**Care South (Company limited by guarantee) Annual Report and Financial Statements for the year ended 31 March 2021** 

**Company Number: 02565033 Charity Number: 1014697** 




Care South
Annual report
for the year ended 31 March 2021
Pages
Legal and administrative information
Directors, report
Strategic report
10-16
Independent audrtors, report
17-20
Consolidated statement of financial aGtivibes (including
income and expendrture account)
21
Balance sheets
Consolidated statement of cash flt)WS
23
Notes to the financial statements
24-44

Care South
Legal and administrative information
Dlrectors
Executive Team
Mrs Felicity Imin DL +.# A$
Chairman (Retired 22 July 2020)
Simon Bird MRICS
Chief Executive
Mr5 Jane Stichbury CBE QPM DL +.# h$
Chairman (from 22 July 2020)
Nicholas Fry BA (Hons) MRICS
Property Director
Mr Christopher Kean FCA +"# A
Vice Chairman
Simon Jenner BA {Hons) FCA
Finance Director & Deputy Chief ExeGutive
Mrs Lindsay Ann Ansell $
Martin Ross
Director of Care at Home
Mr Paul Causton BA (Honsl MA SoSicitor
CTA$
Margarèt Searle MCIPD
Director of Human Resources and Training
Dr Richard Day FRCP FRCPIED} +$
Aaron Whitehead
Director of Residential Care
Mr Richard Dyson #
Mr Richard Groom MBE FCIB +A
Penelope Sargeant ACIS
Company Secretary
{Resigned 31 July 2021)
Mr Charles Hunter FRICS +#$
Mr Geoffrey Warde MBE *A
Reglst8red Office
39 Commercial Road
Poole BH14 OHU
+ Member of the Audit Committee
Member of the Remuneration
Committee
Independent Auditors
Francis Clark LLP
Towngate House
2-8 Parkslone Road
Poole BH15 2PW
# Member of the Property and
Development Committee
Member of the Finan￿ Committee
Bankors
$ Member of the Care Governan
Committee
Barclays Bank plc
1 Churchill Place
London E14 5HP
Solicitors
Lester Aldridge LLP
Russell House
Oxford Road
Boumemouth BH8 8EK
The Royal Bank of Scotland plc
36 St Andrew Square
Edinburgh EH2 2YB

Care South
Directors, report
For the year ended 31 March 2021
The Directors, who are also the Charity's trustees under Charities Law, are pleased to present
their report and audited consolidated financial statements for Care South for the year ended 31
March 2021. The Directors, report includes all the information that is required to be included in a
trustees, annual report required by the Charities SORP (FRS102).
Principal activities and future developments
Care South (the 'Company'l is an independenl Company limited by guarantee. It is a not-for-
profit organisation and a registered charity governed by its Memorandum and Articles of
Association. The main activities and objectives of the Charitable Company are to provide
residential care facilities and other community care services in the south of England. The charity
registration number is 1014697 and the Company registration number is 2565033.
The Group includes the subsidiary companies Beauchamp House Nursing Home Limited and
Two Rivers Investments Limtted.
Beauchamp House Nursing Home Limited operated a nursing home and close care
accommodation in Somerset. It traded as a subsidiary and gift aided its profits to Care South.
The subsidiary has traded profitably during the year.
Two Rivers Investments Limited operated a nursing home and a residential care home, both in
North Devon. It traded as a subsidiary and gift aided its profits lo Care South. The subsidiary
has traded profitably during the year.
On 31 March 2021, Care South purchased the assets and trade of both subsidiary companies,
with all trade relating lo the nursing homes, residential Care home and close care accommodation
being transacted within the parent company from 1 April 2021. This streamlines and simplifies the
operations of the Group.
The consolidated financial statements for 2020-21 represent the results of the Group for the 12
months to 31 March 2021. The principal source of income for the Group is the fees it charges for
care services. The beneficiaries of the work of the Group are individuals who are in need of
residential or nursing care, rehabilitation, or servi￿$ from care al home. The Group has
ontractual arrangements with individuals, local authorities and clinical commissioning groups
ICCGSI.
The Group responds to the needs of its users by working in partnership with local authorities and
CCGS to develop and provide a range of quality care seNices in response to the anticipated need
of the population. Care South also conducts customer service sutveys amongst its residents, care
at home clients, relatives, health and social care professionals, and the results of these influen
the development of the Group.
The Group expects these principal activities to continue and further information on future
developments is included in the Strategic report.
Investment policy
The Board reviews its investment policy annually. The current policy is to invest funds in a
combination of bank deposit accoLsnts and managed investment portfolios. Bank deposits are to
be held in instant access accounts, or for fixed terms of six months or less. It is the Board's policy
that no more than one third of cash balan￿S will be deposited with any one of the following major
banks at any one time.. Barclays Bank plc, The Royal Bank of Scotland plc, HSBC plc, Natwesl
Bank plc and Lloyds Bank plc. It is also current policy that a minimum of £3.Om will be held in
bank deposit accounts at any given time.

Care South
Directors. report
for the year ended 31 March 2021 (continued)
Following a strategic review of investment policy, the Board decided to place a proportion of funds
into a balanced medium risk investment portfolio, managed by an external investment manager,
in order to generate a better rate of return on liquid assets. A sum of £3,000,000 was transferred
into the portfolio during the 2018-19 financial year. No further funds were added into the portfolio
during the 2020-21 financial year. Post year-end, a further £3,000,000 has been invested in the
portfolio.
Policy on reserves
The Board considers annually the appropriate level of reserves lo be held considering the
requirements of the Group, in conjunction with the guidance issued by the Charity Commission.
In determining a Reserves Policy, the Board have identified the following core objectives..
The creation of a strong balan￿ sheet position to support the development ofthe Charity
and services, along with the improvement of the existing property portrolio and the
onstruction or purchase of further residential care homes.
The establishment of sufficient reserves to ensure that the Group has appropriate liquidity
to build resilience against short term or sudden fluctuations in income or cost levels and
can ensure that commitments lo providing services to our clients Can be made with
confidence.
Taking into consideration these core objectives, Board policy is to target a level of reserves
sufficient to fund the fixed asset base held for use within the Group, to the extent that those assets
are not funded by bank loans. Additionally, it is Board policy to hold further reserves sufficient lo
cover between 4 and 6 months of underlying operating expenditure. As al 31 March 2021, this
represents a reserves target of between £47.8m and £54.4m, while the actual level of unrestricted
reserves held is £56.4m.
Following the strong operating perf0rnan￿ seen during 2020-21, the Gurrent level of reseNes
are therefore slightly in excess the targeted range. It is however envisaged that this will be a short
term position and that the reserves level will return to the targeted range, as refurbishment and
development projects that have been delayed or postponed due to the Covid-19 pandemic are
taken forward.
Directors
The Directors of the Company who were in Offi￿ during the year and up to the date of signing
the financial statements are listed on page 1. None of the Directors had a material interest in any
contract to which the Company was a party during the year.
The Board ensures that its governan￿ is appropriate and effective by appointing Directors who
come from a broad base of experience wilh diverse skills and who are conversant with the
regulatory requirements of Corporate Governan￿.
Five Committees report to the Board - Audit, Remuneration, Propety and Development, Finance
and Care Governance.
The Board seeks to ensure that..
the Board is represented across the area of its business,. and
collectively the Board has particular expertise, with business and community experien
relevant to the Charity and its aims.

Care South
Directors, report
for the year ended 31 March 2021 (continued)
New Directors are appointed by recommendation from Directors or outside stakeholders taking
account of the skills and knowledge required, and appropriate to the diversity of the Group.
New Directors are interviewed by the Chairman and one olher Director prior to appointment by
the Board. Every new Director has an induction. New Directors are encouraged to sil on one of
the five Committees and lake an active interest in the affairs of the Group which includes visiting
the homes and home care offices.
Mrs Tiggy Ansell, Mr Richard Day and Mr Richard Dyson are due to retire by rotation at Ihe
forthcoming Annual General Meeting. They are eligible to stand for r&election for a further three
years.
Directors are not offered any remuneration but may be paid all reasonable travelling, hotel and
other expenses incurred.
Directors, Indemnity Insuran￿, provided by a third party, is in pla￿ to protect the Directors and
Officers in respect of negligence, default, breach of duty, or breach of trust of which they may be
guilty in relation to their roles as Directors. The cost of the insurance for the year was £2,400
12020.. £2,325).
Decision making in the Group
The Directors delegate day to day running of th8 Group to the Executive Team. Each member of
the Executive Team attends and submits a written report at the Board Meetings. The Board
approves annual operating budgets, staff budgets and capital expenditure budgets, and reports
are submitted lo Board members updating progress against the budgets at each of their meetings.
Employees
The Group gives full and fair consideration to application5 for employment made by disabled
persons, having regard to their particular aptitudes and abilities. Employees of the Group who
become disabled during their employment are given appropriate training wherever possible.
Disabled employees are given the same opportunities for career advan￿rnent as any other
employee.
The Group recognises the importance of good communication and relations with employees and
values their contribution to the Group.
staff Association
All employed staff are members of Care SoLJth's Staff Association. The Association meets at
least twice a year and is an effective and constru¢tive means of encouraging open communication
and discussion, and Ihe sharing of ideas and opinions amongst staff. Financial and economic
factors that affect the performance of the Group are regularly reviewed and disGussed. Staff
consultation is the normal way of developing and achieving the Group's objectives.
Care South's Staff Association has the aims of..
enabling all staff to PLrt forward and develop constructive proposals and ideas.,
allowing consultation to take place through elected representatives on matters of 9eneral
importance and concern including Health and Safety matters., and
involving staff in the aims of the Group, thus increasing effectiveness, job satisfaction and
engagement.

Care South
Directors, report
for the year ended 31 March 2021 (continued)
Employee benefits
The Company enrols all qualfying staff into a defined benefit pension scheme operated by The
Pensions Trust. A small number of staff were previously enrolled in a stakeholder pension scheme
operated by Standard Life plc. As a qualifying scheme under pension auto-enrolment Segislation,
this scheme remains active for a small number of existing members.
Financial risk management- bank loans
The Group has in place a risk management programme that seeks to limit the adverse effects of
debt service costs on the financial performance of the Group by monitoring levels of debt finance
and the related finance cost5.
The Directors take overall responsibility for monitorin9 financial risk. The policies set by the Board
of Directors are implemented by the Finance Director.
In order to ensure stability of cash out flows and manage interest rate risk, the Board reviews
what is in the best interests of the Group on each occasion that it enters into a loan agreement.
To date, the Group has entered into eight main loan agreements at a mixture of fixed and floating
rates.
Financial risk management- credit risk
The Group credit risk is spread be￿een both private individuals and local authority clients. The
highest level of credit risk 0￿UrS when residents are moving between private and loca5 authority
funding. This can lead to uncertainty as to who is responsible for payment of fees and delays in
payments being received, while the issues of funding responsibility are resolved. Therefore, while
local authorty funded residents are in principle a low credit risk, it is ne￿SSary to ensure that
contract documentation is robustly managed to mitigate this risk. In respect of privately funded
residential clients the Group takes appropriate steps to establish the credit worthiness of
customers prior to admission, and they pay a deposit of one month's fees.
Financial risk management- price risk
The Group financial performance is exposed to the impact of inflation on both staff and non-staff
costs. In order to ensure that increasing costs can be recovered, terms ar)d conditions for private
clients allow the pricing of services to be reviewed each year. Contracts with local authorities are
considered on a case-by-case basis and reviewed to ensure they are financially sustainable for
the Group.
Financial risk management- liquidity and cash flow risk
It is Group policy to maintain a sufficient cash balance at all times in order to ensure liquidity.
Investment and expenditure plans are considered prudently in line with the availability of funds.
Relationships with related parties
The Group has two trading subsidiaries, Beauchamp House Nursing Home Limited and Two
Rivers Investments Limlted, and three dormant subsidiaries, which have not traded during the
financial year. On 31 March 2021, the assets and trade of the two trading Subsidiaries were
purchased by Care South. All trading activity from 1 April 2021 is now conducted wtthin the Care
South entity. Post year*nd the three dormant subsidiaries have been struck off.

Care South
Directors, report
for the year ended 31 March 2021 (continued)
Charltablo and taxation status
Thè Charity Commissionèr granted charitable status lo th6 Company on 12 October 1992.
Charitable activities are exempt from tax under section 505 of the Income and Corporation Taxes
Act ("ICTA"11988, and accordingly no corporation tax has been provided for in these financial
statements. Profi15 from its subsidiaries
Beauchamp House Nursing Home Limited and Two
Rivers Investment5 Limited - are gift aided to Care South.
The Group does nol engage in fundraising to meet rts tharitable objects'ves.
Carbon Eneryy Reporting
The table beS¢)w ouuines the energy use by the Group during the 2021>21 financial year.
Units
202￿21
Units
Carbon Energy Reporting 202(k21
2019-20
Electricity
Gas
3,116.521
10,620,845
928,338
14,665,705
727
3.232,547
10,514,974
1,098,593
14.846,114
754
UK Energy Use IKWhl
Transport
Total
Electricity
Gas
Associated Greenhouse Gases
Tonne5 C02e
1,953
254
1,933
301
Tran5POrt
Total
Electricity
Gas
2,934
0.64
2.988
0.67
Intensity Ratio l- Tonnes C02e
per FTE Staff member
1.73
1.73
Transport
Total
0.23
0.27
2.67
Electricity
Ga5
Transport
Total
15.22
16.47
Intensity Ratio 2- Tonnes C02e
per Million £ Income
42.26
5.33
61.44
6.58
65.31
Enew Efficiency Measures Und8rtak8n During th8 Year
During 2020-21, the Group saw a reduction in energy usage from electricity and transport, along
wtth a small increase in the use of gas. The increase in the use of gas was due to the conversion
of the last heating oil boilers within the Group to run on gas during 2019-20. Therefore while gas
consumption increased slightly during the year, this was more than offset by the reduced use of
heating oil, which is not captured within this data. All energy intensity ratios demonstrated
improvement during the year, with the exception of gas usage per FTE staff member, which
remained the same, due to thè S￿tch from heating oil OLrtlined above.
The majority of energy usage in rèlation to transport comes from our care at home staff travelling
between clients to deliver care in peoples home. This activity continued as normal during the year,
however a reduction in other staff travel and in transport of Gare home residents out on activities
saw some notable reduction, due to the Covid-19 restrictions in place during the year.

Care South
Directors, report
for the year ended 31 March 2021 (continued)
Due to Covid-19 restrictions Wthin our care homes, planned work to rèplacè old, inefficient boilers
and upgrade lighting systems with LED in 2020-21 was not possible. However the installation of
modern heating controls at Castle Dene and Dorset House was completed, which should have
long temi benefits for energy efficiency.
Budgetary provision has been made in 2021-22 for LED lighting upgrades in three of our care
homes and replacement boilers al Kenwfth Castle. The boilers al Kenwith Castle will be replaced
with A rated condensing boilers which have modulating gas premix burners that automatically
adapt to Ihe current heat demand, enabling the heating system to work extremely efficiently even
under parts'al load.
Methcxlologies Used in Calculating these Disclosures
Usage of electricty and gas has ￿en provided by our energy broker from meter dala. The energy
usage for electricty and gas for 2019-20 has been upjated from the fuures reported lasi year to
correct some small Identif￿ anomalies.
Conversion from kwh to C02 has been made using the UK Government GHC conversion factors
for company reporting. Energy usage for transport has been derived from mileage data taken
from employee expense claims and from MOT mileage data for company owned vans and
minibuses. Conversion of mileage into kwh and C02 equivalents has followed the same
government reporting guidelines.
Covid-19
Our 2020-21 financial year ComMen￿d shortly after the start of the first national lockdown. As a
provider of residential care and care at home care Services to extremely vulnerable groups of
people, Care South has been al the forefront of the need to support our residents. clients and
slaff, safely, responsibly and compassionately through the pandemic. We have been determined
from the outsel to take all necessary actions to ensure the safety and wellbeing of our residents,
our home care clients and our staff. Throughout the year, Care South has closely monitored and
implemented govemment guidan￿ in relation to infection control measures, staff, resident and
visitor testing and vacGination programmes.
During the pandemic, our primary focus has been in keeping all of our resKlents and clients safe,
well-fed and entertained. and our staff welloquipped and prolected so that they can continue to
observe the very highest standards of care, cleanliness and infection control throughout our care
homes and offices. Very sadly, a number of our residents passed away in this period, some havir
tested positive for Covid-19.
The greatest finanual impact from the pandemic has been the reduction in occupancy levels,
where for signfficant periods during the year, enquiry and new admission rates were very low,
following negative publicty for the sector within the national press. Fortunately the Group has
been able to mitigate much of the impact with some significant undertying improvements in the
efficiency of our staff costs. Agency staff usage was reduced by over 60 /¢ during the year, while
Ihe benefrts from the move to an electronic time and attendance system realised further significant
efficiencies.
While the pandemic itself placed some major upwards pressure on staff costs, central govemment
distributed infection control and rapid testing grants to all CQC registered homes across the care
sector, which were invaluable to help fund additional costs. The Group deployed additional staff
to underpin effective infection control measures, perform Covid-19 testing and support safe
visiting, which have been funded by the grants, along with the payment of full wage5 to staff who
were self-isolating in line with govemment guidan￿. The Group also made some limtted use of

Care South
Directors, report
for the year ended 31 March 2021 (continued)
the Coronavirus job retention scheme, to fund the pay of staff who could not work due to shielding
requirements.
Post year-end, we have continued to work hard to restore confidence and promote our services
We have subsequently seen enquiry levels return lo much more healthy levels. Occupancy levels
have been increasing once again and we have seen continued growth in care at home.
While the Covid-19 pandemic has presented many challenges for the Group, both operational
and financial, we believe that these issues have been well managed arld that the worst is now
over. Our SerVi￿S continue to slowly get back lo nomal, while maintaining all of the enhanced
infection Gontrol and safety measure5 that will ensure we keep our residents, care at home clients
and our staff Safe.
In June 2020 the Charity Commission issued a regulatory alert to lar9e charities w(th a more
complex governan￿ and management structure. Subsequently, Care South was randomly
selected by the Charity Commission to carry Dut a review of its operations, Structure and overall
govemance, its policies and procedures and the impact of Covid-19. The review process was
comprehensive and the Charity Commission subsequently CDnfirmed that it had been assured by
Care South's responses and overall governance and management.
Going Concern
Given the past, current and forecast perf0mlan￿ of the Group, the Directors believe that it
remains appropriate to prepare the financial statements on a going concem basis. While the
Covid-19 pandemic has had a substantial impact on our operations, the need for our care ServI￿S
remains strong. Our business therefore has a sound basis upon which to look to the future with
confidence. The Group continues to generate both strong positive cash-flow and profit levels and
has done so throughout the period of the pandemic.
Post year-end, the Group has continued to trade profitably and has been seeing increases in
occupancy levels, along with continued growth within Gare at home. Our forecasts and predictions
of the Groups performance over the short, medium and long term support the assertion that going
cOn￿M continues to be the appropriate basis on which to prepare the financial statements.
Statement of Dire¢tors' responsibilities
The Directors are responsible for preparsng the Annual Report and the Financial Statements in
accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year.
Under that law the Directors have prepared the financial statements in accordance with United
Kingdom Generally AC￿pted Accounting Practi￿ {United Kingdom AccDunting Standards,
comprising FRS 102 °The Financial Reporting Standard Applicable in the UK and Republic of
Ireland. and applicable lawl. Under company law, the Directors must not approve the financial
statements unless they are satisfied that they give a true and fair view of the state of the affairs
of the Company and the Group and of the incoming resources and application of reSoUr￿s,
including the income and expenditure, of the Group for that period. In preparing the financial
statements, the Directors are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principals in the Chartties SORP.,
state whether applicable United Kingdom Accounting Standards, including FRS102 have
been followed. subject to any material departures disclosed and explained in the financial
statements.,

Care South
Directors. report
for the year ended 31 March 2021 {continued)
make judgements accounting estimates that are reasonable and prudent. and
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the Cornpany will continue in business.
Thè Directors are responsible for keeping adequatè accounting records Ihat are SLrfficient to sh¢)w
and explain the Cornpany'5 transaction5 and disclose with reasonable accuracy at any time the
financial p051tion of the Company and Ihe Group. and enable thèm to ensure that the financial
statement5 ¢omply wth the Companies Act 2006. They are also respjnsible for safeguarding the
assets of the Company and the GTOUP and hence for taking reasonable Steps for the prevention
and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the corporate and finanGial
infomation included on the Charitable Company's website. Legislation in the United Kingdom
goveming the preparation and dissemination of financial staternents may differ from legislation in
other jurisdictions.
statèment of dlsclosure of information to audltors
In the case of eath Director in office at the date the Directors, report is approved..
So far as the Director 15 aware, there is no relevant audit information of which the
Charitable Company's auditors are unaware., and
They have taken all steps that they ought to have taken to make himselflherself aware
of any relevant audrt information and lo establish that the auditors are aware of that
infomiation.
Independent auditors
The independent auditors, PKF Francis Clark, have indicated their willingness to continue in office
and a resolution con￿mIng their reappointment will be proposed al the Annual General Meeting.
By order of the Board
hbury
Chairm
29Se
ber 2021

Care South
10
Strategic report
for the year ended 31 March 2021
The Directors present their strategic report for the year ended 31 March 2021.
Financial overrfiew and future developments
Group incoming resources increased by 4.4%, compared with the previous year, to £47.8m (2020..
£45.75m). Income from charitable activities declined by £0.1 m (0.40kl overall, reflecting lower
oGGupancy levels within residential care and billed hours in care al home, followin9 the impact
from the Covid-19 pandemic. This was partially offset by increases in average fee rates. Income
from other trading activities declined by £0.1 m, reflecting some reduction in occupancy within the
homes operated in the Groups Subsidiaries.
Other income increased by £2.2m, the majority of this representing infection control and rapid
testing grant income received via local authorities from central government. This income was
used to help ensure that robust infection control measures have been maintained across all of
our homes and that regular Covid-19 testing Df our workforce and residents has been perfomed
in line with government guidance. A donatlDn of £250,000 has been left to Sussexdown by the
Estate of Wing Commander Neville W. G. Baker, Deceased and this has been added to restricted
funds. This is being used for a number of specrfied purposes that will benefit the current and fLrture
residents of the home and for which Care South is most grateful.
The Group total expenditure decreased by 2.20/0, reflecting the Sower occupancy level within
residential care and a reduction in the usage of agency staff. The Group reported a net income
before other recognised gains and losses of £7.6m12020.' £4.7ml.
After other recognised gains and losses the Group reported a Net Movement in Funds of £8.4m
(2020.. £4.3ml. The surplus for the year has been added to reserves. Group reserves have
increased to £56.7m (2020.. £48.3m}. It is the Board's intention to invest significantly in both new
and existing services in the short to medium term. The level of reserves held at the end of the
year is slightly in excess of the range outlined within the Groups Reserves Policy, but is expected
to fall back in line when the planned investments are taken forward. The Group Balance sheet
remains strong, with £21.4m held in cash reserves.
Purposes and aims
In delivering Care South's purposes and aims, the Directors have considered Charity Commission
gu￿darnce on public benefit. The Charitable Company has complied with the duty set out in section
17 of the Charities Act 2011 to have due regard lo public benefit guidance published by the
Commission.
Care South's purpose as set out in the objects contained in the Company'5 Memorandum of
Association is to provide residential care facilities and other community care services in the south
of England.
The Directors review the objectives and strategy each year. They have referred to the Charity
Commission's general guidance on public benefit when undertaking this review and when
planning future acttvities. The objectives and achievements are considered to incorporate the
principal risks and uncertainties of the Group.
Care South's main activities are described in this Strategic report. All its charitable activities focus
on the provision of residential care facilities and other community care services and are
undertaken to further its charitable purposes for the public benefrt.

Care South
Strategic report
for the year ended 31 March 2021 (continued)
Care South's long temi strategy
To deliver quality care services which meet all relevant regulations and are rated at least
"Good. by CQC,
To attract, train, develop and retain engaged staff to deliver quality care services.,
To expand and develop a range of seNices lo meet the needs primarily of older people,
but not excluding other age ranges.
To enhance the property portfolio of the charity to provide security for the future.,
To work with Socal authorities and other commissioners to meet the future need.,
To remain financially viable and maintain reserves in line with our Reserves Policy,. and
To continue the on-going programme of investment in the existing homes.
Objectives and achievements for 2020-21
With the onset of the Covid-19 pandemic, the absolute priority for Care South has been to ensure
the safety and wellbeing of our residents, clients and staff. We are extremely proud of the extra-
ordinary dedication that our staff have shown in protecting our residents, clients and each other.
The priority of the Directors and Executive team has been to ensure that we have supported our
extra-ordinary frontline staff in continuing to safely deliver care under particularly Ghallenging
circumstances.
The objectives derived from our long-tem strategy were reviewed and agreed by the Board in
November 2020. The table below outlines our objectives for 2020-21 and our assessment of the
achievement and success against each of these objectives.
Ob'ective
deliver
quality
care
services which meet all
relevant regulations and are
rated at least "Good. by CQC.
Achievement
The standard of care is continually monitored through internal
quality audits and feedback from residentslservice users and
relatives with constant focus upon delivering quality care. The
Care Governan￿ Committee reviews the results of internal
audits and CQC inspections as part of the ongoing
commitment lo deliver quality care. The results of CQC
inspections for Care South homes and se￿iceS can be found
at www.c
c.or
.uk The Covid-19 pandemic impacted the
performan￿ of both intemal audits and CQC inspections
durin
the
ear.
The Group continues to invest in training and development of
staff, although the delivery and prioritisation of training was
impacted by the Covid-19 pandemic during the year. Our
priority has been focused on delivering all mandatory training
to both existing and new staff, while continuing to invest in
improving the quality of our approach to recruitment and
trainin
The Group has targeted the expansion and development of the
care at home offer and delivered significant rates of growth
during the year, in spite of the restrictions and measures
ne￿SSary to manage the impacts from the Covid-19
pandemic. The Group remains committed to further growth in
care at home and in April 2021 acquired new premises in
Poundbury, from which a West Dorsel office was launched in
June 2021.
Expansion and new development took something of a back
seat during the year, with the key priority of the Group being to
maintain the safet
and wellbein
of our existin
residents,
To attract, train, develop and
retain engaged staff lo deliver
quality care services.
To expand and develop a
range of services to meet the
needs primarily of older
people, but not excluding
other age ranges.
To enhance the property
portfolio of the Charity lo
rovide securit for the future.

Care South
12
clients and staff. Nevertheless, plans for the development of
site in Poole acquired in September 2019 were taken forward,
with detailed plans for planning consent submitted lo the local
authority. As the worst impacts of the pandemic have passed,
the Group have been actively evaluating a number of new site
ortunities for further develo
ment.
The Executive Team continues to have strategic discussions
with local authorities and commissioners. The Group worked
closely and flexibly with local authority commissioners during
the year to support hospital discharge requirements at various
pressure points throughout the year, as the Covid-19
pandemic took hold. This included entering into a number of
temporary block book bed arrangements within residential
care and increased block work within care at home lo support
Glients being discharged from hospital back into their own
homes.
During the year, Group resetves increased by £8.4m,
reflecting a strong operating performance from the business.
Group unrestricted reserves of £56.4m are slightly in excess
the range targeted by the reserves policy, but are expected to
return to a level within the targeted range, On￿ projects
dela
ed b the Covid-19
andemic are taken forward.
The Group continues lo invest significantly in existing services,
to ensure that the environment and facilities in each of our
residential homes are maintained in a good state of repair. The
Covid-19 pandemic led lo significant periods during the year,
when contractor visits to our homes were limited to essential
works only. However the Group has acted quickly to instigate
non-essential improvement works On￿ restrictions were lifted,
with appropriate risk assessments in place.
To work with local authorities
and other commissioners to
meet the future need.
To remain financially viable
and hold reserves in line with
our reserves policy.
To continue the on-going
programme of investment in
the existing homes.
Our objectives for 202112022 remain unchanged.
Review of business and developments during the year
The Consolidated Statement of Financial Activities for the year is set out on page 21. A review of
financial performance during the year and the closing financial position is inclLJded in the Financial
overview and future developments section above.
Since its formation, Care South has built an ex￿lIent reputation for the provision of high quality
care services - recognising the individual needs of its clients, and the importance of training and
development of slaff in the delivery of quality care.
In recent years, Care South has expanded its range of care Servi￿8, operating across the south
of England, from Devon to Wesl Sussex, and embarked on a redevelopment programme for the
repla￿ment of some homes, lo include dedicated dementia faciltties.
Care SoLrth operates 16 residential care homes, some of which have dedicated dementia units;
3 Gurrently providing nursing care. No home openings or closures took place during the year.
The Group also owns the freeholds of 14 close care houses and apartments at Beauchamp House
in Somerset,. 11 close care apartments built at Strome Park, Storrington,. 18 close care apartments
and cottages at St Ives House, Ringwood., 9 apartments at Alexandra House, Parkslone and 31
close care bungalows at Kenwith Castle Gardens, Devon. At all developments, the properties
are either sold on a long leasehold basis, or let on short-term tenancy agreements.

Care South
13
Strategic report
for the year ended 31 March 2021 (continued)
The Group owns eight care homes.. Talbot View and Wickmeads in Boumemouth, Alexandra
House in Poole, St Ives House near Ringwood, Maiden Castle House in Dorchester, Sussexdown
in Storrington, West Sussex, Beauchamp House in Halch Beauchamp, Somerset, and Kenwith
Castle near Bideford, North Devon. It also owns the head office facility in Poole, and offices in
Dorohester and Bath for organising the delivery of home care.
Care South leases six care homes.. two from housing associations, Fairiawn in Ferndown, and
Buxton House in Weymouth and one home, Fem Brook Lodge, from an investment fund. Two
Rivers Investments Limited leases Fremington Manor near Bamstaple from a private company.
The Group also lease5 premises in Crewkerne for organising the delivery of home care.
Four homes are leased from BCP Council. The Group continues to hold strategic discussions
with both BCP Council and Dorset Council with a view to meeting the future needs of the local
authority commissioners.
The Group also owns the freehold interest of a site in Poole. Plans for the redevelopment of the
site are well underway, with a planning application submitted, and it is anticipaled that a new care
home will be developed and be ready lo welcome its first residents during the 2022-23 financial
year.
The Care South Learning & Development team continues to provide an extensive programme of
social care training, which includes all mandalory training required by law. In addition, general
and management development training opportunities are made available to staff through fa￿ to
fa￿ training, distance learning and e-learning. During the year, the delivery of face to face training
was constrained by the restrictions required in response to the Covid-19 pandemic, with e
learning and remote learning being the focus for mandatory training.
Subsidiary company activities and perfonnance
Beauchamp House Nursing Home Limited continued to operate a nursing home and close care
accommodation throughout 2020-21. For the year to 31 March 2021 it reported a pre tax profit of
£0.5m (2020". £0.1ml.
Two Rivers Investments Limited continued to operate a nursing home, a residential care home
and provided Se￿ICeS to the residents of close care accommodation throughout 2020-21. For
the year to 31 March 2021 it reported a pre tax profit of £1.3m {2020'. £1.Om).
On 31 March 2021, the assets and trade of both subsidiaries was purchased by Care South. The
purchase price was equal to the net assets of each subsidiary company as at the purchase date.
All trade within the setvices previously operated by the subsidiary companies has been transacted
within Care South from 1 April 2021.
The subsidiary companies are therefore no longer trading. By simplifying the trading structure,
administrative efficiencies will be realised within the Group.

Care South
14
Strategic report
for the year ended 31 March 2021 (continued)
Risk management and controls
Care South has a formalised system for identifying risks to which the business may be exposed
and ensuring that adequate controls are in place to manage risk. The risk register is reviewed on
an ongoing basis, lo ensure that actions are always in place to address new and emerging risks.
The Board has allocated responsibility to the Executive Team for monitoring and managing these
risks and requires regular reporting against the identified risks. The prinGipal risks and
uncertainties are identified and recorded in the risk regisler, along with the related controls and
actions. The highest risks identified are shown in the table below..
Risk
Pandemic or similar e.g. Covid-19
potentially impacting delivery of care,
financial and reputational losses.
Controls l Miti
ation
Infection Gontrol policies and procedures.
Ongoing referen￿ lo government guidance.
Vaccination, testing and harm reduction
measures. Clear advice given to staff regarding
sickness absence and notification. PPE supplies
for minimum 6 months now held. WorkplaTr risk
assessments. Ongoing monitoring of impact.
Poor economic climate - due lo prevailing
economic I political uncertainty I Covid-19
pandemic l Brexit, impacting prorrtability
and ability to grow.
Budgetary Control, flexibility to alter staffing
levels, good reseNes.
Weekly oGGupan¢y
statistics. Improved marketing. Long-term block
purchase contracts. Increased provision of
dementia care.
Recruitment difficulties
reflective of the
sector challenge of high turnover, small
pool of Gandidates, saturation of adverts,
potentially impacting on the delivery of
care, Gost levels and the ability to achieve
growth.
Specialist recruitment team, Glear recruitment
and advertising plans, spread in methods of
attractions, increased investment, Competitive
packages offered to staff.
Defects with new propety developments
and refurbishments, due to inadequate
supervision and scrutiny during build
contracts and architectural design defects,
leading to additional costs and impact on
occupancy l inwme where additional works
are needed.
Specialist project and development teams
focussed on care and the needs of the client,
close monitoring of prDjerts, tight ¢ontradual
arrangements, building surveyor scrutiny of
design work.
The Audit Committee 15 charged with the responsibility for ensuring that the organisation has
appropriate control systems, and receives recommendations from the auditors arising from issues
identified during the audit. The Finance Committee considers the annual budget of the Group
(prior to consideration and approval by the Board), and considers changes to financial poliGies
where necessary.
The Board is responsible for safeguarding the assets of the Group and hence for taking
reasonable steps for the prevention and detection of fraud and any other irregularities that could
occur and thereby provide reasonable assuran￿ that:
the Group is operating efficiently and effectively.,
its assets are safeguarded against unauthorised use or disposal.

Care South
15
strategic report
for the year ended 31 March 2021 (continued)
proper records are maintained and financial infom)ation used within the Group, or for
publication, is reliable,. and
the Group complies with relevant laws and regulations.
In addttion to its responsibilities for identifying and managing risks and approving the annual
budget, the Board of Directors receives and considers regular financial reports for the Group,
inGluding explanatlDns for variances from budget and other non financial indicators, Including
quality of care, health and safety, and those relating to staff and occupancy.
Remuneration Policy
Care South has a Remuneration Committee which meets annually and determines the ternis and
conditions of employment ofthe Chief Executive and members ofthe Senior Management Team.
The Chief Executive and Senior Management Team detemiine the salary leve15 for the Extended
Management Team and these are approved by the Chairman prior to implementation. In
considering salaries, the Committee reviews Care South's salaries against market rates and
ensures amendments are appropriate.
Section 172 {11 Statement
The Board of Directors, both individually and collectively act in good faith and in a way that they
would considerwould be most likely to promote the success ofthe Company and its stakeholders.
Our key stakeholders include our residents, our home care clients, our employees, our suppliers
and the local communities in which we operate.
Consideration of the Long Tem? Consequences of DeGisions
The consideration of the long term Consequences of decision making is an integral part of the
decision making process. As a not-for-profit Charity, the Company is not constrained by short
terrn financial targets and bases decisions on the basis of the long term benefits for all of our key
stakeholders.
The Interests of the Company's Employees
Our employees are fundamental to the qualty of the services we are able to offer our residents
and our care at home clients. Employing a well trained, motivated and engaged workforce is
therefore of paramount importance lo the Company. The Group invests extensively in the learning
and development of our workforce and has developed a people plan to ensure that we operate
best practice in staff recruitment, retention and engagement. The Care South Staff Association
ensures that all sites and services are represented in two way discussions, allowing staff views
and ideas to be incorporated in the decision making prO￿ss. In addition, staff sutveys are
performed to assess the success of our approach and to develop action plans to invest further in
workforce development. Extensive efforts have been made throughout the year to ensure thal our
staff have been supported through the Covid-19 pandemic, which has brought Unpre￿dented
additional pressures on our dedicated teams
Fostering of the Int8r8Sts of the Company's Business Relatiorpships
Relationships wth our clients and our supplier5 are critical to the success of the Company. We
aim lo deal with our clients and suppliers in an open, honest and transparent way. We understand
the importance of a professional and compassionate approach and look to treat all parties in a
fair and equitable way, in line with our core values as a Charity. Our residents and service users
reflect a mix of local aLrthority commissioned and private fee payer clients. The Company looks
to develop and maintain positive working relationships with local authority commissioners and to

Care South
16
Strategic report
for the year ended 31 March 2021 (continued)
position our services to offèr a high standard of care reflecting good value for money for our
private fee payers.
ImpaGt on the Gommunity & Environment
Vve aim that all of the services operated by the Company are integrated within and enhance the
local communities in whiGh they operate. Establishing and nurturing local community links are a
key element in Ihe SLIC￿SSful operation of our care homes, as we draw the majority of our
residents and staff from those local communities. The Company is mindful of our responsibility to
minimise our impact on the environment and our approach to this is outlined on page 6 within our
carbon energy reportin9 Statement.
Reputation for High Standards of Business Gonduct
Honesty, integrity and Iransparency are fundamental to the way in which the Company operates.
The success of our services is highly dependent upon maintainir)g high standards of service and
building a strong reputation in our local communlties. We aim to treat all of our stakeholders in a
fair and equttable way.
Acting Fairly Between Members of the Company
The Company is limited by guarantee and has no shareholders. The TrLtstee Diredors are the
members of the company and all members therefore have equal representation on the Board.
The Chaiman ofthe Board has a duty lo ensure that all Board members are given the opportunity
to expres5 their views before any importanl decision is taken.
By order of the Board
Jane Sti
Chairman
29 Sep
mber 2021

Care South
17
Independent Auditor's Report to the Members of Care South
Opinion
We have audited the financial statements of Care South (the 'parent company'l and its
subsidiaries {the 'group'l for the year ended 31 March 2021, which comprise the Consolidated
Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the
Consolidated Cash Flow Statement and the related notes, 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, including Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,
(United Kingdom Generally A¢￿pted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the group's and the parent company's affairs as at 31
March 2021 and of the group's profit for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally A¢￿PIed
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
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the group 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 director's 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 Un￿rtaIntieS relating
to events or CDnditions that, individually or collectively, may cast significant doubt on the
¢ompany's ability to continue as a going con￿rn for a period of at least twelve months from when
the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going con￿rn are
descrtbed in the relevant sections of this report.

Care South
18
Independent Auditor's Report to the Members of Care South
Other infomation
The responsible for the other infomation. The other information comprises the information
included in the annual report, other than the financial statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and, excepl to the
extent othewise explicitly stated in our report. we do not express any fom 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 Informat￿0￿ is malerially inconsistent with
the financial statements or our knowledge obtained in the audit or olherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstalement of the other information. If, based on the work we
have perfornied, 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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based Dn the work undertaken in the oourse of the audit..
the infomiation given in the Strategic Report and Directors, Report for the financial year for
which the financial statements are prepared is consistent with the financial statements., and
the Strategic Report and Directors, Report has been prepared in accordan￿ with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the group and the parent Gompany and its
environment obtained in the course of the audit, we have not identified material misstatements in
the Directors, report.
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 by the parent company, or returns adequate
for our audit have not been received from branches not visited by u5., or
the parent company financial statements are not in agreement with the accounting records and
returns., or
certain disclosures of directors, remuneration specified by law are not made.. or
we have not IEceived all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directorg, report set out on page 8, the director5 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 directors detemiine is ne￿SSary 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 directors are responsible for assessing the group's and
the parent company's ability to continue as a going con￿rn, disclosing, as applicable. matters
related to going concem and using the going concem basis of accounting unless the directors
either intend to liquidate the group or the parent company or to cease operations, or have no
realistic alternative but to do so.

Care South
19
Independent Auditor's Report to the Members of Care South
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whose are free from material misstatement, whether due to fraud or error, and to issue an auditor's
report that includes our opinion. Reasonab5e assurance is a high level of assurance, bLrt is not a
guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material
misstatement when il 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.
As part of our audit planning we obtained an understanding ofthe legal and regulatory framework
that is applicable to Care South, was gained through appropriate audit engagement team
selection (ensuring competence and capability to recognise non-compliance) and discussions
with management. This covered any knowledge or evidence of actual and potential fraud,
litigation and claims, which was followed up with corroborative audit review work. As part of our
planning procedures, we assessed the risk of any non-compliance with laws and regulations on
the charity's ability to continue trading and the risk of material misstatement lo the accounts.
Based on our understanding of the charity and industry, we identified that the principal risks of
non-compliance with laws and regulations relating to Charity Commission and Care Quality
Commission ( CQC"). We considered the extent to which non-compliance with these laws and
regulations may have a material effect on the financial statements. We also considered those
laws and regulations that have a direct impact on the preparation of the financial slatements such
as The Companies Art 2008.
We also discussed with management to what extent the busines5 is exposed to fraud - etther
inherently because of nature of operations, assets or because of weaknesses in internal controls.
From these discussions we have evaluated management's incentives and opportunities for
fraudulent manipulation of the financial statements. The key incentive identified is to ensure a
good financial position lo meet budgets and we determined that the principal risks were related
to the overstatement of profrt, either through overstating revenue, understating expenditure or
management bia5 in accounting estimates.
Based on this understanding we designed our audit Pro￿dureS to identrfy non-compliance with
relevant laws and regulations. Our procedures involved the following..
Enquiries of management regarding their knowledge of any non Complian￿ with laws and
regulations that could affect the financial statements. As part of these enquiries we also
discussed w'rth management whether there have been any known instances of fraud, of
which there were none.
Reviewed filings with the Charty Commission and whether there were any serious inGident
reports made during the year, of which there were none.
Reviewed documentation from the CQC to confirm compliance with standards, and
ensuring continued registration with the CQC through the CQC website.
Reviewed legal and professional costs to identify any possible non compliance or legal
costs in respect of non compliance.
Reviewed Board minutes.

Care South
20
Independent Auditor's Report to the Members of Care South
Auditor's responsibilities for the audit of the financial statements - continued
In response to the identified risk, as part of our aLKlit work we..
We sampled sales from contracts and other rewrds outside the accounting system to
ensure they are complete in the accounts. We reviewed documentation with customers to
ensure the revenue can be recognised in the year, and we rewewed the calculations of
gGcrued and deferred income.
Audited the risk of management override of ¢ontrols, including through testing journal
entries and other adjustments for appropriateness, and evaluating the business rationale
of significant transactions outside the normal wurse of business.
Reviewed estimates and judgements made in the accounts for any indication of bias and
chall8nged assumpticins used by management in making the estimates.
Because of the inherent limitations of an audit, there is a risk that we wll not detect all
irregularities, including those leading to a m8terial misslalement in the financial statements. This
risk increases the further removed non-compliance with laws and regulations is from the events
and transactions reflected in the financial statements as we are less likely to become aware of
instances of non-compliance. The risk of not detecting 2 material misslatemenl due to fraud is
higher than the risk of not detecting one resulting from error, as fraud may involve deliberate
concealment, collusion, omis510n or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's
website at www.frc.org.uklauditorsrespDnsibilities. This description forms part of our audrtor's
report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3
of Part 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might
state to the comparTy'S members those matters we are required to state to them in an auditor's
report and for no other purpose. Tothe fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company and the company's members as a body, for our
audit work, for this report, or for the opinions we have formed.
Duncan Leslie {SenioF Statutory Auditor)
PKF Francis Clark, Statutory Auditor
Towngate House
2 - 8 Parkstone Road
Poole
BH152PVV
Dale.. .OBI.10J202J.............

Care South
21
Consolidated statement of financial activities (including income and
expenditure account)
for the year ended 31 March 2021
Unrestricted Restric
funds
funds
2021
2021
£000
Unrestricted Reslricled
funds
funds
2020
2020
Total
2021
Total
2020
Note
£000
£000
£000
£000
£000
Income from:
Donations and legacies
250
250
Charitable activities
37,316
16
37.332
37,461
17
37,478
Other trading activities
Investment income
7,727
7,727
109
7,862
7,862
184
109
Other income
2,334
226
226
Total Income
47,486
266
47,752
45,733
17
45,750
Expenditure
Expendf(ure on
charitable activities
33,754
24
33,r18
34,372
17
34,389
Expenditure on other
trading activities
Other ex
enditure
6,385
6￿85
6,703
6,703
Total expenditu
40,139
24
40.163
41,075
17
41,092
Net income
10
7,347
242
7,589
4,S58
4,658
Transfers
16
1161
17
1171
Gainslllossesl on
investments
816
816
{3151
13151
Net movements in
funds
8,179
226
8,405
4,360
11n
4,343
Fund balan￿S brought
forward at 1 April
48,174
109
48,283
43,814
126
43,940
Fund balances at 31
March
56,353
335
56,688
48,174
109
48,283
The Group has no recognised gains and losses other than those included above. All results derive from cont'nuing
operations.
The￿ is no differen￿ be￿￿n the net income and the nel movement in funds, as reported above, and their historical
cost equNalents.

Care South
22
Balance Sheets as at 31 March 2021
Group Company
Group Company
Company No 02565033
Note
2021
£000
2021
£000
2020
£000
2020
£ODD
Flxed assets
Intangible a5*ts
Tangible assets
Investrnents
13
95
95
14
46,335
3.633
41.212
47,021
2.767
34,940
13,309
15
Total fixed assets
50.031
47.T19
49.883
48.344
Current assets
Debtor
16
3.443
3,761
7,102
15,341
Cash al bank and in hand
21,433
21.433
15,636
Total current assets
24.876
24,876
19,397
22,443
Creditors: amounts falling due within one year
17
17.5311 110,4021 (7,9981
18,5321
Net Current assets
17,345
14474
11,399
13,911
Totsl assets less current liabilities
67,376
61253
61,282
62,255
Creditors: amounts falllng due after more than
one year
18
(10,6881 {10,6881 112,9991 {12.9991
Total ngt assets
56,688
51.565
48,283
49,256
The funds ofthe char
Restricted incorne funds
20
335
335
109
Unrestrictgd inwme funds
Designated funds
General funds
21
34.302
22,051
32,050
19,180
37,779
10,395
36,240
12,￿7
21
Total unrestricted income funds
56,353
51,230
48,'174
49,147
Total charty funds
56,688
51.565
48,283
49,256
The financial statements on pages 21 to 44 were approved by the Board of Dire¢Xors on 29
September 2021 aTrJ were signed on its behalf b
e Stichb
Chairm
ris
er
ean
Vice Chairman

Care South
23
Consolidated Statement of Cash Flows
for the year ended 31 March 2021
Note
2021
£000
2020
£000
Net cash provided by operating aetlvltles
25
10.073
6,332
Cash flow from investing activities
Purchase of tangible fixed assets
Purchase of intangibbe fixed assets
Procèeds from the sale of tangible fixed assets
Financial investment
1933)
111}
15,474}
(70}
{867)
109
256
Interest received
184
Net cash used in investing activitles
{1.6971
{5,1041
Cash flow from financing activities
Loan interest paid
Receipt of bank loan
Loan capital repaid
14581
16811
{2,121)
11,9321
Net cash used in financing activlties
{2.5791
12,6131
Net change in cash and cash èqulvalents
Cash and cash equivalents at the beginning of the year
5.797
{1,3851
17,021
15.636
Cash and cash equlvalents at the end of the year
21,433
15,S36

Care South
24
Notes to the financial statements
for the year ended 31 March 2021
General information
Care South I'lhe cornpany'l provides residential care facilities and other community rare services in the
south of England.
The company is an independent Company limited by guarantee and is incorporated and domiciled in
England. The address of its registered office is 39 Commercial Rd, PDDle, Dorset, BH14 OHU.
Statement of Compliance
The financial statements of Care South have been prepared in accordance with the Financial Reporting
Standard applicable in the United Kingdom and the Republie of Iraland (FRS 1021, Charities SORP
IFRS1021, the Companies Act 2006 and the Charities Act 2011.
Statement of accounting policies
A summary of the more important Group accounting policies is Sel out below.
The principal accountsng policies applied in the preparation of these financial statements are set out below.
These policies havè been consistently applied to all the years presented, unless Otherwise stated. These
financial ststements arè prepared on a going cOn￿M basis, under the historical cost convention except for
financial instruments which are measured al lair value. Further details regarding use of going eoncern basis
can be found in the Directors Report, page 8.
Care South meets the definition of a public benefit entity under FRS102.
Group financial statements
These financial statements consolidate the results of the Company and its wholly owned subsidiaries
Beauchamp House Nursing Home Limited and Two Rivers Investments Limited using the acquisition
accounting method. The subsidiaries, accounting poI￿leS have been changed where necessary lo ensure
consistency with the wlicies adopted by the Group.
Basls of consolidatbon
The Group's financial statements consolidate the results of Care South I'the Company'l and all of ils subsidiary
undertaking8 drawn up lo 31 March, and are prePa￿d on a going conTrrn basis and a historic cost cOnVen￿n
has been applied. There are no material uncertainties in respect of the companies, ability to continue as a
going con￿rn. Accounting policies have been applied consislenlly acr05S the Group. The acqUisit￿n melhcm
of accounting has been adopted. Under this method, the results of the subsidiary undertakings acquired or
disposed of in the period are included in the consolidated statement of financial aclivi(ies from the date of
acquisib.on or up to the date of disposal.
Acquistion
On 31 March 2021, Care South purchased the assets and trade of its subsidiary companies, Beauchamp
House Nursing Home Limited and TVKJ Rwers Investrnents Limf(ed. The purchase consideration was equal to
the nel assets of each subsidiary company. Note 12 to the accounts shows the value of the nel assets
transferred.

Care South
25
ststement of accounting policies- continued
Exemptions
FRS102 allows a qualfying entity certain disclosure exemptDns subject to certain conditions which have been
complied with. The company has taken advantsge of the following ex&mplions'.
The requirement to prepare a statement of cash flows, under FRS 102, paragraph 1.12 Ibl, on the
basis that it includes the Company's cash flows in the consolidated financial slalements
The requirement of secb.on 33 Related Paty Disclosures paragraph 33.7 to discltsse the companvs
key management personnel compensation in total.
The requirement to provide Trrtain financial instrument di5¢1osure5, under FRS 102 paragraphs
11.39 10 11.48A and paragraphs 12.26 to 12.29, as the information is provided in the
consolidated financial statement disclosures.
The requirement to prepare a statement of financial activrffies, under FRS 102, paragraph 1.12
Ibl, on the basis that il includes the Company's financial activities in the consolidated financial
statements.
Tangible fixed assets
Generally, tangible fixed assets cosb'ng more than £2,000 are capitalised and included at purchase cos(
including any irrecoverable VAT, 109etherwith any incKSental costs of acquisition. less any impairment. Tangib
fixed assets costing les5 than £2,000 are generally expensed as incurred.
Depreciats"Dn is calculated so as to write off the cost of tangible f￿ed assets less their estimated residual values
on a straight line basis over the expected useful economic Sives of the assets COn￿med, as follows..
Years
Buildings
Short Leasehtsld Improvements
Computer Equipment
Fixtures, Fitbngs and Equipment
Motor Vehicles
50
Remaining length of lease
4-10
Land and assets in the course of construction are not depreciated. Loan interest on debt taken out swrfically
to fund assets in the course of Construction is capilalised and written off over the useful lrfe of the asset
In siluab.ons where an asset is not able to cornplele its initially assessed usefttl economic lÈfe, the remaining
useful life is established, and it is written off over the sh(xter period.
Donated assets are recognised at the stsrt of the assets, useful lives. The value of the assets is transfe￿ed to
restricted fund and the depreciation of those asse15 is charged lo that fund.
A review for impaimient of fixed assets is Ca￿led out al each balance sheet date to determine 'rf events or
changes in circumstances Indicate that the carrying value of any fLKed asset may not be recoverable. If there
is an indication of possible impairment, the recoverable amount of any affected asset is eslim8frd and
compared with the carrying amount. If the esb"mated recoverable amount is lower, the carrying value of the
asset is impaired. Impairment I0￿S are recogni5ed in the Statement of Financial ActNrties,
Investments
Investments are stated at cost, less any provisDn for impairment in value.
Listed investsnents are included al market value al the balance sheet date. Realised gains and losses on
investments are calculated as the differenTr be￿een sales proce￿$ and their market value at the start of the
year, or their subsequent cost and are charged or credited to the Slalemenl of Financial Actwilies in the period
of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or
charged lo the Statement of Financial Actwities based on the market value at the year end.

Care South
26
Statement of accounting policies - continued
Intsngible assets
Intangible assets are slated al cost less accumulated amortisalion and impairment10sses. AmortisatiDn is
calculatect, using the straighl-line method, to allocate the depreciable amount of the assets lo their residual
values over their esb'mated useful INes, as follows..
Goodwill- 10 years
Goodwill, being the ex￿$5 of eonsidemtion paid overthe fair value of nel assets acquired on the acquisition
of a business, is amorb.sed evenly over ils estimated useful life of len years.
So￿are- 3 years
Amortisalion is charged to charitable activities in the statement of financial activities. Where factors, such
as technological ac)Van￿ment or changes in market price, indicate that resicsual value or useful life have
changed, the residual value, useful life or amortisation rate are amended pr05pecb.vely lo reflect the new
circumstanTrs.
The assets are reviewed for impaiment rf the above factors indicate that the carrying amount may be
impaired.
Cash and cash equrvalènts
Cash and cash equivalents comprise cash on hand and demand deposits and other short temi, highly liquid
investments that are readily convertible lo a known amount of cash and are subject to an insignificant risk
of changes in value.
Income
Income from charitabbe and other trading actwities, which excludes value added tax, represents the value of
the residential and domiciSiary care services provided during the year and is recognised al the point the service
is provided. Fee depDsils invoiced and reTrived in advance are deferred until such lime as the service user
ases occupation in the Companls care homes. Income from revenue related to grants is recognised when
recerved. Investment income is re￿niSed in the period in which il is earned. Credit for legacy income is taken
in the year in which the amount can be assessed wrf(h probable certainty. Legacies for the general purposes
of the Charity are credited to 'General Funds,. Legacies subject to spectric wishes of the donors are cred'rted
lo 'Restricted Funds,.
Deferred income
Amounts received in advan￿ in respect of Block PurchaseAgreernents are included in deferred income at the
year end and also included in a restricted fund. Defe￿ed incorne is released to the SOFA over the period of
the related contract
Expenditure
l expènditure is accounted for on an accruals basis. Costs in relation lo governan￿ are not material and
have been included wlhin the costs of charitable a¢b"vilies. Irrecoverab￿ VAT irbcurred on resources
expended is charged as a cost to the Statement of Financial Activities.
Penslon costs
The Group has 2 defined contribution stakeholder pension scheme. From 1 September 2013 all qualifying
staff not in an eligible pènsion ￿herne were enrolled in a flexible retirement plan as required by auto-enrolment
legislation. C051s charged to charitable activities and commercial trading operab.ons are the contributions
payable in the year. DifFerences bètween contributions payable in the year and contribub.ons actually paid are
recorded as either aecruaK% or prepayments in the balance sheeL

Care South
27
ststement of accounting policies- Continued
Stock
Stock represents the costs of construction and the rights lo the use of land under leases of unsold close
are apartments and cottages, with lease periods of either 99 or 122 years. Stock is staled at net cost less
any foreseeable losses.
Operatlng leases
Costs in respect of operating leases are charged on a straight line basis over the lease tem.
Financial instruments
The GTOUP has chosen lo adopt Sections 11 and 12 of FRS102 in respect of financial instruments.
8) Financial assets
Basic financial assets, including trade and other receivables, and cash and bank balances, are
initially recognised al transaction price. Such assets are subsequently measured at amortised
cost. At thè end of each reporting period financial assets measured al amortised cost are
assessed for objective evidence of impairment. If an asset is impaired the impairment105S 15 the
difference between the carrying amount and the present value of the estimated cash flows
discounted al the asset's original effective interest rate. The impairment Ioss is iecognised in
the income statement. Financial assets are derecognised when al the contractual rights ID the
cash flows from the asset expire, or are settled. or bl when substantially all the rtsks and rewards
of ownership of the asset are transferred to another paty.
b) Financial liabilities
Basic financial liabilitiès including trade and other payables, and cash and bank balances, are
initially recognised al transaction price. Such liabilities are subsequently measured al amortised
cost. Financial liabilities are derecognised when the liability is extinguished, that is when the
contractual obligation is discharged. cancelled or expires.
Derwatrves, which are not basic financial instruments, and lake the form of interest rate swaps are initially
recognised al fair value on the date a derivative contract is entered into and are subsequenuy re-measured
at their fair value. Changes in the fair values of derivatives are recognised in the Statement of Financial
Activity as either finance cost or iri¢ome as appropriate.
Designated funds
Designated funds are unrestricted funds that, at the discretion of the Directors, have been set aside for specif
purposes. The balance of designated funds al the balance sheet date represents the net book value of fixed
assets after taking account of related long term extemal financing.
Restricted funds
Restricted funds are funds which have been retsived for a specif*c purpose.
General funds
General funds may be used in accordance wrth the Company's charitable objectives at the discretion of the
Directors.
Crltlcal accounting judgements and estimates
The group makes estimates and assumption5 con￿rning the future. The resulting accounting estimates
will, by definition, seldom equal the related actual results. The èstimates and assumptions that have a
significant risk of causing a material adjusbment to the carying amounts of assets and liabilitiès wKthin the
next financial year are addressed below.

Care South
28
Statement of accounting policies - continued
Impairment of receivables..
The company makes an e5timBte of the recoverable value of deblots. When assessing impairment of
receivables, management considers factors including the credit rating of the re￿1Vable, the ageing profile
of receivables ar)d historical experience.
Useful economic Srfe of assets..
The carrying value of tangible fixed assets at 31 March 2021 Inole 141, requires the directors lo make an
estimate of the assets, useful ewnomic lives and undertake an annual reviewfor impairment. The eSt￿Mated
lives applied are detsiled on page 25.
Assets under construction..
The Directors are required to identify when expenditure is capital in nature and relates lo the creation or
improvement of an asset. Judgements are also required lo determine when the asset has been compSeted
and therefore brought into use, which wll normally be the dale al which an asset is brought into operational
service. See note 14 for more details
Financial activities of the Company
A summary of the financial activib.es undertaken by the Parent Company are set out below..
2021
£000
2020
£000
Resources from generated funds:
Investment income
109
184
Donations and legacies
Charitable activfties
250
37,332
3,205
1,952
42,848
133,684)
17,671)
37,478
Profits donatèd by subsidiaries
Other iTbcome
226
Total Income
37,888
134,2951
Total expenditure on charitable athilie5
Impaiment loss on subsidiaries
Other expendf(ure
Net Income before other recognlsed 9alns and losses
Un[￿gnISed gainslllossesl
Net movement in funds
1,493
816
3,593
1315)
3,278
45,978
2,309
49,256
Total funds brought forward as al 1 April
Total funds carried forward
51.565
49,256
Represented by:
Restricted Funds
335
109
Unrestricted Funds
51,230
49,147
51,565
49,256

Care South
29
Income from charitsble activities
Unrestrlcted Restricted
funds
funds
2021
2021
£000
£ODO
Totsl UnreStr￿ed Restricted
funds
funds
2020
2020
£000
£000
Total
2021
£000
2020
£000
Residentia5 care services
33,129
4,187
16
33,145
4.187
32,863
4,598
17
32,880
4,598
Domiciliary care servies
37,316
16
37,332
37,461
17
37,478
Other income
2021
£000
2020
£000
Infection Control and Rapid Testing grants
Coronavirus Job RetentDn Scheme income
2,102
172
Sundry income and utility costs ocharg&J
226
2.334
226
Expenditure on charitable activities
Unrestrfcted Restrictgd
funds
funds
2021
2021
£000
£000
Total Unrestrited Restricted
funds
funds
2020
2020
£000
£000
Total
2021
£000
2020
£000
Re5KJential care
25,052
3.645
4,055
24
25,076
3,645
4,055
25,745
3,815
3,632
499
17
25,762
3,815
3.632
499
Domiciliary care
Support costs
Other costs
Interest payable on bank
loans
Gains on derivative
financial instruments
556
556
694
694
(98)
1981
1131
1131
33.754
24
33,778
34,372
17
34,389

Care South
30
Directors, emoluments and key management compensation
Travel expenses of £12 was paid to one Director of the Company during the year12020.' £3,589 paid to six
Directors). No emoluments are payable to the Direclors12020.. £nill.
Key management compensation (Group)
Key management includes the Directors and members of the senior leadership team. The compensab'on paid
or payable lo key managemènt is shown below..
2021
£000
2020
£000
Salarias and other short-term benefits
Posl-employmenl benefit
790
56
687
57
Total compensation
846
744
The number of key management personne5 who r￿1Ved feès and other emoluments (including pension
contributions) in the following ranges was..
Group
2021
Number
GrDUP
2020
NumbeT
Less than £10,000
£10,001- £20,000
£30,001- £40,000
£70,001- £80.000
£80,001- £90,000
£90,001-£100,000
£100,001- £110,000
£110,001- £120,000
£130,001- £140,ODD
£160,001- £160,000
£170,001- £180,000
£200,001- £210,000

Care South
31
Employee information
The average number of people employed by the Company in the financial year was 1,099 {2020.' 1,1101, and
by the Group was 1,354 12020.. 1,3541. This equates to the following average monlhw number of full-time
equwalent pèrsons (including senior exècutives) employed by the Group and Company during the year..
Group
2021
Number
Company
2021
Number
Group
2020
Numb
Company
2020
Number
By actNty
Management administration, finance and
training
189
168
176
158
Suparvisors
137
106
153
121
Care, catering and domestic staff
802
662
790
651
1,128
936
1,119
930
Group
2021
£000
Company
2021
£000
Group
2020
£000
Company
2020
£000
Staff costs {for thg above persons)
Wages and salaries
24,149
20,193
22,151
18,591
Social security costs
1￿45
1.566
1,592
1,351
Other pension costs
633
548
585
506
26,627
22.307
24,328
20,448
staff numbers have been reported on the basis of full time equivalent hours. In addrtion, in the group, temporary
staff costs of £1,308,00012020.' £3,542,000) were incurred for hol¢day cover, sickness, and staff shotsges.

Care South
32
10
Net income
Group
2021
£000
Group
2020
£DOD
Net ineome Is stated after charging:
Depreciation for the year.
- Tangible fixed assets
Intangible owned fLxed assets
Operating leases- land and buildings
Loss {profrtl on disposal of fixed assets
Fees payable to the Company's auditors for the auclit of the
Parent Company and Group finanaal statements
Fees payab￿ to the Company's auditors to audlc the Company's subsidiaries
pursuant to legislation
Fees payable lo the Company's auditors for other semces
1,569
1,709
1,827
1,817
28
11
Charitable and taxation ststus
The Charity Commissioners granted charitable status to the Company on 12 OclDber 1992. Charitable
acb"vib'es are exempl from lax under seth.on 505 of the ICTA1988 and accordingly no ¢OTporation lax has been
prov"Kled for in these financial statements.
The trading subsidiariès have grft aided all of the operating profits generated from trading, resulting in no
material corporation tax liabilty arising in the year.
12
Acquisition
On 31 March 2021 the trade and assets of Two Rivers Investments Limited and Beauchamp House Nutsing
Home Limited were transferred to Care South at their carrying values.
Assets per
completion
accounts
£'o(
Fair value
adjustments
£'ooo
Transfer in
recognised
£'ooo
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and machinery
Assets under construction
6,719
6,719
232
32
232
32
6,991
6,991
other assfrts
Debtors due in less than one year
Cash in bank and in hand
358
245
603
358
245
603
Liabilitles
Creditors due in less than one year
{8751
18751
Net assets
6,719
6,719

Care South
33
13
Intangible assets
Software Goodwill
Total
Group
£000
£000
£QDO
Cost
Al 1 April 2020
Additions
410
385
795
11
11
Disposals
At 31 March 2021
421
385
806
Accumulated amortisation
At 1 April 2020
Charge for the year
Disposals
315
385
700
43
43
At 31 March 2021
358
385
743
Net book value
At 31 March 2021
63
63
At 31 March 2020
95
95
Total
software
Company
£000
Cost
Al 1 April 2020
Additions
410
Disposals
At 31 March 2021
421
Accumulated amortlsatlon
At 1 April 2020
Charge for the year
Disposals
315
43
At 31 March 2021
358
Net book value
At 31 March 2021
63
At 31 March 2020
95

Care South
34
14
Tangible assets
Assets
Undèr
Con-
structiort
Short
Leasehold
Improve
ments
Land
and
Buildlngs
£000
Fixtures,
Equiprnent and
Mofgr Vehicles
Group
Total
£000
£000
£000
£000
Cost
At 1 April 2020
47,618
4,651
313
8,536
61,118
Addib"ons
243
395
295
933
Transfers
161
{3951
401
Disposa15
15651
{5651
At 31 March 2021
47,855
4,651
313
8,667
61,486
Accumulatsd Depreciatlon
At 1 April 2020
6,798
302
6,997
14.097
Charge for thè year
718
1,569
Eliminated on disposal
15151
15151
At 31 March 2021
7,647
304
7,200
15,151
Net b¢)ok value
At 31 March 2021
40.208
4.651
1,467
46.335
Al 31 Maich 2020
40,820
4,651
11
1,539
47,021
Group and Company
Included within Land and Buildings cost are homes freehoSd land and buildings of £21,673.000 12020..
£21,436,000 restated), buildings where the land is held on a 125 year operating lease of £18,011,000 {2020'.
£18,011,DOO restated) and buildings where land is held on a 150 year operating lease of £6,299,00012020".
£6,299,000)
The net boDk value of capitalised finanTr costs is £74,00012020.. £76,000) which is included within land and
buildings.

Care South
35
14
Tangible assets (continued)
Assets
Under
Con-
struction
£000
Short
Leasehold
Fixture5,
Improve- Equipment and
ments Motor Vehicles
Land
and
Building8
£000
Company
Total
£000
£000
£000
Cost
Al 1 April 2020
33,458
4,638
291
6,839
45,226
Additions
382
183
565
Transfers from subsidiaries
6,719
232
6,991
Other transfers
{4011
401
Disposals
14291
14291
At 31 March 2021
40,177
4,651
299
7,226
52,353
Accumulated Depreciation
At 1 April 202Q)
4,445
291
5,550
10,286
Charge for the year
614
624
1,238
Eliminated on disposals
13831
1383}
At 31 March 2021
5,059
291
5,791
11,141
Net book value
At 31 March 2021
35,118
4.651
1,435
41,212
At 31 March 2020
29,013
4,638
1,289
34,940
15
Investments
Group
2021
£000
Company
2021
£000
Group
2020
£000
Company
2020
£000
Shares in group undertakings
Listed investments
2,871
3,633
10,542
2,767
3.633
2,767
3.633
6,504
2,767
13,309

Care South
36
15
Investments {¢ontinued}
Company
2021
£000
Company
2020
£000
Shares in Group undertakings
As al 1 April 2020
10,542
10.202
Impaiment
17,671}
Beauchamp House share purchase
340
As at 31 March 2021
2071
10,542
Investments in gTOUP undèrtakings are represented by the entire issued share ¢3pilal of Beauchamp House
Nursing Home Limited which was acquired on 31 January 2008, and Two Rivers Investments Limited which
was acquired on 10 March 2011. The Direclors consider the value of the investments to be supported by
their underlying 35sets. Investments in Group undertakings are staled at cosL
The principal acb"vitiÈs of Beauchamp House Nursing Home Limited Icompany number 011244331 and
Two Rivers Investments Limited (Company number 051398711 during the year were that of providing
nursing homes for the elderly. A summary of the 12 months trading and c105ing balance sheets for both
entities follows.
On 31 March the activitiès, trade, assets and liabilities of Beauchamp House Nursing Home Limited and
Two Rivers Investrnents Limrf(ed were transferred ID Care South. Following the sale, the companies ceased
to trade.
Care South's three wholly owned domiant subsidiary companies are.-
Cao South Developments Limited (Company number 5245934)
The Dorset Trust Limited (Company number 5115530)
Strome Park Limited (Company number 075614381
The registered address of all subsidiaries is 39 Commercial Road, Poole BH14 OHU. All subsidiaries are
incorporated in England and Wales.
Beauchamp House Nursing Home Llmited- Financial Results Summary
Profit & Loss Account
2021
2020
£000
£000
Tumover
2.694
128
2,784
Other operating income
Cost of sales, administralwe expenses and interest costs
{2.3521
12,6501
Profit on Ordinary Activities Before Taxation
470
134
2021
2020
Balance Sheet
£000
£ODO
Assets
406
4,850
{4,150)
Liabilrf(ies
Total Not Assets
406
700

Care South
37
15
Investments (continued)
Two Rivers Investments Limlted- Financial Results Surnmary
Profit & Loss Account
2021
2020
£000
£000
Turnover
5.033
253
5,078
Other operating income
Cost of sales, adminislratwe expenses and interest costs
{4.0321
{4,0541
Profit on Ordinary Activities Before Taxation
1.254
1,024
2021
2020
Balance Sheet
£000
£OOD
Assets
2,465
4,221
1569}
Liabilities
Total Net Assets
2,465
3.652
Other Investments
2021
2020
£000
£000
Listed Investments
3.633
2,767
The investments were valued by Investec Wealth and Investment Ltd based on the fair value which is
equivalent to market price as at 31 March 2021.
16
Debtors
Group
2021
£000
Cornpary
2021
£000
Group
2020
£000
Company
2020
£000
Amounts falling due within one year:
Trade debtors
1.774
1,774
2,260
2,079
3,691
Amounts owed by subsidiary undertakings
Other debtors
51
51
15
14
Prepayments and acuued income
1.618
1,618
1,486
1,318
3,443
3,761
7,102
Amounts owed by subsidiary undertakings are unsetsured, interest free and are repayable on demand. Trade
debtors are staled after provision for impairment tsf £287,00012020'. £322,000).

Care South
38
17
Creditors: amounts falling due within one year
Group
2021
£000
Company
2021
£000
Group
2020
£000
Company
2020
£000
Bank loans
2,194
2,178
2,194
2,178
2,871
510
2,129
2,595
2,129
2,383
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
1,562
258
510
639
Taxation and social security
Accruals and defe￿ed income
404
332
285
2,245
2,245
2,303
1,915
7.531
10,402
7,998
8.532
Group
2021
£000
320
Company
2021
£000
257
Deferred income at 1 April 2020
ReSoU￿S deferred in year
215
170
Amounts released from previous periods
{3001
12371
Deferred income at 31 March 2021
235
19D
18
Creditors: amounts falling due after more than one year
Group
2021
£000
Company
2021
£ooD
Group
2020
£000
Company
2020
£000
Bank loans
9,809
9,809
11,995
11,995
Accrua15
540
551
551
Deferred income
77
93
93
Derivatwe financial instruments
262
262
360
360
10.688
10,688
12,999
12,999
There are eight loan facilities repayable in instalmen15 over durations ranging from 10 to 20 years a inTrption.
The value of loans with fixed interest rates of befften 5.9D/ts and 6.60/0 is £6,559,000 12020.. £7,711,000
restated). Loans with variable interest of base plus 2.25'/0 total £2,850,00012020.' £3,420,000). Loans with
variable interest of b35e plus 2% total £2,594,00012020.' £2,993,000). Each loan ￿ secured on the property f(
was raised against.

Care South
39
18
Creditors: amounts falling due after more than one year (continued}
Maturfty of bank loans
Group
2021
£000
Company
2021
£000
Group
2020
£000
Company
2020
£000
In one year or ￿sS
In more than one year, but not rn0￿ than
two years
In more than ￿ years. bul not more than
five years
2,194
2.194
2,129
2,129
2.138
2,138
2,129
2,129
6.094
6,094
6,388
6,388
In more than five years
1,5TT
1,577
3,478
3,478
12.003
12.003
14,124
14,124
19
Financial Instruments
Group
2021
£000
Company
2021
£000
Group
2020
£000
Company
2020
£000
Financial assets measured al amortised
cost
Trdde debtors
1,774
1,774
2,260
2,079
Amounts owed by subsidiary
undertakings
Accrued income
3,691
982
982
857
781
Other debtors
Financ￿1 assets al fair value through
income and expenditure
Listed investments
51
51
15
14
3,633
3,633
2,767
2,767
Financial assets
6,440
5,899
9,332
Financial liabilities measured at
amortised cost
Trade creditors
2,178
2,178
2,595
2,383
Bank loans
12.003
12,003
14,124
14,124
Amounts owed lo subsidiary
undertakings
Accruals
2,871
2,550
2.550
2,533
2,208
Other credftors
509
639
258
Financial liabilities measured at fair value
through income and expenditure
Derivative financial instruments
262
262
360
360
Financial liabilities
17,502
20.233
20,251
20,895
Derivative financial instruments
The Group had entered into three interest rale swaps to receive interest al LIBOR and pay inlère5t al fixed
rates of 4.21 Q/0, 3.84 /v and 1.57¥.. The swaps are based on principal amounts of the Group's Barclays
loan facilities, and mature in 2028, 202S and 2025 on the same dates a5 the Barclays loans. Interest rale
swaps are valued al the balance sheet dale as advised by Barclays Bank,

Care South
40
20
Restricted Èncome funds
Group and Company
Sussexdown
Legacy
Maiden Castle
Build
Total
£000
At 1 April 2020
Income
109
109
250
16
266
Transfers
{161
116}
1161
1241
Expenditure
181
At 31 March 2021
242
93
335
The balance of restricted ftjnds at the balance sheet date represents a restricted legacy gifted to
Sussexdown during the year, along with the net book value of assets gifted from Dorsel County Council to
Maiden Castle House.
Deferred income in respect of the above is recognised as £16,000 in short term creditors and £77,000 in
long term creditors. The movement in the year relates to depreciation acrDSS the life of thè lease.
21
Unrestricted income funds
Group
Designatèd
Funds
General
Funds
Total
£000
£000
£000
At 1 April 2020
Transfer from restricted funds
37,779
10,395
16
48,174
16
Transfer
13,4771
3,477
47,486
140,139}
816
Income
47,486
140.139}
816
Expend￿Ure
Unrecognised gains
At 31 March 2021
34,302
22,051
56,353
Company
Designated
Funds
General
Funds
Total
£000
£OOD
£000
At 1 April 2020
Transfer from restricted funds
36,240
12,907
16
49,147
16
Transfer
(4,1901
4,190
39,377
Income
39,377
Expenditure
Profi15 donated by subsidiaries
Unrecognised gains
141,3311
3,205
816
141,3311
3.205
816
At 31 March 2021
32,050
19,180
51.230
Designated funds represent the value of tangible and intangible fixed assets. A transfer has been made for
both the Group and the Company from general funds so that designated funds equal the value of fixed
assets after taking account of exlemal financing. For the case of the company, fixed assets also includes
the investments in the subsidiaries. Listed invastments are included within general funds.

Care South
41
22
Analysis of net assets between funds
Group
Designated
Funds
Restricted
Funds
General
Funds
Total
2021
£000
£000
£000
£000
Fixed asse15
46,305
93
3,633
24,634
50,031
24,876
{7,531}
110,688)
cu￿ernt assets
242
Current liabilities
12,1941
19,8091
15,3371
18791
Lorig tem) liabilities
Total Net Assets
34.302
335
22.051
56,688
Compary
Designated
Funds
Restricted
Funds
General
Funds
Total
2021
£000
£000
£000
£000
Fixed assets
44,053
93
3,633
24,634
47,779
24.876
Current assets
242
Current liabilities
12,1941
19,8091
18,2081
1879}
110,4021
(10.6881
Long temi liabilities
Total Net Assets
32,050
335
19,180
51,565
23
Pension obligations
Defined Contributlon Schemes
The Defined Contribution schemes are stakeholder pension schemes and flexible retirement plans that are
independently administered by regulated Financial Services companies. The cost of contributions lo the
schemes amounted to £25,000 {2020. £24,000) and £608,000 12020.. £561,000} respectively
Contributions of £3,000 12020.. £3,0001 and £112,000 12020.. £110,000) were owed to the schemes
respectively at the end of the year.

Care South
42
24
Related parties transactions
The Company has entered into the following transactions with its wholly owned subsidiaries.
Transactions entered into and balances outstanding al 31 March 2021..
Recharges to
related parties
£000
Payments to
reduce
intercompany
balance
Amount owed
bylltol related
parties
£000
Hive up
transfer of
trade
£000
Beauchamp House
Nursing Home Ltd
Two Rivers Investments
Ltd
174
442
14,7131
14061
272
970
12,1451
12,4651
Transactions entered into and balances outstanding at 31 March 2020..
Recharggs to
related parties
£000
Payments to
reduce
intercompany
balance
Amount owed
by related
parties
£000
Hlve up
transfer of
trade
£ODO
£000
Beauchamp House
Nursing Home Ltd
Two Rivers Investments
Ltd
145
11.8361
3,691
224
12,7381
I1￿62)
During the year the company received gift aid profits from related parties tolalling £3,205,000.
Care South leases land on a long leasehold basis from the T H Russell Charitsble Trust al our St Ives
House site near Ringwood. Mrs Lyndsay Ann Ansell is both a Director of Care South and a Trustee of
the TH Russell Charitable Trust. The rent paid under the lease during the financial year amount￿ lo
£91,000.

Care South
43
25
Reconciliation of net income before other recognised garns to net cash
provbded byl(used in) operating activities
2021
£000
2020
£OOD
Net income (before other recognised gains and losses)
Unrealised gainslllosses}
Depreciation
Amorb"sation
7,589
816
4.658
13151
1,7D9
1.569
43
Interest receNed
{109}
458
1184}
681
Interest expenses
Loss on disposa1 of fixed assets
Decrease in stock
45
23
341
Decreasallincreasel in debtors
Decrease in creditors
318
1542)
1931
16561
Net cash provided by operating activities
10,073
6,332
26
Capital commitments
The Group has no capital commitments at the balance sheet dale12020 £35,000).
27
Contingent liabilities
The Company had no material contingent liabilities at 31 March 202112020.. £nill.
28
Financial commitments
Al 31 March the Group and Company are committed to the following future minimum lease payments under
non-cancellable operating 5eases.'
2021
Land
& Buildings
£000
2020
Land
& Buildings
£000
Within one year
Within 2 10 5 years
After 5 years
1,839
6,067
1,8L
5,960
44,383
29
Limited liability
The Company is limited by guarantee and does not have a share capital. The Directors are the guarantor
members for £1 each.

Care South
44
30
Analysis of changes in net debt
At 1 April 2020
£'ooo
Cash flow$
£'ooo
At 31 March 2021
£'ooo
Cash and cash equivalents
Cash
15,636
5,797
21,433
Overdrafts
15,636
5,797
21,433
Borrowings
Debt due within one year
12,1291
(651
12,1941
Debt due after one year
111,9951
2,186
19,8091
114,1241
2,121
112,003}
Total
1,512
7,918
9,430