| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Trustees' Report |
2-17 | ||
| Independent Auditors' |
Report | 18-20 | |
| Statement of Financial | Activities | 21 | |
| Balance Sheet | 22 | ||
| Statement of Cash Flows |
23 | ||
| Notes to the Financial | Statements | 24 - 37 |
| Unrestricted | Restricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | 6 | E | E | F | ||
| INCOME FROM: | ||||||
| Donations and legacies Charitable activities |
2 3 |
170,060 3,808,399 |
141,870 - |
311,930 3,808,399 |
8,842 3,724,787 |
|
| Investments and rental income |
4 | 120,134 | 120,134 | 123,231 | ||
| Other income | 1 206 | 1 206 | 13067 | |||
| TOTAL INCOME | 4 099799 | 141 | 870 | 4241 669 | 3869927 | |
| EXPENDITURE ON: | ||||||
| Raising funds Charitable activities |
16,122 3894 919 |
117 | 541 | 16,122 4 012460 |
12,104 3753450 |
|
| TOTAL EXPENDITURE | 6 | 3 911041 | 117 | 541 | 4 028 582 | 3765 554 |
| NET INCOME BEFORE INVESTMENT | ||||||
| GAINS/(LOSSES) Net gains/(losses) on investments |
10 | 188,758 363 937 |
24,329 | 213,087 363937 |
104,373 ~769677 |
|
| NET MOVEMENT IN FUNDS Transfers |
15 | 552,695 23739 |
24,329 ~23 739 |
577,024 | (65,304) | |
| 576,434 | 590 | 577,024 | (65,304) | |||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward |
9263597 | 9263597 | 9328 901 | |||
| TOTAL FUNDS CARRIED FORWARD | 840 03 | 690 | 9 640 621 | ~9263 7 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | L | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 7,848,509 | 7,977,300 | ||||
| Investments | 10 | I 1100465 | I 404 993 | |||
| 9,648,974 | 9,382,293 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 11 | 126,672 | 88,321 | |||
| Cash at bank and | in hand | ~71730 | ~532 | 6 | ||
| 843,972 | 620,477 | |||||
| CREDITORS: amounts one year |
falling due within 12 |
~313992 | 330840 | |||
| NET CURRENT ASSETS | 529980 | 289637 | ||||
| TOTAL ASSETS | LESS | CURRENT LIABILITIES | 10,178,954 | 9,671,930 | ||
| CREDITORS: amounts | falling due after | |||||
| more than one year | 13 | 338333 | 408 333 | |||
| NET ASSETS | ~9840 I |
926359 | ||||
| CHARITY FUNDS | ||||||
| Unrestricted funds Restricted Funds |
14 15 |
9,840,031 590 |
9,263,597 | |||
| TOTAL FUNDS | ~9840 62 | 9263 597 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | F | 8 | ||
| Cash flows from operating activities |
||||
| Net cash provided by operating activities |
16 | 175624 | 120990 | |
| Cash flows from investing activities: Dividends, interest and rents from investments Purchase oftangible fixed assets Proceeds from sale of investments Purchase of investments |
120,134 (79,079) 565,078 ~596613 |
123,231 (79,270) 370,054 ~406 596 |
||
| Net cash used in investing activities |
9520 | 7419 | ||
| Change in cash and cash equivalents |
in the year | 185,144 | 128,409 | |
| Cash and cash equivalents brought forward Cash and cash equivalents carried forward |
17 | 532 156 ~777 39 |
403 747 ~533 6 |
|
| The notes on pages 24 to 37form part | ofthese financial | statements. |
| value, over their expected |
useful lives on the following bases: | |
|---|---|---|
| Freehold property Motor vehicles |
2'/o p.a. straight line 20'k reducing balance |
|
| Fixtures and fittings | 10'/o to 25/o p.a, straight | line |
| INCOME FR | OM | D | ONATI | ONS | AND LEGACI | ES | |||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | ||||||
| E | E | E | E | ||||||
| Donations | 20,297 | 20,297 | 7,842 | ||||||
| Legacies Coronavirus Jobs Other coronavirus |
Retention Scheme grants grants |
26,876 122,887 |
141,870 | 26,876 122,887 141,870 |
1,000 | ||||
| Total donations | and legacies | 1?I7080~41 1170 | ~311 30 | ~884 | |||||
| There were | no | restricted | funds | in 2020. |
| INCOME | FROM CHARITABLE ACT | IVITIES | ||
|---|---|---|---|---|
| Unrestricted | Total | Unrestricted | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| F | E | E | ||
| Residents | fees | ~38 8 399 | ~3808 3 | ~724 78 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| E | E | ||||
| Rental income | 70,000 | 70,000 | 72,852 | ||
| Income from listed investments | 47,285 | 47,285 | 47,741 | ||
| Grazing rights |
2,849 | 2,849 | 2,638 | ||
| ~320 4~12 34~12 31 |
|||||
| DIRECT COSTS | |||||
| Charitable | Total | Total | |||
| Governance 6 |
Activities f |
2021 E |
2020 6 |
||
| Consultancy fees |
31,272 | 31,272 | 49,649 | ||
| Repairs and maintenance | 91,423 | 91,423 | 105,401 | ||
| Provisions | 106,078 | 106,078 | 129,438 | ||
| Utilities and rates | 85,083 | 85,083 | 87,071 | ||
| Legal and professional | 1,624 | 1,624 | 2,016 | ||
| Medical | 139,635 | 139,635 | 87,366 | ||
| Laundry | 12,147 | 12,147 | 14,625 | ||
| Training | 9,434 | 9,434 | 21,519 | ||
| Insurance | 33,304 | 33,304 | 32,191 | ||
| Registration and subscriptions |
12,705 | 12,705 | 10,439 | ||
| Donations paid |
6,000 | 6,000 | |||
| Other costs | 26,155 | 26,155 | 43,405 | ||
| Travel and transport Audit fees Premises costs Residents welfare |
13,500 49,441 45,245 12,712 |
49,441 13,500 45,245 12,712 |
4,694 12,360 36,343 19,127 |
||
| Marketing | 12,795 | 12,795 | 8,214 | ||
| IT and website costs | 90,241 | 90,241 | 89,840 | ||
| Print, postage and stationery Staff uniforms and welfare |
21,186 18,439 |
21,186 18,439 |
21,661 13,187 |
||
| Consumables | 63,810 | 63,810 | 67,593 | ||
| Wages and salaries | 2,649,813 | 2,649,813 | 2,439,765 | ||
| National insurance |
214,153 | 214,153 | 197,966 | ||
| Pension cost | 58,395 | 58,395 | 53,719 | ||
| Depreciation | 207,870 | 207,870 | 205,861 | ||
| 13 | 500 | ~399960 | ~32460 | 3723450 |
| ANALYSIS OF EXPENDIT | URE BY EXPEN | DITURE TYPE | |||
|---|---|---|---|---|---|
| Staff costs | Depreciation | Other costs | Total | Total | |
| 2021 f |
2021 f |
2021 f |
2021 | 2020f | |
| Expenditure on investment management |
16,122 | 16,122 | 12,104 | ||
| Costs of raising funds | 16,122 | 16,122 | 12,104 | ||
| Charitable Activities Governance costs |
2,922,361 | 207,870 | 868,729 13,500 |
3,998,960 13,500 |
3,741,090 12,360 |
| ~2922 3 | ~07 870 | ~898 51 |
~028 58 | ~355 55 |
| This is stated after charging: | |
|---|---|
| 2021f 2020f |
|
| Depreciation oftangible fixed assets: - owned by the charity Auditors' remuneration —audit (net ofVAT) |
207,870 205,861 ~1950~0500 |
| The ave | rag | e num |
be | r of persons employed by the compan |
y during the year was as |
follows: | |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| No. | No. | ||||||
| Average | Number | of | Employees | 99 | 100 | ||
| Employees | earning | 660,000 - 670,000 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Freehold | Fixtures and | ||||
| property F |
Motor vehicles F |
fittings f |
Total F |
||
| Cost | |||||
| At 1 April 2020 | 9,751,489 | 33,900 | 693,668 | 10,479,057 | |
| Additions Disposals |
4,404 | 74,675 ~74376 |
79,079 ~74379 |
||
| At 31 March 2021 | 9755893 | 33 | 900 | 753 967 | 10543760 |
| Depreciation | |||||
| At 1 April 2020 | 2,026,459 | 31,716 | 443,582 | 2,501,757 | |
| Charge for the year Disposals |
152,523 | 345 55,002 —~14376 |
207,870 ~74376 |
||
| At 31 March 2021 | 2 178982 | 32 | 061 | 484 208 | 2 695251 |
| Net book value | |||||
| At 31 March 2021 | ~757 911 |
1 | 839~69759 | 7 848 509 | |
| At 31 March 2020 | 7 725 030 | 2 | 184~50 086 | ~797 300 |
| FIXEDASSE | T INVESTMENTS | |||
|---|---|---|---|---|
| Listed | ||||
| securities | ||||
| E | ||||
| Market value | ||||
| At 1 April 2020 Additions |
1,404,993 596,613 |
|||
| Disposals Net gains |
(565,078) 363937 |
|||
| At 31 March | 2021 | 800465 | ||
| Investments at market value Listed investments |
comprise: | 00465 | ||
| All the fixed asset investments | are held | in the UK. |
| DEBTORS | |||||||
|---|---|---|---|---|---|---|---|
| 2021f | 2020 E |
||||||
| Trade debtors | 59,392 | 41,186 | |||||
| Prepayments Other debtors |
and accrued | income | 66,589 691 |
46,401 734 |
|||
| 126672 | 1IL327 | ||||||
| CREDITORS: | Amounts | falling due within one year | |||||
| 2021 | 2020 | ||||||
| E | |||||||
| Trade creditors | 46,652 | 54,555 | |||||
| Other taxation | and social | security | 49,711 | 58,480 | |||
| Other creditors | 45,202 | 39,877 | |||||
| Accruals and | deferred | income | 172,427 | 177,928 | |||
| 313992~30640 | |||||||
| CREDITORS: | Amounts | falling due after more than one year | |||||
| Accrualsand | eferred | in | ome | 2021f 2020 E ~3II333~40 333 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 | ||||
|---|---|---|---|---|---|---|---|
| April 2020 f |
Income f |
Expenditure f |
in/outf | (Losses) f |
March 2021 f |
||
| Designated funds |
|||||||
| Public benefit fund | 171,906 | 11,150 | (125,320) | 189,412 | 247,148 | ||
| Building | reserve fund | 150,000 | 150,000 | ||||
| 321906 | 11150 | ~725320 | 1119412 | 397 148 | |||
| General | funds | ||||||
| General | Funds | 8,941,691 | 4,088,649 | (3,785,721) | (165,673) | 363,937 | 9,442,883 |
| Total of | funds | ~926 97 |
~4099 7 | ~3977 041 | 23739 | ~3~7 | 9 840 031 |
| STATEMENT OF UNRES | TRICTED FUN | DS - PRIOR Y | EAR | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | Balance at 31 | ||||
| 1 April 2019 | Income | Expenditure 6 |
in/out 6 |
(Losses) 6 |
March 2020 6 |
||
| Designated funds |
|||||||
| Public benefit fund Building reserve fund |
150,000 150,000 |
(118,094) | 140,000 | 171,906 150,000 |
|||
| 300 000 | ~778 094 | 140 | 000 | 321 906 | |||
| General funds | |||||||
| General Funds |
9,028,901 | 3,869,927 | (3,647,460) | (140,000) | (169,677) | 8,941,691 | |
| Total offunds | ~328 911 | ~386 927 | ~765 55 | ~6B67 | ~963 597 | ||
| 15. STATEMENT OF RESTRICTED |
FUNDS | ||||||
| STATEIIENT OF FUNDS -CURRENT YEAR | |||||||
| Balance at 1 | Transfers | Gains/ | Balance at 31 | ||||
| April 2020 f |
Income F |
Expenditure E |
in/out F |
(Losses) 8 |
March 2021 6 |
||
| Infection control fund | 108,131 | (83,802) | (23,739) | 590 | |||
| Rapid testing fund Workforce capacity fund |
16,869 16,870 |
(16,869) (16,870) |
|||||
| Total of funds | ~14 870 |
117541 | 23 | 9 | 590 |
| Tangible fixed assets |
Unrestricted | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funds | Funds | funds | ||||||
| 2021f | 2021f | 2021f | ||||||
| Tangible fixed assets Fixed asset investments Current assets |
7,848,509 1,800,465 843,382 |
590 | 7,848,509 1,800,465 843,972 |
|||||
| Creditors due within one year Creditors due in more than one year |
(313,992) ~3311333 |
(313,992) —~338333 |
||||||
| ~9840 0 | 590 | ~90621 | ||||||
| ANALYSIS OF NET ASSETS | BETWEEN FUNDS - PRIOR YEAR | |||||||
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| 2020 | 2020 | |||||||
| f | f | |||||||
| Tangible fixed assets |
7,977,300 | 7,977,300 | ||||||
| Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year |
1,404,993 620,477 (330,840) (408,333) |
1,404,993 620,477 (330,840) (408,333) |
||||||
| 99293597 | ~926 597 |
|||||||
| 17. RECONCILIATION OF NET MOVEMENT |
IN FUNDS TO NET | CASH FLOW FROM OPERATING | ||||||
| ACTIVITIES | ||||||||
| 2021f | 2020f | |||||||
| Net income/(expenditure) | for the year (as per Statement | of Financial | ||||||
| Activities) | 577,024 | (65,304) | ||||||
| Adjustment for: |
||||||||
| Depreciation charges |
207,870 | 205,861 | ||||||
| Gains/(losses) on investments |
(363,937) | 169,677 | ||||||
| Dividends, interest and rents from (Increase)/decrease in debtors Decrease in creditors Net cash provided by operating |
investments activities |
(120,134) (38,351) ~86 848 (123,231) 20,478 ~86491 ~624~0990 |
| ANAL | Y | SIS OF CASH AND CASH EQUIV | ALENTS (NET FUNDS) | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | F | |||
| Cash | in | hand | 717301 | 532 158 |
| Total | ~77 301 |
~532 15 |
| At 31 M operating |
arch 2021 the total of the Charity's f leases was: |
uture minimum lease payments under |
non-cancellable | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | F | |||
| Amounts | payable: | |||
| Within 1 Between Total |
year 1 and 5years |
5,889 5,889 ~1735~76 0 ~027~21 6 |
| Charitable | Total | Total | |||
|---|---|---|---|---|---|
| Governance | Activities | 2020 | |||
| 9 | E | E | |||
| Consultancy | fees | 49,649 | 49,649 | ||
| Repairs and | maintenance | 105,401 | 105,401 | ||
| Provisions | 129,438 | 129,438 | |||
| Utilities and rates | 87,071 | 87,071 | |||
| Legal and professional | 2,016 | 2,016 | |||
| Medical | 87,366 | 87,366 | |||
| Laundry | 14,625 | 14,625 | |||
| Training | 21,519 | 21,519 | |||
| Insurance | 32,191 | 32,191 | |||
| Registration | and subscdptions | 10,439 | 10,439 | ||
| Other costs | 43,405 | 43,405 | |||
| Travel and transport | 4,694 | 4,694 | |||
| Audit fees | 12,360 | 12,360 | |||
| Premises costs | 36,343 | 36,343 | |||
| Residents welfare |
19,127 | 19,127 | |||
| Marketing | 8,214 | 8,214 | |||
| IT and website costs | 89,840 | 89,840 | |||
| Print, postage and stationery | 21,661 | 21,661 | |||
| Staff uniforms | and welfare | 13,187 | 13,187 | ||
| Consumables | 67,593 | 67,593 | |||
| Wages and salades | 2,439,765 | 2,439,765 | |||
| National insurance |
197,966 | 197,966 | |||
| Pension cost | 53,719 | 53,719 | |||
| Depreciation | 205,861 | 205,861 | |||
| 12360 | 3741 090 | 3 | 753450 |
| Staff costs | Depreciation | Other costs | Total | ||
|---|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2020 | ||
| Expenditure | on investment | ||||
| management | 12,104 | 12,104 | |||
| Costs of raising funds | 12,104 | 12,104 | |||
| Charitable Activities |
2,691,450 | 205,861 | 843,779 | 3,741,090 | |
| Governance | costs | 12,360 | 12,360 | ||
| 23151450 | ~205 86 | ~8243 | ~376 554 |