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|Contents|Contents|||Page no.|
|---|---|---|---|---|
|Cl|Reference and Administrative||details||
|0|Objects and Values||||
|Ct|Structure, Governance|and Management|||
||- Induction ofTrustees||||
||- Consultation
with Service Users||||
||- Employee
Consultation||||
|Cl|Impact Report||||
||- Public Benefit||||
|Cf|Strategic Report||||
||-Achievements
in 2020-21||||
||—Business Aims for 2021-22||||
||- Financial
Review||||
||- Risk Management||||
||- Review of Reserves||||
||—Remuneration||||
|Cf|Investment
Policy|||18|
||Trustees'
Responsibilities|||21|
|Cf|Independent
Auditor's|Report||23|
|Ct|Statement
of Financial Activities|||29|
|Cf|Balance Sheet|||30|
|Ct|Statement
of Cash Flows|||31|
|Cf|Notes forming
part ofthe financial statements|||32 - 43|
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||||||Restricted|Unrestricted|Totalpunds|Totalpunds|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2021|2020|
|Statement
ofFinancial Activities|||Note||E|E||E|
|Income and endowments|||||||||
|Investment
income||||||42,759|42,759|64,929|
|Charitable
activities|||||||||
|Care &Support|||3||59,377|5,021,486|5,080,863|4,540,191|
|Housing
&Rental|||3|||46,623|||
|Total income|||||||||
|Expenditure|||||||||
|Costofraising funds|||||||||
|Investment
manager||fees|||||||
|||||)||31,890|31,890|31,518|
|Charitable
activities|||||||||
|Care &Support|||||36,084|4,722,072|4,758,156|4,438,992|
|Housing
&Rental|||||||||
|Total expenditure|||4||36084|5047382|5,083,466|4 853981|
|Net operating expenditure|||||23,293|63,485|86,778|(200,943)|
|Net gains/(losses)
on|investmentassets||||||||
|Net income /(expenditure)|||||23,293|1,079,551|1,102,844|(545,801)|
|Other recognised
gains and losses|||||||||
|Gains on revaluation|of|fixed assets|10|||370526|370,526||
||||||23,293|1,450,077|1,473,370|(545,801)|
|Reconciliation offunds|||||||||
|Funds brought forward|at 1April 2020|||||||~766111|
|Funds carried forward|at|31March 2021||||||6 746 616|
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|PLUS|Fo|r the||yea|r|e|nded 31s|tMarch 2021|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||6|E|
|Cash flow/(outflow)
from|operating||activities||||||||
|Net cash(used
in)/ provided|by operating|||activities|||||||
|Cash flows from investing|activities||||||||||
|Investment
income and interest||received|||||||42,759|64,929|
|Proceeds
from disposal offixed||asset||investments|||||2,074,517|670,334|
|Acquisition
offixed asset|investmsnts||||||||(1,878,439)|(710,796)|
|Payments
to acquire tangible
fixed assets|||||||||(21,578)|(119,332)|
|Payments
to acquire
intangible||fixed||assets|||||||
|Net cash flows from investing
actidties|||||||||||
|Net decrease
in cash and|cash|equivalents|||||||180,335|(297,181)|
|Cash and cash equihelents|at beginning|||ofyear|||||||
|Cash and cash equivalents|at end ofyear||||||||||
|Reconciliation
ofnet incomel (expenditure)||||||to|net cash flow from operating||activities||
||||||||||2021|2020|
||||||||||E|E|
|Net incomel(expenditure)|including|||endowments|||||1,102,844|(545,801)|
|Adjustments
for:|||||||||||
|Net losses/(gains)
on investments|||||||||(1,016,066)|344,858|
|Amortisation
charge|||||||||616|951|
|Depreciation
charge|||||||||74,277|66,850|
|Investment
income|||||||||(42,759)|(64,929)|
|(Increase)/decrease
in debtors|||||||||(238,171)|50,112|
|(Decrease)/Increase
in creditors|||||||||82,334|(54,357)|
|Net cash (used in)l provided
by||operating|||activities||||||
|Net debt|||||||||||
||||||||01-Apr|Cash flows|Other|31-Mar|
|Cash at bank and in hand|||||||918,667||||
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||the be|st estimate
of fair value at the balance|sheet date.||
|---|---|---|---|---|
|2|Investment|Income|2021|2020|
||||B|E|
||Bank interest||143|4,139|
||Investment|income|42,615|60,790|
||||42,759|64,929|
||Income from Charitable||||
|3|Activities|||2021|
##
||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||6|8|6|
|London|Borough of|Lewisham||3,746,049|3,746,049|
|London|Borough of|Southwark||867,485|867,485|
|London|Borough of|Croydon||38,637|38,637|
|London|Borough of|Sutton||110,820|110,820|
|Lewisham
Supporting
People||||||
|Team||||||
|Direct Charges Outreach||||||
|Other income||||17,898|17,898|
|Direct Charges leisure||||||
|Tenant|charges|||46,623|46,623|
|Housing|Assocation|charges||906|906|
|NHS Lambeth||||154,312|154,312|
|Other grants||||40,608|40,608|
|COVID|FUND||59,377|44,772|104,149|
||||59.577||5.» . 55|
||||||2020|
||||Restricted|Unrestricted|Total|
||||6|6|6|
|London|Borough of|Lewisham||3,267,925|3,267,925|
|London|Borough of|Southwark||1,019,046|1,019,046|
|London|Borough of|Croydon||39,170|39,170|
|London|Borough of|Sutton||142,124|142,124|
|Lewisham
Supporting
people||||559|559|
|Team||||||
|Direct Charges Outreach||||44,036|44,036|
|Other income||||9,503|9,503|
|Direct Charges leisure||||16,922|16,922|
|Tenant|charges|||47,918|47,918|
|Housing|Assocation|charges||906|906|
|||||4,588,109|4,588,109|
##
|Total Expenditure||||||
|---|---|---|---|---|---|
||Care &|Housing|||2021|
||Support|&Rental|Governance|Central costs|Total|
||E|||E|E|
|Staffsalaries|3,695,046|||228,805|3,923,852|
|Covi d sa Ia ry costs|36,084||||36,084|
|Agencystaff|402,674||||402,674|
|CSV, trave
I a nd sundry
expe nd itu re|580|||332|912|
|Food and provisions|62,936|||4,740|67,676|
|Propertyexpenditure|35,127|158,181||91,478|284,786|
|Housing
Assoc charges||60,571|||60,571|
|Day services
&Art Therapy|169||||169|
|Legal and professional|13,502|||32,686|46,188|
|Audit and consultancy|||11,700|193|11,893|
|Support costs|61,870|35,523||119,378|216,771|
|Tote I direct costs
4,307,988
eu,||254,276
,|11,700
~ll 7D0|477,613|5,051,577|
|4|Total Expenditure|||||||
|---|---|---|---|---|---|---|---|
||||Care &|Housing|||2020|
||||Support|&Rental|Governance|Central costs|Total|
||||E||E|E|E|
||Staff salaries||3,259,931|||175,510|3,435,441|
||Agencystaff||551,255|||15,276|566,531|
||CSV, trave
I a nd sundry|expe|3,324|||1,143|4,467|
||Food and provisions||58,112|||3,884|61,996|
||propertyexpenditure||29,547|269,430||69,686|368,663|
||Housing
Assoc charges|||60,070|||60,070|
||Dayservices
&Art Therapy||21,986||||21,986|
||Legal and professional||21,108|||72,477|93,585|
||Audit
and
consultancy||||10,800||10,800|
||Support costs||93,097|36,852||68,975|198,924|
||Total direct costs||4,038,360|366,352|10,800|406,951|4,822,463|
||Eu|||||||
||Total resources expended:||4438,992|~383471||||
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|5|Net Incoming
Resour|ces for the|Year||||
|---|---|---|---|---|---|---|
||||||2021|2020f|
||This is stated afier charging/(crediting):||||||
||Auditors'
remuneration||||11,700|10,800|
||Auditors'
remuneration|- prior year|(over)/under|provision||4,514|
||Auditors'
remuneration|-accounting|senices|||2,568|
||Amortisation||||616|951|
||Depreciation||||74,277|66,850|
||Operating
lease rentals|- property|||78,750|78,750|
||Operating
lease rentals|- other|||2,495|3,833|
|6|Staff Salaries and Numbers||||2021|2020|
||||||f|f|
||Staif emoluments
during|the year:|||||
||Salaries and wages||||3,529,153|3,117,647|
||Pension costs||||76,242|66,368|
||Total emoluments||||3,605,395|3,184,015|
||Social security costs||||304,048|251,427|
||Total stair costs||||3,999,414|3,435,442|
|Average weekly|number ofemployees|during the year:|||
|---|---|---|---|---|
|Operational
Senices|||97|93|
|Central Senices|||18|21|
|Bank stafi|||66|61|
||||191|115|
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||||||Computer|Computer|
|---|---|---|---|---|---|---|
||||||Software|Software|
||||||2021|2020|
|Cost|||||6|6|
|At 1st April|2020||||12,841|12,840|
|Accumulated
Amortisation|||||||
|At 1st April|2020||||12,155|11,204|
|Charge for|the year||||616|951|
|At 31st March 2021|||||12,771|12,155|
|Net Book|Value||||||
|At 31st March 2021|||||76|686|
|At 31st March 2020|||||686|1,668|
|Tangible|Fixed Assets||||||
|||Freehold|Furniture||||
|||Land and|and|Motor|Computer||
|CostIMarket Value||Buildingsf|Equipment
6|Vehicle|Equipment
5|Total
E|
|At 1st April|2020|1,394,474|400,414|36,994|21,731|1,853,613|
|Additions|||21,578|||21,578|
|Disposal|||(14,060)|||(14,060)|
|Reeluation||370,526||||370,526|
|At 31st March 2021||1,765,000|407,932|36,994|21,731|2,231,657|
|Accumulated
Depreciation|||||||
|At 1st April|2020||259,282|8,551|19,146|286,979|
|Charge for|the year||62,444|9,249|2,585|74,277|
|Eliminated|on disposal||(14,060)|||(14,060)|
|At 31st March 2021|||307,666|17,799|21,731|347,197|
|Net Book|Value||||||
|At 31st March 2021||1,765,000|100,266|19,195|767|1,884,466|
|At 31st March 2020||1,394,474|141,132|28,443|2,584|1,566,634|
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||||||||
|---|---|---|---|---|---|---|
|Fixed Asset Investments|||||2021|2020|
||||||8|6|
|UK Quoted investments|||||||
|Market
value at 1st April|||||3,472,670|3,777,066|
|Purchases|||||1,878,439|710,796|
|Proceeds
on disposals|||||(2,074,517)|(670,334)|
|Net realised
investment
gain|/|(loss)|||238,170|(69,313)|
|Net unrealised
investment
gain||/ (loss)|||712,078|(275,545)|
|Market value at 31st March|||||4,226,839|3,472,670|
|Properties|||||||
|Market
value at 1st April 2020|||||||
|Unrealised
gain|||||1,059,181|500,000|
||||||65,819|559,181|
||||||1,125,000|1,059,181|
|Total Investments
at 31 March|||||5,351,839|4,531,851|
|Geographical
Analysis|||||||
|United
Kingdom
investments|||||3,300,716|2,492,622|
|Overseas
Investments|||||3,176,125|2,039,229|
||||||6,476,671||
|Investment
Assets comprising||over 57% ofthe|portfolio:||||
||||||2021|2020|
|Vanguard
S+P 500 ETF-GBP-Dis|||||308,394|237,613|
|iShares FTSE100Index Fund|ETF GBP|||||228,720|
|JO Hambro
UK Equity Income||Accumulation|Units|I||231,478|
|UBS ETF-MSCI EMU UCITS|ETF GBP||||||
|William
Blair US SM Gwt
J43BP-Drs|||||243,996||
|Trolan Income Fund -X-GBP-inc.|||||216,740||
|Robeco BP Global Premium|Equities||||251.180||
|Market value at 31st March||||||66,6|
|12|Debtors|||2021|2020|
|---|---|---|---|---|---|
|||||f|f|
||Trade debtors|||258,010|147,237|
||Prepayments|and accrued income||204,954|83,073|
||Other debtors|||1D,3DD|4 783|
|||||473,284|235,393|
|13|Creditors: Amounts||falling due|2021|2020|
||within one year|||E|F.|
||Trade creditors|||146,305|72,695|
||Taxation &social security|||89,679|69,081|
||Accruals
and|other|creditors|358 96|370,835|
|||||594,948|512,611|
##
|||||||Land and Buildings|Land and Buildings|Other Operating|Leases|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|||||||f|E|f|f|
|Operating|lease||which|expires;||||||
|Less than|1|year||||78,750|78,750|2,495|3,833|
|Between two and five||||years||315,000|315,000|9,989||
|Over five years||||||457,124|536,250|||
|||||||850,874|930,000|12,484|3,833|
|At the reporting|||data the charity||had outstanding
minimum||future|receipts from non-||
|cancellable||operating||lease, which fall||due as follows:||||
|||||||||2021|2020|
|||||||||E|E|
|Falling due:||||||||||
|Less than|1|year||||||9454|14,714|
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|||||||||||||Restricted|Restricted|Designated|Designated|General|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Funds||Funds|Funds||Tots I|
||||||||||||||f||8|8|||
|Intangible
fixed assets|||||||||||||||70|||70|
|Tangible
fixed|assets||||||||||||||1,884,460|||1,884,460|
|Investments|||||||||||||||2,029,600|3,322,238|5,351,838||
|Current assets|||||||||||||99,624|||1,472,642||1,572,266|
|Creditors||||||||||||||||(594,948)||(594,948)|
|Total Assets less||Current|||liabilities||||||||99,624||3,913,990|4,199,932|8,213,68tr||
|Fund balances|at|31st||March 2020 are||||represented||by:|||||||||
|||||||||||||Restricted||Designated||General|||
||||||||||||||Funds
8||Funds|Fundsf||Tots I
8|
|Intangible
fixed|assets||||||||||||||685|||685|
|Tangible fixed assets|||||||||||||||1,566,633||1,566,633||
|Investments|||||||||||||||1,800,446|2,731,404|4,531,850||
|Current assets|||||||||||||76,331|||1,077,429|1,153,760||
|Creditors||||||||||||||||(512,612)||(512,612)|
|Tots I Assets less||Current|||liabilities||||||||76,331||3,367,764|3,296,221|6,740,316||
|Restricted
Funds|||||||||||||||||||
|The restricted|funds||of the||company||comprise||the following||unexpended||balances||of donations
and grants|||held on|
|trust to be applied||for|specific purposes.|||||'|||||||||||
|||||||||||Balance||Movement
in||Resources:||Transfers||Balance|
|||||||||||01.04.20
8||Incoming
8|||Outgoing
8|f||31.03.21
8|
|a) Carers respite senice (Southwark|||||||8|Lewisham)||76,331||||||||76,331|
|||||||||||||59,377|||(36,084)|||23,293|
|b) Infection
Pmvention||||& Control||and|LFD Testing|||Fund|||||||||
|||||||||||76,331||59,377|||(36,084)|||99,624|
|||||||||||Balance||Movement
in||Resources:||Transfe
rs||Balanca|
|||||||||||01.04.19||Incoming||Outgoingf||8||31.03.20
8|
|a) Carers respite senice (Southwark|||||||&|Lewisham)||76,331||||||||76,331|
|||||||||||76,331||||||||76,331|
##
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|||||Balance|Movement|Movement|in resources|lnvesbnent||Balance|
|---|---|---|---|---|---|---|---|---|---|---|
|||||01.04.20
f|Incoming|6|Outgoing
8|Gains
6|Transfem
6|31.03.21
6|
||Designated
Funds||||||||||
|a)|Capital
fund|||1,434,047|||||(53,314)|1,380,733|
|b)|Reurluation
resene|-2069||1,192,452|||||436,345|1,628,797|
|c)|Property
management||fund 2038|77,107|||(9,847)||18,500|85,760|
|d)|Detnlopment
fund -|Property -2076||268,443|||(1,814)||165,734|432,363|
|e)|Detnlopment
fund -|Semess -2075||189,322||||||189,322|
|f)|Voids fund - 2070|||186,277||||||186,277|
|g)|Soaal fund
2071|||11,766|||(900)||(128)|10,738|
|h)|Rowntree
fund -2067|||8,350|||||(8,350)||
||Total Designated
Funds|||3,367,764|||(12,561)||558,787|3,913,990|
||General Funds|||3,296,221|5,110,867||(5,034,821)|1,386,592|(558,787)|4,200,072|
||Tots I Unrestricted|Funds||6,663,985|5,110,867||(5,047,382)|1,386,592||8,114,062|
|||||Balance|Movement||in resources|investment||Balance|
|||||01 04 19
6|Incoming|f|Outgoing
6|Gains
6|Transfs m
6|31.03.20f|
||Designated
Funds||||||||||
|a)|Capital
fund|||1,434,656|||||(609)|1,434,047|
|b)|Reurluation
resene|-2069||1,192,452||||||1,192,452|
|c)|Property
management||fund 2038|107,070|||(49,983)||20,000|77,107|
|d)|Deinlopment
fund -|Property -2076||105,295|||(36,852)||200,000|268,443|
|e)|Deinlopment
fund -|Senices -2075||182,102|||(3,780)||11,000|189,322|
|f)|Voids fund - 2070|||215,277|||(29,000)|||186,277|
|g)|Social fund
2071|||12,381|||(615)|||11,766|
|h)|Rowntree
fund -2067|||8,350||||||8,350|
||Total Designated
Funds|||3,257,583|||(120,210)||230,391|3,367,764|
||GeneralFunds|||3,952,203|4,653,038||(4,733,771)|(344,858)|(230,391)|3,296,221|
||Total Unrestricted|Funds||7,209,786|4,653,038||(4 853,981)|(344,858)||6,663,985|
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