GLEBE HOUSE (CHARNWOOD) LIMTTED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 CHARITY NUMBER 1018920 COMPANY REGISTRATION NO. 2724141 (A company limited by guaranlee) *AA)4Yi)AQ' 1111212021 COMPANIES HOUSE
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GLEBE HOUSE ICHARNWOOD) LIMrrED (LIMITED B Y GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 CONTENTS PAGES Reference and Administrative Detsils Repon of the Board of Tn]stees i-io tndependent Auditors Rep)rt 11-14 Smen1 of Financial Activities 15 Balatkce Sheet 16 Statement of Cash Flows 17 Notes to the Fmancial Statements 1&32
GLEBE HOUSE {CHARNWOOD) LIMtTED (LIMtTED B Y GUARANTEE) REFERENCE AND ADMINSTRATIVE DETAILS OF THE CHARITY The Bogrd olTr who are also directors of the cbaritable o)mpany for the purposes of the Companies Ac¢ present their aDnual rert and the audlted flnandal statements for the year ended 31st Marth 2021. CHARITY REGISTRATION NUMBER: 1018920 2724141 THE BOARD OF TRUSTEFS: Mr B Higgins Chalr Dr G. Bal&subramaniam Mr N. Cbiragh Hon Treasurer Mrs S Elliott Mr D Frost Mrs M. Moore Mrs L Nlcholls.Sykes Mr T UDSWOrtb Mr P. Warloiv REGISTERED OFFICE AND OPERATIONAL ADDRFSS Wthlgate Chamberj 70 W(K•dgate IAbughiKbrou Il¢esteblre LEII 2TZ AUDfroRS Cobb Burgin Butt Dyke HoLse 33 Park Row Nottingham NGI 6EE Lloyds TSB 37.38 Hlgh Street Loughborough Ikicestershire LEII 3HZ b Finaniial Services Ltd 6 Brookside Ashby41evla-Zouch Leicestershire LE65 UW
GLEBE HOUSE (CHARNWOOD) LIMrrED (LINUTED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual report and financial statements of the charitsble company for the year ended 31 March 2021. which is also prepared meet the requirements for a truslee's rew)rt and accounts for Cornpanies Aa pUtses. The financial sLments have been prepa1 in accordance with the accounting policies set out in note I to the actounts. and comply with the Charities Act 2011. and Accounting and Rertillg by ChaTAties: Statement of Re¢ommended Practice, applicable io charities preparing their accounts in accordance with the Financia] Reporting StaJNJard applicable in the UK and Republic of Ireland IFRS 102) (effextive l January 2019). The organisaiion is a chaTithle company limited by guarantee. incor&ted on 18 June 1992. and registered &$ a cbarity on 18 March 1993. The charitable cornpaDy was established Under a Memorandurn of Association that esthblished the obje£ts and powers of the charitable company and is governed under its Articles of Association. tn the event of the charitable company being wound up. members are required io contribute an amount noi exceeding £1. The charlthble company's objects are to promote any charitable PUTpose for the beDefil of persons who have a learning disability and lor autism or who are caring for someone with a learning disability andlor autism. Activities Glebe House remains a unique provider of services to adults and children with learning disabilities andlor autism in the Charnwood are4 offuing a range of 5erYices and flexibility that is unmat¢hed by any Other loca] provider. Although pressures have increased on our c]ients personal budgets. we have retained our overall numbers ¥ross the charitable company over the p&t twelve rnonths. We support 140 adults and children with learning disabilities on a regular basis. All of (m aduli and chilthen's services are funded through individual's peTsona] budgets, which means the PTimary source of income is L£iCeSrShire Counry Council. Bryan Higgins remains the Chair of TTUStecs. with Naveed Chiragb retaining his role &8 Honorary Tre&%urer. For the rSt time in rnany years, the Board retained all of ils members over the course of the year. with no new ITustr¢s and no resignations. The Finance and General Purwses subcommittee continues to meet on a regular basis io provide detailed support to the main Board, chaired by Naveed Chiragh. The other F&GP members in this year were. Geetha Bal4 David Frost. Bryan Higgins. Peter Warlow and Kirstie Jackson (Finance Manager). All of the Board meetings and F&GP meetings since January 2020 have been held online and this will continue throughout 2021. until such time as the B0d decides to return to .ound the table" meetings. It may bc that the online meelings become the Stsndard forni. Matie Moore h&s been a Board Member for over nineieen years, and this is justified on the grounds that, she is one of two Trustees who have sons with a learning disability who use the services of Glebe House. providing a unique perspective on the chaTilies governance and perforniance.
GLEBE HOUSE (CHARNWOOD) LIMITED (LIMITED BY GUARAKfEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED) Adult Servlces: Based At W(*te Chambers Otherw state These are thc services currettt]y provided by Glebe House for over 140 adults and children. Community Life Choices supports adults beeeft the ages of 18-80 each weekday and tILrough a peTSOn-centred planning approach ensures that people have a choice of activities includlng access to cornmunity facilities. trips and leisure services. One client with profound learning disabilities who requirvs higher levels of cate and support (PMLD) also attends Community Life Choices. Adult Home and Community Support service provides community-b&sed support to adults io enable them to keep safe. healthy and happy either in their own homes or with their families. The extensive rdnge of activities cateTed for Within the service enables those supported io have a widcr variety of &tivities and OPPOnitieS for friendships. The Weekend and Short Break service is provided at Glebe Cottage for those over 16 years old with a budget to support their slay. Fach overnight stay is personalised to th¢ client attending and is aimed at Providing a respite for iK>th the ¢lient and the carers. This is a CQC regiSred service. This service did not at all from March 2020 to April 2021. but reopened in mid April 2021. Challenge days (a150 known as Adult Activity Days) are usually provided for 12 days a year throughoui holidays durlng the y&gr. for young adults and they choose a variety of 'days out. such as boat ITIPS. theme parks or lo places of lo] interest. This service closed completrly in the pandemic due to the concerns around social distsncing, but it is scheduled to return for SUMM 2021. Autism SupporL" The service is de]ivered is usuajly deliveted in two locations. but to maxirni building Capacities. sorne of th¢ group now attend The Old School in Shepshed. The other parts of the service run for five days a week, supports young adults with autisrn who have high levels of dependency and at least a I: I staffing ratio and is bas at Glebe Cottage and the other part of the service Suppo adults with auiism who have developed their independence skills. These clients don't require the same level of intensive SuPrt bul seek something more autism-specific. This runs on weekdays throughout the year from W(xxlgate Chambcrs. Wolk Skills: Glebe House continues to develop its WO skills serrfice for over 20 adults. which Tuns every weekday from Glebe Workshop. This programme supports those who are looking to develop Work skills. which enable them to volunteer within Glebe House or with other organisations and companies or find paid employment. The prime areas of support are gardening and property mainienanee and w(x>dwoTking. The WO Skills team contributes to the overall maintrnance and safety of Glebe House.
GLEBE HOUSE {CHARNWOOD) LIMtTED ILIMITED BY GUARANTEE) TRUSTELS ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 {CONTllYUED) Social Clubs: Safe social interaction remains a key area of importance for those with learning disabilities. which is why the Glebe House S137 clubs are so important. However, neither of the clubs rdn fmm March 2020 until April 2021. The Youth Club has now re opened in May 2021. The activities of the Monday night Youth Club (ages 17-23) and the WedDesday evening Carry OTh aub (aged 24+) are planned by those attending but fimded by fvndraising by Glebe House. parents and carers and a small ontribution made by clients. The Monday night disco wa5 historically a hugely popular monthly event- we aim for its (llrn in July 2021. Transitions: The aim of this seTvice is to enable young people to rnove seamlessly from our childrens seryiee into one of OUT aduli seryices. We encourage the young person to review all of their options. including attending college and other providers and help them lo develop a package of supwt that will help them in the next Stage of their life. Skills for Independent WO and Living: This service is aimed at providing a group or I: I service to younger adults who l(x)king to improve their basic skills at home. which will enable them (o live lives that are more independent in the fijture. It is a more stTUCturcd programm¢ than most at Glck House. keeping the clients focussed on learning new skills. including cooking. cleaning. and money management and il supports clients for two days a week. Children Services: Based at The Old Schwl, Shepshed There was disrnption to the childrens services in the early part of the pandemic (from March to July 2020) but the delivery model of the services then followed the path of the education system and from July onwards. most of the childrens servi$ returned to business as usua]. The primary difference was that because of social distancing there were considerably less children than noTmal (the usual numbers are outlined below) and the level of activities w&s greatly curtailcd by the cli)sure of n)any places we w(Ndd DomllY go to and the restrictions in the ability to share transporL An After School Club during tcm)-time for up to 4 days a week. Holiday Play Scheme tiVItieS for up to 10 Children a day during half iem)s and school holidays. The Play Scheme is on the volunw Ofsd registration. SaDJrday respi* days, every Samrday. for up 20 chilthen each weekend provAding a day hjll of activities and outings. Childrens Buddy sitting service is PriMllY a sitting service for children with learning disabilities, but overnight stay5 and trips oui can also be provided. The service is funded from personal budgets and dlrect payments. Transitions Club- We are offering a teatimc club foT thosc who have attended our After School Club in the past but have become 18 duTing the school year. We also offer a large number of s(Kia] and skill building activities for young adults.
GLEBE HOUSE (CHARNWOOD) LIMrrED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED) The management and Board ensuff thai thc service5 remain relevant to the clients and remain ai a high standard by implementing client Sutveys once a year and having 5ugg¢stion boxes in the venues. In previous years, the Chief Executive has attended aclieni Representative meeting every quarter, which gave clients the opp)rtunity to fornially comment on curreni services. how they ¢an be improved and also to make suggestions for new services. These meetings were suspended in March 2020 and due to sRa1 disiatt¢ing . have no¢ yet been reinsta*d. This year. every of the charitable company. from IIR. finaDce, operations. health and safety io governance, h&5 been dominated and overshadowed by the p)nse to Covid 19. With the organisauon locked down from March July 2020 and the numbers of people permitted ¢0 attend services after this greaily restricted by Sla1 distancing measures and local governrnent intervention. we have not been able to provide the Durnkr of support hours that we would Ilke. The second and third lockdowns in November and January also reduced attendance, with some clients being absent from March 2020 to June 2021. One of the lights at the end of the tunD¢I is the vaccinations programmc. which gave priority to our staff in late January and by the end of May, nearly all of the stsff and a third of the adult clients have been double vaccinat. Although almost all of the original Covid safe restrictions Temain in place. by the summer 2021. we look forward to some kind of noTrnality again. During the course of the year. we sigJKd a contract extension for the Adults Framewojk with Leicestershire County Council and a new ten year lease for our main b&8e at Woodgate Chambers. We also successfully lendered for a new contract for Childrens Services with LCC and extended our le&8e for Glebe Workshop. We had a successful Of5trd inspxtion in 0¢ber 2020-there were no other third party InSptIOns. Financially and operationally. Glebe House is in a strong $l(lOll for the Dext tIve months although the doubts around the effect of COV]D 19 will remain for some time. We took the opportunity to review staff positions in 21Y20 and made three redundancies and we a150 Put in Pla new systems for payroll. tim¢sheets. payslips and improved the e- communication to staff. The orgallisation now h&$ a cloud b&8ed telephone system linking the four sites. The roles played by the management team individually and Colle1ve1y during lockdown was a huge reason why Glebe House rcmains in the strong wsition it is. The managers remained engaged witb ¢lienL8 and with all the PTocew of locking down and reopening when Tcquired to do so. They faced new challenges and in every case found workable solutions. The overall Covid situation which could havc becomc imp)5siblc has been eminenily possible due to their efforts.
GLEBE HOUSE {CHARNWOOD) LIMrrED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 21121 (CONTINUED) FINANCIAL REVIEW Our nct movenI ID funds for the year w&8 a surplus of £188.792. (2020: deficit of £19.421) Donatio and Grants This year we have re£eived a nurnber of grdnts and voluntary funding which has enabled us to expand and develop our scrviccs and we are grateful for all the donations we have received. We received restricted donations and grants totalling ll50 which was: £750 Grant for sla] aubs Investment Policy and PerfonDance It is our policy that investments need to be readily accessible and that we maintsin a balance between income and capital growth. lib Fuwlcial Services Ltd. who invest our funds according to our policy. manages the charitable company's investments. The market value of the investments has risen by £(.852 throughout the year. The F&GP group recommends thc organisation that manages the investhients to the Board after a selection process and this decision is reviewed annually. Risk Management The Trustees recognise the importance of Risk Management within the framework of governance and internal control. It remains the responsibiliry of the Chief Executive io provide the input for the risk management system. whilst the TneeS continue to review the major risks to which the charitable company is tAr and ensure that systerns have been established to mitigate those risks. A risk management licY has been Implement which includes: An annual review of the risk5 which the ch&itable cornpany may face and uplatiDg of the risk register The establishment of systrms and Pr£edre$ to mitigate those risks identified in the review The implementation of pr(Kedures designed to mininiise any tential Impact on the charitsble company should any of these risks materialise. Thesc are found in thc BusiJ)ess Continuity Plan.
GLEBE HOUSE (CHARNWOOD) LIMITED (LIMfTED BY CUARANTEE) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 21121 (CONTINUED) All staff members. together with Trustees. aTC involved in identsfying the risks that the chaTitable company faces. The rnost serious risks. COVID 19 notivithstsnding, remain overall social care budget cuts which will impact the level of individual personal budgets. In addition. the key risks are an imprecise pricing p)licy. w ¢a5h flow. an incident OT inspection that could cause a loss of Tcputation and incre&%ed competition. The accek8ibility of the building is &8sessed and the identified risks are managed &% far &q reasonably p)ssible alongside the Tequircments of the Disability Discrimination Act 1995 (DDA). Ongoing staff training takes place to maintain skills and knowledge levels. Glebe Hoe is recognised &% a Disability Confident Ernployer by the DWP. Glebe House retains the services of an HR Management Company. Flint Bishop provide a prof¢55ional HR uFMlate service in addition to advice and guidance and reduce the risk of IIR non-compliance. The services of LRB CoA8ulting are retained to provide professiona] support and regular audits on matters of Health and Safety and F¢ Safety. The dilapidations matter that has continued since the ending of the lease at 190. Forest Road, in ApTiI 2013. continues without resolution. Funds have been allocated in previous accounts and despite requests for updated infomiation. there has been no meaningful COt$pondenCe from LCC since April 2015 and the positioo remains unchanged. Principal Funding Source The principal funding source remains the l£icestershire County Council. However. many clients now have their own budgets (albei( that these are fijnded from the Council) which pay for the services thai they choose and this includes allated funds for overnight respite. The main childrens services are also funded from personal budgets paid from L£icestershire County Council. Reserves Policy The Trustees have set a reserves w)licy. which requires th* reserves be maintained al a level. which ensures that Glebe House (Charnw(KMI) Ltd.'s COTe activity could continue during a period of unforeseen difficulty and that a proA10Th of reseThes iK maintsitied in a readily r¢alisable fonn. The Trustees consider readily realisable reserves to be the amount of reserves that are easily converted into cash should the need arise. The calculation of the required level of reserves is an integral part of Glebe House (Charnwood) Lid.'s planning, budgeting and forecasting cycle. It takes into account the risks associated with each stream of income and expenditure varyi1)g from budget. the planned activity level". and Glebe House {Charnwood) Ltd.'s future commitments or costs concerned with level of reserves needed in the event of the losurc of the charitable coms>anies aclivities. including Tedundancy pay and the fijll cost of le&8es and commitments which would crysthllise. The TnIS consider that the ideal level of reserves as at 31. March 2021 would be £346.(KX).
GLEBE HOUSE (CHARNWOOD) LIhllTED (LIMITED BY GUARANTEE) TRUSTEFS ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED) The balance of rcs¢rYcs at 31° March 2021 w&$ £987.803. made up of £1.062 restricted funds and £986.741 of unrestrACted funds. which is aix>ve the Tnle¢S minimum required level of rcserves. Current frcc reservcs are £413.416. PLANS FOR FUTURE PERIODS The business plan that was created in carly 2020 is yet to come to fruition as the Covid Tcstrictions continue. The erosion of $ff levcl$ over lockdown means that as we reopen. we have an opportunity to bring new stsff and new ideas to the charitable company and seek new funding to improve the clients supw>rt. The most important aim is for the social distancing to end and to get all the ¢lients back to the serrfices thai they were used to. We also need to successfully tender for the new Adults Framework and also purchase a rcplacement vehicle to transport our clients. STRUCTURE GOVERNANCE AND MANAGEMENT The Chlty No 1018920. was forned in 1992 by mernbers of the then Charnwood Mencap Sociery to take over the nmning of Glebe House. The Council of Managemeni (Board of TDJStees) is currently comprised of a cross-section of pei)ple. including parents of a sibling with learning disabilities and those with significani experience of the volunw and the private sector. The Council of Manag¢rncnt meets at least six tirne5 a year to set the strategic direction of the chaTitsble company. ensure financial probity and constitutiona] compliance and ensure the charilable company is providing a high standard of seryiccs. A Finance and Genera] PuryK)ses subcommittee meets to discuss the detail of finances on a regular b&sis to provide support to the main Board. Peter Warlow is the Chief Executive and is employed to oversee the day4041ay Tunning of the ch&itable company. Decision maknng The Trustees consider the board of trnses. the Chief Executive and senior managers 18 detailed in ft0 10 as comprising the key management personnel of the charitsble company in charge of directing and controlling the charitable company and Tunning and opeTating the charirable company OD a day-tfrday basis. All TnteeS give their time freely and no Trustee rcmun¢ration was paid in the year. TSte¢S are required to disclose all relevant interests and ttgister them with the Chief Executive and in accordance with thc (*gaDisations policy. withdraw from thcisions where a confil'ct of int¢S¢ arises.
GLEBE HOUSE (CHARNWOOD) LIMrrED (LNtTED B Y GUARAiYfEE) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED) Reenlment and Appoinlmenl ofTn The directors of the ¢haritable company are also charity Tnte¢S for thc purFM)scs of charity law and under the charitable company's Articles arc known as members of the Board of Trnstres. ]n accordance with the Memordndum and Articles of Ass(Kiation the members. may from tin to time elect any person. who agrees io hold office. to be a Trustee. The minimum number of Trustees is three and there is no nwimum. DAsclosuTe and Barring Service checks a CaTried out for all Trustees and renewed every thr years. All new mcrnbers of the Board of Trustees spend time with senior management to familiarise themselves with the workings of the organisation. They receive copies of the governing documents and a sei of the la1 accounrs and the Charity Conunission's guidance 'The Essential Trustee" All Trustees are given a copy of the "Good Governance" code for the Voluntary and Conirnunity Sector and are provided with inforn)ation on appropriate conduct. The senior staff occ&sionaUy attend the Tntees. meetings to kccp them infoTmed of the ]Trent situation and fijture plans for each service. An annual skills analysis is used to identify gaps in the Board knowlcdgc. Staff Remuneration Policy The TrnsTre Board carries salary reviews out each year. Howcvcr. a review does not guardntee pay rise and there is no COntracal right to an atmual pay rise. Stsff will be infornied of the result of the r¢view in writin Support for Other Organtsailoas We have continued a strong asslation with Steps. which is a provider of services for children with disabilities as well as supporting many community venues in the area. All of our team leaders attend client reviews when requested and we provide a high Icvel of feedb¥k to all stskeholders to get thc highest Icvcl of sUPrt available for those we support. Public benefit Stat¢Dnt Glebe House is a charitable company providing a wide range of services to adults and children (8-80) with a learning disabiliry and lor autism. Our aim is to improve independ¢DCy. develop kills and provide a high qua]ity of care and support lo those in the Charnwood atta. although not exclusively. if they can travel to our location. Services and SuPr( which are not provided through an agreement with the local authority. are open to anyone who has sufficient fund& to support theirservice. We do considerhow to obtain fvnds forpeople who do not have resources to pay for services themselves. We make fijnding applications to funders indcpendent of LCC and staff will regularly Sllpp families with help and signw)sting beyond any ¢ontra¢l requirement.
GLEBE HOUSE ICHARNWOOD) LIMITED ILIMITED BY GUARANTEE) TRUSTE&S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 (CONTMJED) The charity Tnlstees have considered thc guidance on public benefit published by the ChaTity Commission in excrcising their wers and duties. The charity h&$ a range of policies and pttKedures. which are managed by the Quality and Care Manager. and updated and reviewed on a regular basis. A Diversity Ststement provides guidaJ)ce for the fair treatment for all stakeholders in the organisation. Trustres, resEM)nsibilities in relation to the financial ststrments The charities Trustees arc rcsponsiblc for prcE>aTing a ttuste¢s' annual report and financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Awcpted AutiD8 Pr¥tiee). The BoaTd of TSle¢S nominales the audi(ors at the AGM exh year. Company law requires the Tnle to financial statrments for cach year. which give a tTue and fair view of the state of affairs of the ¢haTi¢able wmpany and of the incoming resources and application of resources, including the income and expenditure for that period. In preparAng those financial stamentS. the Trustees are required to: select suitable accounting policies and then apply them consistendy. observe the rnethods and principles in the Charities SORP: make judgements and estimates that are rcasonablc and PTudent: state whether applicable UK accounting standarth have been followed. subject ro any material departures disclosed and explained in the financial slatcrncnts; prepare the financial staiements on the going concern basis unless it is inappropriate to pKsume that the charitable company WAII continue in business The Trustees are r¢snSIble for keeping proper accounting records that disclose. with reasonable accuwy al any time. the financial p)sition of the chaTitabl¢ cornpany. and enable them to ensure that the financial statements comply with the Companies Aci 21X)6. They are also Tesponsible for safeguarding the &ssets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. The Trustees are reSnsIble for the maintenance and intcgTity of the Corporate and fu)ancial infornlation included on the charitsble company's website. Legislation in the United Kingdom governing the preparation and diwmltilQn of financi8J siatements may differfrom legislation in other jurisdictions. In so far &8 the Trustees are aware: There is no relevant inforniation. being infoThation need by the auditor in connection with preparing their reporL of which the company's auditors are unaware. and The Trustees, having made enquiTies of fellow direciors and the auditor that they ought to have taken to make themselves aware of any relevant audit inforn)ation and to establish that the auditors are aware of that inforniation.
GLEBE HOUSE (CHARNWOOD) LIMITED (LIMrfED BY GUARANTEE) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 {CONTINUED) Approved by Board ofTrwt¢es on ........... ............ Mr N. Chlragb . Trustee io
GLEBE HOUSE (CHARNWOOD) LIMfTED (LIMITED BY GiJARANTEE) INDEPENDEwf AUDOR's REPORT TO THE MEMBERS OF GLEBE HOUSE (CHARNWOOD) LIMrrED Opinion We have audited the financial statements of Glebe House (Charnworrfj) Lirniied (the 'charitsble company.) for the year ended 31 March 2021 which comprise Statrment of Financial Activities. the Surnmary Incorne and Expenditse AccouDL the Balance Sheej the C&sh Flow Statement and notes to the financial statements. including a summary of significant accounting FKJlicies. 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 irl the UK and Republic ol Ireland Iunited Kingdom Generdlly Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2021. and of its incoming resources and app]ication of resources. including its income and expenditure. for the year then ended. have been properly prcpared in Xc0[dan with United Kingdom Generally Accepted Accounting Practi¢e" and have been prepared iti accordan with the requirements of the Companies Act 2006. Basts for oplnlon We conducted our audit in xcordance with International Standanls on Auditing (UK) OSAS (UK)) and applicable law. Our reSnsIbIlitieS under those Stsndards are fillther described in the Audiior's responsibilities for the audit of the financial statements stttion of our rcport. We arc independent of the charitable company in accordance with the ethica] requirements that are relevant to our audit of the fmancia] statements in the UK including the FRC'S Ethical Standard. and we have fulfilled our other ethical resw)nsibilities in accordance with th¢sc requirements. We believe that the audit evidence wehave obtsined is sufficieD¢ and appropriate to provide a basis for our opinion. cond10nS re12dng to golng concern We have nothing to report in spect of thc following matters in relation to which the ISAS (UK) require us to report to you where: the tTUStees' use of the going concen) basis of accounting il) the preparation of the financial statemenrs is not appropriate: or the trustees have not disclosed in the financial sLitemcnts any identified material uncertainties that may cast 5igDifJcant doubt about the chaTitabl¢ company's ability to continue to adopt the going concern b&sis of accounting for a period of at le&st twelve months from the dat¢ wh¢n the financial statements are authoriscd for issue. li
GLEBE HOUSE (CHARNW(X)D) LIMrrED ILIMtTED BY GUARANIEE) Other infonnatioD The trustees are responsible for the other infornmtion. The other infomiation comprises the inforniation included in the Trustees. Annual Rep)rL other than the financia] slatements and our auditor's report ther¢on. Our opinion on the financial staments docs not cover the other information and, excepi to the exieni otherwise explicitly sthted in our repor¢ we do not express any lorni of assurance conclusion thereoD. tn connectioD with our audit of the finan¢ial statements. our rtsw)nsibility is to read the other inforn)ation an4t in doing so. consider whether the other infonnation is materially inconsistent with the financial siaments or our knowledge obtsined in the audit or othenvise appears to be materially misslated. If we identify such material inconsistencies or apparent material misstatements. we are required io determine whether there is a material missthtement in the financial statements or a rnateria] misstatement of the other infonnation. Jl. based on the work we have perfornied. we conclude that there is a matrria] miss(atrment of this other InfOrntion. we are required to report that fact. We have Dothing to reith in this regard. OpinioDS on other matteys prescribed by the Companies Act 2(K16 In our opinion. based on the work undertaken in the cout5c of thc audbi: the inforniation given in the ISte¢s. re1 {inCOTpthg the directors. reiM)rt) for the financial year which the fmancial statements are prepared is consistent with the financial statements: and the tsustee's report h&% been prepared in accordance with applicable legal requirements Matlers •)n whl¢h w¢ are requlre41 to report by excepttOD In the light of ourknowledge and understanding of the charitable company and its environment obtained in the COUT5C of the audiL we have not Rdeniified material misstatements in the tnlee'S reporL We have nothing to TeFx)rt in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion: certain disclosures of directors. rcmuneratioll 5C]fied by law are noi made: or adequate accounting records have nol been kepi. or returned adequate for our audi( have not been re1Ved from branches not Visit by us: or the financial ststements are noi in agreement with the accounting Tecords and returns. or we have not received all the infOrntiOn and explanations we require for our audit. or the trustee were not entiiled to prepare the financial statements in accordance with the small Companies. regime and take advantage of the small companies. exemption from the requircrn¢nt to Prq>a a strategic report. 12
GLEBE HOUSE (CHARNWOOD) LIMrrED ILtMITED BY GUARAE) Responsibilities of trustees As explained more fully in the trust¢es' resP(sIbIlitieS statement [set out on page 91 the tNstees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepardtiou of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the truste deternline is Dec¢ssary to enable the preparntion of financial statements that are free from material misstatemenL whether due to fraud or ezror. In preparing the financial slatements. the trustees are responsible for assessing the charitable company's abiliry to continue &$ a going concern. dlsclosing, as applicable. matiers related to going concern and using the going Wncern basis of accounting Unless the trustee5 either intend to liquidate the charitable company or to cease operations. or have no realistic a]ternative but to do so. Auditor's responNI)ilities for the audit of the finaniial slatenwits Our objectives are to obtain rOnable lssurdnce aboui whether the financia] statements 18 a whole are free from rnaterial misstatement. whether due to fraud or error. and issue an auditor's report that includes our opinion. Rcasonablc assurance is a high Icvel of assurance. but is not a guarantee that an audii conducted in accordance with ISAS (UK) viill always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered MIrial if. individually or in the aggregate. they could re&sonably be expected to infiuencc the economic decisions of users taken OD the basis of these financial statcmcnts. Irregularities. including fraud. are InsLceS of non-compliance with laws and regulations. We design procedures in litie with our responsibi]ities. outjined above. to detrct material misstatemenls in respect of irregularities. including fraud. The extent to which our prixedures are capable of detecting irregularities. includlng fraud is delaiied below. We considered the n8the of the charitable company's activities and its control environment. We also enquired of managemeni about their identification and &%se&8ment of the risks of irregu]lties. We obtained an understanding of the legal and regulatory framework in which the charitable company operate5 and identified key laws and regulations that: had a direct effecl on the detrrination of Jnateria] amouots and disclosures in the financial statements. which included the Companies Act 2C(16 and payroll legislation. did not have a direct effecl on the financial statements but ¢omplian¢e with which may be ndamental to the charitsble company's ability to operate. We discussed among the audit engagement team the opp)rtunities and incentives that may exist within the organisatiim forfrdud and how I where fraud might <*cur in the financi statements. In common with all audits under ISAS (UK). we are also required to perforni specific predUreS to respond to the risk of management oveTride. In addressing the risk of fraud through management override of ntrolS. we tested the appropTiatencss of accounting adjusth]ents and journal entries. assessed whether untIng estimates were re&8onable and accuratr and reviewed the accounting records for any significant and unusual transalOn$. 13
GLEBE HOUSE ICHARNWOOD) LIMED (LIMITED BY GUARANTEE) In addition. our pn)cedures to resp)nd to the Ti5ks identified included: Reviewing financial statement disclosures by tIng to supporling documentation to assess complian¢¢ with provisions of relevant laws and regulations described as having a direct effect on the financial statements: Perfonning analytical Pr(lUreS to identify any unusua] or unexpected variances that may indicate risks of material misstatement due to fraud: Enquiring of management about any inslances of non-compliance with laws and regulations and any instances of known or susted fraud. Reviewing minutes of tswtees meetings. Because of the inherent limitations of an audi( there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk incre&ses the more that compliance with a law or regulation is removed from the events and transactions ffflexted ill the financial statements. as we will be less likely to become aware of instances of nonvcompliance. The risk is a150 greater regarding irregularities occurring due to fraud rather than eTTor. as fraud involves intentional concealmenl, forgery. collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https.'//www.frc.org.uklOur- WorklAudiUAudii-and.assurancelStandards-and-guidancelStandards-and-guidancc.for. auditorslAuditors-respon5ibilities-for-aUditlDwiption-of-auditors-resnSibil]ties-f0r- audit.&8px. This descriplion forn]s part of our auditor's report. Use of our report This report is made solcly to the charilable company's members, as a body, in accordan¢e with Chapter 3 of Part 16 of the Companies Act 21J)6. Our audit work has been undertaken so that we might state lo the charitable company's members those matters we are required to state to them in an auditotrs report and for no other PUT. To thc fullest extent perniitted by law, we do not accept or &ssume rcsponsibility to anyone other than the charAtable company and the thItable company's members as &ty. forour audit WOT( for this report. or for the opinions we have forn)ed. Philip Hand]ey FCA (Se tory Auditor) For and on behalf of Cobb Burgin Chartered A¢¢ounrants and Statutory Auditor 3 Floor, Butt Dyke House 33 Park Row Nottingham NGI 6EE I ' bi-t&-rtkL L 14
GLEBE HOUSE (CHARNWOOD) IJM ILIMITED BY GUARANTEE) STATEMEiYf OF FtNANCIAL AcfIvmFS (INCLUDING INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2] 2021 2020 Total Funds Incomkng and endownDts from: Donations and legacies Charitsble activities Contract Services Grants Other trading activilies Investments 1,793 1,793 3.486 807A59 216310 396 4552 8(nA59 21W 396 452 I,lJ)2.041 J8.201 750 5,363 1.030810 750 I31.160 1.033,131 Expendltwe OD: Raisitig funds Charitable activities 11088 11088 891.132 7.127 1.023.566 Totsl Expenditure ,165 1.055 903220 1,030.693 Net iDcomeJlexpenditure) aDd Del moveme kn funds before And losses on iDvestmeDts 127J4) 2.438 Net n1&xes} on IDVeStDY a01 6052 (21.859) Net IDcouKI(expeDditure) Traer$ belween funds Other reeoznised 81(losSes) Other Vin00$$¢s) OD rev41u*tloD fixed assets 189.097 188.792 (19.421) Net movement in funds 189,097 (305) 14792 {19.421} Recondliation of funtr. Tot41 funds brought fornrd 797ffi44 iJ67 799,•11 818,432 Total funds carried fonvard 98A741 799,011 All in¢om¢ and expenditure derive from continuing xtivities. The sts¢¢m¢ni of financial activities includes all gains and losses Tecognised in the year. 15
GLEBE HOUSE (CHARNWOODI LtMfTED (LIMITED BY GUARAWTEE) BALANCE SHEET AT 31 MARCH 2021 2021 No¢e8 Unrestrlcted Reslricted Total Fwhds Funds 2020 Total Funds FIXED A&SETS Tangible assets Inv¢stments 14 15 336,424 1,062 337882 349.067 184.661 573J25 574J87 533.728 Ikblors Cash ai bak and in band 16 113,019 439,463 113,019 439A63 113.928 282.034 Total Current Assets 552A82 551482 395.962 Creditor5 falling due within one y 17 1139 {139.060 (130.679) 413.416 413016 265.283 NET ASSETS 986.741 987,803 799.011 Restricted inme funds Unrestricted income hnds Revaluation reserves 1,062 871295 114.446 1.367 683.198 114,446 872295 114A46 986.741 987,803 799.011 Th¢ not¢s at pages 18 10 32 forni part of thC accouots :21 and signed on theiT These fllwKiai statements were apwoved by the trustees on ................. behalf. These accounts have been prepaTed in accordance with the wovisions applicable charitable cornpanies subjxt to the small coTnp4nies regi. by: Mr N Chiragh . Trust¢e 16
GLEBE HOUSE {CHARNWOOD) LiTED (LIMITED BY GUARANTEE) ATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2021 Notes Totsl 2021 2020 Cash Ilows from operaliDg activities: Net ¢&sh provided by (us¢d iti) 0titig athivili Investments Cgsb flows from iDves1iDg aclivities: Dsvidends, inlerest from iDvestm¢nts Procrzds from sale of proiw. plant & equipment Purch&se of property, plant & equipment Pro¢e¢ds from sale of iDv¢stments purch of investments 19 153MS 6.854 452 5.363 (4746J 31J43 12&604) (25.295) 260 Cash provided by (US in) iDvesiitig 1VIti¢$ 119,672) Change fn eash and Cash equlvalents In the year. Cash ¢osh equivaiettts broughi forward 157,429 282.034 (12,818) 294.852 Cash #nd (*h equivxleDts earried forward 439063 282,034 17
GLEBE HOUSE (CHARNWOOD) LIMfTED (LIMITED BY GUARAiYfEE) NOTFS TO THE FINANCIAL STATEMENT3 FOR THE YEAR ENDED 31 MARCH 2021 AccouwfiNG POLICIES AND STATirroRY INFORMAT10N a) Statutory tnfonD4tion Glebe House (CTharnwocd) Limited is a private company. limited by guarantee. registered in England and Waks. The compaDy'S registered Dumber and registered office can be found on th¢ company information page. b) Basis of ptrparation and ssesswt of goitig cott(w The aCCOUnLS (financial ststements) have been wepartd under the historical wst coJ)vention with items Tecognised at cost or transaction value unless Ot1Se stated in the relevant note(s} to The finao¢ial statetnents have been prepared in acc(d with the Statemettt of Recommended Practice.. Accounting and ReF%lrting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019) and the FiJ)ancial ReIling Stsndard applicable in the United King(knn and R¢public of knland IFRS 102) and th¢ Compani¢s Act 2(A. The trust constitutes a public benefit entity as (kfiDed by FRS IIY2. The ¢TUStee5 consider that there no material unc¢rtaintie5 about the charitable company's ability to Continue as a going concern. d) Fund aCc<mtIng The ch¥Jitabl¢ company maintains various of funds as follows: Restricted fwiqLs. RtrActed are subie£ted to rutrictions on 1reXpend1the IM by the donor. Design•ted funds . Designated are unrestricd fimds earm8rk¢d by the Board of Truste¢s for particular purp)ses. Unrestricted fwmts - unr¢Strict fund5 available foT US¢ at the discretion of the Board of Trnstees ID furtherance of the general objectives of the charitable Company. All incoming resources are included in the Statement of Fmancial Activiti when the charitable company is entitled to the income and the amount can be quantified with re&soDable xcuracy. The following specific p)licies are applied to paTlicuJar categories of income. 18
GLEBE HOUSE ICHARNWOOD) LIM (LtMnED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEN15 FOR ThE YL4R ENDED 31 MARCH 2021 (CONllNUED) ACCOUThG POIJCIFS AND AT[r[oRy INFORMATION ICONfllwED) Voluntary income is receive41 by way of donions and gwLts and is iocluded in in the Statement of Financial Activiti¢S when r¢¢eivable Grants. where entitlement is not conditional on the delivery of a sErcific prf0Mb?Je by the ¢haTi>ble company a r¢¢ognised when the hlIable company b¢¢om¢s tsn¢onditionally entided to the granL Inwming resources from grants. where relad to perfonnance and 4)e£ific thliverables. are accounted for as the charitable company earns the right to consideration by its perfonnance. The value of Servic WOV1 by volunteets has not been included in these accouDts. Inveslmeni i0¢ is in¢luded when r¢1VIblc. Exp¢nditur¢ is re¢ognised on an accrnals basis as a liability is incuTTed. Expenditure iocludes VAT. which cannot be recovered and is reported part of the expendittwe io which it rele5. Costs of g¢neratitig funds comprise the costs associated with at¢Tactin8 voluntary income and the cosis of fundraising. Charitable activlties expendibjre comprises those costs IncU¢d by the chIlable company in the delivery of its activities and services fcff its bvneficiaries. Governance ¢osts include those costs associated with mttting the conslitutional and stOry requir¢m¢nts of th¢ charitable company and include the audit fees and costs linked to the strategic management of the charitable company. A]] costs aTe all(Kated between the eXndIt cagoTIcS of the Stswnent of Financial Activities on a b&%is io refleci the use of the resou4rce. Costs relating to a particular activity are allocatedd1rtIy. The resswrces extrd ID theopernion ofthecharitable company's central services System and ¢¢Dtra] offi¢t which cannoi be direcdy allated are apportioned beiween the exndItUre categoTies on the basis of the clMated amount of staff time involved in each activity. Tangible fixed &wets and depreciation All assets are capitsjised and valued ot ¢ost (ord¢¢med cost). DCecIation is pft)VAded * rates calculated to Wri off the cost of each assd over its expected USefi life. at varying rates. The ra of deweciation applied to the assets are: Ikasehold proFrty improvements Freehold property improvements Fixtures and fittings Motor vehicles IO% straight line 10% straighi IiD¢ 25% straighi line 25% Teducins balae Dwingthe Ythe ¢haTitsble companybas #doo¢d therevaluation mrAkl in res of Fre¢hold Proly. All items of equipment that are consumable in nature are capitalised. Donated assets aTe brough in * their $eM.hand value 4t th¢ date of re¢ei 19
GLEBE HOUSE {CHARNWOOD) LIMrrED (LIMTTED BY GUARANfEE) NOTES TO THE FINANCIAL sfATEMENIS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED) ACCOUNTING POLICIFS AND ATuTORy INFORMATION {CONTINUED) h) Debtors TTad¢ and other deots are recognised at the sertlernent amount due after any trade discount off¢red. PrepaYrnts are valued at the amount prepaid net of any trade discounts Cr¢ditors and pmvisions are recognised where the Charlble cornpany h48 a pffseni obligation resulting from apast event that will probably result in the transfer of funds to a third party and the account due to settle the obligation can be measured or estimated reliably. Creditors and provision5 are nomlY re¢o8nised their s¢ttlemeM amount after allowing for any trade discounts due. J) Operating leases Rentals app]icable to operating leases are charged to the Ststement of Fjnancial Activities (SOFA) over the peri(Ml in which the CO is incutred. k) Pensfion msts Employees of the charithble company are entitled to join a defined contribution 'money purchase, scheme. The charitable company contribution is r¢stri¢d to th¢ ¢ontribuiions disclosed in note 10. Theff were no OUL8tsnding contributions at the year end. The costs of the defined trIbutiOn s¢h¢m¢ are included within SUFg0rt and governance costs and charged to the un$ided funds of the ch]b]e c4%npany. The money purchase plan is manapl by the Peoples Pension and the plan invests the ¢ontributions mad¢ by the employtt and employer in an investment fund to build up over the temi of the plan. lThe pension fund is then converted into a pension uwn the employee's nornial retirement age which is defined as when they aTe eligible a sthte pthsion. The Eotal expense Tatio of the plan is 0.5% aJ)d thi5 is deduthd fwm the invesDnent fund annually. The Trust ha5 no liability beyond makinE its contrlbutions and paying across the deductions for the employ¢e's contributions. i) Inveslments are a form of basic financi instsim)eni and are initially tecognised at their transaction value and subs¢qu¢ndy muled ai their fair value as at the balance sheet date using the Closing quoted markd price. The statement of financial activities ID¢luded the net gains and losses arising on revaluation and di5p)s*ls through0 the yur. The Tnl doEs not xquire put option& (ler1]veS. or othex complex financial irLsmm)ents. The main forn] of financial risk faced by the charitable company 15 that of volatility in equity markets ond invuttnent markeLS thie to wider e£onomic conditions. the attitude of investors to investment risL and changes in sentiment Coj¢Tnlng equities and within parti¢ular SlOrS or sub sectors. 20
GLEBE HOUSE (CHARNW(K)D) ILIMITED BY GUARATh) NOTFS TO THE FINANCIAL ATEmEN[s FOR THE YEAR ENDED 31 MARCH 2021 (CONfiNUED} ACCOtrNTING POIACIFS AND STATtrroRY INFORMATION (CONTINUED) iii) Reglised and lossos All gains and 1055¢5 ¥e kets the Statement of FanCIal Activities a5 they wys¢. Realis¢d g¥ins and losses on investrnents aTe calculatrd as the dRffeTence been sa]e& proceeds and their opening c]ng value or their pUhase value if acquired subsequent Io the first day of the financiaj year. Unrealised gains and losses are calculated a5 the difference betsv¢¢n th¢ fair value * the year end and their carrying Y¢. R¢alised and unrdised investment gains and losses art combined in the StaterneDt of Financial Activities. C*sh 81 baDk and ID haDd C&8h at bank and cash in haJ)d iD¢ju$ ¢ash and ShOrt.te liquid iDV¢Stments with a short maturity of three months less from date of acquisition. Temunatioll payments do not provi& the charitable company with future economsc beYJefits. are recognised an expense once the chatitsble ComY can &nx)nstraie commitment to temiination of an employee contract. 21
GLEBE HOUSE (CHARNWOOD) LI1r[ED (LIMTfED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONllNUED) VOLUNTARY INCOME 2021 2021 2021 2020 Totsl 1.793 3,486 INCOMtNG RFsoUR FROM CHARrrABLE AcrivrriES 2021 2021 2021 Total Community L4fe Choices Adult Home & Commutiity Suppxt Aulism Service Work Skills Adult Activily days Overnight Short Breaks Carry on Club Youth Club Trdn5ition Service After Schools Club Playscheme Saturday Club Childrens Buddy Sitling Conf¢ttnce Room 133.4Ql 233.401 270,079 115,018 259,074 77.422 4,356 55,069 5.080 5.213 90,013 21,179 32.918 59.670 502 6,448 189J18 64.129 641 63.134 10215 15,750 63,134 1021S 15.750 807.459 807A59 1.002,041 Grants Sen50ry Equipment Work Ski115 S¢xia] Club BS Charnw(K¥l BC Disc. Grant 15.020 .629 750 802 750 750 io.ith) 201490 1.017 io.o(Ki 20¥90 1,017 LCC Covid Grant Grant re LFT RTF 15% Payment Partner A & C 150 150 216210 750 216960 18.201 22
GLEBE HOUSE (CHARNWOOD) Lifvuf£D (LIMITED BY GUARANfEE) NOTFS TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 2021 (CONfThuEDI 2021 2021 2020 Total Fundraising events 2.027 Work Skills Project Sales Staff Sales 296 296 1.998 15 396 2021 2021 2021 2020 Totsl M8naged potrfolio investment$ Dep)sii account inwest 2.071 2.481 3.504 1,859 2,481 452 452 5,363 co OF GENERATING vOLARy INCOME 2021 Total 2020 Total Fundrni8in£ costs Inveslrnent Management Costs 1.875 5,252 10.680 IIO88 7.127 23
GLEBE HOUSE (CHARNWOODI LIMrrED (LIllTED BY GUAK4NTEE) NOTES TO ThE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 2021 (cowriNUED) 2021 2021 2020 Total Community life CIK)iC¢S Adult Home & Community Supi Autism Service Work Skills Adult Athivity Days Overnight Short Breaks Carry on Club . Youth Club Trdn5ition Service After S¢hool$ Club playh¢Me SatUTday Club Childrens Domiciliary Care Conf¢r¢n¢¢ Room Governance Casts 144.791 285.701 131,401 269.031 83.704 2,129 63,426 5,217 6.661 52,708 27,737 28,717 59.074 346 3,808 3.846 00212 78395 47265 16 142888 192020 98,093 114525 15884 7.127 5085 51 J82 35830 3393 59274 3,041 20 18279 13,078 3015 17,151 21)515 235 3.764 418 3.764 377.059 514,lJ73 891,132 1,023,566 GOVERIYANCE COSTS 2021 Total 2020 Totai Staff costs Auditors Remuneration Postage and stttionery 314 3020 396 3.420 30 3.7(A 3,846 24
GE HOUSE{CHARNWOOD)iIMrtTri) (LIMfiEDBYGUARAf*TEE) 2421 CwJmuDityiifeCIKxces 15J16 1¥791 79.535 28.987 69.158 19.130 217 14,728 1,397 1.307 678 Autism Serri¢e W4tkSkilJs Adult Activjty Da Ov¢miEhEShortBteakx c on Club YJth Club Tr4lon Sctvict AfttrScFKx)l$thb PJayxh¢n Satymdayclub 3J17 114525 50128 4S722 71 i• 76 176 JJ12 Jojij 17.151 15 169 142 5.763 6,146 14.162 72 797 1,759 510 257,550 M4naBement & Cornmunjcatto DcwaD( Mini.bJS rnileageathtrity Mirn.bJ5 mdea8e Mini.by$& Yebicies 25
GLEBE HOUSE (CHARNWOOD) LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINAL STATEhlENTS FOR THE YEAR ENDED 31 MARCH 2021 (Co) Net resources ore sthted ts char8inWcTe4Jiting 2021 Totsl 2020 Total 11756 1.464 3.420 1.150 DepTeciation- kased assets Auditors remuneration Oth¢T op¢rating le$ 3A20 lJ34 There were Do expenses reimbutsed io memiws of the BoaTd of TnJste¢8 during this or the previous year. No memlxr of the Board of Trustees rectived any remuneration during this or the previous year. 10. ANALYSIS OF STAFF COSI5 TRU REmuTIoN AND EXPENSES, AND THE cosr OF KEY MANAGEMEKf PERSONNII 2021 Total 2020 Totsl Salaries Social security costs Pension costs 696,iM)3 39 J7ffj53 802,688 46.468 18.857 754,095 868.013 No employees had employee benefits in excess of £00.( in the year (2020: £ ni]). Tr charitable company's trustees w¢r¢ nolpaidor r1¥¢1 any¢)ther benefitsfromemploymgnt with the charitable company in the year (2020: £ nil) neither were they reimbursed exnseS during the year (2020.. £ nil). No trustee received paymeni for professional or other services supplied to the Charitable ¢ompany (2020 £.. ni]). The key management personnel of the charitable company. comwise the trustees. the Chief Executive Officer and additional management of Adult Services Manager. HR and Admin Manager. 1]dreS Services Managu and Finan(% Manager. The total employe¢ nefits of the key and additional management personnel of the charitable company were £117.444 (2020: £139.190). The charitable company made £17.653 of contributions to the pension plan operated by The Peoples Pension on behalf of th¢ employe (2020: £18.857}. For more inforniation aih)ut the Frnsion Contributions kn to notr l (k). 26
GLEBE HOUSE (CHARNW(IOD) LIMITFII (LIMITED BY GUARANTEE) NOTES TO THE FINAL STATEMENIS FOR THE YEAR ENDED 31 MARCH 2021 {CoNTlED) 11. STAFF NUMBERS The average monthly Iad ¢ount Wds 63 staff {2020:72) stafft and the avwage monthly number of bjll.time equivalent employees (including ¢asuaJ aJd part-time Staff) durAn8 the year were as follows= 2021 Totsl No 2020 No Chief executive M4t)8gemeni stsff Administration a1 sutTM)rt Staff - Direct seTrice5 37 41 12. TAXATJON The chRtable company is exempt fr(Kn ¢oryw4tion tsx on ILS ¢harAtable activities. 27
GLEBE HOUSE (CHARNW(X)D) LIM (LIMITED BY CUARANfEE) NOTES TO THE FINANCIAL sfATEMENfs FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED) Unrcstricd R¢swi¢d Funds Funds 2020 To1 JJKoming and ¢Ddowments from Donations and le8aci&s Charitable a¢tiviti¢S Contract Services 1.827 1,659 3.486 i.(M)2.041 15.822 I,2,041 18.201 2.379 Other trading activities tnvestments 5.363 Tot income 1.029,093 4.038 1,033.131 Expenditure on: Raising fvnds Charitable tiVitieS 7.127 1.019.088 7,127 1.023,566 4.478 Totsl eXndItUre 1.026.215 4.478 1.030,693 Nei iKomelexpendituYe) and net Movement in ndS irfore gains Aod losses Inv¢stmw)ts 1878 (440) 2,438 Net gains(losses) on investments (21.859) (21.859) Net InCome(eXpeIllUTe) (18.981) (440) (19.421) Transfers between fiu Other recognised gain50055es) Other gainsoosses) on reva]uation of fixed assets Net movement in funds (18.981) (440) (19.421) R¢¢onciliatioD of fvnds: Total funds brough¢ forward 816,625 818.432 Totaj funds carrie4J forward 797.644 1.367 799.011 28
GIEBE HOUSE ICHARNWOOD) LIMrrED (LIMrrED BY GUARAE) NOTES TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 24)21 {CONTSED) 14. TANGIBLE FIXED ASSETS Charlty Ai l April 2020 Additions DisSa]S 295.lJ)O 7,146 IS056 53J60 88W 459.647 746 746 WSS S3,133 AT 31 MARCH 2021 295,0 7,146 15.056 3328 6030 411260 D¢pTe¢i#iion At l April 2020 Charge for year Revaluation Disposals 371 4J31 34J72 1.786 i05 7J15 71.706 I1080 3? 14.153 24T13 182 50955 AT 31 MARCH 2021 1157 16914 49,1)71 73.778 NET BOOK VALUE At 31 221 295.(MMI 9,420 IA614 IIN59 337082 At 31 March 2020 295,(iK 6.775 10.925 19.488 16.879 349.067 If the ¢haTitable ¢ompany's freehold prr4w had )l revalued it would stated at historical ¢osi of £180.554. A professional valuion of theftteholdproiw on Shelley StreeL Loughborough, Leicestershire was carried out by A]exandeTS. a comtnercia] FYOF¢rty consu]t4nts. on 13 May 2019. Th¢ir valuaiion w&$ in tr sum of £295.IXK). The Cay1n8 value of this asset in the balance sheet amounts to £295.(MKI. 29
GLEBE HOUSE (CHARNWOOD) LINflTED (LIMIIED BY GUARANTEE) NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 MARCH 2021 (CONflED) Total Total Opening cOstfvUati0D Addirions Disposa]s Unreaiised gainlooues) Movement in cash awaiting invesiment 184,661 (31,648) (260) (23.348) Closing Cost I YUtion 236905 184.661 16. DEBTORS 2021 Tolal 2020 Trade debtors 038 10207 14,774 103.101 10.827 Other debiors 113.019 113.928 2021 Total 2020 Tot41 Trade CTeditors Social se¢urkty and (rther ¢S Accruals and deferred income 11.076 10,235 109,368 627 116,189 9.762 139,066 130,679
GLEBE HOUSE (CHARNWOOD) LIMITED ILIMITED BY GUARAwfEE) NOTrS TO THE FllYANCIAL STATEME FOR THE YEAR EIYDED 31 MARCH 2] (CONTMiED) 18. FINANCIAL CommNIs The charitable company has annual rmItments uJKkr non-cancellable operating leases as follows.. 2020 Total Operating l¢ases wbi¢h expff: Within l year Land and Buildings Other itetThq Within 2 to 5 years Land and buildings Other items 14158 7.079 627 1.725 19. RECONCILIATION OF NET MOVEMENf IN TriJNDS TO IYET CASH FLOW FROM 2mi Total 2020 Net income/(exFenditure) for the reporting p1] (&$ per the statement of adivities) AdJustn*nts for. Depreciation chaTges (Gains)nos5es on investments Dividends. interest from investments tA)$51(profit) on th¢ sal¢ of f¢ OncreaseYdecrea5e in deb[S Incre&8el(de£rease) in creditOTS Revaluation gains 14792 (19.421) 14,153 154?83) (4552) 1.179 14,220 23,348 (5.363) (11.087) 5.157 Net cash provided by (used in) oFalID8 xtivities 153 ANALYSIS OF ASSETS BThEN FUM Uthrestritted Restricted Total Tot41 xed assets Cwrenl asseis CurTent liabilities 573?25 SSl482 IIYJ. 574,387 552.482 1139,066) 533,728 395,962 (130.679) Net assets at 31 MaTch 2021 94741 987.803 799.011 31
GLEBE HOUSE (CHARNW(IOD} LIM (LIMITED BY GUARANfEE) NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (coiYriNUED) At I Aprll IDcomiDg Outgoing At 31 Mardj Capital Grants- Short Breaks for CharnwoTrl Borougb Council Socia] Club 1,062 750 750 lJ67 750 1,055 1,062 21 RELATED PARTY TRANSAcfioNS AND TRUSTEE'S EXPENSKS AND TheTe were no relat party transa¢tions r¢quiiing di10$¢ widert4ken during the year. CONllNGENf LIABIL There exists a contingent liability for £102.755 in rest of a cjairn made by l£i¢estershire County Council (Tr Council?. In March 2013 the charitable company vacated wemises owned by the councAI. In January 2014 the council made a claim for £95.(th based on the assumption of the work required and esiimated costs in respect of dilapidatioDS. The charitable company instruaed surveyors to ¢3fty oui a survey of the building. however the council let the building and carried out the work before an indepen(kthl SUTvey could Carried out. This is noi in accorda¢ with the Royal Instimte of Chart¢red SuTveyors protocols. The anticipated costs of £95.0(KJ were provided for in the accounts for the year etmled 31 March 2013. In Fcbruary 2015. the COU11 made arevised claim on acosts incurred b&sis for£197.755. The charitable company has requested fither inforniatÈon from the ¢ouncd but none has len forth¢g. B&8ed on the advice of aD independent surveyor the diffeTence in the two claims relates to building works n¢Ce5w for stamtory ¢Otnpliatice which C4Dnot k claimed as di14)idations. Following the advirx ceIved the trustr¢s consider th N 4dditiona] provision is necessary. 32