## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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|as at 30th June 2021 are as follows:||| |---|---|---|---| |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|