2021-12-31-accounts - Cornwall Care Limited

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Reference and Administrative Details	Reference and Administrative Details
Directors' report (incorporating Trustees'			report and strategic report)	2to19
Statement of	Directors' Responsibilities			20
Independent	Auditors' Report			21 to 25
Consolidated	Statement of Financial	Activities		26 to 27
Consolidated	Balance Sheet			28
Balance Sheet
Consolidated	Statement ofCash Flows			30
Notes to the	Financial Statements			31 to 57

Directors				Ms H Bennett
				Mr J Day
				Mr D Law
				Mrs STaylor
				Mr P Stewart
				Ms T Sorensen OBE
				Mr I Harris
Principal	Office			Cornwall Care Health	8 Wellbeing		Innovation		Centre
				Treliske
				Truro
				Cornwall
				TR1 3FF
				The charity is incorporated		in England		and Wales.
Company	Registration		Number	03079623
Charity Registration		Number		1053486
Solicitors				Foot Antsey LLP
				High Water House
				Malpas Road
				Truro
				TR1 1QH
Bankers				Lloyds Bank Pic
				PO Box 128
				8 Royal Parade
				Plymouth
				PL1 1LX
				Triodos Bank NV
				Deanery Road
				Bristol
				BS1 5AS
Auditor				PKF Francis Clark
				Statutory Auditor
				Lowin House
				Tregolls Road
				Truro
				TR1 2NA

ounts. A sum	mar	y ofthe financial perform	ance is provided below:
			2021	2G20
			K'000	K'000	Nates
Income			40,383	39,375
StaffCosts			31,285	30,186
Resident Costs			1,308	1,245
Premises Costs			3,610	3,7M
Administration	Costs		2,370
EBITDA			1,810	3,628
Exceptional Items			2,675	294
Interest (induding		pension related)	419	39D
Depreo ation			1,193	991
Surplus before	revaluation		2,873	1,353
Net assets			20 030	16,480
Cash and cash	equivalents		2,281	985

ofTotal Reco	gnised	Gains and	Losses	)
				Unrestricted	Restricted	Total
				funds	funds	2021
			Note	E000	E000	6000
Income and Endowments		from:
Donations and legacies				50		50
Charitable activities				38,067		38,067
Investment income
Other income				2,266		2,266
Total income				40,383		40,383
Expenditure on:
Charitable activities				(40,184)		(40,184)
Total expenditure				(40,184)		(40,184)
Exceptional items				2,675		2,675
Net income				2,873		2,873
Other recognised	gains and losses
Gains/losses on revaluation		offixed assets		676		676
Net movement in funds				3,549		3,549
Reconciliation of	funds
Total funds brought	forward			16,264	216	16,480
Total funds carried	forward		21	19,814	216	20,030

				Unrestricted	Restricted	Total
				funds	funds	2020
			Note	E000	E000	6000
Income and Endowments		from:
Donations and legacies				65		65
Charitable activities				37,616		37,616
Investment income
Other income				1,694		1,694
Total income				39,375		39,375
Expenditure on:
Charitable activities				(37,726)	(2)	(37,728)
Total expenditure				(37,726)	(2)	(37,728)
Exceptional items				(294)		(294)
Net income/(expenditure)				1,355	(2)	1,353
Net movement in funds				1,355	(2)	1,353
Reconciliation of	funds
Total funds brought	forward			14,909	218	15,127
Total funds carried	forward		21	16,264	216	16,480

31 December	2	021
					2021	2020
				Note	R000	6000
Fixed assets
Tangible assets				13	32,300	31,808
Investments				14
					32,300	31,808
Current assets
Stocks				15	2,675	84
Debtors				16	3,256	3,289
Cash at bank and	in	hand		17	2,281	985
					8,212	4,358
Creditors: Amounts		falling due within one year		18	(6,845)	(5,415)
Net current assets/(liabilities)					1,367	(1,057)
Total assets less	current		liabilities		33,666	30,751
Creditors: Amounts		falling due after more than one year		19	(13,637)	(14,271)
Net assets					20,030	16,480
Funds ofthe group:
Restricted income funds
Restricted funds				21	216	216
Unrestricted income funds
Unrestricted funds					19,814	16,264
Total funds				21	20,030	16,480

31 December	2	021
					2021	2020
				Note	R000	6000
Fixed assets
Tangible assets				13	32,266	31,714
Investments
					32,266	31,714
Current assets
Stocks				15		84
Debtors				16	3,245	3,289
Cash at bank and	in hand			17	2,266	883
					5,511	4,256
Creditors: Amounts		falling due within one year		18	(6,274)	(8,096)
Net current liabilities					(763)	(3,840)
Total assets less	current		liabilities		31,504	27,875
Creditors: Amounts		falling due after more than one year		19	(13,637)	(13,771)
Net assets					17,867	14,103
Funds ofthe charity:
Restricted income funds
Restricted funds				21	216	216
Unrestricted income		funds
Unrestricted funds					17,651	13,887
Total funds				21	17,867	14,103

Year Ended 31 Dece	mber 2021
				2021	2020
			Note	R000	6000
Cash flows from operating activities
Surplus for the year				3,549	1,353
Adjustments to cash flows from non-cash		items
Depreciation				1,193	991
Investment income
Interest payable				419	390
Freehold property revaluation				(677)
				4,484	2,734
Working capital adjustments
Increase in stocks			15	(2,591)	(84)
Decrease/(increase) in debtors			16	33	(944)
Increase in creditors			18	1,117	114
(Decrease)/increase in deferred income			19	(500)
Net cash flows from operating	activities			2,543	1,819
Cash flows from investing activities
Interest receivable and similar	income
Purchase oftangible fixed assets			13	(1,007)	(1,170)
Net cash flows from investing	activities			(1,007)	(1,170)
Cash flows from financing activities
Interest payable and similar charges				(419)	(390)
Value of new loans obtained during the period				959
Repayment of loans and borrowings			18	(780)	(94)
Net cash flows from financing	activities			(240)	(484)
Net increase in cash and cash	equivalents			1,296	166
Cash and cash equivalents at	1 January			985	819
Cash and cash equivalents at	31 December			2,281	985

estimated residual value, over their expected usefu	l economic life as follows:	l economic life as follows:
Asset class	Depreciation		method	and rate
Freehold property	2% straight	line
Long leasehold properties	over the term		ofthe lease
Computer equipment	25% straight		line
Fixtures, fittings and other equipment	25% straight		line
Motor vehicles	25% straight		line
Long term equipment	10%straight		line
Photo voltaic panels	4% straight	line

3 Income from	donations	and legacies
			Unrestricted
			funds	Total
			General	funds
			R000	6000
Donations and legacies;
Donations from	companies,	trusts and similar proceeds	1	1
Donations from	individuals		41	41
Legacies			1	1
Grants, including	capital grants;
Grants from other charities
Total for 2021			50	50
Total for 2020			65	65

Unrestricted
funds	Total
General	funds
R000	6000
35,642	35,642
2,425	2,425
38,067	38,067
37,616	37,616

5 Other income
	Unrestricted
	funds	Total	Total
	General	2021	2020
	R000	R000	R000
Grants	2,255	2,255	1,660
Training			20
Other	10	10	14
	2,266	2,266	1,694

6 Expenditure on chari	table activities
			Unrestricted
			funds	Total	Total
			General	2021	2020
		Note	R000	R000	6000
Resident Costs			1,308	1,308	1,246
Premises and equipment	costs		3,140	3,140	2,985
Communications			924	924	667
Legal and professional			571	571	481
Other care expenses			249	249	303
Depreciation, amortisation	and other
similar costs			1,193	1,193	991
Staff costs			22,644	22,644	22,426
Agency staff costs			4,086	4,086	4,267
Other staff costs			631	631	704
Allocated support costs			5,439	5,439	3,658
			40,184	40,184	37,728

Charitable	activities expenditure
		Unrestricted
		funds	Total
		General	funds
		R000	R000
Staff costs		3,873	3,873
Other staff costs		41	41
Premises	and equipment	470	470
Loan Interest payable		419	419
Other admin expense		636	636
Total for	2021	5,439	5,439
Total for	2020	3,657	3,657

8 Exceptio	nal items
		Unrestricted
		funds	Total
		General	funds
		R000	R000
Exceptional	items	2,675	2,675
Total for 2021		2,675	2,675
Total for 2020		(294)	(294)

9 Net incom	ing/outgoing	resources
Net incoming	resources	for the year include:
			2021	2020
			R000	R000
Depreciation	offixed assets		1,193	991
Remuneration	to auditors	for audit services - group	26	19
Remuneration	to auditors	for audit services - company	5	3
Remuneration	to auditors	for tax services - company	3	3
Write back development		costs	(2,675)	(47)

11Staff costs The aggregate payroll costs were as follows:
	2021	2020
	R000	R000
Staff costs during the year were:
Wages and salaries	24,235	22,953
Social security costs	1,782	1,698
Pension costs	500	510
	26,517	25,161

during the yea	r expressed as full time equivalents was	as follows:
		2021	2020
		No	No
Care services		663	643
Management	and Administration	176	145
		839	788

11Staff costs (continued)
	2021	2020
	No	No
F60,001 - F70,000	3
f70,001 - F80,000	2
F80,001 - F90,000	1
F100,001 —f110,000
F140,001 - F150,000
F150,001 - F160,000

Group
	Land and	Furniture and	Motor
	buildings	equipment	vehicles	Total
	E000	R000	R000	6000
Cost
At 1 January 2021	29,425	5,089	143	34,657
Revaluations	70			70
Additions		960	47	1,007
At 31 December 2021	29,495	6,049	190	35,734
Depreciation
At 1 January 2021	734	2,058	57	2,849
Revaluations	(607)			(607)
Charge for the year	369	792	32	1,193
At 31 December 2021	496	2,850		3,435
Net book value
At 31 December 2021	28,999	3,200	101	32,300
At 31 December 2020	28,691	3,032	86	31,809

Charity
	Land and	Furniture and	Motor
	buildings	equipment	vehicles	Total
	E000	R000	R000	R000
Cost
At 1 January 2021	29,425	4,965	143	34,533
Revaluations	70			70
Additions		960	47	1,007
At 31 December 2021	29,495	5,925	190	35,610
Depreciation
At 1 January 2021	734	2,028	57	2,819
Revaluations	(607)			(607)
Charge for the year	369	731	32	1,131
At 31 December 2021	496	2,759		3,344
Net book value
At 31 December 2021	28,999	3,167	101	32,266
At 31 December 2020	28,691	2,937	86	31,714

Subsidiary
undertakings	Total
R000	R000

		Country	of		Proportion	ofvoting	Principal
Undertaking		incorporation		Holding	rights and	shares held	activity
					2021	2020
Subsidiary undertakings
Cornwall Services	Care Limited	England Wales	and	Ordinary	100%	100%	Care services
Cornwall Property	Care Limited	England Wales	and	Ordinary	1PP%	1PP%	Property developer

15Stock
			Group		Charity
		2021	2020	2021	2020
		R000	R000	R000	R000
Development	properties	2,675	84		84

16Debtors
		Group		Charity
	2021	2020	2021	2020
	R000	R000	R000	R000
Trade debtors	2,772	2,911	2,772	2,911
Prepayments	152	155	141	155
Accrued income	331	223	331	223
	3,256	3,289	3,245	3,289

17Cash and cash equivalents	17Cash and cash equivalents	17Cash and cash equivalents
			Group		Charity
		2021	2020	2021	2020
		R000	R000	R000	R000
Cash on hand		10	6	10	6
Cash at bank		2,271	979	2,256	876
		2,281	985	2,266	883
18Creditors:	amounts	falling due within one year
			Group		Charity
		2021	2020	2021	2020
		R000	R000	R000	R000
Bank loans		700	393	700	393
Trade creditors		1,248	670	1,248	1,080
Other loans		434	427	434	427
Due to group undertakings				2,460	4,400
Other taxation	and social
security		1,320	649
Other creditors		1,446	1,929	235	458
Accruals		1,697	1,347	1,197	1,338
		6,845	5,415	6,274	8,096

			Group		Charity
		2021	2020	2021	2020
		R000	R000	R000	R000
Bank loans		11,228	10,969	11,228	10,969
Other loans		2,409	2,803	2,409	2,803
Deferred	income		500
		13,637	14,271	13,637	13,771

Included	in the creditors are the following	amounts	due after more than five years:
			2021	2020
			R000	6000
After more than five years by instalments			8,679	9,707
Charity
Included	in the creditors are the following	amounts	due after more than five years:

				2021	2020
				R000	R000
After	more	than	five years by instalments	8,679	9,707
Bank	and	other	loans

Group
						Balance at 31
				Balance at 1	Net Incoming	December
				January 2021	resources	2021
				R000	R000	6000
Unrestricted funds
General
General fund				(1,098)	2,440	1,342
Pension post	settlement		fund	(3,230)	434	(2,796)
Revaluation	Reserve			20,537	676	21,213
				16,209	3,550	19,759
Designated
Homes' amenities		account		55		55
Total unrestricted		funds		16,264	3,550	19,814
Restricted funds
Huddy legacy				216		216
Total funds				16,480	3,550	20,030

							Balance at 31
				Balance at 1	Net Incoming		December
				January 2020	resources	Transfers	2020
				R000	R000	R000	R000
Unrestricted funds
General
General fund				(1,979)	901	(20)	(1,098)
Pension post	settlement		fund	(3,684)	454		(3,230)
Revaluation	Reserve			20,537			20,537
				14,874	1,355	(20)	16,209
Designated
Homes' amenities		account		35		20	55
Total unrestricted		funds		14,909	1,355		16,264
Restricted funds
Huddy legacy				218	(2)		216
Total funds				15,127	1,353		16,480

Charity
								Balance at 31
					Balance at 1	Net Incoming		December
					January 2021	resources	Transfers	2021
					R000	R000	R000	6000
Unrestricted		funds
General
General	fund				(3,475)	2,654		(822)
Designated
Homes'	amenities			account	55			55
Other
Pension	post		settlement		(3,230)	434		(2,796)
Revaluation			reserve		20,537	676		21,213
					17,307	1,110		18,417
Total unrestricted				funds	13,887	3,764		17,651
Restricted funds
Huddy	legacy				216			216
Total funds					14,103	3,764		17,867

								Balance at 31
					Balance at 1	Net Incoming		December
					January 2020	resources	Transfers	2020
					R000	R000	R000	R000
Unrestricted		funds
General
General	fund				(3,829)	374	(20)	(3,475)
Designated
Homes'	amenities			account	35		20	55
Other
Pension	post		settlement		(3,684)	454		(3,230)
Revaluation			reserve		20,537			20,537
					16,853	454		17,307
Total unrestricted				funds	13,059	828		13,887
Restricted funds
Huddy	legacy				218	(2)		216
Total funds					13,277	826		14,103

Group
							Total
					Pension		Funds as
					post		at 31
		General	Designated	Revaluation	settlement	Restricted	December
		Fund	Fund	Reserve	Fund	Fund	2021
		R000	R000	R000	R000	R000	R000
Tangible	fixed assets	11,087		21,213			32,300
Current	assets	7,941	55			216	8,212
Current	liabilities	(6,845)					(6,845)
Creditors	over 1 year	(10,841)			(2,796)		(13,637)
Total net assets		1,342	55	21,213	(2,796)	216	20,030
							Total
					Pension		Funds as
					post		at 31
		General	Designated	Revaluation	settlement	Restricted	December
		Fund	Fund	Reserve	Fund	Fund	2020
		R000	E000	R000	E000	E000	R000
Tangible	fixed assets	11,271		20,537			31,808
Current	assets		55			216	271
Current	liabilities	(5,415)					(5,415)
Creditors	over 1 year	(11,041)			(3,230)		(14,271)
Total net assets		(5,185)	55	20,537	(3,230)	216	12,393

Charity
							Total
					Pension		Funds as
					post		at 31
		General	Designated	Revaluation	settlement	Restricted	December
		Fund	Fund	Reserve	Fund	Fund	2021
		R000	R000	R000	R000	R000	R000
Tangible	fixed assets	11,729		20,537			32,266
Current	assets	5,240	55			216	5,511
Current	liabilities	(6,274)					(6,274)
Creditors	over 1 year	(10,841)			(2,796)		(13,637)
Total net assets		(145)	55	20,537	(2,796)	216	17,867
							Total
					Pension		Funds as
					post		at 31
		General	Designated	Revaluation	settlement	Restricted	December
		Fund	Fund	Reserve	Fund	Fund	2020
		R000	E000	R000	E000	E000	R000
Tangible	fixed assets	11,177		20,537			31,714
Current	assets	3,985	55			216	4,256
Current	liabilities	(8,096)					(8,096)
Creditors	over 1 year	(10,541)			(3,230)		(13,771)
Total net assets		(3,475)	55	20,537	(3,230)	216	14,103

Group
				At 31
		At 1 January	Financing	December
		2021	cash flows	2021
		E000	E000	6000
Cash at bank and	in hand	985	1,296	2,281
Debt due within one year		820	1,134	1,954
Debt due after more than one year		13,771	13,637	27,408
Net debt		15,576	16,067	31,643
				At 31
		At 1 January	Financing	December
		2020	cash flows	2020
		R000	R000	R000
Cash at bank and	in hand	819	165	985
Debt due within one year		437	820	1,257
Debt due after more than one year		13,865	13,771	27,636
Net debt		15,121	14,756	29,878

Charity
				At 31
		At 1 January	Financing	December
		2021	cash flows	2021
		E000	E000	R000
Cash at bank and	in hand	883	102	985
Debt due within one year		820	1,134	1,954
Debt due after more than one year		13,771	13,637	27,408
Net debt		15,474	14,873	30,347
				At 31
		At 1 January	Financing	December
		2020	cash flows	2020
		R000	R000	R000
Cash at bank and	in hand	791	92	883
Debt due within one year		437	820	1,257
Debt due after more than one year		13,865	13,771	27,636
Net debt		15,093	14,683	29,776