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|Contents||Page|
|---|---|---|
|Board of Trustees'
Report||1-6|
|Independent
Auditor's
Report||7-10|
|Statement
of Financial Activities|||
|Balance Sheet||12|
|Statement
of Cash Flows||13|
|Notes to the Financial Statements||14-25|
|Management
Information
Schedule|—unaudited|26|
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||Restricted|Unrestricted|Total Funds|Restricted|Unrestricted|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
||Funds|Funds|2021|Funds|Funds||2020|
||2021|2021||2020|2020|||
||||||||E|
|||||E|E|||
|Income From:||||||||
|Donations
(note 6)||1,345|1,345|50,000|1,141||51&141|
|Charitable
activities:||||||||
|Residents'
fees (note||2,602,383|2,602,383||2,623,339||2,623,339|
|4)||||||||
|Other income (note 5)|169,769|4,032|173,801||18,765||18,765|
|Investments
(note 6)||212|212|||659|659|
|Total income|169,769|2,607,972|2,777,741|50,000|2,643&904||2,693,904|
|Expenditure
on:||||||||
|(note 7)||||||||
|Charitable
activities:||||||||
|-Cost of residents|181,412|2,704,511|2,885,923|10,765|3,092,069||3,102,834|
|Total expenditure|181,412|2,704,511|2,885,923|10,765|3,092,069||3,102,834|
|Net income/|(11,643)|(96,539)|(108,182)|39,235|(448,|165)|(408,930)|
|(expenditure)||||||||
|Net Movement
in|(11,643)|(96,539)|(108,182)|39,235|(448,|165)|(408,930)|
|funds||||||||
|Funds balances at 1||||||||
|April 2020 (note 18)|346,575|1,103,660|1,450,235|307,340|1,551,825||1,859,165|
|Transfer of funds||||||||
|Funds balances at 31||||||||
|March 2021 (note 18)|334,932|1,007,121|1,342,053|346,575|1,103,660||1,450,235|
##
||||BALANCE|SHEET AS|AT|||
|---|---|---|---|---|---|---|---|
||||31 MARCH 2021|||||
||||Notes||2021|2020||
|Fixed assets||||||||
|Tangible assets|||||1,324,948||1,365,552|
|Current assets||||||||
|Stock|||12|13,657||7,931||
|Debtors|||13|388,094||430,745||
|Cash at bank and in|hand|||127,671||60,116||
|Total current assets||||529,422||498,792||
|Liabilities||||||||
|Creditors
—amounts
within
one year|falling|due|14|~462,317)||414,109)||
|Net current assets|||||67,105||84,683|
|Total assets less current||liabilities|||1,392,053||1,450,235|
|Creditors-
amounts|falling|due||||||
|after one year|||17||(50,000)|||
|Net assets|||||1,342,053||1,450,235|
|Income Funds:||||||||
|Unrestricted
funds|||18,19||1,007,121||1,103,660|
|Restricted
funds|||18,19||334,932||346,575|
|Total Charity funds|||||1,342,053||1,450,235|
##
||||Notes|2021||2020||
|---|---|---|---|---|---|---|---|
|||||E||E||
|Cash flows from|operating|||||||
|activities||||||||
|Net cash provided|by operating|||||||
|activities|||15||28,258||32,342|
|Cash flows from|investing|||||||
|activities||||||||
|Purchase of tangible
fixed||assets|11|(10,915)||(88,432)||
|Interest received||||212||659||
||||||(10,703)||(87,773)|
|Cash flows from financing||||||||
|activities||||50,000||||
|Net cash provided|by financing|||||||
|activities|||||50,000|||
|Increase/(decrease)
in cash and||||||||
|cash equivalents|in the year||||67,555||(55,431)|
|Cash and cash equivalents||at the||||||
|beginning
on the|year||||60,116||115,547|
|Total cash and cash equivalents||||||||
|at the end of the|year||||127,671||60,116|
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|Tangible|fixed assets an|fixed assets an|d depreciation|d depreciation|||
|---|---|---|---|---|---|---|
|Tangible|fixed assets are||recorded at cost, depreciated||on a straight|line basis and written|
|off over their estimated|||useful lives at the following rates:-||||
|Freehold|building|||2%|on cost||
|Fixtures,|fittings|and equipment||20%|on cost||
|Motor vehicles||||20%|on cost||
|Computer||||25%|on cost||
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|ncome from||charitable
ac|tivit|ies|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Residents'|fees||||2,625,092|2,623,339|
|Irrecoverable||expenditure|for|residents|(22,709)||
|Government||grants|||169,769||
||||||2,752,152|2,623,339|
##
|ther i|ncome|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Rent||3,400|4,080|
|Sundry|income|632|14,685|
|||4,032|18,765|
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|Expenditure|||||
|---|---|---|---|---|
|||2021|2021|Total|
|||Activities||2021|
|||undertaken|Support costs||
|Costs directly allocated to|||||
|charitable
activities|||||
|Staff costs||1,405,001||1,405,001|
|Legal
Et professional|/ payroll||50,895|50,895|
|Et bookkeeping
fees|||||
|Motor expenses||2,993||2,993|
|Repairs and renewals||89,652||89,652|
|Depreciation||51,519||51,519|
|Domestic expenses||353,643||353,643|
|Other related service|costs|851,242||851,242|
|Other expenses||80,978||80,978|
|||2,835,028|50,895|2,885,923|
|||2020|2020|Total|
|||Activities||2020|
|||undertaken|Support costs||
|Costs directly allocated to|||||
|charitable
activities|||||
|Staff costs||1,480,712||1,480,712|
|Legal 6 professional|/ payroll||57,146|57,146|
|Et bookkeeping
fees|||||
|Motor expenses||2,920||2,920|
|Repairs and renewals||82,419||82,419|
|Depreciation||70,292||70,292|
|Impairment
of fixed|assets|350,320||350,320|
|Domestic expenses||360,423||360,423|
|Other related service costs||569,145||569,145|
|Other expenses||129,457||129,457|
|||3,045,688|57,146|3, 102,834|
##
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|Net income|for the year|for the year|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|This is stated after charging:|||||E|E|
|Impairment|of tangible|fixed assets|(note 11)|||350,320|
|Audit fees|||||8,492|8,408|
|Depreciation|||||51,519|70,292|
|Other services provided||by auditor|(included|in legal and professional)|600||
|9|Analysis of staff costs, trustee remuneration|and the cost of key management
personnel|and the cost of key management
personnel|
|---|---|---|---|
|9.1|Staff costs|||
|||2021|2020|
|||E|E|
||Wages and salaries|1,271,647|1,352,137|
||Social security costs|101,096|107,928|
||Pension costs|32,258|20,647|
|||1,405,001|1,480,712|
|he emolu|m|ents
of higher
paid employees
fell with|in the following
ranges:||
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|E60,000|-|670,000|1|1|
##
##
||||||||||No.|No.|
|---|---|---|---|---|---|---|---|---|---|---|
|Average|weekly|number|of|employees|during|the|year|was|||
|Nursing|staff||||||||63|62|
|Administration|||||||||5|3|
||||||||||68|65|
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||||At 1|||At 31|
|---|---|---|---|---|---|---|
|Cost|||April 2020|Additions|Disposals|March 2021|
||||E|E|E|E|
|Freehold|building||1,300,000|||1,300,000|
|Fixtures,|fittings|and equipment|129,581|4,545||134,126|
|Motor vehicle|||19,274|||19,274|
|Computers|||7,241|6,370||13,611|
||||1,456,096|10,915||1,467,011|
|Depreciation|||At 1
April 2020|Charge for
year|Disposats|At 31 March
2021|
||||f.|E|E|E|
|Freehold|building|||26,000||26,000|
|Fixtures,|fittings|and equipment|70,987|23,062||94,049|
|Motor vehicle|||19,274|||19,274|
|Computers|||283|2,457||2,740|
||||90,544|51,519||142,063|
|Net book|value||At 1 April 2020
E|At 31 March
2021|
|---|---|---|---|---|
|||||E|
|Freehold|building||1,300,000|1,274,000|
|Fixtures,|fittings|and equipment|58,594|40,077|
|Motor vehicle|||||
|Computers|||6,958|10,871|
||||1,365,552|1,324,948|
##
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##
|12|Stock||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
||Food and consumable||supplies||||13,657|7,931|
|13|Debtors||||||||
||Due within
one year||||||2021|2020|
||||||||E|E|
||Residents'
Fees||||||280,711|344,036|
||Other debtors||||||9,655|32,357|
||Prepayments
and accrued income||||||97,728
388,094|54,352
430,745|
|14|Creditors||||||||
||Amounts
falling due||within
one|year:|||2021|2020|
||||||||E|E|
||Trade creditors||||||117,875|248,994|
||Taxation
and Social||Security||||46,258|23,325|
||Accruals
and Other||Creditors||||276,758|117,987|
||Deferred income||||||21,426|23,803|
||||||||462,317|414,109|
|15|Reconciliation
ofnet income|||to net cash|from operating|activities|||
||||||||2021|2020|
||||||||E|E|
||Net income/(expenditure)
for|||the year|||(108,182)|(408,930)|
||Depreciation
and amortisation|||of tangible|fixed assets||51,519|70,292|
||Impairment
of tangible assets|||||||350,320|
||Interest received||||||(212)|(659)|
||Decrease/(increase)||in stock||||(5,726)|881|
||Decrease/(increase)||in debtors||||42,651|(164,370)|
||(Decrease) /increase||in creditors||||48,208|184,808|
||Net cash provided|by operating||activities|||28,258|32,342|
##
##
|||2021|2020|
|---|---|---|---|
|||E|E|
|Balance|as at 1 April 2020|23,803||
|Release|of deferred
income|(23,803)||
|Income|deferred
in year|21,426|23,803|
|Balance|as at 31 March 2021|21,426|23,803|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Bank|loans|and|overdrafts|50,000||
|||||50,000||
##
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##
|8
Funds||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance|
||||Balance at|||Transfer|at 31|
||||1 April
2020|Incoming
Resources|Resources
Expensed|between
funds|March
2021|
||||E|E|E|f|E|
|Restricted
general||funds||||||
|New wing fund|||62,000||(2,000)||60,000|
|Generator
fund|||10,000||||10,000|
|Eric Fisher wing|fund||224,697||(8,643)||216,054|
|Lift fund|||49,878||(1,000)||48,878|
|Covid-19 support||grants||169,769|(169,769)|||
|Total restricted|funds||346,575|169,769|181,412)||334,932|
|Unrestricted
funds||||||||
|Unrestricted
funds|||1,103,660|2,607,972|(2,704,511)||1,007,121|
|Total unrestricted||funds|||||1,007,121|
|Total funds|||1,450,235|2,777,741|(2,885,923||1,342,053|
##
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||||Balance at|||Transfer|Balance at|
|---|---|---|---|---|---|---|---|
||||1 April
2019|Incoming
Resources|Resources
Expensed|between
funds|31 March
2020|
||||E|E|E|E|E|
|Restricted
general||funds||||||
|New wing fund
Generator
fund|||64,000
10,000||(2,000)||62,000
10,000|
|Eric Fisher wing|fund||233,340||(8,643)||224,697|
|Lift fund||||50,000|(122)||49,878|
|Total restricted|funds||307,340|50,000|10,765)||346,575|
|Unrestricted
funds||||||||
|Unrestricted
funds|||1,551,825|2,643,904|(3,092,069)||1,103,660|
|Total unrestricted||funds|1,551,825|2,643,904|(3,092,069)||1,103,660|
|Total funds|||1,859,165|2,693,904|(3,102,834)||1,450,235|
##
##
##
|||2021|2021||
|---|---|---|---|---|
|||Unrestricted|restricted||
|||funds|funds|2021 Total|
|||E|E|E|
|Tangible|fixed assets|1,000,016|324,932|1,324,948|
|Current|assets|519,422|10,000|529,422|
|Current
liabilities
Non-current
liabilities||(462,317)
50,000||(462,317)
~50,000)|
|Total net assets||1,007,121|334,932|1,342,053|
|||2020|2020||
|||Unrestricted|restricted||
|||funds|funds|2020 Total|
|||E|E|E|
|Tangible|fixed assets|1,028,977|336,575|1,365,552|
|Current|assets|488,792|10,000|498,792|
|Current|liabilities|(414,109)||(414,109)|
|Non-current
liabilities|||||
|Total net assets||1,103,660|346,575|1,450,235|
##
|||2021|2020|
|---|---|---|---|
|||E|E|
|In|one year or less|3,286|3,286|
|In|more than one year but not more than five years|2,411|5,264|
|||5,697|8,550|
##
|||||FOR|THE YEAR ENDED|3'I MARCH 202|I|||
|---|---|---|---|---|---|---|---|---|---|
||||||2021|||2020||
||||||E|E||||
|Income||||||||||
|Residents' fees||||||2,625,092|||2,623,339|
|Irrecoverable
expenditure||for|residents|||(22,709)||||
|||||||2,602,383|||2,623,339|
|Grant income||||||169,769||||
|Bank interest||||||212|||659|
|Rent receivable||||||3,400|||4,080|
|Donations||||||1,345|||51,141|
|Sundry income||||||632|||14,685|
|||||||2,777,741|||2,693,904|
|Expenditure||||||||||
|Salaries, wages and national|||insurance||1,372,743||1,460,065|||
|Pension related costs|||||32,258||20,647|||
|Agency staffing costs|||||851,242||569,145|||
|Domestic expenses||||||||||
|Fuel, gas and electricity|||||85,480||95,113|||
|Household
and laundry|||||173,427||162,874|||
|Water rates|||||20,355||17,657|||
|Insurance|||||30,119||27,847|||
|Medical expenses|||||37,542||48,972|||
|Chiropody|||||6,720||7,960|||
|Repairs and modernisation|||||89,652||82,419|||
|Administration
expenses||||||||||
|Postage and stationery|||||3,554||2,413|||
|Recruitment
expenses|||||800||9,038|||
|Telephone
and fax|||||3,367||1,791|||
|Bank charges and interest|||||423||802|||
|Subscriptions|||||14,203||8,399|||
|ITexpenses|||||23,445||12&894|||
|Staff training
courses|||||1,880||10,298|||
|Miscellaneous
expenses||||||||||
|Depreciation|||||51,519||70,292|||
|Bad debt write off|||||||63,829|||
|Motor expenses|||||2,993||2,920|||
|Audit/accountancy|fees||||8,492||12,383|||
|Legal
Et professional/payroll|||8 bookkeeping|fees|42,403||44,763|||
|Sundry expenses|||||15,129||8,402|||
|Entertainment|||||428||2,980|||
|Staff uniforms|||||6,413||3,361|||
|Bank interest
paid|||||||80|||
|Travel expenses|||||11&336||4,170|||
|Charitable
donations|||||||1,000|||
|Impairment|||||||350,320|||
|Total expenditure||||||(2,885,923)|||(3,102,834)|
|Deficit for the year||||||(108,182)|||(408,930)|