2021-06-30-accounts - The Rosemary Foundation Limited

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FINANCIAL REVIEW Key Risks
The Charity continues to manage through	scenario planning our key risks to potential		sensitivities	that we may face.
Risk Drop ofincome from all sources	Mitigation Cash reserves held
Extra nurse recruitment requirement Increase in overtime due to higher caseload Government/LA support Investments / Reserves policy
Investment policy and objectives	Accurate financial monitoring	/ reporting
Our investment portfolio is held under the	management ofCharles Stanley.

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			544,954		544,954	1,250,745
Other trading activities			14,315		14,315	13,439
Investment income			35,720		35,720	23,569
Total			594,989		594,989	1,287,753
EXPENDITURE ON
Raising funds			10,118		10,118	14,931
Charitable activities
Home care			630,865	42,000	672,865	579,266
Other			1,188		1,188	112
Total			642,171	42,000	684,171	594,309
Net gains on investments			176,801		176,801	23,705
NET INCOME/(EXPENDITURE)			129,619	(42,000)	87,619	717,149
RECONCILIATION	OF FUNDS
Total funds brought	forward		1,589,936	575,000	2,164,936	1,447,787
TOTAL FUNDS CARRIED FORWARD			1,719,555	533,000	2,252,555	2,164,936

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets Investments	11 12	58,901 1,428,258	533,000	58,901 1,961,258	27,730 1,431,113
		1,487,159	533,000	2,020,159	1,458,843
CURRENT ASSETS
Stocks Debtors Cash at bank and in hand	13 14	1,871 111,979 154,526		1,871 111,979 154,526	2,722 504,258 230,479
		268,376		268,376	737,459
CREDITORS
Amounts falling due within one year	15	(24,824)		(24,824)	(18,460)
NET CURRENT ASSETS		243,552		243,552	718,999
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,730,711	533,000	2,263,711	2,177,842
CREDITORS
Amounts falling due after more than one year	16	(11,156)		(11,156)	(12,906)
NKT ASSETS		1,719,555	533,000	2,252,555	2,164,936
FUNDS	17
Unrestricted funds:
General fund Designated Fund				460,781 1,258,774	515,042 1,074,894
				1,719,555	1,589,936
Restricted funds				533,000	575,000
TOTAL FUNDS				2,252,555	2,164,936

			2021	2020
		Notes
Cash flows from operating activities
Cash generated from operations			298,822	202,213
Net cash provided by operating activities			298,822	202,213
Cash flows from investing activities
Purchase oftangible fixed assets Purchase offixed asset investments Saleoftangible fixed assets			(47,710) (821,298) 295	(10,332) (973,335)
Saleoffixed asset investments Interest received			467,954	245,370 593
Dividends received			25,984	8,490
Net cash used in investing activities			(374,775)	i729,214)
Change in cash and cash equivalents	in
the reporting period Cash and cash equivalents at the			(75,953)	(527,001)
beginning ofthe reporting period			230,479	757,480
Cash and cash equivalents at the end	of
the reporting period			154,526	230,479

RECONCILIATION ACTIVITIES	RECONCILIATION ACTIVITIES	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OPERATING
				2021	2020
Net income for the	reporting		period (as per the Statement ofFinancial
Activities) Adjustments for:				87,619	717,149
Depreciation charges Gain on investments Loss on disposal offixed assets Interest received Dividends received Decrease/(increase) in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors				15,056 (176,801) 1,188 (25,984) 851 392,279 4,614	7,874 (23,705) 112 (593) (8,490) (1,071) (487,929) ~1,134
Net cash provided	by	operations		298,822	202,213

	At 1.7.20	Cash liow	At 30.6.21
Net cash
Cash at bank and in hand	230,479	75,953	154,526
	230,479	75,953	154,526
Total	230,479	75,953	154,526

				2021	2020
	Donations Gift aid Legacies Grants			404,840 36,670 22,619 80,825	485,151 30,312 571,928 163,354
				544,954	1,250,745
	Grants received, included		in the above, are as follows:
				2021	2020
	NHS England Other grants			32,530 48,295	68,291 95,063
				80,825	163,354
3.	OTHER TRADING ACTIVITIES
				2021	2020
	Fundraising events SaleofChristmas	cards		10,372 3,943	8,164 5,275
				14,315	13,439
4.	INVESTMENT INCOME
				2021	2020
	Rents received Dividend income Deposit account interest			9,736 25,984	14,486 8,490 593
				35,720	23,569

	Raising donations and	legacies
				2021	2020
	Fundraising costs Marketing			952 7,152	1,925 11,513
				8,104	13,438
	Other trading activities
				2021	2020
	Opening stock Purchases Closing stock			2,722 1,163 (1,871)	1,651 2,564 L2,722)
				2,014	1,493
	Aggregate amounts			10,118	14,931
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 7)	Totals
	Home care		516,207	156,658	672,865
7.	SUPPORT COSTS
				Governance
		Management	Finance	costs	Totals
	Home care	130,561	3,398	22,699	156,658
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
				2021	2020
	Auditors' remuneration Independent examination fee Depreciation - owned assets Other operating leases Deficit on disposal offixed assets			2,650 15,056 33,250 1,188	5,000 1,800 7,874 33,250 112

There were no truste STAFF COSTS	es' expenses paid for t	he year ended 30th June 2021 nor fo	r the year ended 3	0th June 202
			2021	2020
Wages and salaries Social security costs Other pension costs			476,434 33,303 6,995	395,896 28,194 5,715
			516,732	429,805
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
Nursing			20	18
Administration			3	3
			23	21

TANGIBLE FIXEDASSETS
	Improvements
	to	Plant and	Computer
	property	machinery	equipment	Totals
COST
At 1stJuly 2020	21,085	11,154	26,855	59,094
Additions Disposals	30,308	1,095 ~3,450)	16,307 ~545)	47,710 ~3,995)
At 30th June 2021	51,393	8,799	42,617	102,809
DEPRECIATION
At 1st July 2020 Charge for year Eliminated on disposal	4,894 5,677	6,524 958 ~2,352)	19,946 8,421 ~160)	31,364 15,056 ~2,512)
At 30th June 2021	10,571	5,130	28,207	43,908
NET BOOK VALUE
At 30th June 2021	40,822	3,669	14,410	58,901
At 30th June 2020	16,191	4,630	6,909	27,730

							Listed
							investments
	MARKET VALUE
	At 1stJuly 2020 Additions Disposals Revaluations						1,431,113 821,298 (459,682) 168,529
	At 30th June 2021						1,961,258
	NET BOOKVALUE
	At 30th June 2021						1,961,258
	At 30th June 2020						1,431,113
	There were no investment	assets held		outside the	UK.
	Cost or valuation at 30th June 2021		is represented		by:
							Listed
							investments
	Valuation in 2021						1,961,258
	The investments have been revalued		at the market		value as at the balance sheet date.
	The historical cost ofthe investments			is K1,609,143 (2020:K1,346,318).
13.	STOCKS
						2021	2020
	Stocks					1,871	2,722
14.	DEBTORS:AMOUNTS	FALLING		DUE WITHIN ONE YEAR
						2021	2020
	Trade debtors					50
	Other debtors Charles Stanley income account VAT Prepayments					25,017 76,673 139 10,100	253,735 234,781 5,743 9,999
						111,979	504,258

CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
		2021	2020
Trade creditors Social security and other taxes Other creditors Accrued expenses Operating lease		4,546 10,278 1,442 6,808 1,750	898 9,332 1,263 5,217 1,750
		24,824	18,460
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE		YEAR
		2021	2020
Operating lease more than 5years Operating lease 2-5 years		4,156 7,000	5,906 7,000
		11,156	12,906
MOVEMENT IN FUNDS
		Net
		movement	At
	At 1.7.20	in funds	30.6.21
Unrestricted funds
General fund Designated Fund	515,042 1,074,894	(54,261) 183,880	460,781 1,258,774
Restricted funds	1,589,936	129,619	1,719,555
Elisabeth Robinson Training Bursary HBAllen Trust Milland Ball	129,000 400,000 46,000	(42,000)	129,000 358,000 46,000
	575,000	~42,000	533,000
TOTAL FUNDS	2,164,936	87,619	2,252,555

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund Designated Fund	569,004 25,985	(623,265) ~18,906)	176,801	(54,261) 183,880
Restricted funds	594,989	(642,171)	176,801	129,619
HBAllen Trust		(42,000)		(42,000)
TOTAL FUNDS	594,989	~684,)7))	176,801	87,619

		Net	Transfers
		movement	between	At
	At 1.7.19	in funds	funds	30.6.20
Unrestricted funds
General fund Designated Fund	(165,913) 1,088,700	680,955 32,194	~46,000)	515,042 1,074,894
	922,787	713,149	(46,000)	1,589,936
Restricted funds
Elisabeth Robinson Training Bursary	125,000	4,000		129,000
HBAllen Trust	400,000			400,000
Milland Ball			46,000	46 000
	525,000	4,000	46,000	575,000
TOTAL FUNDS	1,447,787	717,149		2,164,936

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	1,259,264	(578,309)		680,955
Designated Fund	8,489		23,705	32,194
	1,267,753	(578,309)	23,705	713,149
Restricted funds
Elisabeth Robinson Training Bursary HB Allen Trust	4,000 16,000	~16,000)		4,000
	20,000	16,000		4,000
TOTAL FUNDS	1,267,763	~694,309)	23,705	717,149

The capital commitments
Description	2021	2020
BTphone contract Toilet refurbishment		13,080
		3,540
TOTAL COMMITMENTS		16,620

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations Gift aid Legacies Grants			404,840 36,670 22,619 80,825		404,840 36,670 22,619 80,825	485,151 30,312 571,928 163,354
			544,954		544,954	1,250,745
Other trading activities
Fundraising events SaleofChristmas		cards	10,372 3,943		10,372 3,943	8,164 5,275
			14,315		14,315	13,439
Investment income
Rents received Dividend income Deposit account	interest		9,736 25,984		9,736 25,984	14,486 8,490 593
			35,720		35,720	23,569
Total incoming	resources		594,989		594,989	1,287,753
EXPENDITURE
Raising donations		and legacies
Fundraising costs Marketing			952 7,152		952 7,152	1,925 11,513
			8,104		8,104	13,438
Other trading activities
Opening stock Purchases Closing stock			2,722 1,163 ~),87))		2,722 1,163 ~1,871)	1,651 2,564 ~2,722)
			2,014		2,014	1,493
Charitable activities
Wages Social security Pensions Sundries Carried forward			426,952 30,934 6,787 979 465,652		426,952 30,934 6,787 979 465,652	347,883 24,818 5,284 527 378,512

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
Charitable activities
Brought forward Mileage Training Uniforms and equipment Fees and supervision costs Bereavement befriending		465,652 38,396 2,996 3,920 4,222 63		465,652 38,396 2,996 3,920 4,222 63	378,512 35,674 3,162 4,056 5,198 807
Plant and machinery dep'n		958		958	1,046
Other		516,207		516,207	428,455
Loss on sale oftangible fixed assets		1,188		1,188	112
Support costs
Management
Wages Social security Pensions		7,482 2,369 208	42,000	49,482 2,369 208	48,013 3,376 431
Rent payable Rates and water Insurance Light and heat Telephone Postage and stationery Expenses for rented flat		33,250 2,965 5,206 3,207 3,417 2,378 158		33,250 2,965 5,206 3,207 3,417 2,378 158	33,250 4,034 4,372 3,088 7,015 2,811 423
Computer costs Subscriptions Cleaning Mileage Repairs 0maintenance Premises expenses Staffwelfare Improvements to property Computer equipment dep'n		2,244 3,857 2,096 1,039 2,613 1,199 775 5,678 8,420		2,244 3,857 2,096 1,039 2,613 1,199 775 5,678 8,420	6,726 4,088 2,463 1,317 3,964 7,766 1,242 3,486 3,341
		88,561	42,000	130,561	141,206
Finance
Bank charges		3,398		3,398	2,120
Governance costs
Auditors' remuneration Independent examination Payroll k, other prof fees	fee	2,650 20,049		2,650 20,049	5,000 1,800 685
		22,699		22 699	7,485
Total resources expended		642,171	42,000	684,171	594,309
Net income before gains and losses		(47,182)	(42,000)	(89,182)	693,444

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
Realised recognised		gains and losses
Gains/(losses)	on fixed asset investments		176,801		176,801	23,705
Net income			129,619	~42,000)	87,619	717,149