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|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|
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|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||
##
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|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||
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|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|
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|||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**|
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|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|||This is included in the accounts when receivable.|
|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)||
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|||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|
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||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||||
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||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|
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