| ontents | |
|---|---|
| Pages | |
| Trust Information | 3 |
| Trustees'Report | 4-9 |
| Auditor's Report | 10-12 |
| Statement of Financial Activities 13 | |
| Balance Sheet | 14 |
| Cash Flow | 15 |
| Notes to theAccounts | 16 - 25 |
| Trustees | Mrs Sheila Aldous | Chairperson - Retired 17.01.22 |
|---|---|---|
| Mrs Karen Fairweather | Chairperson - w.e.f. 17.01.22 | |
| Mrs Melanie Armstrong | Secretary | |
| Mr Paul Gooderham | Treasurer | |
| Mr Andrew Wright | ||
| Mrs Christine Jaye | ||
| Mr Terry Mann | ||
| Mrs Janet Gunner | ||
| Registered | 1051043 | |
| Charity | ||
| Number | ||
| Address | 59a Henley Road | |
| Ipswich | ||
| Suffolk | ||
| IP1 3SN | ||
| Auditor | Scrutton Bland LLP | |
| Fitzroy House | ||
| Crown Street | ||
| Ipswich | ||
| Suffolk | ||
| IP13LG | ||
| Bankers | Barclays Bank PLC | |
| Princes Street | ||
| Ipswich | ||
| Suffolk | ||
| IP1 1PB |
| Mrs Sheila Aldous | Chairperson - Retired 17.01.22 |
|---|---|
| Mrs Karen Fairweather | Chairperson - w.e.f.17.01.22 |
| Mrs Melanie Armstrong | Secretary |
| Mr Paul Gooderham | Treasurer |
| Mr AndrewWright | |
| Mrs Christine Jaye | |
| MrTerry Mann | |
| Mrs Janet Gunner |
| Recommended categories | Details of | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| by activity | own analysis | funds | income funds | 2021 | 2020 | |
| Income from: | ||||||
| Notes | £ | £ | £ | £ | ||
| Donations | Donations, legacies etc. | 3.1 | 22,012 | 22,012 | 18,579 | |
| Investments | Interest received | 3.2 | 198 | 198 | 446 | |
| Charitable activities | Care Fees, Dining room income, |
3.3 | 1,093,173 | 1,093,173 | 1,068,647 | |
| Other | 3.1 | 27,655 | 79,215 | 106,870 | 70,719 | |
| Total incoming resources | 1,143,038 | 79,215 | 1,222,253 | 1,158,391 | ||
| £ | £ | £ | £ | |||
| Expenditure on Charitable Activities |
In furtherance of the charity's objectives |
3.4 | 1,165,952 | 55,496 | 1,221,448 | 1,172,908 |
| £ | £ | £ | £ | |||
| Net incoming/(outgoing) resources | (22,914) | 23,719 | 805 | (14,517) | ||
| Transfers between funds | 26,339 | (26,339) | - | - | ||
| Total funds brought forward | 1,434,533 | 2,620 | 1,437,153 | 1,451,670 | ||
| Total funds carried forward | 1,437,958 | 1,437,958 | 1,437,153 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | income funds | 2021 | 2020 | ||
| Fixed Assets | |||||
| Notes | £ | £ | £ | £ | |
| Buildings | 5.3 | 1,063,561 | - | 1,063,561 | 1,087,563 |
| Moveable Items | 5.3 | 26,074 | - | 26,074 | 33,888 |
| Total fixed assets | 1,089,635 | - | 1,089,635 | 1,121,451 | |
| Current assets | |||||
| £ | £ | £ | £ | ||
| Stock | 9 | 620 | 620 | 620 | |
| Debtors | 7 | 13,088 | • | 13,088 | 24,936 |
| Short term investments | 6 | 62,286 | 62,286 | 62,089 | |
| Cash at bank andinhand | 6 | 371,785 | 371,785 | 311,028 | |
| Total current assets | 447,779 | - | 447,779 | 398,673 | |
| £ | £ | £ | £ | ||
| Creditors: amounts falling due within oneyear 8 | 99,456 | 99,456 | 82,971 | ||
| Net current assets | 348,323 | 348,323 | 315,702 | ||
| Total assets less currentliabilities | 1,437,958 | - | 1,437,958 | 1,437,153 | |
| Net assets | 1,437,958 | 1,437,958 | 1,437,153 | ||
| Funds of the Charity | |||||
| Unrestricted funds - Designated | 10.1 | 101,458 | 101,458 | 79,458 | |
| Unrestricted funds - General | 10.1 | 1,336,500 | 1,336,500 | 1,355,075 | |
| Restricted funds | 10.1 | - | 2,620 | ||
| Total funds | 1,437,958 | 1,437,958 | 1,437,153 | ||
| Signed on behalf of all the trustees | |||||
| Signature | Print Name | Date of Approval | |||
| v > 7) | Mrs Melanie Armstrong | (22 | |||
| P.C,eeJ«W_ | Mr Paul Gooderham | **CLTS/'o^ ** | 1 2SL. |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Profit/ (loss) for the financial year | 805 | (14,517) |
| Adjustments for: | ||
| Depreciation | 36,116 | 37,060 |
| Movement in debtors | 11,848 | (17,249) |
| Movementin creditors | 16,485 | 5,374 |
| Interest receivable | (198) | (446) |
| Net cash generated from operations | 65,056 | 10,222 |
| Cash flows from investing activities | ||
| Purchase of tangiblefixed assets | (4,300) | (37,148) |
| Movement in cash investments | (197) | (60,448) |
| Interestreceived | 198 | 446 |
| Net cash used in investing activities | (4,299) | (97,150) |
| Net increase/(decrease) in cash and cash equivalents | 60,757 | (86,928) |
| Cash and cash equivalents at the beginning of the year | 311,028 | 397,956 |
| Cash and cash equivalents at the end of the year | 371,785 | 311,028 |
| Incoming Resources | |
|---|---|
| Recognitionof incoming resources | These are included in the Statement of Financial Activities (SoFA) when: |
| • it is probable that they will receive the resources; and | |
| • the monetary value can be measured with sufficient reliability- | |
| Incoming resources with related | Where incoming resources have related expenditure (as with fundraising or contract |
| expenditure | income) the incoming resources and related expenditure are reported gross in the SoFA. |
| Grants and donations | Grants and donations are only included in the So FA when the charity has unconditional |
| entitlementto the resources and receipt is considered probable. | |
| Government grants | Government grants are recognised in the Statement of Financial Activities when the |
| charity has entitlement to the grant, it is probable that the grant will bereceived and the | |
| amount of the grant can be measured reliably. | |
| Tax reclaims on donations and gifts | Incoming resources from tax reclaims are included in the SoFA at thesame time as the |
| gift to which they relate. | |
| Contractual income and | This is only included in the SoFA once the related goods or services havebeen delivered. |
| performance related grants | |
| Gifts in kind | Gifts in kind are accounted for at a reasonable estimate of their value to the charity or |
| the amount actually realised. | |
| Gifts in kind for sale or distribution are includedin the accounts as gifts onlywhen sold | |
| or distributed by the charity. | |
| Gifts in kind for use by the charity are included in the SoFA as incoming resources when | |
| receivable. | |
| Legacies | All incoming resources are included in the SoFA when the charity is legally entitled to the |
| income and the amount can be quantified with reasonable accuracy and receipt is | |
| assessedto be probable. For legacies, entitlement Is the earlier of the charitybeing | |
| notified of an impending distribution or the legacy being received. | |
| Donated services and facilities | These are only included in incoming resources (with an equivalent amount in resources |
| expended) where the benefit to the charity is reasonably quantifiable, measurable and | |
| material The value placed on these resources is the estimated valueto thecharityof the | |
| service or facility received. | |
| Volunteer help | The value of any voluntary help received is not included in the accounts but is described in |
| the trustees annual report | |
| Investment income | |
| Investment gains and losses | This includes any gain or toss on the saleof investments and any gain or loss resulting |
| from revaluing investments to market value at the end of thenar. | |
| Fund accounting | General funds are unrestricted funds which are available for useat the discretion of the |
| trustees in furtherance of the general objectives of the charityand which have not been | |
| designated for other purposes. | |
| Designated funds comprise unrestricted funds that have been set aside by the trustees | |
| for particular purposes. The aim and use of each designated fund is set out in note 10 to | |
| the financial statements. Restricted funds are funds which are to be used in accordance | |
| with specific restrictions imposed by donors or which have been raised by the charity for | |
| particular purposes The cost of raising and administering such funds are charged | |
| against the specific fund. The aim and use of each restricted fund is set out in note 10 to | |
| the financial statements. |
| Expenditure and Liabilities | Expenditure and Liabilities |
|---|---|
| Resources expended | All expenditure is accouted for on an accruals basis and has been classified |
| under headings that aggregate all costs related to the category. Where costs | |
| cannot be directly attributed to particular headings they have been allocated to | |
| activites on a basis consistent with useof the resources. | |
| Liability recognition | Liabilities are recognised when there is a legal or constructive obligation |
| committing the charity to payout resources and payment is probable. | |
| Pension plan | The charity operates a defined contribution plan for the benefit of its employees. |
| Contributions are expensed as they become payable. | |
| Governance costs | Include costs of the preparation and examinationof statutory accounts, the costs |
| of trustee meetings and cost of any legal adviceto trustees on governance or | |
| constitutional matters. | |
| Assets | |
| Tangiblefixed assets for use by | These are capitalised if they can be used for more than one year, and cost at |
| Charity | least £500 They are valued at cost or a reasonable value on receipt. |
| Investments | Shortterm investments are those funds held in deposit accounts or equivalent |
| Fixed Asset investments: Investments quoted on a recognised stock exchange | |
| are valued at market value at the year end. Other investment assets are | |
| included at trustees'best estimateof market value. | |
| Stocks and work in progress | These are valued at the lower of cost or net realisable value |
| Depreciation policy | Depreciation is charged on a straight line basis at the following rates: |
| Freehold Property 1% Property Improvements 10%&20% |
|
| Furniture and Fittings 10% Equipment 20% |
|
| Otheraccounting policies : | |
| Operating leases | Rentals in respect of operating leases, where substantially all the benefits and |
| risks of ownership remain with the lessor, are charged to the Statement of | |
| Financial Activities as incurred. | |
| Taxation | The charity is exempt from taxon income and gains to the extent that such |
| income and gains are applied to its Charitable objectives. No corporation tax | |
| charge arises for the year. | |
| Judgements in applying accounting | In preparing these accounts the trustees have had to make the following |
| policies and key sources of | judgements: Valuation of property. The freehold property is valued at historical |
| estimation uncertainly | cost rather than valuation. This is on the basis that it is held for long term use as |
| part of the business |
| Unrestricted | Restricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| funds | income funds | Z0Z1 | 20Z0 | ||
| £ | £ | ||||
| 3.1 OtherIncome | Donations | 12 | - | 12 | 275 |
| Legacies | 22,000 | 22,000 | 18,304 | ||
| Amenity fund | 3.0S2 | 3,052 | 4,445 | ||
| Government grants | 24.603 | 79,215 | 103.818 | 66,274 | |
| Total | 49,667 | 79,215 | 128,882 | 89,298 | |
| Government grants represent amounts received during the year from Local | Authorities inorder tosupport the charity | during the Covid-19 pandemic | |||
| 3.2 Investment income | Deposit Account | 198 | - | 198 | 446 |
| Total | 198 | - | 198 | 446 | |
| 33 Incoming resources fromdiaritabie | Residential care fees | 1,092,521 | - | 1,092,521 | 1.067.526 |
| activities | |||||
| Dining room income | 652 | 652 | 1,121 | ||
| Total | 1,093,173 | - | 1,093,173 | 1368,647 | |
| 3.4 Expenditure on Charitable activities staff wages 8. payroll overheads | 821,404 | 55,496 | 876,900 | 839,420 | |
| Food | 39,517 | - | 39,517 | 40.026 | |
| Energy, water, council tax | 30,644 | 30,644 | 30,103 | ||
| General supplies | 27,517 | 27,517 | 38.457 | ||
| Garden | 18,920 | 18,920 | 1.823 | ||
| Equipment | 13,145 | 13,145 | 11,919 | ||
| Facility maintenance | 68,288 | 68,288 | 68,636 | ||
| Insurance | 5,722 | 5,722 | 4,269 | ||
| Office, fees etc | 26,776 | 26,776 | 27,675 | ||
| Employers national insurance | 48,579 | 48,579 | 46383 | ||
| Employers pension costs | 14,274 | - | 14,274 | 12,622 | |
| Training | 3372 | 3,872 | 7,660 | ||
| Depreciation | 36.116 | 36,116 | 37,060 | ||
| Audit Fee | 7,500 | 7,500 | 7,000 | ||
| Amenity expenditure | 3,678 | 3,678 - | 145 | ||
| Total | 1,165,952 | 55,496 | 1,221,446 | 1,172308 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Gross salaries and agency costs 876,900 |
839,420 | |
| Employer's National Insurance costs 48,579 |
46,383 | |
| 4.1 Staff Costs | ||
| Employer's Pension costs 14,274 |
12,622 | |
| Total 939,753 |
898,425 | |
| **2021 ** | 2020 | |
| number number |
||
| Charitable Activities 54 |
54 | |
| 4.2 Average number of employees inthe year |
Governance 1 |
1 |
| Total 55 |
55 | |
| 4.3 Trustees Remuneration and | No emoluments are payable to the trustees (2020 None) | |
| Trustees Expenses | No expenses were reimbursed to the trustees (2020 None) | |
| 4.4 High Paid Staff | No staff member is paid in excess of £60,000 per annum (2020 | None) |
| 4.5 Related party transactions | There were no related party transactions in the year ended 31 December 2021 (2020 None) |
|
| The key management personnel of the Charity comprises the trustees and senior | ||
| 4.6 Key management personnel | management. The total amount of employee benefits (including employer pension contributions) received by key personnel for qualifying services to the Charity was |
|
| £115,240 (2020-£93,133) |
| Building | Building | Building | Fixtures, | ||||
|---|---|---|---|---|---|---|---|
| extension development | development | Improvement | fittings & | Total | |||
| 1983 | 1991 | 2009 | Equipment | ||||
| £ | £ | £ | £ | £ | £ | ||
| Balance brought forward | 16,145 | 68,968 | 334,277 | 836,652 | 194,380 | 203,547 | 1,653,969 |
| Additions | - | - | - | - | 4,300 | 4,300 | |
| Balance carried forward | 16,145 | 68,968 | 334,277 | 836,652 | 194,380 | 207,847 | 1,658,269 |
| 5.2 Accumulated depreciation | and impairment provisions | ||||||
| Basis | Straight Line |
Straight Line |
Straight Line |
Straight Line |
Straight Line |
Straight Line |
Total |
| Rate | 1% | 1% | 1% | 1% | 10% | 10% & 20% | |
| Balance brought forward | 8,653 | 25,523 | 96,450 | 92,036 | 140,197 | 169,659 | 532,518 |
| Depreciation charge for year | 161 | 691 | 3,350 | 8,368 | 11,432 | 12,114 | 36,116 |
| Balance carried forward | 8,814 | 26,214 | 99,800 | 100,404 | 151,629 | 181,773 | 568,634 |
| S.3 Net book value | |||||||
| Brought forward | 7,492 | 43,445 | 237,827 | 744,616 | 54,183 | 33,888 | 1,121,451 |
| Carried forward | 7,331 | 42,754 | 234,477 | 736,248 | 42,751 | 26,074 | 1,089,635 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash at bank | ||
| Current accounts | 371,319 | 310,802 |
| Pettycash account | 466 | 226 |
| 371,785 | 311,028 | |
| Short term investments | ||
| Deposit account | 60,643 | 60,446 |
| Investment Account | 1,643 | 1,643 |
| 62,286 | 62,089 | |
| Total | 434,071 | 373,117 |
| Note 7 - Debtors and Prepayments | ||
| Analysis of debtors | Amounts falling due | within one year |
| 2021 | 2020 | |
| £ | £ | |
| Resident fees outstanding | 7,480 | 18,323 |
| Fees & insurances prepaid | 1,302 | 1,036 |
| Service contracts prepaid | 4,306 | 5,071 |
| Pensions | - | 506 |
| Total | 13,088 | 24,936 |
| Note 8 - Creditors |
| Note 8 - Creditors | ||
|---|---|---|
| Amounts fallingdue | within one year | |
| 2021 | 2020 | |
| £ | £ | |
| Trade creditors | 6,986 | 6,303 |
| Staffcosts | 35,459 | 47,966 |
| Residents fees paid in advance | 25,978 | 8,529 |
| PAYE/NIC/Pension | 23,533 | 12,881 |
| Audit fee | 7,500 | 7,292 |
| Total | 99,456 | 82,971 |
| Amountsfalling due | Amountsfalling due | Amountsfalling due | |||||||
|---|---|---|---|---|---|---|---|---|---|
| within one | year | ||||||||
| 2021 | 2020 | ||||||||
| £ | £ | ||||||||
| Food stock | 620 | 620 | |||||||
| Total | 620 | 620 | |||||||
| Note 10 - Statement of Funds | |||||||||
| 10.1 Movement of Funds | |||||||||
| Fund balances at 1 January 2021 |
Incoming resources |
Outgoing resources |
Transfers | Gains and losses |
Fund balances at 31 December 2021 |
||||
| ££ | £ | £ | £ | £ | |||||
| Unrestricted Funds | |||||||||
| General Funds | |||||||||
| General fund | 1,355,075 | 1.121,038 | 1,165,952 | 26,339 | - | 1,336,500 | |||
| Designated Funds | |||||||||
| Maintenance fund | 42,005 | - | - | - | - | 42,005 | |||
| Benevolent fund | 37,453 | - | - | - | 37,453 | ||||
| Legacy fund | - | 22,000 | - | 22,000 | |||||
| TotalDesignated Funds | 79,458 | 22,000 | - | - | - | 101,458 | |||
| Total Unrestricted Funds | 1,434,533 | 1,143,038 | 1,165,952 | 26,339 | - | 1,437,958 | |||
| Restricted Funds | |||||||||
| Infection Control Fund | 318 | 39,377 | 39,695 | - | |||||
| PPEFund | 2,302 | 2,302 | |||||||
| Rapid Test Fund | 39,838 | 13,499 | (26,339) | ||||||
| Total Restricted Funds | 2,620 | 79,215 | 55,496 | (26,339) | . | - | |||
| Total of Funds | 1,437,153 | 1,222,253 | 1,221,448 | 1,437,958 |
| 10.1 Movement of Funds | |||||||
|---|---|---|---|---|---|---|---|
| Comparative table for 2020 | Fund balances at 1 January 2020 |
Incoming resources |
Outgoing resources |
Transfers | Gains and losses |
Fund balances at 31 December 2020 |
|
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Funds | |||||||
| General Funds | |||||||
| General fund | 1,372,212 | 1,112,099 | 1,129,236 | _ | 1,355,075 | ||
| Designated Funds | |||||||
| Maintenance fund | 42,005 | - | - | 42,005 | |||
| Benevolentfund | 37,453 | - | - | - | 37,453 | ||
| Total Designated Funds | 79,458 | - | - | 79,458 | |||
| Total Unrestricted Funds | 1,451,670 | 1,112,099 | 1,129,236 | - | - | 1,434,533 | |
| Restricted Funds | |||||||
| Infection Control Fund | 35,302 | 34,984 | 318 | ||||
| PPE Fund | - | 10,990 | 8,688 | - | 2,302 | ||
| Total Restricted Funds | - | 46,292 | 43,672 | - | 2,620 | ||
| Total of Funds | 1,451,670 | 1,158,391 | 1,172,908 | - | - | 1,437,153 | |
| 10.2 Analysis of Net Assets Between Funds | |||||||
| Tangible Fixed | Net Current | Creditors >1 | |||||
| Assets | Assets | year | |||||
| £ | £ | £ | £ | ||||
| Unrestricted Funds | |||||||
| General Fund | 1,089,635 | 246,865 | 1,336,500 | ||||
| Maintenance Fund | 42,005 | 42,005 | |||||
| Benevolent Fund | 37,453 | 37,453 | |||||
| Legacy Fund | 22,000 | 22,000 | |||||
| 1,089,635 | 348,323 | 1,437,958 | |||||
| - | |||||||
| Restricted Funds | |||||||
| Total Funds | 1,089,635 | 348,323 | - | 1,437,958 | |||
| Comparative Table for 2020 | |||||||
| Tangible Fixed | Net Current | Creditors > 1 | Total | Funds | |||
| Assets | Assets | year | |||||
| £ | £ | £ | £ | ||||
| Unrestricted Funds | |||||||
| General Fund | 1.121,451 | 233,624 | 1,355,075 | ||||
| Maintenance Fund | 42,005 | 42,005 | |||||
| BenevolentFund | - | 37,453 | 37,453 | ||||
| 1,121,451 | 313,082 | - | 1,434,533 | ||||
| Restricted Funds | • | 2,620 | - | 2,620 | |||
| Total Funds | 1,121,451 | 315,702 | - | 1,437,153 |
| 2021 | 2020 | |
|---|---|---|
| Within lyear | £12,485 | £11,477 |
| Within 2-5 years | £49,939 | £28,849 |
| Over 5 years | £35,374 | £2,964 |
| £97,798 | £43,290 |