Registered number: 2734498 Charity number: 1022313
**The Cavendish House Trust UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020**
**Prepared By:** Unsworth's Accountancy Services Ltd Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD
**The Cavendish House Trust**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020**
## **TRUSTEES**
L M Carey (resigned 02/03/2020) C J Chacksfield M Hughes A G Levy S Martin (resigned 17/11/2019) C Meakings G A Meakings J Wilson
## **SECRETARY**
A G Levy
## **REGISTERED OFFICE**
Cavendish House 4 Saxbys Lane Lingfield Surrey RH7 6DN
## **COMPANY NUMBER**
2734498
**CHARITY NUMBER** 1022313
## **BANKERS**
Barclays Bank
## **ACCOUNTANTS**
Unsworth's Accountancy Services Ltd Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD
page 1
## **The Cavendish House Trust**
## **ACCOUNTS**
## **FOR THE YEAR ENDED 31 JULY 2020**
## **CONTENTS**
||Page|
|---|---|
|Report of the Trustees|3|
|Independent Examiner's Statement|6|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Accounts|10 to 14|
|Detailed Statement of Financial Activities|13|
page 2
**The Cavendish House Trust**
## **FOR THE YEAR ENDED 31 JULY 2020**
## **TRUSTEES' REPORT**
The trustees present their report and accounts for the year ended 31 July 2020
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The organisation is a charitable company limited by guarantee not having a share capital and was incorporated on 27 July 1992. The liability of the members, in the event of the winding up of the company, is limited to £1. The company is established under a Memorandum of Association which sets out its objects and is governed by its Articles of Association.
The trustees who served during the year were:
L M Carey (resigned 2 March 2020)
C J Chacksfield (resigned 4 August 2020)
M Hughes
A G Levy
S Martin (resigned 17 November 2019)
C Meakings
G A Meakings
J Wilson
The trustees of the charity are also directors for the purpose of company law. Trustees are appointed by a resolution of the council or by ordinary resolution of the company.
The trust is run by a manager who is responsible to the trustees. The trustees meet at least quarterly during the year.
The trustees make a formal assessment of the major risks to which the charity is exposed on an annual basis. They are satisfied that systems are in place to mitigate exposure to such risks.
## **OBJECTIVES AND ACTIVITIES**
The trust's objects as set out in the Memorandum of Association are the relief of suffering and in particular the care of the mentally handicapped. The trust has a Christian ethos which aims to provide homes for life for adults with learning difficulties. Within this framework, our aim is that all our residents should lead happy and fulfilling lives by providing opportunities to develop their skills, maximise their independence and to interact socially within the local community. Currently, the trust runs one home caring for five residents with varying degrees of disability.
As in previous years, the main objective of the year focused upon maintaining the well-being of the residents whilst maximising each resident's capabilities to their fullest potential and the acquisition of additional property to expand the charity.
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit.
page 3
**The Cavendish House Trust**
## **FOR THE YEAR ENDED 31 JULY 2020**
## **TRUSTEES' REPORT**
## **ACHIEVEMENTS AND PERFORMANCE**
This year has been a year of progress for the trust, having purchased a second property about one hundred metres from Cavendish House, which means in due course the trust will be able to offer another five residents a place to call home. It is anticipated that it will be ready for occupation by the end of January 2020.
As always the trust continues to provide an environment in which the residents are encouraged to lead rewarding and fulfilling lives, to which end they all take part in numerous activities of their own choosing each week.
The trust actively seeks opportunities for the residents to participate in activities within the local community. The residents are part of a local drama group putting on regular productions. They are also involved in helping at the trust's own shop, which has been part of the village for many years. They also help in commercial enterprises including a local shop and plant nursery.
In recent years residents have been encouraged to spread their wings and now their activities include a number of sporting activities including going to the gym, playing football in a disabled league, and going swimming.
## **FINANCIAL REVIEW**
During the year under review, the charity had net income of £43,948 (2019 - £36,816). General funds are maintained at a level approximating to six months charitable expenditure and are felt sufficient to cover any short term additional costs in line with the potential changes in the funding for the type of care the charity provides.
## **RESPONSIBILITIES OF THE TRUSTEES**
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2016. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 30 November 2020
page 4
**The Cavendish House Trust**
**FOR THE YEAR ENDED 31 JULY 2020 TRUSTEES' REPORT**
A G Levy Trustee
page 5
**The Cavendish House Trust**
## **INDEPENDENT EXAMINER'S STATEMENT**
## **FOR THE YEAR ENDED 31 JULY 2020**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CAVENDISH HOUSE TRUST**
I report on the accounts of the company for the year ended 31 July 2020 .
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA .
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINERS STATEMENT**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
page 6
**The Cavendish House Trust**
## **INDEPENDENT EXAMINER'S STATEMENT**
## **FOR THE YEAR ENDED 31 JULY 2020**
## **INDEPENDENT EXAMINERS STATEMENT**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
...................................................
Date: 30 November 2020
Unsworth's Accountancy Services Ltd Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD 01342 604936
page 7
**The Cavendish House Trust**
## **Statement of Financial Activities for the year ended 31 July 2020**
|**Income**
Income from generated funds
Donations and legacies
Income from Investments
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
11,708
-
334,254
**345,962**
15,430
286,584
**302,014**
**43,948**
**43,948**
1,252,603
**1,296,551**|**Restricted**
**funds**
**£**
-
-
-
**-**
-
-
**-**
**-**
**-**
-
**-**|**2020**
**Total**
**£**
11,708
-
334,256
**345,964**
15,430
286,585
**302,015**
**43,949**
**43,949**
1,252,602
**1,296,551**|_2019_
_Total_
_£_
_544_
_1,827_
_335,757_|
|---|---|---|---|---|
|||||_338,128_|
|||||_18,579_
_282,733_|
|||||_301,312_|
|||||_36,816_|
|||||_36,816_
_1,215,787_|
|||||_1,252,603_|
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 8
**The Cavendish House Trust**
|**BALANCE SHEET AT 31 JULY 2020**
**Notes**
**FIXED ASSETS**
Tangible assets
3
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
4
12,635
Cash at bank and in hand
346,839
359,474
**CREDITORS: Amounts falling due within one year**
5
10,801
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**7**
General fund
Designated funds|**2020**
**£**
947,878
_16,415_
_406,841_
_423,256_
_16,048_
348,673
1,296,551
628,875
667,676
1,296,551|_2019_
_£_
_845,395_
_407,208_|
|---|---|---|
|||_1,252,603_|
|||_561,354_
_691,249_|
|||_1,252,603_|
For the year ending 31 July 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the board of trustees on 30 November 2020 and signed on their behalf by**
.............................
A G Levy Trustee
page 9
**The Cavendish House Trust**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020**
## **1. ACCOUNTING POLICIES**
## **1a. Basis Of Accounting**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **1b. Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **1c. Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1d. Allocation And Apportionment Of Costs**
All costs relate to the single activity of the charitable company and are recognised accordingly.
## **1e. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
## **1f. Depreciation**
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
|Land And Buildings|straight line over 50
years%|
|---|---|
|Fixtures and Fittings|reducing balance 20%|
|Equipment|reducing balance 20%|
|Motor Cars|reducing balance 25%|
## **1g. Turnover**
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
page 10
**The Cavendish House Trust**
## **1h. Government Grants Deferred**
Government grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets.
|**2. GOVERNMENT GRANTS**|**2020**|_2019_|
|---|---|---|
||**£**|_£_|
|Government grant received CJRS|2,613|_-_|
Government grant received CJRS
The above grants have been recognised in the profit and loss account and matched with the expenditure towards which they are intended to contribute
## **3. TANGIBLE FIXED ASSETS**
|**Cost**
At 1 August 2019
Additions
At 31 July 2020
**Depreciation**
At 1 August 2019
For the year
At 31 July 2020
**Net Book Amounts**
At 31 July 2020
At 31 July 2019|**Land**
**And**
**Buildings**
**£**
249,170
126,057
375,227
(578,586)
19,632
(558,954)
934,181
827,756|**Fixtures**
**and**
**Fittings**
**£**
19,498
-
19,498
12,120
1,475
13,595
5,903
7,378|**Equipment**
**£**
10,169
-
10,169
8,186
397
8,583
1,586
1,983|**Motor**
**Cars**
**£**
28,320
-
28,320
20,042
2,070
22,112
6,208
8,278|**Total**
**£**
307,157
126,057|
|---|---|---|---|---|---|
||||||433,214|
||||||(538,238)
23,574|
||||||(514,664)|
||||||947,878|
||||||845,395|
|||||||
|**4. DEBTORS**|**2020**||_2019_|
|---|---|---|---|
||**£**||_£_|
|Amounts falling due within one year:||||
|Trade debtors|2,928||_5,598_|
|Other debtors|9,222||_10,817_|
||12,150||_16,415_|
page 11
**The Cavendish House Trust**
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|
||**2020**||_2019_|
||**£**||_£_|
|Trade creditors|-||_4,934_|
|Taxation and social security|7,518||_7,765_|
|Other creditors|3,283||_3,349_|
||10,801||_16,048_|
## **6. LIMITED BY GUARANTEE**
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31 July 2020 there were 6 members.
## **7. UNRESTRICTED FUNDS**
||**Brought**
**forward**|**Incoming**
**resources**|**Outgoing**
**resources**|**Transfers**|**Carried**
**forward**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|General fund|561,354|345,963|(278,442)|-|628,875|
|Tangible Fixed Assets Fund|251,249|-|(23,573)|-|227,676|
|Development Fund|440,000|-|-|-|440,000|
||1,252,603|345,963|(302,015)|-|1,296,551|
## **Tangible Fixed Assets Fund**
The Tangible Fixed Assets fund represents the proportion of the total funds that are represented by the tangible fixed assets of the Trust.
## **Development Fund**
The Development Fund represents sums set aside for the future development of the services provided by the company which may include the purchase and refurbishment of a second home.
page 12
**The Cavendish House Trust**
## **Incoming Resources for the year ended 31 July 2020**
|**Incoming resources**
**Incoming resources from generated funds**
**Voluntary income: donations and fundraising**
Donations and fundraising
9,095
**Investment income**
Interest received
-
**Charitable activities**
Shop takings
21,484
**Activities to futher the charity's objects:**
Fees received for the care of residents
312,772|**2020**
**£**
_544_
9,095
11,708
_1,827_
-
-
_37,057_
21,484
_298,700_
312,772
334,256
345,964|_2019_
_£_
_544_
_544_
_1,827_
_1,827_
_37,057_
_298,700_
_335,757_
_338,128_|
|---|---|---|
page 13
**The Cavendish House Trust**
## **Expenses for the year ended 31 July 2020**
|**Expenses**
**Costs of generating funds**
**Fundraising Trading Costs**
Shop rent, rates, electricity and insurance
Shop repairs and waste disposal
**Charitable Activities**
**General Fund**
Food and household expenses
Day care costs
Advertising for residents
Staff entertaining and gifts
Rates and water
Insurance
Heat and light
Cleaning
Repairs and maintenance
Staff wages and salaries
Freelance advocacy and counselling
Staff recruitment, DBS checks and training costs
Staff training costs
Website design and hosting and other computer costs
Motor and travelling expenses
Accountancy fees
Pension advice fees
Legal and surveyor's fees
Printing, postage and stationery
Telephone
Subscriptions
Registration fees
Outings and activities
Bank charges
Sundry expenses
Depreciation of land and buildings
Depreciation of fixtures and fittings
Depreciation of equipment
Depreciation of motor cars|**2020**
**£**
13,842
1,588
15,430
15,430
13,594
489
1,223
295
5,359
8,000
5,999
176
8,566
200,995
60
644
725
2,123
3,997
2,971
376
1,620
682
1,096
170
816
1,310
-
1,724
19,633
1,475
397
2,070
286,585|_2019_
_£_
_16,856_
_1,723_|
|---|---|---|
|||_18,579_|
|||_18,579_
_9,587_
_711_
_414_
_653_
_3,460_
_6,069_
_4,401_
_540_
_10,676_
_205,778_
_613_
_850_
_2,110_
_1,308_
_4,691_
_745_
_-_
_-_
_1,188_
_850_
_58_
_836_
_4,019_
_92_
_875_
_17,109_
_1,844_
_496_
_2,760_|
|||_282,733_|
302,015
_301,312_
page 14