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|||||Page|
|---|---|---|---|---|
|Reference|and administrative||details ofthe Charity, its Trustees and advisers||
|Chairman's|statement||||
|Trustees'|report|||3-14|
|Trustees'|responsibilities
statement|||15|
|Independent
auditors'||report|on the financial statements|16 - 19|
|Statement|offinanclat|activities||20|
|8alance sheet||||21|
|Statement|ofcash flows|||22|
|Notes to the financial||statements||23-42|
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##
|Reference||and administrative
details of the|and administrative
details of the|and administrative
details of the||Charity,|Charity,|its Trustees and advisers|its Trustees and advisers|its Trustees and advisers||
|---|---|---|---|---|---|---|---|---|---|---|---|
|For the year ended 31|||December 2020|||||||||
|Trustees|||Amy Rosie|||||||||
||||Georgina
Hovey|||||||||
||||Humphrey
Clarke,||Chairman|||||||
||||John Guin|||||||||
||||Rebecca Pryse|||||||||
||||Richard Pitt (resigned||||24 September 2020)|||||
||||Robert Sparkes|||||||||
||||Roger Walton|||||||||
|Company||registered||||||||||
|number|||03467406|||||||||
|Charity registered||||||||||||
|number|||1067(i85|||||||||
|Registered||office|Homemead
Lane|||||||||
||||Hecklinge|||||||||
||||Deal|||||||||
||||Kent|||||||||
||||CT14 OPG|||||||||
|Senior management|||George White, CEO|||||||||
|team|||Julie Gayler, Deputy|||CEO||||||
||||Natalia Olszewska,|||Finance||Director||||
||||Owen Nolan, Senior Registered
Home Manager
and Learning
Ciaire Doe, Associate Director ofPeople and Culture||||||||Disability Lead|
||||Alice Moir, Marketing||||Manager|||||
|Company|secretary||George White (resigned 25 June 2020)|||||||||
||||Natalia
Olszewska||(appointed||||25 June 2020)|||
|Chief executive officer|||George White|||||||||
|Independent||auditors|Kreston Reeves|LLP||||||||
||||Statutory
Auditor|||||||||
||||37St Margaret's|Street||||||||
||||CanterbuDr|||||||||
||||Kent|||||||||
||||CT1 2TU|||||||||
|Bankers|||Barclays Bank PLC|||||||||
||||9StGeorge Street|||||||||
||||Canterbury|||||||||
||||Kent|||||||||
||||CT'I 2JX|||||||||
|Solicitors|||Girlings Solicitors|LLP||||||||
||||16Rose Lane|||||||||
||||Canterbury|||||||||
||||Kent|||||||||
||||CT1 2UR|||||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2020
f|2020
f|2020f|2019f|
|Income from:|||||||
|Donations
and legacies||3|230,623|40,387|271,010|252,741|
|Charitable
activities||4|5,327,113|107,519|5,434,632|5,003,521|
|Other income||5|776||776|2,588|
|Total income|||6,558,612|147,906|5,706,418|6,258,S50|
|Expenditure
on:|||||||
|Raising funds||6|111,841||111,841|141,264|
|Charitable
activities||7|5,247,058|73,580|5,320,638|5,273,59$|
|Total expenditure|||5,358,899|73,580|5,432,479|5,414,857|
|Net income/(expenditure)|||199,613|74,326|273,939|(156,007)|
|Transfers between|funds|15|3,000|(3,000)|||
|Net movement
In funds|||202,613|71,326|273,939|(156,007)|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||3,758,749|606,06S|4,364,818|4,520,826|
|Net movement
in funds|||202,613|71,326|273,939|(156,007)|
|Total funds cerned forward|||3,961,362|677,$95|4,638,757|4,364,818|
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|Statement ofcash flows|||||||
|---|---|---|---|---|---|---|
|For the year ended 31 December 2020|||||||
||||||2020|2019|
|||||Note||5|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||18|364,388|280,784|
|Cash flows from investing|activities||||||
|Dividends,
interests
and rents Bom investments|||||(52,529)|(49,731)|
|Purchase oftangible
fixed assets|||||(50,730)|(80,757)|
|Net cash used In investing|act(vldes||||(103,259)|(130,488)|
|Cash flows from financing|activities||||||
|Repayments
of borrowing|||||(102,623)|(110,204)|
|Net cash used
in financing|activities||||(102,623)|(110,204)|
|Change
in cash and cash|equivalents|in|the year||158,506|40,092|
|Cash and cash equivalents|at the beginning||ofthe year||435,'I 75|395,083|
|Cash and cash equivalents|at the end|of|the year|19|593,681|435,175|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
||||5||5|
|Donations||174,951|26,387|201,338|252,741|
|Grants - Covid-19|||14,000|14,000||
|Government|grants - Furlough|55,672||55,672||
|Total 2020||230,623|40,387|271,010|252,741|
|Total 2019||215,695|37,146|252,741||
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
|||f.||6|f.|
|Residential|and day care fees|5,327,113||5,327,113|5,003,521|
|Covld-19 fess|||107,519|107,619||
|Total 2020||5,327, 113|107,519|5,434,632|5,003,521|
|Total 2019||5,003,521||5,003,621||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||5|||
|Other||776||2,588|
|Total|2019|2,588|2,588||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020
5|2020
5|2019f|
|Events and publicity|costs|26,453|26,453|37,253|
|Legal snd professional||1,459|1,459|1,356|
|General oflice costs||900|900|3,963|
|Maintenance/Utilities/Sundry||1,334|1,334|1,203|
|Salaries to generate|income|81,695|81,695|97,489|
|Total 2020||111,841|111,841|141,264|
|Total 2019||141,264|141,264||
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020f|2020f|2020
5|2019f|
|Residential|and day care costs|5,247,058|73,580|5,320,638|5,273,593|
|Total 2019||5,235,387|38,206|5,273,593||
##
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||||Activities||||
|---|---|---|---|---|---|---|
||||undertaken|Support|Total|Total|
||||directly|costs|funds|funds|
||||2020|2020|2020|2019|
||||5|8|8|6|
|Residential|and day care costs||4,841,421|479,217|6,320,638|5,273,593|
|Total 2019|||4,898,106|375,488|6,273,593||
|Analysis ofdirect costs|||||||
|||||Residential|||
|||||and day|Total|Total|
|||||care|funds|funds|
|||||2020
8|2020
8|2019f|
|Staff costs||||3,351,793|3,351,793|3,286,878|
|Depreciation||||192,370|192,370|210,780|
|Establishment||costs||1,297,258|1,297,258|1,400,44'7|
|Total 2020||||4,841,421|4,841,421|4,898,105|
|Total 2019||||4,898,105|4,898,105||
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||||Residential|||
|---|---|---|---|---|---|
||||and day|Total|Total|
||||care|funds|funds|
||||2020|2020|2019|
||||6||6|
|Wages and salaries|||3?4,823|3?4,823|245,185|
|Depreciation|||21,297|21,297|21,138|
|Establishment|costs||327|327|320|
|Travel and subsistence|||2,468|2,468|4,334|
|Insurance|||1,813|1,813|2,095|
|Maintenance,|cleaning|and repairs|16,4$1|16,481|12,350|
|Print, post and stationery|||1,695|1,685|1,898|
|Telephone
and fax|||1,239|1,239|2,230|
|Operating
lease rentals||and equipment|8,427|8,427|8,741|
|Staff training|||7,9$9|7,989|2,280|
|General expenses|||1,432|1,432|1,018|
|Bank charges|and interest||1,988|'1,988|2,060|
|IT Costs|||6,8?2|6,872|490|
|Legal and professional||fees|23,290|23,290|57,672|
|Publicity and|communications||686|686|4,992|
|Governance|costs||8,400|8,400|8,695|
|Total 2020|||479,217|479,217|375,48$|
##
|Net Incomel(expenditure)|Net Incomel(expenditure)|||
|---|---|---|---|
|This is stated alter charging;||||
|||2020
E|2019f|
|Depreciation
oftangible|fixed assets:|213,667|231,91$|
|-owned
by the charity||||
|Auditors'
remuneration|- audit|8,400|8,400|
|Operating
lease rentals||8,427|15,350|
##
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|||||2020|2019|
|---|---|---|---|---|---|
|||||E|E|
|Wages and|salaries|||3,470,013|3,326,091|
|Social security costs||||282,233|252,137|
|Contribution|to defined contribution|pension|schemes|56,065|51,324|
|||||3,808,311|3,629,552|
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|Tangible
Axed assets (continued)|||||
|---|---|---|---|---|
||Freehold|Motor|Fixtures and||
||property|vehicles|fittings|Total|
||E|E|E|E|
|Depreciation|||||
|At 1 January 2020|1,623,505|102,169|892,135|2,517,809|
|Charge for the year|112,503|8,048|93,116|213,667|
|On disposals|||(29,596)|(29,596)|
|At 31 December 2020|1,636,008|110,217|955,655|2,701,880|
|Net book value|||||
|At 31 December 2020|4,624,737|8,522|316631|4 949890|
|At 31 December 201S|4,737,240|16,570|361,454|5,115,264|
||||||||2020|
|---|---|---|---|---|---|---|---|
||||||||E|
|At|cost:||||||6,066,610|
|At|valuation.|1998|at|open|market|value|204,135|
||||||||6,260,745|
|||2020|2019|
|---|---|---|---|
|||E|E|
|Cost||6,056,610|6,056,610|
|Accumulated|depreciation|(1,473,961)|(1,369,176)|
|||4,582,649|4,667,435|
##
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|||2020|2019|
|---|---|---|---|
|||E|E|
|Trade debtors||428,621|288,594|
|Other debtors||12,422|15,662|
|Prepayments|and accrued income|77,669|36,766|
|||618,732|341,012|
##
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|||2020|2019|
|---|---|---|---|
|||E|E|
|Barciays Mortgage||58,128|46,218|
|Charity Bank Loan 1|||2,577|
|Charity Bank Loan 2||27,843|24,809|
|Charity Bank Loan 3||21,474|18,743|
|Trade creditors||60,327|81,633|
|Other taxation and social security||69,687|57,744|
|Other creditors||39,848|108,749|
|Accruals and deferred|income|113,290|37,470|
|||390,577|375,943|
##
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||2020|2019|
|---|---|---|
||6|E|
|Barclays Mortgage|191,480|260,412|
|Charity Bank Loan 2|432,894|454,089|
|Charity Bank Loan 3|408,595|436,189|
||1,032,969|'l,150,690|
||||2020|2019|
|---|---|---|---|---|
||||E||
|Repayable|by|installments|678,038|782,815|
||||678,038|782,815|
##
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|Statement off|unds||- current|year|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||||Balance at 1||||31|
|||||January|||Trsllsfsrs|December|
|||||2020|Income|Expenditure|In/out|2020|
|||||6|5|5|5|5|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Designated
fixed asset fund||||3,077,256|||(61,922)|3,015,334|
|Generalfunds|||||||||
|General Funds||||477,358|5,558,512|($,368,899)|64,922|741,893|
|Revaluation
reserve||||204,135||||204,135|
|||||681,493|5,55$,512|(5,358,899)|$4,922|94$,028|
|Total Unrestricted||funds||3,768,749|5,558,5'l2|(5,358,899)|3,000|3,961,362|
|Restricted funds|||||||||
|Frances House||||230,556|450|(450)||230,556|
|Mary House||||358,049|1,250|(1/76)|(500)|367,323|
|Martha House||||2231|3$|||2,270|
|Deal Water Garden||||400||||400|
|Deal Staff Fund||||842|270|(19o)||922|
|Making Music Accessible||||111||(111)|||
|Carriage
Riding||||630|30|(660)|||
|Core restricted||||13,250||(13,260)|||
|Masonic Lodge|Beds||||16,906|||16,908|
|Staff Christmas|Fund||||2,740|(2,740)|||
|Local Authority|- Covld-1 9||||107,519|(38,503)||69,016|
|KCF - Covid-19|grant||||4,000|(4,000)|||
|National
Lottery|- Covid||||||||
|Community
Support|||Fund||4,700|(2,200)|(2,500)||
|Covid-19|||||10,000|(10,000)|||
|||||$06,069|14T,90$|(T3,680)|(3,000)|$77,395|
|Total offunda||||4,364,818|5,706,418|(5,432,479)||4,638,?57|
##
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|Statement
offunds|- prior ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Transfers|December|
|||2019|Income
f|Expenditure
5|in/out
5|2019|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Designated
fixed asset fund||3,097,287|||(20,031)|3,077,256|
|General funds|||||||
|General Funds||605,350|5,221,704|(5,369,727)|20,031|477,368|
|Revaluation
reserve||204,135||||204,135|
|||809,485|5,221,704|(5,369,727)|20,031|681,493|
|Total Unrestricted|funds|3,906,772|5,221,704|(5,369,727)||3,758,749|
|Restricted funds|||||||
|Frances House||230,001|595|(40)||230,556|
|Mary House||363,821|9,140|(14,912)||358,049|
|Martha House||20,231||(18,000)||2,231|
|Deal Water Garden|||1,000|(6001||400|
|Deal Staff Fund|||1,790|(948)||842|
|Making
Music Accessible|||606|(395)||111|
|Carriage
Riding|||630|||630|
|Core restricted|||23,485|(10,236)||13,250|
|||614,053|37,146|(45,130)||606,069|
|Total of funds||4,620,825|5,258,850|(5,414,857)||4,364,818|
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|Summery|offunds - prior|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Transfers|December|
|||2019
6|Income
5|Expenditure
5|in/outf|2019f|
|Designated|funds|3,097,287|||(20,031)|3,077,256|
|General funds||809,485|5,221,704|(5,369,727)|20,0$1|681,493|
|Restricted|funds|614,053|37,146|(45,130)||606,069|
|||4,520,826|5,258,850|(5,414,867)||4,384,818|
##
|Analysis|ofn|et assets between funds - current|period|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2020f|2020
6|2020|
|Tangible|fixed|assets|4,344,933|604,957|4,949,6SO|
|Cunent|assets||1,039,975|72,436|1,112,413|
|Creditors|due|within one year|(390,577)||(390,577)|
|Creditors|due|in more than one year|(1,032,969)||(1,032,96S)|
|Total|||3,961,362|677,395|4,638,757|
|Analysis|ofn|et assets between funds - prior p|eriod|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2019f|2019|2019|
|Tangible|fixed|assets|4,509,195|606,069|5,115,264|
|Current|assets||776,167||776,187|
|Creditors|due|within one year|(375,943)||(375,943)|
|Creditors|due|in more than one year|(1,150,690)||(1,150,690)|
|Ttl|||3,756,749|606,069|4,$64,818|
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||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||Net
Income/expenditure|||for the|period|(as per|Statement|of Financial|||
||Activities)||||||||273,939|(156,007)|
||Adjustments
for:||||||||||
||Depreciation
charges||||||||213,657|231,918|
||Dividends,
interests||and|rents from|investments||||62,629|51,774|
||Loss on the sale offixed|||assets|||||2,437|250|
||Decrease/{increase)||in debtors||||||(177,720)|92,582|
||Increase/(decrease)||in creditors||||||(464)|60,267|
||Net cash provided|by operating|||acIivitles||||364,388|280,784|
|19.|Analysis
ofcash and cash equivalents||||||||||
||||||||||2020|2019|
||Cash in hand||||||||593,681|435,175|
||Total cash and cash equivalents||||||||593,681|435,175|
|20.|Analysis ofchanges||in|net debt|||||||
|||||||||At 1||At 31|
|||||||||January||December|
|||||||||2020|Cash flows|2020|
|||||||||f|E|6|
||Cash at bank and
in||hand|||||435,175|168,506|693,681|
||Debt due within
I year|||||||(48,795)|«5,098)|(63,893)|
||Debt due after 1 year|||||||(1,1so,sao)|117,721|(1,032,969)|
|||||||||(807,862)|261,129|(546,733)|
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||||2020|2019f|
|---|---|---|---|---|
|Not later than||1 year|23,027|23,891|
|Later than|1|year and not later than 5 years|40,252|66,663|
||||63,279|901554|
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