffering
Investment income
3
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
5
Relief of suffering
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
9,848
1,978,940
55
8
1,988,851
1,906,157
82,694
742,662
825,356|Restricted
funds
£
-
147,082
-
-
147,082
147,082
-
-
-|31.3.21
Total
funds
£
9,848
2,126,022
55
8
2,135,933
2,053,239
82,694
742,662
825,356|31.3.20
Total
funds
£
669
2,016,528
105
-
2,017,302
2,083,628
(66,326)
808,988
742,662|
|---|---|---|---|---|
The notes form part of these financial statements
Page 11
Dtlplk$lde Limited
B•laEEe Sheei
31 Marth 2021
31.3.21
Totsl
fias.
31.3.20
Unrestii¢wl
Resitided
funds
funds
Notes
FIXED ASSETS
Tangible assets
12
360,569
I,IOD,Ot>D
1,460,569
1,457,180
CURRENT ASSET8
Debtors
Ch atbauk aail ill lJaThd
13
121,013
484,652
121,013
484,652
111,788
390,706
605,665
605,665
5U2,494
CREI DITORS
Amowts tsljing duewithin one y
14
1140,878)
{540.878)
1117512)
NET CURRENT A55ETS
464,787
464,787
334,912
TOTAL ASSETS LESS CUIIRENT
825Ji6
I.10D.o
1,925JS5
1,842.062
CREDoRs
falliTW thTe after MOthan oneyear
15
{I,AOO,000) {I,100.fMKI) 11.100,OOt>)
NET AssErs
825,>56
742,662
FIJNDS
Unreslricted fu
17
825,356
742,662
TOTAL FUNDS
825J56
742,662
The$¢ fi]ja131 5tstements bave been prepared ac¢thObnGr with th¢ p[QViSiO$ pliCable to ch8rit8bl¢ companies
subject to t 5maJ] companies r¢girN¢
The
cial StateMts wcre apwved by the Board of TnreeS and lliiihorised for issve
¥*kn..dW _h.. 3nd were signed on its behalf by..
on
M J Albion- TnT5tee
The noles fonn partofthe8e fJBancial Statements
Page 12
## **Delphside Limited**
## **Cash Flow Statement for the Year Ended 31 March 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|31.3.21
£
126,822
(514)
126,308
(32,417)
55
(32,362)
93,946
390,706
484,652|31.3.20
£
94,608
(363)
94,245
(7,145)
105
(7,040)
87,205
303,501
390,706|
|---|---|---|
The notes form part of these financial statements
Page 13
**Delphside Limited**
## **Notes to the Cash Flow Statement for the Year Ended 31 March 2021**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Interest paid
(Increase)/decrease in debtors
Increase in creditors
**Net cash provided by operations**|31.3.21
£
82,694
29,528
(55)
514
(9,225)
23,366
126,822|31.3.20
£
(66,326)
33,885
(105)
363
69,284
57,507
94,608|
|---|---|---|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.4.20|Cash flow|At 31.3.21|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|390,706|93,946|484,652|
||390,706|93,946|484,652|
|**Total**|390,706|93,946|484,652|
The notes form part of these financial statements
Page 14
**Delphside Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Delpshide Limited is a registered charity in England. In the event of the charity being wound up, the liability in respect of guarantee is limited to £1 per member of the charity. The address of the registered office is given in the report to the trustees on page 6.The nature of the charity's operations and principal activities is to relieve mentally ill or infirm persons by the provision of accommodation and other assistance in order that they might be rehabilitated and resettled in the community at large.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank.
Income from charitable activities, income is recognised when the charity has entitlement to the funds.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|- in accordance with the property|
|---|---|
|Fixtures and fittings|- 15% on cost|
|Motor vehicles|- 25% on reducing balance|
|Computer equipment|- 33% on cost|
Items of equipment are capitalised where the purchase price exceeds £500. Fixed assets are measured at cost less accumulated depreciation.
## **Taxation**
As a registered charity the company is not liable to corporation tax on its income and therefore no liability arose on ordinary activities for the years ended 31 March 2020 and 31 March 2019.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 15
continued...
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Leasing commitments**
Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities on a straight line basis over the minimum lease term.
## **Gifts**
The buildings from which the company operates were initially furnished by St Helens & Knowsley Health Authority. All gifts in kind are not shown in the financial statements due to the difficulty in quantifying them.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Financial instruments**
The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The Charity has taken advantage of reduced disclosure exemptions permitted by FRS102.
## **Allocation of support costs**
Support costs, comprising the staff and overhead costs of the charity, are apportioned to the charity based on the time spent by employees. Those costs that are actual costs rather than apportioned costs have been included within the summary in note 12.
## **Judgements and key assumptions**
Estimates and judgements are continually evaluated and are based on historical evidence and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **Going concern**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as going concern in the foreseeable future.
## **2. DONATIONS AND LEGACIES**
||31.3.21|31.3.20|
|---|---|---|
||£|£|
|Donations|9,848|669|
Page 16
continued...
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Relief of suffering
Department of Social
Security
Relief of suffering
St Helens MBC
Relief of suffering
Knowsley MBC
Relief of suffering
Clinical Commissioning
Groups
Relief of suffering
Warrington CC
Relief of suffering
Hertfordshire trust
Relief of suffering
Liverpool CC|31.3.21
£
55
31.3.21
£
33,027
865,871
894,384
183,125
62,400
47,934
39,281
2,126,022|31.3.20
£
105
31.3.20
£
33,807
743,075
722,321
380,846
81,380
34,220
20,879|
|---|---|---|
|||2,016,528|
Income from charitable activities was £2,126,022 (2020 - £2,016,528) of which £147,082 (2020 - £nil) was attributable to restricted and £1,978,940 (2020 - £2,016,528) was attributable to unrestricted funds.
## **5. CHARITABLE ACTIVITIES COSTS**
Relief of suffering
Direct Costs (see note 6) £ 2,053,239
£147,082 (2020 - £nil) of the above costs were attributable to restricted fund and £1,906,157 (2020 - £2,083,628) were attributable to unrestricted funds.
continued...
Page 17
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES**
## **7.**
|Staff costs
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Printing, stationery & postage
Recruitment
Sundry expenses
Catering provisions
Catering consumables and equip
Housekeeping and laundry
Computer and software costs
Nursing consumables
Repairs and renewals
Redecoration
Gardening
Residents' welfare
Waste disposal
Motor and travel costs
Uniforms
Staff training and rehabilitat
Legal and professional fees
Bad debts
Management fees
Auditors' remuneration
HR costs
Depreciation
Interest payable and similar charges
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Hire of plant and machinery|31.3.21
£
1,529,818
26,282
16,282
23,184
56,187
6,786
11,153
2,838
2,282
100,733
4,022
40,096
43,572
8,252
52,635
-
5,335
19,787
21,892
2,941
7,420
2,356
17,739
6,515
4,800
10,290
-
29,528
514
2,053,239
31.3.21
£
29,528
26,282|31.3.20
£
1,504,737
17,598
14,054
21,434
56,103
6,854
13,750
2,704
4,629
97,197
7,279
34,616
39,940
13,925
53,141
5,445
143
24,486
20,450
4,368
5,231
6,301
49,205
8,200
4,800
8,790
24,000
33,885
363|
|---|---|---|
|||2,083,628|
|||31.3.20
£
33,885
17,598|
continued...
Page 18
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
## **Trustees' expenses**
During the year travelling expenses totalling £nil (2020: £nil) were reimbursed to trustees.
Expenses were reimbursed to nil (2020: nil) trustees during the year ended 31 March 2021.
## **9. STAFF COSTS**
|**STAFF COSTS**|||||
|---|---|---|---|---|
|Wages and salaries
The average monthly number of employees during the year was as follows:
Nursing and rehabilitation
Domestic, laundry, porters and drivers
Catering
Management and administration
Bank staff
No employees received emoluments in excess of £60,000.||31.3.21
£
1,529,818
1,529,818
31.3.21
32
15
5
5
12
69||31.3.20
£
1,504,737
1,504,737
31.3.20
35
15
5
5
-
60|
||||||
||**31.03.21**||31.03.20||
||**£**||£||
||||||
|Salaries and wages|1,391,104||1,354,901||
|Social security costs|100,178||103,391||
|Pensions|38,536||46,445||
||||||
||1,529,818||1,504,737||
||||||
The trustees consider key management personnel to be comprised of the Trustees, Registered Manager, Finance Manager and the Clinical Manager.
The total amount of employee benefits, including salaries, received by key management personnel was £173,301 (2020: £169,175)
continued...
Page 19
## **Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Relief of suffering
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Relief of suffering
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**11.**
**SUPPORT COSTS**
Support costs incurred in the year in relation to charitable activities
Staff costs
Hire of equipment
Rates and water
Insurance
Light and heat
Telephone
Printing, stationery and postage
Sundry expenses
Computer and software costs
Repairs and renewals
Redecoration
Motor and travel
Staff training
Legal and professional
Depreciation
Interest payable
Management fees
Auditor's remuneration|**ACTIVITIES**
Unrestricted
fund
£
669
2,016,528
105
2,017,302
2,083,628
(66,326)
808,988
742,662
were as follows:|Restricted
funds
£
-
-
-
-
-
-
-
-|
|---|---|---|
||||
continued...
Page 20
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **11. SUPPORT COSTS - continued**
126,277 113,734
|**12.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
Motor
property
fittings
vehicles
£
£
£
**COST**
At 1 April 2020
1,696,617
250,665
22,750
Additions
-
28,037
-
Disposals
-
(3,642)
-
At 31 March 2021
1,696,617
275,060
22,750
**DEPRECIATION**
At 1 April 2020
271,269
220,954
22,750
Charge for year
13,750
14,415
-
Eliminated on disposal
-
(3,642)
-
At 31 March 2021
285,019
231,727
22,750
**NET BOOK VALUE**
At 31 March 2021
1,411,598
43,333
-
At 31 March 2020
1,425,348
29,711
-
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income||Computer
equipment
£
19,812
4,380
-
24,192
17,191
1,363
-
18,554
5,638
2,621
31.3.21
£
52,599
-
68,414
121,013|Totals
£
1,989,844
32,417
(3,642)
2,018,619
532,164
29,528
(3,642)
558,050
1,460,569
1,457,680
31.3.20
£
42,100
506
69,182
111,788|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
continued...
Page 21
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income|31.3.21
£
38,505
40,710
35,791
25,872
140,878|31.3.20
£
18,807
22,519
16,339
59,847|
|---|---|---|
|||117,512|
## **15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|**CREDITORS: AMOUNTS FALLING DUE AFTER**|**MORE THAN ONE YEAR**||
|---|---|---|
||31.3.21|31.3.20|
||£|£|
|NHS Property Services loan|1,100,000|1,100,000|
The Nhs Property Services Limited loan (formerly Knowsley Primary Care Trust loan) is secured on the land and buildings at 11 Sandstone Drive, Prescot.
## **16. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
In more than five years
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
COVID 19 - Knowsley MBC
**TOTAL FUNDS**|At 1.4.20
£
742,662
742,662
Incoming
resources
£
1,988,851
147,082
2,135,933|31.3.21
£
23,906
103,358
-
127,264
Net
movement
in funds
£
82,694
82,694
Resources
expended
£
(1,906,157 )
(147,082)
(2,053,239 )|31.3.20
£
23,906
79,291
24,067
127,264
At
31.3.21
£
825,356
825,356
Movemen
in funds
£
82,694
-|31.3.20
£
23,906
79,291
24,067|
|---|---|---|---|---|
|||||127,264|
|||||At
31.3.21
£
825,356|
|||||825,356|
||||82,694||
## **17. MOVEMENT IN FUNDS**
continued...
Page 22
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.4.19
£
**Unrestricted funds**
General fund
808,988
**TOTAL FUNDS**
808,988
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
2,017,302
**TOTAL FUNDS**
2,017,302|Net
movement
in funds
£
(66,326)
(66,326)
Resources
expended
£
(2,083,628 )
(2,083,628 )|At
31.3.20
£
742,662
742,662
Movement
in funds
£
(66,326|At
31.3.20
£
742,662|
|---|---|---|---|
||||742,662|
|||(66,326||
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.19
£
808,988
808,988|Net
movement
in funds
£
16,368
16,368|At
31.3.21
£
825,356|
|---|---|---|---|
||||825,356|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
COVID 19 - Knowsley MBC
**TOTAL FUNDS**|Incoming
resources
£
4,006,153
147,082
4,153,235|Resources
expended
£
(3,989,785 )
(147,082)
(4,136,867 )|Movement
in funds
£
16,368
-|
|---|---|---|---|
||||16,368|
continued...
Page 23
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **18. RELATED PARTY DISCLOSURES**
Victor Welsh is a trustee of the charity and is also a partner in the firm Victor Welsh, Solicitors and Notary Public. During the year this firm, invoiced the charity £16,844 (2020: £27,888) for legal services provided. At the year end a balance of £nil (2020: £7,006) was owing to this firm.
During the year William Devling, a trustee of the charity, invoiced the charity £4,800 (2020 - £4,800) for management services provided. At the year end a balance of £2,400 (2020: £nil) was owing to him.
## **19. PENSION COSTS**
The pension costs charge represents the company's contributions payable to various deifined contribution schemes and amounted to £50,323 (2020: £,46,445). The amounts owing at 31 March 2021 in respect of these pension contributions were £9,067 (2020: £,7399).
## **20. ANALYSIS OF RESERVES**
||31.03.21|31.03.20|
|---|---|---|
||£|£|
||||
|Total reserves|825,356|742,662|
|**Less:**|||
|Fixed assets unrealised|(1,460,569 )|(1,457,680 )|
|**Add:**|||
|Long term liabilities|1,100,000|1,100,000|
||||
|Freely available reserves|464,787|384,982|
||||
||||
||||
||||
## **21. RESTRICTED FUNDS**
Following changes in legislation in prior years, St Helens & Knowsley Health Authority were required to dispose of Avondale Nursing Home.
During the year to 30 June 2002 it was agreed that Delphside Limited purchase the home from the Health Authority for £1,100,000. The purchase was funded by a 100% mortgage from St Helens & Knowsley Health Authority. Repayments of either capital or interest will not be required so long as the home is used for its current designated purpose.
This has been treated as a restricted fund, details of which are shown in the balance sheet on page 12.
The company was required to enter into a pre-emptive agreement with St Helens & Knowsley Health Authority to enable the Authority to re-purchase the home, for a sum equal to the purchase price paid by the company, in the event of any future disposal. It is on this basis that the directors have decided not to charge depreciation on freehold land and buildings.
The £1,100,000 mortgage, shown as a long term liability in note 15 above has not been discounted in the financial statements.
During the year the charity received grant monies of £147,082 from Knowsley MBC as financial support to cover specific additional costs arising as a result of the Covid-19 pandemic. All this grant money was expended during the year.
continued...
Page 24
**Delphside Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **22. CONTINGENT ASSET**
The Charity does not intend to sell its freehold property in the foreseeable future, particularly as the Trustees have ambitious plans to expand the provision of its charitable activities which would involve keeping the property in question and incurring further capital investment in improving it.
The Charity purchased the property in April 1999 with the aid of a loan from Knowsley Primary Care Trust (formerly St Helens and Knowsley Health Authority) of £1,100,000 secured by a Legal Charge and the Primary Care Trust was granted a Right of Pre-Emption exercisable until April 2020 . Therefore, the Charity, if it so wishes, may now sell the property to a third party without the constraint of the Pre-emption Agreement.
The terms of the Legal Charge, however, remain valid and provide that on any sale of the property by the Charity the sale price has to be agreed with the Primary Care Trust and the sale price is payable to the Primary Care Trust less the amount of any reasonable sums which shall be proved to the Primary Care Trust's reasonable satisfaction to have been expended by the Charity out of its own funds in effecting structural additions or improvements to the property.
Therefore, in the event that the property is ever sold by the Charity, it stands to benefit by up to a maximum of the expenditure it has incurred in effecting any structural additions or improvements to the property up to the date of sale.
Any potential economic benefit to be derived by the Charity in the future depends entirely on the property being sold. Since nobody can determine if the property will ever be sold in the future nor the amount of any potential economic benefit to be derived, it has been treated as a contingent asset for the purpose of these financial statements and not included in the Charity's balance sheet.
Page 25
## **Delphside Limited**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Deposit account interest
**Charitable activities**
Department of Social Security
St Helens MBC
Knowsley MBC
Clinical Commissioning Groups
Warrington CC
Hertfordshire trust
Liverpool CC
**Other income**
Sundry Income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Printing, stationery & postage
Recruitment
Sundry expenses
Catering provisions
Catering consumables and equip
Housekeeping and laundry
Computer and software costs
Nursing consumables
Repairs and renewals
Redecoration
Gardening
Residents' welfare
Waste disposal
Motor and travel costs
Uniforms
Staff training and rehabilitat
Carried forward|31.3.21
£
9,848
55
33,027
865,871
894,384
183,125
62,400
47,934
39,281
2,126,022
8
2,135,933
1,529,818
26,282
16,282
23,184
56,187
6,786
11,153
2,838
2,282
100,733
4,022
40,096
43,572
8,252
52,635
-
5,335
19,787
21,892
2,941
7,420
2,356
1,983,853|31.3.20
£
669
105
33,807
743,075
722,321
380,846
81,380
34,220
20,879|
|---|---|---|
|||2,016,528
-|
|||2,017,302
1,504,737
17,598
14,054
21,434
56,103
6,854
13,750
2,704
4,629
97,197
7,279
34,616
39,940
13,925
53,141
5,445
143
24,486
20,450
4,368
5,231
6,301
1,954,385|
This page does not form part of the statutory financial statements
Page 26
## **Delphside Limited**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**Charitable activities**
Brought forward
Legal and professional fees
Bad debts
Management fees
Auditors' remuneration
HR costs
Depreciation of tangible fixed assets
Bank interest
Total resources expended
**Net income/(expenditure)**|31.3.21
£
1,983,853
17,739
6,515
4,800
10,290
-
29,528
514
2,053,239
2,053,239
82,694|31.3.20
£
1,954,385
49,205
8,200
4,800
8,790
24,000
33,885
363
2,083,628
2,083,628
(66,326)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 27