##
##
|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||||||
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|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||
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|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|
##
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|||||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|
##
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##
|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|
##
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##
|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|
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|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|||
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|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|
##
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##
##
|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|
##
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##
|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|
##
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##
|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|
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##
##
|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|
##
##
##
##
##
##